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1 FEDERAL RESERVE BANK OF ATLANTA FEDERAL RESERVEBANK OF ATLANTA FIFTY-SECOND ANNUAL STATEMENT January 3 , 1 9 6 7 To All Member Banks in the Sixth Federal Reserve District: Presented herein is the comparative statement of condition of the Federal Reserve Bank of Atlanta as at close of business December 31, 1966, and December 3 1 , 1965, together with a comparative statement of earnings and expenses for the years 1966 and 1965. HAROLD T. PATTERSON, President , k STATEMENT OF CONDITION ASSETS December 3 1. 1966 .............. GOLDCERTIFICATES REDEMPTION FUND FOR FEDERAL RESERVENOTES . FEDERAL RESERVE NOTESOF OTHER BANKS. . . OTHERCASH. . . . . . . . . . . . . . TOTAL CASH . . . . . . . . . . . . . . DISCOUNTS AND ADVANCES . . . . . . . . . . U . S. GOVERNMENT SECURITIES. . . . . . . . TOTAL LOANS AND SECURITIES . . . . . . . OTHERASSETS: . . OF COLLECTION CASHITEMSIN PROCESS BANKPREMISES (NET) . . . . . . . . . . . ... . .... . . . . .... .... .... .... . . . . . . . . . . . . . ALL OTHER . . . . . . . . . . . . . . . TOTAL OTHERASSETS . . . . . . . . . . TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . December 31. 1965 $ 620.339.761 102.851.516 75.77 1.500 37.281. 504 $ 836.244.281 44.700. 000 2.470.066. 000 $2.5 14.766.000 $ $ 661.489. 9 3 0 98.860. 540 78.544.000 13.200. 897 $ 852.095. 3 6 7 $ 15.719. 0 0 0 2. 3 13.98 1.000 $2.329.700. 000 . . . . . 20.286.443 7 1.173.532 $ 962.616. 382 $4.3 13.626.663 $ 775.873. 9 0 3 20.329.218 54.898. 468 $ 851.101. 5 8 9 $4.032,896,956 ............... $2.326.865.049 $2.256.623.531 $1.186.760. 979 533.575 9.600. 000 9.940. 998 $1.084.442. 445 14.132. 387 8.850. 000 13.422.893 $1.206.835. 552 $1.120.847.725 . . . . . . . . $ 696.867.710 $ 579.168. 2 6 ........ 12.914.752 . . . . . . . . . . . . . . . . $ 709.782.462 $4.243.483. 063 $ 871.156.407 . LIABILITIES FEDERAL RESERVE NOTES. DEPOSITS: MEMBERBANKRESERVE ACCOUNTS. . U . S. TREASURER-GENERAL ACCOUNT. . . . . . . . . . . . . . . FOREIGN. . . . . . . . . . . . . . . . . . . . OTHER . . . . . . . . . . . . . . . . . . . . . TOTAL DEPOSITS . . . . . . . . . . . . . . . . OTHERLIABILITIES: DEFERRED AVAILABILITY CASHITEMS. ALL OTHER . . . . . . . . . . . TOTAL OTHERLIABILITIES . . . . . TOTAL LIABILITIES . . . . . 8 10.428. 132 $ 589.596. 4 0 0 $3.967.067. 656 CAPITAL ACCOUNTS CAPITALPAIDIN . . . . . . . SURPLUS. . . . . . . . . . . . TOTALCAPITAL ACCOUNTS. . . . . . . . . . . . . ........... . . . . . . . . . . . . TOTAL LIABILITIES AND CAPITAL ACCOUNTS . .......... $ 35.071. 800 $ 3507 1.800 70.143.600 $4.313.626. 663 $ 32.914. 6 5 $ 32.914. 650 65.829. 3 0 0 0 $4,032,896.956 EARNINGS AND EXPENSES 1965 1966 TOTAL CURRENT EARNINGS . . . NET EXPENSES ......... . . CURRENT NET EARNINGS . . . . . . . . . . . . ........... . . . . . . . . . . . . TO CURRENT NET EARNINGS: ADDITIONS PROFITON SALESOF U. S. GOVERNMENT (NET) . . . . . . . . . . SECURITIES ALL OTHER . . . . . . . . . . . . . . . . . . . . . TOTAL ADDITIONS. . . . . . . . . . . . . . . DEDUCTIONS FROM CURRENT NET EARNINGS . . . . . . ( + ) DEDUCTIONS ( -) . . . . . . . . NET ADDITIONS NET EARNINGS BEFOREPAYMENT TO u. S . TREASURY . . DIVIDENDS PAID . . . . . . . . . . . . . . . . . . . . . . . . . . TO U. S. TREASURY (INTEREST ON F. R. NOTES) PAYMENTS TRANSFERRED TO SURPLUS ACCOUNT ( ) DEDUCTIONS ( - ) NET ADDITIONS . . . . . . $ 105,656,724 $ 16,338,467 $ 89,318,257 $ $ $ 2,151,880 $ 2,151,880 186,236 $ 55,939 55,939 1,449 $ + 1,965,644 $ + 54,490 $ 91,283,901 $ 68,829,162 1,917,335 2,059,913 . 