Well perhaps I stand corrected on the timing by a couple of years. The combination of the super stiff "felt" and that version of "Running Man" Mr. Red are more indicative of the '70s to me personally.
Here is a great article on Mr. Red, as he evolved through the years, with very specific timelines. Link directly below...
https://uni-watch.com/2015/08/24/rad...tudy-3-mr-red/
So 1968 is when the Running Man Logo first officially appeared. But I can assure you that Crosley Field was still loaded with souvenirs, pennants and epherma of the more classic version of Mr. Red all the way through the 1968 season (see the guy pictured, as well as two links below...)
https://www.ebay.com/itm/1968-Housto...MAAOSw0TxdUJJo
https://www.ebay.com/itm/1968-CINCIN...4AAOSwsAdeRMYl
Awesome Banner, regardless of the exact year. But if similar ones were created for other teams, you'd think we would have seen at least one other example. So it might remain a mystery until another one surfaces!