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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, June 8, 1962 To the Principal Executive Officer of the Member Bank Addressed: Enclosed with this letter are pages 1 to 8, inclusive, and 11 to 14, inclusive, of the Directory of the Federal Reserve Bank of Dallas and Branches. These pages reflect recent changes in the official staff of the Bank and in the departmental assignments of some of the officers. Please substitute these pages for pages 1 to 8, inclusive, and 11 to 14, inclusive, now in your directory, revised February 10, 1962. Sincerely yours, Watrous H. Irons President Enclosures This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) HEAD OFFICE Federal Reserve Bank of Dallas DIRECTORS Chairman of the Board and Federal Reserve Agent RO BERT O. ANDERSON Deputy Chairman LA M A R FLEMING, JR. CLASS A DIRECTORS JOHN M. GRIFFITH, President, The City National Bank of Taylor, Taylor, Texas J. EDD M cLAUGH LIN, President, Security State Bank & Trust Company, Ralls, Texas RO Y RIDD EL, President, First National Bank at Lubbock, Lubbock, Texas CLASS B DIRECTORS D. A. HULCY, Chairman of the Board, Lone Star Gas Company, Dallas, Texas J. B. PERRY, JR., President and General Manager, Perry Brothers, Inc., Lufkin, Texas H. B. ZACH RY, President and Chairman of the Board, H. B. Zachry Company, San Antonio, Texas CLASS C DIRECTORS ROBERT O. ANDERSON, President, Hondo Oil & Gas Company, Roswell, New Mexico MORGAN J. DAVIS, Chairman of the Board, Humble Oil & Refining Company, Houston, Texas LAM AR FLEMING, JR., Member, Board of Directors, Anderson, Clayton and Company, Inc., Houston, Texas FEDERAL ADVISORY COUNCIL MEMBER I. F. BETTS, President, The American National Bank of Beaumont, Beaumont, Texas Revised February 10, 1962 1 HEAD OFFICE Federal Reserve Bank of Dallas OFFICERS W A TR O U S H. IRONS, President H AR RY A. SHUFORD, First Vice President H O W A R D CARRITHERS, Vice President JAMES L. CAUTHEN, Vice President P. E. CO RD W ELL, Vice President T. A. HARDIN, Vice President G. R. MURFF, Vice President and Secretary of the Board JAMES A. PARKER, Vice President T. W . PLAN T, Vice President and Cashier W. M. PRITCH ETT, Vice President THOM AS R. SU LLIVAN , Vice President A R T H U R H. LANG, General Auditor GEORGE F. RUDY, General Counsel ROBERT H. BOYKIN, Assistant Counsel and Assistant Secretary of the Board E. H. BERG, Assistant Cashier FREDRIC W. REED, Assistant Cashier E. A. T H A X T O N , JR., Assistant Cashier E. W . VO RLO P, JR., Assistant Cashier JAMES O. RUSSELL, Chief Examiner 2 Revised June 8, 1962 HEAD OFFICE Federal Reserve Bank of Dallas HEAD OFFICE ACCOUNTING G. R. Murff, Vice President and Secretary of the Board E. W. Vorlop, Jr., Assistant Cashier C. R. Wallin, Manager General Books and Bank Accounts Division Member bank reserve accounts Orders for drafts on Federal Reserve Bank Reserve deficiencies Nonmember bank clearing accounts Signature authorities Stop-payment orders Administration and interpretation of Regulation D — Reserves of Member Banks Expenditures Division Issuance of voucher checks in payment of expenses (except payroll) of Federal Reserve Bank Dividends on Federal Reserve Bank stock Administration and interpretation of Regulation I — Increase or Decrease of Capital Stock of Federal Reserve Banks and Cancelation of Old and Issue of New Stock Certificates Transfer of Funds Division Telegraphic transfers of funds Mail transfers of funds AUDITING Arthur H. Lang, General Auditor Herman B. Hudson, Assistant General Auditor Reconciliation of reserve and deferred credits accounts and verifica tion of other accounts Check disposition of incoming money and security shipments and obtain receipts for outgoing money and security shipments 3 Revised June 8, 1962 HEAD OFFICE Federal Reserve Bank of Dallas BANK AND PUBLIC RELATIONS P. E. Coldwell, Vice President E. H. Berg, Assistant Cashier H. M. Faulkner, Field Representative Visits to member and nonmember banks Visitors at Federal Reserve Bank Tours of building Relations with schools and colleges Federal Reserve Bank’s paper currency exhibits Sound films on the Federal Reserve System BANK EXAMINATION AND SUPERVISION Thomas R. Sullivan, Vice President James O. Russell, Chief Examiner Examination of state member banks and affiliates Applications for membership in Federal Reserve System Administration and interpretation of Regulations: F—Trust Powers of National Banks H —Membership of State Banking Institutions in the Federal Reserve System K— Corporations Doing Foreign Banking or Other Foreign Fi nancing Under the Federal Reserve Act F— Interlocking Bank Directorates Under the Clayton Act M— Foreign Branches of National Banks and of Corporations