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F ederal R eserve Bank o f Dallas DALLAS, TEXAS 7 5 2 2 2 Circular N o . 7 9 -3 2 March 2 , 1 9 7 9 SPECIAL ELECTION OF CLASS B DIRECTOR REPORT OF NOMINATIONS — VOTING PROCEDURES To A ll M e m b e r Banks in th e E leven th F e d e ra l R eserve District: In accordance with the provisions of Section 4 of the Federal Reserve Act, as am ended by the Federal Reserve Reform Act o f 1 9 7 7 , and my circular dated January 2 3 , 1 9 7 9 , in regard to the special election o f a Class B Director of this Bank to succeed G erald D. Hines who resigned as a Class B Director to accept appointm ent as a Class C Director o f this Bank effective January 1, 1 9 7 9 , and to serve the unexpired portion o f a th ree-year term ending Decem ber 3 1 , 1 9 8 0 , there are given herein the names o f the candidates nominated for such directorship and the names o f the banks which m ade the nominations. Except in the case of any member banks that are subsidiaries of the same bank holding com pany,* there is sent herewith to each bank in G roup 3 a ballot fo r use in voting fo r a Class B Director. Also enclosed are an envelope bearing on its face the certificate in regard to the vote and a colored envelope marked “ Ballot — Directors' Election," in which the ballot is to be sealed. W hen several banks are subsidiaries o f a bank holding company, th e v o tin g fo rm s a re b e in g sent o n ly to th e b a n k d e s ig n a te d to p a rtic ip a te in this election ; therefore, banks in G roup 3 that will not participate in this election are being sent this circular, without forms, for their inform ation. The ballot and certificate on the cast the vote. A list o f the designated balloting may be secret, the name o f only on the certificate envelope. If th e w ith this F e d e ra l R eserve B a n k , such envelope must be executed by an officer who has been authorized to officers, revised to d ate, forms a part o f this circular. In order that the the bank and the voting officer should not be written on the ballot but official s ig n a tu re o f th e officer castin g th e b a llo t has n o t b e e n file d official s ig n a tu re sh o u ld b e file d b e fo re th e p olls close. P lea se fo llo w c a re fu lly th e instructions w h ic h a re p rin te d on th e b a llo t, on th e e n v e lo p e s , a n d on p a g e 3 o f this circular. The fo llo w in g p ro ced u re is re q u ire d in th e case o f th e Class B b a llo ts : (1) The p re fe re n tia l b a llo t sh o u ld b e m a rk e d . (2) It sh o u ld th en b e p la c e d in th e c o lo red th a t e n v e lo p e s e a le d . e n v e lo p e m a rk e d “ B a llo t — D irecto rs’ E lectio n ” and 13) Then a fte r th e certificate on th e w h ite certificate e n v e lo p e is e x e c u te d , th e co lored s e a le d e n v e lo p e (c o n ta in in g th e b a llo t) sh o u ld b e p la c e d w ith in th e w h ite certificate e n v e lo p e a n d th a t e n v e lo p e s e a le d . (4) The s e a le d w h ite certificate e n v e lo p e c o n ta in in g th e s e a le d re tu rn e d to m e in th e en clo sed s e lf-a d d re s s e d e n v e lo p e . b a llo t e n v e lo p e sh o u ld th en be * Section 4 of the Federal Reserve Act, as am ended, reads in part as follows: " . . . That w henever any member banks within the same Federal Reserve district are subsidiaries o f the same bank holding company within the meaning o f the Bank Holding Com pany Act of 1 9 5 6 , partici pation in any such nomination or election by such member banks, including suchbank holding company if it is also a member bank, shall be confined to one of such banks, which may be designated fo r the purpose by such holding com pany.” In this connection, the Board of Governors o f the Federal Reserve System has ruled that a holding company affiliate, having one or more subsidiary banks in each o f the three groups into which member banks o f a Federal Reserve district are divided for the purpose of electing directors, may designate one such bank in each group to participate in the nomination and election o f each Class A Director and each Class B Director chosen by the group o f which such bank is a member, and such member bank so designated may validly participate in such nomination and election. A c c o rd in g ly , b a n k s in G ro u p 3 a ffe c te d b y th e fo re g o in g p ro visio n o f la w a re re q u e s te d to ta k e p ro m p t a c tio n to h a v e th e a p p ro p r ia te b a n k h o ld in g c o m p a n y d e s ig n a te , if it has n o t a lr e a d y d e s ig n a te d , o n e o f such b a n k s to p a rtic ip a te in this ele c tio n . This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Under the law , the ballot must be returned so as to reach me within 15 days afte r its receipt. The p olls w ill o p e n on M a rc h 7 , 1 9 7 9 , a n d close a t 2 p .m . on M a rc h 2 2 , 1 9 7 9 . A t that time, the ballot box will be opened a t this Bank, the sealed envelopes containing the ballots will be opened, the votes counted, and the results o f the election announced. The candidates are invited to be present or represented on that occasion. W h ile th e b a n k s in G ro u p 1 (co n sisting o f b a n k s h a v in g c a p ita l a n d surplus o f $ 6 ,0 0 0 ,0 0 0 a n d o ver) a n d G ro u p 2 (consisting o f b a n k s h a v in g c a p ita l a n d surplus o f $ 1 ,0 0 0 ,0 0 0 a n d o v e r, b u t u n d e r $ 6 ,0 0 0 ,0 0 0 ) w ill n o t v o te in th is e le c tio n , this circ u la r is se n t to th e m , w ith o u t fo rm s , fo r th e ir in fo rm a tio n . Sincerely yours, Chairm an o f the Board Enclosures (4) IMPORTANT For your inform ation, there is quoted below an extract from Section 4 o f the Federal Reserve Act which sets forth the method o f balloting: “ W ithin fifteen days a fte r receipt of the list o f candidates the d u ly au th orized officer of a m em ber b a n k shall certify to the chairm an his first, second, an d other choices fo r director o f Class A or Class B, respectively, upon a preferential b a llo t upon a form furnished by the chairm an of th e b oard o f direc tors of the Federal Reserve Bank o f the district. Each such officer shall m ake a cross opposite the nam e of the first, second, an d other choices for a director o f Class A an d fo r a director o f Class B, but shall not vote m ore than one choice for a n y one c a n d id a te ." In the case o f the Class B ballots (Group 3), where there a re four candidates involved, a member bank, in making its first, second, and third choices, will be deem ed to have indicated the other candidate as its fourth choice. CANDIDATES FOR CLASS B DIRECTOR (Listed Alphabetically) M r. Barbee is married to the form er Loretta Chenik o f W eslaco, Texas, and they have two children. M r. Barbee’s son, W illiam Terry, is a business g rad u ate from Southern M ethodist University and is associated with M r. Barbee in the Barbee Neuhaus Implement Com pany. M r. Barbee's daughter, Susan Jenkins, is a business g rad u ate o f Stephen F. Austin University and is em ployed by Cushman & W ake fie ld in Dallas, Texas. JOE D. BARBEE President and Chief Executive Officer Barbee Neuhaus Implement Com pany W eslaco, Texas Joe D. Barbee is President and Chief Executive O fficer of Barbee Neuhaus Implement Company, W eslaco, Texas. Barbee Neuhaus Implement Company is the largest John Deere dealership in the State o f Texas and serves cus tomers in the Rio G ran d e V alley of Texas. M r. Barbee is President of Agra-Leasing Com pany o f W eslaco, a leas ing and financing corporation serving prim arily the same a re a as Barbee Neuhaus Implement Com pany. M r. Barbee is Vice President and serves on the Board o f Directors of Llano G ran d e Lake Park situated near M ercedes, Texas. Nom inated by the Following Bank in G roup 3: TEXAS Edinburg................................................................. N ational Bank o f Commerce KENT GILBREATH M r. Barbee was born on December 2 6 , 19 23 , in W es laco, Texas. He attended the W eslaco Public Schools and grad u ated from the W eslaco Independent School District in M a y 1 9 4 2 . He entered Texas A & M University in Sep tem ber 1 9 4 2 . In February 1 9 4 3 , he enlisted in the A ir Force for service during W o rld W a r II. He served as a P38 fighter pilot in the 13th A ir Force. His principal service was in the Pacific Theater o f operations, with prim ary bases in the Philippine Islands and N ew G uinea. At the present time, he is a M a jo r in the Air Force Reserve on inactive status. A fter service in W o rld W a r II, he returned to Texas A& M University w here he graduated in January 1 9 4 9 with a Bachelor of Science degree in Agriculture. Professor in the Departm ent of Economics and Finance Baylor University W a c o , Texas Born in Central Texas, Dr. G ilbreath was reared in in V alley Mills, Texas, w here he worked throughout his youth in his father's general store and on the fam ily farm . He grad u ated from V alley Mills High School as valed ic torian o f his class. He was also active in sports in high school being selected to the Super Centex Football Team. After high school, he attended Baylor University w here he earned his B.A. deg ree in Economics m agna cum laude. O n e year later he received his Master's degree from Bay lor, and then went on to earn his Ph.D. in Economics at the University of Florida. Throughout his collegiate years, Dr. G ilbreath earned numerous aw ards, including an Humble O il Com pany scholarship and several fellowships. After graduation from Texas A & M University, he re turned to the Rio G ran d e V alley. Upon his return, he initially served in the Research Departm ent o f Rio Farms, with principal work in citrus and avocadoes. Following his employment with Rio Farms, he was the south Texas re p resentative for the N ia g a ra Chemical Division o f Food M achinery Corporation in its fertilizer and insecticide divison. In 1 9 5 6 , he term inated his relationship with N ia g a ra Chemical to join his present company. Dr. G ilbreath has been a professor fo r the past six years in the Departm ent of Economics and Finance at Bay lor University w here he specializes in Energy Economics. Prior to coming to Baylor, Dr. G ilbreath taught Interna tional Economics ab o ard W o rld Campus A flo at o f C h ap man College, traveling around the world with 5 0 0 students. Before joining the faculty o f W o rld Campus A float, he was a professor in the School o f Business a t Northeastern State College in Tahlequah, O klahom a. M r. Barbee has been active in a rea community affairs, being a past member o f the W eslaco Kiwanis Club, a form er director of the W eslaco Cham ber o f Commerce, and a form er director of the Rio G ran d e V alley Council o f Boy Scouts. He is an elder in the First Presbyterian Church of W eslaco. 3 CANDIDATES FOR CLASS B DIRECTOR — Continued head each year. O n e of the unique features o f the o p e ra tion is the recycling o f fee d lo t waste as fertilizer on 5 0 0 acres o f Coastal Bermuda grass located around the fe e d lot. The coastal hay, along with a lfa lfa pellets produced at the company feedm ill, is used fo r feed in the feedin g operation as well as being sold in the south Texas area . The University o f O klah om a has published a book by Dr. G ilb reath dealing with small business development. He has also published several articles dealing with such topics as world commodity markets, international finance, population projections for Texas, and tax reform in Texas. He has received research grants from various organizations including the G en eral Mills Foundation and the W orld O rd e r Foundation. He is a director o f the M ed in a Electric Cooperative, currently serving as its President, and a member o f the Board of the Devine Independent School District. In a d d i tion, he serves as a Trustee o f St. M ary's University; is a member of the N atio n al Rifle Association o f Am erica, D e vine Cham ber o f Commerce, Texas Feed and G rain Dealers Association, the Coastal Bermuda Processors Association, and Texas C attle Feeders Association; and is a past officer o f Sem bradores de Amistad. A t Baylor, he has served as Chairm an o f the University Council and Chairm an of the Steering Comm ittee o f the Institute o f Environmental Studies. He has also served on the School o f Business' Executive Council and served as Chairm an o f the School o f Business Alumni Committee. In addition to being a member of several professional and honorary associations, he is a m ember o f the McLen nan County M ental Health Association and the Central Texas Zoological Society. He has also served as an a d visor to the H e art of Texas Council o f Governments. He founded and coached the Baylor Soccer Team and helped o rg