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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
September 27, 1950

EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS. AUGUST 1950

C O N F I D E N T I A L
L. 4.1

Earnings from —
Federal
Reserve
Bank

Discounts
and
advances

$8,892

Boston
New York
Philadelphia
Cleveland

108,848
4,317
24,023

U. S. Govt,
securities

1/

8,180
332

Total
current
earnings

5,185,816

11,678

1,467,125
2,045,031

715
17,687

$1,530,679
5,306,467
1,480,337
2,087,073

$1,520,934
$125

Other
sources
$853

1252.

JktigUEfc.
Current
expenses

Current
net
earnings

$519,827
1,474,961
412,982
616,601

$1,010,852
3,831,506
1,067,355
1,470,472

494,106
344,711

11,785
8,559
12,961
17,914

Minneapolis
Kansas City
Dallas
San Francisco
1950
1950
1949
1950
1949

483
23
195

1,425,318
1,181,713
3,345,613
1,216,945

407
1,559
4,787
1,703

1,437,993
1,191,854
3,363,556
1,236,562

1,003,700
419,184

943,887
847,143
2,359,856
817,378

7,466

Richmond
Atlanta
Chicago
St. Louis

TOTAL
August
July
August
Jan.-Aug.
Jan.-Aug.

Industrial
loans
and commitments

.iL
fJ

863

682,567

459
20,486

691,355
1,056,385
1,003,891
2,019.483

230,659
353,088
336,568
628,248

460,696
703,297
667,323
1.391.235

12,170
1,547
9.993

228,475
170,797
233,644
1,375,985
2,570,835




113
10,314

11,663

3,032
83,393
29,519

1,023,729
1,001,492

2,008,828

852
S&2.

Current
net
earnings

1Qt
iTinwrY •
»9
Interest
Profit
on F. R.
Accrued
and
dividends notes to
loss
June 30
account
(credit)

Unallocated
net
earnings
2/

31,091,227
8,879,423
12.276.555

9,653,120 2,920,048 25,395,411
7,512,130
2,857,639
615,024
3,790,783
801,497 10,315,497

$3,570,119
12,428,888
3,609,908
4,950,344

8,081,575
6,900,476
19.761.556

2,578,794
378,654
2,117,006
344,960
5,600,914 1,103,750
2,149,382
285,893

6,986,842
5,823,361
16,348,388
5,896,978

3,294,873
2,849,161
7,910,332
2,848,167

3,953,763

194,843
307,675
358,887
854,327

3,351,389
5,040,270
4,951,026
9,984,542

1,619,844
2,416,173
2,351,247
4,690,849

$8,708,567 $2,751,152 $484,204 $7,405,396

6,881,656

5,823,861

5,861,197
11,790,470

1,212,313
1,940,257
1,799,963
3,739,248

15,571,000
22,405,635
6,834,635
22,105,111
61,735
16,370,138
6,501,457
22,871,595
22,629,997
59,138
6,388,024
18,494,239
24,882,263
24,584,171
6l,4l6
52,539,905
51,997,611 130,010,326 130,010,326 40,190,571 8,649,762 109,011,230
180,068,957
479,602 182,007,937
169,709,719, , , 26,117,487 8.175.998 107,995,162 3/79,656,046
526,729 221,412,447 . 51,702,728 169,709.719
. 218,285,364
*
^
/
—.-a-.
, '
,,
r
r
r
r
n •< r. m „ 1 n
'
•'
1/ Includes earnings on U. S. Government securities not in System Open Market Account: New York, $43,410; Augas.t 1950,
$43,410; August 1949, $5,376; Jan.-Aug. 1950, $84,545; Jan.-Aug. 1949, $14,606.
2/ Includes aiuuuuus for current quarter applicable to preceding item.
2/ Includes $30,000,000 earmarked for contingent reserves.
11

1 1

1 1 1


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102