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FEDERAL RESERVE BOARD
WASHINGTON
address official correspondence t o
the federal reserve board

December 21, 1931•
B-606.
SUBJECT:

Reports of Earnings, Expenses,
Dividends, and Franchise Tax.
Payments f o r 1931.

Dear S i r :
In order t h a t the Board may have information regarding the
f i n a n c i a l r e s u l t s of operations of Federal reserve banks during the
present calendar year as soon as p r a c t i c a b l e a f t e r January 1, i t i s
requested t h a t the following data be telegraphed or mailed to the
Board in time to reach Washington Monday morning, January 4, 1932,
(Code)
EABL
EDGE
ESPY
ETCH
EACH
EASY
EDIT
EVER
EARN
ELBA
ENID

-

EAST EYRE EMET EVEN CAPP CEDE -

Earnings from discounted b i l l s . . . . $
Earnings from purchased b i l l s
Earnings from U. S. s e c u r i t i e s . . . .
Other earnings (items 4-8 on Form 95) •
Gross earnings
=========
=========
Cost of Federal Reserve Currency . . .
Other current expenses
TotaLcurrent expenses
mmmmm—mm.
Current net earnings
$
Additions to Current net earnings . .
Deductions from Current net earnings
Net a d d i t i o n s to or deductions
from current net earnings
Net earnings a v a i l a b l e f o r dividends,
f r a n c h i s e tax, and surplus
Dividends paid
Paid to Government as f r a n c h i s e tax
Transferred to surplus account . «
Total ( t o agree with item EAST)
Subscribed c a p i t a l January 1, 1932
Surplus January 1, 1932




I t i s also requested that the regular monthly r e p o r t s of
earnings and expenses on forms 95 and 96 he accompanied with a
statement showing in d e t a i l a l l addition's to and deductions from
current net earnings during the year with separate f i g u r e s f o r
each "branch, if any, and that in addition to the regular balance
sheet, form
f o r the l a s t day of the year representing the cond i t i o n of the bank a f t e r f i n a l closing of the books, a form 3^ be
submitted showing the condition of the bank a t close of business
but p r i o r to the making of any adjusting, closing or other e n t r i e s
not regularly made at the end of each month.
Very t r u l y yours,

E. L. Smead, Chief,
Division of Bank Operations.

TO GOVERNORS OF ALL FEDERAL RESERVE BAMS*