board of directorsatlanta · board of directorsatlanta john wieland chairman ... trinity yachts,...

Federal Reserve Banks each have a board of nine

directors. Directors provide economic informa-

tion, have broad oversight responsibility for their

Bank’s operations, and, with Board of Governors

approval, appoint the Bank’s president and first

vice president.

Six directors—three class A, representing the

banking industry, and three class B—are elected

by banks that are members of the Federal

Reserve System. Three class C directors (includ-

ing the chairman and deputy chairman) are

appointed by the Board of Governors. Class B

and C directors represent agriculture, commerce,

industry, labor, and consumers in the district;

they cannot be officers, directors, or employees

of a bank; class C directors cannot be bank

stockholders.

Fed branch office boards have five or seven

directors; the majority are appointed by head-

office directors and the rest by the Board of

Governors.

F E D E R A L R E S E R V E B A N K O F A T L A N T A — 2 0 0 1 A N N U A L R E P O R T18

S I X T H D I S T R I C T D I R E C T O R S

23F E D E R A L R E S E R V E B A N K O F A T L A N T A — 2 0 0 1 A N N U A L R E P O R T

B O A R D O F D I R E C T O R S A T L A N T A

JOHN WIELANDCHAIRMAN

Chief Executive Officer and ChairmanJohn Wieland Homes and Neighborhoods, Inc.Atlanta, Georgia

PAULA LOVELLDEPUTY CHAIRMAN

PresidentLovell Communications, Inc.Nashville, Tennessee

JUANITA P. BARANCOExecutive Vice PresidentBaranco Automotive GroupMorrow, Georgia

SUZANNE E. BOASPresidentConsumer Credit Counseling Service, Inc.Atlanta, Georgia

JOHN DANE IIIPresident and Chief Executive OfficerTrinity Yachts, Inc.New Orleans, Louisiana

WAYMON L. HICKMANChairman and Chief Executive OfficerFirst Farmers andMerchants National BankColumbia, Tennessee

RICHARD G. HICKSONPresident and Chief Executive OfficerTrustmark CorporationJackson, Mississippi

MARÍA CAMILA LEIVAExecutive Vice PresidentMFZ ManagementCorporationCoral Gables, Florida

WILLIAM G. SMITH JR.President and Chief Executive OfficerCapital City Bank GroupTallahassee, Florida

L. PHILLIP HUMANNChairman, President, and Chief Executive OfficerSunTrust Banks, Inc.Atlanta, Georgia

Left to right: Smith, Lovell, Baranco, Dane, Wieland, Hickman, Boas, Hickson, Leiva Not pictured: Humann

FEDERAL ADVISORY COUNCIL MEMBER

Federal Reserve Banks each have a board of nine

directors. Directors provide economic informa-

tion, have broad oversight responsibility for their

Bank’s operations, and, with Board of Governors

approval, appoint the Bank’s president and first

vice president.

Six directors—three class A, representing the

banking industry, and three class B—are elected

by banks that are members of the Federal

Reserve System. Three class C directors (includ-

ing the chairman and deputy chairman) are

appointed by the Board of Governors. Class B

and C directors represent agriculture, commerce,

industry, labor, and consumers in the district;

they cannot be officers, directors, or employees

of a bank; class C directors cannot be bank

stockholders.

Fed branch office boards have five or seven

directors; the majority are appointed by head-

office directors and the rest by the Board of

Governors.

F E D E R A L R E S E R V E B A N K O F A T L A N T A — 2 0 0 1 A N N U A L R E P O R T22

S I X T H D I S T R I C T D I R E C T O R S


B O A R D O F D I R E C T O R S A T L A N T A

JOHN WIELANDCHAIRMAN

Chief Executive Officer and ChairmanJohn Wieland Homes and Neighborhoods, Inc.Atlanta, Georgia

PAULA LOVELLDEPUTY CHAIRMAN

PresidentLovell Communications, Inc.Nashville, Tennessee

JUANITA P. BARANCOExecutive Vice PresidentBaranco Automotive GroupMorrow, Georgia

SUZANNE E. BOASPresidentConsumer Credit Counseling Service, Inc.Atlanta, Georgia

JOHN DANE IIIPresident and Chief Executive OfficerTrinity Yachts, Inc.New Orleans, Louisiana

WAYMON L. HICKMANChairman and Chief Executive OfficerFirst Farmers andMerchants National BankColumbia, Tennessee

RICHARD G. HICKSONPresident and Chief Executive OfficerTrustmark CorporationJackson, Mississippi

MARÍA CAMILA LEIVAExecutive Vice PresidentMFZ ManagementCorporationCoral Gables, Florida

