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-BOARD OF GOVERNORS ;r;40 OF THE • FEDERAL RESERVE SYSTEM R-845 WASHINGTON ADDRESS OF'F'ICIAL CORRESPONDENCE TO THE BOARD • June 17, 1941 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 :'flay 1941. Please credit the runount payable cy your Bank to the Boa:::-d, as shown in the last column of the statement, to the l''ederal R.eserve Bank of Richrnond in your daily statement of credits through the lntercijstrict Settlement Fund for the accmmt of the Board of Governors of the Federal R.esercre System, and advise the Fedencl Reserve Bank of IU.chraond qy mail the amount and purpose of the credit. Very truly yours, j _/ 91dl~ 0. E. _oulk~ Fiscal Agent. Enclosure TO PRESIDENTS OF ALL FEDERAL R.ESERVE BANKS EXCEPT RlCfl.HOIW ... ' R-845-a .. }rEPORT OF EXPENSl-::S OF: Ml\.IN kl!'JCS OF FED.>;;RAL RESERVE LEAS:CD WIRE S'I STE£,1 FOR THE MONTH OF Nl1IY 1941 Federal Reserve Bank Nu;·nber of Words Sent Words Sent by N.Y. Chargeable to Other F.R. Banks - ..,_ Boston N9W York Philadelphia Cleveland 34,45/+ 07,767 2) ,678 .39,586 391.- 396 396 391,. 391.. 438 396 22,910 44., 704 43,205 56,897 377.23 736.09 711.1..1 936.86 185.06 2'7.3 .Ol 326.///" 418.72 351.. ,686 5 ,81+0 .22 10,355.32 932,J..,J..,.9 $15,353.59 22,516 44,310 1..2, 767 56,501 Total 928,013 273.86 871.03 241.17 327.42 39/t- . 351.-,686 573.80 $ 1,.41.-5.16 429.33 658 .31" 335.78 236.03 1,21..1.39 268.33 394 394 Board of Governors ~ 't!' 818.09 789.99 1,210.70 826.37 49,290 47,58.3 '73 ,082 1;.9, 793 ~·Jinneapolis 31+,848 87,767 26,071,. 39,982 Expenses Paid by Banks and Board (2) Pro Hata Share of Total Expenses (l) 49,684, 47,97? '73,528 50,187 Richmond ,. Atlanta Chicago St. Louis Kansas City Dallas San Francisco Total Words Chargeable 446 4,436 .... Payable to Board of Governors ~~ 'I? 299.94 574.13 188.16 330.92 482.31 553.96 30.69(a) 558.04 192.17 463.08 384.94 518.14 $15,353.59 $4,545-79 30.69(a) $4,515.10 (l) Based on cost per word ($.0161.,.65876) for business handled during the month. (2) Payments by Banks ar<:; for personal services and supplies and payments by Board are for personal services and supplies (:~:1,157 .98) and v:ire rental ($9 ,611.97) less amount ( $411~.63) representing reimbursement for the cost of sending mes-sages between the Washington office of the LBased Wire &Jstem and the local t0legraph offices of the Treasury, Heconstruction Finance Corporation, and the Commodity Credit Corporation. Personal services include salaries of main line operators and of clerical help engaged in work on main line business, such as cou:nting the number of v10rds in messages; also overtime and supper money and Retirement System contributions at the cu.rrGnt service rate. (a) Credit--reimbursable to Chicago • •
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