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FEDERAL RESERVE BANK
OF NEW YORK
["Circular No. 811~|
|_October 8, 3927.J
Election of Directors
To the Member Banks in District No. 2:
An election will be held under the provisions of Section 4 of the Federal Reserve Act to choose
successors to the following directors of this bank whose terms expire December 31, 1927: Class A director,
DELMEB RUNKLE, President, Peoples National Bank, Hoosick Falls, New York, and Class B director,
SAMUEL W. REYBURN, President, Associated Dry Goods Corporation and Lord & Taylor, New York.
Both directors were elected by banks in Group 3 and their successors will be chosen by this group.
The banks in Groups 1 and 2 do not elect directors this year.
Group 1 consists of banks having capital and surplus in excess of $1,999,000.
Group 2 consists of banks having capital and surplus not exceeding $1,999,000 and not below $201,000.
Group 3 consists of banks having capital and surplus below $201,000. (Listed on Page 2).
Each bank in Group 3 is permitted to nominate a candidate for Class A director and a candidate for
Class B director.* The nomination must be made by resolution of the board of directors and certified to
me on or before November 10, 1927. A form for this purpose is enclosed. On November 12, 1927, a list of
the candidates (indicating by whom nominated) and a preferential ballot will be mailed to each bank in the
group mentioned. The ballot must be cast within 15 days after receipt. The polls will open on November 15
and close at 3 p.m. on December 1, 1927. At that time the ballot box will be opened in the Board room of
this bank, the votes counted, and results of the election announced. Any of the candidates is invited to
be present or represented on that occasion.
In order to be counted, the ballot must be executed by the officer authorized to cast the vote. On thp
following pages are given the names of officers heretofore designated for this purpose. Inasmuch as the
authority conferred on these officers continues until revoked, they need not be reappointed. Each bank
that has not designated such an officer, or any bank that desires to change its authorization, should do so
by resolution of its board of directors and certify the appointment to me before the polls close. A form
for this purpose is furnished herewith.
While the banks in Groups 1 and 2 will not vote in this election, this circular is sent to them without
forms for their information.
Respectfully,
GATES W. MCGABRAH,
Chairman of the Board.
* Section 4 of the Federal Reserve Act provides that ' ' Class A shall consist of three members, who shall be chosen
by and be representative of the stockholding bunks. . . 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 membcT
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.''
' ' 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. . . No director of Class B shall be an officer, director or employe
of any bank."
"No Senator or Eepresentative in Congress shall be a member of the Federal Reserve Board or an officer or a
director of a Federal Reserve Bank."
In a resolution adopted December 23, 1915, the Federal Reserve Board 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 apirit
and underlying principles of the Federal Reserve Act, serve as directors or officers of Federal Reserve Banks.'' OD
December 28, 1915, the Federal Reserve Board resolved that "national bank examiners shall not hereafter be elected • • •
to directorships in Federal Reserve Banks." Under date of July 2, 1925, the Federal Reserve Board advised it has "reached
the conclusion that a person whose sole occupation is that of officer of an insurance company is not eligible for election as a
Class B director of a Federal Reserve Bank."
1927 Election of Directors
List of 518 Banks Composing Group 3, Second Federal Reserve District
CONNECTICUT
Place
Bethel
East Port Chester
Greenwich
New Canaan
Ridgefield
Bank or Trust Company
Bethel National Bank
The Byram National Bank
First National Bank
First National Bank
First National Bank & Trust Co
Capital
and Surplus
$40,000
70,626
150,000
150,000
100,000
Designated Voting Officer
E. B. Lawrence, President
NEW JERSEY
Allendale
Allenhurst
Alpha
Atlantic Highlands
Avon-by-the-Sea
Belmar
Belvidere
Bergenfield
Bernardsville
Blairstown
Blairstown
Bloomfield
Bloomfield
Bloomingdale
Bloomsbury
Bogota
Bogota
Boonton
Boonville
Bradley Beach
Branch ville
Caldwell
Caldwell
Carlstadt
Carteret
Carteret
Cliffside Park
Clifton
Clifton
Clinton
Clinton
Closter
Cranbury
Cranford
Dumont
Dunellen
East Rutherford
Eatontown
Edgewater
Englishtown
Fairview
Fanningdale
Fords
Fort Lee
Fort Lee
Fort Lee
Franklin
Freehold
Freehold
First National Bank .
Allenhurst National Bank .
Alpha National Bank . . .
Atlantic Highlands National Bank
First National Bank
First National Bank .
Belvidere National Bank
Bergenfield National Bank .
Bernardsville National Bank
First National Bank .
Peoples National Bank
Community Trust Company
Watsessing Bank .
.
.
.
First National Bank .
Citizens National Bank
Bank of Bogota .
.
.
.
Bogota National Bank
Boonton Trust Company .
First National Bank . . .
First National Bank .
First National Bank .
Caldwell National Bank
Citizens National Bank & Trust Co.
Carlstadt National Bank
Carteret Trust Company .
First National Bank .
Cliffside Park National Bank .
Clifton National Bank
First National Bank . . . ,
Clinton National Bank
First National Bank .
Closter National Bank & Trust Co. .
First National Bank .
First National Bank .
Dumont National Bank
First National Bank .
First National Bank . .
. .
First National Bank .
First National Bank .
First National Bank .
.
First National Bank
First National Bank
Fords National Bank .
First National Bank .
Fort Lee Trust Company .
