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FEDERALRESERVEBANK OF ATLANTA TWENTIETH ANNUAL STATEMENT DECEMBER 31, 1934 FEDERALRESERVEBANK OF ATLANTA January 22, 1935. To the Stockholders 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, 1934, and m y 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 1934, the enclosed statement and information has been compiled. I want this to be something more than a formal statement of condition. Please tQke the information of operaions as evidence of our service to our member banks and of our desire to be of greater service to them in 1935. The complete report of the year’s operations which is submitted to the Federal Reserve Board, is now in process of preparation a d will be mailed to you. Sincere1y yours, &2GZ+&c Governor. STATEMENT OF CONDITION-DECEMBER 31 . 1934 RESOURCES GOLDCERTIFICATES ON HAND AND DUEFROM U. S. TREASURY . . . . . . . . . . . . . . REDEMPTION FUND-FEDERAL RESERVENOTES. . . . . OTHERCASH . . . . . . . . . . . . . . . . TOTALRESERVES. . . . . . . . . . . . . . BILLSDISCOUNTED : SECURED BY U. S. GOVERNMENT OBLIGATIONS. DIRECT AND/OR FULLY GUARANTEED . . . . . . . . . OTHERBILLS DISCOUNTED . . . . . . . . . . . TOTALBILLSDISCOUNTED . . . . . . . . . . . WLLSBOUGHTIN OPENMARKET . . . . . . . . . INDUSTRIAL ADVANCES . . . . . . . . . . . . . U. S. GOVERNMENT SECURITIES : BONDS. . . . . . . . . . . . . . . . . . TREASURY NOTES. . . . . . . . . . . . . . CERTIFICATES AND BILLS . . . . . . . . . . . TOTAL U. S . GOVERNMENT SECURITIES . . . . . . . TOTAL BILLS AND SECURITIES . . . . . . . . . . DUE FROM FOREIGN BANKS . . . . . . . . . . . F.R . NOTESOF OTHERF R . BANKS. . . . . . . . . UNCOLLECTED ITEMS. . . . . . . . . . . . . BANKPREMISES . . . . . . . . . . . . . . . ALL OTHERRESOURCES. . . . . . . . . . . . TOTAL RESOURCES . . . . . . . . . . . $121,475,225.63 3,853,183.15 13,%9,193.54 $139,177,602.32 $ $ 6,000.00 51,246.36 57. 24.36 302,518.65 846,570.91 13,584,300.00 59,308,100.00 21,385,000.00 $ 94,277,400.00 $ 95,483,735.92 28,180.03 1,731,250.00 15,243,063.29 2,325,157.58 1,833,992.03 $255,822,981.17 LIABILITIES F.R. NOTESIN ACTUALCIRCULATION . . . . . . . . $132,968,150.00 DEPOSITS: MEMBERBANKS-RESERVEACCOUNT. . . . . . . $ 84,803,584.15 GOVERNMENT. . . . . . . . . . . . . . . 5,920,909.51 FOREIGN BANKS . . . . . . . . . . . . . . 671,433.68 3,709,426.02 OTHERDEPOSITS. . . . . . . . . . . . . . $ 95,105,353.36 TOTAL DEPOSITS . . . . . . . . . . . . . 14,438,052.71 DEFERRED AVAILABILITY ITEMS. . . . . . . . . . CAPITALPAIDIN. . . . . . . . . . . . . . . 4,367,600.00 SURPLUS (SECTION 7) . . . . . . . . . . . . . 5,539,709.53' SURPLUS (SECTION 13b) . . . . . . . . . . . . 754,301.92 RESERVES FOR CONTINGENCIES 2,595,389.37 . . . . . . . . . . ALL OTHERLIABILITIES . . . . . . . . . . . . 54.42428 $255,822,981.17 TOTAL LIABILITIES . . . . . . . . . . *Decrease of $5,272,031.55 represents bank's subscription to stock of the Federal Deposit Insurance Corporation DISTRIBUTION O F N€T INCOME NETAMOUNTAVAILABLE FOR DEPRECIATION, RESERVES,DIVIDENDS AND SURPLUS. . . . . . . . . . . . . . . . . . . . . . $812,098.16 DISTRIBUTION : DEPRECIATION RESERVES(BANKBUILDINGS). . . . OTHER RESERVES. . . . . . . . . . . . . . DIVIDENDS PAID . . . . . . . . . . . . . . SURPLUS (SECTION 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 47,115.00 . . . . . . . . . . . . . . . 2,632.52 109,170.98 264,093.58 3%,351.12 WITHDRAWN FROM : SURPLUS (SECTION 13b) DEDUCT. $812,098.16 VOLUME OF BUSINESS TRANSACTED BY THE PRINCIPAL DEPARTMENTS OF THE FEDERAL RESERVE BANK OF ATLANTA DURING THE YEAR 1934 Amount Number BILLSDISCOUNTED . . . . . . . . INDUSTRIAL ADVANCES . . . . . . . ACCEPTANCES PURCHASED. . . . . CURRENCY RECEIVED AND COUNTED. . . COINRECEIVED AND COUNTED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.448 $ 23,517,027.87 76 912,443.28 253 1,758,292.24 104.486.310 362,955,469.00 55.068.092 7,248,408.64 (a) ALLCHECKS-EXCEPT GOVERNMENT . 25.791.120 6,845,258,000.00 (b) 10.059.000 703,996,000.00 (a) NOTES.DRAFTSAND OTHERITEMS . 191.515 166,014,041.63 (b) 640.034 10,285,377.27 . . . . . . . . 22.879 30,664,492.40 . . . . . . . . . . . . 52.572 1,403,559,783.21 (a) NEWISSUES. 