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Federal Reserve Bank OF DALLAS Dallas, Texas, May 20, 1955 T o the Principal Executive Officer of the Member Bank Addressed: Enclosed is a loose-leaf copy o f the new and revised Directory of the Federal Reserve Bank o f Dallas. Please substitute this new Directory for the one which you now have in your binder of regulations o f the Board o f Governors and bulletins o f the Federal Reserve Bank o f Dallas. I f you should desire copies o f the pamphlet form of this Directory for the use o f other officers o f your bank who have occasion to contact the officials o f the Head Office or branches o f the Federal Reserve Bank o f Dallas, we will be glad to make copies available upon request. Sincerely yours, Watrous H . Irons President Enclosure This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) D IR E C TO R Y OF THE FEDERAL RESERVE BANK OF DALLAS Head Office, 4 0 0 South Akard Street, Dallas, Texas Mailing Address Station K Dallas 2, Texas Telephone: RAndolph 3271 (F or night, Sunday, and holiday emergency calls, use RAndolph 2175) El Paso Branch, 351 Myrtle Avenue, El Paso, Texas Mailing Address P. O. B ox 100 El Paso, Texas Telephone: 2-1681 Houston Branch, 1301 Texas Avenue, Houston, Texas Mailing Address P. O. B ox 2578 Houston 1, Texas Telephone: PReston 8281 San Antonio Branch, Navarro and Villita Sts., San Antonio, Texas Mailing Address P .O .B o x 1471 San Antonio 6, Texas Telephone: CApitol 7-4153 CONTENTS Page Functions, Departments, Principal Operations, and Persons in Charge Head Office Accounting__________________________________________________ 1 Auditing_____________________________________________________ 1 Bank and public relations____________________________________ 2 Bank examination and supervision___________________________ 2 Cash_____ __________ 3 Collections — checks, other cash items, and noncash items____ 3 Commodity credit loans--------------------4 Fiscal agency________________________________________________ 4 Legal_________________ 5 Loans and rediscounts_______________________________________ 5 Personnel____________________________________________________ 5 Regulations o f the Board o f Governors______________________ 8 Remittances on R F C pool loans_____________________________ 4 Research and statistical_____________________________________ 6 Reserve accounts o f member banks______ 1 Secretary o f the Board o f Directors_________________________ 6 Securities Issuance, redemption, and exchange______________________ 4 Purchase and sales*-___ _________________________________ 3 Safekeeping______________________________________________ 3 Services — building and other operations____________________ 7 El Paso Branch_________________________________________________ 9 Houston Branch_________________________________________________ 10 San Antonio Branch____________________________________________ 11 Directors Federal Reserve Bank o f Dallas-----------------------------------------------E l Paso Branch_________________________________________________ Houston Branch-------------------------------------------------------------------------San Antonio Branch-------------------------------------------------------------------- 12 14 15 16 Officers Federal Reserve Bank o f Dallas-----------------------------------------------E l Paso Branch_________________________________________________ Houston Branch_________________________________________________ San Antonio Branch_____________________________________________ 13 14 15 16 Federal Advisory Council Member______________________________ 17 Industrial Advisory Committee__________________________________ 17 FEDERAL RESERVE BANK OF DALLAS President W A T R O U S H . IR O N S First V ice President W . D. G E N T R Y HEAD OFFICE ACCOUNTING E. B. Austin, V ice President E. H. Berg, Assistant Cashier Accounting Department: C. R. Wallin, Manager General Books and Bank Accounts Division Member bank reserve accounts Reserve deficiencies Nonmember bank clearing accounts Signature authorities Stop-payment orders Administration and interpretation o f Regulation D —-Reserves o f