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C O P Y FEDERAL RESERVE BANK OF DALLAS C ircu la r H o.20. S e r ie s o f 1920. June 23, 1920. HOgICS OF DIVIDEND TO THE CASHIER: Dear S ir ; We take p lea su re in a d v is in g you th at at the reg u la r meet in g o f our Board o f D ir e c t o r s on June 7,1920, a d iv id en d in f u l l at th e ra te o f 6f/ per annum was d e c la r e d on your investm ent in s to c k o f t h is bank, f o r the o f p e r io d o f January 1,1920, June 30, 1920, both d ates in c lu s iv e . In the case o f your bank th is d iv id en d w i l l amount to | > which amount w i l l be c r e d it e d to your reserv e account on our books on June 30, and you a re , t h e r e fo r e , a u th orized to charge your r e se r v e account w ith th is amount on s a id d ate, b ea rin g in mind th at th is p o r tio n o f your earnings is under the p r o v is io n s o f the F ed eral R eserve A ct,, exempt from a l l ta x a tio n , in c lu d in g income and excess p r o f i t ta x e s . Yours v ery tr u ly , (SIGHED) R.L.VAH ZAHDT GOVERNOR This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Dallas, Texas, AMOUNT CJ Amount o f dividend due above bank: on i t s c a p ita l payments w ith federal Reserve Bank o f D allas as shown on books o f l a t t e r , 'i’his pay^ n t covers a l l dividend during period January 1 ,1 9 2 0 , to June 3 0 ,1 9 2 0 , in clu sive, as authorized by Board o f D ire c to r s’ meeting in regular session June 7 ,1 9 2 0 . K d it e F o rm M isc. R e v is e d 2-a 3473 REVERSE £ 0 Federal Reserve Bank en tr y DO N O T POST Dallas, Texas, x POST; x Dividend t o G /jo/20 Amount o f D ividend due above bank on i t s c a p it a l pay ments w ith F ederal Reserve Bank o f D allas as shown on books o f l a t t e r « This payment covers a l l dividend during p e rio d Jany 1 s t , 1920 } t o June 30, 1920, i n c l , as au th orized by Board o f D irectors* Meeting in reg u la r s e ss io n Juno 7th, 1920 C R E D IT AMOUNT
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