Lynn P. Talley, Noted Banker, Dies at Home
Served as Governor of Federal Reserve Bank in Dallas
Lynn P. Talley, former governor of the Federal Reserve Bank of Dallas and holder of many other important private and governmental banking positions, died a few minutes before midnight Wednesday at his home, 3808 Miramar.
Mr. Talley had been retired since 1935, and had been in ill health for some time.
Surviving are his wife; four daughters, Mrs. Charles M. Spence, St. Louis, Mo.; Mrs. W. P. Devereux and Miss Carolynn Talley, Dallas, and Mrs. John English, Washing, D.C.; a sister, Mrs. Wrenn T. Hallam, Fort Worth, and two grandchildren.
Funeral arrangements are pending with Sparkman-Brand Funeral Home.
Was Born at Belton.
Born at Belton, Bell County, the son of Ratliff Palmer Talley and Lavinia Caroline Porter Talley, Mr. Talley was graduated from Temple High School and attended Galveston Business University. His wife is a former Temple schoolmate, then Miss Martha Browning Downs, daughter of F. F. Downs, Temple banker.
in 1900 he began his business career as a stenographer with Weld & Neville, cotton firm at Temple, and for a time was with the G. D. & S. F. Railway. The next year he was transferred to Waco as chief clerk for Weld & Neville. It was in 1903 that he entered banking work, becoming exchange teller of the City National Bank of Dallas.
Promotions were steady, the young banker rising from department head to assistant cashier and then to cashier. In 1911 he transferred to Houston as cashier of the Lumberman's National Bank, later to become the Second National Bank, where he remained until 1915.
IN that year he moved back to Dallas to become cashier of the Federal Reserve Bank here, afterward becoming deputy governor, which place he held until 1921. Resigning this position, he became vice-president of the Southwest Texas National Bank, where re remained from 1921 to 1923. He returned to the Federal Reserve Bank as Federal Reserve agent and chairman of the board, in 1923. In July of 1925 he was made governor of the bank, giving him the unique distinction of having held every important executive position in the Federal Reserve Bank here.
SMU Trustee.
During his years in Dallas he served as vice-chairman of the board of trustees of Southern Methodist University and as a member of the executive committee, and also as an official of the board of the Dallas Methodist Hospital.
In 1931 Mr. Talley left Dallas to become chairman of the board of the Bank of America National Trust and Savings Association in San Francisco, Calif. A year later he became assistant to the directors of the Reconstruction Finance Corporation, moving to Washington, where still another year later he became president and chairman of the executive committee of the Commodity Credit Corporation. He also was a trustee, treasurer and member of the executive committee of the Export-Import Bank.
He retired from his government positions in 1935 and returned home to Dallas to spend his last years.
Mr. Talley was a member of the Highland Park Methodist Church, the Dallas Country Club, Dallas Athletic Club, University Club and City Club. He never took active part in politics, burt styled himself "formally a Republican."
Dallas Morning News (TX), October 8, 1942, Section 1, page 6
Lynn P. Talley Burial Arranged
Funeral services for Lynn Porter Tally (sic), 61, prominent retired banking official and former governor of the Federal Reserve Bank here who died late Wednesday, will be held at 3:30 p.m. Friday at this home 3808 Miramar. Dr. Umphrey Lee, president of Southern Methodist University, will officiate.
A member of the Methodist Church for many years, Mr. Talley during the years he lived in Dallas, Served as vice-chairman of the SMU board of trustees and as a member of the executive committee.
Mr. Talley is survived by his wife, four daughters, Mrs. Charles M. Spence, St. Louis; Mrs. W. P. Devereaux, Dallas, Mrs. John English, Washington, D.C.; Miss Carolynn Talley, a senior medical student at New Orleans, who is in the the hospital there and will be unable to attend her father's funeral because of a recent appendectomy; a sister, Mrs. Wrenn T. Hallam, Fort Worth, and two grandchildren.
Burial will be in Hillcrest Memorial Park, and pallbearers will be Dr. W. H. Potts, W. L. Burgher, R. O. Webb, R. R. Gilbert, Lang Wharton and Cruger Smith.
Dallas Morning News (TX), October 9, 1942, Section 1, page 3.
