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F ederal Reserve bank OF DALLAS Dallas, Texas, September 1, 1956 To the Principal Executive Officer o f the Member Bank Addressed: Enclosed is a loose-leaf copy of the new Directory o f the Federal Reserve Bank of Dallas. Please substitute this Directory for the one which you now have in your binder of regulations of the Board of Governors and bulletins of the Federal Reserve Bank of Dallas. We hope that the Directory will be helpful to you and your associates in contacting the officials of the Head Office or branches of this bank Copies of either the loose-leaf form or the pamphlet form are available upon request. Sincerely yours, Watrous H. Irons President Enclosure This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) DIRECTORY OF THE FEDERAL RESERVE BANK OF DALLAS Head Office, 400 South Akard Street, Dallas, Texas M ailing A ddress Station K Dallas 2, Texas T e le p h o n e : iv A Ildolpl 1 3271 (F or night, Sunday, and holiday emergency calls, use RAndolph 2175) El Paso Branch, 351 Myrtle Avenue, El Paso, Texas M ailing A ddress P. O. Box 100 El Paso, Texas T e le p h o n e : 2 -1 6 8 1 Houston Branch, 1301 Texas Avenue, Houston, Texas M ailing A ddress P. O. Box 2578 Houston 1, Texas T e le p h o n e : CApitol 7-8281 San Antonio Branch, Navarro and Villita Sts., San Antonio, Texas M ailing A ddress P. O. Box 1471 San Antonio 6, Texas T e le p h o n e : CApitol 7-4153 CONTENTS Page Functions, Departments, Principal Operations, and Persons in Charge Head Office Accounting____________________________________________ 1 Auditing______________________________________________ 1 Bank and public relations_______________________________ 2 Bank examination and supervision------------------------------------ 2 Cash_________________________________________________ 3 Collections — checks, other cash items, and noncash items___ 3 Commodity credit---------------------------------------------------------- 4 Fiscal agency__________________________________________ 4 Legal_________________________________________________ 5 Loans and rediscounts--------------------------------------------------- 5 Personnel_____________________________________________ 5 Regulations of the Board of Governors---------------------------- 8 Remittances on RFC pool loans--------------------------------------- 4 Research and statistical--------------------------------------------------- 6 Reserve accounts of member banks---------------------------------- 1 Secretary of the Board of Directors--------------------------------- 6 Securities Issuance, redemption, and exchange------------------------------ 4 Purchase and sales--------------------------------------------------- 3 Safekeeping________________________________________ 3 Services — building and other operations---------------------------- 7 El Paso Branch--------------------------------------------------------------- 9 Houston Branch-------------------------------------------------------------- 10 San Antonio Branch--------------------------------------------------------- 11 Directors Federal Reserve Bank of Dallas------------------------------------------El Paso Branch__________________________________________ Houston Branch--------------------------------------------------------------San Antonio Branch---------------------------------------------------------- 12 14 15 16 Federal Advisory Council Member---------------------------------------- 12 Officers Federal Reserve Bank of Dallas------------------------------------------El Paso Branch__________________________________________ Houston Branch_________________________________________ San Antonio Branch---------------------------------------------------------- 13 14 15 16 FEDERAL RESERVE RANK OF DALLAS President W ATROUS H. IRONS First Vice President W. D. GENTRY HEAD OFFICE ACCOUNTING E. B. Austin, Vice President E. H. Berg, Assistant Cashier Accounting Department: C. R. Wallin, Manager General Books and Bank Accounts Division Member bank reserve accounts Reserve deficiencies Nonmember bank clearing