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Q 0 NFIDENTIAL

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

UBKAH7 D E F I .
F03ERAL R'SERVC BAM&
gf K.aiiSSS eitv

EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, MARCH, 1952

Federal
Reserve
Bank

Boston
New York
Philadelphia
Cleveland

Month
Current earnings
Discounts
and
advances
$7,229
71,557
8,524
12,522

Industrial
loans
and commitments

$14,207
519

U.S. Govt,
securities
1/

March

of

Other
sources

Total

A p r i l 22, 1952
January - March 19>2

1952

Current
expenses

ArK

Current
net
earnings

Current
net
earnings

Profit
and
loss
• account
(credit)

Accrued
dividends

Unallocated
net
earnings
2/

$2,495,650
7,937,115
2,260,527
3,670,163

$628
2,411
296
1,585

$2,503,507
8,011,083
2,283,554
3,684,789

$580,873
1,802,325
523,331
744,977

$1,922,634
6,208,758
1,760,223
2,939,812

$5,522,376
17,974,952
5,131,457
8,546,494

$123,728
320,472
91,799
128,992

$196,212
1,143,478
253,328
343,425

$5,449,892
17,151,946
4,969,928
8,332,061

Richmond
Atlanta
Chicago
S t . Louis

18,881
18,426
150,861
16,951

492
3,503
1,159

2,460,163
2,164,261
5,686,473
2,021,244

662
187
847
1,340

2,480,198
2,186,377
5,839,340
2,039,535

589,845
503,823
1,266,935
483,637

1,890,353
1,682,554
4,572,405
1,555,898

5,529,803
4,951,466
13,370,937
4,550,754

89,805
74,830
210,793
76,543

157,492
148,963
463,465
126,469

5,462,116
4,877,333
13,118,265
4,500,828

Minneapolis
Kansas City
Dallas
San Francisco

4,188
34,020
5,208
141,469

545
168
61
231

1,170,683
1,770,438
1,739,663
3,448,808

259
791
97
128

1,175,675
1,805,417
1,745,029
3,590,636

264,350
412,922
362,370
858,107

911,325
1,392,495
1,382,659
2,732,529

2,662,311
4,091,064
4,035,638
8,050,606

42,738
65,358
63,346
129,535

81,436
135,991
171,08s
384,593

2,623,613
4,020,431
3,927,902
7,795,548

489,836
494,875
367,320
1,268,075
1,112,927

20,885
18,906
16,760
57,697
46,289

36,825,188
34,038,482
30,085,440
108,527,449
83,395,867

9,231
8,711
17,317
31,653
36,184

37,345,140
34,560,974
30,486,837
109,884,874
84,591,267

8,393,495
8,368,692
7,922,751
25,467,016
22,634,576

28,951,645
26,192,282
22,564,086
84,417,858
61,956,691

84,417,858 1,417,939
61,956,691 -1,597,919

3,605,934
3,408,532

82,229,863
56,950.240

TOTAL
March
February
March
Jan.-Mar.
Jan.-Mar.

1952
1952
1951
1952
1951




l/
2/

Includes earnings on U. S. Government s e c u r i t i e s not in System Open Market Account: New York, $12,386
March 1951, $21,195; January-March 1952, $37,480; January-March 1951, $83,012.
Includes amounts f o r c u r r e n t q u a r t e r applicable to i n t e r e s t on Federal Reserve notes.