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n / (j>7 <$(c (1 i FEDERAL RESERVE BANK OF NEW YORK I l f f l l l 1 B i l i l l l ! V Jd February 1970 SECOND FEDERAL RESERVE DISTRICT Head Office ♦ 33 Liberty Street Federal Reserve P.O. Station New York, N.Y. 10045 212-732-5700 Branch ♦ 160 Delaware Avenue Buffalo, N.Y. 14240 716-853-1700 Relocation Office ♦ 113 South Cayuga Street Ithaca, N.Y 607-273-2640 14850 FEDERAL RESERVE BANK OF NEW YORK February 2,1970 To All Banks in the Second Federal Reserve District: This edition of the directory of this Bank follows the design of the directory we issued and sent you in January 1969, which is now super seded. The first part is a telephone directory, listing operational matters on which we receive frequent telephone inquiries, the departments in which they are handled, and telephone extensions to which such inquiries can be directed. The second part, beginning on page 24, is an organization directory, showing the functional organization of the Bank and its departments and divisions, together with the names of the officers, division chiefs, and cer tain senior staff members of the Bank. New appointments of officers and changes in their titles are announced currently in supplements to, or revi sions of, our Operating Circular No. 1, “ Authorized Signatures.” The use of this directory should aid you in directing your com munications to the appropriate persons and units in this Bank. We will be pleased to furnish additional copies upon request. A lfred H a y e s , President. CONTENTS Page Telephone Directory General information for b a n k s.............. 5 Head O ffice................................................ 6 Buffalo B ran ch ..........................................20 Organization Directory Head Office Administrative Services.......................... 24 A u d it ..........................................................25 Bank Supervision and Relations.............. 25 Cash and Collections................................ 26 Consumer Information and Securities Regulations..........................26 F o re ig n ......................................................26 Government Bond and Safekeeping of Securities..........................................27 L e g a l..........................................................27 Loans and C redits....................................27 Open Market Operations and Treasury Issu es....................................28 Payment S ystem s....................................28 Personnel ..................................................28 Public Inform ation.................................. 29 Research and S tatistics..........................29 Secretary’s Office......................................29 Buffalo B ranch..............................................30 Directors ......................................................31 Member of Federal Advisory Council........ 31 Officers ..........................................................32 NOTE: The lettered Regulations referred to in this Directory are Regulations of the Board of Governors of the Federal Reserve System. HEAD OFFICE DEPARTMENTAL Accpt. Acctg. Audit. B. Exam. Bk. Rel. Bk. Std. Bid. Op. CISR Coll. Comp. S. Cr. Dis. Dom. Rs. Forgn. Gov. Bd. Int. Rs. Man. In. Paym. S. Plan. Prot. Pub. In. Sav. Bd. Secy. 0. Secur. Srvce. Stat. 4 ABBREVIATIONS Acceptance Accounting Auditing Bank Examinations Bank Relations Banking Studies Building Operating Consumer Information and Securities Regulations Collection Computer Services Credit and Discount Domestic Research Foreign Government Bond and Safekeeping International Research Management Information Payment Systems Planning Protection Public Information Savings Bond Secretary’s Office Securities Service Statistics F E D E R A L R E S E R V E B A N K OF N E W TELEPHONE DIRECTORY YORK General information for banks 1. For any inquiry on an operation not listed in this directory, call Bank Rela tions (Head Office: 212-732-5700, Extension 672 or 377; Buffalo Branch: 716-8531700, Extension 208). 2. On page 4 and the inside of the back cover are listed Head Office depart mental abbreviations. These abbreviations are used in the telephone directory to indicate departments in which the listed operations are conducted. 3. Collect calls. A collect call can be made concerning any of the following matters: (a) On a sizeable adjustment to correct an entry on your statement of account or because a large cash or noncash item or a cash or noncash letter was missent from this Bank or from its Buffalo Branch. (b) When a difference appears on our advice of the automatic charge for a cash letter to a paying bank, or such cash letter is not received. (c) On a request to us to make a telegraphic transfer of bank balances in ac cordance with this Bank’s Operating Circular No. 10, paragraphs 8 and 15. (d) On a request to us from a member bank on how to subscribe for Govern ment securities when the bank has not received forms therefor for timely submission. (e) When a bank calls our Auditing Department for information on our books at the request of an examiner of a supervisory authority. ( f ) When a member bank calls for advice of its reserve balance on our books. 4. In accordance with this Bank’s Operating Circulars, requests for currency or coin (No. 3, paragraph 20) or the delivery of securities from or for safekeeping (No. 14, paragraph 11) should ordinarily not be made by telephone; if, in an emergency, such a request is made by telephone, prompt written confirmation will be necessary. When an emergency telephone call is made to order cash or savings bond stock, or to complete a transaction such as a wire transfer, a collection, or the delivery of securities from or for safekeeping, please be prepared to furnish the required test word. 5. Requests for supplies, including forms, furnished by us should also ordi narily not be made by telephone. To avoid emergency requests for supplies, reorder when your inventory has declined to about a three-week supply. 5 HEAD OFFICE Telephone 212-732-5700 A Dept. Acceptances .......................................................................... Accpt. Bankers’—monthly survey, open market transactions, Regulations B and C Trade, open market transactions Accounts Foreign central banks, foreign governments, and in ternational financial organizations—payment and deposit of fu n d s .......................................................... Forgn. Member and nonmember clearing banks...................... Acctg. Adjustments (missing or unrecognized entries) * Current day’s opening balance* Prior days’ balances* Reconciliations (See Audit confirmations) Remittance, cash le t t e r .................................................. Acctg. Savings bond issuing agents—consignm ent................ Sav. Bd. Treasurer of United States, deposits by general de positaries for credit t o ................................................ Acctg. Treasury Tax and Loan accounts Commercial paper as collateral.................................. Cr. Dis. Other m a tters.............................................................. Gov. Bd. Adjustments Cash le tte r s...................................................................... Check Current Noncurrent Special inquiries Checks returned without e n tr y ...................................... Check Coin claims and differences............................................ Cash Currency claims and differences.................................. Cash Direct sending of ch eck s................................................ Acctg. Government checks —reclamations................................ Coll. Missing or unrecognized entries*.................................. Acctg. Reserve account (See Member bank accounts) Advances and discounts (Regulation A ) .......................... Cr. Dis. Agency securities, U.S. Government................................ Gov. Bd. Armed Forces Leave Bonds —redem ption........................ Sav. Bd. Armored car service, currency and c o in ............................ Cash Audit confirmations Information from this Bank’s records*........................ Audit. Requests for, made by this Bank’s Auditing Depart ment .............................................................................. Audit. Autom atic charge plan (fo r cash letters to paying banks)* ............................................................................ Acctg. *F o r calls that can be made collect, see page 5, paragraph 3. 