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FEDERAL RESERVE BANK OF ATLANTA FEDERAL RESERVE BANK O F ATLANTA , FEDERAL RESERWE BANK O F ATLANTA b FEDERAL RESERVE BANK OF t ATLANTA FEDERRL RESERVE BANK O F ATLANTA x FEDERAL OI To the Stockholders of the Federal Reserve Bank of Atlanta: I n order that you may be fully informed as to the condition of your bank on December 31, 1932, and may be advised as to its earnings for the past year and the apportionment of those earnings, and may know of the scope of its operations in 1932, 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 1933. The complete report of the 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 prepail ration and w l be mailed to you. Sincerely yours, & & Goventor. STATEMENT OF CONDITION-DECEMBER 31, 1932 RESOURCES GOLDWITH FEDERAL RESERVE AGENT GOLDREDEMPTION FUND . . . . . . . . . . . . . . . . GOLD HELDEXCLUSIVELY AGAINSTF. R. NOTES GOLD SETTLEMENT WITH F. R. BOARD . FUND . GOLD GOLD AND CERTIFICATES BY BANK . HELD TOTAL GOLD RESERVES . . RESERVES OTHER THAN GOLD. TOTAL RESERVES . . . . NON-RESERVE . . . . CASH . . . . . . . . . . . . . . . . . . . . BILLS DISCOUNTED: SECURED U. S. GOVERNMENT BY OBLIGATIONS . OTHERBILLSDISCOUNTED . . . . . . TOTAL BILLS DISCOUNTED . . . . . . BILLSBOUGHT OPENMARKET. . . . . IN U. S. GOVERNMENT SECURITIES: BONDS . . . . . . . TREASURY NOTES . . . . CERTIFICATES BILLS . . . AND . . . . . . 2,877,784.10 ~~ . $ 64,877,784.10 8,185,671.80 . 9,103,054.24 . $ 82,166,510.14 5,060,420.00 . . . . . . . . . . . . . . . . . . . 5,018,061.23 $ 14,949,148.64 . . . . . . . $ 87,226,930.14 $ 1,063,&57.87 10,280,450.00 8,110,400.00 29,012,700.00 . . . . . . TOTAL S. GOVERNMENT U. SECURITIES . . OTHERSECURITIES . . . . . . . TOTAL BILLSAND SECURITIES . . . . DUEFROM FOREIGN . . . . . . BANKS F. R. NOTESOF OTHER R. BANKS. . . F. UNCOLLECTED ITEMS. . . . . . . BANKPREMISES . . . . . . . . . ALL OTHERRESOURCES . . TOTAL RESOURCES . . . . . . $ 62,000,000.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,885,290.77 3,439,026.48 $ 47,403,550.00 500,000.00 $ 66,291,725.12 110,292.59 1,239,250.00 11,198,987.04 2,422,127.33 4,164,362.12 . . . . . . . . . . . . . . . . $177,671,735.57 LIABILITIES I F. R. NOTES ACTUAL IN CIRCULATION . . DEPOSITS : MEMBER BANKS-RESERVE ACCOUNT. GOVERNMENT . . . . . . . . FOREIGN BANKS . . . . . . . OTHER DEPOSITS. . . . . . . TOTAL DEPOSITS. . . . . . . DEFERRED AVAILABILITY ITEMS . . . CAPITALPAID IN . . . . . . . SURPLUS . . . . . . . . . . ALL OTHERLIABILITIES . . . . . TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 97,139,030.00 $ 49,759,853.63 158,826.10 774,857.48 1,056,099.83 $ 51,749,637.04 10,747,157.93 4,679,250.00 10,544+,063.09 2,812,597.51 $177,671,735.57 STATEMENT O F P DISTRIBUTION OF EARNINGS For the Year Ending December 31,1932 NETEARNINGS JANUARY 1,1932, THROUGH DECEMBER 1932 31, . . . . . $858,282.18 DISTRIBUTION EARNINGS: OF . RESERVE DEPRECIATION FOR ON BANKBUILDINGS, LOSSES FAILED BANKS,ETC.. DIVIDENDS FOR PERIOD PAID JANUARY 1, 1932, THROUGH DECEMBER 1932 31, $292,544.55 565,737.63 $858,282.18 RATIO OF CURRENT NET EARNINGS FOR YEAR 1932 TO: AVERAGE ID IN CAPITAL, 17.6%. P A AVERAGE PAID CAPITAL IN AND SURPLUS, 5.6%. AVERAGE IN CAPITAL, PAID SURPLUS MEMBER AND BANKS RESERVE DEPOSIT, V O L U M E OF BUSINESS TRANSACTED BY THE PRINCIPAL DEPARTMENTS O F THE FEDERAL RESERVE BANK OF ATLANTA DURING THE YEAR 1932 Number BILLS DISCOUNTED . . . . . . . . . . . . 60.615 $ 691,777,425.75 . . . . . . . . 1.569 17,635,928.84 . . . . . . . 101.834.824 389,651,381.00 . . . . . . . . . 70.817.445 8,293,079.54 ACCEPTANCES PURCHASED. . CURRENCY . RECEIVED AND COUNTED COIN RECEIVED AND COUNTED Amount CHECKS HANDLED: (a) ALLCHECKS-EXCEPT GOVERNMENT . . (b) U. S. GOVERNMENT CHECKS . . . 21.661.751 5,~7,209,000.00 . . . . . . . 3.188.800 374,486,000.00 COLLECTION ITEMS HANDLED : (a) NOTES. DRAFTS OTHERITEMS AND . . . . . . 164.914 112,730,663.70 (b) U. S. GOVERNMENT COUPONSPAID . . . . . 440. 621 7,099,426.10 . . . . . . . 