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FEDERALRESERVEBANK OF ATLANTA TWENTY-FIRST ANNUAL STATEMENT D E C E M B E R 31, 1935 FEDERAL RESERVEBANK 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 ON HAND AND DUE FROM U . S. TREASURY. . . . . . . . . . . . . . . . . $173,298,313.49 REDEMPTION FUND-FEDERAL RESERVENOTES. . . . . . 2.868. 56LE.76 OTHERCASH. . . . . . . . . . . . . . . . . . . . 12,057,337.32 TOTALRESERVES. . . . . . . . . . . . . . . . . BILLS DISCOUNTED: SECURED BY U . S. GOVERNMENT AND/OR FULLY GUARANTEED .OBLIGATIONS. . . . . . DIRECT ..... $ OTHERBILLSDISCOUNTED. . . . . . . . . . . . . TOTAL BILLS DISCOUNTED. . . . . . . . . . . . . $ BILLS BOUGHTIN OPENMARKET. . . . . . . . . . . . INDUSTRIAL ADVANCES. . . . . . . . . . . . . . . . U. S. GOVERNMENT SECURITIES: BONDS . . . . . . . . . . . . . . . . . . . . . TREASURY NOTES . . . . . . . . . . . . . . . . . TREASURY BILLS . . . . . . . . . . . . . . . . . ........ $ TOTALU. S. GOVERNMENT SECURITIES TOTAL BILLSAND SECURITIES ............ DUE FROM FOREIGN BANKS. . . . . . . . . . . . . . . . F R NOTESOF OTHERF. R . BANKS. . . . . . . . . . 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 ACTUALCIRCULATION DEPOSITS: MEMBERBANKS-RESERVEACCOUNT. . . . . . . . . $112,539,137.20 GOVERNMENT . . . . . . . . . . . . . . . . . . 1,602,517.28 FOREIGN BANKS . . . . . . . . . . . . . . . . . 1,047,718.70 OTHERDEPOSITS . . . . . . . . . . . . . . . . . 6,166,158.48 TOTALDEPOSITS . . . . . . . . . . . . . . . . DEFERREDAVAILABILITY ITEMS. . . . . . . . . . . . CAPITALPAIDIN . . . . . . . . . . . . . . . . . . SURPLUS(SECTION7) . . . . . . . . . . . . . . . . SURPLUS (SECTION 13b) . . . . RESERVEFOR CONTINGENCIES .. 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 . . . . . . . . . . . RATIOOF TOTAL RESERVES TO DEPOSITAND F. R . NOTELIABILITIESCOMBINED. . . 67.8% COMMITMENTS TO MAKEINDUSTRIAL ADVANCES . . . . . . . . . . . . . . . . $498,198.00 Distribution of Net Income NETAMOUNT AVAILABLE FOR DEPRECIATION, RESERVES, DIVIDENDS AND SURPLUS . . . . . . . . . . . . . . . . . . . . . . . . .... $483,138.09 DISTRIBUTION : DEPRECIATION RESERVES(BANK BUILDINGS) .. .............. OTHERRESERVES ........................... DIVIDENDS PAID 90,177.06 ........................... OF THE UNITED STATES FOR EARNINGS ON FUNDS PAIDTO THE TREASURER FROM THE SECRETARY OF THE TREASURY (SECTION 13-b) . . RECEIVED 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 RECEIVEDAND COUNTED ........... COIN RECEIVED AND COUNTED ............. 2,721,746.26 635,097.10 107,482,866 368,730,557.00 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 COLLECTIONITEMSHANDLED: (a) NOTES,DRAFTSAND OTHERITEMS . (b) U. S. GOVERNMENT COUPONSPAID. ...... (c) COUPONSPAIDFROM ISSUES OF OTHER U. S. GOVERNMENT AGENCIES. OF FUNDS TRANSFERS UNITEDSTATES GOVERNMENT ISSUES: (a) NEW ISSUES. . . . . . . . . (b) REDEMPTIONS ........ (c) EXCHANGES ......... ........ ........ ........ OTHERISSUES-(GOVERNMENT INSTRUMENTALITIES) : (a) NEW ISSUES (b) REDEMPTIONS ................ ................. EXCHANGES .. $ 81 CHECKSHANDLED: (a) ALL CHECKS-EXCEPTGOVERNMENT . (b) U. S. GOVERNMENTCHECKS . . . . (c) 463 Amount ............... 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 GEORGEJ. WHITE, Mount Dora, Florida Railway Executive Vice-president, First National Bank OFFICERS OSCARNEWTON,Governor H. F. CONNIFF,Deputy Governor H. WARNERMARTIN,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 GEORGEWINSRIP 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 ERNESTT. GEORGE,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 HERBERTHOLMES Active Vice-president Delta National Bank Yazoo City, Mississippi (VACANCY) MARCUS WALKER,Manuging Director OFFICERS MARCUSWALKER,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 BAYLESSW. HAYNES 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, JR., Managing Director OFFICERS T. A. LANFORD, Cashier GEO. S. VARDEMAN, JR., Manuging Director MARYE. MAHON,Assistant Cashier Nashville Branch of Federal Reserve Bank of Atlanta DIRECTORS FRANK J. HARLE 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, JR., Managing Director OFFICERS JOEL B. FORT, JR., Managing Director 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
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