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FEDERAL RESERVE BANK O F N EW YORK r Circular N o. 5 5 6 9 "1 L N ovember 6, 1964 J Nomination and Election of Directors (B y member banks classified in Group 1 on September 29, 1964, that is, member banks with capital and surplus of more than $40,000,000 on that date) To the Member Banks of the Second Federal Reserve District: In accordance with the provisions of section 4 o f the Federal Reserve A ct, as amended, and Circular No. 5554, dated September 29, 1964, on the election o f directors o f this Bank fo r terms o f office from January 1, 1965, to December 31, 1967, to succeed G e o r g e C h a m p i o n , class A director, and B. E a r l P u c k e t t , class B director, whose terms expire December 31, 1964, there are shown on pages 2 and 3 the names o f the candidates nominated fo r such offices, and by whom nominated. To each bank classified in Group 1 on September 29, 1964, except banks affiliated with holding com pany affiliates that have designated another bank to participate in this election,* the follow ing are being sent with this circu la r: (a) (b ) (c ) (d ) Ballot fo r use in voting fo r candidates fo r class A director and class B director. Colored ballot envelope in which the ballot is to be sealed. Certificate envelope bearing on its face the certificate in regard to the vote. Addressed envelope in which all o f the foregoing should be returned to me. The ballot and the certificate on the certificate envelope must be executed by an officer who has been authorized to cast the vote. A list o f the officers designated fo r this purpose by the member banks in Group 1 was contained in the above-mentioned circular dated September 29, 1964, and a similar list revised to date is contained in this circular. In order that the ballot may be secret, the name o f the bank and the name and title o f the voting officer should not be written on the ballot, but should be written only on the certificate envelope. (1 ) A fte r the ballot has been marked, (2) It should be placed in the colored ballot envelope and that envelope sealed. (3) Then the sealed colored ballot envelope should be placed within the certificate envelope, and the certificate envelope should be sealed and the certificate thereon executed. (4) Then the certificate envelope containing the sealed colored ballot envelope should be returned to me in the enclosed addressed envelope. The law provides that the ballot shall be cast within 15 days after receipt o f the list o f candidates transmitted herewith. The polls will open at 10 a.m., November 9, 1964, and will close at 12 noon on Tuesday, November 24, 1964, and in order to be counted as valid the ballot must be received b y me at or before the latter time. Upon the closing o f the polls the ballot box will be opened in the Board Room o f this Bank, the sealed envelopes containing the ballots will be opened, the votes counted and checked by tellers, and the results of the election announced. The candidates are invited to be present or represented on this occasion. Because banks in Groups 2 and 3 will not vote in this election, this circular is sent to them, without form s and fo r their information only. P h il ip D. R eed, Chairman o f the Board. * As indicated in Circular No. 5554, dated September 29, 1964, section 4 of the Federal Reserve Act, as amended, provides 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 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 election. Consequently, the ballot of any bank in Group 1 so affiliated cannot be counted as valid unless there is on file with me evidence that such bank has been so designated. 19 14 FIFTIETH ANNIVERSARY 19 6 4 Candidate for Class A Director GEORGE A. MURPHY, NEW Y ORK, N. Y. Chairman, Irving Trust Company, New York, N. Y. G eor g e A. M u r p h y was born in Morrow, Georgia, on December 13, 1905. He is a graduate o f Oglethorpe University (A .B ., 1927) ; H arvard Graduate School o f Business Adm inistration (M .B.A., 1931) ; and New Y ork University Law School (LL.B ., 1942). Mr. M urphy joined Irving Trust Company in 1931 in its International Division, later transferring to the Personal Trust Division. In 1947, he became vice president and head o f the Personal Trust Division, and in 1954, senior vice president and head o f the Loan Adm inistration Division. He was elected a director in 1956, president in 1957, and chairman o f the board and chief executive officer in 1960. Mr. M urphy is immediate past president of the New Y ork State Bankers Association, and serves as a director o f the Commercial Union Insurance Company o f New York, Continental Can Company, Distillers Company, Ltd., General Cable Corporation, and W arner-Lam bert Pharmaceutical Company. He is chairman o f New Y ork U niversity’s Board o f Trustees and treasurer o f The Greater New Y ork Fund. Mr. M urphy served as the Second Federal Reserve District member o f the Federal A dvisory Council for the years 1961-63 and as president of the Council in 1962 and 1963. Nominated by the following member banks in Group 1 N E W YORK Place Buffalo New York City Name of Bank or Trust Company Manufacturers and Traders Trust Company The Bank of New York Bankers Trust Company The Chase Manhattan Bank Chemical Bank New York Trust Company First National City Bank Irving Trust Company Manufacturers Hanover Trust Company Morgan Guaranty Trust Company of New York 2 Candidate for Class B Director ARTHUR K. WATSON, NEW YORK, N. Y. Chairman, IB M W orld Trade Corporation, New York, N. Y . Senior Vice President, International Business Machines Corporation, Armonk, N. Y . A r t h u r K. W a t s o n was born in Summit, New Jersey, on A p ril 23, 1919 and was graduated from Yale University with a B A . degree in 1942. A fte r serving five years in the Ordnance Departm ent o f the U. S. A rm y, Mr. W atson joined International Business Machines Corporation in 1947. U pon the form ation of IB M W orld Trade Corporation as a wholly owned subsidiary in 1949, he was elected vice president and director, and in 1954 he was elected president. Mr. W atson became vice president and