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BOARD OF G O V E R N O R S X-9838 118 OF THE FEDERAL RESERVE SYSTEM WASHINGTON March 11, 1337. A D D R E S S • FFI DIAL C O R R E S P O N D E N C E TO T H E BOARD Dear Sir: There is attached a copy of the report of expenses of the main lines of the Federal Reserve Leased Wire System for the month of February, 1937. Please credit the amount payable by your bank to the Board, as shown in the last column of the statement, to the Federal Reserve Bank of Richmond in your daily statement of credits through the Inter-District Settlement Fund for the account of the Board of Governors of the Federal Reserve System, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the credit. Very truly yours, 0. E. Foulk, Fiscal Agent. Inclosure. TO PRESIDENTS OF ALL F. R. BANKS X-9838-a REPORT OF EXPENSES Oi MAIN LINES OF FEDERAL RESERVE LEASED HIRE SYSTEM FOR THE MOUTH OF FEBRUARY, 1957. Number of words sent Vlords sent by h. Y. chargeable to other F.R. Banks 55,547 150,592 51,858 47,152 61,766 65,588 78,497 76,054 25,887 59,139 57,476 81,745 2,537 Federal Reserve Bank Boston Sew York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Board of Governors Total 429,066 1,178,148 2,561 2,604 2,515 2,505 2,375 2,507 2,458 2,511 2,451 2,578 — — 28,082 Total words chargeable 38,084 150,592 34,419 49,756 64,281 66,093 81,572 78,541 28,525 61,650 59,927 84,324 Personal services(l) S 251.45 1,240.52 236.39 594.19 195.46 2,75.73 1,115.81 184.84 155.55 259.05 267.55 449.43 Wire rental Total expenses » — — - — — 251.45 1,240.52 236.39 594.13 195.46 275.75 1,115.81 184.84 155.55 259.03 267.55 449.43 Pro rata share of total expenses (2) # 720.52 2,466.22 651.00 941.08 1,215.80 1,250.08 1,559.06 1,485.52 555.74 1,166.04 1,133.45 1,594.90 Credits & Payable to Board of Governors 251.45 1 468.87 1,225.70 1,240.52 414.61 256.59 546.39 594.19 1,020.34 195.46 974.35 275.75 425.25 1,113.81 184.84 1j 5u0.68 400.19 155.55 907.01 259.05 865.90 267.55 1,145.47 449.43 429,066 2,577.16 15,253.42 17,810.58 8,115.32 17,810.58 1 ,206,230 $7,581.11 *15,255.42 #22,814.55 $22,814.53 $22,814.55 — #9,695.26 (1) Includes salaries of main line operators and of clerical help engaged in work on main line business, such as counting the number of words in messages; also, overtime and supper money and Retirement System contributions at the current service rate. (&) Based on cost per word (f.018913915) for business handled during the month.