accounts Signature authorities Stop-payment orders Administration and interpretation of Regulation D — Reserves of Member Banks Expenditures Division Issuance of voucher checks in payment of expenses (except pay roll) of Federal Reserve Bank Dividends on Federal Reserve Bank stock Administration and interpretation of Regulation I — Increase or Decrease of Capital Stock of Federal Reserve Banks and Cancellation of Old and Issue of New Stock Certificates Transfer of Funds Division Telegraphic transfers of funds Mail transfers of funds AUDITING G. R. Murff, General Auditor Auditing Department: I. J. Reed, Assistant General Auditor Reconciliation of reserve and deferred credits accounts and verifica tion of other accounts Check disposition of incoming money and security shipments and obtain receipts for outgoing money and security shipments 1 Revised September 1, 1956. 2 D IR E C T O R Y BANK AND PUBLIC RELATIONS T. A. Hardin, Assistant Vice President Herman W. Kilman, Assistant Cashier Bank and Public Relations Department: H. M. Faulkner, Field Representative Visits to member and nonmember banks Visitors at Federal Reserve Bank Tours of building Relations with schools and colleges Federal Reserve Bank’s paper currency exhibits Sound film, “The Federal Reserve Bank and You” BANK EXAMINATION AND SUPERVISION L. G. Pondrom, Vice President Moss E. Hulsey, Jr., Chief Examiner Examination Department Examination of state member banks and affiliates Applications for membership in Federal Reserve System Administration and interpretation of Regulations: F—Trust Powers of National Banks H-—Membership of State Banking Institutions in the Federal Reserve System K—Banking Corporations Authorized to Do Foreign Banking Business Under the Terms of Section 25(a) of the Federal Reserve Act L—Interlocking Bank Directorates Under the Clayton Act M—Foreign Branches of National Banks and of Corporations Organized Under the Provisions of Section 25(a) of the Federal Reserve Act N—Relations with Foreign Banks and Bankers O—Loans to Executive Officers of Member Banks P—Holding Company Affiliates—Voting Permits Q—Payment of Interest on Deposits R—Relationships with Dealers in Securities Under Section 32 of the Banking Act of 1933 T—Extension and Maintenance of Credit by Brokers, Dealers, and Members of National Securities Exchanges U—Loans by Banks for the Purpose of Purchasing or Carrying Stocks Registered on a National Securities Exchange Y—Bank Holding Companies Revised September 1, 1956. D IR E C T O R Y 3 CASH AND SECURITIES W. H. Holloway, Vice President and Cashier Carl H. Moore, Assistant Cashier Cash Department: H. M. Simmons, Manager Money Division Shipment and delivery of currency and coin Receipt and verification of currency and coin Reports of unusual currency transactions on Form TCR-1, pur suant to request of U. S. Treasury Department Securities Division Purchase and sale of securities for account of member banks Receipt and delivery of securities purchased or sold for account of member banks Custody of securities for member banks Telegraphic transfer of bearer Government securities Payment of coupons of the United States Government and gov ernmental agencies COLLECTIONS— CHECKS, OTHER CASH ITEMS, AND NONCASH ITEMS T. A. Hardin, Assistant Vice President Carl H. Moore, Assistant Cashier Transit Department: Rasco R. Story, Manager Collection of cash items Checks and other cash items Government checks drawn on the Treasurer of the United States Postal money orders Direct routing of checks and other cash items to Federal Reserve banks and branches by member and nonmember clearing banks Returned or dishonored items Check routing symbol program Administration and interpretation of Regulation J—Check Clear ing and Collection Collection of noncash items Notes, drafts, and other noncash items Corporate bonds and coupons payable in continental United States Administration and interpretation of Regulation G— Collection of Noncash Items Post office deposits Revised September 1, 1956. 