Palisade National Bank
Sussex County Trust Company
Central National Bank
First National Bank
75,000
60,000
35,000
150,000
67,500
100,000
200,000
150,000
150,000
75,000
75,000
150,000
200,000
125,000
100,000
160,000
100,000
150,000
100,000
90,000
75,000
200,000
200,030
200,000
125,000
200,000
175,000
150,000
175,000
150,000
70,000
200,000
200,000
125,000
90,000
150,000
70,000
50,000
75,000
40,000
110,000
42,000
50,000
75,000
150,000
75,000
200,000
150,000
150,000
Charles Van Mater, President
E. F. Lyman, Jr., Cashier
Walter Christie, President
R. F. Randolph, Vice President
Theo. B. Dawes, President
Raymond Smith, Cashier
Allison Dodd, President
Edwin Shipman, Cashier
J. E. Greer, Cashier
Wm. C. Salmon, President
M. L. Bond, Cashier
John Zahn, President
Isaac Alpern, Vice President
Robert Carson, President
F. W. Jacoby, Cashier
B. V. Leigh, President
Johnson V. Aller, Vice President
E. S. Barclay, President
John E. Fisher, President
Otto Applegate, President
Lewis P. Bodine, Cashier
Fred Geiger, President
E. O. Murphy, Cashier
Abel Hansen, President
Fulton R. Hardman, Cashier
Joseph C. Howell, President
Arthur J. Hughes, Cashier
G. A. Denise, President
J. W. S Campbell, President
-
1927 Election oi Directors
List of 518 Banks Composing Group 3, Second Federal Reserve District
N E W J E R S E Y — Con tinned
Place
Freehold
Frenchtown
Garwood
Glen Ridge
Glen Rock
Guttenberg
Hackensack
Hackettstown
Haledon
Hamburg
H a s b r o u c k Heights
Hawthorne
High Bridge
Highland Park
HiUsdale
Hillside
Hope
Irvington
Jamesburg
Keansburg
Keyport
Lambertville
Little Falls
Little F e r r y
Livingston
Lyndhurst
Madison
Manasquan
Manville
Matawan
Metuchen
Midland Park
Milford
Milltown
Montctair
Netcong
N o r t h Arlington
N o r t h Bergen
Nutley
Nutley
Ocean Grove
Oradell
Palisades P a r k
Palisades P a r k
Park Ridge
Perth Amboy
Prospect P a r k
Rahway
Ridgefield
Ridgefield P a r k
Ridgefield P a r k
Ridgewood
Rockaway
Sea B r i g h t
Secaucus
Somerville
South Amboy
South Plainfield
s
Bank or T r u s t C o m p a n y
National Freehold Banking C o m p a n y
Union N a t i o n a l Bank .
.
.
.
First N a t i o n a l Bank
.
.
.
.
Glen Ridge T r u s t C o m p a n y
First N a t i o n a l B a n k
.
.
.
.
Liberty National B a n k
C i t y N a t i o n a l Bank
.
.
.
.
Peoples National Bank
Haledon National Bank
H a r d y s t o n National B a n k .
Bank of Hasbrouck Heights
First N a t i o n a l B a n k
.
.
.
.
First N a t i o n a l Bank
.
.
.
.
First N a t i o n a l Bank
.
.
.
.
Hillsdale N a t i o n a l B a n k
Hillside National Bank
First N a t i o n a l Bank
.
.
.
.
Peoples National Bank
First N a t i o n a l Bank
.
.
.
.
K e a n s b u r g National B a n k .
Peoples National B a n k
Amwell National Bank
Little Falls National B a n k .
Little F e r r y National B a n k .
Livingston National B a n k .
First N a t i o n a l B a n k
.
.
.
.
First N a t i o n a l Bank
.
.
.
.
M a n a s q u a n National B a n k .
Manville N a t i o n a l B a n k
F a r m e r s & M e r c h a n t s National B a n k
M e t u c h e n National B a n k .
First N a t i o n a l Bank
.
.
.
.
First N a t i o n a l Bank
.
.
.
.
First N a t i o n a l Bank
.
.
.
.
Montclair N a t i o n a l B a n k .
Citizens N a t i o n a l Bank
N o r t h Arlington National B a n k .
First N a t i o n a l Bank
.
.
.
.
First N a t i o n a l Bank
.
.
.
.
Franklin N a t i o n a l B a n k
Ocean Grove National B a n k
First National Bank
.
.
.
.
Morsemere T r u s t C o m p a n y
Palisades P a r k National Bank .
First N a t i o n a l Bank
.
.
.
.
Raritan Trust Company
Prospect P a r k National Bank .
Citizens N a t i o n a l Bank
Ridgefield N a t i o n a l Bank .
Overpeck T r u s t C o m p a n y .
Ridgefield P a r k T r u s t C o m p a n y
Ridgewood T r u s t C o m p a n y
First National Bank
.
.
.
.
First N a t i o n a l B a n k
.
.
.
.
First N a t i o n a l Bank
.
.
.
.
Second N a t i o n a l Bank
First National Bank
.
.
.
.
First N a t i o n a l Bank
.
.
.
.