6 Extension 708 708 602 250 553 250 450 787 460 609 260 241 668 263 227 677 598 356 540 250 609 393 493 416 590 705 450 Telephone 212-732-5700 HEAD OFFICE B Dept. Balance of payments (U.S.) Current developments ....................................................Int. Rs. Statistical information ..................................................Int. Rs. Treasury foreign exchange re p o r ts..............................Int. Rs. Voluntary foreign credit restraint program Filing of required data ..............................................Int. Rs. Guidelines ....................................................................Forgn. Statistical information ..............................................Int. Rs. Bank holding companies (Regulation Y ) ........................B. Exam. Bank protection regulations (Regulation P) ..................B.Exam. Bank service arrangements (R e g u la tio n s ).................... B.Exam. Bills of exchange—acceptance by member banks, open market transactions (Regulations B and C) .............. Accpt. Extension 352 115 742 8035 163 8035 8297 669 701 708 Bonds (See Collections; Government (U.S.) securities; Inter-American Development Bank bonds; Interna tional Bank for Reconstruction and Development bonds; Retirement Plan bonds; Safekeeping; Savings bonds and notes) Branch applications ............................................................B. Exam. Domestic 8297 Foreign 560 Building (Bank), operation o f ..........................................Bid. Op. 8281 C Capital stock of Federal Reserve Banks Issue and cancellation (Regulation I) ..........................B. Exam. 669 D ividends..........................................................................Secur. 784 Cash (See Coin; Currency) Checkbooks for member and nonmember clearing banks. . Plan. 8065 Checks Automatic charge plan (for cash letters to paying banks)* ........................................................................Acctg. Clearing arrangements Establishment and operation ....................................Check Settlement of balances City, outside New York C it y ..................................Coll. Other ........................................................................Acctg. Design and preprinting..................................................Check Direct sending Adjustments ................................................................Acctg. 450 797 8042 250 574 356 *F o r calls that can be made collect, see page 5, paragraph 3. 7 HEAD OFFICE Telephone 212-732-5700 Dept.Extension Checks—Direct sending—Continued Advices of cash letters s e n t........................................ Acctg. 553 Permission .................................................................. Check 797 Drawn on accounts with us of foreign central banks, foreign governments, and international organizations........................................ Forgn. 602 Drawn on this Bank, certification o f ............................ Cash Encoding (MICR) .......................................................... Check Government (U.S.) ch e ck s............................................ Check Incoming items on New York City bank s...................... Check Incoming items on other than New York City banks. . . Check Money orders, postal........................................................ Check New York City Clearing House, claims and allowances. Check Par l i s t ..............................................................................Check Recall of presentment...................................................... Check Regulation J .................................................................... Check Reserve accounts, drawn on Deposits of, by h a n d ....................................................Coll. Other inquiries con cern in g........................................Acctg. Returned without e n tr y .................................................. Check Return ite m s .................................................................... Check Advices of nonpayment Rules on advices, lateness, and protest Sent by this Bank to data-processing centers................ Check Transportation routes of motor ca rrie rs...................... Check 207 574 738 312 418 738 359 665 665 474 Circulars, B a n k .................................................................... Secy. O. 758 506 553 227 216 324 321 797 Clearing arrangements (See Checks and Government (U.S.) securities) C o in ........................................................................................Cash Armored car service Claims and differences Deposit and order forms Request for shipment Shipment to this Bank 416 315 414 414 414 Collateral for advances to member ban k s.......................... Cr. Dis. 609 Collections ............................................................................Coll. Coupons, payment of, on obligations of U.S. or its agencies, International Bank for Reconstruction and Development, and Inter-American Development Bank 202 8 HEAD OFFICE Telephone 212-732-5700 Dept.Extension Maturing and matured bonds and coupons (other than obligations of U.S. and its agencies) Payable in New York City Payable outside New York City Notes, drafts, and other noncash items Fate of collection Handling (maturity dates, signatures, etc.) Payable in New York City Payable outside New York City Recall of collection Tracers Commercial bank and commercial paper statistics..........Stat. Commercial Credit File and related forms, distribution o f ....................................................................................... Cr. Dis. Commodity Credit Corporation—payment of drafts drawn under letters of commitment..............................Coll. 343 620 540 506 530 750 540 540 558 366 506 Condition reports of State member bank s........................B. Exam. 690 Consumer Credit Cost Disclosure (Regulation Z ) .......... CISR 8209 Consumer credit statistics................................................. Stat. 558 Corporations doing foreign banking or other foreign financing under the Federal Reserve Act (Regulation K) ..................................................................................... B. Exam. 560 Coupons (See Collections) Credit ................................................................................... Cr. Dis. Advances and discounts by Federal Reserve Bank Eligibility of paper offered for discount or as collat eral for advances or Treasury Tax and Loan account Credit aspects Maturity, negotiability, and other factors Loan guarantees for defense production (Regulation V) Applications for and credit aspects Guarantee and commitment fees, and interest Restraint, foreign (See Balance of payments) 609 8091 609 8091 609 Credit on securities by banks, brokers, dealers, or others (Regulations G, T, and U ) ................................................CISR 8209 Cuban Assets Control regulations of the U.S. Treasury .. Forgn. 291 Currency Armored car serv ice........................................................Cash Bag-tag envelopes for deposit tickets............................Cash 416 255 9 HEAD OFFICE Telephone 212-732-5700 Currency—Continued Dept. Claims and differences...................................................... Cash Counterfeit........................................................................Cash Counterfeit e x h ib it.......................................................... Pub. In. Deposit and order f o r m s ................................................Cash M utilated...........................................................................Cash Redemption of uncurrent cu rren cy................................ Cash Regulations........................................................................ Cash Request for shipm ent......................................................Cash Shipment to this B a n k .................................................... Cash Unusual transactions (Treasury Form T C R 1)............ Cash Currency, historical data and related in form ation ........ Pub. In. D Deposits Federal ta x e s .................................................................... Comp. S. For account of foreign central banks, foreign govern ments, and international financial organizations . .. Forgn. Reserve account checks by h a n d .................................... Coll. Directors, this Bank’s procedures for election o f ............ Secy. O. Discounts (See Credit) Dividends on capital stock of Federal Reserve Bank . . . .Secur. Drafts, acceptance by member b a n k s................................ Accpt. Drafts drawn under letters of commitment issued by Commodity Credit Corporation...................................... Coll. E Examination reports............................................................ B. Exam. Bank holding companies Edge Act corporations State member banks Automation Commercial departments and affiliates Foreign departments and branches Trust departments Exhibits ................................................................................Pub. In. Expenditures........................................................................Acctg. Export-Import Bank of the U.S...........................................Gov. Bd. Debentures and participation certificates Delivery of securities Discount notes F Farm Credit File and related forms, distribution of . . . .Cr. Dis. Federal banking laws (criminal), reporting possible violations o f ...................................................................... B.Exam. 10 Extension 598 430 587 414 255 420 535 207 255 207 144 245 602 506 285 784 708 506 618 8168 203 618 8168 683 169 592 632 242 393 366 487 HEAD OFFICE Telephone 212-732-5700 Dept. Federal funds—operations and market sta tistics.......... Stat. Federal National Mortgage A ssociation.......................... Gov. Bd. Debentures Delivery of securities Discount notes Federal Open Market Committee, Regulation relating to open market operations of Federal Reserve Banks . . . . Secur. Federal Reserve Bank of New York Capital stock—dividends..................................................Secur. Capital stock—issue and cancellation............................ B. Exam. Circulars ..........................................................................Secy. 0. Directory ..........................................................................Secy. 0. Exhibits ............................................................................Pub. In. Monthly Review, subscriptions......................................Pub. In. Operations and general inform ation............................Pub. In. Tours of the B a n k ............................................................Pub. In. Weekly News Review, subscriptions..............................Pub. In. Extension 8160 632 242 393 652 784 669 758 758 169 169 144 289 169 Federal Reserve System Films ................................................................................Pub. In. 169 General inform ation........................................................Pub. In. 144 M embership......................................................................Bk. Rel. 672 Regulation H ................................................................B. Exam. 8297 Talks ..................................................................................Pub. In. 289 Federal taxes, deposits o f ..................................................Comp. S. 245 Films, Federal R eserv e......................................................Pub. In. 169 Financial statement forms, distribution o f ......................Cr. Dis. 366 Food stamp coupons..............................................................Coll. 202 Foreign Assets Control regulations of the U.S.Treasury. Forgn. 291 Foreign branches of national banks (Regulation M) . . . .B. Exam. 560 Foreign central banks, foreign governments, and inter national financial organizations, accounts o f .............. Forgn. 437 Cablegrams, radiograms, telegrams, and telex mes sages concerning 437 Foreign exchange transactions 159 Gold transactions 439 Payment and deposit of funds 602 Foreign countries—economic conditions............................Int. Rs. 544 Foreign credit restraint (See Balance of payments) Foreign exchange rates, certification of, under Tariff Act of 1930 ......................................................................Forgn. 545 Foreign exchange transactions..........................................Forgn. 159 11 HEAD OFFICE Telephone 212-732-5700 Dept. Foreign Funds Control regulations of the U.S. Treasury....................................................................Forgn. Forms and supplies Advice forms for cash letters sent d ir e c t......................Check Consolidated shipments (rainbow sheets) Other direct sendings (Form BK140) Coin deposit and coin order fo r m s ................................ Cash County clearing advice f o r m s ........................................ Acctg. Credit folders and financial statement and other cred it fo r m s ..........................................................................Cr. Dis. Currency deposit and currency order fo r m s ................Cash Labels, loose for airmail pouch containing cash letters. Check Report of deposits and vault cash (Forms No. RB23 and No. RB26), reserve position computation work sheets (Form No. RB24), and four-week report of certain Euro-dollar transactions (Form No. RB31) . Acctg. Return items, cash letter forms f o r .............................. Check Savings bonds and notes.................................................. Sav. Bd. Issuing and paying agent stamps Penalty envelopes Requisition forms Sales and spoiled bonds reports Other fo r m s ...................................................................... Plan. Functional cost analysis program for member banks . . .Bk. Rel. Extension 291 418 797 414 553 366 414 797 685 324 655 655 734 787 8049 586 G Gold, issuance of checks for use in purchasing from U.S. Assay O ffice......................................................................Coll. 8042 Gold Reserve Act of 1934 .................................................... Forgn. 439 Government (U.S.) agency secu rities.............................. Gov. Bd. 393 Delivery of securities 242 Government (U.S.) checks Cash le tte r s ......................................................................Check Reclamations (stolen, forged endorsements, etc.) . . . .Coll. 738 540 Government National Mortgage A ssociation.................. Gov. Bd. Participation certificates 632 Delivery 242 Government (U.S.) securities (other than savings bonds) Book-entry ...................................................................... Gov. Bd. 260 Cash subscriptions to new issues P aym en t........................................................................Gov. Bd. 393 12 HEAD OFFICE Telephone 212-732-5700 Dept. Tenders, subscriptions, and allotments*.................... Secur. Circulars offering, requests f o r ......................................Secy. 0. Clearing arrangement (N.Y. City banks) ....................Gov. Bd. Administration Setttlement of balances Telegraphic transfers Closing market quotations and y ie ld s............................Stat. Dealer operations and statistics....................................Stat. Delivery ............................................................................Gov. Bd. Denominational exchange of bearer securities............ Gov. Bd. Exchange subscriptions*..................................................Gov. Bd. Issue and redem ption......................................................Gov. Bd. Lost, stolen, destroyed, or m utilated.............................. Gov. Bd. Bearer Registered Purchases and sales for member bank s........................ Secur. Redemptions to pay Federal estate ta x e s......................Gov. Bd. Registration and exchange of bearer and registered .. Gov. Bd. Extension 652 758 8140 8054 441 172 8160 242 325 393 393 393 632 625 632 632 Guildelines for foreign credit restraint (See Balance of payments) I Income and expense reports of State member banks .. . .B. Exam. 690 Information from published sources on Federal Reserve System, U.S. Treasury, banking, finance, and mone tary affairs ......................................................................Dom. Rs. 435 Inter-American Development Bank bon d s........................Gov. Bd. Delivery Issue or exchange Registration or transfer 242 393 632 Interest, payment of, on deposits (Regulation Q ) .......... B. Exam. 8220 Interlocking bank directorates under the Clayton Act (Regulation L) ................................................................B. Exam. 8297 International Bank for Reconstruction and Develop ment b o n d s........................................................................Gov. Bd. Delivery 242 Issue or exchange 393 Registration or transfer 632 International financial organizations, accounts o f .......... Forgn. 438 Interpretations of Board of Governors, binder service fo r . Secy. O. 758 *F or calls that can be made collect, see page 5, paragraph S. 13 HEAD OFFICE Telephone 212-732-5700 Dept. Extension L Letters of commitment issued by Commodity Credit Corporation—payment of d r a ft s .................................... Coll. Letters of credit by certain U.S. agencies—payment of vouchers drawn on Treasurer of U.S. u n d er................Coll. Library, R esearch................................................................Dom. Rs. Licenses under Foreign Assets Control, Foreign Funds Control, Cuban Assets Control, and Rhodesian Sanc tions regulations of the U.S. Treasury.......................... Forgn. Loan guarantees for defense production (Regulation V ) . Cr. Dis. Loans to executive officers of member banks (Regula tion 0 ) .............................................................................. B. Exam. Loans to member b a n k s......................................................Cr. Dis. 506 513 435 291 8091 8150 609 M Mail, incoming and o u tg oin g .............................................. Srvce. 681 Management information, internal.................................... Man. In. 106 8209 Margin regulations (Regulations G, T, and U ) .............. CISR Market statistics on certificates of deposit, Federal funds, repurchase agreements, and Government se curities ..............................................................................Stat. 8160 Member bank accounts........................................................ Acctg. Adjustments (missing or unrecognized entries)*........................... 250 Current day’s opening balance*......................................................... 553 Prior days’ balances*...........................................................................250 Membership of State banking institutions in the Fed eral Reserve S ystem ........................................................ Bk. Rel. 672 Regulation H .................................................................... B. Exam. 8297 Merger applications ............................................................ B. Exam. 8297 Money orders, p o s t a l.......................................................... Check 738 Monthly Review, subscriptions.......................................... Pub. In. 169 N New York City Clearing House—claims and allowances. .Check Noncash items (notes, drafts, etc.), collection o f ............ Coll. Collection letters, direct-sent Maturing or matured bonds and coupons (other than obligations of U.S. and its agencies) Nonmember clearing a ccou n ts.......................................... Acctg. Adjustments (missing or unrecognized entries) * Current day’s opening balance Prior days’ balances *F o r calls that can be made collect, see page 5, paragraph 3. 14 359 506 782 341 250 553 250 HEAD OFFICE Telephone 212-732-5700 Dept. O Open market purchases and sales Bankers’ and trade acceptances and bills of exchange. . Accpt. Government (U.S.) securities........................................Secur. Operating ratios, reports of member b a n k s...................... Bk. Std. Operations of member banks—su rveys..............................Bk. Rel. P Par l i s t ..................................................................................Check Payment vouchers on letters of credit issued by Govern ment agencies ....................................................................Coll. Payment systems, studies o f ..............................................Paym. S. Philippine Government bonds, redem ption......................Gov. Bd. Planning, internal ..............................................................Plan. Postal deposits ................................................................... Cash Postal money o r d e r s............................................................Check Protection, internal ............................................................Prot. Publications, distribution (See also Circulars, Regula tions, Reports, Surveys) ................................................Pub. In. Public information, Federal Reserve, general (See also Information) ....................................................................Pub. In. Puerto Rico Government bonds, redemption....................Gov. Bd. Purchase of supplies............................................................Plan. Purchase of warrants (Regulation E ) ..............................Secur. Extension 708 625 8130 586 665 506 8126 393 178 443 738 225 169 144 393 8065 652 R Registration statements and other reports of State mem ber banks under Regulation F ........................................B. Exam. 8150 Regulations and published interpretations of the Board of Governors—distribution..............................................Secy. O. 758 Regulations A —Advances and discounts by Federal Reserve Banks. Cr. Dis. B —Open market purchases of bills of exchange, trade acceptances, and bankers’ acceptances (under Section 14 of the Federal Reserve A c t ).............. Accpt. C —Acceptance by member banks of drafts or bills of exchange ................................................................Accpt. D —Reserves of member banks........................................Acctg. E —Purchase of w arrants................................................Secur. F —Securities of member State banks............................ B. Exam. G —Credit on securities by persons other than banks, brokers, or dealers................................................CISR H —Membership of State banking institutions in the Federal Reserve S ystem ......................................B. Exam. 609 708 708 685 652 8150 8209 8297 15 HEAD OFFICE Telephone 212-732-5700 Regulations—Continued Dept. I —Issue and cancellation of capital stock of Federal Reserve Banks........................................................ B. Exam. J —Collection of checks and other items by Federal Reserve Banks C hecks.................................................................. Check Maturing or matured bonds and coupons (other than obligations of U.S. and its agencies). . Coll. O th er.................................................................... Coll. K —Corporations doing foreign banking or other for eign financing under the Federal Reserve A c t ... B. Exam. L —Interlocking bank directorates under the Clayton Act ..........................................................................B. Exam. M —Foreign activities of national banks........................ B. Exam. Extension 669 474 341 506 560 8297 560 0 —Loans to executive officers of member banks.......... B. Exam. 8150 P —Security devices and procedures for State mem ber b an k s................................................................ B. Exam. 669 Q —Interest on d ep osits.................................................. B. Exam. 8220 R —Relationships with dealers in securities under Section 32 of the Banking Act of 1933................ CISR S —Bank service arrangements...................................... B. Exam. T —Credit by brokers, dealers, and members of na tional securities exchanges.................................. CISR U —Credit by banks for the purpose of purchasing or carrying securities................................................ CISR V —Loan guarantees for defense production................ Cr. Dis. Y —Bank holding com panies.......................................... B. Exam. Z —“ Truth in lending” (Consumer Credit Cost Dis closure) ...................................................................CISR Remittances for cash letters and adjustments thereon. .. Acctg. Reports Commercial p a p e r............................................................ Stat. Condition, State member banks...................................... B. Exam. Consumer c r e d it .............................................................. Stat. Deposits and vault ca sh .................................................... Acctg. Electric power series........................................................Stat. Euro-dollar transactions................................................ Acctg. Examinations, State member bank s.............................. B. Exam. Commercial departments Trust departments Federal funds transactions............................................ Stat. Functional cost analysis—member banks........................ Bk. Rel. 16 8209 701 8209 8209 8091 8297 8209 450 617 690 558 685 558 685 618 683 172 586 HEAD OFFICE Telephone 212-732-5700 Dept. Extension Government securities dealer operations......................Stat. 197 Income and expense—State member banks.................... Bk. Std. 8130 Operating ratios, member banks....................................Bk. Std. 8130 Registration statements and other reports of State member banks under Regulation F ............................B. Exam. 8150 Stock brokers’ credit and debit balances........................ Stat. 558 Surveys of deposits, interest rates, financial practices, and other banking and financial developments.......... Stat. 558 Treasury foreign exchange..............................................Int. Rs. 742 Unusual currency transactions (Treasury Form TCR l) Cash 207 Voluntary foreign credit restraint program.................. Int. Rs. 8035 433 Weekly reporting member bank statement.................... Stat. Reserve accounts..................................................................Acctg. Adjustments (missing or unrecognized entries)* 250 Current day’s opening balance* 553 Prior days’ balances* 250 Reserve requirements (Regulation D ) ..............................Acctg. 685 Retirement Plan bon ds........................................................Sav. Bd. Issue 695 Redemption 494 Return items..........................................................................Check Advice of nonpayment Rules on advices, lateness, and protest 216 324 Rhodesian Sanctions regulations of U.S. Treasury.......... Forgn. 291 S Safekeeping..........................................................................Gov. Bd. Acceptability of securities Instructions Deposit of securities Withdrawal of securities Other (including book-entry) Savings bonds and n otes......................................................Sav. Bd. Consignment accounts of issuing agents Exchange of Series E for Series H Lost, stolen, or mutilated, claims for Original issue Redemption Credits to agents Other matters 351 351 392 260 734 493 639 695 454 493 *F o r calls that can be made collect, see page 5, paragraph 3. 