Earnings and expenses of each Federal Reserve Bank and of the system as a whole for the calendar year 1918—Continued. CURRENT EXPENSES. Expense of operation: Assessments account expenses, Federal Reserve Board. $32, 190 $100, 876 $33, 929 $43,073 Federal Advisory Council (fees and traveling expenses). 475 1,650 372 781 70 145 199 191 75,975 189, 901 64,288 81,307 264,942 | 1,082, 719 283, 624 297,579 Special officers and watchmen 9, 115 25,854 14,976 16,901 All other. 9, 049 Directors' fees.... 4,150 4,160 3,060 1, 220 60 1,060 938 1, 120 1,709 2,600 1, 570 2,000 33, 328 139, 008 5,050 37, 465 25, 035 2, 423 1,939 Telephone. 6,759 13,540 6,779 5, 489 Telegraph. 3,970 19,514 3,170 6,680 Postage.. 52,954 99, 440 40,283 54,346 25,070 47,204 26,951 5,646 10, 899 32,871 16,599 20, 125 5, 116 6,997 1, 801 2,551 Printing and stationery. 39,348 137,960 34, 366 46,566 Repairs and alterations. 2,687 42, 146 2,565 15, 430 All other expenses.. 89, 735 176, 198 45, 588 49, 135 Total expense of operation. 691, 112 2, 146, 805 593, 464 717,740 Cost of Federal Reserve currency, including expressage, insurance, etc. 167,828 335, 044 243, 857 182,092 Miscellaneous charges account note issues.. 7,558 27,921 3, 081 6, 569 Furniture and equipment.. 170,933 215,043 85,784 61,895 31,471 Total current expenses. 970,015 2,680, 703 1,086,916 992,185 Net earnings for year 1918.. - 3,505, 180 22, 634,033 3, 270, 824 4,234, 679 Per cent of average paid-in capital. 54.7 113.5 46.3 49.3 $19, 814 $15,369 $49,378 $18,397 $14, 117 $17,998 $15, 223 $22,277 $382, 641 150 455 996 582 1,034 270 1,894 3,043 11,702 354 2,103 3, 491 105, 819 72, 573 49, 125 68,045 68,544 94, 605 989, 280 5,609 4,314 1,595 128, 280 5,008 3,060 11,958 5,212 120 784 5, 464 1, 117 41,772 3,610 4, 307 67, 792 680 2,548 740 1,750 850 3, 675 995 1,480 15,728 1,218 1,941 2,317 1, 562 6,553 1,487 22, 796 3,015 007 5, 536 3,309 1,982 2, 426 7,757 14, 193 68,057 1, 122 3, 195 3,850 1,732 1, 225 2,215 2,919 25, 745 5, 206 18,722 53, 078 25, 739 11, 298 21, 263 659 18,306 369, 122 167 7,768 44,324 2,110 766 6,781 2,323 2,213 2,481 1,883 4,859 55,983 2,960 5,030 12,311 4,775 3, 193 4,455 9,668 11,716 87, 442 45,519 28, 998 63,774 34,813 36, 301 60, 974 24, 688 41, 813 584, 103 9,767 5, 140 10, 231 25, 192 13,039 466 28, 843 53,888 251, 137 156,170 2,523 2, 413 2,960 39,670 539, 537 14, 742 122,367 9,678 156, 173 172,365 102, 031 30, 477 46,710 41,758 45, 1691, 133, 524 18, 245 116, 417 643, 820 627, 173 1,650, 675 726,021 464, 408 689, 228 535, 424 1,070, 570 12, 137, 438 60.3 54.7 67.7 ,335, 228 1,665,585 6,831,072 1,950, 807 1,585,546 2,762, 708 1,554, 102 3,117,215 55, 446, 979 53.9 56.5 78.4 52.2 70.6 12.6 Earnings and expenses of each Federal Reserve Bank and of the system as a whole for the calendar year 1918--Continued. PROFIT AND LOSS ACCOUNT OF EACII FEDERIL RESERVE BANK AND OF THE SYSTEM AS A WHOLE FOR THE CALENDIR YEAR 1919. Atlanta. Chicago. St. Louis. Minne- Kansas Dallas. San Fran cisco. Total, $4,475,195 $25,314,736 $1,357,740 $5,226,864 $2,979,045 $2,293,059 88,491,747 $2,076,525 $2,049,954 $3,451,936 $2,059,526 $1,187,795 57,534,417 970, 015 2, 680, 703 1,086, 916 992, 185 613, $20 027, 173 1,630, 675 726,021 461, 408 699, 228 535, 124 1,070, 570 12, 137, 138 3,505, 180 22, 631.033 3,270,824 4,231, 679 2, 335, 228 1.665, 155 16,831,072 1,9.50, 507 1,353, 516 762, 708 1,554, 102 3,117,215 57, 116, 979 293, 407 205,736 76,685 1,158,715 3, 505, 190 22,634,033 3, 491,062 4,366,990 2,335, 228 1,665, 585 6,831,072 2,181, 145 1,385, 546 3,056, 115 1,759,839 3, 193, 900 56, 605, 694 100,000 61, 736 238,600 1,609, 137 40,500 172, 997 S48, 129 7,90 397,273 315 528 174,772 200), 100 971, 116 298,735 9S, 883 23, 198 13,112 25,901 172, 997 39,699 324.900 313, 927 218,051 2, 730, 669 plus, and franchise taxes Dec. 31, 1915.. 