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FED ER AL RESERVE BANK O F NEW YORK r Circular No. 9 2 1 4 "1 *- December 15, 1981 -1 Election of Class B Director (By member banks classified in Group 3 on November 25,1981, that is, member banks with capital and surplus of less than $6,500,000, on that d ate) 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. 9194, dated November 25, 1981, on the nomination of a class B director of this Bank for the term ending December 31, 1984, there is shown on page 2 the name of the candidate nominated for such office, and by whom nominated. To each member bank classified in Group 3 on November 25, 1981, 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 candidate for class B 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 November 25, 1981, 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., December 16, 1981, and will close at 12 noon on Thursday, December 31, 1981, 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 result of the election announced. The candidate may, if he so desires, be present or repre sented 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 o b e r t H. K n ig h t , Chairman of the Board. • As indicated in Circular No. 9194, dated November 25, 1981, 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 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, S^I1 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. Candidate for Class B Director EDWARD L. HENNESSY, JR. Chairman of the Board Allied Corporation, Morristown, N. J. E d w a r d L. H e n n e s s y , J r ., was born in Boston, Mass., on March 22, 1928. He received a B.S. degree from Fairleigh Dickinson University in 1955 and has attended New York University Law School. Mr. Hennessy’s varied career in business and finance has included service as controller with Textron, Inc., Lear Siegler, Inc., and International Telephone & Telegraph Corporation, director of finance for the European, Middle East, and African operations of the Colgate-Palmolive Company, and senior vice president in charge of administration and finance for Heublein, Inc. In 1972, he became senior vice president for finance and administration and a director of United Technologies Corporation and was promoted to executive vice president, group vice president of the Systems and Equipment Group, and chief financial officer in 1977. Mr. Hennessy joined Allied Corporation as its president and chief executive officer in May 1979. He was named chairman of the board in December of that year. He is also a director of that corporation. Among his many civic and professional activities, Mr. Hennessy is a director of Automatic Data Processing, Inc., Travelers Insurance Co., The Conference Board, and the Coast Guard Academy Founda tion, Inc. He is also a trustee of Fairleigh Dickinson University, a regent of St. Joseph College, and a member of the Policy Committee of The Business Roundtable. He is now a class B director of the Federal Reserve Bank of New York, having been elected in March 1980 for the unexpired portion of the term ending December 3 1 , 1981. Nominated by the following member banks in Group 3 NEW JERSEY Place Name of Bank or Trust Company Kearny The First National Bank and Trust Company of Kearny NEW YORK Ballston Spa Kinderhook Middletown Poughkeepsie Spencer Ballston Spa National Bank The National Union Bank of Kinderhook Orange County Trust Company Dutchess Bank & Trust Company Tioga State Bank 2 Election of Class B Director For Term of Office Ending December 31, 1984 List of 155 Member Banks in Group 3 ( Group 3 consists of member banks with capital and surplus of less than $6,500,000, on November 25, 1981.) CONNECTICUT Place Fairfield Name of Bank or Trust Company Officers Authorized to Cast Vote Citizen’s National Bank of F airfield ...............................President, any Vice President, or Cashier NEW JERSEY Annan dale Hunterdon County Trust Company..................................... President, any Vice President, Treasurer, or Assistant Treasurer 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 Biairstown The First National Bank of B iairstow n ......................... President, any Vice President, or Cashier Branchville The National Bank of Sussex C ounty............................... President, any Vice President, or Cashier Colonia First Bank of C o lo n ia ....................................................... President, any Vice President, or Secretary Cranbury Midlantic National B an k /C ra n b u ry ............................... President, any Vice President, or Cashier Denville Township Peoples National Bank of North J e r s e y ......................... President, any Vice President, or Cashier Elizabeth City Trust Services, National Association . . . . Chairman of the Board, President, any Vice President, or Cashier Englewood Cliffs The Edgewater National B a n k ........................................... President, any Vice President, or Cashier Flemington The Flemington National Bank and Trust Company . Fort Lee First National Bank in Fort L e e ..................................... President, any Vice President, or Cashier Franklin Lakes Urban National Bank . Gladstone Peapack-Gladstone B a n k ....................................................... Hillsborough The Hillsborough National B a n k ..................................... President, any Vice President, or Cashier Hillsdale Liberty National B a n k ..................................... ...... President, any Vice President, or Cashier Hope The First National Bank of H o p e ..................................... 