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B O A R D OF G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM X-9555 440 WASHINGTON address o f f i c i a l to April 20, 1936. SUBJECT: Expense, Main Lines, Leased Wire System, March, 1956. Dear Sir: Inclosed herewith you will find two mimeographed statements, X-9555-a and X-9555-b, covering in detail operations of the main lines of the Leased Wire System, during the month of March, 1956. Please credit the amount payable by your bank for your share of the expense of the Leased Wire System 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, Fiscal Agent. Inclosures. TO PRESIDENTS OF ALL F. R. BANKS. the c o r r e s p o n d e n c e board X-9555-a REPORT SHOWING CLASSIFICATION AND NUMBER OF YiORDS TRANSMITTED OVER MAIN LINES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF MARCH, 1936. Business reported by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total 35,994 150,575 29,175 44,444 51,590 53,151 83,397 55,371 33,570 62,845 63,707 82.505 746,524 Board business Reimbursable business Incoming & Outgoing Words sent by New York chargeable to other F. R. Banks (l) 1,378 - 1,457 1,391 1,444 1,527 1,789 1,793 1,427 1,577 1,571 1.937 17,291 Net Federal reserve bank business 37,372 150,575 30,632 45,035 53,034 54,678 85,186 57,164 34,997 64,422 65,278 84.442 763,615 338,335 . i . . Total words transmitted over main lines Per cent of total bank business (*) 4.89 19.72 4.01 6.00 6.94 7.16 11.16 7.49 4.58 8.44 8.55 11.06 100.00 1,101,950 520.209 1,622,159 (*) These percentages used in calculating the pro rata share of leased wire expense as shown on the accompanying statement (X-9555-b). (l) 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. ^ X-9555-b REPORT OF EXPENSE MAIN LINES FEDERAL RESERVE LEASED WIRE SYSTEM, MARCH, 1936. Name of ba.ik Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Board Total Operators' Salaries Retirement Contributions | 260.00 $ 12.45 64.80 1,285.50 225.00 11.39 506.66 15.03 190.00 9.79 262.50 13.26 5,948.7l(#) 184.21 176.00 8.91 154.16 8.29 237.00 16.16 251.00 12.55 580.00 19.11 - $7,724.33 - $575.75 Operators1 overtime #1.00 1.00 - 8.00 - $10.00 Main line rental, Richmond-Washington Includes salaries of Washington operators Credit Amount reimbursable to Chicago Includes $536.19, which represents cost of handling contingent expense telegrams for the Treasury Department for the month of March, 1936. - 275.45 1,549.10 236.39 321.69 250.00(&) 429.79 275.76 4,140.92 184.91 162.45 303.16 265.35 399.11 14,997.02 14.997.02 #15,227.02 #23,557.10 Less Reimbursable Charges (&) (#) (*) (a) (b) Total expenses Wire rental s Pro rata share of total expenses $ I - - - - - - - — - 775.22 5,126.24 635.71 951.19 1,100.21 1,135.09 1,769.21 1,137.40 726.07 1,538.01 1,555.44 1,755.56 — $15,855.15 7.435.95 115,355.15(b) Credits I Payable to Board 273.45 $ 501.77 1,549.10 1,777.14 236.39 599.52 321.69 629.50 429.79 670.42 275.76 359.33 4,140.92 2,571.7](*) 184.91 1,002.49 162.45 565.62 503.16 1,054.85 263.55 1,092.09 599.11 1,554.25 — — $3,540.08 $9,884.78 2.571.71(a) $,7,513.07 £iO
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