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FEDERAL RESERVE BANK OF MEW YORK [ Circular No. 9752 1 November 9, 1984 Nomination of Directors For Terms of Office Ending December 319 1987 To the Member Banks of the Second Federal Reserve District: An election will be held under the provisions of section 4 of the Federal Reserve Act, as amended, to choose successors, to serve for three-year terms, to the following directors of this Bank, whose terms will expire December 31, 1984: class A director, R o b e r t A. R o u g h , President, The National Bank of Sussex County, Branchville, N.J., and class B director, E d w a r d L. H e n n e s s y , J r ., Chairman of the Board, Allied Corporation, Morristown, N.J. Both directors were elected by member banks in Group 3 and their successors will be chosen by this group. Member banks in Groups 1 and 2 will not participate in this election. The classification of member banks for the purposes of nomination and election of class A and B directors of the Federal Reserve Bank of New York is as follows: Group 1 consists of banks with capital and surplus of more than $400,000,000; Group 2, of banks with capital and surplus of $6,500,000 to $400,000,000, inclusive; and Group 3, of banks with capital and surplus of less than $6,500,000. For the purposes of this election, a member bank’s classification will be determined by its capital and surplus as of the date of this circular, even though its capital and surplus may change before the polls close. The list of banks comprising Group 3 begins on page 3. Except in the case of any member banks that are subsidiaries of the same bank holding company ,* each member bank in Group 3 is permitted to nominate one candidate for class A director * Section 4 of the Federal Reserve Act, as amended, reads in part as follows: “ . . . 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 any such nomination or election 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.” Pursuant to the foregoing provision, a nomination by any bank that is a subsidiary of a multibank holding company cannot be accepted unless there is on file with this Bank evidence that such bank has been so designated. Accordingly, banks affected by the foregoing provision of the law are requested to take prompt action to have the appropriate bank holding company designate, if it has not already designated, one of such banks to participate in this nomination and election. If such bank holding company does not have on file with this Bank an appropriate resolution either permanently designating one of such banks to participate in nominations or elections of this Bank’s directors or setting forth the authority under which such designations will be made from time to time, such bank holding company may wish to file such resolution with this Bank. A form of resolution authorizing officers of a bank holding company to make such designations is enclosed for such bank holding companies. and one candidate for class B director.t The nominations should be made by resolutions of the boards of directors of the nominating banks (or by resolutions of the banks’ executive committees, if such committees are empowered to take such action), and certified copies of such resolutions should be sent to me so as to reach me on or before Tuesday, December 11, 1984. The enclosed printed forms show the appropriate forms of resolution, and one executed copy of the appropriate form for each nomination should be returned to me. On December 12, 1984, copies of the list of candidates (indicating by whom nominated) and preferential ballots will be mailed to the banks in Group 3. The law provides that the ballot shall be cast within 15 days after receipt of this list. The polls will open at 10 a. m., December 13, 1984, and will close at 12 noon on Friday, December 28, 1984. Upon the closing of the polls, the ballot box will be opened in the board room of this Bank, 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 that occasion. In order to be counted as valid, the ballot must be executed by an officer authorized to cast the vote and must be received by me at or before the time thus fixed for the closing of the polls (i.e ., at or before 12 noon on Friday, December 28, 1984). The officers heretofore designated for this purpose by each bank in Group 3 are shown on the list beginning on page 3. Any Group 3 bank that desires to change its authorization should do so by resolution of its board of directors; a certified copy of such resolution must reach me before the polls close. A form for this purpose will be furnished upon request. Because banks in Groups 1 and 2 will not participate in this election, this circular is sent to them without forms and for their information only. John B rademas , Chairman of the Board f Section 4 of the Federal Reserve Act, as amended, reads in part as follows: “ Class A shall consist of three members, without discrimination on the basis of race, creed, color, sex, or national origin, who shall be chosen by and be representative of the stockholding banks. . . . 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 member 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 nomi nation 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 shall represent the public and shall be elected without discrimination on the basis of race, creed, color, sex, or national origin, and with due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor, and consumers. . . . No director of class B shall be an officer, director, or employee of any bank. ” “ No Senator or Representative in Congress shall be a member of the Board of Governors of the Federal Reserve System or an officer or a director of a Federal reserve bank.” [The Board of Governors of the Federal Reserve System has expressed the opinion that it is inappropriate, as a general rule, for directors of Federal Reserve Banks to hold partisan political or public office in the service of the United States, or of any State, Territory, county, district, political subdivision, or municipality thereof, or to act as members of political party committees or political fund-raising committees. The System’s policy is to avoid any situations that might give the appearance of associating the Reserve Banks with political activities.] 