4 D IR E C T O R Y COMMODITY CREDIT T. W. Plant, Vice President Herman W. Kilman, Assistant Cashier CCC Department: H. M. Adams, Manager Disbursements under cotton loan program Issuance, servicing, and redemption of CCC certificates of interest Custody of Government cotton loan notes and warehouse receipts Disbursements and remittances for Commodity Stabilization Service Remittances from servicing agents of RFC pool loans Securities of the Public Housing Administration FISCAL AGENCY T. W. Plant, Vice President James L. Cauthen, Assistant Cashier Fiscal Agency Department: Roy E. Bohne, Manager United States savings bonds Lost, stolen, mutilated, or destroyed savings bonds Sales and redemptions of savings bonds Accounts of issuing and paying agents Reissues and corrections Marketable Government securities Denominational exchange Exchange of bearer for registered bonds Exchange of registered for bearer bonds Transfer of registered bonds Exchange subscriptions Forms for subscriptions, exchanges, transfers, etc. Lost, stolen, destroyed, or mutilated securities Payment or redemption Subscriptions and tenders to new offerings of Government securities Federal taxes Qualification of depositaries Deposit of taxes Duplicate receipts Treasury tax and loan accounts Withdrawal calls Qualification of depositaries Record of accounts Record of collateral Revised September 1, 1956. 5 D IR E C T O R Y LEGAL H arry A. Shuford, Vice President and General Counsel George F. Rudy, Assistant Counsel and Assistant Secretary of the Board LOANS AND REDISCOUNTS E. B. Austin, Vice President W. M. Pritchett, Assistant Cashier Loan and Securities Department: E. G. Hudel, Manager Collection and analysis of credit data Distribution of financial statement forms Record of Federal Reserve Bank’s investment in Government securities Administration and interpretation of Regulations: A—Advances and Discounts by Federal Reserve Banks B—Open Market Purchases of Bills of Exchange, Trade Accept ances, and Bankers’ Acceptances Under Section 14 C—Acceptance by Member Banks of Drafts or Bills of Exchange S—-Industrial Loans by Federal Reserve Banks (direct and par ticipation) V—Loan Guarantees for Defense Production PERSONNEL H arry A. Shuford, Vice President and General Counsel James A. Parker, Director of Personnel Personnel Department: Wm. F. Pope, Jr., Manager Employment Employee records Preparation of payroll Job analysis and evaluation Salary and personnel policy surveys Medical examinations and first aid Employee counseling Employee publication Hospitalization and insurance Retirement system Cafeteria service for officers and employees Revised April 6, 1956. 6 D IR E C T O R Y RESEARCH AND STATISTICAL Morgan H. Rice, Vice President and Secretary of the Board Philip E. Coldwell, Director of Research Research Department Research: James E. Jensen, General Economist Bertram F. Levin, Financial Economist Leslie C. Peacock, Financial Economist J. Z. Rowe, Agricultural Economist Robert B. Williamson, Industrial Economist Assembling and analyzing economic data—agriculture, trade, finance, and industry Monthly Business Review Agricultural News Letter Agricultural News of the Week Banking, business, agricultural, and other economic releases Statistical: Zenas B. Smith, Administrative Assistant Collection of statistical data on banking, retail trade, and con sumer credit Preparation of statistical tabulations and reports Foreign exchange transactions—reports Research Library: Mabel Wilkerson, Librarian Economic publications—books, periodicals, newspapers, special reports, government documents and releases, economic and financial services, and other material to facilitate research SECRETARY OF THE BOARD OF DIRECTORS Morgan H. Rice, Vice President and Secretary of the Board George F. Rudy, Assistant Counsel and Assistant Secretary of the Board Office of the Secretary of the Board of Directors Proceedings of meetings of Board of Directors and committees of Board of Directors Election of Class A and Class B directors by member banks Information regarding directors Revised September 1, 1956. 