Full text of Mimeograph Letters and Statements of the Board : Letter From the Fiscal Agent re Expense of Main Line, Leased Wire System, July, 1937, Number R-49, Volume 47, Page 96

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96
BOARD OF G O V E R N O R S

R-49

OF THE

FEDERAL RESERVE SYSTEM
WASHINGTON
a d d r e s s

August 15, 1937.

Dear Sir:
There is attached a copy of the report of expenses of the main lines of the
Federal Reserve Leased Wire System for the
month of July, 1937.
Please credit the amount payable by
your bank to the Board, as shown in the last
column of the statement, to the Federal Reserve Bank of Richmond in your daily statement of credits through the Inter-District
Settlement Fund for the account of the Board
of Governors of the Federal Reserve System,
and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the
credit.
Very truly yours,

0. E. Foulk,
Fiscal Agent.

Inclosure.

TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS

o f f i c i a l c o r r e s p o n d e n c e
t o t h e b o a r d

R-49-a
REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE
LEASED WIRE SYSTEM FOR THE MONTH OF JULY, 1937

Federal
Reserve
Bank

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

Number
of
words
sent

Words sent
by N. Y.
chargeable
to other
F.R. Banks

38,,271
138 j,785
33j,236
46,,584
60,,588
63,,145
84,,195
74,,444
27,,803
64,,402
59,,000
85,,956

1,,603

477,,608
1,254,,017

— —

1,,632
1,,665
1,,685
1,,564
1),884
1,,567
1,,557
1,,659
lj,558
1,,664
—

18,,038

Total
words
chargeable

39,874
138,785
34,868
48,249
62,273
64,709
86,079
76,Oil
29, 360
66,061
60, 558
87, 620

Personal
services(l)

I

251 .78
994 .67
236 .61
259 .82
195 .70
276 .07
1,247 .30
188 .13
184 .82
259 .18
267 .55
473 .04

477, 608

2,261 .80

1,272,055

#7,096 .47

Wire
rental

$

—

$

— —
—
—
—
'•

1

— —
— —
— —
— —
•

Total
expenses

"

—

14,338.47

251.78
994. 67
236. 61
259. 82
195.70
276.07
1,247. 30
188. 13
184.82
259.18
267. 55
473.04

Pro rata
share of
total expenses (2)

#

671 .90
2, 338 .62
587 .55
813 .03
1,049 .34
1,090 .39
1,450 .49
1,280 .83
494 .73
1,113 .17
1,020 .44
1,476 .45

Credits

$

251 .78
994 .67
236 .61
259 .82
195 .70
276 .07
1,247 .30
188 .13
184 .82
259 .18
267 .55
473 .04

16,600.27

8,048 .00

16,600 .27

#14,338.47 #21,434.94

$21, 434 .94

$21,434 .94

Payable
to
Board
of Gov—
ernors
$

420 .12
1,343 .95
350 .94
553 .21
853 .64
814 .32
203 .19
1,092 .70
309 .91
853 .99
752 .89
1,003 .41
—

#8,552 .27

(1) Includes salaries of main line operators and of clerical help engaged in work on main line business, such as
counting the number of words in messages; also, overtime and supper money and Retirement System contributions
at the current service rate.
(2) Based on cost per word ($.016850639) for business handled during the month.




$