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' FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD X-6183 November 23, 1928. SUBJECT: Expense, Ilain Line, Leased. Wire System, October, 1928. Dear Sir; Enclosed herewith you v;ill f i n d two mimeograph statements, X-6183-a and X-6183-b, covering in d e t a i l operations of the main l i n e , Leased Tfirc System, daring the month of October, 1S28. Please c r e d i t the amount payable by your bank in the general account, Treasurer, U.. S., on your books, and issue C/D Form 1, Rational Banks-, for account of "Salaries and Expenses, Federal Reserve Board, Special Fund", Leased Wire System, sending duplicate C/D to the Federal Reserve Board. Yours very t r u l y . Fiscal Agent Enclosures. TO GOVERNORS OF ALL F. R. BAMS EXCEPT CHICAGO. 344 REPORT SHOTIITG CLASSIFICATION AITD MJMBER OF WORDS TRANSMITTED OVER ™A ' I1T LIKE 0? THE FEDERAL R3STRV3 LEASED WIR3 SYST7, 7 FOR THE "OHTH OF OCTOBER, 1928. S| / From Boston Hew York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis -Minneapolis Kansas City Dallas San Francisco Total Business reported "by banks Words sent by New York chargeable to other F. R. Banks (1) 32,532 178,483 38,420 95,972 6l,588 1,435 1,195 2,701 2,39° 7,856 2,657 2,223 2,921 2,735 11,627 2,678 40,424 1 0 , ^ 0 0 120,308 83,203 33,634 87,077 86,796 111.936 ; 1,000,499 F. R. Board business . Net Federal Reserve Bank business 34,017 178,483 39,615 98,673 63,984 78,356 .122,965 85,426 36,555 89,812 98,423 llU,6l4 1,040,923 Percent of t o t a l "bank business(*) 3.27 17*15 3-80 9*48 6.15 7 - 53 11.81 8.21 3*51 8.63 9.45 11-01 100.00 258.876 Treasury Department business - Incoming and Outgoing Total words transmitted over main l i n e s (*) These percentages used in c a l c u l a t i n g the r>ro r a t a share of leased wire exoense as shown on the accompanying statement (X-6l83~b). (l) Number of words sent by Mew York to other F. R. Banks f o r t h e i r sole 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 a t Governors' Conference November 2 - 4 , I925. Digitized for 1 FRASER http://fraser.stlouisfed.org/ » Federal Reserve Bank of St. Louis X-6l53-a 1,299,799 197.872 1,497,671 to p." X-6l83-b REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIRE SYSTEM, OCTOBER, 1928. Name of Bank Operators' Salaries $ 260.00 Boston 987.46 New York 225.00 Philadelphia 296.66 Cleveland 190.00 Richmond 270.00 Atlanta 3,940.69 (#) Chicago 205.00 S t . Louis 177.90 Minneapolis 275-64 Kansas City 251.00 Dallas 370.00 San Francisco Federal Reserve Board Total (&) (#) (*) (a) (b) $7,449.35 Operators 1 Overtime $ 1.00 1.00 6.00 $ 8.00 Wire Rental Total Expenses Pro Rata Share of Total Expenses Credits 260.00 $ 649.33 982.46 3,405.50 225.00 754.57 296.66 1,882.46 230.00 (&) 420.00 1,221.22 270.00 1,495.25 - . 3,941.69 2,345.13 211.00 1,630.27 177.90 696.99 275.64 1,713.67 251.00 1,876.50 370.00 2,186.27 15,192.72 15.192.72 $ 260.00 988.46 225.00 296.66 420.00 270.00 3,941.69 211.00 177.90 275.64 251.00 370.00 $22,880.07 $19,857.16 3.022.91(a) $19,857.16 $7,687-35 $ - $15,422.72 - $ Payable to Federal Reserve Board $ 389-33 2,417.04 529.57 1,585.80 801.22 1,225.25 1,596.56 (*) 1,419.27 519.09 1,438.03 1,625.50 1,816.27 $13,766.37 1.596.56(b) $12,169.81 Main Line r e n t a l , Richmond—Washington. Includes s a l a r i e s of Washington o p e r a t o r s . Credit. Received $3,022.91 from Treasury Department covering business f o r the month of October, 1928. Amount reimbursable to Chicago. I
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