7 D IR E C T O R Y SERVICES— BUILDING AND OTHER OPERATIONS W. H. Holloway, Vice President and Cashier James L. Cauthen, Assistant Cashier Service Department: J. A. Hall, Manager Federal Reserve Postal Substation “K ” Mail—incoming and outgoing Protection—fire and safety Telephone service Wire service—private and commercial Purchase of equipment and supplies Maintenance of furniture and equipment Building operations General files and records Printing and duplicating services Interdepartmental communications — messenger service and pneu matic tube system Revised September 1,1956. D IR E C T O R Y 8 REGULATIONS OF THE BOARD OF GOVERNORS A—Advances and Discounts by Federal Reserve Banks_ E. B. Austin _ B—Open Market Purchases of Bills of Exchange, Trade Acceptances, and Bankers’ Accept ances Under Section 14_____________________ E. B. Austin C—Acceptance by Member Banks of Drafts or Bills of Exchange________________________________E. B. Austin D—Reserves of Member Banks______________________ E. B. Austin E—Purchase of W arrants___________________________ E. B. Austin F—Trust Powers of National Banks_________________ L. G. Pondrom G—Collection of Noncash Items______________________T. A. Hardin H—Membership of State Banking Institutions in the Federal Reserve System________________ L. G. Pondrom I—Increase or Decrease of Capital Stock of Fed eral Reserve Banks and Cancellation of Old and Issue of New Stock Certificates______ E. B. Austin J—Check Clearing and Collection--------------------------------T. A. Hardin K—Banking Corporations Authorized to Do For eign Banking Business Under the Terms of Section 25(a) of the Federal Reserve Act____ L. G. Pondrom L—Interlocking Bank D irectorates U nder the Clayton Act______________________________ L. G. Pondrom M—Foreign Branches of National Banks and of Corporations Organized Under the Provi sions of Section 25(a) of the Federal Reserve Act_____________________________ L. G. Pondrom N—Relations with Foreign Banks and Bankers...............L. G. Pondrom O—Loans to Executive Officers of Member Banks-------L. G. Pondrom P—Holding Company Affiliates—Voting Permits-------- L. G. Pondrom Q—Payment of Interest on Deposits------------------------- L. G. Pondrom R—Relationships with Dealers in Securities Under Section 32 of the Banking Act of 1933----------L. G. Pondrom S—Industrial Loans by Federal Reserve Banks_________ E. B. Austin T—Extension and Maintenance of Credit by Bro kers, Dealers, and Members of National Securities Exchanges------ ---- ---------------------- L. G. Pondrom U—Loans by Banks for the Purpose of Purchas ing or Carrying Stocks Registered on a National Securities Exchange-----------------------L. G. Pondrom V—Loan Guarantees for Defense Production-----------------E. B. Austin Y—Bank Holding Companies______________________ L. G. Pondrom Revised September 1,1956. 9 D IR E C T O R Y EL PASO BRANCH Vice President in Charge HOW ARD CA RRITH ERS Cashier: A LVIN E. RU SSELL Assistant Cashier: T. C. ARNOLD Loan and discount operations Member bank reserve accounts Purchase and sale of securities for account of member banks N onm em ber ban k c le a rin g acco u n ts Signature authorities Receipt and delivery of securi ties purchased or sold for account of member banks Delivery of bearer Government securities pursuant to tele graphic transfer from other Federal Reserve banks Check collections, including Government checks drawn on the Treasurer of the United States and postal money orders Noncash collections Administration and interpreta tion of Regulation U —Loans by Banks for the Purpose of Purchasing or Carrying Stocks Registered on a Na tional Securities Exchange Stop-payment orders Telegraphic transfers of funds Mail transfers of funds Payment of currency and coin Receipt and verification of cur rency and coin R eports of unusual currency transactions on Form TCR-1, pursuant to instructions from the Treasury Department Safekeeping of securities P a y m e n t of coupons of th e U nited States Government and governmental agencies Issue, exchange, and redemp tion United States savings bonds U n ite d States m arketable securities Treasury tax and loan accounts Treasury savings notes Withholding tax deposits Auditing Department: George W. Saunders, Branch Auditor Reconciliation of reserve and deferred credits accounts and verifica tion of other accounts Check disposition of incoming money and security shipments and obtain receipts for outgoing money and security shipments Revised September 1, 1956. 