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'725
DAVID P. HOUITOH
~
SICIITAIY OP THI TIMIUIY
CMAIIIIAM
FEDERAL RESERVE BOARD
JOHN SKILTON WILLIAMS
C8MnULLII er TNI CVRIIR.
W. P. e. HARDINGI, GIOURNOR
IDHUND PLATT, YICI GleYIRNOR
ADOLPH C. HIL~IR
CHARLIII I. HAH LIN
HENRY A. HOEHLENPAH
W. T. CKAPIIAN, SICRITARY
R.e.IHIRSON,AIIIITANT SICRITARY
ADDRIIee RIEPI.Y TO
\7, H. IMLAY, PliCAL 1aaNT
WASHINGTON
PIEDJI:RAL RESERVE 80ARI)
August
SUBJECT:
23, 1920.
x.. 1999~
FXPENSE lV!AIN TINE, LE~SED WIRE SYSTEM,
..
FOR THF ~NrH OF JULY, 1920 ..
Dear Sir:
Enclosed herewith you will find two mimeograph
statements, X-1999a and 1-1999b, covering in detail operations of the uin line 1 Leased Wire System, during the month
of July, 1920*
'Please deposit the amount payable by your bank in
the general account, Treasurer u. S., on your books 1 and issue
C/D, Fonn 1, National Banks, for Credit of "Salaries and
Expenses, Federal Reserve Board, Special Fund.", Leased Wire
System, sending duplicate C/D to Federal Reserve Board.
Very truly yours,
Fiscal Agent.
Enclosures.
To Governors of
~ll
F.R.
e-xc,'J:pt
ir
.
•
?~nks
Chic~go •
•
'
726
X-1999a.
REPORT SHOWING CLASSIFICATION AND ~$ER
OF WORDS TRANSMITTED OVER MP, IN T,INE OF THE FEDERAL
RESERVE tEASED WIRE SYSTEM FOR THE MONTH OF JULY 1920.
From:
PER CENT OF
Tar At B.ANK
B~NK
BUSINE§S
:Boston
New York
Philadelphia
Cleveland
,..
56.547
244,107
50,045
103,841
Richmond
85,636
118,767
Atlanta
185,228
Chicago
St. touis
117,480
Minneapolis
45,436
Kansas City
101,085
Dallas
89,653
San Francisco . 1441082
Total F .R. Banks 1,341,910
Washington
251,013
Grand total
1,598,923
86.12
"Percent of total
business
Fiscal Agency business
Total
Bank
{•)
.A~ENCY
4.21
18.20
3-74
1·1
6.J8
8.85
13 .. 80
8.75
3·39
7-53
6.68
10 .. 74
lOQ.CQ
5,481
27,856
6,536
10,665
},886
11,212
11,128
8,664
6,588
10,894
5,008
10 1 124
118,072
138!264
256.336
13.81
1,598,923 words, or 86.1~
256.336 It
" 13-82~
1,855,259 words, orlCo.oodJJ
These percentagea are used in calculating the
pro rata share of . leased wire expense as shown
on the accompanying stat.ereent (X-1999b).
FEDER At RESERVE BOARD
WASHINGTON
August 23, 1920 ..
..
FISC./IL
BUSINESS{*)
•
W.AR
FINANCE
929
23
30
169
1,151
100
1,251
-07
Tar .At
62,028
272,892
56,581
114,529
89,522
130,009
196.356
126,144
52,024
111.,979
94,830
1241229
1,461,133
- 29tt311
1,85 ,510
100.
'
'
.:•-<->~Jf
REPORT OF EXP'ENSE
"M.AIN LINE
FEDiRAL RESERVE LEflSBD •IRE SYSTEM
JULY· 1920
-------------~----------------------------------------------------------------------------------------------------------------------
Operators
Salaries
Name of Bm k
Easton
lllew·York
Philadelphia
Cleveland ·
Richmoni
1tlanta
Chicago
St~ touis
~
1
220.00
6110.00
225.00
Operators'
Overtitre
Wire
Rental
~
$ -
6.00
15-00
500-00
'6.40
(#")4, 114.13
150.00
25-00
218.75
240 .. 00
265-54
190-00
~ir:..neapolis
Kansas City
Dallas
San Francisco
Federal Reserve
·Board
TC11' JIL
(*)50.00
5o.oo
150-00
Total
-Expense
$ 226.00
655-00
225.00
5o6.4o
268.75
240.00
( #)4. 139-13
200.00
265.54
190-00
150-00
:P5 .oo
175~00
Pro rata.
Share of
Total
Ex:pense
Payable
Fede-ral Reserve
Board
Credits
$ 621.66
2, 687.48
550-78
1,142-93
942-09
1,306.. e2
2,037.-76
'1,292-05
500-58
1,111-91
986 .. 39
- 1,585-90
$ 226.00
655-00
225.00
$14,766.35
$(,240.82
$
J95-o6
2 ,03? )tS
325-73
so6.4o
63G.~3
. 673.34
1,066.32
2,101.)7(**)
1,092-05
235-04
921-91
836·39
1,410-90
268.75
240.00
4.139-13
200-00
265-54
190.00
- 150.00
175-00
7,568 .. 26
!f;7, 618..26
$7,088.42
~14,809.08
$9' 626.90 .
2, 10L ~]('aJ}_
$7,525.53
42 ·13{&)
!t14, 766.35
(I)
{•)
Includes salaries of operators
Washington Office .....•.••••..• $1,989-98
Cut-in at Washington
Balti~ore.circuit.
:On
Richmond- _
{@)
Amount reirrbursable to F. R. Bank of Chicago
account payrr.ent in excess of prorata. share.
(&)
Amount received from War Finance Corporation
covering business for the month of June.
{•• ) Credit •
FEDEPtAL RFS'FRW :BOflRD
WASHINGTON
J!ugust 23, 1920.
1
I
@FedFRASER