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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NOT FOR PUBLICATION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.