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FEDERAL RESERVE BANK OF NEW YORK ["Circular No. 12891 L October 5, 1933 J Nomination and Election of Directors To Member Banks in the Second Federal Reserve District: Aii election will be held under the provisions of Section 4 of the Federal Reserve Act to choose successors to the following directors of this bank whose terms will expire December 31, 1933: Class A director, DAVID C. WARNER, President, Endicott Trust Company, Endicott, New York, and Class B director, SAMUEL "W. EEYBURN, President, Associated Dry Goods Corporation of New York, New York City. Both directors were elected by banks in Group 3 and their successors will be chosen by this group. The banks in Groups 1 and 2 do not elect directors this year. Group 1 consists of banks having capital and surplus in excess of $1,999,000. Group 2 consists of banks having capital and surplus not exceeding $1,999,000 and not less than $201,000. Group 3 consists of banks having capital and surplus less than $201,000. (Listed on pages 3-8). Except as indicated in the two succeeding paragraphs of this circular, each bank in Group 3 is permitted to nominate a candidate for Class A director and a candidate for Class B director.* The nominations should be made by resolution of the boards of directors of the nominating banks and certified copies of such resolutions should be sent to me so as to reach me on or before October 28, 1933. The enclosed printed forms show the appropriate forms of resolution and one copy of each form should be used in sending certified copies of the resolutions to me. The Federal Reserve Board has ruled that banks in the hands of conservators or of state officials having similar authority are not entitled to nominate candidates for Class A and * Section 4 of the Federal Reserve Act reads in part as follows: "Class A shall consist of three members, who shall be chosen by and be representative of the stockholding 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." "No Senator or Representative in Congress shall be a member of the Federal Reserve Board or an officer or a director of a Federal Reserve Bank." In a resolution adopted December 23, 1915, the Federal Reserve Board expressed the opinion "that persons holding political or public office in the serviee 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." On December 28, 1915, the Federal Reserve Board resolved that "national bank examiners shall not hereafter be elected * * * to directorships in Federal Reserve Banks." Under date of July 2, 1925, the Federal Reserve Board advised it had "reached the conclusion that a person whose sole occupation is that of officer of an insurance company is not eligible for election as a Class B director of a Federal Reserve Bank.'' Section 33 of the Banking Act of 1933 adds a new section, Section 8A, to the Clayton Antitrust Act, reading as follows: "That from and after the 1st day of January 1934, no director, officer, or employee of any bank, banking association, or trust company, organised or operating under the laws of the United States shall be at the same time a director, officer, or employee of a corporation (other than a mutual savings bank) or a member of a partnership organized for any purpose whatsoever which shall make loans secured by stock or bond collateral to any individual, association, partnership, or corporation other than its own subsidiaries." The language ' ' any bank, banking association, or trust company organized or operating under the laws of the United States'', as used in the above quoted Section 8A of the Clayton Antitrust Act, includes Federal Reserve Banks. The Federal Reserve Board is authorized under the provisions of Section 8 of the Clayton Antitrust Act to issue permits covering private bankers and directors, officers, and employees of banks, banking associations, and trust companies, but the Federal Reserve Board is not authorized to issue a permit authorizing a director of a Federal Reserve Bank to be a director, officer or employee of a corporation other than a bank, banking association or trust company or to be a member of a partnership other than a firm of private bankers. Consequently, no person may be a director of a Federal Reserve Bank if he is a director, officer or employee of a corporation (other than a bank, banking association or trust company) which makes loans secured by stock or bond collateral to any individual, association, partnership or corporation other than its own subsidiaries, or if he is a member of a partnership (other than a firm of private bankers) which makes loans secured by stock or bond collateral to any individual, association, partnership or corporation other than its own subsidiaries. Class B directors of Federal Reserve Banks or to vote in the election of such directors, and, consequently, such banks in the Second Federal Reserve District may not participate in this nomination and election. Under the provisions of Section 4 of the Federal Reserve Act, as amended by the Banking Act of 1933**, whenever any two or more member banks within the same Federal Reserve District are affiliated with the same holding company affiliate (as that term is defined in Section 2 (c) of the Banking Act of 1933)*** participation by such member banks in the nomination of candidates for, or the election of, directors of Federal Reserve Banks shall be confined to one of such banks, and the holding company affiliate may designate the bank to participate in such nomination or election. Accordingly, banks