FEDERAL RESERVE BANK OF DALLAS DALLAS, TEXAS ELECTION OF DIRECTORS

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FEDERAL RESERVE BANK OF DALLAS DALLAS, TEXAS 75222 Circular No.

to choose successors to the following directors of this Bank, whose terms expire December 31, 1969: Class A Director Mr.

1 FEDERAL RESERVE BANK OF DALLAS DALLAS, TEXAS Circular No September 15, 1969 ELECTION OF DIRECTORS To All M em ber Banks in the Eleventh Federal Reserve District: 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, 1969: Class A Director Mr. Murray Kyger Chairman of the Board The First National Bank of Fort Worth Fort Worth, Texas Class B Director Mr. C. A. Tatum, Jr. and Chief Executive Officer Texas Utilities Company, Texas Mr. Kyger, the Class A Director, was elected by banks in Group 1, consisting of banks having capital and surplus of $3,000,000 and over, and his successor will be chosen by the banks in this group. At the conclusion of his present term, Mr. Kyger will have served one full three-year term plus a portion of an unexpired term. He is eligible for re-election. Mr. Tatum, the Class B Director, was elected by banks in Group 2, consisting of banks having capital and surplus of $500,000 and over, but under $3,000,000, and his successor will be chosen by the banks in this group. At the conclusion of his present term, Mr. Tatum will have served one full three-year term. He is eligible for re-election. 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 classification 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 A Director and each bank in Group 2 is permitted to nominate one candidate for Class B Director. The nom inations must be m ade by resolution of the Board of Directors, certified to me an d received in my office on or before October 15, A form and return envelope for this purpose are enclosed. On October 20, 1969, 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 15 days after receipt. The polls will open at 9 a.m. on October 23, 1969, and close at 2 p.m. on November 7, At that time the ballot box will be opened at this Bank, the votes counted, and the 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. Officers so authorized are listed on the following pages. Inasmuch as the authority conferred on these officers continues until revoked, they need not be redesignated. 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 designation, should do so by resolution of its Board of Directors and certify the designation to me before the polls close. A form for this purpose will be furnished upon request. 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. While the banks in Group 3 will not vote in this election, this circular is sent to them, w ithout forms, for their information. Group 3 consists of member banks with combined capital and surplus of under $500,000. Very truly yours, Enclosures (2) This publication was digitized and made available by the Federal Reserve Bank of ' Historical Library (FedHistory@dal.frb.org)

Information Concerning Eligibility for Class A Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act contains the following provisions: "Class A shall consist of three members,

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

2 Information Concerning Eligibility for Class A Directorship of a Federal Reserve Bank 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 representative 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 director. "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, 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. GROUP 1 Consists of all member banks having capital and surplus of $3,000,000 and over. Banks in this group elect one Class A Director ARIZONA Location Name of Bank Of Truit Company Officors Authorized to Cast Vote Tucson Southern Arizona Bank & Trust Company... Chairman,, Executive Vice LOUISIANA Location Name of Bank or Trust Company Officers Authorized to Cast Vote Monroe Monroe Shreveport Shreveport Central Savings Bank and Trust Company... The Ouachita National Bank in /Aonroe... Commercial National Bank in Shreveport... The First National Bank of Shreveport..., Vice,, Vice,, Vice, TEXAS Location Nam* of Bank or Trust Company Officors Authorized to Cast Vote Abilene Abilene Amarillo Amarillo Amarillo Beaumont Beaumont Corpus Christi Corpus Christi The Citizens National Bank in Abilene... First National Bank of Abilene... Amarillo National Bank... The American Notional Bank of Amarillo... The First National Bank of Amarillo... The American Notional Bank of... The National Bank... The Capital National Bank in... City National Bank of... The American National Bank of Beaumont... First Security National Bank of Beaumont... Corpus Christ! Bank and Trust... Corpus Christi State National Bank... First National Bank in... Mercantile National Bank at... The National Bank of Commerce of... Republic National Bank of..., Vice,, Executive Vice, Chairman,, Vice, Vice Chairman, Vice, Chairman,, Senior Vice, Vice, Chairman, Chairman of Executive Committee,, Vice,, 3

GROUP 1 Continued TEXAS Continued Location Name of Bank or Trust Company Officers Authorized to G ist Vote El Paso El Paso Fort Worth Fort Worth Fort Worth Galveston Galveston Galveston Lubbock

.. The State National Bank of El Paso... Continental National Bank of Fort Worth... The First National Bank of Fort Worth... The Fort Worth National Bank.

