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CONFIDENTIAL BOARD 0? GOVERNORS OF THE FEDERAL RESERVE SYSTEM . GH 1947 EARNINGS AND CTPBHgBg OF FEDERA.L RESERVE BANKS, MAR L.4.1 April 15,19U7 Maro Boston New York Philadelphia Gleveland Earnings from — U. S, Govt, securities Industrial Disloans counts Option System and commit and Account Account ments advances Other sources Total 3,680 675 $18,025 $737,406 1,837,963 1,015,891 41,155 802,512 16,064 1,021,591 $952 5,H0 629 10,525 $776,967 2,937,340 861,802 1,066,975 $299,195 1,172,415 324,688 434,972 169 1,075 694,612 588,709 1,219,574 559,152 12,208 5,906 567,386 29,676 3,032 1,992 11,009 6,777 725*221 603,704 1,843,352 608,247 299,67J 240,805 64o,439 267,469 341,020 271,116698,972 313,048 384,201 332,588 1,144,380 10,004 18,625 8,940 98,753 1,386 13,402 1,152 3,862 345,348 565,610 485,869 1,168,816 150,593 245,214 240,985 443,787 158,884 257,350 261,525 516,465 186,464 $20,516 78,376 13,826 18,120 $68 Richmond Atlanta Chicago S t . Louis 15,369 7,097 45,214 11,567 Minneapolis Kansa? C i t y Dallas San Francisco 13,789 5,991 4,914 16,926 164 320,169 527,592 470,863 1,049,111 251,705 264,821 255,552 726,756 548,191 5,831 4,880 4,026 15,312 13,672 9,829,254 9,139,924 10,622,216 29,264,868 32,642,207 TOTAL March February March Jan.-Mar; Jan.-Mar. 1947 1947 1946 W 1946 Current expenses 1,842,633 59,828 55*172 1,797,298 57,450 1,763,964 5,489, HO 174,623 4,922,421 150,015 Total Net operating current expenses l / expenses 2 / $350,643 1,322,049 370,683 484,846 5,346,601 11,989,251 4,760,239 4,767,971 5,317,388 11,262,095 3,847,424 4,355,240 12,703,208 14,239,346 15,951,458 35,670,669 11,498,203 13,050,109 38,276,506 Current net earnings Current net earnings $426,324 $*,229,501 1,615,291 4,826*839 491,119 1*443,274 582,129 1,^06,655 295,199 308,260 224,344 652,351 Accrued dividends Amount available for reserves losses, and surplus $9,846 $167,125 $1,072,222 106,807 998,167 3,935,479 29,357 211,430 1,260,981 1,465,089 36,651 278,217 23,856 1,119,253 19,966 974,785 49,286 3^342,239 670,971 -122,359 119,289 108,408 339,946 93,673 1,023,820 886,343 3,051,579 654,939 10,712 18,836 16,385 37,926 62,382 94,168 104,674 265,240 512,907 797,569. 604,772 1,847,841 564,577 &72,90l 693,061 2,075,155 6,642,650 5,944,707 8,347,968 19,719,211 19,719,211 237,049 2,842,719 17,113,541 25,226,397 1,551,612 2,694,411 24,083,598 25,226,: l / Operating expenses a f t e r deducting reimbursable expenses, 2 / Net operating expenses plus cost of Federal Reserve currency and assessment for Board's expenses.