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federal R e se r v e Ba n k of S t . Lo u is P . O. BOX 442 S t . L o u is , M is s o u r i 63166 E L E C T I O N OF D I R E C T O R S September 20, 1963 To the Member Banks of the Eighth Federal Reserve District: An election will be held under the provisions of Section 4 of the Federal Reserve Act to choose successors to the following directors of this bank, whose terms expire December 31, 1963: Class A Director, Mr. H. Lee Cooper President Ohio Valley National Bank of Henderson Henderson, Kentucky Class B Director, Mr. Edgar M. Queeny Chairman of the Finance Committee and member of Board of Directors M onsanto Chemical Company St. Louis, Missouri Mr. H. Lee Cooper, the Class A Director, was elected by banks in Group 2 and his successor will be chosen by the banks in this group. Group 2 consists of banks having capital and surplus of $400,000 and over, but under $1,500,000. Mr. Edgar M. Queeny, who has served as a Class B Director since January 1, 1961, has indicated that he does not wish to be a candidate for re-election. Mr. Queeny was elected by banks in Group 1 and his successor will be chosen by the banks in this group. Group 1 consists of banks having capital and surplus of $1,500,000 and over. The banks comprising Groups 1 and 2 are listed on the following pages. The group in which a member bank will be entitled to vote will be determined by its classification as of the date of this letter, even though its capital and surplus may subsequent ly change prior to the date of the election. Each bank in Group 1 is perm itted to nominate one candidate for Class B Director and each bank in Group 2 is perm itted to nom inate one candidate for Class A Director.* The nominations must be made by resolution of the Board of Directors and certified to me on or before October 18, 1963. A form for this purpose is enclosed. On October 25, 1963, a list of the candidates (indicating by whom nominated) and a preferential ballot will be mailed to each bank in the voting groups. The ballot m ust be cast within fifteen days after receipt. The polls will open at 9 a.m. on October 28, 1963, and close at 2 p.m. on November 12, 1963. At th at time the ballot box will be opened in the Board Room of this bank, the votes counted and results of the election announced. The candidates are invited to be present or represented on that occasion. In order to be counted, the ballot must be executed by an officer authorized to cast the vote. If the official signature of the officer, or officers, authorized to cast the ballot has not been filed with this Federal Reserve Bank, such official signature should be filed before the polls close. Inasmuch as the authority conferred on these officers continues until revoked, they need not be reappointed. Each member bank which has not designated an officer, or officers, for the purpose of signing the ballot, or any bank that desires to change its author ization, should do so by resolution of its Board of Directors and certify the appointm ent to me before the polls close. A form for this purpose will be furnished upon request. While the banks in Group 3 will not vote in this election, this circular is sent to them without forms for their information. Very truly yours, ETHAN A. H. SH EPLEY , Chairman of the Board Section 4 of the Federal Reserve Act contains the following provisions: “Class A shall consist of three members, who shall be chosen by and be repre sentative of the stockholding banks.” “No officer or director of a member bank shall be eligible to serve as a Class A director unless nominated and elected by banks which are members of the same group as the member bank of which he is an officer or director.” “Any person who is an officer or director of more than one member bank shall not be eligible for nomination as a Class A director except by banks in the same group as the bank having the largest aggregate resources of any of those of which such person is an officer or direc to r.” “Class B shall consist of three members, who at the time of their election shall be actively engaged in their district in commerce, agriculture or some other industrial pursuit.” “No director of Class B shall be an officer, director, or employee of any bank.” “No Senator or Representative in Congress shall be a member of the Board of Governors of the Federal Reserve System or an officer or a director of a Federal reserve bank.” In a resolution adopted December 23, 1915, the Federal Reserve Board expressed the opinion “that persons holding political or public office in the service of the United States, or of any State, territory, county, district, politi cal subdivision, or municipality thereof, or acting as members of political party committees, cannot consistently with the spirit and underlying principles of the Federal Reserve Act, serve as directors or officers of Federal Reserve Banks.” Under interpretations of the Board of Governors of the Federal Reserve System, a person whose sole occupation is that of officer of an insurance company or of a savings and loan association is not eligible for election as a Class B director of a Federal Reserve Bank. — 2 — GROUP 1 Consisting of member banks having capital and surplus of $1,500,000 and over. Banks in this group elect one Class B Director ARKANSAS CITY NAME OF BANK VOTING OFFICER FI Dorado............................The First National Bank of El Dorado........................................Chairman, President, Vice President or Cashier Fort Smith.......................... The First National Bank of Fort Smith.......................................Chairman, President, Vice President or Cashier Fort Smith.......................... The Merchants National Bank of Fort Smith.............................President,Vice President or Cashier Little Rock..........................The Commercial National Bank of Little Rock.........................President, Executive Vice President, Vice President or Cashier Little Rock..........................The First National Bank in Little Rock.....................................Chairman, President, Vice President or Cashier Little Rock..........................Union National Bank of Little Rock............................................Chairman, President, Vice President, Cashier or Secretary Little Rock..........................Worthen Bank & Trust Company.................................................Chairman, President or Vice President Pine Bluff............................ National Bank of Commerce of Pine Bluff.................................. Chairman, President or Vice President Pine Bluff............................ Simmons First National Bank of Pine Bluff...............................Chairman, President, Vice President or Cashier Texarkana............................The State National Bank of Texarkana.................................... President, Vice President or Cashier Alton.......................... Belleville.................... Belleville.................... East St. Louis........... East St. Louis........... Granite City.............. National Stock Yards Evansville Evansville Evansville Vincennes. ILLINOIS First National Bank & Trust Company in Alton....................Chairman, President, Vice President or Cashier Belleville National Savings Bank...............................................Chairman, President, First Vice President or Cashier The First National Bank of Belleville.......................................Chairman, President, Vice President, Cashier or Assistant Cashier First National Bank at East St. Louis......................................Chairman, President, Vice President or Cashier The Southern Illinois National Bank of East St. Louis.........President, Vice President or Cashier First-Granite City National Bank............................................. Chairman, President or Cashier The National Stock Yards National Bank of National City. .Chairman, President, Vice President or Cashier INDIANA The Citizens National Bank of Evansville.................................Chairman, President, Vice President or Cashier The National City Bank of Evansville....................................... Chairman, President, Vice President or Cashier Old National Bank in Evansville.................................................Chairman, President, Vice President or Cashier The American National Bank of Vincennes...............................Chairman, President, Vice President or Cashier KENTUCKY Elizabethtown Hopkinsville. . Louisville....... Louisville....... Louisville....... Louisville....... Louisville....... Mayfield......... Owensboro. .. . The First-Hardin National Bank of Elizabethtown..................Chairman, President, Vice President or Cashier Planters Bank & Trust Co.............................................................Chairman, President, Vice President or Cashier Citizens Fidelity Bank and Trust Company............................President, Vice President or Cashier First National Lincoln Bank of Louisville..................................Chairman, President, Vice President or Cashier The Kentucky Trust Company....................................................Chairman, President, Vice President or Cashier Liberty National Bank and Trust Company of Louisville. . .Chairman, President, Vice President or Cashier The Louisville Trust Company.................................................... Chairman, President, Vice President or Treasurer The First National Bank of Mayfield.........................................Chairman, President, Vice President or Cashier The Owensboro National Bank....................................................Chairman, President, Vice President or Cashier Clayton. Clayton. St. Louis St. Louis St. Louis St. Louis The First National Bank of Clayton...........................................Chairman, President, Vice President or Cashier St. Louis County National Bank................................................. Chairman, President, Vice President or Cashier American National Bank in St. Louis.........................................Chairman, President, Vice President or Cashier The Boatmen's National Bank of St. Louis...............................Chairman, Vice Chairman, President, Vice President or Cashier Cass Bank & Trust Company.....................................................Chairman, President or Vice President First National Bank in St. Louis................................................. Chairman, Vice Chairman, President, Vice President or Cashier MISSOURI — 3— MISSOURI—Continued CITY NAME OF BANK VOTING OFFICER St. Louis...............................Lindell Trust Company................................................................Chairman, President, Vice President or Cashier St. Louis...............................Manchester Bank of St. Louis.................................................... President, Vice President or Cashier St. Louis...............................Manufacturers Bank & Trust Company of St. Louis............. Chairman, President or Vice President St. Louis...............................Mercantile-Commerce National Bank in St. Louis..................President, Vice President or Cashier St. Louis.............................. Mercantile Trust Company..........................................................Chairman of Board, President, or Senior Vice Presidents St. Louis...............................Mound City Trust Company...................................................... Chairman, President