The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
JAN 1 4 1966 FEDERAL RESERVE BAN OF ATLANTA FIFTY-FIRST ANNUAL STATEMENT January 14,1966 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, 1965, and December 31, 1964, together with a comparative statement of earnings and expenses for the years 1965 and 1964. HAROLD T. PATTERSON, President L 4 .. STATEMENT OF CONDITION * 4- ASSETS . . GOLDCERTIFICATES December 31,1965 $ 661,489,930 . . . . . . . . . . . . . . . . FUND FOR FEDERAL RESERVE Noms REDEMPTION FEDERAL RESERVE NOTESOF OTHERBANKS. . . OTHERCASH . . . . . . . . . . . . . . . . . ‘c IC- TOTALCASH . . . . . . . DISCOUNTS AND ADVANCES . . . U. S. GOVERNMENT SECURITIES . * b . . . . . . . . . . . . . . BANKPREMISES (NET) . ALL OTHER . . . . . 4 98,860,540 78,544,000 13,200,897 . . . . . . . . . . . . . . . . . . . . . . . . . . . $ . . 95,011,455 62,750,000 13,412,901 $ 852,095,367 $ 904,181,236 15,719,000 2,3 13,981,000 $2,329,700,000 20,342,000 2,082,426,000 $2,102,768,000 . . . . . . $ 775,873,903 $ 714,422,300 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,329,218 18,346,815 54,898,468 31,387,163 $ 851,101,589 $ 764,156,278 $4,032,896,956 $3,771,105314 $2,256,623,531 $2,084,906,977 $1,084,442,445 14,132,387 8,850,000 13,422,893 $1,120,847,725 $ 993,100,402 . . . . . . . . TOTALLOANS AND SECURITIES . . . . . . OTHERASSETS: CASHITEMSIN PROCESS OF COLLECTION . 2 . . . . . December 31,1964 $ 733,006,880 TOTALOTHERASSETS . TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ LlABILIT1ES FEDERAL RESERVE NOTES. . . . . . . . . . . . . . . . : DEPOSITS MEMBERBANK RESERVE ACCOUNTS. . RAL . U. S. T R E A S U R E R ~ E N EACCOUNT FOREIGN. . . . . . . . . . . . . . OTHER . . . . . . . . . . . . . . . TOTALDEPOSITS . . . . . . . . . . . . . . . . . . . . . . : OTHERLIABILITIES DEFERRED AVAILABILITY CASHITEMS. ALLOTHER . . . . . . . . . . . . . . . . . . . . . . . . . . $ 579,168,268 $ 527,646,829 10,428,132 37,296,524 . . . . . . . . . . . . . . . . . . . . . . $ 589,596,400 $ 564,943,353 $3,967,067,656 $3,709,613,714 TOTALOTHERLIABILITIES. TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . 48,126,044 12,320,000 6,216,938 $1,059,763,384 C CAPITAL ACCOUNTS 4 CAPITAL PAID IN . . . . . . . . . . . . . . . . . . . SURPLUS . . . . . . . . . . . TOTAL CAPITAL ACCOUNTS. . . . . . . . . . . . . . . . . . . . . . . . TOTAL LIABILITIES AND CAPITAL ACCOUNTS . I . . . . . . . . . . $ 32,914,650 $ 30,745,900 $ 32,914,650 65,829,300 $ 30,745,900 61,491,800 $4,032,896,956 $3,771,105,514 /I c EARNINGS AND EXPENSES 1964 1965 TOTAL CURRENT EARNINGS. . . . NET EXPENSES .......... CURRENT NET EARNINGS . . . . . . . . . . . . . . .......... . . . . . . . . . . . $ 84,664,613 15,889,941 $ $ 68,774,672 $ 74,146,196 14,431,237 59,714,959 ADDITIONSTO CURRENT NET EARNINGS: PROFITON SALESOF U. S. GOVERNMENT . . . . . . . . . . . . . . . ALL OTHER . . . . . . . . . . . . . . . . . . . TOTAL ADDITIONS. . . . . . . . . . . . . . . . . DEDUCTIONS FROM CURRENT NET EARNINGS . . . . . . . . NET ADDITIONS ( + ) DEDUCTIONS (-) . . . . . . . . . NET EARNINGS BEFOREPAYMENT TO u. s. TREASURY . . . . DIVIDENDS PAID . . . . . . . . . . . . . . . . . . . PAYMENTS TO U. S. TREASURY (INTEREST ON F. R. NOTES) . SECURITIES (NET) TRANSFERRED TO SURPLUS ACCOUNT NET ADDITIONS( +) DEDUCTIONS (-) SURPLUS ACCOUNTS SURPLUS JANUARY 1 . . . . . . . . . . . . . . . . . . . . . . . . . TRANSFERRED TO SURPLUS-AS ABOVE . . . . . . . . . . SURPLUS DECEMBER 31 . . . . . . . . . . . . . . . . $ $ $ $ $ 55,939 55,939 1,449 54,490 68,829,162 + $ $ 1,917,335 $ 64,743,077 $ 33,498 9,070 42,568 55,638 - 13,070 59,701,889 1,774,674 82,807,715 $ + 2,168,750 $ 68,829,162 $ 59,701,889 $ 30,745,900 $ 55,626,400 $ 2,168,750 32,914,650 $ - 24,880,500 - 24,880,500 $ 30,745,900 Federal Reserve Bank of Atlanta CLASS A Elected by Member Banks Term Expires December 31 . . . . . . . . . . . 1966 D. C. WADSWORTH, SR., President, The American National Bank of Gadsden, Gadsden, Alabama . . 1967 JOHNW. GAY,President, First National Bank, Scottsboro, Alabama . . . . . . . . . . . . . . 1968 GEORGES. CRAFT, Chairman, Trust Company of Georgia, Atlanta, Georgia . CLASS B Elected by Member Banks W. MAXEYJARMAN,Chairman, Genesco, Inc., Nashville, Tennessee . . . . . . . JAMESH. CROW,JR., Vice President, The Chemstrand Corporation, Decatur, Alabama HARRY T. VAUGHN, President, United States Sugar Corporation, Clewiston, Florida . . . . . . . 1966 . . . . . . . 1967 . . . . . . . 1968 . CLASS c Appointed by the Board of Governors of the Federal Reserve System . . . . . . . . . 1966 JACKTARVER, (Chairman), President, Atlanta Newspapers, Inc., Atlanta, Georgia . . . . . . . . . 1967 EDWINI. HATCH,(Deputy Chairman), President, Georgia Power Company, Atlanta, Georgia . . . . 1968 JOHNA. HUNTER,President, Louisiana State University, Baton Rouge, Louisiana OFFICERS HAROLDT. PATTERSON, President; MONROEKIMBREL,First Vice President; J. E. MCCORVEY, Vice President and Cashier; R. DEWITT ADAMS,General Auditor; HARRYBRANDT,Vice President-Research; BROWNR. RAWLINGS,Vice President; RICHARD A. SANDERS,Associate General Auditor; R. M. STEPHENSON,Vice President; CHARLES T. TAYLOR, Vice President and Director of Research: EDGARM. VALLETTE, Vice President. W. M. DAVIS, Assistant Vice President; C. MASONFORD,Assistant Vice President; J. T. HARRIS, Assistant Assistant Vice President; B. E. Vice President; GEORGEHIBBERT,Assistant Counsel; DUANEL. HOOVER, HOWARD, Assistant Vice President; F. H. MARTIN, Assistant Vice President; G. GALEROBERSON, Assistant Counsel; GEORGEW. SHEFFER,JR., Chief Examiner and Assistant Vice President. J. B. FORBES, Assistant Cashier; J. LYLE HARDIN,Assistant Chief Examiner; ERIC B. HINGST,Assistant J. Cashier; ARTHURH. KANTNER,Assistant Cashier; BASIL A. WAF-ENSKY,Assistant Cushier; 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 Term Expires December 31 MAYSE. MONTGOMERY, General Manager, Dixie Home Feeds Company, Athens, Alabama . . . . 1966 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 Appointed by the Board of Directors, Federal Reserve Bank of Atlanta . . . 1966 . . . . 1967 . . . . 1967 Alabama . . . 1968 . JOHNA. HAND,President, The First National Bank of Birmingham, Birmingham, Alabama . . . . C. WILLARDNELSON,President, State National Bank of Alabama, Decatur, Alabama . . . REX J. MORTHLAND, President, Peoples Bank and Trust Company, Selma, Alabama MAJORW. ESPY, SR., Chairman and President, Headland National Bank, Headland, OFFICERS E. C. RAINEY,Vice President and Manager; WM. A. WALLER,JR., Assistant Vice President and Cashier; MARVIN W. 