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BOARD OF GOVERNORS OF THE FEDERAL RESERVE" SYSTEM" "
EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS. MAY, 1954

v

Month

Federal

May

of

Bank
Boston
New York
Philadelphia
Cleveland

Discounts
and
advances
$23,081
40,240
10,6c6

15,745

Industrial
loans
U. S. Govt,
and commit- securities
1/
ments
mm

--

$3,587
511

Richmond
Atlanta
Chicago
St. Louis

22,865

Minneapolis
Kansas City
Dallas
San Francisco

8,826
10,117
7,565
5,070

469

1954
224,809
1954
212,644
1953 1,638,472
1954 1,379,978
1953 9,700,140

5,437
4,486
13,409
30,081
64,938

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




14,746
26,009
39,939

4
104
15
- -

747
"

$2,113,420
9,794,603
2,330,974
3,282,737
2,255,903
1,950,751
6,695,854
1,602,741
940,579

1,652,495

1,505,033
4,187,848
38,312,938
37,124,478
41,059,842
192,234,402
198,027,230

January - May 1954

1954

Current earnings

Reserve

June 23, 1954

Current
expenses

Current
net
earnings

Current
net
earnings

$2,137,156
9,835,711
2,345,586
3,300,332

$648,717
1,820,520
576,441
807,351

$1,488,439
8,015,191
1,769,145
2,492,981

$7,321,945
40,430,640

1,424
253

2,270,903
1,977,145
6,737,232
1,625,859

633,564
596,785
1,375,445
532,308

1,637,339
1,380,360
5,361,787
1,093,551

8,186,694
6,952,156

315
695
209
1,423

950,189
1,664,054
1,512,807
4,194,341

298,962

8,131 38,551,315
9,893 37,351,501
15,300 42,727,023
45,123 193,689,584
68,241 207,860,549

9,053,091
9,362,848
9,500,214

Other
sources
$655

868
419
1,339
250
281

Total

455,588
416,744
890,666

45,838,318

46,998,933

651,227

8,760,181

12,218,556

26,760,012

5,512,928
3,367,594

1,208,466

6,152,189

3,303,675

16,596,227

1,096,063

29,498,224
27,988,653 1
33,226,809

147,851,266
160,861,616

5,592,144

Profit
and
Accrued
loss
dividends
account
(credit)

Interest
on F. R.
notes to
March 31

Unallocated
net
earnings
2/

$23,224 $364,691 $3,820,640 $3,159,838
80,771 2,074,993 21,282,321 17,154,097
23,728
457,523 4,548,879 3,777,507
41,544
645,183 6,318,344 5,296,573
24,428
20,710

67,317
18,143
11,685

-37,888
17,147
34,251

298,513

289,604
886,707
232,606

150,641
256,959
335,942
743,419

4,347,490 3,565,119
3,717,703 2,965,559
14,170,081 11,770,541
2,917,575 2,380,890
1,784,271
3,273,962
2,946,292
8,742,579

1,444,367 ,
2,583,380/
2,327,057
7,144,480

147,851,266
325,060 6,736,781 77,870,137 63,569,408
160,861,616 -2,772,456 6,404,678 79,652,100 72,032,382

l/ Includes earnings on U, S, Government securities not in System Open Market Account: New York, and May 1954, $11,083;
April 1954, $3,443; May 1953, $149,595; January-May 1954, $317,102; January-May 1953, $650,260.
2/ Includes amounts for current quarter applicable to preceding item.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102