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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-6517 February 26, 1930. SUBJECT: Expense, Main Line, Leased. Wire System, January, 1930. Dear Sir: Enclosed herewith you will find, two mimeograph statements, X-6$17-a and X-6517-b, covering in detail operations of the main l i n e , Leased Wire System, during: the month of January, 1930. Plea.se credit the amount Payable by your bank in the general account, Treasurer, U. S., on your books, and issue C/D Form 1, National Banks, f o r account of "Salaries and Expenses, Federal Reserve Board, Soecial Fund", Leased Wire System, sending duplicate C/D to the Federal Reserve Board. Veiy truly yours, Fiscal Agent. Enclosures. ?0 GOVERNORS OF ALL F. R. BAWS EXCEPT CHICAGO. REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF JANUARY", 1930. Business reported ty banks From Boston New Yoric Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total Net Federal Reserve Bank business Words sent by New York chargeable to other F. R. Banks (1) 32,204 163,290 36,921 89,893 58,486 66,195 111,583 85,031 36,376 £6,006 75,112 110.77S 951,935 1,354 33,558 163,290 3*>065 92,342 — 1,084 2,449 2,270 6,354 3,035 2,996 2,346 855 60,756 72,549 114,618 88,027 38,722 86,861 86,125 113,909 982,522 11,013 3,131 36,887 F. R. Board business • • . Percent of total bank business(*) 3.39 16.51 3-85 9.34 6.14 7.34 11-59 8.90 3.92 8.79 8.71 11.52 100.00 276,695 Treasury Department "business - Incoming and outgoing Total words transmitted over main l i n e s (*) These percentages used in calculating the pro rata share of leased wire expense as shown on the accompanying statement (X-6517-b) (l) 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 , 1925. X-6517-a 1,265,517 253.576 1,519,093 REPORT OF' EXPENSE MAIU LIME FEDERAL RESERVE LEASED WIRE SYSTEM, JANUARY, 1930. Hame of Bank Operators' Salaries $ 260.00 Boston 1,037-46 New York Philadelphia. 225.00 300.66 Cleveland 190.00 Richmond 270.00 Atlanta 4,020.36 (#) Chicago 205.00 St. Louis 200.00 Minneapolis Kansas City 237.50 251.00 Dallas San Francisco 38O.OO Federal Reserve Board Total (&) (#) (*) (a) (b) $7,692.98 Operators' Overtime $ — — — $ - 230.00(&) — — — — 1.00 — — — —* - - - *— $ Wire Rental 1.00 - 15.559-38 $15,739.88 Total Expenses $ 260.00 1,037.46 22S.00 30 6.66 420.00 270.00 4,030.36 206.00 200.00 287-50 251.00 330.00 15,559.88 Pro Rata Share of Total ^•xoenses $ 663.21 3,229.92 753-21 1,327.26 1,201.22 1,435.93 2,2o7.44 1,741.18 766.90 1,719.66 1,704.01 2,253.75 - $23,483.86 $19,563.80 3,920.06 (a) ' $19,563.80 X-6517-% Credits $ 260.00 1,037-46 225.00 306.66 420.00 270.00 4,030.36 206.00 200.00 237.50 251.00 380.00 Payable to Federal Re se rve Board $ 403.21 2,192.52 528.21 1,520.60 731.22 1,165.98 1,812.92 (*) 1,535-iS 566.90 1,432.16 1,453-01 1,873.75 - - $7,923.98 $13,452.74 1.812.92 (b) $11,639.82 Main line rental, Richmond-Washington. Includes s a l a r i e s of Washington operators. Credit. Received $3,920.06 from Treasury Department covering business for tne month of January, 1930• Amount reimbursable to Chicago.
@FedFRASER