in Group 3 affected by the foregoing provision of the law are requested to take prompt action to have the appropriate holding company affiliate designate one of its affiliated banks to participate in this nomination and election. Such designations should be made by resolutions of the boards of directors or similar governing bodies of the holding company affiliates and should be made even though in any particular case only one of the affiliated banks may be in Group 3. Two copies of a printed form of appropriate resolution are enclosed, and one copy thereof should be completed and sent to me so as to reach me on or before October 28, 1933. On October 31, 1933, copies of the list of candidates (indicating by whom nominated) and preferential ballots will be mailed so that, in the normal course of the mails, they will be received by all banks in Group 3 on November 1,1933. The law provides that the ballot shall be cast within 15 days after receipt of this list. The polls will open on November 1, 1933, and will close at 12 o'clock noon on Thursday, November 16, 1933. 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 results of the election announced. The candidates will be invited to 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 o'clock noon on Thursday, November 16, 1933). The list on the following pages shows the officers heretofore designated for this purpose by the respective banks in Group 3. In Circular No. 989, dated July 1, 1930, each member bank was requested to designate, by title only, several officers to cast the vote of the member bank in elections of Class A and Class B directors of this bank. This uniform plan of designation had been agreed upon by the chairmen of the boards of directors of all the Federal Reserve Banks and approved by the Federal Reserve Board; and was for the purpose of avoiding the inconvenience incident to the designation of a single officer both by name and title, which made necessary the adoption of a new resolution in the event of his promotion or resignation or if for some other reason he was unable to cast the vote. Each member bank in Group 3 which has not already furnished me with a certified copy of resolution designating officers by title only will receive with this present circular two copies of a form of such resolution, and I request that this form of resolution be adopted by the board of directors and that a certified copy be sent to me. While the banks in Groups 1 and 2 will not participate in this election, this circular is sent to them without forms for their information. J. H. CASE, Chairman of the Board. ••Section 3 (b) of the Banking Act of 1933 provides: "The paragraph of section 4 of the Federal KeserveAct, as amended (U. S. C, title 12, sec. 304), which commences with the words 'The Federal Eeserve Board shall classify* is amended by inserting before the period at the end thereof a colon and the following: 'Provided, That whenever any two or more member banks within the same Federal reserve district are affiliated with the saint, holding company affiliate, participation by such member banks in any such nomination or election shall be confined to one of such banks, which may be designated for the purpose by such holding company affiliate.' " *** Section 2 (c) of the Banking Act of 1933 defines the term "holding company affiliate" as follows: " (c) The term 'holding company affiliate' shall include any corporation, business trust, association, or other similar organization— " ( 1 ) Which owns or controls, directly or indirectly, either a majority of the shares of capital stock of a member bank or more than 50 per centum of the number of shares voted for the election of directors of any one bank at the preceding election or controls in any manner the election of a majority of the directors of any one bank; or " (2) For the benefit of whose shareholders or members all or substantially all the capital stock of a member bank is held by trustees." 2 1933 Election of Directors List of 384 Licensed Member Banks in Group 3 Revised to October 2, 1933 Group 3 consists of banks having capital and surplus less than $201,000 CONNECTICUT Bank or Trust Company Place Officers Authorized to Cast Vote The Bethel National Bank The Byram National Bank of East Port Chester (P. 0., President Port Chester, N. Y.) President, any Vice-President, or Cashier First National Bank in Greenwich The First National Bank & Trust Company of New Canaan The First National Bank and Trust Company of RidgeA. V. Davis, Vice-President and Cashier field Bethel East Port Chester Greenwich New Canaan Ridgefield NEW JEESEY Allendale Allenhurst Allentown Atlantic Highlands Belvidere Bergenfield Bernardsville Blairstown Bloomfield Bloomingdale Bloomsbury Bogota Bogota Boonton The First National Bank of Allendulc . Allenhurst National Bank and Trust Company . Farmers National Bank of Allentown . The Atlantic Highlands National Bank. The First National Bank of Belvidere . . . , The Bergenfield National Bank and Trust Company The Bernardsville National Bank . . . . The First National Bank of Blairstown. Community Trust Company of Bloomfield . The First National Bank of Bloomingdale . The Citizens National Bank of Bloomsbury. Bank of Bogota The Bogota National Bank Boonton Trust Company . . . Bradley Beach Butler Caldwell Carteret The First National Bank of Bradley Beach . The First National Bank of Butler . The Caldwell National Bank Carteret Bank and Trust Company . Cedar Grove Clifton Clifton Clinton Clinton Cranbury Cranford Dumont Dunellen