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FEDERAL RESERVE BANK OF DALLAS September 21, 1933 ELECTION OF DIRECTORS To the Member Bank Addressed: Beginning November 2, 1933, 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, 1933: Class A Director— R. E. Harding, President, Fort Worth National Bank, Fort Worth, Texas. Class B Director—J. R. Milam, Wholesale Grocer, Waco, Texas. The Class A director was elected by banks in Group 1, and the Class B director by Group 2 banks. Consequently, their successors will be chosen, respectively, by these groups. The banks in Group 3 do not elect a director this year. Group 1 consists of banks having a capital and surplus in excess of $399,000. Group 2 consists of banks having a capital and surplus of not more than $399,000 and not less than $100,000. Lists of banks composing Groups 1 and 2 are given on the following pages. Each bank in Group 1 is permitted to nominate a candidate for Class A director, and each bank in Group 2, a candidate for Class B director. The nomination must be made by resolution of the Board of Directors and certified to me and received in my olfice on or before October 26, 1933. A form for this purpose is enclosed. A list of the candidates (indicating by whom nominated), and a preferential bal lot will be mailed to each bank in the two groups mentioned in time to reach it on the date the polls open. The ballot must be cast within fifteen days after receipt. The polls will open on November 2 and close at 3:00 P. M., November 17, 1933. At that time the ballot box will be opened in the Board Room of this bank, the votes counted, and result of the election announced. Any of 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 of the bank author ized to cast the vote. On the following pages are given the names and titles of the officers who, according to our records, have been heretofore designated for this purpose. Some of the designations on file in this office are now out of date by reason of a change in the title of the officer previously designated or reorganization of the bank. In such cases the designation has been omitted from the lists herein, and a new designation by title only should be made. It is quite important that the designation be certified to me before the polls close on November 17, 1933. Another form for this purpose is enclosed to those banks which do not have a current designation on file. Section 4 of the Federal Reserve Act as amended by the Banking Act of 1933 provides: “ That whenever any two or more member banks within the same Federal reserve district are affiliated with the same holding company affiliate, partici pation by such member banks in any such nomination or election shall be con fined to one of such banks, which may be designated for the purpose by such holding company affiliate.” This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) While the banks in Group 3 will not vote in this election, the circular is sent to them without the nomination form for their information. Very truly yours, Chairman of the Board Section 4 of the Federal Reserve Act provides that: Directors of Class A shall consist of three members, who shall be chosen by and be representative of the stockholding banks. No officer or director of a member bank shall be eligible to serve as a Class A direc tor 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 director. Directors of Class B shall consist of three members, who at the time of their elec tion 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 employe of any bank. No Senator or Representative in Congress shall be a member of the Federal Reserve Board 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, political 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.” On December 28, 1915, the Federal Reserve Board resolved that “ national bank examiners shall not hereafter be elected * * * to director ships in Federal reserve banks.” Under date of July 2, 1925, the Federal Reserve Board advised it had “ reached the conclusion that a person whose sole occupation is that of officer of an insurance company is not eligible for election as a Class B director of a Federal reserve bank.” LIST OF BANKS COMPOSING GROUP 1 (Banks with Combined Capital and Surplus in Excess of $399,000) ARIZONA Town Bank Designated Voting Officer Tucson-----------------------Consolidated National Bank______________ Vice President LOUISIANA Monroe_______________Ouachita National Bank in Monroe_________ Chr. of Bd., Pres., Vice Pres., Cash. Shreveport....