WILLIAM G. SMITH JR.President and Chief Executive OfficerCapital City Bank GroupTallahassee, Florida

L. PHILLIP HUMANNChairman, President, and Chief Executive OfficerSunTrust Banks, Inc.Atlanta, Georgia

Left to right: Smith, Lovell, Baranco, Dane, Wieland, Hickman, Boas, Hickson, Leiva Not pictured: Humann

FEDERAL ADVISORY COUNCIL MEMBER

20 F E D E R A L R E S E R V E B A N K O F A T L A N T A — 2 0 0 1 A N N U A L R E P O R T

B R A N C H D I R E C T O R S B I R M I N G H A M

Left to right: Welborn, Crenshaw, Mayer, Barrett, Martin, Vickery Not pictured: Batts

CATHERINE SLOSS CRENSHAWCHAIRMAN

PresidentSloss Real Estate Group, Inc.Birmingham, Alabama

ROBERT M. BARRETTChairman, President, and Chief Executive OfficerFirst Community Bank of Central AlabamaWetumpka, Alabama

HUNDLEY BATTS SR.Owner and Managing General AgentHundley Batts &AssociatesHuntsville, Alabama

V. LARKIN MARTINManaging PartnerMartin FarmCourtland, Alabama

W. CHARLES MAYER IIISenior Executive Vice PresidentAlabama Banking Group HeadCommercial BankingGroup HeadAmSouth BankBirmingham, Alabama

JAMES A. VICKERYInternationalRepresentativeLaborers’ InternationalUnion of North AmericaGadsden, Alabama

MILLER WELBORNChairmanWelborn and Associates, Inc.Lookout Mountain,Tennessee


B R A N C H D I R E C T O R S J A C K S O N V I L L E

Left to right: Fisher, Heller, Hilton, Smith, Flaherty, Rydberg, Poole

JULIE K. HILTONCHAIRMAN

Vice President and Co-OwnerHilton, Inc.Panama City Beach, Florida

ROBERT L. FISHERPresident and Chief Executive OfficerMacDill Federal Credit UnionTampa, Florida

WILLIAM E. FLAHERTYChairmanBlue Cross and Blue Shield of Florida, Inc.Jacksonville, Florida

HARVEY R. HELLERPresidentHeller Brothers Packing CorporationWinter Garden, Florida

MICHAEL W. POOLEPrincipalPoole Carbone EckbertWinter Park, Florida

MARSHA G. RYDBERGPartnerThe Rydberg Law FirmTampa, Florida

JERRY M. SMITHChairman and PresidentFirst National Bank of AlachuaAlachua, Florida


B R A N C H D I R E C T O R S M I A M I

MARK T. SODDERSCHAIRMAN

PresidentLakeview Farms, Inc.Pahokee, Florida

D. KEITH COBBManaging DirectorCobb Consulting GroupFort Lauderdale, Florida

BRIAN E. KEELEYPresident and Chief Executive OfficerBaptist Health Systems of South FloridaCoral Gables, Florida

MIRIAM LOPEZPresident and Chief Executive OfficerTransAtlantic BankMiami, Florida

JAMES W. MOOREManaging PartnerRiverside Capital, LLCFort Myers, Florida

RUDY E. SCHUPPChairman, Florida BankingWachovia, N.A.West Palm Beach, Florida

ROSA SUGRAÑESChairmanIberia Tiles CorporationMiami, Florida

Left to right: Keeley, Schupp, Cobb, Moore, Lopez, Sodders, Sugrañes


B R A N C H D I R E C T O R S N A S H V I L L E

WHITNEY JOHNS MARTINCHAIRMAN

Chairman and Chief Executive OfficerCapital Across AmericaNashville, Tennessee

BETH DORTCH FRANKLINPresident and Chief Executive OfficerStar Transportation, Inc.Nashville, Tennessee

EMIL HASSANSenior Vice PresidentNorth America Manu-facturing, Purchasing,Quality, and LogisticsNissan North America, Inc.Smyrna, Tennessee

FRANCES F. MARCUMGeneral PartnerMarcum Capital, LLCTullahoma, Tennessee

DALE W. POLLEYPast PresidentFirst AmericanCorporationNashville, Tennessee

JAMES W. SPRADLEY JR.PresidentThe Standard CandyCompanyNashville, Tennessee

L.A. WALKER JR.Chairman of the Advisory BoardBB&T McMinn/Monroe Counties, TennesseeAthens, Tennessee

