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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-6160 October 16, 1928. SUBJECT: Expense, Main Line, Leased Wire System, September, 1928. Dear S i r : -Enclosed herewith you w i l l f i n d two mimeograph statements, X-6160-a and X-6160-"b, covering in d e t a i l operations of the main l i n e , Leased Wire System, during the month of September, 1928. Please credit the amount payable "by your hank in the general account, Treasurer, U. S., on your "books, and issue C/D Form 1, National Banks, f o r account of "Salaries and Expenses, Federal Reserve Board, Special Fund", Leased Wire System, sending duplicate C/D to tho Federal Reserve Board. Very t r u l y yours, Fiscal Agont. Enclosures. TO GOVERNORS OF ALL F, R. BAMS EXCEPT CHICAGO. $ REPORT S O I G CLASSIFICATION AID N M E (F W R S TRA27SKITTSD O E MAIN LIKE H WN U BR OD VR OF TEE FEDERAL RESERVE "EEASED WIRE SYSTEM FOR TIE M U H OF SEPTEMBER, 1928 OT Business reported banks From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total Words sent by New York chargeable to other F. R. Banks ( l ) 27,982 143,755 33,352 83,072 53,550 61,192 102,608 76,395 30,496 78,570 74,447 107,337 872,756 844 866 2,249 2,095 6,767 2,439 508 2,514 2,788 8,463 2.514 32,047 F. R. Board, "business Net Federal Reserve Bank business 28,826 143,755 34,218 85,321 55,645 67,959 105,047 76,903 33,010 81,358 82,910 109,851 904,803 Percent of t o t a l bank business(*) 3.19 15.89 3.78 9.43 6.15 7.51 11.61 8.50 3.65 8.99 9.16 12.14 100.00 229,882 Treasury Department "business - Incoming and Outgoing JTotal words transmitted over main l i n e s (*) T h e s e percentages used in calculating the pro rata share of leased wire expenses as shown on the accompanying statement (X-6l60-b). (l) 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' Conference November 2 - 4 , 1925. X-6l60-a 1,134,685 305,852 1,440,537 X-6lo0-b - REPORT O EXPENSE MAIN LIKE F FEDERAL RESERVE LEASED WIRE SYSTEM, SEPTEMBER, 1922. Name of Bank: Operators' Salaries $ 260.00 Boston New Yoik 987.46 Philadelphia 225.00 Cleveland 296.66 225.00 Richmond 270.00 Atlanta Chicago " 3,967-17 (#) 205.00 St. Louis Minneapolis 186.53 Kansas City . 275-64 Dallas 251.00 San Francisco 370.00 Federal Reserve Board Total $7,519.46 (&) (#) (*) (a) (b) Operators4 Overtime $ . 2.00 2.00 Wire Rental $ $ 230.00(&) 5-.00 .75 9-75 262.00 $ 959.46 225.00 296.66 455.00 270.00 3,972.17 205.00 126.53 275-64 251.75 370.00 15.196.6U $ Total Expenses $ 15,426.64 Pro Rata Share of Total Expenses 15,196.64 576.81 2,873.22 683.50 1.705.13 1,112.04 1.357.95 2,099.31 1.536.96 659.99 1,625.56 1,656.30 2.195.14 $22,955-85 $18,081.91 4.875.94( a) $18,081.91 Credits Payable to Federal Reserve Board $ 262.00 $ 989.46 225.00 296.66 455.00 270.00 3,972.17 205.00 186.53 275.64 251.75 370.00 $7,759.21 314.81 1,883.76 458.50 1,408.47 657.04 1.087.95 1,872.86 (*) 1.331.96 473-46 1,349.92 1,404.55 1,825.14 $12,195.56 1.872.86(b) $10,322.70 Main line rental, Richmond-Washington. Includes s a l a r i e s of Washington operators. Credit. Received $4,873-94 from Treasury Department covering "business for the month cf September, 1928. Amount reimbursable to Chicago.
@FedFRASER