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Fe d e r a l R e se r v e

bank of


D A L L A S 13. T E X A S

March 13,1947

To All Banks of the
Eleventh Federal Reserve District

This is to advise that the Lovington National Bank, Lovington, New Mexico, a newly organized institution located in
the territory served by our El Paso Branch, opened for business
March 5, 1947, as a member of the Federal Reserve System.
The new member bank has paid-in capital funds of $97,500;
comprised of capital $75,000, surplus $15,000, and undivided
profits of $7,500.
Its officers and directors are as follows:
D. C. Berry, President
J. L. Reed, Vice President
J. C. Ainsworth, Jr., Cashier
Roy Phillips, Assistant Cashier
J. C. Ainsworth, Jr.
P. C. Berry
M. R. Bess

H. J. Burns
J. L. Reed
A. C. Taylor
J. L. Yarbro

Yours very truly,

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (

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