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FEDERAL RESERVE BANK OF DALLAS DALLAS. TEXAS May 15,1954 To All Banks of the Eleventh Federal Reserve District: This is to advise that the MacGregor Park National Bank of Houston, Houston, Texas, a newly organized institution located in the territory served by the Houston Branch of the Federal Reserve Bank of Dallas, opened for business today as a member of the Federal Reserve System. The new member bank has capital of $300,000, surplus of $100,000, and undivided profits of $100,000. Its officers and directors are as follows: OFFICERS Ben Taub, Chairman of the Board N. H. Mitchell, Vice Chairman C. B. Carter, Jr., President John A. Beck, Vice President Carl Galloway, Cashier Richard G. Honea, Assistant Cashier DIRECTORS Douglas W. McGregor William S. Bailey N. H. Mitchell C. A. Barrere John A. Beck Ben F. Orr Preston R. Plumb W. S. Bellows, Jr. C. B. Carter, Jr. Ben Taub Jack Lee Gilbert James R. West Groce Lallier James S. Woodyard Edgar B. Younger Blocker 0. Martin V. C. McGinnes The combined A.B.A. transit and routing symbol number of the new bank is 35-103. 1131 Yours very truly, WATROUS H. IRONS President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)