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federal

Reserve

ban k

of

Dallas

September 26, 1952

ELECTION OF DIRECTORS

To the M em ber Banks o f the
Eleventh 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:
Class A director - Mr. J. Edd McLaughlin, President
Security State Bank & Trust Company, Ralls, Texas
(Elected by banks in Group 3; term expires December 31, 1952)
Class B director - Mr. George L. MacGregor, Chairman of the Board, President and General Manager
Dallas Power and Light Company, Dallas, Texas
(Elected by banks in Group 1; term expires December 31, 1952)
Class B director - Mr. George H. Zimmerman (Deceased), President
Wm. Cameron & Co., Waco, Texas
(Elected by banks in Group 2 ; term expires December 31, 1954)
As indicated, the terms of office of Directors McLaughlin and MacGregor will terminate on December 31,
1952, and their successors will not qualify or take office until January 1, 1953. Because o f the death of Mr.
Zimmerman on August 29, 1952, his successor will qualify and take office immediately following election and will
serve during the unexpired portion of Mr. Zimmerman’s term of office, ending December 31, 1954.
The Class A director who succeeds Mr. McLaughlin will be elected by banks in Group 3; the Class B director
who succeeds Mr. MacGregor, by banks in Group 1; and the Class B director who succeeds Mr. Zimmerman, by
banks in Group 2. In accordance with the announcement contained in my circular letter of September 13, 1949,
Group 1 consists of banks with capital and surplus of $650,000 and over; Group 2 consists of banks with capital
and surplus of $150,000 and less than $650,000; and Group 3 consists of banks with capital and surplus of
$150,000 and less. Lists of banks comprising all three groups are given on the following pages.
Each bank in Group 3 is permitted to nominate a candidate for Class A director; each bank in Group 1, a
candidate for Class B director; and each bank in Group 2, a candidate for Class B director. The nomination must
be made by resolution of the member bank’s Board of Directors, and a certified copy of the resolution must be
forwarded in time to reach me on or before October 27, 1952. A form for this purpose is enclosed. On or about
October 31, 1952, a list of the candidates and the names of the nominating banks and a preferential ballot will be
mailed to each bank. The polls will open on November 3, 1952, and will close at 2:00 p.m. on November 18, 1952.
The ballots must be executed during that period and mailed to reach me before the closing of the polls. On the
last day of the voting period, the ballot box will be opened in the Board Room of this bank, the votes counted,
and the results of the election announced. The candidates will be invited to be present or represented on that
occasion.
In order to be counted, a ballot must be executed by an officer authorized by resolution of the member bank’s
Board of Directors to cast the vote for that bank. On the following pages are shown the titles of officers heretofore
designated for that purpose. The authority conferred on them continues until revoked. Each bank that has not
designated such an officer, or officers, or any bank that desires to change its authorization, should do so by reso­
lution of its Board of Directors and certify the appointments to me before the polls close. A form is enclosed
which may be used for either purpose. When an authorization is made, it is preferable that designations should be
by title.
Yours very truly,
J. R. P a rte n
Chairman o f the Board

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

Information Concerning Eligibility for
Class B Directorship o f a Federal Reserve Bank

At the time of his election, a Class B director shall be actively engaged in this district in commerce,
agriculture or some other industrial pursuit.
No Class B director shall be an officer, director or employee of any bank.
Under a resolution of the Federal Reserve Board, adopted December 23, 1915, 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, can­
not, consistently with the spirit and underlying principles of the Federal Reserve Act, serve as directors
or officers of Federal Reserve banks.
The Federal Reserve Board also passed a resolution, December 28, 1915, that “ national bank
examiners shall not hereafter be elected . . . to directorships 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.”

GROUP I
Consists of all member banks with a combined capital and surplus of 1650,000 and over

Banks in this group elect one Class B director

ARIZONA
L o c a tio n

Tucson

N am e o f B ank o r T ru st C om pa n y

Southern Arizona Bank & Trust Company____________ _____

O fficers A u th o riz e d to Cast V o te

Secretary

LOUISIANA
L o c a tio n

Monroe
Shreveport
Shreveport
Shreveport

Nam e o f B ank o r T ru st C om pa n y

Central Savings Rank & Trust. Company
The Ouachita National Bank in Monroe....................... ...........
Commercial National Bank in Shreveport........... ................. ...
Cont.inental-Ameriran Rank and Trust Company
The First National Bank of Shreveport____________________

O fficers A u th o riz e d to Cast V o te

President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
President, Vice President, Cashier

TEXAS
L o c a tio n

Abilene
Abilene
Amarillo
Amarillo
Amarillo
Austin
Austin
Austin
Beaumont
Beaumont
Beaumont
Big Spring
Corpus Christi
Corpus Christi

N am e o f B a n k o r T ru st C o m p a n y

O fficers A u th o ris e d to Cast V o te

President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Executive Vice President
Cashier
President
President
Chairman, President, Vice President,
Chairman, President, Vice President,
Security State Bank and Trust Company of Beaumont---------- Chairman, President, Vice President,
Chairman, President, Vice President,
The Corpus Christi National Bank___________ ___ _________ President, Vice President, Cashier
State National Bank of Corpus Christi..................................... - President, Vice President, Cashier