17 HEAD OFFICE Telephone 212-732-5700 Dept. Savings bonds and notes—Continued Sav. Bd. Reissue Supplies Agent stamps and penalty envelopes Application, report, and requisition forms Securities (See Agency securities, U.S. Government; Collections; Government (U.S.) securities; InterAmerican Development Bank bonds; International Bank for Reconstruction and Development bonds; Regulations F, G, R, T, and U ; Retirement Plan bonds; Safekeeping; Savings bonds and notes) Securities of member State banks (Regulation F ) .......... B. Exam. Security devices and procedures for State member banks (Regulation P) ................................................................ B. Exam. Signatures, authorized by Second District banks and others ................................................................................ Acctg. Speakers on Federal Reserve and related matters............ Pub. In. Stop-payment orders .......................................................... Acctg. Surveys Bankers’ acceptances outstanding, monthly.................. Accpt. Banking and financial developments.............................. Stat. Income and expense, of member banks’ trust depart ments ............................................................................ B. Exam. Operations Accrual, audit, automation, bookkeeping, loan, teller, transit, and credit file installations............ Bk. Rel. Member banks’ trust departments.............................. B. Exam. State member banks’ automated system s.................. B. Exam. Extension 494 655 734 8150 669 751 289 751 708 558 683 586 683 203 T Talks and speeches................................................................ Pub. In. 289 Taxes, Federal, deposits o f .................................................. Comp. S. Telegrams, domestic (incoming and outgoing)................ Coll. Commercial (Western Union) Coding, decoding, testing Federal Reserve leased-wire system Telegraphic transfer of U.S. Government Securities. . . . Gov. Bd. Through the clearing arrangement for Government securities Other transfers 245 18 755 462 755 441 754 HEAD OFFICE Telephone 212-732-5700 Dept. Extension Tours of B a n k ......................................................................Pub. In. 289 Transfer of funds Automatic Teletype System (ATS) —certain New York City banks Adjustments (routine) ..............................................Coll. O th er..............................................................................Coll. 382 8042 Domestic banks (not in ATS) * ......................................Coll. Test words......................................................................Coll. 8042 462 Foreign central banks, foreign accounts, and inter national financial organizations ............................... Forgn. 602 Treasurer of the U.S., deposits by general depositaries for credit t o ......................................................................Acctg. 460 Treasury foreign exchange reports....................................Int. Rs. 742 Treasury securities (See Government (U.S.) securities) Treasury Tax and Loan accounts Customers’ notes as collateral........................................Cr. Dis. Other m a tte rs..................................................................Gov. Bd. Trust department su rveys..................................................B. Exam. “ Truth in lending” (Regulation Z ) .................................... CISR 609 260 683 8209 V Visits to banks......................................................................Bk. Rel. 672 Voluntary foreign credit restraint program Filing of required data....................................................Int. Rs. Guidelines ........................................................................Forgn. Statistical inform ation....................................................Int. Rs. 8035 163 8035 Vouchers drawn on Treasurer of U.S. pursuant to letters of credit issued by certain U.S. agencies........................ Coll. 513 W Weekly News Review, subscriptions.................................. Pub. In. 169 *For calls that can be made collect, see page 5, paragraph 3. 19 BUFFALO BRANCH Telephone 716-853-1700 A Extension A ccou n ts............................................................................................ .... 242 Rem ittance.................................................................................... .... 242 R eserve*........................................................................................ .... 242 Adjustments—missing or unrecognized entries*.......................... .....236 Advances and discounts (Regulation A ) ........................................ .....227 Audit confirmations and requests for statements of accounts*.. 272 Automatic charge plan (for cash letters to paying banks)*. . . . 240 B Bank relations m atters.................................................................... .....208 Branch applications........................................................................ .....208 C Cash Armored car service, currency claims and differences, unusual transactions.............................................................................. .... 215 Other matters .............................................................................. .... 215 Checkbooks for member and nonmember clearing banks............ .... 240 Checks Adjustments C u rren t...................................................................................... .... 254 Noncurrent................................................................................ .... 249 Automatic charge plan (for cash letters to paying banks)* . . 240 Buffalo Clearing H o u s e .............................................................. .... 246 Clearing arrangements .............................................................. .... 243 Direct sen d in g.............................................................................. .... 236 Encoding (MICR) ...................................................................... .... 249 Incoming ...................................................................................... .... 245 Regulation J .................................................................................. .... 208 Returned without e n tr y .............................................................. .... 254 Return items Advices of nonpaym ent.......................................................... .... 248 Rules on advices, lateness, and protest.................................. .... 249 Sent by Branch to data-processing centers................................ .... 245 Transportation routes ................................................................ .... 249 Circulars, B a n k ................................................................................ .... 228 Collections Bonds and coupons (other than obligations of U .S .) .............. .... 252 Commodity Credit Corporation deposits.................................. .... 252 Coupons, payment of, on obligations of U.S., its agencies, and international organizations.................................................... .... 229 *F o r calls that can be made collect, see page 5, paragraph 3. 20 BUFFALO BRANCH Telephone 716-853-1700 Extension Government checks and postal money orders Cash le tte r s ...................................................................................244 Reclamations (stolen, forged endorsements, etc.) ...................252 Notes, drafts, and other noncash ite m s .........................................252 Condition reports of State member b a n k s.........................................225 Coupons (See Collections) Credit (Regulation A ) .........................................................................227 D Data processing.....................................................................................244 Deposits of Federal ta x e s.....................................................................242 E Examination reports .......................................................................... 202 Expenditures ...................................................................................... 241 F Federal banking la w s .......................................................................... 204 Federal Reserve Bank of New York Dividends on capital s to c k .............................................................. 204 Operations and general inform ation.............................................. 204 Federal Reserve System M em bership...................................................................................... 208 Operations and general inform ation.............................................. 