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11 w FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD X-6911 June 12, 1931. SUBJECT: Expense, Main l i n e , Leased Wire System, May, 1931. Dear S i r : Enclosed h e r e w i t h you w i l l f i n d two mimeographed s t a t e m e n t s , X-6911-a and X-6911-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 , Leased Wire System, d u r i n g t h e month of May, 1931. P l e a s e c r e d i t t h e amount p a y a b l e by your hank 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 your books, and i s s u e c / d Form 1, N a t i o n a l Banks, f o r account of " S a l a r i e s and Expenses, F e d e r a l Reserve Board, S p e c i a l Fund", Leased Wire System, s e n d i n g d u p l i c a t e C/D t o t h e F e d e r a l Reserve Board. Very t r u l y y o u r s , F i s c a l Agent. Enclosures. TO GOVERNORS OF ALL F . R. BANKS EXCEPT CHICAGO. x-69ll-a REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF MAT, 1931. Business reported by banks From Boston New York Philadelphia Cleveland ^Richmond Atlanta "Chicago St. Louis Minneapolis lansas City Dallas 1>an Francisco Total 25,736 120,716 30,694 75,464 51,348 55,623 90,908 66,951 28,378 71,083 62,108 87,154 766,163 Words sent by New York chargeable to other F. R. Banks (l) 3,333 - 1,707 3,063 3,050 10,540 4,525 3,294 3,333 2,857 12,768 4.215 52,685 F. R. Board "business Net Federal reserve bank business 29,069 120,716 32,401 78,527 54,398 66,163 95,433 70,245 31.711 73,940 74,876 91.369 815,848 Percent of total bank business (*) 3.55 14.74 3.96 9.59 6.64 8.08 11.66 8.58 3.87 9.03 9.14 11.16 100.00 286,370 Treasury Department business Incoming and Outgoing Total words transmitted over main lines. . (*) 1,105,218 136,873 1,242,091 These percentages used in calculating the pro rata share of leased wire expense as shown o.n the accompanying statement (X-6911-b). (X) 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 3 x-69li-b REPORT OF EXPEUSE MAIN LINE FEDERAL RESERVE LEASED WIRE SYSTEM, MAY, 1931. Name of bank Boston Hew York Philadelphia Cleveland Richmond Atlanta Chicago S t . %ouis Minneapolis Kaas&s'City Dallas San F r a n c i s c o F e d e r a l Reserve Board Total (<t) (#) (*) (a) (b) Operators' salaries $2600 .0 11 .3U1 .5 225.00 3066 .6 190.00 270.00 3,729.02 195.00 Operators ' overtime Wire rental $ $ - — — — — 230.00 (&) #•» - - - (#) 2.00 • 282.85 287.50 251.00 3800 .0 15.7U6.95 $20 .0 $15,976.95 $7,511.18 - - - - *- . - Total expenses Pro r a t a s h a r e of * total expenses Credits Payable t o Federal Reserve Board $U820 .1 .0 $260.00 $7U20 .l $2600 .U67 .5 ,3U1 .5 19 1,134.15 3,080.90 11 6027 .0 225.00 225.00 "8277 .0 ,0UU .6 1,697.80 306.66 3066 .6 20 U20.00 U200 .0 1,387.87 967.87 1U , 188 .5 270.00 2700 .0 1 , 6 8 8 . 8 5 1 , 2 9 3 . 8 9 (*) ,31*02 3.731.02 2,437.13 37 195.00 1,598.36 1950 .0 1 , 7 9 3 . 3 6 5260 .U 8088 .9 282.85 282.85 1,887.Us 287.50 1,599.92 2875 .0 251.00 i,659.UI 1,910.Ui 25I.OO 3800 .0 2 , 3 3 2 . 6 2 380.00 1,952.62 157 .U69 .5 , 523 .3 $23U , 901 .3 $20,901.62 $7,743.18 $iUU 1.293.89 (b) 2.588.51(a) $13,158.44 $20,901.62 — - Main l i n e r e n t a l , Richmond-Washington. I n c l u d e s s a l a r i e s of Washington o p e r a t o r s . Credit. Received $2,588.51 from Treasury Department covering "business f o r t h e month of May, 1931. Amount r e i m b u r s a b l e t o Chicago. O CD
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