The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
1958 Annual Statement Federal Reserve Bank of Kansas City This is a statement of condition of the Federal Reserve Bank of Kansas City at the end of 1958 as compared with 1957, together with a comparative statement of earnings and expenses for 1958 and 1957. These figures include operations at the Denver, Oklahoma City, and Omaha Branches as well as Kansas City. The regular Annual Report for 1958 is being prepared and will contain a more detailed account of operations, along with a discussion of general economic conditions during the past year. When this report is issued, a copy will be sent to each member bank in the Tenth Federal Reserve District. Very truly yours, ff~4 President January 7, 1959 Statement of Condition ASSETS Dec. 31, 1958 Cash reserves : Gold certificates ...................................................... $ Other cash ............................................................. . Discounts and advances ............. .................................... . U. S. Government securities: Bills ....................................................................... . Certificates ............................................................... . Notes ...................................................................... Bonds ........................................................................ 791,871,662 14,661,659 19,206,100 Dec. 31, 1957 $ 885,067,043 12,491,928 7,098,500 96,056,000 796,026,000 122,396,000 106,015,000 42,228,000 855,809,000 Total U. S. Government securities .............. $ 1,120,493,000 Total loans and securities .............................. $ 1,139,699,100 Due from foreign banks.................................................. 566 Federal Reserve notes of ot11er banks.......................... 11,317,500 254,994,838 Uncollected items .......................................................... Bank premises................................................................. 4,799,175 7,130,018 Other assets .................................................................... $ 1,018,325,000 $ 1,025,423,500 552 10,162,000 238,904,425 4,902,749 9,493,310 120,288,000 Total Assets ......................................................$2,224,474,518 $2,186,445,507 LIABILITIES Federal Reserve notes .................................................. $ 1,101,081,490 Deposits: Member bank-reserve accounts ......................... . 817,730,084 U. S. Treasurer-general account ......................... . 38,270,898 Foreign ...................................................................... 9,165,000 Other deposits ....................................................... . 3,278,497 $ Total Deposits ................................................$ Deferred availability items ......................................... . Other liabilities ............................................................. . $ 868,444,479 200,589,795 848,054 1,077,384,660 804,111,093 41,689,989 12,958,000 3,435,509 862,194,591 195,229,561 479,677 Total Liabilities ................................................$2, 170,963,818 $2, 135,288,489 CAPITAL ACCOUNTS Capital Surplus Surplus Reserve paid in .............................................................. $ ( Section 7) ....................................................... . (Section 13b) .................................................. for contingencies .............................................. . 14,847,850 32,934,892 5,727,958 $ 13,780,700 30,532,901 1,137,044 5,706,373 Total Liabilities and Capital Accounts ..........................................$2,224,474,518 $2, 186,445,507 Earnings and Expenses CURRENT EARNINGS Year 1958 Discounts and advances ................................................ $ 607,851.21 Industrial advances (commitments) ........................... . 2,620.99 United States Government securities ......................... . 31,338,904.50 All other ......................................................................... . 25,014.81 $ 31,974,391.51 Year 1957 $ 1,854,824.61 8,695.06 31,508,276.48 27,289.01 $ 33,399,085.16 CURRENT EXPENSES Net operating expenses ..................................................$ Assessment for expenses of Board of Governors.......... Federal Reserve currencyOriginal cost, including shipping charges........... . Cost of redemption, including shipping charges 6,593,067.69 228,100.00 $ 6,991,935.59 $ 139,549.07 31,218.83 6,029,645.22 288,200.00 337,922.59 27,261.90 $ 6,683,029.71 Current Net Earnings ......................................$24,982,455.92 $26,716,055.45 ADDITIONS TO CURRENT NET EARNINGS Net profit on sales of United States Government securities ..............................................$ Reimbursement for Fiscal Agency expenses incurred in prior years.............................. . Other................................................................................ 6,663.93 $ 7,176.67 52,223.09 998.30 810.28 $ 7,474.21 $ 60,398.06 Transferred to reserves for contingencies....................$ Retirement System (adjustment for revised benefits) Other................................................................................. 21,478.57 $ 18,221.17 452,488.00 693.76 $ 21,513.75 $ 471,402.93 DEDUCTIONS FROM CURRENT NET EARNINGS 35.18 Net Earnings ....................................................$24,968,416.38 $26,305,050.58 DISTRIBUTION OF NET EARNINGS Dividends paid ..............................................................$ 861,731.26 Paid United States Treasury (interest on outstanding Federal Reserve notes).... 21,696,020.08 2,410,665.04 Transferred to surplus.................................................... $ 807,519.91 22,947,783.65 2,549,747.02 $ 24,968,416.38 $ 26,305,050.58