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R-137 353 BOARD OF GOVERNORS CJF" THE FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS December 18, 1937. SUBJECT: OFFICIAL CORRESPONDENCE TO THE BOARD 1938 Budgets for Federal Reserve banks. Dear Sir: It will be appreciated i f you will mail to the Board as soon as practicable ef'ter January 1 a copy of the budg~t approved by your bank for its head office and e<lCh of its brnnches, if any, and for the head office r-md branches combined, for tpe calendar year 1938. -- Since detailed figures of operating costs are compiled along functional lines by nll Federal Reserve banks and since a better comparLwn can be made between expenses and budgets whon the budgets are prepared jn tho same form in which expenses nre reported, it will te.appreciated if the 1938 budgets furnished to the BoFJrd are prep~::~red along functiono.l lines :Ln accordance with thH smnplc form, R-13?-a, attached. The stP.temsnta should show totals for O'lch function in the functional expense report, Form E. In addition, it is requesteci that budget state-· ments be submitted on Form R-137-b and R-137-c showing ttw itemization of the budgets of the stntisticnl and analytical and bank examination functions. A supply of fonns R-137-a, R-137-b, und R-13?-c is inclosed. Very truly yours, Chester Morrill, Secretary. Inclosures. TO PRESIDENTS OF ALL FEDERAL RESERVE BAJf~ R-1:37-a 354 SUMMAJ[Y OF BUDGET ES'i'EviATES I 1938 Federal Reserve Bank of -n:ndica'"tewheth;r--l;e-a"d office-:-branch or "combined" report) Expenses, Year 1937 Function Budget, Year 1938 General overhead - Controllable General overhead Noncont~ollable Provision of space (less income and distribution) ) F·urni ture and equipment Provision of personnel General s6rvice Postage Insurance Failed banks Loans, rediscounts, and acceptances Securities Currency and coin Check collection Noncash col~ection Accounting Legal ', Bank and public relations Auditing Bank examination Federal Reserve note issues Statistical and analytical Securities exchan~e Fiscal agency, custodianship, and depositary: Reimbursable expense Expense not reimburs~ble Jloreign TOTAL (Column 1 must agree with Form E) 355 R-137-b Federal Reserve Bank of --------------------------- -(fn'dica.te-wh'eth;r-head' ~irice-;branch or "combined" report) -------------------------------------Budget, Expenses, Expense Unit Yec.r 193? 1. Statistical: a. Salaries - Officers* b. Salaries - Employees c. Retirement system contributions for current servlce d. Traveling expenses e. Printing, stationery, and supplies f. Telephone and telegraph g. Postage and expressage h. All other TOTAL 2. Monthly letter: a. Printing and sta t.i~mery b. Pontage and expressage 'rOTAL 3. Library: a. Salaries - Officers* b. Salaries - Employees c. Retirement system cont~ibutions for current service d. Traveling expenses e. Printing, stationery, and supplies f. Telephone and telegraph g. Newspapers, periodicals·, books, binQ.ing, clipping service, etc. h. All other TOTAL .TOTAL, STA'l'IS'l'ICAL AND .ANALY'l'I CAL Number of copies of Monthly Letter printed for month. of December, 193? *Indicate in a footnote the complete allocetion of the time and salary of ecch Officer whose salary is charged in whole or in pq.rt to this unit. -Year 1938 356 R-137-c BAW~ EXru~INATION BUDGET, 1938 l<'ederal Heserve Bank of - -(fndicate-wh"ether-heact oft,.ice-;branch or "combined" report) §ank Examinatiouunction A Expenses, Year 193? Budget, ~~ - Officel"s* a. Salaries b. Salaries - Employees c. Retirement system contributions for current se!'vice d. Traveling expefises e. Printing, f. 'l'elephone an.d telegraph g. Copies of bank examination reports h. All other ~tationery, and supplies TOTAL DEDUCT - EXJ:.:>ENSES CHARGED AGAINST BANKS tt.AMINFll N~~ TOTAL, BANK EXAMINATION *Indicate in a footnote the complete allocation of the tir'1e and salary of each officer whose salary is charged in whole or in part to this function.
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