The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F E D E R A L R E S E R V E B A N K O F S T . L O U IS P . O. BOX 442 St . Louis , M issouri 63166 SPECIAL ELECTION OF DIRECTOR November 1, 1963 To the Member Banks of the Eighth Federal Reserve District: A special election will be held under the provisions of Section 4 of the Federal Reserve Act to choose a Class B director of the Federal Reserve Bank of St. Louis to succeed Mr. Raymond Rebsamen, who resigned as Class B director, effective October 2, 1963, to accept an appointment by the Board of Governors of the Federal Reserve System as Class C director of this bank. His successor will hold office as Class B director for the remainder of the term ending December 31, 1964. Mr. Rebsamen was elected by banks in Group 2, and his successor will be chosen by the banks in this group. Group 2 consists of banks having capital and surplus of $400,000 and over, but under $1,500,000. 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 2 is permitted to nominate one candidate for Class B director.* The nomination must be made by resolution of the Board of Directors and certified to me on or before November 29, 1963. A form for this purpose is enclosed. On December 3, 1963, 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 December 5, 1963, and close at 2 p.m. on December 20, 1963. 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 3 will not vote in this election, this circular is sent to them without forms for their information. Very truly yours RAYMOND REBSAMEN Chairman of the Board *See fo o tn o te on page 3 * 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. —3 - GROUP 2 Consisting of member banks having capital and surplus of $400,000 and over, but under $1,500,000. Banks in this group elect one Class B Director ARKANSAS CITY Batesville............... Blytheville............. Blytheville............. Camden.................. Camden.................. Conway.................. Crossett.................. De W itt................. El Dorado.............. El Dorado.............. Fayetteville........... Fayetteville........... Forrest City......... Fort Smith............ Harrison................. Helena.................... Helena.................... Hope....................... Hope....................... Hot Springs......... Hot Springs......... Jonesboro............. Little Rock.......... Magnolia.............. Newport............... North Little Rock North Little Rock Paragould............ Paragould............ Rogers.................. Russellville.......... Russellville.......... Springdale............ Stuttgart.............. West Memphis.. . Wynne.................. NAME OF BANK First National Bank............................................... The Farmers Bank & Trust Co............................ The First National Bank in Blytheville.............. The Citizens National Bank of Camden............. The Merchants and Planters Bank...................... The First National Bank of Conway................... Bank of Crossett..................................................... The First National Bank of De W itt.................. The Exchange Bank & Trust Company.............. National Bank of Commerce of El Dorado........ The First National Bank of Fayetteville............ ,Mcllroy Bank.......................................................... First National Bank of Eastern Arkansas.......... The City National Bank of Fort Smith.............. The First National Bank in Harrison.................. Helena National Bank........................................... Phillips National Bank.......................................... The Citizens National Bank of Hope................. .The First National Bank of Hope........................ Arkansas Bank and Trust Company................... Arkansas First National Bank of Hot Springs.. .First National Bank of Jonesboro........................ .Bank of Arkansas.................................................. .First National Bank of Magnolia......................... .The First National Bank of Newport.................. .American National Bank of North Little Rock. .The Twin City Bank.............................................. .First National Bank of Paragould....................... . National Bank of Commerce of Paragould......... .The American National Bank of Rogers............. .The Bank of Russellville....................................... .Peoples Bank and Trust Company...................... .The First National Bank of Springdale.............. .The Peoples National Bank of Stuttgart............ .First National Bank in West Memphis.............. .The First National Bank of Wynne.................... 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 Chairman, President, Vice President or Cashier President Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier 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 President President, Active Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice 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 .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 ILLINOIS Belleville. . Cairo......... Carbondale Carbondale Carmi....... Centralia. . Centralia.. Chester.... Chester.... Columbia.. Columbia.. The St. Clair National Bank of Belleville..................................Chairman, President, Vice President or Cashier The Security National Bank of Cairo.........................................President or Cashier The Carbondale National Bank..................................................Chairman, President, Vice President or Cashier First National Bank in Carbondale............................................Chairman, President, Vice President or Cashier The First National Bank of Carmi.............................................President or Cashier The City National Bank of Centralia.........................................Chairman, President, Vice President or Cashier The Old National Bank of Centralia.........................................President, Vice President or Cashier Buena Vista National Bank of Chester......................................Chairman, President, Vice President or Cashier First National Bank in Chester...................................................Chairman, President, Vice President or Cashier The First National Bank in Columbia......................................Chairman, President, Vice President or Cashier Monroe National Bank of Columbia.........................................Chairman, President, Vice President or Cashier -5- CITY DuQuoin........ East St. Louis. Edwardsville. . Edwardsville.. Effingham.... Effingham.... Fairfield.......... Flora............... Harrisburg.. . . Harrisburg.. . . Highland........ Hillsboro........ Jacksonville.. . Madison......... Mount Vernon Murphysboro.. O’Fallon......... Olney.............. Quincy............ Quincy............ Salem.............. Wood River... ILLINOIS—Continued NAME OF BANK DuQuoin State Bank.................................................. Union National Bank of East St. Louis................ The Bank of Edwardsville,....................................... Edwardsville National Bank and Trust Company Effingham State Bank.............................................. The First National Bank of Effingham................... The Fairfield National Bank..................................... First National Bank of Flora.................................... The First National Bank of Harrisburg.................. The Harrisburg National Bank.............................. The First National Bank of Highland..................... The Hillsboro National Bank................................... Elliott State Bank...................................................... The First National Bank in Madison..................... The First National Bank of Mount Vernon........... The City National Bank of Murphysboro............ The First National Bank of O’Fallon..................... First National Bank in Olney................................... Broadway National Bank of Quincy....................... State Street Bank and Trust Company................ The Salem National Bank........................................ .The First National Bank of Wood River............... VOTING OFFICER Chairman, President, Vice President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier President .Chairman, President, Vice President, Cashier or Assistant Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Geo. H. Fisher, President Chairman, President, Vice President or Cashier 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 Cashier President, Vice President or Cashier President, Vice President, Cashier or Assistant Cashier Chairman, President, Vice President or Cashier INDIANA Bedford .......... Bedford .......... Bedford .......... Bloomfield.... Boonville........ Cory don......... Huntingburg.. Linton............ Madison......... Mount Vernon New Albany. . New Albany. . Petersburg.... Princeton....... Salem.............. Scottsburg.... Seymour......... Tell City........ Washington.. . The Bedford National Bank..................................... The Citizens National Bank of Bedford................. The Stone City National Bank of Bedford............ Bloomfield State Bank............................................. Warrick National Bank of Boonville....................... Old Capital Bank and Trust Company................... The First National Bank of Huntingburg.............. Citizens National Bank of Linton............................. The First National Bank of Madison...................... The Posey County National Bank, Mount Vernon Mutual Trust and Deposit Company...................... The Union National Bank of New Albany............. The First National Bank of Petersburg.................. The Farmers National Bank of Princeton.............. The State Bank of Salem.......................................... The Scott County State Bank.................................. The Seymour National Bank.................................... The Tell City National Bank................................... The Citizens Bank and Trust Company................ 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 President, Vice President or Cashier Chairman, President, Vice President or Cashier President or Vice President Chairman, President, Vice President or Cashier Chairman, President or Cashier President or Cashier President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier KENTUCKY Bardstown........................... Farmers Bank & Trust Co............................................................ President, Vice President or Cashier Bowling Green....................The American National Bank and Trust Company of Bowling Green....................................................................President Bowling Green....................The Citizens National Bank of Bowling Green..........................Chairman, President, Vice President or Cashier Campbellsville.................... Citizens Bank & Trust Company................................................. Chairman, President, Vice President or Cashier Central City........................The First National Bank of Central City.................................. Cashier Danville............................... The Farmers National Bank of Danville....................................President, Vice President or Cashier Fort Knox............................Fort Knox National Bank............................................................. Chairman, President, Vice President or Cashier Frankfort.............................The State National Bank of Frankfort.......................................President Glasgow................................The New Farmers National Bank of Glasgow...........................Chairman, President, Vice President or Cashier Harrodsburg........................Mercer County National Bank of Harrodsburg.........................Chairman, President, Vice President or Cashier Henderson............................Ohio Valley National Bank of Henderson.................................. Chairman, President, Vice President or Cashier Hodgenville......................... The Lincoln National Bank of Hodgenville................................Chairman, President, Vice President or Cashier Hopkinsville........................First-City Bank & Trust Company.............................................President, Vice