The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF ST. LOUIS ELECTION OF DIRECTORS September 17, 1942. T O T H E M E M B E R B A N K S IN D IS T R IC T No. 8 : An election will be held under the provisions of Section 4 of the Federal Reserve Act to choose successors to the following directors of this bank whose terms expire December 31 of this year: Class A director, Max B. Nahm (Vice President, Citizens National Bank, Bowling Green, K y .), and Class B director, J. W . Harris (Chairman of the Board, Harris-Langenberg Hat Co., St. Louis). The Class A director was elected by banks in Group 2 and the Class B director by Group 1 banks. Consequently, their successors will be chosen, respectively by these groups. Group 1 consists of banks having capital and surplus of $500,000 and over; Group 2, banks with capital and surplus of over $100,000 but less than $500,000, and Group 3, banks having capital and surplus of $100,000 and less. Lists of the banks composing the voting groups are given on the following pages. Each bank in Group 1 is permitted to nominate a candidate for Class B director and each bank in Group 2 a candidate for Class A director.* The nomination must be made by resolution of the board of directors and certified to me on or before October 24. A form and self-addressed envelope for this purpose are enclosed. On October 30 a list of the candidates (indicating by whom nominated) and a preferential ballot will be mailed to each bank in the two groups mentioned. The ballot must be cast within fifteen days after receipt. The polls will open on November 2 and close at 2 p. m. on November 17, 1942. At that time the ballot box will be opened in the board room of this bank, the votes counted and results 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. On the following pages are shown the officers heretofore designated for this purpose. The authority conferred on them continues until revoked. Each bank that has not designated such officers, or any bank that desires to change its authorization, should do so by resolution of its board of directors and certify the appointments to me before the polls close. A form is herewith furnished to each bank that has not made such designations by title. The Federal Reserve Act provides: “Whenever any two or more member banks within the same Federal reserve district are affiliated with the same holding company affiliatef, participation by such member banks in any such nomination or election shall be confined to one of such banks, which may be designated for the purpose by such holding company affiliate.” A holding company affiliate having one or more subsidiary member banks in each group may designate one of such banks in each group. Certified copies of the resolutions making such designations should be filed with me. While the banks in Group 3 do not elect a director this year, this circular is sent to them without forms for their information. Respectfully, W I L L I A M T. N A R D IN , Chairman of the Board. •Section 4 of the Federal Reserve Act provides that “ Class A 6hall consist of three members, who shall be chosen by and be representative of the stockholding banks. No officer or director o f 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. Any 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. Class B shall consist of three members, who at the time o f their election shall be actively engaged in their district in commerce, agriculture or some other industrial pursuit. No director of Class B shall be an officer, director or employee of any bank. No Senator or Representative in Congress shall be . . . an officer or a director of a Federal reserve bank.” In a resolution adopted December 23, 1915, the Board of Governors of the Federal Reserve System expressed the opinion “ that persons hold ing political or public office in the service of the United States, or of any State, territory, county, district, political subdivision, or municipality thereof, or acting as members of political party committees, cannot consistently with the spirit and underlying principles of the Federal Reserve Act, serve as directors or officers of Federal reserve banks.” On December 28, 1915, the Board resolved that “ national bank examiners shall not hereafter be elected . . . to directorships in Federal reserve banks.” Under date of July 2, 1925, the Board advised it had “ reached the conclusion that a person whose sole occupation is that of officer of an insurance company is not eligible for election as a Class B director . . .,” and on October 18, 1939, that it “ feels that a person whose sole occupation is that of president of a Federal savings and loan association . . . is not eligible for election and service as a Class B director.” tThe