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FEDERAL RESERVE BANK OF NEW YORK Circular No. 1078 "1 [ January 8, 1932 J Appointment of Directors To all Member Banks in the Second Federal Reserve District: In our Circular No. 1071, dated November 16, 1931, we announced the results of the election of Class A and B directors of this bank by member banks. Since the date of that circular the Federal Reserve Board has reappointed J. HERBERT CASE as a Class C director of this bank for a term of three years from January 1, 1932, and has redesignated him as Chairman of the Board of Directors and as Federal Reserve Agent for the year 1932, and has reappointed OWEN D. YOUNG as Deputy Chairman of the Board of Directors for the year 1932. The Federal Reserve Board has reappointed GEORGE G. KLEINDINST, President, Liberty Bank of Buffalo, Buffalo, N. Y., as a director of our Buffalo Branch for a term of three years from January 1, 1932. The board of directors of this bank has appointed RAYMOND N. BALL, President, Lincoln-Alliance Bank and Trust Company, Rochester N. Y., as a director of our Buffalo Branch for a term of three years from January 1, 1932, to succeed JOHN T. SYMES, President, Niagara County National Bank and Trust Company, Lockport, N. Y., whose term as a director of our Buffalo Branch expired on December 31, 1931. The board of directors of this bank has also reappointed ROBERT M. O'HARA as Managing Director of our Buffalo Branch for the year 1932. With these changes the directorates of this bank and our Buffalo Branch are constituted as follows: DIRECTORS OF FEDERAL RESERVE BANK OF NEW YORK | ^ a, § <§ A 1 Term ^ sa. Expires § © Dee. SI o 5 ALBERT H. WIGGIN, New York City 1934 B 2 Chairman, Governing Board, The Chase National Bank of the City of New York 2 THOMAS W. STEPHENS, Montclair, N. J. President, Bank of Montelair 1932 1932 SAMUEL W. REYBURN, New York City 1933 C J. HERBERT CASE, New York City 1934 ° OWEN D. YOTTNG, New York City Deputy Chairman Chairman, General Electric Company 1932 CLARENCE M. WOOLLEY, Greenwich, Conn. 1933 3 DAVID C. WARNER, Endicott, N. Y. 1933 B 1 WILLIAM H. WOODIN, New York City 1934 C President, American Car & Foundry Company 3 President, Associated Dry Goods Corporation of New York A President, Endicott Trust Company, Endicott, N. Y. THEODORE F. WHITMARSH, New York City Chairman, Francis H. Leggett & Company »••'«.« B A Term Expires Deo. SI Chairman Chairman, American Eadiator and Standard Sanitary Corporation DIRECTORS OF BUFFALO BRANCH OF FEDERAL RESERVE BANK OF NEW YORK Term Expires Dec. SI FREDERICK B. COOLEY, 1932 President, New York Car Wheel Co., Buffalo LEWIS G. HARRIMAN, . Term Expires Deo. SI EDWARD G. MINER, 1933 President, Pfaudler Company, Bochester, N. Y. 1932 President, M & T Trust Company, Buffalo GEORGE G. KLEINDINST, 1934 President, Liberty Bank of Buffalo RAYMOND N. BALL, GEORGE F. RAND, President, Marine Trust Company, Buffalo 1933 1934 President, Lincoln-Alliance Bank and Trust Company, Rochester, N. Y. ROBERT M. O 'HARA, Managing Director GEORGE L. HARRISON, Governor. (M) FEDERAL RESERVE BANK OF NEW YORK January 16, 1932. NEW COUNTERFEITS To each Bank and Trust Company in the Second Federal Reserve District and others concerned: The Treasury Department in its circular letter No. 656, dated January 14, 1932, describes two new counterfeits as follows: ,1 SILVER CERTIFICATE 1928 Series; check letter "E"; face plate number indistinct, probably 9; back plate number missing; W. 0. Woods, Treasurer of the United States; A. W. Mellon, Secretary of the Treasury; portrait of Washington. This note is printed on one sheet of paper from crudely etched photo-mechanical plates of poor workmanship. The paper appears to have been soaked in chemical solution to give the note an aged effect. Although resembling a printed coupon, this note should not deceive wary handlers of currency. Specimen at hand bears serial number Q27923857A. $20 GOLD CERTIFICATE 1928 Series; check letter "K"; face plate number indistinct, probably 107; back plate number also indistinct, resembling 133; W. 0. Woods, Treasurer of the United States; A. W. Mellon, Secretary of the Treasury; portrait of Jackson. Printed on one sheet of bond paper from photo-mechanical plates, this counterfeit is calculated to deceive those persons who neglect to examine their money carefully. The seal and numbering are executed with smeary effect in bright orange, while the portrait and border lathework are printed heavily, destroying many of the fine lines which faulty etching failed to preserve. The back is executed in pale green. Specimen at hand bears serial number A37372451A. Care should be exercised in handling nott;s of this variety and denomination. The Treasury Department, Secret Service Division, requests that banks and others to whom counterfeit Government obligations may be presented endeavor when practicable to obtain information regarding their source and history. Any information of this kind should be forwarded to the Treasury Department, Secret Service Division, Customs House, New York, N. Y. George L. Harrison, Governor.