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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

G OHF I D E N T I A L

Month

January - December 1948

1*8

December

of

Earnings from —

Federal
Reserve
Bank

Discounts
and
advances

Boston
Mew York
Philadelphia
C leve land

$234709
162/561
29*809
37,202

Richmond
Atlanta
Chicago
S t , Louis

21,997
18,252
51,295
it,373

Minneapolis
Kansas City
Dallas
San Francisco

8>05b
19,833

TOTAL
Dec,
Nov_
Dec.
Jan,
Jan,-Dec,

February 3, 1 * 9

BARKINGS AMD EXPENSES OF FEDERAL RESERVE BANKS, DECEMBER, 19^8

L.4.1

Industrial
loans
and commit"
ments

3,^16
-2,83b
176
U15
289

U.S. Govt*
securities

Other
sources

$2,130,*8

7,669,575
2,28b,733
3,o66,b6l

$6,572
11,221
655
20,Ui9

$2,161,293

2+077,27k
1,603,535
b*562,7bb
1,759,516

2,623
1,974
7,864
4,395

2,102,070

979, * 8

*1

1,490,882

8,901
29,613

68

125,399
b35,b65
23lul57
1*7
1 * 8 4,370,951
1*7 2,i*,5b6
w
w




*

98

1,449,556

2,911,309

15,553
1,079
4*882

1.692
4,859
8,448
56,484
79,643

31,985,611
30,878,835

77,908

17,926,217

298,903,034
*155,563,861

72,819

98,35k
830,349
817,515

Total

7,843,157
2,318,613
3,120,978

Current
expenses
$475,9*
1,557,6*
427,773
693,435
455,*9
371,705

1,624,176
k,622,l92
1,778,314

1,080,120

988,043
1,526,336
1,459,536
2,945,902

214,479
336,165
293,163
580,518

32,490,610
31,391,978
18,267,176
304,160^ $18
158,655,565

6,892,031

405,036

6,561,964
6,314, * 7
72,710,188
55,392,975

Current
net
earnings

Current
net
earnings

$1,685,299 $15,235,565
6,285,463 56,755,823
1,890*840 16,914,023
2,427,545 22,507,639

552,893

$679,032
4,141,797
874,343
1,138,865

$11,071,200
39,809,Ob1
12,18b,077
16,153,370

$3,864,274

1,506,lob
.2,501,602

392,462

508,237

3,798,351
2,87b,531

1,76b,003
2,688,976

$378,*1

465,488
1,472,491
392,300

10,557,008
10,435,129
21,246,518

168,367
282,795
262,977
555,400

262,776
407,803
460,093
1,116,584

5,081,916
7,743,024
7,589,538
15,306,512

231,450,630

2,992,678

773,564

6,*0,328

25,598,579
24,830,01b
11,953,129
>31,150,630
93,262,590

Interest Unallocated
net
on F, R,
earnings
notes to
Dec, 31

780,198
322,102

14,769,1*
11,308,707
32,564,214
12,216,272

1,166,373
2,365,384

Accrued
dividends

10,855,278
8,260,729
23,621,237
9,014,434

1,646,121
1,252,471
3,542,072
1,373,278
1,190,171

Profit
and
loss
account

93,262,590

292,0m

1,973,002

Includes $13,432,142 earnings on U, S, Government securities not in System Open Market Account,

11,919,809

ll,523,ob6

14,311,089

i,35b,001
5,768,297

8,250,68b

3,131,640

2,648,475
5,378,822

166,690,356 55,833,143

75,223,818 8,488,728