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82 BOARD O F G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM R-615 WASHINGTON a d d r e s s o f f i c i a l c o r r e s p o n d e n c e t o t h e February 16, 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 January 194°• 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. Very truly yours, 0, E. Foulk, Fiscal Agent, Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND b o a r d 83 R-6l5-a REPORT OF EXPENSES OF MAIN LIMES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF JANUARY. 192iO Words Sent by N. Y. Chargeable to Other F.R. Banks Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 24,505 75,617 18,601 35,306 464 Richmond Atlanta Chicago St. Louis 28,042 47,820 67,179 48,231 462 Minneapolis Kansas City Dallas San Francisco 20,592 50,245 40,508 50,063 Board of Governors 216,879 Total 723,588 - 464 468 46l 503 462 462 462 536 464 - 5,208 Total Words Chargeable Expenses Paid by Banks and Board(2) Pro Rata Share of Total Expenses (l) 24,969 $ 516.00 $ 1,562,68 75,617 19,065 393.99 739.30 35,774 Payable to Board of Governors 355.30 $ 160.70 614.16 948.52 136.36 257.63 278.71 460.59 28,504 48,281 67,682 48,693 589.06 997.76 1,398.70 1,006.28 222.71 242.93 1,274.96 257.67 366.35 754.83 123.74 748.61 21,054 50,707 41.044 50,527 435.10 1,047.90 273.06 I87.13 1,044.18 4H.93 247.97 774.84 571.27 216,879 4,481.96 10,073.63 728,796 $15,061.11 $15,061.11 848.20 276.93 632.25 - $5,591.67 (1) Based on cost per word ($.020665742) 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 ($1,579*3°) and wire rental ($8,494*33)• 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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