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Federal reserve ba nk of D allas DALLAS, TEXAS 7S222 Circular No. 7*+-303 November 12, 197*+ OFFICIAL ANNOUNCEMENT To All Banks in the Eleventh Federal Reserve District: The Board of Directors of the Federal Reserve Bank of Dallas today announced that Mr. Ernest T. Baughman has been elected President of this Bank, effective December 9, 197*+- Mr. Baughman has been First Vice President of the Federal Reserve Bank of Chicago since 1970. He has undergraduate and graduate degrees in agriculture and economics from the University of Minnesota and has been a career executive with the Federal Reserve Bank of Chicago since he joined that organization in 19*+6. He started as an agricultural economist in the Research De partment of the Chicago Reserve Bank, became Assistant Vice President in 1952, and successively Vice President, Senior Vice President, serving in those capacities also as an associate economist of the Federal Open Market Committee, and finally First Vice President in 1970. Mr. Baughman is a member of the Chicago Bankers Club, Chicago Association of Commerce and Industry, and American Finance Associa tion; and a trustee of The Farm Foundation. He is a member of the staff of the Graduate School of Banking at the University of Wisconsin where he instructs the course in monetary policy. Mr. Baughman is 58 years old, is married, and has three grown daughters. Mr. Baughman succeeds Philip E. Coldwell, who resigned October 28, 197*+ to become a member of the Board of Governors of the Federal Reserve System in Washington, D. C. A complete list of the officers of this Bank and its Branches, effective December 9, 197*+, is shown on the reverse of this circular. Sincerely yours Chairman of the Board This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) FEDERAL RESERVE BANK OF DALLAS DISTRICT NO. 11 OFFICERS Name Position Ernest T. Baughman ------------------ President T. W. P l a n t -------------------------- First Vice President Robert H. Boykin -------------------- Senior Vice President and Secretary James L. Cauthen -------------------- Senior Vice President Tony J . Salvaggio ------------------- Senior Vice President Robert A. Brown ---------------------- General Auditor George F . Rudy ----------------------- General Counsel George C. Cochran, III -------------- Vice President Leon W. C o w a n ------------------------ Vice President Ralph T. G r e e n -----------------------Vice President Larry D. H i g g i n s -------------------- Vice President Carl H. M o o r e ------------------------ Vice President W. M. P r i t c h e t t ----------------------Vice President Fredric W. R e e d --------------------- Vice President Harry E. Robinson, Jr. ---------------Vice President Rasco R. S t o r y -----------------------Vice President Thomas R. Sullivan ------------------ Vice President E. W. Vorlop, Jr. ------------------- Vice President and Controller Sidney J. Alexander, Jr. ------------ Assistant Vice President Richard D. Ingram ------------------- Assistant Vice President and Assistant Secretary William H. Kelly -------------------- Assistant Vice President Jesse D. Sanders -------------------- Assistant Vice President Robert Smith, III ------------------- Assistant Vice President and Assistant Secretary T. E. Spreng ------------------------- Assistant Vice President E. A. Thaxton, Jr. ------------------ Assistant Vice President C. L. V i c k --------------------------- Assistant Vice President Joseph E. Burns --------------------- Director of Research Charles A. Gore --------------------- Chief Examiner J. W. Harlow, Jr. ------------------- Data Processing Officer C. J. Pickering --------------------- Planning Officer Carla M. Warberg -------------------- Research Officer Carroll D. Blake -------------------- Bank Relations Officer and and Assistant Secretary J . A. Clymer ------------------------- Operations Officer Thomas H. Rust ----------------------- Personnel Officer Sammy T. Schulze -------------------- Assistant General Auditor Millard E. Sweatt, Jr. -------------- Assistant Counsel El Paso Branch Fredric W. R e e d --------------------- Vice President in Charge Forrest E. Coleman ------------------ Assistant Vice President Joel L. Koonce, Jr. ----------------- Operations Officer Houston Branch James L. Cauthen -------------------- Senior Vice President in Charge Rasco R. S t o r y -----------------------Vice President J. Z. R o w e --------------------------- Assistant Vice President Vernon L. Bartee -------------------- Operations Officer Thomas H. Robertson ----------------- Operations Officer San Antonio Branch Carl H. M o o r e ------------------------ Vice President in Charge Frederick J. Schmid ----------------- Assistant Vice President Thomas C. Cole ---------------------- Operations Officer Robert W. Schultz ------------------- Operations Officer Effective December 9, 197*+