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473 FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board X-9404 December 27, 1955 SUBJECT: Expense, Main Lines, Leased Wire System, November, 1935 Dear Sir: Inclosed herewith you will find two mimeographed statements, X-9404-a and X-9404-b, covering in detail operations of the main lines of the Leased Wire System, during the month of November, 1955 Please credit the amount payable by your bank for your share of the expense of the Leased Wire System to the Federal Reserve Bank of Richmond in your daily statement of credits through the Gold Settlement Fund for the account of the Board of Governors of the Federal Reserve System, and advise the Federal Reserve Bank of Richmond by wire the amount and purpose of the credit. Very truly yours, 0. E. Foulk, Fiscal Agent Inclosures TO GOVERNORS OF ALL F. R. BANKS X-9404-a REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINES OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF NOVEMBER, 1935 Business reported by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total 29,490 119,372 25,700 58,723 42,198 45,641 77,467 57,281 30,232 59,248 50,150 80.456 655,958 Board business Reimbursable business Incoming & Outgoing Total words transmitted over main lines Words sent by New York chargeable to other F. R. Banks (l) Net Federal reserve bank business 966 30,456 119,372 26,722 39,757 43,266 46,622 78,917 58,701 31*224 60,246 51,848 81.829 668,960 - 1,022 1,034 1,068 981 1,450 1,420 992 998 1,698 1.373 13,002 * Per cent of total bank business (*) 4.55 17.84 3.99 5.94 6.47 6.97 11.80 8.78 4.67 9.01 7.75 12.23 100.00 315,952 ....... ....... 984,912 ......... ....... 579,598 . . . . . . . 1,564,310 (*) These percentages used in calculating the pro rata share of leased wire expense as shown on the accompanying statement (X-9404-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, ^ £ X-9404-b REPORT OF EXPENSE MAIN LINES FEDERAL RESERVE LEASED WIRE SYSTEM, NOVEMBER, 1935. Name of bank . Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Board Total (&) 8 Operators' Salaries Retirement Contributions $ 24.65 260.00 115.26 1,274.96 225.00 20.25 27.60 306.66 190.00 17.35 21.52 262.50 4,060.43(#) 302.46 195.00 17.43 199.98 17.09 25.83 287.00 251.00 22.34 380.00 32.03 $ Total expenses $643.81 Pro rata share of total expenses 684.49 $ 284.65 $ 1,398.22 2,683.81 600.25 245.25 893.60 334.26 437.35 973.33 230.00(&) 1,048.55 284.02 4,369.89 1,775.17 7.00 1,320.84 212.43 702.55 217.07 1,355.45 312.83 1,165.89 273.34 — 1,839.86 412.03 15.112.30 15.112.30 $23,893.64 $15,043.79 #15.00 $15,342.30 s s 8.00 - - - - - — - — - - - . - — — — - — — Less Reimbursable Charges Main line rental, Richmond-Washing ton Includes salaries of Washington operators Credit Amount reimbursable to Chicago Includes $327.83, which represents the cost of handling contingent expense telegrams for the Treasury Department for the month of November. Wire rental — — $7,892.53 Operators * overtime — 8.849.85 $15,045.79(b) Credits Payable to Board $ 284.65 $ 399.84 1,398.22 1,285.59 355.00 245.25 559.34 334.26 535.98 437.35 764.53 284.02 4,369.89 2,594.72(*) 212.43 1,108.41 485.48 217.07 312.83 1,042.62 892.55 273.34 412.03 1,427.83 — — $8,781.34 $8,857.17 2.594.72(a) $6,262.45 §
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