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F E D E R A L R E S E R V E BANK
O F NEW YORK
r Circular No. 3 6 9 1 T
I
April 18,1951
j

Nomination and Election of Class B Director
Term Ending December 31, 1952
(By member banks in Group 1 only, that is, member banks having capital and
surplus of $10,000,000 or over)
To Member Banks in the Second Federal Reserve District:

In accordance with the provisions of se t o 4 of the Federal Reserve Act, a amended, and
cin
s
Circular No. 3672, dated March 1 , 1951, i regard t e e t o of a d r c r of t i Bank f r the term o
6
n
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i e to
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o
f
o f c ending December 3 1 , 1 9 52 , t succeed L e w is H . B r o w n , formerly c a s B d r c o , there i given
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o
ls
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s
on page 2 the name of the candidate nominated for such d r c o , indicating by whom nominated.
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To each bank in Group 1 except banks a f l a e with holding company a f l a e which have desig­
,
fiitd
fiits
nated another bank t participate i t i e e t o , the following are being sent with t i circular:
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( ) Preferential b l o for use in voting for candidate for c a s B d r c o .
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alt
ls
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( ) Colored b l o envelope i which the b l o i t be s a e .
b
alt
n
alt s o
eld
( ) C r i i a e envelope bearing on i s face the c r i i a e i regard t the v t .
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etfct n
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(d) Addressed envelope i which a l of the foregoing should be returned t me.
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The b l o and c r i i a e on the c r i i a e envelope must be executed by an o f c r who has been
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authorized t c s the v t . A ls showing the o f c r designated for t i purpose by the r s e t v
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oe
it
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epcie
member banks i Group 1 was attached t the above mentioned c r u a dated March 1 , 1951, and a s m l r
n
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iclr
6
iia
ls amended t April 1 , 1951, i given on page 3 of t i c r u a . In order that the b l o may be s c e ,
it
o
7
s
hs iclr
alt
ert
the name of the bank and the name and t t e of the voting o f c r should not be written on the b l o , but
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fie
alt
should be written only on the c r i i a e envelope.
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( ) After the p e rential b l o has been marked,
1
r fe
alt
( ) I should be placed i the colored b l o envelope and that envelope s a e .
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n
alt
eld
( ) Then the sealed colored b l o envelope should be placed within the c r i i a e e velope,
3
alt
etfct n
and the c r i i a e envelope should be sealed and the c r i i a e thereon e ecuted.
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x
( Then the c r i i a e envelope containing the sealed colored b l o envelope should be
4)
etfct
alt
returned t me in the enclosed addressed envelope.
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The law provides that the b l o s a l be c s within 15 days a t r rec i of the ls of candi t s.
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The p l s w l open on April 1 , 1951, and w l c o e at 12 o’
ol il
9
il ls
clock noon, on Friday, May 4 1951, and i
,
n
order t be counted as valid the b l o must be received by me a or before the l t e t m . Upon th
o
alt
t
atr ie
e
clo in of the p l s the b l o box w l be opened in the board room of t i Bank, the s l d envelopes
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ol
alt
il
hs
ea e
containing the b l o s w l be opened, the votes counted and checked by t l e s and the r s l of the
alt il
elr
eut
e e t o announced. The candidate i invited t be present or represented on t i o c s o .
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The banks in Groups 2 and 3 will not vote in this election, and this circular is sent to them, without
forms for their information only.
R obert

T. S t e v e n s ,
Chairman of the Board.

*
As indicated in Circular No. 3672, dated March 16, 1951, section 4 o f the Federal Reserve Act, as amended, provides
that whenever any two or more member banks within the same Federal reserve district are affiliated with the same holding
company affiliate, participation by such member banks in the election o f directors o f Federal Reserve Banks shall be
confined to one o f such banks, and the holding company affiliate may designate the bank to participate in such election.
Consequently, the ballot o f any bank in Group 1 so affiliated cannot be counted as valid unless there is on file with me
evidence that such bank has been so designated.




Candidate for Class B Director
CLARENCE FRANCIS, NEW Y O R K , N. Y .

