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1914-1915 Head Office: P . H . Kittles Auditor New Orleans Branch Marcus Walker G . C . Dunn Managing Director Cashier 1918 J. B. Pike M. W. Bell W. B. Boper W. B. Patterson Vard Albertson G. A. lagan J. M. Slattery Cashier Assistant Cashier Assistant Cashier Assistant Cashier Auditor Assistant Auditor Secretary, Board of Directors Birmingham Branch A. E . Walker W. C. Sterrett Managing Director Cashier Jacksonville Branch Geo. B. DeSaussure J. A. Ormond D. C. Stiles, Jr. Win. G. Wilson Managing Director Cashier - resigned Cashier (from 9-13-18) - resigned Cashier (from 11-8-18) Key Orleans Branch Marcus Walker Joseph Campbell Wm. H. Black Wm. H. Black IcouiB Buckner M. F . Harlan Sterling Armstrong Managing Director Assistant Manager - resigned Assistant Manager (after 11-8-18) Cashier (until 11-8-18) Cashier (after 11-8-18) Assistant Cashier (from 11-18-18) Cashier (to 5-7-18) 1919 L. C. Adelson M. W. Bell W. E. Patterson W. B. Eoper B, A. Sims J. fc, Campbell Creed Taylor Ward Albertson J. M. Slattery Deputy Governor Cashier Assistant Cashier Assistant Cashier Assistant Cashier Assistant Cashier Assistant Cashier General Auditor Secretary Birmingham Branch A. E. Walker W. C. Sterrett Managing Director Cashier Jacksonville Branch Geo. B. DeSaussure Wm. 6 . Wilson Managing Director Cashier Nashville Branch Bradley Currey Jos. B. McNamara Managing Director Cashier New Orleans Branch Marcus Walker Wm. H. Black Louis Buckner, Jr. M. F . Harlan M. F. Harlan Savannah Agency E. J. Taylor Bobert N. Groover Managing Director Assistant Manager Cashier (to 3-2l*-19) Assistant Cashier(to 6-5-19) Cashier (from 6-13-19) Manager Assistant Manager 1920 Ward Albertson L. C. Adelson J. M. Slattery M. W. Bell E. A. Sims W. E. Patterson W. B. Eoper J. L. Campbell H. F. Conniff ' Creed Taylor Assistant Federal Reserve Agent Deputy Governor Secretary Cashier Assistant Cashier Assistant Cashier Assistant Cashier Assistant Cashier Assistant Cashier General Auditor Oscar Well Birmingham,.'Alabama Member, Federal Advisory Council Birmingham Branch A. E. Walker W. C. Sterrett Managing Director Cashier Jacksonville Branch Geo. B. DeSaussure Wm. G. Wilson F. M. Sheffield Managing Director Cashier Cashier (Eeplaced Wilson 10-1-20) Nashville Branch Bradley Currey Jos. B. McNamara Jos. B. McNamara Joel B. Fort, Jr. Managing Director - resigned Managing Director (Eeplaced Currey) Cashier Cashier (from 7-9-20) New Orleans Branch Marcus Walker Wm. H. Black M. F. Harlan F. C. Yasterling James A. Walker Savannah Agency E. J. Taylor Robert N. Groover Managing Director Assistant Manager Cashier (to 12-9-20) Assistant Cashier (from 12-10-20) Assistant Cashier (starting 10-15-20) Cashier (from 12-10-20) Manager Assistant Manager 1921 E. T. Brown Ward Albertson Deputy Chairman Assistant Federal Reserve Agent L. C. Adelson J. L. Campbell M. W. Bell W. R. Patterson W. B. Roper R. A. Sims J. B. Tutwiler J. M. Slattery Creed Taylor Birmingham Branch A. E. Walker W. C. Sterrett Deputy Governor Deputy Governor Cashier Assistant Cashier Assistant Cashier Assistant Cashier Assistant Cashier Secretary General Auditor Managing Director Cashier Jacksonville Branch Geoirge E. DeSaussure F. M. Sheffield W. S. McLarin, Jr. Managing Director Cashier (resigned 9-1-21) Cashier (from 9-1 ) Nashville Branch Jos. B. McNamara Joel B. Fort, Jr. Managing Director Cashier New Orleans Branch Marcus Walker W. H. Black Jas. A. Walker F. C. Ya sterling M. F. Harlan Managing Director Assistant Manager Cashier Assistant Cashier Assistant Cashier Savannah Agency R. J. Taylor Robert N. Groover Manager Assistant Manager 1922 Birmingham Branch A. E. Walker W. C. Sterrett Managing Director Cashier Jacksonville Branch Geo. R. DeSaussure WV S. McLarin, Jr. Managing Director Cashier Nashville Branch J. B. McNamara Joel B. Fort, Jr. Managing Director Cashier New Orleans Branch Marcus Walker W. H. Black Jas. A. Walker F. C. Vasterling M. F. Harlan Managing Director Assistant Manager Cashier Assistant Cashier Assistant Cashier Savannah Agency Eobert N. Groover D. E. Avery Acting Manager Acting Assistant Manager Main Office H. F . Conniff Assistant Cashier 1923 Birmingham Branch A. E. Walker W. C. Sterrett Managing Director Cashier Jacksonville Branch Geo. R DeSaussure W. 8. Mclarin, Jr. Managing Director Cashier Nashville Branch Jos. B. McNamara Joel B. Fort, Jr. Managing Director Cashier New Orleans Branch Marcus Walker W. H. Black Jas. A. Walker F. C. Vasterling M. F. Harlan Percy J. Prosser Managing Director Assistant Manager Cashier Assistant Cashier Assistant Cashier (to 2-28-23) Assistant Cashier Savannah Agency Robert N. Groover D. E. Avery Acting Manager Acting Assistant Manager Havana Agency (Opened 8-1-23) L. C. Adelson Manager J. M. Slattery Assistant Manager 192b Birmingham Branch A. E. Walker W. C. Sterrett Homer J. Urquhart Managing Director Cashier Assistant Cashier Jacksonville Branch Geo. E. DeSaussure W. S. Mclarin, Jr. Managing Director Cashier Nashville.Branch Jos. B. McNamara Joel B. Fort, Jr. Joel B. Fort, Jr. Ellis C. Huggins, Jr. Managing Director (resigned 11-1-210 Managing Director (from 11-1-2^) Cashier (before 11-1-21*) Cashier (from 11-1-24) New Orleans Branch Marcus Walker W. H. Black Jas. A. Walker F. C. Va sterling Managing Director Assistant Manager Cashier Assistant Cashier Savannah Agency Eobert N. Groover D. E. Avery Manager Assistant Manager Havana Agency L. C. Adelson J. M. Slattery Manager Assistant Manager 1925 W. H. Kettig Deputy Chairman Birmingham Branch A. E. Walker Homer J. Urquhart T. N. Khovlton Massaging Director Cashier Assistant Cashier Jacksonville Branch Geo. R. DeSaussure W. S. McLarin, Jr. George J. White Managing Director Cashier Assistant Cashier (effective U-l-25) Hashville Branch Joel B. Fort, Jr. Ellis C. Huggins, Jr. Leo W. Starr Managing Director Cashier Assistant Cashier (effective 1-15-25) New Orleans Branch Marcus Walker W. H. Black J. A. Walker F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier Savannah Agency Robert N. Groover E. Avery Manager Assistant Manager Havana Agency L. C. Adelson L. L. Magruder H. C. Frazer Manager (resigned 3 - 3 1 - 2 5 ) Manager (from lf-1-25) Assistant Manager 1926 W. H. Kettig Deputy Chairman Birmingham Branch A. E. Walker H. J. Urquhart T. H. Khovlton Managing Director Cashier Assistant Cashier Jacksonville Branch Geo. B. DeSaussure W. S. Mclarin, Jr. George J. White Managing Director Cashier Assistant Cashier Nashville Branch Hole B. Fort, Jr. Ellis C . Huggins, Jr. Leo Starr Managing Director Cashier Assistant Cashier Nev Orleans Branch Marcus Walker W. H. Black Jas. A. Walker F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier Savannah Agency Bobert N. Groover Frank H. Seiler J. A. Goethe Manager Acting Manager (replaced Groover) Assistant Manager Havana Agency L. L. Magruder H. C. Frazer Manager Assistant Manager 1927 W. H. Eettig Deputy Chairman Birmingham Branch A. E. Walker H. J. Urquhart T. N. Khowlton Managing Director Cashier Assistant Cashier Jacksonville Branch Geo. R. DeSaussure W. S. McLarin, Jr. Geo. J. White Miss Mary E. Mahon Managing Director Cashier Assistant Cashier (resigned 6-7-27) Assistant Cashier (from 8-12-27) Nashville Branch Joel B. Fort, Jr. Ellis C. Huggins, Jr. Leo W. Starr Managing Director Cashier Assistant Cashier Hew Orleans Branch Marcus Walker *W. H. Blackc **Jas. A. Walker F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier * Changed from assistant manager to cashier 8-12-27. Changed from cashier to assistant manager 8-12-27. Savannah Agency J. H. Bowden J. A. Goethe Manager Assistant Manager Havana Agency L. L. Magruder H. C. Frazer Manager Assistant Manager 1928 W. H. Eettig Deputy Chairman Birmingham Branch A. E. Walker H. J. Urquhart T. K. Knowlton Managing Director Cashier Assistant Cashier Jacksonville Branch Geo. S. DeSaussure W. S. Mclarin, Jr. W. S. Mclarin*Jr. Geo. S. Vardeman Miss Mary E. Mahon Managing Director (died Jan. or Feb. 1928) Managing Director (from 2-11-28) Cashier (before 2-11-28) Cashier (from 2-20-28) Assistant Cashier Nashville Branch Joel B. Fort, Jr. Ellis C. Huggisn, Jr. E. R. Harrison Leo W. Starr Managing Director Cashier (resigned 2-28-28) Cashier (from 3-1-28) Assistant Cashier New Orleans Branch Marcus Walker Jas. A. Walker W. H. Black F. C. Vasterling Managing Director Assistant Walker Ca shier Assistant Cashier Savannah Agency J. H. Bowden J. A. Goethe Manager Assistant Manager Havana Agency 1. 1. Magruder H. C. Frazer Manager Assistant Manager 1929 H E A D O F F IC E : J. A . M c C r a r y , Director OFFICERS OF BRANCHES - 1929 BIRMINGHAM: A. E. Walker H. J. Urquhart T. N. Knowlton Managing Director Cashier Assistant Cashier JACKSONVILLE: W. S. McLarin, Jr. George S. Vardeman Miss Mary E. Mahon Managing Director Cashier Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Leo W. Starr Managing Director Cashier Assistant Cashier NEW ORLEANS: Marcus Walker James A. Walker Wm. H. Black F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier SAVANNAH AGENCY: J. H . Bowden J. A . Goethe Manager Assistant M anager HAVANA AGENCY: L . L . Magruder H . C . Frazer Manager Assistant M anager OFFICERS OF BRANCHES - 1930 BIRMINGHAM: A. E. Walker H. J. Urquhart T. N. Knowlton Managing Director Cashier Assistant Cashier JACKSONVILLE: W. S. McLarin, Jr. George S. Vardeman Miss Mary E. Mahon Managing Director Cashier Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Leo W. Starr Managing Director Cashier Assistant Cashier NEW ORLEANS: Marcus Walker James A. Walker Wm. H. Black F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier SAVANNAH AGENCY: J. H . Bowden J. A . Goethe Manager Assistant M anager HAVANA AGENCY: L.. H. H. A. L. C. C. H. Magruder Frazer F razer Alston Manager (Died 7-31-30) Manager (8-1-30) Assistant M anager (1-1 to 7-31-30) Assistant M anager (8-1-30) H E A D O F F I C E - O F F I C E R S - 1931: W a r d Albertson W . S. Johns H . F . Conniff W . S. M c L a rin , Jr. M . W . Bell R . A . Sims V . K . B ow m an C. R . Cam p P . L . T . Beavers S* P . Schuessler L.. M . Clark E . P . Paris J. W . Honour Robert S. Parker Assistant Federal Reserve Agent and Secretary of the Board Deputy Governor Deputy Governor Asst* Deputy Governor Cashier Assistant Cashier General Auditor Assistant Auditor General Counsel M e m b e r Federal Advisory Council J. P . Butler SAVANNAH AGENCY: J. H . Bowden J. A . Goethe Manager Assistant Manager HAVANA AGENCY H . C . Frazer A . H . Alston Manager Assistant Manager OFFICERS OF BRANCHES - 1931 BIRMINGHAM: A. E. Walker H. J. Urquhart T. N. Knowlton Managing Director Cashier Assistant Cashier JACKSONVILLE: W. S. McLarin, Jr. Hugh Foster George S. Vardeman Miss Mary E. Mahon Managing Director (Resigned) Managing Director (Effective 1-9-31) Cashier Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Leo W. Starr Managing Director Cashier Assistant Cashier NEW ORLEANS: Marcus Walker James A. Walker W. R. Black F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier H E A D O F F I C E - 1932 W ard Albertson W. H. W. M. R. V. C. P. S. L. E. J. S. Johns F . Conniff S. M c L a rin , Jr. W . Bell A . Sims K . B o w m an R . Camp L . T. Beavers P . Schuessler M . Clark P . Paris W . Honour Robert S, Parker Assistant Federal Reserve Agent and Secretary of Board of Directors Deputy Governor Deputy Governor Asst. Deputy Governor Cashier Assistant Cashier General Auditor Assistant Auditor General Counsel SAVANNAH AGEN CY J. H . Bowden J. A . Goethe Manager Assistant M anager HAVANA AGENCY H . C . Frazer A . H . Alston Manager Assistant M anager OKFICERS OF BRANCHES - 1932 BIRMINGHAM: A. E. Walker John H. Frye H. J. Urquhart T. N. Knowlton Managing Director (Died June or July 1932) Managing Director (Effective 7-11-32) Cashier Assistant Cashier JACKSONVILLE: Hugh Foster Managing Director George S. Vardemand, Jr. Cashier Miss Mary E. Mahon Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Leo W. Starr Managing Director Cashier Assistant Cashier MEW ORLEANS: Marcus Walker James A. Walker W. R. Black F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier H E A D O F F I C E - 1933 E . R . Black* W . S. Johns** H . F . Conniff M . W . Bell R . A . Sims V . K . B o w m an C . R . Cam p P . L . T. Beavers S. P . Schuessler L . M . Clark E . P . Paris J. W . Honour Assistant Federal Reserve Agent and Secretary of the Board of Directors Governor Deputy Governor Deputy Governor Cashier Assistant Cashier " M » " " 11 IT " " General Auditor Assistant Auditor W. S. Mclarin, Jr. Assistant Deputy Governor Robert S. Parker General Counsel W ard Albertson * M r # Black resigned in M a y 1933, resignation to becom e effective with his appointment to the Federal Reserve Board. S. Johns elected Deputy Governor, but, when Governor Black*s resignation becam e effective, to assume the duties of Governor and sign as "Acting Governor, M SAVANNAH A G EN CY J, H . Bowden J. A* Goethe Manager Assistant M anager HAVANA AGENCY H . C . Frazer A . H . Alston Manager Assistant Manager OFFICERS OF BRANCHES - 1933 BIRMINGHAM: John H. Frye H. J. Urquhart T. N. Knowlton Managing Director Cashier Assistant Cashier JACKSONVILLE: Hugh Foster Managing Director Georgd S. Vardemand, Jr. Cashier Miss Mary E. Mahon Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Leo W. Starr Managing Director Cashier Assistant Cashier MEW ORLEANS: Marcus Walker James A. Walker W. R. Black F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier H E A D O F F I C E - 1934 L . M . Clark E. W. H. W. M. R. V. C. P. S. E. J. R . Black* S. Johns*# F . Conniff S. M c L a r in , Jr« W . Bell A . Sims K . B o w m an R . Cam p L.. T . Beavers P . Schuessler P . Paris W . Honour Robert S. Parker Assistant Federal Reserve Agent and Secretary of the Board Governor Acting Governor Deputy Governor Assistant Deputy Governor Cashier Assistant Cashier u it General Auditor Assistant Auditor General Counsel * M r . B lac k Ts resignation from the Federal Reserve Board accepted August 15, 1934. Elected Governor by Board of Directors of Federal Reserve Bank of Atlanta, August 16, 1934. D I E D Decem ber 19, 1934* ^ M r . Johns resum ed his duties as Deputy Governor after A ug. 14, 1934. SAVANNAH AGENCY: J. H . Bowden J. A . Goethe Manager Assistant M anager HAVANA AGENCY H . C. F razer A . H . Alston Manager Assistant M anager OFFICERS OF BRANCHES - I93U BIRMINGHAM: John H. Frye H. J. Urquhart T. N. Knowlton Managing Director Cashier Assistant Cashier JACKSONVILLE: Hugh Foster George S . Vardeman,Jr. George S . VardemanjJr. Miss Mary E . Mahon Managing Director (Died 10-31-3*0 Managing Director, Acting (Starting 9-17-310 Cashier Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Leo W. Starr Managing Director Cashier Assistant Cashier NEW ORLEANS: Marcus Walker James A . Walker W. H. Black F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier H E A D O F F IC E 1935 L . M . Clark H. H. W. M. R. V. C. P. S. E* J. W arner Martin F . Conniff S. M c L a rin , Jr. W . Bell A . Sims K . B o w m an R . Cam p L . T . Beavers P . Schuessler P . Paris W . Honour Robert S. Parker Assistant Federal Reserve Agent and Secretary of the Board Deputy Governor Deputy Governor Assistant Deputy Governor Cashier Assistant Cashier M tt tt tt General Auditor Assistant Auditor General Counsel SAVANNAH AGENCY J, H* Bowden J. A . Goethe Manager Assistant Manager HAVANA AGENCY H* C . Frazer A . H . Alston Manager Assistant M anager OFFICERS OF BRANCHES - 1935 BIRMINGHAM: John H. Frye H. J. Urquhart T. N. Knowlton Managing Director Cashier Assistant Cashier JACKSONVILLE: George S. Vardeman, Jr. Miss Mary E. Mahon Managing Director Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Leo W. Starr Managing Director Cashier Assistant Cashier NEW ORLEANS: Marcus Walker James A. Walker W. H. Black F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier H E A D O F F I C E - 1936 H . F* Conniff W . S. M c L a r in , Jr. M . W . Bell R . A . Sims V . K . B o w m an C . R . Cam p P . L.. T . Beavers S* P . Schuessler E . P . Paris J. W . Honour L . M . Clark Robert S. Parker Deputy Governor (Jan. 1-Feb. 29, 1936) Vice President (M arch 1-Dec. 31, 1936) Assistant Deputy Governor (Jan, 1-Feb. 29, 1936) Assistant Vice President (March 1-Dec* 31, 1936) Cashier (entire year 1936) Assistant Cashier (entire year 1936) n M It II General Auditor Assistant Auditor Secretary, Board of Directors (entire year 1936) First Vice President (five-year term) and General Counsel SAVANNAH A G EN CY J. H . Bowden J. A . Goethe Manager Assistant M anager HAVANA AGENCY H . C . F razer A , H . Alston Manager Assistant M anager OFFICERS OF BRANCHES - 193$ B1RMIGNHAM: John H. Frye H. J. Urquhart T. N. Knowlton JACKSONVILLE: George S. Vardemand, T. A. Lanford Miss Mary E. Mahon Managing Director (retired 12-31-36) Cashier Assistant Cashier Jr. Managing Director Cashier Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Leo W. Starr Managing Director Cashier Assistant Cashier NEW ORLEANS: Marcus Walker * James A. Walker W. H. Black F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier * Resigned 12-31-36. Position of Assistant Manager abolished 12-31-36. H E A D O F F I C E - 1937 Robert S. Parker H . F . Conniff W . S. M c L a rin , Jr. V . K . B o w m an C* R . Cam p S. P . Schuessler E* P . Paris Li. M . Clark First Vice President and General Counsel Vice President Vice President and Cashier Assistant Cashier General Auditor Secretary SAVANNAH A G EN CY J. H . Bowden J. A . Goethe Manager Assistant M anager HAVANA AGENCY H* C . F razer Manager OFFICERS OF BRANCHES - 1937 BIRMINGHAM: P. L. T. Beavers H. J . Urquhart Managing Director Cashier JACKSONVILLE: George S. Vardeman, Jr. T. A. Lanford Managing Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Managing Director Cashier NEW ORLEANS: Marcus Walker W. H. Black F. C. Vasterling Managing Director (Retired 12-31-37) Cashier Assistant Cashier Director H E A D O F F I C E - 1938 J« R . M c C rav ey , Jr* H. W. V. C. S. E. F. S. K. R* P. P. Conniff M c L a rin , Jr. Bowm an C am p Schuessler Pariss Assistant Federal Reserve Agent and Secretary of the Board Vice President Vice President and Cashier Assistant Cashier General Auditor SAVANNAH A G EN CY J, H . Bowden J. A . Goethe HAVANA AGENCY Manager Assistant M anager OFFICERS OF BRANCHES - 1938 BIRMINGHAM: P. L. T. Beavers H. J. Urquhart Managing Director Cashier JACKSONVILLE: Geo. S. Vardeman, Jr. T. A. Lanford Managing Director Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Managing Director Cashier NEW ORLEANS: L. M. Clark W. H. Black F. C. Vasterling Managing Director Cashier Assistant Cashier H E A D O F F I C E - 1939 J. R . M cC rav ey, Jr. Oscar Newton Robert S. Parker W . S. McLarin, Jr. V. C. S. E. K. R. P. P. B o w m an C am p Schuessler Paris Assistant Federal Reserve Agent and Secretary of the Board President (died F e b . 13, 1939) First Vice President and General Counsel (Elected President F e b . 18, 1939, for unexpired term of M r . Newton) Vice President and Cashier (appointed First Vice President Oct. 13, 1939, for unexpired term of M r . Parker) Assistant Cashier it tt tt General Auditor Savannah Agency J. H . Bowden Earle M . Looney Manager Assistant Manager OFFICERS OF BRANCHES - 1939 BIRMINGHAM: P. L. T. Beavers H. J. Urquhart Managing Director Cashier JACKSONVILLE: Geo. S. Vardeman, Jr. T. A. Lanford Managing Director Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Managing Director Cashier MEW ORLEANS: L. M. Clark H. C. Frazer M. L. Shaw F. C. Vasterling Managing Director Assistant Manager Cashier Assistant Cashier H E A D O F F I C E - 1940 J. R . M c C rav e y , Jr. V . K . B o w m an C . R . Cam p S. P . Schuessler J. E . D e n m ark E . P . Paris Pollard Turm an Note: Assistant Federal Reserve Agent and Secretary of the Board Assistant Vice President Assistant Vice President Assistant Vice President Assistant Vice President General Auditor Counsel Title of Assistant Cashier changed to Assistant Vice President 1/12/40. SAVANNAH AGENCY J. H . Bowden Earle M . Looney Manager Assistant Manager OFFICERS OF BRANCHES - 19^0 BIRMINGHAM: p. L . T. Beavers H. J. Urquhart Managing Director Cashier JACKSONVILLE: Geo. S. Vardetnan, J r . T. A. Lanford Managing Director Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Managing Director Cashier NEW ORLEANS: L. M. Clark M. L. Shaw F. C. Vasterling Henry C . F razer Managing Director Cashier Assistant Cashier Assistant M anager (to Jan. 16, 1940) H E A D O F F I C E - 1941 J. R . M c C rav e y , Jr, Robert S. Parker W . S. M c L a r in , Jr. Malcolm H . Bryan V . K . Bowm an S. P . Schuessler J* E . D en m a rk E . P . Paris Pollard T u rm an C. B. Camp Note: Assistant Federal Reserve Agent and Secretary of the Board President - D I E D M a r c h 28, 1941 First Vice President (Appointed President for unexpired term ending 2-28-46) Vice President (Appointed First Vice President for unexpired term ending 2-28-46) Assistant Vice President it n n M General Auditor (Managing Director of N e w Orleans Branch A ug. 15, 1941) Counsel Assistant Vice President M r . L . M * Clark was brought back from the N ew Orleans Branch where he had been serving as Managing Director and appointed Vice President of the Bank Aug. 8, 1941. SAVANNAH AG EN CY J. H . Bowden Earle M . Looney (Appointed General Auditor 8-8-41) Manager Assistant M anager OFFICERS OF BRANCHES - 19^1 BIRMINGHAM: F 7 T 7 T. Beavers H. J. Urquhart Managing Director Cashier JACKSONVILLE: Geo. S. Vardemanj Jr. T. A . Lanford Winslow E. Pike Managing Director Cashier Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Managing Director Cashier NEW ORLEANS: L. M. Clark M. L. Shaw F. C. Vasterling Earle Paris Managing Director (to A u g . 