Full text of Mimeograph Letters and Statements of the Board : Letter From the Fiscal Agent re Expense of Main Line, Leased Wire System, February, 1938, Number R-206, Volume 48, Page 170

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

R-206
BOARD OF" GOVERNORS

170

OF" THE

FEDERAL RESERVE SYSTEM
WASHINGTON
ADDRESS OFFICIAL. CORRESPONDENCE
TO THE SOARD

March 14, 1938.

Dear Sir:
There is attached a cop,y of the report of expenses of the main lineo of the
Federal Reserve Leased Wire System for the
month of February, 1938.
Please credit the amount payable ~J
your bank to the Board, as shovm 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 tl1e Federal Reserve System,
and advise the Federal Reserve Bank of Richmond b"<J wire the amount and purpose of the
credit.
Very truly yours,

~~
O. E. Foulk,
Fiscal Agent.

Inclosure.

TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS




R-206-a

171

REPOHT OF EXPENSES OF MAIN LINES OF FEDERli.L RESERVE
LEASED WIRE SYST.EM FOR THE MONTH OF FEBRUARY, 1938.

Federal
Reserve
Bank

Number
of Words
Sent

Words Sent
Total
by N. Y.
Words
Chargeable
to Other ChargeF.R. Banks able

$

1,657
1,700

30,211
85,551
25,820
'37,439

Richmond
Atlanta
Chicago
St. Louis

36,591
51,011
62,599
54,559

1,676
1,606
1, 712
1,615

58,267
52,617
64,511
56,172

657.45
876.49
1,071. 29
955.71
..

184.14
276.07
1,157.78
245.72

Minneapolis
Kansas City
Dallas
San Francisco

23,696
54,462
51,615
64,023

1,594
1,641
1,604
1,720

25,290
5G,l05
53,219
65,743

421.28
954.56
886.52
1,095.14

155.55
259.18
267.75
380.53

368,872

6,144.63

11,341.68

959,615

$15,985.18

$15,985.18

Total

941,436

18,179

Payable
to
Board
of Governors

251.78 $ 251.47
1,020.06
405.04
236.61
195.50
228.55
595.32

28,555
85,551
24,163
55,759

368,872

503.25
1,425.10
450.11
625.65

$

Boston
New York
Philadelphia
Cleveland

Board of
Governors

1,656

Expenses
Paid
by Banks
and
Board(2)

Pro Rata
Share of
Total Expenses(l)

453.31
600.42
86.49(*)
689.99

285.75
675.58
618.77
71<1,.61

$5,285.54
86.49(a)
$5,197.05

(1)

Based on cost per word ($.01665791) for business handled during the month.

(2)

Payments by banks are for personal services and payments by Board arc for per~
sonal services ($1,472.80) and wiro rental ($9,868.88). Personal services include salaries of main line operators ru1d of clerical help engaged in work on
mail1 line business, such as counting the number of words in messages; also,
overtime ~:md supper money and Retirement System contributions at tho current
service r~te.

( ~<-)

Credit

(a)

Amount reimbursable to Chicago.