Chairman of the Board, General Foods Corporation, New York, N. Y.
C la r e n c e F r a n c is was born i Port Richmond, Staten I l n , New York, i 1 8 . He was graduated
n
sad
n 88
from Amherst College in 1910, and served on i s board of t u t e from 1944 through 1 5 . In 1950 he
t
rses
90
received the honorary degrees of Doctor of Commercial Science from New York University, and Doctor
of Laws from Trinity C l e e Hartford, Connecticut.
olg,
He entered business with Corn Products Refining Company i 1 1 . In 19 9 he became na ional
n 90
1,
t
s l s manager of the Cereal Division of the Ralston Purina Company, S . Louis, M ssouri. In 19 4 he
ae
t
i
2,
joined General Foods Corporation a domestic s l s manager of the Postum Company. S c e s v l ,
s
ae
ucsiey
Mr. Francis was v c p e i e , d r c o , and president of Post Products Company, Inc.;and v c president
i e r s d nt i e t r
ie
i charge of s l s executive v c p e i en , and president of General Foods Corporation. Since 1
n
ae,
ie rsd t
943, he
has been chairman of the board of d r c o s of General Foods Corporation.
ietr
Mr. Francis i chairman of the C t ze s Advisory Committee on Armed Services Training I s a l ­
s
ii n
ntla
t o s He i a t u t e of the Committee f Economic Development; a member of the board of d r c o s
in.
s rse
or
ietr
of the C t e s Committee for Reorganization of the Executive Branch of the Government;and a d r c o
i iz n
ietr
of the Northern P c f c Railroad, Air Reduction Company, I c , Mead Corporation, and Mutual L fe
aii
n.
i
Insurance Company of New York. He has been a member of the Business Advisory Council of th United
e
States Department of Commerce.
He i a d re
s i ctor of the Chemical Bank & Trust Company, New York C t , but w l resign as such
iy
il
i el c e a c a s B d r ct r of the Federal Reserve Bank of New York.
f e t d ls
ie o




Nom inated by the follow ing member banks in Group 1

NEW YORK
Place
Buffalo
New York City

Bank or Trust Company
The Marine Trust Company o f Buffalo
Bank o f the Manhattan Company
Bank o f New York and Fifth Avenue Bank
Bankers Trust Company
Central Hanover Bank and Trust Company
The Chase National Bank o f the City o f New York
Chemical Bank & Trust Company
City Bank Farmers Trust Company
The Commercial National Bank and Trust Company o f New York
The First National Bank o f the City o f New York
Guaranty Trust Company o f New York
Irving Trust Company
J. P. Morgan & Co. Incorporated
The National City Bank o f New York
The New York Trust Company
The Public National Bank and Trust Company o f New York

Rochester

Lincoln Rochester Trust Company

2

1 9 5 1 E lection o f Class B D irector
Term Ending December 31, 1952

List of 23 Member Banks in Group 1
Revised to April 17, 1951

Group 1 consists of member banks having capital and surplus of $10,000,000 or over

N EW JERSEY

Bank or Trust Company

Place
Newark

Officers Authorized to Cast Vote

Fidelity Union Trust C om p a n y .....................................

. President, or any Vice President

NEW YORK
Buffalo

Manufacturers and Traders Trust Company

Buffalo

The Marine Trust Company o f Buffalo

New York City

Bank o f the Manhattan C o m p a n y ...............................

. Honorary Chairman, Chairman, Vice
Chairman, or President

Bank o f New York and Fifth Avenue Bank .

. President, any Vice President, or Treasurer

.

.
.

. President, any Vice President, or Secretary
.

.

. President, or any Vice President

Bankers Trust C om p a n y..................................................

. President, or any Vice President

Central Hanover Bank and Trust Company

. President, or any Vice President designated
by the President

The Chase National Bank o f the City o f New York .

. Chairman o f the Board o f Directors, Presi­
dent, any Vice President, or Cashier

Chemical Bank & Trust C o m p a n y ...............................

. Chairman, President, or any Vice President

City Bank Farmers Trust Com pany...............................

. President, any Vice President, or Secretary

The Commercial National Bank and Trust Company
o f New Y o r k ..............................................................