____ _____Commercial National Bank inShrevp’t____ Chr. of Bd., Pres., Vice Pres. Shreveport___________ Continental-American Bank & Trust Co___ Shreveport___________ First National Bank____________________ Pres., Vice Pres., Cashier TEXAS Amarillo_____________ First National Bank__________________ Austin-----------------------American National Bank___________ Austin------------------------Austin National Bank______ ___ _____ Beaumont____________ American National Bank___________ Beaumont____________ First National Bank________________ Corpus Christi________ Corpus Christi National Bank_______ Corpus Christi________ State National Bank_________________ Corsicana_____________First National Bank_______________ Dallas............. ........ .......Dallas Bank & Trust Company._______ Dallas________________First National Bank in Dallas.__ ____ Dallas_______________ Mercantile National Bankat Dallas... Dalla's_______________ Republic National Bank & Trust CoEagle Pass___________ First National Bank------------------------ElPa'so______________ El Paso National Bank------------------El Paso____________ __ State National Bank__________________ Fort Worth__ _____ __ ..Continental National Bank---------------Fort Worth________ __ First National Bank------------------------Fort Worth_______ ___..Fort Worth National Bank_______ ___ Galveston____ __ -.........City National Bank__________________ Galveston______ ______ First National Bank________________Galveston____________ Hutchings-Sealy National Bank------Galveston_____________United States National Bank-------- ---Greenyille____________ Greenville National ExchangeBank.— Houston______________ First National Bank in Houston_____ Houston______________Houston National Bank____________ Houston______________National Bank of Commerce__________ Houston______________Second National Bank.....------------------Houston______________SouthTexas Com’l National Bank....... Houston______________State National Bank------------------------Houston___ ____ _____ Union National Bank__________ __ _ Laredq._______________Laredo National Bank_______________ Orange_______________Orange National Bank_______________ Paris_________________First National Bank_________________ Port Arthur__________ First National Bank--------------------------San Angelo___________ Central National Bank_______________ SanAhgelo___________ First National Bank--------------------------San Angelo___________ San Angelo National Bank---------------San Antonio__________ Alamo National Bank----------- :----------San Antonio__________ Frost National Bank--- --------- ---- -----San Antonio............... ....Groos National Bank--------------- ------- San Antonio..___ ______National Bank of Commerce.—----- ----San Antonio______ ___..San Antonio National Bank____ ___ _ Sherman_____________ Merchants & Planters National Bank— Terrell-______________ American National Bank-------- ---- ---Texarkana____________Texarkana National Bank-------------- ---Tyler________________ Citizens National Bank---------------------Victoria______________Victoria National Bank---------------------Waco...______________ Citizens National Bank---------------------Waco_______ _________ First National Bank-----------------------Wichita Falls.................City National Bank in Wichita Falls... Wichita Falls................. First National Bank----------- ----- --------3 — Pres., Vice President — Chr. of Bd., Pres., Vice Pres., Cash. .—Pres., Vice Pres., Cashier ___Pres., Vice Pres., Cashier — Pres., Vice Pres., Cashier ___Pres., Vice Pres., Cashier .