3 GROUP 1 Continued TEXAS Continued Location Name of Bank or Trust Company Officers Authorized to G ist Vote El Paso El Paso Fort Worth Fort Worth Fort Worth Galveston Galveston Galveston Lubbock Lubbock Lubbock Lubbock Midland Midland Port Arthur Son Antonio Texarkana Tyler Victoria Victoria Waco Waco Wichita Falls Wichita Falls Texas Bank & Trust Company of... El Paso National Bank... The State National Bank of El Paso... Continental National Bank of Fort Worth... The First National Bank of Fort Worth... The Fort Worth National Bank... First Hutchings-Sealy National Bank of Galveston... The Moody National Bank of Galveston... The United States National Bank of Galveston... Bank of the Southwest National Association, Capital National Bank... Central National Bank of... Citizens Bank... East End State Bank... First City National Bonk of... Bank & Trust Company... National Bank... Medical Center National Bank,... Southern National Bank of... Texas National Bank of Commerce of... Western National Bank of... American State Bank... The Citizens National Bank of Lubbock... First National Bank ot Lubbock.... The Lubbock National Bank..., The First National Bank of Midland... The Midland National Bank... The First National Bank of Port Arthur... The Alamo National Bank of... Bexar County National Bonk of... Broadway National Bank... The Frost National Bank of... The Groos National Bank of... Main Bank and Trust... National Bank of Commerce of... The Texarkana National Bank... Citizens First National Bank of Tyler... First Victoria National Bank... Victoria Bank and Trust Company... The Citizens Notional Bank of Waco... The First National Bank of Waco... City National Bank in Wichita Falls... The First-Wichita National Bank of Wichita Falls... W. W. Overton, Jr., Chairman Chairman,, Vice Chairman,, Executive Vice,, Vice, Vice Chairman,, Vice, Vice,, Vice, Vice, Vice, Vice, Chairman,, Executive Vice, Senior Vice, Vice,, Vice, Vice Chairman,, Vice,, Vice,, Vice, Vice, Vice, Walter G. Lacy, Jr.,, Vice Chairman,, Vice 4

Information Concerning Eligibility for Class B Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act contains the following provisions: "Class B shall consist of three members,

No director of Class B shall be an officer, director, or employee of any bank.

4 Information Concerning Eligibility for Class B Directorship of a Federal Reserve Bank Section 4 of the Federal Reserve Act contains the following provisions: "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, 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. Under interpretations of the Board of Governors of the Federal Reserve System, a person whose sole occupation is that of an 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. GROUP 2 Consists of all member banks having capital and surplus of $500,000 and over, but under $3,000,000. Banks in this group elect one Class B Director LOUISIANA Location Nam* of Bank or Trult Company Officors Authorized to Cast Vote Bastrop Bossier City Homer Mansfield Minden Ruston Tallulah West Monroe The Homer National Bank... First National Bank of West Monroe... NEW MEXICO, Vice and, Executive Vice and, Vice, Vice, Location Name of Bank or Trust Company Officers Authorized to Cast Vote Alamogordo Artesia Carlsbad Carlsbad Clovis Clovis Deming Hobbs Las Cruces Lovington Roswell Roswell Silver City Tucumcari First National Bank of Hobbs... OKLAHOMA Chairman,, Executive Vice, Vice, Vice,, Vice,, Vice, Chairman,, Vice Location Name of Bank or Trust Company Officers Authorized to Cast Vote Durant The First National Bank in Durant..., Vice, 5

GROUP 2 Continued OKLAHOMA Continued Location Name of Bank or Trust Company Officers Authorized to Caft Vote Hugo Idabel First State Bank of Idabel.

.. Albany The First National Bank of Albany... Chairman,, Vice Alice Alice National Bank... Alpine First National Bank in Alpine... Amarillo Tascosa National Bank of Amarillo.

