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FEDERAL RESERVE BANK OF NEW YORK Circular No. 7 1 9 8 "I July 30, 1973 -» [ Election of Class B Director For Unexpired Portion of Term Ending December 31, 1974 (By member banks classified in Group 2 on July 9, 1973, that is, member banks with capital and surplus of $3,000,000 to $65,000,000, inclusive, on that date) T o the M em ber Banks o f the Second Federal R eserve D istrict: In accordance with the provisions of section 4 of the Federal Reserve Act, as amended, and Circular No. 7179, dated July 9, 1973, on the nomination of a class B director of this Bank for the unexpired portion of the term ending December 31, 1974, to fill the vacancy caused by the resignation from that office of F r a n k R. M i l l i k e n , there is shown on page 2 the name of the candidate nominated for such office, and by whom nominated. To each member bank classified in Group 2 on July 9, 1973, except those member banks that are subsidiaries of the same bank holding company and have not been designated to participate in this election,* the following are being sent with this circular : (a) Ballot for use in voting for candidate for class B director. (b) Pink ballot envelope in which the ballot is to be sealed. (c) Certificate envelope bearing on its face the certificate in regard to the vote. (d) Addressed envelope in which all of the foregoing should be returned to me. The ballot and the certificate on the certificate envelope must be executed by an officer who has been authorized to cast the vote. A list of the officers designated for this purpose by the member banks in Group 2 was contained in the above-mentioned circular dated July 9, 1973, and a similar list revised to date is contained herein. In order that the ballot may be secret, the name of the bank and the name and title of the voting officer should not be written on the ballot, but should be written only on the certificate envelope. (1) After the ballot has been marked, (2) It should be placed in the pink ballot envelope and that envelope sealed. (3) Then the sealed pink ballot envelope should be placed within the certfiicate envelope, and the certificate envelope should be sealed and the certificate thereon executed. (4) Then the certificate envelope containing the sealed pink ballot envelope should be returned to me in the enclosed addressed envelope. The law provides that the ballot shall be cast within 15 days after receipt of the list of candidates transmitted herewith. The polls will open at 10 a.m., July 31, 1973, and will close at 10 a.m. on Wednesday, August 15, 1973, and in order to be counted as valid the ballot must be received by me at or before the latter time. Upon the closing of the polls the ballot box will be opened in the board room of this Bank, the sealed envelopes containing the ballots will be opened, the votes counted and checked by tellers, and the result of the election announced. The candidate may, if he so desires, be present or represented on this occasion. Because banks in Groups 1 and 3 w ill not vote in this election, this circular is sent to them without forms and for their information only. R o s w e l l L. G il p a t r ic , _______________ _ Chairman of the Board. * A s indicated in Circular N o. 7179, dated July 9, 1973, section 4 o f the Federal Reserve A ct, as amended, p ro vides that whenever any member banks within the same Federal Reserve D istrict are subsidiaries o f the same bank holding com pany within the meaning o f the Bank H oldin g Company A ct o f 1956, participation in the nomination or election o f directors o f Federal Reserve Banks b y such member banks, including such bank holding com pany i f it is also a member bank, shall be confined to one o f such banks, which may be designated fo r the purpose b y such holding company. Consequently, the ballot o f any bank in Group 2 affected b y this provision o f law 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 WILLIAM S. SNEATH President Union Carbide Corporation, New York, N. Y. W i l l i a m S . S n e a t h was born March 29, 1926, in Buffalo, N. Y., and now resides in Riverside, Conn. He received a Bachelor of Arts degree from Williams College, Williamstown, Mass., in 1947 and an MBA degree from the Harvard Graduate School of Business Administration in 1950. *Mr. Sneath began his career with the general accounting department of Union Carbide Corporation in 1950. Following his transfer to the finance department in 1956, he was appointed assistant secretary and assistant treasurer in May 1961 and later that year became treasurer. In 1965 Mr. Sneath was elected vice president and treasurer, and designated chief financial officer, and in April 1971 he became president. He has been a director o f the corporation since 1969. Among his many civic and professional activities, Mr. Sneath is a member of the management committee of the Metropolitan Variable Account B (a management investment company) and a trustee of Brunswick School, Greenwich, Conn. He is also a member o f a regional advisory board of Manufacturers Hanover Trust Company and a member of the International Advisory Council of Morgan Guaranty Trust Company of New Y o rk ; however, he will resign from the latter two positions if elected. Nominated by the following member banks in Group 2 NEW YORK Place Name o f Bank or Trust Company B u ffalo M anufacturers and Traders Trust Company Schenectady The Mohawk N ational Bank o f Schenectady U tica The Oneida N ational Bank and Trust Company o f Central N ew Y ork W atertow n The National Bank o f Northern New Y ork W hite Plains The County Trust Company 2 BALLOT ENVELOPE E l e c t io n of D ir e c t o r s 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. CERTIFICATE