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146 R 75 BOARD OF G O V E R N O R S ******* - OF THE FEDERAL RESERVE SYSTEM WASHINGTON a d d r e s s , « September 15, 1937. Dear Sir: There is attached a copy of the report of expenses of the main lines of the Federal Reserve Leased Wire System for the month of August, 1937. Please credit the amount payable by your bank to the Board, as shown in the last column of the statement, to the Federal Reserve Bank of Richmond in your daily statement of credits through the Inter-District Settlement Fund for the account of the Board of Governors of the Federal Reserve System, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the credit. > > Very truly yours, Fiscal Agent. Inclosure. > TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS official c o r r e s p o n d e n c e t o t h e b o a r d R—75—a REPORT OF EXPENSES OF i i I LIEES OF FEDERAL RESERVE vAa LEASED WIRE SYSTEM FOR THE MONTH OF AUGUST, 1937 Number of words sent Words sent by in. Y. chargeable to other F.R. Banks 34,977 125,152 50,782 49,575 50,544 55,125 1,511 Federal Reserve Bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Board of Governors Total 82,898 68,205 28,530 62,835 53,918 85,711 — — 1,527 1,556 1,505 1,472 1,807 1,474 1,467 1,499 1,470 1,540 477,804 1,206,052 Total words chargeable 56,488 125,152 32,309 51,129 52,049 56,597 84,705 63,679 29,997 64,552 55,388 87,251 Personal services (1) S 514.73 994.67 256.61 259.82 195.70 276.07 1,258.63 188.15 135.55 259.05 267.55 473.04 477,804 16,828 1,704.24 1 ,222,380 $6,565.77 Wire rental $ 1 Total expenses Credits 514.75 994.67 256.61 259.82 195.70 276.07 1,258.65 188.15 155.55 259.03 267.55 475.04 616.33 2,113.97 545.74 865.65 879.17 955.99 1,450.77 1,176.96 506.69 1,086.65 955.57 1,473.78 15,796.41 8,070.69 $14,092.17 $20,655.94 $20,655.94 $20,655.94 Payable to Board of Governors 15,796.41 > — — — — — — — — 14,092.17 1 Pro rata share of total expenses (2) $ 514.75 994.67 236.61 259.82 195.70 276.07 1,258.63 138.15 155.55 259.05 267.55 475.04 | 501.60 1,119.50 509.15 603.81 685.47 679.92 172.14 988.85 371.14 827.62 668.02. 1,000.74 #7,725.72 (l) Includes salaries of main line operators and of clerical help engaged in work on main line business, such as counting the number of words in messages; also, overtime and supper money and Retirement System contributions at the current service rate. (2) Based on cost per word ($.016891224) for business handled during the month.
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