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F e d e r a l R e s e r v e B a n k OF DALLAS Dallas, Texas, June 16, 1954 To the Principal Executive Officer of the Member Bank Addressed: Due to promotions and changes in the assignments of officers, we have made a complete revision of the Directory of the Federal Reserve Bank o f Dallas. Enclosed is a copy o f the new and revised Directory in loose-leaf form. Please substitute this new Directory for the one which you now have in your binder of regulations of the Board of Governors and bulletins of the Federal Reserve Bank of Dallas. If you should desire copies of the pamphlet form of this Direc tory for the use of other officers of your bank who have occasion to contact the officials of the Head Office or branches of the Federal Reserve Bank of 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) DIRECTORY of the FEDERAL RESERVE BANK OF DALLAS Head Office, 4 0 0 S. Akard Street, Dallas, Texas Mailing Address Station K Dallas, Texas Telephone: RAndolph-3271 (For night, Sunday, and holiday emergency calls, use RAndolph-2175) El Paso Branch, 351 Myrtle Avenue, El Paso, Texas Mailing Address P. 0. Box 100 El Paso, Texas Telephone: 2-1681 Houston Branch, 1301 Texas Avenue, Houston, Texas Mailing Address P. 0. Box 2578 Houston 1, Texas Telephone: PReston-8281 San Antonio Branch, Navarro and Villita Sts., San Antonio, Texas Mailing Address P. 0. Box 1471 San Antonio 6, Texas Telephone: Garfield-4153 CONTENTS Page FUNCTIONS, DEPARTMENTS, PRINCIPAL OPERATIONS, AND PERSONS IN CHARGE Head Office A ccounting_____________________________________________ Auditing _______________________________________________ Bank and public relations_____________ Bank examination and supervision_______________________ Cash __________________________________________________ Collections — checks, other cash items, and noncash items.... Commodity credit loans.............................................................. Fiscal agency__________________________________________ Legal __________________________________________________ Loans and rediscounts___________________________________ Personnel __ Regulations of the Board of Governors___________ Remittances on RFC pool loans................................................. Research and statistical__________________________________ Reserve accounts of member banks_______________________ Secretary of the Board of Directors_______________________ Securities Issuance, redemption, and exchange__________________ Purchase and sales_____________ Safekeeping _________________________________ Services— building and other operations......... ........ El Paso Branch____________________________________________ Houston Branch____________________________________________ San Antonio Branch_________________________________ 4 3 3 7 9 10 11 DIRECTORS Federal Reserve Bank of Dallas_____________________________ El Paso Branch...____ _______________________________________ Houston Branch____ ___ San Antonio Branch_______________________________________ 12 14 15 16 OFFICERS Federal Reserve Bank of Dallas__________ El Paso Branch_____________________________________________ Houston Branch --------San Antonio Branch_______ 13 14 15 16 FEDERAL ADVISORY COUNCIL MEMBER................... 17 INDUSTRIAL ADVISORY COMMITTEE 17 1 2 2 2 3 3 5 4 5 5 6 8 5 6 1 7 Functions, Departments, Principal Operations, and Persons in Charge FEDERAL RESERVE BANK OF DALLAS President WATROUS H. IRONS First Vice President W. D. GENTRY HEAD OFFICE ACCOUNTING E. B. Austin, Vice 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 of Regulation D— Reserves of Member Banks Expenditures Division Issuance of voucher checks in payment of expenses (except pay roll) 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 Page 1 — DIRECTORY Revised June 1,1954. AUDITING G. R. MurfF, General Auditor AUDITING DEPARTMENT: I. J. Reed, Manager Reconciliation of reserve and deferred credits accounts and verifi cation of other accounts Check disposition of incoming money and security shipments Obtain receipts for outgoing money and security shipments BANK AND PUBLIC RELATIONS Harry A. Shuford, Vice 