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