an ize the Y .M .C .A . youth soccer program in W a c o . He also served as Chairm an o f the Finance Committee of the Texas C ollegiate Soccer League. He is a m ember o f the 7th and James Baptist Church in W a c o . M r. Morales served in the Texas A ir N atio n al G uard from 1 9 5 9 to 1 9 6 5 and attain ed the rank o f Airm an First Class. He is m arried to the form er Loretta Schodts o f San Antonio, Texas. They have four sons— Pete, III, Ernest, Fred, and Raul — and one daughter — Cristina. Nom inated by the Following Banks in G roup 3: Dr. G ilbreath is married to the form er Shirley Nims of Santa Fe, N e w M exico. They have two daughters both of whom are still in school. The G ilbreaths live in W a c o , but Dr. G ilbreath enjoys spending as much time as possible a t the fam ily farm in V alley Mills. N E W M EXIC O Lordsburg...............................................The First N ational Bank o f Lordsburg TEXAS A lbany.......................................................... The First N ational Bank o f A lbany A ustin........................................................................Community N ational Bank Belton..................................................... The Peoples National Bank of Belton Breckenridge........................................... First National Bank in Breckenridge C otulla...................................................... Stockmens National Bank in Cotulla Dawson.................................................................... First Bank & Trust Company El Paso................ First International Bank in El Paso, National Association G raham ............................................................ First National Bank in Graham Mason......................................................................... The Mason N ational Bank M unday................................................ ............ First National Bank in Munday O ak H ill........................................................................O ak H ill National Bank Q uanah............................................................ First National Bank in Quanah Rhome.......................................................... The First N ational Bank in Rhome Rotan...............................................................The First N ational Bank o f Rotan San A ntonio........................................Citizens N ational Bank o f San A ntonio San A ntonio............................................................... Eisenhower National Bank San A ntonio..................................... Valley-Hi N ational Bank o f San A ntonio Seymour................................................... The First N ational Bank o f Seymour Nom inated by the Following Bank in G roup 3: TEXAS V alley M ills..................................................... First National Bank in V a lle y M ills PETE MORALES, JR. President and G en eral M a n a g e r M orales Feed Lots, Inc. Devine, Texas Pete M orales, Jr., President and G eneral M a n a g e r, M orales Feed Lots, Inc., Devine, Texas, served as a direc tor o f the San Antonio Branch o f the Federal Reserve Bank o f Dallas from 1 9 7 3 to 1 9 7 8 and as its Chairm an in 1 9 7 5 and again in 1 9 7 8 . TULLY PRATT O w n er Pratt Cattle Co. A native o f San Antonio, M r. M orales was educated in San Antonio schools and received his B.B.A. deg ree in Productions M anagem ent from St. M ary's University. Brackettville, Texas M r. Pratt was born in Lometa, Texas (Lampasas County), on June 7, 1 9 2 9 . He graduated from Lamar High School, Houston, Texas, in 1 9 4 7 , and attended Texas Tech Uni verity and Texas A&l University, m ajoring in agriculture. M r. M orales has been involved in the cattle business since completion o f his high school education. He started with his fath er, operating a 6 2 5 -a c re ranch south of Devine, and M r. M orales w orked with the cattle operation while attending St. M ary's University. Since graduation, he has devoted full time to the business and is now the owner o f M orales Feed Lots, Inc. Currently, the feedlo t handles 8 ,0 0 0 head o f cattle a t a time and processes about 2 4 ,0 0 0 M r. Pratt served in the U.S. A ir Force from June 1 9 5 0 through O ctober 1 9 5 3 , receiving an honorable discharge as Staff Sergeant. Formerly in partnership with G eo rg e and Herman Brown o f Houston, M r. Pratt served as M an ag ing Partner o f Pratt 4 CANDIDATES FOR CLASS B DIRECTOR — Continued In addition to his position as President o f the Kinney County Construction Com pany, M r. Pratt is a director of the Rio G ran d e Electric C ooperative, and director o f the Independent Cattlemen's Association. Cattle Co. He is presently O w n er o f Pratt Cattle Co., with ranching and farm ing interests in Kinney, Uvalde, and M averick Counties. From 1 9 6 1 -1 9 7 6 , M r. Pratt served as Board M em ber and President o f the Brackettville Independent School Dis trict. He has also served as a member and director o f the Texas Sheep and G o a t Raisers Association, as President and m ember o f the Brackettville C ham ber o f Commerce, as a member o f the K inney-Valverde Selective Service Board, past president and a director o f Fort Clark Springs Association in Brackettville, and served as a consultant to the President o f Brown and Root, l-nc., of Houston up to February 1 9 7 9 . M r. Pratt and his w ife Diane have three children — M inot, a g e 24 ; D iana, a g e 2 3 ; and W illiam , a g e 2 1 . Nom inated by the Following Bank in G roup 3: TEXAS Brackettville................................................................................... The First State Bank N ote — A list of the banks in G oup 3, show ing the officers authorized to cast the vote of each b a n k , is given on pages 5 through 10 of this circular. GROUP 3 Consists o f all m e m ber banks having cap ital and surplus o f u n der $ 1 ,0 0 0 ,0 0 0 . Banks in th is g ro u p elect one Class B D ire c to r. LOUISIANA L o c a tio n A rcad ia H om er Lake P rovidence O a k G rove Name o f B ank o r T ru s t C o m p a n y O ffic e rs A u th o riz e d to Cast V o te F irs t N a tio n a l B ank In A r c a d ia .......................................................................................................................................................................... P resident T h e F irs t N a tio n a l B ank o f D e lh i................................................................... P