10 D IR E C T O R Y HOUSTON BRANCH Vice President in Charge J. L. COOK Cashier H. K. DAVIS Assistant Cashier: THOM AS R. SULLIVAN Member bank reserve accounts N on m em b er bank c le a rin g acco u n ts Signature authorities Stop-payment orders Telegraphic transfers of funds Mail transfers of funds Check collections, including Government checks drawn on the Treasurer of the United States and p o s ta l money orders Noncash collections Administration and interpreta tion of Regulation U —Loans by Banks for the Purpose of Purchasing or Carrying Stocks Registered on a Na tional Securities Exchange Assistant Cashier: B. J. TROY Loan and discount operations Purchase and sale of securities for account of member banks Receipt and delivery of securi ties purchased or sold for account of member banks Delivery of bearer Government securities pursuant to tele graphic transfer from other Federal Reserve banks Payment of currency and coin Receipt and verification of cur rency and coin Reports of unusual currency transactions on Form TCR-1, pursuant to instructions from the Treasury Department Safekeeping of securities P a y m e n t of coupons o f th e U nited States Governm ent and governmental agencies Issue, exchange, and redemp tion United States savings bonds U nited States m arketable securities Treasury tax and loan accounts Treasury savings notes Withholding tax deposits Auditing Department: H. A. Yancey, Branch Auditor Reconciliation of reserve and deferred credits accounts and verification of other accounts Check disposition of incoming money and security shipments and obtain receipts for outgoing money and security shipments Revised September 1, 1956. 11 D IR E C T O R Y SAN ANTONIO BRANCH Vice President in Charge W. E. EAGLE Cashier A. E. M UNDT Assistant Cashier: F. C. MAGEE Loan and discount operations Purchase and sale of securities for account of member banks Receipt and delivery of securi ties purchased or sold for account of member banks Delivery of bearer Government securities pursuant to tele graphic transfer from other Federal Reserve banks Check collections, including Government checks drawn on the Treasurer of the United States and p o sta l money orders Noncash collections Administration and interpreta tion of Regulation U—Loans by Banks for the Purpose of Purchasing or Carrying Stocks Registered on a Na tional Securities Exchange Assistant Cashier: FREDRIC W. REED Member bank reserve accounts N onm em ber bank c le a rin g accounts Signature authorities Stop-payment orders Telegraphic transfers of funds Mail transfers of funds Payment of currency and coin Receipt and verification of cur rency and coin Reports of unusual currency transactions on Form TCR-1, pursuant to instructions from the Treasury Department Safekeeping of securities P a y m e n t of coupons of the United States Government and governmental agencies Issue, exchange, and redemp tion United States savings bonds U nited States m arketable securities Treasury tax and loan accounts Treasury savings notes Withholding tax deposits Auditing Department: George W. Stover, Branch Auditor Reconciliation of reserve and deferred credits accounts and verification of other accounts Check disposition of incoming money and security shipments and obtain receipts for outgoing money and security shipments Revised September 1, 1956. 