Dunellen The First National Bank of Cedar Grove The Clifton National Bank The First National Bank of Clifton . The Clinton National Bank The First National Bank of Clinton The First National Bank of Cranbury The First National Bank of Cranford The Dumont National Bank . The First National Bank of Dunellen People's Trust Company . Eatontown The First National Bank of Eatontown Englishtown Fanningdale The First National Bank of Englishtown The First National Bank of Farmingdale Flemington Fort Lee The Flemington National Bank and Trust Company. Fort Lee Trust Company . The Central National Bank of Freehold Freehold The First National Bank of Freehold . Freehold The Union National Bank of Frenchtown . Frenchtown The First National Bank of Garwood Garwood Glen Rock National Bank . . . . Glen Rock State Bank & Trust Company of Hackensack, N. JHackensack The Hackettstown National Bank Hackettstown Haledon National Bank Haledon The Hardyston National Bank of Hamburg Hamburg Hasbrouck Height* Bank of Hasbrouck Heights . . . . High Bridge The First National Bank of High Bridge . Highland Park The First National Bank of Highland Park Hillsdale The Hillsdale National Bank . . . . Hope The First National Bank of Hope . Irvington The Peoples National Bank & Trust Company of Irvington President, Vice-President, or Cashier President or Cashier President, President, President, President, any any any any Vice-President, Vice-President, Vice-President, Vice-President, or or or or Cashier Cashier Cashier Cashier President, any Vice-President, or Cashier J. E. Greer, Cashier President, any Vice-President, or Treasurer Wm. L. McCue, President Isaac L. Evans, Vice-President President, any Vice-President, or Treasurer President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier William H. Heart, Cashier President, any Vice-President, Treasurer, or Assistant Treasurer Chairmanj President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, Cashier, or E. O. Murphy, Cashier President, any Vice-President, Samuel J. Corker, Pres., or Peter Heft, Vice-Pres. President, any Vice-President, or Cashier J. W. S. Campbell, President President, or Cashier T. R. Hoffman, Cashier S. R. Smith, President President, any Vice-President, or President, any Vice-President, or President, any Vice-President, or Foster M. Voorhees, President President, any Vice-President, or President, any Vice-President, or Cashier Cashier Cashier Cashier Cashier President, any Vice-President, Cashier, or any Assistant Cashier NEW JERSEY—Continued Bank or Trust Company Keansburg Keyport The Keansburg National Bank The Peoples National Bank of Keyport Lambertville The Amwell National Bank of Lambertvillf> Lambert ville Little Falls Little Ferry Livingstoji Lodi Madison Manasquan Man ville Matawan Milford Milltown Netcong North Arlington North Bergen Nutley Nutley Oradell Park Ridge Perth Amboy Prospect Park Ridgefield Rochelle Park Rockaway Sayreville South Amboy South Plainfield Springfield Teaneck Tenafly Union Weehawken West Englewiiod Westfield Whippany Wood Ridge Wyckoff The Lambertville National Bank The Little Falls National Bank The Little Ferry National Bank . Livingston National Bank First National Bank in Lodi The First National Bank of Madison . . . . Manasquan National Bank The Manville National Bank The Farmers and Merchants National Bank of Matawan The First National Bank of Milford . . . . The First National Bank of Milltown . . . . The Citizens National Bank of Netcong The North Arlington National Bank . . . . The First National Bank of North Bergen . The First National Bank of Nutley . . . . The Franklin National Bank of Nutley The First National Bank of Oradell . . . . The First National Bank of Park Ridge The Raritan Trust Company The Prospect Park National Bank . . . . The Ridgefield National Bank Rochelle Park Bank of Rochelle Park, N. J. The First National Bank of Rockaway The First National Bank of Sayreville . . . . The First National Bank of South Amboy . The First National Bank of South Plainfield The First National Bank of Springfield. The Teaneck National Bank T!ie Northern Valley National Bank of Tenafly . The Union Center National Bank The Hamilton National Bank of Weehawken The West Englewood National Bank The National Bank of Westfield . . The First National Bank of Whippany The Wood Ridge National Bank . The First National Bank of Wyckoff Officers Authorized to Cast Vote President, any Vice-President, or Cashier President, any Vice-President, Cashier, or Secretary President, any Vice-President, Cashier, or any Assistant Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier Henry S. Terhune, President President W. Egbert Thomas President, any Vice-President, or Cashier President, any Viee-President, or Cashier B. R. Colwell, President President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Treasurer President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier Peter J. Miller, Cashier President, any Vice-President, or Cashier John R. Buchanan, President Alfred J. Curtin, President Bertram E. Sherman, President President, any Vice-President, or Cashier President, any Vice-President, or Cashier NEW YOEK Addison Afton Allegany Amenia Andes Andover Angola Arcade Ardsley Argyle Athens Aurora Avoca Babylon Bainbridge Baldwin Baldwinsville Barker Batavia Bath Bay Shore Belfast Bellerose Bellmore Belmont Blasdell Bolivar Bolton Landing Boonville Boonville The First National Bank of Addison . First National Bank of Afton The First National Bank of Allegany . . . . The First National