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federal reserve bank
OF DALLAS

Dallas, Texas, November 16, 1945

To the Member Bank Addressed:

A t the regular meeting of the Board of Directors of this
bank, held November 8, 1945, Mr. A. C. Michaelis was elected
an Assistant Cashier of the head office, effective November 16,
1945. In his capacity as Assistant Cashier, he will have direct
supervision o f the Personnel Department, succeeding Mr. Allen
Sayles, who has resigned.
Yours very truly,
JAY TAYLOR,
Chairman of the Board

.VICTORY/
\

LOAN

J

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