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Fe d e r a l R e s e r v e Ba n k o f S t . Lo u is P. O. BOX 4 4 2 S t . Lo u i s , Mi s s o u r i 6 3 1 6 6 E L E C T IO N O F D IR E C T O R S N O M IN A T IO N PROCEDURES September 8 ,1 9 7 8 T o th e M e m b e r B a n k s o f th e E ig h th F e d e ra l R e se rve D is tr ic t: A n election will be held under the provisions of Section 4 of the Federal Reserve A c t to choose successors to the following directors of this bank, whose terms expire December 3 1 ,1 9 7 8 : Class A Director, Wm. E. Weigel Executive Vice President and Chief Executive Officer First National Bank and Trust Company Centralia, Illinois Class B Director, To m K. Smith, Jr. Senior Vice President Monsanto Company St. Louis, Missouri Mr. Wm. E. Weigel, Class A Director, was elected by banks in Group 2, and his successor will be chosen by banks in this group. Group 2 consists of banks having capital and surplus of over $1,000,000, but under $4,000,000. Mr. Weigel, who has served as a Class A Director since January 1 ,1 9 7 3 , has respectfully requested that his name not be placed in nomination for reelection. Mr. To m K. Smith, Jr., who has served as a Class B Director since November 6, 1974, was elected by banks in Group 1, and his successor will be chosen by banks in this group. Group 1 consists of banks having capital and surplus of $4,000,000 and over. The banks comprising Groups 1 and 2 are listed on the following pages. The group in which a member bank will be entitled to vote will be determined by its class ification 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 and each bank in Group 2 is permitted to nominate one candidate for Class A Director.* The nominations must be made by resolution of the Board of Directors and certified to me on or before October 6, 1978. A form for this purpose is enclosed. O n October 13,1978, a list of the candidates (indicating by whom nominated) and a preferential ballot will be mailed to each bank in the voting groups. The ballot must be cast within fifteen days after receipt. The polls will open at 9 a.m. on October 17, 1978, and close at 2 p.m. on November 1, 1978. A t that time the ballot box will be opened in the Board Room of this bank, the votes counted and 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. 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. Inasmuch as the authority conferred on these officers continues until revoked, they need not be reappointed. 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 authorization, should do so by res olution of its Board of Directors and certify the appointment to me before the polls close. A form for this purpose will be furnished upon request. While the banks in Group 3 will not vote in this election, this circular is sent to them without forms for their information. Very truly yours, A R M A N D C. S T A L N A K E R Chairman of the Board * Section 4 of the Federal Reserve A ct contains the following provisions: "Class A shall consist of three members, who shall be chosen by and be representative of the stock-holding banks." "N o officer or director of a member bank shall be eligible to serve as a Class A director unless nominated and elected by banks which are members of the same group as the member bank of which he is an officer or director." "A n y person who is an officer or director of more than one 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 aggregate resources of any of those of which such person is an officer or director." "N o director of Class B shall be an officer, director, or employee of any bank." "N o 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." Section 4 of the Federal Reserve A ct, as amended by the Federal Reserve Re form A ct of 1977, provides that Class B shall consist of three members, who shall be chosen to represent the public and be elected "w ith due but not excusive consider ation to the interests of agriculture, commerce, industry, services, labor, and con sumers." On June 2, 1978 the Board of Governors restated its long-standing policy that activity which might be interpreted as associating the Federal Reserve with any polit ical party or political activity is inconsistent with service as a bank director. -2 - GROUP 1 Consisting of member banks having capital and surplus of $4,000,000 and over. Banks in this group elect one Class B Director A R K A N SA S C IT Y NAM E O F BAN K V O T IN G O F F IC E R El Dorado....................................Th e First National Bank of El D o r a d o .............................................. Chairman, President, Vice President or Cashier Fort S m it h ................................The City National Bank of Fort S m it h ...............................................President Fort Smith ................................ Th e First National Bank of Fort S m it h ..............................................Chairman, President, Vice President or Cashier Fort S m it h ................................ Th e Merchants National Bank of Fort S m ith .................................... Chairman, President, Vice President or Cashier Hot Springs................................Arkansas Bank and Trust C o m p a n y ..................................................... Chairman, Vice Chairman, President, Vice President or Cashier Hot Springs................................ First National Bank of Hot S p rin g s ......................................................Chairman, President, Vice President or Cashier Little R o c k ................................ Th e Commercial National Bank of Little Rock..................................Chairman, Vice Chairman, President, Executive Vice President, Vice President or Cashier Little R o c k ................................ Th e First National Bank in Little R o c k ............................................... Chairman, President or Cashier Little R o c k ................................ Union National Bank of Little R o c k ...................................................Chairman, President, or Executive Vice President Little R o c k ..................................Worthen Bank & Trust Company, National Association................. Chairman, Vice Chairman or President Pine B lu ff................................... National Bank of Commerce of Pine B lu f f ........................................ President or Vice President Pine B lu ff................................... Simmons First National Bank of Pine Bluff........................................ Chairman, President, Vice President or Cashier T e x a rk a n a ................................ The State First National Bank of Texarkana....................................Chairman, President, Vice President or Cashier ILLIN O IS B e lle ville ................................... Belleville National Savings Bank . B e lle ville................................... First National Bank of Belleville. Granite C i t y .............................First-Granite City National Bank. Ja c k so n v ille .............................Elliott State B a n k ............................ Chairman, President, First Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President or Cashier Chairman, President, Vice President or Cashier IN D IA N A Evansville................................... Th e Evansville................................... Th e Evansville................................... Old Vincennes................................... Th e Citizens National Bank of Evansville. . National City Bank of Evansville . . . . National Bank in Evansville..................... American National Bank of Vincennes. Chairman, Chairman, Chairman, Chairman, President, President, President, President, Vice Vice Vice Vice President President President President or or or or Cashier Cashier Cashier Cashier K E N TU CK Y Elizabethtown Hopkinsville . Louisville. . . Louisville . . Louisville. . Louisville . . Louisville. . Owensboro. Paducah. . . . . . . . . First Hardin National Bank & T ru s t...................................................President and Chief Executive Officer Planters Bank & Trust C o ......................................................................Chairman, President, Vice President or Cashier Citizens Fidelity Bank and Trust Company...................................... Chairman, Vice Chairman, President, Vice President or Cashier First Kentucky Trust C o m p a n y ........................................................... Chairman, President, Vice President or Cashier First National Bank of Louisville........................................................... Chairman, President, Vice President or Cashier Liberty National BanKand Trust Company of Louisville.............Chairman, President, Vice President or Cashier Louisville Trust Bank, Inc....................................................................... Chairman, President, Vice President or Cashier Th e Owensboro National Bank...............................................................Chairman, President, Vice President or Cashier The Peoples First National Bank & Trust Company of Paducah . President or Vice President MISSISSIPPI Columbus Greenville First-Columbus National Bank............. Th e First National Bank of Greenville Chairman, President, Vice President or Cashier President, Vice President or Cashier MISSISSIPPI (Continued) C IT Y NAME OF BANK V O T IN G O F F IC E R Starkville................................... National Bank of Commerce of Mississippi...................................... Chairman, Vice Chairman, Chairman of Executive Committee, President, Vice President or Cashier T u p e l o ...................................... First Citizens National B a n k .................................................................. Chairman, President, Vice President or Cashier MISSOURI Affton . . C olum bia. Lemay. . . St. Louis . St. Louis . St. Louis . St. Louis . G ravoisBank..................................................................... . Th e Boone County National Bank of Columbia • • Lemay Bank and Trust C o m p a n y ............................... . Th e Boatmen's National Bank of St. Louis............. • Commerce Bank of St. Louis, National Association. First National Bank in St. Lo uis................................ .. Chairman, President, Vice President or Chairman, President, Vice President or President or Vice President Chairman, President, Vice President or Chairman, President, Vice President o r Chairman, President or Executive Vice Lindell Trust C om pany.................................................. St. St. St. St. St. . . . . . Manchester Bank of St. L o u is ....................................... Manufacturers Bank & Tru st Company of St. Louis. Mercantile Tru st Company National Association . . Southwest Bank of St. Louis...................................... .. Tow er Grove Bank and Trust Company................... .. Springfield Boatmen's Union National Bank................................ .. President, Executive Vice President or Vice President Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President or Senior Vice President Chairman, President, Vice President or Cashier Chairman, President, Executive Vice President, Vice President or Cashier Chairman, President, Vice President or Cashier Louis Louis Louis Louis Louis Cashier Cashier Cashier Cashier President TEN N ES S EE Dyersburg................................... First-Citizens National Bank of Dyersburg........................................... Chairman, President, Vice President or Cashier M e m p h is ................................... Commerce Union Bank of M e m p h is .....................................................Chairman, President, Vice President or Cashier M e m p his................................... First Tennessee Bank N .A ........................................................................ Chairman, President, Executive Vice President or Cashier M e m p h is................................... National Bank of Com m erce.................................................................... Chairman, President, Vice President or Cashier M e m p h is................................... Union Planters National Bank of Memphis........................................... Chairman, President, Vice President or Cashier -4 - GROUP 2 Consisting of member benks having capital and surplus of over $1,000,000, but under $4,000,000. Banks in this group elect one Class A Director A R K A N SA S C IT Y V O T IN G O F F IC E R NAM E OF BANK Batesville............. Batesville............. Berry ville............. Blytheville . . . . Blytheville . . . . B r in k le y ............. C a m d e n ............. Conway . . . . . Crossett ................ D eQ ueen............. El Dorado . . . . Fayetteville . . . Fayetteville . . . Th e Citizens Bank................................................................................... First National B ank............................................................................... Th e First National Bank of B e rry v ille ............................................. Th e Farmers Bank & Trust C o ............................................................. The First National Bank in B lytheville............................................. First National Bank of B rin k le y......................................................... First National Bank of C a m d e n ......................................................... Th e First National Bank of C onw ay................................................... First National Bank of Crossett......................................................... The First National Bank of DeQ ueen................................................ National Bank of Commerce of El D o r a d o ................................... Th e First National Bank of F a ye tte ville ......................................... M cllroy Bank & T r u s t............................................................................ Fayetteville . . . Forrest City . . . Green Forest. . . H a rris o n ............. H e le n a ................ Northwest National Bank...................................................................... First National Bank of Eastern Arkansas.......................................... Th e First National Bank in Green Forest.......................................... Th e First National Bank in H a rris o n ................................................ First National Bank of Phillips C o u n ty ............................................. H e le n a ................ H o p e ................... H o p e ................... Hot Springs. . . . Huntsville . . . . Little R ock. . . . M agnolia............. Mountain Home . N ashville............. North Little Rock Osceola................ Paragould............. Russellville . . . . Russellville . . . . Searcy................... Siloam Springs. . Springdale . . . . S tu ttg a rt............. Texarkana . . . . Helena National Bank............................................................................ Th e Citizens National Bank of Hope ................................................ Th e First National Bank of H o p e ...................................................... Grand National B a n k ............................................................................ Th e First National Bank of Huntsville.............................................. Metropolitan National B a n k ................................................................ First National Bank of Magnolia......................................................... First National Bank & Trust Co. of Mountain H o m e ................... Th e First National Bank of Nashville................................................ First American National B a n k ......................................................... First National Bank in Osceola............................................................ First National B a n k ............................................................................... First National Bank of R ussellville................................................... Peoples Bank and Trust C o m p a n y ................................................... First National B a n k ............................................................................... First National B a n k ............................................................................... Th e First National Bank of Springdale............................................ First National Bank in Stuttgart......................................................... Commercial National Bank of Texarkana......................................... First National Bank of Lawrence County at Walnut R idge. . . . First National Bank in West Memphis................................................ Th e First National Bank of Wynne ................................................... Walnut Ridge . . West Memphis . . W y n n e ................ Chairman, Chairman, Chairman, Chairman, Chairman, Chairman, Chairman, President Chairman, President, Vice President, Vice President, Vice President, Vice President, Vice President, Vice President, Vice President or President or President or President or President or President or President or Cashier Cashier Cashier Cashier Cashier Cashier Cashier President, Vice President or Cashier President President, Vice President or Cashier Chairman, President, Vice President, Cashier or Trust Officer Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, Vice Chairman, President, Vice President or Cashier Chairman, President, Vice Presidentor Cashier Chairman, President, Vice President or Cashier President Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President President or Cashier Chairman, President, Vice President or Cashier President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President or Executive Vice President Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President ILLIN O IS A lt o n ......................................... First National Bank & Trust C o m p a n y ............................................... Chairman, President, Vice President or Cashier Carbondale................................First National Bank and Trust C o m p a n y ............................................Chairman, President, Vice President or Cashier Carlinville................................... Th e Farmers & Merchants National Bankof Carlinville....................Chairman, President, Vice President or Cashier C e n tra lia ................................... First National Bank and Trust C o m p a n y ............................................Chairman, President, Vice President or Cashier C e ntra lia................................... The Old National Bank of Centralia..................................................... President, Vice President or Cashier Chester...................................... Buena Vista National Bank of Chester................................................Chairman, President, Vice President or Cashier D u Q u o in ................................... DuQuoin State B a n k ...............................................................................Chairman, President, Vice President or Cashier East St. L o u is ..........................First National Bank at East St. L o u is .................................................. Chairman, President, Vice President or Cashier Edw ardsville.............................Th e Bank of Edwardsville.......................................................................... Chairman, President, Vice President or Cashier Edw ardsville.............................Edwardsville National Bank and Trust C o m p a n y ............................ President E ffin g h a m ................................Effingham State Bank...............................................................................Chairman, President, Vice President, Cashier or Assistant Cashier -5 - IL L IN O IS (Continued) C IT Y V O T IN G O F F IC E R NAME OF BANK Effingham . Fairfield . . Harrisburg . Highland . . Hillsboro. . Hillsboro. . Jacksonville Newton. . . O'Fallon . . O ln e y. . . . . . . . Th e First National Bank of Effingham ............................. The Fairfield National B ank................................................ Th e First National Bank of Harrisburg............................. The First National Bank of Highland................................ The Hillsboro National B a n k .............................................. Montgomery County National Bank . . .......................... First National Bank of Jacksonville................................... Th e First National Bank in Newton................................... The First National Bank of O 'F a llo n ................................ First National Bank in O ln e y .............................................. The First National Bank of Pittsfield................................ Th e First National Bank and Trust Company of Quincy Th e First National Bank in R o b in s o n ............................. Th e Salem National B a n k ................................ ................... Steeleville . Vandalia . . Wood River. First National Bank of Steeleville...................................... Th e Farmers and Merchants Bank of Vandalia*............. Th e First National Bank of Wood R iv e r .......................... Pittsfield. Quincy . . Robinson Salem. . . Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier President, Vice President o r Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President, Cashier or Assistant Cashier Chairman, President, Vice President o r Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier IN D IA N A Bedford • • • Bedford . . . Boonville. . . Cannelton . . Charlestown . French Lick . Huntingburg . Mount Vernon Petersburg . . Princeton. . . Salem ............. Scottsburg . . Sellersburg . . Seymour . . . Tell City . . . Tell City . . . Washington. . Th e Bedford National B a n k ...................................... Th e Citizens National Bank of Bedford................... Warrick National Bank of Boonville......................... First-Cannelton National B a n k ................................. First Bank of Charlestown......................................... Th e Springs Valley National Bank............................. Th e First National Bank of H u n tin b u rg ................ Th e Posey County National Bank, Mount Vernon The Citizens State Bank of Petersburg................... Th e Farmers National Bank of Princeton................ Th e State Bank of Salem ............................................ Th e Scott County State B a n k ................................... Sellersburg State B a n k ............................................... Th e Seymour National Bank................................... .. Th e Citizens National Bank of Tell C i t y ................ Th e Tell C ity National B a n k ...................................... Th e Peoples National Bank and Tru st Company of W ashington........................................... Chairman, President, Vice President or Cashier President or Cashier Chairman, President, Vice President o r Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier President or Cashier President or Cashier Chairman, President, Vice President or Cashier Vice President or Cashier Chairman, President, Vice President or Cashier Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier K E N TU CK Y Bowling G re e n......................... Th e American National Bank and Trust Company of Bowling G r e e n ................................................................Chairman, President, Vice President or Cashier Bowling G reen..........................Th e Citizens National Bank of Bowling G reen.................................. Chairman, President, Vice President or Cashier Campbellsville..........................Citizens Bank & Trust Com pany............................................................ Chairman, President, Vice President or Cashier Danville...................................... Th e Citizens National Bank of Danville................................................. Chairman, President, Vice President or Cashier Danville...................................... Th e Farmers National Bank of Danville................................................. President, Vice President or Cashier Fort K n o x ................................ Fort Knox National B a n k ......................................................................Chairman, President, Vice President or Cashier Glasgow...................................... Th e New Farmers National Bank of G lasg ow ................................... Chairman, President, Vice President or Cashier Henderson................................ Ohio Valley National Bank of Henderson.............................................. Chairman, President, Vice President or Cashier H o d g e n v ille .............................Th e Lincoln National Bank of Hodgenville........................................... Chairman, President, Vice President or Cashier M a y fie ld ................................... Th e First National Bank of M a y fie ld .................................................. Chairman, President, Vice President or Cashier M o rg a n fie ld .............................Th e Morganfield National B a n k ............................................................President, Vice President or Cashier Russell Springs..........................Th e First National Bank of Russell Springs...........................................Chairman, President, Vice President or Cashier Scottsville................................... Th e Farmers National Bank of S co tts ville ........................................... President or Cashier MISSISSIPPI Clarksdale. Columbus. Columbus. First National Bank of Clarskdale . . Citizens National Bank of Columbus Merchants & Farmers B a n k ............. -6 - Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President MISSISSIPPI (Continued) C IT Y V O T IN G O F F IC E R NAME OF BANK C o rin th ................................... National Bank of Commerce of C o r in t h ............................................ Chairman, President, Vice President or Cashier L e x in g to n ................................ First National Bank of Holmes C ou nty...................................................Chairman, President, Vice President or Cashier New A lb a n y .............................First National B a n k ..................................................................................... Chairman, President, Vice President or Cashier O x f o r d ...................................... The First National Bank of O x f o r d .........................................................Chairman, President, Vice President or Cashier P onto toc................................... Th e First National Bank of Pontotoc..................................................... Chairman, President, Vice President or Cashier West P o in t ................................The First National Bank of West P o in t.................................................. Chairman, President, Vice President or Cashier MISSOURI Cape Girardeau , C la yton............. .. Colum bia............. Colum bia. . . . , Farmington . . , F u l t o n ............. .. Jackson............. .. Jefferson C ity . , Kirkwood . . , , Ladue ................... Ladue................ .. Lebanon . . . . , M e x ic o ............. .. Moberly............. .. Th e First National Bank of Cape G ira rd e a u ................... Th e First National Bank of C layton................................... Commerce Bank of Columbia, National Association • • First National Bank and Tru st C o m p a n y .......................... Mercantile Bank of F a rm in g to n .......................................... Th e Callaway B a n k ................................................................ Jackson Exchange Bank and Trust C o m p a n y ................ The Exchange National Bank of Jefferson C i t y ............. Commerce Bank of K irk w o o d ............................................. Ladue-lnnerbelt Bank and Trust C om pany....................... Mark Tw ain National Bank................................................... Commerce Bank of Lebanon................................................ Commerce Bank of M e x ic o ................................................ City Bank and Trust Company of M oberly....................... Moberly............. .. Poplar Bluff . . , St. Charles . . . , St. Charles . . . , St. Louis . . . . , St. Louis . . . . , St. Louis . . . . , St. Louis County, Sikeston . . . . Springfield . . . , Vandalia . . . . Washington. . . West Plains . . . , Commerce Bank of M o b e rly ................................................ First National Bank of Poplar B lu f f ................................... Th e First National Bank of Saint Charles.......................... First State Bank of St. Charles, M issou ri.......................... American National Bank in St. L o u is ................................ South Side National Bank in St. L o u is ............................. United Missouri Bank of St. Louis, National Association Mercantile National Bank of St. Louis C o u n ty................ Th e First National Bank of S ik e s to a ................................ American National Bank in Springfield............................. Vandalia State B a n k ............................................................. Franklin County Mercantile B a n k ...................................... The First National Bank of West P lains............................. Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President, Vice President or Treasurer Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Cashier or Assistant Cashier Chairman, President, Vice President or Cashier Executive Vice President President President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier TEN N ES SEE Humboldt Jackson . . Jackson . . Jackson . . Lexington. Memphis . Union City Th e First National Bank of Gibson C ounty.........................................Chairman, President, Vice President or Cashier Th e First National Bank of Jackson .................................................. Chairman, President, Vice President or Cashier Th e National Bank of Commerce of Jackson..................................... Chairman, President, Vice President or Cashier The Second National Bank of J a c k s o n ............................................... Chairman, President, Vice President or Cashier Th e First National Bank of Lexington.................................................. President City National Bank of M em phis......................................................... Chairman, President, Vice President or Cashier Old & Th ird National Bank of Union C i t y ...................................... Chairman, President, Vice President or Cashier -7 -
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