Bank of Amenia . . . . The National Bank of Andes The Burrows National Bank of Andover The Evans National Bank of Angola . . . . The First National Bank of Arcade . . . . The First National B> nk of Ardsley . . . . The National Bank of Argyle The Athens National Bank The First National Bank of Aurora . . . . Bank of Avoca The Babylon National Bank & Trust Company . The First National Bank of Bainbridge The Baldwin National Bank and Trust Company The First National Bank and Trust Company of Baldwinsville The Somerset National Bank of Barker Genesee Trust Company The Bath National Bank . . . . The First National Bank and Trust Company of Bay Shore The First National Bank of Belfast . . . . The First National Bank of Bellerose . . . . The First National Bank of Bellmore . . . . The State Bank of Belmont, N. Y Bank of Blasdell The First National Bank of Bolivar . . . . Bolton National Bank of Bolton Landing . The First National Bank of Boonville . . . . The National Exchange Bank of Boonville . President, any Vice-President, or President, any Vice-President, or President, any Vice-President, or President, any Vice-President, or J. Alex. Stott, Assistant Cashier John E. Cannon, Cashier President, any Vice-President, or Cashier Cashier Cashier Cashier President, any Vice-President, or N. Lansing Zabriskie, President President, any Vice-President, or President, any Vice-President, or President, any Vice-President, or Cashier Cashier Cashier Cashier Cashier President, any Vice-President, or Cashier J. L. Dickinson, Cashier President, any Vice-President, or Cashier W. W. Dort, President President, President, President, President, President, President, President, any any any any any any any Vice-President, Vice-President, Vice-President, Vice-President, Vice-President, Vice-President, Vice-President, or or or or or or or Cashier Cashier Cashier Cashier Cashier Cashier Cashier NEW YOBK—Continued Officers Authorized to Cast Vote Place President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President. or Cashier Brewstcrs Bridgehampton Cairo Callicoon Cambridge Camden The First National Bank of Brewsters . . . . The Bridgehampton National Bank . . . . The First National Bank of Cairo The First National Bank in Callicoon . . . . The Cambridge Valley National Bank . . . . The First National Bank and Trust Company of Camden Canajoharie Canastota Candor Canistpo The Canajoharie National Bank . The First National Bank of Canastota The First National Bank of Candor First State Bank of Canisteo, N. Y. Canton Canton Carmel Castleton on Hudson Cazenovia Cedarhurst Center Moriches Central Islip Central Square Central Valley Chappaqua Chateaugay Chatham Cherry Valley Chester Clayton Clifton Springs Clinton Cohocton T h e First National B a n k of C a n t o n . . . . T h e S t . Lawrence C o u n t y N a t i o n a l B a n k of C a n t o n T h e P u t n a m C o u n t y National B a n k of Carmel . T h e N a t i o n a l Exchange B a n k of Castleton on Hudson T h e Cazenovia National B a n k T h e Peninsula N a t i o n a l B a n k of C e d a r h u r s t T h e C e n t e r Moriches B a n k T h e Central Islip National B a n k T h e First National B a n k of C e n t r a l S q u a r e . T h e C e n t r a l Valley National B a n k . . . . The Chappaqua National Bank T h e First National B a n k of C h a t e a u g a y S t a t e Bank, C h a t h a m , New York Otsego C o u n t y N a t i o n a l B a n k of C h e r r y Valley T h e Chester National Bank T h e First National Exchange B a n k of C l a y t o n . T h e Ontario National Bank of Clifton Springs . T h e H a v e s National B a n k of Clinton . . . . T h e Cohocton S t a t e B a n k Cold Spring Copenhagen Cornwall Coxsackie Croghan Croton on Hudson Cuba Cuba Cutchogue Dansville Delhi The The The The The The The The The The The Deposit Dexter T h e F a r m e r s N a t i o n a l B a n k of Deposit T h e First N a t i o n a l B a n k of D e x t e r Dolgeville Dover Plains Downs ville Dryden Dundee The The The The The Earlville East Islip East Northport Eastport East Rockaway East Setauket Edmeston Ellenville T h e First N a t i o n a l B a n k of Earlville . . . . T h e F i r s t N a t i o n a l B a n k of E a s t Islip . . . . T h e Citizens N a t i o n a l B a n k of E a s t N o r t h p o r t . The Eastport National Bank President, any Vice-President, or Cashier East Rockaway National Bank & Trust Company . T h e T i n k e r N a t i o n a l Bank of E a s t S e t a u k e t T h e F i r s t National B a n k of E d m e s t o n . . . . President, any Vice-President, or Cashier T h e F i r s t N a t i o n a l B a n k a n d T r u s t C o m p a n y of Ellen ville President, any Vice-President, or Cashier T h e H o m e N a t i o n a l B a n k of E l l e n v i l l e . . . . President, any Vice-President, or Cashier Southside N a t i o n a l B a n k of E l m i r a . . . . President, Vice-President, or Cashier T h e F i r s t N a t i o n a l B a n k of Elmsford . . . . President, any Vice-President, or Cashier The Endicott National Bank President, any Vice-President, or Cashier Endicott Trust Company President, any Vice-President, or Treas- Ellenville Elmira Elmsford Endicott Endicott Endicott . N a t i o n a l B a n k of Cold Spring o n Hudson . Copenhagen National B a n k Cornwall National B a n k N a t i o n a l B a n k of Coxsackie C r o g h a n National B a n k F i r s t National B a n k of C r o t o n on H u d s o n . C u b a National B a n k First N a t i o n a l B a n k of C u b a F i r s t N a t i o n a l B a n k of C u t c h o g u e . M e r c h a n t s a n d F a r m e r s N a t i o n a l B a n k of Dansville Delaware N a t i o n a l B a n k of Delhi . . . . First N a t i o n a l B a n k of Dolgeville D o v e r Plains N a t i o n a l B a n k F i r s t National B a n k of Downsville First N a t i o n a l B a n k of D r y d e n Dundee National Bank . . . . . . . . . . . . President, any Vice-President, or Cashier President, any Vice-President, or Cashier C. C. Adams, President President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President. or Cashier President, any Vice-president, Cashier. or Assistant Cashier Coryell Clark, President President, any Vice-President, or Cashier J. S. Holloran, Cashier President, or any Vice-President President, any Vice-President, or Cashier C. A. Ackerly, President President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, Cashier, or W. W. Honeywell, President President, any Vice-President, or Cashier President, any Vice-President, Cashier, or Assistant Cashier President, any Vice-President, or Cashier E. G. Reynolds, President President, any Vice-President, or Cashier J. D. Ross, President. President, any Vine-President, Cashier, or an Assistant Cashier H. H. White, President President, or Cashier urer Union T r u s t C o m p a n y of E n d i c o t t ( P . O.—Union Station President, any Vice-President, Cashier, N . Y.) or Assistant Treasurers Fairport National Bank and Trust Company Chairman, President, any Vice-Presi- Fairport Falconer Farmingdale T h e F i r s t N a t i o n a l B a n k of Falconer T h e B a n k of F a r m i n g d a l e Farmingdale Fleiachmanns T h e First N a t i o n a l B a n k of F a r m i n g d a l e T h e F i r s t N a t i o n a l B a n k of Fleischmanns . . President, any Vice-President, or Cashier Chairman, President, any Vice-President, or Cashier President, any Vice-President, or Cashier President Wm. B. Smith, President President, any Vice-President, Cashier, or Assistant Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier Clayton Ryder, President . . . . dent, or Cashier C. E. Olson, Cashier President, any Vice-President, Cashier, or Alonzo P. Whitson, President President, any Vice-President, or Cashier NEW YOKK—Continued Bank or Trust Company Place Officers Authorized to Cast Vote Vice-President and Cashier Chas. H. Van Nostrand President, any Vice-President, or Cashier Floral Park Flora! Park Bank Fonda Forestville Fort Edward Frankfort The National Mohawk River Bank of Fonda The First National Bank of Forestville. . The Fort Edward National Bank Citizens First National Bank of Frankfort . Franklin Square The Franklin Square National Bank Franklinville Fredonia Freeport Friendship Fultonville Gainesville Glen Head Goshen Grand Gorge Granville Greene Greenport Greenport Greenwich Groton The Union National Bank of Franklinville . The National Bank of Fredonia The Citizens National Bank of Freeport The Union National Bank of Friendship The Fultonville National Bank The Gainesville National Bank . . .. The First National Bank of Glen Head The Goshen National Bank The First National Bank of Grand Gorge . The Washington County National Bank of Granville The First National Bank in Greene . . The First National Bank of Greenport . . . . The Peoples National Bank of Greenport The First National Bank of G r e e n w i c h . . . . The First National Bank of Groton Hamburg Hamden Hamilton The Peoples Bank of Hamburgh The First National Bank of Hamden The National Hamilton Bank . . . . . . . . . . . . . . Hammondsport The Bank of Hammondsport Hampton Bays Hancock Harrison Harrisville Hartsdale Hartwick Hastings-uponHudson Hermon Heuvelton Hicksville Highland Highland Falls Hobart Holcomb Holland Patent Homer Horseheads Ilion Interlaken Inwood Irvington Jeffersonville Jordan Katonah Keeseville The The The The The The The First National Bank of Hastings-upon-Hudson The First National Bank of Hermon . . . The First National Bank of H e u v e l t o n . . . The Long Island National Bank of Hicksville The First National Bank of Highland . . . The First National Bank in Highland Falls The National Bank of Hobart The Hamlin National Bank of Holcomb The First National Bank of Holland Patent The Homer National Bank The First National Bank of Horseheads Ilion National Bank and Trust Company The Wheeler National Bank of Interlaken . The First National Bank of Inwood . . . The Irvington National Bank and Trust Company The First National Bank of Jeffersonville . . The Jordan National Bank . . . . Northern Westchester Bank The Keeseville National Bank Kerhonkson Lacona La Fargeville Lake George Lake Ronkonkoma Liberty Liberty Lindenhurst Lisle Livingston Manor Livonia Long Beach Lowville Lynbrook Lyons Lyons Falls Mahopac Malone Manhasset The Kerhonkson National Bank The First National Bank of Lacona The First National Bank of La Fargeville . First National Bank of Lake George . . . . The National Bank of Lake Ronkonkoma . The National Bank of Liberty The Sullivan County National Bank of Liberty . The First National Bank of Lindenhurst The First National Bank of Lisle The Livingston Manor National Bank . . . . The Stewart National Bank and Trust Company of Livonia The National City Bank of Long Beach The Black River National Bank of Lowville The Peoples National Bank and Trust Co. of Lynbrook The Lyons National Bank The Lyons Falls National Bank The Mahopac National Bank The Citizens National Bank of M a l o n e . . . . First National Bank and Trust Company of Manhasset Hampton Bays National Bank First National Bank of Hancock . First