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. 5751 LOctober 20, 1923 J Election of Directors Of Federal Reserve Bank of New York To all Member Banks in the Second Federal Reserve District: Terms of Directors Under the Federal Reserve Act, the relevant provisions of which may be found on the third page of this circular, each Federal Reserve Bank has nine directors, three of each class (A, B and C), who serve for three years each, and whose terms are so arranged that the terms of three directors, one of each class, expire each year. Class A and Class B directors are elected by the member banks; Class C directors are designated by the Federal Reserve Board. An election is now necessary in this district to provide a successor for Robert H. Treman, Class A director, whose term expires on December 31, 1923, and a successor for Richard H. Williams, Class B director, now deceased, whose term would have expired on December 31, 1923. Banks Which Vote in This Election The Act requires that for the purpose of elections the member banks in each district shall be divided into three groups. The Federal Reserve Board, accordingly, has grouped the member banks in this district as follows: Group 1, Banks having capital and surplus in excess of $1,999,000. Group 2, Banks having capital and surplus not exceeding $1,999,000 and not below $201,000 (listed on page 4). Group 3, Banks having capital and surplus below $201,000. • Each group, every third year, elects one Class A director and one Class B director. Since Mr. Treman and Mr. Williams were elected by Group 2, only this group will participate in the coming election, but this circular is sent to all member banks in the district for their information. Nomination Procedure The directors of each member bank in Group 2 may nominate one candidate for director of Class A and one candidate for director of Class B. Member banks in Group 2 will find enclosed blank forms for use as follows: 1. CERTIFICATE OF NOMINATION FOR CLASS A DIRECTOR, 1923. (Printed on buff paper.) Class A directors under the terms of the Federal Reserve Act are to be "representative of the stock holding banks." An officer or director of any member bank in Group 2 is eligible at this time for nomination and election, provided he is not an officer or director of a bank in Group 1. In order to nominate a candidate it is necessary for the board of directors of the voting member bank to adopt a resolution of nomination. The form of that resolution is printed on the blank provided. When signed by the cashier and stamped with the seal of the bank it should be forwarded in the enclosed envelope. 2. CERTIFICATE OF NOMINATION FOR CLASS B DIRECTOR, 1923. (Printed on blue paper.) Under the terms of the Act, "no director of Class B shall be an officer, director, or employee of any bank," and at the time of his election a Class B director shall be actively engaged in his district "in commerce, agriculture, or some other industrial pursuit." This nomination also requires the adoption of a resolution by the board of directors of the voting member bank, and a form of resolution is printed on the blank provided. When signed by the cashier and stamped with the seal of the bank it should be forwarded in the enclosed envelope. [ 3. DESIGNATION OF OFFICER AUTHORIZED TO CAST VOTE OF MEMBER BANK. (Printed on white paper.) This form is provided for the use of such banks as have not designated heretofore by resolution of their respective boards of directors an officer to cast the vote of the bank at an election. This designation continues until revoked, and may be made either by amendment to a bank's by-laws or by the adoption of a resolution by the board of directors. A form of resolution is printed on the blank provided. If this form of resolution is used, it should be signed by the designated officer, and by another officer; stamped with the seal of the bank; and returned in the enclosed envelope. Or, if the by-laws are amended, a copy of such amendment should be forwarded instead of the resolution. Designations already made are shown on the attached list. If a member bank wishes to change its designation or if it has no designation now effective, the procedure given above should be followed; otherwise the form may be disregarded. On November 14 the period in which nominations of directors may be made will terminate and nominations received after twelve o'clock noon of that day will not be listed. Voting Procedure The Federal Reserve Board has fixed November 16 as the date for opening the polls. On November 15 there will be mailed to all member banks in the district for their information a list of those nominated for Class