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F e d e r a l R e s e r v e Ba n k
OF DALLAS

Dallas, Texas, November 4, 1955

N O M IN A TIO N A N D ELECTION OF DIRECTORS
(By Member Banks in Groups 1 and 3)

The member banks in G roup 2 will not participate in
this election, and this circular is sent to them without
forms for their information only.

To the M e m b e r B a n k s in G ro u p s 1 a n d 3
in the Eleventh Federal Reserve District:

In accordance with the provisions of Section 4 of the Federal Reserve Act and my circular letter dated
September 28, 1955, in regard to the election of directors of this bank to succeed Mr. J. Edd McLaughlin, Class
A director, and Mr. J. B. Thomas, Class B director, whose terms will expire December 31, 1955, there are
listed in this circular the names of the individuals nominated, together with the names of the banks nominat­
ing them.
Accompanying this circular is a ballot upon which you should record your vote, together with the neces­
sary envelopes for use in sending your ballot to me. Please follow carefully the instructions which are printed
on the ballot and on the envelopes.
The vote of your bank may be cast only by an officer whose authorization by the Board of Directors to
vote in these elections has been certified to me as indicated on the list in my circular letter of September 28,
1955, or subsequently changed by a certified authorization. If you so desire, you may change your authori­
zation by the proper action of your Board of Directors, but any such change must be certified to me before
the close of the polls.
The polls will open on November 7, 1955, and close at 2:00 P.M. on November 22, 1955. Consequently,
your ballot must be received here not later than 2:00 P.M., November 22, 1955, at which time the ballot box
will be opened in the Board Room of this bank, the votes counted, and the results of the election announced.
The nominees are invited to be present or represented on that occasion.
Each member bank entitled to vote in this election is urged to do so. Please mark your ballot carefully
and send it to me in the enclosed envelopes at your earliest convenience after the opening of the polls.
Yours very truly,
ROBERT J. SMITH
Chairman of the Board

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

IMPORTANT

Please read carefully the instructions herein contained a n d the form of preferential ballot enclosed. Unless
a ballot of a voting member bank is prepared, authenticated, and cast in strict accordance with said instructions, the
election tellers will have no option except to disregard such ballot.
The ballot of each member bank must be cast by an officer previously empowered to do so by action of its Board
of Directors, certified to me upon forms furnished for the purpose.
M y circular letter of September 28, 1955, giving notice of this election, contained a list of member banks in Groups
1 and 3, showing the officers who were then authorized to cast votes in directors' elections. Unless a bank has since
changed its authorization, by corporate action duly certified to me, no officer, except as designated on that list, can
cast a vote in behalf of his bank.
Under the procedure for the election by member banks of Federal Reserve Bank directors, the vote will be by
secret ballot, and no one will know the vote of any bank. As there will be no opportunity for any prior inspection of
ballots for irregularities, the officer casting the ballot is requested to use special care in its preparation.
For your information, there are quoted below extracts from Section 4 of the Federal Reserve Act which set forth
the method of balloting and the manner in which the votes are to be counted:
“Within fifteen d ays after receipt of the list of candidates the duly authorized officer of a member
ban k shall certify to the chairman his first, second, an d other choices for director of class A a n d class B,
respectively, upon a preferential ballot upon a form furnished by the chairman of the board of direc­
tors of the Federal reserve ban k of the district. Each such officer shall m ake a cross opposite the name
of the first, second, an d other choices for a director of class A an d for a director of class B, but shall
not vote more than one choice for a n y one candidate. No officer or director of a member ban k shall be
eligible to serve a s a class A director unless nominated and elected by banks which are members of
the sam e group a s the member ban k of which he is an officer or director.

“A n y candidate having a majority of all votes cast in the column of first choice shall be declared
elected. If no candidate have a majority of all the votes in the first column, then there shall be added
together the votes cast by the electors for such candidates in the second column an d the votes cast
for the several candidates in the first column. The candidate then h aving a majority of the electors
voting an d the highest number of combined votes shall be declared elected. If no candidate have
a majority of electors voting an d the highest number of votes when the first a n d second choices shall
have been added, then the votes cast in the third column for other choices shall be add e d together
in like manner, an d the candidate then having the highest number of votes shall be declared elected.
A n immediate report of election shall be declared.
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“. . . whenever any two or more member banks, within the sam e Federal reserve district are affiliated
with the sam e holding com pany affiliate, participation by such member banks in a n y such nomination
or election shall be confined to one of such banks, which m ay be designated for the purpose by such
holding com pany affiliate."
The member banks in the Eleventh Federal Reserve District are grouped as follows for the purpose of electing
Class A and Class B directors of the Federal Reserve Bank of Dallas: Group 1 consists of banks with capital and surplus
of $1,200,000 and over; Group 2 consists of banks with capital and surplus of over $200 ,000 and less than $1,200,000;
and Group 3 consists of banks with capital and surplus of $ 2 00 ,000 and less.
Please forward your ballot so that it will reach this office on or before 2:00 P.M., November 22, 1955. If the
ballot is received after that time, it cannot be counted.