National Bank of Harrison First National Bank of Harrisville Hartsdale National Bank Hartwick National Bank . . . . . . . . . . Chairman, President, any Vice-President, or Cashier President, any Vice-President, Cashier, or Fred Schilling, Vice-President President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier W. A. Wells, Cashier President, any Vice-President, or Cashier D. D. Nelson, Cashier | Cashier G. C. Adams, President Irving L. Price, Cashier Judson Edie, President President, any Vice-President, Cashier, or C. O. Rhodes, Assistant Cashier, or M. M. Gale. Assistant Cashier President, or Cashier President, any Vice-President, or Cashier Chairman, President, any Vice-President, or Cashier President, any Vice-President, Cashier, or Assistant Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier Fred E. Whipple, Cashier i President, any Vice-President, or Cashier i H. D. Bilderbeck, Cashier Geo. N. Risley, Cashier Cashier J. W. Feeter, a Director Frederick R. Fitchett, President President, any Vice-President, or Cashier C. F. Hoffmeister, Cashier Randolph H. Miller, President F. J. Campbell, President President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier Ellery T. Delling, Cashier President, any Vice-President, or Cashier President, any Vice-President, Cashier, or Assistant Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, President, any Vice-President, George Pebler, Cashier President, any Vice-President, President, any Vice-President, President, any Vice-President, President, any Vice-President, Fresident or Cashier or Cashier or Cashier or Cashier or Cashier or Cashier F. W. Chamberlain, President G. C. Cannon, President Edward S. Agor, President J. M. Cantwell, President President, any Vice-President, or Cashier NEW YORK—Continued Place Officers Authorized to Cast Vote Bank or Trust Company Marathon Marcellus Marion The First National Bank of Marathon . The First National Bank of Marcellus The First National Bank of Marion Marlboro Massena Mattituck Maybrook Mayville Merrick Mexico Middleburgh Middleville Milford Millbrook Millerton The First National Bank of Marlboro . . . The First National Bank and Trust Co. of Massena The Mattituck National Bank and Trust Company The Maybrook National Bank The State Bank of Mayville, Mayville, N. Y. . The First National Bank of Merrick . . . The First National Bank of Mexico . . . The First National Bank of Middleburgh The Middleville National Bank The Milford National Bank Bank of Millbrook The Millerton National Bank Milton Mineola Minoa Montour Falls Moravia Morris Morristown Morrisville Mount Kisco Mount Morris Nanuet Narrowsburg Newark Valley New Berlin New Hartford Nichols Norfolk North Creek Northport North Syracuse Oceanside The First National Bank of Milton . . . . The Central National Bank of Mineola First National Bank of Minoa Montour National Bank in Montour Falls . The First National Bank of Moravia . . . The First National Bank of Morris . . . The Frontier National Bank of Morristown. The First National Bank of Morrisville Trust Company of Northern Westchester . The Genesee River National Bank of Mount Morris Nanuet National Bank The First National Bank of Narrowsburg . The First National Bank of Newark Valley. The National Bank of New Berlin The First National Bank of New Hartford . The Nichols National Bank The First National Bank of Norfolk . . . . The North Creek National Bank . The First National Bank and Trust Company of Northport The North Syracuse National Bank . . . . The Oceanside National Bank (P. O., Rockville Centre, N. Y.) The First National Bank of Odessa . . . . The First National Bank of Old Forge . . . . Olean Trust Company Odessa Old Forge Olean Oneonta Orchard Park Oriskany Falls Owego Painted Post Patchogue Pawling Pearl River Pearl River Perry Perry Pine Plains Pittsford Poland Port Byron Port Henry Port Jefferson Port Leyden Port Washington Port Washington Potsdam Ravena Red Creek Red Hook Redwood Remsen Rhinebeck Richfield Springs Roosevelt Roscoe . . . . . . . . . . . . . . . . President J. C. Parsons, President President, any Vice-President, Cashier or Assistant Cashier J. F. Wygant, President President President, any Vice-President, or Cashier John F. Shields, President President, any Vice-President, or Cashier Frederick H. Buss, Cashier C. A. Peck, Cashier W. G. Beekman, Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, Vice-President, or Cashier President, any Vice-President, Cashier, or Frank A. Hotchkiss, President Arthur B. Merritt, Cashier President, any Vice-President, or Cashier President, Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier H. C. Wood, President H. R. Porter, Cashier President, any Vice-President, President, any Vice-President, President, any Vice-President, President, any Vice-President, President, any Vice-President, President, any Vice-President, President, any Vice-President, President, any Vice-President, or or or or or or or or President, any Vice-President, President, any Vice-President, President, any Vice-President, President, any Vice-President, or Treasurer or Cashier or Cashier or Cashier Secretary, Cashier Cashier Cashier Cashier Cashier Cashier Cashier Cashier The Citizens National Bank and Trust Company of M. C. Hemstreet, Cashier Oneonta President, any Vice-President, or Cashier The Bank of Orchard Park The First Trust and Deposit Company of Oriskany Falls, President, any Vice-President, or Treasurer President, any Vice-President, or Cashier The First National Bank of Owego . . . . First National Bank of