ENVELOPE This Envelope Should Contain Only Ballot in Sealed Pink Envelope It W ill Not Be Opened Until Polls Close ..................................................., 1973. Group No. 2 To L. G i l p a t r i c , Chairman o f the Board, Federal Reserve Bank of New York. M r. R o s w e ll In accordance with section 4 o f the Federal Reserve Act, as amended, I hereby certify that my vote for a class B director of the Federal Reserve Bank of New York for term of office ending December 31,1974, is as indicated (by X ) in the ballot sealed herein. For (Name of Bank) (Signature of officer designated to vote. See list of member banks in Group/2 in accompanying circular) (Location of Bank) (TITLE of Voting Officer) FEDERAL RESERVE OF NEW BANK YORK Ballot Ju ly 30, 1973 Group N o. 2 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 designation has been duly certified to me. The polls w ill open at 10 a.m. on July 31, 1973, and w ill close at 10 a.m. on W ednesday, A ugust 15, 1973. This ballot must be returned so as to reach me before the latter time. Failure to observe instructions will invalidate this ballot. R o s w e l l L . G ilpatric , Chairman o f the Board. VOTE FOR CLASS B DIRECTOR OF FEDERAL RESERVE BANK OF N E W YORK for unexpired portion of term ending December 31, 1974 C an didate President Union Carbide Corporation New Y ork, N . Y . W il l ia m S. S n eat h (Indicate vote by X below) O DIRECTIONS FOR RETURN OF BALLOT 1. Mark this ballot to indicate vote. 2. Place marked ballot in the pink ballot envelope and seal that envelope. 3. Place sealed ballot envelope in certificate envelope and seal certificate envelope and execute certificate thereon. 4. Return sealed and executed certificate envelope (with sealed pink ballot envelope pn^osed therein) in envelope addressed to Mr. R o s w e l l L. G i l p a t r i c , Chairman, Board of Directors, Federal Reserve Bank of New York, Federal Reserve P. O. Station, New York, N. Y. 10045. M r . R o sw e l l L . G ilpatr ic , Chairman, Board of Directors, Federal Reserve Bank of New York, Federal Reserve P. 0 . Station, New York, N. Y. 10045 Room 1118 Special Election of Class B Director For Unexpired Portion of Term Ending December 31, 1974 List of 113 Member Banks in Group 2 ( Group 2 consists of member banks with capital and surplus of $3,000,000 to $65,000,000, inclusive, on July 9, 1973) CO N N E C T IC U T P lace B ridgeport Officers Authorized to Cast V ote Name o f Bank or Trust Company The City N ational Bank o f C o n n e c tic u t........................... . Chairman o f the Board, the V ice Chairman, President, any V ice President, or Secretary B ridgeport The Connecticut National B a n k ........................................ . President, any V ice President, or Cashier B ridgeport The State National Bank o f Connecticut . . President, any V ice President, or Cashier . . . . N E W JE R SE Y Basking Eidge Somerset Hills & County National Bank . . . . . President, any V ice President, or Cashier Clifton New Jersey Bank (N ational Association) . . . . . President, any V ice President, or Cashier Dover The Dover Trust C o m p a n y ............................................... President, any V ice President, Treasurer, or Assistant Treasurer Elizabeth The National State Bank, Elizabeth, N. J ......................... President, any V ice President, or Cashier Elizabeth United Counties Trust C o m p a n y ........................................ Chairman o f the Board, Chairman o f the Executive Committee, President, or any V ice President Hackensack Hackensack First National State Bank o f North Jersey Garden State N ational B a n k ............................................... Hackensack Jersey City President, any V ice President, or Cashier • Chairman or Vice Chairman o f the Board, or any V ice President Jersey City Commercial Trust Company o f New Jersey . . . . The First Jersey National B a n k ........................................ Jersey City The Trust Company o f New Jersey . . . . . . President, any V ice President, or Treasurer . President, any V ice President, Cashier, or Secretary . President, any V ice President, or Cashier . President, any V ice President, or Treasurer Madison Township Am boy-M adison N ational B a n k ............................................. The M aplewood Bank and Trust Company . . . . Maplewood Monroe Township First Charter N ational B a n k ................................. • President, any V ice President, Cashier, Treasurer, or Secretary • M ontclair Am erican N ational Bank & Trust o f N ew Jersey . Morristown The F irst National Iron Bank o f New Jersey . F irst Merchants N ational Bank . . . . . . Neptune Newark Chairman o f the Board, President, any Vice President, or Secretary President, any V ice President, or Cashier Chairman o f the Board, President, Executive V ice President, any V ice President, or Secretary . . President, any V ice President, or Cashier • President, any V ice President, or Cashier Fidelity Union Trust C o m p a n y ........................................ • President, or any V ice President Newark F irst N ational State Bank o f New Jersey . . Chairman o f the Board, President, any Vice President, or Cashier Newark N ational Newark & Essex B a n k ........................................ New Brunswick The N ational Bank o f New J e r s e y .................................. • President, any V ice President, or Cashier Newton Passaic The Sussex and Merchants National Bank o f Newton Bank o f Passaic and Clifton, National Association . . President, any V ice President, or Cashier Paterson Piscataway . . . President, any Vice President, or Cashier . • President, any V ice President, or Treasurer Broadway Bank & Trust C o m p a n y .................................. . President, any V ice President, or Treasurer The Peoples National Bank o f Central Jersey . . President, any V ice President, or Cashier Plainfield United N ational B a n k ............................................................ Raritan Township The Hunterdon County National Bank o f Flem ington . President, any Vice President, or Cashier President, any V ice President, or Cashier Red Bank Colonial First N ational B a n k ............................................... President, any V ice President, or Cashier Ridgewood Citizens First National Bank o f Ridgewood . President, any V ice President, or Cashier 3 . . . GROUP 2 N E W J E R S E Y ( Continued) Place Officers Authorized to Cast V ote Name o f Bank or Trust Company Chairman o f the B oard, Chairman o f the Executive Committee, President, any V ic« President, or Cashier R utherford National Community Bank o f R utherford . Somerville F irst N ational Bank o f Central Jersey . . . . . . . . President, any V ice President, any Assistant V ice President, or Cashier .................................................................. South Plainfield The Edison Bank, N ational Association . Succasunna F irst N ational State Bank o f Northwest Jersey Tenafly Tenafly Citizens N ational B a n k ................................................. County Trust C o m p a n y ..................................................... • President, any V ice President, or Cashier Totowa First N ational Bank o f New J e r s e y ........................... . Chairman o f the Board, President, any V ice President, Cashier, or any Assistant Cashier • Cashier . Union The Union Center National B a n k ................................. W ayne The Prospect Park N ational B a n k ................................. W oodbridge M id-Jersey National 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 .................................................................. NEW YORK Albany Albany Albany A lbany The Bank o f New Y ork, A l b a n y ............................................... Bankers Trust Company o f Albany, N ational Association National Commercial Bank and Trust Company . State Bank o f Albany . ..................................................... Albany Bingham ton Buffalo B uffalo Buffalo Canajoharie Canton Cedarhurst Union N ational B a n k ................................................................... First-City National Bank o f Binghamton, N. Y . . L iberty N ational Bank and Trust C o m p a n y ........................... M anufacturers and Traders Trust Company . . . . Niagara Frontier Bank o f New Y o r k ........................................ Central N ational Bank, C a n a jo h a r ie ........................................ The St. Lawrence National B a n k ............................................... Peninsula N ational B a n k ........................................ East Setauket Elm ira M arine M idland Tinker N ational B a n k ................................. Chemung Canal Trust Com pany . Elm ira Marine M idland Bank — S o u t h e r n ........................................ Endicott Garden City Glen Cove E ndicott Trust Company ............................................................. Long Island Trust C o m p a n y ..................................................... Nassau Trust C o m p a n y ................................. ...... Glens Falls Glens Falls Gloversville Hempstead H icksville Ithaca Jamestown Jamestown Jamestown K ingston The F irst N ational Bank o f Glens F a l l s .................................. Glens Falls N ational Bank and Trust Company . . . . City National Bank and Trust Company o f Gloversville . Hempstead B a n k .............................................................................. Long Island N ational B a n k ...................................................... L iberty Middletown Nanuet Newburgh New Rochelle The Sullivan County N ational Bank o f L iberty . . . . Empire N ational B a n k ................................................................... Nanuet National B a n k ............................................................ H ighland National Bank o f N e w b u r g h .................................. First Westchester N ational B a n k ................................. (S ee page 5 ) The National Bank and Trust Company o f N orw ich . New Y ork City N orwich Tompkins County Trust C o m p a n y ........................................ Bankers Trust o f J a m e s to w n .................................. . The First National Bank o f J a m e s to w n .................................. Marine Midland Bank — Chautauqua, National Association K ingston Trust C o m p a n y ........................................ ...... 4 President, any V ice President, or Cashier President, or any V ice President President, any V ice President, or Cashier President, any V ice President, or Cashier President, any V ice President, or Cashier President, any Vice President, or Cashier President, any Vice President, or Cashier President, any V ice President, or Secretary President, any V ice President, or Treasurer President, any V ice President, or Cashier President, any V ice President, or Cashier Chairman o f the B oard, President, any V ice President, or Cashier President, any V ice President, or Cashier President, any V ice President, Cashier, Secretary, or Treasurer Chairman o f the Board, President, or any V ice President President, any V ice President, or Treasurer President, or any V ice President President, any V ice President, Cashier, or Secretary President, President, President, President, President, President, President, President, President, President, President, President, President, President, President, any any any any any any any any