90.030 174,146,775.00 (b) 85.628 72,439,255.00 25.613 72,842,775.00 CHECKSHANDLED : . . . . . U . S. GOVERNMENT CHECKS. . . . . . . . . COLLECTION ITEMSHANDLED: . . . . . U. S. GOVERNMENT COUPONSPAID . . . . . . ( c ) ALLOTHERCOUPONSPAID . TRANSFERS OF FUNDS. UNITED STATES SECURITIES : (C) . . . . . . . . . . . . . REDEMPTIONS . . . . . . . . . . . . . EXCHANGES . . . . . . . . . . . . . . I/II DIRECTORS AND OFFICERS FOR 1935 FEDERAL RESERVE BANK OF ATLANTA DIRECTORS ......................................... CHAIRMAN W. H. KETTIG.... .DEPUTY CHAIRMAN, BIRMINGHAM, ALA. J. P. ALLEN............................ATLANTA, GA. R. G. CLAY........................... .ATLANTA,GA. w. D. C O O K . ....................... .MERIDIAN, MISS. ........................ G. G. WARE. .LEESBURG,FLA. LEONC. SIMON.. ...................NEW ORLEANS, LA. J. A. MCCRARY.. ...................... .DECATUR, GA. VACANCY.. ........................................ OFFICERS ........................ ...... ........................ .................. .CHAIRMAN OF THE BOARD AND ,OSCARNEWTON.......................... .GOVERNOR li H. WARNER MARTIN.. .DEPUTY GOVERNOR FEDERALRESERVEAGENT .ASSISTANT FEDERAL RESERVE AGENT H. F. CONNIFF.. ...................DEPUTY GOVERNOR L. M. CLARK.. AND SECRETARY O F THE BOARD O F DIRECTORS W. S. MCLARIN,JR.. ..... .ASSISTANT DEPUTY GOVERNOR M. W. BELL................................ CASHIER E. P. PARIS GENERALAUDITOR R. A. SIMS. ...................... .ASSISTANT CASHIER J. W. HONOUR. .ASSISTANT AUDITOR V. K. BOWMAN. ...................ASSISTANT CASHIER C. R. CAMP...................... .ASSISTANT CASHIER P. L. T. BEAVERS. .ASSISTANT CASHIER S. P. SCHUESSLER.. .ASSISTANT CASHIER H. LANE YOUNG. .MEMBER FEDERAL ADVISORY COUNCIL .............. ................ ............... ............. ROBERTS. PARKER. .......................... ATLANTA, GA. .GENERAL COUNSEL ATLANTA, GA. DIRECTORS NEW ORLEANS BRANCH LEONC. SIMON.. .........CHAIRMAN, NEW ORLEANS, LA. MARCUSWALKER...................NEW ORLEANS, LA. R. S. HECHT...................... .NEW ORLEANS, LA. J. D. O'KEEFE..................... .NEW ORLEANS, LA. E. T. GEORGE. .................... .NEW ORLEANS, LA. F. W. FOOTE.. ....................HATTIESBURG, MISS. A. P. BUSH............................ .MOBILE, ALA. DIRECTORS MARCUSWALKER,. ................MANAGING DIRECTOR J. A. WALKER. .ASSISTANT MANAGER W. H. BLACK.............................. .CASHIER F. C. VASTERLING. .................ASSISTANT CASHIER W. E. MILLER.. .ASSISTANT AUDITOR .................. .................. BIRMINGHAM BRANCH W. H. KETTIG........... .CHAIRMAN, BIRMINGHAM, ALA. J. H. FRYE.. ...................... .BIRMINGHAM, ALA. OSCARWELLS..................... .BIRMINGHAM, ALA. W. E. HENLEY. ....................BIRMINGHAM, ALA. JOHN G. FARLEY.. .................BIRMINGHAM, ALA. E. F. ALLISON........................ .BELLAMY, ALA. F. M. MOODY .TUSCALOOSA, ALA. J. H. FRYE.. .................... .MANAGING DIRECTOR H. J. URQUHART.. ......................... .CASHIER T. N. KNOWLTON. .ASSISTANT CASHIER ................ ..................... DIRECTORS FULTON SAUSSY. ........CHAIRMAN, JACKSONVILLE BRANCH JACKSONVILLE, FLA. GEO. s. VARDEMAN, JR.. .......... .JACKSONVILLE, FLA. BAYLESS HAYNES. .............JACKSONVILLE, FLA. EDW.W. LANE. .JACKSONVILLE, FLA. GEO. J. AVENT .JACKSONVILLE, FLA. S. 0. CHASE.......................... .SANFORD,FLA. G. G. WARE .LEESBURG, FLA. w. .................. .................. ......................... DIRECTORS NASHVILLE BRANCH VACANCY. ......................................... JOEL B. FORT, JR................... .NASHVILLE, TENN. C. A. CRAIG....................... .NASHVILLE, TENN. PAUL M. DAVIS.....................NASHVILLE, TENN. FRANK J. HARLE....................CLEVELAND, TENN. WM. P. RIDLEY.....................COLUMBIA, TENN. C. W. BAILEY....................CLAAKSVILLE, TENN. SAVANNAH AGENCY J. €1. BOWDEN ............................. MANAGER JAS. A. GOETHE ..................ASSISTANTMANAGER .......... ........................... GEO. S. VARDEMAN, JR.. .MANAGING DIRECTOR T. A. LANFORD. .CASHIER MARYE. MAHON..................ASSISTANT CASHIER B. FORT, JR.. ............... .MANAGING E. R. HARRISON.. .......................... . L. W. STARR.. .............. JOEL HAVANA AC H. C. FRAZER ................ A. H. ALSTON ............... D~RECTOR .CASHIER
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