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 . . . . . . . . 1966 . . . . . . . . . . . 1967 CASTLEW. JORDAN, President, Ryder System, Inc., Miami, Florida . . . . . . . . . . . . . . . 1968 3. OLLIE EDMUNDS,(Chairman), President, Stetson University, DeLand, Florida DOUGLAS M. PRATT,President, National City Lines, Inc., Tampa, Florida . Appointed by the Board of Directors, Federal Reserve Bank of Atlanta WILLIAMH. DIAL,President, The First National Bank at Orlando, Orlando, Florida . . . . . . . 1966 WILLIAMR. BARNETT, Chairman of the Board, The Barnett National Bank of Jacksonville, Jacksonville, Florida . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1967 DUDLEY COLE,President, Florida First National Bank at Ocala, Ocala, Florida . . . . . . . . . . 1967 ANDREWP. IRELAND, Chairman and President, American National Bank, Winter Haven, Florida . . 1968 OFFICERS T. A. LANPORD, Vice President and Manager; T. C. CLARK,Assistant Vice President; DOWDELL BROWN,JR., Assistant Vice President; V E ~ L.S 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 JAMESE. WARD,(Chairman), President, Baird-Ward Printing Company, Inc., Nashville, Tennessee . 1966 . . . . . . . . . . . . . . 1967 Nashville, Tennessee . . . . . . . . . . 1968 ROBERTM. WILLIAMS, President, ARO, Inc., Tullahoma, Tennessee ALEXANDER HEARD,Chancellor, Vanderbilt University, Appointed by the Board of Directors, Federal Reserve Bank of Atlanta . . . . . . 1966 . . . . . . . . . . 1967 . . . . . . . . . . 1967 JR., President, Commerce Union Bank, Nashville, Tennessee WILLIAMF. EARTHMAN, SIDNEYN. BROWN,President, Union National Bank, Fayetteville, Tennessee I. A. HILL, President, Hamilton National Bank, Morristown, Tennessee .. . MOSESE. DORTON,Chairman and President, First National Bank, Crossville, Tennessee . . . . 1968 OFFICERS R. E. MOODY,JR., Vice President and Manager; W. H. SEWELL,Assistant Vice President; L. W . STARR, Cashier; STUARTH. MAGEE,Assistant Cashier. New Orleans Branch DIRECTORS Appointed by the Board of Governors of the Federal Reserve System GEORGE BENJAMINBLAIR, General Manager, American Rice Growers Cooperative Association, Lake Charles, Louisiana. . . . . . . . . . . . . KENNETHR. GIDDENS, (Chairman), President, WKRG-TV, Inc., Mobile, Alabama Term Expires December 31 . . . . . . . . 1966 . . . . . . . . 1967 . FRANK G. SMITH,JR., Vice President, Mississippi Power and Light Company, Jackson, Mississippi 1968 Appointed by the Board of Directors, Federal Reserve Bank of Atlanta . . 1966 . . 1967 . . 1967 . . . . . 1968 L. Y.FOOTE, President, First National Bank of Hattiesburg, Hattiesburg, Mississippi . . . . . ROBERTM. HEARIN, President, First National Bank of Jackson, Jackson, Mississippi . . . . . . W. RICHARDWHITE, President, First National Bank of Jefferson Parish, Gretna, Louisiana . . DONALDL. DELCAMBRE, President, State National Bank, New Iberia, Louisiana . . . . OFFICERS M. L. Sm w , Vice President and Manager; L. Y . CHAPMAN, Assistant Vice President and Assistant Manager; N. CARSONBRANAN, Assistant Vice President; R. M. JTJNCA,Assistant Cushier.
@FedFRASER