Capital
and Surplus
200,000
175,000
29,351
150,000
75,000
150,000
200,000
200,000
62,500
100,000
115,000
150,000
75,000
150,000
60,000
200,000
35,000
155,000
100,000
75,000
90,000
172,000
170,000
54,000
70,000
150,000
200,000
100,000
75,000
150,000
150,000
75,000
100,000
150,000
150,000
150,000
62,500
120,000
200,000
125,000
175,000
62,500
125,000
100,000
65,000
150,000
75,000
125,000
137,500
200,000
200,000
200,000
200,000
73,000
120,000
200,000
200,000
73,507
Designated Voting Officer
Harry J. Able, President
Herbert V. Widman, Cashier
F. S. Flagg, President
M. T. Voorhees, Cashier
Clinton B. Lohsen, Cashier
Frank V. Van Hart, Cashier
W. G. McClincey, President
W. H. Barton, President
John Hulsart, Cashier
Henry S. Terhune, President
Henry P. Turnbull, Vice President
B. R. Colwcll, President
N. J. Taylor, President
J. Van Dyke Hyde, President
Bernard C. Diekman, President
Cornelius Doremus, President
Clarence L. Millard, President
Raymond W. Fary, Cashier
Lewis P. Huber, President
D. C. Chase, Vice President
Peter J. Miller, Cashier
1927 Election of Directors
List of 518 Banks Composing Group 3, Second Federal Reserve District
NEW JERSEY—Continued
Place
Springfield
Tenafly
Teaneck
Sussex
Union
Weehawken
West Englewood
Westfield
West Orange
West Paterson
Westwood
Westwood
Wharton
Whitehouse Station
Woodbridge
Woodbridge
Wyckoff
Capital
and Surplus
Bank or Trust Company
First National Bank .
Northern Valley National Bank.
Teaneck National Bank
Farmers National Bank
Union Center National Bank
Hamilton National Bank .
West Englewood National Bank
National Bank of Westfield.
West Orange Trust Company .
West Side National Bank .
First National Bank .
Westwood Trust Company
First National Bank .
First National Bank .
First National Bank
Woodbridge National Bank
First National Bank
70,000
150,000
60,000
200,000
75,000
150,000
85,000
150,000
172,638
112,500
200,000
140,000
75,000
100,000
200,000
75,000
50,000
Designated Voting Officer
F. W. Margar im, President
John R. Buchanan, President
Bertram E. Sherman, President
Lloyd Thompson, President
A. E. Whitehouse, President
Wm. H. Reger, President
Thomas B. Murray, Cashier
John B. Zabriskie, President
NEW YORK
Adams
Addison
Alton
Albion
Allegany
Alexandria Bay
Altamont
Amenia
Andes
Andover
Angola
Arcade
Ardsley
Argyle
Athens
Atlanta
Aurora
Avoca
Babylon
Bainbridge
Baldwin
Baldwin
Baldwins ville
Ballston Spa
Barker
Barneveld
Batavia
Bath
Bay Shore
Beacon
Beacon
Belfast
Bellmore
Bellport
Belmont
Blasdell
Bliss
Fanners National Bank
.
.
.
.
First National Bank
First National Bank
Orleans County Trust Company
First National Bank
First National Bank of Thousand Islands
First National Bank
First National Bank
National Bank of Andes
.
.
.
.
Burrows National Bank
.
.
.
.
Evans National Bank
First National Bank
First National Bank
First National Bank
Athens National Bank
.
.
.
.
Atlanta National Bank
.
.
.
.
First National Bank
Bank of Avoca
Babylon National Bank and Trust Co.
First National Bank
Baldwin National Bank
.
.
.
.
Sunrise National Bank
First National Bank .
.
.
.
.
First National Bank
Somerset National Bank
First National Bank of Trenton.
Bank of Genesee
Bath National Bank
First National Bank
Fishkill National Bank
.
.
.
.
Matteawan National Bank .
.
.
.
First National Bank
First National Bank
Bellport National Bank
.
.
.
.
State Bank of Belmont
.
.
.
.
Bank of Blasdell
Bliss National Bank
4
200,000
140,000
75,000
110,000
85,000
100,000
100,000
130,000
40,000
50,000
90,000
50,000
34,000
65,000
90,000
35,000
100,000
100,000
150,000
150,000
125,000
93,500
180,000
200,000
90,000
30,000
200,000
200,000
150,000
200,000
160,000
42,500
50,000
45,000
100,000
40,500
37,000
Ray S. Brown, President
C. W. Guy, Cashier
J. Ray McAuliffe, Cashier
Chas. U. Putnam, President
George G. Stephenson, President
John E. Cannon, Cashier
Geo. L. Peck, Cashier
Fred J. Land, Cashier
W. F. Norton, President
Ralph W. Kirby, President
R. B. Orvis, Cashier
Glenn P. Dodge, Cashier
Robert C. Turnbull, President
T. H. De Laire, Cashier
Ralph S. Tompkins, President
W. W. Dort, President
Gilbert E. Reddall, Cashier
Charles M. McGurren, Cashier
^
1927 Election o! Directors
List of 518 Banks Composing Group 3, Second Federal Reserve District
NEW YORK—Continued
Place
Bolton Landing
Boonville
Brasher Falls
Brewsters
Bridgehampton
Brockport
Brooklyn
Brushton
Cairo
Caledonia
Cambridge
Camden
Canajoharie
Canastota
Candor
Canisteo
Carmel
Carthage
Castleton on Hudson
Cato
Cazenovia
Cedarhurst
Central Islip
Central Park
Central Square
Central Valley
Champlain
Chappaqua
Chateaugay
Chatham
Cherry Creek
Cherry Valley
Chester
Clayton
Clayton
Clayville
Clifton Springs
Clinton
Clyde
Cold Spring
Conewango Valley
Cooperst »wn
Copenhagen
Corinth
Cornwall
Cortland
Coxsackie
Croghan
Croton on Hudson
Cuba
Cuba
Cutchogue
Dansville
Depew
Deposit
Dexter
Dolgeville
Douglas'on
Capital
and Surplus
Bank or Trust Company
Bolton National Bank
.
National Exchange Bank .
