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c o n f i d e n t i a l November 2 6 , 1 9 4 8 BOARD OF GOVERNORS CF TIE FEDERAL RESERVE SYSTEM L.U.I EARNINGS AND EXPENSES OP FEDERAL RESERVE BANKS. OCTOBER lq48 Federal Rese rve Bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t , Louis $23,990 $2,056,366 7,359,899 October Other sources $788 2,022,385 1,560,606 2,942,646 2,192,1(81 814 20,117 26,179 336 1,993,399 1,538,788 2,^69 4,757 7,775 3,523 9,026 260 i*,382,125 1,652,737 20,093 12,418 6r 29,219 105 440,325 444,719 172,826 3,510,087 1,704,085 4,815 4,014 7,498 49,933 64,219 939,516 1,430,684 1,389,543 2,815,940 30,694,124 — 26,085,458 — 16,173,302 $9,531 236,038,588 — 1 0 7 , 8 9 4 , 8 6 5 13,432,142 $2,081,209 7,513,237 2,229,270 3,003,336 620 3,369 Total 9,ia 59,653 32,606 67,731 18,155 I9U8 I9tt8 19L7 1948 1947 $64 144,194 17,061 Minneapolis Kansas C i t y Dallas San F r a n c i s c o TOTAL Oct. Sept. Oct. Jan.-Oct. Jan.-Oct. Dis-: counts and advances Month ^ of Earnings from — I n d u s t r i a l U» S . G6vt. s e c u r i t i e s loans System and commitAccount Other ments 2,348 18,430 1,898 5,583 77,9b6 61,135 76,970 679,622 636,353 4,457,891 1,674,415 950,890 1,469,266 1,403,859 2,850,847 January I9ll8 Current expenses $423,376 1,437,544 407,972 571,025 Current net earnings 11,520,612 123,055 103,515 422,433 387,019 1,219,819 326,049 732,888 1,132,926 1,114,690 6,302,055 6,202,112 5,583,509 2 4 0 , 2 7 8 , 2 3 0 59,256,193 123,731,664 5 3 , 5 2 7 , 7 9 5 $7,348,360 $4,125,966 26,449,005 14,971,655 8,089,591 4,524,958 10,825,637 6 , 0 8 0 , 0 3 7 $565,531 3,451,090 727,749 91*8,543 218,002 31,217,210 Accrued dividends Interest Unallocated on F.R. net notes t o earnings S e p t . 30 $135,530 172,699 147,726 180,139 1,581,932 1,228,776 3,519,079 1,298,509 26,595,326 16,440,130 Profit and loss account October lokB $ 1 , 6 5 7 , 8 3 2 $11,904,327 6,075,6?3 44,399,051 1,821,298 13,19it,572 2 , 4 3 2 , 3 1 1 17,674,078 440,451 331,830 9 3 8 ,8 1 2 3 7 5 ,9 0 6 336,342 289,169 531,626 Current net earnings - 2,319,221 8,840,587 25,596,3ld 9,534,329 266,190 5,430,144 8,214,824 8,133,63% 16,579,572 57,457 95,187 88,517 192,203 100,845 218^500 338,680 382,025 928,328 7,241,892 5,494,814 15,820,483 6,019,652 3,979,342 3,062,269 8,822,198 3,289.473 1,862,434 2,837,119 5, Oi: 1,390 2 , 7 9 8 , 7 3 3 10, # 5 , 6 7 6 5 , 7 0 7 , 7 7 1 3J*o6,667 5,134,2x2 24,915,155 20,393,214 10,856,621 181,022,037 181,022,037 1 , 9 6 3 , 0 6 3 70,203,869 70,203,8& 2,426,107 9 , 9 1 5 , 7 6 6 111,007,379 6 2 , 0 6 1 , 9 5 5 9 , 5 7 6 , 5 6 3 4 7 , 6 8 1 , 6 2 1 15,371,792
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