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FED ER A L R ESER VE BANK O F NEW YORK r Circular No. 8 0 6 3 ~l L March 2, 1977 J Nomination of Directors To the M ember Banks of the Second Federal Reserve District: An election will be held under the provisions of section 4 of the Federal Reserve Act, as amended — 1. To fill the vacancy in the office of class A director for the unexpired portion of the term ending December 31, 1977, from which Stuart M cC arty , President of First-City National Bank of Binghamton, Binghamton, N. Y., has resigned, effective April 1, 1977; and 2. To fill the vacancy in the office of class B director for the unexpired portion of the term ending December 31, 1978, from which Jack B. Jackson, former President of J. C. Penney Co., Inc., New York, N. Y., has resigned, effective February 1, 1977. Mr. McCarty was elected by member banks in Group 2 and his successor will be chosen by this group. Mr. Jackson was elected by member banks in Group 3 and his successor will be chosen by this group. Member banks in Group 1 will not participate in this election. The classification of member banks for the purpose of nomination and election of class A and B directors of the Federal Reserve Bank of New York is as follows: Group 1 consists of banks with capital and surplus of more than $65,000,000; Group 2, of banks with capital and surplus of $3,000,000 to $65,000,000, inclusive; and Group 3, of banks with capital and surplus of less than $3,000,000. For the purposes of this election, a member bank’s classification will be determined by its capital and surplus as of the date of this circular, even though its capital and surplus may change before the polls close. The list of banks comprising Group 2 begins on page 3; the list of banks comprising Group 3 begins on page 7. Except in the case of any member banks that are subsidiaries of the same bank holding company, * each bank in Group 2 is permitted to nominate a candidate for class A director for*31 * S e c tio n 4 o f th e F e d e r a l R eserv e A c t, as a m en d ed , read s in part as fo llo w s: “. . . That whenever any member banks within the same Federal Reserve district are subsidiaries of the same bank holding company within the meaning of the Bank Holding Company Act of 1956, participation in any such nomination or election by such member banks, including such bank holding company if it is also a member bank, shall be confined to one of such banks, which may be designated for the purpose by such holding company.” P u rsu an t to th e fo r e g o in g p ro v isio n , a n o m in a tio n b y an y b an k th at is a su b sid iary o f a m u ltib a n k h o ld in g c o m p a n y c a n n o t b e a c c e p te d u n less th ere is on file w ith th is B an k e v id e n c e th a t su ch b an k has b e e n so d esig n a ted . A cco rd in g ly , banks in G rou p 2 a ffected b y th e fo r e g o in g p ro v isio n o f th e la w are r eq u e sted to take p rom p t action to h a v e th e a p p rop riate b an k h o ld in g c o m p a n y d e sig n a te , if it has n ot a lread y d e sig n a te d , o n e o f su ch banks to p a rticip a te in th e n o m in a tio n an d e le c tio n o f a class A d irector for th e u n ex p ired p ortion o f th e term e n d in g D e c e m b e r 3 1 , 1 9 7 7 ; a n d b an k s in G rou p 3 a ffec te d b y th e fo r e g o in g p ro v isio n o f th e la w are r eq u e sted to take ‘p rom p t action to h a v e th e a p p rop riate b an k h o ld in g c o m p a n y d e sig n a te , if it has n o t a lread y d e sig n a te d , o n e o f su ch b an ks to p a rticip a te in th e n o m in a tio n a n d e le c tio n o f a class B director for th e u n ex p ired p ortion o f th e term e n d in g D ecem b er 31, 1978. I f su ch b a n k h o ld in g c o m p a n y d o es n o t h a v e on file w ith this [Bank an ap p rop riate reso lu tio n e ith er p erm a n en tly d e sig n a tin g o n e o f su ch b an ks to p a rticip ate in n o m in a tio n s or e le c tio n s o f tlu's B an k ’s directors or se ttin g forth the au th o rity u n d er w h ic h su ch d e sig n a tio n s w ill b e m ad e from tim e to tim e, su ch ban k h o ld in g co m p a n y m ay w ish to file su ch reso lu tio n w ith th is B ank . A form o f reso lu tio n au th o rizin g officers o f a b an k h o ld in g c o m p a n y to m ake su ch d esig n a tio n s is e n c lo s e d for su ch b an k h o ld in g c o m p a n ies. the unexpired portion of the term ending December 31, 1977, and each bank in Group 3 is permitted to nominate a candidate for class B director for the unexpired portion of the term ending December 31, 1978.f The nominations should be made by resolutions of the boards of directors of the nominating banks (or by resolutions of the banks’ executive committees, if such committees are empowered to take such action), and certified copies of such resolutions should be sent to me so as to reach me on or before Tuesday, March 29, 1977. The enclosed printed forms show the appropriate forms of resolution, and one executed copy of the appro priate form for each nomination should be returned to me. On March 30, 1977, copies of the list of candidates (indicating by whom nominated) and preferential ballots will be mailed to the banks in Groups 2 and 3. The law provides that the ballot shall be cast within 15 days after receipt of this list. The polls will open at 10 a.m., March 31, 1977, and will close at 12 noon on Friday, April 15, 1977. 