Brasher Falls National Bank
First National Bank
Bridgehampton National Bank .
First National Bank
Guardian National Bank of New York
First National Bank
First National Bank
First National Bank
Cambridge Valley National Bank
First National Bank & Trust Company .
Canajoharie National Bank
First National Bank
First National Bank
First State Bank
Putnam County National Bank.
National Exchange Bank .
National Exchange Bank
.
.
.
.
First National Bank
Cazenovia National Bank .
Peninsula National Bank .
.
.
.
Central Islip National Bank
Central Park National Bank
First National Bank
Central Valley National Bank .
First National Bank
Chappaqua National Bank
First National Bank
State Bank
Cherry Creek National Bank
National Central Bank
.
Chester National Bank
.
First National Bank
National Exchange Bank
.
.
.
.
National Bank of Clayville
Ontario National Bank
.
.
.
.
Hayes National Bank
Briggs National Bank
National Bank of Cold Spring-on-Hudson
Conewango Valley National Bank
Cooperstown National Bank
Copenhagen National Bank
Corinth National Bank
.
.
.
.
Cornwall National Bank
.
.
Second National Bank
.
.
.
.
National Bank of Coxsackie
Croghan National Bank
.
.
.
.
First National Bank
Cuba National Bank
First National Bank
First National Bank
Merchants <fc Farmers National Bank
Bank of Depew
Farmers National Bank
.
.
.
.
First National Bank
First National Bank
Douglaston National Bank of New York
.
.
.
.
62,500
125,000
50,000
165,000
80,000
100,000
150.000
70,000
30,000
90,000
100,000
150,000
200,000
100,000
70,000
89,000
70,000
150,000
50,000
75,000
75,000
200,000
35,000
62,500
100,000
110,000
200,000
55,000
150,000
200,000
55,000
60,000
200,000
65,000
150,000
30,000
100,000
75,000
100,000
60,000
40,000
82,000
50,000
85,000
100,000
200,000
125,000
75,000
100,000
175,000
175,000
50,000
140,000
150,000
90,000
60,000
200,000
125,000
Designated Voting Officer
J. B. McNulty, Cashier
Henry H. Wells, President
Thomas C. Gordon, President
Irving Peck, President
M. M. Parrish, President
D. J. Dorrance, President
J. H. Cook, Asst. Cashier
Wm. B. Smith, President
Clayton Ryder, President
George S. Schermerhorn, Cashier
C. C. Adams, President
Vern L. Furman, Cashier
O. J. Cook, Cashier
Frank Whiteside, President
F. P. Kennedy, Cashier
Edward C. White, President
Miss Nora B. Lake, Cashier
Leonard Dakin, President
W. C. Boulton, Cashier
D. M. Warner, President
Wm. A. Hunt, President
Coryell Clark, President
E. A. Bagg, President
Edward D. Lindsay, Cashier
Wm. J. Burnham, President
J. S. Holloran, Cashier
E. Alley, President
Henry A. Jordan, Cashier
F. Nortz, President
C. A. Ackerly, President
Raymond E. Tuthill, Cashier
E. J. Nash, President
E. D. Cumming, President
John J. Griffith, Cashier
1927 Election of Directors
List of 518 Banks Composing Group 3, Second Federal Reserve District
NEW YORK— Continued
Place
Dover Plains
Downsville
Dryden
Dundee
Earlville
East Aurora
East Hampton
East Islip
East Northport
East Rochester
East Rockaway
East Setauket
Edmeston
Edwards
Ellenville
Ellenville
Elmsford
Endicott
Endicott
Endicott
Fair Haven
Fairport
Falconer
Farmingdale
Farmingdale
Fleischmanns
Floral Park
Floral Park
Florida
Fonda
Forestville
Fort Edward
Frankfort
Franklin
Franklin Square
Franklin ville
Fredonia
Freeport
Friendship
Fultonville
Gainesville
Gasport
Genoa
Germantown
Glen Head
Goshen
Grand Gorge
Granville
Gran ville
Granville
Great Neck Station
Greene
Greenport
Greenport
Greenwich
Greenwood
Groton
Hamden
Capital
and Surplus
Bank or Trust Company
Dover Plains National Bank
First National Bank
First National Bank
Dundee National Bank
First National Bank
Bank of East Aurora
East Hampton National Bank
First National Bank
Citizens National Bank
First National Bank
East Rockaway National Bank
Tinker National Bank
First National Bank
Edwards National Bank
First National Bank
Home National Bank
First National Bank
Endicott National Bank
State Bank of Endicott
Farmers National Bank of Union
.
Fair Haven National Bank
Fairport National Bank & Trust Co.
First National Bank
Bank of Farmingdale
First National Bank
First National Bank of Griffin Corners
First National Bank & Trust Co
Floral Park Bank
Florida National Bank
National Mohawk River Bank
First National Bank
Fort Edward National Bank
Citizens First National Bank
First National Bank
Franklin Square National Bank
.
Union National Bank
National Bank of Fredonia
Citizens National Bank
. .
Union National Bank
Fultonville National Bank
Gainesville National Bank
First National Bank
•
First National Bank
Germantown National Bank
First National Bank
Goshen National Bank
First National Bank
Farmers National Bank
Granville National Bank
Washington County National Bank .
First National Bank
First National Bank
First National Bank
Peoples National Bank
First National Bank
First National Bank
First National Bank
First National Bank
.
.
.
