The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK
OF NEW YORK
•
Circular No.
1880
September 29, 1938
Nomination and Election of Directors
To Member Banks in the Second Federal Reserve District:
An election will be held under the provisions of section 4 of the Federal.Reserve Act, as
amended, to choose successors to the following directors of this bank whose terms will expire
December 31, 1938: class A director, OTIS A. THOMPSON, President, The National Bank and
Trust Company of Norwich, Norwich, N. Y., and class B director, WALTER C. TEAGLE, Chairman, Board of Directors, Standard Oil Company (New Jersey), New York, N. Y.
Both directors were elected by member banks in Group 2 and their successors will be
chosen by this group. The member banks in Groups 1 and 3 do not elect directors this year
and 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 Eeserve Bank of New York is as follows:
Group 1 consists of banks with capital and surplus of over $1,999,000,
Group 2 consists of banks with capital and surplus of $301,000 to $1,999,000 (listed on pages 3-7), and
Group 3 consists of banks with capital and surplus of less than $301,000.
Except in the case of two or more banks affiliated with the same holding company affiliate*,
each bank in Group 2 is permitted to nominate a candidate for class A director and a candidate
*Section 4 of the Federal Reserve Act, as amended, reads in part as follows:
" . . . That whenever any two or more member banks within the same Federal reserve district are affiliated with
the same 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.*'
Accordingly, banks in Group 2 affected by the foregoing provision of the law are requested to take prompt
action to have the appropriate holding company affiliate designate, if it has not already designated, one of its affiliated banks to participate in this nomination and election.
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 28,1938. 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.
On October 31, 1938, 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 2 on November 1, 1938. The law provides that the ballot shall
be cast within 15 days after receipt of this list. The polls will open on November 1, 1938, and
will close at 12 o'clock noon on Wednesday, November 16, 1938. 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 Wednesday, November 16, 1938). The list on
the following pages shows the officers heretofore designated for this purpose by the respective
banks in Group 2.
The banks in Groups 1 and 3 will not participate in this election, and this circular is sent
to them without forms for their information only.
OWEN D. YOUNG,
Chairman of the Board.
**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."
"No Senator or ^Representative in Congress shall be a member of the Board of Governors of the Federal Keserve
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." On December 28, 1915, the Board of Governors of the Federal
Reserve System resolved that "national bank examiners shall not hereafter be elected * * * to directorships in
Federal Reserve Banks." Under date of July 2, 1925, the Board of Governors of the Federal Reserve System
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."
1938 Election of Directors
List of 233 Member Banks in Group 2
Revised to September 27, 1938
Group 2 consists of member banks with capital and surplus of $301,000 to $1,999,000
CONNECTICUT
Name of Bank or Trust Company
Place
Danbury
Danbury
Greenwich
Norwalk
South Norwalk
Officers Authorized to Cast Vote
City National Bank & Trust Company of Danbury . President, or Cashier
The Danbury National Bank
President, any Vice President,
First National Bank in Greenwich
President, any Vice President,
The National Bank of Norwalk
President, any Vice President,
The City National Bank of South Norwalk
. . . . President, any Vice President,
or Cashier
or Cashier
or Cashier
or Cashier
NEW JEBSEY
President, any Vice President, Cashier, or
any Assistant Cashier
President, any Vice President, or Treasurer
President, any Vice President, or Cashier
President, any Vice President, or Treasurer
President, any Vice President, or Cashier
Asbury Park
Asbury Park National Bank and Trust Company •
Bayomie
Belleville
Bloom field
Bound Brook
Caldwell
Bayonne Trust Company
The First National Bank of Belleville
Bloomfield Bank and Trust Company
The First National Bank of Bound Brook .
The Citizens National Bank and Trust Company of
President, any Vice President, or Cashier
Caldwell
President, any Vice President, or Cashier
The First National Bank of Clifton
President, any Vice President, or Cashier
Closter National Bank and Trust Company .
