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APR 30 '"43
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

C OJF I D E H T I A L

EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, MARCH, 19^9

i.k.i

March

of
Federal
Reserve
Bank

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
S t . Louis

TOTAL
March
February
March
Jan.-Mar.
Jan.-Mar.

Earnings from —
Discounts I n d u s t r i a l
loans
and
advances ind c oramitments

$17,825
1145,053

I9I49
19^9
I9I18
I9U9
19k 8




$57

22,851
29,870

2,916
1,060

19,679
10,933

213
271
22

60,UUi
13,591

Minneapolis
Kansas C i t y
Dallas
San Francisco

January - March iQkQ

19^9

7,kn

U.S. Govt,
securities

Other
sources

$2,016,555

$271

592,992

1,097

1,918,867
1,60k, 639
k,k?6,826
1,612,113

52b

96k,8k7

1,897,597
l,58k,7k5

1,378

2k,257

88

1,129,708
1,278,573
2,630,95k

38k,91k
335,629
128,756
1,153,579
99k,81k

k,62?
3,629
6,6k7
12,552
19,726

29,558,958
27,528,887
22,363,k32
88,288,635
63,383,376

22,911
12,092

$k73,026
1,501,860
k22,709

8,379
bio
I9,k50

956,912

Current
expenses

$2,03k,708
7,l67,k73
2,039,67k
2,776,632

7,016, alu
2,013,1*97
2,726,252

It, it 1 0 , 6 9 9
1,597,125

Total

8,690

5,66k

18,718
1,251
2,3k5
68,177
65,557
72,7k2

198,812

207,759

Current
net
earnings

$1,561,682

Current
net
earnings

Profit
and
• loss
account

$k,6k5,895

$1,001,289

17,012,131

2,163,640

k,853,999
6,570,133

3,609,k77
1,076,558
l,k00,7kl

k55,k35
367,703
1,009,31k
38k,791

I,k63,k32
1,236,936
3,k67,5l2
1,227,322

k,k07,680
3,728,k23
10,k21,808
3,707,0k8

939,16k
771,197
2,002,k09
771,9k3

767,123

2,275,k78

k26,737
706,335

2,657,6kk

197,72k
365,333
283,k99
585,299

30,016,676

6,639,685

23,376,991
21,585,866

19,382,17k
17,276,567

70,27i,kok

l,k7l,337

1,291,916

27,933,702
22.871.577
89.653.578
6k,605,675

6,3k7,836
5,9kk,9k7

5,665,613
1,616,965

1,106,00k

l,008,kl7
2,072,3k5

16,926,630

k7,329,108

3,3kl,222
3,01k,590
6,292,997

70,27i,k0k

k7,329,108

Accrued
dividends

Unallocated
net
earnings

$172,17k
l,0k3,655
222,126

$5,k75,oio
19,577,953
5,708,k3l
7,682,595

288,279

132,719
119,9). /

5,21k,125
k,379,673

385,388
100,9k6

12,038,829
2,63k,526
3,9kO,527

656,600

67,689
107,030
-120,069

I,kl7,k87

285,500

7,k2k,98k

lk,779,937
82,733

3,ok5,522
2,955,865

82,005,819
kk,k55,976

k,378,0k5

3,551,121