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FEDERAL RESERVE BANK OF ATLANTA SIXTY-SECOND ANNUAL STA TEMENT February 4, 1977 To All Member Banks in the Sixth Federal Reserve District: Presented in this report are a comparative statement of condition of this bank as of December 31, 1975 and 1976, and a comparative statement of earnings and expenses for 1975 and 1976. Also presented are current lists of our directors and senior officers. Monroe Kimbrel President STATEMENT OF CONDITION ASSETS December 31, 1975 December 31, 1976 Gold Certificates ..................................... $ 611,241,099 Special Drawing Rights Certificate Account................................................ 28,000,000 Federal Reserve Notes of Other Banks.... 235,051,852 Other Cash................................................ 43,063,522 T otal..................................................... 917,356,473 Discounts and Advances........................... 37,450,000 U.S. Government Securities...................... 4,527,645,000 Federal Agency Obligations...................... 317,031,000 Total Loans and Securities...................$4,882,126,000 Other Assets: Cash Items in Process of Collection..... 920,911,043 Bank Premises and Capital Equip ment (Net)........................................... 14,384,279 A llO th er....................................................100,112,384 Total Other Assets............................ J_,035,407,706 TOTAL ASSETS.......................... $ 599,154,900 62,000,000 — 39,208,363 700,363,263 2,800,000 4,995,904,000 363,909,000 $5,362,613,000 976,186,267 16,505,256 275,913,590 1,268,605,113 $6,834,890,179 $7,331,581,376 LIABILITIES Federal Reserve Notes ........................... $4,049,153,260 Deposits: Member Bank Reserve Accounts........ 1,577,729,587 Due to Other F.R. Banks — Collected Funds................................ —0— 360,754,736 U.S. Treasurer —General Account..... Foreign................................................ 19,957,600 ° ther..................................................... 39,459,723 Total Deposits................................. 1,997,901.646 Other Liabilities: Deferred Availability Cash Item s....... 496,956,533 A llO th er............................................. 61,967,522 Due to Other FR Banks — Settlement Account.......................... 85.369.818 Total Other Liabilities.................... 644.293.873 TOTAL LIABILITIES................ $3,761,070,897 1,800,764,803 107 095 343 571,639,373 18,’l48!900 59.358.656 2.557.007.075 588,472,274 54641 414 220.276.316 863.390'004 $6,691.348.779 * $ 7 J 8 1,467,976 CAPITAL AND SURPLUS Capital Paid I n ......................................... $ 71,770.700 SurPlus...................................................... .......71,770,700 Total Capital Accounts....................... 143.541.400 TOTAL LIABILITIES AND CAPITAL ACCOUNTS............... $ 75.056.700 75.056.700 150 113 400 5 * $6,834,890,179 $7,331,581,376 EARNINGS AND EXPENSES Total Current Earnings ............................................. 1975 $323,483,217 Net Expenses............................................................ 54,689,311 Current Net Earnings Additions to Current Net Earnings: 1976 $343,049,987 58,724,443 $268,793,906 $284,325,544 Profit on Sales of U. S. Government Securities (N et)................................................. 2,022,793 1,749,001 All Other .............................................................. 218,183 252,395 Total Additions .................................................... .............. 2,240,976 2,001,396 Deductions from Current Net Earnings: Loss on Foreign Exchange Transactions (N et).... 18,376,608 All Other .............................................................. 32,457 Total Deductions.................................................. 18,409,065 Net Additions (+) Deductions (—) ........................... -16,168,089 Net Earnings Before Payment to U. S. Treasury $252,625,817 1,930,706 39,514 1,970,220 + 31,176 $284,356,720 DISTRIBUTION OF NET EARNINGS Dividends Paid........................................................... $ 4,243,371 $ 4,431,159 Payments to U.S. Treasury (Interest on F.R. Notes) 245,102,596 276,639,562 Transferred to Surplus Account Net Additions (+) Deductions (—) ....................... +3,279,850 +3,286,000 Total Earnings Distributed........................................ $252,625,817 $284,356,721 SURPLUS ACCOUNT Surplus January 1 ..................................................... $ 68,490,850 Transferred to Surplus —As Above.......................... Surplus December 3 1 ................................................ 