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FEDERALRESERVEBANK OF ATLANTA NINETEENTH ANNUAL STATEMENT DECEMBER 31, 1 9 3 3 FEDERAL RESERVEBANK OF ATLANTA January 20, 1934. To the Stockholders of the Federal Reserve Bank of Atlanta: In order that you may be fully informed as to the condition of your bank on December 31, 1933, and may be advised as to its earnings for the past year and the apportionment of those earnings, and m y know of the scope of its operations in 1933, the enclosed statement and information has been compiled. I want this to be something more than a formal statement of condition. Please take the information of operations as evidence of our service to our member banks and of our desire to be of greater service to them in 1934. The complete report of &e year’s operations which is submitted to the Federal Reserve Board by Mr. Oscar Newton, Chairman of our Board of Directors, is now in process of preparation and will be mailed to you. Sincerely yours, W. S. JOHNS, Acting Governor. STATEMENT OF CONDITION-DECEMBER 31, 1933 RESOURCES GOLDWITH FEDERAL RESERVE AGENT. . . . . . GOLDREDEMPTION FUND-FEDERAL RESERVE NOTES. GOLDHELDEXCLUSIVELY AGAINSTF. R. NOTES. GOLDSETTLEMENT FUND WJTH F. R. BOARD. . GOLDAND GOLDCERTIFICATESHELDBY BANK. . . . . . $ 90,880,000.00 3,157,305.33 . . . . . . . . . $ 94,037,305.33 22,087,410.30 2,093,269.11 TOTALGOLDRESERVES . . . . . . . . . . . OTHERCASH . . . . . . . . . . . . . . . TOTALGOLDRESERVESANDOTHER CASH . . . . . REDEMPTION FU-FEDERAL RESERVEBANKNOTES . BILLSDISCOUNTED: SECURED BY U. S. GOVERNMENT OBLIGATIONS . . . OTHER BILLS DISCOUNTED. . . . . . . . . TOTALBILLS DISCOUNTED . . . . . . . . . . BILLSBOUGHTIN OPEN MARKET. . . . . . . . U. S. GOVERNMENT SECURITIES: BONDS . . . . . . . . . . . . . . . . TREASURY NOTES. . . . . . . . . . . . . CERTIFICATES AND BILLS . . . . . . . . . . TOTALU. S. GOVERNMENT SECURITIES . TOTALBILLSAND SECURITIES . . . . DUE FROM FOREIGN BANKS. . . . . F. R. NOTESOF OTHERF. R. BANKS. . UNCOLLECTED ITEMS. . . . . . . BANKPREMISES . . . . . . . . . ALL OTHERRESOURCES. . . . . . TOTAL RESOURCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $118,217,984.74 11,874,124.76 . $130,092,109.50 1,013,900.00 . . . . . . . . . . . . . . . . . . . . . . . . $ 230,635.00 3,953,874.92 $ 4,184,509.92 4,279,200.29 $ 11,305,000.00 32,294,600.00 28,298,000.00 $ 71,897,600.00 $ 80,361,310.21 116,640.96 1,639,900.00 14,012,423.34 2,372,272.58 3,775,088.47 $233,383,645.06 LIAB I LIT1E S F. R. NOTESIN ACTUALCIRCULATION . . . . F. R. BANKNOTESIN ACTUALCIRCULATION . . DEPOSITS: MEMBERBANKS-RESERVEACCOUNT. . . GOVERNMENT . . . . . . . . . . . FOREIGN BANKS . . . . . . . . . . SPECIALDEPOSITS-MEMBERBANKS . . . SPECIALDEPOSITS-NON-MEMBER BANKS . OTHERDEPOSITS. . . . . . . . . . TOTALDEPOSITS . . . . . . . . . DEFERREDAVAILABILITY ITEMS . . . . . . CAPITALPAIDIN . . . . . . . . . . SURPLUS . . . . . . . . . . . . . ALL OTHER LIABILITIES . . . . . . . . TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $125,175,245.00 5,120,900.00 $ 65,441,708.92 112,412.79 145,717.10 1,947,517.81 264,284.28 4,170,106.27 . . . . . . $ 72,081,747.17 13,331,521.17 4,450,450.00 10,417,389.96 2,806,391.76 . $233,383,b45.06 . . . . . . DISTRIBUTION O F NET INCOME NETINCOME AVAILABLE FOR RESERVES AND DIVIDENDS YEARENDING DECEMBER 31. 