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402' FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o t h e federal reserve board X-9050 December 17, 1934 SUBJECT: Expense, Main L i n e s , Leased Wire System, November, 1934. Dear S i r : Inclosed, h e r e w i t h you w i l l find, two mimeographed s t a t e m e n t s , X-9050-a and X-9050-b, c o v e r i n g i n d e t a i l o p e r a t i o n s of t h e main l i n e s , Leased Wire System, d u r i n g t h e month of November, 1934. P l e a s e c r e d i t t h e amount p a y a b l e "by your hank f o r your s h a r e of t h e expense of t h e Leased Wire System, t o t h e F e d e r a l Reserve Bank of Richmond i n your d a i l y s t a t e m e n t of c r e d i t s t h r o u g h t h e Gold S e t t l e m e n t Fund f o r t h e account of t h e F e d e r a l Reserve Board, and a d v i s e t h e F e d e r a l Reserve Bank of Richmond "by w i r e t h e amount and purpose of t h e c r e d i t . Very t r u l y y o u r s , Q-€ F i s c a l Agent. Inclosures. TO GOVERNORS OF ALL F . R. BANKS - X—9050—a REPORT SHCWIFG CLASSIFICATION AIT NUMBER OF WORDS TRANSMITTED OVER MAIK LIMES OF TEE FEDERAL RESERVE LEASED WISE SYSTEM FOR TEE MOJVTE OF FOVELiBER, 1934 Business reported by banks From Boston 17ew York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas CityDallas San Francisco Total 32,o4o 149,635 25,228 44,076 45,996 45,732 75,395 58,791 33,876 58,960 49,872 81,094 700,715 F. R. Board business Words sent by ITew York chargeable to other F. R. Banks (1) 1,617 - 1,739 1,576 1,622 1,542 1,976 1,809 1,501 1,723 2,097 3,107 20,309 2!et Federal reserve bank business 4.67 20.75 3.74 6-33 6.60 6.56 10.73 8.40 4.91 8.42 7.21 11.68 100.00 33,657 149,635 26,967 45,652 47,618 47,274 77,371 60,600 35,377 60,703 51,969 84,201 721,024 317,744 1,038,768 Reimbursable business Incoming & Outgoing Total words transmitted over main l i n e s 574,360 • (*) These percentages used in c a l c u l a t i n g the pro rata share of l e a s e d " i r e expense as shown on the accompanying statement (X-9050-b) (l) Uumber of words sent by i'ew York to other F. R. Banks for t h e i r s o l e b e n e f i t charged to banks indicated in accordance with action taken at Governors' conference "ovenrber 2-4, 1925 Per cent of t o t a l bank business (*) 1,613,128 O Cv 41 X-5050-b REPORT OF EXPENSE iO.117 LIMES FEDERAL RESERVE LEASED WIRE SYSTEM, NOVEMBER, 1934. Name of bank Operators' Salaries Retirement Contributions $260.00 Boston $ 23.40 121.12 $Tew York 1,345.80 Philadelphia 225.00 20.25 Cleveland 306.66 27.60 Richmond 190.00 17.10 Atlanta 270.00 24.30 Chicago 4,057.60 (#) 371.50 St. Louis 195.00 17.55 200.00 18.00 Minneapolis Kansas City287.00 25.83 251.00 Dallas 22.59 San Francisco 380.00 34.20 Federal Reserve Bd. Total $7,968.06 $723.44 Operators 1 overtime (&) (#) (*) (a) Main l i n e rental, Richmond--7a shington Includes s a l a r i e s of Washington operators. CreditAmount reimbursable to Chicago. Total expenses $ - $283.40 $737 1,466.92 3,276 245.25 • 59 334.26 999 .58 1,042 .22 230.00 (&) 437.10 294.30 1,035 .90 4,431.10 1,694 2.00 1,326 212.55 218.00 775 .34 312.83 1,329 .61 1,138 273.59 1,844 414.20 15,598.73 1?.598.73 = $24,522.23 $15,791.15 $2.00 $15,828.73 $ Less Reimbursable Charges Wire rental Pro rata share of total expenses :S 8,731.08 $15,791.15 Credits Payable to Federal Reserve Board 5283.40 1,466.92 245.25 334.26 437.10 294.30 4,431.10 212.55 218.00 312.83 273.59 4l4.20 $454.05 1,809.74 345.34 665.32 605.12 741.60 2,736.7l(*) 1,113.91 557.34 1,016.78 864.95 1,430.21 $8,923.50 $9,604.35 2,736.71(a) $6,867.65 O
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