The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FED ER AL RESER VE B O A R D WASHINGTON A D D R E S S O F F IC IA L C O R R E S P O N D E N C E T O TH E FEDERAL RESERVE BO ARD X-9165 March 26, 1935. SUBJECT; Expense, Main Lines, Leased Wire System, February, 1935. Dear Sir: Inclosed herewith you will find two mimeo graphed statements, X-9165-a and X-9165-b, covering in detail operations of the main lines Leased Wire System, during the month of February, 1935. Please credit the amount payable by your bank for your share of the expense of the Leased Wire System, to the Federal Reserve Bank of Rich mond in your daily statement of credits through the Gold Settlement Fund for the account of the Federal Reserve Board, and advise the Federal Re serve Bank of Richmond by wire the amount and purpose of the credit. Very truly yours, X Fiscal Agent. Inclosures. TO GOVERNORS OF ALL F. R. BANKS REPORT SHOWING GLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER M I N LINES OF THE FEDERAL RESERVE LEASED FIRE SYSTEM FOR THE MONTH OF FEBRUARY, 1935. Business reported by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St- Eouis Minneapolis Kansas’City Dallas San Francisco Total 26,088 130,312 25,028 38,334 43,815 45,690 67,525 53,611 28,022 53,522 46,611 74,020 632,578 Words sent by New York charge able to other F. R. Banks (1) Net Federal reserve bank business Per cent of total bank business (*) 29,814 130,312 28,842 42,117 47,815 49,418 71,823 57,697 31,776 57,250 51,505 79,002 677,371 3,726 - 3,314 3,783 4,000 3,728 4,298 4,086 3,754 3,728 4,834 4,962 44,793 4.40 19.24 4.26 6.22 7.06 7.30 10.60 8.52 4.69 8.45 7.60 11.66 100.00 F. R. Board business .............................................. • • .282,775 Reimbursable business Incoming & Outgoing ..................... 960,146 . ................................. . 515,275 Total words transmitted over main lines ......................... . ................... ...... (*) These percentages used in calculating the pro rata share of leased wire expense as shown on the accompanying statement (X-9165-b) (i) 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, 1325. 1,475,421 to as X-9165-b REPORT OF EXPENSE MAIN LINES FEDERAL RESERVE LEASED WIRE SYSTEM, FEBRUARY, 1935. Name of bank Operators' Salaries Retire ment Contribu tions $ 24.65 $ 260.00 Boston 122.79 1,358.29 New York 20.25 225.00 Philadelphia 27.60 Cleveland 306.66 17.35 190.00 Richmond 22.14 270.00 Atlanta Chicago 3,962.53(#) 333.64 St. Louis 195.00 17.43 18.00 Minneapolis 200.00 287.00 Kansas City 25.83 251.00 22.34 Dallas San Francisco 580.00 32.03 Federal Reserve Bd. Total $7,885.48 $684.05 Less Reimbursable Charges (&) (#) (*) (a) Main line rental, Richmond-Washington Includes salaries of Washington operators Credit Amount reimbursable to Chicago Oper 1 ators 1 over time - - - $ Wire Rental $ - 230.00(&) - 15.551.28 $15,581.28 Total expenses $ Pro rata share of total expenses 284.65 $ 691.52 1,481.08 3,023.83 245.25 669.52 334.26 977.56 437.35 1,109.58 292.14 1,147.30 1,665.94 4,296.17 212.43 1,339.04 218.00 737.10 312.83 1,323.03 273.34 1,194.45 412.03 1,832.53 — 15,351.28 $24,150.81 $15,716.40 8,454.41 $15,716.40 Payable to Federal Reserve Board Credits $ 284.65 1,481.08 245.25 334.26 437.35 292.14 4,296.17 212.43 218.00 312.83 273.34 412.03 _ $8,799.53 $ 406.87 1,542.75 424.27 643.30 672.23 855.16 2,630.23(») 1,126.61 519.10 1,015.20 921.11 1,420.50 — $9,547.10 2,650.23(a) $6,916.87
@FedFRASER