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CONFIDENTIAL Not for publication EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, DECEMBER 1944 Month Federal Reserve Bank Earnings from — TJ. S. Govt, securities System Option Industrial Disloans counted and commitbills ments Account Boston New York Philadelphia Cleveland $2,670 Richmond . Atlanta Chicago St. Louis 1944 Dec. igL) Jan.-Dec.1944 Jan.-Dec.19b) Other sources Total Net operating expenses l / $519,29% 2,271,493 609,301 771,973 $34,226 854,074 53,853 25*322 $1,939 2,883 1,469 6,o45 $588,851 3,229,367 $230,695 805,219 668,886 1,119 493 3,082 75 19,085 7,929 5,750 785 628,857 476,944 1,439,298 442,571 539 646 10,946 7,154 121,307 184,947 42,787 724,113 151,915 127 7,356 15,162 18,114 30,336 260,012 26,265 218,167412,597 321,243 935,262 6,491 18,592 8,416 110,740 9,080,000 1,425,005 1,522,773 * 8,071,272 6,825,055 325,025 87,416,220 15,393,298 * 463,185 68,089,456 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DIVISION OF BANK OPERATIONS JANUARY 20, I9L5 19w Current expenses $725 325 2,103 584 581 1,479 134 14 Account December 97,592 2,157 1,295 8,020 Minneapolis Kansas City Dallas San Francisco TOTAL ec„ l9Wl jnov* of 887 13,420 911 265 Total current expenses 2 / B-811 January - December 1944 Current net earnings Current net earnings $261,076 232,409 376,393 933,912 289,717 416,748 $327,775 $3,535,018 2,295,455 17*547,530 379,169 3,877,368 388,471 5,049,229 652,682 486,087 1,718,276 482,525 225,314 174,950 481,064 284,154 218,585 516,655 368,528 2,774,030 267,502 2,382,464 1,201,621 7,447,542 226,129 103,986 111,813 227,170 190,221 446,215 330,704 1,053,637 47,104 10,688,578 39,890 9,836,996 56,396 6,954,574 753,144 170,068 188,468 159,722 339,475 3,435,683 3,310,349 3,327,750 533,173 104,391,829 39,659,496 601,159 69,305,715 35,793,816 Profit and loss account Amount available Accrued for reserves, dividends losses, and surplus $208,952 $595,572 $3,148,398 961,760 3,483,538 15,025,302 384,881 719,005 3,543,245 334,537 967,057 . 4,416,709 189,275 196,146 380,713 339,513 192,208 206,159 279,252 2,165,269 383,833 1,115,422 142,418 293,577 1.387.516 2,176,525 1.853.517 160,674 417,545 114,316 219,045 140,485 636*092 4,070,869 6,617,709 203,273 5,019,850 136,571 323,947 307,792 295,889 795,891 2,582,591 2,239,098 6,715,953 2,oi4,HO 1,373,565 2,029,407 1,694,199 4,547,907 5,852,568 3,984,428 4,150,775 2,803,799 49,175,921 55,215,908155,215,908 3,615,202 9,500,128 49,330,994 43,545,564 25,760,151125,760,151 26,775,62? 3,911,341 43,624,435 l / Operating expenses a f t e r deducting reimbursable expenses. Zy Net operating expenses plus cost of Federal Reserve currency and assessment for Board's expenses. * Included in preceding column.
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