—Pres., Vice Pres., Cashier — Pres., Vice Pres., Cashier —Chr. of Bd., Chr. of Ex. Com., Pres., Vice Pres. ....Chr. of Bd., Pres., Vice Pres., Cash. —Pres., Vice President —Chr. of Bd., Pres., Vice Pres., Cash. —Pres., Vice Pres., Cashier —Pres., Vice President -Chr. of Bd., Pres., Vice Pres., Cash. —Chr. of Bd., Pres., Vice Pres., Cash. —Chi', of Bd., Pres., Vice Pres., Cash. —Vice Pres., Cashier -Pres., Vice Pres., Cash., Asst. Cash -Chr. of Bd., Pres., Vice Pres., Cash. —Pres., Vice Pres., Cashier .Pres., Vice Pres., Cashier —Chr. of Bd., Pres., Vice Pres., Cash. -Melvin Rouff, Vice Pres. -Pres., Vice Pres., Cashier -Chr. of Bd., Pres., Vice Pres., Cash. -Chr. of Bd., Pres., 1st Vice Pres., Cash. -Pres., Vice Pres., Cashier -Chr. of Bd., Pres., Vice Pres., Cash. -Chr. of Bd., Pres., Vice Pres., Cash. -Pres., Vice Pres., Cashier -Vice Pres., Cashier -Pres., Vice Pres., Cashier -Pres., Vice Pres., Cashier -Pres., Cashier -Pres., Vice Pres., Cashier -Chr. of Bd., Pres., Vice Pres., Cash. -Pres., Vice Pres., Cashier Chr. of Bd., Pres., Vice Pres. _Pres., Vice Pres., Cashier -Chr. of Bd., Pres., Vice Pres., Cash. Pres., Vice Pres., Cashier Pres., Vice Pres., Cashier -Pres., Vice Pres. ..Cashier -Pres., Vice Pres., Cashier -W . W. Woodson, Pres. Chr. of Bd., Pres., Vice Pres. LIST OF BANKS COMPOSING GROUP 2 (Banks with Combined Capital and Surplus not Exceeding $399,000 and not less than $100,000) ARIZONA Town Bank Designated Voting Officer Douglas--------------------- First National Bank______________________Pres., Vice Pres. Nogales----------------------First National Bank_____________________ LOUISIANA Arcadia---------- -------— First National Bank_____________________ W. M. Deas, President Homer---- ------------------ Homer National Bank___________________ C. O. Ferguson, President Lake Providence--------- First National Bank_____________________ Vice Pres., Cashier Ruston----------------------- First National Bank______________________ NEW MEXICO Las Cruces------------------First National Bank______________________ RoswelL.---------------------First National Bank------------,_____________ Pres., Vice Pres., Cashier Silver City----------------- American National Bank__________________Cashier Tucumcari----------------- First National Bank______________________ Pres., Vice Pres., Cashier OKLAHOMA Durant----------------------- Durant National Bank in Durant__________ W. C. Slaughter, Vice President Durant-----------------------First National Bank______________________ Ralph Ownby, Cashier TEXAS Abilene____________ — Citizens National Bank in Abilene____ Abilene____________ — Farmers & Merchants National Bank.. Albany____________ — First National Bank________________ Alvord____________ __ Alvord National Bank_______________ Amarillo__________ __ Amarillo National Bank_____________ Anson_____________ __ First National Bank_________________ Athens____________ __ First National Bank_________________ ^Atlanta____________ __ Atlanta National Bank_______ __ _____ Atlanta____________ __ First National Bank_________________ Ballinger__________ ___First National Bank_________________ Bartlett___________ ___Bartlett National B ank______________ Bartlett___________ ....First National Bank______________ __ _ Bay City.__________ ___First National Bank--------------------------Beaumont__________ __Security State Bank & Trust Company Beeville____________ __Commercial National Bank___________ Beeville____________ __ First National Bank------------------------Big Spring_________ __ First National Bank_________________ Big Spring_________ .....State National Bank------------------------Big Spring_________ ......West Texas National Bank----------------Bonham___________ __First National Bank__________________ Brady_____________ ___Brady National Bank_________ _______ Brady._____________ ___Commercial National Bank___________ Breckenridge_______ ___First National Bank__________ ___ ___ Brenham___________ .....First National Bank------------------------Brownsville________ .....State National Bank_________________ Brownwood________ __First National Bank__________________ Bryan--------------------- __City National Bank___________________ Bryan-------------------- __First National Bank__________________ Bryan_____________ __First State Bank & Trust Company___ Caldwell___________ ....Caldwell National Bank______________ Cameron___________ ___Citizens National Bank_______________ Canadian---- ------------ __First National Bank____________ __ — Canadian---------------- .....Southwest National Bank------------------Childress---------------- ..