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Mr. Woolley NOT FOR PUBLICATION BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1.4.1 EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS. AUGUST, 1954 Reserve Bank Boston New York Philadelphia Cleveland Discounts and advances $14,254 86,653 15,829 26,776 19,286 Industrial loans and commitments U. S. Govt, securities $2,500 $1,976,789 9,220,672 2,180,278 3,070,510 610 Richmond Atlanta Chicago S t . Louis 11,248 40,335 6,634 98 12 Minneapolis Kansas City Dallas 7,935 14,870 7,629 430 751 267,505 127,450 1,134,644 1953 1954 1,991>92 1953 12,283,441 4,401 4,133 11,890 43,434 98,086 San 'Francisco TOTAL Aug. July Aug. Jan.-Aug. Jan.-Aug. 1954 195k August "©F Current earnings Month Federal 16,056 i/ Other sources Total January - August 1954 Current expenses Current net earnings Current net earnings 1,183 445 851 $1,991,699 9,308,508 2,199,052 3,098,747 $630,478 1,852,861 548,861 837,527 $1,361,221 2,110,059 1,824,637 6,262,971 1,499,125 726 694 791 116 2,130,071 1,836,677 6,304,109 1,505,875 636,604 610,738 1,333,821 491,961 1,493,467 1,225,939 4,970,288 1,013,914 12,637,550 879,770 1,545,662 1,407,73^ 3,917,107 1,600 306 342 888,477 1,562,883 1,415,669 3,933,308 289,622 399,601 885,732 598,855 1,099,798 1,016,068 5,147,469 9,477,011 35,895,314 35,998,631 43,501,381 299,594,138 325,989,940 7,855 6,431 7,873 75,083 118,254 36,175,075 8,980,891 27,194,184 27,010,940 35,576,851 228,453,981 263,358,940 $656 145 36,136,645 44,655,788 301,704,147 338,489,721 September 22, 1954 463,085 9,125,705 9,078,937 73,250,166 75,130,781 7,455,647 1,650,191 2,261,220 3,047,576 $11,323,721 62,464,263 13,636,188 18,943,777 10,628,700 41,493,065 8,483,753 8,602,726 25,615,758 Profit and Accrued loss dividends account (credit) Interest on F. R. notes to June 30 Unallocated net earnings 2/ $26,576 92,342 $585,747 $7,387,989 $3,376,561 3,326,298 40,722,613 18,507,694 26,869 736,232 8,860,015 4,066,810 47,954 1,039,762 12,314,653 5,637,316 481,079 8,380,159 3,804,031 27,719 466,916 7,047,133 3,138,110 23,459 74,598 1,427,590 27,522,388 12,617,685 23,380 374,318 5,596,820 2,535,995 241,946 3,413,410 16,382 414,666 6,213,413 -35,592 542,107 19,558 5,577,883 39,128 1,197,947 16,812,395 1,508,495 2,813,340 2,502,294 7,644,544 228,453,981 382,373 10,834,608 149,848,871 68,152,875 263,358,940 -2,392,242 10,304,448 l6l,803,0l4 88,859,236 1 / Includes earnings on U. S. Government s e c u r i t i e s not in System Open Market Account: New York, and August 1954, $69,650; July 1954, $12,717; August 1953, $40,333; January-August 1954, $446,836; January-August 1953, $835,638. 2/ Includes amounts f o r current quarter applicable t o preceding item.