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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.