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FEDERAL RESERVE BANK OF Circular No. 59 Series of 1921 DALLAS Deo* 23* 1921* NOTICE OF DIVIDEND TO THE CASHIER* Dear Sirs We take pleasure in advising you that at the last regular meeting of our Board of Directors, 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, 1921 to December 31st, inclusive. In the case of your bank this dividend will amount to $ which amount will be credited to your reserve account on our El Paso Branch books on December 31st, 1921 and you are, there 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, Governor This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)