Full text of Federal Reserve Bank of New York Circulars : 5593. Appointment of Directors

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F E D E R A L R E S E R V E BA N K
O F NEW YORK

I" Circular No. 5 5 9 3 *1
L December 29, 1964 J

Appointment of Directors

To the Member Banks of the Second Federal Reserve District:

The B oard o f G overnors o f the F ederal R eserve System has redesignated P h i l i p D. R e e d
as Chairman o f the B oard o f D irectors o f this Bank and F ederal R eserve A gent fo r the year
1965. Mr. Reed, form er Chairman o f the B oa rd o f the General E lectric Company, New Y ork
City, served as a class B director o f the Bank in 1959. He has been serving as a class C
director o f this Bank and as Chairman and F ederal R eserve A gent since January 1960.
The B oa rd o f G overnors has appointed

E

verett

N. Case as D eputy Chairman fo r the

year 1965. Mr. Case, who is President o f the A lfre d P. Sloan Foundation, New Y ork City,
has been serving as a class C director since January 1961. A s D eputy Chairman, Mr. Case
succeeds James DeCamp W ise, form er Chairman o f the B oard o f B igelow -S anford, Inc., New
Y ork City, whose term as D eputy Chairman and as a class C director expires Decem ber 31,
1964. Mr. W ise has served as a class C director since January 1959, and as D eputy Chairman
since January 1961.
The B oa rd o f G overnors has also appointed J ames M. H ester as a class C director fo r
the three-year term beginning January 1, 1965. Dr. Hester, who is P resident o f New Y ork
U niversity, New Y ork City, succeeds Mr. W ise as a class C director.
The Board of Governors has appointed Robert S. B e n n e tt as a director of the Buffalo
Branch of this Bank for the three-year term beginning January 1, 1965. Mr. Bennett is General
Manager of the Lackawanna Plant, Bethlehem Steel Corporation, Buffalo, N. Y.

On the

Branch Board, he succeeds W h itw o r th Ferguson, President of the Ferguson Electric Con­
struction Co., Inc., Buffalo, N. Y.
The Board of Directors of this Bank has appointed J. W a lla c e E ly and John D. H am ilton

as directors of the Branch for three-year terms beginning January 1, 1965. Mr. E ly is Presi­
dent of the Security Trust Company of Rochester, Rochester, N. Y . ; on the Branch Board, he
succeeds E lm e r B. M illim an, President of the Central Trust Company Rochester N. Y.,
Rochester, N. Y . Mr. Hamilton is President of the Chautauqua National Bank of Jamestown,
Jamestown, N. Y . ; on the Branch Board, he succeeds A nson F. Sherman, President of The
Citizens Central Bank, Arcade, N. Y.

The B oa rd o f D irectors o f this Bank has designated

M

a u r ic e

R.

F

orman

as Chairman o f

the B oard o f D irectors o f the Branch fo r the year 1965. Mr. Form an, who is P resident o f
B. F orm an Com pany, Rochester, N. Y., has been a director o f the Branch since January 1963.


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