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F E D E R A L R E S E R V E BANK
O F N E W YORK
/"Circular No. 4 0 4 4 1
I October 10. 1960 J

Nomination and Election of Directors

To M em ber Banks o f the Second Federal R eserve D istrict:

An election will be held under the provisions of section 4 of the Federal Reserve Act, as
amended, to choose successors to the following directors of this Bank whose terms will expire
December 31, 1960: class A director, C y r u s M. H i g l e y , President and Trust Officer, The
Chenango County National Bank and Trust Company of Norwich, Norwich, N. Y., and class
B director, A u g u s t u s C. L o n g , Chairman, Board o f Directors, Texaco Inc., New York, N. Y.
Both directors w ere elected by member banks in Group 3 and their successors will be
chosen by this group. The member banks in Groups 1 and 2 will not participate in this election.
The classification of member banks for the purpose o f nomination and election of class A
and B directors o f the Federal Reserve Bank of New York is as follow s:
Group 1 consists of banks with capital and surplus of $25,000,000 or more;
Group 2, of banks with capital and surplus of more than $1,000,000 but less than $25,000,000; and
Group 3, of banks with capital and surplus of $1,000,000 or less.

F or the purposes o f this election, a member bank’s classification will be determined by its
capital and surplus as o f the date of this circular, even though its capital and surplus may
change before the polls close. The banks comprising Group 3 are listed on the following pages.
Except in the case of two or more banks affiliated with the same holding company affiliate,*
each bank in Group 3 is permitted to nominate a candidate for class A director and a candidate

♦Section 4 o f the F ed era l R es e rv e A ct, as am en ded, rea ds in part as f o llo w s :

“ . . . 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 any such
nomination or election shall be confined to one of such banks, which may be designated for the purpose
by such holding company affiliate. ’ ’
A c c o r d in g ly , banks in G ro u p 3 a ffected b y the fo r e g o in g p r o v is io n o f the la w are req u ested t o take p rom p t
a ction to have th e appropriate h old in g co m p a n y affiliate design ate, if it has n o t a lrea d y d esign a ted , on e o f its
affiliated bank s to participate in this n om in ation and election.




fo r class B
directors o f
me so as to
appropriate

director.** The nominations should be made by resolutions o f the boards of
the nominating banks and certified copies o f such resolutions should be sent to
reach me on or before November 14, 1960. The enclosed printed form s show the
forms o f resolution, and one executed copy of each form should be returned to me.

On November 16,1960, copies of the list o f candidates (indicating by whom nominated) and
preferential ballots will be mailed so that, in the normal course of the mails, they will be
received by all banks in Group 3 on November 17, 1960. The law provides that the ballot shall
be cast within 15 days after receipt o f this list. The polls will open at 9 a.m., November 17, 1960,
and will close at 12 o ’clock noon on Friday, December 2, 1960. Upon the closing of the
polls the ballot box will be opened in the board room of this Bank, the votes counted and
checked by tellers, and results o f the election announced. The candidates will be invited to be
present or represented on that occasion.
In order to be counted as valid, the ballot must be executed by an officer authorized to
cast the vote and must be received by me at or before the time thus fixed fo r the closing of
the polls (i.e., at or before 12 o ’clock noon on Friday, December 2, 1960). The officers
heretofore designated for this purpose by the respective banks in Group 3 are shown in the
list on the following pages. Each Group 3 bank that has not designated an officer or officers
fo r the purpose o f executing the ballot, or any Group 3 bank that desires to change its
authorization, should do so by resolution of its board o f directors; a certified copy of such
resolution must reach me before the polls close. A form for this purpose will be furnished
upon request.
Because banks in Groups 1 and 2 will not participate in this election, this circular is sent
to them without form s and fo r their information only.
P h i l i p D. R e e d ,
Chairman o f the Board.
* * S e ctio n 4 o f th e F ed era l R e serv e A ct, as am en ded , reads in p a rt as fo llo w s :

*‘ Class A shall consist of three members, who shall be chosen by and be representative of the stock­
holding 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.”
“ 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. ’ ’
[O n Ju ly 2, 1925, the B oard o f Governors o f the Federal Reserve System advised that it had “ reached the conclusion
that a person whose sole occupation is that o f officer o f an insurance com pany is not eligible fo r election as a class B
director o f a Federal Reserve B a n k ,” and on October 18, 1939, the B oard advised “ that a person whose sole occupation
is that o f president o f a Federal savings and loan association and who has been serving as a class A director is n ot now
eligible fo r election and service as a class B d irector.” ]

“ 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 Decem ber 23, 1915, the B oard o f Governors o f the Federal Reserve System expressed the
opinion “ that persons holding political or public office in the service o f the U nited States, or o f any State, territory,
county, district, political subdivision, or m unicipality thereof, or acting as members o f political pa rty committees,
cannot consistently with the spirit and underlying principles o f the Federal Reserve A ct, serve as directors or officers o f
Federal Reserve B anks.” ]




2

1960 Election of Directors

List of 322 Member Banks in Group 3
(Group 3 consists of member banks with capital and surplus of $1,000,000
or less, on October 10,1960J
N E W JE R SE Y
Nam e o f Bank or Trust Company

Place

Officers Authorized to Cast V ote
President, V ice President, or Cashier

Allendale

The F irst N ational Bank o f A lle n d a le ...........................

Allen town

The Farmers National Bank o f Allentown

Bayonne

The Broadway N ational Bank o f Bayonne

Belleville

Peoples N ational Bank & Trust Company o f Belleville . President, any V ice President, or Cashier
.

