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FEDERAL RESERVE BANK OF NEW YORK IlE H IlllB illQ ll 70' Jd March 1972 SECOND FEDERAL RESERVE DISTRICT Head Office ♦ 33 Liberty Street Federal Reserve EO. Station New York, N.Y. 10045 212-732-5700 Branch *160 Delaware Avenue EO. Box 961 Buffalo, N.Y. 14240 716-853-1700 Relocation Office ♦ 113 South Cayuga Street Ithaca, N.Y. 14850 607-273-2640 FEDERAL RESERVE BANK OF NEW YORK March 15,1972 To A ll Banks in the Second Federal Reserve D istrict: This edition of the directory of this Bank follows the design of the directory we issued and sent you in F ebruary 1971, which is now super seded. The first p a rt is a telephone directory, listing operational m atters on which we receive frequent telephone inquiries, the departm ents in which they are handled, and telephone extensions to which such inquiries can be directed. The second part, beginning on page 25, is an organization directory, showing the functional organization of the Bank and its departm ents and divisions, together w ith the names of the officers, division chiefs, and cer tain senior staff members of the Bank. New appointm ents of officers and changes in th eir 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 fu rn ish additional copies upon request. A lfred H a y e s , President. CONTENTS Page Telephone Directory General inform ation fo r b anks................. 3 Head O ffice................................................... 5 Buffalo B ra n c h .............................................20 Organization Directory Head Office A dm inistrative Services ..........................25 Audit ...................................... .....................26 Bank Supervision and R e la tio n s .............26 Cash and C ollections.................................. 27 Foreign .................................. .....................28 Government Bond and Safekeeping of S e c u ritie s .............................................28 L e g a l ...................................... .......................29 Loans and C re d its ............... .......................29 Open M arket Operations and T reasury I s s u e s ............... .......................29 Personnel ..................................................... 30 Public In fo rm a tio n ....................................30 Research and S ta tis tic s ............................30 Secretary’s O ffice................. .......................31 Buffalo B ra n c h .................................................32 Directors .................................... .....................33 Member of Federal Advisory C ouncil.........33 Officers ........................................ .....................34 NOTE: The lettered Regulations referred to in this Directory are Regulations of the Board of Governors of the Federal Reserve System. FEDERAL RESERVE TELEPHONE BANK OF NEW YORK DIRECTORY General information for banks 1. F or 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 departm ents in which the listed operations are conducted. 3. Collect calls . A collect call can be made concerning any of the following n a tte r s : (a) On a sizeable adjustm ent to correct an entry on your statem ent of account Dr because a large cash or noncash item or a cash or noncash letter was m issent from :his Bank or from its Buffalo Branch. (b) When a difference appears on our advice of the autom atic charge fo r a iash letter to a paying bank, or such cash letter is not received. (c) On a request to us to make a telegraphic tra n sfe r of bank balances in ac cordance w ith this Bank’s Operating Circular No. 10, paragraphs 5 and 6. (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 A uditing Departm ent for inform ation 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 w ith this Bank’s O perating Circulars, requests for currency >r coin (No. 3, paragraph 24) 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, prom pt w ritten confirmation will >e necessary. When an emergency telephone call is made to order cash or savings >ond stock, or to complete a transaction such as a collection, or the delivery of securi;ies from or for safekeeping, please be prepared to furnish the required test word. 5. Requests for supplies, including forms, furnished by us should also ordilarily not be made by telephone. To avoid emergency requests for supplies, reorder vhen your inventory has declined to about a four-week supply. 3 HE A D OFFI CE D E P A R T M E N T A L Accpt. Acctg. Audit. B. Appl. B. Exam. Bk. Rel. Bk. Std. Bid. Op. Ck. Adj. Ck. P r. Coll. Comp. 0 . Comp. P. Cr. Dis. Dom. Rs. Forgn. For. Bk. Gov. Bd. Int. Rs. Man. In. Paym. S. Plan. P rot. Pub. In. RBA Sav. Bd. Secur. Secy. 0 . Srvce. Stat. 4 ABBREVIATION! Acceptance Accounting A uditing Bank Applications Bank Exam inations Bank Relations Banking Studies Building Operating Check A djustm ent and R eturn Item s Check Processing Collection Computer Operations Computer Planning C redit and Discount Domestic Research F oreign Foreign Banking Regulations Government Bond and Safekeeping International Research M anagement Inform ation Paym ent Systems Planning Protection Public Inform ation Regulations and Bank Analysis Savings Bond Securities Secretary’s Office Service S tatistics Telephone 212-732-5700 HEAD O FFICE A Dept. Acceptances .............................................................................. Accpt. B ankers’-m onthly survey, open m arket transactions, Regulations B and C Trade, open m arket transactions Accounts Foreign central banks, foreign governments, and in ternational financial organizations—paym ent and deposit of f u n d s ............................................................. Forgn. Member and nonmember clearing banks....................... Acctg. A djustm ents (m issing or unrecognized e n trie s ) * ... C urrent day's opening balance*.................................... P rio r days' balances*....................................................... Reconciliations (See Audit confirmations) Remittance, cash l e t t e r .....................................................Acctg. Savings bond issuing ag en ts—co nsig nm en t.................Sav. Bd. T reasurer of United States, deposits by general de positaries for credit t o ...................................................Acctg. T reasury Tax and Loan accounts Commercial paper as c o lla te ra l....................................Cr. Dis. Other m a t t e r s ................................................................. Gov. Bd. Adjustments Cash letters C u r r e n t.............................................................................. Ck. Pr. N o n c u rren t........................................................................Ck. Adj. Special in q u irie s ............................................................. Ck. Adj. Checks returned w ithout e n t r y ........................................ Ck. Adj. Coin claims and d ifferences...............................................Cash Coupon collection differences............................................ Coll. Currency claims and d iffe ren c es....................................Cash Direct sending of c h e c k s ...................................................Acctg. Government checks—reclam atio n s..................................Coll. Missing or unrecognized en tries*....................................Acctg. Reserve a c co u n t....................................................................Acctg. R eturn i t e m s ........................................................................Ck. Adj. S afe k eep in g .......................................................................... Gov. Bd. Savings b o n d s ......................................................................Sav. Bd. Issuing a g e n ts .................................................................. Paying a g e n ts ............................................................. Transfer of f u n d s ............................................................... Coll. Advances and discounts (Regulation A ) ............................Cr. Dis. Armed Forces Leave Bonds—red em p tio n ..........................Sav. Bd. Armored car service, currency and c o in ..............................Cash Extension 708 708 602 250 553 250 450 787 460 609 616 241 667 8373 8324 677 8171 598 356 540 250 250 453 260 734 633 8042 609 493 416 *For calls that can be made collect, see page 3, paragraph 3. 5 HEAD O FFICE Telephone 212-732-5700 Dept. Extension Asian Development Bank b o n d s ...........................................Gov. Bd. Delivery ...................................................................................................242 Issue or e x c h a n g e ..................................................................................393 R egistration or t r a n s f e r ................................................... ..................632 Audit confirmations Inform ation from this Bank’s records*..........................Audit. 590 Requests for, made by this Bank's A uditing D epart m ent ...................................................................................Audit. 705 A u to m atic c h a rg e p lan (fo r cash le tte r s to p ay in g banks)* .................................................................................Acctg. 450 B Balance of payments (U.S.) C urrent developments ....................................................... Int. Rs. Statistical inform ation ..................................................... Int. Rs. Treasury foreign exchange r e p o r t s ................................Int. Rs. Voluntary foreign credit re strain t program Filing of required data .................................................Int. Rs. Guidelines ........................................................................ Forgn. Statistical inform ation .................................................Int. Rs. Bank holding companies (Regulation Y) ..........................B. Appl. Bank protection regulations (Regulation P ) ................... RBA Bank service arrangem ents ( R e g u la tio n s ) ..................... RBA Banks fo r Cooperatives d e b e n tu re s...................................... Gov. Bd. Bills of exchange—acceptance by member banks, open m arket transactions (Regulations B and C) ............... Accpt. Bonds (See Collections; Government (U.S.) securities; R etirem ent Plan bonds; Savings bonds and n o tes; and names of other issuers) Book-entry securities M arketable Government (U.S.) ...................................... Gov. Bd. Savings bonds and n o t e s ................................................... Sav. Bd. Branch applications D om estic.................................................................................B. Appl. F o re ig n ...................................................................................For. Bk. Building (B ank), operation o f .............................................Bid. Op. 352 114 742 8035 8131 8035 8297 8149 526 393 708 8053 8262 8297 560 8281 C Capital stock of Federal Reserve Banks D iv id en d s...............................................................................Secur. Issue and cancellation (Regulation I ) ............................RBA *For calls that can be made collect, see page S, paragraph S. 6 784 413 HEAD O FFICE Telephone 212-732-5700 Dept. Extension Cash (See Coin; Currency) Checkbooks for member and nonmember clearing banks. . Plan. 646 Checks Automatic charge plan (for cash letters to paying banks)* ............................................................................Acctg. 450 Clearing arrangem ents E stablishm ent and o p e r a tio n ...................................... Paym. S. 8412 Settlement of balances City, outside New York C i t y ....................................Coll. 8042 Other ............................................................................Acctg. 250 Design and p r e p rin tin g .....................................................Ck. P r. 797 Direct sending Adjustm ents ................................................................... Acctg. 356 Advices of cash letters s e n t .......................................... Acctg. 553 Permission ......................................................................Ck. P r. 797 Drawn on accounts w ith us of foreign central banks, foreign governments, and international o rg a n iz atio n s.......................................... Forgn. 602 Drawn on this Bank, certification o f ..............................Cash 207 Encoding (MICR) ............................................................. C k.P r. 797 Government (U.S.) c h e c k s .............................................. C k.P r. 738 Incoming items on New York City b a n k s ....................... Ck. P r. 312 Incoming items on other than New York City b a n k s ... Ck. P r. 418 Money orders, p o s ta l........................................................... Ck. Pr. 738 New York City Clearing House, claims and allowances. Ck. P r. 359 P ar l i s t .................................................................................. Ck. P r. 665 Recall of p re se n tm e n t......................................................... Ck. P r. 665 Regulation J ........................................................................C k.P r. 474 Reserve accounts, drawn on Deposits of, by h a n d .......................................................Coll. 506 Other inquiries co n c ern in g .......................................... Acctg. 