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420 federal reserve board WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD X-4751 December 15, 1926 SUBJECT: Expense, Main Line, Leased Wire System, November, 1926. Dear S i r : Enclosed herewith you w i l l f i n d two mimeograph s t a t e m e n t s , X-4751-a: jfiad X-4751-b, covering i n d e t a i l o p e r a t i o n s of the main l i n e , Leased Wire System, during the month of November, 1926. P l e a s e c r e d i t the amount payable by your bank i n the general account, Treasurer, 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, Federal Reserve Board, Special Fond", Leased Wire System, sending d u p l i c a t e C/D to the Federal Reserve Board. Yours very t r u l y , F i s c a l Agent. Enclosures TO GOVERNORS OF ALL F.R. BANKS EXCEPT CHICAGO. REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF NOVEMBER# 1926 Business reported by banks From Boston 33,694 New York 132,104 Philadelphia 37,773 Cleveland 71,361 Richmond 42,581 Atlanta 54,672 Chicago 99,968 S t . Louis 68,807 Minneapolis 36,876 • Kansas City 70,720 Dallas 58,393 San Francisco 94,308 Total 801,257 F. R. Board Total Percent of T o t a l Words sent by New York chargeable to other F.R. Banks ( l ) 516 - 638 1,631 3,042 3,355 2,825 2,633 2,354 2,404 4,672 2,345 26,415 Total 34,210 132,104 38,411 72,992 45,623 58,027 102,793 71,440 39,230 73,124 63,065 96,653 827,672 276,088 1,103,760 100.00# Treasury Department Business 3,5^6 4,377 3,064 3,495 2,777 3,417 4,312 3,262 1,558 2,979 1,408 4,499 38,694 25,895 64,589 5-85# War Finance Corporation Business „ - - — - - Net Federal Reserve Bank Business 30,664 127,727 35,347 69,497 42,846 54,610 98,481 68,178 37,672 70,145 61,657 92,154 788,978 250,193 1,039,171 94.15# X-4751-a Percent of t o t a l bank Business (*) 3-89 16.19 4.48 8.81 5.43 6.92 12.48 8.64 4.77 8.89 7.82 11.68 100.00# (*) These p e r c e n t a g e s used in c a l c u l a t i n g the pro r a t a share of leased wire expense as shown on the accompanying statement (X-4751-b) (l) Number of words sent by New York to o t h e r F. R. Banks f o r t h e i r sole b e n e f i t charged t o banks i n d i c a t e d , i n accordance with action taken a t Governors' Conference November 2 - 4 , 1925* REPORT OF EXPENSE MAIN LINE FEDERAL- RESERVE LEASED WIRE SYSTEM, NOVEMBER, 1926. Name of Bank Operators' Salaries Boston $ 260.00 New York 944.16 Philadelphia 216.66 Cleveland 284.50 Richmond 199.00 Atlanta 255.00 Chicago 3,923.62(f) S t . Louis 200.00 Minneapolis IS3.34 Kansas City 275-64 Dallas 251.OO San Franc iaco 370.00 F e d e r a l Reserve Board Total (&) (#) (*) (a) (b) $7,362.92 Operators' Overtime $ 1.00 - - - - - - - - 2.00 - — - - - - - - - - — - $ Wire Rental 3.00 $15,337*36 $15,337.36 X-l+751-b Total Expenses Pro R a t a Share of To t a l Expenses Credits $ $ $ 260.00 945.16 216.66 284.50 199.00 255.00 3.925.62 200.00 1&3.34 275-64 251.00 370.00 15,337.36 831.48 3,460.57 957.59 1,883.12 1,160.65 1,479.13 2,667.57 1,846.78 1,019.58 1,900.21 1,671.50 2,496.57 - $22,703.28 $21,374.75 1.128.53(a) $21,374.75 260.00 945.16 216,66 284,50 199=00 255,00 3,923.62 200.00 183.34 275,64 251.OO 370.00 Payable to F e d e r a l Reserve Board $ 571.48 2,515.41 740,93 1,598.62 1,166,32 (&) 1,224-13 1,255.05(*) 1,646.78 -836-24 1,624,57 1,420.50 2,126.57 - $7,365.92 $15,471,55 _L258^(b) $14,213-50 I n c l u d e s $204.67 f o r branch l i n e b u s i n e s s t r a n s m i t t e d over main l i n e c i r c u i t . 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 $1,328..53 from Treasury Department c o v e r i n g b u s i n e s s f o r t h e month of November, 1926 Amount r e i m b u r s a b l e to Chicago &
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