. President, V ice President, or Cashier
.

Belvidere

The F irst N ational Bank o f Belvidere

Bernardsville

Somerset H ills N ational Bank o f Bernardsville

Blairstown

The First N ational Bank o f Blairstown

.

.

. President, any V ice President, or Cashier

.

.

.

. President, any V ice President, or Cashier

. .

. President, any V ice President, or Cashier

President, any V ice President, or Cashier

Bloom sbury

The Citizens N ational Bank o f Bloomsbury

President, any V ice President, or Cashier

B ogota

Bank o f B o g o t a ...................................................................

President, any V ice President, or Cashier

Bogota

The B ogota N ational B a n k ...................................................... President, any V ice President, or Cashier

Boonton

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

Bound Brook

Bound Brook Trust C o m p a n y ........................................

President, anv V ice President, or Treasurer

Bradley Beach

The F irst N ational Bank o f Bradley Beach

President, any V ice President, or Cashier

President, any V ice President, or Treasurer

Branchville

The Branchville N ational B a n k ........................................

President, any V ice President, or Cashier

Butler

The F irst N ational Bank o f B u t l e r ...........................

President, any V ice President, Cashier, or the
Assistant to the President

Califon

Hunterdon County Trust C o m p a n y ...........................

President, any V ice President, Treasurer,
or Assistant Treasurer
. President, any V ice President, or Treasurer

Carteret

Carteret Bank and Trust C o m p a n y ..................................

Carteret

F irst N ational Bank in C a r t e r e t .................................

Clark

Clark State B a n k ...................................................................

President, any V ice President, or Cashier
. President, or Executive V ice President

Cliffside Park

The United National Bank o f Cliffside Park

Clinton

The Clinton N ational B a n k ......................................................

.

President, any V ice President, or Cashier

Clinton

The F irst N ational Bank o f C l i n t o n .................................

President, any V ice President, or Cashier

Closter

Closter N ational Bank and Trust Company

President, any V ice President, or Cashier

Cranbury

The F irst N ational Bank o f C r a n b u r y .................................

Dunellen

The F irst N ational Bank o f D u n e l l e n .................................

President, or Cashier

Dunellen

The P eop le’ 8 Trust C o m p a n y ...............................................

President, any V ice President, Treasurer, or
Assistant Treasurer

Edgewater

The Edgew ater N ational B a n k ...............................................

President, any V ice President, or Cashier

Flem ington

The Flem ington N ational Bank and Trust Company .

President, any V ice President, or Cashier

fo r d s

The Fords N ational B a n k ...............................................

. President, any V ice President, or Cashier

F o rt Lee

F irst N ational Bank in F ort L e e .................................

President, any V ice President, or Cashier

F o rt Lee

F ort Lee Trust C o m p a n y ...............................................

President, any V ice President, Cashier, or
Secretary and Treasurer

.

President, any V ice President, or Cashier

President, any V ice President, or Cashier

Franklin

Sussex County Trust C o m p a n y ........................................

President, any V ice President, or Treasurer

Gladstone

Peapack-Gladstone B a n k ......................................................

President, any V ice President, or Cashier

Glen Ridge

Glen R idge Trust C o m p a n v ...............................................

President, any V ice President, or Secretary

Hackensack

The City National Bank and Trust Company o f
H a c k e n s a c k ...............................................

. President, any V ice President, or Cashier

Hackettstown

The H ackettstown N ational Bank

. President, any V ice President, or Cashier

Hackettstown

The Peoples N ational Bank o f Hackettstown

Ham burg

The H ardyston N ational Bank o f Hamburg




3

.

President, any V ice President, or Cashier
President, any V ice President, or Cashier

GROUP 3
N E W J E B S E Y (Continued)

Place

N am e o f Bank or Trust Com pany

Officers Authorized to Cast V ote

Hope

The F irst N ational Bank o f H o p e ........................................

President, any V ice President, or Cashier

K eyp ort

The P e o p le ’s N ational Bank o f K e y p o r t ...........................

President, any V ice President, Cashier,
or Secretary

Lake H iawatha

The B oonton N ational Bank o f Parsippany-Troy Hills,
N ew J e r s e y ................................................................................. President, any V ice President, or Cashier

LambertviUe

The LambertviUe N ational B a n k ........................................

Livingston

Livingston N ational B a n k ...................................................... President, any V ice President, or Cashier

L on g Branch

L on g Branch Trust C o m p a n y ...............................................

President

Manville

The M anville N ational B a n k ...............................................

President, any V ice President, or Cashier

Matawan

The Farmers and Merchants N ational Bank o f Matawan President, any V ice President, or Cashier

President, any V ice President, or Cashier

Matawan

The Matawan B a n k ...................................................................

M iddletown

Keansburg-M iddletown N ational B a n k .................................

President, any V ice President, or Cashier

M ilford

The F irst N ational Bank o f M i l f o r d .................................

President, any V ice President, or Cashier

M illb u m

M illbum -Short H ills B a n k .....................................................

President, any V ice President, or Cashier
President, any V ice President, or Cashier

President, any V ice President, or Cashier

M illtown

The F irst N ational Bank o f M i l l t o w n .................................

N etcong

The Citizens N ational Bank o f N e t c o n g ...........................

President, any V ice President, or Cashier

Newark

Union N ational Bank in Newark

President, any V ice President, Cashier, or
Assistant Cashier

.

.

.

.

N ew ton

The Sussex and Merchants National Bank o f Newton . President, any V ice President, or Cashier

Orange

The Second N ational Bank o f O r a n g e ..................................

