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FEDERAL OF RESERVE NEW BANK YORK /"Circular N o. 47061 I October 20. 1959 J Nomination and Election of Directors T o M em ber Banks in the Second F ederal R eserve D istrict : An election will be held under the provisions of section 4 o f the Federal Reserve Act, as amended, to choose successors to the following directors of this Bank whose terms will expire December 31, 1959: class A director, Charles W . B itzer, Chairman, City Trust Company, Bridgeport, Connecticut, and class B director, L a n s i n g P. Shield, President, The Grand Union Company, East Paterson, N. J. B oth d irectors w ere elected by m em ber banks in G roup 2 and their successors will be chosen by this group. T he m em ber banks in G roups 1 and 3 will not participate in this election. The classification o f member banks fo r the purpose o f nom ination and election o f class A and B directors o f the F ederal R eserve Bank o f New Y ork is as fo llo w s : Group 1 consists o f banks with capital and surplus o f $20,000,000 and m ore; Group 2, o f banks with capital and surplus o f $800,000 and more, but less than $20,000,000; and Group 3, o f banks with capital and surplus o f less than $800,000. F o r the purposes o f this election, a member bank’s classification w ill be determ ined b y its capital and surplus as o f the date o f this circular, even though its capital and surplus may change b efore the polls close. The banks com prising G roup 2 are listed on the follow ing pages. E xcept in the case o f two o r m ore banks affiliated with the same holding com pany affiliate,* each bank in G roup 2 is perm itted to nominate a candidate fo r class A director and a candidate ♦Section 4- of the Federal Reserve A ct, as amended, reads in part as follow s: “ . . . That whenever any two or more member banks within the same Federal reserve district are affiliated with the same holding com pany affiliate, participation by such member banks in any such nomination or election shall be confined to one o f such banks, which may be designated fo r the purpose by such holding com pany 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 o f its affiliated banks to participate in this nomination and election. fo r class B director.** The nom inations should be made b y resolutions o f the boards o f directors o f the nom inating banks and certified copies o f such resolutions should be sent to me so as to reach me on or b efore N ovem ber 23, 1959. The enclosed printed form s show the appropriate form s o f resolution, and one execu ted cop y o f each form should be returned to me. On N ovem ber 27,1959, copies o f the list o f candidates (indicating by whom nom inated) and preferential ballots will be mailed so that, in the normal course o f the m ails, they w ill be received b y all banks in Group 2 on N ovem ber 30, 1959. The law provides that the ballot shall be cast within 15 days after receipt o f this list. The polls w ill open at 9 a.m., N ovem ber 30, 1959, and w ill close at 12 o ’clock noon on Tuesday, Decem ber 15, 1959. U pon the closing o f the polls the ballot box w ill be opened in the board room o f this Bank, the votes counted and checked by tellers, and results o f the election announced. The candidates w ill be invited to be present or represented on that occasion. In order to be counted as valid, the ballot must be executed b y an officer authorized to cast the v ote and must be received b y me at or before the time thus fixed fo r the closing of the polls (i.e., at or before 12 o ’clock noon on Tuesday, Decem ber 15, 1959). The officers hereto fore designated fo r this purpose by the respective banks in Group 2 are shown in the list on the follow in g pages. E ach G roup 2 bank that has not designated an officer o r officers f o r the purpose o f executing the ballot, or any G roup 2 bank that desires to change its authorization, should do so by resolution o f its board o f d ire cto rs; a certified cop y o f such resolution must reach me before the polls close. A form fo r this purpose will be furnished upon request. B ecause banks in G roups 1 and 3 will not participate in this election, this circular is sent to them without form s and f o r their inform ation only. J o h n E. B ie r w ir t h , Chairman o f the Board. **Section 4 of the Federal Reserve Act, as amended, reads in part as follows: ‘ ‘ Class A shall consist o f three members, who shall be chosen by and be representative o f the stock holding b a n k s.. . . No officer or director o f a member bank shall be eligible to serve as a class A director unless nominated and elected b y banks which are members o f the same group as the member bank o f which he is an officer or director. “ A n y person who is an officer or director o f more than one member bank shall not be eligible for nomination as a class A director except b y banks in the same group as the bank having the largest aggregate resources o f any o f those o f which such person is an officer or director. ’ ’ “ Class B shall consist o f three members, who at the time o f their election shall be actively engaged in their district in commerce, agriculture or some other industrial pursuit. . . . N o director o f class B shall be an officer, director, or employee o f any bank. ’ ’ [On July 2, 1925, the Board of