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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

NOT FOR PUBLICATION

June 21, 1956

EARNINGS AM) EXPENSES OF FEDERAL RESERVE BANKS, MAY 1956

L.4.1
of

Month
Federal

May

Current earnings

Reserve
Bank
Boston
New York
Philadelphia
Cleveland

Discounts
and
advances
$110,390
358,524
263,774
172,501

Richmond
Atlanta
Chicago
St. Louis

73,205
162,337
542,937

Minneapolis
Kansas City
Dallas
San Francisco

177,232
148,229
126,459
68,253

2,289,601

TOTAL
May
April
May
Jan. -May
Jan. -May

Industrial
loans
and commitments
$1,147
2,074
204




2,228,419
666,727
9,883,476
3,230,270

Other
sources
2/

Total

$2,501,180

$1,217
31,247
429
849

$2,613,934
11,983,417

391

11,593,646
2,734,389
3,935,789

Current
expenses

Current
net
earnings

Current
net
earnings

Profit
and
loss
account

Accrued
dividends

4,109,343

$8,862,450
47,415,393
11,022,438
15,071,767

$7,058
26,265
3,461
5,763

716,330
632,865
1,410,139
591,588

2,158,910

1,870,469
7,073,162
1,394,449

9,794,771
8,512,182
33,432,347
6,529,159

6,957
2,707
3,847
3,994

353,099
354,313
1,036,374
268,029

4,817,825
4,226,756
16,259,958
3,267,061

4,630,804
3,933,820
16,139,862
2,998,063

2,033,863
3,751,445
3,344,661
9,525,031

1,841,610
3,343,712
3,069,897
8,858,009

3,000,666

$406,822 $4,394,051 $4,068,635
2,266,307 23,893,113 21,282,238
499,942
5,442,773 5,083,184
743,541
7,390,187 6,943,802

1,167
480

230
1,204

1,027,803
1,971,694
1,808,516
5,091,958

782
1,573
745
908

1,206,047
2,122,700
1,935,720
5,161,119

308,527
529,086
434,010
1,016,466

897,520
1,593,614
1,501,710
4,144,653

4,048,311
7,405,482
6,835,655
19,272,351

1,468
2,124
1,959
10,267

174,306
312,449
423,056
899,578

4,859
4,036
4,032
19,046
16,393

45,645,390
44,834,366
30,814,789
216,345,930
147,877,615

41,008

47,980,858
47,104,871
25,361
31,510,909
222,156 226,470,608
77,239 151,201,517

9,918,123
9,611,147
9,175,642
48,268,302
44,954,511

38,062,735
37,493,724
22,335,267
178,202,306
106,247,006

178,202,306
106,247,006

75,870
50,435

7,737,816
7,294,595

38,050

Unallocated
net
earnings
3/

$1,898,624
9,913,121
2,408,364
3,208,139

2,875,240
2,503,334
8,483,301
1,986,037

1,220

Interest
on F. R.
notes to
March 31

$715,310
2,070,296
592,302
901,204

2,801,644
2,339,777
7,939,197
1,899,797

85,760

1956
1956
1955
1956
1955

U. S. Govt,
securities

1/

Januaryr - May 1956

"1955"

88,346,724 82,193,636
52,806,946 46,195,900

l/ Includes earnings on U. S. Government securities not in System Open Market Account: New York,
May 1956, $141,256; April 1956, $32,142; May 1955, $70,776; January-May 1956, $556,062;
January-May 1955, $204,665.
,
„ x
F E D E R A L RFQCDt/t2/ Includes earnings on acceptances; New York, May 1956, $30,202; April 195°, $27,902; May 1955,
nCotKVE
$17,175; January-May 1956, $163,116; January-May 1955, $33,781.
°f KANSAS
CITY
JJ Includes amounts for current quarter applicable to interest on Federal Reserve notes.
,,
ulJJV 2 5 10r;r-

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