2 Election of Directors For Terms of Office Ending December 31, 1987 List of 132 Member Banks in Group 3 (Group 3 consists o f member banks with capital and surplus o f less than $6,500,000, on November 9, 1984.) 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 NEW JERSEY Peoples Second National B an k ...................................... President, any Vice President, or Cashier Blairstown The First National Bank of Blairstown.......................... President, any Vice President, or Cashier Branchville The National Bank of Sussex County............................ President, any Vice President, or Cashier Colonia First Bank of Colonia..................................................... 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 Elizabeth City Trust Services, National Association.................... Chairman of the Board, President, any Vice President, or Cashier Belleville Englewood Cliffs The Edgewater National Bank.................................. President, any Vice President, or Cashier 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 B ank..................................................... President, any Vice President, or Cashier Gladstone Peapack-Gladstone B ank..............................~................ President, any Vice President, or Cashier Hillsborough The Hillsborough National Bank.................................... 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 Bank . ........................................... President, any Vice President, or Cashier Maplewood The Maplewood Bank and Trust Company.................. President, any Vice President, Cashier, Treasurer, or Secretary Maywood Community Bank of Bergen County, N.J...................... President, any Vice President, or Cashier Montgomery Township The Montgomery National Bank.................................... President, any Vice President, or Cashier Morristown Horizon Trust Company, National Association............ 3 GROUP 3 NEW JERSEY (C ontinued) Place Name of Bank or Trust Company Officers Authorized to Cast Vote Newark Broad National B ank...................................................................... President, any Vice President, Cashier, or Assistant Cashier Newark City National Bank of New Jersey................................................ Chairman of the Board, President, or Cashier Newark Security National Bank and Trust Company of New Jersey........ Chairman of the Board, President, any Vice President, or Cashier Newton Midlantic National Bank/Sussex & Merchants.............................. President, any Vice President, or Cashier North Bergen Meadowlands National Bank.......................................................... President, any Vice President, or Cashier Passaic Jefferson National Bank................................................................................................................................................. Perth Amboy The First Jersey National Bank/Central.......................................... President, any Vice President, or Cashier Phillipsburg The Phillipsburg National Bank and Trust Company.................... President, any Vice President, or Cashier Piscataway The Peoples National Bank of Central Jersey................................ President, any Vice President, or Cashier Union The Union Center National B an k .................................................. President, any Vice President, or Cashier Wood Ridge The Wood Ridge National Bank.................................................... President, any Vice President, or Cashier NEW YORK Addison Community National Bank.......................................... President, any Vice President, or Cashier Albany Union National Bank.................................................. President, any Vice President, or Cashier Alden Alden State B ank....................................................... President, any Vice President, or Cashier Amenia The First National Bank of A m enia.......................... President, any Vice President, or Cashier Angola The Evans National Bank of Angola.......................... President, any Vice President, or Cashier Atlanta Atlanta National B ank................................................ President, any Vice President, or Cashier Avoca Bank of Avoca........................................................... 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 B ank........................................ President, any Vice President, or Cashier Bridgehampton The Bridgehampton National Bank............................ President, any Vice President, or Cashier Callicoon United National Bank.................................................. 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 Canton 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 Clifton Springs The Ontario National Bank of Clifton Springs President, any Vice President, or Cashier Clinton Hayes National B ank...................................... President, any Vice President, or Cashier Cortland First National Bank of Cortland.................... Chairman of the Board, President, any Vice President, or Cashier 4 GROUP 3 NEW YORK (C ontinued) Name of Bank or Trust Company Place Officers Authorized to Cast Vote Coxsackie The National Bank of Coxsackie.................................... President, or any Vice President Delhi The Delaware National Bank of D elhi.......................... President, any Vice President, or Cashier Downsville The First National Bank of Downsville........................ President, any Vice President, or Cashier Dryden The First National Bank of Dryden................................ President, any Vice President, or Cashier Dundee Dundee State Bank......................................................... 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 an k ............................................... President, any Vice President, or Cashier Endicott Endicott Trust Com pany............................................... President, any Vice President, or Treasurer Fleischmanns Deak National Bank....................................................... President, any Vice President, or Cashier Florida The National Bank of Florida........................................ President, any Vice President, or Cashier Geneva The National Bank of Geneva........................................ President, any Vice President, or Cashier Glen Head The First National Bank of Long Island........................ 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 Gloversville The Fulton County National Bank and Trust Company. 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 Guardian Bank, N.A....................................................... 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 Holland............................................................. President, any Vice President, or Cashier Jeffersonville The First National Bank of Jeffersonville...................... President, any Vice President, or Cashier Keeseville The Keeseville National Bank........................................ President, any Vice President, Cashier, or Assistant Cashier Kinderhook The National Union Bank of Kinderhook...................... President, any Vice President, or Cashier La Fargeville Jefferson National Bank.................................................. President, any Vice President, or Cashier Lisbon The First National Bank of Lisbon................................ President, any Vice President, or Cashier Lyons The Lyons National B an k .............................................. President, any Vice President, or Cashier Mahopac The Mahopac National Bank.......................................... Chairman of the Board, President, any Vice President, or Cashier Malone The Citizens National Bank of Malone.......................... President, any Vice President, or Cashier Middletown Orange County Trust Company...................................... President, any Vice President, or Secretary Millbrook Bank of Millbrook......................................................... President, any Vice President, or Cashier Monsey Peoples National Bank of Rockland County.................. President, any Vice President, or Cashier Moravia The First National Bank of Moravia.......................... President, or any Vice President Nanuet Nanuet National B an k ................................................... President, any Vice President, or Cashier New York City (see p a g e 6) 5 GROUP 3 NEW YORK (C o n tin u ed ) Place Name of Bank or Trust Company Officers Authorized to Cast Vote Newburgh The Columbus Trust Company................................ President, or any Vice President Nichols The Nichols National Bank : .................................... President, any Vice President, or Cashier Norfolk The First National Bank of N orfolk........................ President, any Vice President, or Cashier North Tarrytown The First National Bank of North Tarrytown.......... President, or Cashier Oneida The Oneida Valley National Bank of Oneida.......... Chairman of the Board, President, any Vice President, or Cashier Oneonta Wilber National Bank................................................ President, any Vice President, or Cashier Owego The Owego National Bank........................................ President, any Vice President, or Cashier Pine Plains The Stissing National Bank of Pine Plains.............. President, any Vice President, or Cashier Poughkeepsie Dutchess Bank & Trust Company........................... President, any Vice President, or Secretary Redwood The Redwood National Bank.................................... 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 Roxbury................................ President, any Vice President, or Cashier Salamanca Salamanca Trust Company........................................ President, any Vice President, Cashier, or Secretary-Treasurer Saratoga Springs The Adirondack Trust Company.............................. President, any Vice President, or Treasurer Savannah The National Bank of Savannah.............................. President, any Vice President, or Cashier Scotia First National Bank of S cotia................................ President, any Vice President, or Cashier Smithtown Bank of Smithtown................................................... President, any Vice President, or Cashier Solvay Solvay B ank.............................................................. President, any Vice President, or Cashier Spencer Tioga State B an k..................................................... President, any 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 B an k .................................... 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 Horizon Bank, National Association........................ President, any Vice President, or Cashier Watertown Seaway National Bank.............................................. President, any Vice President, or Cashier Way land The First National Bank of W ayland...................... President, any Vice President, or Cashier Willsboro Essex County-Champlain National Bank, Willsboro President, any Vice President, or Cashier Yonkers Hudson Valley National Bank.................................. President, any Vice President, or Cashier NEW YORK CITY Bronx New York National Bank............................................................................................................................... M anhattan Bessemer Trust Company, N .A ...................................................... 6 President, any Senior Vice President, any Vice President, or Secretary GROUP 3 NEW YORK YORK CITY (C on tin u ed ) Place Name of Bank or Trust Company M anhattan Capital National Bank of New York.............................................. Chairman of the Board, President, any Vice President, or Cashier The Depository Trust Company...................................................... Chairman of the Board Freedom National Bank of New Y o rk .......................................... President, any Vice President, or Cashier Golden Pacific National Bank....................................................... Chairman of the Board, President, any Vice President, or Cashier Officers Authorized to Cast Vote Gotham Bank of New York......................................................................................................................................... Hartford Trust Company of New York (A Limited Purpose Trust Company)........................................ President, any Vice President, Treasurer, or Secretary The Merchants Bank of New York................................................ President, any Vice President, Cashier, or Assistant Cashier Norwest Trust Company............................................................... President, any Vice President, Treasurer, or Cashier State Street Bank and Trust Company, National Association . . . . President, any Vice President, or Cashier Q ueens National Bank of New York C ity .................................................. President, any Vice President, or Cashier Staten Island Gateway State Bank....................................................................... Chairman of the Board, President, or any Vice President 7 DIRECTORS OF THE FEDERAL RESERVE BANK OF NEW YORK Elected by Banks in Group Robert A. Rough President The National Bank of Sussex County Branchville, N.J. A 1984 1 Alfred Brittain III Chairman of the Board Bankers Trust Company New York, N.Y. A 1985 2 T. Joseph Semrod Chairman of the Board United Jersey Bank Hackensack, N.J. A 1986 3 Edward L. Hennessy, Jr. Chairman of the Board Allied Corporation Morristown, N.J. B 1984 1 William S. Cook President and Chief Executive Officer Union Pacific Corporation New York, N.Y. B 1985 2 John R. Opel Chairman of the Board International Business Machines Corporation Armonk, N.Y. B 1986 Gertrude G. Michelson (Deputy Chairman) Senior Vice President R.H. Macy & Co., Inc. New York, N.Y. C 1984 John Brademas (Chairman) President New York University New York, N.Y. C 1985 Clifton R. Wharton, Jr. Chancellor State University of New York System Albany, N.Y. C 1986 C/J '+ - I o _o . > T3 Class 3 <D T<3D CO ^ <u . Name and Occupation Term Expires Dec. 31 CD CD <D & _ < O >D o < COIViiVSSTTEE ON R£CQtV3iViENDAT!QN OF CANDIDATES FOR DIRECTORS OF THE FEDERAL RESERVE BANK OF NEW YORK November 9, 1984 Recommendation of Candidates in the 1984 Election of Directors of the Federal Reserve Bank of New York To All Member Banks in the Second Federal Reserve District: The directors of the Federal Reserve Bank of New York to be elected in this year’s regular election, for the three-year terms ending December 31,1987, will be chosen by the member banks in Group 3, as classified by the Board of Governors of the Federal Reserve System, that is, those banks with capital and surplus of less than $6,500,000. The undersigned committee, appointed by the bankers associations of New York, New Jersey, and Connecticut to make recommendations to member banks of candidates for directors of the Fed eral Reserve Bank of New York, and to inform member banks of the qualifications of these candidates, recommends for nomination by Group 3 banks the following individuals, who have consented to serve if elected: For Class A Director ROBERT W. SV30YER President and Chief Executive Officer Wilber National Bank, Oneonta, N.Y. Robert W. Moyer was born in Glens Falls, New York, on December 21, 1932. He received a bachelor’s degree, cum laude, in Business from the State University at Albany in 1961 and a mas ter’s degree in Management from Rensselaer Polytechnic Institute in 1964. Mr. Moyer began his banking career with National Commercial Bank and Trust Company, Albany, N.Y., in 1961. He joined Wilber National Bank in 1969 as Administrative Vice President and Trust Officer, becoming Executive Vice President and Trust Officer in 1970 and a director of the bank in 1971. He has been President and Chief Executive Officer since January 1, 1973. Mr. Moyer has been a frequent lecturer at the State University College at Oneonta and at Hartwick College, and is a member of the faculty of the New York State Bankers Association’s Man agement Development School. (over) For Class B Director JOHN F. WELCH, JR. Chairman and Chief Executive Officer General Electric Co., Fairfield, Conn. John F. Welch, Jr., was born in Salem, Massachusetts, on November 19, 1935. He received a B.S. in Chemical Engineering from the University of Massachusetts in 1957, and an M.S. and Ph.D. from the University of Illinois in 1958 and 1960, respectively. Mr. Welch joined General Electric in 1960, becoming Vice President and Group Executive for components and materials in 1973 and Senior Vice President and Sector Executive for consumer products and services in 1977. In 1979, he was elected Vice Chairman of the Board and in 1981 became Chairman of the Board and Chief Executive Officer. He is a member of the Business Council, the Business Roundtable, and the National Academy of Engineering. RICHARD K. LeBLOND II, Committee Chairman Vice Chairman, Chemical Bank New York, New York ALBERT J. JULIANO President, Orange County Trust Company Middletown, New York PAUL F. MALLON Chairman and President, First National Bank of Central Jersey Bridgewater, New Jersey EUGENE T. MANN President and Chief Executive Officer, Liberty National Bank Buffalo, New York ROBERT VAN BUREN Chairman, Midlantic Banks Inc. Edison, New Jersey ROBERT WINSTANLEY President, Citizens National Bank of Fairfield Fairfield, Connecticut Nomination for Class A Director of Federal Reserve Bank of New York F o r T h r e e - Y e a r T e r m E n d in g D e c e m b e r 3 1 , 1 9 8 7 D ist r ic t N o . 