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BOARD OF GOVERNORS R-310 OF THE FEDERAL RESERVE SYSTEM 103 WASHINGTON ADDRESS September 16, 1938. 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, 1938. 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, 0. E. Foulk, Fiscal Agent. Inclosure. TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND OFFICIAL C O R R E S P O N D E N C E TO THE BOARD 104 R-310-a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF AUGUST. 1958. Words Sent by N. Y. Chargeable to Other F.R. Banks Payable to Board of Governors Expenses Paid by Banks and Board(2) Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 20,659 65,571 19,534 28,583 615 615 21,269 51 512.63 1,552.20 65,571 19,947 480.77 29,196 705.69 Richmond Atlanta Chicago St. Louis 24,502 41,049 54,668 57,190 610 610 862 611 25,112 41,659 55,550 57,801 605.25 1,004.07 1,358.39 911.09 223.59 500.08 1,218.40 254.74 381.66 705.99 119.99 676.35 Minneapolis Kansas City Dallas San Francisco 16,504 58,556 52,608 46,685 611 611 611 611 17,115 58,967 55,219 47,196 412.51 959.19 800.65 1,157.55 206.47 264.56 267.85 385.45 206.04 674.83 532.80 752.10 242,498 5,844.73 11,141.47 673,080 $16,222.70 $16,222.70 Board of Governors 242,498 Total 666,107 610 - — 6,975 Total Words Chargeable Pro Rata Share of Total Expenses (l) $ 553.29 1,028.54 288.24 310.44 $ 159.54 505.86 192.55 595.25 — $ 5,296.74 (l) Based on cost per word ($.024102187) for business handled during the month. * (2) Payments by banks are for personal services and supplies and payments by Board are for personal services and supplies ($1,587.11) and wire rental ($9,554.36). Personal services include 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.
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