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STATEMENT OF CONDITION-DECEMBER
RESOURCES
GOLD WITH FEDERAL
RESERVE
AGENT . . . . . .
GOLD REDEMPTION
FUND . . . . . . . . . .
GOLD
HELD
EXCLUSIVELY
AGAINST R. NOTES
F.
GOLDSETTLEMENT WITH F. R. BOARD .
FUND
GOLDAND GOLDCERTIFICATES
HELD BANK .
BY
TOTAL
GOLDRESERVES .
.
RESERVES
OTHER
THAN
GOLD .
TOTAL
RESERVES . . .
NON-RESERVE
CASH . . .

3,974,312.14
$100,351,337.14
12,856,312.26
5,138,507.50

. . .

. . .
~

$118,346,156.90
9,362,398.00

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

$127,708,554.90
4,178,239.76

. . . . . . . .

BILLS DISCOUNTED:
SECURED U. S. GOVERNMENT
BY
OBLIGATIONS
.
.
OTHER
BILLSDISCOUNTED . . . . . .

.
.
TOTAL
BILLS
DISCOUNTED . . . . . . .
.
BILLS BOUGHT OPENMARKET . . . . . . .
IN
U. S. GOVERNMENT
SECURITIES:
BONDS . . . . . . . .
NOTES . . . . .
TREASURY
CERTIFICATES INDEBTEDNESS
OF
.

.
.
.
.

$

9,467,665.24
31,552,740.92

$ 41,020,406.16

32,001,713.37

. . . . . .

1,563,700.00
4,310,850.00
1,380,300.00

. . . . . .

. . . . . .
TOTAL S. GOVERNMENT
U.
SECURITIES . . . . .
TOTAL
BILLS AND SECURITIES . . . . . . .
.

BANKS
DUE FROM FOREIGN
UNCOLLECTED
ITEMS . .
BANKPREMISES . . .
.
ALL OTHERRESOURCES
.

$ 96,377,025.00

. . .

. . . . . . . .

3 1 I 1928

~

$

7,254,850.00
80,276,969.53
30,573.91
22,454,557.24
2,744,175.18
1,489,169.65

. . . . . . . . .

. . . .
. . . .
. . . .
TOTAL RESOURCES . . .

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

$238,882,240.17

. . . . .

$134,966,025.00

L AB I LIT 1ES
1

F. R. NOTES IN ACTUAL
CIRCULATION.
DEPOSITS:
MEMBERBANKS-RESERVE
ACCOUNT .
GOVERNMENT . . . . . . .
FOREIGN
BANKS. . . . . . .
OTHER
DEPOSITS . . . . . .
.

.
.
.
.
TOTAL
DEPOSITS . . . . . . .
DEFERRED
AVAILABILITY
ITEMS . . . .

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.

$ 63,384,742.34

1,94,445.58
273,215.30
140,035.53

.
CAPITALPAID
IN . . . . . . . . . . . .
SURPLUS
. . . . . . . . . . . . . .
ALL OTHER LIABILITIES . . . . . . . . .
.

65,742,438.75
21,360,852.85
5,231,400.00
10,554,277.92
1,027,245.65

. . . . . . . .

$238,882,240.17

TOTAL LIABILITIES




;

STATEMENT OF PROFIT AND LOSS ACCOUNT SHOWING
DISTRIBUTION OF EARNINGS

For the Year Ending December 31,1928

NET EARNINGS
JANUARY 1928 THROUGH
1,
DECEMBER 1928, LESS
31,
CHARGES
FOR DEPRECIATION.
ETC. . . . . . . . . . . ,

$

1,693.984.79

$

312,259.06

DISTRIBUTIONEARNINGS
OF
:

DIVIDENDS FOR PERIOD
PAID
JANUARY 1928 THROUGH
1,
DECEMBER
31,
. . .
1928 (670) . . . . . . . . . . . . .

.

. . . . . . . . .
UNITED
STATES
GOVERNMENT . . . . .
.

TRANSFERRED
TO SURPLUS
ACCOUNT
FRANCHISE PAIDTO
TAX

. .

558,424.37
823,301.36
$

1,693,984.79

RATIO OF CURRENT NET EARNINGS
FOR YEAR 1928 TO:

I/

AVERAGE IN CAPITAL, 32.670.
PAID
AVERAGEPAIDIN CAPITALAND SURPLUS,
11.1%.

AVERAGE
PAID CAPITAL,
IN
SURPLUS MEMBER
AND
BANKS
RESERVE
DEPOSITS,
2.170.




VOLUME O F BUSINESS TRANSACTED BY THE PRINCIPAL
DEPARTMENTS O F THE FEDERAL RESERVE BANK OF
ATLANTA DURING THE YEAR 1928

1

Pieces

BILLSDISCOUNTED
.

. . . . . . . . . . .

ACCEPTANCES
PURCHASED .
.
CURRENCY

RECEIVED
AND

CHECKSHANDLED .

60,4+73

$ 1,326,633,686.07

. . . . . . . .

10,098

116,720,861.38

. . . . . . .

122,279,626

536,362,226.00

COUNTED

COINRECEIVED COUNTED.
AND

Amount

. . . . . . . .

60,994,04*1

. . . . . . . . . . .

8,248,826.00
-#

( a ) ALL CHECKS-NOT INCLUDING
GOVERNMENT

CHECKS .

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

29,560,000

11,776;738,000.00

. . . . . . .

1,824,000

199,094,000.00

(b) U. S. GOVERNMENT
CHECKS

COLLECTION
ITEMSHANDLED.

. . . . . . . .

. . . . .
(b) U. S. GOVERNMENT
COUPONSPAID . . . . .
( c ) ALL OTHERCOUPONS
PAID . . . . . . .

