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FEDERAL
RESERVEBANK
OF ATLANTA

TWENTY-FIRST ANNUAL STATEMENT




D E C E M B E R 31, 1935

FEDERAL
RESERVE
BANK
OF ATLANTA

January 23, 1936.

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, 1935, 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 1935,
the enclosed statement and information has been compiled.
The complete report of the year’s operations, which is submitted to the Board of Governors of the Federal Reserve System,

is now in process of preparation and will be mailed to you.




Sincerely yours,

Governor.

Statement of Condition-December

31. 1935

RESOURCES
GOLDCERTIFICATES HAND DUE FROM
ON
AND
U . S. TREASURY. . . . . . . . . . . . . . . . . $173,298,313.49
REDEMPTION
FUND-FEDERAL RESERVE
NOTES. . . . . .
2.868. 56LE.76
OTHERCASH. . . . . . . . . . . . . . . . . . . .
12,057,337.32
TOTAL
RESERVES. . . . . . . . . . . . . . . . .
BILLS DISCOUNTED:
SECURED U . S. GOVERNMENT
BY
OBLIGATIONS.
DIRECT
AND/OR FULLY
GUARANTEED . . . . . . . . . . $
.
OTHERBILLSDISCOUNTED . . . . . . . . . . . .
.
TOTAL
BILLS DISCOUNTED . . . . . . . . . . . . $
.
BILLS BOUGHT OPENMARKET . . . . . . . . . . .
IN
.
INDUSTRIAL
ADVANCES . . . . . . . . . . . . . . .
.
U. S. GOVERNMENT
SECURITIES:
BONDS . . . . . . . . . . . . . . . . . . . . .
TREASURY
NOTES . . . . . . . . . . . . . . . . .
TREASURY . . . . . . . . . . . . . . . . .
BILLS
.
TOTAL . S. GOVERNMENT
U
SECURITIES. . . . . . . $
TOTAL
BILLSAND SECURITIES. . . . . . . . . . .
.
DUE FROM FOREIGN
BANKS. . . . . . . . . . . . . .
. R . NOTESOF OTHERF. R . BANKS. . . . . . . . . .
F
UNCOLLECTED
ITEMS. . . . . . . . . . . . . . . .
BANKPREMISES . . . . . . . . . . . . . . . . .
.
ALL OTHERRESOURCES . . . . . . . . . . . . . .
.
TOTAL RESOURCES

25,000.00
12,600.00
37,600.00
164,958.06
928,260.16
8,240,000.00
64,596,000.00
21.373.000.00
94,209,000.00

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

LIABILITIES
.
F. R . NOTESIN ACTUAL
CIRCULATION . . . . . . . . .
:
DEPOSITS
MEMBER
BANKS-RESERVEACCOUNT . . . . . . . . $112,539,137.20
.
GOVERNMENT . . . . . . . . . . . . . . . . .
.
1,602,517.28
FOREIGN
BANKS . . . . . . . . . . . . . . . . .
1,047,718.70
OTHERDEPOSITS . . . . . . . . . . . . . . . . .
6,166,158.48
TOTALDEPOSITS . . . . . . . . . . . . . . . .
DEFERRED
AVAILABILITY
ITEMS. . . . . . . . . . . .
CAPITAL
PAID . . . . . . . . . . . . . . . . . .
IN
SURPLUS
(SECTION . . . . . . . . . . . . . . . .
7)

SURPLUS
(SECTION
13b) . . . .
RESERVE CONTINGENCIES .
FOR
.
ALL OTHERLIABILITIES. . . .

$188,224,215.57

$ 95,339,818.22

23,925.14
1,643,800.00
23,282,718.23
2,284,137.31
1.449.603.57

$156,385,170.00

$121,355,531.66
21,336,335.53
4,167,950.00
5,615,773.64
754,301.92
2,606,308.38
26,846.91
$312,248,218.04

...........
...........
...........
TOTAL LIABILITIES . . . . . . . . . . .
RATIO TOTAL
OF
RESERVES DEPOSIT F. R . NOTELIABILITIESCOMBINED . .
TO
AND
.
67.8%
COMMITMENTS MAKEINDUSTRIAL
TO
ADVANCES . . . . . . . . . . . . . . . $498,198.00
.




Distribution of Net Income

NETAMOUNT
AVAILABLE DEPRECIATION,
FOR
RESERVES,
DIVIDENDS
AND SURPLUS . . . . . . . . . . . . . . . . . . . . . . . .