President or Cashier —6— KENTUCKY—Continued CITY Lawrenceburg......................The Lawrenceburg..................... The Lebanon...............................The Lebanon...............................The Madisonville....................... The Morganfield.........................The Paducah...............................The Aberdeen.. Columbus.. Columbus.. Columbus.. Corinth Greenville.. Greenville.. West Point NAME OF BANK VOTING OFFICER Anderson National Bank of Lawrenceburg...................... Chairman, President, Vice President or Cashier Lawrenceburg National Bank............................................. Chairman, President, Vice President or Cashier Farmers National Bank of Lebanon.................................. President or Cashier Marion National Bank of Lebanon....................................President, Vice President or Cashier Farmers National Bank of Madisonville...........................Chairman, President, Vice President or Cashier Morganfield National Bank.................................................President, Vice President or Cashier Peoples First National Bank & Trust Company of Paducah............................................................................... President or Vice President MISSISSIPPI The First National Bank of Aberdeen......................................Chairman, President, Vice President or Cashier First-Columbus National Bank................................................... Chairman, President, Vice President or Cashier Merchants & Farmers Bank........................................................President The National Bank of Commerce of Columbus...................... Cashier National Bank of Commerce of Corinth...................................Chairman, President, Vice President or Cashier The Commercial National Bank of Greenville.........................Chairman, President, Vice President or Cashier The First National Bank of Greenville..................................... President, Vice President or Cashier The First National Bank of West Point...................................Chairman, President, Vice President or Cashier MISSOURI Affton............... Boonville.......... Cape Girardeau Chillicothe....... Columbia......... Columbia......... Farmington. . . . Fenton.............. Fulton.............. Hannibal.......... Jefferson C ity.. Kirkw'ood......... Lebanon........... Lemay.............. Maplewood.... Marshall........... Marshall.......... Mexico.............. Moberly........... Moberly........... Pine Lawn....... St. Charles....... St. Louis........... St. Louis........... St. Louis........... St. Louis........... Sedalia.............. Springfield....... Trenton............ Vandalia........... Warrensburg.. . Washington. . . . Wellston........... West Plains.... Gravois Bank........................................................... National Bank of Boonville.................................. The First National Bank of Cape Girardeau.... The Citizens National Bank of Chillicothe......... The Boone County National Bank of Columbia Columbia National Bank...................................... United Bank of Farmington................................. Fenton Bank............................................................ The Callaway Bank................................................ The Hannibal National Bank............................... .The Exchange National Bank of Jefferson City. The Kirkwood Bank............................................... State Bank of Lebanon.......................................... Lemay Bank and Trust Company....................... The Citizens National Bank of Maplewood....... .Farmers Savings Bank........................................... .Wood & Huston Bank........................................... Mexico Savings Bank............................................. .City Bank and Trust Company of Moberly... . .Mechanics Bank & Trust Company.................... Pine Lawn Bank and Trust Company................ .The First National Bank of Saint Charles......... .Bremen Bank & Trust Company......................... .Chippewra Trust Co................................................ . Easton-Taylor Trust Company............................ .North St. Louis Trust Company.......................... .The Third National Bank of Sedalia................... .The Southern Missouri Trust Company............. .The Trenton National Bank................................. .Vandalia State Bank.............................................. .The Peoples National Bank of Warrensburg. .. . .Franklin County Bank.......................................... .The First National Bank of Wellston................. .The First National Bank of Wrest Plains............ Dyersburg. Jackson.... Jackson.... Jackson.... Union City First-Citizens National Bank of Dyersburg...............................Chairman, President, Vice President or Cashier The First National Bank of Jackson.......................................... Chairman, President, Vice President or Cashier The National Bank of Commerce of Jackson............................Chairman, President, Vice President or Cashier The Second National Bank of Jackson.....................................Cashier Old & Third National Bank of Union City..............................Chairman, President, Vice President or Cashier TENNESSEE —7— Chairman, President, Vice President or Cashier President, Vice President or Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President or Cashier President, Vice President or Cashier President, Vice President or Cashier Cashier President, Vice President or Cashier 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 President, Vice President or Cashier President or Vice President Chairman, President, Cashier or Assistant Cashier Chairman, President, Vice President or Cashier Chairman, President, Vice President or Cashier President President or Vice President Chairman, President, Vice President or Cashier . President or Secretary .Chairman, President or Treasurer .Chairman or President . Chairman, President, Vice President or Secretary ,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
@FedFRASER