—City National Bank.............. —.... ............ Childress__________ ....First National Bank--------------------------Clarksville-------------- _Red River Nat’l Bank in Clarksville_____ Cleburne___________ .... City National Bank---------------------------Coleman___________ .... First-Coleman National Bank__________ Colorado___________ _City National Bank__________________ Copianche__________ __Comanche National Bank______________ Coolidge___________ __First National Bank__________________ Corsicana__________ __State National Bank--------------------------Cotulla____________ __Stockmens National Bank------------------Crockett___________ ....First National Bank---------------------- ---Cuero______________ __Buchel National Bank-----------------------4 George L. Paxton, President Chr. of Bd., Pres., Vice Pres., Cash. Chr. of Bd., Pres., Vice Pres., Cash. — Pres., Vice Pres, and Cashier __ A. S. Ford, Cashier __ Cashier R. P. Dunklin, Cashier __ Pres., Vice Pres., Cashier __ Pres., Vice Pres., Cashier __ Chr. of Bd., Pres., Vice Pres. __ Vice Pres., Cashier — Chr. of Bd., Pres., Vice Pres., Cash. __ Vice Pres., Cashier — J. B. Barry, Cashier — Pres., Vice Pres., Cashier — Pres., Vice Pres., Cashier ....Pres., Vice President — Pres., Vice Pres., Cashier — E. L. Ogden, Vice President __ Pres.. Vice Pres., Cashier ___C. E. Martin, Vice President — Pres., Vice Pres., Cashier — Vice President .—Pres., Vice Pres., Cashier __ Pres., Vice Pres., Cashier — Pres., Vice Pres., Cashier ....J. N. Dulaney, Vice President ___Pres., Vice Pres., Cashier — Pres., Vice Pres., Cashier -Pres., Cashier -Chr. of Bd., Vice Pres., Cash. -Vice Pres., Cashier -Pres., Vice Pres, and Cashier -Vice Pres., Cashier -Chr. of Bd., Pres., Vice Pres., Cash. -Pres., Vice Pres., Cashier .Pres.. Cashier ...J. R. Wallace, President -Pres., Vice Pres., Cashier Jos. Sheridan, President TEXAS— (Continued) Town Bank Designated Voting Officer Dallas------------------------ National Bank of Commerce______________ Pres., Vice Pres., Cashier Dawson----------------------First National Bank_____________________ Pres., Cashier DeKalb---------------------- First National Bank_________ ------------------ C. C. Crump, President Del,Rio-----------------------Del Rio Bank & Trust Company__________ Del Rio___________ _____ __National ‘ “Bank___________________ ' Del Rio Pres., Vice Pres., Cashier Denison__________ Citizens National Bank__________________Pres., Vice Pres., Cashier Denison__________ State National Bank_____________________ Chr. of Bd., Pres., Cashier Eagle Lake_______ First National Bank_____________________ Pres., Vice Pres., Cashier El Campo________ First National Bank---------------------------------President, Cashier fildorado_________ First National Bank_____________________ Pres., Vice Pres., Cashier Elgin------------------------- Elgin National Bank--------------------------------- W. H. Rivers, Jr., President Ferris------------------------ Farmers & Merchants State Bank________ D. H. Moyers, President Floresville-__ ________ First-City National Bank_________________ Fort Worth___________Stockyards National Bank_________________W. L. Pier, President Franklin_____________ First National Bank______________________Vice Pres., Cashier Gainesville___________ Gainesville National Bank in Gainesville— Garland_________ __ .