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F ederal R eserve B an k of Dallas DALLAS, TEXAS 7 5 2 2 2 Circular No. 90-39 June 22, 1990 SPECIAL ELECTION OF CLASS B DIRECTOR To All Member Banks in the Eleventh Federal Reserve District: Because of the death of Mr. C. Dickie Williamson, a Class B Director of this Bank, which occurred on May 17, 1990, a special election will be held under the provisions of Section 4 of the Federal Reserve Act to choose a Class B Director to succeed him and to serve during the unexpired portion of his term of office ending December 31, 1991. Mr. Williamson was elected by banks in Group 1 and his successor will be chosen by the banks in this group. Group 1 consists of banks having capital and surplus of $6,000,000 and over. The Banks comprising Group 1 are listed on the following pages. The group in which a member bank will be entitled to vote will be determined by its classification as of the date of this letter, even though its capital and surplus may subsequently change prior to the date of the election. Each bank in Group 1 is permitted to nominate one candidate for Class B Director. The nomination must be made by resolution of the Board of Directors and certified to me on or before July 23, 1990. A form for this purpose is enclosed. On July 31, 1990, a list of the candidates (indicating by whom nominated) and 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 2, 1990, and close at 2 p.m. on August 17, 1990. At that time the ballot box will be opened at this Bank, the votes counted, and the results of the election announced. The candidates are invited to be 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 are listed on the following pages. Inasmuch as the authority conferred on these officers continues until revoked, they need not be redesignated. Each member bank which has not designated an officer, or officers, for the purpose of signing the ballot, or any bank that desires to change its designation, should do so by resolution of its Board of Directors and certify the designation to me before 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 be filed before the polls close. While the banks in Groups 2 and 3 will not vote in this election, this circular is sent to them without forms for their information. 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) Information Concerning Eligibility for Class B Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act, as amended by the Federal Reserve Reform Act of 1977, contains the following provisions: “Class B shall consist of three members, who shall represent the public and shall be elected without discrimination on the basis of race, creed, color, sex, or national origin, and with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor, and consumers.’’ "No director of Class B shall be an officer, director, or employee of any bank." “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 Federal Reserve Bank.” The Board of Governors of the Federal Reserve System has expressed the opinion, “ ...that, to be consistent with the spirit and underlying principles of the Federal Reserve Act, it is inappropriate, as a general rule, for officers and directors of Federal Reserve Banks and Branches to hold partisan political or public office in the service of the United States, or of any state, territory, county, district, political subdivision, or municipality thereof, or to act as members of political party committees.” GROUP 1 Consists of all m em ber banks having capital and surplus of $6,000,000 and over. Banks in this group elect one Class B Director. LOUISIANA Location Minden Monroe Shreveport Officers Authorized to Cast Vote Name of Bank or Trust Company Minden Bank & Trust C om pany................................. Central Bank.................................................................. ................... Commercial National Bank in Shreveport................ ................... President, Vice President, Cashier Chairman, President, Vice President, Cashier NEW MEXICO Location Las Cruces Roswell Roswell Officers Authorized to Cast Vote Name of Bank or Trust Company First National Bank of Dona Ana C o u n ty ............................ Sunwest Bank of Roswell, National Association................ United New Mexico Bank at Roswell, National Association...................................................... ....... President, Vice President, Cashier President President, Vice President, Cashier TEXAS Location Abilene Amarillo Amarillo Arlington Officers Authorized to Cast Vote Name of Bank or Trust Company Austin Austin Baytown Beaumont First National Bank of Abilene....................................................... Amarillo National B a n k................................................................... The First National Bank of Am arillo.............................................. Texas Commerce Bank - Arlington, National Association............................................................. First City, Texas - Austin, National Association......................... Texas Commerce Bank - Austin, National A ssociation............ Citizens Bank and Trust Company of Baytown, T e x a s ............. First City, Texas - Beaumont, National Association................. Beaumont Texas Commerce Bank - Beaumont, National Association..... 