Governors o f the Federal Reserve System advised that it had “ reached the conclusion that a person whose sole occupation is that o f officer of an insurance company is not eligible for election as a class B director of a Federal Reserve Bank,” and on October 18, 1939, the Board advised “ that a person whose sole occupation is that of president of a Federal savings and loan association and who has been serving as a class A director is not now eligible for election and service as a class B director.” ] “ No Senator or Representative in Congress shall be a member o f the B oard o f Governors o f the Federal Reserve System or an officer or a director o f 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. ’ ’ ] 2 1 9 5 9 Election o f Directors List of 190 Member Banks in Group 2 (Group 2 consists of member banks with capital and surplus of $800,000 and more, but less than $20,000,000, on October 20, 1959) CONNECTICUT Name of Bank or Trust Company Place Bridgeport Bridgeport Bridgeport Bridgeport Stamford The Black Rock Bank and Trust C o m p a n y ....................... City Trust C o m p a n y .......................................................... The Connecticut National B a n k ........................................ The West Side B a n k .......................................................... The National Bank and Trust Company of Fairfield County Officers Authorized to Cast Vote President, or Treasurer President, or any Vice President President, any Vice President, or Cashier President, any Vice President, or Cashier President, any Vice President, or Cashier NEW JERSEY Allenhurst Asbury Park Asbury Park Belleville Bergenfield Bernardsville Bound Brook Bound Brook Cliffside Park Clifton Dover Dover Elizabeth Elizabeth Elizabeth Elizabeth Englewood Fair Lawn Flemington Freehold Hackensack Hackensack Hackensack Hackensack Highland Park Hillsdale Hillside Jersey City Jersey City Jersey City Jersey City Kearny Manville Allenhurst National Bank and Trust Company . . . . President, any Vice President, or Cashier Asbury Park and Ocean Grove B a n k ................................... President, any Vice President, or Cashier Asbury Park National Bank and Trust Company President, any Vice President, Cashier, or any Assistant Cashier Peoples National Bank & Trust Company of Belleville President, any Vice President, or Cashier President, any Vice President, or Cashier The Bergenfield National Bank and Trust Company Somerset Hills National Bank of Bernardsville President, any Vice President, or Cashier Bound Brook Trust C om pany.............................................. President, any Vice President, or Treasurer The First National Bank of Somerset County, Bound Brook, N. J.......................................................................... President, any Vice President, or Cashier President, any Vice President, or Cashier The United National Bank of Cliffside Park . . . . New Jersey Bank and Trust C o m p a n y ............................. The Dover Trust C o m p a n y .............................................. President, any Vice President, Treasurer, or Assistant Treasurer The National Union Bank of D o v e r ................................... President, any Vice President, or Cashier President, any Vice President, or Treasurer Central Home Trust Company of Elizabeth, N. J. The Elizabethport Banking C o m p a n y ............................. President, any Vice President, or Cashier The National State Bank, Elizabeth, N. J ............................. President, any Vice President, or Cashier Union County Trust C o m p a n y ......................................... President, any Vice President, or Treasurer Citizens National Bank of E n g le w o o d ............................. President, any Vice President, or Cashier Fair Lawn-Radburn Trust Com pany................................... President, any Vice President, or Treasurer The Hunterdon County National Bank of Flemington . President, any Vice President, or Cashier The First National Bank of F r e e h o ld ............................. President, any Vice President, or Cashier 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 C om pany......................................... President, any Vice President, or Secretary Peoples Trust Company of Bergen C o u n t y ....................... President, any Vice President, Cashier, Secretary, or Treasurer President, any Vice President, or Cashier The First National Bank o f Highland Park . . . . The Hillsdale National B a n k .............................................. President, any Vice President, or Cashier The Hillside National B a n k .............................................. President, any Vice President, or Cashier Commercial Trust Company of New J e rs e y ....................... President, any Vice President, or Treasurer The First National Bank of Jersey C i t y ....................... President, any Vice President, or Cashier Hudson County National B a n k ......................................... President, any Vice President, or Cashier The Trust Company of New J e r s e y ................................... President, any Vice President, or Treasurer The First National Bank and Trust Company of Kearny President, any Vice President, or Cashier Linden Trust C o m p a n y .................................................... President, any Vice President, or Secretary and Treasurer The Manville National B a n k .............................................. 