or Vice President St. Louis...............................South Side National Bank in St. Louis..................................... Chairman, President, Vice President or Cashier St. Louis...............................Southwest Bank of St. Louis.......................................................President, Vice President or Cashier St. Louis...............................Tower Grove Bank and Trust Company.................................. Chairman, President, Vice President or Cashier Springfield............................The Union National Bank of Springfield.................................. Chairman, President, Vice President or Cashier TENNESSEE Memphis..............................The First National Bank of Memphis.......................................Chairman, President, Vice President or Cashier Memphis..............................National Bank of Commerce in Memphis................................ President, Vice President or Cashier Memphis..............................Union Planters National Bank of Memphis............................. Chairman, President, Vice President or Cashier GROUP 2 Consisting of member banks having capital and surplus of $400,000 and over, but under $1,500,000. Banks in this group elect one Class A Director ARKANSAS CITY Batesville. .. Blytheville. . Blytheville. . Camden.... Camden.. . . Conway. . . . Crossett... . De W itt... . El Dorado.. El Dorado.. Fayetteville. Fayetteville. Forrest City Fort Smith. . Harrison. . . . Helena........ Helena........ Hope........... Hope........... Hot Springs. Hot Springs. Jonesboro. . . Little Rock. NAME OF BANK First National Bank............................................... The Farmers Bank & Trust Co............................ The First National Bank in Blytheville.............. The Citizens National Bank of Camden............. The Merchants and Planters Bank...................... The First National Bank of Conway................... Bank of Crossett..................................................... The First National Bank of De W itt.................. The Exchange Bank & Trust Company............. National Bank of Commerce of El Dorado........ The First National Bank of Fayetteville............ Mcllroy Bank.......................................................... First National Bank of Eastern Arkansas.......... The City National Bank of Fort Smith.............. The First National Bank in Harrison................. Helena National Bank........................................... Phillips National Bank.......................................... The Citizens National Bank of Hope................. The First National Bank of Hope........................ Arkansas Bank and Trust Company................... Arkansas First National Bank of Hot Springs.. First National Bank of Jonesboro........................ Bank of Arkansas.................................................. - 4 — VOTING OFFICER Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President President, Active Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier ARK AN S AS—Continued CITY Magnolia.............. Newport............... North Little Rock North Little Rock Paragould............ Paragould............ Rogers.................. Russellville.......... Springdale............ Stuttgart.............. Wynne.................. NAME OF BANK First National Bank of Magnolia....................... The First National Bank of Newport............... American National Bank of North Little Rock The Twin City Bank............................................ First National Bank of Paragould..................... National Bank of Commerce of Paragould....... The American National Bank of Rogers........... Peoples Bank and Trust Company.................... The First National Bank of Springdale............ The Peoples National Bank of Stuttgart.......... The First National Bank of Wynne.................. VOTING OFFICER President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President ILLINOIS Belleville........ Cairo............... Carbondale. . . Carbondale. . . Carmi............. Centralia........ Centralia......... Chester........... Chester........... Columbia....... Columbia....... DuQuoin........ East St. Louis. Edwardsville. . Edwardsville.. Effingham.... Effingham.... Fairfield......... Flora............... Harrisburg. . .. Harrisburg. . . . Highland........ Hillsboro........ Jacksonville. . . Madison......... Mount Vernon Murphysboro.. O’Fallon......... Olney.............. Quincy............ Quincy............ Salem.............. Wood River... The St. Clair National Bank of Belleville.............. The Security National Bank of Cairo.................... The Carbondale National Bank............................. First National Bank in Carbondale......................... The First National Bank of Carmi.......................... The City National Bank of Centralia................... The Old National Bank of Centralia....................... Buena Vista National Bank of Chester................. First National Bank in Chester.............................. The First National Bank in Columbia.................. Monroe National Bank of Columbia..................... DuQuoin State Bank................................................ Union National Bank of East St. Louis................ The Bank of Edwardsville....................................... Edwardsville National Bank and Trust Company Effingham State Bank.............................................. The First National Bank of Effingham................... The Fairfield National Bank.................................... First National Bank of Flora.................................. The First National Bank of Harrisburg................ .The Harrisburg National Bank.............................. The First National Bank of Highland................... .The Hillsboro National Bank................................... . Elliott State Bank...................................................... .The First National Bank in Madison.................... The First National Bank of Mount Vernon........... .The City National Bank of Murphysboro............ The First National Bank of O’Fallon.................... First National Bank in Olney.................................. .Broadway National Bank of Quincy....................... .State Street Bank and Trust Company................ The Salem National Bank........................................ The First National Bank of Wood River............... Chairman, President, Vice President or Cashier President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier President .Chairman, President, Vice President, Cashier or Assistant Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Geo. H. Fisher, President Chairman, President, Vice President or Cashier President, Vice President or Cashier President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Cashier President, Vice President or Cashier President, Vice President, Cashier or Assistant Cashier Chairman, President, Vice President or Cashier INDIANA Bedford................................The Bedford National Bank........................................................Chairman, President, Vice President or Cashier Bedford............................... The Citizens National Bank of Bedford.................................... President or Cashier Bedford............................... The Stone City National Bank of Bedford............................... Chairman, President, Vice President or Cashier Bloomfield...........................Bloomfield State Bank.................................................................Chairman, President, Vice President or Cashier Boonville..............................Warrick National Bank of Boonville............................................................................................................................. Corydon...............................Old Capital Bank and Trust Company......................................Chairman, President, Vice President or Cashier Huntingburg.......................The First National Bank of Huntingburg.................................Chairman, President, Vice President or Cashier Linton..................................Citizens National Bank of Linton...............................................Chairman, President, Vice President or Cashier Madison...............................The First National Bank of Madison.........................................President, Vice President or Cashier Mount Vernon....................The Posey County National Bank, Mount Vernon.................Chairman, President, Vice President or Cashier New Albany........................Mutual Trust and Deposit Company.........................................President or Vice President — 5 — INDIANA—Continued NAME OF BANK CITY VOTING OFFICER New Albany.......... ............The Union National Bank of New Albany............... ..............Chairman, President, Vice President or Cashier Petersburg............. ............The First National Bank of Petersburg..................... ..............Chairman, President or Cashier Princeton............... ............The Farmers National Bank of Princeton................. ..............President or Cashier Salem...................... ............The State Bank of Salem............................................. ..............President or Cashier Scottsburg............. ............The Scott County State Bank..................................... ..............Chairman, President, Vice President or Cashier Seymour................. ............The Seymour National Bank....................................... ..............Chairman, President, Vice President or Cashier Tell City................ ............The Tell City National Bank...................................... ..............Chairman, President, Vice President or Cashier Washington........... ............The Citizens Bank and Trust Company................... KENTUCKY Bardstown. . . . Bowling Green Bowling Green Campbellsville Central City. . Danville......... Fort Knox... . Frankfort....... Glasgow......... Glasgow......... Harrodsburg. . Henderson. . . . Hodgenville.. . Hopkinsville. . Lawrenceburg. Lawrenceburg. Lebanon......... Lebanon......... Madisonville. . Morganfield. . . Paducah......... Farmers Bank & Trust Co............................................ The American National Bank and Trust Company of Bowling Green...................................................... The Citizens National Bank of Bowling Green......... Citizens Bank & Trust Company................................. The First National Bank of Central City................... The Farmers National Bank of Danville.................... Fort Knox National Bank............................................. The State National Bank of Frankfort....................... The Citizens National Bank of Glasgow.................... The New Farmers National Bank of Glasgow........... Mercer County National Bank of Harrodsburg......... Ohio Valley National Bank of Henderson.................. The Lincoln National Bank of Hodgenville............... First-City Bank & Trust Company............................. The Anderson National Bank of Lawrenceburg........ The Lawrenceburg National Bank............................... The Farmers National Bank of Lebanon.................... The Marion National Bank of Lebanon..................... The Farmers National Bank of Madisonville............ Morganfield National Bank.......................................... The Peoples First National Bank & Trust Company of Paducah................................................................. President, Vice President or Cashier President Chairman, President, Vice President or Cashier .Chairman, President, Vice President or Cashier Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier President Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier President or Vice President MISSISSIPPI Aberdeen..............................The First National Bank of Aberdeen........................................Chairman, President, Vice President or Cashier Columbus.............................First-Columbus National Bank...................................................Chairman, President, Vice President or Cashier Columbus............................Merchants & Farmers Bank.........................................................President Columbus............................The National Bank of Commerce of Columbus........................Cashier Corinth................................National Bank of Commerce of Corinth....................................Chairman, President, Vice President or Cashier Greenville............................The Commercial National Bank of Greenville..........................Chairman, President, Vice President or Cashier Greenville.............................The First National Bank of Greenville.......................................President, Vice President or Cashier West Point...........................The First National Bank of West Point.................................... Chairman, President, Vice President or Cashier MISSOURI AIfton...................................Gravois Bank............................................................ Boonville..............................National Bank of Boonville................................... Cape Girardeau.................. The First National Bank of Cape Girardeau---Chillicothe........................... The Citizens National Bank of Chillicothe.......... Columbia............................. The Boone County National Bank of Columbia Columbia.............................Columbia National Bank........................................ Farmington.........................United Bank of Farmington................................... Fenton................................. Fenton Bank............................................................. Fulton..................................The Callaway Bank................................................. Hannibal..............................The Hannibal National Bank................................ Jefferson City......................The Exchange National Bank of Jefferson City. Kirkwood.............................The Kirkwood Bank............................................... Lebanon...............................State Bank of Lebanon........................................... Lemay..................................Lemay Bank and Trust Company........................ — 6— Chairman, President, Vice President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President or Cashier President, Vice President or Cashier Cashier President, Vice President or Cashier Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier MISSOURI—Continued CITY Maplewood. . Marshall. . . . Marshall.... Mexico.......... Moberly....... Moberly....... Pine Lawn. . . St. Charles.. St. Louis. . .. St. Louis.. . . St. Louis... . St. Louis... . St. Louis.. .. Sedalia.......... Springfield. . . Trenton........ Vandalia. Warrensburg Washington. Wellston....... West Plains. NAME OF BANK The Citizens National Bank of Maplewood. Farmers Savings Bank..................................... Wood & Huston Bank.................................... Mexico Savings Bank....................................... City Bank and Trust Company of Moberly. Mechanics Bank & Trust Company.............. Pine Lawn Bank and Trust Company.......... The First National Bank of Saint Charles. . Bremen Bank & Trust Company................... Chippewa Trust Co........................................... Easton-Taylor Trust Company...................... North St. Louis Trust Company.................... Southern Commercial and Savings Bank. . . . The Third National Bank of Sedalia............. The Southern Missouri Trust Company....... The Trenton National Bank........................... Vandalia State Bank........................................ The Peoples National Bank of Warrensburg Franklin County Bank..................................... The First National Bank of Wellston........... The First National Bank of West Plains. . . VOTING OFFICER President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier President or Vice President Chairman, President, Cashier or Assistant Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President President or Vice President Chairman, President, Vice President or Cashier President or Secretary Chairman, President or Treasurer President Chairman or President Chairman, President, Vice President or Secretary Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier TENNESSEE Dyersburg............................First-Citizens National Bank of Dyersburg. . Jackson................................The First National Bank of Jackson.............. Jackson................................The National Bank of Commerce of Jackson Jackson................................ The Second National Bank of Jackson.......... Union City.......................... Old & Third National Bank of Union City. . — 7 — Chairman, Chairman, Chairman, Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier President, Vice President or Cashier President, Vice President or Cashier
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