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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM NOT FOR PUBLICATION August 21, 1956 EARNINGS Aim EXPENSES OF FEDERAL RESERVE BANKS, JULY 1956 L.4.1 of Month, Federal Current earnings Reserve Industrial loans and commitments Bank Discounts and advances Boston New York Philadelphia Cleveland $35,472 407,605 194,132 152,114 Richmond Atlanta Chicago St. Louis 65,737 48,682 457,648 45,096 Minneapolis Kansas City Dallas San Francisco 130,359 114,419 40,224 33,797 221 1,262 1956 1,725,385 1956 1,831,832 1955 828,105 1956 13,440,693 1955 4,746,961 4,786 4,785 3,403 28,617 23,380 TOTAL July June July Jan.-July Jan.-July $1,147 1,944 168 " 44 U. S. Govt. securities ±/ Other sources 2/ January - July 1956 1956 July Total Profit and loss account Current net earnings Current net earnings 622,679 888,672 $1,989,267 10,610,237 2,501,947 3,479,354 $12,689,326 $17,193 67,532,170 66,173 15,928,316 13,755 21,645,616 21,015 Current expenses $726,214 $2,678,409 12,284,361 2,928,141 4,214,670 $453 37,349 359 1,074 $2,715,481 12,729,315 3,124,626 4,368,026 3,000,162 2,505,569 8,501,751 2,034,413 2,064 1,921 2,282 167 3,068,013 2,556,172 8,961,725 2,079,676 698,133 687,529 1,488,956 544,097 2,369,880 1,868,643 7,472,729 1,535,579 14,278,593 12,207 # 3 8 R 1,100,629 2,111,404 1,936,664 5,452,763 1,161 1,144 425 140 1,232,370 2,228,229 1,977,313 5,486,700 310,977 484,536 489,990 1,060,938 921,393 1,743,693 1,487,323 4,425,762 5,824,697 27,753,702 27,400 48,748,936 44,619,841 31,854,382 309,714,709 210,130,634 48,539 82,231 25,598 352,924 153,048 50,527,646 46,538,689 32,711,488 323,536,943 215,054,023 10,121,839 9,685,032 9,143,607 68,075,173 63,364,342 40,405,807 36,853,657 23,567,881 255,461,770 151,689,681 255,461,770 151,689,681 281,948 81,730 2,119,078 Accrued dividends Interest on F. R. notes to June 30 9 16,937 4 9 8 , 0 6 9 10,340,538 8,922,835 jLl ERVB0&&NK 35,083,922 S 6,817,437 W m t ia5 ;»EM a/ $ 5 7 0 > 5 4 4 $ 9 , 1 9 6 , 6 6 0 $2,939,315 3,180,993 48,802,447 15,614,903 3,693,349 701,983 11,546,739 5,071,138 1,044,446 15,551,047 I W 1 0 Unallocated net . earnings l44,576 3,456,923 2,795,603 11,186,261 2,246,479 4,225,869 7,770,498 6,993,738 20,020,755 1,360,259 2,550,729 2,184,738 6,473,782 10,897,754 185,272,485 10,245,228 107,503,103 34,023,080 L I M 1,286,565 1/ Includes earnings on U. S. Government securities not in System Open Market Account: New York, July 1956, $20,481; June 1956, $87,740; July 1955 $59,850; January-July 1956, $664,283; January-July 1955, $264,515* , ,„ 2 / Includes earnings on acceptances: New York, July 1956, $35,947; June 1956, $33,337; July 1^5>, $l6,8l4; January-July 1956, $232,400; January-July 1955, $ 6 9 , 2 8 1 . 3 / Includes amounts for current quarter applicable to interest on Federal Reserve notes. 59,573,479