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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-6203 December 20, 1928. SUBJECT: Expense, Main Line, Leased Wire System, November, 1923. Dear S i r : Enclosed, herewith you will f i n d two mimeograph statements, X-o203~a and X-6203-b, covering in d e t a i l operations of t h e main l i n e , Leased Wire System, during the month of November, 1923. Please c r e d i t the amount payable by your bank in the general account, Treasurer, U. S., on your books, and issue C/D Form 1, National Banks, f o r account of " S a l a r i e s and Expenses, Federal Reserve Board, Special Fund", 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 A D NUMBER OFJTORDS TRANSMITTED OVER MAIN LINE M OF THE FEDERAL RESERVE LEASED HRE SYSTEM FOR THE M N H OF NOVEMBER, 1928 OT Business reported by banks From Boston New Yoik Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total Words sent byNew York chargeable to other F. R. Banks ( l ) Net Federal Reserve Bank business 1,232 1,060 3,147 2,754 7,985 3,068 1,123 3,202 355 12,149 3,360 39,465 30,739 157,644 34,662 88,586 56,367 69,317 112,923 75,288 36,123 78,287 87,693 105,508 933,137 29,507 157,644 33,602 85,439 53,613 61,332 109,855 74,165 32,921 77,902 75,544 102,148 $ 893,672 F. R. Board business X-6203-a Percent of t o t a l bank business(*) 3.29 16.89 3.72 9.49 6.04 7.U3 12.10 8.07 3.87 8.39 9.40 11.31 looToo 232,420 Treasury Department business - Incoming and Outgoing Total words t r a n s m i t t e d over main l i n e s (*) 117,070 1,282,62% These percentages 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-6203-b). (1) 1,165,557 Number of words sent by New York to other F. R. Banks f o r t h e i r sole b e n e f i t charged to banks indicated in accordance with a c t i o n taken a t Governors' Conference November 2 - 4 , 1925. CD 01 REPORT OF EXPENSE frAI!T LIKE FEDERAL RESERVE LEASED WIRE NOVBIBEB, 1928. X-6203-b S I S T E K , Name of Bank Operators' Salaries $ 260.00 Boston Hew York 927-46 Philadelphia 225.OO Cleveland 296.66 Richmond 190.00 Atlanta 270.00 Chicago 4,015.30 (#) St. Louis 205.00 Minneapolis 177.90 Kansas City275.64 Dallas 251.00 San Franc isco 370.00 Federal Reserve Board Total $7,523.96 (&) (#) (*) 5,1 Operators f Overtime $ - - 1.00 — — 1.00 Total Expenses Credits 260.00 $ $260.00 695.77 987.46 927.46 3,571.92 225.00 225.00 726.71 296.66 2,006.96 296.66 230.00(A) 420.00 420.00 1,277.35 270.00 270.00 1,571.31 4,015.30 2,552.92 4,015.30 206.00 206.00 1,706.65 212.43 177.90 177.90 275.64 275.64 1,774.33 251.00 251.00 1,927.93 — 370.00 370.00 2,391.25 15,517.32 15,517.32 $15,747.32 $ 23,272.22$ 21,142.13 $7,754.96 2,124.15(a) $ 21,142.13 $ - $ Wire Rental Pro Rata Share of Total Exoenses - $ *— - — - - — Payable to Federal Reserve Board $ 435.77 2,524.46 561.71 1,710.30 857-35 1,301.31 1,456.32 (* 1,500.65 640.53 1,492.69 1,736.93 2,021.25 - — $14,249.55 1.456.38(b) $13,393.17 Main l i n e r e n t a l , Richmond-Washington. Includes s a l a r i e s of Washington operators. Credit. Received $2,124.15 from Treasury Department covering "business f o r the .nonth of ITovember, 1922. Mount reimbursable to Chicago.
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