Cashier
Cashier
Cashier
Cashier

T E X A S— Continued

L o c a tio n

Corsicana
Dallas
Dallas
Dallas
Dallas
Dallas
Dallas
Dallas
El Paso
El Paso
El Paso
Fort Worth
Fort Worth
Fort Worth
Galveston
Galveston
Galveston
Greenville
Greenville
Houston
Houston
Houston
Houston
Houston
Houston
Houston
Houston
Houston
Houston
Houston
Kilgore
Longview
Longview
Lubbock
Lubbock
Lubbock
Marshall
Marshall
Midland
Midland
Odessa
Port Arthur
Port Arthur
San Angelo
San Angelo
San Antonio
San Antonio
San Antonio
San Antonio
San Antonio
Sherman
Temple
Temple
Tyler
Tyler
Tyler
Victoria
Waco
Waco
Wichita Falls
Wichita Falls

N am e o f B a n k o r T ru st C om pa n y

O fficers A u th o riz e d to Cast V o te

Chairman, President, Vice President, Cashier
.. Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President
Chairman, President, Vice President, Cashier
President
President
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Vice President
Vice President
President, Vice President, Cashier
The United States National Bank of Galveston_____________ Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Greenville National Exchange Bank............................. ............. President, Vice President, Cashier
President, Vice President, Cashier
President
Chairman, President, Vice President, Cashier
The Harrisburg National Bank of Houston............................... Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President
Chairman, President, First Vice President, Cashier
Chairman, President, Vice President, Cashier
Vice President, Cashier
C. A. Loftis, President
Vice President, Cashier
Vice President
President, Vice President, Cashier
President
Chairman, President, Vice President, Cashier
President, Cashier
The Marshall National Bank----- --------------------------------President, Vice President
President
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Cashier
•
Chairman, President, Vice President, Cashier
President, Cashier
Cashier
Ernest M. Groos, President
Executive Vice President
The National Bank of Fort Sam Houston at San Antonio....... Chairman, President, Vice President, Cashier
The Merchants & Planters National Bank of Sherman---------- Chairman, President, Vice President, Cashier
President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
The Citizens National Bank of Tyler-------------------------- President, Vice President, Cashier
The Peoples National Bank of Tyler........................ ................. Chairman, President, Vice President, Cashier
President, Vice President, Cashier
President
First National Bank of Corsicana________________ _____
Dallas National Rank

President
President, Vice President
Vice President
President, Vice President
Chairman, President, Vice President, Cashier

Information Concerning Eligibility for
Class B Directorship o f a Federal Reserve Bank

At the time of his election, a Class B director shall be actively engaged in this district in commerce,
agriculture or some other industrial pursuit.
No Class B director shall be an officer, director or employee o f any bank.
Under a resolution of the Federal Reserve Board, adopted December 23,* 1915, 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, can­
not, consistently with the spirit and underlying principles of the Federal Reserve Act, serve as directors
or officers o f Federal Reserve banks.
The Federal Reserve Board also passed a resolution, December 28, 1915, that “ national bank
examiners shall not hereafter be elected . . . to directorships 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 o f officer of an insurance company is not eligible for election
as a Class B director of a Federal Reserve bank.”

GROUP 2
Consists of all member banks with a combined capital and surplus of over $150,000 and less than $650,000

Banks in this group elect one Class B director

LOUISIANA
L o c a tio n

Bastrop
Homer
Lake Providence
Mansfield
Minden
Ruston

N am e o f B ank o r T ru st C om pa n y

Bastrop National Bank
Homer National Bank
The First National Bank of Lake Providence—
.........................
First National Bank in Mansfield
Minden Bank & Trust Company
The First National Bank of Ruston.......................... .................

O fficers A u th o ris e d to Cast V o te

President
Chairman, President, Vice President, Cashier
President
Cashier
President

NEW MEXICO
L o c a tio n

Artesia
Carlsbad
Clovis
Hobbs
Lovington
Portales
Roswell
Roswell
Silver City
Truth or Consequences
Tucumcari

N am e o f B ank o r T ru st C o m p a n y

The First National Rank of Artesia
Pooplos State Bank
American Bank of Carlsbad
The Carlsbad National Bank
The Clovis National Bank
First National Bank of Hobbs...... -..........................................
The First National Bank of T.as Cruces
First National Bank

The American National Bank of Silver f!ity

O fficers A u th o ris e d to Cast V o te

Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Vice President
President
President
President, Cashier
President, Vice President, Cashier
Cashier
President, Cashier
Chairman, President, Vice President

OKLAHOMA
L o c a tio n

The Durant National Bank in Durant..------- ---------------The First National Bank in Durant_________ —............
Security First National Bank of Hugo...................—

Durant
Durant
Hugo

O fficers A u th o ris e d to Cast V o te

N am e o f B a n k o r T ru st C om pa n y

.— President, Vice President, Cashier
President, Vice President, Cashier
. _ Vice President

TEXAS
L o c a tio n

N am e o f B a n k o r T ru st C om pa n y

Abilene
Albany
Alpine
Angleton
Aransas Pass
Arlington
Athens
Austin
Ballinger
Bartlett
Bay City
Bay City
Baytown
Baytown
Beeville
Beeville
Bellaire
Belton
Belton
Big Spring
Bonham
Borger
Borger
Bowie
Brady
Brady
Breckenridge
Brenham
Brenham
Brownfield
Brownfield
Brownsville

First State Bank_________________________
The First National Bank of Albany_______
The First National Bank in Alpine________
The First National Bank of Angleton........
The First State Bank, Aransas Pass, Texas.
First National Bank in Arlington_________
First National Bank_____________________
Texas State Bank________________________
First National Bank................... ....................
First National Bank_____________________
Bay City Bank & Trust Company_________
The First National Bank_________________
Citizens National Bank & Trust Company...
First National Bank of Baytown__________.
The Commercial National Bank of Beeville.
The First National Bank of Beeville______
First State Bank of Bellaire______________
The First National Bank in Belton________
Peoples National Bank___________________
State National Bank of Big Spring-----------The First National Bank of Bonham___ ; _
_
First National Bank_____________________
Panhandle State Bank-----------------------------The First National Bank of Bowie________
Brady National Bank------------------------------The Commercial National Bank of Brady—
First National Bank in Breckenridge--------The First National Bank of Brenham..........
Washington County State Bank___________
Brownfield State Bank & Trust Company—
The First National Bank of Brownfield___
First National Bank at Brownsville.-----------

