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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

MOT FOR PUBLICATION

EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, FEBRUARY, 1954

L.4.1

Federal
Reserve
Bank

Discounts
arid
advances
$16,161
66,552
14,204
22,259

Richmond
Atlanta
Chicago
St. Louis

24,113
45,791
102,771
15,700
14,378
20,775
25,129
61,612

TOTAL
February 1954
429,445
January 1954
193,274
February 1953
2,032,08?
Jan.-Feb. 1954
622,720
Jan.-Feb. 1953 4,062,383




Industrial
loans
and commitments

U. S. Govt,
securities

Other
sources

January - February 1954

1954

Current earnings

Boston
New York
Philadelphia
Cleveland

Minneapolis
Kansas City
Dallas
San Francisco

February

of

Month

Current
expenses

March 25, 1954

Current
net
earnings

Current
net
earnings

Profit
and
loss
account
(credit)

Total

1/

Accrued
dividends

Unallocated
net
earnings
2/

$1,994,918
9,386,247
2,182,946
3,075,450

$658
1,213
480
1,394

$2,011,737
9,454,012
2,202,921
3,099,615

$644,883
1,761,125
552,347
795,712

$1,366,854
7,692,887
1,650,574
2,303,903

$2,996,807
16,805,599
3,595,902
5,010,046

$22,405
78,088
22,958
36,268

$145,318
825,281
181,722
256,013

$2,873,894
16,058,406
3,437,138
4,790,301

114
829
18

2,148,384
1,853,082
6,261,544
1,524,193

719
290
-718
264

2,173,330
1,899,992
6,363,615
1,540,157

643,663
552,975
1,373,342
530,787

1,529,667
1,347,017
4,990,273
1,009,370

3,370,548
2,937,958
10,877,076
2,267,632

21,557
20,023
56,769
17,516

116,166
114,822
352,856
92,443

3,275,939
2,843,159
10,580,989
2,192,705-

459
734

894,170
1,578,971
1,439,127
3,949,910

362
822
114
706

909,369
1,601,302
1,464,370
4,012,228

290,226
441,072
407,023
877,344

619,143
1,160,230
1,057,347
3,134,884

11,185
18,512
16,439
33,250

59,970
102,037 '
133,313
294,740

7,957
7,037
12,681
14,994
26,383

36,288,942
41,883,754
36,377,197
78,172,696
76,563,271

6,304
9,994
7,624
16,297
28,828

36,732,648
42,094,059
38,429,589
78,826,707
80,680,865

8,870,499
9,033,709
8,826,305
17,904,207
18,130,056

27,862,149
33,060,350
29,603,284
60,922,500
62,550,809

$5,291
512

1,376,651
2,541,342,
2,321,455
6,821,484

60,922,500
62,550,809

354,970
18,731

2,674,681
2,547,405

1,327,866
2,457,817'
2,204,581
6,559,994

58,602,789
60,022,135

l/ Includes earnings on U. S. Government securities not in System Open Market Account: New York $59,869;
January 1954, $221,480; February 1953, $67,794; January - February 1954, $281,349; January - February 1953, $380,2232/ Includes amounts for current quarter applicable to interest on Federal Reserve notes.