Full text of Mimeograph Letters and Statements of the Board : Letter From the Fiscal Agent re Expense of Main Line, Leased Wire System, May, 1924, Number X-4087, Volume 20, Page 427

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FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

X-40S7
June 14,1924.
SUBJECT: EXPENSE MAIN LINE, Leased Wire System,
May, 1924.
Dear Sir:
Enclosed herewith you will find two mimeograph
statements, X-4027-a acd X-40S7-b', covering in detail
operations of the main line, Leased Wire System, during
the month of May, 1924.
Please credit the amount payable by your bank
in the general account, Treasurer, U. S., on your books,
and issue C,'l> Form 1, National Banks, for account of
"Salaries and Expenses, Federal Reserve Board, Special
Fund", Leased Wire System, sending duplicate c/c to Federal Reserve Board.
Very truly yours,

Fiscal Agent.
(Enclosures)

To ffovernors of all banks
(except Chicago)




X—4087~a
REPORT SHOWING CLASSIFI CATION AND NUMBER OF WORDS
TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE
LEASED WIRE SI STEM FOR THE MONTH OF MAY, 1924.
Percent of Treasury
War
Fed. Res.
Total Bank
Dept.
Finance Corp.
Bank Business Business(*) Business
Business

From
Boston
New York
Philadelphia.
Cleveland
Richmond
Atl a nt a
Chicago
St, Louis
Minneapolis
Kansas City
Dallas
San Francisco
TOTAL

Total

37,796
236,192
55,632
97,370
73,869
90,237
142,026
94,086
55,822
91,238
71,101
12b,934

3'22
20:i5
4-75
8.31
6.30
7-70
12-11
8,03
4.76
7.78
6.06
10-83

3,936
9,316
4,594
3,182
3,189
3,504
7,221
3»9L! 7
3,145
3,942
3,363
6,932

1,172,303

100-00

56,271

88

1,228,662

41,732
245,508
60,226
100,552
77,058
93,774
149,247
98,033
58,967
95,235
74,464
133,866

—

-

33
—
-

-

55
-

Board

278,943

47,599

624

327,166

Total

1,451,246

103,870

712

1,555,828

Percent of Total

6.67$

93-28$

-05$

Bank Business 1,451,24b words or 93-32$
Treasury Dept. 103,870 "
» 6.68$
TOTAL

1,555,116

"

"100.00$
(*) These percentages used in calculating the
pro rata share of leased wire expenses as
show on the accompanying statement (4087-b)

FEDERAL RESERVE BOARD,
Washington, D. 0.
June 14, 1924.




REPORT OF EXPENSE
MAIN LINE
FEDERAL RESERVE LEASEE, WIRE SY STEIVI

Name of Bank

Operators * Operators'1 Wire
Salaries Overtime Rental

Boston
$ 250.00 V6
New York
1,356.65
Philadelphia
200.00
Cleveland
383.00
Richmond
315*00
Atlanta
255.00
Chicago
(#)4,933.62
St. Louis
323.69
Minneapolis
233.33
Kansas City
_)46.64
Dal las
251.00
San Francisco
330.00
Fed. Res, Board
TOTAL

$9,237-93 $

$ -

—
-

-

Total
Expense
$

MAY, 1924,
Pro Rata
Share of
Total
Expense

250.00 $
1,356.65
200.00
333.00
315.00
255.00 •4,933.62
323,69
2 3 3 . 3 3

346.64
251.75
.75
330.00
17,096.14 17,096.14
—

X—4c37

Credits

697•62
$ 250.00
4,365'52
1,356.65
200.00
1,029.09
1,300-37
333.00
1,364.90
315.00
1,663.21 '
255.OO
2,623.65
4,938-62
1,739.71
323.69
1,031.26
233-33
346.64
1,635.55
1,312.91
251.75
330.00
2,346-33

.75 $17,096.14 $26,334.32 $21,665.12
(3)4,719,70
$21,665.12

$9,233.6s

(f) Includes salaries of Washington operators.
(*) Credit.
(a) Received $4700.00 from the Treasury Dept. and $19*70 from
War Finance Corporation covering business for the month of May, 1924.
(&) Amount reimbursable to Chicago.
FEDERAL RESERVE BOARD,
Washington, D. C*
June 14, 1924.




Payable to
Fed eral
Reserve
Board
$

447.62
3,003,37
329.09
1,412.37
1,049.90
1,413.21
2,314.97(*)
1,4i6.02
747.93
1,33S.91
1,061.16
l ,966.33

$14,691,41
(&)2,3l4.97
$12,376.44