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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD X-6579 A p r i l 2 6 , 193O. SUBJECT: Expense, Main Line, l e a s e d Wire System, March, 1930. Dear Sir: Enclosed, herewith you w i l l f i n d two mimeograph statements > X-6579~ a ahd X-6579-i/b> covering in d e t a i l operations of the mala l i n e , teased Wire System, during the month of March, 1930* Please c r e d i t the amount payable "by your bank i n the general account, Treasurer, U. S . , on your books, and i s s u e C/h Form 1, n a t i o n a l Banks, f o r account of "Salaries and Expenses, Federal Reserve Board r Special Fund", Leased Wire System, sending duplicate C/D to the Federal Reserve Board. Very t r u l y yours, F i s c a l Agent. Enclosures. t TO GOVERNORS OF ALL F. Rk BANKS EXCEPT CHICAGO. 4.04 x-6579-a REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF MARCH, 1930. Business reported "by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total . Words sent by New York chargeable to other F, R. Banks ( l ) 30,422 165,121 35,163 87,034 57,961 65,435 119,222 83,374 35,172 84,539 70,111 117,405 950,957 Net Federal Reserve Bank business 2,207 32,629 165,121 37,497 90,107 60,893 72,145 122,647 86,523 38,382 87,563 80,064 122,065 995,634 - 2,334 3,073 2,932 6,710 3,425 3,149 3,210 3,024 9,953 4,660 44,677 F. R. Board "business Percent of total bank business(*) 3.28 16.58 3.77 9.05 6.12 7.25 12.32 8.69 3-85 8.79 8.04 12.26 100.00 275>572 1,269.206 Treasury Department business - Incoming and Outgoing . . 302,895 Total words transmitted over main l i n e s - . . < (.*) These percentages used in c a l c u l a t i n g the pro r a t a share of leased wire expense as shown on the accompanying statement (X-6579 - ^) CD Number of words sent by New York to other F. R. Banks for their sole benefit charged to banks indicated in accordance with action taken at Governors' Conference November 2 - 4 , 1925. 1,572,099 Cn x-6579-t REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASH) WIRE SYSTEM, MARCH, 1930, Name of "bank Operators1 Salaries $ 260.00 Boston 1,037-46 New York 225.00 "Philadelphia 306.66 Cleveland 190.00 Richmond 270.00 Atlanta (#) 4,053.35 Chicago 195.00 St. Louis 200.00 Minneapolis 257.50 Kansas City 251.00 Dallas 380.00 San Francisco Federal Reserve Board * Total $7,655-97 Operators1 Overtime Wire Rental $ $ 2.00 $2.00 - Total Exnenses Pro Rata Share of Total Expenses $ 260.00 $ 1,037-46 225.00 306.66 230.00(a) 420.00 270.00 4,053.35 197.00 200.00 287.50 251.OO 380.00 15,657.39 15,657.39 $15,887.39 ' 623.49 3,151.68 716.64 1,720.31 1,163.35 1,378.15 2,341.90 1,651.87 731-84 1,670.88 1,528.32 2,330.49 $23,545.36 $19,008.92 4.536.44(a)- $19,008.92 Credits Payable to Federal Reserve Board 260.00$ 1,037-46 225.00 306.66 420.00 270.00 4,053.35 197.00 200.00 287.50 251.00 . 380.00 363.49 2,114.22 491.64 1,413.65 743.35 1,108.15 1,711.45 (*) 1,454.87 531-84 1,383.38 1,277.32 1,950.49 $7,887.97 $12,832.40 1,711.45 (b) $11,120.95 (&) Main line rental, Richmond-Washington. (#) Includes salaries of Washii^ton operators. (*) Credit. (a) Received $4,536.44 from Treasury Department covering business for the month of March, 1930. (b) Amount reimbursable to Chicago. ^ O
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