President, any Vice President, Treasurer, or
The Dover Trust Company
the Assistant Treasurer
The National Union Bank of Dover
President, any Vice President, or Cashier
Savings Investment & Trust Company
President, any Vice President, or Cashier
Central Home Trust Company
President, any Vice President, or Treasurer
The Elizabethport Banking Company
President, any Vice President, or Cashier
The National State Bank of Elizabeth
President, any Vice President, or Cashier
The Citizens National Bank and Trust Company of
President, any Vice President, or Cashier
Englewood
The Hunterdon County National Bank of Flemington . President, any Vice President, or Cashier
President, any Vice President, or Cashier
The First National Bank of Freehold
The Bergen County National Bank of Hackensack .
The City National Bank and Trust Company of Hackensack President, any Vice President, or Cashier
The Hackensack Trust Company
. . . . . . President, any Vice President, or Secretary
President, any Vice President, Cashier, SecPeoples Trust Company of Bergen County .
retary, or Treasurer
The Harrison National Bank
President, any Vice President, or Cashier
President
The Irvington National Bank
President, any Vice President, or Cashier
The Franklin National Bank of Jersey City .
The First National Bank and Trust Company of Kearny President, any Vice President, or Cashier
President, any Vice President, or Cashier
Kearny National Bank
President, any Vice President, or Secretary
Linden Trust Company
and Treasurer
President, any Vice President, or Cashier
The First National Bank of Millburn
President, any Vice President, or Cashier
Bank of Montclair
The First National Bank and Trust Company of Mont- President, any Vice President, any Assistant
clair (P. O., Upper Montclair, N. J.)
. . . .
Vice President, or Cashier
Montclair Trust Company
President, or any Vice President
The First National Bank of Morristown
. . . . President, any Vice President, or Cashier
The Morristown Trust Company
President, or any Vice President
The National Iron Bank of Morristown .
President, any Vice President, or Cashier
Clinton Trust Company
President, any Vice President, or Treasurer
Columbus Trust Company
President, or Treasurer
Franklin Washington Trust Company
President, or any Vice President
Clifton
Closter
Dover
Dover
East Orange
Elizabeth
Elizabeth
Elizabeth
Englewood
Flemington
Freehold
Hackensack
Hackensack
Hackensack
Hackensack
Harrison
Irvington
Jersey City
Kearny
Kearny
Linden
Millburn
Montclair
Montclair
Montclair
Morristown
Morristown
Morristown
Newark
Newark
Newark
NEW JERSEY (Continued)
Place
Name of Bank or Trust Company
Officers Authorized to Cast Vote
Lincoln National Bank of Newark
Union National Bank in Newark
President, any Vice President, or Cashier
President, any Vice President, Cashier, or
Assistant Cashier
Newark
United States Trust Company of Newark .
President, any Vice President, or SecretaryTreasurer
Newark
West Side Trust Company
President, any Vice President, or Secretary
New Brunswick The National Bank of New Jersey
President, any Vice President, or Cashier
New Brunswick The Peoples National Bank of New Brunswick
President, any Vice President, or Cashier
Newton
The Sussex and Merchants National Bank of Newton
President, any Vice President, or Cashier
Orange
The Orange First National Bank
President, any Vice President, or Cashier
Orange
The Second National Bank of Orange
President, any Vice President, or Cashier
Bank of Passaic and Trust Company
Passaie
President, any Vice President, or Treasurer
Passaie
Peoples Bank and Trust Company
Chairman of the Board, President, or any
Vice President
Paterson
The First National Bank of Paterson
President, any Vice President, or Cashier
Paterson
The Hamilton Trust Company of Paterson, New Jersey . President, any Vice President, or Secretary
Paterson
National Union Bank of America in Paterson
President, any Vice President, or Cashier
Paterson
The Paterson National Bank
President, any Vice President, or Cashier
Perth Amboy First Bank and Trust Company
President, any Vice President, Treasurer, or
Assistant Treasurer
The Perth Amboy National Bank
Perth Amboy
President, any Vice President, or Cashier
The Phillipsburg National Bank and Trust Company
Phillipsburg
President, any Vice President, or Cashier
The Second National Bank of Phillipsburg
Phillipsburg
President, any Vice President, or Cashier
The First National Bank of Plainfield
.