Served as Governor of Federal Reserve Bank in Dallas
Lynn P. Talley, former governor of the Federal Reserve Bank of Dallas and holder of many other important private and governmental banking positions, died a few minutes before midnight Wednesday at his home, 3808 Miramar.
Mr. Talley had been retired since 1935, and had been in ill health for some time.
Surviving are his wife; four daughters, Mrs. Charles M. Spence, St. Louis, Mo.; Mrs. W. P. Devereux and Miss Carolynn Talley, Dallas, and Mrs. John English, Washing, D.C.; a sister, Mrs. Wrenn T. Hallam, Fort Worth, and two grandchildren.
Funeral arrangements are pending with Sparkman-Brand Funeral Home.
Was Born at Belton.
Born at Belton, Bell County, the son of Ratliff Palmer Talley and Lavinia Caroline Porter Talley, Mr. Talley was graduated from Temple High School and attended Galveston Business University. His wife is a former Temple schoolmate, then Miss Martha Browning Downs, daughter of F. F. Downs, Temple banker.
in 1900 he began his business career as a stenographer with Weld & Neville, cotton firm at Temple, and for a time was with the G. D. & S. F. Railway. The next year he was transferred to Waco as chief clerk for Weld & Neville. It was in 1903 that he entered banking work, becoming exchange teller of the City National Bank of Dallas.
Promotions were steady, the young banker rising from department head to assistant cashier and then to cashier. In 1911 he transferred to Houston as cashier of the Lumberman's National Bank, later to become the Second National Bank, where he remained until 1915.
IN that year he moved back to Dallas to become cashier of the Federal Reserve Bank here, afterward becoming deputy governor, which place he held until 1921. Resigning this position, he became vice-president of the Southwest Texas National Bank, where re remained from 1921 to 1923. He returned to the Federal Reserve Bank as Federal Reserve agent and chairman of the board, in 1923. In July of 1925 he was made governor of the bank, giving him the unique distinction of having held every important executive position in the Federal Reserve Bank here.
SMU Trustee.
During his years in Dallas he served as vice-chairman of the board of trustees of Southern Methodist University and as a member of the executive committee, and also as an official of the board of the Dallas Methodist Hospital.
In 1931 Mr. Talley left Dallas to become chairman of the board of the Bank of America National Trust and Savings Association in San Francisco, Calif. A year later he became assistant to the directors of the Reconstruction Finance Corporation, moving to Washington, where still another year later he became president and chairman of the executive committee of the Commodity Credit Corporation. He also was a trustee, treasurer and member of the executive committee of the Export-Import Bank.
He retired from his government positions in 1935 and returned home to Dallas to spend his last years.
Mr. Talley was a member of the Highland Park Methodist Church, the Dallas Country Club, Dallas Athletic Club, University Club and City Club. He never took active part in politics, burt styled himself "formally a Republican."
Dallas Morning News (TX), October 8, 1942, Section 1, page 6
Lynn P. Talley Burial Arranged
Funeral services for Lynn Porter Tally (sic), 61, prominent retired banking official and former governor of the Federal Reserve Bank here who died late Wednesday, will be held at 3:30 p.m. Friday at this home 3808 Miramar. Dr. Umphrey Lee, president of Southern Methodist University, will officiate.
A member of the Methodist Church for many years, Mr. Talley during the years he lived in Dallas, Served as vice-chairman of the SMU board of trustees and as a member of the executive committee.
Mr. Talley is survived by his wife, four daughters, Mrs. Charles M. Spence, St. Louis; Mrs. W. P. Devereaux, Dallas, Mrs. John English, Washington, D.C.; Miss Carolynn Talley, a senior medical student at New Orleans, who is in the the hospital there and will be unable to attend her father's funeral because of a recent appendectomy; a sister, Mrs. Wrenn T. Hallam, Fort Worth, and two grandchildren.
Burial will be in Hillcrest Memorial Park, and pallbearers will be Dr. W. H. Potts, W. L. Burgher, R. O. Webb, R. R. Gilbert, Lang Wharton and Cruger Smith.
Dallas Morning News (TX), October 9, 1942, Section 1, page 3.
