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FE D ER A L R ESER V E BANK O F NEW YO R K rCircular No. 6 6 3 6 T . L November 16, 1970 J Election of Directors (By member banks classified in Group 1 on October 7, 1970, that is, member banks with capital and surplus of more than $65,000,000 on that date) To the Member Banks of the Second Federal Reserve District: I n accordance w ith th e p rovisions of section 4 of th e F e d e ra l R eserve No. 6613, d a te d O ctober 7, 1970, on th e n o m in atio n of d irecto rs of th is J a n u a r y 1, 1971 to D ecem ber 31, 1973, to succeed R. E . M c N e il l , J r ., class class B d irecto r, whose term s ex p ire D ecem ber 31, 1970, th e re are show n on can d id ates n o m in ated fo r such offices, a n d b y w hom nom inated. A ct, as am ended, a n d C irc u la r B an k fo r te rm s of office from A d irecto r, a n d W . D. E b e r l e , pages 2 a n d 3 th e nam es of th e To each m em ber b a n k classified in G roup 1 on O ctober 7, 1970, except those m em ber banks th a t are su b sid iaries of th e sam e b a n k h o ld in g com pany a n d have n o t been desig n ated to p a rtic ip a te in th is election,* th e follow ing are bein g sen t w ith th is c ir c u la r : (a ) B a llo t fo r use in v o tin g fo r can d id ates fo r class A d ire c to r a n d class B d irecto r. (b ) C olored ballo t envelope in w hich th e ballo t is to be sealed. (c) C ertificate envelope b e a rin g on its face th e certificate in re g a rd to the vote. (d ) A d d ressed envelope in w hich all of th e foregoing should be re tu rn e d to me. T he b a llo t a n d th e certificate on th e certificate envelope m u st be executed b y an officer who h as been au th o riz e d to cast th e vote. A lis t of th e officers desig n ated fo r th is p u rp o se by th e m em ber banks in G roup 1 w as co n tain ed in th e above-m entioned c irc u la r d a te d O ctober 7, 1970, a n d a sim ilar list revised to d ate is co n tain ed h erein . I n o rd e r th a t th e ballo t m ay be secret, th e nam e of th e b an k a n d the nam e a n d title of th e v o tin g officer should n o t be w ritte n on the ballot, b u t should be w ritte n only on th e certificate envelope. (1) A fte r th e b allo t h as been m arked, ! (2) I t should be placed in the colored b allot envelope a n d th a t envelope sealed. (3) T h en th e sealed colored ballot envelope should be placed w ith in th e certificate envelope, a n d th e certificate envelope should be sealed a n d th e certificate th ereo n executed. (4) T h en th e certificate envelope co n tain in g the sealed colored ballo t envelope should be re tu rn e d to me in the enclosed ad d ressed envelope. The law pro v id es th a t th e b allo t sh all be cast w ith in 15 days a f te r re c e ip t of th e list of c an d id ates tra n s m itte d herew ith. The polls w ill open a t 10 a.m., N ovem ber 17, 1970, a n d w ill close a t 12 noon on W edn esd ay , D ecem ber 2, 1970, a n d in o rd e r to be co u n ted as v a lid the b allo t m u st be received b y me a t or before th e la tte r tim e. U pon th e closing of th e polls th e ballo t box w ill be opened in th e b o ard room of th is B ank, th e sealed envelopes c o n ta in in g th e b allots w ill be opened, th e votes counted a n d checked b y tellers, an d th e re su lts of th e election an nounced. T he c an d id ates m ay, if th e y so desire, be p re se n t or re p re se n te d on th is occasion. Because banks in Groups 2 and 3 will not vote in this election, this circular is sent to them without forms and for their information only. A lb er t L. N ic k e r s o n , Chairman of the Board. * As indicated in Circular No. 6613, dated October 7, 1970, section 4 of the Federal Reserve Act, as amended, provides that whenever any member banks within the same Federal Reserve D istrict are subsidiaries of the same bank holding company within the meaning of the Bank Holding Company Act of 1956, participation in the nomination or election of directors of Federal Reserve Banks by such member banks, including such bank holding company if it is also a member bank, shall be confined to one of such banks, which may be designated for the purpose by such holding company. Consequently, the ballot of any bank in Group 1 affected by this provision of law cannot be counted as valid unless there is on file with me evidence that such bank has been so designated. Candidate for Class A Director W IL L IA M S. R E N C H A R D , N E W Y O R K , N. Y . C h airm an of the B oard C hem ical B ank, New Y ork, N. Y. W i l l i a m S. R e n c h a r d , w as b o rn in T ren to n , N. J ., 011 J a n u a r y 1, 1 9 0 8 . H e received an A .B . degree fro m P rin c e to n U n iv e rsity in 1 9 2 8 . M r. R e n c h a rd began his business career in 1928 w ith the N atio n al B an k of Commerce in New Y ork C ity an d , tw o y e a rs la te r, jo in e d C hem ical B ank. I n F e b ru a ry 1960 he w as a p p o in te d p re sid e n t of the bank a n d in J a n u a r y 1966 becam e ch a irm a n of th e board. H e p re se n tly serves as ch airm an a n d a d irec to r of C hem ical B ank, Chem ical N ew Y o rk C o rp o ratio n , Chem ical In te rn a tio n a l B an k in g C orporation, and C hem ical I n te rn a tio n a l F in a n c e , L td ., a n d as a d ire cto r of Chem ical O verseas F in a n c e C orporation, B erm u d a. H e served on active d u ty as a lie u te n a n t in th e U.S. N aval R eserve fro m 1943 to 1945 an d was