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bOT FOR PUBLICATION

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

L.4.1

November 23, 1954

EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, OCTOBER, 1954

Month

Federal
Reserve
Bank

Discounts
and
advances

Boston
New York
Philadelphia
Cleveland

$16,992
74,003
25,223
30,087

of
Current e a r n i n g s

Industrial
loans
and commitments

$2,222
499

Richmond
Atlanta
Chicago
S t . Louis

15,712
16,146
66,402
9,513

Minneapolis
Kansas C i t y
Dallas
San F r a n c i s c o

9,640
19,638
10,604
24,175

356
252

318,135
214,002
621,471
2,523,628
13,676,847

3,434
3,592
8,945
50,460
117,745

TOTAL
Oct.
Sept.
Oct.
Jan.-Oct.
Jan.-Oct.

1954
1954
I953
1954
1953

93
12

WW

U, S . Govt,
securities
y

October

Other
sources

Total

January - October 1954

H E
Current
expenses

Current
net
earnings

Current
net
earnings

Profit
and
loss
account
(credit)

Accrued
dividends

$1,926,315
8,931,539
2,124,609

$207
1,176
506
675

$1,943,514
9,006,718
2,152,560
3,023,371

$660,082
1,821,271
542,164
751,340

$1,283,432
7,185,447
1,610,396
2,272,631

$13,805,758
76,373,137
16,727,858
23,270,435

$26,595
92,314
26,878
49,354

2,056,183
1,778,048
6,103,057
1,460,847

186
1,800

2,072,081
1,796,087
6,169,976

647,825
592,737
1,317,099

512,830

1,424,256
1,203,350
4,852,877
957,699

15,394,003
12,959,080
50,841,523
10,330,419

27,704
23,441
74,569
23,407

605,665
586,704
1,792,395
470,094

12,108,847
10,127,311
40,007,851
8,076,657

857,307
1,506,197
1,371,790
3,817,090

772
1,197

283,295
413,343
414,857
894,380

584,780
1,113,941
967,865
2,946,952

6,267,133
11,599,715
10,464,490
31,304,334

16,405
-35,576

67

868,075
1,527,284
1,382,722
3,841,332

303,312
520,450
682,322
1,506,453

4,883,546
8,984,363
8,013,860
24,340,132

34,925,092
33,232,650
44,262,895
367,751,879
412,840,843

7,588
6,055
8,219
88,727
134,489

35,254,249
33,456,299
44,901,530
370,414,694
426,769,924

8,851,223
8,975,421
9,224,468
91,076,809
93,510,320

26,403,026
24,480,878
35,677,062
279,337,885
333,259,604

2,992,110

505
169

328

1,470,529

19,626
39,169

$733,628 $10,700,202
4,164,942 58,982,180
923,544 12,882,958
1,307,192 17,885,931

279,337,885
383,886 13,596,701 216,993,838
333,259,604 -2,411,444 12,921,649 252,331,469

1 / I n c l u d e s e a r n i n g s on U. S . Government s e c u r i t i e s n o t i n System Open Market Account: New York, and October 1954,
$14,174; September 1954, $20,854; October 1953, $6,062; January-October 1954, $481,864; January-October 1953, $961,326.
2 / I n c l u d e s amounts f o r c u r r e n t q u a r t e r a p p l i c a b l e t o p r e c e d i n g i t e m .




Interest
on F . R,
notes t o
S e p t . 30

Unallocated
net
earnings

2/

$2,398,523
13,318,329
2,948,234
4,126,666
2,707,195
2,268,506
9,115,846
1,807,075

1,096,680

2,059,326
1,787,934
5,496,918

49,131,232
65,595,042