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federal

Reserve

ban k

of

Da ll a s

D A L L A S ,T E X A S

June 4, 1956

To All Banks of the
Eleventh Federal Reserve District:

This is to advise that the Montrose National Bank of
Houston, Houston, Texas, a newly organized institution located
in the territory served by the Houston Branch of the Federal
Reserve Bank of Dallas, opened for business June 2, 1956, as a
member of the Federal Reserve System.
The new member bank has capital of $500,000, surplus of
$300,000, and undivided profits of $200,000.
Its officers and directors are as follows:
OFFICERS
L. E. Cowling, President and Chairman of the Board
George R. Traylor, Executive Vice President
Joseph N. Mullan, Vice President
M.
H. Sorrell, Vice President
Richard M. Cobb, Cashier
B. E. Sweeton, Jr., Assistant Cashier
DIRECTORS
Louis Kaplan
Joseph N. Mullan
C. E. Richards
M. H. Sorrell
E. G. Spencer
Felix J. Tijerina
George R. Traylor
Dr. Sheldon M. Tucker
Sam H. White

George F. Bellows
Dr. John J. Bunting
G. W. Butler
John B. Carter, Jr.
L. E. Cowling
J. S. Dugan
Dr. David Greer
Hyman E. Finger
Mrs. Midge Pearce Hill
N. D. Jamail

The combined A .B .A . transit and routing symbol number of
the new bank is 35-107.
1131
Yours very truly,
Watrous H. Irons
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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th
e

OPENING FOR BUSINESS
on
SA TURD A Y, JU N E 2, 1956
of the

MONTROSE NATIONAL BANK
o f Houston
3 4 0 0 Montrose Blvd.

Opening Day Hours
9 :0 0 A.M. to 6 :0 0 P.M.

7* Ocvi *p,Ue*ul&:
The officers, directors and stockholders take pleasure in announcing that the
Montrose National Bank of Houston will open for business June 2, 1956.
Every effort has been made to provide complete banking facilities for the peo­
ple of Houston. We welcome the business of individuals, firms and corporations,
which we are well equipped to serve. Every customer of the bank will be assured
prompt and courteous attention.
Your visit will be sincerely appreciated, and we look forward to serving you.
T h e M ontrose N ational Bank
OF HOUSTON
Member o f tbt

FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION

Paid in CAPITAL STRUCTURE of
Capital $ 5 0 0 ,0 0 0

Surplus $ 3 0 0 ,0 0 0

Undivided Profits $ 2 0 0 ,0 0 0

L. E. C owling , 'President and Chairman of the Board
G eorge R. T raylor, Executive Vice President
J oseph N. M ullan , Vice President
R ichard M. Cobb, Cashier
M. H. Sorrell, Vice President
B. E. Sweeton , J r., Asst. Cashier
G eorge F. Bellows
D r. J ohn J. Bunting
G. W. Butler
J ohn B. C arter, J r.
L. E. C owling
J. S. D ugan

D r. D avid Greer
H yman E. Finger
Mrs. Midge Pearce H ill
N. D. J amail
Louis Kaplan
J oseph N. Mullan
Sam H. W hite

C. E. R ichards
M. H. Sorrell
E. G. Spencer
Felix J. T ijerina
G eorge R. T raylor
D r. Sheldon M. T ucker

@un OndiUution 'Will Hiidplay. ^Uib
It means that our bank is a stockholder of the Federal Reserve Bank of Dallas.
The Federal Reserve System, which is the central banking organization of this country, was created by
Congress in the public interest. Its broad purpose is to help maintain business, industrial, and agricultural stability
in so far as that is possible by safeguarding the supply, cost, and uses of money and credit. Our bank joins
forces with the other member banks in the Federal Reserve System to contribute its part in advancing these aims.
The Federal Reserve banks often have been referred to as "bankers’ banks” because they furnish commercial
banks very much the same types of service which commercial banks supply to their customers. As a member of
the Federal Reserve System our bank obtains direct access to the System’s facilities and resources as they may be
required to finance and serve the banking and business needs of our community in a sound manner.
State banks may join the Federal Reserve System if they desire by complying with the requirements of
membership. Banks which are members of the System hold, in the aggregate, about 85 per cent of the total
commercial banking resources of the country.

MONTROSE NATIONAL BANK
H O U STO N , TEXAS

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