The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
40
.- "
BOARD OF GOVERNORS
CF' THE
FEDERAL RESERVE SYSTEM
R-959
WASHINGTON
ACCREBB OFFICIAL CORRESPONDENCE
TO THE BOARD
February 17, 1942
Dear Sir:·
There is attached a cop,y of the report of expenses of the main lines of the Federal Reserve Leased Wire System for the month
of January 1942.
Please credit tne amount payable ~J
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 S,istem, and advise the
F·ederal Reserve Bank of R.ictunond by mail the
amount and purpose of tha credit.
VerJ truly yours,
~auL,{
0. E. l"oulk,
Fiscal Agent.
Enclosure
TO THE PRESIDENTS OF ALL FEDERAL RESEHVE BANKS
&'<:CEPT RICHMOND
41
R-959-a
Rt;POHT OF EXPENSES OF M.AIH LINES OF FEDEF.J..L :~ESEf!yl;;
LEASED VliRE SYST:E;.ft FOR THE MONTE OF JJI...TilUARY 1942
Words Sent
by N. Y.
Chargeable
to Other
F.R.. Banks
Total
Words
Chargeable
582
39,413
86,138
24,679
47,427
.Fedaral
Reserve
Bank
Number
of Words
Sent
Boston
New ~ork
Philadelphia
Cleveland
38,831
86,138
21. . ,093
46,84.5
Richmond
Atlanta
Chicago
St. Louis
60,9.69
/,_5 ,800
71,828
50,707
583
576
630
nunneapolis
Kansas City
Dallas
San Fra.."lcisco
24,453
47,682
.38,996
57 ,1;41
578
580
60H
Boarcl of
Governors
Total
586
582
'i'i>
558.01 $
1,219.54
349.41
671.47
312.43
91/1.51
255.:1.3
.322.45
871.46
656.60
l,C25.86
726.12
460.86
270.20
1, 3//..,..90
262.50
25,031
48,26;.:.
39,60/+
58,026
354.39
683.30
560.72
821.54
220.83
198.61
329 .31+
4$9.17
582,477
8,246.74
11,.331.2.3
1,182,730
~fl6,745.l6
$16,745.16
580
585
6,47G
(:t
61,552
1,.6,3'"/6
72,458
51,28'7
582,477
1,176,260
Expenses
Paid
by Banks
and
Board (2)
Pro Rata
Share of
Total SXpemJas (l)
Payable
to
Boe.rd
of Gov..£!:Q.Ors.
,'!.
't\l
2!,.5 .58
272.03
94.28
349.02
1~0.60
336.40
Jl9.04(a)
M-3.62
133.56
,4.84.69
231.38
332.37
~3,403.53
.219.0~(8.)
$3 ,08:~.49
(1) Based on cost per word (;1!:.014158058) for business handled during the month.
(2)
, (a)
Pl.'i,yments ~r Banks arc; for per:::~onal servic"~s c.nd supplies and payments P"f Board
are for p8rsonal servic8s and supplies (1'Pl,l96.79) and wire rental ($10,524./+;;::)
less amount U~389 .98) representing reimbursement for the cost of sending messages between the Washington Office of tho Leused Wiroa ~rstom and the local
telegraph offices of the Tr(Jasu~:· and Reconstruction Finu.ncc Corporation. Personai services include salaries of nain line operators and of clerical help
engaied in work on main line Lu~>iness, S'J.ch as comtting the number of words in
messages; also overtime and suppel~ rnoney and Retirement Systei:l contributions
at the current service rate.
Credit--reimbursable to Chicago.
\
@FedFRASER