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 the results of the election announced. The candidates may, if they so desire, 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 for the closing of the polls (i.e., at or before 12 noon on Friday, April 15, 1977). The officers heretofore designated for this purpose by the banks in Groups 2 and 3 are shown on the lists beginning on page 3 and on page 7, respectively. Any Group 2 or Group 3 bank that desires to change its author ization should do so by resolution of its board of 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 Group 1 will not participate in this election, this circular is sent to them without forms and for their information only. R. M illiken , Chairman of the Board. F rank f Section 4 of the Federal Reserve Act, as amended, reads in part as follows: “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.” [Under interpretations of the Board of Governors of the Federal Reserve System, a person whose sole occupation is that of officer of an insurance company or of a savings and loan association is not eligible for election as a class B director of a Federal Reserve Bank.] “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 December 23, 1915, the Board of Governors of the Federal Reserve System expressed the opinion “that persons holding political or public office in the service of the United States, or of any State, Territory, county, district, political subdivision, or municipality thereof, or acting as members of political party committees, cannot consistently with the spirit and underlying principles of the Federal Reserve Act, serve as directors or officers of Federal Reserve Banks.”] 2 COMMITTEE ON RECOMMENDATION OF CANDIDATES FOR DIRECTORS OF THE FEDERAL RESERVE BANK OF NEW YORK March 2, 1977 Recommendations for Candidates in the 1977 Special Election of Directors of the Federal Reserve Bank of New York by Banks in Groups 2 and 3 To All M ember Banks in the Second Federal Reserve District: The Federal Reserve Bank of New York will hold an election to fill the vacancy on its Board of Directors caused by the resignation of Stuart McCarty as a Class A director, effective April 1, 1977, and of Jack B. Jackson as a Class B director, effective February 1, 1977. Mr. McCarty’s successor will serve as a Class A director for the unexpired portion of his three-year term, ending December 31, 1977, and will be chosen by the member banks in Group 2, as classified by the Board of Governors of the Federal Reserve System, that is, those banks with capital and surplus of $3,000,000 to $65,000,000, inclusive. Mr. Jackson’s successor will serve as a Class B director for the unexpired portion of his three-year term, ending December 31, 1978, and will be chosen by the member banks in Group 3, as classified by the Board of Governors of the Federal Reserve System, that is, those banks with capital and surplus of less than $3,000,000. The undersigned committee, appointed by the bankers associations of New York, New Jersey, and Connecticut to make recommendations to member banks of candidates for directors of the Federal Reserve Bank of New York, and to inform member banks of the qualifications of these candidates, recommends for nomination the following individuals, who have consented to serve if elected: Special Election — Term Ending December 31, 1977 For Glass A Director RAYMOND W. BAUER President United Counties Trust Company, Elizabeth, N. J. R aymond W. B auer was born in Linden, New Jersey, on August 27, 1915. He was graduated from Dartmouth College in 1937 and also holds a Master of Commercial Finance degree from Dartmouth University. In 1942, after receiving a Bachelor of Laws degree from Rutgers University, he was admitted to the New Jersey Bar. Mr. Bauer began his business career in 1940 with C. H. Winans Company, a construction and investment corporation in Roselle, N. J. He has held various positions with the company, currently serving as its president and director. In 1944 Mr. Bauer was named a director of Linden Trust Company in Linden, N. J., and in 1951 he joined the staff of the bank as a vice president. He was appointed executive vice president of the bank in 1956 and president in 1958. In 1961, after the bank merged with Union County Trust Company, Mr. Bauer was named president, chief executive officer, and a director of the (OVER) bank. Following the merger of Union County with Keansburg-Middletown National Bank in 1972, Mr. Bauer became president, chief executive officer, and director of United Counties Trust Com pany, the resultant institution. Mr. Bauer is a director of the Eastern States Bankcard Association and has held various positions with the New Jersey Bankers Association, currently serving as a member of the executive committee. He has also served as a member of the American Bankers Associations Government Relations and Governing Councils, the New Jersey State Banking Advisory Board, and the Board of Governors of the Mortgage Bankers Association. Special Election — Term Ending December 31, 1978 For Class B Director JOHN R. MULHEARN President New York Telephone Company, New York, N. Y. J ohn R. Mulhearn was bom in Jersey City, New Jersey, on April 16, 1924. He was graduated from Manhattan College with a Bachelor of Eleotrical Engineering degree in 1948, and from Stevens Institute of Technology with a Master of Science degree in 1952. Mr. Mulhearn joined New York Telephone in 1948. Following various assignments at the com pany, he was appointed a vice president in 1963. He became a director in April 1970 and was named an executive vice president in 1971. In December 1973 he joined the parent company, American Telephone and Telegraph, as a vice president and while there directed the Bell System corporate policy seminar. In April 1976 he returned to the New York Telephone Company as its president. Mr. Mulhearn is a trustee of Manhattan College and a director of Allegheny Airlines, American Republic Life Insurance Co. of New York, the Inmont Corporation, the Manpower Education Insti tute, the Municipal Art Society, and the New York State 4-H Foundation. He is also on the executive board of The American Red Cross in Greater New York. He is a director of Central Savings Bank, New York, N. Y., but will resign from that position, if elected, to comply with the eligibility requirements of the Federal Reserve Act. John W. H annon , Jr., Committee Chairman President Bankers Trust Company New York, New York Joseph F. F ahey, Jr. Peter C artmell