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135 BOARD OF G O V E R N O R S ****** OF THE FEDERAL RESERVE SYSTEM R-637 WASHINGTON ADDRESS OFFICIAL C O R R E S P O N D E N C E TO THE April 15, 194-0 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 March 1940. Please credit the amount payable ty 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 Interdistrict Settlement Fund for the account of the Board of Governors of the Federal Reserve System, and advise the Federal Reserve Bank of Richmond by mail the amount and purpose of the credit. Very truly yours, 0. E. Foulk, Fiscal Agent. Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND BOARD 136 R—637—a REPORT OF EXPENSES OF MAIN LIMES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF MARCH I960 Words Sent by N. Y. Chargeable to Other F.R. Banks Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 24,295 77,427 21,622 34,908 362 364 Richmond Atlanta Chicago St. Louis 29,349 45,896 67,078 47,071 360 360 401 360 Minneapolis Kansas City Dallas San Francisco 23,443 51,847 39,178 48,644 360 360 379 362 Board of Governors 728,396 — Expenses Paid ty Banks and Board(2) Pro Rata Share of Total Expenses (1) 24,655 • 1 502.23 $ 77,427 1,577.21 21,984 447.82 35,272 718.50 4,028 29,709 Payable to Board of Governors 286.34 $ 215.89 947.83 629.33 202.19 245.63 260.28 453.22 67,479 47,431 605.18 942.25 1,374.57 966.18 232.91 239.55 1,256.39 260.38 372.27 702.70 113.18 705.30 23,803 52,207 39,557 49,006 434.88 1,063.47 805.79 998.27 137.13 273.06 271.55 411.93 297.75 790.41 534.24 586.34 217,638 217,638 Total 360 Total Words Chargeable 4,433.35 10,046.67 46,256 732,424 $14,919.70 #14,919.70 $5,613.32 (1) Based on cost per word ($.020370305) for business handled during the month. (2) Payments by banks are for personal services and supplies and payments by Board are for personal services and supplies ($1,599.36) and wire rental ($8,447.31). 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 messagesj also overtime and supper money and Retirement System contributions at the current service rate.
@FedFRASER