3 GROUP 2 NEW JERSEY ( Continued ) Place Maplewood Montclair Morristown Morristown Newark New Brunswick New Brunswick Newton North Bergen Nutley Passaic Paterson Paterson Perth Amboy Perth Amboy Phillipshurg Plainfield Prospect Park Rahway Red Bank Red Bank Ridgewood Ridgewood Rutherford South River Summit Teaneck Tenafly Union Washington Woodbridge Name of Bank or Trust Company Officers Authorized to Cast Vote The Maplewood Bank and Trust C o m p a n y ....................... President, any Vice President, Cashier, Treasurer, or Secretary Montclair National Bank and Trust Company . . . . President, any Vice President, any Assistant Vice President, or Cashier The First National Iron Bank of Morristown . . . . President, any Vice President, or Cashier Trust Co. of Morris C ou n ty .............................................. President, or any Vice President Bank of Commerce................................................................ President, any Vice President, or Secretary The National Bank of New J e r s e y ................................... President, any Vice President, or Cashier The Peoples National Bank of New Brunswick . . . . President, any Vice President, or Cashier The Sussex and Merchants National Bank of Newton President, any Vice President, or Cashier The First National Bank of North B e r g e n ....................... President, any Vice President, or Cashier Bank o f N u t l e y ................................................................ President, any Vice President, or Cashier Bank of Passaic and C l i f t o n .............................................. President, any Vice President, or Treasurer Broadway Bank & Trust C o m p a n y ................................... President, any Vice President, or Treasurer First National Bank of Passaic C ou n ty ............................. Chairman of the Board, President, any Vice President, or Cashier First Bank and Trust C o m p a n y ......................................... President, any Vice President, Treasurer, or Assistant Treasurer The Perth Amboy National B a n k ................................... President, any Vice President, or Cashier The Phillipsburg National Bank and Trust Company President, any Vice President, or Cashier Plainfield Trust State National B a n k ............................. President, any Vice President, or Cashier The Prospect Park National B a n k ................................... President, any Vice President, or Cashier The Rahway National B a n k .............................................. President, any Vice President, or Cashier The Merchants Trust Company of Red Bank, N. J. . President, any Vice President, or Treasurer The Monmouth County National Bank, Red Bank President, any Vice President, or Cashier Citizens First National Bank and Trust Companv of R i d g e w o o d ...................................................................... President, any Vice President, or Cashier The North Jersey Trust Company, Ridgewood . . . . President, any Vice President, or Secretary National Community Bank of R u t h e r fo r d ....................... Chairman of the Board, Chairman of the Executive Committee, President, any Vice President, or Cashier The First National Bank of South R i v e r ....................... President, or Cashier The Summit Trust C om pany.............................................. President, any Vice President, or Treasurer The Garden State National Bank of Teaneck . . . . President, any Vice President, or Cashier County Trust C o m p a n y .................................................... The Union Center National B a n k ................................... President, any Vice President, or Cashier The First National Bank of Washington, N. J..................... Cashier Woodbridge National B a n k .............................................. President, any Vice President, or Cashier NEW YORK Albany Albany Albany Amsterdam Amsterdam Auburn Auburn Bay Shore Binghamton Buffalo Canajoharie Canandaigua Cedarhurst First Trust Company of A lb a n y ......................................... Mechanics and Farmers’ Bank of A l b a n y ....................... The National Commercial Bank and Trust Company of Albany ................................................................ The First National Bank of A m ste rd a m ....................... Montgomery County Trust C o m p a n y ............................. Auburn Trust C o m p a n y .................................................... The National Bank of A u b u r n ......................................... The First National Bank and Trust Companv of Bay S h o r e ................................................................................. President, or any 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 Treasurer President President, any Vice President, or Cashier Chairman of the Board, President, any Vice President, or Cashier First-City National Bank of Binghamton, N. Y. President, any Vice President, or Cashier Liberty Bank of B u f f a l o .................................................... President, any Vice President, or Cashier Central National Bank, C a n a joh a rie............................. President, any