President Fidelity Union Trust Company Newark, New Jersey F rank C. H arding Vice Chairman Manufacturers and Traders Trust Company Buffalo, New York Kenneth H. D ickson N ewman E. W ait, Jr. Senior Vice President (retired) New Jersey Bank, N.A. Westwood, New Jersey President The Adirondack Trust Company Saratoga Springs, New York Chairman and President The State National Bank of Connecticut Bridgeport, Connecticut Room 1120 Mr . F rank R. M illiken v , Chairman Board of Directors , Federal Reserve Bank of New York, f ederal Reserve P. 0. Station, New York, N. Y. 10045 Nomination for Class A Director of Federal Reserve Bank of New York For Unexpired Portion of Term Ending December 31, 1977 D istrict N o. 2 Group N o. 2 A t a meeting of the Board of Directors of the .......................................................................... (Name of Bank) o f ............................................................................ (or of the Executive Committee of such Board) (City or Town and State) duly called and held on t h e ...................... day of ..................................................................... 1977, on motion duly made and seconded, it was “ RESOLVED, T h a t..........................................................................................................................., o f ................................................................................................................................, whose occupation is be, and is hereby, nominated by this bank as a candidate for class A director of the Federal Reserve Bank of New York for the unexpired portion of the term ending Decem ber 31, 1977, 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, or of its Executive Committee, duly adopted on the date specified. I also certify that if the foregoing resolution was adopted by the Executive Committee of this bank’s Board of Directors, such Executive Committee is empowered to so act. (S eal of B an k ) (Official signature) (Title) To MR. FRAN K R. M ILLIKEN, C h a ir m F a n of t h e ederal R B oard of eser ve B D ir e c t o r s , a n k of N ew Y ork. Nomination for Class B Director of Federal Reserve Bank of New York For Unexpired Portion of Term Ending December 31, 1978 D No. 2 is t r ic t Group N o. 3 A t a meeting of the Board of Directors of the .......................................................................... (Name of Bank) o f ............................................................................ (or of the Executive Committee of such Board) (City or Town and State) duly called and held on t h e ...................... day of ..................................................................... 1977, on motion duly made and seconded, it was “ RESOLVED, T h a t............................................................................................................................ o f ................................................................................................................................. whose occupation is be, and is hereby, nominated by this bank as a candidate for class B director of the Federal Reserve Bank of New York for the unexpired portion of the term ending Decem ber 31, 1978, 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, or of its Executive Committee, duly adopted on the date specified. I also certify that if the foregoing resolution was adopted by the Executive Committee of this bank’s Board of Directors, such Executive Committee is empowered to so act. (S eal of B a nk ) (Official signature) (Title) To MR. FRAN K R. M ILLIKEN, C h a ir m a n of t h e B oard o f F ederal R eserve B ank D ir e c t o r s, of N ew Y ork. Authorization for Officers of Bank Holding Company To Designate Subsidiary Member Bank to Participate in Elections of Directors of Federal Reserve Bank of New York D is t r ic t N o. 2 At a meeting of the Board of Directors (or of its Executive Committee) of the (Name and Location of Bank Holding Company) duly called and held on t h e .....................day o f .......................................... , 19............ , on motion duly made and seconded, it was “ RESOLVED, that t h e ...................................................................................................................... ( T itle(s) of designated officer(s)) of this bank holding company be and (any one of them) is hereby authorized to designate on behalf of the company from time to time one subsidiary bank to participate in the nomination and election of directors of the Federal Reserve Bank of New York; P r o v i d e d , That such subsidiary bank is a member of the Federal Reserve System and is not otherwise disqualified from participating in such elections. “ RESOLVED FURTH ER, That the authority hereby granted shall continue in force until revoked by the Board of Directors of this bank holding company and that such authority heretofore conferred on any officer of this bank holding company is hereby revoked.” I hereby certify that the foregoing is a true and correct copy of a resolution of the Board of Directors of this bank holding company, or of its Executive Committee, duly adopted on the date specified. I also certify that if the foregoing resolution was adopted by the Executive Committee of this company’s Board of Directors, such Executive Committee is empowered to so act. Dated t h e .................. day o f ................................................., 19................... (Official signature) (S eal of B ank H o l d in g Co m pany ) (Title) To F C h a ir m ederal a n of t h e B R ank eserve B oard of of N D ir e c t o r s . ew Y ork. Special Election of a Class A Director For Unexpired Portion of Term Ending December 31, 1977 List of 106 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 March 2, 1977) CONNECTICUT Place Name of Bank or Trust Company Officers Authorized to Cast Vote Bridgeport The Connecticut National B a n k ........................................... President, any