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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-4927 Aug. 16, 1927. Su:BJECT: Expense, Main Line, Leased Wire System, July, 1927. Dear Sir: Enclosed herewith you will find two mimeograph statements, X-4927-a and X-4927-b, covering in detail operations of the main line, Leased Wire System, duri_ng the month of July, 1927. Please credit the amount payable by your bank in the general account, Treasurer, U. S., on your books, and issue C/D Form 1, National Banks, for account of "Salaries and Expenses, Federal Reserve Board, Special Fund", Leased Wire System, sending duplicate C/D to the Federal Reserve Board. Yours very troly, Jiscal .Agent. Enclosures. TO GOVERNORS OF .ALL F.• R. BA-NKS EXCEPT CHICAGO. X-4927-a -REPORT SHOWING CLASSIFICATION .AND NUMBER OF WOIIDS TRAnSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF JULY, 1927. Bu.sinoss repo.rtod by banks From Words sent by Now York chargeable to other F. R. Banks(l) Total Treasury War Finance Not Federal Department Corporation Reserve Bank Business Business Business 2,5115 Boston 34,n4s 36,366 3,989 6,447 131,520 York 131~520 Philadelphia. 3.360 41,432 2,539 3o,S93 Clovela.nd 70,36g 3,390 74,805 3.563 4,121 nicbmond -44,617 46,930 3,515 4,117 62,320 Atlanta 56,563 5.757 102.,141 4,071 Chicn.go 106,212 5.673 78,322 4,219 St. Louis 3,929 74,S93 Minneapolis 34,666 3,390 30,576 2,349 52,312 5,236 Kansas City ]S" 329 3.9Sa D3.llas 6,13 66,964 2,650 60,330 ·1 . .04, 416 S_:.t;} ]'ranct_sco 4.069 =~-=-¥-z-'7=---~~Y-------=1~0~15 485_____2~.~05 -----44,574 Total 3}~441 8[1,315 51,650 Boo.rd 319,370 49.100 1,200,535 100,830 Hew I 1oo.oo% 32,377 125,073 33,072 74,473 45,123 515,203 100,539 74,603 36,227 77' 576 64,314 102,~30 Per cent of total bank Business ( *) 3.96 15.07 4.59 3.93 5.44 7.02 12.12 3.99 4.37 9·35 7·75 12.36 100.00 s.4o% (*) These percentages used in calculating tho pro rata share of leased wire expense as shown on the accompanying statement (X-4927-b). (1) Number of words sent by New York to other F. R. Banks for their sole benefit charged to banks indicated in accordance with action taken at Governors' Conference November 2- 4, 1925· ~-~:~-~ ,c, ,..._ ·-~.J . e._J ·, x-4927-b REPORT OF EXPENSE MAIN LINE FEDERAL :RESERVE LEASED WIRE SYSTEM, JULY, Wire Opera. tors t Salaries Name of :Sank Opern:tors' Overtime .Rental Total Expenses · :$15·.,35·2. ~u 1,130-97 225.00 296.66 232.00 270.00 4,249.51 217 .oo 206.86 275.64 251.00 370.00 15.352.38 $260~00 ~260.00 :Boston 'New York · Phila.ddphia Cleveland Richmond AtlDnta Chicago St~Louis Minneapolis Kansas City Dallas San Jra.nci sco Federal Resorve Board Total 1,130.97 225.00 296.66 232.00 270.00 4,249.51(=1/:) 217.00 206.s6 275--64 251.00 370.00 $7,964.64 1927 Pro .Rata Share of Total Expenses Credits $S46.56 3,221.62 9ol.24 1,919-72 1,162.95 1,500.71 2,590.98 1,921.85 934.21 1,998.81 1,656.77 2,642.28 $260.00 1,130,97 225.00 296.66 232.00 270.00 4,249.51 217.00 206.86 275.64 251.00 370.00 $15,352.63 $23,337·52 $21,377·70 1 1 95C}.S2(a) $21,377-70 $7.934.64 (&) Includes $204.. 67 for branch line business over main line circuit. (I) Includes salurios of Washington operators. (•) Credit (a) Received $1,959.g2 from the Treasury.Department covering business for the month of July, 1927 (b) Amount reimbursable to Chicago. \ .. . Payable to Federal Reserve Board· $586.56 2,090.65 756.24 1,623 •.o6 1 ,135.62(&) 1,23Q. 71 1 ,658.53( •) 1,704.85 727-35 1, 723.17 1,4o5.77 2,272.26 $15, 256· •.26 l,65S~b) $13,597.73 .
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