Organized Under the Provisions of Section 25(a) of the Federal Reserve Act N—Relations with Foreign Banks and Bankers O—Loans to Executive Officers of Member Banks P— Holding Company Affiliates—Voting Permits Q—Payment of Interest on Deposits R—-Relationships with Dealers in Securities Under Section 32 of the Banking Act of 1933 4 Revised June 8, 1962 HEAD OFFICE Federal Reserve Bank of Dallas BANK EXAMINATION AND SUPERVISION (Continued) T— Credit by Brokers, Dealers, and Members of National Securi ties Exchanges U— Loans by Banks for the Purpose of Purchasing or Carrying Registered Stocks Y — Bank Holding Companies CASH AND SECURITIES T. W. Plant, Vice President and Cashier E. A. Thaxton, Jr., Assistant Cashier H. M. Adams, Manager Money Division Shipment and delivery of currency and coin Receipt and verification of currency and coin Reports of unusual currency transactions on Form TCR-1, pur suant to request of United States Treasury Department Postmasters’ deposits Securities Division Purchase and sale of securities for account of member banks Receipt and delivery of securities purchased or sold for account of member banks Custody of securities for member banks Telegraphic transfer of bearer Government securities Payment of coupons of the United States Government and gov ernmental agencies COLLECTIONS — CHECKS, OTHER CASH ITEMS, AND NONCASH ITEMS (TRANSIT DEPARTMENT) James L. Cauthen, Vice President Fredric W . Reed, Assistant Cashier J. D. Metze, Manager Collection of cash items Checks and other cash items Government checks drawn on the Treasurer of the United States Postal money orders 5 Revised June 8, 1962 HEAD OFFICE Federal Reserve Bank of Dallas (TRANSIT DEPARTMENT) (Continued) Direct routing of checks and other cash items to Federal Reserve banks and branches by member and nonmember clearing banks Returned or dishonored items Magnetic ink character recognition program Check routing symbol program Administration and interpretation of Regulation J — Check Clearing and Collection Collection of noncash items Notes, drafts, and other noncash items Corporate bonds and coupons Administration and interpretation of Regulation G — Collection of Noncash Items Food Stamp Program COMMODITY CREDIT CORPORATION Howard Carrithers, Vice President E. H. Berg, Assistant Cashier H. M. Simmons, Manager Disbursements and collections in connection with cotton loan pro gram for New Orleans office of Agricultural Stabilization and Conservation Service Disbursements and collections covering other loan programs for Dallas office of Agricultural Stabilization and Conservation Service FISCAL AGENCY T. A. Hardin, Vice President E. A. Thaxton, Jr., Assistant Cashier Tony J. Salvaggio, Manager United States savings bonds Accounts of issuing agents Issue, reissue, and redemption of savings bonds Lost, stolen, or destroyed savings bonds 6 Revised June 8, 1962 HEAD OFFICE Federal Reserve Bank of Dallas FISCAL AGENCY (Continued) Paying agent settlement Qualification of issuing and paying agents Shipments of savings bonds Marketable Government securities Issue, exchange, transfer, and redemption of securities Lost, stolen, or destroyed securities Subscriptions to cash or exchange offerings of Government securities Treasury tax and loan accounts Accounts of depositaries (deposits and collateral) Qualification of depositaries Withdrawal calls Federal taxes Deposit of taxes Duplicate receipts Qualification of depositaries LEGAL George F. Rudy, General Counsel Robert H. Boykin, Assistant Counsel and Assistant Secretary of the Board LOANS AND REDISCOUNTS T. W . Plant, Vice President and Cashier Fredric W . Reed, Assistant Cashier Jesse D. Sanders, Assistant Manager Collection and analysis of credit data Record of Federal Reserve Bank’s investment in Government securities Administration and interpretation of Regulations: A—Advances and Discounts by Federal Reserve Banks 7 Revised June 8, 1962 HEAD OFFICE Federal Reserve Bank of Dallas LOANS AND REDISCOUNTS (Continued) B— Open Market Purchases of Bills of Exchange, Trade Accept ances and Bankers’ Acceptances Under Section 14 C—Acceptance by Member Banks of Drafts or Bills of Exchange E— Purchase of Warrants V — Eoan Guarantees for Defense Production MACHINE PROCESSING T. A. Hardin, Vice President E. W . Vorlop, Jr., Assistant Cashier John F. Yeilush, Manager Electric punch card accounting machine operations Maintain punch card files Preparation and revision of departmental procedures and main tenance of master file Design new forms and maintain forms control files PERSONNEL James A. Parker, Vice President Harry E. Robinson, Manager Employment Employee records Preparation of 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 8 Revised June 8, 1962 REGULATIONS OF THE BOARD OF GOVERNORS A—Advances and Discounts by Federal Reserve Banks----------------------------------------------------------- T. W . Plant B— Open Market Purchases of Bills of Exchange, Trade Acceptances and Bankers’ Accept ances Under Section 14________________ _______T. W . Plant C—Acceptance by Member Banks of Drafts or Bills of Exchange____________________________ T. W . Plant D— Reserves of Member Banks_______________________ G. R. Murff E— Purchase of Warrants___________________________ T. W . Plant F—Trust Powers of National Banks_______________ T. R. Sullivan G— Collection of Noncash Items.