A and Class B directors, with the names of the banks nominating them. There will also be enclosed to all banks in Group 2, a preferential ballot, providing for the recording of first, second and other choices for a director of each class. It is mandatory under the Federal Reserve Act that within fifteen days from the receipt of said list and ballot every member bank in Group 2 shall, by its duly authorized officer, record its vote. On or about December 4 the results of the election will be announced. Yours very truly, PIERRE JAY, Chairman. Extracts from Section 4 of the Federal Reserve Act as Amended Every Federal reserve bank shall be conducted under the supervision and control of a board of directors. * * * * * * * * * Such board of directors shall be selected as hereinafter specified and shall consist of nine members, holding office for three years, and divided into three classes, designated as classes A, B, and C. Class A shall consist of three members, who shall be chosen by and be representative of the stock holding banks. 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. Class C shall consist of three members who shall be designated by the Federal Reserve Board. * * * No Senator or Representative in Congress shall be a member of the Federal Reserve Board or an officer or a director of a Federal reserve bank. No director of Class B shall be an officer, director, or employee of any bank. No director of Class C shall be an officer, director, employee, or stockholder of any bank. Directors of Class A and Class B shall be chosen in the following manner: The Federal Reserve Board shall classify the member banks of the district into three general groups or divisions, designating each group by number. Each group shall consist as nearly as may be of banks of similar capitalization. Each member bank shall be permitted to nominate to the chairman of the board of directors of the Federal reserve bank of the district one candidate for director of Class A and one candidate for director of Class B. The candidates so nominated shall be listed by the chairman, indicating by whom nominated, and a copy of said list shall, within fifteen days after its completion, be furnished by the chairman to each member bank. Each member bank by a resolution of the board or by an amendment to its by-laws shall authorize its president, cashier, or some other officer to cast the vote of the member bank in the elections of Class A and Class B directors. Within fifteen days after receipt of the list of candidates the duly authorized officer of a member bank shall certify to the chairman his first, second, and other choices for director of Class A and Class B, respectively, upon a preferential ballot upon a form furnished by the chairman of the board of directors of the Federal reserve bank of the district. Each such officer shall make a cross opposite the name of the first, second, and other choices for a director of Class A and for a director of Class B, but shall not vote more than one choice for any one candidate. 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. Any candidate having a majority of all votes cast in the column of first choice shall be declared elected. If no candidate have a majority of all the votes in the first column, then there shall be added together the votes cast by the electors for such candidates in tLe second column and the votes cast for the several candidates in the first column. If any candidate then have a majority of the electors voting, by adding together the first and second choices, he shall be declared elected. If no candidate have a majority of electors voting when the first and second choices shall have been added, then the votes cast in the third column for other choices shall be added together in like manner, and the candidate then having the highest number of votes shall be declared elected. An immediate report of election shall be declared. 3 1923 Election of Directors List of 256 Banks Composing Group 2, Second Federal Reserve District CONNECTICUT Place Bridgeport Danbury Norwalk Stamford j Capital and Surplus Bank or Trust Company Bridgeport Trust Company City National Bank Si. l n y bury li N.lt"B.»k [ National Bank of Norwalk First Stamford National Bank \ \ \ [ ] \ Designated Voting Officer $1,300,000 1,800,000 300,000 300,000 300,000 800,000 C. Barnum Seeley, President H. B. Terrill, Cashier A. N. Wildman, President $ 350,000 250,000 500,000 250,000 400,000 400,000 260,000 425,000 250,000 1,000,000 500,000 1,400,000 250,000 250,000 250,000 1,000,000 225,000 1,000,000 500,000 850,000 325,000 300,000 350,000 250,000 1,500,000 250,000 250,000 350,000 400,000 1,000,000 450,000 