N O M IN EE FOR CLASS B DIRECTOR
J. B. T H O M A S
President and General M anager
Texas Electric Service Company
Fort Worth, Texas

Mr. Thomas was born in San Marcos, Texas, in 1891.
At an early age he moved to Greenville, Texas, where he
attended public school and graduated from the Greenville
High School. He attended Texas Agricultural and Mechan­
ical College, receiving a B.S. Degree in Mechanical Engi­
neering in 1911 and an M.E. Degree in 1931.
In 1912 he went to work for the Texas Power & Light
Company in Dallas as draftsman. He served in W orld
W a r I in the Coast Artillery and was discharged as C a p ­
tain in 1919. He returned to the Texas Power & Light Com ­
pany, where in 1921 he became Chief Engineer, in which
capacity he was active in the construction of electric, gas,
ice, and water properties and of substantial parts of the
high-tension transmission grid now serving Texas.
In 1930, Mr. Thomas moved to Fort Worth as Vice
President in Charge of Operations of the newly formed
Texas Electric Service Company, where he has been ac­
tively interested in the development of the resources of
West Texas. Mr. Thomas was made President and G en­
eral M anager of the Company in 1941 and became Vice
President and Director of the Texas Utilities Company
when it was formed in 1945.
Mr. Thomas is a Registered Professional Engineer and
was a member of the Texas State Board of Registration
for Professional Engineers from 1941 to 1950, serving
as Chairman in 1949. He is a member of the American
Society of Mechanical Engineers. He became a member of
the American Institute of Electrical Engineers in 1928 and
a Fellow in 1943 and has served on numerous Institute
committees. He is a director of the Edison Electric Institute.
Mr. Thomas is active in Fort Worth civic affairs. He is a
member of the Fort Worth Club, the Steeplechase Club,
River Crest and Colonial Country Clubs, Exchange Club,
and Tau Beta Pi; is a director of the United Fund of Fort

Worth and Tarrant County, the West Texas Chamber of
Commerce, the Fort Worth Stock Show, the YM CA , the Fort
Worth Chamber of Commerce, and the National Associ­
ation of Manufacturers; is a M ason; is one of the trustees
of the M ary Couts Burnett Trust; is a trustee of the Texas
A. & M. Research Foundation; is Chairman of the G ov­
ernor’s Committee on W ater Conservation in Texas; and
is Vice Chairman of the Texas Research League. Mr. Thomas
is an Episcopalian and has served many times as Vestry­
man and several times as Senior W arden.

N om inated b y the Follow in g B a n k s in G roup 1:
LO U ISIA N A
Monroe.............................. Central Savings Bank and Trust Company

TEXAS
Austin................................... The American National Bank of Austin
Austin.................................................... The Austin National Bank
Beaumont......................... The American National Bank of Beaumont
Beaumont................................. The First National Bank of Beaumont
Dallas............................................... First National Bank in Dallas
Dallas...................................... Mercantile National Bank at Dallas
Dallas......................................... Republic Notional Bank of Dallas
Dallas............................. Texas Bank & Trust Company of Dallas
............ El Paso National Bank
El Paso.......................................... <
El Paso................................. .... The State National Bank of El Paso
Fort Worth........................... Continental National Bank of Fort Worth
Fort Worth.............................. The First National Bank of Fort Worth
Fort Worth................................ ........ The Fort Worth National Bank
Houston.......................................................... Citizens State Bank
Houston...........................................First National Bank in Houston
Houston........................................ Houston Bank & Trust Company
Houston........................... The National Bonk of Commerce of Houston
Lubbock...........................................First National Bank at Lubbock
Midland..............................................The Midland National Bank
San Antonio..................... Bexar County National Bank of San Antonio
Tyler........................................The Peoples National Bank of Tyler
W aco...........................................The First National Bank of Waco
Wichita Falls.............................City National Bank in Wichita Falls
Wichita Falls.........................The First National Bank of Wichita Falls

N O M IN EE FOR CLASS A DIRECTOR

j. edd

M cLa u g h l i n
President

Idabel................................................... The Idabel National Bank
Madill..... ................................... The First National Bank in Madill
Madill................................................... The Madill National Bank

Security State Bank & Trust Company
Ralls, Texas

TEXAS

Mr. McLaughlin was born on a farm in Childress County
on February 1, 1894, later moving with his parents to Col­
lingsworth County, then to G ray County, and in 1905 to
Crosby County, where he has resided continuously since
that date. He was educated in the public schools of
Texas, the West Texas State Teachers College in Canyon,
and the Brantley-Draughons Business College of Fort
Worth. Upon leaving school in 1912, he was placed in
ch a rg e o f the private institution “ W . E. M cLau gh lin
Banker,” founded by his father in that year and in­
corporated in 1918. He has served as an officer and di­
rector of that institution since its organization and is now
its President. He is joint proprietor and executive of "The
McLaughlins," land holdings and investments, and owns
and operates extensive farming and other properties.