Member Banks Expenditures Division Issuance o f voucher checks in payment o f expenses (except pay roll) o f Federal Reserve Bank Dividends on Federal Reserve Bank stock Administration and interpretation o f Regulation I — Increase or Decrease o f Capital Stock o f Federal Reserve Banks and Cancellation o f Old and Issue o f New Stock Certificates Transfer o f Funds Division Telegraphic transfers o f funds Mail transfers o f funds AUDITING G. R. M urff, General Auditor Auditing Department: I. J. Reed, Manager Reconciliation o f reserve and deferred credits accounts and verifica tion o f other accounts Check disposition o f incoming money and security shipments Obtain receipts for outgoing money and security shipments 1 Revised May 16, 1955. 2 D IR E C T O R Y bank: and p u b l ic r e l a t io n s Harry A . Shuford, V ice President and General Counsel W . D . Waller, Assistant Cashier Bank and Public Relations Department: H . M . Faulkner, Field Representative Visits to member and nonmember banks Visitors at Federal Reserve Bank Tours o f building Relations with schools and colleges Federal Reserve Bank’s paper currency exhibits Sound film, “ The Federal Reserve Bank and Y ou ” BANK EXAMINATION AND SUPERVISION L. G. Pondrom, V ice President Examination Department Examination o f state member banks and affiliates Applications for membership in Federal Reserve System Administration and interpretation o f Regulations: F — Trust Powers o f National Banks H — Membership o f State Banking Institutions in the Federal Reserve System K — Banking Corporations Authorized to Do Foreign Banking Business Under the Terms o f Section 2 5 (a ) o f the Federal Reserve A ct L — Interlocking Bank Directorates Under the Clayton A ct M— Foreign Branches o f National Banks and of Corporations Organized Under the Provisions o f Section 2 5 (a ) o f the Federal Reserve A ct N— Relations with Foreign Banks and Bankers O — Loans to Executive Officers o f Member Banks P— Holding Company Affiliates— Voting Permits Q — Payment o f Interest on Deposits R — Relationships with Dealers in Securities Under Section 32 o f the Banking A ct o f 1933 T — Extension and Maintenance o f Credit by Brokers, Dealers, and Members o f National Securities Exchanges U — Loans by Banks for the Purpose o f Purchasing or Carrying Stocks Registered on a National Securities Exchange Revised May 16, 1955. 3 D IR E C T O R Y CASH AND SECURITIES W . H . Holloway, Vice President and Cashier Howard Carrithers, Assistant V ice President Cash Department: H. M. Simmons, Manager Money Division Shipment and delivery of currency and coin Receipt and verification o f currency and coin Reports o f unusual currency transactions on Form T C R -1, pur suant to request o f U. S. Treasury Department Securities Division Purchase and sale o f securities for account of member banks Receipt and delivery o f securities purchased or sold fo r account o f member banks Custody o f securities for member banks Telegraphic transfer o f bearer Government securities Payment o f coupons o f the United States Government and gov ernmental agencies COLLECTIONS— CHECKS, OTHER CASH ITEMS, AND NONCASH ITEMS Howard Carrithers, Assistant V ice President T. A . Hardin, Assistant Cashier Transit Department: James L. Cauthen, Manager Collection o f cash items Checks and other cash items Government checks drawn on the Treasurer o f the United States Postal money orders Direct routing o f checks and other cash items to Federal Reserve banks and branches by member and nonmember clearing banks Returned or dishonored items Check routing symbol program Administration and interpretation o f Regulation J— Check Clear ing and Collection Collection o f noncash items Notes, drafts, and other noncash items Corporate bonds and coupons payable in continental United States Administration and interpretation o f Regulation G— Collection of Noncash Items Post office deposits Revised May 16, 1'955. 