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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD X-7100 February 24, 1932, SUBJECT: Change in Monthly Report of Leased Wire Operations. Dear S i r ; Reference i s made to the Board's l e t t e r of March 27, 1928, (X-6005), with regard to the monthly t e l e g r a p h i c r e p o r t made to the Board "by the Federal reserve "banks of main l i n e l e a s e d wire o p e r a t i o n s . For some time p a s t , arrangements have been in e f f e c t f o r a word count of a l l telegrams received in and dispatched from Washington f o r account of the Treasury, the Federal Farm Loan Bureau and the Federal Farm Board. This has been necessary in order t o apportion the charge made a g a i n s t the Treasury Department among the s e v e r a l a p p r o p r i a t i o n s chargeable f o r the v a r i o u s c l a s s e s of telegrams. With the a d d i t i o n of the Reconstruction Finance Corporat i o n to the o r g a n i z a t i o n s u s i n g the leased wires, arrangements have been made to render a monthly statement a g a i n s t t h a t corporation. A count of incoming, a s well as outgoing, messages f o r account of the Reconstruction Finance Corporation w i l l also be made i n Washington. As a check, however, on the Washington count, « -2- X-7100 i t i s requested t h a t item 3 of the monthly t e l e g r a p h i c r e p o r t be changed to "Total number of words contained in a l l messages sent to Washington on reimbursable b u s i n e s s " and t h a t t h e r e be r e p o r t e d thereunder, beginning %ith the month of February, the aggregate number of words contained in messages sent t c Washington f o r account of the Treasury Department, Federal Farm Loan Bureau, Federal Farm Board and Reconstruction Finance Corporation, Very t r u l y yours, Chester M o r r i l l , Secretary. TO GOVERNORS OF ALL F. R. BANKS. i t i a
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