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64

FEDERAL RESERVE BOARD
WASHINGTON
address official correspondence t o
the federal reserve board




X-636U
August 22, 1929.

SUBJECT:

Exoense, Main Line, Leased Wire System,
July, 1929.

Dear Sir:
Enclosed herewith you will find two mimeograph statements, X-6364-a and X-6364-t>, covering in
detail operations of the main line, leased Wire System, during the month of July, 1929Please 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.
Very truly yours,

Fiscal Agent.

Enclosures.
TO GOVERNORS OF ALL F. R. B A M S EXCEPT CHICAGO.

in

REPORT SHOWING- CLASSIFICATISF «rU WI-SS5 Cffi1 1SOBDS TRAFSI'IMED OVER "AH! LIKE
OF THE FEDERAL RESERVE LEASED '"IRE SYSTEM FOR THE MONTH OF JULY, 1929.
X-6364-a

From

Business
reported
by
"banks

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Total

. 31,825
167,708
36,907
94,901
60,029
72,534
128,987
82,906
37,595
85,850
73,770
112.480
985,492

Words sent by
New York chargeable to other
F. R. Banks (l)

F. R. Board business . . . . . . . . .

-TTet Federal
Reserve
Bank
business

579

32,704
167,708
37,637
96,046
60,910
76,754
129,845
83,260
38,588
86,258
80,684
114.757
1,005,151

-

730
1,145
881
4,220
353
354
993
408
6,914
2.277
19,659
.

.

Percent of to tal
bank business(*)

3.25
16.68
3.74
9.56
6.06
7.64
12.92
8.28
3.84
8.5s
8.03
11,42
100.00

273.#5%

Treasury Department business - Incoming and "Outgoing
Total words transmitted over main lines . . . - -

90,431
.

(*) These percentages used in calculating the pro rata share of leased wire expense as shown
on the accompanying statement £x-6364-b)
(l) Number of fiords sent by New York to other F. R. Jlanks for their sole benefit charged to
banks indicated in accordance aSiih action taken at Governors1 Conference
November 2 - 4 , 1925.




1,278,805

1,369,236

o
CO

•
REPORT OF EXPENSE MAIN LINE
FEDERAL RESERVE LEASED WIRE SYSTEM, JULY, 1929.

Operators1
Salaries

Name of Bank

$ 260.00
1,111.59
225.00
296.66
190u00
270.00
4,240.78 (#)
227.11
197.54
€87.50
251.00
380.00

$

$7,937.16

1.00
1.00
•

-

—

-

—

1

I

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Federal Reserve
Total

Operators'
Overtime

*2.00

Tire
Rental

Total
Expenses

Pro Rata
Share of
Total
Expenses

X-6364-b
Payable to
Federal
Reseaote
Credits Board

$ -

$ 261.00
$ 261.00 $
460.08
$ 721.08
3,700.82
1,112.59
2,588.23
1,112.59
604.80
225.00
225.00
829.80
—
296.66
2,121.09
296.66
1,824.43
230.00(&)
420.0*0
420.00
1,344.54
924.54
270.00
270.00
1,425.10
1,695.10
—
4,240.78
2,866.58 4,240.78
1,374.20 (*)
227.11
227.11
1,837.10
1,609.99
654.45
197.54
851.99
197.54
1,616.16
287.50
1,903.66
267.50
251.00
251.00
1,781.63
1,530.63
380.00
380.00
2,153-78
2,533.76
—
—
.15,536.96,. , . 15.586.46
H5.8l6.96
$23,756.14 *22,187.17 *8,169.18 *15,392.19
1.568.97 (a)
1.374.20 (b)
$22,187.17
$14,017.99
-

(&) Main line rental, Richmond-Washington.
(#) Includes salaries of Washington operators.
(*) Credit.
(a) Received $1,568.97 from Treasury Department covering "business for the month of July, 1929.

(b) Amount reimbursable to Chicago.