______ _________ James E. Cauthen H— Membership of State Banking Institutions in the Federal Reserve System________ __ __T. R. Sullivan I■ —■Increase or Decrease of Capital Stock of Fed eral Reserve Banks and Cancelation of Old and Issue of New Stock Certificates___________ G. R. Murff J — Check Clearing and Collection______________ James E. Cauthen K— Corporations Doing Foreign Banking or Other Foreign Financing Under the Federal Re serve A c t _________________________________ T. R. Sullivan L— Interlocking Bank D irectorates Under the Clayton Act ______________________________ T. R. Sullivan M— Foreign Branches of National Banks and of Corporations Organized Under the Provi sions of Section 25(a) of the Federal Reserve Act ______________________________ T. N— Relations with Foreign Banks and Bankers____T. O—Loans to Executive Officers of Member Banks__T. P— Holding Company Affiliates — Voting Permits..._T. Q— Payment of Interest on Deposits______________ T. R— Relationships with Dealers in Securities Under Section 32 of the Banking Act of 1933---------T. R. R. R. R. R. Sullivan Sullivan Sullivan Sullivan Sullivan R. Sullivan T — Credit by Brokers, Dealers, and Members of National Securities Exchanges_____________ T. R. Sullivan U— Loans by Banks for the Purpose of Purchasing or Carrying Registered Stocks_____________ T. R. Sullivan V — Loan Guarantees for Defense Production__________ T. W . Plant Y— Bank Holding Companies______________________T. R. Sullivan Revised June 8, 1962 11 EL PASO BRANCH Federal Reserve Bank of Dallas EL PASO BRANCH DIRECTORS Chairman of the Board ROGER B. CORBETT FRO YD CHILDRESS, Vice Chairman of the Board, The First National Bank of Roswell, Roswell, New Mexico ROGER B. CORBETT, President, New Mexico State University, University Park, New Mexico D YSAR T E. HOLCOMB, Director of Research, El Paso Natural Gas Products Company, El Paso, Texas JOSEPH F. IRVIN, President, Southwest National Bank of El Paso, El Paso, Texas W IL L IA M R. M ATH EW S, Editor and Publisher, The Arizona Daily Star, Tucson, Arizona CHARLES B. PERRY, President, First State Bank, Odessa, Texas DICK ROGERS, President, First National Bank in Alpine, Alpine, Texas OFFICERS RO Y E. BOHNE, Vice President in Charge T. C. ARNOLD, Cashier FORREST E. COLEMAN, Assistant Cashier 12 Revised June 8, 1962 EL PASO BRANCH Federal Reserve Bank of Dallas EL P A S O BRANCH RO Y E. BOHNE, Vice President in Charge T. C. ARN O LD , Cashier Loan and discount operations Member bank reserve accounts Orders for drafts on Federal Reserve Bank Reserve deficiencies Nonmember bank clearing accounts Signature authorities Stop-payment orders Telegraphic transfers of funds Mail transfers of funds Administration and interpretation of Regulation U — Loans by Banks for the Purpose of Purchasing or Carrying Registered Stocks FORREST E. COLEMAN, Assistant Cashier Check collections, including Government checks drawn on the Treasurer of the United States and postal money orders Purchase and sale of securities for account of member banks Receipt and delivery of securities purchased or sold for account of member banks 13 Revised June 8, 1962 EL PASO BRANCH Federal Reserve Bank of Dallas Delivery of bearer Government securities pursuant to telegraphic transfer from other Federal Reserve banks Noncash collections Food Stamp Program Payment of currency and coin Receipt and verification of currency and coin Reports of unusual currency transactions on Form TCR-1, pursuant to instructions from the Treasury Department Safekeeping of securities Payment of coupons of the United States Government and govern mental agencies Issue, exchange, and redemption United States savings bonds United States marketable securities Treasury tax and loan accounts Withholding tax deposits Commodity Credit activities AUDITING Charles R. Bell, Branch Auditor Reconciliation of reserve and deferred credits accounts and verifica tion of other accounts Check disposition of incoming money and security shipments and obtain receipts for outgoing money and security shipments 14 Revised June 8, 1962
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