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I j 480 .l I . ~ 1I FEDERAL RESERVE BOARD 1 WASHINGTON Confirmation of Telegrpm July, l, 1919. X-1602 SUbject}. Leased Wire service. Morss. Boston Fancher, Cleveland Strong, New York Peple, Richmond Passmore,Philadelphia Wellborn,Atlanta McDougal, Chicago Wold.Minneapolis Biggs, St.Louis VanZandt,Dallas Miller, Kansas City Calkins, san.Fran Favorable replies having been received from all Federal Reserve Banks to the Boardt s wire of June 27th. "Basis Treasury payzrant telegraph servicen, commencing July lst Treasury business will be handled on flat basis of 25% of the total cost of main line service, each Reserve bank to charge as fiscal agency expense 25% of its pro rata share leased wire cost. Board today approved report of Governors on leased wire service and effective July 1st expense of leased wire service will be pro rated between Federal Reserve Banks on per word cost basis. I I HARDING I j ,A
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