5 GROUP 2 Continued OKLAHOMA Continued Location Name of Bank or Trust Company Officers Authorized to Caft Vote Hugo Idabel First State Bank of Idabel... Chairman, TEXAS Location Name of Bank or Trust Company Officer* Authorized to Cast Vote Abilene Abilene National Bank..., Vice, Abilene The First State Bank... Albany The First National Bank of Albany... Chairman,, Vice Alice Alice National Bank... Alpine First National Bank in Alpine... Amarillo Tascosa National Bank of Amarillo..., Vice, Angleton The First National Bank of Angleton... Chairman and Arlington Arlington National Bank... Harold E. Patterson, Arlington First National Bank in Arlington..., Vice, Arlington Great Southwest National Bank of Arlington... Citizens National Bank of... Bay City The First National Bank of Bay City... Baytown Citizens National Bank & Trust Company of Baytown..., Vice, Baytown The First National Bank of Baytown... Beaumont Citizens National Bank of Beaumont... Beeville The Commercial National Bank of Beeville... Beeville The First National Bank of Beeville... Bellaire First State Bank of Bellaire..., Executive Vice Bellville The First National Bank of Bellville..., Vice, Big Spring The First National Bank in Big Spring... Big Spring The State Notional Bank of Big Spring... Borger First National Bank of Borger... Choirman,, Vice Bowie The First National Bank of Bowie... Breckenridge First National Bank in Breckenridge... Bren ham The First National Bank of Brenham... Bfenham Washington County State Bank... Brownfield The First National Bank of Brownfield... Brownsville First National Bank at Brownsville... Brownsville Pan American Bank... Brownwood Citizens National Bank at Brownwood... Brownwood First National Bank in Brownwood..., Vice, Bryan The City National Bank of Bryan... Bryan First Bank & Trust, Bryan, Texas... Henry B. Clay, Bryan The First National Bank of Bryan... Burkburnett First National Bank in Burkburnett... Cameron The Citizens Notional Bank of Cameron..., Active Vice, Cameron First National Bank in Cameron..., Canyon The First National Bank in Canyon..., Vice, Center First National Bank in Center... Childress The First National Bank in Childress... Chairman,, Clear Lake Nassau Bay National Bank of Clear Lake..., Vice, Cleburne Cleburne National Bank... Cleburne The First National Bank in Cleburne..., Vice College Station University National Bank of College Station..., Vice Colorado City The City National Bank of Colorado City... Conroe Conroe National Bank..., Vice Conroe First National Bank in Conroe... Corpus Christi Citizens State Bank of Corpus Christi... Corpus Christi Guaranty National Bank and Trust of Corpus Christi..., Vice, Corpus Christi The Mercantile National Bank of Corpus Christi... Chairman, Corsicana The First National Bank of Corsicana... Carsicana The State National Bank of Corsicana..., Vice Citizens National Bank of... Commonwealth National Bank of..., Vice, Fair Park National Bank of..., Vice 6

GROUP 2 Continued TEXAS Continued Location Name of Bank or Trust Company Officers Authorized te Cast Vote Del Rio Denison Denison Edinburg Elgin Inwood National Bank of... Northpark National Bank of.

.. El Paso Northgate National Bank of El Paso... Ennis Floydada, Vice Chairman,, Vice, Vice, Executive Vice,, Vice, Vice, Vice,, Vice, Fort Worth Gateway National Bank of Fort Worth.

6 GROUP 2 Continued TEXAS Continued Location Name of Bank or Trust Company Officers Authorized te Cast Vote Del Rio Denison Denison Edinburg Elgin Inwood National Bank of... Northpark National Bank of... Texas National Bank of... Del Rio National Bank... The Citizens National Bank of Denison... The State National Bank of Denison... The Elgin National Bank... El Paso Northgate National Bank of El Paso... Ennis Floydada, Vice Chairman,, Vice, Vice, Executive Vice,, Vice, Vice, Vice,, Vice, Fort Worth Gateway National Bank of Fort Worth... Fredericksburg Freeport Chairman,, Vice and Grand Prairie Grapevine Greenville Greenville Harlingen Harlingen Henderson Henderson Hereford Hondo Huntsville Huntsville Hurst Jacksonville Jasper Katy Kaufman Kerrville Kilgore Killeen, Executive Vice,, Vice, Vice W. S. Pebworth, Jr., Chairman and,, Vice, Vice,, Vice, 7

GROUP 2 Continued TEXAS Continued Location Nam«of Bank or Trust Company Officers Authorized to Cast Vote Kingsville Kleberg First National Bank of Kingsville.

