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F e d e r a l R e s e r v e Ba n k DALLAS, TEXAS of D allas 75222 C i r c u l a r No. 76-108 A u g u s t 2, 1976 A m e r ic a n R e v o l u tio n B ic e n te n n ia l o fficia l announcem ent t o a l l b a n k s in t h e ELEVENTH FEDERAL RESERVE DISTRICT: I am pleased to announce that the Board of Directors of the Federal Reserve Bank of Dallas has made th r e e changes in the official staff of the Houston Branch effective October 1, 1976. J . Z. Rowe, A ssistant Vice P residen t, has been appointed Vice P re sid en t, succeeding Rasco R. S to ry , who will retire October 1 after more than 43 y ears of se rvice with the Bank. Sammie C. Clay, Operations Officer, will succeed Mr. Rowe as A ssistan t Vice P re sid en t, and C. O. Holt, J r . , Manager of the Regional Check Processing Center (RCPC) Department, will succeed Mr. Clay as Operations Officer. On December 1, 1976, Mr. Rowe will become Vice P resid en t in C harge of the Houston Branch. He will succeed Senior Vice P re sident James L. Cauthen, who will re tire that day after almost 47 y e a rs of service with the Bank. Mr. Rowe, who holds a P h .D . d e g ree in economics from P urdue U niversity and who is a g rad u ate of the Stonier Graduate School of Banking at Rutgers U niversity, joined the Federal Reserve Bank of Dallas in Ja n u a ry 1955. He was elected to the official position of Director of Re search in August 1962 and promoted to A ssistant Vice P resident at the Houston Branch in Ju ly 1969. Mr. Clay was employed by the Houston Branch in May 1960. He was promoted to Mana g e r of the RCPC Department in December 1973 and to Manager of the Checks Department in May 1974 before becoming Operations Officer in Septem ber 1975. Mr. Clay holds a Graduate Certificate from the American Institute of Banking and an Associate Arts d eg ree from San Jacinto Ju n io r Col lege. He is p resen tly attending the University of Houston. Mr. Holt was employed by the Houston Branch in September 1968. He was named Man ager of the Personnel Department in F e b ru a ry 1973 and became Manager of the RCPC Department in September 1975. Mr. Holt holds a B .B .A . d eg ree from McMurry College and has attended the Interviewing Institute at th e U niversity of Houston. S in c e re ly y o u r s , E rnest T . Baughman P resident This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)