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FEDERAL RESERVE BANK
OF

Circular No. 59
Series of 1921

DALLAS

Deo* 23* 1921*

NOTICE OF DIVIDEND
TO THE CASHIER*

Dear Sirs
We take pleasure in advising you that at the last regular
meeting of our Board of Directors, a dividend in full at the rate
of

6 % per

annum was declared on your investment in stock of this

bank, for the period of July 1st, 1921 to December 31st, inclusive.
In the case of your bank this dividend will amount to
$

which amount will be credited to your reserve account on

our El Paso Branch books on December 31st, 1921 and you are, thereĀ­
fore, authorized to charge your reserve account with this amount on
said date, bearing in mind that this portion of your earnings
is under the provisions of the Federal Reserve Act, exempt from
all taxation, including income and excess profit taxes.
Yours very truly,

Governor

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

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