.. Laredo The Laredo National Bank..., Vice Laredo Union National Bank of Laredo... Levelland The First National Bank of Levelland..., Vice, Liberty The First Liberty National Bank.

7 GROUP 2 Continued TEXAS Continued Location Nam«of Bank or Trust Company Officers Authorized to Cast Vote Kingsville Kleberg First National Bank of Kingsville... La Grange The First National Bank of La G range... Lamesa The First National Bank of Lamesa... La mesa The Lamesa National Bank... Lancaster The First National Bank of Lancaster... Laredo The Laredo National Bank..., Vice Laredo Union National Bank of Laredo... Levelland The First National Bank of Levelland..., Vice, Liberty The First Liberty National Bank... Chairman,, Vice Livingston The First National Bank of Livingston... Lockhart First-Lockhart National Bank... Longview The First National Bank of Longview..., Vice Longview Longview National Bank... Vice, Lubbock The Plains National Bank of Lubbock..., Executive Vice Lubbock Security National Bank of Lubbock..., Vice, Lufkin The Lufkin National Bank... Executive Vice, Marshall The First National Bank of Marshall..., Vice and Marshall The Marshall National Bank..., McAllen First National Bank of McAllen... McGregor The First National Bank of McGregor..., Vice, McKinney Central National Bank of McKinney... McKinney The Collin County National Bank of McKinney... Chairman Mesquite The First National Bank of Mesquite... Mineral Wells The City National Bank of Mineral Wells... Mineral Wells The First National Bank in Mineral Wells..., First Vice, Vice, Mission First National Bank of Mission... Mount Pleasant The First National Bank in Mount Pleasant..., Vice Mount Pleasant Guaranty Bond State Bank... Muleshoe First National Bank of Muleshoe... Nacogdoches Commercial National Bank in Nacogdoches... Nacogdoches The Stone Fort National Bank of Nacogdoches... New Braunfels The First National Bank of New Braunfels... Odessa The First National Bank of Odessa... Chairman, Odessa First State Bank..., Executive Vice Odessa National Bank of Odessa..., Executive Vice Olney The First National Bank of Olney..., Vice, Orange County National Bank of Orange... Chairman,, Executive Vice Orange First National Bank in Orange... Orange The Orange National Bank..., Vice, Palestine The East Texas National Bank of Palestine... Palestine The Royall National Bank of Palestine..., Vice, Pampa First National Bank in Pampa... Paris The First National Bank of Paris... Paris The Liberty National Bank in Paris... Pecos The First National Bank of Pecos... Executive Vice Pecos The Security State Bank of Pecos, Texas..., Vice, Perryton The First National Bank of Perryton... Perryton The Perryton National Bank... Executive Vice Plainview The City National Bank of Plainview... Plainview First National Bank of Plainview..., Port Arthur The Merchants National Bank of Port Arthur... Port Arthur Sabine National Bank of Port Arthur... Port Neches The First National Bank of Port Neches... Chairman,, Quitman First National Bank of Quitman... Refugio The First National Bank of Refugio... Richardson First National Bank of Richardson... Chairman,, Vice and Robs town The State National Bank of Robstown... Rockport The First National Bank of Rockport... San Angelo The Central National Bank of San Angelo..., Vice, San Angelo The First National Bank of San Angelo... San Angelo San Angelo National Bank of San Angelo..., 8

GROUP 2 Continued TEXAS Continued Location Nam* of Bank or Trust Company Officers Authorized to Cast Vot* San Angelo West Side National Bank of San Angelo... The Brooks Field National Bank of.

.. Son Antonio Security National Bank of... Seguin The First National Bank of Seguin... Chairman,, Seguin Seguin State Bank & Trust Company.

