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i C O N F I D E N T I A L Sot f o r p u b l i c a t i o n EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, MARCH I9I46 B-811 Month' Federal Reserve Bank Boston New York Philadelphia Cleveland flare n 1916 Current expenses Earnings from — DisI n d u s t r i a l U.S. Gov't s e c u r i t i e s counts loans System Option and and commitAccount Account advances ments $11,01*9 150,311 $379 7,181 11,960 3,16L 115 Rldhm6nd Atlanta Chicago S t . Louis 5,878 3,361 37,720 8,888 16U Minneapolis Kansas C i t y Dallas San F r a n c i s c o 10,969 TOTAL, March 1914.6 February I9U6 March " 191*5 Jan.-Mar,I9U6 Jan. -Mar* of 2,891 1,067 83 6,27k 121 255,552 163,1*33 1,026 3,863 107,237 51*8,191 21*9,388 10,696 13,672 32,972 BO^RD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DIVISION OF BANK OPERATIONS * APRIL 16, 191*6 l/ 2/ $781,708 2,068,887 832,260 1,126,390 $23,301 975,1*02 752,657 627,2*53 1,327,106 560,321 I9,k0k 9,452 469,399 323,5U7 577,822 502,393 1,141,672 12,167 15,599 65,033 28,581 32,535 9,629 103,462 10,622,216 1,763,961* 10,216,701 1,538,597 Other sources Total Net Total operating current expenses \ J expenses 2 / 5,210 1,126 $21*9,11*5 935,996 11,1*60 $817,113 3,199,813 908,761* 1,178,506 60I* 776,707 239,729 201*,1*38 500,351* $676 1,863 12,552 k, 537 272 12,975 635 5,51*0 61*2,129 1,81*6,777 606,281 338,877 617,365 513,807 1,257,069 57,1*50 12,703,208 1*6,011 11,968,605 296,081 352,282 19^,926 125,061 217,955 167,111 361*,3i*6 3,81*7,1*21* 3,820,387 9,210,1*61 1,598,191 1*1*, 8i8 ro,971,1*03 3,1*81,255 32,61*2,207 1*,922,1*21 150,015 38,276,506 11,1*98,203 26,775,818 1*, 31*1*, 883 132,091* 31,535,155 10,071.387 J a n u a r y - March I9I+6 Current net earnings Current net earnings $279,891 1,102,211 330,128 390,71*9 $537,222 2,097,602 578,636 787,757 $1,613,030 6,01*9,603 1,756,635 2,397,596 281,201 495,506 1*03,031 1,51*0,082 1,265,890 Profit and loss account Amount Accrued a v a i l a b l e dividends f o r reserves, l o s s e s , and surplus $110,682 $160,810 367,636 959,958 120,656 200,375 152,1*1*2 267,676 96,235 80,660 209,931* 110,972 $1,562,902 5,157,281 1,676,916 2,282,362 1,525,31*5 99,330 321,107 85,831 3,910,1*16 1,077,691 58,951* 88,530 93,186 61*6,891* • 1,130,191 990,931* 2,575,1*1*6 6,938,9151 25,226,397825,226,397 1,551,612 2,69I*,1*11 11,708,362 19,826,793819,826,793 1,21*1,213 2,1*88,989 21*, 083,598 239,098 561,609 217,191 130,598 229,281* 176,111 1*17,169 h, 355,21*0 1*, 310,563 1*, 032,1*88 13,050,109 1,285,108 1*,021,589 389,090 1,090,599 660,812 388,081 1,11*2,791 337,696 1,018,11*8 839,900 2,669,622 208,279 72,923 1*5,036 75,930 65,972 153,506 21*7,682 1,21*7,220 8,31*7,968 7,658,01*2) Operating expenses a f t e r d e d u c t i n g reimbursable expenses, Net o p e r a t i n g expenses p l u s cost of F e d e r a l Reserve currency and assessment f o r Board's expenses. i. 18,579,011*
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