1933 . . . . . . . . . . . . . . . . . . . $390,468.17 . . . . . . . . . . . . . . . . $281,646?.07 : DISTRIBUTION DIVIDENDS PAIDFOR YEAR1933 ON BANKPREMISES . DEPRECIATION ALLOWANCES RESERVESFOR TOTAL . . . . . . . . . LOSSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DEDUCT TOTAL AMOUNT AVAILABLE . . CHARGEDTO SURPLUS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,854.75 185,642.48 $517,141.30 390,468.17 $126,673.13 VOLUME OF BUSINESS TRANSACTED BY THE PRINCIPAL DEPARTMENTS OF THE FEDERAL RESERVE BANK OF ATLANTA DURING THE YEAR 1933 Number BILLSDISCOUNTED . . Amount . . . . . . . . . . . . ACCEPTANCES PURCHASED . . . . . . . . . . . . 26,108 $ 246,247,127.07 3,409 26,779,600.30 . . . . . . . . COUNTED . . . . . . . . . . 103,514,345 465,217,393.00 68,667,157 17,391,366.12 22,288,859 5,350,588,000.00 4,780,000 530,833,000.00 185,624 143,894,679.60 498,211 8,020,877.94 24,717 18,731,083.19 59,872 1,362,137,567.68 31,755 105,249,850.00 32,042 37,372,999.00 39,732 98,367,150.00 CURRENCYRECEIVED AND COUNTED COIN RECEIVED AND CHECKSHANDLED: . . . . . . . . . . . . . (a) ALL CHECKS-EXCEPT GOVERNMENT (b) U. S. GOVERNMENTCHECKS COLLECTIONITEMSHANDLED: . (b) U. S. GOVERNMENT COUPONSPAID. ( c ) ALL OTHER COUPONSPAID. . . . TRANSFERS OF FUNDS. . . . . . . . (a) NOTES,DRAFTS AND OTHERITEMS . . . . . . . . . . . . . . . . . . . . UNITEDSTATES SECURITIES: . . . . . . . . . . . . . . (a) NEWISSUES (b) REDEMPTIONS . . . ( c ) EXCHANGES . . . . . . . . . . . . DIRECTORS AND OFFICERS FOR 1934 FEDERAL RESERVE BANK OF ATLANTA DIRECTORS OSCARNEWTON..............CHAIRMAN, ATLANTA, GA. W. H. KETTIG.. ...DEPUTY CHAIRMAN, BIRMINGHAM, ALA. J. P. ALLEN.. ......................... .ATLANTA, GA. R. G. CLAY........................... .ATLANTA, GA. E. C. MELVIN.......................... .SELMA, ALA. G. G. WARE......................... .LEESBURG, FLA. LEONC. SIMON....................NEW ORLEANS, LA. J. A. MCCRARY.. .DECATUR, GA. J. B. HILL.. .NASHVILLE, TENN. ...................... ...................... OFFICERS W. S. JOHNS. ..................... .ACTING GOVERNOR OSCARNEWTON..........CHAIRMAN OF THE BOARD AND H. F. CONNIFF.....................DEPUTY GOVERNOR FEDERAL RESERVE AGENT W. S. MCLARIN,JR.. ......ASSISTANT DEPUTY GOVERNOR L. M. CLARK........ASSISTANT FEDERAL RESERVE AGENT M. W. BELL................................ CASHIER AND SECRETARY OF T H E BOARD OF DIRECTORS R. A. SIMS....................... .ASSISTANT CASHIER E. P. PARIS. ...................... .GENERAL AUDITOR V. K. BOWMAN. ...................ASSISTANT CASHIER J. W. HONOUR.....................ASSISTANT AUDITOR C. R. CAMP...................... .ASSISTANT CASHIER P. L. T. BEAVERS. .................ASSISTANT CASHIER S. P. SCHUESSLER. .................ASSISTANT CASHIER H. LANEYOUNG. ..............MEMBER FEDERAL ADVISORY COUNCIL ATLANTA, GA. ROBERTS. PARKER. .......................... .GENERAL COUNSEL ATLANTA, GA. DIRECTORS NEW ORLEANS BRANCH LEONC. SIMON. ..........CHAIRMAN, NEW ORLEANS, LA. .NEW ORLEANS, LA. .NEW ORLEANS, LA. .NEW ORLEANS, LA. .NEW ORLEANS, LA HAWIESBURG, MISS. .MOBILE,ALA. MARCUSWALKER................. R. S. HECHT.. .................... P. H. SAUNDERS.. ................. J. D. O’KEEFE.................... F. W. FOOTE. ..................... A. P. BUSH.. ......................... BIRMINGHAM BRANCH DIRECTORS W. H. KETTIG...........CHAIRMAN, BIRMINGHAM, ALA. J. H. FRYE.. ..................... .BIRMINGHAM, ALA. OSCARWELLS .................... .BIRMINGHAM, ALA. W. E. HENLEY. ....................BIRMINGHAM, ALA. JOHN G. FARLEY. ................. .BIRMINGHAM, ALA. E. F. ALLISON....................... .BELLAMY, ALA. VACANCY........................................ D I RECTORS OFFICERS J. H. FRYE.. .................... .MANAGING DIRECTOR H. J. URQUHART.. ........................ ..CASHIER .................ASSISTANT CASHIER T. N. KNOWLTON. JACKSONVILLE BRANCH S. 0. CHASE................ .CHAIRMAN, SANFORD, FLA. HUGHFOSTER ....................JACKSONVILLE, FLA. BAYLISSW. HAYNES. ..............JACKSONVILLE, FLA. EDW. W. LANE...................JACKSONVILLE, FLA. GEO.J. AVENT....................JACKSONVILLE, FLA. FKJLTON SAUSSY ..................JACKSONVILLE, FLA. G. G. WARE.. ........................LEESBURG,FLA. OFFICERS MARCUSWALKER................MANAGING DIRECTOR J. A. WALKER. ...................ASSISTANT MANAGER W. H. BLACK.............................. .CASHIER F. C. VASTERLING..................ASSISTANT CASHIER W. E. MILLER.....................ASSISTANT AUDITOR OFFICERS HUGHFOSTER ...................MANAGING DIRECTOR GEO. S. VARDEMAN, JR...................... .CASHIER MARYE. MAHON................. .ASSISTANT CASHIER NASHVILLE BRANCH DIRECTORS J. B. HILL...............CHAIRMAN, NASHVILLE TENN. JOEL B. FORT, JR.. .NASHVILLE,TENN. C. A. CRAIG....................... .NASHVILLE, TENN. PAULM. DAVIS.....................NASHVILLE, TENN. FRANK J. HARLE...................CLEVELAND, TENN. WM. P. RIDLEY. ....................COLUMBIA, TENN. C. W. BAILEY.................... .CLARKSVILLE, TENN. ................ SAVANNAH AGENCY ............................ J. H. BOWDEN. JAS. A. GOETHE. .................ASSISTANT OFFICERS B. FORT, JR.. ...............MANAGING DIRECTOR E. R. HARRISON.. ........................... CASHIER L. W. STARR.. ................... .ASSISTANT CASHIER JOEL HAVANA AGENCY MANAGER MANAGER H. C. FRAZER. ............................. MANAGER A. H. ALSTON................... .ASSISTANT MANAGER
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