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tt&ERAL RESERVE BANK Of KANSAS CITY MAY 3 1 m o L.U.I Federal Reserve Bank EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, APRIL I960 RESEARCH LIBRARY NOT FOR PUBLICATION April of Month Current earnings Discounts and advances U. S. Govt, securities Other sources 2/ Total January - April I960 Wo" Current expenses Current net earnings Current net earnings Profit and loss account Accrued dividends Interest on F. R. notes since January 1 Unallocated net earnings 3/ Boston New York Philadelphia Cleveland $84,203 149,561 99,409 77,930 $1,780 $4,927,079 23,245,574 113,316 494 5,247,196 1,884 7,876,883 $5,013,062 23,508,451 5,347,099 7,956,697 $816,791 2,455,007 745,549 1,067,890 $4,196,271 21,053,444 4,601,550 6,888,807 $16,692,716 $1,148,945 $387,559 83,816,565 2,029,193 2,241,966 460,777 18,432,948 858,249 27,581,216 898,100 730,375 $12,668,113 $4,785,989 58,025,606 25,578,186 13,538,542 5,291,878 20,481,125 7,267,816 Richmond Atlanta Chicago St. Louis 121,065 191,594 681,444 84,220 5,803,827 5,019,151 15,693,549 3,705,260 3,450 1,943 2,145 576 5,928,342 5,212,688 16,377,138 3,790,056 941,325 889,685 1,731,605 739,933 4,987,017 4,323,003 14,645,533 3,050,123 351,209 20,111,194 1,218,447 412,022 921,677 17,005,766 58,236,979 1,589,812 1,089,243 263,798 497,670 12,443,904 5,623,147 15,355,285 5,501,992 12,013,429 42,275,931 16,461,617 3,716,764 8,961,012 Minneapolis Kansas City Dallas San Francisco 230,727 221,784 68,872 68,947 2,125,591 3,934,558 3,692,590 10,762,152 1,020 2,030 994 1,033 2,357,338 4,158,372 .3,762,456 10,832,132 437,774 622,263 669,473 1,409,583 1,919,564 3,536,109 3,092,983 9,422,549 180,638 322,758 453,987 959,944 2,640,097 4,637,376 9,883,142 4,496,147 8,544,634 4,210,151 27,277,945 10,205,052 325,292,588 12,002,664 7,854,276 188,243,920 -190,305 7,440,909 233,662,140 95,778,836 119,484,298 61,128,408 TOTAL: 81,716,953 94,243,831 12,526,878 April I960 92,033,410 130,665 2,079,756 84,188,215 2,174,244 94,875,286 149,473 97,199,003 13,010,788 March I960 49,725,555 61,566,553 11,840,998 1,697,090 59,780,385 89,078 April 1959 325,292,588 Jan-Apr. i960 375,353,605 50,061,017 9,933,472 364,718,470 701,663 188,243,920 234,935,570 46,691,650 Jan-Apr. 1959 5,381,761 229,144,123 409,686 1/ Includes earnings on U. S. Government securities not in System Open Market Account: New April 1959, $297,613; January-April I960, $723,510; January-April 1959, $584,875. 2/ Includes earnings on acceptances: New York, April i960, $110,553? March i960, $127,134; January-April 1959, $336,362. 3/ Includes amounts for current month applicable to interest on Federal Reserve notes. 7,146,442 311,669 14,159,285 542,762 12,668,283 540,489 36,997,290 1,445,651 York, April I960, $376,694; March i960, $174,507; , *zApril 1959, $72,377; January-April i960, $569,975; BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM DIVISION OF BANK OPERATIONS May 24, i960