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207 BOARD OF G O V E R N O R S »»»»»»» /jgSSSk- OF THE FEDERAL RESERVE SYSTEM R-733 WASHINGTON ADDRESS OFFICIAL C O R R E S P O N D E N C E TO THE BOARD November 19, 194-0 Dear Sir: There is attached a copy of the report of expenses of the main lines of the Federal Reserve Leased Wire System for the month of October 1940. Please credit the amount payable ty your Bank to the Board, as shown in the last column of the statement, to the Federal Reserve Bank of Richmond 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 Richmond ty mail the amount and purpose of the credit. Very truly yours, 0. E. Foulk, Fiscal Agent. Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND 208 R-733-a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF OCTOBER 194-0 Words Sent ty N. Y. Chargeable to Other F.R. Banks Total Words Chargeable Pro Rata Share of Total Expenses (1) Expenses Paid by Banks and Board. (2) Payable to Board of Governors 347.79 916.66 239.93 253.43 1£ 100.45 309.17 62.21 320.04 Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 26,900 76,486 17,774 34,695 1,068 1,078 1,087 2.7,968 : I 448.24 1 1,225.83 76,486 18,852 302.14 35,782 573.47 Richmond Atlanta Chicago St. Louis 39,184 42,208 64,585 42,881 1,060 1,057 1,136 1,059 40,244 43,265 65,721 43,940 644.98 693.40 1,053.30 704.22 310.96 228.81 1,273.71 257.80 Minneapolis Kansas City Dallas San Francisco 22,213 47,937 37,317 54,832 1,057 1,059 1,133 1,077 23,270 48,996 38,450 55,909 372.95 785.25 616.23 896.05 191.37 273.01 275.18 447.37 - Board of Governors 429,174 — 429,174 6,878.31 10,178.35 Total 936,186 11,871 948,057 $15,194.37 $15,194.37 334.02 464.59 220.41(a) 446.42 181.58 512.24 341.05 448.68 - $3,520.45 220.41(a) $3,300.04 (1) Based on cost per word ($.016026853) for business handled during the month. (2) Payments ty Banks are for personal services and supplies and payments ty Board are for personal services and supplies ($1,157.98) and wire rental ($9,442.07) less amount ($421.70) representing reimbursement for the cost of sending messages between the Washington office of the Leased Wire System and the local telegraph offices of the Treasury, Reconstruction Finance Corporation and the Commodity Credit Corporation. 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. (a) Credit—reimbursable to Chicago. NOTE: The attached letter was distributed on November 23, 1940, under the Symbol number R-733.- The number should have been R-73^, and the attached page should, therefore be substituted for the previous one and the appropriate change in symbol numbers made on the enclosures. Attachment.
@FedFRASER