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BOARD OF GOVERNORS OF" THE FEDERAL RESERVE SYSTEM R-821 WASHINGTON ADDRESS OF'F'ICIAL CORRESPONDENCE TO THE BOARD April 17, 1941 Dear Sir: There is attached a copy of the report of expenses of the n~in lines of the Federal Reserve Leased Wire System for the month of March 1941. Please credit the runount payable by 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 Banlc of Richmond by mail the amount and purpose of the credit. Very truly yours, ~~Udi/ O. E. Foulk, Fiscal Agent. Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND 117 R-821-a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED VV~RE SYSTEM FOR THE MONTH OF MARCH 1941 Words Sent Total by N.Y. Words Chargeable to Other ChargeF.R. Banks able Pro Rata Share of Total Expenses (l) Expenses Paid by Banks and Board (2) Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 31,870 87,795 23,748 41,513 472 472 32,340 87,795 24,220 lt-1, 985 Richmond Atlanta Chicago St. Louis 45,393 46,537 77,579 49,109 470 470 515 470 45,863 4-7,007 78,094 49,579 729.35 747.54 1,241.90 788.44 330.49 239.66 1,332.62 275.91 Minneapolis Kansas City Dallas San Francisco 23,522 44,392 37,934 54,198 470 470 536 472 2.3,992 44,862 38,470 54,670 381.54 713.43 611.78 869.40 185.06 273.01 330.03 427.13 411,561 6,544 .. 93 10,503.25 980,438 $15,591.61 Board of Governors 411,561 Total 975,151 470 5,287 $ 514.29 1,396.18 385.16 667.67 $ Payable to Board of Governors 315.18 $ 199.11 519.18 877 .oo 250.57 134.59 251.70 415.97 398.86 507.88 90. 72(a) 512.53 196.48 440.42 281.75 442.27 $15,591.61 $4,049.04 20!12(a) $3,958.32 (l) Based on cost per word ($.015902698) for business handled during the month. (2) Payments by Banks are for personal services and supplies and p~ments by Board are for personal services and supplies ($1,157.98) and wire rental ($9, 768.67) less amount ($423.40) representing rei1abursement for the cost of sending messages between the Washington office of the Leased Wire System and the local telegraph offices of the Treasury, Reconstruction Finance Corporation, and the Commodity Credit Corporation. 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 messages; also overtime and supper money and Retirement System contributions at the current service rate. (a) Credit--Reimbursable to Chicago.
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