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FEDERAL

RESERVE

OF

Circular No. 8

BANK

Series of 1922

DALLAS

June 26, 1922

NOTICE OF DIVIDEND
TO THE CASHIER,

Dear Sir*
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 JanuĀ­
ary 1st, 1922 to June 30th, 1922.
In the case of your bank this dividend will amount
to S
j
p

which amount will be credited to your reserve

account on our Houston Branch books on June 30th, 1922.

You

are, therefore, authorized to charge your reserve account
with this amount on that date, bearing in mind that this porĀ­
tion of your earnings is under the provisions of the Federal
Reserve Act, exempt from all taxation, including income and
excess profit taxes.
Y ours v e r y t r u l y ,

Governor

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