900,000 280,000 1,100,000 600,000 300,000 600,000 360,000 1,250,000 1,000,000 300,000 1,000,000 300,000 400,000 300,000 300,000 1,000,000 1,100,000 1,800,000 1,000,000 1,400,000 450,000 250,000 W. A. Berry, Secy, and Treas. H. P. Price, Cashier Clarence W. Bell, Cashier NEW JERSEY Asbury Park Bayonne Belleville Bloomfield Butler Dover East Orange Elizabeth Englewood Flemington Hackensack Ilackettstown Hoboken Irvington Jersey City Long Branch Montclair Morristown Newark New Brunswick Newton Orange Passaic Paterson Seacoast Trust Company Bayonne National Bank Bayonne Trust Company First National Bank Bloomfield National Bank . . . . Bloomfield Trust Company . . . . First National Bank National Union Bank The East Orange Bank Savings Investment & Trust Company . Elizabethport Banking Company . National State Bank Peoples National Bank Citizens National Bank Hunterdon County National Bank . Peoples Trust & Guaranty Company Hackettstown National Bank . . . . First National Bank Jefferson Trust Company . . . . Second National Bank Irvington National Bank Bergen National Bank Claremont Bank Merchants National Bank . . . . Union Trust & Hudson County National Bank Citizens National Bank Long Branch Banking Company Bank of Montclair First National Bank Montclair Essex Trust Company First National Bank Morristown Trust Company . . . . National Iron Bank American National Bank Broad & Market National Bank City Trust Company Ironbound Trust Company . . . . Mutual Bank of Roseville . . . . National State Bank North Ward National Bank . . . . Springfield Avenue Trust Company National Bank of New Jersey . . . . Peoples National Bank Sussex National Bank Orange National Bank Second National Bank Peoples Bank & Trust Company First National Bank Paterson National Bank Hamilton Trust Company . . . . Second National Bank National Bank of America . . . . Totowa National Bank John H. Mahnken, President Lewis K. Dodd, Cashier Allison Dodd, President C. G. Wilson, President T. H. Hoagland, President Harry H. Thomas, Vice-President Harry H. Thomas, President Chas. D. Doctor, President Hamilton F. Kean, Director Theo. Degenring, Cashier A. I. Drayton, President J. A. Bullock, President C. Linkroum, President S. R. Smith, President Wm. Shippen, President Chas. H. Focht, President J. W. Bellis, Vice-President James R. English, Director W. E. Keller, Cashier Jacob Steinbach, President Nathan f. Porter, Jr., President L. V. Hubbard, Vice-President H. Ward Ford, President F. B. Strong, Treasurer M. L. Toms, Vice-President Charles Niebling, President ] Francis Williams, President i Wm. Halsey Peck, President J. H. Bacheller, President Wm. I. Cooper, President John W. Lushear, President Henry G. Parker, President T. Ely Schanck, Vice-President Theodore Simonson, President John D. Everitt, President Wilbur Munn, President Bird W. Spencer, President Edward T. Bell, President E. Z. Halsted, Vice-President Wm. D. Blauvelt, President 1923 Election of Directors List of 256 Banks Composing Group 2, Second Federal Reserve District NEW JERSEY—Continued Place Perth Amboy Phillipsburg Plainfield Rahway Red Bank Rutherford Summit Washington Westfield West Hoboken Bank or Trust Company First National Bank . Perth Amboy Trust Company Phillipsburg National Bank Second National Bank City National Bank . First National Bank . Plainfield Trust Company Rahway National Bank Second National Bank Rutherford National Bank First National Bank . First National Bank . Peoples Bank & Trust Company Westfield Trust Company National Bank of North Hudson Capital and Surplus $ 400,000 500,000 500,000 250,000 300,000 300,000 1,000,000 250,000 500,000 350,000 250,000 300,000 300,000 250,000 600,000 Designated Voting Officer Hamilton F. Kean, President M. L. Barnitt, Vice-President Arthur E. Crone, Cashier A. V. Heely, Vice-President Frank H. Smith, President Frank McMahon, President E. J. Turner, President William Darling, Vice-President Samuel Townsend, President Joseph R. Connoly, President Archibald M. Henry, President NEW YORK Adams Albany Albion Amsterdam Auburn Ballston Spa Batavia Binghamton Brooklyn Buffalo Canandaigua Canton Carthage Catskill Cohoes Cooperstown Corning Corona Cortland Dunkirk Elmira Flushing Fort Plain Fulton Citizens Trust Company . First National Bank . . . . Citizens National Bank Amsterdam City National Bank Farmers National Bank First National Bank . . . . Montgomery County Trust Company Cayuga County National Bank National Bank of Auburn Ballston Spa National Bank First National Bank . City National Bank . First National Bank . Peoples Trust Company Bank of Coney Island Bushwick National Bank First National Bank . Globe Exchange Bank