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147 B O A R D OF G O V E R N O R S OF THE ifSSS& FEDERAL RESERVE SYSTEM R-716 WASHINGTON ADDRESS OFFICIAL C O R R E S P O N D E N C E TO THE BOARD October 18, 194-0 Dear Sirs 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 194-0. 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 ty mail the amount and purpose of the credit. Very truly yours, 0. E. Fuoiu zl k " 7 ^ 4.J • x u j- v j Fiscal Agent. w • Enclosure TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS EXCEPT RICHMOND R-71o-a REPORT OF EXPENSES OF MAIN LINES OF FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF SEPTEMBER I960 Federal Reserve Bank Number of Words Sent Words Sent ty N. Y. Chargeable to Other F.R. Banks Total Words Chargeable Expenses Paid by Banks and Board (2) Pro Rata Share of Total Expenses (1) Boston New York Philadelphia Cleveland 25,182 70,765 17,109 33,403 453 455 25,634 70,765 17,562 33,858 Richmond Atlanta Chicago St. Louis 35,392 37,603 58,629 38,487 452 452 492 452 35,844 38,055 59,121 38,939 462.95 491.50 763.58 502.92 306.26 232.66 1,254.34 257.18 Minneapolis Kansas City Pallas San Francisco 20,583 39,747 34,184 49,714 452 452 515 453 21,035 40,199 34,699 50,167 271.68 519.19 448.16 647.94 191.37 273.01 272.64 411.89 717,200 9,263.07 10,308.17 1,183,078 $15,280.16 $15,280.16 Payable to Board of Governors Board of Governors Total 452 — 717,200 1,177,998 5,080 $ 331.08 | 913.97 226.82 437.30 277.17 $ 878.08 337.95 279.44 53-91 35.89 111.13(a) 157.86 156.69 258.84 490.76(b) 245.74 80.31 246.18 175.52 236.05 $1,646.99 111.13(a) 490.7603 $1,045.10 (1) Based on cost per word ($.012915598) for business handled during the month. (2) Payments ty Banks are for personal services and supplies and payments by Board are for personal services and supplies ($1,451.98) and wire rental (-$9,333.67) less amount ($477.48) representing reimbursement for the cost of sending messages between the Washington office of the Leased Wire System and the local telegraph offices of the Treasury, Reconstruction Finance Corporation, and the Commodity Credit Corporation. 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 messagesj also overtime and supper money and Retirement System contributions at the current service rate. (a) Credit—reimbursable to Philadelphia. (b) Credit—reimbursable to Chicago.
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