My search for "federal reserve earnings"

[Christine]

1) http://www.time.com/time/magazine/artic ... 80,00.html

It took me a while to realize that this article is from 1924

2) http://www.federalreserve.gov/Pubs/FEDS ... 221pap.pdf

THE RISE IN LIFETIME EARNINGS INEQUALITY AMONG MEN

29 pages, Conclusions:
In this paper, we document a decrease in lifetime earnings for low-skill workers and a
significant increase in lifetime earnings inequality

One of the more interesting tables shows the DECLINE in hourly wages.

3) http://www.federalreserve.gov/pubs/FEDS ... 706pap.pdf

1/97: Earnings Forecasts and the Predictability of Stock Returns: Evidence from Trading the S&P

4) http://query.nytimes.com/gst/abstract.h ... 946195D6CF

Another fine article from 2/22/1920, bankers complaining about checks bouncing

5) http://query.nytimes.com/gst/abstract.h ... 946095D6CF

7/29/1921: RESERVE EARNINGS DROP TO NEW LOW; A $44,000,000 Reduction Sends Assets of Banks to 40% Below Last Year's Close. $22,900,000 MORE OF GOLD Federal Board Also Reports Deposit Increase and Further Note Issue Decline.

The rest of page 1 was articles about other corporations' earnings.

PAGE 2 of the google results:

http://fraser.stlouisfed.org/publicatio ... ad/184.pdf
Jackpot! But, unfortunately only from 1942 to 1970 and not very detailed.

http://links.jstor.org/sici?sici=0002-8282(192912)19%3A4%3C619%3ASEORB%3E2.0.CO%3B2-H
1929: Sharing Earnings of Reserve Banks

http://eh.net/encyclopedia/article/toma.reserve
A current article about the early years of the Fed.

http://www.geocities.com/CapitolHill/Se ... erty7.html
Myth #7: The Federal Reserve charges interest on the currency we use.
BY: Edward Flaherty, Ph.D. Department of Economics College of Charleston, S.C

This is relevant, but unfortunately doesn't talk about interest charged to member banks, only government securities.

http://nedjudy.com/frs/index.html
A very good explanation of the system, but nothing on income from the loans to the other banks.

Somewhere HAVE to be the detailed accounting of the Fed's income.