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FEDERAL RESERVE BOARD
.
m.g
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE T O
T H E FEDERAL RESERVE BOARD
X-5022
December I f , 1927.
SUBJECT:
Expense, Main Line, Leased Wire System,
November, 1927.
Dear S i r :
Enclosed, herewith you w i l l f i n d two mimeograph statements, X-5022-a and X-5022-b, covering i n
d e t a i l operations of the main l i n e , Leased Wire
System, during the month of November, 1927.
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, National Banks,
f o r account of "Salaries and Expenses, Federal Reserve
Board, Special Fund", Leased Wire System, sending
duplicate C/D to the Federal Reserve Board.
Yours very t r u l y ,
F i s c a l Agent.
TO GOVERNORS OF ALL F.R. BANKS EXCEPT CHICAGO.
Enclosures:
x
1
X-5022-&
REPORT SHOWING CLASSIFICATION AND NUMBER OFTOEDS TRANSMITTED OVER MAIN LINE
OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF NOVEMBER, 1927.
From
Boston
New York
P h i l a d e l ">h.ia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
5sn Francisco
Total
Words sent
by New York
chargeable
to other
F.R.Banks ( l )
Business
reported
by banks
37,051
147,T30
43,671
78,760
50,495
60,009 .
112,216
83,597
36,378
83,995
77,281
112,340
923,523
1,407
1,187
2,051
2,777
2,090
3,079
2,691
2,839
2,792
6,817
2,272
•
30,002
Total
Treasury
Department
Bus ine s s
38,45S
147,730
44,858
80,811
53,272
62,099
115,295
86,288
39,217
86,787
84,098
114,612
6,563
12,126
5,904
7,437
6,351
9,039
13,016
7,820
4,389
8,320
5,824
9,409
953,525
433,066
1,386,591
100.00£
96,19s
160,42s
256,626
18.51%
War Finance
Corporation
Business
218
218
.01$
Net Federal
Reserve Bank
Business
31,895
135,386
38,954
73,374
46, 921
53,060
102,279
78,46s
34,82878,467
78,274
105,203
.
857,109
272,638
1,129,747
81.48#
(*) 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 l e a s e d wire expense as shown on the
accompanying statement (X-5022-"b)
( l ) Number of words sent by New York to other F.R. Banks f o r t h e i r s o l e b e n e f i t charged to banks
i n d i c a t e d i n accordance with a c t i o n taken a t Governors 1 Conference November 2 - 4, 1925.
Per cent of
t o t a l bank
Business (*)
3-72
15.80
4.55
8.56
5.47
6.19
11-93
9.16
4.06
9.16
Q.13
12.27
100.00
X-5022-b
R~~0RT OF EXPENSE :\M7. LUTE
FEDERAL RESERVE LEASED TIES SYSTEM, NOVEMBER, 192?.
Name of Bank
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas City
Dallas
San Francisco
Federal Reserve Board
Total
("&)
(#)
(*)
(a)
Ooerato rs 1
Salaries
$2b0.00
947.97
225.00
296.66
190.00
270.00
3 , 9 1 2 . 7 5 (#)
203.00
199.73
275-64
251.00
370.00
$7,401.75
Operators 1
Overtime
$
2.00
-
—
-
,
1.00
-
13.13
2.25
-
$15.38
Wire
Rental
Total
Expenses
Pro Rata
Share o f
Total
Exoenses
$260.00
$690.28
2,931.26
949.97
—
844.30
225.00
1,588.40
296.06
1,015.02
190.00
1,145.62
270.00
2,213.74
3,913.75
203.00
1,699.74
199.73
753.32
1,699.74
288.77
1,694.17
253.25
2,276.33
370.00
$ 1 5 , 3 5 3 . 3 5 15353.35
$15,353-35322773.48
$18,556.08
4217.40 ( a )
$18556.08
-
Credits
Payable to
Federal
Reserve
Board
$260.00
949.97
225.00
29S.66
190.00
270.00
3,913.75
203.00
199.73
288.77
253.25
370.00
$430.28
1.981.89
619.30
1,291.74
1 , 0 2 9 . 0 9 (&)
878.62
1,700.01 (*)
1,496.74
553.65
1,410.97
1,440.92
1,906.83
$7,420.13
$13,040.63
_ 1 , 7 0 0 . 0 1 (b)
$11,340.62
Includes $204.67 f o r branch l i n e "business transmitted over main l i n e c i r c u i t .
Includes s a l a r i e s of Washington Operators.
,
Credit.
Received $ 4 , 2 1 4 . 8 5 from Treasury Department and $2.55 from War Finance Corporation c o v e r i n g b u s i n e s s f o r the
month of November, 1327.
(b) Amount reimbursable to Chicago.
@FedFRASER