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LIBRARY D O T
FRA!
RF5SFRVF 8AM
RAMI
FEDERAL RESERVE
If Kansas City

C O N F I D E N T I A L
L.4.1

.n S

.xCV^

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, OCTOBER, 1952
October

of

Month
Federal
Reserve
Bank

V

1952

|

Current earnings
Discounts
and
advances
$14,564
223,634

Boston
New York
Philadelphia
Cleveland

6 2 , 0 5 8

97,737

Richmond
Atlanta
Chicago
St. Louis

80,581

356,098
97,033

Minneapolis
Kansas City
Dallas
San Francisco

50,709
174,997
93,269
257,585

TOTAL
Oct.
1952
1952
Sept.
Oct.
1 9 5 1
Jan.-Oc*.1952
Jan.-Oct.1951

1,574,884
1,082,899
190,335
9,312,504
3,654,857

6 6 , 6 1 9




Industrial
U. S. Govt,
loans
and commit- securities
1/
ments
wm

- -

$13,393
577
307
-24i

1 , 8 6 0

366

$2,763,150
9,026,878
2,453,504
3,895,718

$308
1,748
608
975

2,637,680
2,258,778
5,581,128
2,115,163

314
343

140

1,242,232
1,708,396
1,788,790
3,570,319

16,688
17,997
19,601
188,439
193,765

39,041,736
36,310,262
36,497,507
363,559,136
314,710,027

286
— —

Other
sources

836

4-36
778

l,6ll

535
254

Total
$2,778,022
9,252,260
2,529,563
3,995,007

,

2,718,882 ;
2,325,499
5,939,922
2,212,632
1,294,085
1,885,290
1,882,594
3,828,298

8,746
40,642,054
8,4ll
37,419,569
10,199
36,717,642
101,247 373,161,326
127,782 318,686,431

Current
expenses
$713,885
1,850,4391
573,7721
806,699
702,838
586,924
1,299,147
500,533
281,934
448,057
426,461
881,064

Current
net
earnings
$2,064,137
7,401,821
1,955,791
3,188,308

1
!
j

Current
net
earnings

$19,076,123
66,037,969
17,863,790
29,066,907

2,016,044 i 18,737,472
1,738,575 ! 16,364,649
4,640,775 1 42,624,273
1,712,099
15,395,907
1,012,151
1,437,233
1,456,133
2,947,234

31,570,301
9,071,753
8,541,362 28,878,207
8,456,177 28,261,465
85,947,897 287,213,429
78,640,823 240,045,608

8,958,193
13,186,629
13,207,267
26,694,250

November 24, 1952
January - October 1952
Profit
and
loss
account
(credit)

Accrued
dividends

Interest
on F. R.
notes to
Sept. 30

Unallocated
net
earnings
2/

$165,018 $657,511 $14,918,16I $3,665,469
457,800 3,841,456
50,049,717 12,604,596
131,453
851,273
13,735,088 3,408,882
22,504,403 5,601,274
205,693 1,166,923
130,096
533,606
109,011
503,667
291,124 1,573,123
426,482
114,708
75,552
93,530

8 7 , 8 6 1
1 8 5 , 1 9 8

272,830
460,844
587,362
1,314,625

14,722,540
12,843,316
33,127,554
12,063,066

3,611,422
3,126,677
8,214,720
3,021,067

6,994,684

1,766,231
2,550,425
5,227,644

1 0 , 2 6 8 , 8 9 0

7,480,122
17,326,162

8 , 2 3 8 , 6 6 1

287,213,429 2,047,044 12,189,702 216,033,703 61,037,068
240,045,608 -1,797,151 11,510,520 179,332,281 | 47,405,656

l/ Includes earnings on U. S, Government securities not in System Open Market Account: New York $15,220;
September 1952, $57,243; October 1951# $22,970; January - October 1952, $605,977; January - October 1951, $539,653.
2/ Includes amounts for current quarter applicable to preceding item.