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'}'C'» ~~~,,<:,: FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL. CORRESPONDENCE TO THE FEDERAL. RESERVE BOARD X-5043 January 23, 1928. ") SUBJECT: Expense, Main Line, Leased Wire System, December, 1927. Dear Sir: Enclosed herewith you will find two mimeograph statements, X-5043-a and X-5043-b, covering in detail operations of the main line, Leased Wire System, during the month of December, 1927. Please credit the amount ~ayable by your bank in the general account, Treasurer, U.S., on your books, and issue C/D Form 1, National Banks, for account of "Salaries and Exoenses, Federal Reserve Board, Snecial Fund", Leased Wire System, sending duplicate C/D- to the Federal Reserve Board. Yours very truly, Fiscal Agent. TO GOVEPJTORS OF ALL F. R. :BAllKS EXCEPT CHICAGO. Enclosures: J • X-5043-a P."'r"PORT SHO""UJG CLASSIFICA.TION .A1TD 'NUM.B"~<',R :JF lORDS TR.A1JSMITTED OllER MAIN LIUE OF Th""; FEDERAL RES~RVE L'F'..ASED WIRE SYST'1i:M FOR THE MONTH OF DECEMBER, 1927. From Business reported by banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City: Dallas San Francisco 40,713 155,360 46,590 37,077 63.330 61,252 ll5,027 33,377 37.943 33,932' 73,332 120,000 Total 933,543 (*) These Treasury Department Business -=~~~~~~~~~~~~~ 1,345 ' 1,629 2,451 3,109 2,424 3.537 3,017 3.393 3,202 7,005 2,416 33.523 42,063 155,360 43,219 39,523 66,439 63,676 113,564 91,394 41,341 92,134 35,337 122,416 6,945 11' 799 6,133 7.391 7.670 9.931 ll, 303 3,343 4,735 3,261 6,455 13,676 1,017,071 402,036 1,419,157 100.00% 103,747 93.302 197,049 13.33% War Finance Corpor&tion Business -~~ 72 72 72 • 01% Net Federal Reserve Bade -Business- - Per cent of total bank Business (*..L)_ _ _. 35,113 3.34 143.939 15.77 42,036 4.61 31,637 5.94 53,319 6.44 53,695 5.35 '106, 756 11.69 33,051 9.09 36.556 4.00 33,923 9-19 73,332 s.64 103. 740~_____;1: :. :;1: . ;.•. . : .9;:c. l_ _ _. 100.00 913,252 303,734 1,222,036 36.11~ . ~ercentages accompa~ying (1) Words sent by Ne'1'l York chargeable to other F.R. :Banks (1) Total used in calculating the Jro rata share of leased wire eroense as shown on the statement (X-5043-b) Number of words sent by New York to other F. R. Banks for their sole benefit charged to banks indicated in accordance with action taken at Governors' Conference November 2 - 4, 1925. .... • X-)043-b RE?ORT OF EXPENSE MAIN LINE FEDERAL RESERVE T...EASED ~BE SYSTEtl, DECEMBER, 1927. Name of Bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francis_g9_ Fea.e:raL-Y.eserve Board Operators' Salaries $260.00 975.17 225.00 296-66 190.00 270.00 3,923.66(#) 207.00 193-73 275.64 251.00 370-90 Operators' Overtime $- 2.25 Wire Rental Total Ex~nses $260.00 975.17 225.00 296.66 190.00 270.00 3,923.66 . 207.00 193-73 275.64 253-25 ~70.00 ( *) (a) (b) $750.33 3,081.46 900.79 1,746.38 1,253.3g 1,143.95 2,234.23 1,(76.19 7~l.60 1,795-73 1,633.26 ?, ~2J.21 Credits $260.00 975-17 225.00 296.66 19().00 270.00 3,923.66 207 .oo 193· 73 275-64 253-25 . JJO.OO Peyable to Federal Reserve Board $490.33 2,106.29 675·79 1,450.22 1,273-05(&) 878.95 1,639·43(*) 1,569.19 587.87 1,520.09 1,435.01 !. 957 !21 ·- ···'"' . . $ii_?51.-~7$1;:;..5u.,7.25~1::...:...=,63~--:---.--. $7. 437-3f)-- $2. 2:;---$15. 251.63$22,691. ·r4 $19, 54o.. Ol___ $7.41D .IT$13:944."ao· -- -3,151.73(a) 1,639.~) (b) $19,5~0.01 (&) (f) Pro Rata Share of Total Exoenses $12,30~.57 Includes $204.67 for branch line business transmitted over main line cirrr~it. Includes salarie3 of Washington O~erators. Credit. Received $3,150.73 from Treasury De -:a rtmerit and $1.00 from War Finance Corporation covering business for the month of DecGrnber, 1927. Amount reimbursable to Chicago. '
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