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FEDERAL RESERVE BOARD
WASHINGTON
:•
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD
July 21, 1927.
SUBJECT:
Expense, Main Line, Leased Wire System,
June, 1927.
Dear Sir:
Enclosed herewith you wili find two mUneograph statements, X-4905-a and X-4905-b, covering in
detail operations of the main line, Leased Wire System, during the month of June, 1927.
Please credit the amount PS\Yable 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 lUnd 11 , LeaJ:led Wire System, sending duplicate C/D to the Federal Reserve Board.
Yours very tzuly,
Fiscal Agent.
!inclosures.
TO GOVE...tmORS OF ALL F. R, BJNXS EXCEPT CHICAGO.
X-4905
64.
•
•
X-4905-a
REPORT SHOWING CLASSIFICATIOn _t\N.D NUMBER OF WORDS TRANSMITTED OVER MAIN LIUE
OF THE FEDER..4L BESERVE LEASED WIRE SYSTEM :FOR THE MONTH OF JUlm, 1927.
:Business
reported
by banks
From
:Boston
How York
Philadelphia
Cleveland
Ricb.mond
AUanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
Sen J'c~~·nei sco
-----·4-'~·
33,511
156,153
46,059
32,423
46,677
63,509
113,995
82,703
36,366
79,953
63,245
113,134
Total
922,773
F. R. :Board
Total
Per cent of total
(*) These
Words sent
by :t-Tew York
chargeable
to other
F. R. Banks( 1)
2,370
a,202
3,317
4,093
5,351
3,998
3,953
3,905
4,061
6,777
4,4o4
44,936
Total
40,351
156,153
43,261
35,740
50,770
69,360
117,993
36,661
4o, 271
34,014
70,022
117,535
Treasury
Department
Business
6,903
14,463
6,637
7,371
7,199
10,199
10,331
3,04o
4,962
8,113
5,711
War Finance Net Federal Per cent of
Corporation Reserve Bank total bank
Business(*)
Business
Business
28
11.631
967' 714
4l9z251
102,612
1,337,271
1oo.oo%
243.536
17.56%
ll-k')~}±
32
33,978
141,636
41,624
77,869
43,571
59,161
107,112
78,621
35,281
75,901
64,311
105,952
3.93
16.37
4.51
9.oo
5.04
6.54
12.33
9.09
4.08
8.77
7.44
12,25
865,020
273.283
100.00
~rcentages
accom~anying
used in calculating the pro rata share of leased wire expense as Shown on the
statement (X-4905-b).
(1) Number of words sent by New York to other F. R. :Bariks for their sole benefit charged to banks
indicated in accordance with action taken at Governors' Conference November 2 - 4; 1925.
.
v
•
•
x..q.3c _:- b
REPORT OF EXPENSE MAIN LINE
FEDERAL RESERVE LEASED WIRE SYSTEM, JUNE,
Name
of Bank
Boston
York
Philadelphia
Clevelar...d
Ric[l..mond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dalle.s
San Fl'ancisco
Federal Reserve Board
New
Total
Operators'
Salaries
$ 260.00
.1,02).14
225.00
296.66
190.00
270.00
4,036.59(#)
337.00
265.53
275.64
251.00
370.00
_ _ __
Operators'
Overtime
Wire
Rental
1.00
·75
$15.359.83
$1.75
$15,359.53
1927
Total
Expenses
260.00
1,020.14
225.00
296.66
190.00
270.00
4,037-59
337.00
265.S3
275.64
251.75
370.00
15,359.83
Pro Rata
Share of
Total
Expenses
Credits
Payable to
Federal
Reserve
Board
490.28
2,105.08
693.28
1,421.54
976.36(&)
1,035.54
1,674.11(*)
1,3915.39
513.09
1,395.65
1,165.63
1,96S.67
$
$
750.28
3,125.22
918.25
1,715.20
962.19
1,305.S4
2,363.48
1,735-39
775.92
1,674.29
1,420.38
2,335.67
$ 260.00
1,020.14
225.00
296.66
190.00
270.00
4,037·59
337.00
265.83
275.64
251.75
370.00
$
$23, 1~9.!+4
~_Q.f~i ._lQ (a)
$19,091.14
$7,799.61
$13,170.31
1 1 614.ll(b)
$11,496.20
$19,091.14
{&) Includes $204.67 for branch line business over main line cirauit.
{#) Includes salaries of Washington operators.
(*) Credit
(a) Received $4,066.48 from Treasury Department and $1.52 from War Finance Corporation covering business for the
month of June, 1927.
(b) Amount reimbursable to Chicago.
@FedFRASER