Banking Act of 1933 as amended August 23, 1935, defines the term “ holding company affiliate” as follows: “ The term ‘holding company affiliate’ shall include any corporation, business trust, association, or other similar organization— (1) Which owns or controls, directly or indirectly, either a majority of the shares of capital stock of a member bank or more than 50 per centum of the number of shares voted for the election of directors of any one bank at the preceding election, or controls in any manner the election of a majority of the directors of any one bank; or (2) For the benefit of whose shareholders or members all or substantially all the capital stock of a member bank is held by trustees.” M E M B E R B A N K S C O M PO SIN G G R O U P 1 A N D O FF IC E R S D E S IG N A T E D T O VOTE (To elect one Class B Director) KENTUCKY— Continued ARKANSAS El Dorado_______ First National Bank_________________Chm., Pres., V. P., or Cash. Fort Smith______ First National Bank_________________Chm., Pres., V. P., or Cash. Fort Smith_______Merchants National Bank___________Pres., V. P., or Cash. Little Rock_______Commercial National Bank_________ Vice Pres, or Cash. Little Rock______ Union National Bank_______________ Chm., Pres., V. P., or Cash. Little Rock______ W. B. Worthen Co., Bankers________ President. Pine Bluff_______ Simmons National Bank____________ President. Texarkana_____ „ State National Bank_______________ Pres., V. P., or Cash. Louisville________ Louisville Trust Co___________ ,____Chm., Pres., V. P., or Treas. Mayfield_________ First National Bank________________ E. O. Gardner, Pres. ILLINOIS Alton____________ First National Bank & Trust Co------Chm., Pres., V. P., or Cash. Belleville________ First National Bank-------------------------Chm., Pres., V. P., Cash. or Asst. Cash. East St. Louis____First National Bank--------------------------Chm., Pres., V. P., orCash. East St. Louis____Southern Illinois National Bank____ Pres., V. P., or Cash. Nat’l Stock Yds.—National Stock Yards National Bank_Chm., Pres., V. P., or Cash. Evansville_______ Evansville_______ Evansville_______ Vincennes_______ INDIANA Citizens National Bank--------------------- Chm., Pres., National City Bank-------------------------- Chm., Pres., Old National Bank__________________ Chm., Pres., American National Bank--------------------Chm., Pres., V. V. V. V. P., P., P., P., orCash. orCash. orCash. orCash. KENTUCKY Louisville________ Citizens-Union National Bank-----------Chm., Pres., V. P., orCash. Louisville________ First National Bank_________________ Chm., Pres., V. P., orCash. P., orCash. Louisville________ Kentucky Title Trust Co------------------ Chm., Pres., V. Louisville________ Liberty National Bank &Trust Co—Chm., Pres., V. P., or Cash. Louisville________ Lincoln Bank & Trust Co----------------- Pres., V. P., or Cash. MEMBER BANKS C O M P O SIN G G RO UP MISSOURI St. Louis________ Boatmen’s National Bank___________Chm., Vice Chm., Pres., V. P., or Cash. St. Louis________ Bremen Bank & Trust Co__________Pres, or Vice Pres. St. Louis________ First National Bank________________ Chm., Vice Chm., Pres., V. P., or Cash. St. Louis________ Jefferson-Gravois Bank_______________Chm., Pres., V. P., or Cash. St. Louis________ Lindell Trust Co____________________ Chm., Pres., V. P., or Cash. St. Louis________ Manchester Bank __________________Pres., V. P., or Cash. St. Louis________ Manufacturers Bank &Trust Co_____ Chm., Pres., or Vice Pres. St. Louis_________Mercantile-Commerce Bk. & Tr. Co—Chm., Pres., Chm. Exec. Com., or Cash. St. Louis________ Mercantile Commerce National Bank_Pres., V. P., or Cash. St. Louis________ Mississippi Valley Trust Co_________Chm., Pres., or Vice Pres. St. Louis________ North St. Louis Trust Co.____________________________________ St. Louis________ Northwestern National Bank________ Chm., Pres., V. P., or Cash. St. Louis________ Security Natl. Bank Svs. & Tr. Co—Chm., Pres., V. P., or Cash. St. Louis________ South Side National Bank__________ Chm., Pres., V. P., or Cash. St. Louis________ Tower Grove Bank & Trust Co.____ Chm., Pres., V. P., or Cash. St. Louis________ .United Bank & Trust Co.