—State National Bank_____________________ Pres., Vice President Gatesville____________ First National Bank______________________Pres., Vice Pres., Cashier Gatesville____________ Gatesville National Bank___ __ ____________Pres., Vice Pres., Cashier "Georgetown__________ First National Bank______________________Pres., Cashier Giddings_____________ First National Bank_____________________ Pres., Cashier Gilmer_______________ First National Bank_____________________ Goliad_______________ First National Bank--------------------------------- Joseph Wearden, President Graham______________ First National Bank in Graham_____________ Graham______________ Graham National Bank___________________Pres., Vice Pres., Cashier Granbury____________ First National Bank___________________ President Greenville____________ Citizens State Bank______________________ Chr. of Bd. & Pres., Vice Pres., Cash. Groveton_____________ First National Bank______________________Pres., Vice Pres. Hallettsville________ —.First National Bank_____________________ Pres., Cashier .Hamilton_____________Hamilton National Bank_____________ ____ H. E. Chesley, Vice Pres. Hamilton_____________Perry National Bank_____________________Pres., Cashier, Asst. Cashier Hebbronville_________ First National Bank______________________ Payne Briscoe, Cashier Henderson___________ Citizens National Bank___________________ Henderson..___ _______ First National Bank_____________________ Hico_________________ First National Bank_____________________ Hillsboro_____________ Citizens National Bank___________________Pres., Vice Pres., Cashier Hubbard_____________ First National Bank______________________Chr. of Bd., Pres., Vice Pres. Vice Pres, and Cashier Itasca________________First National Bank______________________Pres., Vice President Jacksonville__________ First National Bank—------------------------------ G.S. Blankinship, President Karnes City__________ Karnes County National Bank____________Pres., Vice Pres., Cashier Kaufman_____________Farmers & Merchants National Bank______ Michaux Nash, Vice President Kenedy______________ First-Nichols National Bank_____________ Chr. of Bd., Pres., Vice Pres. Vice Pres and Cashier Kerens_______________ First National Bank______________________ W. T. Stockton,President Livingston___________ First National Bank______________________ Pres., Cashier Lockhart_____________ First National Bank_______ __ ____________ Pres., Vice Pres., Cashier Lockhart_____________ Lockhart National Bank_________________ Pres., Cashier Longview____________ First National Bank______________________R. M. Kelly, Chr. of Bd. Longyiew__ __ ________Rembert National Bank___ __ ____________ Pres., Vice Pres., Cashier Lubbock.._____________ Citizens National Bank___________________President Lubbock______________First National Bank_____________________ Pres., Vice Pres. Lubbock______________Lubbock National Bank______ ____________ Pres., Vice Pres., Cashier Lufkin_______________ Lufkin National Bank____________________ Pres., Cashier Luling_______________ Lipscomb Bank & Trust Company_________ Chr. of Bd., Pres., Vice Pres. Mabank______________ First National Bank_____ _______________ Marfa________________Marfa National Bank____________________ Pres., Vice Pres. Marlin__ _____________ First National Bank_____________________ B. J. Linthicum, President Marshall_____________ First National Bank____ ___ _____________Pres., Vice Pres., Vice Pres, and Cash. Marshall_____ __ _____ Marshall National Bank__________________ W. C. Pierce, Jr., President Marshall_____________ State National Bank_____________________ ]\fart—___ ____________ First National Bank______ _______________Pres., Vice Pres., Cashier McKinney____________ Collin County National Bank______________ Pres., Vice Pres., Cashier Memphis________-.... ....First National Bank---------------------------------- Pres., Cashier Mercedes...__ _________ First National Bank_____________________ Vice President Mexia-________________City National Bank---- ------------------------------Chr. of Bd. and Vice Pres., Pres., Vice Pres. Mexia________________ Prendergast-Smith National Bank_________ Pres., Vice Pres., Cashier Midland______________ First National Bank_______________________ Chr. of Bd., Pres., Vice Pres., Cash. Midland______________Midland National Bank___________________ Mineola______________ First National Bank—__ _________________ M. H. Landers, President Mineral Wells________ City National Bank_______ ____________ L. E. Seaman, President Mineral Wells________ State National Bank_________ ___ ________ Chr. of Bd., Pres., Vice Pres., Cash. Nacogdoches_________ Commercial State Bank___ __ _____________Thos. E. Baker, President 5 TEXAS— (Continued) Town Nacogdoches__ Navasota______ New Braunfels.. Nocona________ OIney_________ Orange________ Ozona_________ Paducah_______ Palestine______ Palestine______ Palestine______ Pampa________ Paris__________ Port Arthur___ Quanah________ Quanah________ Refugio_______ Richmond_____ Rosebud_______ •San Antonio...... . San Augustine... San Saba______ Shiner_________ Sinton_________ Shyder________ Sonora________ Spur__________ Stephenville___ Sterling City___ Sulphur Springs. Tahoka-----------Taylor_________ Taylor.