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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