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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD X-717S June 14, SUBJECT: Expense, Main l i n e s , May, 1 9 3 2 . 1932. Leased Wire System, 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 m i m e o g r a p h e d s t a t e m e n t s , X - 7 1 ? 8 - a and X - y i y g - 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 o f t h e m a i n l i n e s , Leased Wire System, d a r i n g t h e m o n t h o f May, 1 9 3 2 . P l e a s e c r e d i t t h e amount p a y a b l e "by y o u r b a n k 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 books, 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 Expenses, F e d e r a l Reserve Board, S p e c i a l Fund", Leased W i r e 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 R e s e r v e Board. Very t r u l y y o u r s , Fiscal Agent. Enclosures. TO GOVERNORS OF A L L F . R. B A M S . s x-7178-a REPORT SHOWING- CLASSIFICATION AMD NUMBER OF WORDS TRANSMITTED OVER MAIN LINES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF MAT, 1 9 3 2 . Business reported by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City ^Dallas 33&n Francisco Total F. Words sent by New York chargea b l e to o t h e r F. R. Banks ( l ) 28,468 145,645 28,722 61,165 63,530 53,759 86,760 69,080 32,630 67,640 58.379 98,921 794.699 Net Federal reserve bank business 1,898 - 7.377 2,842 2,321 2,108 2,199 5,354 4.039 35.667 30.366 3.66 145,645 17.54 3.81 7.65 7.93 7.36 31.630 2,908 2,323 2,298 63,488 65,828 61,136 89.602 71,401 . R. B o a r d b u s i n e s s Percent of t o t a l bank b u s i n e s s (*) 10.79 8.60 34,738 4.18 69,839 8.41 7.67 63.733 102.960 830,366 12.40 100.00 283.717 332.690 R e i m b u r s a b l e b u s i n e s s I n c o m i n g and. O u t g o i n g T o t a l words t r a n s m i t t e d o v e r m a i n l i n e s 1.446,773 (*) 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 o f on t h e accompanying statement ( X - 7 1 7 8 - b ) . (l) Number o f w o r d s s e n t b y New Y o r k t o o t h e r F . R . B a n k s f o r t h e i r s o l e b e n e f i t c h a r g e d t o banks i n d i c a t e d i n accordance w i t h a c t i o n t a k e n a t Governors* Conference November 2 - 4 , 1 9 2 5 . 1,114,083 l e a s e d w i r e e x p e n s e a s shown g • H- X-7178-b REPORT OF EXPENSE MAIN L I N E S FEDERAL RESERVE LEASED WIRE SYSTEM, MAY, 1 9 3 2 . Name o f bank Boston New Y o r k Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis •Kansas C i t y ;Pal l a s SOB? F r a n c i s c o F e d e r a l Reserve Board Total Operators' salaries $260.00 1,134.15 225.00 306.66 190.00 270.00 3,776.75 (#) 195.00 263.33 287-50 251.00 380.00 Operators overtime $ - $ Wire rental Total expenses - $260.00 1,134.15 225.00 306.66 420.00 - — - - — 230.00 (&) - - 13.00 — $7,539.39 1 - 270.00 3,789-75 - - - — 195.00 263.33 287-50 - - — — - — — 15.580.29 $ 13.00 $15,810.29 251.00 380.00 15.580.29 $23,362.68 Pro r a t a share of total expenses $658.45 3,155.51 685.43 1,376.26 1,426.64 1,324.09 1,941.16 1,547.17 752.00 1.512-99 1,379.86 2,230.80 — $17,990.36 Credits $260.00 1,134.15 225.00 306.66 420.00 270.00 3,789.75 195.00 263.33 287-50 251.00 380.00 Payable to Federal Reserve Board $398.45 2,021.36 460.43 1,069.60 1,006.64 1,054.09 1,848.59 ( * 1,352.17 488.67 1,225.49 1,128.86 1,850.80 — $7,782.39 $12,056.56 1,8kg.59 (a) $10,207.97 Reimbursable charges: Treasury Department. . . . . . . . . Reconstruction Finance Corporation . F e d e r a l Farm Loan B o a r d F e d e r a l Farm B o a r d Lees r e i m b u r s a b l e c h a r g e s $2,294.70 2,989.41 29.82 58.39 5.372.32 $17,990.36 (&) (#) (*) (a) Main l i n e r e n t a l , Richmond-Washington. Includes s a l a r i e s of Washington operators. Credit. Amount r e i m b u r s a b l e t o C h i c a g o . 'jjJJ
@FedFRASER