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FEDERAL RESERVE BOARD WASHINGTON i ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-&# October 22, 1929. SUBJECT: Expense, Main Line, Leased Wire System, September, 1929. Dear S i r : Enclosed herewith you will f i n d two mimeograph statements, X-6397-a and X-6397-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, 1929. Please credit tho amount payable "by your bank i n tho general account, Treasurer, U. S.» on your "books, and issue C/D Form 1, National Banks, for account of "Salaries and Expenses, Federal Reserve Board, Special fund", Leased Wire System, sending duplicate C/D to the Federal Reserve Board. Very truly yours, Fiscal Agent, Enclosures, TO GOVERNORS OF ALL F. R. BAKKS EXCEPT CHICAGO. o REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF SEPTEMBER, 1929. From Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Total Business reported by banks Words sent ty New York chargeable to other F. R. Banks ( l ) Net Federal Reserve Bank business 29,071 165,701 33,615 87,867 57,178 63,568 1,252 30,323 165,701 34,856 90.227 59.050 69,288 124,476 77.021 32,845 82,587 86,085 121,532 76,753 30,632 80,698 77,027 107,351 930,993 1,241 2,360 1,872 5,720 2,944 268 2,213 1,889 9,058 3.390 32,207 110.741 963,200 F. R. Board business Percent of t o t a l Bank business(*) 3.15 17.20 3.62 9-37 6.13 7.19 12.92 7.99 3-41 8.57 8.95 11.50 100.00 246.606 Treasury Department business - Incoming and Outgoing Total words transmitted over main l i n e s . . . . . . . (*) These percentages used in calculating the pro r a t a share of leased wire expense as shown (l) Number of words sent by New York to other F. R. Banks f o r t h e i r sole b e n e f i t charged to banks indicated in accordance with action taken at Governors * Conference November 2 - 4 , 1925. -on tbe accompanying statement (X-6397"b) X-6397-a 1,209,806 1&5.494 1.375.300 X-6397-"b REPORT OF EXPENSE MAIN LIKE FEDERAL RESERVE LEASED WIRE SYST3M, SEPTEMBER, 1929. Name of Bank Operators' Salaries $ 260.00 Boston 1,177-47 New York 225.00 Philadelphia 306.66 Cleveland I9O.OO Richmond 270.00 Atlanta 4,028.31 ( # ) Chicago 205.00 St. Louis 183-66 Minneapolis 287- 5° Kansas City 251,00 Dallas 380.00 San Francisco Federal Reserve Board Total $7,765.10 Operators' Overtime Wire Rental* $ - 230.00(&) Total Expenses 15.578.76 $ 3-00 $ 15,808.76 Credi t s $ 260.00 1,177.47 225.00 306.66 $ 653.30 3»567.24 750.78 1,943.32 1,177.47 225.00 420.00 - 270.00 1,271.35 1,491.19 2,679.58 270.00 4,028.81 208.00 3-00 Pro Rata Share of Total Expenses 306.66 420.00 $ 393.30 2,389.77 525.78 1,630.66 851.35 1,221.19 1,349.23 (*) 1,657.11 4,028.81 208.00 707.23 183.66 523.57 1,489-90 25I.OO 38O.OO 1,605.21 183.66 287.50 251.00 1,777.40 15.578.76 „ 380.00 $ 260.00 Payable to Federal Reserve Board 1,856.21 2,385.08 .287.50 $23,576. 86 $20,739.79 $7,998.10 2,837- 01 (a) $20,739. 79 1,449.11 2,005.08 $14,090.92 1 . ^ 9 . 2 3 (b) $12,741.69 (&) Main line r e n t a l , Richmond-Washington. Includes s a l a r i e s of ffaSi ington operators. Credit. ( a ) -Deceived $2^§37*07from Treasury Department covering "business for the month of September, 1929. ( t ) Amount reimbursable to Chicago, (!)
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