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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-64'85 J a n u a r y 25, 1930. SUBJECT? Expense, Main L i n e , Leased Wire System, December, 1929. Dear S i r : Enclosed h e r e w i t h you w i l l f i n d two mimeograph s t a t e m e n t s , X-6485-a. and X-6485-b, c o v e r i n g i n d e t a i l o D e r a t i o n s of the main l i n e , Leased Wire System, d u r i n g t h e month of December, 1929. P l e a s e c r e d i t the amount oaya"ble "by your "bank in the g e n e r a l a c c o u n t , T r e a s u r e r , U« S . , on your "books, and i s s u e C/D Form 1, N a t i o n a l Banks, f o r account of " S a l a r i e s and Expenses, F e d e r a l Reserve Board, S p e c i a l Fund", Leased Wire System, sending d u p l i c a t e C/D to the F e d e r a l Reserve Board. Very t r u l y y o u r s , F i s c a l Agent. Enclosures. TO GOVERNORS OF ALL F. R. BANKS EXCEPT CHICAGO. REPORT SHOWING CLASSIFICATION AND miMEER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF DECEMBER, 1929. Words sent by New York chargeable to other F. R. Banks ( l ) Net F e d e r a l Reserve Bank business P e r c e n t of t o t a l bank b u s i n e s s ( * ) From Business reported by banks Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San F r a n c i s c o Total 30,422 173,469 37,309 90,672 61,776 65,554 119,114 79,075 36,076 81,285 75,971 106,521 957,244 2,119 32,541 173,469 39,214 93,271 64,436 7i,37S 122,340 82,228 38,979 82,713 87,194 110,188 997,951 X-64S5-a 3.26 17.38 3,93 9.35 6.46 7.15 12.26 8.24 3.90 8.29 8.74 11.04 • 100.00 - 1,905 2,599 2,660 5,824 3,226 3,153 2,903 1,422 11,223 3,667 40,707 F. R. Board b u s i n e s s . . . 257.601 1,255,552 Treasury Department b u s i n e s s - Incoming and outgoing T o t a l words t r a n s m i t t e d over main l i n e s 345.273 ; (*) These percentages used i n c a l c u l a t i n g the -pro r a t a s h a r e of l e a s e d wire expense a s shown on t h e accompanying statement (X-6485-h) (l) Number of words sent by New York to o t h e r ' F . R. Banks f o r t h e i r s o l e b e n e f i t charged to banks i n d i c a t e d i n accordance with a c t i o n taken at Governors' Conference November 2 - 4 , 1925. 1,600,825 f » REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIRE SYSTEM, DECEMBER, 1929. Name of Bank Operators' Salaries $ 260.00 Boston 1,004.62 New York 225.00 Philadelphia Cleveland 306.66 Richmond 190.00 270.00 Atl.nta 4,045.47 (#) Chicago St. Louis 205.00 Minneapolis 183.66 Kansas City 287-50 251.00 Dallas San Francisco 380.00 F e d e r a l Reserve Board Total (&) (#) (*) (a) (b) $7,608.91 Operators 1 Overtime $ - Wire Rental $ - - • — - - 230.00(&) — 4.00 8.00 — - 1.50 — — $ 13.50 — - - 15,595.59 $15,825.59 Total Exoenses $ 2S0.00 1,004.62 225.00 306.66 420.00 270.00 4,049.47 213.00 183.66 287.50 252.50 380.00 15,595.59 Pro Rata Share of Total Expenses $ 599.54 3,196.29 722.75 1,719.52 1,182.04 1,314.93 2,254.69 1,515.39 717.24 1,524.58 1,607.34 2,030.33 - $23,448.00 $18,390.64 5 , 0 5 7 . 3 6 (a) $18,390.64 X-64S5~b Credits $ 260.00 1,004.62 225.00 306.66 420.00 270.00 4,049.47 213.00 183.66 287.50 252.50 38Q.00 Payable to Federal Reserve Board $ 339.54 2,191.67 497.75 1,412.86 768.04 1,044.93 1,794.72 (*) 1,302.39 533.55 1,237.08 1,354.84 1,650.33 — - $7,852.41 $12,333-01 1 . 7 9 4 . 7 8 (b) $10,538.23 Main, l i n e r e n t a l , Richmond.-Washington. I n c l u d e s s a l a r i e s of Washington o p e r a t o r s . Credit. Received$5,057'3G from Treasury Department covering "business f o r t h e month of December, 1929. Amount reimbursable to Chicago.
@FedFRASER