Brownsville
Brownwood
Brownwood
Bryan
Bryan
Bryan
Caldwell
Cameron
Canadian
Canyon
Carthage
Childress
Clarksville
Cleburne
Cleburne
Cleveland
Coleman
Colorado City
Comanche
Conroe
Conroe
Corpus Christi

Pan American State Bank-------------------------------------------------Citizens National Bank at Brownwood------------------- ,-----------First National Bank in Brownwood-----------------------------------City National Bank of Bryan--------------------------------------------First National Bank of Bryan_____________________________
First State Bank and Trust Company, Bryan, Texas------------Caldwell National Bank..__ _______________________________
The Citizens National Bank of Cameron------------- ----------------The First National Bank of Canadian_________ _____________
The First National Bank in Canyon_______________________
First National Bank— ----------- -----------------------------------------The First National Bank in Childress______________________
Red River National Bank in Clarksville----------------- -------------City National Bank of Cleburne-----------------------------------------Cleburne National Bank----------------------------------------------------First National Bank______________________________________
First-Coleman National Bank of Coleman---------------------------The City National Bank of Colorado City----------------------------The Comanche National Bank__________________ _.._______
Conroe National Bank------------------------------------ -----------------First National Bank in Conroe-------------------------------------------First State Bank of Corpus Christi---------- ------ --------------------

O fficers A u th o ris e d to Cast V o te

President
Chairman, President
President
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
President
President
Chairman, President, Vice
Chairman, President, Vice
President
Chairman, President, Vice
President, Vice President,

President
President, Cashier
President, Cashier
Cashier

Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
President
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President
Chairman, President, Vice President
President
Vice President
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President
President
Chairman, President, Vice President, Cashier
President, Vice President, Cashier,
Assistant Cashier
Chairman, President, Vice President, Cashier
President
President, Vice President, Cashier
President
Chairman, President, Vice President, Cashier
Vice President
President, Vice President, Cashier
President, Active Vice President, Cashier
President, Vice President and Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Executive Vice President, Cashier
Chairman, President, Vice President, Cashier
J. E. Standley, Vice President
President, Vice President
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President
President, Vice President
President

T E X A S— Continued
—
L o c a tio n

Corsicana
Crockett
Crosbyton
Cuero
Dalhart
Dalhart
Dallas
Dallas
Dallas
Dallas
Decatur
Del Rio
Denison
Denison
Denton
Dublin
Dumas
Eagle Pass
Edinburg
Edna
El Campo
Elgin
Ennis
Fabens
Falfurrias
Floydada
Fredericksburg
Gainesville
Galveston
Garland
Gatesville
Georgetown
Giddings
Gilmer
Gilmer
Gladewater
Goliad
Gonzales
Graham
Graham
Grand Prairie
Hale Center
Hamilton
Hamlin
Harlingen
Harlingen
Henderson
Hereford
Hillsboro
Hondo

Houston
Houston
Houston
Houston
Houston
Huntsville
Huntsville
Jacksonville
Karnes City
Kaufman

N am e o f B ank o r T ru st C o m p a n y

State National Bank of Corsicana
First National Rank
Citizens National Bank of Crosbyton
Buchel National Bank in Cuero
Citizens State Bank of Dalhart
First National Bank in Dalhart
American National Bank of Oak Cliff, Dallas, Texas
Fair Park National Bank of Dallas
National Bank of Commerce ...
Oak Lawn National Bank of Dallas
The First National Bank in Decatur
Del Rio National Bank
The Citizens National Rank of Denison
The State National Rank of Denison
The Denton Countv National Bank of Denton
The Dublin National Rank
First State Bank____
The First National Bank of Eagle Pass
First National Bank in Edinburg
First National Bank of Edna
Commercial State Bank of El Campo
Elein National Bank
Citizens National Bank in Ennis.............................................
First National Bank____________________ _____
.
The First National Bank in Falfurrias
The First National Bank of Floydada
Fredericksburg National Bank of Frederiokshnrg
The Gainesville National Bank in Gainesville
The First National Bank of Galveston
The State National Bank of Garland
The National Bank of Gatesville
The First National Bank of Georgetown
First National Bank
Farmers & Merchants National Rank
First National Bank___
The First State Bank
The First National Bank of Goliad
Gonzales State Bank .
First National Bank in Graham___________________________
The Graham National Bank......... ........ ............................... .......
First National Bank in Grand Prairie
First National Bank of Hale Center
Hamilton National Bank
The Farmers & Merchants National Bank___ ______________
The First National Bank of Harlingen...................... ........ .......
- Harlingen State Rank
Citizens National Bank of Henderson..................... ........... ......
The First. National Rank of Henderson
The First National Bank of Hereford____ _________________
The Citizens National Bank of Hillsboro___________________
The Hondo National Bank_______________________ ________
Almerla State Ranlc
Fidelity Bank and Trust Company... ....... ........ ...... .................
Heights State Bank................................... ............. .............
The Industrial State Bank of Houston, Texas ... __________
River Oaks State Bank..................... .... ...... .................. .............
University State Bank_____________________________ ____ .
First National Bank of Huntsville___________________ ____
The Huntsville National Bank____________ _______ _________
The First National Bank of Jacksonville................
...
The Karnes County National Bank of Karnes City__________
Farmers & Merchants National Bank of Kaufman......... ..........