Greenpoint National Bank Midwood Trust Company National Bank of Bay Ridge . Peoples National Bank Community National Bank Genesee National Bank Lafayette National Bank . Merchants National Bank Peoples Bank . . . . Riverside National Bank . South Side National Bank Canandaigua National Bank . First National Bank . Carthage National Bank . Catskill National Bank Tanners National Bank National Bank of Cohoes . First National Bank . Second National Bank First National Bank & Trust Co. Queensboro National Bank National Bank of Cortland Dunkirk Trust Company . Lake Shore National Bank Merchants National Bank Chemung Canal Trust Company Merchants National Bank Second National Bank Flushing National Bank . Fort Plain National Bank Citizens National Bank $ 225,000 1,000,000 205,000 550,000 500,000 500,000 400,000 400,000 275,000 300,000 250,000 400,000 650,000 600,000 300,000 215,346 1,000,000 520,000 400,000 950,000 448,006 450,000 350,000 240,000 1,314,295 500,000 1,600,000 250,000 400,000 250,000 250,000 300,000 215,000 300,000 550,000 300,000 275,000 250,000 210,000 425,000 375,000 210,000 500,000 1,000,000 400,000 1,000,000 240,000 300,000 250,000 H. H. Waite, President John A. Becker, President J. Coann Curtis, President Lewis E. Harrower, President Francis Morris, Director William K. Payne, Vice-President Frank E. Swift, President Thomas Kerley, President George Bowen, Vice-President Hartwell Morse, President W. G. Phelps, President Frank B. Newell, President W. S. Irish, Vice-President David E. Freudenberger, President G. W. Spence, President Edward A. Duerr, President Fred D. Corey, Chairman Melvin L. Baxter, Cashier C. G. Feil, Cashier Frank H. Hamlin, President R. B. Pike, Cashier F. W. Coburn, President James P. Philip, President G. H. McDoweli, President Frank Hale, Cashier Charles T. Brewer, President Willard S. Reed, President Frank J. Peck, President Elton D. Warner, President Alfred J. Lunt, President James M. Madigan, Cashier Frederick W. Swan, Vice-President C. C. Swan, President S. G. H. Turner, President Ellis Parker Butler, Vice-President H. A. Wilson/Cashier 1923 Election of Directors List of 256 Banks Composing Group 2, Second Federal Reserve District NEW YORK— Continued Geneva Glens Falls Gloversville Goshen Gouverneur Herkimer Hicksville Hornell Hudson Hudson Falls Ithaca Jamaica Jamestown Kinderhook Kingston Lackawanna Little Falls Lockport Lowville Malone Middletown Mineola Moravia Mount Vernon Newark Newburgh New Rochelle New York Capital anc Surplus Hank or Trust Company Place $300,000 475,000 360,000 836,400 400,000 850,000 900,000 400,000 330,000 240,000 300,000 250,000 225,000 300,000 400,000 350,000 J.)0,000 400,000 400,000 350,000 400,000 3.50,000 503,300 250,000 1,000,000 240,000 400,000 425,000 250,000 250,000 300,000 250,000 700,000 300,000 600,000 600,000 300,000 300,000 400,000 300,000 250,000 230,000 225,000 500,000 300,000 400,000 480,000 360,000 500,000 275,000 675,000 275,000 1,300,000 1,500,000 1,600,000 460,508 750,000 1,187,640 1,700,000 1.113,108 1,500,000 300,000 600,000 900,000 1,500,000 625,000 900,000 Geneva National Bank Geneva Trust Company National Bank of Geneva . First National Bank . . . . National Bank of Glens Falls . City National Bank . . . . Fulton County National Bank Trust Company of Fulton County . National Bank of Orange County . First National Bank . . . . First National Bank . . . . Herkimer National Bank . Bank of Hicksville . . . . First National Bank . . . . Farmers National Bank First National Bank . . . . Sandy Hill National Bank First National Bank . . . . Ithaca Trust Company Tompkins County National Bank . First National Bank . . . . American National Bank . First National Bank . . . . Liberty National Bank National Chautauqua County Bank National Union Bank First National Bank of Rondout Kingston Trust Company National Ulster County Bank . Rondout National Bank . State of New York National Bank . Lackawanna National Bank Herkimer County Trust Company . Little Falls National Bank . : National Exchange Bank . Niagara County National Bank Lewis Connty Trust Company Farmers National Bank Peoples Trust Company . Merchants National Bank Nassau County Trust Company First National Bank . . . . American National Bank . First National Bank . Arcadia National Bank Highland National Bank . National Bank of Newburgh . Quassaick National Bank . National City Bank . Amalgamated Bank . Bank of Europe . . . . Bronx National Bank Commonwealth Bank Continental Bank East River National Bank Federation Bank of New York Fulton Trust Company Franklin National Bank . VS. R. Grace & Co.'s Bank Hamilton National Bank . Harriman National Bank . Lebanon National Bank . Liberty National Bank in N. Y. Mutual Bank National American Bank . National Butchers & Drovers Bank New Netherland Bank Designated Voting Officer William O'Hanlon, President L. M. Brown, President '• Frank P. Rightmyer, Treasurer G. S. Edsall, Vice-President Nelson R. Caswell, President C. G. Brewer, Vice-Prcsident Robert Earl, President Henry W. Underbill, President C. Adsit, President William A. Harder, Director Jordan Philip, President Harry L. Broughton, Cashier R. B. Williams, President W. H. Storms, Secretary A. L. Stone, Cashier Wm. Peterson, Cashier H. F. Johnson, Cashier Frank E. Felt, Cashier Elmer E. Wellman, President Edward Coykendall, President President or Treasurer F. J. R. Clarke, President C. R. O'Connor, Cashier D. N. Mathews, President C. G. Boland, President Wm. E. McComb, President John T. Symes, President C. Fred Boshart, President M. C. Ransom, President N. M. Marshall, President G. T. Townsend, President George S. Emory, President C. R. Gibson, President C. S. McClellan, President De Writt E. McKinstry, President F. W. Mapes, President Chas. D. Robinson, President G. F. Flandreaux, President (lias. A. King, President A. II. Gibson, Cashier Henry C. Swords, President Robert F. C. Benkiser, Cashier Hugh N. Kirkland, Cashier Julian M. Gerard, President Wm. F. II. Koelsch, President 0 " " 1923 Election of Directors List of 256 Banks Composing Group 2, Second Federal Reserve District NEW YORK— Continued Place New York Bank or Trust Company Seventh Avenue National Bank United National Bank Yorkville Bank Cataract National Bank Niagara Falls Power City Bank North Tonawand State National Bank Chenango National Bank Norwich National Bank of Norwich . . . . Nyack National Bank Nyack National Bank of Ogdensburg . . . . Ogdensburg Exchange National Bank Olean First National Bank . . . . . Madison County Trust & Deposit Company Oneida Oneida Valley National Bank . . . . Wilber National Bank Oneonta First National Bank Oswego Second National Bank Ozone Park National Bank . . . . Ozone Park Westchester County National Bank Peekskill Plattsburg Merchants National Bank . . . . Plattsburg National Bank & Trust Company Port Chester First National Bank Mutual Trust Company of Westchester County First National Bank Port Jervis Port Richmond National Bank Port Richmond Fallkill National Bank Poughkeepsie Farmers & Manufacturers National Bank First National Bank Merchants National Bank . . . . Richmond Hill Richmond Hill National Bank Riverhead Suffolk County National Bank Rockaway Beach Rockaway Beach National Bank Rochester National Bank of Commerce . . . . Traders National Bank Rome Farmers National Bank Rome Trust Company Saugerties First National Bank Schenectady Mohawk National Bank Schenectady Trust Company . . . . Union National Bank Sherburne Sherburne National Bank . . . . Southampton First National Bank Stamford National Bank of Stamford . . . . Stapleton Stapleton National Bank Suffern National Bank Suffern Syracuse Liberty National Bank Merchants National Bank . . . . Salt Springs National Bank . . . . Third National Bank Manufacturers National Bank Troy National City Bank National State Bank Union National Bank . . -^ . United National Bank Utica Oneida County Trust Company Oneida National Bank Utica City National Bank . . . . Utica Trust & Deposit Company Walton First National Bank Warsaw Wyoming County National Bank . Watertown City National Bank Jefferson County National Bank Northern New York Trust Company Watertown National Bank . . . . Yonkars First National Bank Yonkers National Bank & Trust Company . Capital and Surplus $ 400,000 1,400,000 800,000 250,000 1,500,000 800,000 350,000 400,000 250,000 300,000 1,400,000 550,000 320,000 225,000 600,000 225,000 200,000 250,000 400,000 300,000 500,000 350,000 425,000 300,000 260,000 400,000 400,000 400,000 275,000 240,000 250,000 240,000 1,800,000 950,000 350,000 400,000 240,000 300,000 500,000 800,000 225,000 250,000 250,000 260,000 300,000 250,000 600,000 1,100,000 500,000 1,200,000 550,000 650,000 475,000 540,000 500,000 1,200,000 1,200,000 1,700,000 290,000 300,000 250,000 500,000 800,000 400,000 400,000 300,000 Designated Voting Officer Julius Silberzweig, President Frederick Rath, Cashier Paul A. Schoellkopf, President W. M. Sutton, Cashier H. H. Higley, Vice-President J. B. Turner, President A. M. Voorhis, President R. J. Donahue, President Frank L. Bartlett, President W. A. Dusenbury, Vice-President A. B. Munroe, President George I. Wilber, President John T. Mott, President C. A. Pugsley, President Edward W. Simons, President Charles F. Van Inwegen, President E. R. Moody, Vice-President Henry E. Losey, Vice-President Edward