Plainfield
President, any Vice President, or Cashier
Plainfield
The Plainfield Trust Company
President, or any Vice President
Pompton Lakes The First National Bank and Trust Company of
President, any Vice President, or Cashier
Pompton Lakes
Prospect Park The Prospect Park National Bank (P. O., Paterson, N.J.) President, any Vice President, or Cashier
Ramsey
The First National Bank and Trust Company of Ramsey President, any Vice President, or Cashier
Red Bank
The Second National Bank and Trust Company of Red
President, any Vice President, or Cashier
Bank
Ridgewood
Citizens First National Bank and Trust Company of President, any Vice President, or Cashier
Ridgewood
Roselle
President, any Vice President, or Cashier
The
First National Bank of Roselle
Rutherford
President, any Vice President, Cashier, or
The Rutherford National Bank
any Assistant Cashier
Rutherford
Rutherford Trust Company
President, or any Vice President
South Amboy
The First National Bank of South Amboy .
President, any Vice President, or Cashier
South River
The First National Bank of South River .
Chairman of the Board, President, any Vice
President, or Cashier
Summit
The First National Bank and Trust Company of Summit President, any Vice President, or Cashier
Summit
The Summit Trust Company
President, any Vice President, or Treasurer
Union City
The First National Bank of Union City .
President, any Vice President, or Cashier
Westfield
Peoples Bank & Trust Company, Westfield, New Jersey . President, any Vice President, or Treasurer
Westfield
The Westfield Trust Company
President
West Orange
The First National Bank of West Orange
. . . . President, any Vice President, or Cashier
Newark
Newark
NEW YORK
Amsterdam
Amsterdam
Amsterdam
Amsterdam
Auburn
Baldwin
Ballston Spa
Binghamton
The Amsterdam City National Bank
The Farmers National Bank of Amsterdam
The First National Bank of Amsterdam
Montgomery County Trust Company
The National Bank of Auburn
The Baldwin National Bank and Trust Company
The Ballston Spa National Bank .
The City National Bank of Binghamton
Binghamton
Binghamton
The First National Bank of Binghamton
Marine Midland Trust Company of Binghamton
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, Vice President, or Cashier
Chairman of the Board, President, any Vice
President, or Cashier
President, any Vice President, or Cashier
President, any Vice President, or Treasurer
NEW YORK (Continued)
Place
Bronxville
Buffalo
Canajoharie
Canandaigua
Canandaigua
Carthage
Cazenovia
Cobleskill
Cohoes
Cooperstown
Cooperstown
Corning
Cortland
Dunkirk
Dunkirk
Dunkirk
Elmira
Floral Park
Fort Plain
Freeport
Fulton
Garden City
Geiieseo
Geneva
Geneva
Glens Falls
Glens Falls
Gloversville
Gloversville
Gloversvillo
Goshen
Ileinpstead
Herkimer
Hicksville
Iloosick Falls
Hudson
Hudson
I lion
Ithaca
Ithaca
Jamestown
Jamestown
Jamestown
Johnson City
Kenmore
Kingston
Kingston
Kingston
Kingston
Liberty
Little Falls
Little Falls
Name of Bank or Trust Company
Officers Authorized to Cast Vote
The Gramatan National Bank and Trust Company of
President, Cashier, or any Assistant Cashier
Bronxville
President, any Vice President, or Cashier
The Niagara National Bank of Buffalo
.
President, any Vice President, or Cashier
The Canajoharie National Bank
President, any Vice President, or Cashier
The Canandaigua National Bank and Trust Company
President, any Vice President, or Cashier
Ontario County Trust Company
Chairman of the Board, President, any Vice
Carthage National Exchange Bank
President, or Cashier
The Cazenovia National Bank
President, any Vice President, or Cashier
The First National Bank of Cobleskill
. . . .
President, any Vice President, or Cashier
The National Bank of Cohoes
President, any Vice President, or Cashier
The First National Bank of Cooperstown
President, any Vice President, or Cashier
The Second National Bank of Cooperstown .
