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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD x-3991 March 13 » 1924» SUBJECT: EXPENSE MAINLINE, Leased Wire System, February, 1924. Dear Sir:Enclosed herewith you will find two mimeograph statements, X-3997-a. and X-3997-b, covering in detail operations of the main line, Leased Wire System, during the month of February, 1924. Please credit the amount payable 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 Expenses, Federal Reserve Board, Special Fund", Leased Wire System, sending duplicate C/D to Federal Reserve Board. Very truly yours, Fiscal Agent. (Enclosures) TO GOVERNORS OF ALL BANKS. 1G7 X-3997-a. REPORT SHO"fINC- CLASSIFICATION AND NUMBER OF TORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF FEBRUARY ,1924. Treasury Dept. Business War Finance Corp, To tal Business From Percent of Fed. Res. Total Bank Bank Business Business (*) Boston New York Phi lad elphia. Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansa.s City Dallas San Francisco 35,573 ' 229,382 54,956 77,465 69,082 79,357 116,911 79,059 44,830 63,699 70,251 119,538 3-41 21.96 5.26 7.42 6.62 7.60 11.19 7-57 4.29 6.58 6-73 11.37 5,043 12,722 5,395 4,125 4,366 4,442 6,359 5,452 2,673 4,475 3,095 8,757 4o,6i6 242,104 60,351 81,590 73,443 83,799 123,270 34,511 47,503 73,174 73,346 128,295 1,045,103 100.00 66,904 1,112,007 TOTAL Board 255,644 48,010 214 303,868 Total 1,300,74*7 114,914 214 1,415,875 Percent of Total 8 -12% $1.37$ .01 £ Bank Business 1,300,747 woras or 91-28% Treasury Dapt. 114,914 » " ' 8.12% TOTAL 1,415,661 100 »00% (*) These percentages used in calculating the pro rata share of leased wire expenses as shown on the accompanying statement (X-3997~b) FEDERAL RESERVE BOARD, Washington, D. C. March 13, 1924. I REPORT OF EXPENSE MAIN LINE , %-3997-b . FEDERAL RESERVE LEASED WISE SYSTEM FEBRUARY, 1924. . Nsjne of Bank Operators' Operators• Wire Salaries Overtime Rental Boston $ 250.00 New York 1,267,79 Philadelphia 200.00 Cleveland 388.00 Richmond 315*00 Atlanta 240.00 Chicago (#)4.9l6.19 St. Louis 271.00 Minneapolis Kansas City Dallas 251.00 San Francisco 380.00 Fed. Res. Board TOTAL $ Total Expense $ 250.00 $ 1,267.79 200.00 388.00 315-00 16.00 15,571.07 240.00 4,932.19 271 >00 283 33 346.68 251.00 380.00 15 ,571.07 $9,108-99 $16.00 $15,571.07 $24,696.06 (a) 4.702.13 (#) (&) (*) (a) Pro Rata Share of Total Expense Credits 681.80 $ 250.00 4,390.6s 1,267.79 1,051.69 200.00 1,323.60 315-00 240.00 4,932.19 1,483.56 1,519.55 2,237.22 1,513.55 857-75 1,315.61 1,345.60 2,273.32 388.00 271.00 283-33 346.6s 251.00 380.00 $19,993 93 $9,*24.99 Payable to Federal Reserve Board $ 431.80 3,122.89 851.69 1,095.56 1,008.60 1,279.55 (•>2,694.97 1,242-55 574.42 968.93 1,094.60 1,893-32 $13,563-91 (&) 2,694.97 $10,S6g.94 , $19,993.93 Includes salaries of Washington operators. Amount reimbursable to Chicago. Credit. Received $2.13 (B) from War Finance Corporation and $4,700.00 from Treasury Department covering business for month of February, 1924, (b) Original charge $4.75, reduced by $2.62, due to over-charge for January.
@FedFRASER