1 Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Cashier * President Chairman, Chairman, President, Vice Chairman, Vice President, Cashier President, Vice President, Cashier Senior Vice President, President, Cashier President, Vice President, Cashier GROUP 1 - Continued TEXAS - Continued Location Bedford Bellaire Brownsville Brownsville Bryan Carrollton Corpus Christi Corpus Christi Corpus Christi Corpus Christi Corpus Christi Name of Bank or Trust Company Farmers Branch Fort Worth Fort Worth Fort Worth Gainesville Galveston Graham Bedford National B a n k ................................................................. First National Bank of Bellaire..................................................... MBank Brownsville, National A ssociation................................. Texas Commerce Bank - Rio Grande Valley........................... First City, Texas - Bryan, National Association....................... First Western National Bank of C arrollton................................. American National B ank.............................................................. First City, Texas - Corpus Christi............................................... First National Bank of Corpus C h ris ti......................................... MBank Corpus Christi, National Association............................ Texas Commerce Bank - Corpus Christi, National Association........................................................... Centre National Bank - Farmers B ra n ch .................................. Cornerstone Bank, National Association................................... First City, Texas - D a lla s ............................................................ NCNB Texas National B ank........................................................ Northern Trust Bank of Texas, N.A............................................. Northpark National Bank of D allas............................................. Stemmons Northwest Bank, National Association................... Texas Bank and Trust, National Association............................ Texas Commerce Bank - Dallas, National Association........................................................... Texas Independent B a n k ............................................................ Turtle Creek National B a n k ......................................................... Bank of the W e st........................................................................... Continental National Bank........................................................... First City, Texas - El Paso, National Association.................... MBank El Paso, National Association........................................ Texas Commerce Bank - El Paso, National Association........................................................... Metropolitan National B a n k ......................................................... Bank of Commerce....................................................................... Overton Park National Bank........................................................ Texas Commerce Bank - Fort Worth, N.A................................. The Gainesville National Bank in Gainesville........................... United States National Bank of G alveston................................. First City, Texas - Graham, National Association.................... Grand Prairie Henderson Houston Houston Houston Houston Houston Riverside National B a n k............................................................... Citizens National Bank of Henderson......................................... BancTexas Houston, National Association............................... Bank of Houston............................................................................ Charter National Bank - Houston................................................ First City, Texas - Houston, National A ssociation................... First Interstate Bank of Texas, National Association................ Houston Houston Houston Lockwood National Bank of H o u sto n ......................................... Metrobank, National Association................................................. Southern National Bank of Texas ............................................... Houston Houston Houston Huntsville Laredo Laredo Lubbock Southwest Bank of Texas, N.A..................................................... Texas Capital Bank, National Association.................................. Texas Commerce Bank National Association........................... First National Bank of H untsville................................................. The Laredo National Bank............................................................ Union National Bank of T exas...................................................... First National Bank at Lubbock................................................... Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas Dallas El Paso El Paso El Paso El Paso El Paso 2 Officers Authorized to Cast Vote President Chairman, President, Vice President, Cashier Chairman, President, Cashier Chairman, President, Vice President, Cashier President Chairman President President President, Vice President Chairman, President, Vice President, Cashier President, Vice President, Cashier * Chairman, President Chairman, President * President Chairman, President * Chairman, President President, Executive Vice President, Cashier President, Chief Executive Officer President Chairman President President President Chairman, President, Vice President President Chairman, President President Chairman, President, Vice President, President, Vice President Chairman, President, Vice President, President, Executive Vice President, Vice President, Cashier Vice Chairman, President Cashier Chairman, Nathan C. Collins President, Vice President, Cashier President Chairman, President, Vice President, President, Chairman of the Executive Committee President Chairman, President, Vice President, Chairman, Harold Dodd; President, Joseph Catania Vice President, Cashier President Chairman, President, Vice President, Chairman, President, Vice