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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL C O R R E S P O N D E N C E T O T H E FEDERAL RESERVE BOARD X-7116 March 16, 1932. SUBJECT: Expense, Main Lines, Leased Wire System, February, 1932» Dear S i r : Enclosed herewith you w i l l f i n d two mimeographed s t a t e m e n t s , X - J l l 6 - a and X-71l6-b, covering in d e t a i l o p e r a t i o n s of the main l i n e s , Leased Wire System, during the month of February, 1932. P l e a s e c r e d i t the amount payable by your bank i n the general account, Treasurer, U. S . , on your books, and i s s u e c/D Form 1, National Banks, f o r account of " S a l a r i e s and Expenses, Federal Reserve Board, Special Fund", Leased Wire System, sending d u p l i c a t e C/D to the Federal Reserve Board. Very t r u l y yours, F i s c a l Agent. Enclosures. TO GOVERNORS OF ALL F. R. BAMS. X-71l6-a REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF FEBRUARY, 1932. Business reported by banks From Boston Hew York Philadelphia Cleveland Richmond Atlanta Chicago S t - "Louis Minneapolis Kansas City Dallas San "Francisco "Total Words sent by New York chargea b l e to o t h e r F. R. Banks ( l ) 26,111 152,56s 29,094 60,326 57,218 53,357 88,6l4 67,639 29,555 67,108 63,836 92,092 787,518 3,601 2,619 2,278 3,932 9,277 4,629 3,546 5,293 3,550 14,311 5.299 58,335 F. R. 3 o a r d b u s i n e s s T r e a s u r y Department b u s i n e s s Incoming Net F e d e r a l reserve bank business 29,712 152,568 31,713 62,604 61,150 62,63% 93,243 71,185 34,848 70,658 78,147 97.391 845,853 P e r c e n t of t o t a l bank b u s i n e s s (*) 3.5I 18.04 3-75 7J4O 7.23 7-4l 11.02 8.42 4.12 8.35 9.24 11.51 100.00 258,384 and Outgoing T o t a l words t r a n s m i t t e d over main l i n e s (*) "These p e r c e n t a g e s used i n c a l c u l a t i n g the pro r a t a share of l e a s e d wire expense a s shown on the accompanying statement (X-71l6-b). (1) Number of words s e n t by New York t o o t h e r F. R. Banks f o r t h e i r sole b e n e f i t charged to banks i n d i c a t e d in accordance with a c t i o n t a k e n a t Governors 1 Conference November 2 - 4 , 1925. 1,104,237 278.069 . 1,382,306 < 1 - v - - e , » X-7H6-T3 BEPOBT OF EXPENSE MAIN LINES FEDERAL RESERVE LEASED WIEE SYSTEM, FEBRUARY, 1932. 3 ame of bank Operators' salaries Operators' overtime Boston $260.00 $ New York 1,133 84 Philadelphia — 225.00 Cleveland — 306.66 Richmond 190.00 — Atlanta 270.00 Chicago 3,666.91 (#) 12.00 St.Louis — 195.00 Minneapolis 200.00 Kansas £ i t y 287.50 Dallas 251.00 .75 San Francisco 380.00 — Federal Reserve Board Total $7,365.91 $12.75 Less reimbursable charges: - - — —* Total (&) (#) (*) (a) Wire rent al Total expenses $260.00 1,133.84 — 225.00 306.66 420.00 230.00 (&) — 270.00 3,678.01 —' 195.00 200.00 287.50 251.75 — 38O.OO 15,581.82 15.581.88 $15,811.88 $23,190.54 Treasury Department Reconstruction Finance Corporation Federal Farm Loan Board . . . . . . . Federal Farm Board . . Total reimbursable charges $ - • —' — - - 2,452.99 2,106.87 42.48 62.74 $4,665.08 $18.525.46 Pro r a t a share of total expenses Credits $650.24 3,341.99 694.71 1,370.88 1,339-39 1,372.74 2,041.51 1,559-84 763.25 1,546.88 1,711.75 2,132.28 $260.00 1,133.84 225.00 306.66 420.00 270.00 3,678.91 195.00 200.00 287.50 251.75 380.00 — $18,525-46 — $7,b08.66 Payable to Federal Reserve Board $390.24 2,202.15 469.71 1,064.22 919.39 1,102.74 1,637.40 (*) 1,364.84 563.25 1,259.38 1,46o.oo 1,752.28 - $12,554.20 1,637.40 (a) $10,916.80 Main l i n e r e n t a l , Richmond-Washing ton. Includes s a l a r i e s of Washington operators. Credit. Amount reimbursable to Chicago. Oi
@FedFRASER