120,000
60,000
50,000
63,500
100,000
200,000
100,000
65,000
30,000
125,000
62,500
39,500
100,000
50,000
100,000
150,000
60,000
110,000
200,000
150,000
28,500
150,000
100,000
Designated Voting Officer
E. G. Reynolds, President
A. H. Griffith, Cashier
G. S. Shattuck, President
R. S. Persons, President
Hiram Sherrill, President
Andrew H. Bown, President
U. G. Welch, President
George F. Andrews, President
D. C. Warner, President
John M. Payne, Cashier
90,000
.
.
.
.
.
.
150,000
45,000
130,000
150,000
50,000
200,000
32,500
120,000
150,000
80,000
58,967
175,000
200,000
200,000
125,000
60,000
50,000
50,000
50,000
62,500
60,000
80,000
100,000
190,000
60,000
140,000
90,000
60,000
100,000
110,000
100,000
60,000
140,000
64,250
J. F. Michel, President
Herbert Lasher, Vice President
Walter I. Sherman, Cashier
Edward L. Frost, President
John K. Roe, President
J. J. Veeder, Cashier
E. C. Steward, President
A. P. Chessman, President
Frank R. Utter, President
Irving G. Botsford, Cashier
C. J. Mack, President
J. D. Atwater, President
J. R. Du Bois, Cashier
Eugene B. Deyoe, President
H. J. Stevens, Vice President
D. D. Woodard, President
Earl W. Camp, Cashier
G. C. Adams, President
Judson Edie, President
W. B. Gale, Cashier
-
1927 Election oi Directors
List of 518 Banks Composing Group 3, Second Federal Reserve District
NEW YORK—Continued
Place
Hamilton
Hammond
Hammondsport
Hampton Bays
Hancock
Hankins
Harrison
Harrisville
Hartsdale
Hartwick
Hastings-on-Hudson
Haverstraw
Heuvelton
Hempstead
Hermon
Hick8ville
Highland
Hobart
Holcomb
Holland Patent
Homer
Hoosick Falls
Hoosick Falls
Horseheads
Hudson Falls
Huntington
I lion
Ilion
Irvington
Interlaken
Inwood
Islip
Jeffersonville
Jordan
Katonah
Keeseville
Kerhonkson
Kings Park
Lackawanna
Lacona
Lake George
Lancaster
Liberty
Liberty
Lindenhurst
Lisbon
Lisle
Little Neck
Livingston Manor
Livonia
Long Beach
Lowville
Lynbrook
Lyons
Lyons
Lyons Falls
Macedon
Mahopac
i
\
Capital
and Surplus
Bank or Trust CompanyNational Hamilton Bank .
Citizens National Bank
Bank of Hammondsport
Hampton Bays National Bank .
First National Bank .
First National Bank
First National Bank
First National Bank
Hartsdale National Bank
Hartwick National Bank
First National Bank
National Bank of Haverstraw & Trust
First National Bank
Second National Bank
First National Bank .
. .
Long Island National Bank
. .
First National Bank
National Bank of Hobart
Hamlin National Bank
First National Bank
Homer National Bank
First National Bank
Peoples National Bank
First National Bank
Hudson Falls National Bank
. .
First National Bank
Ilion National Bank
Manufacturers National Bank . .
Irvington National Bank
Wheeler National Bank
First National Bank
First National Bank
First National Bank
Jordan National Bank
Northern West Chester Bank
Keeseville National Bank .
Kerhonkson National Bank
Kings Park National Bank
American Bank
. . . .
First National Bank .
First National Bank .
Citizens National Bank
National Bank of Liberty .
Sullivan County National Bank.
First National Bank .
First National Bank
First National Bank .
Little Neck National Bank
Livingston Manor National Bank
Stewart National Bank
National City Bank
Black River National Bank
Peoples National Bank & Trust Co.
Gavitt National Bank .
Lyons National Bank .
Lyons Falls National Bank
First National Bank .
Mahopac National Bank .
132,000
45,000
100,000
75,000
•
Company
.
.
• .
.
.
•
.
.
175,000
30,000
55,000
52,000
70,000
65,000
100,000
200,000
75,000
125,000
65,000
120,000
200,000
200,000
100,000
60,000
100,000
200,000
200,000
130,000
80,000
150,000
200,000
125,000
125,000
62,500
125,000
175,000
85,000
31,000
75,000
150,000
60,000
63,750
135,000
60,000
75,000
175,000
200,000
200,000
50,000
50,000
50,000
125,000
50,000
100,000
125,000
200,000
150,000
135,000
90,000
37,500
27,500
35,000
Designated Voting Officer
Charles J. Griswold, President
Robert Smith, Vice President
W. E. Hunter, Cashier
William J. Merwin, President
P. F. Gottschalk, President
Fred E. Whipple, Cashier
H. N. Wood, President
Geo. N. Risley, Cashier
J. R. Stevenson, President
Randolph H. Miller, President
Ira J. Wood, President
Fred N. Stevens, Vice President
F. J. Campbell, President
John F. Wood, President
Grosvenor W. Heacock, Pres.