8 GROUP 2 Continued TEXAS Continued Location Nam* of Bank or Trust Company Officers Authorized to Cast Vot* San Angelo West Side National Bank of San Angelo... The Brooks Field National Bank of... Citizens National Bank of... First National Bank of... Kelly Field National Bank of..., Vice Lackland National Bank of San Antanio..., Vice, The National Bank of Fort Sam at... Son Antonio Security National Bank of... Seguin The First National Bank of Seguin... Chairman,, Seguin Seguin State Bank & Trust Company..., Vice Sherman The Merchants and Planters National Bank of Sherman..., Shiner The First National Bank of Shiner... Chairman,, Silsbee Neches National Bank of Silsbee... Silsbee Silsbee State Bank... Snyder Snyder National Bank... Chairman,, Executive Vice, Vice Sonora The First National Bank of Sonora..., Stamford The First National Bank in Stamford..., Stephenville Formers-First National Bank of Stephenville..., Sulphur Springs Sulphur Springs State Bank..., Sweetwater National Bank of Sweetwater... Tahoka The First National Bank of Tahoka... Taylor The City National Bank of Taylor... Taylor First-Taylor National Bank... Temple First National Bank of Temple... Temple Temple National Bank... Chairman, Vice Chairman,, Vice, Terrell The American National Bank of Terrell... Texas City The Texas City National Bonk... Chairman,, Vice Tomball Guaranty Bond State Bank... Chairman Tulia The First National Bank of Tulia... Tyler The Peoples Notional Bank of Tyler..., Vice Tyler Tyler Bank and Trust Company..., Vice, Universal City Randolph Field National Bank..., Vice, Vernon The Herring National Bank of Vernon..., Vice, Vernon The Waggoner National Bank of Vernon..., Vice Waco Lake Air National Bank of Waco... Waco The National City Bank of Waco... Waco Westview National Bank, Waco..., Vice, Weatherford The First National Bank of Weatherford... Weatherford The Merchants and Farmers State Bank of Weatherford... Wharton Security Bank and Trust Company... White Settlement Northwest National Bank..., Vice, Yoakum The Yoakum National Bank..., Vice, 9

Directors of the Federal Reserve Bank of As of September 15, 1969 Name Occupation Elected by banks in Group Class Term Expires Dec. 31 Murray K y g e r.

.., The Peoples National Bank of Belton, Belton, Texas 3 A 1970 Carl D. Newton....., Fox-Stanley Photo Products, Inc.,, Texas C. A. Tatum, Jr.

9 Directors of the Federal Reserve Bank of As of September 15, 1969 Name Occupation Elected by banks in Group Class Term Expires Dec. 31 Murray K y g e r... Chairman of the Board, The First National Bank of Fort Worth, Fort Worth, Texas 1 A 1969 A. W. Riter, Jr..., The Peoples National Bank of Tyler, Tyler, Texas 2 A 1971 J. V. K e lly..., The Peoples National Bank of Belton, Belton, Texas 3 A 1970 Carl D. Newton....., Fox-Stanley Photo Products, Inc.,, Texas C. A. Tatum, Jr... and Chief Executive Officer, Texas Utilities Company,, Texas 1 B B 1969 Hugh F. S te e n..., El Paso Natural Gas Company, El Paso, Texas 3 B 1971 Carl J. T h o m sen... Chairman Senior Vice, Texas Instruments Incorporated,, Texas Appointed by the Board of Governors of the Federal Reserve System C 1970 Max L e v i n e... Deputy Chairman Retired Chairman of the Board, Foley s,, Texas Appointed by the Board of Governors of the Federal Reserve System C 1969 Chas. F. Jo n e s..., Humble Oil & Refining Company,, Texas Appointed by the Board of Governors of the Federal Reserve System C 1971

DALLAS, TEXAS ELECTION OF DIRECTORS REPORT OF NOMINATIONS VOTING PROCEDURES

DALLAS, TEXAS ELECTION OF DIRECTORS REPORT OF NOMINATIONS VOTING PROCEDURES F e d e r a l R e s e r v e B a n k o f D a l l a s DALLAS, TEXAS 75222 Circular No. 74-263 October 4, 1974 ELECTION OF DIRECTORS REPORT OF NOMINATIONS VOTING PROCEDURES To All Member Banks in the Eleventh