resident, E xe cu tive V ic e P resident, V ic e P resident, Cashier T h e H o m e r N a tio n a l Bank ........................................................................................................... C hairm an , P resident, V ic e P resident, Cashier T h e F irs t N a tio n a l B ank o f Lake P r o v id e n c e ................................................................................................................................................P resident West C a rro ll N a tio n a l B ank o f O ak G r o v e ...................................................................................................................................................... P resident NEW MEXICO L o c a tio n Clovis Logan Lo rd sb u rg Santa Rosa S o co rro T r u th o r Consequences Name o f B ank o r T ru s t C om p any O ffic e rs A u th o riz e d to Cast V o te F irs t N a tio n a l Bank o f C lo v is ............................................................................................................................................ .................................P resident M cF arland B rothers B a n k ..............R obert B. M cF arlan d, President; E. O. M cF arlan d, V ice P re s id e n t;O . O. O sborn, J r., P resident The F irs t N ation al B ank o f L o r d s b u r g ............................................................................................................................................ P resident, Cashier The F irs t N a tio n a l B ank o f Santa R o s a ..................................................... President, E xecutive V ice President, V ic e P resident, Cashier F irs t N a tio n a l Bank o f S o c o r r o .............................................................................................................................................................................................. First Sierra N ation al B a n k ..................................................................................................................C hairm an, President, V ice President, Cashier OKLAHOMA L o c a tio n A n tle rs Boswell Caddo Coalgate C o lb e rt H ugo H ugo Nam e o f B ank o r T ru s t C om p any O ffic e rs A u th o riz e d to Cast V o te F irs t N a tio n a l B ank at A n t l e r s .......................................................................................................... President, E xecutive V ic e President, Cashier B osw ell S tate B a n k ................................................................................................................................................... President, V ic e President, Cashier B ryan C o u n ty N a tio n a l B a n k ........................................................................................................................ C hairm an, P resident, V ic e P resident First N a tio n a l B ank in Coalgate ................................................................................................. C hairm an, President, V ic e President, Cashier The F irs t N a tio n a l B ank o f C o l b e r t ................................................................................................................................................................ President T h e C itizens S tate B a n k .................................................................................................................................. C hairm an, P resident, V ic e President S e c u rity F irs t N a tio n a l B ank o f H u g o .................................................................................................................................................................... Cashier TEXAS L o c a tio n A la m o H eights A lb a n y A lp in e A lv in A lv o rd A m he rst Name o f Bank o r T ru s t C om p any O ffic e r A u th o riz e d to Cast V o te A la m o H eights N a tio n a l B ank .......................................................................................................................................................................... P resident The F irs t N a tio n a l B ank o f A lb a n y ........................................................................................................... C hairm an, President, V ic e P resident F irs t N a tio n a l B ank in A lp in e ..............................................................................................................................................................................President F irs t N a tio n a l B ank o f A l v i n .............................................................................................................................. President, E xe cu tive V ic e President A lv o rd N a tio n a l B a n k ............................................................................................................................................ P resident, V ic e P resident, Cashier The F irs t N a tio n a l B ank o f A m h e r s t................................................................................................................................................................ President 5 GROUP 3 —Continued TEXAS — Continued L o c a tio n A nahuac A n d e rso n A n drew s A nna A nson A rlin g to n A rlin g to n A rlin g to n A sp e rm o n t A th e n s A tla n ta A tla n ta A u s tin A u s tin A u s tin A u s tin A u s tin B aird B allinger Bandera Bandera B astrop B a y to w n B eau m ont B eau m ont B ellaire Bells B e lto n B e lto n B lanco Bogata B onham B ow ie B ra c k e ttv ille Brady B rad y B recke nridg e B recke nridg e B renham B rid g e p o rt B ro n te B ro w n sville B ro w n sville B ro w n w o o d B u rk b u rn e tt Byers B yn u m C addo M ills C aldw ell Cam eron C anton Celeste C enter Childress C h illic o th e Cisco C larendon C larksville C larksville C laude C lute C olem an College S ta tio n C o lle y v ille C o lo ra d o C ity C om anche Com m erce C ooper C orpus C hrist! Corsicana C o tu lla C ro sb yto n C row ell Cushing D a in g e rfie ld D a lh a rt Dallas Dallas Dallas Name o f B ank or T ru s t C om p any O ffic e rs A u th o riz e d to Cast V o te A nah uac N a tio n a l B a n k ............................................ The F irs t N a tio n a l B ank o f A n d e r s o n ................. F irs t N a tio n a l Bank o f A n d r e w s ........................... T h e F irs t N a tio n a l B ank o f A n n a ........................... The F irs t N a tio n a l B ank o f A n s o n ........................ A rlin g to n N a tio n a l B ank ........................................ T h e M e tro p le x N a tio n a l B ank in A rlin g to n , . . F irs t C ity B ank—C entral A rlin g to n , N a tio n a l A s s o c ia tio n ..................................... The F irs t N a tio n a l B ank o f A s p e r m o n t .............. T he F irs t N a tio n a l B ank o f A th e n s ........................ T he A tla n ta N a tio n a l B a n k ..................................... The F irs t N a tio n a l B ank o f A t l a n t a .................... Chase N a tio n a l B a n k .................................................. C o m m u n ity N a tio n a l B a n k ..................................... R e p u b lic N a tio n a l B ank o f A u s t i n ....................... . . C hairm an, P resident, V ice President and Cashier U n io n N a tio n a l B ank ............................................... Western N ation al Bank ........................................... T h e F irs t N a tio n a l B ank o f B a ir d ........................... The F irs t N ation al B ank o f B a llin g e r................. ... The F irs t N a tio n a l B ank o f B a n d e r a .................... F irs t S tate B a n k ......................................................... T h e F irs t N a tio n a l B ank o f B a s t r o p .................... Texas N a tio n a l Bank o f B a y to w n ........................ C itizens N a tio n a l Bank o f B eau m ont ................. G atew ay N a tio n a l B ank o f B e a u m o n t................. F irs t C ity B ank—B ellaire, N .A .................................. T h e F irs t N a tio n a l B ank o f B e l l s ........................... The F irs t N a tio n a l B ank in B e l t o n ........................ The Peoples N a tio n a l B ank o f B e l t o n ................. The B lanco N a tio n a l B ank ..................................... First N a tio n a l Bank in Bogata .............................. The F irs t N a tio n a l B ank o f B o n h a m .................... B ow ie N a tio n a l Bank ............................................... The F irs t State B a n k .................................................. The B rady N ation al B a n k ........................................ The C om m ercia l N a tio n a l B ank o f B rad y . . . . C itizens N a tio n a l B ank o f B re c k e n rid g e .............. F irs t N a tio n a l B ank in B re c k e n rid g e .................... T h e Brenham N a tio n a l B a n k .................................. T h e F irs t N a tio n a l B ank o f B rid g e p o rt .............. . . . . C hairm an, P resident, V ice P resident, Cashier F irs t N a tio n a l B ank in B ro n te .............................. B ro w n s v ille N a tio n a l B ank ..................................... N a tio n a l B ank o f C om m erce o f B ro w n sville . . C itizens N a tio n a l Bank at B ro w n w o o d .............. F irs t N a tio n a l B ank in B u r k b u r n e t t .................... Th e F irs t N a tio n a l Bank o f Byers ....................... The F irs t N a tio n a l Bank o f B y n u m .................... The S tate N a tio n a l Bank o f C addo M ills .............. C aldw ell N a tio n a l B a n k ............................................ F irs t N a tio n a l Bank in C a m e r o n ........................... T he F irs t N a tio n a l B ank o f C anton .................... The F irs t N a tio n a l B ank o f C e le s te ........................ First N a tio n a l Bank in C e n te r.................................. T h e F irs t N a tio n a l Bank in C h ild re s s .................... T h e F irs t N a tio n a l B ank o f C h i l l i c o t h e ............. F irs t N a tio n a l B ank in C i s c o .................................. T h e Farm ers S tate B ank and T ru s t C o m p a n y o f C larendon, C lare ndo n, Texas F irs t N a tio n a l B ank In C la rk s v ille ........................ Red R iver N a tio n a l B ank In C l a r k s v i l l e .............. The F irs t N a tio n a l B ank o f C la u d e ....................... C hem ical N a tio n a l B a n k ............................................ F irs t C olem an N a tio n a l B a n k .................................. U n iv e rs ity N ation al B ank o f C ollege S ta tio n . . F irs t S e c u rity Bank o f C o lle y v ille , N .A ................. The C ity N a tio n a l B ank o f C o lo ra d o C ity . - . . The C om anche N a tio n a l B a n k .............................. The F irs t N a tio n a l B ank o f c o m m e rc e .............. The F irs t N a tio n a l B ank in C o o p e r........................ Nueces N a tio n a l B a n k ............................................... Corsicana N a tio n a l B ank ........................................ S tockm ens N ation al Bank in C o t u lla .................... C itizens N a tio n a l Bank o f C r o s b y t o n ................. C row ell State B a n k ...................................................... The F irs t N ation al B ank o f C u s h in g .................... The N a tio n a l B ank o f D a in g e rfie ld ........................ F irs t N a tio n a l B ank in D a l h a r t .............................. Texas C om m erce B ank — Casa L in d a , N a tio n a l A s so cia tio n 6 .............................. GROUP 3 — Continued TEXAS - Continued L o c a tio n Dallas D a rro u z e tt D awson D ecatur Del Rio D enton D e p o rt D u b lin Dumas Eagle Lake Eastland E dgew ood E d in b u rg E| Cam po El Paso El Paso El Paso El Paso E ld o ra d o E m o ry E vant Fabens F a irfie ld F a lfu rria s Falls C ity F a rm e rsville F e rris F lo re sville Flo ydada F o lle tt F o rne y F o rt Bend C o u n ty F o rt S to c k to n F o rt W orth F o rt W o rth F ra n k lin G alveston G alveston G arland G atesville George West G eo rge tow n G ilm e r G len Rose G oliad G onzales G o rd o n G orm an G ra fo rd Graham G ra n b u ry G rand Prairie G rand Saline G ranger G ranger G room Hale C enter H a lle tts v ille H a m ilto n H a m ilto n H a m lin H arlingen H arris C o u n ty H arris C o u n ty Haskell H e b b ro n v iile H e n rie tta H ico H iggins H ills b o ro H o lla n d H ondo H ouston H ouston H ouston H ouston H ouston H ouston Hughes Springs H u m b le O ffic e rs A u th o riz e d to Cast V o te N am e o f B ank o r T ru s t C om p any .................................................. C hairm an, P resident, V ic e P resident ..................................C hairm an , P resident, V ice P resident, Cashier .................................................. C hairm an , P resident, V ice President ........................... C hairm an , P resident, V ic e P resident, Cashier .............................. C hairm an, P resident, V ic e P resident, Cashier ............................................V ice P resident, Cashier .................................................. President ..................................C hairm an , P resident, V ic e P resident, Cashier T h e Falls C ity N a tio n a l B a n k ........................................ F irs t N a tio n a l B ank at F a r m e r s v ille ........................... Farm ers & M erchants S tate B a n k .................................. F irs t C ity N a tio n a l B ank o f F lo re s v ille .................... . . . . T h e F irs t N a tio n a l B ank o f F l o y d a d a ........................ T h e F o lle tt N a tio n a l B ank ............................................ T h e Farm ers N a tio n a l Bank o f F o rn e y .................... Sugar C reek N a tio n a l B a n k ............................................ C hairm an , P resident, V ic e P resident, H o n o ra ry V ic e P resident, Cashier T h e F irs t N a tio n a l B ank o f F r a n k lin ........................... B ank o f G alve ston, N a tio n a l A s s o c ia t io n ................. U n iv e rs ity N a tio n a l B a n k ............................................... A m e rica n N a tio n a l B ank o f G a r la n d ........................... T h e N a tio n a l B ank o f G a t e s v ille .................................. .............................................................C hairm an , P resident, V ic e P resident, Cashier T h e F irs t N a tio n a l B ank o f G e o rg e to w n .................... T h e F irs t N a tio n a l B ank o f G ilm e r .............................. T h e F irs t N a tio n a l B ank in G len R o s e ........................ T h e F irs t N a tio n a l B ank o f G o lia d .............................. T h e F irs t N a tio n a l B ank o f Gonzales ........................ T h e F irs t N a tio n a l B ank o f G o r d o n ........................... T h e F irs t N a tio n a l B ank o f G o r m a n ........................... F irs t N a tio n a l B ank, G r a f o r d ........................................ .................................................................................................................................. President F irs t N a tio n a l B ank in G r a h a m ..................................... T h e F irs t N a tio n a l B ank o f G r a n b u r y ........................ N a tio n a l B ank o f G rand P r a ir ie ..................................... F irs t N a tio n a l B ank o f G rand S a lin e ........................... T h e F irs t S tate B a n k ......................................................... T h e G ranger N a tio n a l B a n k ............................................ The S tate N a tio n a l B ank o f G ro o m ........................... T h e F irs t N a tio n a l B ank o f Hale C e n t e r .................... F irs t N a tio n a l B ank o f H a lle tts v ille ........................... F irs t N a tio n a l B ank o f H a m ilt o n .................................. T h e H a m ilto n N a tio n a l B a n k ........................................ Th e Farm ers & M erchants N a tio n a l B ank o f H a m lin Plaza N a tio n a l B a n k ......................................................... C o lo n ia l N a tio n a l B a n k .................................................. F irs t N a tio n a l B ank o f S ta ffo rd .................................. Haskell N a tio n a l B a n k ...................................................... T h e F irs t N a tio n a l B ank o f H e b b r o n v iile ................. T h e F irs t N a tio n a l B ank o f H e n r i e t t a ........................ T h e F irs t N a tio n a l B ank o f H i c o .................................. F irs t N a tio n a l B ank in H i g g i n s ..................................... T h e C itizens N a tio n a l B ank o f H ills b o ro ................. T h e F irs t N a tio n a l B ank o f H o l l a n d ........................... T h e H o n d o N a tio n a l B ank ............................................ Braes B ayou N a tio n a l B a n k ............................................ F irs t C ity B ank — In w o o d Forest, N a tio n a l A s s o c ia tio n .................................................................................................... C hairm an , P resident In w o o d C om m erce B ank, N .A ........................................ M a dison-S o uthe rn N a tio n a l B ank .............................. R iverside N a tio n a l B ank o f H o u s t o n ........................... S o u th L o o p N a tio n a l B a n k ............................................ T h e F irs t N a tio n a l B ank o f Hughes S p r in g s .............. A llie d H u m b le B ank, N .A ................................................. 7 GROUP 3 — Continued TEXAS — Continued L o c a tio n H u m b le Ingleside Iow a Park Irving Itasca Jacksboro Jacksboro Jasper Jefferson Joshua J u n c tio n J u n c tio n Karnes C ity K a ty K aufm an Kem p K enedy K e rm it K ingsville K o u n tze Kress La Coste La Ferla La Grange La M arque La Porte Ladonia Lake Jackson Lampasas Leonard Lin d e n Lip a n L ittle fie ld L o c k h a rt Lockney L u fk in L u lin g M arfa M a rlin M art M a rt Mason M a ta d o r M athis M cA lle n M cA lle n McG regor M c K in n e y M cLean M elvin M em phis Menard Mercedes Merkel M e rtzon Mesquite Mexia M id lo th ia n M ineola M ineral Wells M onahans M o n tg o m e ry C o u n ty M oody M oran M o u n t Calm M o u n t Pleasant M o u n t V ern on M unday Naples Navasota New B oston New B raunfels N ew castle N e w to n N ocona N ocona N ord h e lm O 'D o n n e ll Oak H ill O lney Name o f B ank o r T ru s t C o m p a n y O ffic e rs A u th o riz e d t o Cast V o te F irs t N a tio n a l B ank o f I n g le s id e ............................................... . . . C hairm an, P resident, V ic e P resident, Cashier, o r any o th e r o ffic e r Th e S tate N a tio n a l B ank o f Iow a P a rk ..................................... ...............................................C hairm an, President, V ic e President, Cashier T he F irs t N ation al Bank o f J a c k s b o r o ..................................... ................................................................... C hairm an, V ic e President, Cashier The F irs t N a tio n a l B ank In J o s h u a ............................................ ................................................................................ W. D on S tand ley, President T h e Karnes C o u n ty N ation al B ank o f Karnes C i t y ............. K a ty N a tio n a l B a n k ...................................................................... F lrs t-N ic h o ls N a tio n a l B ank o f K e n e d y ................................. F irs t N a tio n a l B ank o f K e r m i t .................................................. Kress N a tio n a l B ank ....................................................................... T h e F irs t N a tio n a l B ank o f La F e r i a ........................................ T h e F irs t N a tio n a l B ank o f La G ra n g e ..................................... B ayshore N a tio n a l B ank o f La P o r t e ........................................ Farm ers & M erchants S tate B a n k ............................................... Th e F irs t N a tio n a l Bank o f L in d e n ............................................ F irs t-L o c k h a rt N a tio n a l B a n k ...................................................... The F irs t N a tio n a l B ank in L u l i n g ............................................ The M arfa N a tio n a l B a n k ............................................................ ............. C hairm an, P resident, V ice P resident, Cashier, A ssistant Cashier M a rlin N a tio n a l B a n k ................................................................... T h e Farm ers and M erchants N a tio n a l Bank o f M a rt . . . . T h e F irs t N a tio n a l B ank o f M a r t ............................................... The Mason N ation al B a n k ............................................................ The F irs t State Bank o f M a t a d o r ............................................... M e tro p o lita n N a tio n a l B ank ...................................................... The V a lle y N ation al B a n k ............................................................ C entral N ation al Bank o f M c K in n e y ........................................ A m erica n N ation al B ank in M c L e a n ........................................ R anchlander N a tio n a l B a n k ......................................................... The F irs t N ation al B ank o f M e m p h i s ..................................... T h e F irs t N a tio n a l Bank o f M e r c e d e s ..................................... T h e Farm ers and M erchants N a tio n a l Bank o f M erkel . . . The F irs t N a tio n a l Bank o f M e r t z o n ........................................ The First N a tio n a l Bank o f M esquite ..................................... F irs t N a tio n a l Bank o f M e x ia ...................................................... F irst N a tio n a l Bank in M id l o t h i a n ........................................... Th e F irs t N a tio n a l Bank o f M i n e o l a ........................................ T h e C ity N ation al Bank o f M ineral W e l l s .............................. F irst N a tio n a l Bank o f M onahans ........................................... M o n tg o m e ry C o u n ty B ank, N a tio n a l A s s o c ia t io n .............. T h e F irs t N a tio n a l Bank o f M o o d y ............................................ T h e M o ran N a tio n a l B ank . ......................................................... The F irs t N a tio n a l Bank in M o u n t C a lm .................................. T h e F irs t N a tio n a l B ank In M o u n t P le a s a n t........................... T h e F irs t N a tio n a l Bank o f M o u n t V e r n o n ........................... F irs t N a tio n a l B ank in M u n d a y .................................................. The M o rris C o u n ty N a tio n a l Bank o f N a p le s ....................... The F irs t N a tio n a l Bank o f Navasota ..................................... T h e F irs t N a tio n a l Bank o f New B o s to n .................................. N ew B rau nfels N a tio n a l B a n k ...................................................... Farm ers N a tio n a l Bank o f N ew castle ..................................... A llie d F irs t N a tio n a l B ank ......................................................... T h e Farm ers and M erchants N a tio n a l B ank o f N ocona . . F irs t N a tio n a l B ank o f N o c o n a .................................................. The F irs t N a tio n a l B ank o f N o r d h e lm ..................................... T h e F irst N a tio n a l B ank o f O ’ D o n n e ll..................................... Oak H ill N a tio n a l B a n k ................................................................ T h e F irst N a tio n a l Bank o f O l n e y ............................................ 8 GROUP 3 — Continued TEXAS - - Continued L o c a tio n Paducah Palestine Palestine Palestine Panhandle Pasadena Pearland P e rry to n P e rry to n P ilo t P oint P ittsburg Post Poth Quanah Quanah Q ulta que Q u itm a n Ralls R ankin R hom e R ichardson R ich m o n d R ich m o n d R ocksprlngs R o ckw a ll R o ckw a ll Rosebud Rosebud Rosenberg R otan R ound R ock Row ena Royse C ity Rule S aint Jo San A n g e lo San A n to n io San A n to n io San A n to n io San A n to n io San A n to n io San A n to n io San A u g u stin e San M arcos San M arcos San Saba San Saba Sanger Santa A n n a S anto S chulenburg Seguin Seguin S e ym o u r S e ym o u r S h a m ro ck S h in e r Snook Sonora S ta m fo rd S te ph enville S te rlin g C ity S tin n e tt Sudan S u lp h u r Springs S u lp h u r Springs T a ft Tahoka Teague T h ro c k m o rto n T o m Bean T re n to n T r in ity T y le r T y le r V a lle y M ills V a lle y V ie w Van A ls ty n e V an H o rn V e rn o n O ffic e rs A u th o riz e d t o Cast V o te N am e o f B ank o r T ru s t C om p any T h e East Texas N a tio n a l B ank o f Palestine . . . , T h e R o y a ll N a tio n a l B ank o f P alestine ............. ............................................... C hairm an, President, V ic e President Pasadena N a tio n a l B a n k ............................................ T h e F irs t N a tio n a l B ank o f Q ultague ................. .............................. C hairm an , P resident, V ic e P resident, Cashier S e c u rity State B ank & T ru s t C o m p a n y ............. Th e F irs t N a tio n a l B ank in R h o m e ....................... C anyo n C reek N a tio n a l B a n k .................................. T h e F irs t N a tio n a l B ank o f R ic h m o n d ................. T h e F o rt Bend N a tio n a l B ank o f R ic h m o n d . . Peoples S tate B a n k ........................................................ Lakeside N a tio n a l B a n k ............................................ R o c k w a ll B ank, N a tio n a l A s s o c ia t io n ................. T h e F irs t N a tio n a l B ank o f R o s e b u d .................... .. T h e F irs t N a tio n a l B ank o f R o s e n b e rg ................. C itiz e n s S tate B ank .................................................. T h e Farm ers N a tio n a l B ank o f R ule, Texas . . . . West Side N a tio n a l B ank o f San A n g e lo ................ C itizens N a tio n a l B ank o f San A n t o n i o .............. C om m erce N o rth B ank N a tio n a l A s s o cia tio n . . . La c k la n d N a tio n a l B ank o f San A n to n io . . . . .............................. C hairm an , P resident, V ic e P resident, Cashier T h e F irs t N a tio n a l B ank o f San A u g u s tin e . . . , T h e F irs t N a tio n a l B ank o f San M a r c o s ............. Hays C o u n ty N a tio n a l B ank .................................. T h e C ity N a tio n a l B ank o f San S a b a .................... .. T h e San Saba N a tio n a l B a n k .................................... T h e F irs t N a tio n a l B ank o f S a n t o ........................ T h e F irs t N a tio n a l B ank o f S e g u in ........................ Th e N o lte N a tio n a l B a n k o f S e g u i n .................... .. T he F irs t N a tio n a l B ank o f S e y m o u r ................... T h e F irs t N a tio n a l B ank o f S h a m r o c k ................. T h e F irs t N a tio n a l B ank o f S h i n e r ....................... .. F irs t B ank o f S n o o k .................................................. T h e F irs t N a tio n a l B ank o f S o n o ra .......................... .............................. C hairm an , P resident, V ic e P resident, Cashier F a rm e rs-F lrst N a tio n a l B ank o f S te p h e n ville . . , T h e F irs t N a tio n a l B ank o f S te rlin g C ity . . . . , T h e F irs t N a tio n a l B ank o f S u d a n .......................... T h e C ity N a tio n a l B ank o f S u lp h u r S prings . . . . Peoples N a tio n a l B ank o f S u lp h u r S prings . . . . T h e F irs t N a tio n a l B ank o f T a f t .............................. T h e F irs t N a tio n a l B ank o f T a hoka ....................... F irs t N a tio n a l B ank o f T e a g u e ................................. T h e F irs t N a tio n a l B ank o f T h ro c k m o rto n . . . . T h e F irs t N a tio n a l B ank o f T o m B e a n .................... T h e F irs t N a tio n a l B ank o f T r e n t o n ....................... T h e F irs t N a tio n a l B a n k o f T r i n i t y ........................... H erita ge N a tio n a l B a n k ............................................... N a tio n a l S e c u rity B a n k ............................................... F irs t N a tio n a l B ank in V a lle y M ills ........................... T h e V a lle y V ie w N a tio n a l B a n k .............................. T h e F irs t N a tio n a l B ank o f V an A ls ty n e ............. V an H o rn S tate B ank o f V a n H o rn , Texas . . . . T h e H e rrin g N a tio n a l B ank o f V e r n o n ................................................................................................................ P resident, V ic e P resident, Cashier 9 GROUP 3 — Continued TEXAS L o c a tio n — Continued O ffic e rs A u th o riz e d to Cast V o te N am e o f B ank o r T ru s t C om p any W aco Waco W axahachle W axahachle W e a th e rfo rd W e llin g to n West West C o lu m b ia West U n iv e rs ity Place W heeler W hitehouse W h ite sb o ro W h ite w rig h t W h itn e y W ic h ita Falls W ills P oint W innsbo ro W olfe C ity W ood sboro W ortham Y o rk to w n Zapata .............................. C hairm an , P resident, V ic e P resident, Cashier ........................... C hairm an, P resident, V ic e P resident, Cashier T h e F irs t N a tio n a l B ank o f W in n s b o ro ............................................... .. T h e W o lfe C ity N a tio n a l B ank In W o lfe C i t y ........................................ .................................................. C hairm an, President, V ic e President Directors of the Federal Reserve Bank of Dallas As of March 2, 1979 Lewis H. Bond . Elected b y b anks in G roup O ccupation Nam e . . . . . Clati Term E xp ire s Dec. 31 1 A 1981 Chairman of the Board and Chief Executive O fficer, Texas Am erican Bancshares Inc., Fort W orth, Texas Frank J u n e ll................................ . . Chairman of the Board, The Central National Bank of San Angelo, San Angelo, Texas 2 A 1980 G ene . . President, The First National Bank of Seymour, Seymour, Texas 3 A 1979 . . Chairman of the Board and Chief Executive O fficer, Foley's, Division of Federated 1 B 1979 2 B 1981 3 B 1980 C 1980 Appointed by the Board o f Governors of the Federal Reserve System C 1981 Appointed by the Board of Governors of the Federal Reserve System C 1979 D. Adams Stewart Orton . . . . . . . Department Stores, Inc., Houston, Texas J . W ayland Bennett. . . . . Associate Dean for Industry Relations and Professor of Agricultural Economics, College of Agricultural Sciences, Texas Tech University, Lubbock, Texas [ V a c a n c y ] ................................ Irving A . Mathews . Chairman . . . . Chairman of the Board and C hief Executive O fficer, Frost Bros., Inc., San Antonio, Texas G erald D. Hines . . . Deputy Chairman M argaret S. W ilson . . . . . O wner, G erald D. Hines Interests, Houston, Texas . . Chairman of the Board and C hief Executive O fficer, Scarbroughs Stores, Austin, Texas 10 Appointed by the Board of Governors of the Federal Reserve System
@FedFRASER