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 of building Press relations Relations with schools and colleges Federal Reserve Bank’s paper currency exhibits Sound film, “ The Federal Reserve Bank and You” BANK EXAMINATION AND SUPERVISION L. G. Pondrom, Vice President N. B. Harwell, Chief Examiner EXAMINATION DEPARTMENT 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— Banking Corporations Authorized to Do Foreign Banking Business Under the Terms of Section 25(a) of the Federal Reserve Act L— 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 Page 2 — DIRECTORY Revised June 1, 1954 Administration and interpretation of Regulations ( Continued) N— Relations with Foreign Banks and Bankers 0 —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 T— Extension and Maintenance of Credit by Brokers, Dealers, and Members of National Securities Exchanges U— Loans by Banks for the Purpose of Purchasing or Carrying Stocks Registered on a National Securities Exchange CASH AND SECURITIES J. L. Cook, Vice President and Cashier Howard Carrithers, Assistant Vice President CASH DEPARTMENT: H. M. Simmons, 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 U. S. Treasury Department 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 J. L. Cook, Vice President and Cashier Howard Carrithers, Assistant Vice President TRANSIT DEPARTMENT: T. A. Hardin, Manager Collection of cash items Checks and other cash items Government checks drawn on the Treasurer of the United States Postal money orders Page 3 — DIRECTORY Revised June 1, 1954. Collection of cash items (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 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 payable in continental United States Administration and interpretation of Regulation G — Collec tion of Noncash Items FISCAL AGENCY T. W. Plant, Vice President Herman W. Kilman, Assistant Cashier FISCAL AGENCY DEPARTMENT: J. L. Cauthen, Manager United States savings bonds Lost, stolen, mutilated, or destroyed savings bonds Safekeeping of savings bonds for owners Sales and redemptions of savings bonds Accounts of issuing and paying agents Reissues and corrections Marketable Government securities Denominational exchange Exchange of bearer for registered bonds Exchange of registered for bearer bonds Transfer of 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 of Government se curities Federal taxes Qualification of depositaries Deposit of taxes Duplicate receipts Treasury tax and loan accounts Withdrawal calls Qualification of depositaries Page 4 — DIRECTORY Revised June 1, 1954. Treasury tax and loan accounts Record of accounts Record of collateral (Continued) 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 of CCC certificates of interest Custody of Government cotton loan notes and warehouse receipts Disbursements and remittances for Commodity Stabilization Service Remittances from servicing agents of RFC pool loans Securities of the Public Housing Administration LEGAL Harry A. Shuford, Vice President and General Counsel George F. Rudy, Assistant Counsel and Assistant Secretary of the Board LOANS AND REDISCOUNTS E. B. Austin, Vice President Herman W. Kilman, Assistant Cashier LOAN AND SECURITIES DEPARTMENT: E. G. Hudel, Manager Collection and analysis of credit data Distribution of financial statement forms Record of Federal Reserve Bank’s investment in Government se curities Administration and interpretation of Regulations: A— Discounts For and Advances to Member Banks by Federal Reserve Banks 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 Ex change S— Industrial Loans by Federal Reserve Banks (direct and par ticipation) V— Loan Guarantees For Defense Production Page 5 — DIRECTORY Revised June 1, 1954. PERSONNEL Harry A. Shuford, Vice President and General Counsel James A. Parker, Director of Personnel PERSONNEL DEPARTMENT: Wm. F. Pope, Jr., 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 RESEARCH AND STATISTICAL Morgan H. Rice, Vice President and Secretary of the Board Philip E. Coldwell, Director of Research RESEARCH DEPARTMENT Research: J. D. Colclough, Economist Ralph T. Green, Financial Economist Carl H. Moore, Agricultural