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L.U.I NOT FOR PUBLICATION Federal Reserve Bank jUN & EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, May I960 " l96 ° -RtSBSCti Month of May 1260 dam larv-wav xvoc Current earnings Discounts and advances U. S. Govt, Other securities sources 2/ y Total Current expenses Current net earnings Current net earnings Profit and loss account Interest Accrued en F, R. dividends notes since January 1 Unallocated net earnings 2/ Boston New York Philadelphia Cleveland 885,596 72,669 61,702 100,816 $5,115,1*1*1* 2k,159,288 5,450,128 8,178,333 $832 101,776 716 3,215 $5,201,872 21*,333,733 5,512,51*6 8,282,391* $81*1*, 61*5 2,1*51,173 775,150 1,11*3,151* Richmond Atlanta Chicago St. Louis 112,297 190,560 368,761 65,095 6,02k,972 5,219,295 16,292,318 3,817,215 2,1*99 3,051 3,985 875 6,139,768 5,1*12,906 16,665,067 3,913,215 931,123 , 5,208,61*5 911,320 It,501,586 1,796,085 11*, 868,982 693,886 3,219,329 25,319,839 21,507,352 73,105,961 15,663,233 1,219,51*8 922,652 1,592,789 1*98,1*61 1*1*0,177 20,080,278 6,018,932 516,1*91 16, 01*1*, 1*07 5,869,106 1,361*, 703 55,915,671* 17,1*18,373 330,372 11,895,855 3,935,1*67 Minneapolis Kansas City Dallas San Francisco 218,920 239,022 133,065 85,796 2,208,855 U,085,597 3,836,107 11,187,316 1,179 3,858 1,976 2,005 2,1*29,251* it,328,1*77 . 3,971,11*8 11,275,11*7 1*1*1*,97U 708,1*1*6 625,1*87 1,385,801* 9,130,723 17,779,316 16,013,950 1*6,886,633 312,087 51*3,1*15 51*1,192 1,1*1*7,669 226,553 1*08,779 568,832 1,203,961 TOTAL: May I960 1,731,302 95,601,928 April I960 2,079,756 92,033,110 May 1959 1,963,656 62,1*32,599 Jan.-4*ay i960 11,667,775 160,323,398 Jan.-May 1959 7,31*5,1*17 291,576,722 126,297 130,665 99,762 827,961 509,10*8 97,1*65,527 91*,21*3,831 61*, 1*96,017 1*72,819,131* 299,1*31,587 12,711,21*7 12,526,878 11,597,031 62,772,259 58,288,682 $1,357,227 21,882,560 U, 737,396 7,139,21*0 1,981*, 280 3,620,031 3,31*5,661 9,889,31*3 $21,01*9,9U3 $1,11*9,871 105,699,125 2,033,832 23,170,31*1* 859,21*6 31*,720,1*56 899,665 $1*85,201 $16,751,167 $1*,963,1*1*6 2,810,1*20 77,263,91*2 27,658,595 576,01*9 18,011,787 5,1*38,751* 913,701* 26,971*,831 7,731,586 6,1*92,830 2,723,1*27 12,71*9,737 5,161*,215 11,1*73,816 1*,512,1*91* 35,395,231 11,735,110 81*, 751*, 280 81,716,953 52,898,986 1*10,01*6,875 1*10,01*6,875 12,020,1*27 9,81*5,21*2 309,052,5551 103,169,505 21*1,11*2,905 21*1,11*2,905 -175,281* 9,329,901 162,551,531 69,086,189 V Includes earnings on U. S. Government securities not in System Open Market Account: New York, May i960, $1*16,165* April I960, $376,691*; May 1959, $103,975? January - May i960, $1,139,675; January - May 1959, $688,850. i/ Includes earnings on acceptances: New York, May i960, $100,221*; April i960, $110,553; May 1959, $75,283: January - May i960, $670,199; January - May 1959, $1*11,61*5. 3/ Includes amounts for current month applicable to interest on Federal Reserve notes. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DIVISION OF BANK OPERATIONS June 22, i960