31) Cashier Assistant Cashier Managing Director (from Sept. 1) H E A D O F F I C E - 1942 J. R . M cC rav ey , Jr. V* K . B o w m an C . R . Cam p S. P . Schuessler J. E . D enm ark Pollard T u rm an Assistant Federal Reserve Agent and Secretary of the Board (put under Executive Training Program-temporarily relieved of duties as Secretary) ; Assistant Vice President Secretary pro tem (to act during M r . M cCravey* absence) and, Assistant Vice President n it it it General Auditor Counsel SAVANNAH AGENCY J. H . Bowden Earle M . Looney Manager Assistant M anager OFFICERS OF BRANCHES - 19^2 BIRMINGHAM; P. L. T. Beavers H. J. Urquhart L. V/. Starr Managing Director Cashier Assistant Cashier JACKSONVILLE; Geo. S. Vardeman,Jr. T. A. Lanford Winslow E. Pike Managing Director Cashier 'Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Managing Director Cashier NEW ORLEANS: E. P. Paris M. L. Shaw F. C. Vasterling Managing Director Cashier Assistant Cashier H E A D O F F I C E - 1943 V . K . Bowm an C . R . Cam p S. P . Schuessler J. R . M cC rav ey , Jr. J. E . D en m ark * Pollard T u rm an Assistant Vice President " " 11 11 " " General Auditor Counsel, Secretary pro tern * M r . J. E . D enm ark was called to military service April 15, 1943 M r . Winslow E . Pike (Assistant Cashier at Jacksonville Branch) nam ed "Acting General Auditor". SAVANNAH A G EN CY J. H . Bow den Earle M . Looney Manager Assistant Manager OFFICERS OF BRANCHES - 19^3 BIRMINGHAM: P. L. T . Beavers H. J. Urquhart L. W. Starr Managing Director Cashier Assistant Cashier JACKSONVILLE: Geo. S. Vardeman,Jr. T. A. Lanford Managing Director Cashier NASHVILLE: Joel B. Fort, J r ., E. R. Harrison Managing Director Cashier NEW ORLEANS: E. P. Paris M. L. Shaw W. H. Sewell F. c . Vasterling Managing Director Cashier Assistant Cashier Assistant Cashier Ifrom June 1) H E A D O F F I C E - 1944 C* R . C am p S. P . Schuessler J* R . McCrav'ey, Jr. J* E . D en m a rk Winslow E . Pike Pollard Turm an Note: Assistant Vice President Assistant Vice President M 11 General Auditor (Military Leave) Acting General Auditor General Counsel Annual election of officers changed from January to M ay of each year. SAVANNAH A G EN C Y J. H . Bowden Earle M . Looney Manager (Military Leave) Acting M anager OFFICERS OF BRANCHES - 1 9 ^ BIRMINGHAM: P. L. T. Beavers H. C. Frazer H. JY-Urquhart *L. W. Starr Managing Director Assistant Manager Cashier Assistant Cashier *On leave - Military Service JACKSONVILLE: Geo. S. Vardeman, Jr. T. A. Lanford T. C. Clark Managing Director Cashier Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison Managing Director Cashier NEW ORLEANS: E. P. Paris M. L. Shaw W. H. Sewell F. C. Vasterling L. Y. Chapman Managing Director Cashier Assistant Cashier Assistant Cashier Assistant Cashier (from June 1) H E A D O F F I C E - 1945 C . R . Cam p J. R . M c C rav ey , Jr. L . B . Raisty J. E . Den m ark Pollard Turm an Assistant Vice President f! II If IT General Auditor General Counsel, Secretary pro tem SAVANNAH A G EN CY J. H . Bowden Earle M . Looney Manager (Military Leave) Acting Manager OFFICERS OF BRANCHES - I9U5 BIRMINGHAM: P. L. T. Beavers H. C. Frazer *L. W. Starr H. J. Urquhart Managing Director Cashier Assistant Cashier Cashier *Mr. Starr on leave - military service JACKSONVILLE: Geo. S. Vardeman, T. A. Lanford T. C. Clark Managing Director Cashier Assistant Cashier NASHVIL I E : Joel B. Fort, Jr. W. E. Pike E. R* Harrison Managing Director Assistant Manager Cashier NEW ORLEANS: E. Paris M. L. Shaw W. H. Sewell L. Y. Chapman F. C. Vasterling Managing Director Cashier Assistant Cashier Assistant Cashier Assistant Cashier H E A D O F F I C E - 1946 Malcolm H . Bryan C . R . Cam p J. R . M cC rav ey , Jr. J. H . Bowden J. E . D enm ark Earle L . Rauber Pollard Tu rm an First Vice President (resigned effective 10/18/46) Assistant Vice President General Auditor Director of Research General Counsel, Secretary pro tem M r . Robert Strickland - M e m b e r , Federal Advisory Council Note: M r . J. H . Bowden, formerly m anager of Savannah Agency, returned to Bank after 3-1/2 years military service) OFFICERS OF BRANCHES - I9^6 BIRMINGHAM: P. L. T. Beavers H. C. Frazer H. J. Urquhart L. W. Starr *Managing Director Assistant Manager Cashier Assistant Cashier JACKSONVILLE: **Geo. S. Vardeman,Jr. T. A. Lanford T. C. Clark J. V/. Snyder *Managing Director Cashier Assistant Cashier Assistant Cashier NASHVILLE: Joel B. Fort, Jr. W. E. Pike E. R. Harrison *Managing Director Assistant Manager Cashier NEW ORLEANS: E. P. Paris M. L. Shaw W. H. Sewell L. Y. Chapman F. C. Vasterling *Managing Director Cashier Assistant Cashier Assistant Cashier Assistant Cashier *Title of first in command at each of the branches was changed to "Vice President and Manager" effective l /l /^ 7 **Mr. Vardeman retired effective January 1, 19^7* Died 9/30/51* H E A D O F F IC E 1947 H . F . Conniff Vice President J. H . Bowden C . R . Cam p F . H . Martin I. H . Martin J. R . M cC rav ey , Jr. E . C . Rainey W . E . Pike E . L . Rauber Harold T . Patterson Assistant Vice President tt fl II It - Secretary of the Board It General Auditor Director of R esearch Counsel OFFICERS OF BRANCHES - 19^7 BIRMINGHAM: P. E. T . Beavers H. C. Frazer H. J . Urquhart L. W. Starr JACKSONVILLE: T . A. Lanford T . C. Clark J . W. Snyder C. Mason Ford MASHVILLE: Joel B . Fort, Jr. E. R. Harrison R. E . Moody, Jr . MEW ORLEANS: E. P. Paris M. L. Shaw V/. H. Sewell L. Y. Chapman F. C. Vasterling W illia m H . Sewell Vice President and Manager Assistant Manager Cashier Assistant Cashier Vice President and Manager Cashier Assistant Cashier Assistant Cashier Vice President and Manager Cashier Assistant Cashier Vice President and Manager Assistant Manager Cashier (from June 1) Assistant Cashier Assistant Cashier Assistant C ash ier to June 1 H E A D O F F I C E - 1948 J. H . Bowden C . R . Cam p F . H . Martin I. H . Martin J. R . M cC ravey, Jr. E . C . Rainey Roy E , Milling Earle L . Rauber Winslow E . Pike Harold T . Patterson Assistant Vice President - secretary of the Board Director of Research General Auditor General Counsel OFFICERS OF BRANCHES - 19^8 BIRMINGHAM: P. H. H. L. L. C. J. W. T. Beavers Frazer Urquhart Starr Vice President and Manager Assistant Manager Cashier Assistant Cashier JACKSONVILLE: T. A. Lanford T. C. Clark J. W. Snyder C. Mason Ford Vice President and Manager Cashier Assistant Cashier Assistant Cashier NASHVILLE: Joel B. Fort, J r ., E. R. Harrison R. E. Moody, Jr. Vice President and Manager Cashier Assistant Cashier NEW ORLEANS: E. P. Paris M. L. Shaft W. H. Sewell L. Y. Chapman F. C. Vasterling Vice President and Manager Assistant Manager Cashier Assistant Cashier Assistant Cashier H E A D O F F I C E - 1949 J. H . Bowden C. R . Cam p F . H . Martin I. H . Martin R . E . Milling J. R . M c C rav ey , Jr. E* C . Rainey Earle L . Rauber Winslow E . Pike Harold T . Patterson Assistant Vice President Director of Research General Auditor General Counsel - Secretary of the Board OFFICERS OF BRANCHES - I9U9 BIRMINGHAM: P. H. H. L. L. C. J. W. T. Beavers Frazer Urquhart Starr JACKSONVILLE: T. A. Lanford T. C. Clark J. W. Snyder C.Mason Ford Vice President and Manager Assistant Manager Cashier Assistant Cashier Vice President and Manager Cashier Assistant Cashier Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison R. E. Moody, Jr. Vice President and Manager Cashier Assistant Cashier NEW ORLEANS: E. P. Paris M. L. Shaw W. H. Sewell L. Y. Chapman F. C. Vasterling Vice President and Manager Assistant Manager Cashier Assistant Cashier Assistant Cashier H E A D O F F I C E - 1950 J. H . Bowden C , R . Cam p F . H . Martin I. H . Martin E . C . Rainey Lloyd B . Raisty R . E . Milling Earle L . Rauber DeWitt A d am s Harold T . Patterson Note: Assistant Vice President Director of R esearch General Auditor General Counsel & Secretary of the Board M r . W . S. M c L a r in , J r ., retired effective F eb . 28, 1951. "OFFICERS OF BRANCHES - 1950 BIRMINGHAM: P. L. T. Beavers H. C. Frazer H. J. Urquhart Leo. W. Starr Vice President and Manager Assistant Manager Cashier Assistant Cashier JACKSONVILLE: T. A. Lanford T. C. Clark J . W. Snyder C. Mason Ford Vice President and Manager Assistant Manager Cashier Assistant Cashier NASHVILLE: Joel B. Fort, Jr. E. R. Harrison R. E. Moody, Jr. NEW ORLEANS: E. P. Paris M. L. Shaw W. H. Sewell L. Y. Chapman F. C. Vasterling Vice President and Manager Cashier Assistant Cashier Vice President and Manager Assistant Manager Cashier Assistant Cashier Assistant Cashier (Retired 12/l/50) H E A D O F F I C E - 1951 Joel B . F o r t, J r . V ice P r e s i d e n t L. C. J. F. I. E. R. E. A s s i s t a n t V ice P r e s i d e n t B. R. H. H. H. C. E. L. R a i s ty Camp Bowden M artin M a r tin R a in e y Milling R au b er D eW itt A dam s H a ro ld T . P a t t e r s o n TI DIED O ct. 17, 1951 It A s s i s t a n t V ice P r e s i d e n t G e n e ra l Auditor G e n e ra l C ounsel & S e c r e t a r y of the B o a r d OFFICERS OF BRANCHES - 1951 BIRMINGHAM: P. L. T. Beavers H. C. Frazer H. J. Urquhart *Melvin Mcllwain Vice President and Manager Assistant Manager Cashier Assistant Cashier *Bffective 5A /51 JACKSONVILLE: T. A. Lanford T. C. Clark J. W. Snyder C. Mason Ford Vice Presidentand Manager Assistant Manager Cashier Assistant Cashier NASHVILLE: *Joel B. Fort **R. E. Moody, Jr. E. R. Harrison L. W. Starr Vice President and Manager Assistant'.Manager Cashier Assistant Cashier *Mr. Fort died Oct. 17,1951 **Mr. Moody made Vice President & Manager 11 / 9/51 HEW ORLEANS: E. P. Paris M. L. Shaw W. H. Sewell L. Y. Chapman Vice President and Manager Assistant Manager Cashier Assistant Cashier H E A D O F F I C E - 1952 E . C . R ain ey C a s h ie r J . H. Bowden C . R , Camp F . H . M a rtin I. H . M a r tin R . E . Milling C h a r l e s T. T a y lo r J . E m o ry M cC orvey A s s i s t a n t V ice P r e s i d e n t R . D eW itt A dam s Dowdell B ro w n , J r . R . M* Stephenson G e n e ra l Auditor A s s i s t a n t Counsel Chief E x a m i n e r OFFICERS OF BRANCHES - 1952 BIRMINGHAM: P. L. T. Beavers *John L. Liles, Jr. H. J. Urquhart Melvin Mcllwain H. C. Frazer Vice President and Manager Vice President and Manager (Effective 7-1-52) Cashier Date of retirement of Mr. P.L.T.Beavers) Assistant Cashier Assistant Manager *Mr. Liles succeeded Mr. P. L. T. Beavers, who retired 7-1-52. JACKSONVILLE: T. A. Lanford T. C. Clark J. W. Snyder C. Mason Ford Vice President and Manager Assistant Manager Cashier Assistant Cashier NASHVILLE: R. E. Moody, Jr. E. R. Harrison L. W. Starr Stuart H. Magee Vice