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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O THE FEDERAL RESERVE BOARD X-738S March 2g, 1933. SUBJECT: Exnense, Main l i n e s , Leased Tiire System, February, 1933 • Dear S i r : I n c l o s e d herewith you ^ i l l f i n d t^o mimeographed statements, X-7388-a and X-7388-h, covering in d e t a i l operations of the main l i n e s , Leased 71re System, during the month of February, 1S33* P l e a s e c r e d i t the anrount -payable by your "bank i n the general account, Treasurer, U. 9 . , on your books, and i s s u e C/D Form 1, r a t i o n a l Banks, f o r account of " S a l a r i e s and Expenses, Federal Reserve Board, Special Fund11, Leased Wire System, sending duplicate C/D to the Federal Reserve Board. Very t r u l y yours, F i s c a l Agent. Inclosures. TO G-OVERTORS OF ALL F. R. BAZTS. X-7388-a HBPOBT SHO'7IITS CLASSIFICATION AH) HJKEER OF TJOBDS TBA2?SKITTSD OVER MAIF LI EES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE kOlTTH OF FEBRUARY, 1933. Business reported by banks From Boston Uew York -Philadelphia Cleveland Richirond Atlanta Chicago St., Louis Minneapolis Kansas City Dallas San Francisco Total Words sent by 3Te? York chargeable to other F. R. Banks (1) 35,^55 181,865 36,751 65,97% 51,427 51,872 112,459 66,856 32,005 63,124 55,531 82,942 836,261 3,H8 — 3,454 2,610 3,^13 3,771 4,202 4,165 3,441 3,lil 4.061 4,613 39,959 F. R. Board business Reimbursable business Incoming and Outgoing Net Federal reserve bank business 38,573 181,865 40,205 68,584 54,840 55,643 116,661 71,021 35,446 66,235 55,592 87,555 876,220 Percent of t o t a l bank business (*) 4.40 20.76 4.59 7.83 6.26 6.35 13.31 • 8.11 4.o4 7.56 6.80 9.99 100.00 291,879 . . . . . . . . Total words transmitted over main l i n e s (*) These percentages used in calculating the pro rata share of l e a s e d " i r e expense as shown on the accompanying statement (X-7388-b). (l) Mumber of ro ords sent by Tew York to other F. R. Banks for t h e i r s o l e b e n e f i t charged to banks indicated in accordance ^ i t h a c t i o n taken at Governors' Conference November 2 - 4 , 1925. 1,168,099 1*08,611 1,576,710 X-73S8-b REPORT OF EXPENSE MAIN LIKES FEDERAL RESERVE LEASED TIRE SYSTEM, FEBRUARY, 1933. ITaaie of Bank Boston ITev York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco Federal Reserve Board Total Operators' salaries Operators 1 overtime $260.00 $ ~ 1,232.80 225.00 306.66 175.00 — 243.00 3,658.47 (#]1 18.00 2.00 195.00 200.00 273.00 251.00 38O.OO — —• - $7,399.93$20.00 Wire rental $260.00 1,232.80 225.00 306.66 405.00 230.00 (&) — 243.00 3,676.47 197.00 200.00 273.00 251.00 380.00 15,753.20 15,753.20 $15,983.20$23,403.13 $ Reimbursable charges: Treasury Department $1,925.81 Reconstruction Finance Corporation . 3,988.58 Federal Farm Loan Board 21.69 Federal Farm Board U5.6I Compt. of Currency, I n s o l v . Bank Div. 83.33 Less: Reimbursable charges. (&) (#) (*) (a) Main l i n e r e n t a l , Richmond-Washington. Includes s a l a r i e s of Washington operators. Credit. Amount reimbursable t o Chicago. Total expenses - Pro r a t a share of total expenses $762.88 3,599.39 795.82 1,357.57 1,085.37 1,100.97 2,307.70 1,406.12 700.46 1,310.76 1,178.99 1,732.08 - Credits $260.00 1,232.80 225.00 306.66 405.00 243.00 3,676.47 197.00 200.00 273.OO 251.00 380.00 - $17,338.11$7,8+9.93 Payable to Federal Reserve Board $502.88 2,366.59 570.82 1,050.91 680.37 857.97 1,368.77 ( 1,209.12 500.46 1,037.76 927.99 1,352.08 - $11,056.95 1,368.77(a) $ 9,688.18 6,065«02 $17,335.11 ^ ^ 01
@FedFRASER