President, any Vice President, or Cashier
First National Bank and Trust Company of Corning
President, any Vice President, or Cashier
First National Bank of Cortland
Chairman of the Board, President, any Vice
President, or Cashier
Dunkirk Trust Company
President, or any Vice President
The Lake Shore National Bank of Dunkirk .
President, any Vice President, or Cashier
The Merchants National Bank of Dunkirk .
President, any Vice President, or Cashier
First National Bank & Trust Company of Elmira
Chairman of the Board, President, any Vice
President, or Cashier
The First National Bank and Trust Company of Floral
President,
any Vice President, or Cashier
Park
President, any Vice President, or Cashier
The Fort Plain National Bank
The First National Bank and Trust Company of Freeport President, any Vice President, or Cashier
President, any Vice President, or Cashier
Citizens National Bank and Trust Company of Fulton
President, any Vice President, or Secretary
Garden City Bank and Trust Company
Genesee Valley National Bank and Trust Company of President, any Vice President, Cashier, or
Executive Officer
Geneseo
President, any Vice President, or Secretary
Geneva Trust Company
President, any Vice President, or Cashier
The National Bank of Geneva
President, any Vice President, or Cashier
The First National Bank of Glens Falls .
Glens Falls National Bank and Trust Company .
City National Bank and Trust Company of Gloversville President, any Vice President, or Cashier
The Fulton County National Bank and Trust Company
Cashier
of Gloversville
President, any Vice President, or Treasurer
Trust Company of Fulton County
President, any Vice President, or Cashier
The National Bank of Orange County of Goshen
The Second National Bank and Trust Company of
President, any Vice President, or Cashier
Hempstead
President, any Vice President, or Cashier
The First National Bank of Herkimer
President, any Vice President, or Cashier
Bank of Hicksville
President, any Vice President, or Cashier
The Peoples-First National Bank of Hoosick Falls
President, any Vice President, or Cashier
The Farmers National Bank of Hudson .
President, any Vice President, Cashier, or
The First National Bank and Trust Company of Hudson
Assistant Cashier
Ilion National Bank and Trust Company
. . . . President, any Vice President, or Cashier
The First National Bank of Ithaca
President, any Vice President, or Cashier
Tompkins County Trust Company
President, any Vice President, or Cashier
Bank of Jamestown
President, any Vice President, or Cashier
The First National Bank of Jamestown .
President, any Vice President, or Cashier
The National Chautauqua County Bank of Jamestown
President, any Vice President, or Cashier
Workers Trust Company
President, any Vice President, Cashier, or
Secretary
The First National Bank of Kenmore (P. O., Hertel
Station, Buffalo, N. Y.)
President, any Vice President, or Cashier
First National Bank of Rondout
President, any Vice President, or Cashier
Kingston Trust Company
President, any Vice President, or Treasurer
The National Ulster County Bank of Kingston
F. J. R. Clarke, President
The State of New York National Bank
President, any Vice President, or Cashier
The Sullivan County National Bank of Liberty
President, any Vice President, or Cashier
The Herkimer County Trust Company .
President, any Vice President, or Secretary
The Little Falls National Bank
President, any Vice President, or Cashier
NEW YORK {Continued)
Place
Name of Bank or Trust Company
Lockport
Lynbrook
Malone
Niagara County National Bank and Trust Company
The Lynbrook National Bank & Trust Company
The People's Trust Company of Malone
Middletown
Middletown
Mineola
Mineola
The National Bank of Middletown
Orange County Trust Company
The First National Bank of Mineola
Nassau County Trust Company
. . . .
Monticello
Mount Kisco
Mount Vernon
Mount Vernon
Newburgh
The National Union Bank of Monticello
The Mount Kisco National Bank and Trust Company
The First National Bank of Mount Vernon
Fleetwood Bank
Highland-Quassaick National Bank and Trust Company
of Newburgh
Newburgh
The National Bank of Newburgh . .
. .
New Eochelle
First National Bank of New Rochelle
. . . .