4 D IR E C T O R Y FISCAL AGENCY T. W . Plant, V ice President Herman W . Kilman, Assistant Cashier Fiscal Agency Department: R oy E. Bohne, Manager United States savings bonds Lost, stolen, mutilated, or destroyed savings bonds Sales and redemptions o f savings bonds Accounts o f issuing and paying agents Reissues and corrections Marketable Government securities Denominational exchange Exchange o f bearer for registered bonds Exchange o f registered for bearer bonds Transfer o f registered bonds Exchange subscriptions Forms for subscriptions, exchanges, transfers, etc. Lost, stolen, destroyed, or mutilated securities Payment or redemption Subscriptions and tenders to new offerings o f Government securities Federal taxes Qualification o f depositaries Deposit o f taxes Duplicate receipts Treasury tax and loan accounts Withdrawal calls Qualification o f depositaries Record o f accounts Record o f collateral Treasury savings notes— sale and redemption Armed Forces Leave Bonds— redemption Commodity Credit Corporation Department: H . M . Adams, Manager Disbursements under cotton loan program Issuance, servicing, and redemption o f CCC certificates o f interest Custody o f Government cotton loan notes and warehouse receipts Disbursements and remittances for Commodity Stabilization Service Remittances from servicing agents o f R F C pool loans Securities o f the Public Housing Administration Revised May 16, 1955. S D IR E C T O R Y LEGAL Harry A . Shuford, Vice President and General Counsel George F. Rudy, Assistant Counsel and Assistant Secretary o f the Board LOANS AND REDISCOUNTS E. B. Austin, V ice President Herman W . Kilman, Assistant Cashier Loan and Securities Department: E. G. Hudel, Manager Collection and analysis o f credit data Distribution o f financial statement forms Record o f Federal Reserve Bank’s investment in Government securities Administration and interpretation o f Regulations: A — Advances and Discounts by Federal Reserve Banks B— Open Market Purchases o f Bills o f Exchange, Trade Accept ances, and Bankers’ Acceptances Under Section 14 C— Acceptance by Member Banks o f Drafts or Bills o f Exchange S— Industrial Loans by Federal Reserve Banks (direct and par ticipation) V — Loan Guarantees for Defense Production PERSONNEL Harry A . Shuford, Vice President and General Counsel James A. Parker, Director o f Personnel Personnel Department: W m . F. Pope, Jr., Manager Employment Employee records Preparation o f payroll Job analysis and evaluation Salary and personnel policy surveys Medical examinations and first aid Employee counseling Employee publication Hospitalization and insurance Retirement system Cafeteria service for officers and employees Revised May 16, 1955. 6 D IR E C T O R Y RESEARCH AND STATISTICAL Morgan H. Rice, V ice President and Secretary o f the Board Philip E. Coldwell, Director o f Research Research Department Research: Jack D. Colclough, Petroleum and General Economist Ralph T. Green, Financial Economist T . E. McMillan, Jr., Industrial Economist J. Z. Rowe, Agricultural Economist Charls E. Walker, Financial Economist Assembling and analyzing economic data— agriculture, trade, finance, and industry Monthly Business Remew Agricultural N ew s Letter Agricultural N ew s o f the W eek Banking, business, agricultural, and other economic releases Statistical: Zenas B. Smith, Administrative Assistant Collection o f statistical data on banking, retail trade, and con sumer credit Preparation o f statistical tabulations and reports Foreign exchange transactions— reports Research Library: Mabel Wilkerson, Librarian Economic publications— books, periodicals, newspapers, special reports, government documents and releases, economic and financial services, and other material to facilitate research SECRETARY OF THE BOARD OF DIRECTORS Morgan H . Rice, Vice President and Secretary o f the Board George F. Rudy, Assistant Counsel and Assistant Secretary o f the Board Office o f the Secretary o f the Board o f Directors Proceedings o f meetings o f Board o f Directors and committees o f Board o f Directors Election o f Class A and Class B directors by member banks Information regarding directors Revised May 16, 1955. 