....

$483,138.09

DISTRIBUTION
:
DEPRECIATION
RESERVES
(BANK BUILDINGS).
.

..............
OTHERRESERVES . . . . . . . . . . . . . . . . . . . . . . . . . .
.
DIVIDENDS
PAID

90,177.06

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

TO
OF
STATES EARNINGSFUNDS
FOR
ON
PAID THE TREASURERTHE UNITED
FROM
ERTR
(SECTION 13-b) . .
RECEIVED THE S C E A Y OF THE TREASURY

l

$ 47,293.27

260,537.74

...
TRANSFERRED
TO SURPLUS (SECTION 7) . . . . . . . . . . . . . . . . . .




9,065.91
76.064.11

$483,138.09

Volume of Business

Transacted By the Principal Departments of the
Federal Reserve Bank of Atlanta
During the Year 1935
Number

BILLS DISCOUNTED
.

................
INDUSTRIAL
ADVANCES . . . . . . . . . . . . . . .
.
CURRENCY
RECEIVED COUNTED . . . . . . . . . .
AND
.
COIN RECEIVED COUNTED . . . . . . . . . . . .
AND
.

463

Amount
$

2,721,746.26

81

635,097.10

107,482,866

368,730,557.00

58,990,470

7,467,154.00

......

28,532,123
10,390,601

7,830,898,000.00
777,930,373.60

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

207,055

218,683,451.28

358,437

6,7@,407.43

........

335,313

3,025,201.42

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

42,305

1,439,833,421.58

47,342

117,043,500.00

109,521

98,579,228.75

12,417

71,086,000.00

11,511

14,724,100.00

15,706

17,135,265.00

17,408

4,836,025.00

CHECKS
HANDLED:
(a) ALL CHECKS-EXCEPTGOVERNMENT
.
(b) U. S. GOVERNMENT
CHECKS . . . .
COLLECTION
ITEMS
HANDLED:
(a) NOTES,DRAFTSAND OTHERITEMS
.
(b) U. S. GOVERNMENT
COUPONS
PAID
.

......

(c) COUPONS
PAID
FROM ISSUES OTHER
OF

U. S. GOVERNMENT
AGENCIES
.

OF
TRANSFERS FUNDS

UNITED
STATES
GOVERNMENT
ISSUES:
(a) NEW ISSUES . . . . . . . .
.
(b) REDEMPTIONS. . . . . . .
.
(c) EXCHANGES. . . . . . . .
.

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

OTHERISSUES-GOVERNMENT
(
INSTRUMENTALITIES)
:
(a) NEW ISSUES
(b) REDEMPTIONS . . . . . . . . . . . . . .
..

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

(c)

EXCHANGES.
.




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

Federal Reserve Bank of Atlanta
DIRECTORS
(VACANCY)
Chairman
W. H. KETTIG,
Birmingham, Alabama
Deputy Chairman
&NEST T. GEORGE,New Orleans, Louisiana
J. P. ALLEN,Atlanta, Georgia
Chairman and President, Seaboard Refining
Vice-president, J. P. Allen & Company
Company, Ltd.
R. G. CLAY,Atlanta, Georgia
J. A. MCCRARY,
Decatur, Georgia
President, Fulton National Bank
Vice-president and Treasurer, The J. B. McCrary
Company, Atlanta, Georgia
W. D. COOK,Meridian, Mississippi
Executive Vice-president, First National Bank
FITZGERALD HALL, Nashville, Tennessee
President, Nashville, Chattanooga & St. Louis
J.
GEORGE WHITE, Mount Dora, Florida
Railway
Executive Vice-president, First National Bank

OFFICERS
OSCAR
NEWTON,
Governor

H. F. CONNIFF,
Deputy Governor

H. WARNER
MARTIN,Deputy Governar
W. S. McLARIn,
M. W. BELL, Cashier
R. A. SIMS,
Assistant Cmhier

Assistant Deputy Governor
P. L. T. BEAVERS,
Assistant Cashier
V. K. BOWMAN,
Assistant Cashier
S. P. SCHUESSLER,
Assistant Cashier
C. R. CAMP,Assistant Cmhier
JR.,

ROBT. S. PARKER,
General Counsel

OFFICERS OF FEDERAL RESERVE AGENT’S FUNCTION
(VACANCY)
Federal Reserve Agent

-J. W.