Norwich
The Chenango County National Bank and Trust Com
pany of Norwich
Norwich
The National Bank and Trust Company of Norwich
Nyack
The Nyack National Bank and Trust Company
Ogdensburg
Ogdensburg Trust Company
Olean
The Exchange National Bank of Olean
Olean
The First National Bank of Olean
. . . .
Oneida
The Oneida Valley National Bank of Oneida
Oneonta
The Wilber National Bank of Oneonta
. . . .
Ossining
The First National Bank and Trust Company of Ossining
Ossining
3ssining Trust Company
Oswego
First and Second National Bank and Trust Company of
Oswego
Peekskill
The Westchester County National Bank of Peekskill
Plattsburg
Plattsburg National Bank & Trust Company
Pleasantville
The First National Bank of Pleasantville
Pleasantville
Mount Pleasant Bank & Trust Company
Port Chester
The First National Bank and Trust Company of Port
Chester
Port Jervis
The First National Bank of Port Jervis
PortWashington "he Port Washington National Bank and Trust Company
Poughkeepsie
The Fallkill National Bank and Trust Company of
Poughkeepsie
Poughkeepsie
he Farmers and Manufacturers National Bank of
Poughkeepsie
Poughkeepsie
he First National Bank of Poughkeepsie
Poughkeepsie
Merchants National Bank & Trust Company of
Poughkeepsie
Eiverhead
'he Suffolk County National Bank of Riverhead
Rochester
Rockville Centre entral Trust Company Rochester, N. T
he Nassau County National Bank of Rockville Centre
Rorne
he Farmers National Bank and Trust Company of Rome
Rorne
ome Trust Company
Rye
he Rye National Bank
Salamanca
alamanca Trust Company
SaratogaSprings
SaratogaSprings
Scarsdale
Schenectady
Schenectady
Schenectady
Southampton
he Adirondack Trust Company
aratoga National Bank of Saratoga Springs
carsdale National Bank and Trust Company
he Mohawk National Bank of Schenectady
he Schenectady Trust Company
he Union National Bank of Schenectady .
he First National Bank of Southampton
Officers Authorized to Cast Vote
President, any Vice President, or Cashier
President, any Vice President, or Cashier
President, any Vice President, Secretary, or
Treasurer
President, any Vice President, or Secretary
President, any Vice President, or Cashier
President, any Vice President, Secretary, or
any Assistant Secretary
President, 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
Chairman of the Board of Directors, 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 Treasurer
President,
President,
President,
President,
President,
any
any
any
any
any
Vice
Vice
Vice
Vice
Vice
President,
President,
President,
President,
President,
or
or
or
or
or
Cashier
Cashier
Cashier
Cashier
Cashier
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
^resident
^resident, any Vice President, or Secretary
President, any Vice President, or Cashier
'resident, any Vice President, or Cashier
'resident, any Vice President, Cashier, or
Secretary
'resident, any Vice President, or Cashier
'resident, any Vice President, Cashier, or
Secretary-Treasurer
resident, any Vice President, or Treasurer
resident, any Vice President, or Cashier
resident
resident, any Vice President, or Cashier
resident, any Vice President, or Treasurer
resident, any Vice President, or Cashier
resident, any Vice President, or Cashier
NEW YORK (Continued)
Place
Spring Valley
Suffern
Syracuse
Syracuse
Name of Bank or Trust Company
Officers Authorized to Cast Vote
Troy
Troy
Tuckahoe
Utica
Valley Stream
Warsaw
Watertown
Watertown
The First National Bank of Spring Valley
. . . .
The Suffern National Bank and Trust Company
Lincoln National Bank and Trust Company of Syracuse
The Merchants National Bank & Trust Company of
Syracuse
The National City Bank of Troy
The Union National Bank of Troy
The First National Bank & Trust Company of Tuckahoe
The Oneida National Bank and Trust Company of Utica
Valley Stream National Bank and Trust Company
Wyoming County Bank and Trust Company
The Jefferson County National Bank of Watertown
The Northern New York Trust Company .