director o f the parent com pany in 1959, and a member o f its Executive Committee in 1961. In 1963, he was elected chairman o f the board o f the IB M W orld Trade Corporation, and as vice president and group executive o f the parent company, he assumed responsibility fo r its staff. He became a senior vice president o f the parent com pany in M ay 1964. Mr. W atson is a director o f Am erican Brake Shoe Company, Continental Insurance Company, and Niagara Fire Insurance Company. He is also a director o f the Chemical Bank New Y ork Trust Company, but will resign, if elected, to com ply with the eligibility requirements o f the Federal Reserve A ct. He is chairman o f the United States Council of the International Chamber o f Commerce and also serves as a trustee o f the Carnegie Endowment for International Peace, Colgate University, Hotchkiss School, The Metropolitan Museum of A rt, Presbyterian Hospital (New Y o rk ), and A lfre d P. Sloan Foundation. Nominated by the following member banks in Group 1 N E W YO RK Place Name of Bank or Trust Company Buffalo Manufacturers and Traders Trust Company New York City The Bank of New York Bankers Trust Company The Chase Manhattan Bank Chemical Bank New York Trust Company First National City Bank Irving Trust Company Manufacturers Hanover Trust Company Morgan Guaranty Trust Company of New York 3 1 96 4 Election of Directors List of 13 Member Banks in Group 1 (Group 1 consists of member banks with capital and surplus of more than $40,000,000, on September 29, 1964) N E W JER SE Y Place Newark Name of Bank or Trust Company Officers Authorized to Cast Vote Fidelity Union Trust C o m p a n y ........................................ . President, or any Vice President N E W YO RK Buffalo Manufacturers and Traders Trust Company . . . The Marine Trust Company of Western New York . . President, any Vice President, or Secretary . President, or any Vice President Mineola Franklin National B a n k ........................................ . President, any Vice President, or Cashier New York City The Bank of New York . . Chairman of the Board, President, Senior Executive Vice President, or any Executive Vice President Bankers Trust Company . President, or any Vice President The Chase Manhattan Bank . Chairman of the Board, President, Vice Chairman of the Board, any Vice Presi dent, or Secretary Chemical Bank New York Trust Company . . President, any Executive Vice President, or Secretary First National City B a n k ........................................ . Chairman, President, Chairman of the Executive Committee, any Executive Vice President, Cashier, any Senior Vice President, or any Vice President Irving Trust C o m p a n y ............................................... . Chairman, or in his absence, President Manufacturers Hanover Trust Company . . Chairman of the Board, or President The Marine Midland Trust Company of New York . Chairman of the Board, Chairman of the Executive Committee, President, or any Vice President Morgan Guaranty Trust Company of New York . Chairman, a Vice Chairman, President, any Vice President, Cashier, or Secretary 4 DigitizedRoom for FRASER 511 M r. P h il ip D . R e e d , Chairman, Board o f Directors, Federal Reserve Bank of New York, Federal Reserve P. 0 . Station, New York, N. Y. 10045 FEDER AL RESERVE BAN K OF NEW YORK Ballot November 6, 1964 Group No. 1 This ballot and the certificate on the certificate envelope must be executed by an officer who lias been authorized to cast the vote and whose designation has been duly certified to me. The polls will open at 10 a.m. on November 9, 1964, and will close at 12 noon on Tuesday, November 24, 1964. This ballot must be returned so as to reach me before the latter time. Failure to observe instructions will invalidate this ballot. P h i l i p D. R eed , Chairman of the Board. V O T E FO R CLASS A D IR E C T O R OF F E D E R A L R E S E R V E BANK OF N EW Y O R K for term of office from January 1, 1965 to December 31, 1967 C a n d id a t e G eorge A . M u r p h y , Chairman, Irving Trust Company, New York, N. Y. (Indicate vote by X below) o V O T E F O R CLASS B D IR E C T O R OF F E D E R A L R E S E R V E BANK OF N EW Y O R K for term of office from January 1, 1965 to December 31, 1967 C a n d id a t e A rth ur K. W a t s o n , Chairman, IBM World Trade Corporation, and Senior Vice President, International Business Machines Corporation, New York, N. Y. (Indicate vote by X below) o D IR E C TIO N S FOR R E TU R N OF B A L L O T 1. Mark this ballot to indicate vote for each position. 2. Place marked ballot in the colored envelope and seal that envelope. 3. Place sealed colored ballot envelope in certificate envelope and seal certificate envelope and execute certificate thereon. 4. Return sealed and executed certificate envelope (with sealed colored ballot envelope enclosed therein) in envelope a d d r e s s e d to Mr. P h i l i p D. R e e d , Chairman, Board of Directors, Federal Reserve Bank of New York, Federal Reserve P. O. Station, New York, N. Y. 1004S. CERTIFICATE ENVELOPE This Envelope Should Contain Only Ballot in Sealed Colored Envelope It W ill I' ot Be Opened Until Polls Close ....................................................... 1964. Group No. 1 To M r . P h i l i p D. R e e d , Chairman of the Board, Federal Reserve Bank of New York. In accordance with section 4 of the Federal Reserve Act, as amended, I hereby certify that my votes for a class A director and a class B director of the Federal Reserve Bank of New York for terms of office from January 1, 1965 to December 31, 1967, are as indicated (by X ) in the ballot sealed herein. For (Name of Bank) (Location of Bank) (Signature of officer designated to vote. See list of member banks in Group 1 in Circular No. 5569.) .............................................................. (TITLE of Voting Officer) BALLOT ENVELOPE E l e c t io n o f D ir e c t o r s of Federal Reserve Bank of New York The m arked preferential ballot should be placed in this envelope, and this envelope should then be sealed and placed in the certificate envelope.
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