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FEDERAL RESERVE. tiAMK of KANSAS CITY FEB 2 9 ::vu RESEARCH LIBRARY L.U.I NOT FOR PUBLICATION EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, January i960 Current earnings I960 January Of Month Federal Current net earnings Profit and loss account Interest on F. R. notes since January 1 Unallocated net earnings Current expenses Current net earnings $818,598 2,513,284 688,136 1,021,259 $4,214,431 21,316,102 4,728,581 7,030,759 $7,166 56,032 -3,485 10,834 $95,963 553,405 114,314 181,786 $4,125,634 20,818,729 4,610,782 6,859,807 844,434 856,020 1,738,783 661,612 5,115,899 4,372,423 14,639,430 3,285,716 5,992 6,185 21,369 5,079 86,927 101,621 269,371 65,020 5,034,964 4,276,987 14,391,428 3,225,775 482,672 616,624 603,140 1,375,013 1,693,476 3,594,826 3,314,452 9,371,524 4,857 5,806 5,307 15,128 44,247 79,844 112,035 238,624 1,654,086 3,520,788 3,207,724 9,148,028 140,270 1,943,157 82,677,619 12,219,575 January i960 94,897,194 245,531 3,048,346 91,603,317 85,174,457 13,498,706 98,673,163 December 1959 314,495 i 3,144,047 95,214,621 1,834,647 6,911 45,261,210 11,656,249 January 1959 122,599 ' 56,917,459 1,196,905 55,597,955 l/ Includes earnings on U. S. Government securities not in System Open Market Account: New York, January i960, $71,308; December 1959, $145,120; January 1959, $111,719' Y , . 2/ Includes earnings on acceptances: New York, January i960, $194,051; December 1959, $214,930; January 1959, $101,082. 3/ Includes amounts for current month applicable to interest on Federal Reserve notes. 80,874,732 Reserve Bank Discounts and advances U. S. Govt, securities y Boston New York Philadelphia Cleveland $69,359 524,795 195,974 126,156 $4,962,408 23,105,521 5,219,704 7,924,658 Richmond Atlanta Chicago St. Louis 93,422 384,608 532,145 223,722 5,866,104 4,824,103 15,839,797 3,722,607 Minneapolis Kansas City Dallas San Francisco 89,589 262,820 255,119 290,637 2,084,824 3,945,487 3,653,409 10,454,695 Other sources 2/ Total $1,262 1i $5,033,029 23,829,386 199,070 5,416,717 1,039 8,052,018 1,204 807 5,960,333 5,228,443. 19,732 16,378,213 6,271 999: 3,947,328 1,735 3,143 9,064 1,205 2,176,148 4,211,450 .3,917,592 10,746,537 Accrued dividends u TOTAL: - 43,433,474 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DIVISION OF BANK OPERATIONS February 24, i960