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FED ER AL RESERVE BANK
O F NEW YORK

A 7 G(JlA/0?O&7
February 2, 1977

AUTHORIZED SIGNATURES

To the Member Banks of the Second Federal
Reserve District, and Others Concerned:

Enclosed is a copy of our Operating Circular No. 1, Revised February 1, 1977, con­
taining facsimile signatures of persons authorized to sign on behalf of this Bank.
The revised circular incorporates the seven outstanding supplements to the superseded
edition of the circular and reflects additional changes in the list of persons authorized to
sign on behalf of the Bank, including the following changes in the official staff:
P eter D. S ternlight, formerly Vice President, has been appointed Senior Vice President.
J ames O. A ston, formerly Assistant Vice President, has been appointed Vice President.
R ichard G. D avis, formerly Vice President, has been appointed Senior Economic Adviser.
K arl L. E ge, formerly Vice President, has been appointed Vice President and Operations Ad­
viser.
P eter F ousek , formerly Economic Adviser, has been appointed Vice President and Director
of Research.
E dwin R. P owers, formerly Assistant Vice President, has been appointed Vice President.
S uzanne Cutler, formerly Assistant Secretary, has been appointed Assistant Vice President.
M atthew J. H oey, Adviser, has retired from the Bank.
L awrence A. M ayer has been appointed an officer of the Bank with the title of Adviser.
W alter S. R ush more, Assistant Vice President, has retired from the Bank.
W illiam M. S chultz, formerly Assistant Vice President, has been appointed Assistant Gen­
eral Auditor.
Cecil A. S hepherd , formerly Equal Opportunity Officer, has been appointed Assistant Vice
President.
R ichard V ollkommer, formerly Manager, Government Bond and Safekeeping Department,
has been appointed Assistant Vice President.
J orge A. B rathwaite , formerly Data Services Officer, has been appointed Manager, and
has been assigned to the Government Bond and Safekeeping Department.
J ohn M. Casazza, formerly Supervising Examiner, Commercial Examinations Division, Bank
Examinations Department, has been appointed an officer of the Bank with the title of Assistant
Chief Examiner.
Louis J. Conroy, formerly Operations Analysis Officer, has been appointed Manager, and
has been assigned to the Records Management and Emergency Planning Department.
The appointment of R ichard D. Coopersmith as Assistant Secretary has been terminated; his
appointment as Associate Counsel continues.




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F red A. D enesevich , formerly Manager, Cranford Office, has been appointed Operations Of­
ficer at that office.
E dward H. D enhoff , formerly Manager, Utica Office, has been appointed Operations Officer
at that office.
J ane L. D etra, formerly Attorney, Legal Department, has been appointed an officer of the
Bank with the titles of Assistant Secretary and Assistant Counsel.
L awrence D. F ruchtman , formerly Attorney, Legal Department, has been appointed an
officer of the Bank with the title of Assistant Counsel.
F red J. L evin , formerly Manager, Domestic Research Department, has been appointed Senior
Economist.
J oan E. L ovett, formerly Special Assistant, Trading Room Staff, Securities Operations Divi­
sion, Securities Department, has been appointed an officer of the Bank with the title of Securities
Trading Officer.
A. J ohn M aher , formerly Supervising Review Examiner (Trust), Trust Examinations Divi­
sion, Bank Examinations Department, has been appointed an officer of the Bank with the title of
Assistant Chief Examiner.
T heodore N. O ppenheimer , formerly Assistant Secretary, has been appointed Manager, and
has been assigned to the Foreign Banking Applications Department.
The assignment of E dward J. Ozog, Manager, to the former Acceptance Department has been
terminated; his assignment to the Securities Department continues.
E rnest T. P atrikis has been appointed Assistant Secretary, continuing as Associate Counsel.
Gary H. S tern , formerly Senior Economist, has been appointed Manager, and has been assigned
to the Domestic Research Department.
R uth A nn T yler, formerly Manager, Service Department, has been appointed Equal Oppor­
tunity Officer.
S tephen P. W eis , formerly Operations Analysis Officer, has been appointed Manager, and
has been assigned to the Government Bond and Safekeeping Department.
H enry F. W iener , formerly Chief, Check Adjustment Division, Check Adjustment and Return
Items Department, has been appointed an officer of the Bank with the title of Manager, and has been
assigned to the Service Department.

Please acknowledge receipt of the operating circular by promptly returning the enclosed
receipt card.




P aul A. V olcker,

President.