7 D IR E C T O R Y SERVICES— BUILDING AND OTHER OPERATIONS W . H . Holloway, V ice President and Cashier W . D. Waller, Assistant Cashier Service Department: J. A . Hall, Manager Federal Reserve Postal Substation “ K ” Mail— incoming and outgoing Protection— fire and safety Telephone service W ire service— private and commercial Purchase of equipment and supplies Maintenance o f furniture and equipment Building operations General files and records Printing and duplicating services Interdepartmental communications— messenger service and pneumatic tube system Revised H ay 16, 1955. 8 D IR E C T O R Y REGULATIONS OF TH E BOARD OF GOVERNORS A — Advances and Discounts by Federal Reserve Banks___ E. B. Austin B— Open Market Purchases of Bills o f Exchange, Trade Acceptances, and Bankers’ Accept ances Under Section 14__________________________ E. B. Austin C— Acceptance by Member Banks o f Drafts or Bills o f Exchange______________________________________E. B. Austin D — Reserves o f Member Banks______________________ _____ E. B. Austin E— Purchase o f Warrants________________________________ E. B. Austin F— Trust Powers o f National Banks____________________L. G. Pondrom G— Collection o f Noncash Items___________________ H oward Carrithers H —-Membership o f State Banking Institutions in the Federal Reserve System___________________ L. G. Pondrom I— Increase or Decrease o f Capital Stock o f Fed eral Reserve Banks and Cancellation o f Old and Issue o f New Stock Certificates_________ E. B. Austin J— Check Clearing and Collection___________________ Howard Carrithers K — Banking Corporations Authorized to D o F or eign Banking Business Under the Terms o f Section 25 (a ) o f the Federal Reserve A ct______ L. G. Pondrom L — In terlock in g Bank D irectora tes U n d er the Clayton A ct___________________________________ L. G. Pondrom M — Foreign Branches o f National Banks and o f Corporations Organized Under the Provi sions o f Section 2 5 (a ) o f the Federal Reserve A ct___________________________________ L. G. Pondrom N— Relations with Foreign Banks and Bankers_________L. G. Pondrom O — Loans to Executive Officers o f Member Banks_____ L. G. Pondrom P— H olding Company Affiliates— Voting Permits_______L. G. Pondrom Q — Payment o f Interest on Deposits____________________L. G. Pondrom R — Relationships with Dealers in Securities Under Section 32 o f the Banking A ct o f 1933_________L. G. Pondrom S— Industrial Loans by Federal Reserve Banks____________ E. B. Austin T— Extension and Maintenance o f Credit by B ro kers, Dealers, and Members o f National Securities Exchanges__________________________ L. G. Pondrom U— Loans by Banks for the Purpose o f Purchas ing or Carrying Stocks Registered on a National Securities Exchange_________________ L. G. Pondrom V — Loan Guarantees for Defense Production_______ ______ E. B. Austin Revised May 16, 1955. 9 D IR E C T O R Y EL P A SO BR AN C H Vice President in Charge C. M . R O W L A N D Cashier: A L V I N E. R U S S E L L Assistant Cashier: T. C. A R N O L D Loan and discount operations Member bank reserve accounts Purchase and sale o f securities for account o f member banks N o n m e m b e r ban k c le a r in g accounts Receipt and delivery o f securi ties purchased or sold fo r account o f member banks Signature authorities Delivery o f bearer Government securities pursuant to tele graphic transfer from other Federal Reserve banks Telegraphic transfers o f funds C h eck collection s, including government checks drawn on the Treasurer o f the United S ta te s and p o s ta l m o n e y orders Receipt and verification o f cur rency and coin Noncash collections Administration and interpreta tion o f Regulation U — Loans by Banks f o r the P u rpose o f P u rch asin g or C arrying Stocks Registered on a Na tional Securities Exchange Stop-payment orders Mail transfers o f funds Payment o f currency and coin R ep orts o f unusual cu rren cy transactions on Form TC R -1, pursuant to instructions from the Treasury Department P a y m e n t o f cou p on s o f the U nited States G overnm ent and governmental agencies Issue, exchange, and redemp tion United States savings bonds U n ite d States marketable securities Treasury tax and loan accounts Treasury savings notes Withholding tax deposits Safekeeping o f securities May 16, 1955 