The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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
