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Federal reserve OF Bank DALLAS Dallas, Texas, March 30, 1959 To the Principal Executive Officer of the Member Bank Addressed: Enclosed is a loose-leaf copy of the new and revised Directory of the Federal Reserve Bank of Dallas. Please substitute this new 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. If you should desire additional copies of this Directory, we shall be glad to make them 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 AND BRANCHES Head Office, 400 South Akard Street, Dallas 2, Texas Mailing Address Station K Dallas 2, Texas Telephone: R iverside 2-3271 (For night, Sunday, and holiday emergency calls: Riverside 2-217S) El Paso Branch, 301 East Main Street, El Paso, Texas Mailing Address P. O. Box 100 El Paso, Texas Telephone: K E ystone 2-1681 Houston Branch, 1701 San Jacinto Street, Houston 2, Texas Mailing Address P. O. Box 2578 H ouston 1, Texas Telephone: CApitol 7-8281 San Antonio Branch, 210 West Nueva Street, San Antonio 5, Texas Mailing Address P. O. Box 1471 San A ntonio 6, Texas Telephone: CApitol 7-4153 CONTENTS Page HEAD OFFICE D irectors__________________________________ Member of the Federal Advisory Council______________ Officers ___________________________________________________ Departments and functions A ccounting_____________________________________________ Auditing _______________________________________________ Bank and public relations________________________________ Bank examination and supervision________________________ C ash -----------------------------------------------------------------------------Collections — checks, other cash items, and noncash items__ Commodity credit----------------------------------------------------------Fiscal agency-----------------------------------------------------------------Legal __________________________________________________ Loans and rediscounts----------------------------------------------------Machine processing---------------------------------------------------------Personnel ---------------------------------------------------------------------Regulations of the Board of Governors-------------------------------Remittances on RFC pool loans----------------------------------------Research and statistical__________________________________ Reserve accounts of member banks________________________ Secretary of the Board of Directors_______________________ Securities Issuance, redemption, and exchange____________________ Purchase and sales____________________________________ Safekeeping _________________________________________ Services — building and other operations__________________ 1 1 2 3 3 4 4 5 5 6 6 7 7 8 8 11 6 9 3 10 7 5 5 10 EL PASO BRANCH Directors and Officers______________________________________ 12 Functions _________________________________________________ 13 Auditing _______________________________________________ 14 HOUSTON BRANCH Directors and Officers______________________________________ 15 Functions _________________________________________________ 16 Auditing _______________________________________________ 17 SAN ANTONIO BRANCH Directors and Officers______________________________________ 18 Functions _________________________________________________ 19 Auditing _______________________________________________ 20 HEAD OFFICE Federal Reserve Bank of Dallas DIRECTORS Chairman of the Board and Federal Reserve Agent ROBERT J. SM ITH Deputy Chairman HAL BOGLE CLASS A DIRECTORS JOHN M. G RIFFITH , President, The City National Bank of Taylor, Taylor, Texas J. EDD M cLAUGHLIN, President, Security State Bank & Trust Company, Ralls, Texas SAM D. YOUNG, President, El Paso National Bank, El Paso, Texas CLASS B DIRECTORS JOHN R. ALFORD, Industrialist and Farmer, Henderson, Texas D. A. HULCY, Chairman of the Board, Lone Star Gas Company, Dallas, Texas H. B. ZACHRY, President, H. B. Zachry Company, San Antonio, Texas CLASS C DIRECTORS HAL BOGLE, Rancher and Feeder, Dexter, New Mexico LAMAR FLEM ING, JR., Chairman of the Board, Anderson, Clayton and Company, Inc., Houston, Texas ROBERT J. SMITH, President, Pioneer Hydrotex Industries, Inc., Dallas, Texas FEDERAL ADVISORY COUNCIL MEMBER W ALTER B. JACOBS, Chairman of the Board, The First National Bank of Shreveport, Shreveport, Louisiana Revised April 1, 1959 1 HEAD OFFICE Federal Reserve Bank of Dallas OFFICERS W ATROUS H. IRONS, President HARRY A. SHUFORD, First Vice President JAMES L. CAUTHEN, Vice President T. A. HARDIN, Vice President G. R. M URFF, Vice President T. W. PLANT, Vice President and Cashier L. G. PONDROM, Vice President MORGAN H. RICE, Vice President and Secretary of the Board CHARLS E. W ALKER, Vice President and Economic Adviser ARTHUR H. LANG, General Auditor GEORGE F. RUDY, General Counsel and Assistant Secretary of the Board ROBERT H. BOYKIN, Assistant Counsel E. H. BERG, Assistant Cashier ROY E. BOHNE, Assistant Cashier HERMAN W. KILMAN, Assistant Cashier W. M. PRITCH ETT, Assistant Cashier THOMAS R. SULLIVAN, Assistant Cashier P H IL IP E. COLDW ELL, Director of Research MOSS E. HULSEY, JR., Chief Examiner JAMES A. PARKER, Director of Personnel 2 Revised April 3. 