Palisades Park

The N ational Bank o f Palisades P a r k .................................

President, any V ice President, or Cashier

Park Ridge

The F irst N ational Bank o f Park R i d g e ...........................

President, any V ice President, or Cashier

Perth Am boy

The Perth A m boy N ational B a n k ........................................

President, any V ice President, or Cashier

Pliillipsburg

The Phillipsburg N ational Bank and Trust Company . President, any V ice President or Cashier

President, any V ice President, or Cashier

Phillipsburg

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

President, any V ice President, or Treasurer

Phillipsburg

The Second N ational Bank o f Phillipsburg

President, any V ice President, or Cashier

Ramsey

The F irst N ational Bank and Trust Company o f Ramsey President, any V ice President, or Cashier

Raritan

Raritan State B a n k ...................................................................

President, Cashier, or Secretary

Ridgefield Park

Ridgefield Park Trust C o m p a n y ...............................................

President, any V ice President, or Secretary

Rochelle Park

Community Bank o f B ergen County, N . J ........................... President, any V ice President, or Cashier

Roselle

The First N ational Bank o f R o s e l l e .................................

President, any V ice President, or Cashier

Saddle Brook

The Bank o f Saddle B rook & L o d i ........................................

President, any V ice President, or Cashier

Sayreville

The F irst N ational Bank o f S a y r e v ille .................................. President, any V ice President, or Cashier

Sea B right

The Sea B rig h t N ational B a n k ...............................................

South A m boy

The F irst N ational Bank o f South A m b o y ........................... President, any V ice President, or Cashier

South Plainfield

The F irst N ational Bank o f South Plainfield .

Spring Lake

F irst N ational Bank o f Spring L a k e .................................. President, any V ice President, or Cashier

Sussex

The Farm ers N ational Bank o f S u s s e x .................................

President, any V ice President, or Cashier

.

.

.

.

.

.

.

President, Cashier, or A ssistant Cashier

President, any V ice President, or Cashier

W ashington

The F irst N ational Bank o f W a s h in g t o n ...........................

Cashier

W ashington

W ashington Trust Company, o f W ashington, N . J.

President, any V ice President, Cashier, or
R. D . Stevens, Treasurer

W est Belm ar

Belm ar-W all N ational B a n k ......................................................

President, any V ice President, or Cashier

W estw ood

The F irst N ational Bank o f W e s t w o o d ..................................

President, any V ice President, or Cashier

W hippany

The F irst N ational Bank o f W h i p p a n y ...........................

President, any V ice President, or Cashier

W oodbridge

W oodbridge N ational B a n k ......................................................

President, any V ice President, or Cashier

W ood Ridge

The W ood R idge N ational B a n k ........................................

President, any V ice President, or Cashier

W yckoff

The F irst N ational Bank o f W y c k o f f .................................

President, any V ice President, or Cashier




4

GROUP 3
NEW YORK
Place
Addison

Nam e o f Bank or Trust Company

Officers Authorized to Cast V ote

The F irst N ational Bank o f A d d i s o n .................................. President, any V ice President, or Cashier

A fto n

F irst N ational Bank o f A f t o n ...............................................

Alden

A lden

State B a n k ...................................................................

President, any V ice President, or Cashier
President, any V ice President, or Cashier

A llegan y

The F irst N ational Bank o f A l l e g a n y ..................................

President, any V ice President, or Cashier

Am enia

T he F irst N ational Bank o f A m e n i a ...........................

President, any V ice President, or Cashier

Amsterdam

The F irst N ational Bank o f A m s t e r d a m ...........................

President, any V ice President, or Cashier

A ngola

The Evans N ational Bank o f A n g o l a .................................. President, any V ice President, or Cashier

Arcade

The Citizens Central B a n k ...................................................... President, any V ice President, or Cashier

A rgyle

The N ational Bank o f A r g v l e ...............................................

President, a n y V ice President, or Cashier

A tlanta

A tlanta N ational B a n k ............................................................

President, any V ice President, or Cashier

A ttica

The Citizens B a n k .......................................................................... President, any V ice President, or Cashier

Aurora

The F irst N ational Bank o f A u r o r a .................................

A voca

Bank o f A v o c a ................................................................................. President, any V ice President, or Cashier

President, any V ice President, or Cashier

Ballston Spa

The Ballston Spa N ational B a n k ........................................

President, Viee President, or Cashier

Batavia

The F irst N ational Bank o f B a t a v i a .................................

President, any V iee President, Cashier, or
Assistant Cashier

Bath

The Bath N ational B a n k ............................................................

President, any V ice President, or Cashier

Beacon

The Fishkill N ational Bank o f B e a c o n .................................. President, any V ice President, or Cashier

Beacon

The Matteawan N ational Bank o f B e a c o n ........................... President, any V ice President, or Cashier

B elfast

B elfast N ational B a n k ............................................................

B ellport

The B ellport N ational B a n k ...................................................... President, any V ice President, or Cashier

President, any Viee President, or Cashier

Belm ont

The State Bank o f Belmont, N. Y ............................................

President, any V ice President, or Cashier

Bolivar

The F irst N ational Bank o f B o l i v a r .................................

President, any V ice President, or Cashier

Boonville

The F irst N ational Bank o f B o o n v ille .................................

President, any V ice President, or Cashier

Boonville

The N ational Exchange Bank o f B oonville

President, any V ice President, or Cashier

Brewster

The F irst N ational Bank o f B r e w s te r s .................................

President, any V ice President, or Cashier

Bridgeham pton

The Bridgeham pton N ational B a n k ........................................

