The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
231 B O A R D OF G O V E R N O R S ******* OF THE FEDERAL RESERVE SYSTEM R-666 WASHINGTON ADDRESS OFFICIAL C O R R E S P O N D E N C E TO THE ******** June 17, 1940 Dear Sir: There is attached a copy of the report of expenses of the main lines of the Federal Reserve Leased Wire System for the month of May 1940. Please credit the amount payable by your Bank to the Board, as show 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 Bank of Richmond by mail the amount and purpose of the credit. Very truly yours, 0. E. Foulk, Fiscal Agent. Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND BOARD 233 R-666-a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF MAY, I960 Words Sent by N. Y. Chargeable to Other F.R. Banks Total Words Chargeable Expenses Paid by Banks and Board(2) Pro Rata Share of Total Expenses (l) Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 24,009 70,958 19,147 32,662 645 651 24,647 $ 440.91 70,958 1,269.37 354.06 19,792 33,313 595.94 Richmond Atlanta Chicago St. Louis 26,010 44,686 67,530 45,494 638 638 696 638 26,648 45,324 68,226 46,132 476.71 810.80 1,220.50 825.26 215.11 241.60 1,221.23 246.93 Minneapolis Kansas City Dallas San Francisco 22,789 46,051 41,953 49,999 638 638 666 644 23,427 46,689 42,619 50,643 419.08 835.22 762.41 905.95 187.13 273.06 274.45 411.93 357,107 6,388.30 10,405-43 Board of Governors 357,107 Total 848,395 638 - 7,130 855,525 $15,304.51 $ 346.80 $ 955.91 247.67 277.21 Payable to Board of Governors 94.11 313.46 106.39 318.73 261.60 569.20 • 73(a) 578.28 231.95 562.16 487.96 494.02 #15,304.51 $4,017.86 • 73(a) $4,017.13 (1) Based on cost per word ($.017889027) for business handled during the month. (2) Payments by Banks are for personal services and supplies and payments by Board are for personal services and supplies ($1,473-92) and wire rental ($8,931.51). 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.
@FedFRASER