Full text of Mimeograph Letters and Statements of the Board : Letter From the Fiscal Agent re Expense of Main Line, Leased Wire System, June, 1938, Number R-277, Volume 49, Page 11

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R P77

BOARD OF GOVERNORS
DFTHE

FEDERAL RESERVE SYSTEM

11

WASHINGTON
ADDRESS
Si"




July 15, 1958.

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 June, 1938.
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
EXCEPT RICHMOND

OFFICIAL C O R R E S P O N D E N C E
TO T H E BOARD

12

R-277-a

REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE
LEASED WIRE SYSTEM FOR THE MONTH OF JUNE. 1958

Number
of Words
Sent

Federal
Reserve
Bank

Total
Words
Chargeable

Pro Rata
Share of
Total Expenses (1)
$

Payable
to
Board
of Governors

297.32
1,076.68
256.35
267.73

$ 289.89
500.81
239.09
467.22

1,890
1,918
1,943

44,694
120,067
37,709
55,939

Richmond
Atlanta
Chicago
St. Louis

48,529
68,767
92,229
75,229

1,892
1,850
2,137
1,867

50,421
70,617
94,366
77,096

662.45
927.80
1,239.82
1,012.92

198.57
345.99
1,194.33
247.61

463.88
581.81
45.49
765.31

Minneapolis
Kansas City
Dallas
San Francisco

34,304
69,983
63,220
90,118

1,839
1,869
1,848
2,056

36,143
71,852
65,068
92,174

474.86
944.02
854.89
1,211.02

178.82
259.18
279.72
385.26

296.04
684.84
575.17
825.76

521,734

6,854.76

12,590.07

1,337,880

$17,577.63

$17,577.63

Board of
Governors
Total

(1)

521,734
1,316,771

*

• •• •

21,109

5I

Expenses
Paid
lay Banks
and
Board(2)

42,804
120,067
35,791
53,996

Boston
New York
Philadelphia
Cleveland

"

Words Sent
by N. Y.
Chargeable
to Other
F.R. Banks

587.21
1,577.49
495.44
734.95

— *

$5,735.31

Based on cost per word ($.01313842) for business handled during the month.

(2) Payments fcy banks are for personal services and supplies and payments by
Board are for personal services and supplies ($1,581.38) and wire rental
($11,008.69). 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.