Full text of Federal Reserve Bank of New York Circulars : 2159. Change in Classification of Member Banks for Voting Purposes

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FEDERAL RESERVE BANK
OF NEW YORK

f Circular No. 2 1 5 9 1
L January 2, 1941 J

CHANGE IN CLASSIFICATION OF MEMBER BANKS
FOR VOTING PURPOSES

To Member Banks in the
Second Federal Reserve District:

The Board of Governors of the Federal Reserve System has changed
the classification of member banks in the Second Federal Reserve District
for the purpose of electing class A and B directors of the Federal Reserve
Bank of New York so that effective January 1,1941,
Group 1 will consist of banks with capital and surplus of $10,000,000
and over;
Group 2, of banks with capital and surplus of more than $300,000 and
less than $10,000,000; and
Group 3, of banks with capital and surplus of $300,000 and less.




BEAEDSLEY R U M L ,

Chairman of the Board.