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FEDERAL RESERVE BANK OF N EW YORK rCircular No. 8 3 0 8 ~I L April 3, 1978 J Election of Class A Director For Unexpired Portion of Term Ending December 31, 1978 (By member banks classified in Group 3 on February 23, 1978, that is, member banks with capital and surplus of less than $3,000,000 on that date) To the Member Banks of the Second Federal Reserve District: In accordance with the provisions of section 4 of the Federal Reserve Act, as amended, and Circular No. 8282, dated February 23, 1978, on the nomination of a class A director of this Bank for the unexpired portion of the term ending December 31, 1978, to fill the vacancy caused by the resignation from that office of H arry J. T a w , there is shown, beginning on page 2, the names of the candidates nominated for such office, and by whom nominated. To each member bank classified in Group 3 on February 23, 1978, except those member banks that are subsidiaries of multibank holding companies and have not been designated to participate in this election,0 the following are being sent with this circular: (a) Ballot for use in voting for candidates for class A director. ( b ) Pink ballot envelope in which the ballot is to be sealed. (c) Certificate envelope bearing on its face the certificate in regard to the vote. ( d ) Addressed envelope in which all of 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 of the officers designated for this purpose by the member banks in Group 3 was contained in the above-mentioned circular dated February 23, 1978, and a similar list revised to date is contained herein. In order that the ballot may be secret, the name of the bank and the name and title of the voting officer should not be written on the ballot, but should be written only on the certificate envelope. (1) The ballot should be marked. (2 ) The marked ballot should be placed in the pink ballot envelope and that envelope sealed. (3) Then the sealed pink 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 pink 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 of the list of candidates transmitted herewith. The polls will open at 10 a.m., April 4, 19/8, and will close at 12 noon on Wednes day, April 19, 1978, and in order to be counted as valid the ballot must be received by me at or before the latter time. Upon the closing of the polls the ballot box will be opened in the board room of 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 may, if they so desire, be present or represented on this occasion. Because banks in Groups 1 and 2 will not vote in this election, this circular is sent to them without forms and for their information only. R obert H. K night , Chairman of the Board.• • As indicated in Circular No. 8282, dated February 23, 1978, section 4 of the Federal Reserve Act, as amended, pro vides that, whenever any member banks within the same Federal Reserve District are subsidiaries of the same bank holding company within the meaning of the Bank Holding Company Act of 1956, participation in th e . 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 Group 3 bank that is a subsidiary of a multibank holding company cannot be counted as valid unless there is on file with me evidence that such bank has been so designated. Candidates for Class A Director DANIEL A. COUGHLIN President Hunterdon County Trust Company, Annandale, N.J. D aniel A. C oughlin was born in Califon, New Jersey, on March 23, 1916. He attended local schools in Califon and took business courses in New York City. Mr. Coughlin began his business career in 1934 with his family’s service-oriented business. He estab lished a different service business in 1940 and was the sole owner of both businesses until 1969, when he joined Hunterdon County Trust Company as president of the bank. As president, Mr. Coughlin has been involved in the development and implementation of automated systems in the bank and the installation of automated teller units. He is active in local community affairs, particularly in the area of fire protection programs. Mr. Coughlin was one of the originators of the Hunterdon County Fire School, the fire instruction unit for the county, and has been active in the development and use of new types of fire equipment. Nominated by the following member banks in Group 3 NEW JERSEY Place Name of Bank or Trust Company Annandale Hunterdon County Trust Company 2 BALLOT ENVELOPE E l e c t io n of D ir e c t o r s of Federal Reserve Bank of New York The marked preferential ballot should be placed in this envelope, and this envelope should then be sealed and placed in the certificate envelope. CERTIFICATE ENVELOPE This Envelope Should Contain Only Ballot in Sealed Pink Envelope It Will Not Be Opened Until Polls Close ................................................................... 