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FEDERAL RESERVE BANK O F N E W YORK Circular No. 9 5 8 7 *i November 28, 1983 J Election of Directors (B y m em ber banks classified in Group 2 on O ctober 2 5 , 1 9 8 3 , that is, m em ber banks with capital and surplus o f $ 6 ,5 0 0 ,0 0 0 to $ 4 0 0 ,0 0 0 ,0 0 0 , inclusive, 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. 9571, dated October 25, 1983, on the nomination of directors of this Bank for terms of office from January 1, 1984 to December 31, 1986, to succeed P eter D. Kiernan , class A director, and John R. O pel , class B director, whose terms expire December 31, 1983, there are shown on the following pages the names of the candidates nominated for such offices, and by whom nominated. To each member bank classified in Group 2 on October 25, 1983, the following are being sent with this circular: (a) Ballot for use in voting for candidates for class A director and 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 2 was contained in the above-mentioned circular dated October 25, 1983, 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., November 29, 1983, and will close at 12 noon on Wednesday, December 14, 1983, 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 3 will not vote in this election, this circular is sent to them without forms and for their information only. John B rademas, Chairman of the Board. Candidate for Class A Director T. JOSEPH SEMROD Chairman of the Board United Jersey Bank, Hackensack, N.J. T. J oseph Semrod was born in Oklahoma City, Oklahoma, on December 13, 1936. He received a B.A. degree in 1958, and an LL.B. degree in 1963, from the University of Oklahoma. Mr. Semrod began his banking career with Liberty National Bank and Trust Company in Oklahoma City in 1963. After serving in various official positions at that bank, he became president of the bank in 1973 and president of its holding company in 1976. He joined United Jersey Banks, Princeton, N.J., in April 1981 and was elected chairman of United Jersey Bank, the lead bank, in May of that year. In December 1981, Mr. Semrod also became chairman of the holding company. Among his other activities, Mr. Semrod is chairman of the board of regents of the Stonier Graduate School of Banking at Rutgers University and serves on the faculty of the American Bankers Association’s National Commercial Lending School. He is a member of the executive committee of the ABA’s Education Policy and Development Council. He is also a member of the executive committee of the National Urban League and a member of the Young Presidents Organization. Nominated by the following member banks in Group 2 N E W JERSEY Place Nam e of Bank or Trust C om pany Hackensack U nited Jersey Bank Raritan T ow nship First N ational State Bank of W est Jersey N E W YORK Elmira C hem ung Canal Trust Company M anhattan The Bank of N ew York 2 Candidate for Class B Director JOHN R. OPEL Chairman of the Board International Business Machines Corporation Armonk, New York J ohn R. O pel was born in Kansas City, Missouri, on January 5, 1925. He received an A.B. degree from Westminster College in 1948 and an M.B.A. degree from the University of Chicago in 1949. Mr. Opel began his career with IBM as a salesman in 1949. In 1966 he was elected corporate vice president. He was named group executive of the data processing product group in 1972 and was elected to the board of directors that same year. He was elected president of the corporation in 1974, and in January 1981 he became chief executive officer. In February 1983 he was elected chairman of the board. Among his many civic and professional activities, Mr. Opel is a director of Pfizer, Inc., vice chairman of The Business Council, co-chairman of The Business Roundtable, a trustee of Westminster College and the Institute for Advanced Study, and a member of the board of governors of United Way of America and the Wilson Council. Mr. Opel is now a class B director of the Federal Reserve Bank of New York, having been elected for the three-year term ending December 31, 1983. Nominated by the following member banks in Group 2 N E W JERSEY Place Hackensack Nam e of Bank or Trust Com pany U nited Jersey Bank N E W YORK Elmira C hem ung Canal Trust Company M anhattan The Bank of N e w York 3 Election of Class A and B Directors For Terms of Office Ending December 31, 1986 List of 58 Member Banks in Group 2 ( Group 2 consists of member banks with capital and surplus of $6,500,000 to $400,000,000, inclusive, on October 2 5 ,1 9 8 3 .) N E W JERSEY Place Officers A uthorized to Cast V ote Nam e o f Bank or Trust Com pany Bridgew ater Tow nship First N ational Bank of Central Jersey E lizabeth T he N ational State Bank, E lizabeth, N . J. . President, any V ice President, or Cashier E lizabeth U n ited C ounties Trust C o m p a n y ............................. Chairman of the Board, Chairman o f the E xecutive