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R-521 BOARD OF GOVERNORS 59 OF THE FEDERAL RESERVE SYSTEM WASHINGTON A D D R E S S OFFICIAL C O R R U P O N D I N C t TO THE BOARD August 15, 1939 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, 1939. Please credit the amount payable ty 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 Interdistrict 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. Enclosure. TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND 60 R-5 21—SL REPORT OF EXPENSES OF MAIM LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF JULY. 1959 Words Sent by N. Y. Chargeable to Other F.R. Banks Total Pro Rata Paid Payable to Number of Words Sent Boston New York Philadelphia Cleveland 23,379 62,533 18,610 43,236 423 423 23,802 $ 539.53 1 277.82 |j! 261.71 62,533 1,417.45 1,048.63 368.82 19,033 431.43 242.70 188.73 43,659 989.63 360.12 629.51 Richmond Atlanta Chicago St. Louis 29,133 42,030 62,262 46,440 433 420 823 432 29,566 42,450 63,085 46,872 670.18 962.22 1,429.96 1,062.46 191.79 238.90 1,367.85 296.36 478.39 723.32 62.11 766.10 Minneapolis Kansas City Dallas San Francisco 20,615 49,470 39,824 46,370 420 432 458 449 21,035 49,902 40,282 • 46,819 476.80 1,131.14 913.08 1,061.26 187.13 259.21 271.77 369.34 289.67 871.93 641.31 691.92 235,120 5,329.52 11,303.04 Board of Governors 235,120 Total 719,022 423 — — 5,136 Words charep ablf share of Total Fx penses(l)" Expenses Federal Reserve Bank by Banks ^ Board (2) Board of Governors — 724,158 $16,414.66 $16,414.66 $5,973.52 (1) Based on cost per word ($.022667236) for business handled during the month. (2) Payments by banks are for personal services and supplies and payments by Board are for personal services and supplies ($1,579.52) and wire rental ($9,723.52). Personal services include 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.
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