The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE B O A R D WASHINGTON address official correspondence t o the federal reserve board X-7566 August 29, 1933. SUBJECT: Expense, Main Lines, Leased Wire System, July, 1933 • Dear Sir: Inclosed herewith you will find two mimeographed statements, X-7566-a and X-75&6-b, covering in detail operations of the main lines, Leased Wire System, during the month of July, 1933* Please credit the amount payable "by your bank for your share of the expense of the Leased Wire System, to the Federal He serve Bank of Richmond in the transit clearing, for the account of the Federal Reserve Board, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the credit. Very truly yours, Fiscal Agent, Inclosures, •TO GOVERNORS OF ALL F, R. BASKS. X-7566-a REPORT SH0WI17G CLASSIFICATION AH) MTMBER CF '70HDS TRANSMITTED OVER MAIM LIEES 05* THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MOSTTH OF JULY, 1933. Business reported by banks From Boston ITew York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total 37,603 160,337 34,189 52,745 58,015 55,624 85,383 62,267 30,831 69,833 57,582 86,827 791,236 Words sent by Hew York chargeable to other F. R. Banks (1) 1,830 — 2,015 1,960 1,809 1,793 2,109 2,015 1,845 1,798 3,221 3,852 24,247 F. R. Board "business ITet Federal reserve bank business 39,433 160,337 36,204 54,705 59,824 57,417 87,492 64,282 32,676 71,631 60,803 90,679 815,483 Percent of total bank business (*) 4.83 19.66 4.44 6.71 7.34 7.04 10.73 7.88 4.01 8.78 7.46 11.12 100.00 314,853 Reimbursable "business Incoming and Outgoing Total words transmitted over main lines . . . . . . (*) 1,130,336 480,911 1,611,247 These percentages used in calculating the pro rata share of leased wire expense as shown on the accompanying statement (X-7566-b). (l) Number of words sent by Hew 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, I925. qq 00 X-75b0-b REPORT OF EXF5T3E l-AIl' li:"ES FEDERAL RESERVE LEASED WISE SYSTEM, JULY, 1933. Uaire of Bank Operators' salaries Operators' overtime Boston $260.00 $1.00 1,284.14 ITew York 3.00 Philadelphia 225.00 Cleveland 306.66 Richmond 175.00 Atlanta 243.00 Chicago 4,086.87 (#) 14.50 St. Louis 195.00 Minneapolis 211.24 Kansas City 287.00 Dallas 251.00 San Francisco 380.00 Federal Reserve .Board Total $7,904.91 $18.50 Wire rental $ $261.00 1,287.14 225.00 306.66 230.00 (&) 405.00 243.00 4,101.37 195.00 211.24 287.00 251.00 —• 380.00 15,637.45 15,637.45 $15,867.45 $23,790.86 Heirrbursable charges: Treasury Denartrrent $2,737*18 Reconstruction Finance Corporation . 3,808.39 Exp. I7at. Bkg. Emergency Act, 3-9-33 413.27 Federal Hoire Loan Bank Board . . . . 4.90 Agriculture Dept. Disbursing Clerk . 3*51 Comp. Currency, Div. Insolv. Uat.Bks 61.40 Farm Credit Administration: Federal Farm Loan Bureau . . . . . 24.13 Federal Farm Board . . . . . . . . 47.81 Less: Reimbursable charges. (&) Main line rental, Richmond-Washington. (f) Includes salaries of Washington operators. (*) Credit. (a) Arrount reimbursable to Chicago. Total expenses - $7>100.89 $16,689.97 Pro rata share of tot al expenses $806.13 3,281.25 741.04 1,119.90 1,225.04 1,174.97 1,790.83 1,315.17 669.27 1,465.38 1,245.07 1,855-92 Credits $261.00 1,287.14 225.00 306.66 405.00 243.00 4,101.37 195.00 211.24 287.00 251.00 380.00 — $16,689.97 $8,153.41 Payable to Federal Reserve Board $545.13 1,994.11 516.04 813.24 820.04 931.97 2,310.54 (*) 1,120.17 458.03 1,178.38 994.07 1,475.92 — $10,547.10 2,310.54 (a) $ 8,536.56 k0"
@FedFRASER