R. G. Abercrombie, President
W. F. Rhinehart, Cashier
Eugene R. Smith, President
V. Scheidell, President
Ellery T. Delling, Cashier
Edwin Tatham President
John E. Balbierz, Cashier
Jerome N. Hubbell, President
Joseph F. Schaefer, President
Frank E. Bridges, President
R. A. Monroe, President
L. F. Cleland, President
Harry D. French, Cashier
Guy H. Brunstetter, Cashier
Frederick S. Easton, President
S. B. Gavitt, President
F. W. Chamberlain, President
George J. Porter, President
1927 Election of Directors
List of 518 Banks Composing Group 3, Second Federal Reserve District
"
NEW YORK— Continued
Malone
Manhasset
Marathon
Marcellus
Margaretville
Mariner Harbor
Marion
Marlboro
Massena
Maybrook
Mechanicville
Mechanicville
Merrick
Mexico
Middleburg
Middleport
Middleport
Middleville
Milford
Millbrook
Millerton
Milton
Mineola
Mohawk
Monroe
Montgomery
Montour Falls
Morris
Morristown
Morrisville
Mount Kisco
Mount Kisco
Mount Morris
Narrowsburg
Newark
Newark Valley
New Berlin
New Hartford
New Paltz
Newport
Niagara Falls
Nichols
Norfolk
North Creek
Northport
North Rose
North Syracuse
North Tarrytown
Nyack
Oceanside
Old Forge
Olean
Oneonta
Orchard Park
Oriskany Falls
Ossining
Oswego
Ovid
Citizens National Bank
First National Bank
First National Bank
First National Bank
Peoples National Bank
Mariner Harbor National B a n k . . . .
First National Bank
First National Bank
First National Bank & Trust Co.
.
.
.
Maybrook National Bank
First National Bank
Manufacturers National Bank .
.
.
.
First National Bank
First National Bank
First National Bank
Community Trust Company .
.
.
.
First National Bank
Middleville National Bank
.
.
.
.
Milford National Bank
Bank of Millbrook
Millerton National Bank
First National Bank
First National Bank
National Mohawk Valley Bank
Monroe National Bank
National Bank of Montgomery
. . . .
Montour National Bank
First National Bank
Frontier National Bank
First National Bank .
.
.
.
Mount Kisco National Bank & Trust Company
Trust Company of Northern Westchester
Genesee River National Bank .
.
.
.
First National Bank
First National Bank
First National Bank
National Bank of New Berlin .
.
.
.
First National Bank
Huguenot National Bank
National Bank of Newport
.
.
.
.
Falls National Bank
Nichols National Bank
First National Bank
North Creek National Bank
.
.
.
.
First National Bank
First National Bank
North Syracuse National Bank .
.
.
.
First National Bank
Rockland County Trust Company .
Oceanside National Bank
First National Bank
Olean Trust Company
. . . . . .
Citizens National Bank & Trust Company
Bank of Orchard Park
First Trust & Deposit Company
First National Bank & Trust Co
.
.
.
Second National Bank & Trust Co. .
First National Bank
111,450
125,000
60,000
100,000
125,000
00,000
60,000
125,000
200,000
55,000
100,000
200,000
85,000
75,000
100,000
125,000
50,000
70,000
50,000
100,000
100,000
50,000
195,000
150,000
80,000
50,000
35,000
100,000
43,000
90,000
200,000
115,000
120,000
75,000
185,000
50,000
150,000
80,000
200,000
70,000
150,000
50,000
50,000
120,000
150,000
65,000
31,250
97,500
200,000
31,250
100,000
150,000
200,000
120,000
120,000
200,000
200,000
50,000
J. M. Cantwell, President
S. M. Powell, Vice President
C. G. Davis, Cashier
J. C. Parsons, President
Frank Kittle, Vice President
David L. Decker, Cashier
J. F. Wygant, President
John F. Shields, President
R. G. Moore, Cashier
Wm. L. Howland, President
John J. Mack, Cashier
Charles J. Armstrong, President
John F. Pingry, President
Frank A. Hotchkiss, President
George D. Smith, Vice President
Charles P. Wood, Cashier
Alex. Thompson, President
~
C. J. Smith, Cashier
James L. Smithers, President
H. C. Wood, President
H. R. Porter, Cashier
M. P. O'Connor, President
E. V. Peirson, President
Gordon C. Settle, Cashier
H. L. White, Cashier
S. F. Sherman, President
Easton Van Wagenen, Cashier
C. S. Wooster, Cashier
D. L. Setter, Cashier
S. C. Jamieson, Cashier
R. J. Martin, Cashier
H. A. Tellier, President
Frank R. Crumbie, President
Rufus H. Smith, President
T. H. Quinn, President
M. C. Hemstreet, Cashier
George L. Colby, Cashier
C. T. Young, President
Robert A. Downey, President
Patrick Savage, Cashier
1927 Election oi Directors
List of 518 Banks Composing Group 3, Second Federal Reserve District
NEW YORK—Continued
Capital
and Surplus
Place
Owego
Oxford
Painted Post
Palmyra
Patchogue
Pawling
Pearl River
Pearl River
Pelham
Perry
Perry
Phelps
Philmont
Pine Bush
Pine Plains
Pittsford
Plattsburg
Pleasantville
Poland
Port Byron
Port Henry
Port Jefferson
Port Leyden
Port Washington
First National Bank
First National Bank
Painted Post National Bank
First National Bank
Peoples National Bank
National Bank of Pawling
First National Bank & Trust Co . . . .
State Bank of Pearl River
Pelham National Bank
Citizens Bank
First National Bank
Phelps National Bank
First National Bank
Pine Bush National Bank
Stissing National Bank
Pittsford National Bank
First National Bank of Plattsburgh . . . .
