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CONFIDENTIAL BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, JANUARY, 1948 L.U.1 Federal Reserve Bank Discounts and advances Boston New York Philadelphia Cleveland $8, 65k 65,181 14,208 14,215 Richmond Atlanta Chicago St, Louis 10,508 11,562 39,952 11,400 Minneapolis Kansas City Dallas San Francisao 5,094 16,4)6 ?, 13b 8,682 TOTAL January l§it8 December 1947 January February 27,1948 203,449 234,157 210,230 Industrial loqns and commitments Month Earnings from — U.S. Govt* securities System Other Account of January ' Other sources Current Total expenses 1948 Current net earnings Profit and loss account Accrued dividends Unallocated net earnings $4,751 599 $1,368,249 4,916,446 i,46o,i44 1,959,969 $721 11,737 1,018 7,635 $1,577,624 4,995,567 1,480,121 1,982,418 $409,635 1,280,275 415,047 519,549 $967,989 5,713,092 1,067,074 1,462,869; $7,778 27,587 10,449 11,151 $56,541 544,622 72,l4o 9U,5li $919,426 5,596,057 1,005,585 1,579,689 287 223 126 275 1,528,506 1,027,692 2,910,989 1,111,067 1,262 1,991 15,022 5,7i7 1,540,565 1,041,488 2,954,089 1,128,527 589,461 297,005 824,921 545,H5 950,902 744,483 2,129,168 785,414 7,282 5,997 21,440 5,861 41,487 58,043 119,1497 52,155 916,697 712,437 2,031,111 759,120 136 153 625,832 954,028 91*4,735 1,882,844 217 15,478 779 6,584 651,143 986,078 923,246 1,898,245 166,192 281,640 239*305 486,204 464,951 704,458 685,9k! 1,412,059 5,412 5,1426 5,060 11,268 21,652 52,874 57,210 91,150 446,731 676,990 651,791 1,552,177 6,528 8,448 4,601 2o,46o,499 17,926,217 10,295,690 66,251 98,55k 59,623 20,756,707 18,267,176 12,419,525 5,650,547 6,514,047 5,287,469 15,086,560 122,691 981,442 14,227,609 7,131,854 105,782 959,9k8 6,295,688 $1,849,179 — 1 ' 1 A.
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