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FED ER AL RESERVE B O A R D WASHINGTON ADDRESSOFFICIAL. CORRESPONDENCETO THEFEDERALRESERVEBOARD X-9104 January 25, 1955. SUBJECT: Expense, Muin L in e s, Leased Wire System, December, 1934. Dear S i r : In c lo s e d herew ith you w i l l fin d two mimeo graphed statem ents, X-9104-a and X-9104-b, co ve rin g in d e t a i l o p e ra tio n s o f the main li n e s , Leased Wire System, d u rin g the month o f December, 1934. P le ase c r e d it the amount payable by your bank fo r your share o f the expense of the Leased Wire System, to the F ederal Reserve Bank of Richmond in your d a ily statem ent o f c r e d it s through the Gold. Settlem ent Fund fo r the account o f the F e d e ral Reserve Board, and a d v ise the Federal Reserve Bank o f Richmond by wire the amount and purpose o f the c r e d it . Very t r u ly y o u rs, /; t o F i s c a l Agent* In c lo s u r e s . TO GOVERNORS OF ALL F BANKS. X-9l0^a REPORT SHOWING CLASSIFICATION AND NUMBER QP WORDS TRANSMITTED OVER MAIN LIN ES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF DECEMBER, 1934. B u sin e ss reported by banks From Boston New York P h ila d e lp h ia C le v e la n d Richmond A t la n t a Chicago S t. L o u is M in n e a p o lis Kan sas C it y "D a lla s San F ra n c isc o 32,637 159 ,4o4 28,756 36,981 US,7S5 53,317 87,892 68,198 3^,976 63,821 T o ta l 55,1SH 86,677 756,628 Words sent by New York charge able to other F. R. Banks ( l ) 2,807 2,901 2,905 3,276 2,821 3,3^8 Net F ederal re serve bank b u sin e ss 35 ,UUU 159,404 31,657 39,886 4.48 20.15 4.00 5.04 6.5s 52,061 7.10 56,138 3,020 9l,2Uo 71,218 2,771 37,7^7 4,454 34,426 91,131 791,054 2,702 3,^21 Per cent o f t o t a l bank b u sin e ss ( * ) 66,523 58,605 11.54 9-OC ^•77 S.4l 7.^1 11.52 100.00 F. R. 3oard B u s i n e s s ..................................................................................... 356,104 Reim bursable b u sin e ss Incom ing & O u tgo in g............................................................................................ ... T o ta l words tran sm itte d over main l i n e s ................................................................................................ (*) These percentages used in c a lc u la t in g the pro r a t a share o f le ase d w ire expense as shown on the accompanying statement (X-9104-b) (l) (l) Number of words sent by Nerr York to other F. R. Banks fo r th e ir so le b e n e fit charged to banks in d ic a te d in accordance w ith a c tio n taken at Governors' Conference November 2 -4 , 1925* 1,147,158 . # 7 2 4 ,4 5 1 1,871,609 Q\ X-OioH-b REPOST OF EXPENSE MAI IT LIKES FEDERAL RESERVE LEASED WIRE SYSTEM, DECEMBER , 1934. rsrre of banb O p e rato rs' S a la r ie s R e t ir e ment C ontribu tio n s $ 24.65 $ 260.00 Boston # 1,346.18 121.69 Fe^ York 20.25 225.0 0 P h ila d e lp h ia 27.60 30 6.66 C leveland 190 .0 0 Richmond 17.35 22.14 2 7 O.OO A tlanta. 4 , l4 2 . 2 0 ( f ) 10 9.34 Chicago 19 5.0 0 St. L o u is 17.43 IS . 00 206.00 M in n e ap o lis 2S7.00 Kansas C it y 2 5 .5 3 22.59 251.00 D a lla s 3S0.00 32.03 San F ra n c isc o — F ederal Re servo. Rd $8,053.04 $459.40 T o ta l L e ss Reim bursable Charges 7 (&) (#) (*) (a) Oper a to rs 1 over time Wire re n tal T o ta l expenses Pro r a t a share o f to tal expenses $ 284.65 $ 669.6s 3 ,012.06 1,469.37 2 45.2 5 597-93 334.26 753-39 9S3 .5 9 230.0 0 (&) 437-35 1 ,0 6 1.3 2 2 9 2 .14 4 ,254.04 1 , 725.02 2 1 3 .1 s 1,345.3*+ 2 1 s . 00 7 13 .0 3 3 1 2 .S3 1 .2 5 7 .1 5 1 , 107.-66 2 7 3 .5s 1 ,722.03 412.03 t - . 15,641.07___ 15,641.07 $24,363.26 $14,948.20 $4 .7 5 $1 5 ,8 7 1.0 7 $ $ 2.00 2.00 •75 - ' Cre<lits - m 9,44-0.06 , 948.20 Payable to F ederal Reserve Eoard . $ 284.65 1,469.87 2 45.2 5 334.26 437.35 2 9 2 .14 4,254.o4 2 13 .18 218.00 312.83 273.59 418.03 - $ 385.03 1,542.19 352.68 419.13 546.24 7 6 9 .18 2 , 529.02C*) 1 , 1 3 2 .1 6 495.03 944.32 834.07 1 ,310.00 — $8 ,-730.03 2,529 02(a) $6,201.01 Main line rental, Richmond.-Washington Includes salaries of Washington operators Credit Anount reimbursable to Chicago h* &
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