23. 166 15.721,496.40 . . . . . . . . . . 68.556 1,589,238,496.57 43.527 96,571,250.00 5.354 22,999,300.00 28.871 76,527,000.00 (c) ALL OTHERCOUPONS PAID TRANSFERS FUNDS . OF UNITED STATES SECURITIES: (a) NEW ISSUES . . . . . . . . . . . . (b) REDEMPTIONS. . . . . . . . . . . ( c ) EXCHANGES . . . . . . . . . . . . DIRECTORS AND FOR 193 FEDERAL RESERVE BAr D I RECTOR OSCAR NEWTON............. .CHAIRMAN, ATLANTA, GA. W. H. KETTIG.. .DZPUTY CHAIRMAN, BIRMINGHAM, ALA. .. GEO. S. HARRIS.. ...................... .ATLANTA, G.A H. LANE YOUNG.. ..................... .ATLANTA, GA. E. C. MELVIN.......................... SELMA, ALA. G. G. LEON J. A. J. B. OFFICERS E. R. BLACK. ............................ .GOVERNOR OSCAR NEWTON..........CHAIRMAN OF THE BOARD AND .DEPUTY GOVERNOR W. S. JOHNS.. .................... FEDERAL RESERVE AGENT H. F. CONNIFF.................... .DEPUTY GOVERNOR WARDALBERTSON .ASSISTANT FEDERAL RESERVE AGENT .. W. S. MCLARIN, ......ASSISTANT DEPUTY GOVERNOR JR.. AND SECRETARY O F T H E BOARD OF DIRECTORS M. W. BELL ............................... .CASHIER E. P. PARIS ........................ GENERALAUDITOR R. A. SIMS. ...................... .ASSISTANT CASHIER J. W. HONOUR.. ..................ASSISTANT AUDITOR V. K. BOWMAN.. ..................ASSISTANT CASHIER C. R. CAMP.. .................... .ASSISTANT CASHIER P. L. T. BEAVERS. .................ASSISTANT CASHIER S. P. SCHUESSLER. .................ASSISTANT CASHIER L. M. CLARK. .................... .ASSISTANT CASHIER JOHN OTTLEY..............MEMBER FEDERAL ADVISORY COUNCIL K. ATLANTA, GA. ROBERT PARKER S. ............................ GENERALCOUNSEL ATLANTA, GA. NEW ORLEANS BRANCH DIRECTORS LEONC. SIMON.. ........ .CHAIRMAN, NEW ORLEANS, LA. MARCUS WALKER..................NEW ORLEANS, LA. R. S. HECHT.. .....................NEW ORLEANS, LA. P. H. SAUNDERS. ...................NEW ORLEANS, LA. J. D. O'KEEFE..................... .NEW ORLEANS, LA. F. W. FOOTE.. ...................HATTIESBURG, MISS. A. P. BUSH........................... .MOBILE, ALA. DI RECTORS BIRMINGHAM BRANCH w.H. KETTIG........... .CHAIRMAN, BIRMINGHAM, ALA. J. H. RYE.. ...................... BIRMINGHAM, ALA. OSCAR WELLS.................... .BIRMINGHAM, W. E. HENLEY.. .................. .BIRMINGHAM, W. W. CRAWFORD. .................BIRMINGHAM, JOHN G. FARLEY. ..................BIRMINGHAM, E. F. ALLISON........................ .BELLAMY, DIRECTORS J. B. HILL...............CHAIRMAN, ALA. ALA. ALA. ALA. ALA. FLA. FLA. FLA. FLA. FLA. FLA. FLA. NASHVILLE, TENN. B. FORT, .................. JR.. NASHVILLE, TENN. C. A. CRAIG....................... .NASHVILLE, TENN. PAUL DAVIS.................... M. .NASHVILLE, TENN. FRANK HARLE. J. ..................CLEVELAND, TENN. WM. P. RIDLEY. ....................COLUMBIA, TENN. C. W. BAILEY. ....................CLARKSVILLE, TENN. SAVANNAH AGENCY ............................. MANAGER .................. ASSISTANTMANAGER T. N. OFFICERS .................... .MANAGING DIRECTOR .......................... CASHIER KNOWLTON. ................ .ASSISTANT CASHIER &YE.. URQUHART.. OFFICERS HUGHFOSTER .................. .MANAGING DIRECTOR GEO. S. VARDEMAN, .................... JR.. .CASHIER MARYE. MAHON..................ASSISTANT CASHIER NASHVILLE BRANCH JOEL J. H. BOWDEN JAS. A. GOETHE J. H. H. J. JACKSONVILLE BRANCH 5. 0.CHASE................ .CHAIRMAN, SANFORD, HUGHFOSTER ...................JACKSONVILLE, JNO. C. COOPER.. ................JACKSONVILLE, EDW.W. LANE....................JACKSONVILLE, ARTHUR PERRY. F. ................JACKSONVILLE, FULTON SAUSSY ..................JACKSONVILLE, G. G. WARE.. ....................... .LEESBURG, D I RECTORS OFFICERS MARCUSWALKER ................MANAGING DIRECTOR J. A. WALKER. ...................ASSISTANT MANAGER W. H. BLACK............................... CASHIER F. c. VASTERLING. .................ASSISTANT CASHIER W. E. MILLER. ....................ASSISTANT AUDITOR JOEL FORT, . B. JR.. E. R. HARRISON.. .. L. W. STARR.. ..... HA' H. C. FRAZER ....... A. H. ALSTON ......
