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MOT FOR PUBLICATION " ~ ~ V*:' L.4.1 ' ;, D :; BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1 of Month Federal March " Bank Discounts and advances Boston New York Philadelphia Cleveland $135,264 404,719 157,990 109,391 Richmond Atlanta Chicago St. Louis 85,556 150,860 785,362 33,035 Minneapolis Kansas City Dallas San Francisco 132,550 TOTAL March February March Jan.-Mar. Jan. -Mar. 1957 1957 1956 1957 1956 89,672 Industrial U. S. Govt, loans and commit- securities ments it $1,280 1,343 51 38 163 790 38,913 58,603 2,181,915 1,558,115 2,091,741 4,812,737 5,365,455 2/ Current expenses Current net earnings Current net earnings Total Profit and loss account Unallocated net earnings 3/ $101 68,690 648 587 $3,318,190 15,199,237 3,638,172 5,116,422 $709,616 2,118,094 631,578 973,965 $2,608,574 13,081,143 3,006,594 4,142,457 $7,122,822 3,563,741 2,976,238 10,098,799 2,416,576 544 940 3,649,841 3,128,038 10,888,251 2,449,976 774,581 724,049 1,531,644 634,983 2,875,260 2,403,989 9,356,607 1,814,993 8,131,317 6,795,438 25,410,199 5,213,889 5,237 3,033 8,192 2,001 225,487 7,911,067 168,291 5,047,599 1,440,812 2,599,411 2,339,726 6,536,361 491,720 512,784 497,302 1,123,206 949,092 2,816,312 2,086,627 1,842,424 5,413,155 793 5,230,597 15,170,892 -10,295 1,533 108,465 197,838 273,383 588,181 2,708,640 5,657,368 4,946,919 14,584,244 10,723,522 10,373,211 46,922,838 9,720,520 170,194,407 31,647,193 131,384,878 28,739,032 49,580,915 41,850,682 37,202,318 138,547,214 102,645,846 138,547,214 102,645,846 40,558 114,352 4,052 365 1,307,382 2,508,030 2,300,464 717 919 349 58,040,247 78,610 50,569,027 44,787,062 93,174 40,568 308,325 143,098 165,062,157 125,866,174 698 60,304,437 52,223,893 $4,111 13,601 3,264 36,585,877 8,563,431 11,654,053 6,269 2,819 5,852,387 1/ Includes earnings on U. S. Government securities not in System Open Market Account: New York, March 1957# $158,187, February 1957, #3,939; March 1956, $155,018; January-March 1957, $340,158; January-March 1956, $382,664. 2/ Includes earnings on acceptances: New York, March 1957, $67,177; February 1957, $74,193; March 1956, $29,93-5; January-March 1957, $246,399; January-March 1956, $105,012. 2/ Includes amounts for current quarter applicable to interest on Federal Reserve notes. Accrued dividends $3,181,545 14,725,828 3,478,191 5,006,393 6,477,060 3,665 3,577 3,467 11,188 10,151 Other sources January •- March 1957 1957 Current earnings Reserve April 22, 1957 EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS. MARCH 1957 $254,892 $6,872,041 1,418,363 35,181,115 312,838 8,253,857 11,186,947 473,375 236,674 6,561,797 672,866 24,745,525 4,930,653 133,657,119 4,597,353 98,162,845