O fficers A u th o riz e d to Cast V o te

President, Vice President, Cashier
Chairman, President
President, Vice President
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
President
Chairman, President, Vice President, Cashier
President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Vice President
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President
President
President, Vice President, Cashier
Cashier
Chairman, President, Vice President, Cashier
Chairman, President
President, Vice President, Cashier
Vice President and Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
J. R. Scott, Jr., President
President
Cashier
Vice President
President, Vice President, Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President
Vice President
Chairman, President, Vice President, Cashier
President
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Blake Allison, Cashier
D. F. Ford, Vice President
President
Vice President
President, Vice President, Cashier
President
President, Cashier
President, Vice President, Cashier
John Wright, Cashier
President
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier

Marcus Thomas, Vice President
President, Vice President, Cashier
President, Vice President
President, Vice President and Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier

TEXA S— Continued
L o c a tio n

N am e o f Bank o r T ru st C om pa n y

O fficers A u th o ris e d to Cast V o te

Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier,
Assistant Cashier
Vice President
Chairman, President, Vice President, Cashier
President, Vice President
President
President, Vice President, Cashier
Chairman, President
Chairman, President, Vice President
Chairman, President, Vice President, Cashier
President, Vice President
President
Cashier
Executive Vice President
Vice President
P. J. Windsor, Vice President
Chairman, President, Vice President, Cashier
President, Vice President
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Vice President, Cashier
President, Cashier

Kenedy
Kilgore
Killeen
Kingsville
Lamesa
Lamesa

First-Nichols National Bank of Kenedy__________________
Citizens State Bank & Trust Company____ __________ ____—
First National Bank of Killeen_________ ____________ ___ __
Kleberg First National Bank of Kingsville________ ______
.......
The First National Bank of Lamesa..............................
The Lamesa National Bank.........................................................

Lampasas
Lampasas
Laredo
Laredo
Levelland
Levelland
Liberty
Littlefield
Llano
Lockhart
Lubbock
Lufkin
Lufkin
Marlin
McAllen
McAllen
McGregor
McKinney
McKinney
Memphis

First National Bank__________________ ______ _
______ _
The Peoples National Bank of Lampasas____ ..
_...........
The Laredo National Bank _______________ .
. .
...
Union National Bank of Laredo________________________ _
_
The First National Bank of Levelland_____________________
Levelland State Bank________ __ _______
_______ _____ _
First-Liberty National Bank_________ ____________________
The First National Bank of Littlefield_____________________
Moore State Bank______________ ________ ___ ___________
First-Lockhart National Bank_____________________________
American State Bank______________________ ______________
The First State Bank & Trust Company of Lufkin_______ __
The Lufkin National Bank__________________ ______ ______
First State Bank of Marlin______________ ___________ _........
First National Bank______________________________________
.
McAllen State Bank___________________ ____ ______
The First National Bank of McGregor.______ __________ ...
Central National Bank of McKinney_______________ _______
The Collin County National Bank of McKinney____________
The First National Bank of Memphis______________________

Mexia
Mineola
Mineral Wells
Mineral Wells
Mission
Monahans
Monahans
Mount Pleasant
Munday
Nacogdoches
Nacogdoches
Navasota
New Boston
New Braunfels
Nocona
Odessa
Olney
Orange
Orange
Ozona
Paducah
Palestine
Palestine
Pampa
Panhandle
Paris
Paris
Pasadena
Pecos
Pecos
Perryton
Plainview
Port Neches
Post
Quanah

First National Bank of Mexia________ ______ _______
_
The First National Bank of Mineola____________________ __
City National Bank______________________________________
The State National Bank of Mineral Wells_________________
First National Bank of Mission.......... ........................ ............. .
First National Bank of Monahans______________ ________ _
First State Rank
The First National Bank in Mount Pleasant
First National Bank in Munday
Commercial National Bank in Nacogdoches
The Stone Fort National Bank of Nacogdoches....... ................
The First National Bank of Navasota_________ ____________

President, Vice President, Cashier
Cashier
President
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Executive Vice President, Vice President

The First National Bank of New Braunfels_____ ______
The Farmers and Merchants National Bank of Nocona
.
First State Bank
The First National Bank of Olney
First National Bank in Orange____________________
_
Orange National Bank...... ...... ..... ............................................
Ozona National Bank
First National Rank
East Texas National Bank..... ......................................................
Royall National Bank......... ....... ..................................................
First National Bank in Pampa.... ...... .......... ............................ .
First National Bank of Panhandle_____ ___________________
First National Bank of Paris.......................................... ............
The Liberty National Bank in Paris..........................................
First National Rank of Pasadena
First National Bank of Pecos....'.__________________
__
The Security State Bank of Pecos, T e x a s
The First National Bank of Perryton_________ ________
The City National Bank of Plainview
The First National Rank of Port Neches
The First National Rank of Post
First National Bank____________________________

President
C. McCall, President
President, Executive Vice President
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Vice President
President
President, Vice President
President, Vice President, Cashier
President
Vice President and Cashier
President
Chairman, President, Vice President, Cashier

President, Vice President, Cashier
President, Vice President, Cashier
President
Chairman, President, Vice President, Cashier
President, Cashier

Chairman, President, Vice President, Cashier
President, Vice President, Cashier
President
Chairman, President, Vice President, Cashier
President, Cashier
Cashier
Chairman, President, Vice President, Cashier