Vice President, or Cashier The Canandaigua National Bank and Trust Company . President, any Vice President, or Cashier The Peninsula National Bank of Cedarhurst Chairman of the Board, President, any Vice President, or Cashier 4 GROUP 2 NEW YORK ( Continued ) Place Cohoes Corning Cortland Dunkirk East Aurora Elmira Elmira Endicott Farmingdale Garden City Glen Cove Glen Head Glens Falls Glens Falls Gloversville Gloversville Gloversville Great Neek Hamburg Hempstead Hempstead Hicksville Highland Falls Huntington Huntington Ithaca Ithaca Jamestown Jamestown Jamestown Kcnmore Kingston Kingston Liberty Liberty Little Falls Long Beach Mattituck Middletown Middletown Mount Kisco Mount Vernon Newburgh Newburgh New Rochelle New York City Norwich Nyack Ogdensburg Olean Olean Name of Bank or Trust Company Officers Authorized to Cast Vote The National Bank o f C o h o e s ......................................... President, any Vice President, or Cashier First National Bank and Trust Company of Corning . President, any Vice President, or Cashier First National Bank o f C o r t la n d ................................... Chairman of the Board, President, any Vice President, or Cashier Dunkirk Trust C o m p a n y .................................................... President, or any Vice President Erie County Trust C o m p a n v .............................................. President, or Secretary Chemung Canal Trust C o m p a n y ........................................ President, any Vice President, Cashier, Secretary, or Treasurer Marine Midland Trust Company of Southern New York Chairman of the Board, Chairman of the Executive Committee, President, any Vice President, or Cashier Endicott Trust C om p a n y.................................................... President, any Vice President, or Treasurer The First National Bank of F a rm in g d a le ....................... President, any Vice President, or Cashier Long Island Trust C om p a n y .............................................. President, or any Vice President Nassau Trust C o m p a n y .................................................... President, any Vice President, or Cashier The First National Bank of Glen H e a d ............................. President, any Vice President, or Cashier The First National Bank of Glens F a lls ............................. President, any Vice President, or Cashier 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 of G lo v e rsv ille ..................................................................... Cashier Trust Comoany of Fulton C o u n t y ................................... President, any Vice President, or Treasurer Central Bank and Trust C o m p a n y ................................... President, any Vice President, or Secretary The Peoples Bank of H a m b u r g ........................................ President, or Cashier Hempstead B a n k ................................................................ President, any Vice President, or Cashier The Second National Bank and Trust Company of H e m p s t e a d ..................................................................... President, any Vice President, or Cashier The Long Island National Bank of Hicksville . . . . Cashier First National Bank in Highland F a lls ............................. President, any Vice President, or Cashier Bank of H u n tin g to n .......................................................... President, any Vice President, or Secretary Security National Bank of Long I s l a n d ....................... President, any Vice President, or Cashier First National Bank and Trust Company of Ithaca . President, any Vice President, or Cashier Tompkins County Trust C o m p a n y ................................... President, any Vice President, or Cashier Bank of J a m e sto w n .......................................................... President, any Vice President, or Cashier Chautauqua National Bank of J a m e sto w n ....................... President, any Vice President, or Cashier The First National Bank of J a m e s to w n ....................... President, any Vice President, or Cashier State Bank of K e n m o r e .................................................... President, any Vice President, or Cashier Kingston Trust Com pany.................................................... President, any Vice President, or Treasurer The State of New York National B a n k ............................. President, any Vice President, or Cashier The National Bank of L i b e r t y ......................................... President, any Vice President, or Cashier The Sullivan County National Bank of Liberty President, any Vice President, or Cashier The Herkimer County Trust C o m p a n y ............................. President, any Vice President, or Secretary State Bank of Long B e a c h .............................................. The North Fork Bank and Trust C om pany....................... County National Bank, M iddletown................................... Orange County Trust C o m p a n y ......................................... President, any Vice President, or Secretary The Mount Kisco National Bank and Trust Company . President, any Vice President, or Cashier The First National Bank of Mount V e rn o n ....................... President, any Vice President, or Cashier The Columbus