1978 Group No. 3 To M r . R obert H. K night , 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 choices for a class A director of the Federal Reserve Bank of New York for the unexpired portion of the term of office ending December 31, 1978, are as indicated (by X) in the ballot sealed herein. For (Name of Bank) (Signature of officer designated to vote. See list of member banks in Group 3 in accompanying circular.) (Location of Bank) (TITLE of Voting Officer) M r . R obert H. K night , Chairman , B oard o f D irectors, Federal Reserve Bank of New York, Federal Reserve P. 0 . Station, New York, N. Y. 10045 Room 1120 FEDERAL RESERVE BANK OF NEW YORK Ballot April 3, 1978 G roup N o . 3 This ballot and the certificate on the certificate envelope must be executed by an officer who has been authorized to cast the vote and whose designation has been duly certified to me. The polls will be open at 10 a.m. on April 4 , 1978, and will close at 12 noon on Wednesday, April 19, 1978. This ballot must be returned so as to reach me before the latter time. Failure to observe instructions will invalidate this ballot. Robert H. K night, C h a ir m a n o f th e B o a r d . V O T E FO R CLASS A D IR E C T O R O F F E D E R A L R E S E R V E BANK OF N EW YORK for unexpired portion of term ending December 31, 1978 (Section 4 of the Federal Reserve Act requires the officer casting a member bank’s vote to indicate “ first, second, and other choices.” Where there are two candidates involved and only a first choice is made, the member bank will be deemed to have indicated the other candidate as its second choice.) Candidates D aniel A. Coughlin President Hunterdon County Trust Company Annandale, N. J. J ames W helden President Ballston Spa National Bank Ballston Spa, N. Y. (Indicate choice s by X below) F irst Second Choice Choice o o o o D IR E C T IO N S F O R R E T U R N O F BA L L O T 1. Mark this ballot to indicate vote. D o n o t v o t e m o r e t h a n o n e c h o ic e 2 . Place marked ballot in the pink ballot envelope and seal that envelope. f o r a n y o n e c a n d id a te . 3. Place sealed pink ballot envelope in certificate envelope and seal certificate envelope and execute certificate thereon.4 4. Return sealed and executed envelope (with sealed pink ballot envelope enclosed therein) in envelope addressed to M r. R obert H. K n i g h t , Chairman, Board of Directors, Federal Reserve Bank of New York, Federal Reserve P. O. Station, New York, N. Y. 10045. Candidates for Class A Director (Continued) JAMES WHELDEN President Ballston Spa National Bank, Ballston Spa, New York Ja m es W helden was born January 9, 1927, in Saratoga Springs, N.Y. He was graduated from Bentley College, Waltham, Massachusetts, in 1949. He has also attended the Independent Bankers Association of America’s Senior Executive Management School at Harvard University, and the New York State Bankers Association’s Executive Management School at West Point, New York. Mr. Whelden joined the Ballston Spa National Bank in 1950 as a bookkeeper. He was appointed assistant cashier of the bank in 1953 and was named assistant vice president in 1958. In 1965 he was promoted to vice president. He assumed his present position as president of the bank in 1971. Among his many civic and professional activities, Mr. W helden is a director of the Independent Bankers Association of New York State, a member of the Long Range Planning Committee and the Ad Hoc Advertising Committee of the New York State Bankers Association, and a member of the Loan Com mittee of the New York State Business Development Corporation. In addition, he has served as president of the New York Independent Bankers Association, the Schenectady Chapter of the American Institute of Banking, and the Saratoga-Warren Washington County Bankers Association. He is also a past director of the Financial Computer Center of Eastern New York, Inc. Nominated by the following member banks in Group 3 NEW JERSEY Place Name of Bank or Trust Company Morristown Fidelity Union Trust Company, National Association NEW YORK Addison Alden Ballston Spa Beacon Cortland Delhi Ilermon Middletown Nichols Odessa Oneida Community National Bank Alden State Bank Ballston Spa National Bank The Fishkill National Bank First National Bank of Cortland The Delaware National Bank of Delhi The First National Bank of Hermon Orange County Trust Company The Nichols National Bank Finger Lakes National Bank The Oneida Valley National Bank 3 Special Election of a Class A Director For Unexpired Portion of Term Ending December 31, 1978 List of 144 Member Banks in Group 3 ( Group 3 consists of member banks with capital and surplus of less than $3,000,000, on February 23, 1978) CONNECTICUT Place Fairfield Name of Bank or Trust Company Officers Authorized to Cast Vote Citizen’s National Bank of Fairfield . . . . President, any Vice President, or Cashier Norwalk The Connecticut Bank and Trust Company, N.A. President, any Vice President, or Cashier Stamford Liberty National B a n k ........................................... President, any Vice President, or Cashier Westport Westport National B a n k ........................................... President, any Vice President, or