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..BRAKY OffXBOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
D;:qFRV£ BAH
FEDERAL K
EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS. APRIL, lfjg* 8 8 8 8 ^

CONFIDENTIAL
————————-L.4.1

Federal
Reserve
Bank

Discounts
and
advances

Boston
New York
Philadelphia
Cleveland
i

April

of
Month
Current earnings

$7,877
123,104
11,738
30,179

Industrial
loans
and commitments
$13,879
518

U. S. Govt,
securities
JV
$2,387,699
7,581,939
2,162,745
3,511,407

Other
sources
$408

1,092
304
1,147

1952
Current
net
earnings

$1,794,596
5,849,702
1,652,977

3,543,251

$601,388
1,856,433
535,689
836,170

2,707,081

$7,316,972
23,824,654
6,784,434
11,253,575

Total
$2,395,984
7,706,135

2,188,666

May 22, 1952

January - April 1952
Current
net
earnings

Current
expenses

M/W26

Profit
Interest
and
on F. R.
loss
Accrued
notes t o
account dividends
March 31
(credit)
$137,896 $261,940 $4,896,708
367,820 1,525,782 15,424,376
4,470,823
105,455
338,167
149,928
458,811
7,480,065

Unallocated
net
earnings
,
2/

$2,296,220
7,242,316
2,080,899
3,464,627

Richmond
Atlanta
Chicago
S t . Louis

19,788
17,781
77,407
25,232

401
3,433
1,233

2,353,747
2,070,645
5,440,501
1,933,813

l4o

661
580

693

2,374,076
2,092,520
5,519,721
1,959,738

609,632
483,469
1,313,557
486,847

1,764,444
1,609,051
4,206,164
1,472,891

7,294,247
6,560,517
17,577,101
6,023,645

103,236
85,865
241,103
93,470

210,418
199,020
619,915
168,892

4,899,483
4,369,197
11,805,942
4,031,173

2,287,582
2,078,165
5,392,347
1,917,050

Minneapolis
Kansas CityDallas
San Francisco

16,265

518
232
35
180

1,120,045
1,693,857
1,664,412
3,299,627

194
759
1,300
303

1,137,022
1,746,936
1,673,238
3,412,344

262,476
431,605
396,345
836,861

874,546
1,315,331
1,276,893
2,575,483

3,536,857
5,406,395
5,312,531
10,626,089

49,187
75,114
72,810
148,597

108,700
182,015
229,735
514,958

2,358,093
3,605,982
3,524,474
7,005,012

1,119,251
1,693,512
1,631,132
3,254,716

20,429
20,885
17,381
78,126
63,670

35,220,437
36,825,188
31,085,876
143,747,886
114,481,743

7,581
9,231
15,284
39,234
51,469

35,749,631
37,345,140
31,363,221
145,634,505
115,954,488

8,650,472
8,393,495
8,016,869
34,117,488
30,651,445

27,099,159
28,951,645
23,346,352
111,517,017
85,303,043

111,517,017 1,630,481 4,818,353
85,303,043 -1,644,499 4,552,397

73,871,328
51,092,993

34,457,817
28,013,154

TOTAL
April
1952
March
1952
April
1951
Jan.-Apr.1952
Jan.-Apr.1951

52,088

7,491
112,234
501,184
489,836
244,680
1,769,259

1,357,606




"T7
2/

Includes earnings on U. S. Government s e c u r i t i e s not i n System Open Market Account: March 1952, $12,386;
A p r i l 1951, $12,300; January-April 1952, $37,480; January-April 1951, $95,312.
Includes amounts f o r c u r r e n t quarter a p p l i c a b l e t o preceding item.