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

1976

54,689,311

Current Net Earnings
Additions to Current Net Earnings:

$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 (— ...........................
)

39,514
1,970,220

-16,168,089

Net Earnings Before Payment to U. S. Treasury

1,930,706

$252,625,817

+ 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
.
DigitizedWilmore W Whitmore, President and Chief Executive Officer, First National Bank of Houma, Houma, Louisiana
for FRASER