10 D IR E C T O R Y H O U S T O N BR AN CH Vice President in Charge J. L. C O O K Cashier H . K . D A V IS Assistant Cashier: T H O M A S R. S U L L IV A N Assistant Cashier: B. J. T R O Y Loan and discount operations Member bank reserve accounts Purchase and sale o f securities for account o f member banks N o n m e m b e r b an k c le a r in g accounts Receipt and delivery o f securi ties purchased or sold fo r account o f member banks Signature authorities Delivery o f bearer Government securities pursuant to tele graphic transfer from other Federal Reserve banks C h e ck collection s, including government checks drawn on the Treasurer o f the United S ta te s and p o s ta l m o n e y orders Noncash collections Administration and interpreta tion o f Regulation U — Loans by Banks fo r the P urpose o f Pu rch asin g or C arryin g Stocks Registered on a Na tional Securities Exchange Stop-payment orders Telegraphic transfers o f funds Mail transfers o f funds Payment o f currency and coin Receipt and verification o f cur rency and coin R eports o f unusual cu rren cy transactions on Form TC R -1, pursuant to instructions from the Treasury Department P a y m e n t o f cou p on s o f the U nited States G overnm ent and governmental agencies Issue, exchange, and redemp tion United States savings bonds U n ite d States m arketable securities Treasury tax and loan accounts Treasury savings notes Withholding tax deposits Safekeeping of securities Armed Forces Leave Bonds Revised May 16, 1955. 11 D IR E C T O R Y SAN A N T O N IO BR AN CH V ice President in Charge W . E. E A G L E Cashier A . E. M U N D T Assistant Cashier: F. C. M A G E E Assistant Cashier: C A R L H. M O O R E Loan and discount operations Member bank reserve accounts Purchase and sale o f securities for account o f member banks N o n m e m b e r b an k c le a r in g accounts Receipt and delivery o f securi ties purchased or sold fo r account o f member banks Signature authorities Stop-payment orders Delivery o f bearer Government securities pursuant to tele graphic transfer from other Federal Reserve banks Telegraphic transfers o f funds C h e ck collection s, including government checks drawn on the Treasurer o f the United S ta te s and p o s ta l m o n e y orders Receipt and verification o f cur rency and coin Noncash collections P a y m e n t o f cou pon s o f the U nited States G overnm ent and governmental agencies Mail transfers o f funds Payment o f currency and coin R eports o f unusual cu rren cy transactions on Form TC R -1, pursuant to instructions from the Treasury Department Safekeeping o f securities Issue, exchange, and redemp tion United States savings bonds U n ite d States marketable securities Treasury tax and loan accounts Treasury savings notes Withholding tax deposits Armed Forces Leave Bonds Administration and interpreta tion o f Regulation U — Loans by Banks f o r the P u rpose o f Pu rch asin g or C arrying Stocks Registered on a Na tional Securities Exchange Revised May 16, 1955. 12 D IR E C T O R Y F E D E R A L R ESE R VE B A N K O F D A LLA S DIRECTORS R O B E R T J. S M IT H (Chairman and Federal R eserve A gen t) President, Pioneer A ir Lines, Inc., and Business Managers, Inc. Dallas, Texas H A L BOGLE (D eputy Chairman) Rancher and Feeder, Dexter, New M exico J O H N R. A L F O R D Industrialist and Farmer Henderson, Texas H E N R Y P. D R O U G H T Attorney at Law San Antonio, Texas D. A . H U L C Y Chairman o f the Board and President Lone Star Gas Company President Lone Star Producing Company Dallas, Texas M cL a u g h l i n President Security State Bank & Trust Company Ralls, Texas W . L. P E T E R S O N President The State National Bank o f Denison Denison, Texas J. B. T H O M A S President and General Manager and Director Texas Electric Service Company Fort W orth, Texas Vice President and Director Texas Utilities Company Dallas and Fort W orth, Texas j. e d d Revised May 16, 1955. S A M D. Y O U N G President El Paso National Bank El Paso, Texas 13 D IR E C T O R Y F E D E R A L R ESE R VE B A N K O F D A LLA S OFFICERS W A T R O U S H . IR O N S , President W . D. G E N T R Y , First