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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board X-7316 December 23, 1932. SUBJECT: Expense, Main Lines, Leased Wire System, November, 1932. Dear Sir: Enclosed herewith you will find two mimeograohed statements, and x - 7 3 1 6 - b , covering in detail operations of the main lines, Leased Wire System, during the month of November, 1932. Please credit the amount payable by your bank in the general account, Treasurer, U. S., on your books, and issue C/D Form 1, National Banks, for account of "Salaries and Expenses, Federal Reserve Board, Snecial Fund", Leased Wire System, sending duplicate O/D to the Federal Reserve Board. Very truly yours, Fiscal Agent. Enclosures. TO GOVERNORS of a l l f . R. BAHCS. X-73l6-a REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF NOVEMBER, 1932. Business reported by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis .-Kansas City ^Dallas iSan Francisco Total Words sent by New York chargeable to other F. R. Banks (1) 25,253 123,221 26,546 55,201 48,276 47,327 79,463 59,243 29,756 63,124 54,831 88,545 700,788 1,357 — 1,087 952 1,129 986 1,099 1,599 938 1,071 1,832 2.302 14,352 "JF. R. Board business Net Federal reserve bank business 26,610 123,221 27,633 56,153 49,405 48,313 80,562 60,842 30,696 64,195 56,663 90,847 715,140 Percent of total bank business (*) 3.72 17.23 3.86 7.85 6.91 6.76 11.27 8.51 4.29 8.9% 7.92 12.70 100.00 277,609 Reimbursable business Incoming and Outgoing Total words transmitted over main lines (*) These percentages used in calculating the pro rata share of leased wire expense as shown on the accompanying statement (X-73l6-b). (l) Number of words sent by New York to other F. R. Banks for their sole benefit charged to banks indicated in accordance with action taken at Governors' Conference November 2-4, 1925. 992,749 271,992 1,264,741 x-73i6-t> BEPOHD OF EXPENSE MAIN LINES FEDERAL EE SERVE LEASED WIRE SYSTEM, NOVEMBER, 1932. Name of Bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago Si. Louis Minneapolis .Kansas city Dallas Syn Franci sco Federal Reserve Board Total Operators' salaries 1 Operators' overtime $260.00 1,111.48 225.00 306.66 220.00 270.00 3,724.98 (#) 195.00 200.00 287.50 251.00 380.00 $ $ — — *—• $ Reimbursable charges: Treasury Department. . . . $1,792.18 Reconstruction Finance Corporation . 3,080.84 Federal Farm Loan Board 27.48 Federal Farm Board 53»31 Ocmpt. of Currency, Insolv. Bank Div. 51.2? Less: Reimbursable charges. . . . (&) Main line rental, Richmond-Washington. (#) Includes salaries of Washington operators. ( * ) Credi t. . (a)-Amount reimbursable to Chicago. Total expenses $260.00 1,111.48 — — 225.00 — 306.66 230.00 (&) 450.00 270.00 9.00 3,733-98 195-00 — 200.00 287-50 251.00 380.00 — 15,604.89 : 15,604.89 9-00 $15,834.89 $23,275.51 - - — $7,431.62 Wire rental Pro rata share of total expenses $679.64 3,147.91 705.22 1,434.19 1,262.45 1,235.05 2,059.02 1,554.77 783-78 l$64o.64 1,446,98 2,320.28 — $18,269.93 Credits $260.00 1,111.48 225.00 306.66 450.00 270.00 3,733.9S 195.00 200.00 287.50 251.00 380.00 — $7,670.62 Payable to Federal Reserve Board $419.64 2,036.43 480.22 1,127.53 812.45 965.05 1,674.96 ( 1,359.77 583.78 1,353-14 1,195.93 1,940.28 - $12,274.27 1,674.96 ( $10,599.31 5,005.58 $18,269.93 01 to
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