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FEDERAL




0'

SEVENTEEN

FEDERAL
RESERV
O F ATLANTA

To the Stockhlders of the
Federal Reserve Bank of Atlanta:
In order that you may be fully informed as to the condition
of your bank on December 31, 1931, 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 1931,
the enclosed statement and information has been compiled.

I w m this to be something mure than a formal statement
of condition. Please take the information of operations as
evidence of our service to our member banks a.nd of our desire

to be of greater service to them in 1932.
The complete report of the year’s operations which
mitted to the Federal Reserve Board by Mr. Oscar 1
Chairman of our Board of Directors, is 1u)2u in process 0.
ration and will be mailed to you.




Sincerely yours,

Governo

STATEMENT OF CONDITION-DECEMBER

31. 1931

RESOURCES
GOLDWT FEDERAL
IH
RESERVE
AGENT

GOLDREDEMPTION
FUND .

. . . . . .

. . . . . . . . .

.
.
.
.
.

.
.
.
.
.

TOTAL
BILLSAND SECURITIES . .
BANKS . . .
.
DUEFROM FOREIGN
F. R. NOTES OTHERF. R. BANKS
OF
.
UNCOLLECTED
ITEMS . . . . .
.
BANKPREMISES . . . . . .
ALL OTHER
RESOURCES . . . .
TOTAL RESOURCES . .

.
.
.
.
.
.
.

.
.
.
.
.
.
.

$ 62,924,786.49

. . . . . .

$120,626,030.00

.
.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.

2,724,902.61

GOLD
HELDEXCLUSIVELY
AGAINST. R. NOTES .
F
Gom SETTLEMENT WITH F. R. BOARD . .
FUND
.
Gom AND GOLD'CERTIFICATESEELD BANK. .
BY
TOTAL
GOLDRESERVES . . . . . . .
.
RESERVES
OTHER
THANGOLD. . . . . . .
TOTAL
RESERVES . . . . . . . . .
.
NON-RESERVE
CASH . . . . . . . . .
BILLSDISCOUNTED:
SECUREDU. S. GOVERNMENT
BY
OBLIGATIONS .
.
OTHER
BILLSDISCOUNTED . . . . . .
.
TOTAL
BILLSDISCOUNTED . . . . . .
.
BILLSBOUGHT OPENMARKET . . . . .
IN
.
U. S. GOVERNMENT
SECURITIES:
BONDS . . . . . . . . . . . .
.
TREASURY
NOTES. . . . . . . . . .
CERTIFICATES BILLS. . . . . . . .
AND
TOTAL . S. GOVERNMENT
U
SECURITIES . . .
.
OTHERSECURITIES . . . . . . . . .

.
.
.
.
.
.
.

.
.
.
.
.
.
.

$ 91,800,000.00

. .

. .
. .
. .

$ 94,524,902.61

7,416,111.52
7,619,521.03
$109,560,535.16
6,061,492.00
$115,622,027.16
4,368,121.01
$ 4,048,941.91

30,853,041.75
$ 34,901,983.66

13,235,152.83
6,520,450.00
380,200.00
7,037,000.00
$ 13,937,650.00

850,000.00
311,830.79
1,230,000.00
11,838,643.59
2,488,640.53
3,111,475.08
$201,895,524.65

LIABILITIES
F. R. NOTES ACTUAL
IN
CIRCULATION
.

DEPOSITS
:
MEMBER
BANKS-RESERVE ACCOUNT.
GOVERNMENT . . . . . . .
.
FOREIGN
BANKS . . . . . . .
OTHER
DEPOSITS . . . . . .
.
TOTAL
DEPOSITS . . . . . .
.
DEFERRED
AVAILABILITY
ITEMS . . .
CAPITAL
PAID
IN . . . . . . .
SURPLUS . . . . . . . . .
.
ALL OTHERLIABILITIES. . . . .
TOTAL LIABILITIES




. . . . .

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

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

.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

$ 46,367,559.92

2,047,452.17
2,766,900.59
171,785.87
$ 51,353,698.55

12,000,176.84
5,158,250.00
10,448,658.03
2,308,711.23
$201,895,524.65

STATEMENT OF PROFIT AND LOSS A
DISTRIBUTION OF EAR1
For the Year Ending December 31

NET EARNINGS
JANUARY1931 THROUGH
1,
DECEMBER
31,1931

. . . .

$

211,040.21

DISTRIBUTION EARNINGS:
OF
BANK PREMISES-DEPRECIATION..
RESERVE PROBABLE
FOR
LOSSES .
.

. . . .
. . . .

$

84,007.47

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

127,032.74
$

211,041).21

SURPLUS ACCOUNT
BALANCE CLOSEOF PREVIOUS . . . . . .
AT
YEAR
DIVIDENDS
PAID . . . . . . . . . . . .
DEPRECIATION
RESERVE UNITEDSTATES
ON
SECURITIES
.
BALANCE CLOSE CURRENT
AT
OF
YEAR

.
.
.
. . . . . .

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

RATIO OF CURRENT NET EARNINGS
FOR YEAR 1931 TO:

AVERAGE
PAIDINCAPITAL, 4.0%.
AVERAGE
PAID CAPITALAND SURPLUS,
IN
1.3%.
AVERAGE
PAIDIN CAPITAL,SURPLUS MEMBER
AND
BANKS
RESERVE
DEPOSI'




.
.
.
.

$10,857,310.05
313,246.96
95,405.06
$lO,M,658.03

VOLUME O F BUSINESS
TRANSACTED BY THE PRINCIPAL DEPARTMENTS O F THE
FEDERAL RESERVE BANK O F ATLANTA
DURING THE YEAR 1931

BILLS
DISCOUNTED
.

