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CONFIDENT I AL BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS, JULY, 1947 • : : — L.4.I • of Month 'ederal Reserve Bank July Earnings from — Industrial TJ. S. Gov't s e c u r i t i e s Discounts loans . Other Other and commit- System and sources Account advances ments Boston New York Philadelphia Cleveland $9,063 22,243 7,M6 13,772 $28 6,034 569 187 9 13 86 Current Total 1 1947 expenses Current net earnings Current net earnings Profit and loss account 31,827,536 3576,221 7,111*802 2,011,059 2,225,841 720,743 2,581,299 942,142 3355,686 1,261,172 346,681 484,725 3406,040 1,1445,064 506,248 703,967 32,662,152 10,938,551 3,278,852 3,972,283 700,582 16,537 4,453 266,531 27,548 1,743 1,882 11,097 5,929 726,199 604,186 1,471,826 595,598 345,767 288,104 782,850 317,370 380,432 316,082 688,976 278,228 2,542,500 2,147,714 6,197,292 1,910,627 111,798 272,544 -36,687 319,255 549,752 487,334 955,920 11,374 13,382 1,211 14,634 812 4,569 333,422 587,020 496,925 1,058,925 167,195 280,081 269,348 485,^29 166,227 306,939 227,577 573,496 1,148,680 1,921,120 1,522,973 4,387,551 59,867 103,619 92,131 212,061 1,582 9*224 2,722 5,508 151 100,374 136,313 198,790 7,105 7,151 4,567 9,765,1)28 1,168,771 8,916,177 1,612,255 10,781,641 1,675,873 62,006 11,383,684 62,084 1 0 , 7 3 3 , 9 8 0 72,139 12,733,010 5,384,408 4,982,738 4,958,941 5,999,276 5,751,242 7,774,069 J a n . - J u l y 1947 1,256,869 J a n . - J u l y 19^46 1,290,077 1^2,264 31,018 65,978,164 32,04,330 74,1445,992 m460,999 413,205 79,724,832 399,759 i 87,627,845 37,094,537 31,876,998 630,295 55,750,847 6,057 92,777 1947 3132,204 3390,599 529,572 2,345,262 163,489 495,757 652,478 *03,636 4761,726 2,706,236 852,929 1,188,692 Minneapolis Kansas CityDallas San Francisco July I n t e r e s t Unallocated on F.R# net earnings notes t o 6-30-47 3548 9,571 643 9,367 594,488 1,185,071 553,209 - Accrued dividends #20,223 928,570 40,282 21,037 7,150 3,354 9,114 28 January 3731,864 1,745,852 798,154 1,143,947 Richmond Atlanta Chicago S t . Lovtid- 8,826 September 2 , 194-7 129,605 280,912 1,829,357 561,836 479,720 254,929 1,524,863 797,328 4,523,651 1,148,857 219,987 1,245,700 408,253 ; 146,581 819,327 221,774 1,356,625 246,595 1,042,693 622,583 3 , 1 1 7 , 6 4 8 242,639 4M,34o 325,826 859,381 TOTAL JW June July 1947 1947 1946 42,630,295 55,750,847 1,973,839 6,674,773 29,206,342 8,723,019 -198,740 6,342,138 — +£209,969