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federal R eser v e Bank OF DALLAS Dallas, Texas, July 21, 1964 SPECIAL ELECTION OF CLASS A DIRECTOR To the M e m b e r Banks in the Eleventh Federal Reserve District: Because of the dea th of Mr. Roy Riddel, a Class A Director of this Bank, which occurred on June 27, 1964, a special election will be held under the provisions of Section 4 of the Federal Reserve Act to choose a Class A Director to succeed him a n d to serve during the unexpired portion of his term of office ending December 31, 1966. Mr. Riddel was elected by banks in Group 1 and his successor will b e chosen by the banks in this group. Group 1 consists of banks having capital a n d surplus of $ 2 , 0 0 0 ,0 0 0 and over. The banks comprising Group 1 a re listed on the following pages. The group in which a member bank will b e entitled to vote will b e determined by its classification as of the d a te of this letter, even though its capital an d surplus may subsequently c h a n g e prior to the d a t e of the election. Each bank in Group 1 is permitted to nominate one ca n d id a te for Class A Director. The nomination must be m a de by resolution of the Board of Directors a n d certified to me on or before August 20, 1964. A form for this purpose is enclosed. On August 26, 1964, a list of the c a n d id a tes (indicating by whom nominated) an d a preferential ballot will be mailed to each bank in Group 1. The ballot must be cast within 15 days after receipt. The polls will open at 9 a.m. on August 31, 1964, a n d close a t 2 p.m. on Septem ber 15, 1964. At that time the ballot box will b e o p e n e d at this Bank, the votes counted, a n d the results of the election announced. The ca nd ida tes a r e invited to b e present or represented on that occasion. In order to be counted, the ballot must be executed by an officer authorized to cast the vote. Officers so authorized a r e listed on the following pag e s. Inasmuch as the authority conferred on these officers con tinues until revoked, they need not be redesig nated. Each member bank which has not desig nated an officer, or officers, for the purpose of signing the ballot, or any ban k that desires to c h a n g e its designation, should do so by resolution of its Board of Directors a n d certify the designation to me b efore the polls close. A form for this purpose will be furnished upon request. If the official signature of the officer, or officers, authorized to cast the ballot has not been filed with this Federal Reserve Bank, such official signature should b e filed before the polls close. W h ile the banks in Groups 2 an d 3 w ill not vote in this election, this circular is sent to them w ithout forms for their information. Very truly yours, .0-1— w Chairman of the Board This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Information Concerning Eligibility for Class A Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act contains the following provisions: “ Class A shall consist of three members, who shall b e chosen by and be representative of the stockholding b anks.” “ No officer or director of a member bank shall b e eligible to serve as a Class A director unless nominated and elected by banks which a r e members of the same group as the member bank of which he is an officer or director.” “ Any person who is an officer or director of more than on e member bank shall not be eligible for nomination as a Class A director except by banks in the same group as the bank having the largest a g g r e g a t e resources of any of those of which such person is an officer or director.” “ No Senator or Representative in Congress shall be a member of the Board of Governors of the Federal Reserve System or an officer or a director of a Fedral reserve b a n k .” In a resolution a d o p t e d December 23, 1915, the Federal Reserve Board expressed the opinion “ that persons holding political or public office in the service of the United States, or of any State, territory, county, district, political subdivison, or municipality thereof, or acting as members of political party committees, cannot consistently with the spirit and underlying principles of the Federal Reserve Act, serve as directors or officers of Federal Reserve Banks.” GROUP 1 Consists o f all m e m b e r banks h av in g c a p ita l a n d surplus o f $ 2 , 0 0 0 , 0 0 0 a n d over. Banks in this group elect one Class A Director. A R IZ O N A Location Tucson N a m e of Bank or Trust Com pa ny Officers A u th o rized to Cast V o te S outh ern A r i z o n a Bank & Trust C o m p a n y ..................................................... President LOUISIANA Location N a m e of Bank or Trust Com pany Officers A u th o rized to Cast V o te M onroe C e n tral Savin g s Bank a n d Trust C o m p a n y ..................................................... P resident, Ex ecutive V ice President, M onroe The O u a c h i t a N a t i o n a l Bank in M o n r o e ......................................................... P resident, V ice President, C a s h ie r S h re vep o rt Co m m ercial N a t i o n a l Bank in S h re v e p o r t...................................................... C h a ir m a n , President, V ice President, C a s h ie r S h re v e p o rt The First N a t i o n a l Bank o f S h r e v e p o r t ............................................................ P resident, V ice President, Ca shier V ice President a n d S e cre tary TEXAS Location N a m e o f Bank or Trust Com pany Officers A uthorized to Cast V o te A b il e n e The C itizen s N a t i o n a l Bank in A b i l e n e ........................................................... President, V ice President, C a shier A b il e n e First N a t i o n a l Bank o f A b i l e n e ........................................................................... C h a ir m a n , President, V ice P resident, C a shier A m a r illo A m a r i ll o N a t i o n a l Ba nk........................................................................................... C h a ir m a n , President, V ice President, C a sh ier A m a r i ll o The A m e r ic a n N a t i o n a l Bank o f A m a r i l l o ...................................................... P resident, Executive V ic e President A m a r i ll o The First N a t i o n a l Bank o f A m a r i ll o .................................................................. President, C a shier Austin The A m e r ic a n N a t i o n a l Bank o f A u s tin ........................................................... C h a ir m a n , President, V ice President Austin The Austin N a ti o n a l B a n k ................................................................................... President, V ice President Austin The C a p it a l N a t i o n a l Bank in A u s tin ............................................................... C h a ir m a n , V ic e President, Ca shier B e aum ont The A m e r ic a n N a t i o n a l Bank o f B e aum ont.............................................. C h a ir m a n , President, V ice President, C a shier Be aum ont First Security N a t i o n a l Bank o f B e au m o n t..................................................... C h a ir m a n , President, S e n io r V ice President, Brownsville First President V ice President, C a sh ier N a tio n al Bank at B row nsville .............................................................. 2 / GROUP 1 — Continued TEXAS — Continued Location Officers A u th o rized to Cast V o te N a m e of Bank or Trust Com pany Corpus Christi Corpus Christi Bank a n d Trust C o m p a n y ......................................................... President Corpus Christi Co rpus Christi S tate N a t i o n a l B a n k ................................................................... C h a ir m a n , P resident, V ic e President, C a sh ier D allas First N a t i o n a l Bank in D a ll a s ................................................................................. C h a ir m a n , P residen t, V ic e P residen t, C a sh ier D allas M e r c a n tile N a t i o n a l Bank a t D a lla s .................................................................. C h a ir m a n , C h a ir m a n o f Ex ecutive C o m m ittee, D allas The N a t i o n a l Bank o f Co m m erce o f D a lla s .................................................... President, C a shier President, V ice P residen t, C a s h ie r Dallas Republic N a t i o n a l Bank o f D a lla s ...................................................................... C h a ir m a n , President, V ice P residen t, C a sh ier D allas Texas Bank & Trust C o m p a n y o f D a lla s ........................................................... W . W . O v e r to n , Jr., C h a ir m a n El Paso El Paso N a t i o n a l B a n k ............................................................................................... C h a ir m a n , P residen t, V ic e President El Paso South west N a t i o n a l Bank o f El Paso................................................................. President El Paso The State N a t i o n a l Bank o f El Paso.................................................................. President Fort W o r th C o n tin e n ta l N a t i o n a l Bank o f Fort W o r t h ..................................................... C h a ir m a n , President, Ex ecutive V ic e President, C a s h ie r Fort W o r th The First N a t i n a l Bank o f Fort W o r t h ................................................................ C h a ir m a n , President, V ic e President, C a sh ier Fort W o r th The Fort W o r th N a t i o n a l B a n k ............................................................................. President, V ic e P residen t, C a sh ier G alve sto n First H u tch in g s-S ealy N a t i o n a l Bank o f G a lv e s to n .................................... C h a ir m a n , President, V ic e President, C a shier G alv e sto n The M o o d y N a t i o n a l Bank o f G a lv e s to n ......................................................... V ice President G alv e sto n The U n ite d States N a t i o n a l Bank o f G a lv e s to n ................................ ......... C h a ir m a n , President, V ic e P residen t, C a s h ie r Houston Bank o f the South west N a t i o n a l A s sociation, H o uston............................ C h a ir m a n , P resident, V ice President Houston C itizen s State B a n k ..................................................................................................... President Houston East End S tate B a n k................................................................................................... P residen t, V ice President Houston First C ity N a t i o n a l Bank o f H o u sto n .................................................................. C h a ir m a n , P resident, V ice P resident, C a shier Houston Houston Bank & Trust C o m p a n y .......................................................................... President, V ice President Houston Houston N a t i o n a l B a n k ............................................................................................. C h a ir m a n , P resident, V ic e