___________ Pres., V. P., or Secy. Springfield_______Union National Bank________________ Chm., Pres., V. P., or Cash. TENNESSEE Memphis________ First National Bank__________________S. E. Ragland, Pres. Memphis________ National Bank of Commerce________ Pres., V. P., or Cash. Memphis_________ Union Planters National Bank & Trust Co. ____________________ Chm., Pres., V. P., or Cash. 2 A N D O F F IC E R S D E S IG N A T E D T O V O T E (T o elect one Class A Director) ARKANSAS Arkadelphia______Elk Horn Bank & Trust Co_________ Chm., Pres., V. P., or Cash. Blytheville_______ Farmers Bank & Trust Co_________ Chm., Pres., V. P., or Cash. Blytheville_______ First National Bank------------------------- Chm., Pres., V . P., or Cash. Camden__________Citizens National Bank-------------------- Chm., Pres., V. P., or Cash. Camden__________Merchants & Planters Bank________ Chm., Pres., V. P., or Cash. Clarksville_______ Farmers National Bank_____________ Chm., Pres., V. P., or Cash. El Dorado________Exchange Bank & Trust Co____________________________________ El Dorado_______ National Bank of Commerce----------- President. Fayetteville______ First National Bank________________ Pres., V. P ., or Cash. Fordyce_________ First National Bank________________ Vice President. Forrest City______ National Bank of Eastern Arkansas.Chm., Pres., V. P., or Cash. Fort Smith_______City National Bank________________ President. Helena___________ Helena National Bank--------------------------------------------------------------Helena__________ Phillips National Bank-------------------- Chm., Pres., V. P., or Cash. Hope____________ Citizens National Bank_____________ Chm., Pres., V. P., or Cash. Hope____________ First National Bank________________ President. Hot Springs_____ Arkansas National Bank------------------ Chm., Pres., V. P., or Cash. Little Rock______ Peoples National Bank----------------------Chm., Pres., V. P., or Cash. Magnolia________ Citizens Bank----------------------------------------------------------------------------Newport_________ First National Bank------------------------- W. A. Billingsley, Pres. Paragould_______ National Bank of Commerce------------Cashier. Pine Bluff_______ National Bank of Commerce________ Chm., Pres., or Vice Pres. Russellville______ Bank of Russellville________________ Chm., Pres., V. P., or Cash. Russellville______ Peoples Exchange Bank-------------------- Chm., Pres., V. P., or Cash. Springdale_______First National Bank________________ Chm., Pres., V . P., or Cash. ILLINOIS Belleville________ Belleville National Bank------------------ Chm., Pres., 1st V. P., or Cash. Belleville________ St. Clair National Bank____________ Chm., Pres., V . P., or Cash. Cairo____________ First Bank & Trust Co._____________ Chm., Pres., or Cash. Cairo____________Security National Bank_____________ Pres, or Cash. Carbondale______ First National Bank________________ Chm., Pres., V. P., or Cash. Carlinville_______Carlinville National Bank-----------------Chm., Pres., V. P., or Cash. Carmi___________ First National Bank________________ Pres, or Cash. Carrollton________ Greene County National Bank--------------------------------------------------Centralia________ City National Bank_________________ Chm., Pres., V. P., or Cash. Centralia________ Old National Bank---------------------------Pres., V. P., or Cash. Chester__________ First National Bank-----------------------------------------------------------------Collinsville______ First National Bank------------------------- Wm. L. Kaemper, Cash. DuQuoin________ DuQuoin State Bank________________ Chm., Pres., V. P., or Cash. East St. Louis___ Union Trust Company----------------------Chm. or Pres. Edwardsville____ Bank of Edwardsville----------------------Chm., Pres., V. P., or Cash. Edwardsville____ Edwardsville Natl. Bk. &Tr. Co-------- President. Effingham_______ Effingham State Bank______________ Chm., Pres., V. P., Cash., or Asst. Cash. Eldorado________ C. P. Burnett & Sons, Bankers------- Pres, or Cash. Fairfield_________ Fairfield National Bank-------------------- Chm., Pres., V. P., or Cash. Flora____________First National Bank________________ Chm., Pres., or Cash. Granite City______First-Granite City National Bank— Chm., Pres., or Cash. Greenville_______ Bradford National Bank____________ Chm., Pres., V. P., or Cash. Greenville_______ First National Bank________________ Pres., V. P., or Cash. Harrisburg_______First National Bank-----------------------------------------------------------------Harrisburg______ Harrisburg National Bank---------------- Chm., Pres., V. P., or Cash. Highland________ First National Bank_______________ Chm., Pres., V. P., or Cash. Highland________ Highland National Bank____________ Chm., Pres., V. P., or Cash. Hillsboro__ _______Hillsboro National Bank___________ Geo. H. Fisher, Pres. Jacksonville_____ Elliott State Bank---------------------------- Chm., Pres., V. P., or Cash. Lawrenceville___ Peoples National Bank_____________ Chm., Pres., V. P., or Cash. Litchfield________First National Bank________________ Pres, or Cash. Litchfield________Litchfield Bank & Trust Co_________ Chm., Pres., V. P., or Cash. Metropolis_______ City National Bank----------------------- Chm., Pres., V. P., or Cash. Metropolis_______ First National Bank_______________ Chm., Pres., V. F., or Cash. ILLINOIS— Continued