2 Group No. 3 At a meeting of the Board of Directors of t h e ................................................................................. (Name of Bank) o f ................................................................................... (or of the Executive Committee of such Board) (City or Town and State) duly called and held on the...............day o f .................................................................................... 1984, on motion duly made and seconded, it was “ RESOLVED, That of whose occupation is be, and is hereby, nominated by this bank as a candidate for class A director of the Federal Reserve Bank of New York for the three-year term ending December 31, 1987, and the cashier or other officer of this bank is hereby authorized, empowered, and directed to send a certified copy of this resolution to the Chairman of the Board of Directors of the Federal Reserve Bank of New York.” I hereby certify that the foregoing is a true and correct copy of a resolution of the Board of Direct ors of this bank, or of its Executive Committee, duly adopted on the date specified. I also certify that if the foregoing resolution was adopted by the Executive Committee of this bank’s Board of Directors, such Executive Committee is empowered to so act. (S eal of B ank) (Official signature) (Title) To MR. JOHN BRADEM AS, C hairman of the B oard of D irectors, Federal R eserve B ank of N ew Y ork. Nomination for Class B Director of Federal Reserve Bank of New York For Three-Year Term Ending Decem ber 31, 1987 D ist r ic t N o . 2 G roup N o . 3 At a meeting of the Board of Directors of t h e ................................................. ............................... (Name of Bank) o f ...................................................................................(or of the Executive Committee of such Board) (City or Town and State) duly called and held on the. . ........... day o f .................................................................................... 1984, on motion duly made and seconded, it was “ RESOLVED, That of whose occupation is be, and is hereby, nominated by this bank as a candidate for class B director of the Federal Reserve Bank of New York for the three-year term ending December 31, 1987, and the cashier or other officer of this bank is hereby authorized, empowered, and directed to send a certified copy of this resolution to the Chairman of the Board of Directors of the Federal Reserve Bank of New York.” I hereby certify that the foregoing is a true and correct copy of a resolution of the Board of Direct ors of this bank, or of its Executive Committee, duly adopted on the date specified. I also certify that if the foregoing resolution was adopted by the Executive Committee of this bank’s Board of Directors, such Executive Committee is empowered to so act. (S eal of B ank) (Official signature) (Title) To MR. JOHN BRADEM AS, C hairman of the B oard of D irectors, Federal R eserve B ank of N ew Y ork. Authorisation for Officers of Bank Holding Company To Designate Subsidiary Member Bank to Participate in Elections of Directors of Federal Reserve Bank of New York D istrict N o .2 At a meeting of the Board of Directors (or of its Executive Committee) of the ( N a m e a n d L o c a tio n o f B a n k H o ld in g C o m p a n y ) duly called and held on t h e ................... day o f ....................................... , 19........... , on motion duly made and seconded, it was “ RESOLVED, that t h e .............................................................................................................. ( T i t l e ( s ) o f d e s ig n a t e d officer ( s ) ) of this bank holding company be and (any one of them) is hereby authorized to designate on behalf of the company from time to time one subsidiary bank to participate in the nomination and election of directors of the Federal Reserve Bank of New York; Provided, That such subsidiary bank is a member of the Federal Reserve System and is not otherwise disqualified from participating in such elections. “ RESOLVED FURTHER, That the authority hereby granted shall continue in force until revoked by the Board of Directors of this bank holding company and that such authority heretofore conferred on any officer of this bank holding company is hereby revoked. ’’ I hereby certify that the foregoing is a true and correct copy of a resolution of the Board of Directors of this bank holding company, or of its Executive Committee, duly adopted on the date specified. I also certify that if the foregoing resolution was adopted by the Executive Committee of this company’s Board of Directors, such Executive Committee is empowered to so act. Dated the ................. day o f ............................................. , 19.................. (O ffic ia l s ig n a t u r e ) (S eal of B ank H olding Company ) (Title) T o Chairman of the B oard of D irectors, F ederal R eserve B ank of N ew Y ork.
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