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FEDERAL RESERVE BOARD
WASHINGTON
address official correspondence t o
the federal reserve board

X-8OO3

September 13> 193*+•

SUBJECT:

Expense, Main Lines, l e a s e d
Wire System, August, 193^*

Dear S i r :
Inclosed herewith you " i l l f i n d two mimeographed s t a t e m e n t s , X-8003-a and X-8003-b, covering
in d e t a i l operations of the main l i n e s , Leased Wire
System, during the month of August, 193^*
P l e a s e c r e d i t the amount payable by your bank
f o r your share of the expense of the Leased Tire
System, to the Federal Reserve Bank of Richmond i n
your d a i l y statement of c r e d i t s through the Gold Settlement Fund f o r the account of the Federal Reserve
Board, and advise the Federal Reserve Bank of Richmond
by wire the amount and purpose of the c r e d i t .
Very t r u l y yours,

F i s c a l Agent.

Inclosures.

TO GOVERNORS OF ALL F. R. BAMS.



REPORT SHOWISB CLASSIFICATION AED HJISER OF 70KDS TRANSMITTED OVER ilAIF LI1JES
OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF AUGUST, 1934.
Business
reported
by banks

From
Boston
Hew York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
San F r a n c i s c o

Total,

30,634
137,817
27,325
51,722
49,701
49,003
84,300
65,802
35,375
67,936
53,417
86,044
739,076

F. R. Board b u s i n e s s

Words sent by
Hew York c h a r g e a b l e t o other
F. R. Banks ( l )
1,175
-

1,313
1,187
1,262
1,264
1,415
1,384
1,259
1,180
2,430
2,733
16,602

Met F e d e r a l
reserve
bank
business
31,809
137,817
28,638
52,909
50,963
50,267
85,715
67,186
36,634
69,116
55,847
88,777
755,678
362,788

X-8003-a

Per cent of t o t a l
bank b u s i n e s s ( * )
4.21
18.24
3.79
7.00
6.74
6.65
11.34
8.89
4.85
9.15
7.39
11.75
100.00
1,118,466

Reimbursable b u s i n e s s Incoming & Outgoing
T o t a l r o r d s t r a n s m i t t e d over main l i n e s
(*)

These p e r c e n t a g e s used i n c a l c u l a t i n g the pro r a t a share of l e a s e d vrire expense a s sharrn
on the accompanying statement (X-S003~b).

(l)

Kumber of Tords s e n t by l?ev York to other F. R. Banks f o r t h e i r s o l e b e n e f i t charged t o
banks i n d i c a t e d i n accordance » i t h a c t i o n taken a t Governors 1 Conference
November 2 - 4 , 1925.




659,738
1,778,204

c:

X-8003-b
REPORT OF EXPE7S3S MAIF LIKES
FEDERAL RESERVE LEASED TCEE SYSTEM, AUGUST, 193%.

Uame of Bank

Operators 1
Salaries

Retirement
Contributions

$260.00
$ 23.40
Boston
121.12
New York
1,345.80
Philadelphia
20.25
225.00
27.60
Cleveland
306.66
190.00
Richmond
17.10
24.30
270.00
Atlanta
Chicago
4 , 5 0 0 . 3 0 ( f ) 382.04
St. Louis
195.00
17.55
18.00
200.00
Minneapolis
Kansas City
287.00
25.83
Dallas
251.00
22.59
34.20
San Francisco
350.00
—
Federal Reserve Bd.
Total
$8,410.76
$733-98
Less Reimbursable Charges:

(&)
(#)
(*)
(a)

Main l i n e r e n t a l , Richmond-Washington
Includes s a l a r i e s of Washington operators
Credit
Account reimbursable to Chicago


http://fraser.stlouisfed.org/
Federal
Reserve Bank of St. Louis
i

Operators'
overtime

$ -

Wire
rental

Total
exoenses

$253.40
$661.44
1,466.92
2,865.73
245.25
595-46
—
334.26
1,099.79
1,058.94
230.00C&)
437.IO
—
1,044.80
294.30
4,882.34
1,781.66
212.55
1,396.73
218.00
762.00
312.83
1,437.58
1,161.06
273.59
—
414.20
1,846.07
—
15,603.96
15,603.96
$24,976.70 $15,711.26
$15,833.96

$ -

—

—

—

-

-

$ -

Pro rata
share of
total
expenses

9,267.44
415,711.2&

Credits

Payable to
Federal
Reserve
Board

$283.40
1,466.92
245.25
334.26
437.IO
294.30
4,882.34
212.55
218.00
312.83
273.59
414.20

$378.04
1,398.81
350.21
765.53
621.84
750.50
3,100.68(*)
1,184.18
544.00
1,124.75
887.47
1,431.87

«•

$9,374.74

$9,437.20
3,100.68(a)
*5,335.58

l-^