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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)