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CONFIDENTIAL BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM EARNINGS Aim EXPENSES OF FEDERAL RESERVE BANKS, JUNE, 1948 L»4« 1 of , Earnings from — Industrial U. S. Govt, securities Disloans counts Other and commit- System and sources Other Account ments advances Federal Reserve Bank Boston New York Philadelphia Cleveland $23,576 110,915 25,835 32,816 Richmond Atlanta Chicago St. Louis 21,163 16,280 40,279 16,429 Minneapolis Kansas City Dallas San Francisco 6,372 13,909 9,112 24,794 TOTAL June May June Jan.-June Jan,-June July 27, I9U8 1948 1948 1947 1948 1947 341,480 317,616 136,313 1,929,533 1,156,495 $40 1,995 99k 233 431 225 131 ! 141 — $1,490,773 5,317,453 1,584,046 $5,170 10,1*15 853 19,756 l»44o,2ii 1,111,759 3,159,360 1,216,025 2,781 2,393 678,791 1,033,655 1,005,003 2,126,032 — 113 2,013,089 January - June 1948 June 1948 Total Current expenses Current net earnings Prbflt and loss account $424,905 $1,094,654 1,285,476 4,153,307 1,612,729 362,440 1,250,289 1,657,602 521,996 2,179,598 $6,407,390 23,872,475 7,075,505 9,531,944 $63,412 282,484 70,565 88,931 327,156 1,083,849 803,707 2,413,033 901,546 6,240,627 4,781,660 13,849,660 5,195,069 56,292 47,947 127,552 46,878 182,605 314,347 275,848 503,011 747,712 739,178 1,536,296 4,455,247 4,385,465 0,927,481 2,954,021 27,343 44,295 41,594 $1,519,559 5,438,783 1,464,391 380,542 6,624 1,266 3,206,488 1,233,851 793,455 332,305 153 lk,35k 1,062,059 5,310 2,043,306 911 Current net earnings 1,130,863 685,616 1,015,026 507,010 22^176,197 - 70,289 22,592,269! 5,708,085 16,884,184 22,497,087 64,327 22,883,3951 5,600,486 17,282,909 8,916,177 $1,612,255 62,084 10,733,9801 4,982,738 5,751,242 - 412,321 132,143,837|34,467,293 97,676,544 33,790 129,768,193 35,159 56,212,736 10,585,559 351,199 68,341,148831,710,129 36,631,019 90,311 Accrued dividends Interest on F.R, notes to March 31 Unallocated Net earnings $3,505,293 12,577,557 3,877,991 435,418 568,090 3,860,990 5,191,795 $338,964 2,071,069 252,006 2,570,673 3,474,240 231,021 1,976,937 2,621,649 722,288 5,730,880 7,524,044 194,570 2,148,186 2,899,191 130,597 201,323 227,345 554,600 1,255,309 1,863,473 1,838,253 3,676,382 1,595,458 2,434,746 2,361,461 4,786,810 4,303 4,365 7,151 97,676,544 927,604 36,631,019 1,754,487 5,927,291 39,826,622 52,850,235 5,713,106 15,268,883 17,403,517
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