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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O THE FEDERAL RESERVE BOARD X-7962 July 14, 1934 SUBJECT: Expense, Main Lines, Leased Wire System, June, 1934, Dear Sir; Inclosed herewith you w i l l find two mimeographed statements, X-7962-a and X-7962-b, covering i n d e t a i l operations of the main l i n e s , Leased Wire System, during the month of June, 1934. Please credit the amount payable by your bank f o r your share of the expense of the Leased Wire System, to the Federal Reserve Bank of Richmond i n your daily statement of credits through the Gold Settlement Fund for the account of the Federal Reserve Board, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the c r e d i t , Very t r u l y yours, Fiscal Agent Inclosures. TO GOVERNORS OF ALL F. R. BANKS < REPORT SE:~r^7 CLASSIFICATION AND NUMBER QP WORDS TRANSMITTED OVER 1L4I2T LIEES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF JUNE, 1934. Business reported by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total 32,444 157,110 29,971 53,930 54,462 53,542 91,686 67,476 34,596 72,276 57,866 90,299 795,678 Words sent by New York chargeable to other F. R. Banks ( l ) 1,5H — 1,691 1,679 1,805 1,738 2,448 2,091 1,756 1,683 2,666 3,315 22,383 F. R. Board "business Reimbursable business Incoming & Outgoing Net Federal reserve bank business 33,955 157,110 31,662 . 55,609 56,287 55,280 94,134 69,567 36,352 73,959 60,532 93,614 818,061 407,518 . . . . . . . . . . . . . . . Total words transmitted over main l i n e s (*) These percentages used in calculating the pro rata share of leased wire expense as shown on the accompanying statement (X-7962-b), (1) Sumber of words sent by New York to other F. R. Banks for their s o l e b e n e f i t charged to banks indicated in accordance with action taken at Governors' Conference November 2-4, 1925. X-79b2-a Per cent of t o t a l Bank business (*) 4.15 19.21 3.87 6.80 6.88 6.76 11.51 8.50 4.44 9.04 7.4o 11.44 100.00 1,225,579 782,986 2,008,565 X-7962-b REPORT 07 EXPENSE Mil" LIKES INDERAL BE SERVE LEASED WIRE SYSTEM, JUEB, 193%. Name of Bank Operators' salaries Retirement Contributions Wire rental $ - $ ~ 5.00 - — - - .75 — —• - — O ro —-4 1 Boston $260.00 $ 23.40 Hew York 121.12 l,3%5-80 Philadelphia 225.00 20.25 Cleveland 306.66 27.60 Richmond 262.00 17.10 Atlanta 270.00 24.30 Chicago %,467.60(f) 375.75 St. Louis 195.00 17.55 Minneapolis 18.01 200.07 Kansas City 287.00 25.83 Dallas 251.OO 22.59 San Francisco 380.00 34.20 Federal Beserve Bd. Total $8,450.13 $ Ooerators' overtime $ 5.75 Less Reimbursable Charges: (&) (#) (*) (a) Main l i n e r e n t a l , Bichmond-Wiashington Includes s a l a r i e s of Washington operators Credit Amount reimbursable to Chicago Total expenses $283.40 1,471.92 245.25 — 334.26 230.000&) 509.10 — 294.30 4,843.35 213.30 218.08 312.83 — 273.59 4l4.20 15,765.56 15,765.56 $25,179.14 $15,995.56 - 9,815.42 $15,363.72 Pro rata share of total expenses $637.59 2,951.37 594.58 1,044.73 1,057.02 1,038.59 1,768.36 1,305.92 682.15 1,388.88 1,136.92 1,757.61 — $15,363.72 Credit s Payable to Federal Reserve Board $283.40 1,471.92 245.25 334.26 509.10 294.30 4,843.35 213.30 218.08 312.83 273.59 4I4.20 $354.19 1,479.45 349.33 7IO.47 5%7.92 744.29 3,074.99(*) 1,092.62 464.07 1,076.05 863.33 1,343.41 mm $ 9,413.58 $9,025.13 3,074.99(a) $5,950.14
@FedFRASER