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Circular No. 39
F E D E R A L

R E S E R V E

B A N K

Series of 1921

OF DALLA S

Ju&6 23 , 1921*

NOTICE OF DIVIDEND
TO THE CASHIER,

Dear S‘
4ri
We ta'ke pleasure in advising you that at the last
regular meeting of our Board of Directors, a dividend in
full at the rate of

per annum was declared on your

investment in stock of this-bank, for the period of Janu­
ary 1st, 1921 to June 30th, 1921.
In the case of your bank this dividend will amount
to I

which amount will be credited to your reserve

account on our 11 Paso Branch books on June 30th, 1921, and
you are, therefore, authorized to charge your reserve account
with this amount on said date, bearing in mind that this por­
tion 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,

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


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