President and Manager Assistant Manager Cashier Assistant Cashier MW ORLEANS:. E. P. Paris M. L. Shaw W. H. Sewell L. Y. Chapman Vice President and Manager Assistant Manager Cashier Assistant Cashier. H E A D O F F I C E - 1953 C a s h ie r A s s i s t a n t V ic e P r e s i d e n t E # C. R ain ey C . R . Camp C h a r l e s T. T ay lo r J . E . M cC orvey J . H . Bowden F . H. M a rtin I. H. M a rtin R . E . Milling A s s i s t a n t V ic e P r e s i d e n t DeWitt Adams F r e d I, B r e c k A ssistan t C ash ier General Auditor H aro ld T . P a t t e r s o n V ice P r e s i d e n t & G e n e r a l Counsel & S e c r e t a r y of the B o a r d Dowdell B ro w n , J r . A s s i s t a n t C ounsel R . M . Stephenson Chief E x a m i n e r OFFICERS OF BRANCHES - 1953 BIRMINGHAM: John L. Liles, Jr* H. C. Frazer H. J. Urquhart Melvin Mcllwain Vice President and Manager Assistant Manager Cashier Assistant Cashier JACKSONVILLE: T. A. Lanford T. C. Clark J, W. Snyder C. Mason Ford Vice President and Manager Assistant Manager Cashier Assistant Cashier NASHVILLE: R. E. Moody, Jr* E. R. Harrison L. V/. Starr Stuart H. Magee Vice president and Manager Assistant Manager Cashier Assistant Cashier NEW ORLEANS: E. P. Paris M. L. Shaw W. H. Sewell L. Y. Chapman Vice President and Manager Assistant Manager Cashier Assistant Cashier Manual op operating procedures FOR ADMINISTRATIVE REFERENCE SECTION FEDERAL RESERVE BANK OF ATLANTA ATLANTA GEORGIA Board of Governors of the Federal Reserve System April 22, 1952 C0ST3JTS PART I Page Puypose of the Administrative Reference Section 1 Responsibilities of ARSection 1 Control of Incoming Communications 3 Precedent Handling of Important Correspondence U Control of Outgoing Coramunications 5 Handling of Confidential Material 6 Subject Classification 8 Subject Control 10 Departmental Control List 10 Numerical Control of Mimeographed Letters 10 Filing of Subject Material 11 Label and Folder Procedures 12 Reciuests for Records H Finding of Records H Searching for Records 15 Transmitting of ARSection Records 16 Refiling of Records 16 Charge Out Procedures 17 Follow-Up and Suspense Procedures 18 Disposition and Transfer of Records 19 File Statistics 21 Property of The Comoitteo on tho History of the Fee.jrc.l Reccrvo Systea PART II Exhibits PART III Correspondence not recuired in ARSection PART IV Miscellaneous Instructions to ARSection PART V Miscellaneous: Instructions to Bank Personnel -1- Puroose of the Administrative Reference Section This Section will operate and set up a file that will contain incoming and outgoing letters, telegrams, office memoranda, contracts, minutes, committee records, legal matters, research, ond other material which relates to subjects important and vital to the Bank, or that have historical interest. Important material would include communications from FRBoard setting up new bank services, amending procedures, preced ent cases, and matters submitted to the Board by the Atlanta Bank for approval. In matters originating in the Bank the file should contain material that involves several departments of the Bank or its Branches, policy on a subject, organization matters, and precedent cases. It is not intended that routine communications from the FRBoard, other FRBanks, Member Banks or others, outgoing letters from the Atlanta Bank, departmental data, or work papers would be included in the Administrative Reference Section. Responsibilities of ARSection 1. To coordinate subject files, now in many departments of the Bank, into one Subject classification to be filed in ARSection for the convenience of the entire Bank's staff. 2. To search for all reouests by the Bank's staff for any corre spondence or memoranda, whether or not it is of a subject or routine nature. 3. To control all subject material throughout the Bank, and to follow-up on the material if it is not returned to the ARSection within a given time. U. To maintain a Date File, set up by individual folders for the President and each Vice President, and that the copies be filed chronologically. Under each Vice President, but in separate folders, maintain a Date File by functions (see Exhibit 1); i .e ., filed behind the Date File of Mr. V. K. Bowman would be two files, one containing the correspondence of Assistant Vice President H. Martin and Date File copies relating to Accounting, Card Checks, Telegraph, Treasurer's General Account; and the other would contain the Date File copies of Mr, Wilson and those relating to 13b Loans, Loons, Rediscounts, Acceptances, Failed Banks, H.H.F.A., Regulation V Loans; -2 - 5* To supervise Non-Current Records Room, Audit and maintain a control classification, showing location, type of record and year of non-current records. Requests to send records from departmental files of the Bank to the Non-Current Records Room should channel through the ARSection. 6. To handle annual disposition of records, also to initiate schedules and recommend disposition of other records no longer useful. -3' Control of Incoming Communications Each morning the Administrative Reference Clerk, along with the Administrative Assisbant to the President, will review the incoming mail received by the President and First Vice President. Any correspondence ARSection deems "Subject mail*' will be given directly to the clerk, along with a Transmission Slip listing in numerical sequence the officers who will need to review it. Upon receipt of the mail, the following steps must be performed as quickly as possible:. 1. Prepare a Summary Sheet in duplicate (see Exhibit 2), and a Transmission Slip in duplicate (see Exhibit 3)• 2. Stamp correspondence with "Recorded in A .R .S," stamp in upper right-hand comer (see Exhibit A ), and stamp with "Please Initial" stamp (see Exhibit 5). 3. Attach original copy of Transmission Slip to corre spondence, and send the material to the first officer listed. 4. Classify both copies of the Summary Sheet in upper right-hand corner to the given subject; attach dupli cate Transmission Slip to original Summary Sheet. 5. File original Summary Sheet with its attached Trans mission Slip in date order in file marked Summary Sheets. 6. File duplicate of Summary Sheet in date order in Subject File previously indicated in upper righthand comer. These copies will remain in their gi^en place until the correspondence is returned to ARSection. Upon return of incoming correspondence that has been .routed under th9 stamp "Recorded in ARSection", first, check the Summary Sheet file and pull the original, second, pull the dupli cate from the Subject Pile. Transfer the correct Subject caption to the upper right-hand comer of the correspondence, and file in date order.’ in the Subject File. When all steps are completed, de stroy original and duplicate o£ Summary Sheet- Precedent Handling of Important Correspondence Some types of correspondence received by the/Bank require immediate action, such as telegrams from the FRBoard that must be answered in a short time, and offerings of securities that must be relayed to the member banks within a few hours. In order that com plete record control may be in the hands of ARSection, the office receiving such correspondence should call ARSection to have it re corded immediately, before taking it in person to the officer in charge of the department for action. In the event of further rout ing of the correspondence, this department should call ARSection to change the names on the Summary Sheet before taking it in person to the other office, or should have the ARSection transmit it. In no event should this material be placed in the hands of messengers (see Exhibit 6 ). -5- Control of Outgoing Communications All correspondence prepared by the Bank, other than the types shown in Part III of the manual, should have a "Date File" (see Exhibit 7). The date copies are to be sent to ARSection daily. The clerk in the Section sorts by department, checks for dates, dictator’ s and stenographer's initials, and reviews for subject material. The copies not requiring a "Record Copy" are then filed in their given Date File, by year, month and day (see Exhibit 8). When the material naeds a "Record Copy" the originat ing office is requested to send it and related matter to ARSection. -6- Handling of Confidential Material Certain material such as reports of FRBank Examiners, correspondence relating to a given member of the staff, Federal Open Market Committee, Presidents' Conference material, and information from the Board or outside agencies is sometimes classified as "Confidential." ARSection vill receive most of this type of material. Exceptions vill be made, not upon the confidential nature, but upon the administrative desirability of maintaining the material in other places. (See Mr. Clark's memo to Personnel Concerned - filed Part V.) All correspondence clas sified "Confidential'.' is to be marked vith the stamp Confidential For release b y : --------- — ---------- ------ (see Exhibit 9). On the blank line the person originating the confidential material vill put, first, his own initials, and second, if he is a junior officer or a department head, the initials of the senior officer to vhom he reports. Senior officers vill put, first, their own initials, and second, the initials of the President, First Vice President or General Counsel. If the First Vice President or General Counsel originates confidential material, such material is not to be released except at their direction or the direction of the President. The President, First Vice President, and General Counsel vill have unlimited access directly or upon their order to all material in the ARSection, regardless of confidential classification. Each other officer shall have access to material marked confidential by his subordinate or subordinates, if such officer is in the direct line of supervision as shovn on the organization chart. Othervise, confidential material can be released only by the President, First Vice President or General Counsel, or by the personnel originally responsible for the confidential designation. The President has authorized the supervisor of ARSection to stamp and initial any correspondence "Confidential" that vas over looked by another department and to limit its release. If in doubt, it would be well to bring it to the attention of the President or First Vice President. Confidsntial material being sent out of ARSection or to the Section by the Bank's personnel should be enclosed in the "Confidential" transmission envelopes; as instructed on the face of the envelope, it should be uealed and initialed (see Exhibit 10). -7- At no time should confidential, or any other material, received in the Section be considered a subject of conversation either inside or outside of the Bank. -8- Sub.iect Classification Material