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EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, OCTOBER. 1953

L.4,1

Month

of

Federal

October

Bank

Discounts
and
advances

Boston
New York
Philadelphia
Cleveland

$7,789
43,328
23,488
40,743

November

January - Octobei

1953

Current earnings

Reserve

%

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

CONFIDENTIAL

Current
expenses

Current
net
earnings

Current
net
earnings

Profit
and
loss
account

Industrial
U. S. Govt,
loans
and commit- s e c u r i t i e s
ments
V

Other
sources

$2,436,958
11,399,011
2,666,651
3,756,918

$453
946
1,539
724

$2,445,200
11,443,285
2,698,363
3,798,897

$656,073
1,910,209
604,095
801,980

$1,789,127
9,533,076
2,094,268
2,996,917

$21,287,696
77,556,311
20,559,988
31,911,255

-$69,868
-659,064

$6,685
512

Total

•-interest
Accrued
•yfn F . R.
dividends
to
September

30

30,951
52,674
142,050
25,086

259
701
21

2,624,430
2,263,693
7,648,998
1,861,929

484
417
427
80

2,656,124
2,317,485
7,791,496
1,887,095

689,588
581,626
1,343,101
552,064

1,966,536
1,735,859
6,448,395
1,335,031

22,008,582
19,770,268
52,155,146
16,457,059

-167,752
- 96,393
-299,585
-143,578

Minneapolis
Kansas City
Dallas

32,067
64,646
56,931
101,718

41?
350

1,092,303
1,928,845
1,758,014
4,825,145

835
1,376
176
762

1,125,622
1,995,217
1,815,121
4,927,625

291,495
455,209
412,556
926,472

834,127
1,540,008
1,402,565
4,001,153

9,794,859
13,174,919
15,244,490
33,339,031

290,058
- 76,174
-221,371
491,592
-100,134
643,227
-271,439 1,415,272

621,471
1953
771,936
1953
1,574,884
1952
1953 13,676,847
1252. 9,312,504

8,945
10,714
16,688
117,745
188,439

44,262,895
42,588,008
39,041,736
412,840,843
363,559,136

8,219
8,015
8,746
134,489
101,247

44,901,530
43,378,673
40,642,054
426,769,924
373,161,326

9,224,468
9,155,071
9,071,753
93,510,320
85,947,897

35,677,062
34,223,602
31,570,301
333,259,604
287,213,429

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




2/

$696,736 $16,747,085 $3,774,007
4,061,225 56,551,497 16,284,525
880,066 15,563,244 3,956,478
-160,200
-145,886 1,231,951 24,624,623 5,908,795

Richmond
Atlanta
Chicago
S t . Louis

San Francisco

^allocated
net
earnings

561,704
544,817
1,658,687
446,314

17,276,152 4,002,974
15,560,358 3,568,700
39,116,378 11,080,496
12,993,346 2,873,821
7,673,796
9,748,662
11,724,551
24,751,777

333,259,604 -2,411,444 12,921,649 252,331,469
287,213,429 2,047,044 12,189,702 216,033,703

l / Includes earnings on U. S. Government s e c u r i t i e s not i n System Open Market Account: New York $6,062;
September 1953, $119,626; October 1952, $15,220; January-October 1953, $961,326; January-October
1952, $605,977.
2 / Includes amounts f o r c u r r e n t quarter a p p l i c a b l e t o preceding item.

1,754,831
2,713,294
2,776,578
6,900,543