The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
17
BOARD OF GOVERNORS
OF" THE
FEDERAL RESERVE SYSTEM
R-950
WASHINGTON
ADDRESS OF'F'ICIAL CORRESPONDENCE
TO THE SOARD
January 21, 1942
Dear Sir:
,
•
There is attached a copy of the report of expenses of the main lines of the Federal Reserve Le2..sed Wire System for the month
of Dece:.nber 1941.
P:Lease credit the amount payable by
your Bant: to the Board, as ahowr; in the last
column of t;w statement, to the f<\,deral Reserve
Bank of Richmond in your daily statement of
credits through the Intcrdistrict .Settlement
Fund for the account of the Board ol' 'Jovernors
of the Federal Reserve System, and advise the
Federal Heserve Bank of Richruond by mail the
a.J11ol.;nt and purpose of the credit.
Very truly yours,
a~~
...
0. E. Foulk,
Fiscal Agent.
.,
Enclosure
TO THE PRESIDENTS OF ALL FEDERAL RESERVE BANKS
EXCEPT RICH110ND
.
•
...
-~
18
R-950-a
REPORT OF EXPENSES OF AlAIN LINES OF FEDERAL RESE.RVE
LEASiD -\'iiR.G SYSTEM FOR THE MONTH OF uE.CEi':IBE.H 1941
Words Sent
Expenses
Paid
by Banks
and
Board (2)
Pro Rata
Total
\':ords
Chargeable
Federal
Reserve
Bank
•
Boston
New York
Philadelphia
Clevela.nd
45,879
106,753
29,05.3
50,716
783
785
46,664
106,753
29,336
51,501
RichmondAtlanta
Chicago
St. Louis
:-
Number
of Words
Sent
66,500
57,978
83,116
57,345
776
776
845
776
6?,276
5f.;,754
83,961
58,121
933.36
315.57
1,165.47
806.?8
469.58
352.81;.
1,597.04
291.63
:U.inneapolis
Kansas City
Dallas
San Francisco
27,633
51,366
47,107
78,454
?75
776
949
775
28,40t3
52,642
48,056
79' 2:~9
394-33
730.73
66?.07
1,099-79
2F36.!33
l9L,..?9
332.69
'~':>2. 83
706, ~306
9, e.o1+. 30 ,
Board of
Governors
Total
by
N. Y.
Chargeable
to Other
r'.R. Banks
785
706,306
1,40<3,706
8,f.i01
1,417,507
Share of
Total Expenses (1)
$
6h7.75
1,4131.85
414.16
711.;.. 8)'
$19,6?6.55
~;
3S1. 70
977.17
2·SO.l7
4l8.h6
Payable
to
Boc.rd
of GovE):'11QrS
$ 266.05
::.04. 68
15:3.99
296.43
46!-~..23
462.?3
h3l. 5?(a)
515.15
107.50
5~55. 91.
33Lt. 38
616.96
13,630.82
1(19 ' 676_. ,/ ../
r,r::.
"it·-
$1-~.,25::?,.09
£ijl. 2?(a)
•
*-~3,826.52
(1)
Based on cost per <'Tord (~:.Ol38iH095) for business 1nndled d.urin,£t the month.
(2)
Payments by Banks are for personal services and suppJ.ies anci payments by Board
are for personal services ,''tlld supplies ($2,161.18) and wire rental U~l2,Ul3. 6?)
less amo,.mt {$544.03) repre$enting reinibursement for the cost of sc:nding m(:ssages between the Washington office of the Le'lsed V'!ire System and the .Local
telegr:1ph offices of the Treasury and Reconstruction FinmlcG Corporn.tion. Personal services include salaries of ma.in line operators and of clerical help
engaged in work on main line business, such as counting the nurr,bcr of vwrds in
messages; also overtime and supper money r.mc~ £\.etiremcnt Systen: contributions
at the current service r2to.
·
(a)
Credit--reimbursable to Chicaeo •
..
•
@FedFRASER