P resident, C a s h ie r Houston South ern N a t i o n a l Bank o f H o uston.................................................................. President, V ic e President Houston Texas N a t i o n a l Bank o f C o m m erce o f H o u s to n .......................................... C h a ir m a n , President, V ice President, C a shier Longview Lon g view N a t i o n a l B a n k .......................................................................................... V ice P residen t, C a s h ie r Lubbock The C itiz en s N a t i o n a l Bank o f L ub bock.......................................................... President Lubbock First N a t i o n a l Bank a t Lubbock......................................................................... President, V ic e P residen t, C a s h ie r Lubbock The Lubbock N a t i o n a l B a n k .................................................................................. President M id l a n d The First N a t i o n a l Bank o f M i d l a n d .................................................................. President M id l a n d The M i d l a n d N a t i o n a l B a n k .................................................................................. President Port A r th u r The First N a t i o n a l Bank o f Port A r t h u r ............................................................. P residen t, V ic e President, C a s h ie r Port A rth u r The M erch an ts N a t i o n a l Bank o f Port A r t h u r ................................................ C h a ir m a n , P residen t, V ic e P resident, C a s h ie r P resident, C a s h ie r San A n g e lo San A n g e l o N a t i o n a l Bank o f San A n g e l o .................................................... San A n to n io The A l a m o N a t i o n a l Bank o f San A n t o n io ..................................................... President San A n to n io Bexar Co unty N a t i o n a l Bank o f San A n t o n io ............................................... President, V ic e P residen t, C a s h ie r San A n to n io The Frost N a t i o n a l Bank o f San A n t o n io ......................................................... P resident, V ice P residen t, C a sh ier San A n to n io The G ro os N a t i o n a l Bank o f San A n t o n io ..................................................... C h a ir m a n , President, V ic e President, C a shier San A n to n io N a t i o n a l Bank o f Co m m erce o f San A n t o n io ............................................... Presiden t, V ice President San A n to n io The N a t i o n a l Bank o f Fort Sam Houston a t San A n to n io ....................... C h a ir m a n , President, V ice President, C a shier T e x a rk a n a The T e x a r k a n a N a t i o n a l B a n k .............................................................................. C a shier Tyler C itizen s First N a t i o n a l Bank o f T y le r ................................................................ Presiden t, V ice President, C a shier Tyler The Pe oples N a t i o n a l Bank o f T y le r .................................................................. Presiden t, V ice President Tyler T yler Bank a n d Trust C o m p a n y ............................................................................. President, V ice P residen t, C a s h ie r V ic to ria First V ic to r ia N a t i o n a l B a n k .................................................................................. C h a ir m a n , President, V ice President, C a s h ie r V icto ria V ic to ria Bank a n d Trust C o m p a n y ...................................................................... President W aco The C itizen s N a t i o n a l Bank o f W a c o ............................................................... W a l t e r G . Lacy, Jr., President President W aco The First N a t i o n a l Bank o f W a c o ........................................................................ W ic h it a Falls C ity N a t i o n a l Bank in W ic h it a Falls.................................................................. P residen t, V ic e President W ic h it a Falls The First-W ic hita N a t i o n a l Bank o f W ic h it a Falls..................................... C h a ir m a n , President, Vice President 3 Directors of the Federal Reserve Bank of Dallas As of July 21, 1964 Nam e Elected by banks in G roup O ccupation Class Term Expires Dec. 31 1 Vacancy A 1966 Ralph A. P o r t e r .......................... President, The State National Bank of Denison, Denison, Texas 2 A 1965 J. Edd McLaughlin President, Security State Bank & Trust Company, Ralls, Texas 3 A 1964 H. B. Z a c h r y ................................. President, H. B. Zachry Company, San Antonio, Texas 1 B 1964 D. A. H u l c y ................................. Chairman of the Board, Lone Star G as Company, Dallas, Texas 2 B 1966 J. B. Perry, Jr .................................... President an d G eneral M an ag er, Perry Brothers, Inc., Lufkin, Texas 3 B 1965 Robert O. Anderson . Chairman Owner, Lincoln County Livestock Company, Roswell, New Mexico Appointed by the Board of Governors of the Federal Reserve System C 1965 Carl J. T h o m s e n .......................... Deputy Chairman Senior Vice President, Texas Instruments, Inc., Dallas, Texas Appointed by the Board of Governors of the Federal Reserve System C 1964 Max L e v i n e ................................. Chairman of the Board, Foley’s, Houston, Texas Appointed by the Board of Governors of the Federal Reserve System C 1966 . . . . . . .
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