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federal

reserve

Ba n k

DALLAS. T E X A S

of

Dallas

75222

Circular No. 80-201
October 21, 1980
OFFICIAL ANNOUNCEMENT
TO ALL BANKS IN THE
ELEVENTH FEDERAL RESERVE DISTRICT:
It is a pleasure to announce that Robert H. Boykin will succeed me as
President of the Federal Reserve Bank of Dallas effective January 1, 1981. I will
reach retirem ent age at the end of this year after nearly 35 years in the Federal
Reserve System, the last six years as President of the Dallas Reserve Bank.
I am also pleased to announce that William H. Wallace, Staff Director
for Federal Reserve Bank Activities at the Board of Governors of the Federal
Reserve System in Washington, D.C., has been appointed First Vice President,
effective January 1, 1981, to fill the vacancy created by Mr. Boykin's promotion.
These actions were taken by the Bank's Board of Directors and have
been approved by the Board of Governors of the Federal Reserve System.
Mr. Boykin holds B.B.A. and J.D. degrees from the University of
Texas, is a graduate of the School of Banking of the South at Louisiana State
University, and has attended management courses at Texas A&M University and
the American Management Association in New York. He was employed by the
Bank in 1953 in the Legal Department and was elected to the official position of
Assistant Counsel in 1959. He subsequently was elected Assistant Counsel and
Assistant Secretary of the Board in 1961, Assistant Vice President and Assistant
Secretary in 1965, Assistant Vice President and Secretary in 1967, Vice President
and Secretary in 1968, Senior Vice President and Secretary in 1971, and was
appointed to his current position as First Vice President on December 1, 1976.
Mr. Wallace holds B.B.A. and M.B.A. degrees from the University of
Mississippi and a Ph.D. degree in economics from the University of Illinois. He'
served as Assistant Professor of Economics at Duke University from 1962-67
before joining the Federal Reserve Bank of Richmond where he served first as
Assistant Vice President in charge of Research and then as Vice President in
charge of Planning during the period 1967-73. He was Professor of Economics and
Head of Program in Business Administration at North Carolina University from
1973-74. Joining the Board of Governors of the Federal Reserve System in 1974,
Mr. Wallace served as Director of the Board's Division of Federal Reserve Bank
Examinations and Budgets prior to assuming his present position as Staff Director
for Federal Reserve Bank Activities.
Sincerely yours,

Ernest T. Baughman
President

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)


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