Cashier NEW JERSEY . President, any Vice President, Treasurer, or Assistant Treasurer Annandale Hunterdon County Trust Company . Bayonne The Broadway National Bank of Bayonne . President, any Vice President, or Cashier Belleville Peoples Bank, N.A......................................... . President, any Vice President, or Cashier Belvidere The First National Bank of Belvidere . . President, any Vice President, or Cashier Blairstown The First National Bank of Blairstown . . President, any Vice President, or Cashier Bloomsbury Citizens’ Bank, National Association . . President, any Vice President, or Cashier Branchville The National Bank of Sussex County . . President, any Vice President, or Cashier Colonia First Bank of C o lo n ia ............................... . President, any Vice President, or Secretary Cranbury Midlantic National Bank/Cranbury . President, any Vice President, or Cashier Denville Township Peoples National Bank of North Jersey . President, any Vice President, or Cashier Edison Midlantic National Bank/Raritan Valley . President, any Vice President, or Cashier Elizabeth City Trust Services, National Association Chairman of the Board, President, any Vice President, or Cashier President, any Vice President, or Cashier Englewood Cliffs The Edgewater National Bank . Flemington The Flemington National Bank and Trust Company President, any Vice President, or Cashier Fort Lee First National Bank in Fort Lee President, any Vice President, or Cashier Franklin Lakes Urban National Bank . President, any Vice President, or Cashier Gladstone Peapack-Gladstone Bank . President, any Vice President, or Cashier Hillsborough The Hillsborough National Bank President, any Vice President, or Cashier Hillsdale Liberty National Bank . President, any Vice President, or Cashier Hope The First National Bank of Hope President, any Vice President, or Cashier Kearny The First National Bank and Trust Company of Kearny Chairman of the Board, President, any Vice President, or Cashier Manville The Manville National Bank President, any Vice President, or Cashier 4 GROUP 3 NEW JE E SE Y ( Continued) Place Name of Bank or Trust Company Officers Authorized to Cast Vote Maywood Community Bank of Bergen County, N. J ........................... President, any Vice President, or Cashier Montgomery Township The Montgomery National B a n k ..................................... President, any Vice President, or Cashier Morristown Fidelity Union Trust Company, National Association Chairman of the Board, President, any Vice President, or Cashier Newark Broad National Bank, N ew ark ........................ Newark City National Bank of New Jersey . Chairman of the Board, President, or Cashier Newark Security National Bank of New Jersey . Chairman of the Board, President, any Vice President, or Cashier President, any Vice President, or Cashier President, any Vice President, Cashier, or Assistant Cashier North Bergen Meadowlands National B a n k ........................ Passaic Jefferson National B a n k ..................................... Perth Amboy Perth Amboy National B a n k ........................ Phillipsburg The Phillipsburg National Bank and Trust Company President, any Vice President, or Cashier Earitan State Bank of Earitan Y a lle y ........................ President, any Vice President, Cashier, or Secretary Secaucus Arcadia National Bank . Chairman of the Executive Committee, President, any Vice President, or Cashier Union City Pan American National Bank . President, any Vice President, or Cashier President, any Vice President, or Cashier NEW YOBK Addison Community National Bank . President, any Vice President, or Cashier Alden Alden State B a n k ............................... President, any Vice President, or Cashier Amenia The First National Bank of Amenia President, any Vice President, or Cashier Angola The Evans National Bank of Angola President, any Vice President, or Cashier Atlanta Atlanta National Bank . . . . President, any Vice President, or Cashier Auburn The National Bank of Auburn . President, any Vice President, or Cashier Avoca Bank of A v o c a ............................... President, any Vice President, or Cashier Ballston Spa Ballston Spa National Bank . President, any Vice President, or Cashier Bath The Bath National Bank . President, any Vice President, or Cashier Beacon The Fishkill National Bank . President, any Vice President, or Cashier Belmont The State Bank of Belmont, N. Y. . President, any Vice President, or Cashier Binghamton Chemical Bank of Binghamton . President, any Vice President, or Cashier Bridgehampton The Bridgehampton National Bank President, any Vice President, or Cashier Buffalo Chemical Bank — Buffalo President, any Vice President, or Cashier Callicoon United National Bank . . . . President, any Vice President, or Cashier Canisteo First State Bank, Canisteo, N. Y. . President, any Vice President, Cashier, or Assistant Cashier Carmel The Putnam County National Bank of Carmel President, any Vice President, or