Millstadt________ First National Bank________________ Cashier. Mt. Vernon______First National Bank________________ Pres, or Cash. Murphysboro-------City National Bank________________ Chm., Pres., V. P., or Cash. Nashville________ First National Bank________________ Pres., V. P., or Cash. Oblong----------------First National Bank____________________________________________ O’ Fallon_________First National Bank________________ Chm., Pres., V. P., or Cash. Pittsfield________ First National Bank________________ Cashier. Quincy__________ Illinois National Bank______________Chm., Pres., V . P., or Cash. Quincy----------------State Street Bank & Trust Co___________________________________ Robinson________ Second National Bank______________ Chm., Pres., V. P., or Cash. Salem___________ Salem National Bank_______________ Pres., V. P., Cash., or Asst. Cash. Vandalia________ First National Bank_________________Chm., Pres., V. P., or Cash. White Hall______ White Hall National Bank__________ Cashier. Wood River-------- First National Bank_________________Chm., Pres., V. P., or Cash. INDIANA Bedford-------------- Bedford National Bank_____________ 'Chm., Pres., V. P., or Cash. Bedford_________ Citizens National Bank_____________ Pres, or Cash. Bedford--------------- Stone City National Bank___________Chm., Pres., V. P., or Cash. Cannelton------------ First-Cannelton National Bank______ Chm., Pres., V. P., or Cash. Madison-------------- First National Bank________________ Pres., V. P., or Cash. Madison------------- National Branch Bank______________ John W. Tevis, Pres. New Albany---------Union National Bank_______________ Chm., Pres., V. P., or Cash. Petersburg_______ First National Bank________________ Chm., Pres., or Cash. Princeton------------Farmers National Bank_____________ Pres, or Cash. Salem---------------- State Bank of Salem_________________Pres, or Cash. Seymour------------- Seymour National Bank____________ Chm., Pres., V. P., or Cash. Tell City_________Citizens National Bank_____________ Cashier. Tell City------------- Tell City National Bank____________Chm., Pres., V. P., or Cash. Washington--------- Peoples National Bank & Trust Co—Pres, or Cash. Washington-------- Washington National Bank__________ Pres, or Cash. KENTUCKY Bardstown_______ Farmers Bank & Trust Co.____________________________________ Bowling Green-----American National Bank____________President. Bowling Green-----Citizens National Bank______________Chm., Pres., V. P., or Cash. Carrollton_______ First National Bank____________________________________________ Central City_____ First National Bank________________ Cashier. Danville--------------Boyle Bank & Trust Co___________ Chm., Pres., V . P., or Cash. Danville--------------Citizens National Bank_____________ Chm., Pres., V . P., or Cash. Danville_________ Farmers National Bank_____________ Pres., V . P., or Cash. Elizabethtown------First-Hardin National Bank________ Chm., Pres., V. P., or Cash. Frankfort------------ National Branch Bank of Kentucky_H. F. Lindsey, Pres. Frankfort________State National Bank________________ President. Fulton___________ City National Bank________________ N. G. Cooke, Pres. Glasgow-------------- .Citizens National Bank______________Chm., Pres., V. P., or Cash. Glasgow--------------New Farmers National Bank_________ Chm., Pres., V. P., or Cash. Greenville----------- First National Bank_________________ Chm., Pres., V. P., or Cash. Harrodsburg-------- Mercer County National Bank________________________________ Henderson._____ First National Bank_________________ Chm., Pres., V. P., or Cash. Henderson_______Ohio Valley National Bank__________ Chm., Pres., V. P., or Cash. Hodgenville_____ Lincoln National Bank______________ Chm., Pres., V. P., or Cash. Hopkinsville_____ Planters Bank & Trust Co._________ Chm., Pres., V. P., or Cash. Lawrenceburg____Anderson National Bank___________ J. W . Gaines, Pres. Lawrenceburg___ Lawrenceburg National Bank________ Chm., Pres., V. P., or Cash. Lebanon________ Citizens National Bank_____________ Pres, or Cash. Lebanon________ Marion National Bank______________ Pres., V. P., or Cash. Morganfield______ Morganfield National Bank_________________________ ___________ Owensboro---------- First-Owensboro Bank & Trust Co—Chm., Pres., V. P., or Cash. Owensboro______ National Deposit Bank_______________ Chm., Pres., V. P., or Cash. Paducah_________ Peoples National Bank_____________ Pres, or Vice Pres. Princeton------------First National Bank________________ Pres., V. P., or Cash. MISSISSIPPI Aberdeen------------First National Bank________________ Cbm., Pres., Columbus----------- First-Columbus National Bank_______ Chm., Pres., Columbus----------- National Bank o f Commerce________ Cashier. Greenville-----------Commercial National Bank_________ Chm., Pres., Greenville-----------First National Bank________________ Pres., V. P., O x ford ------------- First National Bank________________ Chm., Pres., West Point--------- First National Bank________________ Chm., Pres., V. P., or Cash. V. P., or Cash. V. P., or Cash. or Cash. V. P., or Cash. V. P., or Cash. MISSOURI California________Farmers & Traders Bank_____________________________________ California------------Moniteau National Bank___________ Chm., Pres., V. P., or Cash. Cape Girardeau— First National Bank________________ Chm., Pres., V. P., or Cash. Carrollton_______ Carroll County Trust Co.