208 Food stamp coupons Accounting for sales o f .................................................................. 240 Payment o f ........................................................................................ 215 Functional cost analysis program for member ban k s.................. .... 208 G Gold Reserve Act of 1934 .................................................................... 208 Government (U.S.) and agency securities........................................ 229 Cash subscriptions*..........................................................................226 I Income and expense reports of State member ba n k s.................. .... 225 Information, Federal R eserve............................................................ 208 Interpretations of Board of Governors.............................................. 208 *F or calls that can be made collect, see page 5, paragraph S. 21 BUFFALO BRANCH Telephone 716-853-1700 L Letters of credit by certain agencies—payment of vouchers drawn on Treasurer of U.S........................................................... Extension 252 L ib r a r y .............................................................................................. 228 M Mail, incoming and ou tg oin g .......................................................... 250 Membership of State banking institutions in the Federal Re serve S y ste m ................................................................................ 208 Merger applications ........................................................................ 208 Money orders, postal ...................................................................... 244 O Operating ratios, reports of member banks.................................. 208 Operations of member banks—su rveys.......................................... 208 P Payment vouchers on letters of credit issued by Government agencies ........................................................................................ 252 Purchase of supplies ...................................................................... 259 R Regulations A—Advances and discounts........................................................ Distribution and se rv icin g ........................................................ D —Reserves of member b a n k s.................................................. G —Credit on securities by persons other than banks, brokers, or d ealers............................................................................ J—Collection of checks and other items by Federal Reserve Banks Cash ite m s ...................................................................... Noncash ite m s ................................................................ Q —Interest on deposits................................................................ T—Credit by brokers, dealers, and members of national secur ities exchanges.................................................................. U —Credit by banks for the purpose of purchasing or carrying securities .......................................................................... Z —“ Truth in lending” Inquiries.......................................................................... 227 228 240 266 208 252 266 266 266 266 Requests for rate ta b les................................................ 224 Other regulations........................................................................ 208 Reserve requirements .................................................................... 240 Return ite m s .................................................................................... 248 22 BUFFALO BRANCH Telephone 716-853-1700 Extension S Safekeeping.......................................................................................... 227 Savings b o n d s ...................................................................................... 237 Signatures........................................................................................ .... 243 Stop-payment orders............................................................................ 243 Su pplies............................................................................................ .... 259 Surveys of member banks.....................................................................208 T Taxes, Federal, deposits o f ...................................................................242 Tours of B ra n ch ...................................................................................266 Transfers of funds, telegraphic and m a il* .................................. .....243 Treasurer of the U.S., deposits for credit t o .....................................240 V Visits to banks.......................................................................................208 Voluntary foreign credit restraint prog ra m .....................................202 *For calls that can be made collect, see page 5, paragraph 3. 23 F E DE R AL R E S E R V E B A N K OF N E W Y O R K ORGANIZATION DIRECTORY A lfred H a y e s , W il l ia m President First Vice President F . T r e ib e r , HEAD OFFICE Administrative Services Vice President Assistant Vice President (Building Operating Department) D o n a l d C. N i l e s , Assistant Vice President (Computer Services Department) E v e r e t t B . P o s t , Assistant Vice President (Accounting, Management Information, and Planning Departments) W A. il l ia m H . B r a u n , J r ., T h o m a s C om bader, ACCO U N TIN G DEPARTMENT W alter Accounting Division ♦ JOSEPH M . O ’ CONNELL, Chief Disbursing Division ♦ CORRADO T. SEPE, Chief S. R u s h m o r e , Manager BUILDING OPERATING DEPARTMENT M a t t h e w C. Building Maintenance Division ♦ C h a r l e s A . GELARDI, Chief Building Service Division ♦ ANTHONY C. SGAMBAT, Chief Power Plant Division ♦ J o s e p h C. M e e h a n , Chief Engineer D rexler, COMPUTER SERVICES DEPARTMENT H o w a r d F. Computer Services Division ♦ PAUL A lK E N , Chief Data Processing Division ♦ RAYMOND F. MAGNANI, Chief Cr u m b, Manager Manager M ANAGEM ENT INFORM ATION DEPARTMENT J o h n C h o w a n s k y , Manager Management Information Division ♦ JOHN A. DUGAN, Chief PLANNING DEPARTMENT Louis J. B r e n d e l , Manager Methods and Systems Division * R o n a l d E. LONG, Chief Purchasing Division ♦ F r e d e r ic k W. FORBERG, Purchasing Agent 24 Audit G eorge C. S m i t h , A U D IT IN G D E PA R TM E N T General Auditor Assistant General Auditor Chief Jo h n E . F l a n a g a n , Auditing D ivision ♦ H e n r y S. F u j a r s k i , J r ., Bank Supervision and Relations Vice President Vice President C. T h o m a n , Assistant Vice President F red W . P id e r it , J r ., L e o n a r d L a p id u s , Assistant R ober t BANK EXAM INATIONS DEPARTMENT Manager Chief Examiner E d w a r d F . K i p f s t u h l , Manager B e n j a m i n S t a c k h o u s e , Manager F il g a t e , Chief Ja m e s H . B o o t h , F r e d e r ic k L . F r e y , Analysis Division ♦ H a r r y T . Domestic Banking Division ♦ R ober t C. RELYEA,C7we/ Examining Division ♦ Under direct supervision of Chief Examiner ♦ J o h n A . C l e a r , Supervising Review Examiner ♦ J o s e p h M . H a l p e r n , Supervising Examiner (Automation) ♦ R ic h a r d E . H u n k e , Supervising Review Examiner ♦ J o s e p h F. T i e r n e y , Supervising Review Examiner (Trust Departments) ♦ W i l l i a m J. M i l u s i c h , Senior Examiner (Foreign) Foreign Banking Division ♦ A n t h o n y J. SEGESTI, Chief BANKING STUDIES DEPARTMENT R a l p h H . G elder, Manager Banking Studies Division ♦ G eorge B u d z e i k a , Special Assistant ♦ J o h n H . H e l f , Special Assistant BANK RELATIONS DEPARTMENT A dam R . D ic k , Manager Bank Relations Division ♦ J. R a y m o n d M u r r a y , Special Assistant (Office) ♦ A l f r e d A . B e v a c q u a , Special Representative ♦ B r u c e A . C a s s e l l a , Special Representative ♦ J. B r i a n H a r t , Special Representative ♦ J o h n W . H y l a n d , Special Representative ♦ J a y W . W oods , Special Representative Technical Assistance Division ♦ C a r l H. A l l e n , Special Assistant ♦ W i l l i a m R. S k i n n e r , Senior Technical Representative 25 Cash and Collections Senior Vice President Vice President (Check and Collection Departments) C h a r l e s R. P r i c h e r , Assistant Vice President (Cash and Cash Custody Departments) M a r c u s A . H a r r is , K a r l L . E g e , Assistant CASH DEPARTMENT W h it n e y R. Ir w in , Manager Coin Division ♦ J a m e s F . O ’H a r a , Chief Paying and Receiving Division ♦ A lf r e d G. GASCOIGNE, Chief Sorting and Counting Division ♦ F r a n k X . C a s s i d y , Chief CASH CU STODY DEPARTMENT Cash Custody Division ♦ E u g e n e C. Z a i s e r , sto n , Manager L e o n a r d I. B e n n e t t s , Manager Ja m e s 0 . A Chief CHECK DEPARTMENT Check Division (Day) ♦ WILLIAM J. IRWIN, Chief Check Division (Night) ♦ E d w a r d J. M c G u ir e , Chief Return Items and Adjustment Division ♦ W i l l i a m E . H a r t m