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FEDERAL RESERVE BOARD WASHINGTON December 11,1922. St.3216. SUBJECT: Reports of Earnings, b;~enses, Dividends, and Franchise Tax Payments for 1922 .. I:ear Sir: In order that the Eoardmay lmve information regarding the financial r2sults of operations of Federal reserve ban~s during the present calendar year as soon as practicable after January 1, it is requested that a state~ ment be telegraphed the Eoard on Tuesday morning. January 2, 1923, sho~;•ing the follovving information: (Code) Gross earnings .••..................• $ _ EACH Current e;Qenses .................... ____ EAbs Current net earnings .•...............•. $_____ EARN Add.i tions to Cu:crent Net Earnings •..• EL13A ENID - Deductions from Current Net earnings. _ _ Net additions to or deductions fror.1 current net earnings •.•.........•• EAST ~ EYRE EMET EVEN - Ne: earnints available for dividends, franc::ise tax, and surplus ......•••.•••. ==' ' Di vi dend..s paid • . . . . . . . . . . . . . . . . . . . ......• Paid to Government as a franchise ta.x (for 19c..::.: only) •.............-.......... . Transferrei to surplus accotmt ••......... Total (to agree \o.i th item EAST) .•...... CAPE CEDE Subscribed capital Jan'L<.ary 1, 1923 ......•• Surglus January 1, 1923 .................. . t - 2 The cost of Furnitura and ~quipment during 1922 should be inclucied \'Ji th deductions frcm current earnings (code ENID) in accord.ance with the general instructions governing the preparation of earnin5s and expense reports issu~d by the Federal Reserve Board under date of June 20t 1921, instead of being charged to current expenses as has been the custom in prior years. It is also requested that the regular monthly reports of earnings and expenses on forrns 95, 96, 97, and 97-a be ::o.ccompanied with an itemizeci st:cct.err.e:rn; shm·.ing in cietail all additions to and deductions fron; cur:cent net earnings (Profit and Loss account) during the year, ~nd that in addition to the regular balance sheet fonu 34 for the last day of the year representing the condition of the baru:. after final closing of the books, a· form 34 be submitted sho,ving the condition of the bcmk at close of business but prior to the ma~:bg of a-ny profit and loss account entries. Very truly yours, E. L. Smead, Chief, Division of Bank Operations. LETTER TO BE SENT TO ':C~E GOVERl\OR AT EACH FEDERAL BESEF.V2 BAN},:, .
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