a m em ber of th e N avy P ric e A d ju s tm e n t B o a rd in 1945. M r. R e n c h a rd is a d ire c to r of The A rm stro n g R u b b er C om pany, B orden, Inc., F oote M in eral C om pany, a n d th e New Y o rk L ife In su ra n c e C om pany. H e is a tru ste e of th e C onsolidated E d iso n C om pany of N ew Y ork, In c. A ctiv e in com m unity affairs, M r. R e n c h ard is a m em ber of th e E x ecu tiv e Com m ittee of the B e tte r B usiness B u re a u of M e tro p o lita n New Y ork, a m em ber of th e E x ecu tiv e Com m ittee of th e New Y ork C ham ber of Comm erce, In c., a d ire c to r of th e U n ite d F u n d of G re a te r New Y ork, Inc., ch airm an of U n ited S tu d e n t A id F u n d s , In c., vice p re sid e n t of the C itizens B u d g et Commission, Inc., an d a m em ber of th e New Y o rk C ity A d v iso ry B o a rd of The S alv atio n A rm y. H e also serves as p re sid e n t of th e M a n h a tta n E y e, E a r & T h ro a t H o sp ita l in New Y o rk C ity. Nominated by the following member banks in Group 1 NEW YOKK Place Buffalo New York City Manhattan Name of Bank or Trust Company Marine Midland Bank —Western The Bank of New York Bankers Trust Company The Chase M anhattan Bank (National Association) Chemical Bank F irst National City Bank Irving Trust Company Manufacturers Hanover Trust Company Morgan Guaranty Trust Company of New York Candidate for Class B Director W . D. E B E R L E , N E W Y O R K , N. Y . P re s id e n t a n d C hief E x ecu tiv e Officer A m erican S ta n d a rd Inc., New Y ork, N. Y. W . D. E b e r l e was b o rn in Boise, Id ah o , on J u n e 5, 1923. H e received a B .A . degree fro m S ta n fo rd U n iv e rsity in 1945, a n M .B.A . degree fro m H a r v a r d U n iv e rsity G ra d u a te School of B usiness in 1947, an d an L L .B . degree fro m H a rv a rd L aw School in 1949. P r io r to jo in in g A m erican S ta n d a rd as a d irecto r in J u ly 1966, M r. E b erle w as an officer a n d d ire c to r of Boise C ascade C o rp o ratio n . H e was a p a r tn e r in th e law firm of R ichards, H a g a & E b e rle , of Boise, Idaho , fro m 1950 to 1960. H e w as n am ed p re sid e n t of A m erican S ta n d a rd in S eptem ber 1966, becom ing its chief executive officer in A p ril 1967. M r. E b e rle is a d ire c to r of th e A tla n tic G roup of In su ra n c e C om panies, P P G In d u strie s, a n d H ew le tt-P a c k a rd C om pany. H e is co-chairm an of th e N atio n al U rb a n C oalition, a d ire c to r of the N atio n a l In d u s tria l C onference B oard, a tru ste e of th e C om m ittee fo r E conom ic D evelopm ent an d th e A fric a n A m erican In s titu te , a n d a m em ber of th e b o a rd of ad visers of th e S ta n fo rd G rad u a te School of B usiness. M r. E b e rle is now a class B d ire c to r of th e F e d e ra l R eserve B a n k of New Y ork, h av in g been elected, on S eptem ber 10, 1970, fo r th e u n e x p ire d p o rtio n of the te rm en d in g D ecem ber 31, 1970. Nominated by the following member banks in Group 1 NEW YORK Place Buffalo New York City Manhattan Name of Bank or Trust Company Marine Midland Bank — Western The Bank of New York Bankers Trust Company The Chase Manhattan Bank (National Association) Chemical Bank F irst National City Bank Irving Trust Company Manufacturers Hanover Trust Company Morgan Guaranty Trust Company of New York 3 1970 Election of Directors List of 12 Member Banks in Group 1 (Group 1 consists of member banks with capital and surplus of more than $65,000,000, on October 7, 1970) NEW YORK Place Name of Bank or Trust Company Officers Authorized to Cast Vote Buffalo Marine Midland Bank — W e s t e r n ...............................Chairman of the Board, President, or any Senior Vice President Mineola Franklin National B a n k ...........................................President, any Vice President, or Cashier New York City Manhattan The Bank of New Y o r k .................................................Chairman of the Board, President, Senior Executive Vice President, or any Execu tive Vice President Bankers Trust C o m pany.................................................President, or any Vice President The Chase Manhattan Bank (National Association) . Chairman of the Board, President, Vice Chairman of the Board, any Vice Presi dent, or Secretary Chemical B a n k ...................................................................Chairman, President, any Executive Vice President, or Secretary F irst National City B a n k ...........................................Chairman, President, Chairman of the Executive Committee, any Vice Chair man, any Executive Vice President, Cashier, any Senior Vice President, or any Vice President Irving Trust C o m p a n y .................................................Chairman, President, any Executive Vice President, or any Vice President Manufacturers Hanover Trust Company . . . . Chairman of the Board, President, or any Vice President Marine Midland Bank — New Y o r k * ........................ Chairman of the Board, President, Chair man of the Executive Committee, or any Executive Vice President Queens Jamaica Morgan Guaranty Trust Company of New York Chairman, a Vice Chairman, President, any Vice President, Cashier, or Secretary National Bank of North America Chairman or any Vice Chairman, Presi dent, any Vice President, or Cashier * Formerly Marine Midland Grace Trust Company of N ew York. 4
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