S. Atwater, President Frederick N. Morgan, Cashier I. Reynolds Adriance, President Timothy M. Griffing, President G. G. Clarabut, Vice-President Stephen Cordes, Director E. L. Milmine, Cashier Henry B. Boardman, President Willis T. Hanson, Jr., Vice-Pres. W. K. Dunwell, Cashier C. L. Andrus, President M. H. Scott, Cashier J. F. Duryee, Cashier Lucian A. Eddy, President John W. Gates, President Frank E. Howe, President Thomas Vail, President Julius S. Hawley, President Henry Wheeler, President S. S. Bullions, President Chas. B. Rogers, President G. Albert Niles, Vice-President C. S. Symonds, President J. Francis Day, President John Olmstead, Vice-President F. J. Humphrey, Cashier C. M. Rexford, President D. B. Schuyler, Cashier F. L. Carlisle, President A. F. Wardwell, Vice-President William W. Scrugham, President Leslie Sutherland, President FEDERAL RESERVE BANK OF NEW YORK Registered Mail November 15, 1923. Election of Directors To Certain Member Banks in Group 2: DEAR SIRS: In accordance with the plan outlined in our Circular No. 575, you will find enclosed a copy of Circular No. 577 giving a list of nominations for Class A and Class B directors of the Federal Reserve Bank of New York, together with a ballot for use in casting your vote in the election. According to our record, you have already filed the necessary certificate designating one of your officers to cast your vote, so that all that remains to be done is to have the proper officer fill in and sign the ballot and mail it in the enclosed envelope within fifteen days after receipt. Inasmuch as the Federal Reserve Act is worded in such a way as to make it mandatory upon the member banks to vote, I hope this matter may have your prompt attention. Please acknowledge receipt of the ballot on the enclosed card. Very truly yours, PIERRE JAY, Chairman. s r FEDERAL RESERVE BANK OF NEW YORK Registered Mail November 15, 1923. Election of Directors To Certain Member Banks in Group 2: DEAR SIRS: We mailed you on October 20, 1923, with our Circular No. 575, a form of certificate for your use in designating one of your officers to cast the vote of your institution in elections of directors of the Federal Reserve Bank of New York, but up to this time the certificate does not appear to have been returned. The Federal Reserve Act is worded in such a way as to make it mandatory on the member banks to vote. I trust, therefore, that you will have the necessary resolution passed by your board of directors, in the form contained in the certificate previously sent you, in order that your institution may cast its vote in this election as contemplated in the law. A duplicate blank certificate is enclosed for your use in case you have mislaid the one previously sent. In accordance with the plan outlined in Circular No. 575, you will find herewith a ballot for this election, together with a copy of Circular No. 577 containing a list of nominations. The ballot should be filled in and signed by your voting officer and mailed in the enclosed envelope within fifteen days after receipt. No vote can be counted unless the designation certificate referred to above is filed, but the certificate may be forwarded with the ballot. Please acknowledge receipt of the ballot on the enclosed card. Very truly yours, PIERRE JAY, Chairman. Federal Reserve Bank of New York PREFERENTIAL BALLOT For 1923 Election of Class A and Class B Directors by Member Banks of Group 2, Second Federal Reserve District INSTRUCTIONS TO OFFICERS AUTHORIZED TO CAST VOTES OF MEMBER BANKS The following instructions should be followed carefully. Failure to observe them may invalidate this ballot. Your choice should be indicated by X marks in the spaces opposite the respective names of the nominees. In order to be counted, this ballot, with the certificate signed by the officer authorized to cast the vote, must be returned to me within fifteen days from its receipt. PIERRE JAY, Chairman, Board of Directors. Vote of Officer Authorized to Cast Vote for One Class A Director and One Class B Director Indicate your votes in proper columns, thus (X). Class B Director Class A Director Name and Address of Candidate ROBERT H. TREMAN, Ithaca, N. Y. X Name and Address of Candidate X THEODORE F. WHITMARSH, New York, N. Y. November , 1923 To PIERRE JAY, Chairman, Board of Directors, Federal Reserve Bank of New York. In accordance with Section 4 of the Federal Reserve Act 1 hereby certify that my votes for a Class A and a Class B director respectively of the Federal Reserve Bank of New York are indicated thus (X) in the appropriate columns of this ballot. Officer authorized to cast vote for (Name of bank) (Location of bank)
@FedFRASER