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FEDERAL
RESERVE
BANK
OF ATLANTA

FIFTIETH ANNUAL STATEMENT

January 29, 1965
To All Member Banks in the

Sixth Federal Reserve District :
Presented herein is a comparative statement of condition of the Federal Reserve Bank

of

Atlanta as at

close of business December 31,1964, and December
31, 1963, together with a comparative statement

of

earnings and expenses for the years 1964 and 1963.

MALCOLM
BRYAN,
President

STATEMENT OF CONDITION
ASSETS
GOLD
CERTIFICATES . . . . . . . . . . . . . . . .
.
REDEMPTION
FUND FEDERAL
FOR
RESERVE
NOTES . . . .
FEDERAL
RESERVE
NOTESO F OTHER BANKS . . . . . . .
OTHERCASH . . . . . . . . . . . . . . . . . . . .
TOTAL
CASH . . . . . . . . . . . . . . . . . .
DISCOUNTS ADVANCES . . . . . . . . . . . . .
AND
.
U . S. GOVERNMENT
SECURITIES. . . . . . . . . . . .
TOTAL
LOANSAND SECURITIES . . . . . . . . . .
OTHERASSETS
:
CASHITEMS PROCESS COLLECTION . . . . .
IN
OF
.
BANKPREMISES
(NET)
. . . . . . . . . . . . .
ALL OTHER . . . . . . . . . . . . . . . . . .
TOTAL
OTHER
ASSETS . . . . . . . . . . . . .
TOTAL ASSETS . . . . . . . . . . . . . .
LIABILITIES
FEDERAL
RESERVE
NOTES . . . . . . . .
DEPOSITS
:
MEMBER
BANKRESERVE
ACCOUNTS .
.
U. S. TREASURER-GENERAL
ACCOUNT
.
FOREIGN . . . . . . . . . . . . .
.
OTHER . . . . . . . . . . . . . . .
TOTAL
DEPOSITS . . . . . . . . .
OTHERLIABILITIES:
DEFERRED
AVAILABILITY
CASH ITEMS .
ALL OTHER . . . . . . . . . . . .
TOTAL
OTHERLIABILITIES . . . . .
TOTAL LIABILITIES . . . . .

December 31.1964

December 31.1963

$ 733.006. 880

$ 729.636. 3
6 3
86.947. 155
40.939. 000
25.47.968
$ 882.970.756
$ 05.430. 0
0
1.956.527. 000
$1.961.957.000

.
.

.

95.011. 455
62.750. 000
13.412. 901
$ 904.181. 236
$ 20.342. 000
2.082.426. 000
12.102.768.000

.

$ 714.422. 300

.
.
.
.

18.346. 815
31.387. 163
$ 764.156.278
$3.771.105. 514

$ 548.739. 0
5 1
16.575.197
22.899. 472
$ 588.214.179
$3.433.141. 935

. . . . . . .

$2.084.906.977

$1.929.183.410

. . . . . . .

$ 993.100.402

. . . . . . .

48.126. 044
12.320. 000
6.216. 938
$1.059.763. 384

$ 916.247. 8
4 9
63.197. 724
8.800.000
5.513.553
$ 993.758. 5
7 7

.

.
.
.

. . . . . .
. . . . . .
. . . . . . .

. . . . . . .
. . . . . . .

$ 527.646.829

. . . . . . .

$ 564.943. 353

. . . . . . .

$3.709.613. 714

37.296. 524

$ 421.928. 8
2 8
4.831.862
$ 426.760. 0
1 5
$3.349.702. 335

CAPITAL ACCOUNTS
CAPITAL PAID IN . . . . . . . . .
SURPLUS. . . . . . . . . . . . .
TOTAL
CAPITAL
ACCOUNTS . .
.
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS .




. . . . . . . . . .
. . . . . . . . .

$

. . . . . . . . . .

$

. . . . . . . . . .

$3.771.105. 514

30.745. 900
30.745. 900
61.491. 800

$
$

27.813. 200
55.626. 400
83.439. 600

$3.433.141. 935

EARNINGS AND EXPENSES

TOTAL
CURRENT
EARNINGS . . . . . . . . . . . . . .
.
NET EXPENSES. . . . . . . . . . . . . . . . . . . .
CURRENT EARNINGS . . . . . . . . . . . . .
NET
.

