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I C O N F I D E N T I A L Not f o r p u b l i c a t i o n EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, MAY I 9 k k B-811 Earnings from Commitments Other U. S . t o make IndusDissources Govt, industrial counted t r i a l securities advances advances bills Federal Reserve Bank Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t . Louis & Minneapolis Kansas C i t y Dallas San F r a n c i s c o TOTAL May April May Jan.-May Jan.-May May of Month $6,k6l 35,256 2,316 827 $3,955 k80 ik,623 1,258 $-k9 2,50k 921 765 339 lk 2l*k l,lk6 I6,lk3 $579,707 11 2,232,602 27 625,766 815,785 — $1,976 7,811 575 5,918 Current expenses Total $592,050 2,276,160 61*3,280 Net operating expenses l / $232,31*1* 771,103 230,121 853,815 317,766 190,706 127,658 1,07k,221 385,921 U81 2,070 11,072 191,700 k30,988 1,086,1*53 1*03,730 221*,053 181,569 1*61*, 162 232,293 237,221 1*10,052 35b,337 1,363 395,375 353,1*17 839,225 387 11,105 82k 335 851,268 9k,ilk 177,318 11*5,706 352,950 — —» 6 1,660 167,788 Total current expenses 2 / $278,681 79,685 398,009 222,521* 166,329 977,919 1*57,252 1,980,232 775,671 k9,0lk k3,i67 90,918 36,156 156,72k 138,k55 k53,llk 119,581 55k,362 ilk,936 38,kl7 32,798 70,950 8k,921 127,178 167,21*3 511*, 517 128,732 207,1*72 187,09k 336,751 k,280,07k 272,176 261*, 659 629,201 205,128 108,1*89 1,602 8,1*82,676 1*7,211* 8,63k, 0 5 k 3,358,99k It, 3 5 3 , 9 8 0 9kk k,287 7,801*, 721* 5,238,61*2 1*1*, 813 66,851 7,916,959 5,358,192 3,269,718 1*, 195,21*9 2,860,075 3,1*00,531* I9kk I9k3 169,050 15k,352 191,628 8,861 20,771 16,253,328 11*, 1 0 5 , 7 6 7 20,61*6,331 k0,6k8 28,723,712 253,582 29,230,31*1 $63,905 $2k6,766 230,990 l , k k 2 , 3 0 5 295,298 31,956 33,2k3 39,705 3 7 , 8 6 8 , 7 9 7 2 2 5 , 0 9 2 38,1*26,152 202,580 17,159,152 1*50; 067 198,602 5,125,526 691,227 Amount available for reserves, l o s s e s , and surplus $1,131,636 3,91k,211 1,276,557 1,500,kll 870,208 595,938 1,618,036 692,226 326,20k 59k,377 729,935 6k5,kl8 1,323,376 17,779,821 1,011,085 3,908,577 12,071,189 28,572,738 3,671,856 lk,882,329 36,972,069 818.696 732,6k2 1,578,629 120,022 3,721,710 1,957,608 17,779,821 12,071,189 l / Operating expenses a f t e r d e d u c t i n g reimbursable expenses. 2 / Net o p e r a t i n g e x p e n s e s p l u s c o s t of F e d e r a l R e s e r v e c u r r e n c y and a s s e s s m e n t f o r B o a r d ' s e x p e n s e s . BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DIVISION OF BANK OPERATIONS •JUNE 17, 1 9 k k . Accrued dividends 160,169 70,606 33,235 8,707 — Profit and loss account l , k l l . - 686 1,818,73k 1,013,31*5 291,213 1*03,71*8 19# l9kk I9k3 - - Current net earnings $i,3lk,k97 88 562 k28 —— Current net earnings 191*1* $313,369 1,262,815 31*9,067 587 ikk 8 9,783 3,95k May January- W