that is to remain in ARSection is to be reviewed for all necessary components such as incoming or outgoing corre spondence and attachments. When all the material has been gathered together, the classifier arranges it in date order, working up from the earliest date to the most current, and staples it in the upper right-hand comer. As neat and orderly files are an asset to any section, it is desirable to fold all large pieces of correspondence to the size of the Bank's stationery and to mount small pieces on letter-size white paper. This procedure eliminates the chance of overlooking a piece of correspondence that may have slipped to the bottom of the file. Correspondence should be read to determine subject classi fication. In many cases the first or last paragraph of a letter or memorandum will contain the subject. A seasoned classifier who has full knowledge of the operations of each department of the Bank, the special duties assigned to individuals within each department, the active and current topics under discussion, past requests for similar correspondence, and the style of composition of letters of individuals, will readily spot many of the subjects without reading word for word each piece of mail. In the event the material is extremely technical or very vague, it may be necessary for the classifier to reread it several times, and in some instances to consult with the originating office for more information before determining the proper caption. Many letters may contain more than one subject. The correspondence is classified to the most important subject and a cross reference should be filed under the less impor tant subject classifications. Cross reference only when necessary. There are several types of cross references—photostating, extra typed copies, cross-reference sheets, and excerpts (see Exhibits 1 1 , 12, 13 and 14). Photostats provide a true facsimile of a record. Extra typed copies may be used, but should be checked for accuracy. Cross-reference sheets may be used, but care should be taken to sum marise the correspondence well. This will aid the reader to determine whether the original correspondence is of interest. Excerpts are advisable when cross references are being made to minutes of meetings of committees where many topics are under discussion. The original set of minutes is most valuable in the committee file. The second copy of the minutes should be segregated by subject and the excerpts so classified (see Exhibit 15). -9- To record a cross reference, the classifier should note the classification of the cross reference in the lower left-hand corner of the original and should note on the cross-reference sheet where the original can be located. All the classifications should be written in green pencil in the upper right-hand comer of the top piece of correspondence. If a Date File copy accompanies any of tha material, the same classi fication should be written in the idential position (see Exhibits 16 and 17). -1 0 - Subject Control A subject control list is a necessity to ARSection. As more and more material is incorporated into the Section, the list will be growing rapidly. Each time a new file is set up, the super visor should amend the current list. It is suggested that this be done in longhand at the time the file is set up, and that the list be retyped when necessary. A printed list is not advisable until the Section has been in operation for a year or more. A card index of all files in ARSection is to be compiled and kept up-to-date. When a new Subject File is made it is neces sary to type a 3 by 5 card exactly as the label is written (see Ex hibit 18). The cards are filed in alphabetical order in the card index, In the event there is a sub-subject a second index card is prepared, disregarding the main subject and filed alphabetically in the Relative Index (see Exhibit 19). Departmental Control List At the time the ARSection was established, the depart mental files of the Bank were reviewed and "Departmental Control Lists" were compiled. An audit of the departmental files should be made by the ARSection periodically. This audit will assure the ARSection that the departments of the Bank have not re-established Subject files that have been previously co-ordinated in the ARSubject files, and will also reveal new subject titles not included on the previous list (see Exhibit 20). Numerical Control of Mimeoeranhed Letters Copies of all mimeographed letters sent to the Bank by the Board are to be filed in numerical sequence in the ARSection. It is necessary to have two copies of these lettersj one is to be classified to the Subject File and the other to be classified to the Mimeographed Letter file. The copy filed in the Mimeographed Letter file should have a notation in the lower left-hand corner as to where the copy in the Subject File can be located (see Exhibit 2 1 ). ADMINISTRATIVE REFERENCE SECTION SUBJECT CONTROL Addresses and Telephone Numbers Advertising Agriculture Annual Report to Directors Auditing Procedures Audit Reports Bank Changes Bankers Association Meetings Bank Examination Supervision Bank Holding Companies Banking Hours Bank and Public Relations "Know Your Bank Week" Lindsey Jake W M/Sgt General Books and Pamphlets Budgets Branches General Atlanta S0-8/+ Marietta Street Portrait of Mr. McLarin Purchase of Property West Side of Bank Silvey Building (Federal Reserve Annex) General Birmingham Branch Outside Space General Jacksonville Branch New Building Bids Building Blueprints Weekly Inspection Report Insurance Furniture and Equipment Outside Space Sale of Old Building and Lot General Nashville Branch New Building Outside Space General New Orleans Branch Outside Space Furniture and Equipment General Insurance General Check Collection Air Transportation Check Routing Symbols Committee on Collections Air Transportation Conference Reports Correspondence Photographing of Checks Postal Money Orders Protests General Clearing House Association Coins Committees Better Business Bureau Current Business Developments Economic Developments Economic Report Reserve City Bankers General Commodity Credit Corporation Condition of Member Banks Conferences American Bankers Association Branches Fiscal Agency Head Office and Branches General Consumer Credit Appraisal Guides Enforcement Reports Leasing Arrangements Trade-Ins General Contributions Welfare, Education and Membership Cooperation with Outside Agencies Currency Shipment Absorption of Cost Armored Car Service Atlanta Birmingham Branch Jacksonville Branch Nashville Branch New Orleans Branch General Department Stores Directors Meetings General Discount and Advances Discount Rates Open Market General Douglas Questionnaire Earnings and Dividends Economic Cooperation Administration Advisory Committees on Fiscal and Monetary Problems Emergency Measures Examination Federal Reserve Bank of Atlanta Branches Confidential Exchange Charges Absorption Executive Training Program Expenses Coleman Committee Reimbursable General Federal Deposit Insurance Corporation Federal Reserve Board of Governors Clayton Lawrence EccleS Marriner S Martin Wm Me Jr McCabe Thos B Norton Edward L Powell Oliver S Ransom Roland Szymczak M S Federal Reserve Board Publications Annual Report Federal Reserve Bulletin General Federal Reserve Notes Federal Reserve System Fiscal Agency Expenses Operations Foreign Accounts Foreign Assets Control Foreign Exchange Foreign Funds Control Foreign Exchange Circulars General licences Amendments Executive Orders Documents and Amendments Press Releases General Foreign Missions Functional Expense Gold Government Checks Government Deposits Government Securities Gray Gordon Committee Holidays Housing Conditions Indebtedness & Outside Business Affiliations Inflation Insurance Government Losses in Shipment Act Loss Sharing Agreement General Interdistrict Settlement Fund International Training Program Leased Vires Loans Small Business 13-b Loans V-Loans Assignment of Claims General Mail Mailing Lists Membership National Banks National Securities Exchange Act Office Operations Open Market Operating Ratios Operational Survey Operations Report Organization Charts Par Clearance Patman Committee Personnel Insurance Group Life Retirement Books and Pamphlets Monthly Investment Report Personnel (Continued) Salaries Job Evaluation Plan (Confidential) Officers (Confidential) Officers Other Federals (Confidential) Wages & Hours Fair Labor Standards Act Travel Confidential General Presidents Conferences Publications Distribution Banking School of the South Real Estate Credit Records Disposition Manual Subject Control General Research and Statistics Confidential Reserves Reserve Requirements Reserve Cities Security Services to Member Banks Services to Nonmember Banks Signatures Authorized Speeches and Articles State of the Union Message Summary Sheets Taxation Florida Sales Tax Georgia Sales Tax Unofficial Correspondence Mr. Bryan General United States Savings Bonds Voluntary Credit Restraint Committee General -n- Flling of Subject Material Material ready to be placed in the folders is rough sorted in alphabetic groups according to main subject, then re sorted alphabetically by sub-subject, and finally in date order. Care must be taken to preserve proper chronologic order. It is suggested that the file clerk check the date of the correspondence preceding and following the place the material is to be inserted, and also recheck the subject caption. ARSection subject folders are in strict alphabetic order. In the event a General file is used, it is filed at the end of a classification. For example: Personnel Retirement Expenses Rules & Regulations General Travel General The "Personnel-General" folder contains two types of material. First, material not sufficiently voluminous to necessi tate an individual file. This material is filed alphabetically by sub-subject, in date order within that group. Second, miscel laneous material having the true classification of "PersonnelGeneral", which is filed in strict date order in the back of the folder. There is also a "General" folder filed at the very end of the alphabetic Subject File. This folder contains correspond ence having less than seven pieces of material with the same caption. The material is filed alphabetically by subject within the folder and in chronologic order within the captioned groups. -1 2 - Label and Folder Procedures Grey pressboard, correspondence size, one inch expansion, all in one position, off center, folders are used for Subject Files. Kraft folders are used for Date Files. Manila labels are used for all folders. Folders with uniform and neat labels are an asset to any Records Section. The following procedure for making labels is rec ommended: 1. Place strip in typewriter and release spacing lever. 