T E X A S— Continued
L o c a tio n

Nam e o f B ank o r T ru st C om p a n y

O fficers A u th o ris e d to Cast V o te

Quitman
Rankin
Raymondville
Refugio
Robstown
Robstown
Rotan
San Angelo
San Antonio
San Antonio
San Benito
Seguin
Seguin
Seguin
Seymour
Shiner
Snyder
Snyder
Sonora
Spearman
Spur
Stamford
Stanton
Stephenville
Sterling City
Sulphur Springs
Sulphur Springs
Sweetwater
Tahoka
Taylor
Taylor
Teague
Terrell
Texas City
Tomball
Tulia
Uvalde
Vernon
Vernon
Waco

Chairman, President, Vice President, Cashier
The First National Bank of Quitman.............. ....... ............. ..
The First State Rank of Rankin
President, Vice President, Cashier
The First National Bank of Raymondville-.................... .......... President
The First National Bank of Refugio.— ........... ......................... Cashier
_
The Robstown National Bank___ ______________ __________ ___ , _,________ __________ _
State National Bank.._______ ____________ _________________ Chairman
The First. National Rank of Rotan
First National Bank.._____________________ ______________ President
Broadway National Bank of Alamo Heights_____________ _
_ Chairman, President, Vice President, Cashier
First National Bank of San Antonio___________ _____ ______ Chairman, President, Vice President, Cashier
The San Benito Bank & Trust Company___________________ Executive Vice President
The First National Bank of Seguin.............. ............................. Chairman, President, Cashier
The Nolte National Bank of Seguin ___ ___________________ Chairman
Seguin State Bank & Trust Company................................... ...... President, Vice President
The Farmers National Bank of Seymour___________________ Chairman, President, Vice President, Cashier
First National Bank of Shiner................................................ — Chairman, President, Cashier
Snyder National Bank__________________ ___ ___________ — Vice President, Vice President and Cashier
West Texas State Bank____________________________ ___ — President, Vice President, Cashier
First National Bank.... ............. ................... ................................ Executive Vice President
First State Bank...... ............. ................................. ...... ............... President, Vice President, Cashier
Spur Security Bank_________________ _______________ _____ Vice President, Cashier
The First National Bank in Stamford_________ ______ _______ President, Cashier
The First National Bank of Stanton.................................. ....... President
Farmers-First National Bank.........................._.......................... President, Cashier

Waxahachie
Waxahachie
Weatherford
Weatherford
Weatherford
Wellington
Weslaco
Wharton
Wharton
Winnsboro
Yoakum
Y sleta

Citizens National Bank in Waxahachie......... ............................
Waxahachie Bank and Trust Company...... ............................—
The Citizens National Bank of Weatherford________________
The First National Bank of Weatherford___________________
The Merchants and Farmers State Bank of Weatherford__
The First National Bank in Wellington____________________
The First National Bank of Weslaco..........................................
Security Bank and Trust Company___________________ —
Wharton Bank and Trust Company________________________
The First National Bank of Winnsboro ......... ..........................
The Yoakum National Bank.......................................................
Citizens State Bank......................................................................

City National Bank_______________________________________
Sulphur Springs State Bank________ _________ ____________
National Bank of Sweetwater__________________ _________
First National Bank of Tahoka__ ____ _______ __________
The City National Bank.........................................................
First-Taylor National Bank............................. _
______ ...
First National Bank of Teague____________________________
The American National Bank of Terrell___________________
The Texas City National Bank of Texas City_______________
Guaranty Bond State Bank_____________________________ .
The First National Bank of Tulia............... ........................... .
The First State Bank of Uvalde, Texas____________________
Herring National Bank___ __ _____________________________
The Waggoner National Bank of Vernon... ..............................
National City Bank___ _______ _____ ________ __________ —

President, Vice President, Cashier
President, Cashier
President
Chairman, President, Vice President,
President
President
President, Vice President, Cashier
Chairman, President, Vice President,
President
President
Cashier
President
President, Vice President, Cashier
President, Vice President
President, Vice President, Cashier,
Assistant Cashier
Executive Vice President
President
President
Cashier
President
Chairman, President, Vice President,
President, Vice President, Cashier
Chairman, President, Vice President,
Chairman, President, Vice President,
Chairman, President, Vice President,
President, Vice President, Cashier
President

Cashier

Cashier

Cashier
Cashier
Cashier
Cashier

Information Concerning Eligibility for
Class A Directorship o f a Federal Reserve Bank

Section 4 of the Federal Reserve Act proivdes that Class A directors shall be chosen by and be
representative of the member 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 director.
Under a resolution of the Federal Reserve Board, adopted December 23, 1915, 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 o f political party committees, can­
not, consistently with the spirit and underlying principles of the Federal Reserve Act, serve as directors
or officers of Federal Reserve banks.
The Federal Reserve Board also passed a resolution, December 28, 1915, that “ national bank
examiners shall not hereafter be elected . . . to directorships in Federal Reserve banks.”

GROUP 3
Consists of all member banks with a combined capital and surplus of $150,000 and less

Banks in this group elect one Class A director

LOUISIANA
L o c a tio n

Arcadia
Delhi
Oak Grove
Rayville

N am e o f Bank o r T ru st C o m p a n y

First. National Rank in Arcadia
The First National Hank of Delhi
West Carroll National Bank of Oak Grove.......................
First National Hank of Rnyville

O fficers A u th o ris e d t o Cast V o te

President
T. F. Hardy, President
.

