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FEDERAL RESERVE BANK OF NEW YORK C ircu la r N o. [ Election of Directors 10749 1 D ecem b er 19, 1994 J (By member banks classified in Group 1 on November 18, 1994, that is, member banks with capital and surplus of more than $1 billion on that date) To th e M e m b e r B a n k s o f th e S e c o n d F e d e r a l R e s e r v e D i s t r i c t : In a c c o r d a n c e w ith s e c tio n 4 o f th e F e d e r a l R e s e r v e A c t, as a m e n d e d , an d C ir c u la r N o. 1 0 7 4 2 , d ated N o v e m b e r 1 8 , 1 9 9 4 , o n th e n o m in a tio n o f d ir e c to r s o f th is B a n k for te r m s o f o f f ic e e n d in g D e c e m b e r 3 1 , 1 9 9 7 , to s u c c e e d T h o m a s G . L a b r e c q u e , c la s s A d irecto r, a n d R o b e r t E . A l l e n , c la s s B d irecto r, w h o s e te r m s e x p ir e D e c e m b e r 3 1 , 1 9 9 4 , th ere are s h o w n o n th e fo llo w in g p a g e s th e n a m e s o f th e c a n d id a te s n o m in a te d for su c h o f f ic e s , a n d b y w h o m n o m in a te d . To e a c h m e m b e r b a n k c la s s if ie d in G r o u p 1 o n N o v e m b e r 1 8 , 1 9 9 4 , th e fo llo w in g are b e in g se n t w ith th is circu lar: (a) B a llo t fo r u s e in v o tin g for c a n d id a te s fo r c la s s A d ir e c to r a n d c la s s B d irector. (b ) P in k b a llo t e n v e lo p e in w h ic h th e b a llo t is to b e s e a le d . (c ) C e r tific a te e n v e lo p e b e a r in g o n its fa c e th e c e r tific a te in regard to th e v o te. (d ) A d d r e s s e d e n v e lo p e in w h ic h a ll o f th e fo r e g o in g sh o u ld b e r e tu r n e d to m e. T h e b a llo t an d th e c e r tific a te o n th e c e r tific a te e n v e lo p e m u st b e e x e c u te d b y an o f f ic e r w h o h a s b e e n a u th o r iz e d to c a s t th e v o te. A lis t o f th e o ffic e r s d e s ig n a te d fo r th is p u r p o se b y th e m e m b e r b a n k s in G ro u p 1 w a s c o n ta in e d in th e a b o v e -m e n tio n e d c ir c u la r d a ted N o v e m b e r 1 8 , 1 9 9 4 , a n d a sim ila r lis t r e v ise d to d ate is c o n ta in e d h e r e in . In o r d e r that th e b a llo t m a y b e s e c r e t, th e n a m e o f th e b a n k a n d th e n a m e a n d title o f th e v o tin g o ffic e r s h o u ld n o t b e w r itte n o n th e b a llo t, b u t sh o u ld b e w r itte n o n ly o n th e c e r tific a te e n v e lo p e . (1 ) T h e b a llo t sh o u ld b e m a rk ed . (2 ) T h e m a r k e d b a llo t sh o u ld b e p la c e d in th e p in k b a llo t e n v e lo p e an d th at e n v e lo p e se a le d . (3 ) T h e n th e s e a le d p in k b a llo t e n v e lo p e sh o u ld b e p la c e d w ith in th e c e r tific a te e n v e lo p e , an d th e c e r tific a te e n v e lo p e sh o u ld b e s e a le d and th e c e r tific a te th e r e o n e x e c u te d . (4 ) T h e n th e c e r tific a te e n v e lo p e c o n ta in in g th e se a le d p in k b a llo t e n v e lo p e s h o u ld b e r e tu r n e d to m e in th e e n c lo s e d a d d r e sse d e n v e lo p e . T h e la w p r o v id e s th at th e b a llo t sh a ll b e c a st w ith in 15 d a y s a fter r e c e ip t o f th e lis t o f c a n d id a te s tra n sm itte d h e r e w ith . T h e p o lls w ill o p e n at 10 a .m ., D e c e m b e r 2 0 , 1 9 9 4 , a n d w ill c lo s e at 12 n o o n o n W ed n esd a y , January 4 , 1 9 9 5 , a n d in o rd er to b e c o u n te d as v a lid th e b a llo t m u st b e r e c e iv e d b y m e at o r b e fo r e th e latter tim e. U p o n th e c lo s in g o f th e p o lls th e b a llo t b o x w ill b e o p e n e d in th e b o a rd r o o m o f th is B a n k , th e s e a le d e n v e lo p e s c o n ta in in g th e b a llo ts w ill b e o p e n e d , th e v o te s c o u n te d a n d c h e c k e d b y te lle r s, a n d th e r e su lts o f th e e le c tio n a n n o u n c e d . T h e c a n d id a te s m ay, i f th e y s o d e sir e , b e p r e se n t or r e p r e se n te d o n th is o c c a s io n . B ec a u se b a n ks in G roups 2 a n d 3 w ill not vote in this election, this circu la r is sen t to them w ithout fo r m s a n d f o r th eir inform ation only. M a u r ic e R . G r e e n b e r g , C hairm an o f the B oard. Candidate for Class A Director J. CARTER BACOT Chairman and Chief Executive Officer The Bank of New York New York, N.Y. in J. C a r t e r B a c o t was born in Utica, N.Y. on February 7, 1933. He received an A.B. degree from Hamilton College and an LL.B. degree from Cornell Law School in 1958. He was admitted to the New York Bar in 1959. 