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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board X-6551 March 22, SUBJECT: E x p e n s e , Main L i n e , February, 1930. 1930. Leased Wire System, Dear S i r ; E n c l o s e d h e r e w i t h y o u w i l l f i n d two m i m e o g r a p h s t a t e m e n t s , X - 6 5 5 1 - a a n d X~S551~b, c o v e r i n g i n d e t a i l o p e r a t i o n s of t h e main l i n e , L e a s e d T i r e System, d u r i n g t h e month o f F e b r u a r y , 1 9 3 0 . P l e a s e c r e d i t t h e a m o u n t p a y a b l e "by y o u r "bank i n t h e g e n e r a l a c c o u n t , T r e a s u r e r , U . S . , o n y o u r b o o k s , a n d i s s u e C/D Form 1, n a t i o n a l B a n k s , f o r a c c o u n t of " S a l a r i e s a n d Sbcpenses, F e d e r a l R e s e r v e B o a r d , S p e d i a l Fund"» L e a s e d w i r e S y s t e m , s e n d i n g d u p l i c a t e C/D t o t h e F e d e r a l R e s e r v e B o a r d . Very t r u l y y o u t s ; F i s c a l Agent. Enclosures. TO GOVERNORS OF ALL F . R . BAILES EXCEPT CHICAGO. REPORT SHOTTING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN L I N E OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR "TEE MONTH OF FEBRUARY, 1 9 3 0 . Business re00rted banks From Boston New Y o r k Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San F r a n c i s c o Total Words sent by New York c h a r g e - able to o t h e r F. R. B a n k s 27,472 143,009 31,423 78,329 50,133 58,055 97,480 72,528 (l) 3Tet F e d e r a l "Reserve "Bank business 1,461 28,933 - 1,295 2,716 2,6i4 6,272 3,4l4 3,108 30,985 76,203 1,652 69,558 95.219 833,394 9,764 3,729 38,580 2,555 F. R. Board "business - - . .. P e r c e n t of t o t a l bank b u s i n e s s ( * ) 3.32 143,009 16.40 32,718 81,045 52,747 64,327 100,894 75,636 33,540 77,855 79,322 101,948 871,974 3-75 9.29 6.05 7.35 11.57 8.67 3.85 8.93 9.10 11.69 100.00 243*.883 Treasury Department "business - Incoming and. Outgoing Total words transmitted over main lines (*) These percentages used in calculating the pro rata share of leased wire exoense as shown on the accompanying statement (X-6551-^) (1) 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. X-6551-a 1,115,857 228, 742 1,3^,599 # X-6551-b REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIBE SYSTEM, FEBHJART, 1 3 3 0 . Name o f B a n k $ 260.00 Boston 1,037.46 New Yoite 225.00 Philadelphia 306.66 Cleveland 190.00 Richmond 270.00 Atlanta 4,073-94 Chicago 205.00 St. Louis 200.00 Minneapolis Kansas City 287.50 251.00 Dallas 380.00 San F r a n c i s c o B o a r d Federal Reserve Total Operators1 Overtime Operators' Salaries $7,686.56 Wire Rental $ - 230.00(4) Total Expenses $ 260.00 1,037-46 225.00 306.66 Pro Bata Share of Total Expenses $ 420.00 270.00 4,073.94 205.00 206.00 227.50 251.00 380.00 (#) S - 15,503-59 15.h03.59 $15,833.59 $23,520.15 4.001.22 648.03 3,201.10 731.96 1,813.31 1,180.90 1,440.50 2,258.34 1,692.29 751-48 1,743.04 1,776.22 2,281.76 - $19,518.93 Credits $ 260.00 1,037-46 225.00 306.66 420.00 270.00 4,073.94 205.00 200.00 287.50 251.00 380.00 Main l i n e r e n t a l , Richmond-Washington. I n c l u d e s s a l a r i e s of W a s h i n g t o n o p e r a t o r s . Credit. Received $4,001.22 from Treasury Department covering b u s i n e s s f o r Amount r e i m b u r s a b l e t o C h i c a g o . 385.03 2.163.64 506.96 1.506.65 760.90 1,170.50 1,215.60 (*) 1,427.29 551.4s 1,455.54 1,525.22 1,901.76 - $7,916.56 (a) $19,518.93 (&) (#) (•) (a) (b) P a y a b l e to Federal Reserve Board t h e m o n t h of F e b r u a r y , $13,417-97 1.815.60 (b) $11,602.37 1930.
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