President, any V ice President, or Cashier

Broadalbin

The Broadalbin B a n k ...................................................................

President, any V ice President, or Cashier

Bronxville

The Grama tan N ational Bank and Trust Company o f
B r o n x v i l l e ............................................................
President, Cashier, or any Assistant Cashier

.

.

.

.

B uffalo

Lincoln N ational B a n k ...........................

Cairo

The First N ational Bank o f Cairo

Caledonia

The F irst N ational Bank o f Caledonia

Callicoon

First N ational Bank in C a l l i c o o n ........................................

President, any V ice President, or Cashier

Cambridge

The Cambridge V alley N ational B a n k .................................

President, any V ice President, or Cashier

Candor

The F irst N ational Bank o f C a n d o r .................................. President, any V ice President, or Cashier

Canisteo

F irst State Bank, Canisteo, N . Y ............................................

President, any V ice President, Cashier, or
Assistant Cashier

Canton

The First N ational Bank o f C a n t o n .................................

President, any V ice President, or Cashier

Canton

The St. Lawrence County N ational Bank o f Canton

President, any V ice President, or Cashier

Cape Vincent

Citizens Bank o f Cape V i n c e n t ...............................................

President, any V ice President, or Cashier

Carmel

The Putnam County N ational Bank o f Carmel

President, any Viee President, or Cashier

Castleton on
Hudson

The N ational Exchange Bank o f Castleton on Hudson . President, any V ice President, or Cashier

Catskill

Catskill N ational Bank and Trust Com pany

Catskill

The Tanners N ational Bank o f C a t s k i l l ...........................

President, any V ice President, or Cashier

Cattaraugus

Bank o f C a tta r a u g u s ...................................................................

President, any V ice President, or Cashier




.

.

President, any V iee President, or Cashier
.

.

President, any V ice President, or Cashier

.

President, any V ice President, or Cashier

5

.

.

.

.

.

President, any V ice President, or Cashier

GROUP 3
N E W Y O R K ( Continued)

Place

Nam e o f Bank or Trust Company

Officers Authorized to Cast V ote

Central Square

The F irst N ational Bank o f Central Square

Central V alley

The Central V alley N ational B a n k .......................................... President, any V ice President, or Cashier

.

.

.

.

Chappaqua

N orthern W estchester National Bank, Chappaqua

Chateaugay

The F irst N ational Bank o f C h a t e a u g a y .............................President, any V ice President, or Cashier

.

President, any V ice President, or Cashier

.

President, any V ice President, or Cashier

Cherry V alley

O tsego County N ational Bank o f Cherry Valley

Chester

The Chester N ational B a n k ....................................................... President, any V ice President, or Cashier

Chestertown

Chester-Schroon-Horicon B a n k .................................................President, any V ice President, or Cashier

Cicero

Cicero State B a n k ...................................................................................................................................................................

Clayton

The F irst N ational Exchange Bank o f Clayton

C lifton Springs
Clinton

. President, any V ice President, or Cashier

.

.

The Ontario N ational Bank o f C lifton Springs .

President, any V ice President, or Cashier
. President, any V ice President, or Cashier

The H ayes N ational Bank o f C l i n t o n ....................................President, any V ice President, or Cashier

Clyde

B riggs N ational Bank o f C l y d e .................................................President, any V ice President, or Cashier

Clymer

Clymer State B a n k ..................................................................... President, any V ice President, or Cashier

Cohocton

The Cohocton State B a n k ........................................................President, any V ice President, Cashier, or
Assistant Cashier

Cohoes

The N ational Bank o f C o h o e s ................................................. President, any V ice President, or Cashier

Cold Spring

The N ational Bank o f Cold Spring on Hudson

Cooperstown

The F irst N ational Bank o f C o o p e r s t o w n .............................President, any V ice President, or Cashier

. President, any V ice President, or Cashier

Coxsackie

The N ational Bank o f C o x s a c k i e .......................................... President, or any V ice President

Cuba

The Cuba N ational B a n k .............................................................. President, any V ice President, or Cashier

Cuba

The F irst N ational Bank o f C u b a .......................................... President, any V ice President, or Cashier

Delevan

Bank o f D e l e v a n ........................................................................... President, any V ice President, or Cashier

D elhi

The Delaware N ational Bank o f D e l h i ................................... President, any V ice President, or Cashier

D eposit

The Farmers N ational Bank o f D e p o s i t .............................President, any V ice President, or Cashier

Dexter

The F irst N ational Bank o f D e x t e r ................................... President, any V ice President, Cashier, or
Assistant Cashier

D olgeville

The F irst N ational Bank o f D o lg e v ille ................................... President, any V ice President, or Cashier

Dover Plains

The Dover Plains N ational B a n k .......................................... President, any V ice President, or Cashier

Downsville

The F irst N ational Bank o f D o w n s v i l l e .............................President, any V ice President, or Cashier

D ryden

The F irst N ational Bank o f D r y d e n ................................... President, any V ice President, or Cashier

Dundee

Dundee State B a n k .....................................................................President, or Cashier

E ast Islip

The F irst N ational Bank o f E ast I s l i p .............................President, or Cashier

E ast Setauket

The Tinker N ational Bank o f East Setauket

Edm eston

The F irst N ational Bank o f E d m e s t o n .............................President, any V ice President, or Cashier

.

.

.

.