________ Teague________ Teague________ Thornton______ Tulia__________ Tyler__________ Vernon________ iVernon________ Waco__________ Waxahachie____ Weatherford___ Weatherford___ Wellington_____ Wharton_______ Whitewright___ Wichita Falls---Winnsboro_____ Yoakum_______ Bank Designated Voting Officer ....Stone Fort National Bank_____________ ...First National Bank__________________ ...First National Bank__________________ ...Farmers & Merchants National Bank.. ...First National Bank__________________ ...First National Bank in Orange________ ...Ozona National Bank_________________ ...First National Bank__________________ ...East Texas National Bank_____________ ... First National Bank___________________ ...Royall National Bank_____________ __ _ ....First National Bank__________________ ...Liberty National Bank in Paris________ ...Merchants National Bank_____________ ...First National Bank______ __ _________ ...Security National Bank_______________ ...First National Bank__________ ___ ____ ...First National Bank___________________ ...Planters National Bank_______________ ...National Bank of Fort Sam Houston___ .... First National Bank___________________ ...City National Bank____________________ ...First National Bank___________________ ...Commercial State Bank_______________ ...Snyder National Bank_________________ ...First National Bank___________________ ...Spur National Bank............................ ..... ...Farmers-First National Bank......... ...... . ...First National Bank___________________ ...City National Bank___________________ ...First National Bank___________________ ...City National Bank____________________ ...First-Taylor National Bank_____________ ...First National Bank___________________ ...Teague National Bank_________________ ..First National Bank________________ __ ...First National Bank___ _______________ ...Peoples National Bank_________________ ...Herring National Bank............................ ...Waggoner National Bank_______________ ...National City Bank_________________ _ ..Cititzens National Bank in Waxahachie. ..Citizens National Bank________________ .. First National Bank----------------------------..City National Bank_____________ _____ _ ..Wharton Bank & Trust Company---------..First National Bank......................... ........ ...Wichita National Bank-----------------------..First National Bank----------------------------..Yoakum National Bank............................ 6 .Pres., Vice Pres. .Cashier .Pres., Vice Pres., Cashier ,C. McCall, President Pres., Vice Pres., Cashier .Pres., Vice Pres. .Scott Peters, Cashier Pres., Vice Pres., Cashier Pres., Cashier Pres., Vice Pres., Cashier DeLea Vicars, Vice President President, Cashier Pres., Vice Pres., Cashier .Cashier .President, Cashier .President, Cashier .Chr. of Bd., Pres., Cashier _A. T. Low, Vice Pres. _T. A. Murray, President .Pres., Cashier .Pres., Vice President .Pres., Vice Pres., Cashier .Pres., Vice Pres. .Pres., Vice Pres., Cashier .Pres., Cashier W . L. Foster, President _R. B. Carothers, Cashier .Pres., Vice Pres., Cashier J. H. Griffith, President ,G. M. Booth, Dir., Pres., Cashier Chr. of Bd., Pres., Vice Pres., Cash. .President, Cashier .Sam R. Greer, President .Vice Pres., Vice Pres, and Cashier .Pres., Vice Pres., Cashier .Frank P. Mayfield, Cashier Pres., Vice Pres., Vice Pres, and Cash. .Chr. of Bd., Pres., Vice Pres., Cash. .Pres., Vice President _W. H. Lynn, Vice President Pres., Vice Pres. Pres., Vice Pres., Cashier Pres., Cashier Pres., Vice Pres.
@FedFRASER