View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Circular No. 44

FEDERAL

RESERVE

BANK

Series of 1920

OF D A L L A S

December 23, 1920.

N O T IC E O F D IV ID E N D

TO THE CASHIER,

Dear Sir-:
We take pleasure in advising you that at the regular
meeting of our Board of Directors on December 7th, 1920, a
dividend in full at the rate of 6% per annum was declared
on your investment in stock of this bank, for the period of
July 1st, 1920 to December 31st, 1920.
In the case of your bank this dividend will amount
to $

which amount will be credited to your reserve

account on our books on December 31st, and you are, thereĀ­
fore, authorized to charge your reserve account with this
amount on said date, bearing in mind that this portion of
your earnings is under the provisions of the Federal Reserve
Act, exempt from all taxation, including income and excess
profit taxes.
Yours very truly,

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

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