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BOARD OF GOVERNORS R-388 3 9 OF THE FEDERAL RESERVE SYSTEM WASHINGTON A D D R E S S OFFICIAL C O R R E S P O N D E N C E TO THE BOARD January 18, 1959 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 December, 1958 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 Interdistrict 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 Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND 40 R—588—a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF DECEMBER. 1958. Words Sent by N. Y. Chargeable to Other F.R. Banks Total Words Chargeable Expenses Paid by Banks and Board (2) Pro Rata Share of Total Expenses (1) Payable to Board of Governors Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 50,375 96,244 27,467 41,428 552 555 50,926 & 592.05 1,842.50 96,244 556.40 28,019 41,981 805.69 Richmond Atlanta Chicago St. Louis 57,353 50,225 75,219 47,579 551 551 812 551 57,904 50,774 74,031 47,950 725.64 972.02 1,417.26 917.58 255.75 507.80 1,232.03 250.36 491.89 664.22 185.23 667.22 Minneapolis Kansas City Dallas San Francisco 21,867 52,678 40,177 57,702 551 551 619 670 22,418 53,229 40,796 58,572 429.17 1,019.02 781.00 1,117.48 148.35 269.11 279.09 575.25 280.82 749.91 501.91 744.25 513,578 5,999.55 12,191.50 896,002 $17,155.14 $17,155.14 Board of Governors 315,578 Total 889,490 551 - — 6,512 $ 506.57 1,051.79 246.92 285.02 $ 285.68 810.71 289.48 520.67 $6,191.97 (1) Based on cost per word ($.019144087) 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 ($1,727.28) and wire rental ($10,464.02). 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.
@FedFRASER