2. Type label as follows: a. Start the first line of typing as near the scored mark as possible and two spaces in from the left edge. b. On Subject File labels, type ARS on the first line, at the extreme right side, end ing two spaces from the edge. c. When it is necessary to have a second line, use blcck form, starting one space below the first line. d. In Subject Files it is sometimes necessary to have folders broken down by dates. Type the date on the same line as the last line of the title, ending two spaces from the right edge. Enclose dates in parentheses. Place the figure "one" after the date on the first folder to indicate that it is the be ginning of the subject. Do not number subsequent folders, but give the month and the year on every folder. e. Date Files and Subject Files labels should be made in the sarae manner, but on the Date File label the word Date is substituted for ARS and the year and month is typed directly below. 3. Use capital and small letters. U. Use no punctuation. 5. Tear off label at perforated line. -13- 6. Fold label at scored mark, but be careful not to crease too harshly as it will weaken the label. 7. Mark folder tab with "label guide" provided for uniform spacing. 8. Moisten label well and place it carefully on the tab of the folder so that the top edge of the tab fits in the crease of the label. 9. Press smoothly on the folder and be sure all the corners are securely pasted down (see Exhibit 22). -u- Reauests for Records The ability to locate subject requests will always be used as an argument for or against the efficiency of the ARSection; therefore, it is very important that the reference clerk receiving the request get all the information known by the person placing the request, Essential information normally required to fill a request includes: 1. Name and office of the person requesting the material. In the event it is to be given to someone else, the name of the person and the office to whom it is to be charged will also be required* 2. Subject of correspondence, memorandum, or reports 3. Date or approximate date. 4.. Name of the originator of the material, if known. 5. Addressee, individual or company. All requests should be written in a Reauest book under the date of their receipt. If material is not located, a list of the folders searched should be recorded. This information will expedite service if the same request is received by the Section at a later date. Finding of Records When subject classification and subject filing has been performed efficiently, the finding of records should be a simple operation. Be sure to check the following places: 1. The subject folder. 2. Classified, unfiled mail in the sorting tray, 3. The file of "Summary Sheets" for incoming communications. 4. The incoming mail tray. 5. The Date File if the material requested is an outgoing letter or an interoffice memorandun. -15- 6. Relative Index Cards to be sure the material is not filed under another caption. 7. Cross Reference Sheets and Out Cards in the Subject File, in the event the material has been sent out of the Section at an earlier date. Searching for Records As it is the duty of the ARSection to locate all corre spondence in the Bank, whether it is in the section or departmental files, the lists of "Records held in Departmental Files" will aid in the search. Knowledge of the functions of each department is very helpful. When records are not located under the routine finding procedures, searching operations are necessary. The following suggestions may be helpful in the search: 1. Check alphabetic sequence before and after the Subject File in which the material should be located. 2. Check the Departmental Control lists and departmental files in the event the material has not been sent to the Section. 3. Search for the transposition of letters or the misspelling of titles. A. Similar letters of the alphabet appear to be the same when written in longhand, and could be misread when filed: examples would be a for o, e for i, ee for ie or u, h for k, m for n, etc. 5. The preceding or following year or month should be searched when a given date is known, 6. Check messenger service in the event the mate rial has left one office but not received by the Section. 7. Check the "General" folder under the subject as well as the "General" folder at the end of the Subject File. -1 6 - 8. Search "Unofficial Correspondence" folder for personal or semipersonal correspondence. Transmitting of ARSection Records As a general rule the regular messenger service should be used to send records from the Section. Exceptions to this rule would be the transmission of "Important Correspondence" (as described in Section — — of the Manual), and material classified "Confidential" (as described in Page ----- of the Manual). Refiling of Records Upon return of charged-out records to the ARSection, the file clerk should insert the material in the Subject File, and remove the Out Card. The information that had been noted on the Out Card at the time the record was charged out should be crossed out. -17- Charge Out Procedures When material is to be withdrawn from ARSection, the clerk will fill out an "Out Card" giving the type of correspond ence, a brief summary of contents, the date of the correspondence, to whom issued, and date issued (see Exhibit 23). If the person who receives the material gives any other information, such as "that it is to be held by M r .--- * until after the Director's meeting", this information should be added to the Out Card, and this need not be followed up until after that date. -18- Follow-Up and Suspense Procedures ARSection has two records for follow-up purposes; namely, the "Summary Sheet" and the "Out Card." The supervisor should review the "Summary Sheet" file weekly. When correspondence has been outstanding for a reason able length of time, the department to which it has been charged should be requested by telephone or personal visit to return the material. In the event the material is still in use, an attempt should be made to find out when the Section can expect to receive it, and the information obtained should be noted on the Summary Sheet. Normally correspondence should be returned to ARSection within a week. Known exceptions to this general rule should be noted on the Summary Sheet when it is prepared, and there should be no follow-up until the date then indicated. The supervisor should review weekly all file drawers for "Out Cards", and follow-up in the same manner as the Summary Sheet. Our experience has shown that most material charged out is back within twenty-four hours. When a member of the Bank's staff wishes to review a particular communication at a future date, it has been the practice for him to send the material to ARSection for classification and filing, with a request at the bottom of the Routing Slip that the material be brought to his attention at a given date (see Exhibit 24.) • When such material is received by ARSection, a Summary Sheet marked "Suspense" is prepared in duplicate. The original is at tached to the material and filed in the Subject File (see Exhibit 25), and the second copy is placed in a file marked "Suspense" under the date the material is to be brought forward. The supervisor should review daily the Suspense File and pull all correspondence that is to be re-routed. A regular Out Card is placed in the Subject File and the follow-up will be the same as for any other material charged out. -19* Disposition and Transfer of Records As the volume of records received by ARSection increases it will be necessary to survey the material in the Section in order to dispose of useless records and transfer inactive records. Records of the Bank fall into the following groups: 1. Policy Records These records which establish the organization, policies, and procedures of the Bank and the Branches should be retained permanently for historical purposes. 2. Operating Records Routine internal bank data, inter-office records, work sheets, transmittal letters, and personal correspondence are usually of temporary value, and this should be kept in mind when initiating the schedule for destruction. 3. Functional Records Records compiled to carry out a given function, transaction, or study should be evaluated indi vidually, bearing in mind the possible legal significance and research interest. 4. Federal Reserve Agents Records These records may be destroyed only with the approval of the Board of Governors. 5. Fiscal Aeencv Records These records are maintained by the Banks, as fiscal agents, custodians, and depositaries of the United States, or of agencies of the United States} such as, Treasury Department, Recon struction Finance Corporation, the Commodity Credit Corporation, etc. The procedure for submitting these records is set forth in the report of the Committee on Destruction of Records, dated May 24, 1945, and subseauent 11S" Letters from the Board of Governors. -2 0 - 6. Bank Examinations Department Records Prior to the transfer to the Federal Reserve Banks of the nonstatutory duties formerly per formed by the Federal Reserve Agents, records of the Bank Examinations Department were records of the Board of Governors which could be destroyed only pursuant to Governmental authority. Since such transfer records accumulated in the Bank Examinations Department (with exception of reports of examinations of State member banks and their affiliates made by examiners appointed by the Federal Reserve Banks with approval of the Board) are not Board records, but may be dis posed of only with the approval of the Board of Governors. This would not apply to examiners' working papers. 