1959 HEAD OFFICE Federal Reserve Bank of Dallas HEAD OFFICE ACCOUNTING G. R. Murff, Vice President E. H. Berg, Assistant Cashier 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 payroll) 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 Arthur H. Lang, General Auditor E. A. Thaxton, Jr., 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 Revised April 1, 1959 3 HEAD OFFICE Federal Reserve Bank of Dallas BANK AND PUBLIC RELATIONS Charls E. Walker, Vice President and Economic Adviser Herman W. Kilman, Assistant Cashier 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 films on the Federal Reserve System BANK EXAMINATION AND SUPERVISION L. G. Pondrom, Vice President Moss E. Hulsey, Jr., Chief Examiner 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 In stitu tio n s 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 F—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 4 Revised April 1, 1959 HEAD OFFICE Federal Reserve Bank of Dallas BANK EXAMINATION AND SUPERVISION (Continued) 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 CASH AND SECURITIES T. W. Plant, Vice President and Cashier Thomas R. Sullivan, Assistant Cashier 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 (TRANSIT DEPARTMENT) James L. Cauthen, Vice President Roy E. Bohne, Assistant Cashier J. D. Metze, Manager Collection of cash items Checks and other cash items Government checks drawn on the Treasurer of the United States Postal money orders 5 Revised April 1, 1959 HEAD OFFICE Federal Reserve Bank of Dallas (TRANSIT DEPARTM ENT) (Continued) Direct routing of checks and other cash items to Federal Reserve banks and branches by m em ber and nonm em ber clearing banks Returned or dishonored items Check routing symbol program Administration and interpretation of R egulation J—Check Clearing and Collection Collection of noncash items Notes, drafts, and other noncash items Corporate bonds and coupons Administration and interpretation of Regulation G — Collection of Noncash Items Post office deposits COMMODITY CREDIT CORPORATION James L. Cauthen, Vice President Herman W. Kilman, Assistant Cashier 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 FISCAL AGENCY T. A. Hardin, Vice President Thomas R. Sullivan, Assistant Cashier E. G. Hudel, Manager United States savings bonds Accounts of issuing agents Issue, reissue, and redemption of savings bonds 6 Revised April 1, 1959 HEAD OFFICE Federal Reserve Bank of Dallas FISCAL AGENCY (Continued) Lost, stolen, or destroyed savings bonds Paying agent settlement Qualification of issuing and paying agents Shipments of savings bonds Marketable Government securities Issue, exchange, transfer, and redemption of securities Lost, stolen, or destroyed securities Subscriptions to cash or exchange offerings of Government securities Treasury tax and loan accounts Accounts of depositaries (deposits and collateral) Qualification of depositaries W ithdrawal calls Federal taxes Deposit of taxes Duplicate receipts Qualification of depositaries LEGAL George F. Rudy, General Counsel and Assistant Secretary of the Board Robert H. Boykin, Assistant Counsel LOANS AND REDISCOUNTS T. A. Hardin, Vice President Thomas R. Sullivan, Assistant Cashier E. G. Hudel, Manager Collection and analysis of credit data Record of Federal Reserve Bank’s investment in Government securities Administration and interpretation of Regulations: A—Advances and Discounts by Federal Reserve Banks Revised April 1, 1959 7 HEAD OFFICE Federal Reserve Bank of Dallas LOANS AND REDISCOUNTS (Continued) 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 E—Purchase of W arrants S—Industrial Loans by Federal Reserve Banks (direct and par ticipation) V—Loan Guarantees for Defense Production MACHINE PROCESSING T. A, Hardin, Vice President Roy E. Bohne, Assistant Cashier John F. Yeilush, Manager Electric punch card accounting machine operations Maintain punch card files Preparation and revision of departm ental procedures and main tenance of master file Design new forms and maintain forms control files PERSONNEL James A. Parker, Director of Personnel 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 8 Revised April 1. 