__________ Cashier. Carrollton_______ First National Bank___________________________________________ Chillicothe-----------Citizens National Bank_____ _______ Chm., Pres., V. P., or Cash. Clayton__________Clayton National Bank_____ ________Pres, or Cash. Clayton__________First National Bank________________ Chm., Pres., V. P., or Cash. Clayton__________St. Louis County Bank_____________ Pres., V. P., or Cash. Clinton__________ Union State Bank__________________ Chm., Pres., V. P., or Cash. Columbia________ Boone County National Bank_______ Pres, or Cash. Columbia________ Exchange National Bank____________ Chm., Pres., V. P., or Cash. Farmington______United Bank ______________________ Pres., V. P., or Cash. Fulton__________ Callaway B an k ____________________ Pres., V. P., or Cash. Glasgow_________ Glasgow Savings Bank_________________________________________ Hannibal_________Farmers & Merchants Bk. & Tr. Co.-Chm., Pres., V. P., or Cash. Hannibal________ Hannibal National Bank___________ Cashier. Jefferson City____Exchange National Bank____________ Chm., Pres., V. P., or Cash. Kirksville_______ Citizens National Bank_____________ Chm., Pres., V. P., or Cash. Luxemburg______ Lemay Bank & Trust Co.___________Chm., Pres., V. P., or Cash. Maplewood______ Citizens National Bank_____________ Pres., V. P., or Cash. Maplewood______ Maplewood Bank & Trust Co.______ Pres., V. P., or Treas. Maplewood_______ Peoples State Bank____________________________________________ Marshall________ Wood & Huston Bank______________ Pres., V. P., or Cash. Mexico__________ Mexico Savings Bank___________________________________________ Milan_____ L_____ First National Bank________________ Chm., Pres., V. P., or Cash. MISSOURI— Continued Moberly--------------City Bank & Trust Co______________ Chm., Pres., Cash., or Asst. Cash. Moberly_________ Mechanics Bank & Trust Co________Chm., Pres., V . P., or Cash. Paris____________Paris National Bank________________ Chm., Pres., V. P., or Cash. Pine Lawn_______Pine Lawn Bank & Trust Co____:______________________________ St. Charles_______ First National Bank------------------------ President. St. Charles_______ St. Charles Savings Bank______________________________________ St. Charles______ Union Savings Bank________________ Pres, or Cash. St. Louis________ American Exchange National Bank_Chm., Pres., V. P., or Cash. St. Louis________ Baden Bank _______________________ Pres., V. P., or Cash. St. Louis________ Cass Bank & Trust Co._____________ Chm., Pres., or Vice Pres. St. Louis________ Chippewa Trust Co.________________ Chm., Pres., V. P., or Cash. St. Louis________ Easton Taylor Trust Co_____________ Pres, or Secy. St. Louis________ Jefferson Bank & Trust Co_________ Pres., V. P., or Cash. St. Louis________ Mound City Trust Co._______________Chm., Pres., or Vice Pres. St. Louis________ Plaza B a n k ________________________ Pres, or Cash. St. Louis_________ Southern Commercial Savings Bank-President. St. Louis________ Southwest Bank ^___________________ Pres., V. P., or Cash. St. Louis County_Gravois B a n k _____ ___________ 1____Chm., Pres., V. P., or Cash. Sedalia__________ Sedalia Bank & Trust Co.___________ Chm., Pres., V. P., or Cash. Sedalia__________ Third National Bank_______________ Chm. or Pres. Springfield______ Southern Missouri Trust Co.________Chm., Pres., V. P., or Secy. Trenton_________ Trenton National Bank_____________ Cashier. Warrensburg____ Peoples National Bank______________ Chm., Pres., V. P., or Cash. Webster Groves__Webster Groves Trust Co__________ Chm., Pres., V. P., or Secy. Wellston_________First National Bank_________________Chm., Pres., V. P., or Cash. TENNESSEE Dyersburg_______ First-Citizens National Bank_______ Chm., Pres., Jackson__________First National Bank________________ Chm., Pres., Jackson__________National Bank of Commerce________ Chm., Pres., Jackson__________Second National Bank______________Cashier. Lexington_______ First National Bank________________ Cashier. Union City_______Old & Third National Bank________ Chm., Pres., V. P., or Cash. V. P., or Cash. V. P., or Cash. V. P., or Cash.
@FedFRASER