First National Bank
Citizens National Bank
National Bank of Port Byron
Citizens National Bank
First National Bank
Port Leyden National Bank
Port Washington National Bank & Trust Company
200,000
150,000
50,000
70,000
135,000
200,000
200,000
62,300
150,000
150,000
120,000
100,000
80,000
68,000
75,000
40,000
200,000
100,000
100,000
35,000
200,000
100,000
50,000
200,000
Pottsdam
Pulaski
Pulaski
Ravena
Red Creek
Red Hook
Redwood
Rensselaer
Remsen
Rhinebeck
Richfield Springs
Ripley
Rockville Centre
Romulus
Roosevelt
Roscoe
Rouses Point
Roxbury
St. Regis Falls
Salem
Salem
Saranac Lake
Saranac Lake
Savannah
Savona
Sayyille
Schenevus
Schuylerville
Seaford
Sharon Springs
Sherburne
Sherrill
Sidney
Citizens National Bank
Peoples National Bank
Pulaski National Bank
First National Bank
Red Creek National Bank
First National Bank
Redwood National Bank
National Bank of Rensselaer
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
Romulus National Bank
First National Bank
First National Bank
First National Bank
National Bank of Roxbury
St. Regis Falls National Bank
Peoples National Bank
Salem National Bank
Adirondack National Bank & Trust Co. .
Saranac Lake National Bank
National Bank of Savannah
Savona National Bank
Oystennen's National Bank
Schenevus National Bank
National Bank of Schuylerville
Seaford National Bank
First National Bank
Sherburne National Bank
First National Bank
Peoples National Bank
200,000
62,000
150,000
50,000
67,000
200,000
75,000
125,000
40,000
150,000
200,000
75,000
175,000
30,000
81,250
200,000
87,500
100,000
50,000
120,000
120,000
200,000
118,000
30,000
30,000
150,000
80,000
90,000
62,500
75,000
200,000
30,000
100,000
Designated Voting Officer
J. C. Estelow, President
Lyman B. Hodgman, President
Fred C. Taber, Cashier
Christopher Bargfrede, President
John Tonner, President
G. M. Hendricks, Cashier
C. M. Smith, Cashier
William D. Page, President
Charles H. Garlock, President
S. Vernooy, President
Wm. B. Jordan, Jr., Cashier
C. S. Johnson, President
Stephen R. Brayton, President
Benjamin W. Mott, President
G. W. Niece, Cashier
Daniel M. Croucher, Vice Pres &
Cashier
F. L. Burdhk, Cashier
F. A. Clark, Cashier
W. Winne Wolfe, Cashier
Mildred H. Bullock, Asst. Cashier
Joseph Griffing, President
L. M. Stotler, Cashier
H. W. Dunlap, Cashier
William H. Judson, Cashier
Geo. T. Brockway, President
J. W. Burrows, President
Daniel W. Brown, President
W. H. Peters, Cashier
John R. Myers, Vice President
Arthur F. Bonton, President
Frank S. Young, President
Henry A. Spallholz, President
John R. Freer, President
S. J. Appleyard, Cashier
Samuel P. Greene, President
George Lovell, Cashier
George U. Clausen, President
W. S. Sanford, President
B. C. Broadfoot, Cashier
1927 Election of Directors
List of 518 Banks Composing Group 3 , Second Federal Reserve District
NEW YORK— Continued
Place
Sidney
Silver Creek
Silver Creek
Silver Springs
Smithtown Branch
Sodus
South Fallsburg
South Glens Falls
South Otselic
Sparkill
Spring Valley
Springville
Stony Brook
Tannersville
Theresa
Ticonderoga
Trumansburg
Tuckahoe
Tully
Tupper Lake
Tuxedo
Unadilla
Unionville
Valley Stream
Vernon
Walden
Wallkjll
Wappingers Falls
VVarrensburg
Warsaw
Warwick
Washingtonville
Waterloo
Waterville
Watervliet
Watkins
Waverly
Waverly
Wayland
Weedsport
Wellsville
Westbury
Westbury
Westfield
West Hempstead
Westport
West Seneca
West Winfield
Whitehall
Whitehall
Whitesboro
Whites tone
Whitesville
Whitney Point
Williamsville
Williston Park
Willsboro
Windham
Capital
and Surplus
Bank or Trust Company
Sidney National Bank
First National Bank
Silver Creek National Bank
Silver Springs National Bank
Bank of Smithtown
First National Bank
South Fallsburg National Bank
.
First National Bank
Otselic Valley National Bank
First National Bank
Ramapo Trust Company
Citizens National Bank
Bank of Suffolk County
Mountains National Bank
Farmers National Bank
Ticonderoga National Bank
First National Bank
Crestwood National Bank
First National Bank
Tupper Lake National Bank
Tuxedo National Bank
Unadilla National Bank
First National Bank
Valley Stream National Bank
National Bank of Vernon
Third National Bank
Wallkill National Bank
National Bank of Wappingers Falls
Emerson National Bank
Trust Company of Wyoming County
First National Bank
First National Bank
First National Bank
National Bank of Waterville
National Bank of Watervliet
Glen National Bank
Citizens National Bank
First National Bank
First National Bank
First National Bank
Citizens National Bank
Bank of Westbury
Whcatley Hills National Bank
Grape Belt National Bank
West Hempstead National Bank
.
Lake Champlain National Bank
.
Seneca National Bank
West Winfield National Bank
Merchants National Bank
National Bank of Whitehall
Whitestown National Bank
First National Bank
First National Bank
First National Bank
Amherst Bank
Williston National Bank
Essex County National Bank
First National Bank
.
.
.
K)
.
.
.
.
.
.