84,664,613 15,889,941 68,774,672 $ 87,066,838 $ 64,743,077 $ d- 2,157,150 $ + 2,168,750 $ 91,283,901 $ 68,829,162 SURPLUSJANUARY 1 . . . . . . . . . TRANSFERRED TO SURPLUS-AS ABOVE . $ 32,914,650 2,157,150 $ SURPLUSDECEMBER 31 $ 35,07 1,800 $ 30,745,900 2,168,750 32.914.650 + . . . . . . . SURPLUS ACCOUNTS . . . . . . . . . .......... . . . . . . . . . . . . . . . . Federal Reserve Bank of Atlanta DIRECTORS CLASS A Elected by Member Banks Term Expires December 31 D. C. WADSWORTH, SR., President, The American National Bank of Gadsden, Gadsden, Alabama . 1967 JOHNW. GAY,President, First National Bank, Scottsboro, Alabama . . . . . . . . . . . . 1968 WILLIAM B. MILLS,President, Florida National Bank of Jacksonville, Jacksonville, Florida . . . 1969 . . . . . CLASS B Elected by Member Banks JAMESH. CROW,JR., Vice President, The Chemstrand Corporation, Decatur, Alabama . . . . . . . 1967 . . . . 1968 . . . . 1969 HARRY T. VAUGHN, President, United States Sugar Corporation, Clewiston, Florida . . . . PHILIPJ. LEE,Vice President, Atlantic Coast Line Railroad Company, Jacksonville, Florida CLASS C Appointed by the Board of Governors of the Federal Reserve System (Chairman), President, Atlanta Newspapers, Inc., Atlanta, Georgia . JACKTARVER, . . . . . . . . 1967 EDWINI. HATCH,(Deputy Chairman), President, Georgia Power Company, Atlanta, Georgia JOHNA. HUNTER,President, Louisiana State University, Baton Rouge, Louisiana . . . . . . 1968 . . . . . . . 1969 OFFICERS HAROLD T. PATTERSON, President; MONROEKIMBREL, First Vice President; J. E. MCCORVEY, Vice President and Cashier; CHARLES T. TAYLOR, Vice President and Director of Research: HARRY BRANDT, Vice PresidentResearch; JOHNT. HARRIS,Vice President; BROWN R. RAWLINGS, Vice President; RICHARD A. SANDERS, Vice President; R. M. STEPHENSON, Vice President; R. DEWITTADAMS, General Auditor. DAVIDK. BALDWIN, Assistant Vice President; N. CARSONBRANAN, Assistant Vice President; W . M. DAVIS, Assistant Vice President; C. MASONFORD,Assistant Vice President; BILLY H. HARGETT,Assistant Vice President; GEORGEHIBBERT,Assistant Counsel; B. E. HOWARD,Assistant Vice President; GEORGEW . SHEFFER, JR., Chief Examiner and Assistant Vice President; JAMESR. SMITH,Assistant Counsel. J. B. FORBES,Assistant Cashier; J. LYLEHARDIN,Assistant Chief Examiner; ERIC B. HINGST,Assistant Cashier; KENNETH J. KEARNEY, Assistant Cashier; HARRYC. SCHIERING,Assistant General Auditor. 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 Term Expires December 31 C. CALDWELL MARKS,(Chairman), Chairman, Owen-Richards Company, Inc., Birmingham, Alabama 1967 EUGENEC. GWALTNEY, JR., Vice President and General Superintendent, Russell Mills, Inc., Alexander City, Alabama . . . . . . . . . . . . 1968 MAYSE. MONTGOMERY, General Manager, Dixie Home Feeds Company, Athens, Alabama . . . 1969 Appointed by the Board of Directors, Federal Reserve Bank of Atlanta President, Peoples Bank and Trust Company, Selma, Alabama . . . . . . . 1967 REX J. MORTHLAND, . . . . . . . . . . . 1967 Headland, Alabama . . . 1968 C. WILLARDNELSON,President, State National Bank, Decatur, Alabama MAJORW. ESPY,SR., Chairman and President, Headland National Bank, WILL T. COTHRAN, President, Birmingham Trust National Bank, Birmingham, Alabama . . . . . 