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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
CONFIDENTIAL

EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, APRIL 1950

May 24, 1950

L.4.1
of

Month
Federal
Reserve
Bank

Boston
New York
Philadelphia
Cleveland

April

1950

Earnings from —
Discounts
and
advances
$11,755
57,311
6,977

Richmond
Atlanta
Chicago
S t . Louis
Minneapolis
Kansas C i t y
Dallas
San Francisco

21,874

11,152
2,946
32,882
6,344
8,954
8,593
2,533
5,989

TOTAL
April
1950
177,310
March
1950
213,123
April
1949
304,209
Jan.-Apr.1950
722,017
Jan.-Apr.1949 1,457,788




Industrial
loans
and commitments

$9,033
321
46o
— —

91
749
— —
—

52
10,706
10,837
4,271
39,175
16,823

U. S. Govt,
securities

Other
sources

January - April 1950

Total
current
earnings

Current
expenses

Current
net
earnings

Current
net
earnings

Profit
and
loss
account
(credit)

Accrued
dividends

$1,529,630
1/5,211,816
" 1,475,513
2,056,724

$292
11,721
443
17,098

$1,541,677
5,280,848
1,491,966
2,096,017

$491,053
1,457,049
402,393
554,662

$1,050,624
3,823,799
1,089,573
1,541,355

$4,466,225
15,824,928
4,506,956
6,318,270

1,433,467
1,188,469
3,364,741
1,223,903

1,157
3,517
1,502

856

1,445,935
1,192,572
3,401,231
1,231,749

452,522
354,363
948,443

993,413

1,434,580
1,179,945
3,113,978

187,628
170,858

849,886

4,129,038
3,517,318
10,135,602
3,503,553

1,195,869

545,541
142,151

686,470
1,029,582
1,007,217
2,020,314

167
18,941
611
744

696,340
1,057,116

219,845
343,904
275,381
585,785

476,495
713,212
734,980
1,441,314

2,006,090
3,007,689
2,991,037
6,041,792

674,376

96,741

6,467,263
6,420,590
6,419,271
25,513,834
25,801,445

; 16,005,648
17,196,078
21,800,793
66,448,498
92,072,197

66,448,498
92,072,197

V 22,227,846

23,334,037
27,848,117
1 / 90,968,055
~ 116,136,752

57,049

58,671

63,467
233,085
262,279

1,010,361

2,027,099

22,472,911

23,616,668

28,220,064
91,962,332
117,873,642

381,863

'

838,209
2,452,788

$1,539,553 $241,446
5,394,514 1,458,192
1,600,363
305,842
2,ll8,c68
397,945

1,090,769

1,002,932
2,091,152

152,209

175,064
411,162

22,436,099 4,284,779
18,084,015 4,066,897

l / Includes $40,009 earnings on U. S. Government s e c u r i t i e s not in System Open Market Account.
2/ Includes $15,000,000 earmarked f o r contingent r e s e r v e s .

Interest
on F. R.
notes to
March 31

Unallocated
net
earnings

$4,025,966
13,777,052
4,029,098
5,566,772

$1,738,366
5,984,198
1,772,379
2,471,621

3,747,814
3,161,311
8,823,720
3,162,306

1,628,176

1,804,599
2,750,983
2,642,871
5,393,051

779,126
1,195,266
1,176,034
2,328,731

1,365,094
3,880,319
1,394,965

25,714,275
58,885,543
60,156,349 2/45,932,966