President, President, Vice President Chairman, President President. Vice President, Cashier Cashier Cashier Cashier Cashier Cashier Cashier GROUP 1 - Continued TEXAS - Continued Location Lubbock Lubbock Lufkin Madisonville Marshall McAllen McAllen McKinney Midland Midland Midland Midland Nacogdoches Orange Pampa Pflugerville Richardson San Angelo San Angelo San San San San San San Antonio Antonio Antonio Antonio Antonio Antonio Temple Terrell Texarkana Tyler Victoria Waco Waco Waco Weatherford Name of Bank or Trust Company The Plains National Bank of Lu b bo ck....................................... Texas Commerce Bank, National Association......................... First City, Texas - Lufkin, National Association....................... First City, Texas - Madisonville National Association............. First National B a n k....................................................................... Texas Commerce Bank - McAllen, National Association........................................................... Texas State B a n k......................................................................... BancTexas McKinney, National Association............................ Claydesta National B ank............................................................. First City, Texas - Midland, National Association.................... Texas Commerce Bank - Midland, National Association........................................................... United Bank, National Association............................................. The Stone Fort National Bank of Nacogdoches....................... First City, Texas - Orange National Association....................... First National Bank in Pam pa...................................................... Hibernia National Bank in T e xa s................................................ Promenade National B a n k .......................................................... First City, Texas - San Angelo, National Association............. Texas Commerce Bank - San Angelo, National A ssociation............................................................ Broadway National B ank.............................................................. First City, Texas - San Antonio, National Association............. The Frost National Bank of San Antonio.................................... Groos Bank, National Association............................................... Intercontinental National Bank Lackland.................................... Texas Commerce Bank - San Antonio, National Association............................................................ First National Bank of Tem ple..................................................... The American National Bank of T e rre ll...................................... The Texarkana National Bank..................................................... First City, Texas - Tyler, National Association.......................... First Victoria National B a n k.......................................................... American Bank National Association......................................... MBank Waco, National Association............................................ United Bank of Waco, National Association.............................. Texas Bank .................................................................................... 3 I Officers Authorized to Cast Vote President, Executive Vice President President Executive Vice President, Cashier President, Vice President President, Vice President and Cashier Chairman, President, Vice President, Cashier Chairman, President, Cashier Chairman, President, Vice President, Cashier President, Executive Vice President/ Chief Operating Officer President . President Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President * President, Vice President, Cashier President, Executive Vice President President, Cashier Chairman, President, Vice President, Cashier * President, Vice President, Cashier Chairman, President, Vice President, Cashier President, Vice President, Cashier * President Chairman, President, Vice President, Cashier Cashier Chairman, President, Vice President, Cashier Chairman, President, Vice President, Cashier President & C.E.O., William C. Landiss President Chairman, President, Vice President, Cashier President Directors of the Federal Reserve Bank of Dallas As of June 19,19 90 T.C. F ro s t.................................. Elected by Banks in Group Chairman of the Board, Class Term Expires Dec. 31 1 Occupation Name A 1990 Frost National Bank, San Antonio, Texas Robert G. G re e r....................... Chairman of the Board, Tanglewood Bank, N.A., Houston, Texas 2 A 1989 Charles T. D o y le ..................... Chairman of the Board and Chief Executive Officer, Gulf National Bank, Texas City, Texas 3 A 1991 1 B 1991 2 B 1990 3 B 1989 VACANCY ................................ Robert L. P flu g e r.................... Rancher, San Angelo, Texas Gary E. W o o d .......................... Adm. Bobby R. Inman, USN (R e t.)............................ Chairman Maj. Gen. Hugh G. Robinson, USA (R e t.)............................ D eputy Chairman President, Texas Research League, Austin, Texas Austin, Texas Appointed by the Board of Governors of the Federal Reserve System C 1990 Chairman of the Board and Chief Executive Officer, Appointed by the Board of Governors C 1991 C 1989 The Tetra Group, Inc., Dallas, Texas Leo E. Linbeck, J r.................... Chairman of the Board and Chief Executive Officer, Linbeck Construction Corporation, Houston, Texas 4 of the Federal Reserve System Appointed by the Board of Governors of the Federal Reserve System
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