Atlanta Feds Chairman, Vice Chairman Reappointed for 2005
M. Ratcliffe, chairman, president, and chief executive officer
of Southern Co., has been reappointed chairman of the Federal
Reserve Bank of Atlantas board of directors. Larkin
Martin, managing partner of Martin Farm and vice president
of The Albemarle Corp. in Courtland, Ala., has been reappointed
deputy chairman. Their one-year terms as chairman and deputy
chairman begin Jan. 1, 2005.
David M. Ratcliffe
Ratcliffe assumed his current responsibilities with Southern Co., one of the countrys largest producers of electricity, earlier this year. Previously, he had served as president and chief executive officer of Georgia Power Co. and executive vice president of Southern Co. since 1999. He joined Georgia Power Co. in 1971 as a biologist. During his career he has served as executive vice president of Southern Company Services, president and chief executive officer of Mississippi Power Co., and treasurer and chief financial officer of Georgia Power Co.
Martin oversees two family businesses, Martin Farm and The Albemarle Corp., with interests in agriculture and timberland, row crop farming, and cotton ginning. Before taking on those responsibilities in 1990, she worked in commercial real estate appraisal with GA/Partners-Arthur Andersen & Co. in Washington, D.C., and as a confidential assistant in the office of the secretary, U.S. Treasury Department. Martin is a former member of the board of directors of the Birmingham Branch of the Federal Reserve Bank of Atlanta.
The Atlanta Feds board of directors oversees the management of the banks operations and recommends changes in the discount rate. Board members also contribute to the formulation of U.S. monetary policy through the economic information they provide the banks president.