The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
102 BOARD OF GOVERNORS OF" THE FEDERAL RESERVE SYSTEM R-704 WASHINGTON ADDRESS OI'I'ICIAL CORRESPONDENCE TO THE BOARD September 17, 19/1.0 .. • Dear Sir; There is attached a cop_\r of the report of expenses of the main lines of the Federal Heserve Leased Wire System for the month of August 191+0. •. .. Please credit the amount payable by your Bank to the Boa1·d, as shmvn in the last column of the statement, to the l"ederal Reserve Bank of Richmond in your daiJ:y statement of credits through the Interdistrict Settlement F'und for the aceount of the Board of Governors of the Federal Hesorve SystGm, and advise the Federal Reserve Bank of Richmond 1:zy" mail the amount and purpost:; of the credit • Vr:.:ry truly yours, 0. E. Foulk, Fiscal Agent. Enclosure • TO PRESIDENTS OF ALL FEDERAL HEE·K1VE BANKS EXCEPT tUGHIICJND . ~ .. 103 R-704-a .- REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM F'OR THE MONTH OF AUGUST 1940 Words Sent .. ~ Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 24,651 67,221 16,500 31,154 Richmond • Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco •- Board of Governors Total by N. Y. Chargeable to Other F,R. Banks Total Words Chargeable Pro Rata Share of Total F..xpenses (1) Expenses Paid. by Banks and Board (2) Peyable to Board of Governors $ 460.28 $ 265.36 $ 194.92 762 774 25,402 67,221 17,262 31,928 1,218.04 312.79 578.54 965.69 251.03 329.62 252.35 61.76 248.92 36,209 40,880 59,304 42,953 752 751 822 751 36,961 41,631 60,126 43,704 669.73 754.35 1,089.48 791.92 385.65 237.91 1,242.57 222.64 23,152 39,8.37 35,112 48,637 7L~9 751 779 763 23,901 40,588 .35,891 49,400· 433.09 735.45 650.35 895.13 191.37 273.01 268.30 411.89 362,291 6,564.72 10,108.83 751 362,291 827,901 8,405 284.08 516.44 153.09(a} 569.28 241.72 462.44 382.05 483.24 836,306 $15,153.87 $15,153.87 $3,697.20 122-09(a) $3,544.11 .. (1) Based on cost per word ($.018120006) 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 ($1,170.36) and wire rental ($9,380,08) less amount ($441.61) representing reimbursement for the cost of sending messages between the Washington office of the Leased Wire System and the local telegraph offices of the Treasury, Reconstruction Finance Corporation, and the Con~odi~- Credit Corporation. 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 massages; also overtime and supper money and Retirement qystem contributions at the current service rate. • - (a) Credit--reimbursable to Chicago.
@FedFRASER