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NOT FOR PUBLICATION

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

1

L.4.1

Bank

' . ''LL,

h'GH

LIBRAR

Discounts
and
advances

Boston
New York
Philadelphia
Cleveland

$18,124
162,491
23,623
32,948

Richmond
Atlanta
Chicago
St. Louis

22,415
44,043
129,620
28,421

EARNINGS AM) EXPENSES OF FEDERAL RESERVE BANKS, JANUARY, 1955
Month
Current earnings

v

Industrial
loans
and commitments

$1,555
498
87
10

January

of

February 25, 1955
1955

Current
expenses

Current
net
earnings

Profit
and
loss
account

Accrued
dividends

Unallocated
net
eatings

U. S. Govt,
securities

Other
sources

Total

$1,682,495
7,812,963
1,855,690
2,613,389

$537
1,337
559
735

$1,701,156
7,976,791
1,881,427
2,647,570

$629,068
1,811,919
525,902
776,918

$1,072,088
6,164,872
1,355,525
1,870,652

$-7,577
-12,655
- 7,068
-10,046

$75,061
451,380
95,891
136,755

$989,450
5,700,837
1,252,566
1,723,851

1,795,926
1,552,995
5,330,573
1,275,943

482
132
2,252
217

1,818,823
1,597,257
5,462,455
1,304,581

633,281
571,490
1,323,588
523,813

1,185,542
1,025,767
4,138,867
780,768

- 7,122
- 6,346
-19,593
- 6,296

63,969
61,871
192,581
50,020

1,114,451
957,550
3,926,693
724,452

y

Minneapolis
Kansas City
Dallas
San Francisco

10,382
39,308
18,292
23,773

4l4
247

748,795
1,315,553
1,198,158
3,333,949

353
1,022
86
378

759,944
1,356,130
1,216,536
3,358,100

283,222
447,449
407,664
866,077

476,722
908,681
808,872
2,492,023

- 5,195
- 3,468
- 2,455
-14,388

32,032
54,951
72,865
158,054

439,495
850,262
733,552
2,319,581

TOTAL
January 1955
December 1954
January 1954

553,440
530,730
193,274

2,811
3,136
7,037

30,516,429
33,191,756
41,883,754

8,090
15,280
9,994

31,080,770
33,740,902
42,094,059

8,800,391
9,701,348
9,033,709

22,280,379
24,039,554
33,060,350

-102,209

1,445,430

20,732,740

215,880

1,332,124

31,944,106




1/ Includes earnings on U. S. Government securities not in System Open Market Account:
January 1955, $24,297; December 1954, $34,565; January 1954, $221,480.
2/ Includes amounts f o r current quarter applicable to i n t e r e s t on Federal Reserve notes.

New York, and