$

4b

19a
74,146,196
14,431,237
59,714,959

$

8

1963
63,505,003
12,605,038
50,899,965

ADDITIONS CURRENT EARNINGS:
TO
NET

PROFIT SALES U. S. GOVERNMENT
ON
OF
SECURITIES
(NET)
. . . . . . . . . . . . . . .
ALL OTHER . . . . . . . . . . . . . . . . . . .
TOTAL
ADDITIONS . . . . . . . . . . . . . . . .
DEDUCTIONS
FROM CURRENT
NET EARNINGS . . . . . . .
.
NET ADDITIONS (+) DEDUCTIONS
(-)
. . . . . . . .
NET EARNINGS
BEFORE
PAYMENTU. S. TREASURY. . .
TO
.
PAYMENTS S. TREASURY
TO U.
(INTEREST F. R. ROTES) .
ON
DIVIDENDS
PAID . . . . . . . . . . . . . . . . . . .
TRANSFERRED
TO SURPLUS
ACCOUNT
NET ADDITIONS DEDUCTIONS . . . . . . . .
(+)
(-)

$
$

$
$
$




$
$

$
$
$

16,693
19,027
35,720
1.686
34,034
50,933,999
44,938,810
1,613,389

+

+ 4,381,800

- 24,880,500
59,701,889

$

50.933.999

55,626,400
- 24,880,500
Ib 30.745.900

$

51,244,600
4.381.800
55,626,400

$

SURPLUS ACCOUNT
SURPLUS
JANUARY . . . . . . . . . . . . . . . . .
1
TRANSFERRED SURPLUS-AS ABOVE . . . . . . . . . .
TO
SURPLUS
DECEMBER . . . . . . . . . . . . . . . .
31

33,498
9,070
42,568
55.638
- 13,070
59,701,889
82,807,715
1,774,674

$

$

Federal Reserve Bank of Atlanta
DIRECTORS
CLASS A
Elected by Member Banks

. . 1965
. . 1966
Gadsden, Gadsden, Alabama . . . . . 1967

M. M. KIMBREL, Chairman, The First National Bank, Thomson, Georgia

GEORGES CRAFT,
.
Chairman, Trust Company of Georgia, Atlanta, Georgia

D. C. WADSWORTH, President, The American National Bank of
SR.,

Term Expires
December 31

. . .
.. .

.
.

.

. . . . .

,

.. .. .

. . .
. . .

CLASS B
Elected by Member Banks

. . . . . . . . . . . . 1965
W. MAXEY
JARMAN,
Chairman, Genesco, Inc., Nashville, Tennessee . . . . . . . . . . . . . . . . . . 1966
JAMES CROW,JR., Vice President, The Chemstrand Corporation, Decatur, Alabama . . . . . . . . . 1967
H.
MCGREGOR
SMITH,
Chairman, Florida Power & Light Company, Miami, Florida

CLASS C
Appointed by the Board of Governors of the Federal Reserve System
J. M. CHEATHAM,
(Deputy Chairman), President, Dundee Mills, Inc., Griffin, Georgia . . . . . . . . . 1965
JOHN HUNTER,
A.
President, h u i s i a n a State University, Baton Rouge, Louisiana . . . . . . . . . . 1966
JACK
TARVER,
(Chairman), President, Atlanta Newspapers, Inc., Atlanta, Georgia . . . . . . . . . . . . 1967

OFFICERS
MALCOLM
BRYAN,
President; HAROLD PATTERSON, Vice President and General Counsel; J. EMORY
T.
First
MCCORVEY, President and Cashier; R. DEWITTADAMS,
Vice
General Auditor; HARRY
BRANDT, PresidentVice
B.
Vice President; BROWN RAWLINGS, President; RICHARD SANDERS,
R.
Vice
A.
Associate
Research; LLOYD RAISTY,
General Auditor; ROBERT STEPHENSON, President; CHARLES TAYLOR, President and Director
M.
Vice
T.
Vice
of Research.
C. MASONFORD,
Assistant Vice President; JOHN T. HARRIS,Assistant Vice President; GEORGEHIBBERT,
Assistant Counsel; BEYRL HOWARD,
E.
Assistant Vice President; F. HERBERT
MARTIN,
Assistant Vice President; GEORGE . SHEFFER, Chief Examiner and Assistant Vice President; EDGAR VALLETTE,
W
JR.,
M.
Assistant
Vice President.
N. CARSON
BRANAN,
Assistant Cashier; FRED BRECK,Assistant Cashier; W. M. DAVIS, Assistant Cashier;
I.
J. B. FORBES,
Assistant Cashier; J. LYLE HARDIN,
Assistant Chief Examiner; ERIC HINGST,Assistant Cashier;
DUANE
HOOVER,
Assistant Cashier; ARTHUR KANTNER,
H.
Assistant Cashier; BASIL A. WAPENSKY,
Assistant
J.
Cashier; JEFFREY WELLS,Assistant Cashier.




MEMBER FEDERAL ADVISORY COUNCIL
SAMM. FLEMING,
President
Third National Bank
Nashville, Tennessee

Birmingham Branch
DIRECTORS
Appointed by the Board of Governors of the Federal Reserve System
EUGENE GWALTNEY, Vice President and General Superintendent, Russell Mills, Inc.,
C.
JR.,
Alexander City, Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
MAYSE. MONTGOMERY,
General Manager, Dixie Home Feeds Company, Athens, Alabama.

Term Expires
December 31

.....