1959 HEAD OFFICE Federal Reserve Bank of Dallas RESEARCH AND STATISTICAL Morgan H. Rice, Vice President and Secretary of the Board Philip E. Coldwell, Director of Research Research: Theodore R. Eck, General Economist Irving O. Linger, 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 Agricultural News o f the Week Business Review Farm and Ranch Bulletin 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 L ibrary: Mabel Wilkerson, Librarian Economic publications — books, periodicals, newspapers, special reports, government documents and releases, economic and financial services, and other material to facilitate research Revised April 1, 1959 9 HEAD OFFICE Federal Reserve Bank of Dallas SECRETARY OF THE BOARD OF DIRECTORS Morgan H. Rice, Vice President and Secretary of the Board George F. Rudy, General Counsel and Assistant Secretary of the Board 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 SERVICES — BUILDING AND OTHER OPERATIONS T. W. Plant, Vice President and Cashier E. H. Berg, Assistant Cashier Hoyt McCormick, Manager Federal Reserve Postal Substation “K” Mail — incoming and outgoing Protection — fire and safety Telephone service W ire 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 10 Revised April 1, 1959 REGULATIONS OF THE BOARD OF GOVERNORS A—Advances and Discounts by Federal Reserve Banks ____________________________________ T. A. Hardin B—Open Market Purchases of Bills of Exchange, Trade Acceptances, and Bankers’ Accept ances Under Section 14______________________T. A. Hardin C—Acceptance by M ember Banks of D rafts or Bills of Exchange__________________________ T. A. Hardin D—Reserves of Member Banks______________________ G. R. MurfI E—Purchase of W arrants--------------------------------------- T. A. Hardin F—Trust Powers of National Banks---------------------- L. G. Pondrom G—Collection of Noncash Items_______________ James L. Cauthen 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___________ G. R. Murff J—Check Clearing and Collection______________ James L. Cauthen K—Banking Corporations Authorized to Do For eign Banking Business Under the Terms of Section 25(a) of the Federal Reserve Act___ E. G. Pondrom L—Interlocking Bank D irectorates Under the Clayton A c t--------------------------------------------- E. 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 O—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______ T. A. Hardin T—Extension and M aintenance of C redit by Brokers, Dealers, and Members of National Securities Exchanges ____________________ L. G. Pondrom LT —Loans by Banks for the Purpose of Purchasing or Carrying Stocks Registered on a Na tional Securities Exchange________________ L. G. Pondrom V—Loan Guarantees for Defense Production________ T. A. Hardin Y—Bank Holding Companies_____________________L. G. Pondrom Revised April 1, 1959 11 EL PASO BRANCH Federal Reserve Bank of Dallas EL P A S O B R A N C H DIRECTORS Chairman of the Board D. F. STAHMANN F. W. BARTON, President, The Marfa National Bank, Marfa, Texas JOHN P. BUTLER, President, The First National Bank of Midland, Midland, Texas FLOYD CHILDRESS, Vice President, The First National Bank of Roswell, Roswell, New Mexico DYSART EDGAR HOLCOMB, Director of Research, El Paso Natural Gas Company, El Paso, Texas JO SEPH F. IRVIN, President, Southwest National Bank of El Paso, El Paso, Texas W ILLIAM R. M ATHEW S, Editor and Publisher, The Arizona Daily Star, Tucson, Arizona D. F. STAHMANN, Chairman of the Board and Treasurer, Stahmann Farms, Inc., Las Cruces, New Mexico OFFICERS HOW ARD CARRITHERS, Vice President in Charge FREDRIC W. REED, Cashier T. C. ARNOLD, Assistant Cashier 12 Revised April 1, 1959 EL PASO BRANCH Federal Reserve Bank of Dallas EL P A S O B R A N C H HOW ARD CARRITHERS, Vice President in Charge FREDRIC W. REED, Cashier Purchase and sale of securities for account of member banks Receipt and delivery of securities purchased or sold for account of member banks Delivery of bearer Government securities pursuant to telegraphic transfer from other Federal Reserve banks Noncash collections Member bank reserve accounts Nonmember bank clearing accounts Signature authorities Stop-payment orders Telegraphic transfers of funds Mail transfers of funds Payment of currency and coin Receipt and verification of currency and coin Reports of unusual currency transactions on Form TCR-1, pursuant to instructions from the Treasury Department Safekeeping of securities Revised April 1, 1959 13 EL PASO BRANCH Federal Reserve Bank of Dallas FREDRIC W. REED, Cashier (Continued) Payment of coupons of the United States Government and govern mental agencies Issue, exchange, and redemption United States savings bonds United States marketable securities Treasury tax and loan accounts W ithholding tax deposits T. C. ARNOLD, Assistant Cashier Loan and discount operations Check collections, including G overnm ent checks drawn on the Treasurer of the United States and postal money orders Administration and interpretation of Regulation U — Loans by Banks for the Purpose of Purchasing or Carrying Stocks Reg istered on a National Securities Exchange AUDITING George W. Saunders, Branch Auditor Reconciliation of reserve and deferred credits accounts and verifica tion of other accounts Check disposition of incom ing money and security shipm ents and obtain receipts for outgoing money and security shipm ents 14 Revised April 1, 1959 HOUSTON BRANCH Federal Reserve Bank of Dallas HOUSTON BRANCH DIRECTORS Chairman of the Board JOHN C. FLANAGAN I. F. BETTS, President, The American National Bank of Beaumont, Beaumont, Texas