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Ba n k o f s t . L o u is P. O. BOX 442 St . Lo u is , M issouri 63166 federal reserve SPECIAL ELECTION OF DIRECTOR July 29, 1966 To the Member Banks of the Eighth Federal Reserve District: The special election, which was held on July 20, 1966, for Class A director of the Federal Reserve Bank of St. Louis to succeed the late Harry E. Rogier, ended in a tie. No candidate having received a majority of the votes, another special election will be held under the provisions of Section 4 of the Federal Reserve Act to choose a Class A director for the remain der of the term ending December 31, 1967. Mr. Rogier was elected by banks in Group 3, and his successor will be chosen by the banks in this group. Group 3 consists of banks having capital and surplus under $400,000. A list of the banks composing this group, as shown by our records, is given on the following pages. The group in which a member bank will be entitled to vote will be determined by its classification as of the date of this letter, even though its capital and surplus may subse quently change prior to the date of the election. Each bank in Group 3 is permitted to nominate one candidate for Class A director.* The nomination must be made by resolution of the Board of Directors and certified to me on or before August 26, 1966. A form for this purpose is enclosed. On September 2, 1966, a list of the candidates (indicating by whom nominated) and a preferential ballot will be mailed to each bank in the voting group. The ballot must be cast within fifteen days after receipt. The polls will open at 9 a.m. on September 6, 1966, and close at 2 p.m. on September 21, 1966. At that time the ballot box will be opened in the Board Room of this bank, the votes counted and results of the election announced. Any of 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 resolution of its Board of Directors and certify the appoint ment to me before the polls close. A form for this purpose will be furnished upon request. While the banks in Groups 1 and 2 will not vote in this election, this circular is sent to them without forms for their information. Very truly yours FREDERIC M. PEIRCE Chairman of the Board *See footnote on page 2 * Section 4 of the Federal Reserve Act contains the following provisions: “ Class A shall consist of three members, who shall be chosen by and be repre sentative of the stockholding banks.” “ No 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.” “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 direc tor.” “ Class B shall consist of three members, who at the time of 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 a member of the Board of Governors of the Federal Reserve System or an officer or a director of a Federal reserve bank.” In a resolution adopted December 23, 1915, the Federal Reserve Board expressed the opinion “ that persons holding political or public office in the service of the United States, or of any State, territory, county, district, politi cal 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.” Under interpretations of the Board of Governors of the Federal Reserve System, a person whose sole occupation is that of officer of an insurance company or of a savings and loan association is not eligible for election as a Class B director of a Federal Reserve Bank. —2— GROUP 3 Consisting of member banks having capital and surplus under $400,000. Banks in this group elect one Class A Director ARKANSAS CITY Altheimer........... Arkadelphia....... Ashdown............ Bates ville........... Brinkley............. Brinkley............. Clarksville.......... De Queen........... Dermott............. Fordyce.............. Fordyce.............. Gurdon............... Heber Springs... Hughes............... Huntsville.......... Lake Village. . . . Lewisville........... Lewisville........... Mena.................. Mountain Home Paris.................... Sheridan............. Trumann............ Tuckerman........ Waldron............. Walnut Ridge... Walnut Ridge... Warren.............. NAME OF BANK VOTING OFFICER First National Bank of Altheimer...............................................Chairman, President, Vice President or Cashier The Citizens National Bank of Arkadelphia.............................Chairman, President, Vice President or Cashier The First National Bank in Ashdown........................................Chairman, President, Vice President or Cashier The Citizens Bank..........................................................................Chairman, President, Vice President or Cashier Bank of Brinkley.............................................................................Chairman, President, Vice President or Cashier First National Bank of Brinkley..................................................Chairman, President, Vice President or Cashier The Farmers National Bank of Clarksville............................... Chairman, President, Vice President or Cashier The First National Bank of De Queen........................................................................................................................... First National Bank of Dermott................................................. Chairman, President, Vice President or Cashier The First National Bank of Fordyce..........................................Chairman, President, Vice President or Cashier Fordyce Bank and Trust Company............................................ Chairman, President, Vice President or Cashier Chairman, President,VicePresidentorCashier The First National Bank of Gurdon................................. The Arkansas National Bank of Heber Springs........................Chairman, President, Vice President or Cashier Planters National Bank of Hughes............................................. Chairman, President, Vice President or Cashier The First National Bank of Huntsville......................................Chairman, President, Vice President or Cashier Bank of Lake Village..................................................................... Chairman, President, Vice President or Cashier The First National Bank of Lewisville.......................................Chairman, President, Vice President or Cashier Peoples Bank & Loan Co.................... .......................................Cashier Planters First National Bank of Mena.......................................................................................................................... First National Bank & Trust Co. of Mountain Home........... Chairman, President, Vice President or Cashier The First National Bank at Paris................................................................................................................................... Grant County Bank......................................................................President, Vice President or Cashier First National Bank of Poinsett County.............................. ... Cashier First National Bank in Tuckerman............................................ Chairman, President, Vice President or Cashier Bank of Waldron............................................................................ Chairman, President, Vice President or Cashier Citizens National Bank of Walnut Ridge................................................................................................... .............. First National Bank of Lawrence County at Walnut Ridge.. Chairman, President, Vice President or Cashier First National Bank of Warren....................................................Chairman, President, Vice President or Cashier ILLINOIS Allendale......... Altamont........ Anna................ Ava................... Barry............... Benld............... Bethalto.......... Bluffs............... Breese.............. Bridgeport— Brighton......... Brookport___ Brownstown.. Bunker H ill... Campbell Hill Camp Point.. Carlinville.. . . Carlinville.. . . Carmi.............. Carrollton Clay City........ The First National Bank of Allendale....................................... Chairman, President, Vice President or Cashier The First National Bank in Altamont.......................................Chairman, President, Vice President or Cashier The Anna National Bank.............................................................Chairman, President, Vice President or Cashier The First National Bank of Ava.................................................Chairman, President, Vice President or Cashier The First National Bank of Barry..............................................Chairman, President, Vice President or Cashier The First National Bank of Benld..............................................Chairman, President, Vice President or Cashier Bethalto National Bank...............................................................Chairman, President, Vice President or Cashier Bank of Bluffs................................................................................President, Vice President or Cashier State Bank of Breese.................................................................... Chairman, President, Vice President or Cashier The First National Bank of Bridgeport.....................................Chairman, President, Vice President or Cashier The First National Bank of Brighton........................................ Chairman, President, Vice President or Cashier The Brookport National Bank......................................................Chairman, President, Vice President or Cashier The First National Bank of Brownstown................................... Chairman, President, Vice President or Cashier The First National Bank of Bunker Hill.................................. Cashier First State Bank of Campbell Hill...............................................Chairman, President, Vice President or Cashier Farmers State Bank of Camp Point............................................ Chairman, President, Vice President or Cashier The Carlinville National Bank............................................... .Chairman, President, Vice President or Cashier The Farmers & Merchants National Bank of Carlinville... .Chairman, President, Vice President or Cashier The National Bank of Carmi........................................................Chairman, President, Vice President or Cashier Greene County National Bank in Carrollton............................................................................................................... The Clay City Banking Co..........................................................Chairman, President, Vice President or Cashier -3— ILLINOIS—Continued CITY Cobden............... Coffeen............... Collinsville......... Coulterville----Crossville........... Dieterich............ Dongola............. Dupo................... Du Quoin.......... Enfield................ Farina................. Freeburg............ Golconda............ Gorham.............. Grand Tower... Granite City---Grayville............ Greenville......... Greenville......... Griggsville......... Hillsboro............ Hoyleton............ Jacksonville....... Johnston C ity... Jonesboro........... Keyesport.......... Kinmundy......... Lawrenceville... Lawrenceville... Lebanon............. Lima................... Litchfield............ Litchfield............ Litchfield............ Marine................ Marissa............... Mascoutah......... McLeansboro... Metropolis......... Metropolis......... Metropolis......... Millstadt............ Mounds.............. Mount Olive---Mulberry Grove Murphysboro... Nashville............ Nashville............ Nokomis............. Oblong................ Okawville........... Okawviller.......... Olmsted.............. Pinckney ville__ Pittsfield............. Ramsey.............. Raymond........... Red Bud............. Red Bud............. Ridgway............. Roodhouse......... NAME OF BANK VOTING OFFICER The First National Bank of Cobden..........................................Chairman, President, Vice President or Cashier The Coffeen National Bank.........................................................President The First National Bank of Collinsville........................................................................................................................ The First National Bank of Coulterville................................... Chairman, President, Vice President or Cashier The First National Bank of Crossville.......................................President, Vice President or Cashier The First National Bank of Dieterich....................................... Chairman, President, Vice President or Cashier The First State Bank of Dongola................................................ Chairman, President, Vice President or Cashier Dupo State Savings Bank................................................................................................................................................. Du Quoin National Bank................ ............................................ Chairman, President, Vice President or Cashier The First National Bank of Enfield...........................................Chairman, President, Vice President or Cashier State Bank of Farina......................................................................President, Vice President or Cashier The First National Bank of Freeburg........................................ Chairman, President, Vice President or Cashier First National Bank in Golconda................................................Chairman, President, Vice President or Cashier The First National Bank of Gorham.........................................Cashier The First National Bank of Grand Tower............................... Chairman, President, Vice President or Cashier American National Bank of Granite City.................................Chairman, President, Vice President or Cashier The Peoples National Bank of Grayville............................ Chairman, President, Vice President or Cashier The Bradford National Bank of Greenville...............................Chairman, President, Vice President or Cashier First National Bank in Greenville...............................................President, Vice President or Cashier Farmers National Bank of Griggsville.......................................................................................................................... Montgomery County National Bank.........................................President, Vice President or Cashier Hoyleton State & Savings Bank............... ...............................Cashier First National Bank of Jacksonville............................................President, Vice President or Cashier Johnston City State Bank.............................................................President, Vice President or Cashier The First National Bank of Jonesboro.......................................President, Vice President or Cashier State Bank of Keyesport............................................................ .Chairman, President, Vice President or Cashier The First National Bank of Kinmundy..................................... Chairman, President, Vice President or Cashier Lawrenceville National Bank and Trust Co..............................President, Vice President or Cashier The Peoples National Bank in Lawrenceville............................Chairman, President, Vice President or Cashier The First National Bank of Lebanon......................................... Chairman, President, Vice President or Cashier The State Bank of Lima................................................................................................................................................... The First National Bank of Litchfield.......................................President or Cashier Litchfield Bank & Trust Co..........................................................Chairman, President, Vice President or Cashier The Litchfield National Bank...................................................... Chairman, President, Vice President or Cashier The First National Bank of Marine............................................President, Vice President or Cashier First National Bank of Marissa...................................................Chairman, President, Vice President, Cashier or Assistant Cashier The First National Bank in Mascoutah.....................................Chairman, President, Vice President or Cashier The Peoples National Bank of McLeansboro............................Chairman, President or Cashier The City National Bank of Metropolis.....................................Chairman, President, Vice President or Cashier The First National Bank of Metropolis.....................................Chairman, President, Vice President or Cashier The National State Bank of Metropolis....................................Chairman, President, Vice President or Cashier The First National Bank of Millstadt....................................... Cashier The First State Bank of Mounds.................................................Chairman, President, Vice President or Cashier National Bank of Mount Olive....................................................Chairman, President, Vice President or Cashier First National Bank of Mulberry Grove...................................President or Cashier The First National Bank of Murphysboro............................... President or Cashier The Farmers and Merchants National Bank of Nashville... .Chairman, President, Vice President or Cashier The First National Bank of Nashville.......................................President, Vice President or Cashier First National Bank of Nokomis................................................ Chairman, President, Vice President or Cashier The First National Bank of Oblong............................................................................................................................... The First National Bank of Okawville...................................... Chairman, President, Vice President or Cashier The Old Exchange National Bank of Okawville...................... Chairman, President, Vice President or Cashier First State Bank of Olmsted........................................................Chairman, President, Vice President or Cashier First National Bank in Pinckneyville........................................President, Vice President or Cashier The First National Bank of Pittsfield. Cashier The Ramsey National Bank................. President, Vice President or Cashier The First National Bank of Raymond Chairman, President, Vice President or Cashier Cashier First National Bank of Red Bud......... First State Bank of Red Bud............... President, Vice President or Cashier Gallatin County State Bank................. President, Vice President or Cashier Roodhouse National Bank.................. Chairman, President, Executive Vice President or Cashier ILLIN OIS—Continued CITY St. Elmo....... St. Peter....... Sandoval.... Shawneetown Smithton___ Sparta........... Staunton. . . . Steeleville__ Sumner......... Teutopolis... Ursa.............. Vandalia....... Vandalia....... Waterloo___ Wayne C ity.. Winchester... W itt............... Woodlawn... Xenia............ VOTING OFFICER NAME OF BANK . Fayette County Bank..................................................................Cashier .First State Bank of St. Peter........................................................Chairman, President, Vice President or Cashier .The First National Bank of Sandoval............................. Chairman, President, Vice President or Cashier .First National Bank in Shawneetown..................................................................... ................................................... .The First National Bank of Smithton..................................... Chairman, President, Vice President or Cashier .The First National Bank of Sparta..........................................President, Vice President or Cashier .The First National Bank in Staunton......................................Cashier .First National Bank of Steeleville................................................Chairman, President, Vice President or Cashier .The First National Bank of Sumner............................................Chairman, President, Vice President or Cashier .Teutopolis State Bank..................................................................President or Cashier .First National Bank of Ursa.........................................................Chairman, President, Vice President or Cashier .The Farmers and Merchants Bank of Vandalia.................. .Chairman, President,VicePresident or Cashier .The First NationalBank of Vandalia...................................Chairman, President, Vice President or Cashier .The First NationalBank of Waterloo.................................. Chairman, President, Vice President or Cashier .The First NationalBank of Wayne City............................. Cashier .The Neat, Condit and Grout National Bank of Winchester. .Chairman, President, Vice President or Cashier .The Security National Bank of W itt.........................................President, Vice President or Cashier .The First NationalBank of Woodlawn................................ Chairman, President, Vice President or Cashier .The First NationalBank of Xenia........................................ Chairman, President, Vice President or Cashier INDIANA Charlestown. Chrisney....... Elberfeld___ English......... Fort Branch. French Lick.. Holland........ Loogootee__ Lynnville___ Mill town....... Mitchell........ Oakland City Odon............. Orleans......... Owensville... Patoka.......... Plainville---Richland....... Sellersburg... Shoals........... Spurgeon....... Sullivan........ Tennyson__ Vevay........... Washington.. Winslow....... First Bank of Charlestown...........................................................Chairman, President, Vice President or Cashier The Chrisney State Bank.............................................................President, Vice President or Cashier The Elberfeld State Bank............................................................Chairman, President or Cashier English State Bank........................................................................Chairman, President, Vice President or Cashier The Farmers and Merchants National Bank of Fort Branch.. Chairman, President, Vice President or Cashier The Springs Valley National Bank............................................Chairman, President, Vice President or Cashier The Holland National Bank........................................................President or Cashier The Union Bank............................................................................Chairman, President, Vice President or Cashier The Lynnville National Bank.....................................................President or Vice President The First National Bank of Milltown................................. . .Chairman, President, Vice President or Cashier The First National Bank of Mitchell.................................. ... .President, Executive Vice President, Vice President or Cashier The First National Bank of Oakland City............................... Chairman, President, Vice President or Cashier The First National Bank of Odon..............................................President, Vice President or Cashier The Bank of Orleans..................................................................... President or Cashier First National Bank of Owensville............................................. President The Patoka National Bank..........................................................Chairman, President, Vice President or Cashier Farmers State Bank...................................................................... Cashier The Lake State Bank................. ...............................................Chairman, President, Vice President or Cashier Sellersburg State Bank..................................................................Vice President or Cashier The Martin County Bank............................................................Chairman, President, Executive Vice President or Cashier The First National Bank of Spurgeon.......................................Cashier Farmers State Bank of Sullivan..................................................Chairman, President, Vice President or Cashier The Tennyson National Bank............ .....................................Chairman, President, Vice President or Cashier The First National Bank of Vevay.............................................Chairman, President, Vice President or Cashier Washington National Bank......................................................... President or Cashier The First National Bank of Winslow.........................................Chairman, President, Vice President or Cashier KENTUCKY Buffalo.... Carrollton. Clinton__ Columbia.. Fulton....... Greensburg Hartford... La Center.. Lebanon... The First National Bank of Buffalo............................................Chairman, President, Vice President orCashier The First National Bank of Carrollton.......................................Chairman, President, Vice President orCashier First National Bank in Clinton...................................................Chairman, President, Vice President or Cashier The First National Bank of Columbia........................................Chairman, President, Vice President orCashier The City National Bank of Fulton..............................................Chairman, President, Vice President orCashier The Peoples Bank.........................................................................Chairman, President, Vice President or Cashier Citizens Bank.................................................................................Chairman, President, Vice President or Cashier First National Bank of La Center............................................Chairman, President, Vice President or Cashier The Citizens National Bank of Lebanon..................................President or Cashier —5— MISSISSIPPI CITY NAME OF BANK Clarksdale............. Cleveland............... ............ First National Bank of Bolivar County................... ................ Chairman, Iuka........................ Kosciusko.............. ............Attala National Bank of Kosciusko.......................... Lexington............... ............ First National Bank of Lexington............................. VOTING OFFICER President, Vice President or Cashier President, Vice President or Cashier President, Vice President or Cashier President, Vice President or Cashier President, Vice President or Cashier MISSOURI Annapolis............. Bethany............... Braymer............... Cainsville............. Cairo..................... California............. California............. Camdenton........... Carrollton............. Caruthersville.... Cassville............... Centralia.............. Clinton................. Clinton.................. Cole Camp........... Crane.................... Cuba..................... Dexter.................. Doniphan............. Eldon.................... Elsberry................ Gallatin................ Hermann.............. High Ridge........... Holden.................. Kennett................ Keytesville........... Kirksville............. Lancaster............. Lebanon............... Lebanon............... Lincoln................. Ludlow................. Malden................. Maplewood.......... Memphis.............. Mexico.................. Milan.................... Monett................. Monroe City........ Montgomery City Montrose.............. Mount Vernon... Mountain Grove.. New Haven......... Owensville............ Pacific................... Paris...................... Paris...................... Perry ville............. Pierce City........... Ridgeway............. St. Charles........... St. Robert............ First National Bank of Annapolis............................ The First National Bank of Bethany............ The First National Bank of Braymer..................... The First National Bank of Cainesville.................. Bank of Cairo............................................................... The Farmers and. Traders Bank of California, Mo. The Moniteau National Bank of California........... Camden County Bank................................................ The First National Bank of Carrollton................... The National Bank of Caruthersville...................... The First National Bank of Cassville...................... The First National Bank of Centralia..................... First National Bank of Clinton................................ Union State Bank of Clinton.................................... The Citizens-Farmers Bank of Cole Camp............. The Bank of Crane...................................................... Peoples Bank of Cuba................................................ Dexter National Bank................................................ First National Bank of Doniphan............................ Bank of Eldon.............................................................. Bank of Lincoln County............................................. The First National Bank of Gallatin....................... The Hermann Bank.................................................... High Ridge Bank......................................................... Bank of Holden............................................................ Kennett National Bank.............................................. Bank of Keytesville..................................................... The National Bank of Kirksville.............................. Schuyler County State Bank..................................... The First National Bank of Lebanon...................... State Savings Bank of Lebanon................................ The Farmers Bank of Lincoln................................... The Ludlow National Bank....................................... First National Bank of Malden................................ Peoples State Bank of Maplewood........................... Bank of Memphis........................................................ The First National Bank of Mexico........................ The First National Bank of Milan........................... The First National Bank of Monett........................ Monroe City Bank...................................................... The First National Bank of Montgomery City__ Montrose Savings Bank................................ ; .......... The First National Bank of Mount Vernon........... Mountain Grove National Bank............................... Citizens Bank of New Haven.................................... The Citizens Bank of Owensville.............................. Citizens Bank of Pacific............................................. The Paris National Bank........................................... Paris Savings Bank..................................................... The First National Bank of Perryville.................... The First National Bank of Pierce City................. The Farmers National Bank of Ridgeway.............. The Union Savings Bank of St. Charles................. The First National Bank of Pulaski County.......... — 6 — Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier 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 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 or Vice President . 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 . 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 . 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 Chairman, President, Vice President or Cashier Cashier President Chairman, President, Vice President or Cashier ,Chairman, President, Vice President or Cashier President Chairman, President, Vice President or Cashier President, Vice President or Cashier President or Cashier MISSOURI—Continued CITY Ste. Genevieve Slater.............. Springfield Steelville......... Stockton.......... Sweet Springs. Tipton............ . Tuscumbia....... Urich.............. . Versailles........ Vienna............. Warrenton__ Windsor.......... NAME OF BANK VOTING OFFICER Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Bank of Ste. Genevieve......................... State Bank of Slater............................... American National Bank in Springfield Community Bank.................................... Sac River Valley Bank............................ Chemical Bank......................................... Tipton-Farmers Bank.............................. Bank of Tuscumbia................................. Bank of Urich.......................................... The Bank of Versailles........................... The Maries County Bank...................... Commerce-Warren County Bank......... The Citizens Bank of Windsor............. Chairman, President, Vice President or Cashier President, Vice President or Cashier D. K. Hunter, President Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President or Vice President TENNESSEE Lexington Savannah. Savannah. Selmer... The First National Bank of Lexington......................................President Citizens Bank................................................................................. President ,The First National Bank of Savannah...................................... Chairman, President, Vice President or Cashier First National Bank of Selmer........................................................................................................................................ - 7 -
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