Painted Post . . President, any Vice-President, or Cashier The Peoples National Bank of Patchogue . The National Bank of Pawling First National Bank and Trust Company of Pearl Riverj President, any Vice-President, or Cashier President, any Vice-President, or Cashier State Bank of Pearl River, N. Y C. M. Smith, Cashier The Citizens Bank of Perry . . . . President, any Vice-President, or Cashier The First National Bank of Perry President, any Vice-President, or Cashier The Stissing National Bank of Pine Plains . President, any Vice-President, or Cashier The Pittsford National Bank Stephen R. Brayton, President The Citizens National Bank of Poland . . . . President, any Vice-President, or Cashier The National Bank of Port Byron The Citizens National Bank of Port Henry President F. A. Kline The First National Bank of Port Jefferson . The Port Leyden National Bank President, any Vice-President, Cashier, or George W. Neice, Cashier The Harbor National Bank of Port Washington President, any Vice-President, or Cashier | The Port Washington National Bank and Trust Co. The Citizens National Bank of Potsdam The First National Bank of Ravena . . . . Presjdent, any Vice-President, or Cashier The Red Creek National Bank President, any Vice-President, or Cashier The First National Bank of Red Hook President, any Vice-President, or Cashier The Redwood National Bank President, any Vice-President, or Cashier The First National Bank of Remsen . . . . President, any Vice-President, or Cashier The First National Bank of R h i n e b e c k . . . . President, any Vice-President, or Cashier The First National Bank of Richfield Springs Geo. T. Brockway, President The First National Bank of Roosevelt . . . . President The First National Bank & Trust Company of Roscoe President, any Vice-President, Cashier, or Win. H. Peters. Cashier NEW YORK—Continued Officers Authorized to Cast Vote Place Roslyn Roxbury St. Regis Falls The Roslyn National Bank & Trust Company . The National Bank of Roxbury The St. Regis Falls National Bank . . . . The Salem National Bank Adirondack National Bank and Trust Company ofi Saranac Lake Saranac Lake The Saranac Lake National Bank . . . . Sayville The Oystermen's National Bank of Sayville. Schenevus i The Sehenevus National Bank Schuylerville The National Bank of Schuvlerville Sea Cliff The State Bank of Sea Cliff" Seaford The Seaford National Bank Sherburne The Sherburne National Bank Sherrill The First National Bank of Sherrill Sidney The First National Bank in Sidney . . . . Silver Creek The First National Bank of Silver Creek . Silver Creek The Silver Creek National Bank . Smith town Branch Bank of Smith town Southampton The Southampton Bank South Fallsburg The South Fallsburg National Bank . South Otselic | The Otselic Valley National Bank of South Otselic Sparkill | The First National Bank of Sparkill . . . . Stony Brook I Bank of Suffolk County Tarrytown The Washington Irving Trust Company Theresa The Farmers National Bank of Theresa Tully The First National Bank of Tully Tupper Lake The Tupper Lake National Bank Tuxedo The Tuxedo National Bank (P. O., Tuxedo Park, N. Y.) Unadilla The Unadilla National Bank Vernon The National Bank of Vernon Walden The First National Bank and Trust Company of Walder. Wallkill i The Wallkill National Bank Wappingers Falls j The National Bank of Wappingers Falls Warrensburg The Emerson National Bank of Warrensburgh . Warwick I The First National Bank of Warwick . . . . Waterloo j The First National Bank of Waterloo . . . . Waterville i The National Bank of Waterville Watervliet The National Bank of Wateryliet Watkins j Glen National Bank of Watkins Waverlv ! The Citizens National Bank of Waverly Wayland The First National Bank of Wayland . . . . Weedsport The First National Bank of Weedsport. Wells The Hamilton County National Bank of Wells . Westbury Bank of Westbury Trust Company Westbury The Wheatley Hills National Bank of Westbury. President, any Vice-President, or Cashier Arthur F. Bonton, President President, any Vice-President, Cashier, or Assistant Cashier Salem Saranac Lake West Hempstead Westport WestWinfield ! The West Hempstead National Bank . . . ' The Lake Champlain National Bank of Westport The West Winfield National Bank Whitehall Whitesboro Whitesville Whitney Point Williston Park Willsboro Windsor Winthrop Wolcott Woodridge Wyoming The ' The The | The The The The The The The The Merchants National Bank of Whitehall Whitestown National Bank of Whitesboro . First National Bank of Whitesville First National Bank of Whitney Point Williston National Bank of Williston Park . Essex County National Bank of Willsboro . Windsor National Bank First National Bank of Winthrop . . . First National Bank of Wolcott . . . First National Bank of Woodridge. National Bank of Wyoming • . . . President President, any Vice-President, or Cashier Samuel P. Greene, President President, any Vice-President, or Cashier President, any Vice-President. or Cashier Hamlin M. Hagerman, Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier Allen J. Diefendorf, President President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier Frank E. Cox, Cashier Albert M. Austin, President President, any Vice-President, or Cashier President, any Vice-President, or C. J. Kenyon, President President, any Vice-President, or Charles S. Patterson, President President, any Vice-President, or President, any Vice-President, or President Elmer Dell F. N. Boyd, President President, any Vice-President, or Jas. A. Emerson, Cashier President, any Vice-President, or