Cashier Cattaraugus Bank of Cattaraugus........................................... President, any Vice President, or Cashier 5 GROUP 3 NEW YORK ( Continued) Place Officers Authorized to Cast Vote Name of Bank or Trust Company Chester The Chester National B a n k ............................... Clifton Springs The Ontario National Bank of Clifton Springs . President, any Vice President, or Cashier Clinton Hayes National B a n k ....................................................... President, any Vice President, or Cashier Cortland First National Bank of C ortland..................................... Chairman of the Board, President, any Vice President, or Cashier Coxsackie The National Bank of C oxsackie..................................... President, or any Vice President Delhi The Delaware National Bank of D e lh i............................... President, any Vice President, or Cashier . President, any Vice President, or Cashier Downsville The First National Bank of D ow nsville......................... President, any Vice President, or Cashier Dryden The First National Bank of D ry d en ............................... President, any Vice President, or Cashier Dundee Dundee State B a n k ............................................................. East Hampton First National Bank of East H am pton ......................... President, or Cashier East Islip The First National Bank of East I s lip ............................... President, or Cashier President, or Cashier Ellen ville Ellen ville National B a n k ................................................. President, any Vice President, or Cashier Fleischmanns Deak National B a n k ............................................................. President, any Vice President, or Cashier President, any Vice President, or Cashier Florida The National Bank of F lo r id a ........................................... Geneseo Genesee Valley National Bank and Trust Company of Geneseo ................................................................................ President, any Vice President, Cashier, or Executive Officer Geneva The National Bank of G eneva........................................... Gloversville The Fulton County National Bank and Trust Company Cashier Greene First National Bank in G reene...........................................President, any Vice President, or Cashier Greenwich Chemical Bank Eastern, N. A.................................. President, any Vice President, or Cashier Groton The First National Bank of Groton . . . . President, any Vice President, or Cashier Hammond The Citizens National Bank of Hammond . President, any Vice President, or Cashier Hancock The First National Bank of Hancock . . . . President, any Vice President, or Cashier Hempstead Vanguard National B a n k ....................................... Chairman of the Board, President, any Vice President, or Cashier Hermon The First National Bank of Hermon . . . . President, any Vice President, or Cashier Highland The First National Bank of Highland . . . . President, any Vice President, or Cashier Holland Bank of H o lla n d ....................................................... President, any Vice President, or Cashier Homer The Homer National B a n k ..................................... President, any Vice President, or Cashier Itliaca First National Bank and Trust Company of Ithaca President, any Vice President, or Cashier Jeffersonville The First National Bank of Jeffersonville . President, any Vice President, or Cashier Keeseville The Keeseville National B a n k ............................... President, any Vice President, Cashier, or Assistant Cashier Kinderhook The National Union Bank of Kinderhook . President, any Vice President, or Cashier Kingston The Rondout National Bank........................ President, any Vice President, or Cashier La Fargeville Jefferson National B a n k ............................... President, any Vice President, or Cashier Lisbon The First National Bank of Lisbon President, any Vice President, or Cashier . 6 President, any Vice President, or Cashier GROUP 3 NEW YORK (Continued) Place Name of Bank or Trust Company Officers Authorized to Cast Vote Little Falls The Little Falls National Bank . Lyons The Lyons National B a n k ............................... . President, any Vice President, or Cashier Lyons Falls The Lyons Falls National B a n k ......................... . President, any Vice President, or Cashier Mahopac The Mahopac National B a n k ......................... . Chairman of the Board, President, any Vice President, or Cashier Malone The Citizens National Bank of Malone . . President, any Vice President, or Cashier Malone Farmers National Bank of Malone . . President, any Vice President, or Cashier Middletown Orange County Trust Company......................... . President, any Vice President, or Secretary Millbrook Bank of M illb r o o k ........................................... . President, any Vice President, or Cashier Monticello The National Union