Trust C o m p a n v ......................................... President, or any Vice President Highland National Bank of N e w b u r g h ............................. President, any Vice President, or Cashier First Westchester National Bank of New Rochelle President, any Vice President, or Cashier (S ee page 6) The National Bank and Trust Company of Norwich . Chairman of the Board, President, any Vice President, or Cashier Marine Midland Trust Company of Rockland County Ogdensburg Trust C o m p a n y .............................................. President, any Vice President, or Treasurer The Exchange National Bank of O l e a n ............................. President, any Vice President, or Cashier The First National Bank of O l e a n ................................... President, any Vice President, or Cashier 5 GROUP 2 NEW YORK ( Continued) Place Name of Bank or Trust Company Oneida Oneonta Patchogue Poughkeepsie Poughkeepsie The Oneida Valley National Bank of Oneida . . . . Wilber National Bank o f O n e o n t a ................................... The Peoples National Bank o f P a tc h o g u e ....................... Dutchess Bank & Trust C o m p a n y ................................... The Fallkill National Bank and Trust Company of Poughkeepsie...................................................................... The First National Bank of P ou gh k eep sie....................... Poughkeepsie Riverhead The Suffolk County National Bank of Riverhead Central Trust Company, Rochester, N. Y ............................. Rochester Rochester Security Trust Company of R o c h e s t e r ............................. Rockville Centre Bank of Rockville Centre Trust C o m p a n y ....................... The Rve National B a n k .................................................... Rye Saratoga Springs The Adirondack Trust Com pany......................................... The Oystermen’s Bank and Trust Company . . . . Sayville Scarsdale Schenectady Scarsdale National Bank and Trust Company . . . . The Citizens ’ Trust Company of Schenectady, N. Y. . Officers Authorized to Cast Vote President, any Vice President, any Vice President, any Vice President, any Vice President, or Cashier President, or Cashier President, or Cashier President, or Secretary President, any Vice President, or Cashier President, any Vice President, or Cashier President President, any Vice President, or Secretary President, any Vice President, or Secretary President, any Vice President, or Treasurer President, any Vice President, or Cashier President, any Vice President, or Treasurer Chairman, President, any Vice President, or Secretary President President, any Vice President, or Secretary and Treasurer 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 Secretary The Mohawk National Bank of Schenectady . . . . The Schenectady Trust C o m p a n y ................................... Bank of S m ith to w n .......................................................... The Eastern National Bank of S m ith to w n ....................... The First National Bank of Spring V a lle y ....................... Rockland National Bank, S u f f e r n ................................... First Trust & Deposit C o m p a n y ......................................... Lincoln National Bank and Trust Company of Central New Y o r k ................................................................................. President, any Vice President, or Cashier Marine Midland Trust Company of Central New York, Syracuse Syracuse ............................................................................ Chairman of the Board, President, any Vice President, or Cashier The Merchants National Bank & Trust Company of Syracuse Syracuse ........................................................................... President, any Vice President, or Cashier The Manufacturers National Bank of Troy . . . . Troy President, any Vice President, or Cashier The Union National Bank of T r o y ................................... President, any Vice President, or Cashier Troy Utica Marine Midland Trust Company of the Mohawk Valley President, any Vice President, or Secretary The Oneida National Bank and Trust Company of Central Utica New Y o r k ...................................................................... President, any Vice President, or Cashier Valley Stream National Bank and Trust Company . Valley Stream President, any Vice President, or Cashier The Valley National Bank, Wallkill, N. Y............................. President, any Vice President, or Cashier Wallkill First National Bank of W a t e r lo o ................................... President, any Vice President, or Cashier Waterloo The Northern New York Trust C o m p a n y ....................... President, any Vice President, or Secretary Watertown and Treasurer The Watertown National B a n k ........................................ President, any Vice President, or Cashier Watertown The Citizens National Bank of W e lls v ille ....................... President, any Vice President, or Cashier Wellsville Bank of Westburv Trust C o m p a n y ................................... President, any Vice President, or Cashier Westbury West Hempstead The Meadow Brook National Bank o f Nassau County . President, any Vice President, or Cashier The County Trust C o m p a n y .............................................. President, or any Vice President White Plains National Bank o f Westchester, White Plains . . . . White Plains President, any Vice President, or Cashier First National Bank in Y on k ers........................................ President, any Vice President, or Cashier Yonkers Schenectady Schenectady Smithtown Smithtown Spring Valley Suffern Syracuse Syracuse NEW YORK CITY Brooklyn The Bensonhurst National Bank o f Brooklyn in New York President, any Vice President, or Cashier Lafayette National Bank of Brooklyn in New York President, or Cashier The Peoples National Bank of Brooklyn in New York . Any Director, President, any Vice President, or Cashier 6 GROUP 2 NEW YORK CITY ( Continued) Place Manhattan Name of Bank or Trust Company The Amalgamated Bank of New Y o r k ....................... American Trust Com pany.............................................. Colonial Trust C o m p a n y .............................................. Federation Bank and Trust C o m p a n y ....................... The Gotham B a n k .......................................................... Grace National Bank of New Y o r k ............................. The Merchants Bank of New Y o r k ............................. Officers Authorized to Cast Vote Schroder Trust C om pany.............................................. Sterling National Bank & Trust Company o f New York Trade Bank and Trust Com pany................................... Queens Far Rockaway Forest Hills Springfield Gardens Richmond Port Richmond President, any Vice President, or Cashier President, or any Vice President President, or any Vice President President, or any Vice President President, any Vice President, or Cashier President, any Vice President, or Cashier President, any Vice President, Cashier, or Assistant Cashier President, any Vice President, or Secretary President, any Vice President, or Cashier President, any Vice President, or Cashier The National Bank o f Far R o c k a w a y ....................... United National Bank o f Long Island in New York President President, any Vice President, or Cashier The Queens National Bank o f New York President, any Vice President, or Cashier . . . . The Richmond County National Bank of Port Richmond 7 President, any Vice President, or Cashier FEDERAL OF RESERVE NEW BANK YORK Nomination for Class A Director, 1959 D is t r ic t N o. 2 G rou p N o. 2 A t a meeting o f the B oard o f Directors o f t h e ............................................................................ (Name of Bank) o f ................................................................................ duly called and held on the......................... day (City or Town and State) o f ................................................................... 1959, on motion duly made and seconded, it was “ R E S O L V E D , That....................................................................................., o f ................................ whose occupation is........................................................... , be, and he is hereby, nominated b y this bank as a candidate fo r class A director o f the Federal Reserve Bank o f New York, and the cashier or other officer o f this bank is hereby authorized, empowered and directed to send a certified copy o f this resolution to the Chairman o f the B oard o f Directors o f the Federal Reserve Bank o f New Y o rk .” I hereby certify that the foregoing is a true and correct copy o f a resolution o f the Board o f Directors o f this bank duly adopted on the date specified. (S eal of B a n k ) (Official signature) T o M R. JO H N E. B IE R W IR T H , ................................... ........ " C h a ir m a n o f t h e B o a r d o f D ir e c t o r s , F ederal R eserve B a n k of N e w Y o rk . FEDERAL OF RESERVE NEW BANK YORK Nomination for Class B Director, 1959 D is t r ic t No. 2 Group No. 2 A t a meeting o f the B oard o f Directors o f t h e ............................................................................ (N a m e o f B a n k ) o f ................................................................................duly called and held on th e ........................ day (C it y o r T o w n a n d S tate) o f ................................................................... 1959, on motion duly made and seconded, it was “ R E S O L V E D , That....................................................................................., o f................................ whose occupation is........................................................... , be, and he is hereby, nominated by this bank as a candidate fo r class B director o f the Federal Reserve Bank o f New York, and the cashier or other officer o f this bank is hereby authorized, empowered and directed to send a certified copy o f this resolution to the Chairman o f the Board o f Directors o f the Federal Reserve Bank o f New Y o rk .” I hereby certify that the foregoing is a true and correct copy o f a resolution o f the Board o f Directors o f this bank duly adopted on the date specified. (S e a l of B a n k ) (O fficia l sign atu re) T o M R. JO H N E . B IE R W IR T H , C h a ir m a n o f t h e B o a r d o f D ir e c t o r s , F ed eral R eserve B a n k of N e w Y o r k . (Title)
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