C om m ittee, President, or any V ice President Hackensack U nited Jersey B a n k .......................................................... Chairman or V ice Chairman of the Board, or any V ice President Jersey C ity Com m ercial Trust Com pany o f N e w Jersey President, any V ice President, or Treasurer Jersey C ity T he First Jersey National B a n k ..................................... President, any V ice President, Cashier, or Secretary M onroe T ow nship H eritage Bank, N ational Association President, any V ice President, or Cashier M orristown Am erican N ational B a n k ................................................... Chairman o f the Board, President, E xecutive V ice President, any V ice President, or Secretary N eptune T ow nship M idlantic N ational Bank/M erchants President, any V ice President, or Cashier N ewark F id elity U nion B a n k ............................................ President, or any V ice President N ewark First N ational State B a n k ............................... Chairman of the Board, President, any V ice President, or Cashier N ew ark M idlantic N ational B a n k ..................................... President, any V ice President, or Cashier O ld Bridge T ow nship Am boy-M adison N ational Bank . President, any V ice President, or Cashier Passaic V alley N ational B a n k ..................................... President, any V ice President, or Treasurer Plainfield U n ited N ational B a n k ..................................... President, any V ice President, or Cashier Raritan T ow nship First N ational State Bank o f W est Jersey . Cashier R idgew ood C itizens First N ational Bank o f N ew Jersey President, any V ice President, or Cashier . . . . . . . . . 4 . . President, any V ice President, any Assistant V ice President, or Cashier GROUP 2 N E W JERSEY ( Continued) Place Nam e of Bank or Trust Com pany Officers Authorized to Cast Vote Rutherford National Com m unity Bank of N e w Jersey . Chairman of the Board, Chairman of the E xecutive Com m ittee, President, any V ice President, or Cashier Tenafly First N ational State Bank — C ounty President, any V ice President, or Cashier Tenafly M idlantic N ational B ank/C itizens . . Totow a First National State Bank of N ew Jersey . W est Paterson N ew Jersey Bank (N ational A ssociation) President, any V ice President, or Cashier W oodbridge First N ational State Bank — Edison President, any V ice President, or Cashier . President, any V ice President, or Cashier . . Chairman of the Board, President, any V ice President, Cashier, or any Assistant Cashier N E W YORK Albany Bankers Trust C om pany of Albany, N ational Association President, or any V ice President Albany K ey Bank, N .A ....................................................................................... President, any V ice President, or Cashier Albany State Bank o f A lb an y......................................................................... President, any V ice President, or Cashier Buffalo Citibank (N e w York S ta te ), N .A .................................................. President, Executive V ice President, any V ice President, or Cashier Buffalo Liberty National B a n k ................................................................... President, any V ice President, or Cashier Buffalo M anufacturers and Traders Trust Com pany President, any V ice President, or Secretary Chester Key Bank of Southeastern N e w York, N .A ............................... President, any V ice President, or Cashier Elm ira Chem ung Canal Trust C om p any................................................... President, any V ice President, Cashier, Secretary, or Treasurer Garden City Long Island Trust Company, N ational Association President, or any V ice President G lens Falls The First N ational Bank of Glens F a l l s .................................... President, any V ice President, or Cashier H em pstead Norstar Bank o f L ong I s l a n d ................................................... President, any V ice President, or Cashier Jam estown K ey Bank ............................................................................................... President, any V ice President, or Cashier N ew burgh Norstar Bank o f the H udson V alley, N ational Association President, any V ice President, or Cashier . . . . N ew York City ( See page 6 ) N orw ich The National Bank and Trust Com pany of N orw ich . Chairman of the Board, President, any V ice President, or Cashier Rochester Central Trust C o m p a n y ................................................................. President, any V ice President, or Secretary Rochester Lincoln First Bank, N .A ..................................................................... President, any V ice President, or Cashier Rochester Manufacturers Hanover, N ational Association . President, any V ice President, or Cashier Rochester Security Trust Com pany of R o c h e s t e r .................................... . . . President, any V ice President, or Secretary President Scarsdale National Bank and Trust Com pany Schenectady The Schenectady Trust C o m p a n y ............................................ Syracuse The M erchants N ational Bank & Trust Com pany of Syracuse ....................................................................................... President, any V ice President, or Cashier Utica O neida National B a n k ................................................................. President, any V ice President, or Cashier W atertown Key Bank of Northern N ew York, N .A .................................... President, any Vice President, or Cashier . . Scarsdale 5 . . Chairman of the Board, President, any V ice President, or Treasurer GROUP 2 N E W YORK CITY Place M anhattan N am e of Bank or Trust Com pany The Bank o f N ew York Chairman of the Board, President, Senior E xec utive V ice President, or any E xecutive V ice President Barclays Bank o f N e w York, N ational Association President, any V ice President, or Cashier Bradford Trust C o m p a n y .......................................................... Chairman of the Board, President, any V ice President, or Cashier European-Am erican Bank & Trust Com pany Chairman of the Board, President, any V ice Chairman, or any E xecutive V ice President J. H enry Schroder Bank & Trust Com pany Richm ond Officers Authorized to Cast V ote . . . . President, any V ice President, or Secretary N ational W estm inster Bank U S A ............................................ Chairman, or any V ice Chairman of the Board, President, any V ice President, or Cashier Sterling N ational Bank & Trust Com pany of N e w York President, any V ice President, or Cashier U BA F Arab American B a n k ................................................... Chairman of the Board, D epu ty Chairman, President, or any E xecutive V ice President Union C helsea N ational B a n k ................................................... President, any V ice President, or Cashier U nited States Trust Com pany o f N ew York President, or any V ice President . . . . Com m unity N ational Bank and Trust C om pany of N ew York .............................................................................................. President, any V ice President, or Cashier P U ER TO RICO San Juan C hief E xecutive Officer, President, any V ice President, or Cashier Banco D e Ponce 6 FEDERAL RESERVE BANK OF NEW YORK Ballot Group No. 2 N ovem ber 28, 1983 This ballot and the certificate on the certificate envelope m ust be executed by an officer w ho has been authorized to cast the vote and w hose designation has been duly certified to me. The polls w ill open at 10 a.m. on N ovem ber 29, 1983, and w ill close at 12 noon on W ednesday, D ecem ber 14, 1983. This ballot must be returned so as to reach me before the latter time. Failure to observe instructions w ill invalidate this ballot. Jo h n B r a d e m a s , Chairman of the Board. VOTE FOR CLASS A DIRECTOR OF FEDERAL RESERVE BANK OF NEW YORK for term of office from January 1, 1984 to December 31, 1986 C a n d id a t e T. J o se p h S e m r o d Chairman of the Board U nited Jersey Bank H ackensack, N . J. (Indicate vote by X below) o VOTE FOR CLASS B DIRECTOR OF FEDERAL RESERVE BANK OF NEW YORK for term of office from January 1, 1984 to December 31, 1986 C a n d id a t e J o h n R. O p e l Chairman of the Board International Business M achines Corporation Armonk, N . Y. (Indicate vote by X below) o DIRECTIONS FOR RETURN OF BALLOT 1. Mark this ballot to indicate vote for each position. 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 (with sealed pink ballot envelope enclosed therein) in envelope addressed to Mr. John Brademas, Chairman, Board of Directors, Federal Reserve Bank of New York, Federal Reserve P. O. Station, New York, N. Y. 10045. Mr . John B rademas, , Chairman Board of Directors , Federal Reserve Bank of New York, Federal Reserve P. 0 . Station, New York, N. Y. 10045 R oom 1120 CERTIFICATE ENVELOPE This E n velope Should Contain Only Ballot in Sealed Pink E nvelope It W ill N ot Be O pened U ntil Polls Close 1983 Group No. 2 To M r. Jo h n B r a d e m a s , 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 votes for a class A director and a class B director of the Federal Reserve Bank of New York for terms of office from January 1, 1984 to December 31, 1986, are as indicated (by X) in the ballot sealed herein. (Name of Bank) ( Signature of officer designated to vote. See list of member banks in Group 2 in accompanying circular.) (Location of Bank) (TITLE of Voting Officer) 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 T he marked preferential ballot should be placed in this en velope, and this envelope should then be sealed and placed in the certificate envelope.
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