Vice President, or Cashier Bridgeport The State National Bank of C onnecticut......................... President, any Vice President, or Cashier NEW JEESEY Clifton New Jersey Bank (National Association) Dover President, any Vice President, or Cashier United Jersey B a n k /N o rth w e s t............................... President, any Vice President, Treasurer, or Assistant Treasurer Elizabeth The National State Bank, Elizabeth, N. J. . President, any Vice President, or Cashier Elizabeth United Counties Trust C om p an y .............................. Chairman of the Board, Chairman of the Executive Committee, President, or any Vice President Elizabeth United Jersey B a n k /C e n tra l..................................... President, any Vice President, or Treasurer Elmwood Park Hackensack Bankers National B a n k ................................................. United Jersey B a n k ........................................................ President, any Vice President, or Cashier Chairman or Vice Chairman of the Board, or any Vice President Hazlet Township United Jersey Bank/M id State, National Association Jersey City Commercial Trust Company of New Jersey . President, any Vice President, or Treasurer Jersey City The F irst Jersey National B a n k ............................... President, any Vice President, Cashier, or Secretary Jersey City The Trust Company of New J e r s e y ........................ President, any Vice President, or Treasurer Livingston Livingston National B a n k ........................................... President, any Vice President, or Cashier Maplewood The Maplewood Bank and Trust Company . President, any Vice President, Cashier, Treasurer, or Secretary Monroe Township Heritage Bank — North, National Association . President, any Vice President, or Cashier Montclair American National Bank & Trust of New Jersey . Chairman of the Board, President, Executive Vice President, any Vice President, or Secretary Neptune Township F irst Merchants National Bank . . . . President, any Vice President, or Cashier Newark Fidelity Union Trust Company President, or any Vice President Newark F irst National State Bank of New Jersey . Chairman of the Board, President, any Vice President, or Cashier Newark Midlantic National B a n k ............................... President, any Vice President, or Cashier Newton Midlantic National Bank/Sussex & Merchants President, any Vice President, or Cashier Old Bridge Township Amboy-Madison National Bank President, any Vice President, or Cashier . . . . . . . . 3 GROUP 2 NEW JERSEY ( Continued) Place Officers Authorized to Cast Vote Name of Bank or Trust Company Paramos Garden State National B a n k ......................... Chairman of the Board, President, any Vice President, or Secretary Passaic Valley National B a n k ................................................. President, any Vice President, or Treasurer Piscataway The National Bank of New J e r s e y ........................ President, any Vice President, or Cashier Piscataway The Peoples National Bank of Central Jersey President, any Vice President, or Cashier Plainfield United National B a n k ................................................. President, any Vice President, or Cashier President, any Vice President, or Cashier Raritan Township The Hunterdon County National Bank of Flemington Red Bank Colonial F irst National B a n k ..................................... President, any Vice President, or Cashier Ridgewood Citizens F irst National Bank of New Jersey President, any Vice President, or Cashier Rutherford National Community Bank of New Jersey . Chairman of the Board, Chairman of the Executive Committee, President, any Vice President, or Cashier Somerville F irst National Bank of Central Jersey . President, any Vice President, any Assistant Vice President, or Cashier South Plainfield F irst National State Bank — Edison . Succasunna F irst National State Bank of Northwest Jersey Cashier Tenafly F irst National State Bank — County . President, any Vice President, or Cashier Tenafly Midlantic National Bank/Citizens . . . . President, any Vice President, or Cashier Totowa F irst National Bank of New Jersey . Chairman of the Board, President, any Vice President, Cashier, or any Assistant Cashier Union The Union Center National Bank . President, any Vice President, or Cashier Wayne Prospect Park National Bank President, any Vice President, or Cashier Woodbridge Mid-Jersey National Bank . President, any Vice President, or Cashier Wood Ridge The Wood Ridge National Bank President, any Vice President, or Cashier NEW YORK Albany Bankers Trust Company of Albany, National Association . President, or any Vice President Albany National Commercial Bank and Trust Company . Albany State Bank of A lb a n y ............................................................. President, any Vice President, or Cashier Albany Union National B a n k ............................................................. President, any Vice President, or Cashier Arcade The Citizens Central B a n k ....................................................... President, any Vice President, or Cashier Binghamton First-City National Bank of Binghamton, N. Y. President, any Vice President, or Cashier Buffalo Citibank (New York S tate), National Association President, Executive Vice President, any Vice President, or Cashier Buffalo Liberty National Bank and Trust Company Canajoharie Central National Bank, C a n ajo h arie..................................... President, any Vice President, or Cashier Canandaigua The Canandiagua National Bank and Trust Company President, any Vice President, or Cashier Canton The St. Lawrence National B a n k ........................................... President, any Vice President, or Cashier Cedarhurst Peninsula National B a n k ....................................................... Chairman of the Board, President, any Vice President, or Cashier Elmira Chemung Canal Trust C o m p a n y ........................................... President, any Vice President, Cashier, Secretary, or Treasurer Endicott Endicott Trust C o m p a n y ....................................................... President, any Vice President, or Treasurer Garden City Long Island Trust C o m p an y ................................................. President, or any Vice President . . . President, any Vice President, or Cashier . President, any Vice President, or Cashier GROUP 2 NEW YORK ( Continued ) Name of Bank or Trust Company Place Glen Head Officers Authorized to Cast Vote The F irst National Bank of Glen H e a d ............................... President, any Vice President, or Cashier Glens Falls The F irst National Bank of Glens F a l l s ............................... Glens Falls Glens Falls National Bank and Trust Company . Gloversville City National Bank and Trust Company of Gloversville . President, any Vice President, or Cashier . . President, any Vice President, or Cashier . President, any Vice President, or Cashier Hempstead Hempstead B a n k ................................................................... President, any Vice President, or Cashier Hicksville Long Island B a n k ................................................................... President, any Vice President, or Cashier Ithaca Tompkins County Trust Com pany........................................... President, any Vice President, or Cashier Jamestown Bankers Trust Company of Western New York . President, any Vice President, or Cashier Jamestown The F irst National Bank of J a m e s to w n ........................ President, any Vice President, or Cashier Kingston Kingston Trust C o m p an y ....................................................... President, any Vice President, or Treasurer Liberty The Sullivan County National Bank of Liberty . Middletown Empire National B a n k ............................................................. Chairman of the Board, President, any Vice President, or Cashier Nanuet Nanuet National B a n k ............................................................. President, any Vice President, or Cashier Newburgh Highland National Bank of N e w b u rg h .............................. President, any Vice President, or Cashier . . . President, any Vice President, or Cashier New York City ( S ee p a g e 6) Norwich The National Bank and Trust Company of Norwich Olean Manufacturers Hanover Trust Company/Western, National A s s o c i a t i o n ......................................................................... President, any Vice President, or Cashier Oneonta Wilber National B a n k ................................................. Ontario Manufacturers Hanover Trust Company/Central New York President, or any Vice President Patchogue Island State B a n k ................................................................... Poughkeepsie Bankers Trust Company of Hudson Valley, National A s s o c i a t i o n .......................................................................... President, any Vice President, or Cashier Poughkeepsie Dutchess Bank & Trust C om pany........................................... President, any Vice President, or Secretary Riverhead The Suffolk County National Bank of Riverhead President Rochester Central Trust Company Rochester N. Y........................... ...... President, any Vice President, or Secretary Rochester Lincoln F irst Bank of R o ch ester........................................... Chairman of the Board, President, Senior Executive Vice President, any Executive Vice President, or any Senior Vice President Rochester Security Trust Company of Rochester Chairman of the Board, President, any Vice President, or Cashier President, any Vice President, or Cashier President President, any Vice President, or Secretary Saratoga Springs The Adirondack Trust Company . President, any Vice President, or Treasurer Sayville The Oystermen’s Bank and Trust Company . Chairman of the Board, President, any Vice President, or Secretary Scarsdale Scarsdale National Bank and Trust Company President Schenectady The Mohawk National Bank of Schenectady President, any Vice President, or Cashier Schenectady The Schenectady Trust Company . . . . Chairman of the Board, President, any Vice President, or Treasurer Smithtown Bank of S m ithtow n........................................... President, any Vice President, or Cashier Stony Brook Syracuse Syracuse Syracuse President, Bank of Suffolk C o u n t y .............................. President, F irst Trust & Deposit Company . . . . President, Lincoln F irst Bank — Central, National Association The Mediants National Bank & Trust Company of President, Syracuse ................................................................... 5 any Vice President, or Cashier any Vice President, or Secretary any Vice President, or Cashier any Vice President, or Cashier GROUP 2 NEW YORK ( Continued) Place Name of Bank or Trust Company Officers Authorized to Cast Vote Utica The Oneida National Bank and Trust Company of Central New Y o r k ............................................................................... President, any Vice President, or Cashier Watertown The National Bank of Northern New Y o r k ........................ President, any Vice President, or Cashier Wellsville The Citizens National Bank and Trust Company . President, any Vice President, or Cashier White Plains National Bank of W estchester................................................. President, any Vice President, or Cashier NEW YORK CITY Manhattan Barclays Bank of New Y o r k ................................................. President, any Vice President, or Cashier Bradford Trust C o m p an y ....................................................... Chairman of the Board, President, any Vice President, or Cashier Century National Bank and Trust C om pany........................ President, any Vice President, or Cashier The Merchants Bank of New Y o r k ..................................... President, any Vice President, Cashier, or Assistant Cashier Schroder Trust C o m p an y ....................................................... President, any Vice President, or Secretary Sterling National Bank & Trust Company of New York . President, any Vice President, or Cashier UBAF Arab American B a n k ................................................. United States Trust Company of New York . . . . Richmond President, or any Vice President Community National Bank and Trust Company of New Y o r k ..................................................................................... President, any Vice President, or Cashier PUERTO RICO Hato Rey Chairman of the Board, President, any Vice President, or Cashier F irst National Bank of Puerto Rico 6 Special Election of a Class B Director For Unexpired Portion of Term Ending December 31, 1978 List of 151 Member Banks in Group 3 ( Group 3 consists of member banks with capital and surplus of less than $3,000,000, on March 2, 1977) CONNECTICUT Place Name of Bank or Trust Company Officers Authorized to Cast Vote Fairfield Citizen’s National Bank of F a ir fie ld ........................ Norwalk The Connecticut Bank and Trust Company, N.A. . . President, any Vice President, or Cashier Stamford Liberty National Bank . . President, any Vice President, or Cashier Westport Westport National Bank . . President, any Vice President, or Cashier President, any Vice President, or Cashier NEW JERSEY Annandale Hunterdon County Trust C om pany..................................... President, any Vice President, Treasurer, or Assistant Treasurer Bayonne The Broadway National Bank of Bayonne . Belleville Peoples National Bank and Trust Company of Belleville President, any Vice President, or Cashier Belvidere The F irst National Bank of B elvid ere............................... President, any Vice President, or Cashier President, any Vice President, or Cashier Blairstown The F irst National Bank of B la irsto w n ........................ President, any Vice President, or Cashier Bloomsbury Citizens’ Bank, National A sso c iatio n .............................. President, any Vice President, or Cashier Branchville The National Bank of Sussex C o u n ty .............................. President, any Vice President, or Cashier Colonia F irst Bank of C o lo n ia ....................................................... President, any Vice President, or Secretary Cranbury Midlantic National B a n k /C r a n b u r y .............................. President, any Vice President, or Cashier Denville Township Peoples National Bank of North J e r s e y ........................ President, any Vice President, or Cashier Dunellen The F irst National Bank of D u n ellen ............................... President, or Cashier President, any Vice President, or Cashier Edison Midlantic National B ank/R aritan V a lle y ........................ Elizabeth City Trust Services, National Association . . . . Englewood Cliffs The Edgewater National B a n k ........................................... President, any Vice President, or Cashier Flemington The Flemington National Bank and Trust Company . President, any Vice President, or Cashier F ort Lee F irst National Bank in F ort L e e ..................................... President, any Vice President, or Cashier Franklin Lakes Urban National B a n k ....................................................... President, any Vice President, or Cashier Gladstone Peapack-Gladstone B a n k ....................................................... President, any Vice President, or Cashier Hillsborough The Hillsborough National B a n k ..................................... President, any Vice President, or Cashier Hillsdale Liberty National B a n k ....................................................... President, any Vice President, or Cashier President, any Vice President, or Cashier Hope The F irst National Bank of H o p e ..................................... Kearny The F irst National Bank and Trust Company of Kearny Chairman of the Board, President, any Vice President, or Cashier Manville The Manville National B a n k ........................................... 7 President, any Vice President, or Cashier GROUP 3 NEW JERSEY (Continued) Place Name of Bank or Trust Company Officers Authorized to Cast Vote Maywood Community Bank of Bergen County, N. J. President, any Vice President, or Cashier Montgomery Township The Montgomery National Bank President, any Vice President, or Cashier . Morristown Fidelity Union Trust Company, National Association Newark Broad National Bank, N e w a r k ........................................... President, any Vice President, Cashier, or Assistant Cashier Newark City National Bank of New J e r s e y ............................... Chairman of the Board, President, or Cashier Newark Security National Bank of New J e r s e y ......................... Chairman of the Board, President, any Vice President, or Cashier North Bergen Meadowlands National B a n k ........................................... Passaic Jefferson National B a n k ....................................................... Perth Amboy Perth Amboy National B a n k ........................................... Phillipsburg The Phillipsburg National Bank and Trust Company President, any Vice President, or Cashier Raritan State Bank of Raritan V a lle y ........................................... President, any Vice President, or Cashier President, any Vice President, or Cashier President, any Vice President, Cashier, or Secretary Secaucus Arcadia National Bank . Chairman of the Executive Committee, President, any Vice President, or Cashier Union City Pan American National Bank President, any Vice President, or Cashier NEW YORK President, any Vice President, or Cashier Addison Community National B a n k ............................... Alden Alden State B a n k ................................................. President, any Vice President, or Cashier Amenia The F irst National Bank of Amenia . President, any Vice President, or Cashier Angola The Evans National Bank of Angola . President, any Vice President, or Cashier A tlanta A tlanta National B a n k ..................................... President, any Vice President, or Cashier Auburn The National Bank of A u b u rn ......................... President, any Vice President, or Cashier Avoca Bank of A v o c a ................................................. President, any Vice President, or Cashier Ballston Spa Ballston Spa National B a n k ........................ President, any Vice President, or Cashier Bath The Bath National B a n k ............................... President, any Vice President, or Cashier Beacon The Fishkill National B a n k ............................... President, any Vice President, or Cashier Belmont The State Bank of Belmont, N. Y..................... President, any Vice President, or Cashier Binghamton Chemical Bank of B in g h am to n ........................ Bridgehampton The Bridgehampton National Bank Buffalo Chemical Bank — B u f f a l o ............................... Callieoon United National B a n k ..................................... President, any Vice President, or Cashier Canisteo F irst State Bank, Canisteo, N. Y ...................... President, any Vice President, Cashier, or Assistant Cashier Carmel The Putnam County National Bank of Carmel President, any Vice President, or Cashier Cattaraugus Bank of C a tta ra u g u s........................................... President, any Vice President, or Cashier President, any Vice President, or Cashier 8 GROUP 3 NEW YORK ( Continued) Place Name of Bank or Trust Company Officers Authorized to Cast Vote Chester The Chester National B a n k ............................... Clifton Springs The Ontario National Bank of Clifton Springs . President, any Vice President, or Cashier Clinton Hayes National B a n k ....................................................... President, any Vice President, or Cashier Cortland F irst National Bank of C o r tla n d ..................................... Chairman of the Board, President, any Vice President, or Cashier . President, any Vice President, or Cashier Coxsackie The National Bank of C oxsackie..................................... President, or any Vice President Delhi The Delaware National Bank of D e lh i............................... President, any Vice President, or Cashier Dover Plains The Dover Plains National Bank ' ............................... President, any Vice President, or Cashier Downsville The F irst National Bank of D ow nsville........................ Dryden The F irst National Bank of D r y d e n ............................... President, any Vice President, or Cashier Dundee Dundee State B a n k ............................................................. President, or Cashier E ast Hampton F irst National Bank of East H a m p to n ......................... President, or Cashier E ast Islip The F irst National Bank of East I s l i p ............................... President, or Cashier Ellen ville !Ellenville National B a n k ................................................. President, any Vice President, or Cashier Fleischmanns Deak National B a n k ............................................................. President, any Vice President, or Cashier Florida The National Bank of F lo r i d a ........................................... President, any Vice President, or Cashier Geneseo Genesee Valley National Bank and Trust Company of Geneseo ................................................................................ President, any Vice President, Cashier, or Executive Officer Geneva The National Bank of G e n e v a ........................................... President Gloversville The Fulton County National Bank and Trust Company Cashier Greene F irst National Bank in G re e n e ........................................... President, any Vice President, or Cashier Greenwich Chemical Bank Eastern, N. A.............................................. President, any Vice President, or Cashier Groton The F irst National Bank of G ro to n ............................... President, any Vice President, or Cashier Hammond The Citizens National Bank of H am m ond........................ President, any Vice President, or Cashier Hancock The F irst National Bank of H a n c o ck ............................... President, any Vice President, or Cashier Hempstead Vanguard National B a n k ................................................... Chairman of the Board, President, any Vice President, or Cashier Hermon The F irst National Bank of H e rm o n ............................... President, any Vice President, or Cashier Highland The F irst National Bank of H ig h la n d ............................... President, any Vice President, or Cashier Holland Bank of H o lla n d ................................................................... President, any Vice President, or Cashier Homer The Homer National B a n k ................................................. President, any Vice President, or Cashier Ithaca F irst National Bank and Trust Company of Ithaca . President, any Vice President, or Cashier Jeffersonville The F irst National Bank of Jeffersonville . . . . President, any Vice President, or Cashier Keeseville The Keeseville National B a n k ........................................... President, any Vice President, Cashier, or Assistant Cashier Kinderhook The National Union Bank of Kinderhook . President, any Vice President, or Cashier Kingston The Rondout National B ank........................ President, any Vice President, or Cashier La Fargeville Jefferson National B a n k ............................... President, any Vice President, or Cashier Lisbon The F irst National Bank of Lisbon President, any Vice President, or Cashier Little Falls The Herkimer County Trust Company . . President, any Vice President, or Cashier President, any Vice President, or Secretary GROUP 3 NEW YORK ( Continued) Place Little Falls Name of Bank or Trust Company Officers Authorized to Cast Vote The Little Falls National Bank . President, any Vice President, or Cashier Lyons The Lyons National B a n k ......................... President, any Vice President, or Cashier Lyons Falls The Lyons Falls National Bank . . . . President, any Vice President, or Cashier Mahopae The Mahopae National Bank . . . . Chairman of the Board, President, any Vice President, or Cashier Malone The Citizens National Bank of Malone President, any Vice President, or Cashier Malone Farmers National Bank of Malone . President, any Vice President, or Cashier Mexico The F irst National Bank of Mexico . President, or any Vice President Middletown Orange County Trust Company . President, any Vice President, or Secretary Millbrook Bank of M il l b r o o k ............................... President, any Vice President, or Cashier Monticello The National Union Bank of Monticello President, any Vice President, or Cashier Moravia The F irst National Bank of Moravia . President, or any Vice President Newburgh The Columbus Trust Company . President, or any Vice President pope New York City ( see Nichols The Nichols National Bank . . . . President, any Vice President, or Cashier Norfolk The F irst National Bank of Norfolk . President, any Vice President, or Cashier North Tarrytown The F irst National Bank of North Tarrytown . President, or Cashier Nyack Chemical Bank Hudson Valley, National Association President, any Vice President, or Cashier 11) Odessa Finger Lakes National B a n k ............................... President, any Vice President, or Cashier Oneida The Oneida Valley National Bank of Oneida . President, any Vice President, or Cashier Ovid The F irst National Bank of O v id ........................ President, any Vice President, or Cashier Owego The Owego National B a n k ..................................... President, any Vice President, or Cashier Oxford The National Bank of O x fo r d ............................... President, any Vice President, or Cashier Pawling The National Bank of P a w lin g ............................... President, any Vice President, Cashier, or Assistant Cashier Pine Plains The Stissing National Bank of Pine Plains . President, any Vice President, or Cashier Ramapo Peoples National Bank of Rockland County . President, any Vice President, or Cashier Red Hook The F irst National Bank of Red Hook . President, any Vice President, or Cashier Redwood The Redwood National B a n k ............................... President, any Vice President, or Cashier Rhinebeck The F irst National Bank of Rhinebeck . President, any Vice President, or Cashier Rochester F irst National Bank of R o c h ester......................... President, any Vice President, or Cashier Roxbury The National Bank of R o x b u ry ............................... President, any Vice President, or Cashier Salamanca Salamanca Trust C o m p an y ..................................... President, any Vice President, Cashier, or Secretary-Treasurer Savannah The National Bank of S a v a n n a h ........................ President, any Vice President, or Cashier Scotia F irst National Bank of S c o tia ............................... President, any Vice President, or Cashier Seneca Falls The State Bank of Seneca Falls, N. Y. President Sidney F irst National Bank in Sidney . President, any Vice President, or Cashier Solvay Solvay Bank . President, any Vice President, or Cashier ..................................... 10 GROUP 3 NEW YORK (Continued) Place Spencer Name of Bank or Trust Company Tioga State B a n k ................................................. Officers Authorized to Cast Vote President, any Vice President, Cashier, or Assistant Cashier Stamford The National Bank of S ta m f o r d ........................ President, any Vice President, or Cashier Syracuse Chemical Bank of S y ra c u se ..................................... President, or any Vice President Tupper Lake The Tupper Lake National B a n k ......................... President, any Vice President, or Cashier Union Springs Cayuga Lake National B a n k ............................... President, any Vice President, or Cashier Vernon The National Bank of V e rn o n ............................... President, any Vice President, or Cashier Walden The Valley National Bank, Wallkill, N. Y. . President, any Vice President, or Cashier Walton The National Bank of Delaware County, Walton . President, any Vice President, or Cashier Waterloo F irst National Bank of W a te rlo o ......................... President, any Vice President, or Cashier Watertown Seaway National B a n k ........................................... President, any Vice President, or Cashier Watkins Glen Glen National Bank and Trust Company . President, any Vice President, or Cashier Way land The F irst National Bank of Wayland . . . . President, any Vice President, or Cashier Willsboro Essex County-Champlain National Bank, Willsboro President, any Vice President, or Cashier Yonkers Hudson Valley National B a n k ............................... President, any Vice President, or Cashier NEW YORK CITY M anhattan Bessemer Trust Company, National Association . . . President, any Senior Vice President, any Vice President, or Secretary Capital National Bank of New Y o r k ...............................Chairman of the Board, President, any Vice President, or Cashier The Depository Trust Company . Freedom National Bank of New York . . . . . President, any Vice President, or Cashier H artford Trust Company of New York . . President, any Vice President, Treasurer, or Secretary Northwestern Trust Company (A Limited Purpose Trust . . President, any Vice President, Treasurer, C o m p a n y ) ............................................................. or Cashier Union Chelsea National Bank . Queens President, any Vice President, or Cashier Flushing National Bank 11
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