175,000
120,000
200,000
50,000
75,000
100,000
100,000
75,000
170,000
75,000
135,000
150,000
75,000
75,000
60,000
200,000
75,000
60,000
100,000
100,000
150,000
100,000
55,000
175,000
100,000
125,000
30,000
50,000
200,000
120,000
150,000
75,000
100,000
175,000
200,000
100,000
150,000
200,000
100,000
75,000
200,000
150,000
100,000
60,000
75,000
65,000
65,000
50,000
130,000
150,000
30,000
175,000
50,000
50,000
130,000
70,000
50,000
35,000
Designated Voting Officer
Frank L. White, Vice President
Allen J. Diefendorf, President
J. S. Huntting, President
Herman L. Kelly, President
H. F. Blanchard, Cashier
Frank E. Cox, Cashier
Albert M. Austin, President
Ira H. Vail, President
George Hellen, Cashier
George P. Schwarz, Cashier
Charles S. Patterson, President
F. H. Meeker, President
Fred W. Muller, President
D. B. Case, President
Elmer C. Dell, President
F. N. Boyd, President
Wm. E. Garlick, President
Joseph C. Buxton, President
Charles D. Becker, President
John G. Clute, President
N. E. Durston, President
Frank M. Wall, Cashier
H. E. Hawxhurst, President
S. A. Warner Baltazzi, President
Norman T. Drake, Cashier
R. G. Hays, Cashier
H. L. Bloss, Cashier
William Denning, President
Joseph E. Zent, President
Eustis Paine, 1st Vice President
1927 Election of Directors
List of 518 Banks Composing Group 3, Second Federal Reserve District
NEW YORK—Continued
Place
Windsor
Winthrop
Wolcott
Woodmere
Woodridge
Capital
and Surplus
Bank or Trust Company
Windsor National Bank
First National Bank
First National Bank
Hewlett-Woodmere National Bank
First National Bank
.
.
11
.
.
50,000
50,000
125,000
65,000
80,000
Designated Voting Officer
W. S. Clifford, Cashier
H. G. Heyson, President
DESIGNATION of OFFICER AUTHORIZED to CAST VOTE of MEMBER BANK
DutrictNo.2
FEDERAL RESERVE BANK OF NEW YORK
At a meeting of the Board of Directors of the_
(NUM
duly called and held on the_..._
it was
"Resolved, that Mr
Croup No. 3
_
_
_
and Location of Bank)
day of—
- -
1927, on motion duly made and seconded
.....
_
the
_
(President, Cashier, or other officer)
of this bank be and he is hereby authorized, empowered, and directed to cast the vote of this Bank
for Class A and Class B directors of the Federal Reserve Bank of New York, in accordance with the
provisions of Section 4 of the Federal Reserve Act.
"Resolved further, that the authority hereby granted shall continue in force until revoked by the
directors of this bank, and that such authority heretofore conferred on any officer is hereby
revoked."
(Signature of Officer authorized to cast vote of Bank)
I hereby certify that the foregoing is a true and correct copy of the resolution of the Board of
Directors of this Association, duly adopted on the date specified. I further certify that the foregoing
signature is the signature of the officer named therein, who is authorized to cast the vote of this Bank.
(ATTACH SEAL HERE)
(To
To
GATES W . MCGARRAH,
_
be signed_ by Officer other than the Officer
authorized to cast vote of Bank)
Chairman of the Board,
F e d e r a l Reserve B a n k of N e w Y o r k .
(THfe)
CERTIFICATE OF NOMINATION FOR CLASS "A" DIRECTOR, 1927
Di.trictNo.2
FEDERAL RESERVE BANK OF NEW YORK
At a meeting of the Board of Directors of the_
Group No. 3
_
_
(Name of Bank)
of
(City or Town and State)
duly called and held on the
"Resolved, that-
day of
1927, on motion duly made and seconded, it was
,
, of
_
_
whose occupation is
, be, and he is hereby, nominated as a candidate for
director of Class A of the Federal Reserve Bank of New York, and the cashier is hereby authorized,
empowered and directed to certify his name to Gates W. McGarrah, Chairman of the Board
of Directors of the Federal Reserve Bank of New York, as the nominee of this association in
accordance with the provisions of Section 4 of the Federal Reserve Act."
I hereby certify that the foregoing is a true and correct copy of a resolution of the Board of
Directors of this association duly adopted on the date specified, and pursuant thereto I hereby certifythat
is the duly accredited nominee of this association for a Class A director of the Federal Reserve Bank of New York.
i m P * " (ATTACH SEAL HERE)
To GATES W. MCGARRAH,
Chairman of the Board,
Federal Reserve Bank of New York.
_
_
, Cashier
CERTIFICATE OF NOMINATION FOR CLASS "B" DIRECTOR, 1927
ji.trictNo.2
FEDERAL RESERVE BANK OF NEW YORK
At a meeting of the Board of Directors of the
_
-
Croup No. 3
-
(Name of Bank)
o{
_
(City or Town and State)
Uuly called and held on the
day of
1927, on motion duly made and seconded, it was
"Resolved, that- of~
-- •hose occupation is
, be, and he is hereby, nominated as a candidate for
iirector of Class B of the Federal Reserve Bank of New York, and the cashier is hereby authorized,
empowered and directed to certify his name to Gates W. McGarrah, Chairman of the Board
of Directors of the Federal Reserve Bank of New York, as the nominee of this association in
accordance with the provisions of Section 4 of the Federal Reserve Act."
I hereby certify that the foregoing is a true and correct copy of a resolution of the Board of
Directors of this association duly adopted on the date specified, and pursuant thereto I hereby certify
is the duly accredited nominee of this association for a Class B director of the Federal Reserve Bank of New York.
tnat
S0ET* (ATTACH SEAL HERE)
To GATES W. MCGARRAH,
Chairman
of the Board,
Federal Reserve Bank of New York.
Cashier
MR. GATES W.
MCGARRAH,
Chairman, Board of Directors,
Federal Reserve Bank of New York
New York, N. Y.
@FedFRASER