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.. FEDERAL RESERVE BOARD WASHINGTON ADDRESS OPI"ICIAL CORRESPONDENCE TO THE FBDERAL RDIERVE BOARD X-3809 Augu.st 14, l92J. SUBJECTt EXPENSE MAIN LINE, LEASED WIRE SYSTEivl, JULY, 1923. Dear Sir: Enclos~d herewith you will find two mimeogra.ph statements 1 X-3809a. and X-3809b, covering in deta.il opera.tions of the ma.in line, Lea.sed Wire System, during the month of July, 1923. Plea.se credit the a.rr.ount paya:ble by your bank in the ~nera.l account, Treasurer, U. S. , on your books, and issued C/D Form l, Na.tiona.l Banks, for account of "Sala.ries and Expenses, Federal Reserve Board, Specia.l Fund" 1 Lea.sed Wire System, sending duplica;te C/D to Federal Reserve Boa.rd. Very truly yours, Fiscal Agent • (Enclosure) TO GOVERNORS OF ALL :BAN".t{S EXCEPT CHICAGO· i-· ~-, r"'!', .. • • X-3809a. REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDETIAL RESERVE LEASED WIRE SYSTEM FOR THE MONT!~ OF 4TULY, 1923. From Ba.nk Business Percent of Tota.l Bank Business(*) !!:'rea.f:lury Dept. Business WE).r Finance Corp. Business Total -----------------------------------------------------------------------------------35,830 225,511 59,446 95,621 69,870 68,220 151,139 91,288 44,092 96 ,2l~LJ. 67,835 134,821 Boston New York Phila.delph ia. Cleveland Richmond Atlanta Chica.go St. Louis Minneapolis Kansa.s City Da.lla.s San F!'ancisco TCital F. R, Banks s.o1 3·87 g.44 5,95 11.33 1,139.917 loo.oo% 2~1 !227 Wa.shington 1,431.274 Grand Total Percent of Total Bank Business Trea.sury TOTAL 3·14 19.78 5·22 8·39 6.13 5·98 13.26 88.92% tt August 14, 1923. 88,434 118 1,228,469 74 ~::ft1 91 89,049 381,181 3.77,483 1,609,650 88.97% n ;1.1.03~ 100.00% (*) FEDERAL RESERVE BOARD I Wa.shington, D. C. 27 73,955 159,945 98,321 48,278 101,971 72,132 147,554 11·03% 1,4}1,27~ words or 177,483 1,608,757 41,711 243,234 65,076 101,721 5,881 17,723 5,630 6.,100 4,701 5,735 8,715 7,033 4,186 5,727 4,297 12,706 / These percenta.ges used in ca.lculating the pro ra.ta. sha.re of leased wire expenses a.s shown on the a.ccoro,panying sta.te®nt (X-J809b) ., ...... X-3809b REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIBE SYSTEivl JULY, 1923. ----------------------------------------------------------------------------------------------------------------------Payabla to Pro rata. Name of Bank Operators' Sa.la.ries Operators 1 Overtime Wire Rental Total Expense $ $ - $ Federal Reserve Share of Total Ex.pen.Je Credits ----------------------------------------------------------------------------------------------------------------------- Boston $ 250,00 New York 1,501.14 P..'lila.delphia. 190.83 366,oo Cleveland Richmond 315,00 240 .. 00 Atlant3. C:hica.go (#)4,92l.J3 St. Louis 235<00 Minma.pol is 289~45 4't2 .66 Kansas City DBlla.s 251.00 San Francisco 395·00 ·75 Fed. Res. Boa.rd $ 679·08 4,277'·77 1,128.92 1,814.48 1,325·72 1,293.28 2.,867·71 1, 732-30 836.96 1,825.30 'l ,286. 79 2,558-44 $ 2)0.00 l ,501.14 190.83 366.00 315-00 24o.oo 4,921.13 235 .oo 283-45 412.66 251.75 395-00 $ 429-08 2) 776~63 938.09 1,443.48 1,010. 72 1,053·23 (*)2,053-42 1,497·30' 547-51 1,412.64 1,035-04 2,163.44 16,976-36 $9,367.21 TOTAL 250.00 1,50Ll4 190.53 366.oo 315-00 21.:-o.oo 4,921.13 235·00 2S9.45 412.66 251.75 395-00 ( #) (&) {*) (a.) • 75 $21,626.75 Includes sala.ries of Wa.shington opera.tors. Amount reimbursa:b1e to Chica.go. Credit. Received $17.57 from Wa.r Fina.nce Corpora.tion and $4,100.00 from Treasury Dept. covering business for month of July, 1923. FEDERAL RESERVE BOARD, WASHINGTON, D. C. AUGUST 14, 1923. $ $14,312.21 (&)2,023-42 $12,258.79