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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NOT FOR PUBLICATION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