Full text of Mimeograph Letters and Statements of the Board : Letter From J. R. Van Fossen, Asst. Chief, Division of Bank Operations, re Functional Expenses, First Half, 1930, Number St. 6709, Volume 33, Page 440

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federal reserve board
WASHINGTON
address official correspondence to
the federal reserve board




August

29,

1930.

s t . 6709.

SUBJECT:

Functional
First

Dear

St*

Expenses,

Half,

1930.

Sir:

6695

ional

Referring

to

the Board's

of

18,

enclosing

August

Expense

Exhibit

for

the

letter
the

first

Functhalf

of

1930, c e r t a i n errors have been discovered
i n the e x h i b i t and i t i s requested that the
copies

units

forwarded

units

you be

per

branch

from 1,523

1000 units

follows:

818
to

and

the

$4.07.

On p a g e 3 5 , c h a n g e t h e n u m b e r o f
h a n d l e d p e r e m p l o y e e p e r day a t t h e
to

774.

On p a g e 3 6 , c h a n g e t h e n u m b e r o f
handled per employee per day at Chicago

from 1,362
units

to

from $ 4 . l 4

Houston Branch from 744

units

revised as

On p a g e 3 4 , c h a n g e t h e n u m b e r o f
h a n d l e d p e r e m p l o y e e p e r day a t t h e

Baltimore
cost

to

to

1,015

from $3.10

and

to
Very

J.

H.

the

cost

per

1000

$4.35.
truly yours

Van F o s s e n ,

Division

of

Assistant

Chief,

Bank O p e r a t i o n s ,

LETTER TO CHAIRMAN OF EACH F. R. BAM*