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FEDERAL RESERVE BOARD WASHINGTON address official correspondence t o the federal reserve board X-7697 November 29» 1933* SUBJECT: Expense, Main Lines, Leased Wire System, October, 1933 • Dear Sir: Inclosed herewith you w i l l f i n d two mimeographed statements, X-7697-a and X-7697-b> covering i n d e t a i l opera t i o n s of the main l i n e s , Leased Wire System, during the month of October, 1933* P l e a s e 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 d a i l y statement of c r e d i t s through the Gold Settlement Fund f o r the account of the Federal Reserve Board, and advise the Federal Reserve Bank of Richmond by ? i r e the amount and purpose of the c r e d i t . Very t r u l y yours, F i s c a l Agent. Inclosures. TO GOVERNORS OF ALL F. R. BANKS. 4 4 8 x-7697-a REPORT SHOWING CLASSIFICATION AND NUMBER OF W R S TRANSMITTED OVER MAIN LINES OD OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE M N H OF OCTOBER, 1933. OT Business reported by banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas City Dallas San Francisco Total Words sent by New York chargeable to other F. R. Banks ( l ) 37,434 152,734 35,287 56,049 59,191 54,916 88,675 63,650 36,302 76,278 63,323 96,238 820,077 2,173 — 2,403 2,222 2,221 2,136 2,066 2,664 2,194 2,259 3,062 3,977 27,377 Net Federal reserve bank business Percent of t o t a l bank business (*) 39,607 152,734 37,690 58,271 61,412 57,052 90,741 66,314 38,496 78,537 66,385 100,215 847,454 4.67 18.02 4.45 6.88 7.25 6.73 10.71 7.82 4.54 9.27 7-83 11.83 100*00 F. R. Board business . . 328,526 Reimbursable business Incoming & Outgoing. . . . . . . . . . . 1,175,980 . . . . . . . Total words transmitted over main l i n e s . (*) Number of words s e n t by New York to other F. R. Banks for t h e i r sole b e n e f i t charged t o banks indicated in accordance with a c t i o n taken at Governors' Conference November 2 - 4 , 1925• 658,888 1,834,868 These percentages used in calculating the pro r a t a share of l e a s e d wire expense a s shown on the accompanying statement (X~7697-"b) • (l) . CD x-7697-b REPORT OF EXFEKSE MAIN LIMES FEDERAL RESERVE LEASED SIRE SYSTEM, OCTOBER, 1933. Name of Bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Federal Reserve Board Total Operators' salaries Operators' overtime $260.00 $ 1,284.14 22.00 — 225.00 — 306.66 — 358.00 — 270.00 3,895.00 (#) 16.00 — 195.00 216.90 287.00 .60 251.00 380.00 — $38.60 $7,928.70 Wire rental $260.00 1,306.14 225.00 306.66 588.00 230.00 (&) 270.00 3,911.00 — 195.00 — 216.90 — 287.00 251.60 — 380.00 15,670.71 15,670.71 $23,868.01 $15,900.71 $ Reimbursable charges: Treasury Department $3,694.68 Reconstruction Finance Corporation . 3,616.10 Exp. Hat. Ekg. Emergency Act, 3~9~33 1,015.30 Comp. Currency Div. Insolv.ITat 1 l.Bks 81.12 Department of Agriculture 22.06 2.04 Federal Home Loan Bank Board Farzp Credit Administration: Federal Farm Loan Bureau 17.81 Federal Farm Board 121.72 Less Reimbursable Charges (&) Main l i n e r e n t a l , Richmond-Washington (#) Includes s a l a r i e s of Washington operators (*) Credit (a) Amount reimbursable to Chicago Total expenses w . Pro r a t a share of total expenses $714.38 2,756.55 600.72 1,052.45 1,109.04 1,029.50 1,638.33 1,196.24 694.49 1,418.05 1,197.77 1,809.66 Credits $260.00 1,306.14 225.00 306.66 588.00 270.00 3,911.00 195.00 216.90 287.00 251.60 380.00 $454.38 1,450.41 455.72 745.79 521.04 759.50 2 , 2 7 2 . 6 7 (*) 1,001.24 477.59 1,131.05 946.17 1,429.66 - — $15,297.18 Payable to Federal Reserve Board $8,197.30 $9,372.55 2,272.67 (a) $7,099.88 $8,570.83 $15,297.18 Ol O
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