President, any Vice-President, or Cashier Cashier Cashier Cashier Cashier Cashier Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier Chairman, President, any Vice-President, or Cashier Stephen A. Bedell, President President, any Vice-President, or Cashier President, any Vice-President, Cashier, or Assistant Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier William Denning, President President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier President, any Vice-President, or Cashier FEDERAL RESERVE BANK OF NEW YORK Nomination for Class "A" Director, 1933 DISTRICT NO. 2 GROUP NO. 3 At a meeting of the Board of Directors of the (Name of Bank) of duly called and held on the day (City or Town and State) of 1933, on motion duly made and seconded, it was "RESOLVED, That , of whose occupation is , be, and he is hereby, nominated by this bank as a candidate for director of Class A of the Federal Reserve Bank of New York, 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 duly adopted on the date specified. (SEAL OP BANK) (Official signature) To J. H. CASE, CHAIRMAN OP THE BOARD OF DIRECTORS, FEDERAL RESERVE BANK OP NEW YORK. FEDERAL RESERVE BANK OF NEW YORK Nomination for Class " B " Director, 1933 DISTRICT NO. 2 GROUP NO. 3 At a meeting of the Board of Directors of the (Name of Bank) of duly called and held on the day (City or Town and State) of -. 1933, on motion duly made and seconded, it was "RESOLVED, That , of whose occupation is , be, and he is hereby, nominated by this bank as a candidate for director of Class B of the Federal Keserve Bank of New York, 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 duly adopted on the date specified. (SEAL OP BANK) (Official signature) To J. H. CASE, CHAIRMAN OF THE BOARD OF DIRECTORS, FEDERAL RESERVE BANK OF NEW YORK. Designation by Holding Company Affiliate* of Member Bank to Participate in Nomination and Election of Directors of Federal Reserve Bank of New York "WHEREAS this organization is a holding company affiliate, as defined in Section 2 (c) of the Banking Act of 1933, with respect to only the following named member banks of the Federal Eeserve System located in the Second Federal Reserve District: and "WHEREAS this organization desires to designate one of said member banks to participate in the nomination and election of directors of Federal Reserve Bank of New York to be held as set forth in Circular No. 1289 of said Federal Reserve Bank dated October 5, 1933; "NOW, THEREFORE, BE IT RESOLVED "That (name of member bank) Of (address of member bank) be and it hereby is designated pursuant to Section 4 of the Federal Reserve Act, as amended by Section 3 (b) of the Banking Act of 1933, to participate in the nomination and election of directors of Federal Reserve Bank of New York to be held as set forth in Circular No. 1289 of said Federal Reserve Bank dated October 5, 1933." The undersigned hereby certifies that the foregoing is a true and correct copy of preambles and a resolution duly adopted at a meeting of the (board of directors or other governing body) Of (name and location of holding company affiliate) duly called and held on the day of , 1933, at which a quorum was present and voting, and that said preambles and resolution have not been revoked or modified and are now in full force and effect. IN WITNESS WHEREOF I have hereunto subscribed my name and affixed the seal of the said organization this day of , 1933. (Cashier or Secretary) To J . H . C A S E , CHAIRMAN OF TUE BOARD OF DIRECTORS, FEDERAL RESERVE B A N K OF N E W YORK. * Section 2 (c) of the Banking Act of 1933 defines the term "holding company affiliate" as follows: "The term 'holding company affiliate' shall include any corporation, business trust, association, or other similar organization— " (1) Which owns or controls, directly or indirectly, either a majority of the shares of capital stock of a member bank or more than 50 per centum of the number of shares voted for the election of directors of any one bank at the preceding election, or controls in any manner the election of a majority of the directors of any one bank; or " ( 2 ) for the benefit of whose shareholders or members all or substantially all the capital stock of a member bank is held by trustees." FEDERAL RESERVE BANK OF NEW YORK Designation of Officers Authorized to Cast Vote of Member Bank In Elections of Directors of Federal Reserve Bank of New York DISTRICT NO. 2 At a meeting of the Board of Directors of the (Name and Location of Bank) duly called and held on the duly made and seconded, it was -day of „ , 193 , on motion "RESOLVED, That the President, any Vice-President, or the Cashier of this bank, or (If designation of some officer not included in those mentioned is desired, insert his title only here) of this bank, be and any one of them is hereby authorized, empowered and directed to cast the vote of this bank for Class A and Class B directors of the Federal Reserve Bank of New York, in accordance with the provisions of Section 4 of the Federal Reserve Act, as amended. "RESOLVED FURTHER, That the authority hereby granted shall continue in force until revoked by the Board of Directors of this bank and that such authority heretofore conferred on any officer of this bank 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, duly adopted on the date specified. Dated the day of , 193 (Official signature) (SEAL OF BANK) (Title) To CHAIRMAN OF THE BOARD OF DIRECTORS, FEDERAL RESERVE BANK OF NEW YORK.
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