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Federal reserve bank of Dallas
D ALLAS 13, TEXAS

August 2, 1948

To All Banks o f the
Eleventh Federal Reserve District

This is to advise that the Peoples State Bank, Artesia,
New Mexico, a newly organized institution located in the terriĀ­
tory served by our El Paso Branch, opened fo r business today
as a member bank o f the Federal Reserve System.
The new bank has paid-in capital funds o f $200,000, comĀ­
prised o f capital $100,000, surplus $50,000 and undivided
profits o f $50,000.
Its officers and directors are as follow s:
OFFICERS
H. L. Sanderson, President
W. W. Batie, Vice-President
DIRECTORS
W. W. Batie
J. W. Berry
Harold Kersey

H. M. Moutray
Frank W. Runyan
H. L. Sanderson
W. M. Siegenthaler

Yours very truly,
R. R. GILBERT
President

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


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