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F e d e r a l R e s e r v e Ba n k O F D A LLA S Dallas, Texas, September 18, 1957 ELECTION OF DIRECTORS To the Member Banks in 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, whose terms expire December 31, 1957: Class A director — Mr. Sam D. Young President, El Paso National Bank El Paso, Texas Class B director — Mr. D. A. Hulcy Chairman of the Board Lone Star G as Company Dallas, Texas The Class A director will be elected by banks in Group 1, and the Class B director, by banks in Group 2. The banks in Group 3 do not elect a director this year. In accordance with the announcement contained in the circular letter of July 21, 1954, Group 1 consists of banks with capital and surplus of $1,200,000 and over; Group 2 consists of banks with capital and surplus of over $200,000 and less than $1,200,000; and Group 3 consists of banks with capital and surplus of $200,000 and less. Lists of banks comprising 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 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 18, 1957. A form for this purpose is enclosed. On or about October 25, 1957, a list of the candi dates, with the names of the nominating banks, and a preferential ballot will be mailed to each bank in the voting groups. The polls will open on October 28, 1957, and close at 2:00 P.M. on November 12, 1957. The ballots must be executed during that period and be mailed so as 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. O n 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 authori zation should do so by resolution 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. W hen an authorization is made, it is preferable that designations should be by title. W hile the banks in Group 3 will not participate in this election, this circular is sent to them, without forms, for their information. Yours very truly, ROBERT J. SMITH Chairman of 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 A Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act provides 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 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." GROUP 1 C on sists o f all m em ber b a n k s with a com bined capital a n d surp lu s of $ 1 ,2 0 0 ,0 0 0 a n d ove r Banks in this group elect one Class A director A RIZO N A Name of Bank or Trust Company Location Southern A riz o n a Bank & Trust C o m p a n y .................................. Tucson Officers Authorized to Cast Vote President, V ice President LOUISIANA Officers Authorized to Cast Vote Name of Bank or Trust Company Location M o n ro e C entral S a v in g s B a n k a n d Trust C o m p a n y ................................ President M o n ro e The O u a c h ita N a tio n a l B an k in M o n r o e ................................... C ha irm a n, President, V ice President, C a sh ie r Shreve p o rt C om m ercial N a tio n a l B ank in S h r e v e p o r t ................................ President, V ice President, C a sh ie r Shreve po rt The First N a tio n a l Ban k of S h re v e p o rt..................................... President, V ice President, C a sh ie r TEXAS Officers Authorized to Cast Vote Name of Bank or Trust Company Location A b ile n e The C itizen s N a tio n a l B an k in A b ile n e .................................... President, V ice President, C a sh ie r A b ile n e First N a tio n a l B ank o f A b ile n e ................................................ C h a irm a n , President, V ice President, C a sh ie r A m a rillo A m a rillo A m a rillo The A m e rican N a tio n a l B ank of A m a r il lo ................................. President, Executive Vice President A m a rillo The First N a tio n a l B an k of A m a r illo .......................................... President A ustin The A m e rican N a tio n a l B ank o f A u stin ,..................................... President A ustin The A u stin N a tio n a l B a n k ..... ................................................... President A ustin The C a p ita l N a tio n a l B an k in A u s t in ........................................ President Beaum ont The A m e rican N a tio n a l B ank of B eaum ont........................ ........ C h a irm a n , President, V ice President, C a sh ie r Beaum ont The First N a tio n a l B an k o f B e a u m o n t....................................... C ha irm a n, President, V ice President, C a sh ie r C o rp u s Christi C o rp u s C hristi State N a tio n a l B a n k ........................................... C h a irm a n , President, V ice President, C a sh ie r D a lla s First N a tio n a l B an k in D a lla s ................................................... C h a irm a n , President, V ice President, C a sh ie r D a lla s M e rcantile N a tio n a l B an k at D a l l a s ......................................... C ha irm a n, President, V ice President, C a sh ie r D a lla s Republic N a tio n a l Ban k of D a l l a s ............................................. C h a irm a n , President, V ice President, C a sh ie r D a lla s Texas B ank & Trust C o m p a n y of D a l l a s .............. ..................... C ha irm a n, President N a tio n a l B a n k ............................................................ C h a irm a n , President, V ice President, C a sh ie r . TEXAS — Continued Location Officers Authorized to Cast Vote Name of Bank or Trust Company El Paso El Paso N a tio n a l B a n k ............................................................... President, V ice President El Paso The State N a tio n a l B an k of El P a s o ......................................... President Fort W orth C ontinental N a tio n a l B an k o f Fort W o rt h ............................... .... President Fort W o rth The First N a tio n a l B an k of Fori W o rt h ....................................... C h a irm a n , President, V ice President, C a sh ie r Fort W o rth The Fort W o rth N a tio n a l B a n k ................................................. President, V ice President, C a sh ie r G alve ston H u tch in g s-S e a ly N a tio n a l B an k o f G a lv e st o n .............................. President, V ice President, C a sh ie r Houston B an k o f the Southw est N a tio n a l A sso c ia tio n , H o u sto n ................. C h a irm a n , President, V ice President Houston C itize n s State B a n k ................................................................... President Houston First C ity N a tio n a l B an k o f H o u sto n .......................................... C h a irm a n , President, V ice President, C a sh ie r H ouston H ouston Ban k & Trust C o m p a n y ................................................ C a sh ie r H ouston H ouston N a tio n a l B a n k ............................................................. C h a irm a n , President, V ic e President, C a sh ie r H ouston T exas N a tio n a l B a n k o f H ou ston ................................................ C h a irm a n , President, V ice President, C a sh ie r L on gview The First N a tio n a l B an k o f L o n g v ie w .......................................... President, V ice President L on gview L o n gv ie w N a tio n a l B a n k ............................................................ V ice President, C a sh ie r Lubbock The C itize n s N a tio n a l B an k of L u b b o c k .................................... President Lubbock First N a tio n a l B an k at L u b b o c k ................................................. President, V ice President, C a sh ie r President, V ice President, C a sh ie r Lubbock The Lub b ock N a tio n a l B a n k ....................................................... President M id la n d The First N a tio n a l B a n k o f M id la n d .......................................... President M id la n d The M id la n d N a tio n a l B a n k ....................................................... President O d e s sa The First N a tio n a l B an k o f O d e s s a ........................................... President, V ice President Port A rth ur The First N a tio n a l B a n k o f Port A rth u r....................................... President, V ice President, C a sh ie r Port A rth ur The M e rc h an ts N a tio n a l B an k of Port A rth u r.............................. C h a irm a n , President, V ic e President, C a sh ie r S a n A n to n io The A la m o N a tio n a l B an k o f S a n A n t o n io ...... ........................... V ice President S a n A n to n io B exa r C ou n ty N a tio n a l B ank o f S a n A n t o n io .............................. President, V ice President, C a sh ie r S a n A n to n io The Frost N a tio n a l B an k o f S a n A n t o n io ................................... C a sh ie r Ernest M . G ro o s, President S a n A n to n io The G ro o s N a tio n a l B an k o f S a n A n t o n io ................................ S a n A n to n io N a tio n a l B a n k o f Com m erce of S a n A n t o n io ............... .............. President, V ice President She rm an The M e rc h a n ts a n d Planters N a tio n a l B a n k o f S h e rm a n ............. President, C a sh ie r Tem ple First N a tio n a l B an k o f T em p le................................................... President T e xa rka n a The T e xa rka n a N a tio n a l B a n k ............................... ................... C a sh ie r Tyler C itize n s First N a tio n a l B ank of T yle r........................................ President, V ice President, C a sh ie r Tyler The Peop les N a tio n a l B an k o f T yle r.......................................... President, V ice President Tyler Tyler B an k a n d Trust C o m p a n y ................................................... President, V ice President, C a sh ie r V ictoria V ictoria B an k a n d Trust C o m p a n y .............................................. President V ictoria The V ictoria N a tio n a l B a n k ....................................................... C h a irm a n , President, V ic e President, C a sh ie r W aco The C itizen s N a tio n a l B a n k o f W a c o .......................................... President W aco The First N a tio n a l B an k o f W a c o .............................................. President, V ice President W ic h ita Falls C ity N a tio n a l B an k in W ic h ita Fa lls.......................................... V ice President W ic h ita Falls The First N a tio n a l B an k o f W ic h ita F a lls.................................... President W ic h ita Falls W ic h ita N a tio n a l B an k o f W ic h ita F a lls................................... C h a irm a n , President, V ice President, C a sh ie r Information Concerning Eligibility for Class B Directorship of 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 2 C on sists o f all m em ber b a n k s with a com bined ca p ita l and surp lu s o f o v e r $ 2 0 0 ,0 0 0 a n d less than $ 1 ,2 0 0 ,0 0 0 Banks in this group elect one Class B director LOUISIANA Location Officers A uthorized to C ast Vote N a m e of Ba nk or Trust C om pany President Bastrop B astrop N a tio n a l B a n k ............................................................. B ossier C ity The N a tio n a l B ank of B ossier C it y ............................................ President H om er The Hom er N a tio n a l B a n k ........................................ ................ C h a irm a n , President, V ice President, C a sh ie r President Lake Providence The First N a tio n a l B an k of Lake P ro v id e n ce ............................. M a n sfie ld First N a tio n a l B an k in M a n sfie ld ................................................ C a sh ie r M in d e n M in d e n B an k & Trust C o m p a n y ................................................. President Tallulah Southern N a tio n a l B an k at T a llu la h ........................................... C h a irm a n W e st M o n ro e First N a tio n a l B an k o f W e st M o n r o e ..... .................................... President, V ice President, C a sh ie r NEW M EXICO Location Officers A uthorized to C ast Vote N a m e of Ba nk or Trust C om pa ny A la m o g o rd o First N a tio n a l B an k in A la m o g o rd o ....................................... ... C h a irm a n , President, Executive V ice President, A rte sia The First N a tio n a l B an k o f A r t e s ia .......................................... C ha irm a n, President, V ice President, C a sh ie r V ice President C a rlsb a d A m e rican B an k of C a r l s b a d ................................................. C h a irm a n , President, V ice President, C a sh ie r C a rlsb a d The C a rlsb a d N a tio n a l B a n k .................................................... President, V ice President, C a sh ie r C lo vis The C lo vis N a tio n a l B a n k .......................................................... V ice President Hobbs First N a tio n a l B an k of H o b b s .................................................. President Las C ruces The First N a tio n a l Ban k of Las C ru ce s....................................... C h a irm a n , President, V ice President, C a sh ie r Lovington Lovin gton N a tio n a l B a n k .......................................................... President Roswell The First N a tio n a l B a n k o f Roswell .......................................... President, Vice President, C a sh ie r Roswell Roswell State B a n k ................................................................... President, Vice President S ilv e r C ity The A m e rican N a tio n a l B ank of S ilv e r C ity ...................... ........ C a sh ie r Truth or C o n se q u e n c e s Hot S p rin g s N a tio n a l B a n k ...................................................... Tucum cari The First N a tio n a l B an k in Tucum cari ....................................... President, C a sh ie r C h a irm a n , President, V ice President O KLAH O M A Location N a m e of Ba nk or Trust C om pa ny Officers A uthorized to C ast Vote D urant The D u ra n t N a tio n a l B ank in D u r a n t ........................................ President, V ice President, C a sh ie r D urant The First N a tio n a l B an k in D u r a n t ........................................... President, V ice President, C a sh ie r TEXAS Location Officers A uthorized to C ast Vote N a m e of Ba nk or Trust C o m p a n y A b ile n e The First State B a n k ................................................................. President A lb a n y The First N a tio n a l Ban k o f A lb a n y .......................... .................. V ice President President A lp in e First N a tio n a l B an k in A lp in e ................................................... A n d re w s First N a tio n a l B an k o f A n d r e w s ................................................ Executive V ice President A n g le to n The First N a tio n a l B an k o f A n g le t o n .......................................... C h a irm a n , President, V ice President, C a sh ie r A rlin g to n First N a tio n a l B a n k in A rlin g to n ................................................ President, V ice President, C a sh ie r A u stin C ity N a tio n a l B a n k o f A u s t in ..................................................... S e n io r V ice President A ustin T exas State B a n k ....................................................................... President B a y City B a y C ity B ank & Trust C o m p a n y ................................................ President B a y City The First N a tio n a l B an k of B a y C it y .......................................... C h a irm a n , President, V ice President, C a sh ie r Baytow n C itizen s N a tio n a l B ank & Trust C o m p a n y o f B a y t o w n ................ President, V ice President, C a sh ie r Baytow n The First N a tio n a l B a n k o f B aytow n .......................................... Beaum ont Security State B an k a n d Trust C o m p a n y o f B eaum ont................. Bellaire First State B an k o f B e lla ire ...................................................... President, Executive V ice President Belton The First N a tio n a l B ank in Belton......................... .................... C h a irm a n , President, V ice President, C a sh ie r B ig S p rin g The First N a tio n a l B an k in B ig S p r in g ....................................... C h a irm a n , President, V ice President, C a sh ie r B ig S p rin g The State N a tio n a l B a n k o f Big S p r in g ..................................... C h a irm a n , President, V ice President, C a sh ie r B o rge r First N a tio n a l B an k o f B o rg e r.................................................. C h a irm a n , President, V ice President Bow ie The First N a tio n a l B an k o f Bow ie............................................. President B ra d y The C om m ercial N a tio n a l B an k of B ra d y .................. ................ C h a irm a n , President, V ice President, C a sh ie r B recken rid ge First N a tio n a l B ank in B re c k e n rid g e ......................................... C h a irm a n , President, V ice President, C a sh ie r B o rge r C ha irm a n, President, V ice President, C a sh ie r Brenham The First N a tio n a l B ank o f B re n h a m ......................................... Brenham W a s h in g t o n C ou n ty State B a n k ................................................. Brownfield Brow nfield State B an k & Trust Co., Brownfield, T e x a s ................ President C h a irm a n , President, V ice President, C a sh ie r Frank J. Kubitza, President Brownfield The First N a tio n a l B a n k o f B row n fie ld ...................................... B row nsville First N a tio n a l B an k at B row n sville.............................................. President B row nsville Pan A m e rican State B a n k ......................................................... C ha irm a n, President, V ice President, C a sh ie r B row nw ood C itizen s N a tio n a l Ban k at B ro w n w o o d ....................................... President B row n w o od First N a tio n a l B an k in B ro w n w o o d ...... ....................................... President, V ice President, C a sh ie r C a ld w e ll The C ald w e ll N a tio n a l B a n k ....................................................... President, V ice President, C a sh ie r C am e ron The C itize n s N a tio n a l B ank o f C a m e ro n ..................................... President, A ctive V ice President, C a sh ie r C a rth a g e The First N a tio n a l B an k o f C a rt h a g e .......................................... C hairm an, President, V ice President, C a sh ie r C h ild re ss The First N a tio n a l B an k in C h ild re ss ............... .......................... Executive V ice President, C a sh ie r C le b u rn e C le b u rn e N a tio n a l B a n k ........................................................... President, V ice President, C a sh ie r C le b u rn e The First N a tio n a l Ban k in C le b u rn e ............... ........................... President, V ice President C o lo ra d o C ity The C ity N a tio n a l B an k o f C o lo ra d o C it y ................................ C h a irm a n , President, V ice President, C a sh ie r C o n ro e C o n ro e N a tio n a l B a n k ................................................................ President, V ice President C o n ro e First N a tio n a l Ban k in C o n ro e ................................................... President C o rp u s Christi First State B ank o f C o rp u s C h risti............................................. C o rp u s Christi The M e rc antile N a tio n a l B ank of C o rp u s C h risti....................... C hairm an, President C o rsica n a The First N a tio n a l B an k o f C o rsic a n a ........................................ C ha irm a n, President, V ice President, C a sh ie r C o rsica n a The State N a tio n a l B an k of C o rsic a n a ...................................... President, V ice President Crockett The First N a tio n a l B an k of Crockett......................................... C ha irm a n, President C ue ro Buchel N a tio n a l B an k in C u e ro ................................................ C ha irm a n, President, V ice President, C a sh ie r D alh art First N a tio n a l B an k in D a lh a rt................................................ President D a lla s Em pire State B an k o f D a lla s ..................................................... President, V ice President, C a sh ie r D a llas Fair Park N a tio n a l B an k o f D alla s ......................................... President, V ice President D a lla s In d ustrial N a tio n a l B an k o f D a lla s .......................................... C ha irm a n, President, V ice President a n d C a sh ie r D a lla s The N a tio n a l B an k of Com m erce o f D a lla s .............................. President, C a sh ie r Del Rio D el Rio N a tio n a l B a n k ............................................................. President D e n iso n The State N a tio n a l B an k o f D e n is o n ....................................... C h a irm a n , President, V ice President, C a sh ie r Denton The Denton C ou n ty N a tio n a l B an k of D e n to n ........................... Executive V ice President, C a sh ie r D um as First N a tio n a l Bank o f D u m a s .................................................. C h a irm a n , President, V ice President D um as First State B a n k ........................................................................ President, V ice President, C a sh ie r E a g le Pass The First N a tio n a l B an k of E a g le P a ss...................................... V ice President a n d C a sh ie r E d in b u rg First N a tio n a l B ank in E d in b u r g ................................................. C h a irm a n , President, V ice President, C a sh ie r D eer Park TEXAS — Continued Location Name of Bank or Trust Company Officers Authorized to Cast Vote First N a tio n a l B a n k o f E d n a ... ................................................ President El C a m p o C om m ercial State B an k o f El C a m p o .......................................... President, V ice President El C a m p o The First N a tio n a l B an k of El C a m p o ........................................ President, C a sh ie r El Paso Southw est N a tio n a l B an k of El P a s o ......................................... President Ennis C itizen s N a tio n a l Ban k in E n n is................................................. C h a irm a n , President, V ic e President, C a sh ie r F lo yd a d a The First N a tio n a l B an k of F lo y d a d a .......................................... President Fred ericksb urg Fred ericksb urg N a tio n a l B a n k ................................................... C a sh ie r C h a irm a n , President, V ice President, C a sh ie r Edna Freeport The Freeport N a tio n a l B a n k ...................................................... G a in e sv ille The G a in e sv ille N a tio n a l B an k in G a in e s v ille .............................. V ice President G a lve ston The First N a tio n a l B a n k of G a lv e sto n ........................................ President G a lve ston The M o o d y N a tio n a l B an k of G a lv e sto n ..................................... V ice President G a lve ston The U nited States N a tio n a l Bank o f G a lv e sto n .......................... C h a irm a n , President, V ice President, C a sh ie r G a rla n d First N a tio n a l B ank in G a r la n d .................................................. President, V ice President, C a sh ie r G ilm e r The First N a tio n a l B a n k o f G ilm e r............................................ C h a irm a n , President, V ice President, C a sh ie r G la d e w a te r The First State B a n k .................................................................. President G o lia d The First N a tio n a l B an k o f G o lia d ..... ...................................... V ice President, C a sh ie r G o n z a le s The C itize n s N a tio n a l B an k o f G o n z a le s ..................................... President, V ice President, C a sh ie r G ra h a m First N a tio n a l B ank in G r a h a m ................................................... C a sh ie r G r a n d Prairie First N a tio n a l B an k in G r a n d P ra irie ........................................ President G re e n v ille The C itizen s N a tio n a l B an k o f G re e n v ille ........ .......................... President, V ice President, C a sh ie r G re e n v ille The G re e n v ille N a tio n a l E xc h a n ge B a n k ................................... Executive V ice President H a rlin g e n The First N a tio n a l B a n k of H a rlin g e n ........................................ President, C a sh ie r H a rlin g e n The H a rlin g e n N a tio n a l B a n k ..................................................... President, V ice President, C a sh ie r H en de rson C itizen s N a tio n a l B ank o f H e n d e rso n ........................................ C a sh ie r H en de rson The First N a tio n a l B a n k o f H e n d e rso n ....................................... V ice President H ereford The First N a tio n a l B an k of H e re fo rd .......................................... C a sh ie r H illsb o ro The C itizen s N a tio n a l B an k o f H illsb o ro .................................... C h a irm a n , President, V ice President, C a sh ie r H ondo The H o n d o N a tio n a l B a n k ......................................................... C a sh ie r President H ouston A m e rica n N a tio n a l B an k of H ou ston .......................................... H ouston East End State B a n k ................ ................................................. President, V ice President H ouston Fidelity B an k a n d Trust C o m p a n y .............................................. President H ouston First State B an k o f G r e e n ’s B a y o u ............................................ President, C a sh ie r H ouston The H a rrisb u rg N a tio n a l B an k of H o u sto n ................................. Vice President, C a sh ie r H ouston H e igh ts State B a n k ................................................................... President, V ice President, C a sh ie r H ouston The In d ustrial State B an k of H ouston, T e x a s.............................. President, V ice President H ouston M a c G re g o r Park N a tio n a l B an k o f H o u sto n ............................... C h a irm a n , President, V ice President, C a sh ie r H ouston M o n tro se N a tio n a l B an k o f H o u sto n .......................................... Executive V ice President H ouston River O a k s State B a n k ........ ..................................................... President, V ice President a n d C a sh ie r H ouston South M a in State Bank. ............................................................. President H ouston U nive rsity State B a n k ................................................................ President, C a sh ie r H untsville First N a tio n a l B an k o f H un tsville.............................................. C h a irm a n , President, V ice President, C a sh ie r C h a irm a n , President, V ice President, C a sh ie r H untsville The H untsville N a tio n a l B a n k ..................................................... Ja ckson ville The First N a tio n a l B an k of Ja c k so n ville ..................................... C h a irm a n , President, V ice President, C a sh ie r Kenedy First-N ichols N a tio n a l Ban k o f K e n e d y ...................................... C h a irm a n , President, V ice President, C a sh ie r K ilg o re C itizen s State B an k & Trust C o m p a n y ........................................ President, V ice President K ilg o re The K ilgo re N a tio n a l B a n k ......................................................... V ice President, C a sh ie r Killeen The First N a tio n a l B an k of K ille e n .............................................. C h a irm a n , President, V ice President, C a sh ie r K in g sville K le b e rg First N a tio n a l B an k o f K in g sv ille ................................... C h a irm a n , President, V ice President, C a sh ie r L a M a rq u e B an k o f the M a i n l a n d ............................................................... C h a irm a n , President, V ice President, C a sh ie r Lam esa The First N a tio n a l B an k o f Lam e sa............................................ C hairm an, President, V ice President, C a sh ie r Lam esa The Lam esa N a tio n a l B a n k ....................................................... C hairm an, President, V ice President, C a sh ie r Laredo The Lare d o N a tio n a l B a n k ......................................................... President, V ic e President Laredo U nion N a tio n a l B an k o f L a re d o ................................................. C a sh ie r Levelland The First N a tio n a l B a n k of L e v e lla n d ........................................ President, V ice President, C a sh ie r Levelland Levelland State B a n k .... ............................................................. C h a irm a n , President C h a irm a n , President, V ice President Liberty The First-Liberty N a tio n a l B a n k ................................................. Littlefield Security State B ank ................................................................. Lockhart First-Lockhart N a tio n a l B a n k ..................................................... President TEXAS — Continued Location Officers A uthorized to Cast Vote N a m e of Bank or Trust C om pa ny Lockrtey First N a tio n a l Ban k in L o c k n e y .............................. ..... Lubbock A m e rica n State B a n k .................................................. Lubbock The Plains N a tio n a l B an k of Lub b ock .......................... President, V ice President, C a sh ie r Lufkin The First State B a n k & Trust C o m p a n y of Lufkin, Texas H. J. S h a n d s, Executive V ic e President Lufkin The Lufkin N a tio n a l B a n k .............................................. V ice President M a rlin First State B an k o f M a r lin ............................................ P. J. W in d so r, Vice President M a rsh a ll The First N a tio n a l Ban k of M a r s h a ll.............................. President, C a sh ie r M a rsh a ll The M a rsh a ll N a tio n a l B an k ........................................ President, C a sh ie r M c A lle n First N a tio n a l B an k of M c A l l e n .................................... C h a irm a n , President, V ice President, C a sh ie r M c A lle n M c A lle n State B a n k ................................... ................... M c G re g o r The First N a tio n a l B an k o f M c G r e g o r ............................ M c K in n e y The C o llin C ou n ty N a tio n a l B an k o f M c K in n e y ............... V ice President, C a sh ie r M e m p h is The First N a tio n a l B a n k of M e m p h is .............................. President, V ice President President, V ice President, C a sh ie r President, V ice President, C a sh ie r M e x ia First N a tio n a l B ank o f M e x ia ........................................ M in e ra l W e lls The First N a tio n a l Ban k in M in e ra l W e lls ...................... President, First V ice President, C a sh ie r M is s io n First N a tio n a l Bank o f M is s io n ...................................... C h a irm a n , President, V ice President, C a sh ie r M onahans First N a tio n a l B an k o f M o n a h a n s ................................ Executive V ice President, V ice President M onahans First State B a n k ............................................................ M o rton First State B a n k ............................................................ C h a irm a n ; W . W . W illia m so n , President M o u n t Pleasant The First N a tio n a l B ank in M o u n t P le asan t..................... President, Vice President M u le sh o e First N a tio n a l B an k of M u le s h o e ................................... Nacogdoches C om m ercial N a tio n a l B an k in N a c o g d o c h e s .................. President N acogdoches The Stone Fort N a tio n a l B an k of N a c o g d o c h e s ......... C ha irm a n, President, V ice President, C a sh ie r N e w Boston The First N a tio n a l B ank of N e w B oston ........................ V ice President N e w Braunfels The First N a tio n a l B an k of N e w B ra u n fe ls.................... President N ocona The Farm ers a n d M e rc h an ts N a tio n a l Ban k of N o c o n a ... President, C a sh ie r O d e s sa First State B a n k .......................................................... President, Executive V ice President O ln e y The First N a tio n a l B an k of O ln e y ................................. President, V ice President, C a sh ie r O ran ge First N a tio n a l B an k in O r a n g e ..................................... C ha irm a n, President, V ice President, C a sh ie r O ran ge The O r a n g e N a tio n a l B a n k ............................................ President, V ice President, C a sh ie r P aducah The First N a tio n a l B a n k ..... .......................................... President Palestine The East T exas N a tio n a l Ban k of P a le s t in e ...................... President, V ice President Palestine The Royall N a tio n a l B an k o f P a le st in e ......................... President, V ice President, C a sh ie r Pam pa First N a tio n a l Bank in P a m p a ....................................... President P an han d le The First N a tio n a l B an k o f P an h a n d le ........................ V ice President a n d C a sh ie r Paris The First N a tio n a l B ank of P a ris..................................... President Paris The Liberty N a tio n a l B an k in Paris ....................... ...... C h a irm a n , President, V ice President, C a sh ie r P asad e n a First N a tio n a l Bank of P a s a d e n a .................................. President, Executive V ice President, V ice President Pecos The First N a tio n a l B ank of Pecos................... .............. Executive V ice President Pecos The Security State Ban k of Pecos, T e x a s........................ President, V ice President, C a sh ie r Perryton The First N a tio n a l B an k of Perryto n .................. ......... President Plainview The C ity N a tio n a l B an k o f P la in v ie w ............ ................. C ha irm a n, President, V ice President, C a sh ie r a n d C a sh ie r Port A rth ur S a b in e N a tio n a l B an k of Port A rt h u r ............................ Port N ech es The First N a tio n a l B ank of Port N e c h e s ........................ C ha irm a n, President, C a sh ie r Post The First N a tio n a l B an k o f Post ................................... V ice President, C a sh ie r Q u itm an The First N a tio n a l Bank of Q u itm a n .............................. President Rankin The First State Bank of R a n k in .................................... President, Vice President, C a sh ie r R aym on dville The First N a tio n a l B ank of R a y m o n d v ille ..................... President R e fu gio The First N a tio n a l B an k o f R e fu gio . ............................. C a sh ie r Robstow n The State N a tio n a l B an k of R o b s to w n ....................... . C hairm an Rockport The First N a tio n a l B an k o f R ockport.............................. A. C. G la ss, Vice President S a n A n g e lo The Central N a tio n a l B a n k o f S a n A n g e l o ................... President, V ice President, C a sh ie r S a n A n g e lo The First N a tio n a l B an k o f S a n A n g e lo ........................ President S a n A n g e lo S a n A n g e lo N a tio n a l B ank o f S a n A n g e lo ................... President, C a sh ie r S a n A n to n io B ro a d w a y N a tio n a l B ank o f A la m o H e igh ts .............. C ha irm a n, President, V ice President, C a sh ie r C ha irm a n, President, V ice President, C a sh ie r S a n A n to n io First N a tio n a l Bank o f S a n A n to n io ............................. S a n A n to n io K e lly Field N a tio n a l B ank of S a n A n t o n io .................... President, V ic e President S a n A n to n io The N a tio n a l B an k of Fort Sam H ouston at S a n A n to n io C hairm an, President, Vice President, C a sh ie r S a n Benito The S a n Benito B an k & Trust C o m p a n y ........................ Executive Vice President S a n M arco s The First N a tio n a l Bank o f S a n M a r c o s ....................... TEXAS — Continued Location Officers Authorize d to C ast V o le N a m e o f B a n k or Trust C om pa ny C h a irm a n , President, C a sh ie r S e g u in The First N a tio n a l B a n k o f S e g u in .............................................. S e g u in S e g u in State B an k & Trust C o .................................................. President, V ic e President S e ym o u r The Farm ers N a tio n a l Ban k of S e y m o u r..................................... V ic e President Snyder S n y d e r N a tio n a l B a n k ................................................................ C h a irm a n , President, Executive V ice President, Snyder W e st T exas State B a n k .................................. ........................... V ice President S o n o ra The First N a tio n a l B an k o f S o n o r a .............................................. President, V ice President, C a sh ie r Stam ford The First N a tio n a l B an k in S ta m fo rd .......................................... President, C a sh ie r Ste p he nville Farm ers-First N a tio n a l B an k of Ste p h e n v ille .............................. President, C a sh ie r President, V ice President V ice President S te rlin g C ity The First N a tio n a l B an k o f S te rlin g C ity ..................................... S u lp h u r S p rin g s The C ity N a tio n a l B a n k o f S u lp h u r S p r in g s ............................... President, V ic e President, C a sh ie r S u lp h u r S p rin g s S u lp h u r President, C a sh ie r S p rin g s State B a n k ..................................................... Sw eetw ater N a tio n a l B an k o f Sw eetw ater..................................................... President, V ice President T a h o ka The First N a tio n a l B an k o f T a h o k a ............................................ C h a irm a n , President, V ice President, C a sh ie r T a ylo r The C ity N a tio n a l B an k o f T a y lo r................................................ President, V ic e President, C a sh ie r T a ylo r First-Taylor N a tio n a l B an k ........................................................ President Teague First N a tio n a l B an k o f T e a g u e ................................................... President Tem ple Tem ple N a tio n a l B a n k ............................................................... C h a irm a n , V ic e C h a irm a n , President, Terrell The A m e rica n N a tio n a l B a n k o f Terrell..................................... C ha irm a n, President, V ice President, C a sh ie r President V ice President, C a sh ie r T exas C ity The T e xa s C ity N a tio n a l B a n k ................................................... Tom bal! G u a ra n t y B on d State B a n k ........................................................ President Tulia The First N a tio n a l B an k o f T u lia ............................................... C a sh ie r U v a ld e First State Bank, o f U vald e, T e x a s............................................. President V e rno n The H e rrin g N a tio n a l B ank o f V e rn o n ......................................... President, V ice President, C a sh ie r V e rno n The W a g g o n e r N a tio n a l B a n k o f V e r n o n ................................... President, V ic e President W aco The N a tio n a l C ity B a n k o f W a c o .............................................. C ha irm a n, President, V ice President, C a sh ie r W a x a h a c h ie C itize n s N a tio n a l B a n k in W a x a h a c h ie ...................................... Executive V ice President W e a th e rfo rd The C itize n s N a tio n a l B a n k o f W e a th e r fo rd .............................. President W e a th e rfo rd The First N a tio n a l B a n k o f W e a th e rfo rd ..................................... C a sh ie r President W e a th e rfo rd The M e rc h a n ts a n d Farm ers State B a n k o f W e a th e rfo rd .......... W h a rto n Security B a n k a n d Trust C o m p a n y .............................................. C h a irm a n , President, V ice President, C a sh ie r W h a rto n W h a rto n B a n k & Trust C o m p a n y ................................................ C ha irm a n, President, V ic e President, C a sh ie r Directors of the Federal Reserve Bank of Dallas Occupation Nam e Elected b y banks in Group C lass Term expires Dec. 31 Sam D. Y o u n g ...................... President, El Paso National Bank, El Paso, Texas i A 1957 John M. G riffith .................. President, The City National Bank of Taylor, Taylor, Texas 2 A 1959 J. Edd McLaughlin President, Security State Bank & Trust Company, Ralls, Texas 3 A 1958 J. B. T h o m a s ...................... President and General M anager and Director, Texas Electric Service Company, Fort Worth, Texas 1 B 1958 D. A. H u l c y ...................... Chairman of the Board, Lone Star G as Company, Dallas, Texas 2 B 1957 John R. A l f o r d .................. Industrialist and Farmer, Henderson, Texas 3 B 1959 C 1957 C 1959 C 1958 . . . . Robert J. S m i t h .................. Chairman Hal B o g l e .......................... Deputy Chairman Vacancy Dallas, Texas Rancher and Feeder, Dexter, New Mexico Appointed by the Board of Governors of the Federal Reserve System 11 1*
@FedFRASER