1969 OFFICERS E. C. RAINEY,Vice President and Manager; WM. A. WALLER,JR., Assistant Vice President and Cashier; MARVINW. STEWART, Assistant Cashier; WILLIAMH. THOMAS, Assistant Cashier. Jacksonville Branch DIRECTORS Appointed by the Board of Governors of the Federal Reserve System DOUGLASM. PUTT, (Chairman), President, National City Lines, Inc., Tampa, Florida . . . . . . 1967 . . . . . . . . . . . . . . . 1968 HENRYKING STANFORD, President, University of Miami, Coral Gables, Florida . . . . . . . . 1969 CASTLEW. JORDAN, President, Ryder System, Inc., Miami, Florida Appointed by the Board of Directors, Federal Reserve Bank of Atlanta WILLIAM R. BARNETT, Chairman of the Board, The Barnett National Bank of Jacksonville, Jacksonville, Florida . . . . . . . . . . DUDLEYCOLE,President, Florida First National Bank at Ocala, Ocala, Florida . 1967 . . . . . . . . . 1967 ANDREWP. IRELAND, Chairman and President, American National Bank, Winter Haven, Florida . . 1968 L. V. CHAPPELL,President, First National Bank of Clearwater, Clearwater, Florida . . . . . . . . 1969 OFFICERS T. A. LANFORD, Vice President and Manager; T. C. CLARK,Assistant Vice President; VESTUSL. CROW, Assistant Vice President and Cashier, S. J. STACKLIN, Assistant Cashier. Nashville Branch DIRECTORS Appointed by the Board of Governors of the Federal Reserve System Term Expires December 31 . . . . . . . . 1967 ALEXANDER HEARD,Chancellor, Vanderbilt University, Nashville, Tennessee . . . . . . . . . . 1968 JAMESE. WARD,President, Baird-Ward Printing Company, Inc., Nashville, Tennessee . . . . . . 1969 ROBERTM. WILLIAMS,(Clrairman), President, ARO, Inc., Tullahoma, Tennessee ~ I I I I Appointed by the Board of Directors, Federal Reserve Bank of Atlanta SIDNEYN. BROWN,President, Union National Bank, Fayetteville, Tennessee . . . . . . . . . 1967 J. A. HILL, President, Hamilton National Bank, Morristown, Tennessee . . . . . . . . . . . . 1967 MOSESE. DORTON, Chairman and President, First National Bank, Crossville, Tennessee . . . . . 1968 ANDREW BENEDICT, President, First American National Bank, Nashville, Tennessee . . . . . . . . 1969 OFFICERS R. E. MOODY,JR., Vice President arid Matlager; W. H. SEWELL,Assistant Vice President, J. J. WELLS, Assistant Vice President, STUART H. MAGEE,AssisfarifCashier. New Orleans Branch DIRECTORS Appointed by the Board of Governors of the Federal Reserve System KENNETHR. GIDDENS, President, WKRG-TV, Inc., Mobile, Alabama . . . . Term Expires December 31 . . . . , . . . . 1967 FRANK G . SMITH, JR., (Chairman), Vice President, Mississippi Power and Light Company, Jackson, . 1968 Mississippi . . . . . . . . . . . .. GEORGEBENJAMINBLAIR,General Manager, American Rice Growers Cooperative Association, Lake Charles, Louisiana . . . . . . . . 1969 Appointed by the Board of Directors, Federal Reserve Bank of Atlanta . . . . . , . 1967 W. RICHARD WHITE, President, First National Bank of Jefferson Parish, Gretna, Louisiana . . . . . 1967 DONALD L. DELCAMBRE, President, State National Bank, New Iberia, Louisiana . . . . . . . . . 1968 A. L. GOTTSCHE,President, First National Bank, Biloxi, Mississippi . . . . . . . . . . . . . . 1969 ROBERTM. HEARIN, President, First National Bank of Jackson, Jackson, Mississippi OFFICERS M. L. SHAW,Vice President arid Manager; L. Y . CHAPMAN, Assistant Vice President arid Assistant Manager; A. H. KANTNER, Assistant Vice Pri>sident;R. M. JUNCA, Assistant Cashier.
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