1965

. . . . . . . 1966
. . . 1967

C. CALDWELL
MARKS,(Chairman), Chairman, Owen-Richards Company, Inc., Birmingham, Alabama
Appointed by the Board of Directors, Federal Reserve Bank of Atlanta
A. CALVIN
SMITH,
President, First National Bank, Greenville, Alabama
JOHN

. . . . . . . . . . . . . . . .1965

A. HAND,
President, The First National Bank of Birmingham, Birmingham, Alabama . . . . . . . 1966

REX J. MORTHLAND,
President, Peoples Bank and Trust Company, Selma, Alabama.
C. WILLARD
NELSON,
President, State National Bank of Alabama, Decatur, Alabama

. . . . . . . . . . 1967
. . . . . . . . . . 1967

OFFICERS
E. C. RAINEY,Vice President and Manager; WM. A. WALLER, Assistant Vice President and Cashier;
JR.,
MARVIN STEWART,
W.
Assistant Cashier; WILLIAM THOMAS,
H.
Assistant Cashier.

Jacksonville Branch
DIRECTORS
Appointed by the Board of Governors of the Federal Reserve System

Term Expires
December 31

. 1965
. . . . . . . . . . . . . . . . . . 1966

CLAUDE YATES,
J.
(Chairman), Chairman of the Board, Florida Atlas Corporation, Jacksonville, Florida.

J. OLLIEEDMUNDS,
President, Stetson University, DeLand, Florida

HARRY VAUGHN,
T.
President, United States Sugar Corporation, Clewiston, Florida

. . . . . . . . . . .1967

Appointed by the Board of Directors, Federal Reserve Bank of Atlanta
ARTHUR SAARINEN,
W.
President, Broward National Bank, Fort Lauderdale, Florida

. . . . . . . . . 1965
. . . . . . . . 1966

WILLIAMH. DIAL, President, The First National Bank at Orlando, Orlando, Florida.

WILLIAM BARNETT,
R.
Chairman of the Board, The Barnett National Bank of Jacksonville,
Jacksonville, Florida . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DUDLEY
COLE,President, Florida First National Bank at Ocala, Ocala, Florida

.....

1967

. . . . . . . . . . . . 1967

OFFICERS

T. A. LANFORD,
Vice President and Manager; DOWDELL
BROWN, Assistant Vice President; T. C. CLARK,
JR.,
Assistant Vice President; VESTUS CROW,
L.
Cashier; B. H. HARGETT,
Assistant Cashier.




Nashville Branch
DIRECTORS
Appointed by the Board of Governors of the Federal Reserve System

Term Expires
December 31

. . . . . . . . 1965
. . . . . . . . . .1966

ANDREW HOLT,(Chairman), President, University of Tennessee, Knoxville, Tennessee
D.

JAMES WARD,
E.
President, Baird-Ward Printing Company, Inc., Nashville, Tennessee
ROBERT WILLIAMS,
M.
President, ARO, Inc., Tullahoma, Tennessee

. . . . . . . . . . . . . . . . . .1967

Appointed by the Board of Directors, Federal Reserve Bank of Atlanta

. . . . . . . . . . . . . . . 1965
WILLIAM EARTHMAN, President, Commerce Union Bank, Nashville, Tennessee . . . . . . . . . . . 1966
F.
JR.,
SIDNEY BROWN,
N.
President, Union National Bank, Fayetteville, Tennessee . . . . . . . . . . . . . . . 1967
J. A. HILL, President, Hamilton National Bank, Morristown, Tennessee . . . . . . . . . . . . . . . .1967

R. S. WALLING,President, First National Bank, McMinnville, Tennessee.

JR.,
R. E. MOODY,

OFFICERS
Vice President and Manager; W. H. SEWELL,
Assistant Vice President; L. W. STARR,
Cashier; STUART MAGEE,Assistant Cashier.
H.

New Orleans Branch
DIRECTORS
Appointed by the Board of Governors of the Federal Reserve System

J. 0. EMMERICH,
Editor, McComb Enterprise-Journal, McComb, Mississippi .

Term Expires
December 31

. . . . . . . . . . . . . 1965

GEORGE
BENJAMIN
BLAIR,
(Chairman), General Manager, American Rice Growers Cooperative
Association, Lake Charles, Louisiana . . . . . . . . . . . . . . . . . . . . . . . . . .
KENNETH GIDDENS,
R.
President, WKRG-TV, Inc., Mobile, Alabama.

....

1966

. . . . . . . . . . . . . . . . .1967

Appointed by the Board of Directors, Federal Reserve Bank of Atlanta

J. R. MCCRAVEY, Vice President, Bank of Forest, Forest, Mississippi . . . . . .
JR.,
L. Y. FOOTE,
President, First National Bank of Hattiesburg, Hattiesburg, Mississippi .
ROBERT HEARIN,President, First National Bank of Jackson, Jackson, Mississippi
M.

. . . . . . . . .1965

. . . . . . . . . 1966
. . . . . . . . . . 1967

W. RICHARD
WHITE,President, First National Bank of Jefferson Parish, Gretna, Louisiana

. . . . . . . 1967

OFFICERS
M. L. SHAW, President and Manager; L. Y. CHAPMAN,
Vice
Assistant Vice President and Assistant Manager;
FRED
MILLSAPS,
Assistant Vice President; R. M. JUNCA, Assistant Cashier.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102