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BOARD OF G O V E R N O R S 254 X-9739 OF THE FEDERAL RESERVE SYSTEM WASHINGTON November 17, 1956. ADDRESS OFFICIAL C O R R E S P O N D E N C E TO THE SUBJECT: BOARD 1937 Budgets for Federal Reserve banks. Dear Sir: It will be appreciated if you will mail to the Board as soon as practicable after January 1 a copy of the budget approved by your bank for its head office and each of its branches, if any, and for the head office and branches combined, for the calendar year 1957. Heretofore the Board has requested that it be furnished with copies of the budgets in the form prepared by the banks for their own use. In the case of about half of the banks these budgets have been prepared along functional lines while in the case of the other banks they have been prepared on a departmental basis. Since detailed figures of operating costs are compiled along functional lines by all Federal Reserve banks and since a better comparison can be made between expenses and budgets when the budgets are prepared in the same form in which expenses are reported, it will be appreciated if the 1937 budgets furnished to the Board are prepared along functional lines in accordance with the sample form, X-9739-a, attached. The statements should show totals for each function in the functional expense reports, Form E. As you were advised by the Board when the statistical and analytical and bank examination work was transferred from the Federal Reserve Agent's department to the bank, the budgets for these departments should be submitted for its advance approval. Accordingly, it is requested that budget statements be submitted on Form X-9739-b and X-9759-c showing the itemization of the budgets of these two functions in the same detail as expenses for these functions are shown in Form E. closed. A supply of forms X-9739-a, X-9739-b, and X-9739-c is inVery truly yours, Chester Morrill, Secretary. Inclosures. http://fraser.stlouisfed.org/ TO ALL PRESIDENTS. Federal Reserve Bank of St. Louis 255 X-9739-a SUMMARY OF BUDGET ESTIMATES. 1957 Federal Reserve Bank of Function General overhead - Controllable General overhead - Noncontrollable Provision of space (less income and distribution) Provision of personnel General service Postage Insurance Failed banks Loans, rediscounts, and acceptances Securities Currency and coin Check collection Noncash collection Accounting Legal Bank relations Chairman and F. R. Agent Auditing Bank examination Federal Reserve note issues Statistical and analytical Securities exchange WPA Project Fiscal agency, custodianship, and depositary: Reimbursable expense Expense nbt reimbursable Foreign TOTAL (Column 1 must agree with Form E) MEMORANDUM Furniture and equipment (Indicate whether head office, branch or "combined" report) : : Expenses. Year 1956 : : Budget, Year 1957 256 X-9759-b STATISTICAL AND ANALYTICAL BUDGET. 1957 Federal Reserve Bank of Expense Unit 1. (Indicate whether head office, branch or "combined" report) : : : Statistical (other than special reports): a. Salaries - Officers b. Salaries - Employees c. Contributions - Retirement system d. Traveling expenses e. Printing, stationery, and other supplies f. Telephone and telegraph g. Postage h. All other TOTAL 2. Statistical (special reports): a. Salaries - Officers b< Salaries - Employees c. Contributions - Retirement system di Traveling expenses e. Printing, stationery, and other supplies f. Telephone and telegraph g. Postage h. All other TOTAL 3. Monthly letter: a. Printing and stationery b. Postage TOTAL 4. Library: a. Salaries - Officers b. Salaries - Employees c. Contributions - Retirement system d. Traveling expenses e. Printing, stationery, and other supplies f. Telephone and telegraph g. News service - Subscriptions to periodicals, etc. h. Books i. All other TOTAL TOTAL, STATISTICAL AND ANALYTICAL Expenses, Year 1956 Budget, Year 1957 257 X-9759-c BANK EXAMINATION BUDGET. 1957. Federal Reserve Bank of (Indicate whether head office, branch or "combined" report) Bank Examination Function : : Salaries - Officers Salaries - Employees Contributions - Retirement system Traveling expenses Printing, stationery, and other supplies Telephone and telegraph National bank examiners' reports State bank examiners' reports All other TOTAL DEDUCT - EXPENSES CHARGED AGAINST BANKS EXAMINED: Salaries Contributions - Retirement system Traveling expenses Other NET TOTAL, BANK EXAMINATION Expenses, Year 1936 Budget, Year 1957
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