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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 GOLDWITH FEDERAL RESERVE AGENT GOLDREDEMPTION FUND . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL BILLSAND SECURITIES . . BANKS. . . . DUEFROM FOREIGN F. R. NOTESOF OTHERF. R. BANKS. UNCOLLECTED ITEMS . . . . . . . . . . . . BANKPREMISES ALL OTHERRESOURCES . . . . TOTAL RESOURCES . . . . . . . . . . . . . . . . $ 62,924,786.49 . . . . . . $120,626,030.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,724,902.61 GOLDHELDEXCLUSIVELY AGAINST F. R. NOTES . Gom SETTLEMENT FUND WITH F. R . BOARD . . . Gom AND GOLD'CERTIFICATESEELD BY BANK. . TOTALGOLDRESERVES. . . . . . . . RESERVES OTHERTHANGOLD. . . . . . . TOTAL RESERVES . . . . . . . . . . NON-RESERVE CASH . . . . . . . . . BILLSDISCOUNTED: SECURED BY U. S. GOVERNMENT OBLIGATIONS . . OTHERBILLSDISCOUNTED. . . . . . . TOTALBILLSDISCOUNTED. . . . . . . BILLSBOUGHTIN OPENMARKET. . . . . . U. S. GOVERNMENT SECURITIES: BONDS. . . . . . . . . . . . . TREASURY NOTES. . . . . . . . . . CERTIFICATES AND BILLS. . . . . . . . TOTAL U. S. GOVERNMENT 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. NOTESIN ACTUALCIRCULATION . DEPOSITS : MEMBER BANKS-RESERVE ACCOUNT. GOVERNMENT . . . . . . . . FOREIGN BANKS . . . . . . . OTHERDEPOSITS. . . . . . . TOTALDEPOSITS. . . . . . . DEFERRED AVAILABILITY ITEMS . . . CAPITALPAIDIN . . . . . . . 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 JANUARY 1, 1931 THROUGH DECEMBER 31,1931 . . . . $ 211,040.21 DISTRIBUTION OF EARNINGS: BANK PREMISES-DEPRECIATION.. RESERVEFOR PROBABLE LOSSES. . . . . . . . . . $ 84,007.47 . . . . . . . . . . . . 127,032.74 $ 211,041).21 SURPLUS ACCOUNT BALANCE AT CLOSEOF PREVIOUS YEAR. . . . . . DIVIDENDS PAID . . . . . . . . . . . . DEPRECIATION RESERVEON UNITEDSTATES SECURITIES. BALANCE AT CLOSE OF CURRENT YEAR . . . . . . . . . . . . . . . . . . . . . . . . . RATIO OF CURRENT NET EARNINGS FOR YEAR 1931 TO: AVERAGEPAIDINCAPITAL, 4.0%. AVERAGEPAIDINCAPITALAND SURPLUS, 1.3%. AVERAGEPAIDIN CAPITAL,SURPLUS AND MEMBERBANKS RESERVEDEPOSI' . . . . $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 BILLSDISCOUNTED . . . . . . . . . . . . ACCEPTANCES PURCHASED . CURRENCYRECEIVEDAND . . . . . . . . . COUNTED . . . . . . . COINRECEIVEDAND COUNTED. . . . . . . . . 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 ITEMSHANDLED : (a) NOTES, DRAFTS AND OTHERITEMS. (b) . . . . . u. s. GOVERNMENT COUPONS PAID . . . . . . ( c ) ALLOTHERCOUPONSPAID. . . . . . . . TRANSFERS OF FUNDS . . . . . . . . . . . UNITEDSTATES 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 ....ASSISTAN H. F. CONNIFF.....................DEPUTY GOVERNOR WARDALBERTSON. AND SECRETARY OE W. S. MCLARIN,JR.. ..... .ASSISTANT DEPUTY GOVERNOR 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. MARCUSWALKER................. .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. FLA. FLA. NASHVILLE BRANCH OFFIC JOEL B. FORT, JR........... NASHVILLE, TENN. J. B. HILL.. ....................... JOELB. FORT, JR.................... NASHVILLE, C. A. CRAIG....................... .NASHVILLE, PAULM. DAVIS....................NASHVILLE, FRANK J. HARLE....................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 MARCUSWALKER.................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............
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