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X-5001 FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD November 18, 1927. SUBJECT? Expense, Main Line, Leased Wire System, October, 1927. Dear S i r : Enclosed herewith you w i l l f i n d two mimeograph statements, X5001-a and X-5001-b, covering in d e t a i l operations of the main l i n e , Leased Wire System, during the month of October, 1927. P l e a s e c r e d i t the anount payable by your bank in the general account, Treasurer, U. S . , on your books, and i s s u e C/D Form 1, National Banks, f o r account of "Salaries and Expenses, Federal Reserve Board, S p e c i a l Fund", Leased Wire System, sending d u p l i c a t e C/D to the Federal Reserve Board. Yours very t r u l y , F i s c a l Agent* TO GOVERNORS OF ALL F.R. BANKS EXCEPT CHICAGO. Enclosures: X-5001-a REPORT SHOWING- CLASSIFICATION AMD NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF OCTOBER, 1927. Business reported by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total Words sent by New York chargeable to other F.R.Banks ( l ) 37,230 154,902 44,205 81,385 49,803 64,6o4 115,169 22,326 36,144 80,490 74,935 111,177 2,04g 932,370 37,517 - 1,880 3,065 4,190 2,992 3,153 3,104 3,548 3,674 6,809 3,054 Total Treasury Department Business Net Federal Reserve Bank Business Per cent of t o t a l bank Business (*) 39,278 154,902 46,085 84,450 53,993 67,596 118,122 85,430 39,692 84,164 81,744 114,231 5,506 12,418 4,475 5,722 5,552 6,539 9,784 6,115 3,272 6,999 3,957 7,006 3^,772 142,484 41,610 78,728 48,441 61,057 108,538 79,315 36,420 77,165 77,7^7 107,225 3.78 15.97 4,66 8.82 5.43 6.84 12.16 8.89 4.08 8.65 8.71 12.01 969,887 377,025 1,346,912 100.00^ 77,375 95,33% 172,713 12.82^ 592,512 281,687 1,174,199 87.18*% 100.00 (*) 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 wire expense as shown an the accompanying statement (X-5001-b) (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 i n d i c a t e d in accordance with a c t i o n taken at Governors' Conference November 2 - 4 , 1925. X-5001-b REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIRE SYSTEM, OCTOBER, Name of Bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas CityDallas San Francisco Federal Reserve Board Total (&) (#) (*) (a) (h) Operators' Salaries Operators' Overtime $260.00. 974.97 225.00 296.66 190.00 270.00 3,924.79(f) 204.06 193.73 275.64 251.00 370.00 $7,435.85 - Wire Rental $15,338.51 $15,336.51 Total Expenses 4:260. 00 974. 97 225. 00 296. 66 • I P O . 00 270. 00 3 , 5 2 4 . 79 204. Ob 193. 73 275. 64 251. 00 370. 00 15,338. 5 1 $22,774 36 2,920 J i ( a ) $19,854, 03 192?. Pro Rata Share of Total Expenses $750.48 3,170.69 925.20 1,751.13 1.07S.07 1,353.02 2,414.25 1,765.02 810.04 1,717.37 1,729.29 2,384.47 Credits $260.00 974.97 225.OO 296.66 190.00 270.00 3,924.79 204.06 193.73 275-64 251.00 370.00 Payable to Federal Reserve Board $490. 48 2 , 1 9 5 . 72 700. 20 1 , 4 5 4 . 47 1 , 0 9 2 . ?4(&) 1,088. 02 1 , 5 1 0 . 54(*) 1,560. 96 6l6. 31 1 , 4 4 1 . 73 1 , 4 7 8 . 29 2 , 0 1 4 . 47 $ 1 9 , 8 5 4 . 0 3 $ 7 , 4 3 5 . 3 5 $14,133-39 1.510.54(h) $12,622.85 Includes .*204.67 f o r branch l i n e b u s i n e s s transmitted over main l i n e c i r c u i t . Includes s a l a r i e s of Washington Operators. Credit. Received $ 2 , 9 2 0 . 3 3 from Treasury Department covering b u s i n e s s f o r the month of October, 192" Amount reimbursable to Chicago. pss&i rr,
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