12 D IR E C T O R Y FEDERAL RESERVE BANK OF DALLAS DIRECTORS RO BERT J. SM ITH ( Chairman and Federal Reserve Agent) President, Slick Airways, Inc. Dallas, Texas HAL BOGLE (Deputy Chairman) Rancher and Feeder, Dexter, New Mexico JO H N R. ALFORD Industrialist and Farmer Henderson, Texas H EN R Y P. DROUGHT Attorney at Law San Antonio, Texas D. A. HULCY Chairman of the Board and President Lone Star Gas Company Dallas, Texas j. e d d M cL a u g h l i n President Security State Bank & Trust Company Ralls, Texas W. L. PETERSO N President The State National Bank of Denison Denison, Texas J. B. THOM AS President and General Manager and Director Texas Electric Service Company Fort Worth, Texas SAM D. YOUNG President El Paso National Bank El Paso, Texas FEDERAL ADVISORY COUNCIL MEMBER GEORGE G. M ATKIN President The State National Bank of El Paso El Paso, Texas Revised September 1,1956. 13 D IR E C T O R Y FEDERAL RESERVE BANK OF DALLAS OFFICERS W ATROUS H. IRONS, President W. D. GENTRY, First Vice President E. B. A U STIN , Vice President HOW ARD CARRITHERS, Vice President (In charge of El Paso Branch) J. L. COOK, Vice President (In charge of Houston Branch) W. E. EAGLE, Vice President (In charge of San Antonio Branch) W. H. HOLLOW AY, Vice President and Cashier T. W. PLANT, Vice President L. G. PONDROM , Vice President MORGAN H. RICE, Vice President and Secretary o f the Board HARRY A. SHUFORD, Vice President and General Counsel G. R. M URFF, General Auditor T. A. HARDIN, Assistant Vice President E. H. BERG, Assistant Cashier JAM ES L. CAUTHEN, Assistant Cashier HERM AN W. KILM AN, Assistant Cashier CARL H. M OORE, Assistant Cashier W. M. PR ITC H ET T, Assistant Cashier P H IL IP E. COLD W ELL, Director of Research MOSS E. HU LSEY , JR., Chief Examiner JAM ES A. PARKER, Director o f Personnel GEORGE F. RUDY, Assistant Counsel and Assistant Secretary of the Board CHARLS E. W ALKER, Economic Adviser— Office of the President Revised September 1, 1956. 14 D IR E C T O R Y EL PASO BRANCH DIRECTORS D. F. STAHM ANN (Chairman) President Stahmann Farms, Inc. Las Cruces, New Mexico F. W. BARTON President The M arfa National Bank Marfa, Texas JO H N P. BUTLER President The First National Bank of Midland Midland, Texas JA M ES A. DICK President James A. Dick Investment Company El Paso, Texas THOM AS C. PA TTER SO N Vice President El Paso National Bank El Paso, Texas J. M. SAKRISON Director Southern Arizona Bank & Trust Company Tucson, Arizona E. J. W ORKM AN President, and Director of Research and Development Division New Mexico Institute of Mining and Technology Socorro, New Mexico OFFICERS HOW ARD CA RRITH ERS, Vice President in Charge ALVIN E. RU SSELL, Cashier T. C. ARNOLD, Assistant Cashier Revised September 1, 1956. D IR E C T O R Y IS HOUSTON BRANCH DIRECTORS H ER B ER T G. SU TTO N (Chairman) T. O. Sutton and Sons Colmesneil, Texas I. F. BETTS President The American National Bank of Beaumont Beaumont, Texas L. R. BRYAN, JR. Vice Chairman of the Board and Chairman of the Executive Committee Bank of the Southwest National Association, Houston Houston, Texas W. B. CALLAN President The Victoria National Bank Victoria, Texas JO H N C. FLANAGAN Vice President and General Manager Texas Distribution Division United Gas Corporation Houston, Texas S. MARCUS GREER Vice Chairman of the Board First City National Bank of Houston Houston, Texas TYRUS R. TIMM Head Department of Agricultural Economics and Sociology A. & M. College of Texas College Station, Texas OFFICERS J. L. COOK, Vice President in Charge H. K. DAVIS, Cashier THOM AS R. SULLIVAN, Assistant Cashier B. J. TROY, Assistant Cashier Revised April 6,1956. 16 D IR E C T O R Y SAN ANTONIO BRANCH DIRECTORS CLARENCE E. AYRES (Chairman) Professor of Economics The University of Texas Austin, Texas J. W. BERETTA President First National Bank of San Antonio San Antonio, Texas V. S. M ARETT President The Citizens National Bank of Gonzales Gonzales, Texas E. C. BREEDLOVE President The First National Bank of Harlingen Harlingen, Texas ALEX R. THOM AS Vice President Geo. C. Vaughan & Sons San Antonio, Texas BURTON DUNN Chairman of the Executive Committee Corpus Christi State National Bank Corpus Christi, Texas HAROLD VAGTBORG President Southwest Research Institute San Antonio, Texas OFFICERS W. E. EAGLE, Vice President in Charge A. E. MUNDT, Cashier F. C. MAGEE, Assistant Cashier FR ED R IC W. REED, Assistant Cashier Revised September 1, 1956.
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