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LIBRARY L ^ fEDERAL RESERVE ^ ' GOVERNORS OF THE FEDERAL RESERVE SYSTEM C 6 H F I D E H T I A L jun June 21, 1950 EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, MAY 1950 L.4.1 of Month Federal Reserve Bank 8f K w s w N*" May Earning© from — Discounts and advances Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis $16,213 41,887 7,352 16,647 7,611 5,048 11,028 7,460 Minneapolis Kansas City Dallas San Francisco 6,967 7,305 4,951 7,566 TOTAL May 1950 April 1950 May 1949 Jan. -May 1950 Jan. -May 1949 140,035 177,310 390,291 862,052 1,848,079 Industrial loans and commitments mm mm mmtm $9,242 319 487 171 - - 798 — — 96 U. S. Govt, securities Other sources Total current earnings $1,553,845 1/5,254,810 1,498,873 2,089,285 $246 11,103 415 17,503 $1,570,304 5,307,800 1,456,161 1,207,284 3,418,010 1,243,279 996 1,530 6,275 1,072 1,465,255 697,337 1,011,625 1,023,162 2,052,298 180 19,584 854 316 705,282 1,515,882 2,123,754 1,213,862 3,435,484 1,251,811 1,038,514 1,028,967 2,060,276 January - May 1950 1950 Current expenses Current net earnings Current net earnings Profit and Accrued loss dividends account (credit) Interest on F. R. notes to March 31 Unallocated net earnings 1/ $5,539,912 $1,877,756 $301,942 6,585,258 1,823,341 19,660,275 1,952,459 382,701 5,630,940 2,584,028 497,653 7,845,933 $4,025,966 13,777,052 4,029,098 5,566,772 $3,089,760 10,645,140 3,171,600 4,365,536 1,752,209 1,441,458 3,806,013 1,461,598 235,015 214,143 683,537 177,910 3,747,814 3,161,311 8,823,720 2,921,850 2,416,03$ 6,892,916 2,487,322 824,243 121,148 190,603 219,991 514,923 1,804,599 2,750,983 2,642,871 5,393,051- $496,617 1,472,453 391,899 596,091 $1,073,687 3,835,347 1,123,983 1,527,663 441,823 381,147 976,925 389,423 1,023,432 832,715 2,458,559 862,388 5,152,470 4,350,034 12,594,160 4,365,940 214,433 372,256 276,599 567,748 490,849 666,258 752,368 1,492,528 2,496,939 3,673,947 3,743,405 7,534,320 1,328,222 1,225,285 2,552,185 6,577,414 16,139,777 60,074 22,717,191 1/22,505,969 11,113 6,467,263 16,005,648 22,472,911 ~ 22,227,846 57,049 10,706 6,576,679 20,848,840 27,425,519 63,292 26,968,170 3,766 82,588,275 27,390,714 5,362,907 82,588,275 32,091,248 2/113,474,024 293,159 114,679,523 50,288 112,921,037 20,943,954 5,088,951 112,921,037 32,378,124 143,104,922 325,571 145,299,161 20,589 1/ Includes $ 1,127 earnings on U. S. Government securities not in System Open Market Account. 2/ Includes $41,135 earnings on U. S. Government securities not in System Open Market Account. 3 V Includes amounts for current quarter applicable to preceding item. I4/ Includes $15,000,000 earmarked for contingent reserves. 3,162,306 1,395,435 2,060,583 2,105,828 4.178,531 45,730,539 58,885,543 60,156,349 4/68,619,691
@FedFRASER