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BOARD OF G O V E R N O R S 67 OF THE FEDERAL RESERVE SYSTEM WASHINGTON niiiiiipiii 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 ******* R-783 February 14, 194-1 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 1941. Please credit the amount payable try 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 ty 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 68 R-783-a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF JANUARY 1941 Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 26,836 79,769 19,689 35,651 Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Words Sent ty N. Y. Chargeable to Other F.R. Banks $ 462.20 1,354.00 340.96 611.88 $ 279.37 876.19 239.45 249.69 398 397 27,230 79,769 20,087 36,048 42,737 43,189 69,398 43,689 397 396 445 396 43,134 43,585 69,843 44,085 732.16 739.81 1,185.52 748.30 335.21 241.76 1,275.35 247.17 21,507 41,073 37,818 55,350 396 396 425 398 21,903 41,469 38,243 55,748 371.78 703.89 649.14 946.27 185.06 273.01 324.68 425.76 358,445 6,084.25 9,977.46 879,589 $14,930.16 $14,930,16 Board of Governors 358,445 Total 875,151 394 - . — 4,438 Payable to Board of Governors Expenses Paid ty Banks and Board (2) Pro Rata Share of Total Expenses (3) Total Words Chargeable $ 182.83 477.81 101.51 362.19 396.95 498.05 > 89.83(a) 501.13 186.72 430.88 324.46 520.51 $3,983.04 89.83(a) $3,893.21 . (1) Based on cost per word ($.0169^4019) for business handled during the month. (2) Payments ty Banks are for personal services and supplies and payments ty Board are for personal services and supplies ($1,157.98) and wire rental ($9,255*00) less amount ($435.52) representing reimbursement for the cost of sending messages between the Washington office of the Leased Wire System and the local telegraph offices of the Treasury, Reconstruction Finance Corporation, and \ the Commodity Credit Corporation. 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 messagesj also overtime and supper money and Retirement System contributions at the current service rate. (a) Credit—reimbursable to Chicago.
@FedFRASER