Economist W. M. Pritchett, Agricultural Economist Assembling and analyzing economic data— agriculture, trade, finance, and industry Monthly Business Review Agricultural News Letter Agricultural News of the Week Banking, business, agricultural, and other economic releases Statistical: Zenas B. Smith, Administrative Assistant Collection of statistical data on banking, retail trade, and con sumer credit Preparation of 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 Page 6 — DIRECTORY Revised June 1, 1954 SECRETARY OF THE BOARD OF DIRECTORS Morgan H. Rice, Vice President and Secretary of the Board George F. Rudy, Assistant Counsel and Assistant Secretary of the Board OFFICE OF THE SECRETARY OF THE BOARD OF DIRECTORS Proceedings of meetings of Board of Directors and committees of Board of Directors Election of Class A and Class B directors by member banks Information regarding directors SERVICES— BUILDING AND OTHER OPERATIONS E. B. Austin, Vice President 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 Wire service—private and commercial Purchase of equipment and supplies Maintenance of furniture and equipment Building operations General files and records Printing and duplicating services Interdepartmental communications— messenger service and pneu matic tube system Cafeteria service for officers and employees p aSe 7 — DIRECTORY Revised June 1,1954. REGULATIONS OF THE BOARD OF GOVERNORS A— Discounts For and Advances to Member Banks by Federal Reserve Banks...................................... E. B. Austin B— Open Market Purchases of Bills of Exchange, Trade Acceptances, and Bankers’ Accept ances Under Section 14...... ................. .............. . E. B. Austin C—Acceptance by Member Banks of Drafts or Bills of Exchange......................... ................ .................. E. B. Austin D—Reserves of Member Banks_______ ____ _____________E. B. Austin E— Purchase of Warrants__________ _____ ___ __________ E. B. Austin F— Trust Powers of National Banks.................................L. G. Pondrom G— Collection of Noncash Items.............................................. . J. L. Cook H— Membership of State Banking Institutions in the Federal Reserve System................................ L. G. Pondrom I— Increase or Decrease of Capital Stock of Fed eral Reserve Banks and Cancelation of Old and Issue of New Stock Certificates........................E. B. Austin J— Check Clearing and Collection............................................ J. L. Cook K— Banking Corporations Authorized to Do For eign Banking Business Under the Terms of Section 25 (a) of the Federal Reserve Act____ L. G. Pondrom L— Interlocking Bank Directorates Under the Clayton A c t ........ ...... ......................... ...............L. G. Pondrom M— Foreign Branches of National Banks and of Corporations Organized Under the Provi sions of Section 25(a) of the Federal Re serve A c t ................................................................L. G. Pondrom N— Relations With Foreign Banks and Bankers.............L. G. Pondrom 0 —Loans to Executive Officers of Member Banks.......... L. G. Pondrom P— Holding Company Affiliates— Voting Permits______L. G. Pondrom Q— Payment of Interest on Deposits.............................. L. G. Pondrom R— Relationships With Dealers in Securities Under Section 32 of the Banking Act of 1933...............L. G. Pondrom S— Industrial Loans by Federal Reserve Banks........... .....E. B. Austin T— Extension and Maintenance of Credit by Brokers, Dealers, and Members of National Securities Exchanges........................................... ............ ..... L. G. Pondrom U— Loans by Banks for the Purpose of Purchasing or Carrying Stocks Registered on a National Securities Exchange ________ _______________ L. G. Pondrom V— Loan Guarantees for Defense Production................... E. B. Austin Page 8 — DIRECTORY Revised June 1, 1954 EL PASO BRANCH Vice President in Charge C. M. ROWLAND Cashier: ALVIN E. RUSSELL Assistant Cashier: T. C. ARNOLD Loan and discount operations Member bank reserve accounts Purchase and sale of securities for account of member banks Nonmember bank clearing ac counts Signature authorities Receipt and delivery of securi ties purchased or sold for ac count of member banks Delivery of bearer Government securities pursuant to tele graphic transfer from other Federal Reserve banks Check collections, including gov ernment checks drawn on the Treasurer o f the United States and postal money or ders Noncash collections Administration and interpreta tion of Regulation U— Loans by Banks for the Purpose of P u rch a sin g or Carrying Stocks Registered on a Na tional Securities Exchange Stop-payment orders Telegraphic transfers of funds Mail transfers of funds Payment of currency and coin Receipt and verification of cur rency and coin Reports of unusual currency transactions on Form TCR-1, pursuant to instructions from the Treasury Department Payment of coupons of the United States Government and governmental agencies Issue, exchange, and redemp tion United States savings bonds United States marketable se curities Treasury tax and loan accounts Treasury savings notes Withholding tax deposits Safekeeping of securities Page 9 — DIRECTORY June 1, 1954 HOUSTON BRANCH Vice President in Charge W. H. HOLLOWAY Cashier: H. K. DAVIS Loan and discount operations Purchase and sale of securities for account of member banks Assistant Cashier: B. J. TROY Member bank reserve accounts Nonmember bank clearing ac counts Signature authorities Receipt and delivery of securi ties purchased or sold for ac count of member banks Stop-payment orders Telegraphic transfers of funds Mail transfers of funds Delivery of bearer Government securities pursuant to tele graphic transfer from other Federal Reserve banks Payment of currency and coin Check collections, including gov ernment checks drawn on the Treasurer o f the United States and postal money or ders Reports of unusual currency transactions on Form TCR-1, pursuant to instructions from the Treasury Department Noncash collections Administration and interpreta tion o f Regulation U— Loans by Banks for the Purpose of P u rch a sin g or C a rry in g Stocks Registered on a Na tional Securities Exchange Receipt and verification of cur rency and coin Payment o f coupons o f the United States Government and governmental agencies Issue, exchange, and redemp tion United States savings bonds United States marketable se curities Treasury tax and loan accounts Treasury savings notes Withholding tax deposits Safekeeping of securities Armed Forces Leave Bonds Page 10 — DIRECTORY June 1, 1954 SAN ANTONIO BRANCH Vice President in Charge W. E. EAGLE Cashier: ALFRED E. MUNDT Member bank reserve accounts Nonmember bank clearing ac counts Assistant Cashier: F. C. MAGEE Loan and discount operations Purchase and sale of securities for account of member banks Signature authorities Stop-payment orders Telegraphic transfers of funds Mail transfers of funds Payment of currency and coin Receipt and verification of cur rency and coin Reports of unusual currency transactions on Form TCR-1, pursuant to instructions from the Treasury Department Payment o f coupons of the United States Government and governmental agencies Issue, exchange, and redemption United States savings bonds United States marketable securities Treasury tax and loan accounts Receipt and delivery of securi ties purchased or sold for ac count of member banks Delivery of bearer Government securities pursuant to tele graphic transfer from other Federal Reserve banks Check collections, including gov ernment checks drawn on the Treasurer o f the United States and postal money or ders Noncash collections Administration and interpreta tion of Regulation U— Loans by Banks for the Purpose of P u rch a sin g or C a rry in g Stocks Registered on a Na tional Securities Exchange Treasury savings notes Withholding tax deposits Safekeeping of securities Armed Forces Leave Bonds Page 11 — DIRECTORY June 1, 1954 FEDERAL RESERVE BANK OF DALLAS DIRECTORS J. R. PARTEN (Chairman and Federal Reserve Agent) President, Woodley Petroleum Company, Houston, Texas ROBERT J. SMITH (Deputy Chairman) President, Pioneer Air Lines, Inc., and Business Managers, Inc., Dallas, Texas JOHN R. ALFORD Industrialist and farmer Henderson, Texas HAL BOGLE