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FEDERAL RESERVE BOARD WASHINGTON X-U°Sl ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD October 22, 1927 SUBJECT: Expense, Main Line, Leased Wire System, September, 1927. Dear S i r : Enclosed, herewith yon w i l l find, two mimeograph s t a t e m e n t s , X - 4 9 8 l - a and. X-UgSl-b, covering i n d e t a i l o p e r a t i o n s of the main l i n e , Leased Wire System, d u r i n g t h e month of September, 192%. P l e a s e c r e d i t t h e amount payable by your bank i n the general account, Treasurer, U. S . , . o n your books, and i s s u e c/D Form 1, National Banks, f o r account of " S a l a r i e s and Expenses, Federal Reserve Board, S p e c i a l Fund", Leased Wire System, sending d u p l i c a t e c/D to t h e Federal "Reserve Board. Yours very t r u l y , F i s c a l Agent. TO GOVERNORS OF ALL F.R.BANKS EXCEPT CHICAGO. Enclosures: J * X-l49Sl-a REPORT SHOWING- CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OYER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF SEPTEMBER, 192?. From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis Minneapolis Kansas C i t y Dallas San Francisco Total Board Business reported "by banks 35,464 156,254 42,42" 82,230 Us,705 64,808 111,777 80,342 37,069 81,413 71,668 ios,_892_ 921,052 Words sent by New York chargeable to other F.R.Banks (1) 2,4l4 2,353 3,353 4,711 3,948 3,669 3,280 3,813 3,878 7,007 lAU 4i,904 Total Treasury Department Business 37,878 156,254 44,781 85,583 53,416 68,756 115,446 83,622 40,882 85,291 78,675 112,372 6,159 11,114 5,942 7,523 7,037 8,944 10,734 7,694 4,568 8,329 962,956 398,148 l,36l:l04 ioo.oo< 94,351 119,711 214,062 15.73^ 5,120 War Finance Corporation Business Net Federal Reserve Bank Business Per cent of t o t a l bank B u s i n e s s (*) 31,719 145,i4c 38,839 78,060 46,379 59,812 3.65 16,71 4.47 8.99 5.34 6.89 12.05 8.74 4.18 104,712 75,928 36,314 76,962 73,555 101,185 5.47 _ilil. 868,605 100.00 8.86 278,437 1,147,042 84.27^ (*) These p e r c e n t a g e s used i n c a l c u l a t i n g the pro r a t a share of l e a s e d w i r e expense as shown on t h e accompanying statement (X-49ul-b) ( l ) Number of vsords sent by New York t o other F, R. Banks f o r t h e i r s o l e b e n e f i t charged to banks i n d i c a t e d i n accordance w i t h a c t i o n taken a t Governors' Conference November 2 - 4, 1925. o * X-4981-b * REPORT OF EXPENSE MAIN LIKE FEDERAL RESERVE LEASED WIRE SYSTEM, SEPTEMBER, Fane 0 f Bank Operators 1 Salaries Boston $2o0.00 New York 1,070.97 Philadelphia 225.00 Cleveland 296.66 Richmond 232.00 Atlanta 270.00 Chicago 4,062.6S(#). S t . Louis 205.00 Minneapolis 193.73 Kansas City 275-64 Dallas 250.00 San Francisco 370.00 Federal Reserve Board Total $7,711-62 (&) (#) (*) (a) (b) Operators ' Overtime $1.00 1.00 Wi re Rental - - - - - - — - - - - - - - - - - - $2.00 - $15,343.60 $15,343.60 Total Exoenses 1927. Pro Rata Share of Total Exoenses Credits Payable to Federal Reserve Board $261.00 $261.00 $442.23 $709.23 2,174.96 1,071.97 1,071.97 3,246.93 225.00 225.00 262.57 643-57 296.66 296.66 1,746.25 1,450.19 1,010.29(4) 232.00 232.OO 1,037.62 1,06s.SO 270.00 270.00 1,332.20 4,062.62 4,o62.6s 1,721.24(*) 2,341.44 205.00 205.00 1,692.27 1,493.27 812.22 618.49 193-73 193.73 275-64 275-64 1,445.95 1,721.59 1,645.SI 250.00 250.00 1,395.SI 2,263.71 370'.'00" 370.00 1,293.71 15,343.60 $19,431.04 ' $7,713.68 $13,643.27 $23,057.28 3,626-24(a) l,721.24(b) $19,431.04 $11,922.03 Includes $204.67 f o r branch l i n e e a s i n e s s transmitted over main l i n e c i r c u i t . Includes s a l a r i e s of Washington Operators. Credit Received $ 3 , 6 2 6 . 2 4 from Treasury Department covering b u s i n e s s f o r t h e month of September, 1927• Amount reimbursable to Chicago. ww
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