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FEDERAL
RESERVEBANK
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.

MALCOLMBRYAN,
President

STATEMENT OF CONDITION
ASSETS
GOLDCERTIFICATES
. . . . . . . . . . . . . . . . .
REDEMPTION
FUNDFOR FEDERAL
RESERVENOTES . . . .
FEDERAL
RESERVENOTESO F OTHER BANKS . . . . . . .
OTHERCASH . . . . . . . . . . . . . . . . . . . .
TOTAL
CASH . . . . . . . . . . . . . . . . . .
DISCOUNTS
AND ADVANCES
. . . . . . . . . . . . . .
U . S. GOVERNMENT
SECURITIES. . . . . . . . . . . .
TOTALLOANSAND SECURITIES . . . . . . . . . .
OTHERASSETS:
CASHITEMS
IN PROCESS
OF COLLECTION. . . . . .
BANKPREMISES
(NET)
. . . . . . . . . . . . .
ALL OTHER . . . . . . . . . . . . . . . . . .
TOTAL
OTHERASSETS . . . . . . . . . . . . .
TOTAL ASSETS . . . . . . . . . . . . . .
LIABILITIES
FEDERAL
RESERVENOTES . . . . . . . .
DEPOSITS
:
MEMBERBANKRESERVEACCOUNTS. .
U. S. TREASURER-GENERAL
ACCOUNT.
FOREIGN. . . . . . . . . . . . . .
OTHER . . . . . . . . . . . . . . .
TOTALDEPOSITS . . . . . . . . .
OTHERLIABILITIES:
DEFERRED
AVAILABILITY
CASH ITEMS .
ALL OTHER . . . . . . . . . . . .
TOTALOTHERLIABILITIES . . . . .
TOTAL LIABILITIES . . . . .

December 31.1964

December 31.1963

$ 733.006. 880

$ 729.636.
6 3 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.
5 1 0
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.
4 9 8
63.197. 724
8.800.000
5.513.553
$ 993.758.
7 7 5

.

.
.
.

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

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

$ 527.646.829

. . . . . . .

$ 564.943. 353

. . . . . . .

$3.709.613. 714

37.296. 524

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

CAPITAL ACCOUNTS
CAPITAL PAID IN . . . . . . . . .
SURPLUS. . . . . . . . . . . . .
TOTAL
CAPITALACCOUNTS. . .
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

TOTALCURRENTEARNINGS
. . . . . . . . . . . . . . .
NET EXPENSES. . . . . . . . . . . . . . . . . . . .
CURRENTNET EARNINGS. . . . . . . . . . . . . .

$

4b

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

$

8

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

ADDITIONSTO CURRENT
NET EARNINGS:

PROFIT
ON SALESOF U. S. GOVERNMENT
SECURITIES
(NET)
. . . . . . . . . . . . . . .
ALL OTHER . . . . . . . . . . . . . . . . . . .
TOTALADDITIONS . . . . . . . . . . . . . . . .
DEDUCTIONS
FROM CURRENT
NET EARNINGS. . . . . . . .
NET ADDITIONS (+) DEDUCTIONS(-)
. . . . . . . .
NET EARNINGS
BEFOREPAYMENT
TO U. S. TREASURY
. . . .
PAYMENTS
TO U. S. TREASURY
(INTEREST
ON F. R. ROTES) .
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
TO SURPLUS-AS ABOVE . . . . . . . . . .
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,
SR., President, The American National Bank of

Term Expires
December 31

. . .
.. .

.
.

.

. . . . .

,

.. .. .

. . .
. . .

CLASS B
Elected by Member Banks

. . . . . . . . . . . . 1965
W. MAXEYJARMAN,
Chairman, Genesco, Inc., Nashville, Tennessee . . . . . . . . . . . . . . . . . . 1966
JAMES
H. CROW,JR., Vice President, The Chemstrand Corporation, Decatur, Alabama . . . . . . . . . 1967
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
JOHNA. HUNTER,President, h u i s i a n a State University, Baton Rouge, Louisiana . . . . . . . . . . 1966
JACKTARVER,(Chairman), President, Atlanta Newspapers, Inc., Atlanta, Georgia . . . . . . . . . . . . 1967

OFFICERS
MALCOLM
BRYAN,President; HAROLD
T. PATTERSON,
First Vice President and General Counsel; J. EMORY
MCCORVEY,
Vice President and Cashier; R. DEWITTADAMS,General Auditor; HARRYBRANDT,
Vice PresidentB. RAISTY,Vice President; BROWN
R. RAWLINGS,
Vice President; RICHARD
A. SANDERS,
Associate
Research; LLOYD
General Auditor; ROBERTM. STEPHENSON,
Vice President; CHARLES
T. TAYLOR,
Vice President and Director
of Research.
C. MASONFORD,
Assistant Vice President; JOHN T. HARRIS,Assistant Vice President; GEORGEHIBBERT,
Assistant Counsel; BEYRLE. HOWARD,Assistant Vice President; F. HERBERT
MARTIN,Assistant Vice President; GEORGE
W . SHEFFER,
JR., Chief Examiner and Assistant Vice President; EDGARM. VALLETTE,
Assistant
Vice President.
N. CARSONBRANAN,
Assistant Cashier; FRED
I. BRECK,Assistant Cashier; W. M. DAVIS, Assistant Cashier;
J. B. FORBES,
Assistant Cashier; J. LYLE HARDIN,Assistant Chief Examiner; ERIC HINGST,Assistant Cashier;
DUANEHOOVER,Assistant Cashier; ARTHURH. KANTNER,
Assistant Cashier; BASIL A. WAPENSKY,
Assistant
J. WELLS,Assistant Cashier.
Cashier; JEFFREY




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
C. GWALTNEY,
JR., Vice President and General Superintendent, Russell Mills, Inc.,
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. CALVINSMITH,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,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

Term Expires
December 31

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

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

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

HARRYT. VAUGHN,
President, United States Sugar Corporation, Clewiston, Florida

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

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

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

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

WILLIAMR. 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

OFFICERS

T. A. LANFORD,
Vice President and Manager; DOWDELL
BROWN,JR., Assistant Vice President; T. C. CLARK,
Assistant Vice President; VESTUSL. CROW,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
D. HOLT,(Chairman), President, University of Tennessee, Knoxville, Tennessee

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

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

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

. . . . . . . . . . . . . . . 1965
WILLIAMF. EARTHMAN,
JR., President, Commerce Union Bank, Nashville, Tennessee . . . . . . . . . . . 1966
SIDNEY
N. BROWN,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.

R. E. MOODY,JR.,

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

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 . . . . . . . . . . . . . . . . . . . . . . . . . .
KENNETHR. GIDDENS,
President, WKRG-TV, Inc., Mobile, Alabama.

....

1966

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

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

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

. . . . . . . . .1965

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

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

. . . . . . . 1967

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