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 Livingston Livingston National B a n k ................................................. President, any Vice President, or Cashier Manville The Manville National B a n k ........................................... President, any Vice President, or Cashier Maplewood The Maplewood Bank and Trust Company . . . . President, any Vice President, Cashier, Treasurer, or Secretary . . . . 3 . . President, any Vice President, or Cashier President, any Vice President, or Cashier President, any Vice President, or Cashier GROUP 3 NEW JERSEY (C o n tin u e d ) 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 B a n k ....................................................... President, any Vice President, Cashier, or Assistant Cashier Newark City National Bank of New J e r s e y ...............................Chairman of the Board, President, or Cashier Newark Security National Bank of New J e r s e y .........................Chairman of the Board, President, any Vice President, or Cashier Newton Midlantic National Bank/Sussex & Merchants . North Bergen Meadowlands National B a n k ........................................... President, any Vice President, or Cashier . . President, any Vice President, or Cashier Passaic Jefferson National B a n k ................................................................................................................................... Perth Amboy The First Jersey National B ank/C entral........ President, TrustCompany any Vice President, or Cashier Phillipsburg The Phillipsburg National Bank and Piscataway The Peoples National Bank of Central Jersey . . President, any Vice President, or Cashier Succasunna First National State Bank of Northwest Jersey . . Union The Union Center National B a n k .....................President, any Vice President, or Cashier Union City Pan American National B a n k ...........................President, any Vice President, or Cashier Wood Ridge The Wood Ridge National B a n k .................... President, any Vice President, or Cashier . President, any Vice President, or Cashier . Cashier NEW YORK Addison Community National B a n k ................................................. President, any Vice President, or Cashier Albany Union National B a n k ....................................................... 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 A m en ia ............................... President, any Vice President, or Cashier Angola The Evans National Bank of A n g o la ............................... President, any Vice President, or Cashier Atlanta Atlanta National B a n k ....................................................... 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 B a n k ........................................... President, any Vice President, or Cashier Bath The Bath National B a n k ................................................. President, any Vice President, or Cashier Beacon The Fishkill National B a n k ................................................. President, any Vice President, or Cashier Bridgehampton The Bridgehampton National B a n k ............................... President, any Vice President, or Cashier Callicoon United National B a n k ....................................................... President, any Vice President, or Cashier Canajoharie Central National Bank, Canajoharie............................... President, any Vice President, or Cashier Canandaigua The Canandaigua National Bank and Trust Company . President, any Vice President, or Cashier Canisteo First State Bank, Canisteo, N. Y......................................... President, any Vice President, Cashier, or Assistant Cashier 4 GROUP 3 NEW YORK ( C o n tin u e d ) Place Canton Name of Bank or Trust Company Officers Authorized to Cast Vote The St. Lawrence National B a n k ..................................... President, any Vice President, or 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 Chester Key Bank of Southeastern New York, N.A....................... President, any Vice President, or Cashier 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 Downsville The First National Bank of D ow nsville........................ President, any Vice President, or Cashier Drvdeu The First National Bank of D ry d en ............................... President, any Vice President, or Cashier Dundee Dundee State B a n k ............................................................. President, or Cashier East Hampton The Bank of the Hamptons, N.A........................................ President, or Cashier East Islip Bank of Long Island, National Association . . . . President, or Cashier Ellenville Ellenville National B a n k ................................................. President, any Vice President, or Cashier Endicott Endicott Trust C om p an y................................................. President, any Vice President, or Treasurer Fleischmanns Deak National B a n k ............................................................. President, any Vice President, or Cashier Florida The National Bank of F lo r id a ........................................... President, any Vice President, or Cashier Geneva The National Bank of G eneva........................................... President, any Vice President, or Cashier Glen Head The First National Bank of Long Isla n d ........................ President, any Vice President, or Cashier Glens Falls Glens Falls National Bank and Trust Company . President, any Vice President, or Cashier Gloversville City National Bank and Trust Company of Gloversville President, any Vice President, or Cashier Glovcrsville The Fulton County National Bank and Trust Company Cashier Groton The First National Bank of G roton ............................... 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 H ancock.............................. President, any Vice President, or Cashier Hempstead Guardian Bank, N.A................................................................ Chairman of the Board, President, any Vice President, or Cashier Ilermon The First National Bank of Ilerm o n .............................. President, Highland The First National Bank of H ighland.............................. President, any Vice President, or Cashier Holland Bank of H o lla n d ................................................................... President, any Vice President, or Cashier any Vice President, or Cashier Jeffersonville The First National Bank of Jeffersonville . President, any Vice President, or Cashier Kecsevillc The Kceseville National B a n k ........................................... President, anjr Vice President, Cashier, or Assistant Cashier Kindcrhook 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 Liberty The Sullivan County National Bank of Liberty . President, any Vice President, or Cashier Lisbon The First National Bank of L is b o n .............................. President, any Vice President, or Cashier 5 GROUP 3 NEW YOBK (Continued) Name of Bank or Trust Company Place Officers Authorized to Cast Vote 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 C om pany............................... President, any Vice President, or Secretary Millbrook Bank of M il l b r o o k ................................................. President, any Vice President, or Cashier Moravia The F irst National Bank of Moravia . . . . President, or any Vice President Nanuet Nanuet National B a n k ........................................... President, any Vice President, or Cashier New York City (see page 7) Newburgh The Columbus Trust C o m p an y ............................... Newburgh Highland National Bank of Newburgh . President, any Vice President, or Cashier Nichols The Nichols National B a n k ..................................... President, any Vice President, or Cashier Norfolk The F irst National Bank of Norfolk . . . . President, any Vice President, or Cashier North Tarry town The F irst National Bank of North Tarrytown . President, or Cashier President, or any Vice President Odessa Finger Lakes National B a n k ............................... President, any Vice President, or Cashier Olean Manufacturers Hanover Trust Company/Western, National A s s o c ia tio n ........................................... President, any Vice President, or Cashier Oneida The Oneida Valley National Bank of Oneida . Chairman of the Board, President, any Vice President, or Cashier Oneonta Wilber National B a n k ........................................... President, any Vice President, or Cashier Ovid The F irst National Bank of O v id ......................... 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 x fo r d ............................... 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 Poughkeepsie Dutchess Bank & Trust C o m p an y ......................... President, any Vice President, or Secretary Bamapo Peoples National Bank of Bockland County . President, any Vice President, or Cashier Bed Hook The F irst National Bank of Bed Hook . President, any Vice President, or Cashier Bedwood The Bedwood National B a n k ............................... President, any Vice President, or Cashier Bhinebeck The F irst National Bank of Bhinebeck . President, any Vice President, or Cashier Biverhead The Suffolk County National Bank of Biverhead President Bochester F irst National Bank of B o c h ester......................... President, any Vice President, or Cashier Boxbury The National Bank of B o x b u ry ............................... President, any Vice President, or Cashier Salamanca Salamanca Trust C o m p a n y ..................................... President, any Vice President, Cashier, or Secretary-Treasurer Saratoga Springs The Adirondack Trust C o m p a n y .....................................President, any Vice President, or Treasurer Savannah The National Bank of S a v a n n a h .....................................President, any Vice President, or Cashier 6 GROUP 3 NEW YORK (Continued) Place Schenectady Name of Bank or Trust Company Officers Authorized to Cast Vote The Mohawk National Bank of Schenectady . President, any Vice President, or Cashier Scotia F irst National Bank of S c o tia ........................ President, any Vice President, or Cashier Smith town Bank of S m ith to w n ........................................... President, any Vice President, or Cashier Solvay Solvay Bank . President, any Vice President, or Cashier Spencer Tioga State Bank President, a n y Vice President, Cashier, or Assistant Cashier Stamford The National Bank of Stamford President, any Vice President, or Cashier Tupper Lake The Tupper Lake National Bank President, any Vice President, or Cashier Union Springs Cayuga Lake National Bank . President, any Vice President, or Cashier Vernon The National Bank of Vernon . 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 Wayland The F irst National Bank of W a y la n d ........................ President, any Vice President, or Cashier Wellsville Key Bank of Western New York, N.A...................... 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 BankAmeriea Securities Service Company of New York (A Limited Purpose Trust C o m p a n y )........................ ........................................................... Bessemer Trust Company, N.A............................................President, any Senior Vice President, any Vice President, or Secretary Bradford Trust C o m p a n y .................................................Chairman of the Board, President, any Vice President, or Cashier Capital National Bank of New Y o r k ...............................Chairman of the Board, President, any Vice President, or Cashier Central National Bank of New Y o r k ............................... ............................................................. Chairman of the Board The Depository Trust Company . Freedom National Bank of New York . President, any Vice President, or Cashier Golden Pacific National Bank . Chairman of the Board, President, any Vice President, or Cashier Gotham Bank of New York . H artford Trust Company of New York (A Limited Purpose Trust C o m p an y ).................................................President, any Vice President, Treasurer, or Secretary The Merchants Bank of New Y o r k ..................................... President, any Vice President, Cashier, or Assistant Cashier 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 S taten I sland Gateway State Bank . Chairman of the Board, President, or any Vice President 7 M r . R o b e r t H . K n ig h t , Chairman , Board o f Directors , Federal Reserve Bank of New York, Federal Reserve P. 0 . Station, New York, N. Y. 10045 Room 1120 FEDERAL RESERVE BANK OF N E W YORK B allot December 15, 1981 Group No. 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 open at 10 a.m. on December 16, 1981, and will close at 12 noon on Thursday, December 31, 1981. This ballot must be returned so as to reach me before the latter time. Failure to observe instructions will invalidate this ballot. R o b e r t H . K n ig h t , Chairman of the Board VOTE FOR CLASS B DIRECTOR OF FED ER AL RESERVE BANK OF N E W YORK for term of office ending Decem ber 31, 1984 (Indicate vote by X b elow ) C a n d id a t e E d w a r d L . H e n n e s s y , Jr . Chairman of the Board Allied Corporation Morristown, N . J. o DIRECTIONS FOR RETURN OF BALLOT 1. Mark this ballot to indicate vote. 2. Place marked ballot in the pink ballot envelope and seal that envelope. 3. Place sealed pink ballot envelope in certificate envelope and seal certificate envelope and execute certificate thereon. 4. Return sealed and executed certificate envelope (w ith sealed pink ballot envelope enclosed therein) in envelope addressed to Mr. Robert H. Knight, Chairman, Board of Directors, Federal Reserve Bank o f N ew York, Federal Reserve P. O. Station, N ew York, N . Y. 10045. CERTIFICATE ENVELOPE This Envelope Should Contain Only Ballot in Sealed Pink Envelope It Will Not Be Opened Until Polls Close ................................................. , 1 9 . Group N o. 3 To M r . R obert H. K n ig h t , 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 vote for a class B director of the Federal Reserve Bank of New York for the term ending December 31, 1984 is as indicated (by X) on the ballot sealed herein. For (N am e of Bank) (Signature of officer designated to vote. See list of member banks in Group 3 in accompanying circular.) (Location of Bank) (T ITLE of Voting Officer) BALLOT ENVELOPE E l e c t io n o f 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. December 15, 1981 NOTICE Since your bank is a subsidiary of a bank holding company having more than one bank subsidiary and since this Bank has not yet received evidence that your bank has been designated by such holding company to participate in this year’s election of a class B director of this Bank, the enclosed circular is being sent to you without ballot forms. In order for your bank to so participate, we must receive evidence, before December 31, 1981, that the bank holding company of which your bank is a subsidiary has designated your bank to participate in the election. Such evidence should be in the form of a certified resolution of such action by the directors of the holding company. Upon receipt of such evidence, we will send you ballot forms for participa tion in this year’s election. Federal Reserve Bank of New York
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