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FEDERAL RESERVE BOARD WASHINGTON X-4356 ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD June 17, 1925. SUBJECT: E x p e n s e Main L i n e , L e a s e d Wire S y s t e m , May, 1925. Dear S i r : E n c l o s e d h e r e w i t h y o u w i l l f i n d two mimeograph s t a t e m e n t s , X - 4 3 5 6 - a and X - 4 3 5 6 - b , c o v e r i n g i n d e t a i l o p e r a t i o n s of t h e main l i n e , L e a s e d Wire S y s t e m , d u r i n g t h e month o f May, 1925• P l e a s e c r e d i t t h e amount p a y a b l e b y your bank i n t h e g e n e r a l a c c o u n t , T r e a s u r e r , U . S . , on y o u r b o o k s , and i s s u e C/D Form 1 , N a t i o n a l Banks, f o r a c c o u n t o f " S a l a r i e s and E x p e n s e s , F e d e r a l R e s e r v e B o a r d , S p e c i a l Fund", L e a s e d Wire System, s e n d i n g d u p l i c a t e C/D t o Fede r a l Reserve Board. Yours v e r y t r u l y , Fiscal Agent. Enclosures: TO GOVERNORS OF ALL BANKS EXCEPT CHICAGO. 426 X-4356-a REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF MAY, 1925Fed R e s . Bank B u s i n e s s From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St.Louis 23,735 3.10 145,584 19.05 30,549 6l,573 4l,s60 53,317 92,968 65,881 Minneapolis Kansas C i t y - TOTAL 4.00 8.06 5.48 6.98 12,16 8.62 54,323 97,731 7-11 12.79 764,241 IOO.OO56 42,099 4»19 8.46 War F i n a n c e Corp Business 2,865 4,573 2,950 3,084 2,430 3,680 1,749 ,.3,576 7(1,919 6,540 32,043 64,677 Dallas San Francisco Percent of Treasury T o t a l Bank Dept. Business (*) Business - - Total 26,600 150,157 33,499 64,657 44,290 57,309 97,709 69,561 33,792 68,253 56,242 104,271 806,340 Board 262,131 29,200 103 291,434 Total 1,026,372 71,299 103 1,097,774 Percent of Total Bank B u s i n e s s Treas.Dept. Total 6.49$ 93*50$ .01$ 1 , 0 2 6 , 3 7 2 words or 9 3 « 5 0 $ 71.299 1,097,671 " " " 6.50$ " 100.00$ * ) These p e r c e n t a g e s u s e d i n c a l c u l a t i n g t h e p r o r a t a s h a r e of l e a s e d w i r e e x p e n s e s a s shown on t h e accompanying s t a t e m e n t (X-4356-h.) REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIRE SYSTEM, MAY, 1925 Operators 1 Salaries Operators 1 Overtime $ 250.00 933.32 216.66 280.33 170.00 255-00 (*) 3,756.67 274.00 IS3.34 275-64 251.00 38O.OO F e d e r a l R e s e r v e Board. $ TOTAL $ Name of Bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St.Louis Minneapolis Kansas City Dallas San Francisco (#) (*) (&) (a) (b) $7,225.96 Wire Rental $h 1.00 - - - - - - - - - - - - • - - - - - - - - - 15,357.61 1.00 $15,357.61 Pro Rata Share of Total Expenses Total Expenses $ 250.00 934.32 216.66 280.33 170.00 255.00 3,756.67 274.00 183.3% 275*64 251.00 380.00 15,357.61 $22,584.57 (a) 1 , 4 6 9 . 5 4 $21,115.03 $ 654.57 4,022.41 844.60 1,701.87 1,157.10 1,473.83 2,567.59 1,820.12 884.72 1,786.33 1,501.28 2,700.61 $21,115.03 Includes $204.67 f o r branch l i n e business transmitted over main l i n e c i r c u i t . Includes s a l a r i e s of Washington operators Credit Received $2.71 from War Finance Corporation, and $1,466.83 from Treasury Department covering business f o r the bionth of May, 1925« Amount reimbursable to Chicago. X-4356-b Credits Payable to Federal Reserve Board $ 250.00 $ 404.57 3,088.09 934.32 216.66 627.94 1,421,54 280.33 170.00 ( # ) 1,191". 77 1,218.83 255.00 3,756.67 (&)1,189.08 274,00 1,546.12 701.38 I83.34 1,510.69 275-64 251.00 1,250.28 380.00 2,320.61 7,226.96 $15,281.82 (b) 1,189.08 $15,092.74
@FedFRASER