Lynn P. Talley, Noted Banker, Dies at Home
Served as Governor of Federal Reserve Bank in Dallas
Lynn P. Talley, former governor of the Federal Reserve Bank of Dallas and holder of many other important private and governmental banking positions, died a few minutes before midnight Wednesday at his home, 3808 Miramar.
Mr. Talley had been retired since 1935, and had been in ill health for some time.
Surviving are his wife; four daughters, Mrs. Charles M. Spence, St. Louis, Mo.; Mrs. W. P. Devereux and Miss Carolynn Talley, Dallas, and Mrs. John English, Washing, D.C.; a sister, Mrs. Wrenn T. Hallam, Fort Worth, and two grandchildren.
Funeral arrangements are pending with Sparkman-Brand Funeral Home.
Was Born at Belton.
Born at Belton, Bell County, the son of Ratliff Palmer Talley and Lavinia Caroline Porter Talley, Mr. Talley was graduated from Temple High School and attended Galveston Business University. His wife is a former Temple schoolmate, then Miss Martha Browning Downs, daughter of F. F. Downs, Temple banker.
in 1900 he began his business career as a stenographer with Weld & Neville, cotton firm at Temple, and for a time was with the G. D. & S. F. Railway. The next year he was transferred to Waco as chief clerk for Weld & Neville. It was in 1903 that he entered banking work, becoming exchange teller of the City National Bank of Dallas.
Promotions were steady, the young banker rising from department head to assistant cashier and then to cashier. In 1911 he transferred to Houston as cashier of the Lumberman's National Bank, later to become the Second National Bank, where he remained until 1915.
IN that year he moved back to Dallas to become cashier of the Federal Reserve Bank here, afterward becoming deputy governor, which place he held until 1921. Resigning this position, he became vice-president of the Southwest Texas National Bank, where re remained from 1921 to 1923. He returned to the Federal Reserve Bank as Federal Reserve agent and chairman of the board, in 1923. In July of 1925 he was made governor of the bank, giving him the unique distinction of having held every important executive position in the Federal Reserve Bank here.
SMU Trustee.
During his years in Dallas he served as vice-chairman of the board of trustees of Southern Methodist University and as a member of the executive committee, and also as an official of the board of the Dallas Methodist Hospital.
In 1931 Mr. Talley left Dallas to become chairman of the board of the Bank of America National Trust and Savings Association in San Francisco, Calif. A year later he became assistant to the directors of the Reconstruction Finance Corporation, moving to Washington, where still another year later he became president and chairman of the executive committee of the Commodity Credit Corporation. He also was a trustee, treasurer and member of the executive committee of the Export-Import Bank.
He retired from his government positions in 1935 and returned home to Dallas to spend his last years.
Mr. Talley was a member of the Highland Park Methodist Church, the Dallas Country Club, Dallas Athletic Club, University Club and City Club. He never took active part in politics, burt styled himself "formally a Republican."
Dallas Morning News (TX), October 8, 1942, Section 1, page 6
Lynn P. Talley Burial Arranged
Funeral services for Lynn Porter Tally (sic), 61, prominent retired banking official and former governor of the Federal Reserve Bank here who died late Wednesday, will be held at 3:30 p.m. Friday at this home 3808 Miramar. Dr. Umphrey Lee, president of Southern Methodist University, will officiate.
A member of the Methodist Church for many years, Mr. Talley during the years he lived in Dallas, Served as vice-chairman of the SMU board of trustees and as a member of the executive committee.
Mr. Talley is survived by his wife, four daughters, Mrs. Charles M. Spence, St. Louis; Mrs. W. P. Devereaux, Dallas, Mrs. John English, Washington, D.C.; Miss Carolynn Talley, a senior medical student at New Orleans, who is in the the hospital there and will be unable to attend her father's funeral because of a recent appendectomy; a sister, Mrs. Wrenn T. Hallam, Fort Worth, and two grandchildren.
Burial will be in Hillcrest Memorial Park, and pallbearers will be Dr. W. H. Potts, W. L. Burgher, R. O. Webb, R. R. Gilbert, Lang Wharton and Cruger Smith.
Dallas Morning News (TX), October 9, 1942, Section 1, page 3.
