A History of the Federal Reserve Bank of Atlanta, 1914 - 1989

A History of the Federal Reserve Bank of Atlanta, 1914-1989


Origins of the System

The New Bank Meets “The World War”

The Bank Meets Its First Crisis

High Winds from Havana

Droning through the Roaring Twenties

Governor Black Meets Black Friday

The Collapse

The Fed Rebuilt

World War II

The Postwar Period

The Bank in the 1960s

The Making of a Leader

Technological Pioneer

The Most Efficient Bank

The 1980s: New Challenges

Moving Forward with Forrestal


Leaders of the Atlanta Fed



By Richard H. Gamble

Richard H. Gamble is an Atlanta-based financial journalist and bank historian. He is the editor of Corporate Cashflow and the author of A Competitive Spirit: The Story of Central Bank of the South. He holds a Ph.D. in English and American literature from the University of Pittsburgh and has been a postdoctoral fellow of the Newberry Library, Chicago.

Note to Readers: This book was written and published in 1989 on the occasion of the 75th anniversary of the Federal Reserve Bank of Atlanta. The publication information shown below was current at that time.

The author has made extensive use of an earlier, unpublished history of the Federal Reserve Bank of Atlanta, a 1,367-page manuscript written and compiled by Atlanta historian Franklin M. Garrett in the mid-1950s. Garrett culled the records of the Bank’s first 50 years carefully, and the author has gratefully built on that base of research. Special thanks are due to the Bank’s Public Information staff, especially to Bobbie McCrackin, Public Information Officer, and Larry Schulz, Public Information Coordinator, without whose direction, support, and substantial assistance this project never would have been completed.

Copyright © 1989 by Federal Reserve Bank of Atlanta, Atlanta, Georgia

ISBN 0-9624159-0-1


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