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FEDERAL RESERVE BOARD
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD
x-4697
.October 15, 1926.
SUBJECT:
Expense, Main tine, Leased Wire System,
Sept enib er, 1926.
Dear Sir:
Jlhclosed nc)rewi th you will find two mimeograph
statements, X-4697-a and X-4697-.;b, cov::ring in detail
operations of the m.;:•. in line, Leased Wire System, during
the month of September, 1926.
Plea.se credit the amount payable by your bank
in the general a.ccount, Treasurer, U. S., on ycur books,
and issue C/D Form 1, Nationa.l Banks, for a.ccou.."lt of
•Salaries and Expans13s, Federa.l Reserve Board, Special
Fund", Leased Wire System, sending duplicate CJD to
tne Federal Reserve Beard.
Yours very truly,
Fl seal Agent.
TO Governors of all :F'.R.Banks except Chicago.
X-4697-a
REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER .lii.AIN LINE
OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF SEPTEMBER,l926.
From
Boston
New York
Philadelphia.
Cleveland
R-ichmond
AtlBlita
Chicago
St.. Lol+is
Minn~olis
Businass
reported
by banks
33,412
133.106
.38,362
76,909
~5.382
62,553
104,678
62,151
36,357
72,579
60,769
105z250
831,810
: Ktm.se.s City
Dallas
San Francisco
_Total
F'.R.Board
Total
Per cent of tota.l
Words sent
by Naw York
chargeable
to other
F.R.Banlts (1)
535
643
1,591
2,843
3,221
2, 753
1,549
1,875
2,293
4,618
2,06~
23,98
Total
33.947
133,108
39,005
78,500
48,22a
65,77
107,431
63,700
}8,232
74,872
65,387
107161~
855,79
;227 2 478
1,183,274
100%
·'lTea.sury
Department
Business
4,824
7,104
. 4,398
6,599
5,678
6,578
·7, 617
6,393
J,436
6,082
3,883
i 10 '~l6
.. 72, 8
. '5~,283
131 ,i951
11.15%
War
Net
Federal
Finance
Corporation Reserve
Business
Bank Business
..
•
29,12a
: 126,.00
34,607
71,901
42,547
59,196
99,814
5.7,307
)4.,..196
68,790
61-,504
91.539
783,128
268,;1.95
1,051,323
~!'~5;;
Per cent of
total bank
Business (*)
3· 72
16.09
4.42
·9.18
5·4i
7-5
12-75
7-32
4.44
8. 78
7-85
12.46
100.00
(*) These percentages used in calculating the pro ra.ta. share of lea.sed wire expense as sho~ on the
acco11panying sta.tement (X-4697-b)
(1) Number of words sent by New York to other F. R. Banks for their sole benefit charged to banks indicated,
in accordance with action taken at Governors 1 Conference November 2 - 4, 1925.
REPORT OF EXPENSE V:AIN
X-4697-b
LmE
FEDERAL RESERVE LEASED WIRE SYSTEM, .S'il?TT:~IBF.R, 1926.
l\T-ame of Bank
Operators'
Sa.lari;;;s
$ 260.00
1,076.16
216.66
284.50
213.00
255·00
(fl-)3,947.16
200.00
Y.innaapo lis
183·34
Kansa..s City
275.64
Dallas
251.00
San Francisco
370.00
Faderal Reserve Board
Boston
Eew York
Philadelphia
C:!.avelend
Eichmond
AtlAnta
Chicago
St. Louis
Total
$7.532.46
Operators'
Ov~rtime
Wire
Rental
.
$ 1.00
$ 1.00
$
Pro Rata
Share of
Total
Expense
Total
Expenses
$
261.00
1,076.16
216.66
284.50
213.00
255-00
3,947.16
20C.OO
183-34
275.64
251.00
370.00
15,348.75
.15,3~·75
$15,}48.75
$22,882.21
(a} 2a251.6Z
$20,JJ0.54
$
Credits
756.30 $ 261.00
3,271.18 1,076.16
216.66
898.61
1,366.J4
284.50
213.00
1,103-95
1,536.99
255-00
2,592.14 3,947.16
l,Lj.88.20
200.00
902.68
l8J.J4
11785.02
275-64
251.00
1,595·95
370.00
2,533·18
$ 20,330-54 $7,533·46
{&) Includes $204.67 for branch line business tra.nemittad over Il.l8.in line circuit.
(#) Includes sa.laries of WAshington operators.
(*) Credit
(a.) Received $2,551.67 from Treasury Department covering business for the month of September, 1926.
{b) Amcunt reimbursable to CDicago.
Payable to
Federal
Reserve
Board
$
495· 30
2,195-02
681.9a
1,581.8
(&) 1,095.62
1 ,281. 99
(*) 1,355.02
1, 288.20
719.34
1,509·38
1,344. 95
2,163.18
@FedFRASER