 |
1995 Annual Report: Earnings and Expenses
|
|
|
(Thousands |
of Dollars |
- Dec. 31)
|
|
|
|
|
|
|
Current Earnings
|
|
1995
|
|
1994
|
| -Discounts and advances |
|
947 |
|
611 |
| -United States Government securities |
|
1,979,188 |
|
1,919,419 |
| -Foreign currencies |
|
109,345 |
|
130,257 |
| -Income from services |
|
75,887 |
|
78,131 |
-All other
|
|
2,897 |
|
936
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current earnings
|
|
2,168,264 |
|
2,129,354
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Expenses:
|
|
|
|
|
| -Total current expenses |
|
203,454 |
|
196,427 |
| -Less: reimbursement for certain fiscal agency and other expenses |
|
17,577
|
|
16,058
|
| -Net Expenses |
|
185,877 |
|
180,369 |
| -Cost of earnings credits |
|
21,070 |
|
19,536
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current net earnings
|
|
1,961,317 |
|
1,929,449
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit and Loss
|
|
|
|
|
|
Additions to current net earnings
|
|
|
|
|
| - Profit on prior period adjustments |
|
-- |
|
-- |
| -Profit on sales on U.S. Government securities (net) |
|
239 |
|
--
|
| -Profit on foreign exchange transactions (net) |
|
508,919 |
|
392,452 |
| -All other |
|
2,412 |
|
2 |
| Total additions |
|
511,570 |
|
352,494
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deductions from current net earnings
|
|
|
|
|
| -Loss on sales of U.S. Government securities (net) |
|
-- |
|
-- |
|
| -Loss on foreign exchange transactions (net) |
|
508,919 |
|
392,452 |
|
| -All other |
|
9,063 |
|
13 |
| Total deductions |
|
378,269 |
|
2,190
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net additions (+) or deductions (-)
|
|
133,301 |
|
350,304
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Unreimbursed Treasury Services
|
|
(5,778) |
|
(4,755)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assessments by Board of Governors:
|
|
|
|
|
| -Board expenditures |
|
(22,440) |
|
(21,315) |
-Federal Reserve currency costs
|
|
(30,105) |
|
(28,180) |
| Net earnings before payments to the U.S. Treasury |
|
2,036,294 |
|
2,225,503 |
Dividends paid
|
|
31,794 |
|
30,255 |
Payments to the U.S. Treasury
(interest on Federal Reserve Notes) |
|
1,975,063 |
|
2,177,906
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transferred to surplus
|
|
29,438 |
|
17,342 |
| Surplus, January 1 |
|
512,217 |
|
494,875 |
| Surplus, December 31 |
|
541,655 |
|
512,217 |
|
|