130,940

158,269,717.72

663,102

6,074,181.82

23,799

4,943,027.60

. . . . . . . . . . .

85,470

2,296,725,347.72

. . . . . . . . . . .

27,990

118,985,650.00

(b) REDEMPTIONS

. . . . . . . . . . .

122,236

105,265,837.60

.
(c) EXCHANGES

. . . . . . . . . . .

19,190

12,507,200.00

(a)

NOTES,
DRAFTS,
AND

TRANSFER FUNDS
OF

OTHER ITEMS

UNITED
STATES
SECURITIES
.
(a)

NEW ISSUES




. . . . . . . .

DIRECTORS AND OFFICE
FOR 1929
FEDERALRESERVEBANKOF,
DIRECTORS

OSCARNEWTON
......... ..CHAIRMAN, ATLANTA, GA.
W. 13. KETTIG. .DEPUTY CHAIRMAN, BIRMINGHAM, ALA.
..
GEO. S. HARRIS..
..................... .ATLANTA, GA.
H. LANEYOUNG.
...................... .ATLANTA, GA.
E. C. MELVIN..
....................... ..SELMA, ALA.

G. G. WARE.
...
LEONC. SIMON.
J. A. MCCRARY.
...................... .DECATUR, GA.
LUKE LEA .......................
.NASHVILLE, TENN.

OFFICERS

....... CHAIRMAN OF THE BOARD AND
E. R. BLACK.
........................... .GOVERNOR OSCARNEWTON.
HUGHFOSTER
..................... DEPUTYGOVERNOR
FEDERAL RESERVE AGENT
..ASSISTANT FEDERAL RESERVE AGENT
CREEDTAYLOR
....................DEPUTY GOVERNOR WARDALBERTSON.
M. W. BELL
............................... CASHIER
AND SECRETARY O F T H E BOARD O F DIRECTORS
R. A. SIMS.
..................... .ASSISTANT CASHIER W. S.JOHNS. ..................... .GENERAL AUDITOR
H. F. CONNIFF................... .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
J. P. BUTLER, ........ .MEMRER FEDERAL ADVISORY COUNCIL,
JR..
NEW ORLEANS, LA.

RANDOLPH PARKER.
AND
....................GENERAL

COUNSEL,

ATLANTA, GA.

DIRECTORS

NEW ORLEANS BRANCH

J,EON C. SIMON.
........ .CHAIRMAN, NEW ORLEANS, LA.
................. .NEW ORLEANS, LA,
MARCUS
WALKER
R. S. HECHT
..................... .NEWORLEANS,LA.
P. H. SAUNDERS.
.................. .NEW ORLEANS, LA.
J. E. BOUDEN, .................NEW ORLEANS, LA.
JR..
F. W. FOOTE.
.................... HATTIESBURG, MISS.
A. P. BUSH.. ........................
..MOBILE, ALA.
DIRECTORS

W. H. KETTIG.
......... .CHAIRMAN,

BIRMINGHAM BRANCH
BIRMINGHAM, ALA.

..............BIRMINGHAM, ALA.
OSCAR
WELLS....................
.BIRMINGHAM, ALA.
W. E. HENLEY.
....................BIRMINGHAM, ALA.
W. W. CRAWFORD.
................BIRMINGHAM,,ALA.
J. H. FRYE.
...................... .BIRMINGHAM, ALA.
E. F. ALLISON.
..................... ..BELLAMY, ALA.
DIRECTORS

SAVANNAH AGENCY

J. H. BOWDEN
............................ MANAGER
JAS. A. G O E T H h . ............... ..ASSISTANTMANAGER

OFFICERS

W. S ~\ICLARIN, JR.. ............. .MANAGING DIRECTOR
.
GEO. S. VARDEMAN, ....................
JR..
.CASHIER
MARYE. MAHON................. .ASSISTANT CASHIER

NASHVILLE BRANCH

LUKE LEA ............. .CHAIRMAN, NASHVILLE, TENN.
JOEL B. FORT, ................. ..NASHVILLE,TENN.
JR
E. A. LINDSEY
.....................NASHVILLE,TENN.
J. E. CALDWELL.
.................. .NASHVILLE, TENN.
PAUL DAVIS.
M.
.................. .NASHVILLE, TENN.
WM. P. RIDLEY.
................... .COLUMBIA, TENN.
VACANCY.......................................




ALEXE. WALKER.
................MANAGING DIRECTOR
H. J. URQUHART.
.......................... .CASHIER
T. N. KNOWLTON.
................ .ASSISTANT CASHIER

JACKSONVILLE BRANCH

FULTON
SAUSSY
....... .CHAIRMAN, JACKSONVILLE; FLA.
W. S. MCLARIN, ..............JACKSONVILLE, FLA.
JR..
JNO. C. COOPER.
.................JACKSONVILLE, FLA.
EDW.W. LANE..
................ .JACKSONVILLE, FLA.
ARTHUR F. PERRY.
.............. .JACKSONVILLE, FLA.
G. G. WARE.........................
.LEESBURG, FLA.
S. 0. CHASE..
........................ SANFORD, FLA.
DIRECTORS

OFFICERS

MARCUSWALKER............... .MANAGING DIRECTOR
J. A. WALKER.
.................. .ASSISTANT MANAGER
W. €1. BLACK.
............................. CASHIER
F. C. VASTERLING.
.................ASSISTANT CASHIER
W. E. MILLER.
...................ASSISTANT AUDITOR

OFFICERS

.............. .MANAGING
HARRISON.
.......
STARR
...........

JOEL FORT,
B.
JR..
E. R.
L. W.

HAVAN

L. L. MAGRUDER
........
H. c. FRAZER
..........

DIRECTOR