Bank of Monticello . . President, any Vice President, or Cashier Moravia The First National Bank of Moravia . . President, or any Vice President Newburgh The Columbus Trust C om pany......................... . President, or any Vice President New York City (See page 8 ) Nichols The Nichols National B a n k ............................... . President, any Vice President, or Cashier Norfolk The First National Bank of Norfolk . . President, any Vice President, or Cashier North Tarrytown The First National Bank of North Tarrytown . President, or Cashier Odessa Finger Lakes National B a n k ......................... . President, ally Vice President, or Cashier Oneida The Oneida Valley National Bank of Oneida . . President, any Vice President, or Cashier Ovid The First National Bank of Ovid . . . . . President, any Vice President, or Cashier Owego The Owego National B a n k ............................... . President, any Vice President, or Cashier Oxford The National Bank of O xford ......................... . President, any Vice President, or Cashier Pawling The National Bank of P a w lin g ........................ . President, any Vice President, Cashier, or Assistant Cashier Pine Plains The Stissing National Bank of Pine Plains . . President, any Vice President, or Cashier Ramapo Peoples National Bank of Rockland County . . President, any Vice President, or Cashier Red Hook The First National Bank of Red Hook . . President, any Vice President, or Cashier Redwood The Redwood National B a n k ......................... . President, any Vice President, or Cashier Rhinebeck The First National Bank of Rhinebeck . . President, any Vice President, or Cashier Rochester First National Bank of Rochester . . . . . President, any Vice President, or Cashier Roxbury The National Bank of R oxbury......................... . President, any Vice President, or Cashier Salamanca Salamanca Trust C om pany............................... . President, any Vice President, Cashier, or Secretary-Treasurer Savannah The National Bank of Savannah . . . . . President, any Vice President, or Cashier Seneca Falls The State Bank of Seneca Falls, N. Y. . . President Sidney First National Bank in S id n ey ......................... . President, any Vice President, or Cashier Solvay Solvay B a n k ....................................................... . President, any Vice President, or Cashier . . President, any Vice President, or Cashier 7 GROUP 3 NEW YORK (Continued) Place Name of Bank or Trust Company Officers Authorized to Cast Vote Spencer Tioga State B a n k ....................................................... President, any Vice President, Cashier, or Assistant Cashier Stamford The National Bank of S ta m f o r d ............................... President, any Vice President, or Cashier Syracuse Chemical Bank of S y ra c u se ........................................... President, or any Vice President Tupper Lake The Tupper Lake National B a n k ............................... President, any Vice President, or Cashier Union Springs Cayuga Lake National B a n k ..................................... President, any Vice President, or Cashier Vernon The National Bank of V e rn o n ..................................... President, any Vice President, or Cashier Walden The Valley National Bank, Wallkill, N. Y. . President, any Vice President, or Cashier Walton The National Bank of Delaware County, Walton . President, any Vice President, or Cashier Waterloo F irst National Bank of W a te rlo o ............................... President, any Vice President, or Cashier Watertown Seaway National B a n k ................................................. President, any Vice President, or Cashier Watkins Glen Glen National Bank and Trust Company . President, any Vice President, or Cashier Wayland The F irst National Bank of W a y la n d ......................... President, any Vice President, or Cashier Willsboro Essex County-Champlain National Bank, Willsboro . President, any Vice President, or Cashier Yonkers Hudson Valley National B a n k ..................................... President, any Vice President, or Cashier NEW YORK CITY M anhattan Bessemer Trust Company, National Association President, any Senior Vice President, any Vice President, or Secretary Capital National Bank of New York . . Chairman of the Board, President, any Vice President, or Cashier The Depository Trust C om pany........................ . Chairman of the Board Golden Pacific National B a n k ........................ Chairman of the Board, President, any Vice President, or Cashier H artford Trust Company of New Y o r k .........................President, any Vice President, Treasurer, or Secretary Northwestern Trust Company (A Limited Purpose Trust C o m p a n y ) ..........................................................................President, any Vice President, Treasurer, or Cashier Q ueens Flushing National Bank . President, any Vice President, or Cashier
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