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NOT FOR PUBLICATION BOAED OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM L.4.1 EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS. SEPTEMBER, 1954 of Month Federal September Reserve Bank Discounts and advances Boston New York Philadelphia Cleveland Industrial loans and commitments $1,832,560 49,411 16,530 22,458 8,504,209 2,021,203 2,846,484 $2,280 4o4 $289 766 316 593 Total $1,198,605 $12,522,326 6,723,427 1,481,274 2,054,626 69,187,690 15,117,462 20,998,404 642,337 574,922 1,348,372 508,443 1,332,197 1,127,030 4,495,581 13,969,747 11,755,730 45,988,646 9,372,720 821,766 286,882 534,884 5,682,353 10,485,774 9,496,625 28,357,382 218 382 309 815,583 1,432,890 1,305,025 3,631,311 191 1,396 93 340 1,448,159 1,312,263 3,646,651 3,592 4,401 10,714 47,026 33,232,650 35,895,314 42,588,008 332,826,787 368,577,948 6,055 7,855 8,015 81,139 Minneapolis Kansas City Dallas San Francisco 13,564 7,145 5,610 15,000 108,800 126,270 Current net earnings $646,352 1,830,959 559,055 815,313 1,974,534 1.701.952 5.843.953 1,397,410 12 Current expenses Current net earnings $1,844,957 8,554,386 2,040,329 2,869,939 389 694 770 113 92 214,002 1954 1954 267,505 1953 771,936 1954 2,205,493 1953 13,055,376 Other sources 1,956,108 1,691,510 5,806,020 1,389,747 17,924 9,656 37,151 7,445 u $12,108 Richmond Atlanta Chicago St. Louis TOTAL Sept. Aug. Sept. Jan.-Sept. Jan.-Sept. U. S. Govt, securities January - September 195^ "195%" Current earnings 33,456,299 36,175,075 43,378,673 335,160,445 381,868,394 439,396 418,363 905,027 8,975,421 8,980,891 9,155,071 82,225,586 84,285,853 888,967 1,008,763 893,900 2,741,624 24,480,878 27,194,184 34,223,602 252,934,859 297,582,541 October 25, 1954 Profit and loss account (credit) Accrued dividends Interest on F. R. notes to June 30 $659,683 3,743,845 829,964 1,173,440 $7,387,989 40,722,613 8,860,015 12,314,653 $4,501,249 24,813,623 5,454,383 7,559,005 27,718 543,131 23,482 526,580 74,567 1,609,787 422,045 23,407 8,380,159 7,047,133 27,522,388 5,596,820 5,074,175 4,205,499 16,931,038 3,377,262 16,417 272,580 3,413,410 467,428 6,213,413 -35,542 611,859 5,577,883 19,579 39,184 1,351,786 16,812,395 2,012,780 3,769,391 3,326,462 10,232,385 $26,595 92,391 26,900 48,694 Unallocated net earnings 2/ 252,934,859 383,392 12,212,128 149,848,871 91,257,252 297,582,541 -2,416,120 11,611,394 161,803,014 121,752,013 1/ Includes earnings on U. S. Government securities not in System Open Market Account: New York, and September 1954, $20,854; August 1954, $69,650; September 1953, $119,626; January-September 1954, $467,690; January-September 1953, $955,264. 2/ Includes amounts for current quarter applicable to preceding item.
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