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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
......