President

Ellenville

Ellenville N ational B a n k ....................................................... President, any V ice President, or Cashier

Ellenville

The F irst N ational Bank and Trust Company o f Ellenville

E ndicott

The E ndicott N ational B a n k ................................................. President, any V ice President, or Cashier

Fleischmanns

The F irst N ational Bank o f Fleischmanns

Florida

The N ational Bank o f F l o r i d a .................................................President, any V ice President, or Cashier

.

.

.

.

President, any V ice President, or Cashier

President, any V ice President, or Cashier

F o rt Plain

The F o rt Plain N ational B a n k .................................................President, any V ice President, or Cashier

F ran k fort

Citizens F irst N ational Bank o f F ran k fort

.

.

.

.

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

Franklinville

The U nion N ational Bank o f Franklinville

.

.

.

.

President, any V ice President, or Cashier

Fredonia

The N ational Bank o f F r e d o n i a ................................................. President, any V ice President, or Cashier

Geneseo

Genesee Valley N ational Bank and Trust Company o f
G e n e s e o ....................................................................................... President, any V ice President, Cashier, or
Executive Officer

Geneva

The N ational Bank o f G e n e v a .................................................President, any V ice President, or Cashier




6

GROUP 3
N E W Y O R K ( Continued)

Place

Nam e o f Bank or Trust Company

Officers Authorized to Cast Vote

Gloversville

Trust Company o f Fulton C o u n t y .................................

. President, any V ice President, or Treasurer

Goshen

The Goshen N ational B a n k ...............................................

. President, anv V ice President, or Cashier

Gouverneur

Bank o f G o u v e r n e u r ............................................................

President, Executive V ice President & Trust
Officer, any V ice President, or Cashier

Gouverneur

First N ational Bank in G o u v e r n e u r ...........................

. President, any V ice President, or Cashier

Greene

First N ational Bank in G r e e n e ........................................

. Cashier

Greenwich

The First National Bank o f Greenwich

. President, any V ice President, or Cashier

Groton

The First N ational Bank o f G r o t o n ...........................

. President, any V ice President, or Cashier

Ham burg

The Peoples Bank o f H a m b u r g ........................................

. President, or Cashier

Hamden

The First N ational Bank o f H a m d e n ...........................

. President, any V ice President, or Cashier

Hammond

The Citizens N ational Bank o f Hammond .

. President, anv V ice President, or Cashier

Hampton Bays

The Hampton Bays N ational B a n k ...........................

. President, anv V ice President, or Cashier

Hancock

The F irst N ational Bank o f H a n c o c k ...........................

. President, any V ice President, or Cashier

Hempstead

The Second N ational Bank and Trust Company o f
H e m p s t e a d ..........................................................................
. President, any V ice President, or Cashier

.

.

Hermon

The First N ational Bank o f H e r m o n ...........................

. President, any V ice President, or Cashier

Heurelton

The First N ational Bank o f H e u v e lt o n ...........................

. President, anv V ice President, or Cashier

Highland

The F irst National Bank o f H ig h l a n d ...........................

. President, any V ice President, or Cashier

Highland Falls

First N ational Bank in H ighland Falls

H obart

The N ational Bank o f H o b a r t ........................................

. President, any V ice President, or Cashier

Holcomb

The Hamlin N ational Bank o f H olcom b

. President, any V ice President, or Cashier

Holland

Bank o f H o l l a n d ...................................................................

. President, any V ice President, or Cashier

Homer

The Homer N ational B a n k ..............................................

. President, any V ice President, or Cashier

Hudson Falls

The First National Bank o f Hudson Falls .

.

.

.

. President, any V ice President, or Cashier

Interlaken

The Wheeler National Bank o f Interlaken .

.

.

.

. President, any V ice President, or Cashier

Jeffersonville

The First National Bank o f Jeffersonville .

.

.

.

. President, any V ice President, or Cashier

Johnstown

The Johnstown B a n k ............................................................

. President, any V ice President, or Cashier

Keeseville

The Keeseville National B a n k ........................................

. President, any V ice President, Cashier, or
Assistant Cashier

Kenmore

State Bank o f K e n m o r e ......................................................

. President, any V ice President, or Cashier

Kerhonkson

The Kerhonkson N ational B a n k ........................................

Kinderhook

The N ational Union Bank o f Kinderhook .

.

.

.

.

.

.

.

.

. President, any V ice President, or Cashier

.

.

. President, any V ice President, or Cashier
.

. President, any V ice President, or Cashier

K ings Park

The N ational Bank o f K in gs P a r k ...........................

. President, any V ice President, or Cashier

K ingston

The Rondout N ational Bank o f K ingston

. President, any V ice President, or Cashier

Lacona

The First N ational Bank o f L a c o n a ...........................

La Fargeville

The First N ational Bank o f La Fargeville .

Lake George

First N ational Bank o f Lake G e o r g e ...........................

.

.

.

.

President, anv V ice President, or Cashier
. President, any V ice President, or Cashier
President, any V ice President, or Cashier

I>ake
Ronkonkoma

The N ational Bank o f Lake Ronkonkoma .

Liberty

The N ational Bank o f L i b e r t y ........................................

. President, any V ice President, or Cashier

Lindenhurst

The Lindenhurst. B a n k ......................................................

. President, any V ice President, or Cashier

Lisbon

The First N ational Bank o f L i s b o n .................................

. President, any V ice President, or Cashier

L ittle Falls

The Herkimer County Trust C o m p a n y ...........................

. President, any V ice President, or Secretary

Little Falls

The Little Falls N ational B a n k .................................

President, any V ice President, or Cashier

.

.

.

President, any V ice President, or Cashier

Livingston
Manor

The Livingston M anor National B a n k ...........................

