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101 BOARD OF G O V E R N O R S OF THE , # k FEDERAL RESERVE SYSTEM R-628 WASHINGTON £ @ f i r l r rW ^ * fPri ADDRESS OFFICIAL C O R R E S P O N D E N C E TO THE March 15, 1940 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 1940. 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 Interdistrict Settlement Fund for the account of the Board of Governors of the Federal Reserve System, and advise the Federal Reserve Bank of Richmond by mail the amount and purpose of the credit. Veiy truly yours, 0. E. Foulk, Fiscal Agent. Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND BOARD 102 R-628-a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE I EASED WIRE SYSTEM FOR THE MONTH OF FEBRUARY 1940 Words Sent by N. Y. Chargeable to Other F.R. Banks Total Words Chargeable Expenses Paid by Banks and Board (2) Pro Rata Share of Total Expenses (1) Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 22,189 61,904 15,313 29,602 658 667 22,847 61,904 15,974 30,269 Richmond Atlanta Chicago St. Louis 25,124 41,364 55,725 41,222 657 657 705 657 25,781 42,021 56,430 41,879 581 .71 948 .14 1,273 .26 944 .93 Minneapolis Kansas City Dallas San Francisco 18,649 45,450 37,275 43,393 657 657 798 19,306 46,107 38,073 44,055 435 .61 1,040 .33 859 .06 994 .03 187 .13 273 .06 268 .03 451 .93 192,565 4,344 .93 9,537 .40 637,211 $14,377.68 #14,377.68 Board of Governors 192,565 Total 629,775 - 661 662 - 7,436 1 515.51 $ 1,396 • 77 360 • 43 682 .97 279.89 960 .25 245 .20 223 .02 219 • 55 239 .79 1,237 .50 254 .93 Payable to Board of Governors $ 235.62 436.52 115.23 459-95 362.16 708.35 35.76 690.00 248.48 767.27 591.03 542.10 - $5,192.47 (1) Based on cost per word ($.022563452) for business handled during the month. (2) Payments by banks are for personal services and supplies and payments by Board are for personal services and supplies ($1,542.53) and wire rental ($7,994.8?). Personal services include salaries of main line operators and of clerical help engaged in work on main lino business, such as counting the number of words in messages; also overtime and supper money and Retirement System contributions at the current service rate.
@FedFRASER