any any any any any any any V ice President, or Cashier V ice President, or Cashier V ice President, or Cashier V ice President, or Cashier V ice President, or Cashier V ice President, or Cashier V ice President, or Cashier V ice President, or Cashier V ice President, or Cashier V ice President, or Treasurer V ice President, or Cashier V ice President, or Cashier V ice President, or Cashier V ice President, or Cashier V ice President, or Cashier Chairman o f the B oard, President, any V ice President, or Cashier GROUP 2 N E W Y O R K ( Continued) P la ce Patchogne Poughkeepsie Poughkeepsie Poughkeepsie Eochester Rochester Rochester Rochester Sayville Scarsdale Schenectady Schenectady Smithtown Spring V alley Stony B rook Syracuse Syracuse Syracuse Syracuse T roy U tica Valley Stream W atertown W atertown W ellsville W hite Plains W hite Plains Name o f Bank or Trust Company Bankers Trust o f Suffolk, N ational Association . Officers Authorized to Cast V ote . . . Chairman o f the B oard, President, any V ice President, or Cashier Bankers Trust Hudson Valley, N ational Association . . President, any V ice President, or Cashier Dutchess Bank & Trust C o m p a n y ............................................... President, any V ice President, or Secretary Marine M idland Bank o f Southeastern New Y ork, N . A . . President, any V ice President, or Cashier Bankers Trust Company o f R o c h e s te r .........................................President, or any V ice President Central Trust Company Rochester N. Y ......................................President, any V ice President, or Secretary Lincoln F irst Bank o f R o c h e s te r ............................................... Chairman o f the Board, President, Senior Executive V ice President, any Executive V ice President, or any Senior V ice President Security Trust Company o f R o c h e s t e r ........................... ...... President, any V ice President, or Secretary The Oysterm en’ s Bank and Trust C o m p a n y ...........................Chairman o f the B oard, President, any V ice President, or Secretary Scarsdale N ational Bank and Trust Company . . . . President The Mohawk National Bank o f S ch e n e cta d y ........................... President, any V ice President, or Cashier The Schenectady Trust C o m p a n y ............................................... Chairman o f the B oard, President, any V ice President, or Treasurer Bank o f S m ith to w n ..........................................................................President, any V ice President, or Cashier ........................... President, Executive V ice President, any V ice Bankers Trust o f Rockland County . President, or Secretary Bank o f Suffolk C o u n t y ............................................... ...... > President, any V ice President, or Cashier F irst Trust & D eposit C o m p a n y ............................................... President, any V ice President, or Secretary Lincoln F irst Bank — Central, N ational Association . . President, any V ice President, or Cashier M arine M idland Bank — C e n t r a l............................................... Chairman o f the Board, President, Executive V ice President, any V ice President, or Cashier The Merchants National Bank & Trust Company o f ........................................................................................President, any V ice President, or Cashier Syracuse M arine M idland Bank — Eastern, N ational A ssociation . President, any V ice President, or Cashier The Oneida N ational Bank and Trust Company o f Central New Y o r k ............................................... ........................................President, any V ice President, or Cashier V alley Bank o f New Y o r k ............................................................. President, any V ice President, or Cashier Marine M idland Bank — N o r t h e r n .........................................Chairman o f the B oard, President, any V ice President, or Cashier The National Bank o f Northern New Y o r k ........................... President, any V ice President, or Cashier The Citizens N ational Bank and Trust Company . . . President, any V ice President, or Cashier The County Trust C o m p a n y ...................................................... President, or any V ice President N ational Bank o f W e s t c h e s t e r ............................................... President, any V ice President, or Cashier N E W Y O R K C IT Y M anhattan R ichm ond The Am algamated Bank o f New Y o r k ..................................President, any V ice President, or Cashier American Bank & Trust C o m p a n y ........................................ President, or any V ice President Century N ational Bank and Trust C o m p a n y ...........................President, any V ice President, or Cashier The Merchants Bank o f New Y o r k ........................................ President, any V ice President, Cashier, or A ssistant Cashier R epublic N ational Bank o f New Y ork . . . . . . Chairman o f the B oard, President, any V ice President, or Cashier Schroder Trust Company . . . ........................................ President, any V ice President, or Secretary Sterling N ational Bank & Trust Company o f N ew Y ork President, any V ice President, or Cashier United States Trust Company o f New Y o r k ........................... President, or any V ice President Community N ational Bank and Trust Company o f New Y o r k .............................................................................................. President, any V ice President, or Cashier V IR G IN ISLAN D S St. T hom as Charlotte Amalie Virgin Islands National Bank President
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