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R-558
238
BOARD OF GOVERNORS
OF" THE
FEDERAL RESERVE SYSTEM
WASHINGTON
ACOREISS OFFICIAL CORRESPONDENCE
TO THE BOARD
December 15, 1958.
Dear Sir:
There is attached a cogy of the report
of' expenses of the main lines of the Federal
Reserve Leased Wire System for the month of
November, 1958.
Please credit the amount payable qy
your bank to the Board, as shown in the last
colunm of' the statement, to the Federal Reserve
Bank of F.ichmond in your daily statement of
credits through the Interdistrict Settlement
Fund for the account of the Board of Governors
of the Federal Reserve System, and advise the
Federal Reserve Bank of Ricrunond by wire the
amount and purposo of the credit.
Very tru.ly yours,
0. E. Foulk,
Fiscal Agent.
r
Inclosure.
TO PiffiSIDENTS OF ALL FEDERAL RESERVE BANKS
EXCEPT RICHMOND
239
R-358-a
REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE
LEASED WIRE SYSTEM FOR THE MONTH OF NOVEMBER, 1838.
Words Sent
~·
..
<i
Federal
Reserve
Bank
Number
of Words
Sent
Boston
New York
Philadelphia
Cleveland
21,965
60,401
16,440
26,668
420
Richmond
Atlanta
Chicago
St. Louis
23,307
36,972
54,550
56,850
412
Minneapolis
Kansas City
Dallas
San Francisco
15,667
39,877
30,484
42,405
403
403
403
Board of
Governors
218,856
Total
624,242
by N. y •
Chargeable
to Other
F.R. Banks
413
415
,;~:o5
701
405
466
4,842
Total
viords
Chargeable
Pro Rata
Share of
Total Expenses (1)
554.40
22,585 $
60,401
1,495.92
16,853
417.59
27,085
670.75
$
Expenses
Paid
by Banks
and
Board{2}
Payable
to
Board
of Governors
332.65
1,035.05
246.68
210.03
$ 221.75
462.87
170.71
460.72
25,719
57,575
55,051
57,253
587.43
925.64
1,363.42
922.62
200.51
299.32
1,234.71
255.86
387.12
626.32
128.71
666.76
16,070
40,280
30,887
42,871
398.00
997.59
764.96
1,061. 76
158.08
205.77
278.00
573.25
239.92
791.82
486.96
688.51
218,856
5,420.28
10,752.45
629,084
~15,580.16
$15,580.16
$5,332.17
(1)
Based on cost per word ($.0247-66422) for business handled during the month.
(2)
Payments by banks are for personal services and supplies and payments by
Board are for personal services and supplies ($1,596.55) and wire rental
(~9,155.90).
Personal services include salaries of main line operators and
of clerical help engaged in work on main line business, such as counting
the number of words in messages; also overtime and supper money and
Retirement System contributions at the current service rate.
@FedFRASER