NEW MEXICO
L o c a tio n

Bayard
Deming
Hagerman
Hatch
Logan
Lordsburg
Melrose
Nara Visa
Portal es
Santa Rosa

N am e o f Bank o r T ru st C om pa n y

O fficers A u th o ris e d to Cast V o te

The ftrant. County State Rank
President, Vice President, Cashier, Secretary
Vice President
First National Bank____________ _____________ ___________ .. President
Mr.FarlanH Rrothers Hank
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
The First National Bank of Melrose_________ ____ .____ ___ S. L. Sanders, Vice President
First National Hank
James M. Burns, Cashier
President, Cashier
The First National Rank of Santa Rosa
Cashier
OKLAHOMA

L o c a tio n

Atoka
Boswell

Nam e o f B ank o r T rust C om pa n y

The Atoka State Bank__ _____ _____ ______________—

O fficers A u th o ris e d to Cast V o te

.....

President, Vice President, Cashier
President
President, Vice President, Cashier

O KLAH O M A— Continued
L o c a tio n

Broken Bow
Coalgate
Colbert
Hugo
Idabel
Madill
Madill

N am e o f B a n k o r T ru st C om pa n y

Citizens State Bank
First National Bank in Coalgate
First National Bank
The Citizens State Bank
Idabel National Bank of THahel
The First National Bank in Madill
The Madill National Bank............................ .......... ...................

O fficers A u th o ris e d t o Cast V o te

President
Cashier
Cashier
Chairman, Vice President, Cashier
Chairman, President, Vice President, Cashier
Cashier
Chairman, President, Vice President, Cashier

TEXAS
L o c a t io n

Alto
Alvord
Amherst
Anderson
Anna
Anson
Anthony
Anton
Aspermont
Atlanta
Atlanta
Avinger
Bailey
Baird
Bandera
Bandera
Bangs
Bastrop
Beeville
Bells
Bellville
Blanco
Bogata
Booker
Brackettville
Bremond
Brenham
Bridgeport
Bronte
Burkburnett
Byers
Bynum
Caddo Mills
Cameron
Canton
Carrizo Springs
Celeste
Celina
Chilli cothe
Cisco

O fficers A u th o riz e d t o Cast V o t e

N am e o f B ank o r T ru st C o m p a n y

Continental State Bank

President

First National Bank
First. National Rank
First National Bank
The First National Bank of Anson__________
_____ ___
Anthony State Rank
Citizens State Bank
The First National Rank of Aspermont
Atlanta National Bank__ ______________ __ ....... ............. .
First National Rank
The First State Rank
First National Bank of Bailey
The First National Bank of Baird
First National Rank
First State Bank
First State Bank
First National Rank
State Bank & Trust Company________ — ______ _________
First National Bank
First National Rank
The Rlanon National Rank
First National Rank in Rogata
The First State Rank
The First State Rank
The First State Rank of Rremond
The Farmers National Rank in Rrenham
The First National Bank of Bridgeport
First National Rank in Rronte
First National Rank in Rurkbiimett
First National Rank
First National Rank

President
President, Vice President
President, Vice President, Cashier
Vice President, Cashier
Executive Vice President

Vice President and Cashier
Chairman, President, Vice President, Cashier
Cashier

Vice President and Cashier
President, Cashier
President, Vice President, Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Cashier
President
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier

Chairman, President, Vice President, Cashier

Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier,
Assistant Cashier
President
President, Vice President, Cashier

Clarendon
Clarendon
Clarksville
Claude
Cleveland
Clifton
College Station

The Farmers State Bank of Clarendon_____________________

Coolidge

The First National Bank of Coolidge----------- ----------------------- Chairman, President, Vice President, Cashier

First National Bank________

______ ____________________ Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier

T E X A S — Continued
L o c a tio n

O fficers A u th o ris e d to Cast V o te

N am e o f B a n k o r T ru st C o m p a n y

Cooper
Cooper
Cotulla
Crosby
Crowell
Cushing
Daingerfield
Darrouzett
Dawson
DeKalb

Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Active Vice President
President
Chairman, President, Vice President, Cashier

Delta National Bank

First National Bank of Cushing
.......................... .
The National Bank of Daingerfield
The First National Bank of Darronrett
The First National Bank of Dawson
State Bank of DeKalh

Stockmen’s National Bank in Cotulla........................ ....

Del Rio
Deport
Eagle Lake
East Bernard
Eastland
Eden
Edgewood
El Campo
Eldorado
Emory
Evant
Falls City
Farmersville
Fayetteville
Ferris
Floresville

First. National Bank
Union Slate Bank
Eastland National Rank
F.den State Bank
The First National Bank of Fdgewood
The First. National Bank of FI Campo
The First National Bank
First National Rank
The First National Bank of Fvant

Follett
Forney
Forney

Vice President
Chairman, President, Vice President, Cashier
President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President, Cashier

..

Vice President
Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
.... Assistant Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
.
President, Cashier
President, Vice President, Cashier
Vice President and Cashier
Chairman, President, Vice President, Cashier

The Follett National Rank

.

First National Bank at Farmersville
Farmers National Bank
Farmers and Merchants State Bank of Ferris, Texas
First-City National Bank of Floresville

__

Fredericksburg
Freeport
George West

Chairman, President, Vice President,
Chairman, President, Vice President
D. H. Moyers, President
Chairman, President, Vice President,
Vice President, Cashier
Vice President, Cashier
President, Cashier
Vice President and Cashier
President, Vice President, Cashier
President, Vice President, Cashier
Chairman
Chairman, President, Vice President,
Vice President
Cashier
President, Vice President
Chairman, President, Vice President,

Cashier

Honorary

Cashier

Cashier

Gorman
Granbury

Granger
Granger
Grapevine
Greggton
Groveton
Hallettsville
Hamilton
Haskell

Chairman, President, Vice President, Cashier
Vice President
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Vice President and Cashier
Chairman, President, Vice President, Cashier
First National Bank in Groveton .......................................... - President

The First National Bank of Granbury _______________

Haskell National Bank. .

