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F ederal


Ba n k





Circular Wo. 7*+-328
December 9> 197*+

To All Banks

in the Eleventh Federal Reserve District:

We are advised that the Island Bank, South Padre Island,
Texas a newly organized insured nonmember "bank located in the
territory served by the San Antonio Branch opened for business
today, December 9> 197*+.

This bank has notified us that remittance

will be made at par for checks drawn on it when received from the
Federal Reserve Bank.

The mailing address of the new bank is P. 0. Box 2339>
South Padre Island, Texas, 7 8 5 7 8 . The fractional transit number
of the new bank is 8 8 -6 1 7 over 11 *1 .
Yours very truly,
Ernest T. Baughman


This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (

Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102