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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL. CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD X-6297 A p r i l 24, 1929. SUBJECT: Expense, Main Line, Leased Wire System, March, 1929. Dear S i r : Enclosed herewith you w i l l f i n d two mimeograph statements X-6297-a and X6297-1), covering i n d e t a i l o p e r a t i o n s of the main l i n e , Leased Wire System, during the month of March, 1929. P l e a s e c r e d i t the amount payable "by your hank i n the general account, Treasu r e r , U. 5 . , on your books, and i s s u e C/D Form 1, National Banks, f o r account of " S a l a r i e s and Expenses, Federal Reserve Board, S p e c i a l Fund", Leased Wire System, sending d u p l i c a t e C/D to the Federal Reserve Board. Yours very t r u l y , F i s c a l Agent. Enclosures. TO GO VERMES OF ALL F . R. BAMS EXCEPT CHICAGO. 376 REPORT SHCHitG CLASSIFICATION AND MJKBER OF WORDS TRANSMITTED OVER MAIN LIES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MOUTH OF MARCH, 1929. X-6297-a Business reported by banks From Boston New Yoik Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas San F r a n c i s c o Total F. R. Net F e d e r a l Reserve Bank business 790 29,777. 168,700 57.898 65,580 118,187 84,436 34,470 81,454 79,250 711 2,185 2,211 35,956 94,827 60,109 6,317 776 2,456 71.697 110.061 9,193 2.216 86,892 37,060 83.567 88,443 112.277 957,700 31.558 589,258 Board business words . transmitted over main l i n e s 6.08 7.27 12.02 8.78 . . 3.75 8.45 8.94 11.35 100.00 240.512 . . . . ^ (*) These percentages used in c a l c u l a t i n g the nro rata share of o n t h e a c c o m p a n y i n g s t a t e m e n t (X-«6297—h). fl) Jfamber o f 3.09 17.05 3.63 9.59 118,963 2.590 2,113 Incoming and Outgoing P e r c e n t of t o t a l bank b u s i n e s s ( * ) 30,567 168,700 - 35,245 92,642 Treasury Deoartment "business Total Words s e n t by New York c h a r g e a b l e t o other F . R. Banks ( l ) . . 1,229,770 . . . . . . . . . . . . . . . leased wire expense as w o r d s s e n t t o Hew Y o r k b y o t h e r F . R . B a n k s f o r t h e i r s o l e "banks i n d i c a t e d i n a c c o r d a n c e w i t h a c t i o n t a k e n a t November 2 - 4 , 1 9 2 5 . . . . . . . . . . . 173.097 1,402,867 shown b e n e f i t charged to Governors' Conference 05 REPORT OF EXPENSE MAIN LINE lEEERAL EE SERVE LEASED IE BE SYSTEM, MARCH, 1929. Name of Bank Operators' Salaries $ 260.00 Boston 1,204.12 New Toric Philadelphia 225.00 296.66 Cleveland 190,00 Richmond Atlanta 27O.OO Chicago 3,970.26 20^.00 St. Louis Minneapolis 183.66 Kansas City 287-50 Dallas 251.00 San Francisco 380.00 Federal Reserve Board — Total $7,723.20 Operators' Overtime $ - Wire Rental $ Total Expenses $ 225.00 (#> 270.00 3,970.26 206.00 1.00 Credits Payable to Federal Deserve Board 637.68 ,518.60 749.12 1 ,979-08 $ 260.00 1,204.12 225.00 296.66 1 ,254.73 420.00 834.73 $7,954.20 $14,172.44 260.00 $ 1,204.12 3 296.66 420.00 230.00(6) Pro rata Share of Total Expenses X-6297-b 1 ,500.31 2 ,480.56 1 ,811.92 183.66 287.50 251.00 1 ,743-82 1,844.94 380.00 2,342.29 773.89 .$ 270.00 1,230.31 3,970.26 . 1,489-70 (*) 206.00 1,605.92 183-66 590.23 287-50 1,456.32 251.00 1,593.94 380.00 1,962.29 -15.5S7.51 1.00 $15,317.51 $23,541.71 $20,636.94 2,904.77(a) 1,489.7p(t) A (&) (#) (*) (a) (b) 377.68 2,314.4s 524.12 1,682.42 $20,636.94 $12,682.74 Main Line Rental, Richmond—Washington. Includes s a l a r i e s of Washington operators. Credit. Received $2,904.77 from Treasury Department covering "business f o r the month of March, 1929. Amount reimbursable to Chicago. 05
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