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f e o e a A L tesesvj?

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«' KANSAS CITY

EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, AUGUST i960

NOT FOR PUBLICATION

2 8 i960
August

.of.

Federal

I960

Current earnings

Reserve
Bank

Discounts
and
advances

U. S. Govt,
securities

y

Other
sources

2/

Total

Current
expenses

$881,226
2,681,226
697,852
1,103,857

Current
net
earnings

Boston
New York
Philadelphia
Cleveland

$31,616 $4,965,525
109,274 23,629,303
29,019
5,290,401
45,338
7,938,650

$1,728 | $4,998,869
97,037 \ 23,835,614
1,587 | 5,321,007
2,8441 7,986,832

Richmond
Atlanta
Chicago
St. Louis

65,103
5,848,398
104,886
5,066,333
233,673 15,814,838
21,350
3,734,493

1,875 I 5,915,376
3,888 * 5,175,107
.1,965 | 16,050,476
278, 3,756,121

4,922,903
992,473
888,8511 4,286,256
1,846,959 ! 14,203,517
681,079 | 3,075,042

32,661 2,144,120
87,117
3,965,860
40,071
3,723,682
19,279 10,859,476

1,310 I 2,178,091
2,710 | 4,055,687
.1,344 i 3,765,097
1,836 i 10,880,591

465,768 I
722,985 |
601,3811
1,469,091j

Minneapolis
Kansas City
Dallas
San Francisco
TOTAL:
August
July
August
Jan.-Aug.
Jan.-Aug.

i960
i960
1959
i960
1959

819,387
1,152,664
3,050,002
14,945,070
15,844,734

$4,117,643
21,154,388
4,623,155
6,882,975

1,712,323
3,332,702
3,163,716
9,411,500

92,981,079
118,402 93,918,868 13,032,748 80,886,120
96,611,328
120,531 97,884,523 12,830,952 85,053,571
85,624,781
88,474 88,763,257 11,825,250
76,938,007
742,580,729 1,331,624 758,857,423 101,405,044 657,452,379
504,173,331
844,387 520,862,452 94,744,904 426,117,548

January - August I960
Current
net
earnings

Profit
and
loss
account

Accrued
dividends

Interest
on F. R.
notes since
January 1

Unallocated
net
earnings

y

$33,718,625 $1,163,123
169,444,847 2,094,459
37,451,464
873,953
921,863
55,834,889

$782,685
4,519,677
927,255
1,469,939

$28,577,355
139,456,305
31,754,368
46,609,688

$5,521,708
27,563,324
5,643,794
8,677,125

40,481,164
34,762,941
116,625,465
25,041,947

1,234,733
936,666
1,764,754
508,092

712,674
833,099
2,198,150
531,183

34,183,153
28,768,714
97,817,885
21,051,390

6,820,070
6,097,794
18,374,184
3,967,466

14,502,717
28,112,383
25,725,060
75,750,877

307,970
554,413
550,565
1,481,497

364,693
660,209
914,834
1,937,943

11,912,189
22,807,182
20,767,733
63,536,102

2,533,805
5,199,405
4,593,058
11,-758,329

657,452,379 12,392,088 15,852,341 547,242,064 106,750,062
426,117,548
561,059 15,035,954 303,044,638 108,598,015

l/ Includes earnings on U. S. Government securities not in System Open Market Account: New York, August i960, $582,022; July i960, $295,040;
August 1959, $136,440; January-August i960, $2,031,094; January-August 1959, $1,046,049.
2/ Includes earnings on acceptances: New York, August i960, $95,929; July I960, $83,269; August 1959, $65,872; January-August i960, $937,998;
January-August 1959, $621,080.
3/ Includes amounts for current month applicable to interest on Federal Reserve notes.
BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
DIVISION OF BANK OPERATIONS
September 22, i960