W. B. CALLAN, President, The Victoria National Bank, Victoria, Texas MARVIN K. COLLIE, President, The National Bank of Commerce of Houston, Houston, Texas A. E. CUDLIPP, Vice President and Director, Lufkin Foundry & Machine Company, Lufkin, Texas JOHN C. FLANAGAN, Vice P resident and General M anager, Texas Distribution Division, United Gas Corporation, Houston, Texas HARRIS McASHAN, Vice Chairman of the Board, Texas National Bank of Houston, Houston, Texas T YRUS 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 B. J. TROY, Cashier W. C. HARTUNG, Assistant Cashier RASCO R. STORY, Assistant Cashier Revised April 1, 1959 15 HOUSTON BRANCH Federal Reserve Bank of Dallas HOUSTON BRANCH J. L,. COOK, Vice President in Charge B. J. TROY, Cashier W. C. HARTUNG, Assistant Cashier Loan and discount operations Purchase and sale of securities for account of member banks Receipt and delivery of securities purchased or sold for account of member banks Delivery of bearer Government securities pursuant to telegraphic transfer from other Federal Reserve banks Issue, exchange, and redemption United States savings bonds United States marketable securities Treasury tax and loan accounts W ithholding tax deposits Payment of currency and coin Receipt and verification of currency and coin Reports of unusual currency transactions on Form TCR-1, pursuant to instructions from the Treasury Department Safekeeping of securities 16 Revised April 1, 1959 HOUSTON BRANCH Federal Reserve Bank of Dallas Payment of coupons of the United States Government and govern mental agencies RASCO R. STORY, Assistant Cashier Member bank reserve accounts Nonmember bank clearing accounts Signature authorities Stop-payment orders Telegraphic transfers of funds Mail transfers of funds Check collections, including G overnm ent checks drawn on the Treasurer of the United States and postal money orders Noncash collections Administration and interpretation of R egulation U — Loans by Banks for the Purpose of Purchasing or Carrying Stocks Regis tered on a National Securities Exchange AUDITING R. J. Schoenhoff, Branch Auditor Reconciliation of reserve and deferred credits accounts and verifica tion of other accounts Check disposition of incom ing money and security shipm ents and obtain receipts for outgoing money and security shipm ents Revised April 1, 1959 17 SAN ANTONIO BRANCH Federal Reserve Bank of Dallas SAN A N T O N I O B R A N C H DIRECTORS Chairman of the Board HAROLD VAGTBORG CLARENCE E. AYRES, Professor of Economics, The University of Texas, Austin, Texas J. W. BERETTA, President, First National Bank of San Antonio, San Antonio, Texas E. C. BREEDLOVE, President, The First National Bank of H ar lingen, Harlingen, Texas BURTON DUNN, Chairman of the Executive Committee, Corpus Christi State National Bank, Corpus Christi, Texas DONALD D. JAMES, Vice President, The Austin National Bank, Austin, Texas ALEX R. THOMAS, Vice President, Geo. C. Vaughan & Sons, San Antonio, Texas HAROLD VAGTBORG, President, Southwest Research Institute, San Antonio, Texas OFFICERS CARL H. MOORE, Vice President in Charge A. E. MUNDT, Cashier ALVIN E. RUSSELL, Assistant Cashier FRED ERICK J. SCHMID, Assistant Cashier 18 Revised April 1. 1959 SAN ANTONIO BRANCH Federal Reserve Bank of Dallas S AN A N T O N I O B R A N C H CARL H. MOORE, Vice President in Charge A. E. MUNDT, Cashier ALVIN E. RUSSELL, Assistant Cashier Check collections, including G overnm ent checks drawn on the Treasurer of the United States and postal money orders Noncash collections Payment of currency and coin Receipt and verification of currency and coin Reports of unusual currency transactions on Form TCR-1, pursuant to instructions from the Treasury Department Safekeeping of securities Payment of coupons of the United States Government and govern mental agencies Issue, exchange, and redemption United States savings bonds United States marketable securities Treasury tax and loan accounts Withholding tax deposits Revised April 1, 1959 19 SAN ANTONIO BRANCH Federal Reserve Bank of Dallas FRED ERICK J. SCHMID, Assistant Cashier Loan and discount operations Purchase and sale of securities for account of member banks Receipt and delivery of securities purchased or sold for account of member banks Delivery of bearer Government securities pursuant to telegraphic transfer from other Federal Reserve banks Member bank reserve accounts Nonmember bank clearing accounts Signature authorities Stop-payment orders Telegraphic transfers of funds Mail transfers of funds Administration and interpretation of R egulation TJ — Loans by Banks for the Purpose of Purchasing or Carrying Stocks Regis tered on a National Securities Exchange AUDITING George W. Stover, Branch Auditor Reconciliation of reserve and deferred credits accounts and verifi cation of other accounts Check disposition of incoming money and security shipm ents and obtain receipts for outgoing money and security shipm ents 20 Revised April 1, 1959
