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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O THE FEDERAL RESERVE BOARD X-6862 April 15, 1931. SUBJECT; Expense, Main Line, Leased Wire System, March, 1931. Dear S i r ; Enclosed herewith you w i l l find two mimeographed statements, X-6862-a and X-6862-b, covering in d e t a i l operations of the main l i n e , Leased Wire System, during the month of March, 1931• P l e a s e c r e d i t the amount payable by your bank in the general account, Treasurer, U. S . , 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, Special Fund", Leased Wire System, sending d u p l i c a t e c/D to the Federal Reserve Board. Very t r u l y y s u r s , F i s c a l Agent. Enclosures. TO GOVERNORS OF ALL F. R. BANKS EXCEPT CHICAGO. X—6862—s. REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF MARCH, 1931. Business' reported by banks From Boston New York 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 Words sent by New York c h a r g e a b l e to o t h e r F. R. Banks ( l ) 27,657 128,937 32,329 76,057 57,191 57,776 102,338 72,663 30,586 78,479 62,017 9b.885 822,915 F. R. Board b u s i n e s s . . . . . . . . . 3,147 ~ 1,391 2,703 1,851 8,801 3,491 2,648 3,370 2,323 11,696 4,12] ?5,5% , , . . Net F e d e r a l reserve bank business ' P e r c e n t of t o t a l bank b u s i n e s s (*) 30,804 128,937 33,720 78,760 59,042 66,577 105,829 75,3H 33,95^ 80,802 73,713 101.012 8 6 8 , 4 6 3 1 0 0 . 3.55 lU.85 3.88 9.07 6.80 7.67 12.18 8.b7 3*91 9-30 8.49 11.63 0 0 296,048 1,164,511 T r e a s u r y Department b u s i n e s s Incoming and Outgoing . T o t a l words t r a n s m i t t e d over main l i n e s 177,632 — . (*) These p e r c e n t a g e s used i n c a l c u l a t i n g the pro r a t a share of l e a s e d wire expense as shown on t h e accompanying statement (X-6862-b)* (l) Humber of words s e n t by New York t c o t h e r F. R* Banks f o r t h e i r s o l e b e n e f i t charged t o banks i n d i c a t e d in accordance w i t h a c t i o n taken a t Governors 1 Conference November 2 - 4 , 1925 • 1,342,143 X-6862-b REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIRE SYSTEM, MARCH, 1931. Name of bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t , Louis Miim&apolis Kansas C i t y Dallas San F r a n c i s c o F e d e r a l Reserve Board Total (&) (#) (*) (a) (b) Operators' salaries $260.00 1,134.15 225.00 306.66 190.00 270.00 3,668.93 (#) 195.00 202.25 287.50 251.CO 380.00 — $7,370.49 Operators i1 overtime $ 3.00 - - 4.00 1.00 - .75 - — $8.75 Wire Rental $ Total expenses Pro r a t a s h a r e of total expenses $260.00 $721.18 3,016,74 1,137.15 — 788.21 225.00 1,842.55 306.6b 420.00 1,381.41 230.00 (&) 270.00 1,558.14 2,474.34 3,672.93 1,761.29 196.00 202.25 794.31 1,889.27 287.50 1,724.72 251.75 2,362.61 380.00 15.804.30 15,804.30 $16,034.30 , , $ 2 3 , 4 1 3 . 5 4 $20,314.77 3.098.77(a) $20,31^.77 - Credits $260.00 1,137.15 225.00 306.66 420.00 270.00 3,672.93 196.00 202.25 287.50 251.75 380.00 Payable t c Federal Reserve Board $461.18 1.879.59 563.21 1,535.89 961.41 1,288.14 1,198.59 (*) 1,565.29 592.06 1,601.77 1,472.97 1,982.61 — $7,609.24 $13,904.12 1.198.59 (b) $12,705.53 Main Line r e n t a l , R ichmond-Washington. I n c l u d e s s a l a r i e s of Washington o p e r a t o r s . Credit. Received $3,098.77 from Treasury Department covering b u s i n e s s f o r t h e month of March, 1931. Amount r e i m b u r s a b l e to Chicago. to Co
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