__

.

..

---- . _

Chairman, President, Vice. President, Cashier
President, Cashier
President, Vice President, Cashier

Hebbronville
Hempstead
Henrietta
Hereford

Chairman, President, Vice President, Cashier
Vice President
President
President, Cashier

Higgins

Executive Vice President

T E X A S— Continued
L o c a tio n

O fficers A u th o ris e d to Cast V o te

N am e o f B ank o r T ru st C om p a n y

Holland
Honey Grove
Houston
Hughes Springs
Iola
Iowa Park
Italy
Itasca
Jacksboro
Jacksboro
Jefferson
Junction
Junction
Kemp
Kerens
Kerrville
Knox City
Kosse
Lacoste
Ladonia
La Feria
La Grange
Lakeview
LaMarque
Lancaster
La Porte
Leonard
Lewisville
Linden
Lipan
Littlefield
Livingston
Lockney
Loraine
Lorenzo
Lovelady
Luling
Madisonville
Madisonville
Marfa

First National Bank____ ______ ___________
First National Bank in Honey Grove______
First State Bank of Green’s Bayou________
First National Bank in Hughes Springs____
Iola State Bank____________________ ______
The State National Bank of Iowa Park____
First National Bank_______ ______________
First National Bank____ _____ ___________
First National Bank of Jacksboro_________
The Jacksboro National Bank_____________
The First National Bank of Jefferson______
First State Bank_________________________
Junction National Bank___ ___ ___________
First National Bank.......................... ..............
First National Bank of Kerens____________
First State Bank_________________________
The Citizens State Bank__________________
The First State Bank__ ___________________
Lacoste National Bank .................................
Farmers & Merchants State Bank_________
First National Bank of La Feria__________
The First National Bank of La Grange____
First National Bank of Lakeview_________
First State Bank__________ __ ____________
First National Bank of Lancaster._________
The First National Bank of La Porte______
The Leonard National Bank______________
First National Bank______________________
First National Bank____________ _________
First National Bank______________________
Security State Bank_________________ ___
First National Bank______________________
First National Bank in Lockney....... ..... .......
First State Bank..............................................
Lorenzo State Bank__ ____________________
The State National Bank of Lovelady_____
The First National Bank in Luling________
Farmers State Bank of Madisonville, Texas.
First National Bank--------------------------------Marfa National Bank__ __________________

Marfa
Marion
Marlin
Marlin
Mart

The Marfa State Bank____ _______________
Marion State Bank_______________________
The First National Bank of Marlin________
Marlin National Bank____________________
Farmers & Merchants National Bank______

Mart
Mason
Matador
Mathis
Maypearl
McLean
Melvin
Menard
Merkel
Mertzon
Mesquite
Midlothian
Milford
Moody
Moran
Morton

First National Bank______________________
The Mason National Bank_____ _____ _____
The First State Bank of Matador__ _______
First State Bank of Mathis_______________
First State Bank___ ____ _________________
American National Bank in McLean______
First National Bank of Melvin____________
The Menard National Bank_______________
Farmers & Merchants National Bank______
First National Bank__ ___________________
The First National Bank of Mesquite______
First National Bank in Midlothian________
First National Bank of Milford___________
First National Bank_____________________
Moran National Bank____________________
First State Bank-------------- -----------------------

Chairman, President, Vice President
President
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President
Cashier
Chairman, President, Vice President, Cashier
Chairman, Vice President, Cashier
President
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Cashier
President
Chairman, President, Vice President, Cashier
Cashier
Vice President and Cashier
Chairman, President, Vice President
Chairman, President, Vice President, Cashier
Vice President and Cashier, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
President
Chairman, President, Vice President, Cashier
Cashier
Cashier
President, Vice President, Cashier, Assistant Cashier
Vice President and Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Cashier
Chairman, President, Vice President, Cashier,
Assistant Cashier

President
Chairman, President, Vice President, Cashier
Chairman; President; A. T. Stansell, Executive
Vice President; Vice President; Cashier
President, Vice President, Cashier
Chairman, President, Vice President
Vice President
President, Cashier
President, Cashier
President, Cashier
Cashier
President
Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Cashier
Vice President and Cashier
President

TEXA S— Continued
L o c a tio n

Mount Calm
Mount Pleasant
Mount Vernon
Naples
Newcastle
Newton

N am e o f B ank o r T ru st C om pa n y

First. National Rank in Mount flalm
Guaranty Bond State Bank

Richmond
Robert Lee
Roby
Rockport
Rocksprings
Rockwall
Roscoe
Rosebud
Rosebud
Rosenberg
Rowena
Roxton
Royse City
Rule
Rusk
Saint Jo

