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126 R--546 BOARD O F G O V E R N O R S OF THE FEDERAL RESERVE SYSTEM WASHINGTON ADDRfll OFFICIAL DORRIIFDNOINCE TO THE IOARD ******** October 17, 1959 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 September 1939. 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 by mail the amount and purpose of the credit. Very truly yours, 0. E. Foulk, Fiscal Agent. Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND 127 R-546-a REPORT OF EXPENSES OF MAIN LINES Of FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF SEPTEMBER. 1959 Words Sent by N. Y. Chargeable to Other F.R. Banks Total Words Chargeable R s ud q fPr»n i u ricL Expenses Paid by Banks and Board I:2), Payable to Board of Governors Federal Reserve Bank Number of Words Sent Boston New York Philadelphia Cleveland 25,325 76,760 19,851 38,204 932 913 Richmond Atlanta Chicago St. Louis 25,697 42,247 65,672 44,162 892 887 1,255 888 26,589 43,134 66,927 45,050 582.27 944.59 1,465.64 986.55 198.52 241.39 1,285.98 298.90 383.75 703.20 179.66 687.65 Minneapolis Kansas City Dallas San Francisco 21,242 46,554 35,669 47,475 883 890 920 900 22,125 47,444 36,589 48,375 484.52 1,038.98 801.26 1,059.37 190.55 273.06 272.95 369.34 293.97 765.92 528.31 690.03 226,487 4,959.85 10,870.21 Board of Governors 226,487 Total 715,345 896 - - 10,256 Share of Total Expenses (2) 26,221 $ 574.22 $ 280.63 1| 293.59 76,760 1,680.97 1,042.75 638.22 20,783 455.13 244.69 210.44 39,117 856.63 321.01 535.62 725,601 $15,889.98 — $15,889.98 $5,910.36 (1) Based on cost per word ($.02189906) 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 ($1,711.19) and wire rental ($9,159.02). 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 messages; also overtime and supper money and Retirement System contributions at the current service rate.
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