Alpine..............................................First National Bank in Alpine
Anna...........................................The First National Bank of Anna
Anson...........................................The First National Bank of Anson
Bells..............................................The First National Bank of Bells
Brenham.............................. The Farmers National Bank in Brenham
Bronte..............................................First National Bank in Bronte
Canadian................................ The First National Bank of Canadian
Clifton............................................................Farmers State Bank
Coleman............................ First Coleman National Bank of Coleman
Comanche...................................State National Bank in Comanche
Cotulla.................................... Stockmens National Bank in Cotulla
Crosbylon................................. Citizens National Bank of Crosbyton
Dawson.................................... The First National Bank of Dawson
Decatur.................................... The First National Bank in Decatur
Dublin.................................................. The Dublin National Bank
Eagle Lake.............................. The First National Bank of Eagle Lake
Elgin......................................................The Elgin National Bank
Franklin.................................... The First National Bank of Franklin
Gatesville................................. ......The National Bank of Gatesville
Giddings................................... The First National Bank of Giddings
Graham............................................... The Graham National Bank
Granbury................................The First National Bank of Granbury
Hale Center........................... The First National Bank of Hale Center
Hamilton............................................ The Hamilton National Bank
Hamlin................... The Farmers & Merchants National Bank of Hamlin
Haskell..................................................... Haskell National Bank
Honey Grove.............................First National Bank in Honey Grove
Huntsville......................................First National Bank of Huntsville
Kaufman...............The Farmers & Merchants National Bank of Kaufman
Kerrville.............................................................. First State Bank
Knox City.................................................The Citizens State Bank
Lakeview...................................The First National Bank of Lakeview
Lorenzo.......................................................... Lorenzo Stale Bank
Mart.....................The Farmers and Merchants National Bank of Mart
Mart..............................................The First National Bank of Mart
Matador......................................... The First State Bank of Matador
Mineral Wells..................... The City National Bank of Mineral Wells
Moody....................................... The First National Bank of Moody
Morton................................................................First State Bank
Munday......................................... First National Bank in Munday
Quitaque................................. The First National Bank of Quitaque
Ralls....................................... Security State Bank & Trust Company
Rotan...........................................The First National Bank of Rotan
Rusk........................... Farmers and Merchants State Bank, Rusk, Texas
Seagraves................................The First National Bank in Seagraves
Shamrock.....................Farmers & Merchants State Bank of Shamrock
Spearman............................................................First State Bank
Spur............................................................ Spur Security Bank
Sudan...........................................The First National Bank of Sudan
Taft..................................................... The First State Bank of Taft
Tomball................................................. Guaranty Bond Slate Bank
Wellington.............................. The First National Bank in Wellington
Whitesboro.............................. Security National Bank of Whitesboro
Whitewright........................ The First National Bank of Whilewright
Wills Point.............................. The First National Bank of Wills Point
Wolfe City..................... The Wolfe City National Bank in Wolfe City

Mr. McLaughlin has served as President of the Cap
Rock Bankers Association; President of the South Plains
Bankers Association; Chairman of the Seventh District,
Treasurer, and member of the Executive Committee of the
Texas Bankers Association; President of the Ralls Chamber
of Commerce; President of the Ralls Rotary Club; a go v­
ernor, Chairman of the Investment Committee, member of
the Finance Committee, and a director from the United
States of Rotary International. He is now serving as Direc­
tor of the Ralls Chamber of Commerce; a director of the
Central Am erican Life Insurance C om pany, Lubbock,
Texas; trustee of the First Methodist Church; member of
the Executive Council and National Council member from
the South Plains Area of the Boy Scouts of America, from
which he is recipient of the Silver Beaver award. He is also
Chairman of the Crosby County Savings Bond Committee.

Nom inated by the Following Banks in Group 3:

LO U ISIA N A

Delhi...........................................The First National Bank of Delhi

N E W M EXIC O
Portales...................................... The First Notional Bank of Portales

O KLAHO M A
Antlers..............................................First National Bank at Antlers
Atoka........................................................ The Atoka Stale Bank
Colbert...................................... The First National Bank of Colbert


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102