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67 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM E-407 WASHINGTON A D D R E S S OFFICIAL C O R R E S P O N D E N C E TO THE BOARD February 14, 1939. 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 January 1939. 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 wire the amount and purpose of the credit. Very truly yours, (U/JL/its 0. E. Foulk, Fiscal Agent. Enclosure. TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND. 68 R-407-a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF JANUARY. 1939. Words Sent Total by N. Y. Words Chargeable Chargeto Other able F. R. Banks Pro Rata Share of Total Expenses (l) Payable to Board of Governors Expenses Paid by Banks and Board (2) Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 23,527 70,891 18,603 31,294 717 708 724 24,244 $ 540,51 70,891 1,580.50 19,311 430.53 713.83 32,018 Richmond Atlanta Chicago St. Louis 25,624 43,566 64,706 42,014 707 707 973 717 26,331 44,273 65,679 42,731 587.04 987.06 1,464.30 952.68 199.20 300.36 1,356.76 254.94 387.84 686.70 107.54 697.74 Minneapolis Kansas City Dallas San Francisco 17,230 42,970 36,144 43,807 716 717 707 728 17,945 43,687 36,851 44,535 400.10 973.99 821.59 992.90 183.07 264.31 279.64 375.61 217.03 709.68 541.95 617.29 Board of Governors 252,974 252,974 5,639.99 11,023.91 Total 713,350 721,471 #16,085.02 $16,085.02 - 8,121 # 353.32 1,036.66 243.26 214.98 $ 187.19 543.84 187.27 498.85 $5,382.92 (1) Based on cost per word (f.022294756) for business handled during the month. (2) Payments by banks are for personal services and supplies and payments b y Board are for personal services and supplies (#1,579.63) and wire rental ($9,443.28), Personal services include 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.
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