L. M. CLARK,Assistant Federd Reserve Agent
E. P. PARIS,
General Auditor

HONOUR,
Assistant Auditor

MEMBER OF FEDERAL ADVISORY COUNCIL
H. LANEYOUNG
Vice-president and Executive Manager
Citizens and Southern National Bank
Atlanta, Georgia

INDUSTRIAL ADVISORY COMMITTEE
SANFORD,
Chairman
President and Chairman
Armour Fertilizer Works
Atlanta, Georgia
A. M. LOCKETT
A. R. FORSYTH,
Vice-Chairna
President, A. M. Lockett & Company, Ltd.
Vice-president and Treasurer
Gulf States Steel Company
New Orleans, Louisiana
Birmingham, Alabama
I. C. MILNER
GEORGE
WINSRIP
Executive Vice-president
Gate City Cotton Mills
President, Fulton Supply Company
Atlanta, Georgia
Atlanta, Georgia




JNO. E.

New Orleans Branch of Federal Reserve Bank of Atlanta
DIRECTORS

A. P. BUSH

ERNEST GEORGE,
T.
Chuinnan
Chairman and President
Seaboard Refining Company, Ltd.
New Orleans, Louisiana
J. D. O'KEEFE
President, Whitney National Bank
New Orleans, Louisiana
R. S. HECHT
Chairman of the Board
Hibernia National Bank in
New Orleans, Louisiana

Vice-president
T. G. Bush Grocery Company
Mobile, Alabama
HERBERT
HOLMES
Active Vice-president
Delta National Bank
Yazoo City, Mississippi
(VACANCY)

Manuging Director
MARCUS
WALKER,

OFFICERS
MARCUS
WALKER,
Managing Director

W. H. BLACK,
Cushier

J. A. WALKER,
Assistant Manager

F. C . VASTERLING,
Assistant Cashier

W. E. MILLER,
Assistant Auditor

Birmingham Branch of Federal Reserve Bank of Atlanta
DIRECTORS
E. F. ALLISON, Chairman

JNO.

G.FARLEY
Real Estate Investments
Birmingham, Alabama

President and Treasurer
Allison Lumber Company
Bellamy, Alabama

F. M. MOODY
President, First National Bank
Tuscaloosa, Alabama

W. E. HENLEY
President
Birmingham Trust & Savings Company
Birmingham, Alabama
(VACANCY)

(VACANCY)
JNO. H.

FRYE,
Managing Director
OFFICERS

JNO.




H. FRYE,
Managing Director

H. J. URQUAART,
Cashier

T . N. KNOWLTON,
Assistant Cashier

Jacksonville Branch of Federal Reserve Bank of Atlanta
DIRECTORS
S. 0 CHASE, C h u i m n
.
President, Chase & Company
Sanford, Florida
BAYLESS HAYNES
W.
President
Wilson & Toomer Fertilizer Company
Jacksonville, Florida

G. G. WARE
President
First National Bank
Leesburg, Florida
GEO. J. AVENT
President
Florida National Bank
Jacksonville, Florida

W. R. MCQUAID
President
Barnett National Bank
Jacksonville, Florida
(VACANCY)

GEO. S. VARDEMAN, Managing Director
JR.,

OFFICERS
T. A. LANFORD,
Cashier

GEO. S. VARDEMAN, Manuging Director
JR.,
MARY MAHON,
E.
Assistant Cashier

Nashville Branch of Federal Reserve Bank of Atlanta
DIRECTORS

FRANKHARLE
J.

WM. P. RIDLEY,
Chairman

Cashier, Cleveland National Bank
Cleveland, Tennessee

Farmer
Columbia, Tennessee
C. W. BAILEY
President, First National Bank
Clarksville, Tennessee

C. A. CRAIG
President
National Life and Accident Insurance Company
Nashville, Tennessee

FITZGERALD
HALL
President
Nashville, Chattanooga & St. Louis Railway
Nashville, Tennessee
JOEL

(vACANCY)

B. FORT, Managing Director
JR.,

OFFICERS
JOEL

B. FORT, Managing Director
JR.,

E. R. HARRISON,
Cashier

L. W. STARR,
Assistant Cashier

Savannah Agency of Federal Reserve Bank of Atlanta
J. H. BOWDEN,
Manager

JAS. A.

GOETHE,
Assistant Manager

Havana Agency of Federal Reserve Bank of Atlanta
H. C. FRAZER,
Manager




A. H. ALSTON,
Assistant Manager