3,279,850 $71,770,700 $ 71,770,700 3,286,000 $75,056,700 SENIOR OFFICERS and DIRECTORS as of January 1977 Monroe Kimbrel, President ATLANTA OFFICE Kyle K. Fossum, First Vice President Arthur H. Kantner, Senior Vice President H. G. Pattillo, (Chairman), Chairman, Pattillo Construction Company, Inc., Decatur, Georgia Clifford M. Kirtland, Jr., (Deputy Chairman), President, Cox Broadcasting Corporation, Atlanta, Georgia Fred Adams, Jr., President, Cal-Maine Foods, Inc., Jackson, Mississippi Ulysses V. Goodwyn, Executive Vice President, Southern Natural Resources, Inc., Birmingham, Alabama Robert D. Hornbeck, Manager—Tennessee Operations, Aluminum Company of America, Alcoa, Tennessee George W. Jenkins, Chairman, Publix Super Markets, Inc., Lakeland, Florida Jack P. Keith, President, First National Bank, West Point, Georgia John T. Oliver, Jr., President, First National Bank, Jasper, Alabama Sam I. Yarnell, Chairman, American National Bank & Trust Company, Chattanooga, Tennessee FEDERAL ADVISORY COUNCIL MEMBER Frank A. Plummer, Chairman of the Board, First Alabama Bank of Montgomery, N. A., Montgomery, Alabama BIRMINGHAM BRANCH Hiram J. Honea, Vice President William H. Martin, III, (Chairman), Executive Vice President, Martin Industries, Florence, Alabama Harold B. Blach, Jr., President, Blach’s, Inc., Birmingham, Alabama Drury Flowers, President, First Alabama Bank of Dothan, Dothan, Alabama Frank P. Samford, Jr., Chairman of the Board, Liberty National Life Insurance Company, Birmingham, Alabama Martha H. Simms, Huntsville, Alabama D. C. Wadsworth, Jr., President, American National Bank of Gadsden, Gadsden, Alabama Robert H. Woodrow, Jr., Vice Chairman, Board of Directors, Alabama Bancorporation, Birmingham, Alabama JACKSONVILLE BRANCH E. C. Rainey, Senior Vice President Gert H. W. Schmidt, (Chairman), President, TeLeVision 12 of Jacksonville, Jacksonville, Florida William E. Arnold, Jr., President, William E. Arnold Company, Jacksonville, Florida DuBose Ausley, President and Chief Executive Officer, Capital City First National Bank, Tallahassee, Florida John T. Cannon, III, President, Barnett Bank of Cocoa, N. A., Cocoa, Florida Richard E. Ehlis, President, Florida National Bank at Lakeland, Lakeland, Florida James E. Lyons, President, Lyons Industrial Corporation, Winter Haven, Florida Copeland D. Newbern, President and Owner, Newbern Groves, Inc., Tampa, Florida MIAMI BRANCH W. M. Davis, Vice President David G. Robinson, (Chairman), President, Edison Community College, Fort Myers, Florida Harry Hood Bassett, Chairman of the Board, Southeast First National Bank of Miami, Miami, Florida Alvaro Luis Carta, President, Gulf + Western Americas Corporation, Vero Beach, Florida Jean McArthur Davis, President, McArthur Dairy, Inc., Miami, Florida Castle W. Jordan, President, Aegis Corporation, Coral Gables, Florida Aristides Sastre, President, Republic National Bank, Miami, Florida Sherrill E. Woods, President, First National Bank and Trust Company of Naples, Naples, Florida NASHVILLE BRANCH Jeffrey J. Wells, Vice President John C. Bolinger, Jr., (Chairman), Management Consultant, Knoxville, Tennessee Cecelia Adkins, Executive Director, Sunday School Publishing Board, Nashville, Tennessee John W. Andersen, President and Chief Executive Officer, First National Bank of Sullivan County, Kingsport, Tennessee W. M. Johnson, President, First National Bank, Sparta, Tennessee Robert C. H. Mathews, Jr., President, R. C. Mathews Contractors, Inc., Nashville, Tennessee Virgil H. Moore, Jr., President, First Farmers and Merchants National Bank, Columbia, Tennessee Frank C. Thomas, Executive Vice President, Blue Diamond Coal Company, Knoxville, Tennessee NEW ORLEANS BRANCH Jack Guynn, Vice President George C. Cortright, Jr., (Chairman), Partner, George C. Cortright Company, Rolling Fork, Mississippi Edwin J. Caplan, President, Caplan’s Men’s Shops, Inc., Alexandria, Louisiana Hettie Dawes Eaves, Executive Vice President, Avondale Shipyards, Inc., New Orleans, Louisiana George P. Hopkins, Jr., President, George P. Hopkins, Inc., Gulfport, Mississippi R. B. Lampton, Vice Chairman, First National Bank, Jackson, Mississippi Martin C. Miler, Chairman of the Board and President, The Hibernia National Bank, New Orleans, Louisiana W. Whitmore, President and Chief Executive Officer, First National Bank of Houma, Houma, Louisiana DigitizedWilmore for FRASER
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