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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-U132 August lU, I92U. SUBJECT: EXPENSE MAIN LINE, Leased Wire System, J u l y , 1924. Dear S i r : Enclosed herewith you w i l l f i n d two mimeograph s t a t e ments, X-Ul32-a and X-Ul32-b, covering i n d e t a i l o p e r a t i o n s of t h e main l i n e , Leased Wire System, during t h e month of J u l y , 1924. P l e a s e c r e d i t t h e amount payable by your bank i n t h e general a c c o u n t , T r e a s u r e r , U. S . , on your books, and i s s u e C/D Form 1, National Banks, f o r account of " S a l a r i e s and Expenses | Federal Reserve Board, Special Fund," Leased Wire System, sending d u p l i c a t e C/D t o Federal Reserve Board. Very t r u l y y o u r s , F i s c a l Agent, (Enclosures) To Governors of a l l banks (except Chicago). X-4l32-a REPORT SHOWING CLASSIFICATION AND NUMBER OP WORDS TRANSMITTED OVER MA IF LIKE CF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF JULY, ig?U. Percent of Total Bank Business(*) Treasury Dept. Business War Finance Corp, Business From Fed. Res. Bank Business Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o 31,095 190,126 43,804 74,251 61,268 70,071 116,990 76,308 44,393 ' 75,795 58,909 109,501 11.50 4,792 8,223 5,306 4,648 4,165 4,135 7,656 .5,695 3,028 4,811 3,323 9,688 .952,511 100.00 65,470 18 1,017.999 TOTAL 3.2b 19.96 4.6o 7-80 6.43 7.36 12.28 8.01 4.66 7.96 6.18 Total 35,527 193,349 49,110 73,917 65,433 74,206 124,646 82,003 47,421 80,606 62,232 119,189 — 18 — — - - Board 279,564 39,038 1024 319,676 Total 1,232,075 104,558 1042 1,337,675 Percent of T o t a l 92.10# 7.82> .08f, Bank Business 1,232,075 words or 92.18^ Treasury Dept. 104.558 " " 7.82^ TOTAL 1,336,633 FEDERAL RESERVE BOARD, Washington, D. C, August 14, 1924. " " 100.OOf (*) These p e r c e n t a g e s used i n c a l c u l a t i n g t h e pro r a t a share of l e a s e d w i r e expenses a s shown on t h e accompanying statement ( 4 l 3 2-b) . REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIRE SYSTEM, JULY, 1924, Name of Bank Operators' Operators' Salaries Overtime Boston $ 250.00 New York 1,549.98 200.00 Philadelphia 440.00 Cleveland Richmond 315,00 Atlanta 255.00 Chicago (#)4,807.79 S t . Louis 225.00 Minneapoli s, 298.33 Kansas City 373.79 Dallas 251.00 San F r a n c i s c o 38O.OO Fed. Res, Board TOTAL $9,3^5*89 $ Wire Rental - - 4.00 - - $16,999.30 $ 4.00 Total Expense $ - $16,999.30 250.OO $ 1,549.98 200,00 440.00 315.00 255.00 4,811,79 225.00 298.33 373-79 251,00 380.00 16,999.30 $26,349.19 (a)l.715,0Q $24,634.10 (#) I n c l u d e s s a l a r i e s of Washington o p e r a t o r s . (*) C r e d i t , ( a ) Received $15.09 from War Finance Corp, and $1700.00 from T r e a s . Dept. covering b u s i n e s s f o r month of J u l y , 1924, (&) Amount r e i m b u r s a b l e t o Chicago, FEDERAL RESERVE BOARD, Washington, D. C» August 14, 1924. Pro Rata Share of To t a l Expense 803.07 4,916.97 1,133.17 1,921.46 1,583-97 1,813.07 3.025.07 1,973.19 1,147.95 1,960.87 1,522.39 2,832.92 $24,634.10 X-4l32-b Credits $ Payable t< Federal Reserve Board 250.00 $ 553.07 l;549.98 3,366.99 200.00 933.17 440.00 1,481.46 1,268.97 315.00 255.00 1,558.07 4,811.79 <*)1,786.72 225.00 1,748.19 849.62 298.33 1,587.08 373.79 251.OO 1,271.39 380.00 2,452.92 $9,349.89 $17,070.93 U ) 1.786.72 $15,284.21
@FedFRASER