. . . . . . . . . . .

ACCEPTANCES
PURCHASED
.

CURRENCY
RECEIVED
AND

. . . . . . . . .
COUNTED . . . . . . .

COINRECEIVED COUNTED.
AND

. . . . . . . .

64,502

$

450,631,102.92

7,741

102,559,547.18

117,567,242

465,356,299.00

66,269,794

CHECKS
€€ANDLED :
(a) ALLCHECKS-EXCEPT GOVERNMENT
.

(b) U. S. GOVERNMENT
CHECKS

. . . .

26,092,900

7,889,772,000.00

. . . . . . .

2,848,000

337,726,000.00

148,077

119,207,366.64

73,889

2,110,000,643.64

21,835

151,484,850.00

26,700

116,839,600.00

COLLECTION
ITEMS
HANDLED
:
(a) NOTES,
DRAFTS OTHERITEMS.
AND

(b)

. . . . .

u. s. GOVERNMENT COUPONS PAID . . . . . .

( c ) ALLOTHERCOUPONS
PAID.

. . . . . . .
TRANSFERS FUNDS . . . . . . . . . . .
OF
UNITED
STATES
SECURITIES:
(a) NEWISSUES.

. . . . . . . . . . .

(b) REDEMPTIONS
.

. . . . . . . . . .
( c ) EXCHANGES . . . . . . . . . . .
.




DIRECTORS AND OFFICERS
FOR 1932
FEDERAL RESERVE BANK O F ATLAN'
DIRECTORS

NEWTON ..............CHAIRMAN, ATLANTA, GA.
W. .H. KETTIG.....DEPUTY CHAIRMAN, BIRMINGHAM, ALA.
GEO. S. HARRIS..
..................... ..ATLANTA, G
A
.
H. LANE YOUNG..
..................... .ATLANTA, GA.
E. C. MELVIN...........................
.SELMA, ALA.
OSCAR

G. G. WARE.. ................
LEONC. SIMON..
............
J. A. MCCRARY..
.............
J. B. HILL...................

OFFICERS

OSCARNEWTON..........CHA
E. R. BLACK.............................
.GOVERNOR
W. S. JOHNS .......................
DEPUTYGOVERNOR
....
H. F. CONNIFF.
....................DEPUTY GOVERNOR WARDALBERTSON. ASSISTAN
AND SECRETARY OE
W. S. MCLARIN, ..... .ASSISTANT DEPUTY GOVERNOR
JR..
E. P. PARIS..
................
M. W. BELL.. ............................
..CASHIER
..............
R. A. SIMS
........................ ASSISTANTCASHIER J. W. HONOUR
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 K. OITLEY..............MEMBER FEDERAL ADVISORY COUNCIL
ATLANTA, GA.

ROBERTS. PARKER.
..........................

.GENERAL COUNSEL

ATLANTA, GA.

DIRECTORS

NEW ORLEANS BR,ANCH

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.
DIRECTORS

BIRMINGHAM BRANCH

w. H. KETTIG.. ..........CHAIRMAN, BIRMINGHAM, ALA.
ALEX E. WALKER.
................. .BIRMINGHAM,
OSCARWELLS ....................
.BIRMINGHAM,
W. E. HENLN.................... .BIRMINGHAM,
W. W. CRAWFORD.
.................BIRMINGHAM,
J. H. FRYE.
....................... .BIRMINGHAM,
E. F. ALLISON.. .....................
.BELLAMY,
DI RECTORS

FLA.
FLA.
FLA.
FLA.

OFFIC

HUGHFOSTER
............
GEO. S. VARDEMAN, ...
JR..
MARYE. MAHON..
........

FLA.
F.
L
A
FLA.

NASHVILLE BRANCH
OFFIC
JOEL B. FORT,
JR...........
NASHVILLE, TENN.

J. B. HILL.. .......................
JOELB. FORT, .................. NASHVILLE,
JR..

C. A. CRAIG.......................
.NASHVILLE,
PAUL DAVIS....................NASHVILLE,
M.
FRANK HARLE.
J.
...................CLEVELAND,
WM. P. RIDLEY..
....................COLUMBIA,
C. W. BAILEY.....................CLARKSVILLE,
SAVANNAH AGENCY

TENN.
TENN.
TENN.
TENN.
TENN.
TENN.

J. H. BOWDEN
............................. MANAGER
JAS. A. GOETHE
..................ASSISTANTMANAGER




OFFICERS

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

JACKSONVILLE BRANCH

FULTON
SAUSSY
........CHAIRMAN, JACKSONVILLE,
HUGHFOSTER
................... .JACKSONVILLE,
JACKSONVILLE,
JNO. C. COOPER.. ................
EDW.W. LANE.
...................JACKSONVILLE,
ARTHURF. PERRY..
...............JACKSONVILLE,
S. 0. CHASE..........................
.SANFORD,
G. G. WARE.........................
.LEESBURG,
DIRECTORS

ALA.
ALA.
ALA.
ALA.
ALA.
ALA.

OFFICERS

MARCUS
WALKER
................
.MANAGING DIRECTOR
J. A. WALKER..
................. .ASSISTANT MANAGER
W. H. BLACK..............................
.CASHIER
F. c. VASTERLING..
................ASSISTANT CASHIER
w. E. MILLER.....................ASSISTANT AUDITOR

E. R. HARRISON.
..........
L. W. STARR..
............

HAVANA

H. C. FRAZER
.............
A. H. ALSTON
............


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102