2005 Atlanta Fed Annual Report Remembers the Aftermath of Katrina
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.
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.