Morris County National Rank of Naples
Farmers National Bank of Newcastle... ....... .............................
First. National Rank
Peoples National Rank
First National Rank
First National Rank
First State Rank of Odem
The First National Rank of O’Donnell
First. National Rank
First National Rank
Security State Rank
Perrvton National Rank
Pilot Point National Rank
First State Bank.......................... ....... ..........................................
The Pittsburg National Rank
The First National Rank of Plano
First National Rank in Pleasanton
The First National Rank of Poth
First State Rank
Security National Rank
First. National Rank
Security State Bank & Trust. Company
First National Rank in Rhome
Citizens State Rank of Richardson, Terras
First. National Rank
First National Bank__________________ ___ _________________
Fort Rend National Rank
Robert Lee State Rank
Citizens State Bank, Roby, Texas
First National Rank
Peoples State Rank
The First State Rank
The Roscoe State Rank
....
The First National Rank of Rosehnd
Planters National Rank
First National Rank
First National Rank
The First National Rank of Roxton
Citizens State Rank
The Farmers National Bank of Rule, Texas______ ___ __ _
Farmers and Merchants State Rank
The First National Rank of Saint Jo

San Augustine
Sanger
San Marcos
San Marcos
San Saba
San Saba
Santa Anna
Santo
Schertz
Schulenberg
Schwertner
Seagraves
Seminole
Seymour
Shamrock
Shamrock
Shiro

The First. National Rank of San Augustine
The First. National Rank of Sanger
The First National Bank of San Marcos... ...........................
State Bank and Trust Company
City National Rank
San Saba National Rank
The Santa Anna National Rank
First National Rank
Schertz State Bank_____________ ____
_______ _ _____
First National Bank..................... ........................................ ....
First National Bank............................. .............................
The First National Rank in Seagraves
Seminole State Rank
The First National Bank of Seymour___ . ............ ................
Farmers & Merchants State Rank of Shamrock
The First National Rank of Shamrock
Farmers State Bank of Shiro, Texas..._________ _______ _____

Normangee
Odem
O’Donnell
Oglesby
Palestine
Pearsall
Perryton
Pilot Point
Pittsburg
Pittsburg
Plano
Pleasanton
Poth
Premont
Quanah
Quitaque
Rhome
Richardson
Richland

O fficers A u th o ris e d t o Cast V o te

Chairman, President, Vice President, Cashier
President
J. A. Banister, Vice President
Chairman, President, Vice President, Cashier
Cashier
President
Cashier
Chairman, President, Vice President, Cashier
Cashier
President, Vice President, Cashier

President, Cashier
President
President, Cashier
President
Cashier
Vice President, Cashier
Chairman, President, Vice President, Cashier
President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Cashier
President
President, Vice President, Cashier

Vice President

Chairman, Vice President
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Vice President
Cashier
Cashier
Chairman, President, Vice President, Cashier
Cashier
Jeff Austin, President
Chairman, President, Vice President, Cashier,
Assistant Cashier
Chairman, President, Vice President, Cashier
Cashier

Chairman, President, Vice President, Cashier
Vice President, Cashier
President

President, Cashier
Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
Chairman, President, Vice President, Cashier
W. S. Davis, Jr., President

TEXA S— Continued
L o c a tio n

Silsbee
Strawn
Strawn
Streetman
Sudan
Sunray
Taft
Taft
Thomdale
Throckmorton
Tom Bean
Trent
Trenton
Trinity
Troup
Valley Mills
Valley View
Van Alstyne
Van Horn
Wellington
West
West
West Columbia
Wheeler
White Deer
Whitesboro
Whitewright
Whitney
Wills Point
Windom
Winters
Wolfe City
Woodsboro
Wortham
Yorktown
Yorktown

O fficers A u th o ris e d to Cast V o te

N am e o f B a n k o r T ru st C om p a n y

Silabee State Rank
Chairman, President, Vice President, Cashier
First National Rank
Vice President, Cashier
The Strawn National Rank
President, Vice President, Cashier
First National Bank
President, Vice President, Cashier
First National Bank
President
Snnray State Rank
The First National Rank of Taft__________ _______________ Chairman, President, Vice President, Cashier
The First State Rank of Taft.
President, Active Vice President
Thorndale State Rank
Chairman, President, Vice President, Cashier
The First National Rank of Throckmorton
President, Vice President, Cashier

First National Bank______________________________________

The Valley View National Rank

Cashier
Henry Donaghey, Cashier
President, Vice President
Executive Vice President
Chairman, President, Vice President, Cashier

..........
Cashier

President
President, Vice President
Chairman, President, Vice President, Cashier
The Farmers National Bank of White Deer.------------------------President, Vice President
Chairman, President, Vice President, Cashier
President, Cashier
President, Cashier

First State Bank of Yorktown...... ....... .............................. ...........

Chairman, President, Vice President
Cashier
President
Cashier
Chairman, President, Vice President

Directors o f the Federal Reserve Bank o f Dallas

N am e

E lected b y
Banks in
G ro u p

O cc u p a tio n

Class

T erm
E xpires
D ec. 31

P. P. B u t le r ................................

President, First National Bank in Houston,
Houston, Texas

1

A

1954

W. L. P e t e r s o n ...........................

President, The State National Bank,
Denison, Texas

2

A

1953

J. Edd McLaughlin

. . . .

President, Security State Bank & Trust
Company, Ralls, Texas

3

A

1952

George L. MacGregor

.

Chairman of the Board, President and General
Manager, Dallas Power and Light Company,
Dallas, Texas

1

B

1952

2

B

1954

3

B

1953

C

1952

99

C

1954

99

C

1953

Vacancy

.

.

.

.....................................

W. F. B e a l l ................................

President and General Manager,
3 Beall Brothers 3, Department Stores,
Jacksonville, Texas

J. R. P a r t e n ................................
Chairman

President, Woodley Petro­
leum Company,
Houston, Texas

R. B. A n d e rso n ...........................
Deputy Chairman

General Manager,
W. T. Waggoner Estate,
Vernon, Texas

V a c a n c y .....................................

Appointed by the
Board of Governors of the
Federal Reserve System


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102