. President, any V ice President, or Cashier

Locust Valley

Matin ecock B a n k ...................................................................

. President

Lowville

Lewis County Trust C o m p a n y ........................................

. President, any V ice President, or Secretary




7

GROUP 3
N E W Y O R K ( Continued)

Place

Nam e o f Bank or Trust Company

Officers Authorized to Cast V ote

Lyndonville

Citizens State B a n k ................................................................... President, any V iee President, or Cashier

Lyons

The Lyons N ational B a n k ......................................................President, any V ice President, or Cashier

Lyons Falls

The Lyons Falls N ational B a n k ........................................ President, any V ice President, or Cashier

M adrid

M adrid B a n k .................................................................................Cashier

Mahopae

The Mahopae N ational B a n k ..................................

.

Chairman o f the Board, President, any
V ice President, or Cashier

Malone

The Citizens N ational Bank o f M a lo n e ................................. President, any V iee President, or Cashier

Malone

The Farmers N ational Bank o f M a l o n e ...........................President, any V ice President, or Cashier

M argaretville

The Peoples N ational Bank o f M argaretville .

M arion

The First N ational Bank o f M a r i o n ..................................President, any Viee President, Cashier, or
Assistant Cashier

.

.

.

President, any V ice President, or Cashier

M arlboro

The First N ational Bank o f M a r lb o r o ..................................President, any V iee President, or Cashier

Massena

The Massena Banking and Trust Company

.

.

.

.

President, any V ice President, or Treasurer

M attituck

The N orth Fork Bank and Trust Company

.

.

.

.

President, any V ice President, or Secretary

M aybrook

The M aybrook N ational B a n k ............................................... President, any V ice President, or Cashier

M exico

The F irst N ational Bank o f M e x i c o ..................................President, or any V ice President

Middletown

Orange County Trust C o m p a n y ............................................... President, any V ice President, or Secretary

M illbrook

Bank o f M i l l b r o o k ................................................................... President, V ice President, or Cashier

M illerton

The M illerton N ational B a n k ............................................... President, any V ice President, or Cashier

Milton

The F irst N ational Bank o f M i l t o n ..................................President, any V ice President, or Cashier

M inoa

F irst N ational Bank o f M i n o a ............................................... President, V iee President, or Cashier

M onroe

Citizens Bank o f M o n r o e ......................................................President, any V ice President, or Cashier

M ontgom ery

F irst N ational Bank in M o n t g o m e r y ..................................President, any V ice President, or Cashier

M onticello

The N ational Union Bank o f M o n t i c e l l o ........................... President, Viee President, or Cashier

M onticello

The Sullivan County Trust C o m p a n y ..................................President, any V iee President, Treasurer,
or Cashier

M ontour Falls

M ontour N ational Bank in M ontour Falls

Moravia

The F irst N ational Bank o f M o r a v i a ..................................President, or V ice President

.

.

.

.

President, any V ice President, or Cashier

Morris

The F irst N ational Bank o f M o r r i s ..................................President, any V iee President, or Cashier

M ount K isco

The M ount K isco N ational Bank and Trust Company . President, any V ice President, or Cashier

Nanuet

Nanuet N ational B a n k .............................................................President, any V ice President, or Cashier

N arrow sburg

The F irst N ational Bank o f N a r r o w s b u r g ...........................President, any V ice President, or Cashier

New ark V alley

The F irst N ational Bank o f Newark Valley

Newburgh

The Columbus Trust C o m p a n y ............................................... President, or any V ice President

N ew fane

State Bank o f N e w f a n e ............................................................ President, any V ice President, or Cashier

New Paltz

The H uguenot N ational Bank o f New Paltz

New Y ork City

( See page 10)

.

.

.

.

.

.

.

.

President, any V ice President, or Cashier

President, any V ice President, or Cashier

Nichols

The Nichols N ational B a n k ......................................................President, any V ice President, or Cashier

N orfolk

The F irst N ational Bank o f N o r f o l k ..................................President, any V ice President, or Cashier

N orth Collins

The Bank o f N orth C o l l i n s ......................................................President, any V ice President, or Cashier

N orth Creek

The N orth Creek N ational B a n k ...............................................President, any V ice President, or Cashier

N orth
Tarrytow n

The F irst N ational Bank o f N orth Tarrytown

N orw ich

.

.

. President

The Chenango County N ational Bank and Trust
Company o f N o r w i c h ............................................................ President, any V ice President, or Cashier

N yack

Tappan Zee N ational Bank o f N y a c k ..................................President, any V ice President, or Cashier

Oceanside

The Oceanside N ational B a n k ............................................... President, any V ice President, or Cashier

Odessa

The F irst N ational Bank o f O d e s s a ........................................ President, any V ice President, or Cashier




8

GROUP 3
N E W Y O R K (C ontinued)

Nam e o f Bank or Trust Company

Place

Officers Authorized to Cast V ote

Ogdensburg

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

President, any V ice President, or Treasurer

Olean

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

President, any V ice President, Secretary,
or Treasurer

Oneonta

The Citizens National Bank and Trust Company o f
O n e o n t a .......................................................................................

President, any V ice President, or Cashier

Oneonta

W ilber National Bank o f O n e o n t a ........................................

President, any V ice President, or Cashier

Ontario

State Bank o f O n t a r io ...................................................................

President, any V ice President, or Cashier

Orchard Park

Bank o f Orchard P a r k ......................................................

President, any V ice President, or Cashier

Oriskany Falls

The F irst Trust and D eposit Company o f Oriskany Falls,
N . Y .................................................................................................. President, any V ice President, or Treasurer

Ossining

The First N ational Bank and Trust Company o f Ossining President, any V ice President, or Cashier

Ovid

The F irst N ational Bank o f O v i d ........................................