a n n , Chief COLLECTION DEPARTMENT Ja m e s 0 . A ston, Manager Collection Division ♦ G e r a l d J. CONNOLLY, Chief Coupon Division ♦ C h a r l e s E . R o c k e y , Chief Wire Transfer Division ♦ LEON R. HOLMES, Chief Consumer Information and Securities Regulations J o h n J. C l a r k e , Vice President and Special Legal Adviser CONSUMER INFORM ATION AN D SECURITIES REGULATIONS DEPARTMENT Ja m e s H . O l t m a n , Manager Foreign C h a r l e s A . C o o m b s , Senior Vice President President T h o m a s 0 . W a a g e , Vice President R ober t J . C r o w l e y , Assistant Vice President P e t e r P . L a n g , Adviser D a v id E . B o d n e r , Vice FOREIGN DEPARTMENT Manager Manager E d w i n R . P o w e r s , Manager E d w i n S . R o t h m a n , Manager Jo h n T . A rnold, S cott E . P ar d e e , 26 Cable Division ♦ T h o m a s J. F a y , J r ., Chief Foreign Assets Control Division ♦ JOSEPH G. E i b e l l , Chief Foreign Operations Division ♦ B e r n a r d J. JACKSON, Chief Government Bond and Safekeeping of Securities R ic h a r d A . D e b s , Vice President M a r t i n F r e n c h , Assistant Vice President F r e d e r ic k L . S m e d l e y , Assistant Vice President Special Studies ♦ R ober t V . K e i h n e r , J r ., Special Assistant ♦ D o n a l d E. S c h m i d , Special Assistant GOVERNMENT BOND A N D SAFEKEEPING DEPARTMENT M a t t h e w J. H o e y , Manager R ic h a r d V o l l k o m m e r , Manager Government Bond Division ♦ JOHN Safekeeping Division J. MASTERSON, P. W e i s , Chief ♦ STEPHEN Securities Clearance Division ♦ H e l m e r Chief D e l in , Assistant Chief SAVINGS BOND DEPARTMENT Savings Bond Division ♦ M a r k E. A s c e r n o , Chief A r m o n d J. B r a ig e r , SECURITY CU STODY DEPARTMENT A l o y s iu s Security Custody Division ♦ H a r r y H . M c C ord , Chief J. S t a n t o n , Manager Manager Legal E d w a r d G. G u y , LEGAL DEPARTMENT Vice President and General Counsel Assistant General Counsel Assistant Counsel R ic h a r d D . C o o p e r s m i t h , Assistant Counsel C h e s t e r B . F e l d b e r g , Assistant Counsel L eopo ld S. R a s s n i c k , Assistant Counsel M a r y J. R od gers , Assistant Counsel P h i l i p V a n O r m a n , Assistant Counsel R ober t Y o u n g , J r ., Assistant Counsel B u r n s , Chief Law Librarian T h o m a s C. S l o a n e , A l l e n R. B iv e n s , Law Library Division ♦ H e l e n M. Loans and Credits Vice President Vice President T h o m a s M . T i m l e n , J r ., R ic h a r d A . D e b s , CREDIT A N D DISCOUNT DEPARTMENT Credit D ivision ♦ B e n e d ic t R a f a n e l l o , H er b e r t H . R u e s s , Manager Chief Chief Discount D ivision ♦ H e n r y T . C h r i s t e n s e n , 27 Open Market Operations and Treasury Issues A l a n R . H o l m e s , Senior Vice President Market Adviser P e t e r D . S t e r n l i g h t , Vice President P a u l M e e k , Assistant Vice President S p e n c e r S. M a r s h , J r ., ACCEPTANCE DEPARTMENT Acceptance D ivision ♦ J a m e s R ober t T. SECURITIES DEPARTMENT Geraghty, L. C o o per , Manager Chief L. Manager Manager J o s e p h R . C o y l e , Securities Trading Officer I r w i n D . S a n d b e r g , Securities Trading Officer R o b er t C oo per , F r e d e r ic k W . D e m i n g , Securities D ivision ♦ THOMAS P . KlPP, Chief Payment Systems J o h n J. C l a r k e , VicePresidentandSpecialLegal Adviser PAYMENT SYSTEMS DEPARTMENT J o h n C. H o u h o u l is , Manager Personnel P eter F o u s e k , W il l ia m M. Vice President Assistant Vice President Sch ultz, PERSONNEL DEPARTMENT Manager Manager R u t h A n n T y l e r , Manager Employment Division ♦ L eo W . V a n B e e k , Employment Director Medical Division ♦ D r . C h e s t e r S. H o w a r d , Medical Director Personnel Relations Division ♦ N o e l R. S c a f f a , Chief Personnel Research ♦ E r n e s t A . K n a u s s , Special Assistant ♦ W i l l i a m M. W h e a l a n , J r ., Special Ass Salary Analysis Division ♦ JAMES F . EGAN, Chief Employee Training ♦ I r e n e E . N o v a k , Training Director B r u c e G. A l e x a n d e r , F r a n c is H . R o h r b a c h , PROTECTION DEPARTMENT W il l ia m H. W etendorf, Manager Protection Division ♦ J o s e p h A. C u l l e n , Chief Vault Division ♦ JOHN E . M c I n t y r e , Chief SERVICE DEPARTMENT Correspondence Files Division ♦ E i l e e n 28 Louis J. Page, Chief Conroy, Manager Duplicating Division ♦ JOHN J. S t r i c k , Chief Food Supply Division ♦ M a r g a r e t T . S u l l i v a n , Chief Post Office Division ♦ J o s e p h L . TUMINELLI, Chief Telephone Section ♦ M r s . J o s e p h i n e A. L a r k i n , Chief Operator Public Information T homas 0 . W aage, Vice President PUBLIC INFORM ATION DEPARTMENT Public Information Division ♦ DANIEL L. ROSEN, Chief R i c h a r d H . H o e n ig , Manager Research and Statistics R o ber t G. L i n k , Senior Vice President G eorge G a r v y , R ic h a r d G . D a v is , Economic Adviser Adviser H. M c W h i n n e y , Assistant Vice President (Statistics Department) F r e d e r ic k C. S c h a d r a c k , J r ., Assistant Vice President M r s . E d n a E . E h r l i c h , Senior Economist H . D a v id W i l l e y , Senior Economist M a d e l in e Special Studies Group ♦ J o h n A. R eed, Special Assistant DOMESTIC RESEARCH DEPARTMENT A. M a r s h a l l Domestic Research Division ♦ M i c h a e l J. H a m b u r g e r , Chief Research Library Division ♦ ELAINE F. JONES, Chief Librarian Visual Aids Division ♦ JOHN H . H e n d r i c k s o n , Chief P uckett, Manager K lopstock, Manager M . A uerbach, Manager INTERNATIONAL RESEARCH DEPARTMENT F red H. Balance of Payments Division ♦ M a r t i n B a r r e t t , Chief Foreign Research Division ♦ RICHARD H . M e y e r , Chief STATISTICS DEPARTMENT I r v in g Financial Statistics Division ♦ D a v id H . K o p f , Chief Market Statistics Division ♦ L e o n KOROBOW, Chief ♦ A n t o n S. N i s s e n , Chief Research Computer Division ♦ W i l l i a m M . W a l s h , Chief Secretary's Office C h e s t e r B . F e ld b e r g , Secretary Secretary R i c h a r d H . H o e n ig , Assistant T heodore N . O p p e n h e im e r , Circulars Division ♦ JOSEPH W lS N O V S K Y , Special Assistant Chief 29 BUFFALO BRANCH A ngus Vice President Assistant Vice President G r a y , Cashier A . M a c I n n e s , J r ., Jo h n T. K e a n e , R onald B. Accounting, Collection, Loans, Fiscal Agency, Computer Services, and Emergency Planning Gerald H. Greene, Assistant Cashier Accounting Division ♦ M r s . E v a l y n E . J o y c e , Chief Collection, Loans, and Fiscal Agency Division ♦ CALVERT NlEDERPRUEM, Chief Computer Services Division ♦ JOHN F . KRAFT, Chief Emergency Planning ♦ J. F r a n k l i n T h o m a s , J r ., Special Assistant Audit Branch Auditing ♦ T h o m a s J. M y e r s , Branch Auditor Bank Relations, Public Information, Check, and Protection H a r r y A . C u r t h , J r ., Assistant Cashier Bank Relations and Public Information ♦ P h i l i p G. C o l e t t i , Special Representative Check Division ♦ F r e d e r ic k W . MORTENSON, Chief Protection Division ♦ R a l p h C. R o b e r t s , Captain of Guardsmen Building Operating, Cash, and Service A rthur A . R a n d a ll , Building Operating Division ♦ S ie g f r ie d Cash Division ♦ R a y m o n d Service Division ♦ E d w i n E . Assistant Cashier B o c h m a n n , Building Superintendent Chief M i l l i r o n , Chief A . M etz, Management Reports and Personnel R onald B. Gr a y , Cashier Management Reports ♦ J. F r a n k l i n T h o m a s , J r ., Special Assistant Personnel Division ♦ A l l a n C. H i n e s , Chief 30 DIRECTORS Term expires December SI A lb e rt L. N ick erson , Chairman, and Federal R eserve A g e n t...............................................................1972 (Class C director—appointed by Board of G overnors) Former Chairman o f the Board, Mobil Oil Corporation, New York, N .Y . James M. H ester, D eputy Chairman............................................................................................................. 1970 ( Class C director—appointed by Board of G overnors) President, New Y ork University, New York, N .Y . M aurice R. Forman (Class B director—elected by Group 3 b a n k s).......................................................1972 Chairman o f the Board, B. Forman Co., Inc., Rochester, N. Y. R o s w e ll L. G ilp a tric ( Class C d irector—appointed by Board o f G ov ern ors)....................................1971 Partner, Cravath, Swaine & Moore, Attorneys, New York, N. Y. A r th u r S. Ham lin ( Class A director—elected by Group 3 b a n k s).........................................................1972 President, The Canandaigua National Bank and Trust Company, Canandaigua, N .Y . R. E. M cN e ill, Jr. (Class A director—elected by Group 1 b a n k s).................................................... 1970 Chairman o f the Board, Manufacturers Hanover Trust Company, New York, N .Y . M ilto n C. Mumford (Class B director—elected by Group 2 b an k s).................................................... 