The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
191 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON 8-916 A D D R E S S OFFICIAL C O R R E S P O N D E N C E TO THE BOARD November 18, 194-1 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 1941. Please credit the amount payable by 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 THE PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND REPORT OF EXPENSES Of MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF OCTOBER 1941 Words Sent b/ M. I. Chargeable to Other F.R. Banks Total Words Chargeable Pro Rata Share of Total Expenses (l) Expenses Paid Banks and Board (2} R-9i6-a Payable to Board of Governors Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 40,361 95,982 26,971 51,173 380 381 40,742 1 373-32 | 148.70 522.52 $ 1,230.97 1,040.92 190.05 95,982 27,351 350.78 265.45 85.33 661.18 322.96 338.22 51,554 Richmond Atlanta Chicago St. Louis 64,322 54,834 79,360 56,770 . 379 379 428 378 6Z.,701 55,213 79,788 57,148 Minneapolis Kansas City Dallas San Francisco 23,932 53,056 45,330 75,049 379 379 442 381 24,311 53,435 45,822 75,430 ' Board of Governors Total 713,673 1,380,863 381 - — 4,287 713,673 829.79 708.11 1,023.28 732.92 374.82 261.44 1,330.27 277.17 311.79 685.30 587.67 967.39 183.85 203.91 327.60 460.73 9,152.87 12,341.63 454.97 446.67 306.99(a) 455.75 127.94 481.39 260.07 506.66 1,385,150 $17,764-57 $17,764-57 $3,495-75 306.99(a) $3,138.76 (1) Based on cost per word ($.012825015) 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 ($1,166.28) and wire rental (#11,578.89) less amount ($403.54) 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 and Reconstruction Finance 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 messagesj also overtime and supper money and Retirement System contributions at the current service rate. (a) Credit—reimbursable to Chicago.
@FedFRASER