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FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD
X-4809
March 11, 1927
SUBJECT:
Expense, Main Line, Leased Wire System,
February, 1927
Dear Sir:
Enclosed herewith you will find two mimeograph statements, X-4509-a and X-4509-b, covering in
detail operations of the main line, Leased Wire System, during the month of Februal."y, 1927.
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, S\)ecial Fund 11 , Leased Wire System, sending duplicate C/D to the Federal Reserve Board.
Yours very truly,
Fiscal Agent
Enclosures.
TO GOVERNORS OF ALL F. R. :BANKS EXCEPT CHICAGO.
X-4509-a
REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE
OF THE FEDERAL RESERVE tEASED WIRE SYSTEM FOR TEE IDNTH OF FEBRUARY, 1927
From
Business
re-ported
by banks
Words sent
by New York
chargeable
to other
F.R. Banks(l)
Total
Treasury
Department
'Business
War Finance
Corporation
Business
Net Federal
Reserve Bank
'Business
Percent of
total bank
'Business~•}
'
Boston
New York
Philadelphia
Cle-veland
Riehmond
Atlanta
Chicago
St. Louis
Minneapolis
Iransas City
Dallas
San Francisco
Total
F. R. Board
(*)
(1)
436
29,124
112,646
33.521
65,271
39.740
51,259
33,355
65,145
31,643
66,4og
53.947
9.I.9.42
413
1,453
2,184
3. 710
2,692
2,132
1,764
1,931
3.995
2.026
735,501
22~576
29,610
112,646
33.939
66,729
41,924
54.969
91,547
67.277
33.4o7
63,339
57.942
9.9..9.9.3
3,052
3,294
2,513
2,820
2,304
3,503
3.743
3.339
1,233
3.306
1.592
4,655
26,558
109,352
31,426
63.909
39,120
51,466
37,799
63.933
32,174
65,033
56,350
9.5t343
3.65
15.13
4.35
8.55
5.41
7.12
12.15
3.55
4.45
9.01
7.50
13.20
753,377
274 1 273
35,359
21,9_30
722,513
252 1 343
100.00~
Total
1,032~650
57.739
974,361
Percent of Total
100.00~
5.60~
94.4~
These percentages used in calculating the pro rata share of leased wire expense as shown on the
accomnanying statement {X-4809-b).
Number of words sent by New York to other F. R. Banks for their sole benefit charged to banks
indicated in accordance with action taken at Governors' Conference November 2 - 4, 1925 •
•
'
REPORT OF EXPENSE MAIU LINE
FEDERAL RESERVE LEASED WIRE SYSTEU, FEBRUARY, 1927
Ni:lllle of Bank
:Doston
New York
Philadelphia
Cl0veland
Hichmond
."..tlanta
O-perators'
Salaries
260.00
953.29
225.00
253.66
190.00
270.00
C~1icago
4,065-31(#)
200.00
s~. Louis
Minnea~o1is
193-73
Kansas City
275-64
Dallas
251.00
Sa'1 Francis co
370.00
!ederal Reserve Board
Total
Operators"
Overtime
Wire
Rental
$
$ 7.572.63
Total
E!Eenses
260.00
983.29
225.00
236.66
190.00
270.00
4,065-31
200.00
193-73
275.64
251.00
370.00
15. 31+1. IS
$
~15.341.18
$15.341.78
Pro Rata
Share of
Total
Exoenses
$
796.06
3.272.93
941.00
1,914.44
1,170.30
1,540.20
2,623.30
1,914.44
962.63
1,949.05
1,687.30
2,855.43
$21,632.02)
$22,914.41
---1 1 252. 33(aY
$21,632.03
~-
(&)
(#)
( *)
(a)
{b)
x-4609-b
Credits
$
260.00
953.29
225.00
233.66
190~00
270.00
4,065-31
200.00
193·73
275.64
251.00
370.00
Payable to
Federal
Reserve
Board
536.06
2,239.64
716.00
1,625-78
1 • 1 54 . 97 ( & )
1,270-20
1,437-01 (*)
1, 71'+.44
76S. 90
1,673-41
1,436-30
2,455.43
*
$15,701.13
$ 7.572.63
-- ·-·
----,__,;...
1 1 4tt.01(b)
$14,.2 .12
Includes $204.67 for branch line business transmitted over main line circuit.
Includes salaries of Washington operators.
Credit.
Received $1,262.33 from Treasury Department covering business for the month of February, 1927.
Amount reimbursable to Cl1icago.
@FedFRASER