Owego

The Owego N ational B a n k ...................................................... President, any V ice President, or Cashier

O xford

The N ational Bank o f O x f o r d ...............................................

Painted Post

The F irst National Bank o f Painted P o s t ........................... President, any V ice President, or Cashier

Patchogue

The Patchogue B a n k ...................................................................

President

Pawling

The N ational Bank o f P a w l i n g ...............................................

President, any V ice President, Cashier, or
Assistant Cashier

President, any V ice President, or Cashier

President, any V ice President, or Cashier

Perry

The Citizens Bank o f Perry, N . Y .....................................

President, any V ice President, or Cashier

Perry

The First N ational Bank o f P e r r y ........................................

President, any V ice President, or Cashier

Philadelphia

Bank o f P h ila d e lp h ia ......................................................

President, any V ice President, or Cashier

Pine Plains

The Stissing National Bank o f Pine Plains

Poland

The Citizens National Bank o f P o l a n d .................................

.

.

.

.

President, any V ice President, or Cashier
President, any V ice President, or Cashier

P ort Jervis

The N ational Bank and Trust Company o f P o rt Jervis

Poughkeepsie

The Fallkill National Bank and Trust Company o f
Poughkeepsie
.......................................................................... President, any V ice President, or Cashier

Poughkeepsie

The Farmers and M anufacturers N ational Bank o f
Poughkeepsie
.......................................................................... President, any V ice President, or Cashier

Prattsburg

Prattsburgh State B a n k ............................................................

President, any V ice President, or Cashier

Red Creek

The Red Creek N ational B a n k ........................................

President, any V ice President, or Cashier

Red H ook

The First N ational Bank o f Red H o o k .................................

President, any V ice President, or Cashier

Redwood

The Redw ood N ational B a n k .....................................................

President, any V ice President, or Cashier

Rhinebeek

The F irst N ational Bank o f R h in eb eek .................................

President, any V ice President, or Cashier

Riverhead

The Suffolk County N ational Bank o f Riverhead .

President

Roxbury

The National Bank o f R oxbury .

President, any V ice President, or Cashier

Sag H arbor

The Peconic B a n k ...............................................

President, any V ice President, or Cashier

Salamanca

The F irst National Bank o f S a l a m a n c a ...........................

President, any V ice President, or Cashier

Salamanca

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

President, any V ice President, Cashier, or
Secretary-Treasurer

Salem

The Salem N ational Bank

President, any V ice President, or Cashier

Saratoga
Springs

The Adirondack Trust C o m p a n y ........................................

President, any V ice President, or Treasurer

Saugerties

The Saugerties National Bank and Trust Company .

Chairman o f the Board, President, any V ice
President, or Cashier

Savannah

The National Bank o f S a v a n n a h .................................

President, any V ice President, or Cashier

Sayville

The Oystermen’ s Bank and Trust Company

Schuylerville

The National Bank o f S ch u y lerv ille ........................................

President, any V ice President, or Cashier

Scotia

First National Bank o f S c o t i a ...............................................

President, any V ice President, or Cashier




9

.

.

.

. President

. Chairman, President, any V ice President, or
Secretary

GROUP 3
N E W Y O R K ( Continued)

Place

Officers Authorized to Cast Vote

N am e o f Bank or Trust Company

Seneca Falls

The State Bank o f Seneca Falls, N . Y ..................................

President

Sidney

F irst N ational Bank in S i d n e y ...............................................

President, any V ice President, or Cashier

Silver Creek

The Silver Creek N ational B a n k ...............................................

President, any V ice President, or Cashier

Smithtown

Eastern N ational Bank o f Long Island, Smithtown .

President, any V ice President, or Cashier

Solvay

Solvay B a n k ................................................................................. President, any V ice President, or Cashier

Southampton

The F irst N ational Bank o f S ou th a m pton ...........................

President, any V ice President, or Cashier

South Fallsburg

The South Fallsburg N ational B a n k .................................

President, any V ice President, or Cashier

Spencer

The Farm ers & Merchants Bank o f Spencer, N . Y . .

President, any V ice President, Cashier, or
Assistant Cashier
President, any V ice President, or Cashier

Stam ford

The N ational Bank o f S t a m f o r d ........................................

Star Lake

United B a n k .................................................................................

Stony Brook

Bank o f Suffolk C o u n t y ............................................................

Theresa

The Farmers N ational Bank o f T h e r e s a ...........................

President, any V ice President, or Cashier

Tupper Lake

The Tupper Lake N ational B a n k ........................................

President, any V ice President, or Cashier

President, any V ice President, or Cashier

Unadilla

The Unadilla N ational B a n k ...................................................... President, any V ice President, or Cashier

Vernon

The N ational Bank o f V e r n o n ...............................................

W addington

The W addington B a n k ............................................................

President, any V ice President, or Cashier

W allkill

The Valley N ational Bank, W allkill, N. Y ..............................

President, any V ice President, or Cashier

W alton

The N ational Bank o f Delaware County, W alton

President, any V ice President, or Cashier

.

. President, any V ice President, or Cashier
President, any V ice President, or Cashier

W arrensburg

The Emerson N ational Bank o f W arrensburgh .

.

.

.

W ashingtonville

Central N ational Bank o f W ashingtonville

.

.

.

W aterville

The National Bank o f W a t e r v i l l e ........................................

President, any V ice President, or Cashier

W atkins Glen

Glen N ational Bank o f W atkins G l e n .................................