7. Auditing Records These records may be destroyed at the discre tion of the auditor under appropriate authority of the board of directors. If any such records are on Treasury or other Governmental forms their destruction is governed accordingly. Before the supervisor submits a disposal list or schedule to the officer in charge of the disposition of records of the Bank, the report of the Committee on Destruction of Records dated May 24, 194-5, and subsequent "S" Letters from the Board of Governors should be thoroughly reviewed. The transfer of records from ARSection to the Non-Current Records room will be necessary when the Section's files become so overcrowded that it is difficult to file or find records with ease, or when all available equipment is filled. Great care should be taken when surveying the material for subject files to be sent to the Non-Current Records room. It is illogical to transfer any subject that is referred to frequently. When the files have been physically transferred from the Section, a permanent cross reference guide should be placed in the current files. Information on the guide should include full title of the folder, dates covered within individual files, and location of material in the Non-Current Records room. A designated section of the Non-Current Records room should be set aside for all ARSectioji material. Requests for records in the "ARSection Non-Current Records'* should be filled by a reference clerk from the ARSection, and when returned should be refiled by a clerk from the ARSection. -2 1 - Flle Statistics The basic value of daily work reports and monthly pro duction reports is that they depict the efficiency and progress of the Section. Production figures are gaining in popularity but lose their value if so detailed that it takes a clerk more than a few minutes each day to compile them. In designing the "Daily Work Report" an attempt has been made to make it as concise as possible, yet from it the supervisor can readily watch the in crease or decrease of production by the Section in any routine operation (see Exhibit 26). In some instances the time recorded against an operation may only be an approximation, which is the case when listing "sub ject reouest" time. The space titled "Remarks" is used to list any unusual operation, such as, special typing jobs, difficult and lengthy research requests, coordinating or breaking down of current subject files, making of folders, transferring of records to the Non-Current Records room, supervision, training and discus sion, conferences with personnel of the Bank re procedures, meet ings (such as Bank Clubs), and leave. When a new procedure is adopted or a new subject set up, the supervisor should note it on her report. This is a ready refer ence, if called upon to verify when the Section’ s responsibility started. The reports of the clerks are filed in chronologic order in the folder marked "Daily Work Report." The Monthly Production Report summarizes the statistics of the combined Daily Reports, by type and date. This report shows concisely the increase or decrease of the volume of records received in ARSection, as well as the increase or decrease of subject refer ences received by the Section (see Exhibit 27). When called upon to show cause for requests for increased personnel, or need for more space or equipment, this report is invaluable. fuvu. FEDERAL RESERVE DANK OF ATLAKTA t ^ £■ c * , v e $5 5 C0?'1Mi TTe £ 0 . sy$ tem HISTORY OF BANKING in The States of THE SIXTH FEDERAL RESERVE DISTRICT ALABAMA. Banking developments, 1925 to 1939; a comparison of Alabama, eleven southeastern states and the United States, by Russell E. Johnson. Alabama. University. Bureau of Business Research. Business Mews, vol. 10, no. 11-12, July-August 19 ^0 . Banking in Alabama during the war years, by John P. Gill. Alabama. University. Bureau of Business Research. Business News, vol. 16 , no. 1, September 19^5. p .1-2+ The State National Bank: an example of branch banking in Alabama, by John P. Gill. Alabama. University. Bureau of Business Research. Business News, vol. 17, no. 2 , October 19^ 6 . p.l-3 . FLORIDA Florida's Commercial Banks. Florida. University. Economic Leaflets, vol. 1, no. 7> June 19^2. Florida1s Commercial Banks. Florida. University. Economic Leaflets, vol. 11, no. 10, September 1953A History of Banking in Florida, by D. Y. Thomas. 175p• (Typewritten) University of Florida. Some Aspects of Commercial Banking in Florida, by James G. Richardson. University of Florida, Master's Thesis, 195^ • History of Banking in Florida, 1828-19JJU, by J. E. Dovell* Orlando, Florida Bankers Association, 195$ • LOUISIANA. A banking history of Louisiana, by Stephen Adolphus Caldwell. Baton Rouge, Louisiana State University Press, 1935* 138p. (LSU Studies, no. XIX) Banking in Louisiana, by R. N. Sims. Louisiana, Official Journal of Louisiana Chamber of Commerce, vol. 1, p. 11-12, September 1929 . The development of Louisiana banking, 1923 -1936, with special reference to credit and investment policies, by Mack Haynes Hornbeak. PhD. Thesis, Louisiana State University, 1937* History of Louisiana banking, by L. 0. Broussard. In: Historical Encyclopedia of Louisiana,by E. A. Davis, vol. 1 , p .22-24. A study of bank failures in Louisiana from 1920-1932, by C. P. Dunbar. j6p. Harvard University, M.S. Thesis, 193^. MISSISSIPPI A history of state banking in Mississippi, by Charles Carlisle Alexander. University of Mississippi, Thesis, 1931- TENNESSEE I 938-I9U8 . Commercial banking in Tennessee,/by Sam Y. Cross, Jr. University of Tennessee, Master's Thesis, 1950The contribution of Tennessee banks to the ration banking plan, by Orra Irene Allen. University of Tennessee, Master' s Thesis, 19^ . Development of banking in Tennessee, by Claude Arthur Campbell. Vanderbilt University, PhD. Thesis, 1932. 19%>* The development of banking in Tennessee, by Warren P. Gray. Graduate School of Banking Thesis, 19^8. 12%>. Early development of commerce and banking in Tennessee, by Thomas Perkins Abernethy. Reprint from Mississippi Valley Historical Review, vol. 14, no. 3, December 1927. 325P - A history of banking in Chattanooga, by Hamilton National Bank, Chattanooga, Tennessee. 1949, rev. 33p. State regulation of banking in Tennessee since 1870 , by Charles R. Curtis. University of Tennessee, Master's Thesis, 1938 . S i x t h F e d e r a l . R e s e r v e D is t r ic t b F ed era l of R A t eserv e Ba n k tlan ta ■fjrfparrb by Samra 11 Uouiiipn Assistant Birr flrrstfottt lank anii JJublir Stations QDfftrer CONTENTS Page Loan and Discount Department.......................... 1 Money Department................................................2 Check Collection Department ...............................2 Accounting Department ....................................... .. 4 Fiscal Agency . . . ............................................5 Supervisory ......................................................... .. 6 Bank and Public Relations .................................. 6 RFC-CCC Custody Department ........................... ..7 April 28, 19V7 Federal Reserve Bank of Atlanta S E R V I C E S TO B A N K S SIXTH FEDERAL RESERVE DISTRICT LOAN AND DISCOUNT DEPARTMENT 1. Rediscounts and Advances. (a) This department of the bank rediscounts for member banks eligible, commercial, agricultural, and industrial paper; bankers acceptancesj and various other specified types of assets. (b) It makes advances upon the security of Government obligations to member and nonmember banks. It makes advances to member banks against various other eligible collateral and, under Section 10b, upon the security of any acceptable assets. 2. Purchases. (a) The bank purchases and resells through this department Treasury Bills from and to member and nonmember banks under a re purchase option agreement. (b) It also purchases bills of exchange, trade acceptances, and bankers acceptances of tho kinds and maturities made eligible by tho act, and tax anticipation warrants. 3. Industrial Loans. (a) The bank discounts obligations for, purchases obligations xfrom, and makes loans or advances on the security of such obligations, entered into for the purpose of obtaining working capital for an established industrial or commercial business in accordance with the terms of Section 13b of the Federal Reserve Act, direct to any commercial bank operating in its district, and makes commitments with regard to such discounts, purchases and advances. If. Miscellaneous. (a) Upon request -this department furnishes, without charge, corporation, partnership, individual, and farmer financial state ment forms for use by member banks in obtaining oredit information from their customers. (b) Upon the request of member banks this department analyzes, classifies, copies, and returns to such member banks financial statements and auditors reports submitted in anticipation of redis count, discount, and war loan offerings. -2- MONEY DEPARTMENT 1. Currency and Coin. (a) Upon request this bank forwards to its member banks currency and coin, charging the amount of the shipments to the respective reserve accounts. It absorbs the cost of shipments received from and forwarded to member banks. (b) Subject to the terms of this bank's operating circular No. 17, this bank will assume all risks incident to the transportation of shipments of currency by registered mail from the time such ship ments leave the office of the sending bank until delivered at the office of the addressee bank. (c) Requests for shipments of currency or coin may be made by telegraph at the expense of the Federal Reserve Bank in cases of emergency requiring the use of the telegraph. 2. Special Services. (a) This bank accepts deposits of money from any non-member bank, shipped at its own expense, for credit to the reserve account of a designated member bank, (b) This bank makes shipments of money to nonmember banks at the request and expense of a member bank. (c) It redeems for all banks mutilated or torn notes and alBO secures the redemption value of burned currency from the Treasury Department. (d) expense. It replaces mutilated notes for nonmember banks at their CHECK COLLECTION DEPARTMENT 1. Cash Items. (a) This bank receives checks and other cash items payable at par at any bank in- the United States from any member bank for clearance or collection. It collects cash items payable in Arabi, Gretna and Metairie, Louisiana, New Orleans zone, through the clearing house. (b) It gives credit to the reserve account of member banks on par items in accordance with the availability schedules, or average availability, which generally is a shorter period than actual collection time. -3- (c) It furnishes without charge addressed stamped envelopes to "banks for their convenience In remitting for our daily cash letters. (d) It permits member banks in this district to forward direct to other Federal Reserve Banks or Branches cash items payable in their respective areas. This reduces deferred time one day over that provided in the availability schedules. Credit is given the member banks upon receipt of a duly filled in direct sending stub form. We also furnish our member banks with cash letter forms, city and country, without charge, for sending to us or branches, as well as other Federal Reserve Banks. Should the member bank desire to use its own cash letter form, we will furnish without charge a direct sending stub form for use in connection with these direct sent cash letters. 2. Special Clearing Arrangements. (a) The Head Office, Birmingham Branch and New Orleans Branch act as city clearing house for local banks without charge. Debits and credits are made to the account of the local member banks cover ing clearing house exchanges, both in the morning session and in the afternoon go-back session. 