Left to right: Franklin, Spradley, Polley, Martin, Marcum, Walker, Hassan

O P E N I N G A N E W D O O R

F E D E R A L R E S E R V E B A N K O F A T L A N T A — 2 0 0 1 A N N U A L R E P O R T


B R A N C H D I R E C T O R S N E W O R L E A N S

BEN TOM ROBERTSCHAIRMAN

Senior Executive Vice President and OwnerRoberts Brothers, Inc.,RealtorsMobile, Alabama

C.R. CLOUTIERPresident and Chief Executive OfficerMidSouth BankLafayette, Louisiana

DAVE DENNISPresidentSpecialty Contractors & Associates, Inc.Gulfport, Mississippi

DWIGHT H. EVANS(RESIGNED)President and Chief Executive OfficerMississippi PowerCompanyGulfport, Mississippi

TERI G. FONTENOTPresident and Chief Executive OfficerWoman’s HospitalBaton Rouge, Louisiana

DAVID GUIDRYPresident and Chief Executive OfficerGuico Machine Works, Inc.Harvey, Louisiana

DAVID E. JOHNSONChairman and Chief Executive OfficerThe First Bancshares, Inc.,and the First NationalBank of South MississippiHattiesburg, Mississippi

R. GLENN PUMPELLYPresident and Chief Executive OfficerPumpelly Oil, Inc.Sulphur, Louisiana

Left to right: Johnson, Pumpelly, Fontenot, Roberts, Dennis, Cloutier Not pictured: Guidry

0401_AnnualReport 4/9/02 8:12 AM Page 9

monetary policy we try to provide a level of financial resources con-

sistent with stable economic growth.

As the only institution with responsibility for all three pillars of eco-

nomic stability, the Federal Reserve has a special duty to conduct itself

in a manner consistent with its ultimate objectives and in the spirit of

the democratic republic that created the Fed in 1913.

The 2001 Annual Report offers a closer look at openness at the Federal

Reserve Bank of Atlanta. It highlights developments in 2001 that

embody our pursuit of an objective that is nevertheless often abstract.

The report also demonstrates our commitment to utilizing in our own

operations one of the great sources of strength in the U.S. economy.

In the spirit of openness, it should also be observed that the Federal

Reserve, in its nearly nine decades as the nation’s central bank, has not

always been as forthcoming as it is today. This point is worth acknowl-

edging because it demonstrates that the Federal Reserve is a funda-

mentally human institution that learns from experience as well as from

new information and research. This trait, too, we share with markets

and with the businesses and consumers who make up the economy.

At the Federal Reserve Bank of Atlanta, we’ve learned that openness

not only enhances our own credibility but also improves the efficacy

of our operations and policies. It is just as important as—and, indeed,

an essential counterpart to—the electronic networks we use to

process payments, the forecasts we prepare for monetary policy, or

the bank examinations we conduct.

And yet even as we contemplate the strengths that openness

provides, we must remind ourselves that openness remains something

that can always be improved, that can always be done better. What

follows is an examination of our efforts to do just that.

J A C K G U Y N N


S M A L L B U S I N E S S , A G R I C U L T U R E , A N D L A B O R

A D V I S O R Y C O U N C I L

BETTS J. BERRYManaging PartnerHuntland FarmsChickamauga, Georgia

CAROLYN BALDWIN BYRDChairman and Chief Executive OfficerGlobalTech Financial, LLCAtlanta, Georgia

RONALD L. EDWARDSPresident and Chief Executive OfficerEvans Properties Inc.Vero Beach, Florida

CATHY ELLISPresidentAtlanta Classic CarsDecatur, Georgia

DONNA GIBBSChief Executive OfficerSystems Logics CompanyJacksonville, Florida

KARIN GRANT-HOPKINSPresidentMulti Image Resource GroupNew Orleans, Louisiana

SYNTHIA HARDYPresident/PrincipalConsultantHardy InkDaphne, Alabama

MELVIN W. HORTONDistrict Vice PresidentIBEW, 5th DistrictHoover, Alabama

PAUL “JACKIE” LOEWER JR.PartnerLoewer BrothersBranch, Louisiana

RICHARD RAYPresidentGeorgia AFL-CIOAtlanta, Georgia

KEITH D. ROMIG JR.Associate DirectorNational and International AffairsPACE International UnionNashville, Tennessee

JAMES H. SANFORDChairman of the BoardHOME Place FarmsPrattville, Alabama

GAY R. THOMPSONPresident and Chief Executive OfficerCement Industries, Inc.Fort Myers, Florida

LEE VORISEKChairman and Chief Executive OfficerCon Pac, Inc.New Orleans, Louisiana

ROBERT ROY WARDPresident and Managing PartnerHorne CPA GroupJackson, Mississippi


0401_AnnualReport 4/4/02 2:29 PM Page 7

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