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FEDERAL RESERVE B O A R D W A S H I N G T O N address official correspondence to the federal reserve board X-4288 March 13, I925. SUBJECT: Expense Main Line, Leased Wire System, February, I925. Dear Sir: Enclosed, herewith you will find two mimeograph statements, X-4288-a and X-4288-b, covering in detail operations of the main line, Leased Wire -Sytem, during the month of February 1925Please credit the amount payable by your bank ia 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. Yours very truly, Fiscal Agent, (Enclosures) TO GOVERNORS OF ALL BANKS EXCEPT CHICAGO. ±71 • t 172 X-4288-a REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF FEBRUARY, IS25 From Fed. Res. Bank Business Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 21,643 133,406 27,065 55,66l 36,748 43,868 80,485 59,629 3^,146 56,212 51,170 91,966 TOTAL Percent of Treasury Total Bank Dept. Business(*) Business 3.11 19.1$ 3.89 7-99 5,27 7»l6 11.55 8.56 4.6l 8.l6 7-35 1J>.20 696,599 100.00 3,245 4,801 3,1^9 3,285 2,566 3,010 4,909 4,456 2,176 3,745 1,729 6,881 43 ,952 War Finance Corp. Business - - Total 24,888 138,207 30,214 58,946 39,31^ 52,878 85,394 64,085 34,322 60,557 52,899 98,847 740,551 Board 241,731 29,067 250 271,04s Total ' 932,330 73,019 250 1,011,599 Percent of Total Bank Business Treasury Dept. Total 7-22$ 92*76$ .02$ 93^,330 words or 92.73$ 73,019 " " 7• 22$ 1,011,349 " "100.00$ (*) These percentages used in calculating the pro rata, share of leased wire expenses as shown on the accompanying statement (X-42SS-b) REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIRE SYSTEM, FEBRUARY, 1925. Name of Bank Operators1 Salaries Operators' Overtime Boston $ 25c.00 New York 933.32 Phi ladelphia 216.66 Cleveland 276.33 Richmond 170.00 Atlanta 255*00 Chicago (*>3,653.18 St. Louis 200.00 Minneapolis 183.34 Kansas City 275-64 Dallas 251.00 San Francisco 38O.OO Federal Reserve Board $ - TOTAL $21.00 7,044.47 8.00 - Wire Rental $ $ - - - - - - - Ij.OO Total Expenses - — - — - — 15,346.5s $15,346-58 250.00 941.32 216.66 276.33 170.00 255.00 3,666.18 200.00 183.34 275-64 251.OO 350.00 15,346.58 $22,412.05 (a) 1,623.10 $20,768.95 Pro Rata Share of To ta,l Expenses $ 646.5%, 3,9EI.C8: 808.69 1,661.04 1,095.58 1,488.49 2,401.12 1,779.53 958.37 1,696.3s 1,527.99 2,744.14 $20,785.95 (#) Includes $204.67 for branch line business transmitted over main line circuit. (*) Includes salaries of Washington operators. (&) Credit (a) Received $5-00 from War Finance Corp. and $1,618.10 from the Treasury Dept. covering business for the month of February, 1925« (b) Amount reimbursable to Chicago. * X-4288-b Credits $ Payable to Federal Reserve Board 250.00 941.32 216.66 276.33 170.00 255.00 3,666.18 200.00 183.34 275-64 251.OO 38O.OO 396.54 3,039.76 592.03 1,384.71 (#) 1,130.25 1,233.49 (&) 1 , 2 6 5 . 0 6 1,579.53 775-03 1,420.74 1,276.99 2,364.14 $7,065.47 $15,193.21 (b)l,265.06 $13,928.15 $
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