Served as Governor of Federal Reserve Bank in Dallas
Lynn P. Talley, former governor of the Federal Reserve Bank of Dallas and holder of many other important private and governmental banking positions, died a few minutes before midnight Wednesday at his home, 3808 Miramar.
Mr. Talley had been retired since 1935, and had been in ill health for some time.
Surviving are his wife; four daughters, Mrs. Charles M. Spence, St. Louis, Mo.; Mrs. W. P. Devereux and Miss Carolynn Talley, Dallas, and Mrs. John English, Washing, D.C.; a sister, Mrs. Wrenn T. Hallam, Fort Worth, and two grandchildren.
Funeral arrangements are pending with Sparkman-Brand Funeral Home.
Was Born at Belton.
Born at Belton, Bell County, the son of Ratliff Palmer Talley and Lavinia Caroline Porter Talley, Mr. Talley was graduated from Temple High School and attended Galveston Business University. His wife is a former Temple schoolmate, then Miss Martha Browning Downs, daughter of F. F. Downs, Temple banker.
in 1900 he began his business career as a stenographer with Weld & Neville, cotton firm at Temple, and for a time was with the G. D. & S. F. Railway. The next year he was transferred to Waco as chief clerk for Weld & Neville. It was in 1903 that he entered banking work, becoming exchange teller of the City National Bank of Dallas.
Promotions were steady, the young banker rising from department head to assistant cashier and then to cashier. In 1911 he transferred to Houston as cashier of the Lumberman's National Bank, later to become the Second National Bank, where he remained until 1915.
IN that year he moved back to Dallas to become cashier of the Federal Reserve Bank here, afterward becoming deputy governor, which place he held until 1921. Resigning this position, he became vice-president of the Southwest Texas National Bank, where re remained from 1921 to 1923. He returned to the Federal Reserve Bank as Federal Reserve agent and chairman of the board, in 1923. In July of 1925 he was made governor of the bank, giving him the unique distinction of having held every important executive position in the Federal Reserve Bank here.
SMU Trustee.
During his years in Dallas he served as vice-chairman of the board of trustees of Southern Methodist University and as a member of the executive committee, and also as an official of the board of the Dallas Methodist Hospital.
In 1931 Mr. Talley left Dallas to become chairman of the board of the Bank of America National Trust and Savings Association in San Francisco, Calif. A year later he became assistant to the directors of the Reconstruction Finance Corporation, moving to Washington, where still another year later he became president and chairman of the executive committee of the Commodity Credit Corporation. He also was a trustee, treasurer and member of the executive committee of the Export-Import Bank.
He retired from his government positions in 1935 and returned home to Dallas to spend his last years.
Mr. Talley was a member of the Highland Park Methodist Church, the Dallas Country Club, Dallas Athletic Club, University Club and City Club. He never took active part in politics, burt styled himself "formally a Republican."
Dallas Morning News (TX), October 8, 1942, Section 1, page 6
Lynn P. Talley Burial Arranged
Funeral services for Lynn Porter Tally (sic), 61, prominent retired banking official and former governor of the Federal Reserve Bank here who died late Wednesday, will be held at 3:30 p.m. Friday at this home 3808 Miramar. Dr. Umphrey Lee, president of Southern Methodist University, will officiate.
A member of the Methodist Church for many years, Mr. Talley during the years he lived in Dallas, Served as vice-chairman of the SMU board of trustees and as a member of the executive committee.
Mr. Talley is survived by his wife, four daughters, Mrs. Charles M. Spence, St. Louis; Mrs. W. P. Devereaux, Dallas, Mrs. John English, Washington, D.C.; Miss Carolynn Talley, a senior medical student at New Orleans, who is in the the hospital there and will be unable to attend her father's funeral because of a recent appendectomy; a sister, Mrs. Wrenn T. Hallam, Fort Worth, and two grandchildren.
Burial will be in Hillcrest Memorial Park, and pallbearers will be Dr. W. H. Potts, W. L. Burgher, R. O. Webb, R. R. Gilbert, Lang Wharton and Cruger Smith.
Dallas Morning News (TX), October 9, 1942, Section 1, page 3.
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