Financial Update (Second Quarter 2006)


 Guynn Notes Growth,
 Some Uncertainties

 Conference Explores
 Markets, Institutions

 Economists Propose
 Fannie, Freddie
 Portfolio Limits

 Kohn Nominated
 as Fed’s
 Vice Chairman

 Atlanta Fed 2005
 Annual Report
 Remembers Katrina

 Fed Announces
 Changes to Cash
 Inventory Services

 Agencies Issue
 Advisory About Flu

 Exploring Credit,
 Debit Cards’
 Payment Process

 Atlanta Fed to
 Maintain Presence
 in Birmingham

 Barron: Community
 Banks Face

 Fed Gov. Olson
 Addresses Importance
 of Banks

 Board Launches
 Web Site
 Geared to Kids

 New Fed Product
 Helps Mitigate
 ACH Risk

 FDIC Ups Insurance
 Limits on Some


  Data Bank

  Circular Letters



2005 Atlanta Fed Annual Report Remembers the Aftermath of Katrina

annual report cover

A series of fierce storms made 2005 a year to remember in the Southeast. Like many other organizations, the Federal Reserve Bank of Atlanta was deeply challenged by last year’s hurricane season, and the 2005 Atlanta Fed annual report, released in late April of this year, pays tribute to the dedication and heroism of the employees of its New Orleans Branch and to the resilience of the people of the Gulf Coast.

The knockout punch dealt by Hurricane Katrina reverberated throughout the region’s economy and through the daily lives of its people. The story of the hurricane’s destruction has been widely told, but for the annual report the Atlanta Fed drew on the experiences of its staff to convey the experiences of living and working in the aftermath of the storm.

2005 Annual Report

The report uses photographs shot in the days and weeks after the storm to portray the theme “Ruin, Resilience, Restoration.” The essays examine the implications of Katrina on the payments system and New Orleans Branch operations.