1955 Mr. Bacot joined The Bank of New York in 1960. He became vice president and head of the Investment Research Department in 1967, head of the Personal Trust Department in 1970, and senior vice president in investment research in 1972. He was elected president of the bank in 1974, and was named vice chairman of the holding company in 1975 and its president in 1979. In 1982, he was elected chairman and chief executive officer of the bank. Among his other affiliations, Mr. Bacot is a trustee of Hamilton College, Atlantic Mutual Insurance Co., and The Economic Club of New York; a director of Phoenix Home Life Mutual Insurance Co.; Centennial Insurance Co., Atlantic Reinsurance Co., Woolworth Corporation, The Bankers Roundtable, The Philharmonic-Symphony Society of New. York, Inc., United Way of New York City, and the Josiah Macy, Jr. Foundation; and a member of The Institute of Chartered Financial Analysts, the New York State Bar Association, the Council on Foreign Relations, and the New York City Part nership, Inc. Nominated by the following member banks in Group 1 NEW YORK Place Name of Bank or Trust Company Buffalo Marine Midland Bank, N .A. New York City The Bank of New York 2 Candidate for Class B Director EUGENE R. McGRATH C h a ir m a n , P r e s i d e n t , a n d C h i e f E x e c u t i v e O f f i c e r C o n s o lid a te d E d is o n C o m p a n y o f N e w Y o rk , In c . N e w Y o r k , N .Y . R. M c G ra th was born in New York City on February 4, 1942. He received a mechanical engineering degree from Manhattan College in 1963 and a Masters in Business Administration from Iona College in 1980. He also completed the Advanced Management Program at Harvard University in 1989. E ugene Mr. McGrath began his career with Con Ed in 1963, holding positions in the utility’s major operating and customer service areas and managing its fossil-fired and nuclear generating plants. He was elected vice president in 1978, senior vice president in 1981, executive vice president in 1982, and president and chief operating officer in 1989. He has been chairman, president, and chief executive officer since 1990. Among his civic and professional affiliations, Mr. McGrath is chairman of the Business Alliance for a New New York, co-chairman of the 14th Street-Union Square Local Development Corporation, and a director of the American Museum of Natural History, the American Woman’s Economic Development Corporation, the Business Council of New York State, the Fresh Air Fund, Barnard College, Manhattan College, the National Action Council for Minorities in Engineering, the New York Chamber of Commerce and Industry, the New York City Partnership, the NYZS/The Wildlife Conservation Society, the Real Estate Board of New York, the Regional Plan Association, the United Way of New York City, and the United Way of Tri-State. He is also a member of the Business-Higher Education Forum, the Business Advisory Council for the City University of New York, the Council on Foreign Relations, the Energy Committee of the New York Building Congress, and the Executive Council for Pace University. Nominated by the following member banks in Group 1 NEW YORK Place Name of Bank or Trust Company Buffalo Marine Midland Bank, N .A. New York City The Bank of New York 3 Election of Directors For Terms of Office Ending December 31, 1997 List of the 8 Member Banks in Group 1 (Group 1 consists of member banks with capital and surplus of more than $1 billion, on November 18, 1994.) N EW YORK P la ce N a m e o f B an k or Trust C o m p a n y O ffic e r s A u th o rized to C ast Vote B u ffa lo M a rin e M id la n d B an k , N . A .................................................................................. C hairm an o f th e B o a rd , P resid en t, or S ecretary N e w York C ity T h e B ank o f N ew Y o r k ............................................................................................ C hairm an o f th e B o a rd , P resid en t, S en io r E x e c u tiv e V ice P r esid en t, or any E x e c u tiv e V ic e P resid en t B an k ers Trust C o m p a n y ....................................................................................... C hairm an o f th e B o a rd , V ice C h a irm a n , any E x ec u tiv e V ic e P resid en t, any M a n a g in g D irector, any S en io r V ice P resid en t, or S ecretary T h e C h a se M anhattan B ank (N a tio n a l A s s o c i a t i o n ) ............................. C hairm an o f the B oard , P r esid en t, V ice C hairm an o f the B oard , any V ic e P r esid en t, or S ecretary C h e m ic a l B a n k .......................................................................................................... C hairm an o f th e B o a rd , P resid en t, any V ic e C h a irm a n , or Secretary C itib a n k , N . A .............................................................................................................. C hairm an o f the B o a rd , C h airm an o f th e E x ec u tiv e C o m m ittee, any V ic e C h a irm a n , P resid en t, any E x e c u tiv e V ic e P resid en t, any S en ior V ice P resid en t, any V ic e P resid en t, or C ash ier M organ G uaranty Trust C o m p a n y o f N ew Y o r k ..................................... C hairm an o f th e B o a rd , a V ice C h a irm a n , P resid en t, any V ic e P resid en t, C ashier, or S ecretary R ep u b lic N ation al B an k o f N ew Y o r k .......................................................... C hairm an o f th e B o a rd , P r esid en t, any V ic e P r esid en t, or C ash ier 4 lomq CERTIFICATE ENVELOPE This Envelope Should Contain Only Ballot in Sealed Pink Envelope It Will Not Be Opened Until Polls Close ........................... , 1994 G ro u p N o. 1 T o C h a ir m a n o f th e B o a r d , F e d era l R e s e r v e B a n k o f N e w York. In a c c o r d a n c e w ith s e c tio n 4 o f th e F ed era l R e s e r v e A c t, a s a m e n d e d , I h e r e b y c e r t if y th at m y v o te fo r a c la s s A d ir e c to r a n d a c la s s B d ir e c to r o f th e F e d e r a l R e s e r v e B a n k o f N e w Y ork fo r te r m s o f o f f ic e e n d in g D e c e m b e r 3 1 , 1 9 9 7 , are a s in d ic a te d (b y X ) in th e b a llo t s e a le d h e r e in . (Name o f Bank) (Signature o f officer designated to vote. See list o f member banks in Group 1 in accompanying circular.) (Location o f Bank) (TITLE o f Voting Officer) lQ~iqq FED ER A L RESERVE BANK OF N EW YORK B allot December 19, 1994 G ro u p N o. 1 This ballot and the certificate on the certificate envelope must be executed by an of ficer who has been authorized to cast the vote and whose designation has been duly certified to me. The polls will open at 10 a.m. on December 20, 1994, and will close at 12 noon on Wednesday, January 4, 1995. This ballot must be returned so as to reach this Bank before the latter time. Failure to observe instructions will invalidate this ballot. M a u r ic e R. G reenberg , C h a i r m a n o f th e B o a r d . VOTE FOR C LASS A D IRECTOR OF FED ER A L RESERVE BANK OF N EW YORK for term of office ending December 31, 1997 C J. C a r t e r B a co t a n d id a t e C h airm an and C h ie f E x e c u tiv e O ffic e r T h e Bank o f N ew York N ew York, N ew York (Indicate vote by X below) o VOTE FOR CLASS B D IRECTOR OF FED ER A L RESERVE BANK OF N EW YORK for term o f office ending December 3 1 , 1 9 9 7 C E u g e n e R . M cG rath a n d id a t e C h a irm a n , P resid en t, and C h ie f E x e c u tiv e O ffic e r C o n so lid a te d E d iso n C om p an y o f N ew York, Inc. N ew Y ork, N ew York (Indicate vote by X below) o D IR EC TIO NS FOR RETURN OF BALLOT 1. Mark this ballot to indicate vote for each position. 2. Place marked ballot in the pink ballot envelope and seal the envelope. 3. Place sealed pink ballot envelope in certificate envelope and seal certificate envelope and execute certificate thereon. 4 Return scaled and executed certificate envelope (with scaled pink ballot envelope enclosed therein) in envelope addressed to Chairman. Board of Directors. Federal Reserve Bank of New York. Federal Reserve PO. Station. New York. N Y. 10045.
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