3,305,180 21,462,917 3, 192, 327 4,248, 107 2,312,030 1,652, 473 6,803, 091 2,608, 148 1,545, 847 2,731, 155 1,445,911 2,915, 819 53,875, 025 169, 103 309, 729 261, 503 497,675 5, 510,684 2,921,000 20,467, 891 2,60S, 344 3,5.52,000 2,079,598 1.470.000 6,200,446 '1,603,310 1,377,744 2, 121.426 1.184,408 2,448.174 49.334, 341 735,000 3, 100, 223 801, 655 688,872 1,210,713 592,204 1,224,097 21,605, 901 tax. 1,460,500 12,795, 215 1,304, 172 1,776,000 1,039, 799 735,000 3,100,223 801,655 688,872 1,210,713 592, 204 1,224,097 26,728. 440 Boston, New York. Philadel. phia. Clereland. Richmond. Earnings. 230,333 10,000 12, 797 116, 131 84, 406 13, 138 1 132,0.59 1,460, 500 7,672,676 1,304, 172 1,776,000 1,039,799 i Net credit. Earnings and expenses of each Federal Reserve Bank and of the system as a whole for the calendar year 1918—Continued. FISCAL AGENT DEPARTMENT DISBURSEMENTS OF EACH FEDERAL RESERVE BANK, AMOUNTS REIMBURSED AND BALANCES REIMBURSABLE AT THE END OF THE CALENDAR YEAR 1918. Rich- Philadel phia. New Cleve- Boston. Total disbursements during 1918. $1,143,633 $4,821, 309 $1,074,145 $1,47,592 $446, 770 1,286, 844 5,181,659 1,174, 179 1,586.840 489, 991 $9, 065 82,721 $25,581 189, 462 Balance reported Jan. 1, 1918. Additional cost during year 1918. Total.. Cost of Federal Reserve notes charged to current expenses during year. Balance Jan. 1, 1919.. | Exclusive of $658 representing cost of Federal Reserve notes in transit to branches. Earnings and current er penses, by months, for the calendar year 1918, of each Federal Reserve Bank and of the system as a whole. EARNINGS. $177,636 $3,486,814 521, 272 8,134, 224 Boston. New York, Philadel phia. January $229, 863 $1,338, 457 1,838, 393 1,949, 912 549,504 2,795, 526 $191, 710 $323, 991 $161, 076 364, 132 $88, 287 368, 696 $435,984 938, 386 979, 099 $157,599 $87,962 202,466 Total 4,357,740 5, 226, 864 8,481, 747 2,676, 828 3,451,936 CURRENT EXPENSES. Boston. New York, Philadel phia. Atlanta. Chicago. St Louis. Minne- Kansas Dallas. San Fran cisco, Total. January ,814 $33,030 $150,095 $30,962 58,706 $63, 628 $21, 523 $17,832 16,821 $51,281 $29, 236 $21,829 19,596 $41,816 $19,517 $37,436 $517, 203 657, 390 911, 771 951, 947 Total cur rent ex- 970,015 2,680, 703 1, 086,916 992,185 613, 520 627, 473 1,650,675 726,021 Exhibit I.-RECEIPTS AND DISBURSEMENTS OF THE FEDERAL RESERVE BOARD. There is here given a statement of receipts and expenditures of the Federal Reserve Board in 1918. The total expenses of the Board for the year are shown on the detailed statement of commitments to have been $127,696.89. RECEIPTS. Unexpended balance Jan. 1, 1918 $16, 504, 44 Assessments, 1918... 382, 081. 31 Transfer from “ Expenses, Trading With the Enemy Act,” Federal Trade Commission..... ... 10,000.00 Transfer from “Expenses, Trading with the Enemy Act," Treasury Department 2,500.00 Bulletin, subscriptions to. 2,049. 14 Reimbursements.... 24, 207.32 Miscellaneous... 2, 152. 26 26, 049. 25 Commitments, in excess of receipts $27,562. 86 Total in reimbursable account... 24, 708.03 2, S54. 83 22, 701. 87 6, 202. 21 28, 904. 08 28. 904. 08 |
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