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C O N F I D E N T I A L BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, NOVEMBER, 1948 Federal Reserve Bank Earnings from — Discounts Industrial loans and advances. and commitments $24,115 1)6,185 30,848 39,583 Boston New York Philadelphia lev# land 27,266 21,991 52,429 20,663 WRichmond Atlanta Chicago L St. Louis 9,291 1948 1948 1947 1948 1947 $62 3,571 390 360 287 U.S. Govt, securities Total Current expenses $449,044 1,478,633 412,264 2,960,354 $2,094,982 7,549,94) 2,240,876 ),026,519 2,005,395 1,548,049 4,395,676 1,682,336 1,325 3,075 6,747 2;214 2,o)4,)46 1,57),115 4,455,139 1,705,213 431,675 357,465 1,029,308 396,548 862 15,511 1,754 4,167 955,323 1,485,158 1,412,940 2,858,424 218,703 333,145 277,815 556,862 72,819 77,946 2,205,676 30,263 11,788 31,043 91 98 435,465 440,325 256,304 3,945,552 1,960,389 4,859 4,815 6,976 54,792 71,195 30,878,8)5 30,694,124 16,910,637 266,917,^23 *137,^7,644 Other sources $622 9,569 781 26,192 $2,070,183 7,404,189 945,170 1,439,293 1,399,398 2,823,116 f Minneapolis Kansas City Dallas San Francisco TOTAL \- Nov, Oct. Nov. Jan.-Nov. Jan.-Nov. anuarv ovember Month December 28, 1948 82,808 752,441 719,161 620,502 Current net earnings Current net earnings Accrued dividends Interest on F,R. notes to Sept. 30 Unallocated net earnings $7,348,360 $5*779,535 26,449,005 20,925,619 6,348,327 8,089,591 8,481/269 10,865,637 $1,645,9)8 $13,550,266 50,470,360 6,071,310 1,828,612 15,023,184 20,080,095 2 , I t0 6 , 0 1 7 $199,876 700,273 215,694 270,446 $622,247 3,796,009 13,123,283 465,115 426,215 1,346,oil 359,058 7,2Ul,892 5,494,814 15,820,483 10,842,993 182,899 152,920 391,322 149,749 5,599,175 4,288,127 12,246,970 4,614,032 6,166,764 84,644 240,5^3 373,142 421,015 l»022,4j55 3,406,667 2.604.158 4,000,064 3.937.159 8,oo6,779 1,602,671 1,215,650 3,425,831 1,308,665 736,620 1,152,013 1,135,125 2,301,562 10,056,236 29,022,142 9,366,838 9,268,756 18,881,134 6,561,964 2 4 , 8 3 0 , 0 1 4 6,302,055 24,915,155 11,105,592 5,551,133 2 0 5,852,051 it205,852,051 271,670,208 65,818,157 81,309,461 81,309,461 140,388,389 59,078,928 31,391,978 31,217,210 16,656,725 Profit and loss account November! I Q Z 1 8 140,580 130,808 283,756 2,902,967 2,146,794 *Includes $13,432,142 earnings on U. S. Government securities not in System Open Market Account. 800,90 1,043,635 10,916,425 10,547,746 6,019,652 5,134,212 5,041,390 10,155,676 111,007,379 86,831,214, 47,681,621 25,526,88^
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