1971 Chairman o f the Board, Lever Brothers Company, New York, N.Y. C h a r le s E. Treman, Jr. (Class A director—elected by Group 2 b an k s)............................................ 1971 President, Tompkins County Trust Company, Ithaca, N .Y. A r th u r K. W a tson (Class B director—elected by Group 1 b a n k s).....................................................1970 Chairman o f the Board, IBM W orld Trade Corporation, New York, N .Y., and Vice Chairman o f the Board, International Business Machines Corporation, Armonk, N. Y. DIRECTORS • BUFFALO BRANCH R obert S. B en nett, C h airm a n ....................................................................................................................... 1970 General Manager, Lackawanna Plant, Bethlehem Steel Corporation, Buffalo, N .Y . M orton A d a m s .....................................................................................................................................................1972 General Manager, Pro-Fac Cooperative, Inc., Rochester, N .Y . N orman F. B each ............................................................................................................................................ 1971 Vice President, Eastman Kodak Company, Rochester, N .Y . W ilmot R. Craig .................................................................................................................................................. 1970 Chairman o f the Board, Lincoln Rochester Trust Company, Rochester, N .Y . C harles L. H ughes .......................................................................................................................................... 1970 President, The Silver Creek National Bank, Silver Creek, N .Y . D avid J. L a u b .......................................................................................................................................................1972 President, Marine Midland Trust Company o f Western New York, Buffalo, N .Y . J ames I. W yckoff ............................................................................................................................................ 1971 President, The National Bank o f Geneva, Geneva, N .Y . MEMBER OF FEDERAL AD VISO R Y COUNCIL J ohn M. M eyer, J r ...............................................................................................................................................1970 Chairman o f the Board, Morgan Guaranty Trust Company o f New Y ork, New Y ork, N. Y . 31 OFFICERS A l f r e d H a y e s , President W i l l i a m F . T r e i b e r , F irst Vice President C h a r l e s A . C o o m b s , Senior Vice President Foreign A l a n R . H o l m e s , Senior Vice President Open Market Operations and Treasury Issues M a r c u s A . H a r r i s , Senior Vice President R o b e r t G . L i n k , Senior Vice President Cash and Collections Research and Statistics G e o r g e G a r v y , Economic Adviser D a v i d E . B o d n e r , Vice President F o r e ig n E d w a r d G . G u y , Vice President W i l l i a m H . B r a u n , J r ., Vice President Administrative Services and General Counsel S p e n c e r S . M a r s h , J r ., M arket Adviser F r e d W . P i d e r i t , J r ., Vice President J o h n J . C l a r k e , Vice President and Special Legal Adviser Consumer Information and Securities Regulations; Payment Systems R i c h a r d A . D e b s , Vice President Government Bond and Safekeeping of Securities; Loans and Credits Bank Supervision and Relations P e t e r D . S t e r n l i g h t , Vice President Open Market Operations and Treasury Issues T h o m a s M . T i m l e n , J r ., Vice President Loans and Credits P e t e r F o u s e k , Vice President T h o m a s 0 . W a a g e , Vice President Public Information; Foreign P erson n el T h o m a s C . S l o a n e , Assistant General Counsel A. T h o m a s C o m b a d e r Assistant Vice President Administrative Services (Building Operating Department) R obert J . C r o w l e y Assistant Vice President Foreign R i c h a r d G. D a v i s , Adviser Research and Statistics K a r l L . E ge Assistant Vice President Cash and Collections (Check and Collection Departments) M a r t in F r e n c h Assistant Vice President Government Bond and Safekeeping of Securities P e t e r P . L a n g , Adviser Foreign B r u c e G . A l e x a n d e r , Manager Personnel Department 32 L e o n a r d L a p id u s Assistant Vice President Bank Supervision and Relations M a d e l in e H . M cW h in n e y Assistant Vice President Research and Statistics (Statistics Department) P aul M eek Assistant Vice President Open Market Operations and Treasury Issues D o n a l d C. N i l e s Assistant Vice President Administrative Services (Computer Services Department) E v e r e t t B. P o s t Assistant Vice President Administrative Services (Accounting, Management Information, and Planning Departments) J o h n T . A r n o l d , Manager Foreign Department C h a r l e s R . P r ic h e r Assistant Vice President Cash and Collections (Cash and Cash Custody Departments) F r e d e r ic k C . S c h a d r a c k , J r . Assistant Vice President Research and Statistics W il l ia m M . S c h u l t z Assistant Vice President Personnel F r e d e r i c k L. S m e d l e y Assistant Vice President Government Bond and Safekeeping of Securities R o b e r t C. T h o m a n Assistant Vice President Bank Supervision and Relations J a m e s 0 . A s t o n , Manager Cash Custody Department Collection Department OFFICERS—Continued I r v i n g M . A u e r b a c h , Manager M r s . E d n a E . E h r l ic h A . M a r s h a l l P u c k e t t , Manager Domestic Research Department Senior Economist Statistics Department L e o n a r d I . B e n n e t t s , Manager C h e s t e r B. F e l d b e r g Check Department Secretary, and Assistant Counsel A l l e n R . B iv e n s L e o po ld S . R a s s n ic k Assistant Counsel M a r y J . R odgers Assistant Counsel F r e d e r ic k L . F r e y Assistant Counsel Chief Examiner J a m e s H . B o o t h , Manager Bank Examinations Department F r a n c i s H . R o h r b a c h , Manager Personnel Department R a l p h H . G e l d e r , Manager Banking Studies Department A r m o n d J . B r a i g e r , Manager E d w i n S . R o t h m a n , Manager Foreign Department R i c h a r d H . H o e n i g , Manager Savings Bond Department Public Information Department, and Assistant Secretary L o u i s J . B r e n d e l , Manager Planning Department M a t t h e w J . H o e y , Manager J o h n C h o w a n s k y , Manager H e r b e r t H . R u e s s , Manager Credit and Discount Department W a l t e r S . R u s h m o r e , Manager Government Bond and Safekeeping Department Management Information Department J o h n C. H o u h o u l i s , Manager L o u i s J . C o n r o y , Manager Payment Systems Department Service Department R o b e r t L . C o o p e r , Manager Securities Trading Officer B e n j a m in S t a c k h o u s e Manager Bank Examinations Department W h i t n e y R . I r w i n , Manager Acceptance Department Securities Department Cash Department A l o y s i u s J . S t a n t o n , Manager Security Custody Department E d w a r d F. K i p f s t u h l , Manager R ic h a r d D . C o o p e r s m it h Bank Examinations Department Assistant Counsel J oseph R . C oyle F r e d H . K l o p s t o c k , Manager Securities Trading Officer International Research Department H o w a r d F . C r u m b , Manager Computer Services Department F r e d e r i c k W . D e m i n g , Manager Securities Department A d a m R . D i c k , Manager Consumer Information and Securities Regulations Department S c o t t E . P a r d e e , Manager Bank Relations Department R u t h A n n T y l e r , Manager Personnel Department P h il ip V a n O r m an Assistant Counsel R i c h a r d V o l l k o m m e r , Manager Government Bond and Safekeeping Department J a m e s H . O l t m a n , Manager Foreign Department M a t t h e w C . D r e x l e r , Manager Building Operating Department Accounting Department I r w i n D. S a n d b e r g E d w i n R . P o w e r s , Manager W il l ia m H . W e te n d o r f Manager Protection Department H. D a v i d W i l l e y Senior Economist R obert Y ou n g, J r . Foreign Department Assistant Counsel G e o r g e C . S m i t h , General Auditor J o h n E. F l a n a g a n , Assistant General Auditor OFFICERS • BUFFALO BRANCH A n g u s A . M a c I n n e s , J r ., Vice President J o h n T . K e a n e , Assistant Vice President R o n a l d B. G r a y , Cashier Management Reports and Personnel H a r r y A . C u r t h , J r ., Assistant Cashier Bank Relations, Public Information, Check, and Protection G e r a l d H . G r e e n e , Assistant Cashier Accounting, Collection, Loans, Fiscal Agency, Computer Services, and Emergency Planning A r t h u r A . R a n d a l l , Assistant Cashier Building Operating, Cash, and Service 33
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