Full text of District Notices (Federal Reserve Bank of Dallas) : Reclassification of Member Banks for Electoral Purposes

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F

ederal

Reserve Bank
DALLAS, TEXAS

of

Dallas

75222

June 11 , 1965

RECLASSIFICATION OF MEMBER BANKS FOR ELECTORAL PURPOSES

To the Member Banks of the
Eleventh Federal Reserve District:
The Board of Governors of the Federal Reserve System has
changed the classification of member banks of the Eleventh Federal
Reserve District for the purpose of nominating and electing Class A
and Class B directors of the Federal Reserve Bank of Dallas.
The revised classification is as follows:
Group 1 consists of member banks with com­
bined capital and surplus of $3 >000>000 and over
(formerly $2 ,000,000 and over).
Group 2 consists of member banks with com­
bined capital and surplus of $500,000 and over, but
under $3,000,000 (formerly $400,000 and over, but
under $2,000,000),
Group 3 consists of member banks with com­
bined capital and surplus of under $500,000 (for­
merly under $400 ,00 0 ).
The revised classification will be used in the election of
directors to be held later in 19&5*
Yours very truly

Chairman of the Board

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