3. Noncash Collection Items. (a) We handle drafts, coupons and other non-cash items from member banks for collection and do not charge for this service. Deductions are made only for charges imposed by collecting banks and for major transportation costs. We collect directly coupons clipped from securities held in custody instead of sending them to the owner banks. We also permit our member banks to forward collection items direct to the Federal Reserve Banks or Branches in which district the item is payable for credit to us for account of the sending bank. If. Special Services. (a) The Federal Reserve Bank of Atlanta includes in pouches to its various branches cash letters received from local member banks, containing checks payable in branch zones: In like manner our branches Include cash letters from their local members in pouches to Head Office and other branches in the 6th District. All trans portation charges absorbed by the Federal Reserve Bank. (b) Checks drawn by member banks of the 6th Federal Reserve District on their reserve accounts are acceptable for immediate availability at any of our offices. -k(c) The member "banks located In Atlanta Head Office zone may use the facility of our branches in connection vith Check Collection; likewise the member banks located in our branch zones may use the Head Office or other branch facilities. We encourage direct sendings to our branches and to other Federal Reserve Banks. (d) Our Birmingham Branch now sends cash letters direct to all par banks in the State of Alabama, although the Par List shows Alabama divided into three zones. We permit member banks of this district, other Federal Reserve Banks and their direct sending members to forward to our Birmingham Branch all Alabama par items for colloction. (e) When the Head Office or any of itB branches are closed in observance of some holiday, banks remaining open in the zone are permitted to use the facilities of the nearest branch bank and/or head office. To illustrate; our New Orleans Branch zone comprises parts of the States of Alabama and Mississippi. In observance of some Louisiana holidays, our New Orleans Branch may be closed when Mississippi and Alabama banks do not observe those holidays. When this situation occurs member banks in Mississippi and Alabama are permitted and requested to use the facilities of Birmingham Branch or the parent bank in Atlanta. Likewise when the parent bank begins closing on Saturdays under authority of a recent Georgia law, member banks in the State, of Georgia are advised to use the facilities, if needed, of the nearest branch bank. ACCOUNTING DEPARTMENT (a) This bank maintains reserve accounts for member banks as required by the Federal Reserve Act. 1. Telegraphic Transfers of Funds. (a) Telegraphic transfers of bank balances will be made for member banks without charge if in multiples of $1 ,000.00. Member banks may send telegraphic requests "collect". (b) Telegraphic transfers not in multiples of $ 1 ,0 0 0.00 or for use of an individual, firm, corporation, or nonmember bank will be made but the request if by telegraph must be "prepaid" and a charge will be made which will approximate but not exceed the commercial wire rate for the telegram involved in the transfer. 2. Federal Reserve Exchange Drafts, (a) Member banks may make application for permission to issue Federal Reserve Exchange Drafts. The drafts will be furnished to member banks desiring to avail themselves of this privilege. -5FISCAL AGMCY (a) This "bank acts as Fiscal Agent of the United States Treasury Department and certain subsidiary corporations, such as Farm Credit Administration, Home Owners Loan Corporation, etc. In the capacity as Fiscal Agent it handles new issues of securities, exchanges, re demptions, refunding operations and the payment of coupons. (b) It handles with the Treasury Accounting Department and the Chief Disbursing Officer transactions involving lost, stolen, and mutilated Treasury checks issued by this office and the replacement thereof. (c) It publishes and distributes circular letters to banking institutions and other interested concerns in the Sixth Federal Reserve District pertaining to Treasury regulations, policies, and announcements concerning the public debt. (d) It maintains war loan deposit accounts of qualified de positary banks. (e) It maintains consignment accounts for qualified issuing agents of Series E Bonds. (f) It maintains time deposit accounts for 2$ Depositary Bonds purchased with Treasury balances. (g) It pays over the window cash for U. S. Savings Bonds of Series A through E presented for payment by the owners. 1. Securities. (a) This bank holds in custody for member banks without charge bank owned securities. Our safekeeping service for member banks in cludes Government, municipal, industrial, and any other type of se curity or certificate. The service also includes the custody of se curities pledged as collateral to deposits of public funds, bank ruptcy funds, uninvested trust funds, and other deposits for the account of Government, municipal and state officials. (b) As a special service during the war we extended safekeeping facilities to ncnmember banks to the extent that we would hold with out charge Government securities having less than one year to run to maturity. (c) It also holds in custody securities owned by nonmember banks pledged to secure deposits of bankruptcy funds, making a nominal charge prescribed by the Board of Governors for this service. -6- (d) By special reciprocal agreement with the Federal Reserve Bank of St. Louis, we will hold. In custody at this "bank or any of its branches securities deposited by a bank located, in the St. Louis District for the purpose of securing war loan deposits. (e) It collects and credits the proceeds from called or maturing securities. ( f ) The Fiscal Agency representatives of this bank consult with and assist officers of member banks in working out investment policies and procedures, have similar contacts with the public, and assist the War Savings Bond Division in the promotion of sales campaigns. 2. Buying, Selling, and Exchanging. (a) This bank purchases and sells Government securities in the open market for the account of member banks in accordance with their orders. (b) It also accepts and delivers Government securities on contracts executed directly by member banks with the brokers. (c) It exchanges temporary for definitive bonds, makes trans fers by wire of short-term Government securities involved in sales contracts. SUPERVISORY. (a) This bank examines without charge state member banks and banks applying for membership, usually In cooperation with state bank supervisory authority. (b) It assists banks in the interpretation and application of rules and regulations affecting bank operations and policies. (c) In addition to discharging its direct supervisory duties, it provides assistance to member banks in developing desirable capital readjustment programs, in formulating sound loan and in vestment policies, and In improving operating procedures in both the commercial and trust fields. (d) Upon request, it assists the banks of the district in ob taining qualified personnel, principally at the executive level. BANK AND PUBLIC RELATIONS 1. Research and Statistics. (a) This bank provides information on economic conditions and developments in this district and in the country. It makes current analyses and studies of fundamental business, banking and credit conditions. It analyzes earnings and expenses of member banks and makes surveys of deposits and loans. It makes periodic studies of bank assets to assist in developing banking and credit policies. It also makes regular surveys of changes and trends in production, employment, trade and prices on the basis of reports obtained largely from establishments in this district. The results of such surveys, analyses, and studies are made available through the monthly bulletin, special releases and the annual reports. It also answers direct inquiries, and. participates in meetings of bankers and busInessmen. Library. (a) This bank maintains for banks and others a reference library containing lf,500 volumes and technical periodicals. 5. Allied Activities. (a) Members of the staff participate in meetings and conferences cf banking, business, civic, and. educational organizations - the Committee for Economic Development, Treasury Savings Bond Program, welfare organizations, professional associations - and. teach at Universities, and the American Institute of Banking. 4. Bank Relations. (a) The bank’s bank relations program is carried on by an Assistant Vice President who makes planned visits to member and nonmember banks, attends State Bankers' Association conventions and other meetings. He is aided in this work from time to time by other officers of the bank. Officers at the branches are responsible for their respective zones. However, they are frequently accompanied on visitations and when attending meetings, by our bank’s public relations officer and/or other officers from the parent bank. RFC-CCC CUSTODY DEPARTMENT 1. RFC Unit. (a) In accordance with Instructions of the Reconstruction Finance Corporation this bank as Custodian for RFC handles collect ions and disbursements on RFC participation loans made by banks or RFC to business enterprises. Remittances are also received from banks in payment of statements prepared by the Custodian for participation charges on deferred participation loans, and for pay ments due RFC on issues of preferred stocks and debentures. (b) At th© request of the RFC the Custodian also purchases from banks FHA insured mortgages and home loan mortgages guaranteed by the Veterans Administration. After date of purchase collections on such mortgages are made by banks as Servicing Institutions and are remitted to Custodian for application on the mortgages. 2. CCC Unit. (a) This bank as Fiscal Agent for the Commodity Credit Corporation purchases from banks acting as lending agencies for CCC, cotton loans approved by the CCC. Payment for the Loans purchased is made by crediting the reserve account of member banks or by issuing checks to nonmember banks. In lieu of cash payment banks may elect to receive CCC Certificates of Interest which bear interest at 1■§$ per annum. Principal payments are made on these certificates each month on a pro-rata basis as cotton is redeemed from the loan. The certificates, the originals of which are held by this bank for the account of lending banks, are redeemable on demand. (b) At the request of producers or equity purchasers cotton notes and supporting warehouse receipts are forwarded to banks for collection. (c) Cash letters received from banks covering drafts drawn by field representatives of the Department of Agriculture are also paid by this office for the account of CCC.
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