Livestock feeding, farming, and ranching Dexter, New Mexico P. P. BUTLER President First National Bank in Houston Houston, Texas D. A. HULCY Chairman of the Board and President Lone Star Gas Company President Lone Star Producing Company Dallas, Texas Page 12 — DIRECTORY Revised June 1, 1954. J. EDD MCLAUGHLIN President Security State Bank & Trust Company Ralls, Texas W. L. PETERSON President State National Bank of Denison Denison, Texas J. B. THOMAS President and General Manager and Director Texas Electric Service Company Fort Worth, Texas Vice President and Director Texas Utilities Company Dallas and Fort Worth, Texas FEDERAL RESERVE BANK OF DALLAS OFFICERS WATROUS H. IRONS, President W. D. GENTRY, First Vice President E. B. AUSTIN, Vice President L. G. PONDROM, Vice President HARRY A. SHUFORD, Vice President and General Counsel J. L. COOK, Vice President and Cashier MORGAN H. RICE, Vice President and Secretary of the Board T. W. PLANT, Vice President W. H. HOLLOWAY, Vice President (In charge of Houston Branch) W. E. EAGLE, Vice President (In charge of San Antonio Branch) C. M. ROWLAND, Vice President (In charge of El Paso Branch) G. R. MURFF, General Auditor HOWARD CARRITHERS, Assistant Vice President W. D. WALLER, Assistant Cashier HERMAN W. KILMAN, Assistant Cashier E. H. BERG, Assistant Cashier JAMES A. PARKER, Director of Personnel PHILIP E. COLDWELL, Director of Research N. B. HARWELL, Chief Examiner GEORGE F. RUDY, Assistant Counsel and Assistant Secretary of the Board Page 13 — DIRECTORY Revised June 1, 1954. EL PASO BRANCH DIRECTORS JAMES A. DICK, JR. ( Chairman) President James A. Dick Investment Company El Paso, Texas F. W. BARTON President The Marfa National Bank Marfa, Texas J. M. SAKRISON President Southern Arizona Bank and Trust Company Tucson, Arizona JOHN P. BUTLER President The First National Bank of Midland, Texas Midland, Texas D. F. STAHMANN Farmer Las Cruces, New Mexico E. J. WORKMAN President, and Director of Research and Development Division New Mexico Institute of Mining and Technology Socorro, New Mexico THOMAS C. PATTERSON Vice President El Paso National Bank El Paso, Texas OFFICERS C. M. ROWLAND, Vice President in Charge ALVIN E. RUSSELL, Cashier Page 14 — DIRECTORY Revised June 1, 1954. T. C. ARNOLD, Assistant Cashier HOUSTON BRANCH DIRECTORS ROSS STEWART (Chairman) Chairman of the Board of Directors Stewart & Stevenson Services, Inc. Houston, Texas I. F. BETTS President The American National Bank Beaumont, Texas CHARLES N. SHEPARDSON Dean of Agriculture A. & M. College of Texas College Station, Texas S. MARCUS GREER Chairman of Executive Committee The City National Bank of Houston Houston, Texas HERBERT G. SUTTON T. 0. Sutton and Sons Colmesneil, Texas P. R. HAMILL President Bay City Bank & Trust Company Bay City, Texas 0. R. WEYRICH President Houston Bank & Trust Company Houston, Texas OFFICERS W. H. HOLLOWAY, Vice President in Charge H. K. DAVIS, Cashier B. J. TROY, Assistant Cashier Page 15 — DIRECTORY Revised June 1,1954. SAN ANTONIO BRANCH DIRECTORS HENRY P. DROUGHT (Chairman) Attorney at Law San Antonio, Texas CLARENCE E. AYRES Professor of Economics The University o f Texas Austin, Texas BURTON DUNN President The Corpus Christi National Bank Corpus Christi, Texas E. A. BAETZ President Bexar County National Bank of San Antonio San Antonio, Texas V. S. MARETT President Gonzales State Bank Gonzales, Texas E. C. BREEDLOVE President The First National Bank Harlingen, Texas D. HAYDEN PERRY Livestock farming Robstown, Texas OFFICERS W. E. EAGLE, Vice President in Charge ALFRED E. MUNDT, Cashier Page 16 — DIRECTORY Revised June 1, 1954 F. C. MAGEE, Assistant Cashier FEDERAL RESERVE BANK OF DALLAS FEDERAL ADVISORY COUNCIL MEMBER GEORGE G. MATKIN President The State National Bank of El Paso El Paso, Texas INDUSTRIAL ADVISORY COMMITTEE WILLIAM P. BOMAR Vice President and General Manager Bewley Mills Fort Worth, Texas CHARLES R. MOORE President Austin Bridge Company Dallas, Texas JAKE L. HAMON Oil operator Dallas, Texas IRA T. MOORE Moore & Company Dallas, Texas LAWRENCE S. POLLOCK President Pollock Paper Corporation Dallas, Texas Page 17 — DIRECTORY Revised June 1,1954.
@FedFRASER