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F ederal r eser ve Bank o f D allas DALLAS, TEXA S 75222 C ircular No. 79-144 A ugust 21, 1979 ELECTION OF DIRECTORS NOMINATION PROCEDURES To All Member Banks in the Eleventh Federal Reserve District: An election w ill be held under the provisions o f Section 4 of the Federal Reserve Act, as amended by the Federal Reserve Reform A ct o f 1977, to choose successors to the fo llo w in g d irectors of th is Bank, whose term s expire December 31, 1979: C lass A D irector — Gene D. Adam s President The F irst N ational Bank o f Seymour Seymour, Texas Class B D irector — Stewart Orton C hairm an of the Board and C hief Executive O fficer F oley’s, Division of Federated Departm ent Stores H ouston, Texas Mr. Adam s, the C lass A Director, was elected by banks in Group 3, co nsisting of banks having capital and surplus of $1,000,000 and under, and his successor w ill be chosen by the banks in th is group. Mr. Adam s, who has served as a director of th is Bank since 1974, has requested th a t his name not be placed in nom ination fo r reelection. This request is in accordance w ith the current p olicy approved by the Board o f D irectors of th is Bank favoring rotation of d irectors after serving tw o consecutive three-year terms. Mr. Orton, the Class B D irector, was elected by banks in Group 1, co nsisting o f banks having capital and surplus o f $4,000,000 and over, and his successor w ill be chosen by the banks in th is group. Mr. Orton, who has served as a director o f th is Bank since 1974, has requested th a t his name not be placed in nom ina tion fo r reelection. This request, likewise, is in accordance w ith the current policy approved by the Board of D irectors of th is Bank favoring rota tion o f directors after serving tw o consecutive three-year term s. The banks com prising Groups 1 and 3 are listed on the fo llo w in g pages. The group in w hich a member bank w ill be entitled to vote w ill be determ ined by its c la s s ific a tio n as of the date o f th is letter, even though its capital and surplus may subsequently change prior to the date of the election. Except in the case of any member banks th a t are subsidiaries of the same bank holding com pany,* each bank in Group 1 is perm itted to nom inate one candidate for C lass B D irector and each bank in Group 3 is perm itted to nom inate one candidate fo r Class A Director. When several banks are subsidiaries of a bank holding com pany, the nom ination form is being sent only to the bank designated to p articip a te in th is election; therefore, banks in G roups 1 and 3 th a t w ill not p articip a te in th is election are being sent th is circular, w ith o u t form s, fo r th e ir inform ation. The nominations must be made by resolution of the Board of Directors, certified to me and received in my office on or before September 21,1979. A form and return ’ Section 4 of the Federal Reserve Act, as amended, reads in part as follows: “ ...That whenever any member banks within the same Federal Reserve district are subsidiaries of the same bank holding company within the meaning of the Bank Holding Company Act of 1956, participation in any such nomination or election by such member banks, including such bank holding company if it is also a member bank, shall be confined to one of such banks, which may be designated for the purpose by such holding company.” In this connection, the Board of Governors of the Federal Reserve System has ruled that a holding company affiliate, having one or more subsidiary banks in each of the three groups into which member banks of a Federal Reserve district are divided for the purpose of electing directors, may designate one such bank in each group to participate in the nomination and election of each Class A Director and each Class B Director chosen by the group of which such bank is a member, and such member bank so designated may validly participate in such nomination and election. Accordingly, banks in Groups 1 and 3 affected by the foregoing provision of law are requested to take prompt action to have the ap propriate bank holding company designate, if it has not already designated, one of such banks to participate in this election. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) envelope fo r th is purpose are enclosed. On O ctober 3, 1979, a lis t o f the candidates (indicating by whom nom inated) and a preferential b allot w ill be m ailed to each bank in the voting groups. The b allot m ust be cast w ith in 15 days a fte r receipt. The polls w ill open at 9 a.m. on O ctober 10,1979, and close at 2 p.m. on O ctober 25,1979. A t th a t tim e, the b allot box w ill be opened at th is Bank, the votes counted, and the results o f the e lection announced. The candidates are invited to be present or represented on th a t occasion. In order to be counted, the ballot must be executed by an officer authorized to cast the vote. O fficers so authorized are listed on the fo llo w in g pages. Inasm uch as the a uth ority conferred on these o ffic e rs con tinues u ntil revoked, they need not be redesignated. Each member bank w hich has not designated an o f ficer, or o fficers, fo r the purpose o f signing the ballot, or any bank th a t desires to change its designation, should do so by resolution o f its Board o f D irectors and c e rtify the designation to me before the polls close. A form fo r th is purpose w ill be furnished upon request. If the official signature of the officer, or of ficers, authorized to cast the ballot has not been filed with this Federal Reserve Bank, such official signature should be filed before the polls close. While the banks in Group 2 will not vote in this election, this circular is sent to them, without forms, for their information. Group 2 co n sists o f member banks w ith com bined ca pita l and surplus o f over $1,000,000, but under $4,000,000. Sincerely yours, Enclosures (2) Information Concerning Eligibility for Class B Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act, as amended by the Federal Reserve Reform A ct o f 1977, con ta in s the fo llo w in g provisions: “ C lass B shall co n sist o f three members, who shall represent the public and shall be elected w ith o u t d iscrim in a tio n on the basis of race, creed, color, sex, or national origin, and w ith due but not exclusive consideration to the interests o f agriculture, com m erce, industry, services, labor, and consum ers.” “ No d ire cto r o f Class B shall be an o ffice r, director, or em ployee o f any bank.” “ No Senator or Representative in Congress shall be a member of the Board o f Governors o f the Federal Reserve System or an o ffic e r or a d ire cto r o f a Federal Reserve Bank.” The Board o f Governors o f the Federal Reserve System has expressed the opinion “ ...that, to be con siste n t w ith the s p irit and underlying princip les o f the Federal Reserve A ct, it is inappropriate, as a general rule, fo r o ffice rs and d irectors of Federal Reserve Banks and Branches to hold partisan p o litic a l or p ublic o ffice in the service o f the United States, or o f any state, te rrito ry, county, d is tric t, p o litic a l subdivision, or m u n icip a lity thereof, or to act as m embers o f p o litic a l party co m m itte es.” GROUP 1 C onsists of all m em ber banks having cap ital and surplus of $4,000,000 and over. Banks in this group elect one Class B Director. LOUISIANA Location Bossier City Minden Monroe Monroe Shreveport Shreveport West Monroe Officers Authorized to Cast Vote Name of Bank or Trust Company The National Bank of Bossier C i t y ........................................ President Minden Bank and Trust Company ........................................ President Central B ank................................................................................ President, Vice President, The Ouachita National Bank in Monroe............................... President, Vice President, Commercial National Bank in Shreveport........................... Chairman, President, Vice The First National Bank of Shreveport................................. Chairman, President, Vice First National Bank of West M o n ro e .................................... President, Vice President, Cashier Cashier President, Cashier President, Cashier Cashier NEW MEXICO Location Carlsbad Hobbs Las Cruces Roswell Officers Authorized to Cast Vote Name of Bank or Trust Company President, Vice President, Cashier President President, Vice President, Cashier President The Carlsbad National B ank................................................... First National Bank of Lea C o u n ty........................................ First National Bank of Dona Ana County............................. Security National Bank of Roswell........................................ TEXAS Location Abilene Abilene Abilene Abilene Amarillo Amarillo Amarillo Austin Austin Austin Austin Bay City Baytown Beaumont Beaumont Bellaire Brenham Officers Authorized to Cast Vote Name of Bank or Trust Company Abilene National Bank............................................................ The Citizens National Bank in A bilene............................... First National Bank of A b ile n e ............................................. The First State Bank .............................................................. Amarillo National B a n k .......................................................... The American National Bank of Amarillo ......................... The First National Bank of Am arillo.................................... The American National Bank of A u s tin ............................. The Austin National B a n k ...................................................... The Capital National Bank in Austin ................................. City National Bank of A ustin................................................. The First National Bank of Bay C it y .................................... Citizens Bank and Trust Company of Baytown, Texa s.. The American National Bank of Beaumont...................... First Security Bank of Beaumont, N.A................................. . . . . . . . . . . . . President, Vice President, Cashier President, Vice President, Cashier Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier President, Executive Vice President President, Cashier Chairman, President, Vice President President, Vice President Chairman, Vice President, Cashier President Chairman, President, Vice President, Cashier . Chairman, President, Vice President, Cashier . President, Senior Vice President, Vice President, Cashier First State Bank of Bellaire................................................... . President, Executive Vice President The First National Bank of Brenham ................................. . Chairman, President, Vice President, Cashier 3 GROUP 1 — Continued TEXAS — Continued Location Brownsville Brownsville Corpus Christi Corpus Christi Dallas Dallas Dallas Dallas Dallas Dallas El Paso El Paso El Paso Fort Worth Fort Worth Fort Worth Fort Worth Fort Worth Galveston Galveston Garland Harlingen Henderson Houston Houston Houston Houston Houston Houston Houston Houston Laredo Longview Lubbock Lubbock Lubbock Lubbock Midland Midland Odessa Port Arthur San Antonio San Antonio San Antonio San Antonio San Antonio San Antonio San Antonio Texarkana Tyler Tyler Tyler Victoria Victoria Waco Waco Wichita Falls Wichita Falls Name ol Bank or Trust Company Officers Authorized to Cast Vote First National Bank at Brownsville.................................... .. President Pan American B a n k .............................................................. .. Chairman, President, Vice President, Cashier Corpus Christi Bank and T r u s t ............................................ .. President Corpus Christi National Bank................................................. Chairman, President, Vice President, Cashier Citizens National Bank of D a lla s .......................................... Chairman, President, Vice President, Cashier First City Bank of D a lla s ......................................................... President First National Bank in Dallas ............................................. .. Chairman, President, Vice President, Cashier Chairman, Vice Chairman, President, Mercantile National Bank at D a lla s................................. Vice President, Cashier The National Bank of Commerce of D a lla s........................ President, Cashier Republic National Bank of Dallas...................................... .. Chairman, President, Vice President, Cashier El Paso National B ank.............................................................. Chairman, President, Vice President First City National Bank of El P a s o ..................................... President The State National Bank of El P a s o ..................................... President City National B ank..................................................................... President, Vice President, Cashier Chairman, President, Executive Vice President, Continental National Bank of Fort W o rth ........................ Cashier The First National Bank of Fort W orth................................. Chairman, President, Vice President, Cashier Fort Worth Bank and T r u s t ................................................... .. Cashier The Fort Worth National Bank ............................................ .. President, Vice President, Cashier First Hutchings— Sealy National Bank of Galveston . .. . Chairman, President, Vice President, Cashier United States National Bank of G a lve sto n .................... .. Chairman, President, Vice President, Cashier First National Bank in G arland............................................ .. President The First National Bank of Harlingen................................. .. President, Cashier Citizens National Bank of H en d erso n................................. Cashier Bank of the Southwest National A ssociation.................... Chairman, President, Vice President Capital National B a n k .............................................................. President, Vice President, Cashier First City National Bank of Houston ................................. .. Chairman, President, Vice President, Cashier First International Bank in Houston, N.A......................... ... Chairman, Executive Vice President Houston National B ank........................................................ .. Chairman, President, Vice President, Cashier Lockwood National Bank of Houston ................................. President Southern National Bank of Houston ................................. .. President, Vice President Texas Commerce Bank National A ssociation............... .. Chairman, President, Vice President, Cashier The Laredo National Bank..................................................... .. President, Vice President The First National Bank of Longview............................... .. President, Vice President First National Bank at L u b b o c k ........................................ ... President, Vice President, Cashier Chairman, President, Executive Vice The Lubbock National B a n k ............................................... President, Senior Vice President, Vice President, Cashier The Plains National Bank of L u b b o c k ................................. President, Executive Vice President Texas Commerce Bank National A sso ciatio n ............... .. President Chairman, President, Executive Vice President, The First National Bank of M idland................................... Cashier The Midland National Bank..................................................... President The First National Bank of Odessa ................................. .. Chairman, President The First National Bank of Port Arthur ........................... .. President, Vice President, Cashier The Alamo National B a n k ................................................... .. President, Chairman Executive Committee Bexar County National Bank of San A n to n io ................ .. President, Vice President, Cashier Broadway National Bank...................................................... .. Chairman, President, Vice President, Cashier The Frost National Bank of San A ntonio............................. President, Vice President, Cashier Main Bankand T r u s t .............................................................. .. President, Vice President National Bank of Commerce of San Antonio ................. .. President, Vice President The National Bank of Fort Sam H ouston.......................... .. Chairman, President, Vice President, Cashier The Texarkana National Bank............................................. .. Cashier Citizens First National Bank of T y le r ............................... .. Chairman, President, Vice President, Cashier The Peoples National Bank of T y le r................................. .. President, Vice President Tyler Bank and Trust Com pany............................................ .. President, Vice President, Cashier First Victoria National B a n k ............................................... .. Chairman, President, Vice President, Cashier Victoria Bank and Trust C o m p a n y.................................... .. President The Citizens National Bank of W a c o ............................... . . Chairman, President The First National Bank of W a c o ...................................... .. President City National Bank in Wichita F a lls ................................. .. President, Vice President The First-Wichita National Bank of Wichita Falls .. .. .. Chairman, President, Vice President 4 Information Concerning Eligibility for Class A Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act, as amended by the Federal Reserve Reform A c t of 1977, con ta in s the fo llo w in g provisions: “ C lass A shall co n s is t of three members, w ith o u t d is c rim in a tio n on the basis o f race, creed, color, sex, or national origin, w ho shall be chosen by and be representative of the sto ckho lding banks.” “ No o ffic e r or d irector o f a member bank shall be e lig ib le to serve as a Class A d i rector unless nom inated and elected by banks w hich are m em bers of the same group as the member bank o f w hich he is an o ffic e r or d ire cto r.” “ Any person who is an o ffic e r or d ire cto r o f more than one member bank shall not be e lig ib le for nom ination as a C lass A d ire cto r except by banks in the same group as the bank having the largest aggregate resources o f any of those of w hich such person is an o ffic e r or d ire cto r.” “ No Senator or R epresentative in Congress shall be a member o f the Board o f Governors of the Federal Reserve System or an o ffic e r or a director o f a Federal Reserve Bank.” The Board of Governors o f the Federal Reserve System has expressed the opinion “ ...that, to be con siste nt w ith the sp irit and underlying p rinciples o f the Federal Reserve Act, it is inappropriate, as a general rule, fo r o ffice rs and directors of Federal Reserve Banks and Branches to hold partisan p o litica l or public o ffice in the service o f the United States, or of any state, territory, county, d is tric t, p o litic a l subdivision, or m u n icip a lity thereof, or to act as members of p o litic a l party co m m itte es.” GROUP 3 C o n s is ts o f all m em ber banks having ca p ita l and surplus of $1,000,000 and under. Banks in this group elect one Class A Director. LOUISIANA Location Arcadia Delhi Homer Lake Providence Oak Grove Rayville Name of Bank or Trust Company Officers Authorized to Cast Vote First National Bank in A rc a d ia ............................................... President The First National Bank of Delhi............................................. President, Executive Vice President, Vice Presi dent, Cashier The Homer National B ank........................................................ Chairman, President, Vice President, Cashier The First National Bank of Lake Providence...................... President West Carroll National Bank of Oak G ro v e ........................... President First National Bank of R ayville............................................... President NEW MEXICO Location Clovis Las Cruces Logan Lordsburg Portales Portales Socorro Truth or Consequences Nam e of Bank or Trust Company Officers Authorized to Cast Vote First National Bank of Clovis ................................................. President Bank of Las Cruces, National A sso cia tio n ........................ Chairman McFarland Brothers B a nk........................................................ Robert B. McFarland, President; E. O. McFarland, Vice President; O. O. Osborn, Jr., Cashier The First National Bank of Lord sbu rg................................. President, Cashier The First National Bank of Portales...................................... President, Vice President, Cashier The Portales National Bank ................................................... President, Cashier First National Bank of Socorro............................................... First Sierra National Bank........................................................ Chairman, President, Vice President, Cashier O KLAHO M A Location Antlers Boswell Caddo Coalgate Colbert Hugo Hugo Idabel Name of Bank or Trust Company First National Bank at Antlers ............................................... Boswell State B a n k ................................................................... Bryan County National Bank................................................... First National Bank in Coalgate............................................. The First National Bank of Colbert........................................ The Citizens State Bank............................................................ Security First National Bank of Hugo ................................. The Idabel National B a n k ........................................................ 5 Officers Authorized to Cast Vote President, President, Chairman, Chairman, President Chairman, Cashier Chairman, Executive Vice President, Cashier Vice President, Cashier President, Vice President President, Vice President, Cashier President, Vice President President, Vice President, Cashier GROUP 3 — Continued TEXAS Location Officers Authorized to Cast Vote Name of Bank or Trust Company Alamo Heights Albany Alpine Alvin Alvord Amherst Anahuac Anderson Andrews Anna Anson Arlington Arlington Aspermont Athens Alamo Heights National Bank ...................................... The First National Bank of A lb a n y............................... First National Bank in A lp in e ........................................ First National Bank of Alvin ........................................... Alvord National Bank........................................................ The First National Bank of Am herst............................. Anahuac National Bank................................................... The First National Bank of Anderson........................... First National Bank of A n d re w s.................................... The First National Bank of Anna ................................. The First National Bank of Anson ............................... Arlington National B a n k ................................................. The Metroplex National Bank in Arlington ................ The First National Bank of Aspermont ...................... The First National Bank of A th e n s............................... .... .... .... .... ___ .... .... .... .... ___ ___ .... ___ .... Atlanta Austin Austin Austin Austin Austin Baird Ballinger Bandera Bandera Bastrop Baytown Beaumont Beaumont Beeville Bellaire Bellaire Bells Belton Belton Blanco Bogata Bonham Bowie Bowie Brackettville Brady Brady Breckenridge Brenham Bridgeport Bronte Brownfield Brownsville Brownsville Brownwood Burkburnett Byers Caddo Mills Caldwell Cameron Canadian Canton Carrizo Springs Celeste Center Childress The First National Bank of Atlanta............................... Chase National Bank........................................................ Community National B a n k ............................................. National Bank of T e x a s ................................................... Republic National Bank of Austin ............................... Western National B a n k ................................................... The First National Bank of Baird ................................. The First National Bank of B a llin g e r........................... The First National Bank of Bandera............................. First State B a n k ................................................................. The First National Bank of B a stro p ............................. Texas National Bank of Baytow n................................. Citizens National Bank of Beaumont........................... Gateway National Bank of Beaum ont........................ The First National Bank of B e e ville ............................. First City Bank— Bellaire, N.A......................................... First National Bank of Bellaire...................................... The First National Bank of B e lls.................................... The First National Bank in Belton ............................... The Peoples National Bank of Belton ........................ The Blanco National Bank............................................... First National Bank in Bogata........................................ The First National Bank of Bonham............................. Bowie National B a n k ........................................................ The First National Bank of Bow ie................................. The First State Bank ........................................................ The Brady National Bank................................................. The Commercial National Bank of Brady .................. First National Bank in Breckenridge........................... The Brenham National B ank.......................................... The First National Bank of Bridgeport........................ First National Bank in B ro n te ........................................ The First National Bank of Brownfield........................ Brownsville National B a n k ............................................. National Bank of Commerce of Brow nsville............. Citizens National Bank at Brownwood ...................... First National Bank in Burkburnett ............................. The First National Bank of B y e rs ................................. The State National Bank of Caddo M ills .................... Caldwell National Bank................................................... First National Bank in Cam eron.................................... The First National Bank of Canadian........................... The First National Bank of C anton............................... First National Bank of Dimmit C o u n ty........................ The First National Bank of Celeste ............................. First National Bank in C e n te r........................................ The First National Bank in C h ild ress........................... ___ .... .... .... .... ___ .... .... .... .... .... ___ ___ .... .... .... .... ___ .... ___ .... .... ___ ___ .... .... .... ___ .... .... .... ___ .... .... .... .... ___ ___ .... .... ___ .... .... .... .... .... .... 6 President Chairman, President, Vice President President President, Executive Vice President President, Vice President, Cashier President President Chairman, President, Vice President, Cashier President President, Cashier President, Vice President, Cashier President President President, Vice President, Cashier President, Senior Vice President, Vice Presi dent, Cashier President, Vice President President 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 President Cashier Chairman, President, Vice President, Cashier Craig S. Wooten, Executive Vice President Chairman, President, Vice President, Cashier President, Vice President Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier President, Vice President, Cashier President, Vice President, Cashier President, Vice President President, Vice President President, Vice President, Cashier President Cashier Vice President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier Raymond E. Barr, President President President President President President President, Vice President, Cashier President, 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, Cashier GROUP 3 — Continued TEXAS — Continued Location Chillicothe Cisco Clarendon Officers Authorized to Cast Vote Name of Bank or Trust Company Clarksville Clarksville Claude Cleburne Clute Coleman Colleyville Colorado City Commerce Cooper Copperas Cove Corpus Christi Corsicana Cotulla Crockett Crosbyton Crowell Cushing Daingerfield Dalhart Dallas Dallas Dallas Darrouzett Dawson Decatur Del Rio Denton Deport Dublin Dumas Eagle Lake Eagle Pass Eastland Edgewood Edinburg Edinburg El Campo El Paso El Paso El Paso El Paso El Paso Eldorado Emory Evant Fabens Fairfield Falfurrias Falls City Farmersville Ferris Floresville The First National Bank of Chillicothe......................... First National Bank in C is c o .......................................... The Farmers State Bank and Trust Company of Clarendon.............................................................. First National Bank in Clarksville................................. Red River National Bank in Clarksville......................... The First National Bank of C la u d e ............................... The First National Bank in Cleburne ........................... Chemical National B a n k ................................................. First Coleman National B a n k ........................................ First Security Bank of Colleyville, N.A.......................... The City National Bank of Colorado C it y .................... The First National Bank of Commerce........................ The First National Bank in C o o p e r............................... First National B a n k .......................................................... Nueces National Bank...................................................... Corsicana National Bank ............................................... Stockmens National Bank in C o tu lla ........................... Allied First National Bank of C rockett........................ Citizens National Bank of Crosbyton........................... Crowell State Bank............................................................ The First National Bank of C u sh in g ............................. The National Bank of Daingerfield............................... First National Bank in Dalhart ...................................... Love Field National Bank ............................................... Pan American National Bank of D a lla s ...................... Texas Commerce Bank — Casa Linda, N.A................ The First National Bank of Darrouzett......................... First Bank and Trust Com pany...................................... The First National Bank in D e c a tu r............................. Del Rio National B a n k ..................................................... Citizens National B a n k ................................................... The First National Bank of D e p o rt............................... The Dublin National B a n k ............................................... First National Bank of Dumas........................................ The First National Bank of Eagle Lake......................... The First National Bank of Eagle Pass ...................... Eastland National Bank................................................... The First National Bank of Edgew ood........................ First National Bank in Edinburg.................................... National Bank of Commerce.......................................... The First National Bank of El Cam po........................... Chamizal National B a n k ................................................. First International Bank in El Paso, N.A....................... Franklin National B a n k ................................................... Montwood National B a n k ............................................... Northgate National Bank of El Paso ........................... The First National Bank of Eld o ra d o ........................... The First National Bank of Emory ............................... The First National Bank of E v a n t................................. The First National Bank of Fabens............................... First National B a n k .......................................................... The First National Bank in Falfurrias........................... The Falls City National Bank ........................................ First National Bank at Farm ersville............................. Farmers and Merchants State Bank............................. First City National Bank of Floresville........................ .... .... .... .... .... .... .... .... ___ .... .... .... .... .... .... .... . ... .... ___ .... .... .... .... ___ .... Floydada Follett Forney Fort Bend County Fort Stockton The First National Bank of Floydada........................... The Follett National B a n k ............................................... The Farmers National Bank of Fo rne y........................ Sugar Creek National Bank............................................ First National Bank of Fort Stockton........................... .... .... .... .... .... 7 .... ___ President Chairman, President, Vice President .... .... ___ ___ .... .... .... .... .... ___ .... President President Ben Black, President Chairman, President, Vice President, Cashier President, Vice President President, Executive Vice President, Cashier Cashier President Chairman, President, Vice President, Cashier Cashier Vice President . . . . President . . . . President, Vice President, ___ Chairman, President, Vice . . . . Chairman, President . . .. President, Vice President . . . . Chairman, President, Vice . . . . President ___ President . . . . President . . . . Chairman, President, Vice ___ President . . . . President . . . . President, Cashier ___ Chairman, President, Vice . . . . Chairman, President, Vice . . . . President Cashier President President, Cashier President, Cashier President President, Cashier Cashier President Chairman, President, Vice President President Cashier Chairman, President, Vice President, Chairman, President, Vice President, Chairman, President, Vice President, Chairman, President President, Cashier Chairman, President, Vice President, Chairman President President President President, Vice President, Cashier Vice President, Cashier President, Vice President President Chairman, President, Vice President, President Chairman, President, Vice President, Chairman, President, Vice President, President, Vice President Chairman, President, Vice President, Vice President, Cashier President Vice President, Cashier Vice President Chairman, President Chairman, President, Cashier Cashier Cashier Cashier Cashier Cashier Cashier Cashier Honorary GROUP 3 — Continued TEXAS — Continued Location Name of Bank or Trust Company Officers Authorized to Cast Vote Fort Worth Fort Worth Franklin Galveston Garland Gatesville George West Georgetown Giddings Gilmer Glen Rose Goliad Gonzales Gordon Gorman Graford Graham Graham Everman National Bank of Fort W o rth ................................. Meadowbrook National B a n k ................................................. The First National Bank of Franklin...................................... Bank of Galveston, National A sso ciatio n ........................... American National Bank of Garland ................................... The National Bank of G atesville............................................ First National Bank in George W est...................................... The First National Bank of Georgetown ............................. The First National Bank of G id d in g s ................................... The First National Bank of G ilm e r........................................ The First National Bank in Glen R o s e ................................. The First National Bank of Goliad ........................................ The First National Bank of G o nza les................................... The First National Bank of Gordon........................................ The First National Bank of G orm a n...................................... First National Bank, Graford................................................... First National Bank in Graham ............................................... The Graham National Bank..................................................... Granbury Grand Prairie Grand Saline Granger Granger Grapevine Groom Hale Center Hallettsville Hamilton Hamilton Hamlin Harlingen Haskell Hebbronville Henrietta Hico Higgins Hillsboro Hillsboro Holland Hondo Houston Houston Houston Houston Houston Houston Houston Hughes Springs Humble Humble Ingleside Iowa Park Irving Itasca Jacksboro Jacksboro Jasper Jefferson Joshua Junction Junction Karnes City The First National Bank of G ranb u ry................................... National Bank of Grand Prairie............................................... First National Bank of Grand Saline ................................... The First State Bank ................................................................ The Granger National Bank..................................................... First National Bank of Grapevine.......................................... The State National Bank of Groom ........................................ The First National Bank of Hale Center............................... First National Bank of Hallettsville ...................................... First National Bank of Hamilton............................................ The Hamilton National Bank................................................... The Farmers & Merchants National Bank of Hamlin . . . Plaza National Bank................................................................... Haskell National Bank.............................................................. The First National Bank of Hebbronville............................. The First National Bank of Henrietta................................... The First National Bank of H ic o ............................................ First National Bank in H ig g in s ............................................... The Citizens National Bank of H ills b o ro ............................. The First National Bank, Hillsboro, Te xa s........................... The First National Bank of H o lla n d ...................................... The Hondo National B a nk........................................................ Cashier Braes Bayou National B a n k ................................................... First City Bank— Inwood Forest, N.A.................................... Chairman, President Gulf Southern National B a n k ................................................. President Inwood Commerce Bank, N.A.................................................. Chairman, President Madison— Southern National B ank...................................... Riverside National Bank of H o u s to n ................................... South Loop National B a n k ..................................................... President The First National Bank of Hughes S p rin g s ...................... Chairman Allied Humble Bank, N.A........................................................... President, Cashier Kingwood Commerce Bank, N.A............................................. President First National Bank of Ingleside............................................ Chairman, President, Vice President, The State National Bank of Iowa P a rk ................................. Chairman, President, Vice President, First National Bank of Irvin g ................................................... Chairman, President The First National Bank of Itasca.......................................... President, Vice President The First National Bank of Ja ck sbo ro ................................. Chairman, President, Vice President, The Jacksboro National Bank................................................. Chairman, Vice President, Cashier First National Bank of Ja s p e r................................................. President The First National Bank of Je fferso n................................... President The First National Bank in Jo s h u a ........................................ W. Don Standley, President First State B a n k ......................................................................... President Junction National Bank............................................................ President, Vice President, Cashier The Karnes County National Bank of Karnes C i t y ........... Chairman, President, Vice President, 8 President President President, Vice President, Cashier Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier Cashier Chairman, President, Vice President, Cashier President Chairman, President, Vice President, Cashier President, Vice President Vice President, Cashier President, First Vice President, Cashier President, Vice President, Cashier President President Cashier President, Executive Vice President, Vice Presi dent, Cashier Vice President and 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 President, Vice President Chairman, President, Vice President, Cashier Chairman, President President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Vice President Chairman, President, Vice President President President Vice President Chairman, President, Vice President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Cashier Cashier Cashier Cashier GROUP 3 — Continued TEXAS — Continued Location Katy Kaufman Kaufman Kemp Kenedy Kermit Kerrville Kingsville Kountze Kress La Coste La Feria La Grange La Marque La Porte Ladonia Lake Jackson Lake Worth Lamesa Lampasas Lampasas Leonard Linden Lipan Littlefield Lockhart Lockney Lufkin Luiing Madisonville Marfa Marlin Mart Mart Mason Matador Mathis McAllen McAllen McGregor McKinney McLean Melvin Memphis Menard Mercedes Merkel Mertzon Mexia Midlothian Mineola Mineral Wells Monahans Montgomery County Moody Moran Mount Calm Mount Vernon Munday Name of Bank or Trust Company Katy National B a n k .................................................................... The Farmers & Merchants National Bank of Kaufman. . . First National Bank in Kaufm an............................................ The First National Bank of K em p .......................................... First-Nichols National Bank of K en edy............................... First National Bank of Kerm it................................................. The Bank of K e rrville ................................................................ Mercantile National Bank of K ingsville............................... . First Security Bank of Kountze................................................ Kress National B a n k ................................................................ The La Coste National B a n k ................................................... The First National Bank of La F e ria ...................................... The First National Bank of La G ra n g e ................................. First National Bank of La Marque.......................................... Bayshore National Bank of La P o rte .................................... Farmers and Merchants State Bank...................................... First National Bank of Lake Ja ck so n.................................... Lake Worth National Bank ..................................................... The Lamesa National Bank...................................................... The First National Bank of Lam pasas................................. The Peoples National Bank of Lam pasas........................... The Leonard National Bank..................................................... The First National Bank of L in d e n ........................................ The First National Bank of L ip a n .......................................... The First National Bank of Littlefield.................................... First-Lockhart National B a n k ................................................. First National Bank in Lockney............................................... Texas National Bank of Lu fk in ............................................... The First National Bank in Luiing.......................................... The First National Bank of M adisonville............................. The Marfa National Bank.......................................................... Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Eddie Garrison, President President Chairman, President, Vice President, Cashier President, Vice President President President, Cashier President Cashier Chairman, President, Vice President Chairman, President, Vice President, Cashier President President, Vice President, Cashier President Chairman, President, Vice President, Cashier President, Vice President Chairman, President, Vice President, Cashier President Cashier President Chairman, President, Vice President, Cashier President President President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Vice President Chairman, President, Vice President, Cashier, Assistant Cashier Marlin National B ank................................................................. President, Cashier The Farmers and Merchants National Bank of M a rt................................................................................... E. K. Folley, Jr., President The First National Bank of M a rt............................................. President, Vice President, Cashier The Mason National Bank........................................................ President, Vice President The First State Bank of Matador............................................. Vice President First State Bank of Mathis........................................................ President, Cashier Metropolitan National B a n k ................................................... President The Valley National B a n k ........................................................ Chairman, President, Vice President, Cashier The First National Bank of McGregor ................................. President, Vice President, Cashier Central National Bank of M cKinney...................................... Chairman, President, Vice President, Cashier American National Bank in McLean...................................... Vice President Ranchlander National B a n k ................................................... President The First National Bank of M em phis.................................... President, Vice President The Menard National B a n k ...................................................... President The First National Bank of Mercedes.................................... Chairman, President, Vice President The Farmers and Merchants National Bank of M erkel.............................................................................. President The First National Bank of M ertzon...................................... President, Cashier First National Bank of Mexia ................................................. President, Vice President, Cashier First National Bank in Midlothian ........................................ Chairman, President, Vice President, Cashier The First National Bank of M ineola...................................... Cashier The City National Bank of Mineral W e lls ............................. President First National Bankof Monahans.......................................... Executive Vice President, Vice President Montgomery County Bank, National Association ........... President, Cashier The First National Bank of M o o d y ........................................ President The Moran National B a n k ........................................................ President The First National Bank in Mount Calm ............................... Chairman, President, Vice President, Cashier The First National Bank of Mount V ern o n ........................... President, Vice President First National Bank in M unday............................................... President, Vice President, Cashier 9 GROUP 3 — Continued TEXAS — Continued Location Naples Navasota New Boston Newcastle Newton Nocona Nocona Nordheim O ’Donnell Oak Hill Olney Ozona Paducah Palestine Palestine Palestine Panhandle Pearland Perryton Perryton Pilot Point Pittsburg Post Poth Quanah Quanah Quitaque Quitman Ralls Rankin Rhome Richardson Richmond Richmond Rockport Rocksprings Rockwall Rockwall Rosebud Rosebud Rosenberg Rotan Round Rock Rowena Royse City Rule Saint Jo Salado San Angelo San Antonio San Antonio San Antonio San Antonio San Antonio San Antonio San Antonio San Antonio San Augustine San Marcos San Marcos San Saba San Saba Name of Bank or Trust Company The Morris County National Bank of N aples...................... The First National Bank of Navasota.................................... The First National Bank of New Boston............................... Farmers National Bank of N e w ca stle ................................. Allied First National B ank........................................................ The Farmers and Merchants National Bank of N o c o n a ............................................................................ First National Bankof N ocon a............................................... The First National Bankof Nordheim ................................. The First National Bank of O ’Donnell ................................. Oak Hill National Bank ............................................................ The First National Bank of O ln e y .......................................... The Ozona National B a n k ........................................................ The First National Bank............................................................ The East Texas National Bank of Palestine ...................... The First National Bank of Palestine.................................... The Royall National Bank of Palestine ............................... The First National Bank of Panhandle................................. First National Bankof Pearland............................................ The First National Bank of Perryton...................................... The Perryton National B a n k ................................................... The Pilot Point National Bank................................................. The Pittsburg National Bank................................................... The First National Bank of P o s t ............................................ The First National Bank of P o th ............................................ First National Bank in Q u ana h................................................ The Security National Bank of Q u a n a h ................................ The First National Bank of Q u itaqu e................................... . The First National Bank of Quitm an......................................, Security State Bank and Trust Com pany............................., The First State Bank of Rankin................................................ The First National Bank in R hom e........................................ , Canyon Creek National B a n k ................................................. The First National Bank of R ichm ond................................. , The Fort Bend National Bank of Richmond........................ . The First National Bankof R ockport................................... . Peoples State B a n k .................................................................. . Lakeside National Bank ........................................................... Rockwall Bank, National A ssociation................................. , The First National Bank of Rosebud ................................... . The Planters National Bank of R o se b u d .............................. The First National Bank of Rosenberg................................. . The First National Bank of R o ta n........................................... First National Bank of Round R o c k .................................... . The First National Bank of R ow ena.................................... . Citizens State B a n k ................................................................. . The Farmers National Bank of Rule, T e x a s ...................... . The First National Bank of Saint J o .................................... . Salado National B a n k ............................................................ West Side National Bank of San A n g e lo ........................... . Citizens National Bank of San A n to n io ............................. . Commerce North Bank National Association.................. . Eisenhower National B a n k ................................................... . Lackland National Bank of San A n to n io ........................... . Plaza Bank, N .A ......................................................................... . Security National Bank of San A n to n io ............................. . South Park National B ank...................................................... . Valley-Hi National Bankof San A n to n io ........................... . The First National Bank of San A u g u s tin e ...................... . The First National Bank of San M arcos............................. . Hays County National B a n k ................................................. . The City National Bankof San Saba ................................. . The San Saba National Bank ............................................... . 10 Officers Authorized to Cast Vote Chairman, President, Vice President, Cashier President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Vice President Vice President President, Cashier President, Vice President, Cashier Cashier President President, Cashier, Assistant Cashier President, Vice President, Cashier Vice President President President President, Vice President, Cashier President, Vice President, Cashier President President, Vice President, Cashier President Executive Vice President President, Cashier President President President Chairman, President, Vice President, Cashier President, Executive Vice President President, Vice President, Cashier President Chairman, President, Vice President, Cashier President, Vice President, Cashier Cashier President, President, President President, President President Chairman, President, Chairman, President President Cashier President, Cashier President, Chairman, President President President, President, President President President, President, Chairman, President President, President, Chairman, Vice President, Cashier Executive Vice President Vice President President, Vice President, Cashier Vice President, Cashier President, Vice President, Cashier Vice President Cashier President, Vice President, Cashier Executive Vice President Vice President, Cashier Cashier Vice President President, Vice President, Cashier Cashier Vice President, Cashier President, Vice President, Cashier GROUP 3 — Continued TEXAS — Continued Location Nam e of Bank or Trust Company Sanger Santa Anna Santo Schulenburg Seguin Sequin Seymour Seymour Shamrock Shiner Snook Sonora Stamford Stanton Stephenville Sterling City Stinnett Sudan Sulphur Springs Sulphur Springs Taft Tahoka Teague Throckmorton Tom Bean Trenton Trinity Tyler Tyler Valley Mills Valley View Van Alstyne Van Horn Vernon Waco Waco Waco Waxahachie Weatherford Wellington West West Columbia West University Place Wheeler Whitehouse Whitesboro Whitewright Whitney Wichita Falls Wichita Falls The First National Bank of S anger........................................ The Santa Anna National Bank............................................... The First National Bank of S a n to .......................................... The First National Bank of Schulenburg............................. The First National Bank of S e g u in ........................................ The Nolte National Bank of Sequin ...................................... The Farmers National Bank of S eym ou r............................. The First National Bank of S e ym o u r.................................... The First National Bank of Sham rock................................. The First National Bank of Shiner ........................................ First Bank of S n o o k ................................................................... The First National Bank of Sonora........................................ The First National Bank in S tam ford.................................... The First National Bankof S ta n to n ...................................... Farmers-First National Bank of Stephenville.................... The First National Bank of Sterling City ............................. First National Bank of Stinnett............................................... The First National Bank of Sudan ........................................ The City National Bank of Sulphur Springs........................ Peoples National Bank of Sulphur S p rin g s........................ The First National Bank of T a ft............................................... The First National Bankof Tahoka........................................ First National Bank of T e a g u e ..............................................., The First National Bank of Throckmorton..........................., The First National Bank of Tom Bean ................................. . The First National Bank of Trenton ......................................, The First National Bank of Trinity ........................................ , Heritage National Bank............................................................ , National Security B a n k ............................................................ . First National Bank in Valley M ills ........................................ , The Valley View National Bank................................................ The First National Bank of Van A lstyne............................. , Van Horn State Bank of Van Horn, T e x a s ......................... . The Herring National Bank of Vernon ................................. . Central National Bank of Woodway-Hewitt...................... . Lake Air National Bank of W a co .......................................... . The Texas National Bank of W a c o ...................................... . Ellis National Bank................................................................... . The Citizens National Bank of W eatherford.................... . Wellington State Bank............................................................ . The State National Bank in W e s t........................................ . West Columbia National B a n k ............................................. . First National Bank of West University P lace.................. . First National Bank in W heeler............................................. First National Bank of W hitehouse.................................... Security National Bank of Whitesboro ............................. The First National Bank of Whitewright ........................... First National Bank in W hitney............................................. American National B a n k ........................................................ Southwest National Bankof Wichita F a lls ...................... . . . . . . Wills Point Winnsboro Wolfe City Woodsboro Wortham Yorktown Zapata The First National Bankof Wills P oint............................... The First National Bank of W innsboro............................... The Wolfe City National Bank in Wolfe C i t y .................... The First National Bank of W oodsboro ............................. The First National Bankof W ortham ................................. The First National Bank of Yorktow n................................. First National Bank of Zapata............................................... . . . . . . . 11 Officers Authorized to Cast Vote Cashier Vice President, Cashier Cashier President Chairman, President, Cashier Chairman Vice President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President President, Cashier President, Cashier President President, Cashier President, Vice President President Chairman, President, Vice President, Cashier President, Vice President, Cashier President, Vice President, Cashier President, Vice President Chairman, President, Vice President, Cashier President President, Vice President, Cashier President President President, Vice President President Chairman, President Chairman, President, Vice President, Cashier President President President President, Vice President, Cashier President, Vice President, Cashier President President, Vice President, Cashier President President President President Chairman, President, Vice President, Cashier President, Vice President President President, Vice President and Cashier President President Chairman, President, Vice President, Cashier President Chairman, President, Executive Vice President, Vice President, Cashier President Chairman, President, Vice President, Cashier Chairman, President, Vice President Cashier President Cashier Chairman, President, Cashier Directors of the Federal Reserve Bank of Dallas As of August 21, 1979 Nama Occupation Elected by banks in Group Class Term Expires Dec. 31 Lewis H. B o n d ................. C hairm an o f the Board and C hief Executive Officer, Texas Am erican Bancshares Inc., Fort W orth, Texas 1 A 1981 Frank J u n e ll..................... C hairm an o f the Board, The C entral N ational Bank o f San Angelo, San Angelo, Texas 2 A 1980 Gene D. A d a m s ............... President, The F irst N ational Bank of Seymour, Seymour, Texas 3 A 1979 Stew art O rto n ................... C hairm an of the Board and C hief Executive O fficer, Foley’s, Division o f Federated Departm ent Stores, Inc., H ouston, Texas 1 B 1979 J. W ayland Bennett A ssociate Dean for Industry R elations and Professor of A gricultural Econom ics, C ollege o f A gricultural Sciences, Texas Tech University, Lubbock, Texas 2 B 1981 Kent G ilb re a th ................. A ssociate Professor of Econom ics, D epartm ent of Econom ics and Finance, Baylor University, Waco, Texas 3 B 1980 Irving A. M ath e w s.......... Chairm an of the Board and C hief Executive O fficer, Frost Bros., Inc., San Antonio, Texas Appointed by the Board o f Governors o f the Federal Reserve System C 1980 Owner, Gerald D. Hines Interests, Houston, Texas Appointed by the Board of Governors of the Federal Reserve System C 1981 Chairm an of the Board and C hief Executive O fficer, Scarbroughs Stores, A ustin, Texas Appointed by the Board o f Governors of the Federal Reserve System C 1979 Chairman Gerald D. H in e s ............... Deputy Chairman M argaret S. W ils o n ........ 12
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