. Chairman o f the Board, Vice Chairman o f
the Board, President, any Vice President,
or Cashier

Corn Exchange Bank Trust C om pan y.........................

. Chairman, Vice Chairman, President, or any
Vice President

The First National Bank o f the City o f New York

. President, any Vice President, or Cashier

Guaranty Trust Company o f New York

.

.

.

.
.

. President, any Vice President, or Secretary

Irving Trust C o m p a n y ..................................................

. Chairman, or in his absence, the President

Manufacturers Trust C o m p a n y .....................................

. Chairman o f the Board, Vice Chairman o f
the Board, President, Chairman o f the
Trust Committee, or any Vice President

The Marine Midland Trust Company o f New York

.

. Chairman o f the Board, President, any Vice
President, or Chairman o f the Executive
Committee

J. P. Morgan & Co. I n c o r p o r a t e d ...............................

. President, any Vice President, or Cashier

The New York Trust C om p a n y.....................................

. President, or any Vice President

The Public National Bank and Trust Company o f
New Y o r k .....................................................................

. President, any Vice President, or Cashier

United States Trust Company o f New York
Rochester

. President, or any Vice President

The National City Bank o f New Y o r k .........................

. President, or any Vice President

.

Lincoln Rochester Trust C o m p a n y ...............................




3

. President, or any Vice President

FEDERAL RESERVE BANK
O F NEW YORK

Preferential Ballot
April 18, 1951
Group No. 1
This ballot and the certificate on the certificate envelope must be executed by
an officer who has been authorized to cast the vote and whose appointment has
been duly certified.
The polls will open on April 19, 1951, and will close at 12 o ’clock noon on
Friday, May 4, 1951. This ballot must be returned so as to reach me before the
latter time.
Failure to observe instructions will invalidate this ballot.
R obert

T. S t e v e n s ,
Chairman o f the Board.

V O T E F O R CLASS B D IR E C T O R OF F E D E R A L R E S E R V E BAN K O F N E W Y ORK
for term o f office ending December 31, 1952
C a n d id a t e
C larence F rancis ,

New York, N. Y.

Chairman of the Board.
General Foods Corporation,
New York, N. Y.

(Indicate choice
by X below)

o

D IR E C TIO N S F O R V O T IN G
1. Mark this preferential ballot to indicate choice.
2. Place preferential ballot so marked in the colored ballot envelope and seal that envelope.
3. Place sealed colored ballot envelope in certificate envelope and seal certificate envelope and
execute certificate thereon.
4. Return sealed and executed certificate envelope (with sealed colored ballot envelope enclosed
therein) in envelope addressed to Mr. Robert T. Stevens, Chairman, Board o f Directors, Federal
Reserve Bank o f New York, Federal Reserve P. O. Station, New York 45, N. Y.




BALLOT ENVELOPE
E l e c t i o n o f C l a s s B D ir e c t o r
of Federal Reserve Bank of New York
The marked preferential ballot should be placed in this
envelope, and this envelope should then be sealed and
placed in the certificate envelope.



C E R T IF IC A T E E N V E L O P E

This Envelope Should Contain Only Ballot in Sealed Colored Envelope
It W ill Not Be Opened U n til Polls Close
G r o u p N o. 1

................................................................................................................... )

1951.

(D a te )

To

M b. R obert

T.

S teven s,

Chairman of the Board,
Federal Reserve Bank of New York.
In accordance with s c i n 4 o the Federal Reserve Act, as amended, I hereby c r i y th
eto
f
e t f at
my c i e f a c a s B d re t r o the Federal Reserve Bank of New York for term o o f c
ho c or l s
i co f
f fie
ending December 3 , 1952, i a indicated thus (X) i the column of t b l o sealed h r i .
1
s s
n
he a l t
een
’
or
(N am e o f B ank)

 (Location o f Bank)


........................................................................................................................................
(S ig n a tu re o f officer designated to vote. See list o f m em ber banks
in G rou p 1 in C ircu lar N o. 369 1)

( T I T L E o f V o tin g O fficer)




M r . R o b e r t T . St e v e n s ,
Chairman, Board o f Directors,

Federal Reserve Bank of New York,
Federal Reserve P. 0 . Station,
New York 45, N. Y.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102