Watertown
White Plains
White Plains
White Plains
The
The
The
The
Yonkers
Yonkers
Yonkers
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
President, any Vice President, or Cashier
President, any Vice President, or Cashier
President, any Vice President, or Secretary
President, any Vice President, or Cashier
President, any Vice President, or Secretary and
Treasurer
President, any Vice President, or Cashier
President, any Vice President, or Cashier
President, or any Vice President
Watertown National Bank
Citizens Bank of White Plains, N. Y
County Trust Company
Peoples National Bank and Trust Company of White
President, any Vice President, or Cashier
Plains
Chairman of the Board of Directors, President,
Central National Bank of Yonkers
any Vice President, or Cashier
First National Bank in Yonkers
President, any Vice President, or Cashier
The Yonkers National Bank and Trust Company
President, any Vice President, or Cashier
NEW YORK CITY
Name of Bank or Trust Company
Officers Authorized to Cast Vote
Bronx
Brooklyn
The National Bronx Bank of New York . . .
The Bensonhurst National Bank of Brooklyn in New York
The Kingsboro National Bank of Brooklyn in New York
Lafayette National Bank of Brooklyn in New York
The Peoples National Bank of Brooklyn in New York
Manhattan
The Amalgamated Bank of New York
Bank of Yorktown
Clinton Trust Company
Colonial Trust Company
Federation Bank and Trust Company
The Merchants Bank of New York
President, any Vice President, or Cashier
President, any Vice President, or Cashier
President, any Vice President, or Cashier
President or Cashier
Any Director, 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, or any Vice President
President, or any Vice President
President, any Vice President, Cashier, or
Assistant Cashier
Place
.
The National Safety Bank and Trust Company of
President, any Vice President, or Cashier
New York
President, or any Vice President
Pan American Trust Company
President, any Vice President, or Cashier
The Pennsylvania Exchange Bank
President, any Vice President, or Cashier
Trade Bank of New York
Queens
Bayside
Far Eockaway
Flushing
Forest Hills
Jamaica
Woodside
Richmond
Port Eichmond
Tottenville
The Bayside National Bank of New York
. . . . President, any Vice President,
President
The National Bank of Far Eockaway
President, any Vice President,
Flushing National Bank in New York
President, any Vice President,
United National Bank of Long Island in New York
Vice President and Cashier
The Jamaica National Bank of New York .
President, any Vice President,
The Woodside National Bank of New York
Staten Island National Bank & Trust Company of
New York
The Tottenville National Bank
or Cashier
or Cashier
or Cashier
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, 1938
DISTRICT NO. 2
GROUP NO. 2
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 Sta.te)
of
...1938, on motion duly made and seconded, it was
1
' 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 OF BANK)
(Official signature)
To MR. OWEN D. YOUNG,
CHAIRMAN OF THE BOARD OF DIRECTORS,
FEDERAL RESERVE BANK OF NEW YORK.
FEDERAL RESERVE BANK
OF NEW YORK
Nomination for Class B Director, 1938
DISTRICT NO. 2
GROUP NO. 2
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
1938, 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 Eeserve 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 OF BANK)
(Official signature)
To MR. OWEN D. YOUNG,
CHAIRMAN OF THE BOARD OF DIRECTORS,
FEDERAL RESERVE BANK OF NEW YORK.
FEDERAL RESERVE BANK
OF NEW YORK
September 29, 1938.
To the Member Bank in Group 2 Addressed:
Reference is made to circular No. 1880, dated September 29, 1938,
a copy of which is enclosed, regarding nomination and election of directors
of the Federal Reserve Bank of New York.
Each member bank has heretofore been 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. Hhis uniform plan of designation 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.
As our records do not indicate that your bank has adopted a resolution
designating officers by title only, I am enclosing two copies of a form of such
resolution, with the request that this form of resolution be adopted by the
board of directors and that a certified copy be sent to me.
Owen D. Young,
Giairman of t h e Board.
Encs.
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 OP BANK)
(Title)
To CHAIRMAN OF THE BOARD OF DIRECTORS,
FEDERAL RESERVE BANK OF NEW YORK.
MR. OWEN D. YOUNG,
Chairman, Board of Directors,
Federal Reserve Bank of New York,
New York, N. Y.
@FedFRASER