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607 f e c i a l reserve pqard WASHINGTON address official correspondence t o the federal reserve board X-7045 December 17, 1931. SUBJECT: Expense, Main Lines, Leased Wire System, November, 1931. Dear S i r : Enclosed herewith you w i l l f i n d two mimeographed statements, X-7045-a and X-7045-!b, covering i n d e t a i l operations of the main l i n e s , Leased Wire System, during the month of November, 1931. Please c r e d i t the amount payable by your "bank i n the general account, Treasurer, U. S., on your "books, and issue C/D Form 1, National Banks, f o r account of wSalaries and Expenses, Federal Reserve Board, Special Fund", Leased Wire System, sending duplicate C/D to the Federal Reserve Board. Very t r u l y yours, Fiscal Agent. Enclosures. TO GOVERNORS OF ALL F. R. BANKS. X-7045-a REPORT SHOWING CLASSIFICATION A D NUMBER OF W R S TRANSMITTED OVER MAIN LINES N OD OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE M N H OF NOVEMBER, 1931. OT Business reported by banks From "Boston New York Philadelphia Sleveland Richmond Atlanta Chicago S±_ Louis Minneapolis Kansas City BaHas San "Francisco To t a l Words sent by New York chargeable to other F. R. Banks ( l ) 24,281 133,723 28,926 64,397 53,760 50,958 85 , 755 64,864 31,798 77,419 65,824 87.483 769,188 2,563 1,846 2,754 1,805 5,999 3,013 1,835 6,285 2,462 13,046 4,035 45,643 F-rB. Board business Net Federal reserve bank business 26,844 133,723 30,772 67.151 55,565 56,957 88,768 66,699 38,083 79,881 78,870 91,518 814,831 Percent of t o t a l bank business (*) 3.30 16.4l 3-78 8.24 6.82 6.99 10.89 8.19 4.67 9.80 9.68 11.23 100.00 281,048 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 (*) 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-JOU^-h)• (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 indicated in accordance with a c t i o n taken at Governors' Conference November 2 - 4 , 1925. 1,095,879 92,088 1,187,967 X-7045--b REPORT OF EXPENSE MAIN LINES FEDERAL RESERVE LEASED WIRE SYSTEM, NOVEMBER, 1931, Name of bank Boston Hew York Philadelphia Cleveland Richmond Atlanta Chicago JE&- Louis Minneapolis Kansas City Dall-as San Francisco Federal Reserve Board Total (&) (#) (*) (a) (b) Operators' salaries $260.00 1,134.15 225.00 306.66 225.00 270.00 3,599.20 (#) 200.00 200.00 278.50 251.00 380.00 — $7,329.51 Operators « overtime $ - — 5.00 - 1.50 - - $6.50 Wire rental $ Total expenses Pre r a t a share of total expenses f. - $260.00 $704.46 1,134.15 3,503.06 — » 806.92 225.00 — 306.66 1,759.00 230.00 (&) 455.00 1,455-87 — 270.00 1,492.17 3,604.20 2,324.70 200.00 1,748.33 200.00 996.91 2,092.02 278.50 2,066.4o 252.50 380.00 2,397.28 15,574.93 15,574.93 $15,804.93 $23,140.94 $21,347.12 1.793.82(a) $21,347.12 — Credits $260.00 1,134.15 225.00 306.66 455.00 270.00 3,604.20 200.00 200.00 278.50 252.50 380.00 — $7,566.01 Payable to Federal Reserve Board $444.46 2,368.91 581.92 1,452.34 1,000.87 1,222.17 1,279.50 (*) 1,548.33 796.91 1,813.52 1,813.90 2,017.28 —* $15,060.61 1.279.50 (b) $13,781.11 Main l i n e r e n t a l , Richmond-Washington. Includes s a l a r i e s of Washington o p e r a t o r s . Credit. Received $1,793*22 from Treasury Department covering business f o r the month of November, 1931Amount reimbursable to Chicago. o
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