President, any V ice President, or Cashier

W ay land

The First National Bank o f W a y l a n d .................................

President, any V ice President, or Cashier

W esthampton
Beach

Seaside B a n k ................................................................................

Chairman o f the Board, President, any
V ice President, or Cashier

.

W illsboro

Essex County-Champlain N ational B a n k ........................... President, any V ice President, or Cashier

Windham

The N ational Bank o f W in d h a m ...............................................

President, any V ice President, or Cashier

W inthrop

The First National Bank o f W in t h r o p .................................

President, any V ice President, or Cashier

W oodridge

The F irst N ational Bank o f W o o d r id g e .................................

President, any V ice President, or Cashier

W orcester

The Bank o f W o r c e s t e r ............................................................

President, any V ice President, or Cashier

N E W Y O R K C IT Y
Q ueens

Far Roekaway

The N ational Bank o f F ar R o e k a w a y ...........................

President

R ic h m o n d

P ort Richmond




The Richmond County National Bank o f P ort Richmond President, any V ice President, or Cashier

10

F E D E R A L R E S E R V E BANK
O F N E W Y O RK

Nomination for Class A Director, 1960
D istrict No. 2

Group No. 3

At a meeting of the Board of Directors of th e .....................................................................
(Name of Bank)

of........................................................................ duly called and held on the... ...................day
(City or Town and State)

of........................................................... 1960, on motion duly made and seconded, it was
“ RESOLVED, That............................................................................ , of............................
whose occupation is....................................................., be, and he is hereby, nominated by this
bank as a candidate for class A director of the Federal Reserve Bank of New York, and
the cashier or other officer of this bank is hereby authorized, empowered and directed to
send a certified copy of this resolution to the Chairman of the Board of Directors of the
Federal Reserve Bank of New York.”
I hereby certify that the foregoing is a true and correct copy of a resolution of the
Board of Directors of this bank duly adopted on the date specified.

(S e al

op

Bank)

(Official signature)

To MR. PHILIP D. REED,
C h a ir m a n o p t h e B o a r d o f D ir e c t o r s ,
F ederal R eserve B a n k of N e w Y o r k .




F E D E R A L R E S E R V E BANK
O F N E W Y O RK

Nomination for Class A Director, 1960
D istrict No. 2

Group No. 3

At a meeting of the Board of Directors of th e .....................................................................
(N am e o f Bank)

of....................................................................... duly called and held on the........................day
(City or Town and State)

of............................................................ 1960, on motion duly made and seconded, it was
“ RESOLVED, That............................................................................ , of.............................
whose occupation is....................................................., be, and he is hereby, nominated by this
bank as a candidate for class A director of the Federal Reserve Bank of New York, and
the cashier or other officer of this bank is hereby authorized, empowered and directed to
send a certified copy of this resolution to the Chairman of the Board of Directors of the
Federal Reserve Bank of New York.”
I hereby certify that the foregoing is a true and correct copy of a resolution of the
Board of Directors of this bank duly adopted on the date specified.

(S eal

op

Bank)

(Official signature)

To MR. PHILIP D. REED,
C h a ir m a n o p t h e B o a r d o f D ir e c t o r s ,
F ederal R eserve B a n k op N e w Y o rk .




(Title)

F E D E R A L R E S E R V E B A NK
O F N E W Y O RK

Nomination for Class B Director, 1960
D istrict No. 2

Group No. 3

At a meeting of the Board of Directors of th e ....................................................................
(Name of Bank)

of....................................................................... duly called and held on the....................... day
(City or Town and State)

of........................................................... 1960, on motion duly made and seconded, it was
“ RESOLVED, That............................................................................ , of.............................
whose occupation is....................................................., be, and he is hereby, nominated by this
bank as a candidate for class B director of the Federal Reserve Bank of New York, and
the cashier or other officer of this bank is hereby authorized, empowered and directed to
send a certified copy of this resolution to the Chairman of the Board of Directors of the
Federal Reserve Bank of New York.”
I hereby certify that the foregoing is a true and correct copy of a resolution of the
Board of Directors of this bank duly adopted on the date specified.

(S e a l of B a n k )

(Official signature)

To MR. P H IL IP D. REED,
C h a i r m a n o f t h e B o a r d o f D ir e c t o r s ,
F ederal R eserve B a n k of N e w Y o rk .




(Title)

F E D E R A L R E S E R V E BANK
O F N E W Y O RK

Nomination for Class B Director, 1960
D istrict No. 2

Group No. 3

At a meeting of the Board of Directors of the ....................................................................
(Name of Bank)

of....................................................................... duly called and held on the...................... day
(City or Town and State)

of.......................................................... 1960, on motion duly made and seconded, it was
“ RESOLVED, That............................................................................, of.............................
whose occupation i s ................................................... , be, and he is hereby, nominated by this
bank as a candidate for class B director of the Federal Reserve Bank of New York, and
the cashier or other officer of this bank is hereby authorized, empowered and directed to
send a certified copy of this resolution to the Chairman of the Board of Directors of the
Federal Reserve Bank of New York.”
I hereby certify that the foregoing is a true and correct copy of a resolution of the
Board of Directors of this bank duly adopted on the date specified.

(S e a l of B a n k )

(Official signature)

To MR. PHILIP D. REED,
C h a ir m a n o f t h e B o a r d o f D ir e c t o r s ,
F ed eral R eserve B a n k o f N e w Y o r k .




(Title)

M r . P h il ip D. R e e d ,
Chairman, Board o f D irectors,

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

537




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