Vice President E. B. A U S T IN , Vice President J. L. C O O K , Vice President (In charge o f Houston Branch) W . E. E A G L E , Vice President (In charge o f San Antonio Branch) W . H . H O L L O W A Y , Vice President and Cashier T . W . P L A N T , V ice President L. G. P O N D R O M , Vice President M O R G A N H . R IC E , Vice President and Secretary o f the Board C. M . R O W L A N D , Vice President (In charge o f El Paso Branch) H A R R Y A . S H U F O R D , Vice President and General Counsel G. R. M U R F F , General Auditor H O W A R D C A R R IT H E R S , Assistant Vice President E. H . B E R G , Assistant Cashier T. A . H A R D IN , Assistant Cashier H E R M A N W . K IL M A N , Assistant Cashier W . D. W A L L E R , Assistant Cashier P H IL IP E. C O L D W E L L , D irector o f Research J A M E S A . P A R K E R , Director o f Personnel W . M . P R IT C H E T T , Executive Assistant G E O R G E F. R U D Y , Assistant Counsel and Assistant Secretary o f the Board Revised May 16, 1955. 14 D IR E C T O R Y EL P A S O B R AN C H DIRECTORS E. J. W O R K M A N (Chairman) President, and Director o f Research and Development Division New M exico Institute o f Mining and Technology Socorro, New M exico F. W . B A R T O N President The M arfa National Bank M arfa, Texas J O H N P. B U T L E R President The First National Bank o f Midland Midland, Texas JA M E S A . D IC K President James A. Dick Investment Company El Paso, Texas T H O M A S C. P A T T E R S O N Vice President El Paso National Bank El Paso, Texas J. M. S A K R IS O N President Southern Arizona Bank & Trust Company Tucson, Arizona D. F. S T A H M A N N Farmer Las Cruces, New M exico OFFICERS C. M . R O W L A N D , Vice President in Charge A L V IN E. R U S S E L L , Cashier T . C. A R N O L D , Assistant Cashier Revised May 16, 1955. 15 D IR E C T O R Y H O U S T O N B R AN C H DIRECTORS H E R B E R T G. S U T T O N (Chairman) T. O. Sutton and Sons Colmesneil, Texas I. F. B E T T S President The American National Bank of Beaumont Beaumont, Texas J O H N C. F L A N A G A N Vice President and General Manager Texas Distribution Division United Gas Corporation Houston, Texas L. R. B R Y A N , JR. President The Second National Bank o f Houston Houston, Texas S. M A R C U S G R E E R Chairman o f Executive Committee The City National Bank o f Houston Houston, Texas W . B. C A L L A N President The Victoria National Bank Victoria, Texas T Y R U S R. T IM M Head Department of Agricultural Economics and Sociology A . & M . College o f Texas College Station, Texas OFFICERS J. L. C O O K , Vice President in Charge H . K . D A V IS , Cashier T H O M A S R. S U L L IV A N , Assistant Cashier B. J. T R O Y , Assistant Cashier Revised May 16, 1955. 16 D IR E C T O R Y SA N A N T O N IO B R AN CH DIRECTORS D. H A Y D E N P E R R Y (Chairman) Livestock farming Robstown, Texas C L A R E N C E E. A Y R E S Professor of Economics The University o f Texas Austin, Texas J. W . B E R E T T A President First National Bank of San Antonio San Antonio, Texas BURTON DUNN President The Corpus Christi National Bank Corpus Christi, Texas V . S. M A R E T T President Gonzales State Bank Gonzales, Texas E. C. B R E E D L O V E President The First National Bank o f Harlingen Harlingen, Texas A L E X R. T H O M A S Vice President Geo. C. Vaughan & Sons San Antonio, Texas OFFICERS W . E. E A G L E , Vice President in Charge A . E. M U N D T , Cashier F. C. M A G E E , Assistant Cashier C A R L H . M O O R E , Assistant Cashier Revised May 16, 1955. 17 D IR E C T O R Y FE D E R A L R ESE R VE B A N K O F D A LLAS FEDERAL ADVISORY COUNCIL MEMBER G E O R G E G .M A T K I N President The State National Bank o f El Paso El Paso, Texas INDUSTRIAL ADVISORY COMMITTEE W . P. B O M A R President and General Manager Bewley Mills Fort W orth, Texas J A K E L. H A M O N Oil Producer Dallas, Texas IR A T. M O O R E M oore & Co. Dallas, Texas L A W R E N C E S. P O L L O C K President Pollock Paper Corporation Dallas, Texas ROSS STE W A R T Chairman o f the Board Stewart & Stevenson Houston, Texas Revised May 16, 1955.
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