553 Returned without e n t r y .....................................................Ck. Adj. 8324 R eturn i t e m s ........................................................................Ck. Adj. Adjustm ents ..................................................................................... 453 Advices of n o n p a y m e n t.................................................................. 216 Rules on advices, lateness, and p r o te s t ....................... ................. 324 Sent by this Bank to data-processing c e n te rs ................. Ck. P r. 321 Transportation routes of motor c a r r i e r s ....................... Ck. P r. 797 Circulars, B a n k ........................................................................Secy. O. 758 Clearing arrangem ents (See Checks and Government (U.S.) securities) *For calls that can be made collect, see page 3, paragraph 3. 7 HEAD O FFICE Telephone 212-732-5700 Dept.Extension C o in ............................................................................................. Cash Armored car s e rv ic e ............................................................ Claims and d ifferen ces....................................................... Deposit and order f o r m s ..................................................... Request for s h ip m e n t......................................................... Shipment to this B a n k ....................................................... 416 315 414 414 414 Collateral for advances to member b a n 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-A m erican Development B a n k ................................................................................... M aturing and m atured bonds and coupons (other than obligations of U.S. and its agencies) Payable in New York C i t y ............................................. Payable outside New York C i ty .................................... 202 343 620 Notes, drafts, and other noncash items F ate of collection................................................................................ 540 Handling (m aturity dates, signatures, e t c . ) ............................... 506 Payable in New York City ............................................ ..................530 Payable outside New York C i t y .................................... ..................750 Recall of collection . ....................................................... ..................540 T r a c e r s .............................................................................. ..................540 Commercial bank and commercial paper s ta tis tic s ...........Stat. 643 Commercial Credit File and related forms, distribution o f ............................................................................................. Cr. Dis. 8421 Commodity Credit Corporation—payment of drafts drawn under letters of com m itm ent................................ Coll. 506 Computer m a tte r s ....................... ............................................ Comp. P. Communications s y s te m s ................................................... 8358 S ta n d a rd s .................................. ............................................ 763 Condition reports of State member b a n k s ..........................RBA 690 Consolidated Federal F arm Loan b o n d s ............................Gov. Bd. 393 Consumer Credit Cost Disclosure (Regulation Z ) ...........RBA 8209 Consumer credit s ta tis tic s ..................................................... S tat. 723 Corporations doing foreign banking or other foreign financing under the Federal Reserve Act (Regulation K) ........................................................................................... For. Bk. 560 Coupons (See Collections) 8 HEAD O FFICE Telephone 212-732-5700 Dept. Extension C r e d i t .........................................................................................Cr. Dis. Advances and discounts by Federal Reserve Bank . . . . 609 Eligibility of paper offered for discount or as collat eral fo r advances or Treasury Tax and Loan account Credit a s p e c ts ............................................................. 8463 M aturity, negotiability, and other f a c to r s ............................. 609 Loan guarantees for defense production (Regulation V) Applications for and credit a s p e c ts ....................... .................. 8463 Guarantee and commitment fees, and interest .. 609 R estraint, foreign (See Balance of payments) Credit on securities by banks, brokers, dealers, or others (Regulations G, T, U, and X ) ............................................ RBA 8209 Cuban Assets Control regulations of the U.S. Treasury .. Forgn. 291 Currency Armored car s e rv ic e ........................................................... Cash Bag-tag envelopes fo r deposit tic k e ts ..............................Cash Claims and differences........................................................ Cash C o u n terfeit............................................................................Cash Counterfeit e x h ib it............................................................. Pub. In. Deposit and order f o r m s ...................................................Cash M u tila te d ............................................................................... Cash Redemption of uncurrent c u rre n c y ..................................Cash R egulations............................................................................ Cash Request for sh ip m e n t.........................................................Cash Shipment to this B a n k .......................................................Cash Currency, historical data and related in fo rm a tio n .........Pub. In. 416 255 598 430 587 414 255 420 535 207 255 144 D Deposits Federal t a x e s ........................................................................Comp. O. For account of foreign central banks, foreign govern ments, and international financial organizations . . . Forgn. P ostm aster’s ........................................................................Ck. P r. 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 B a n k ___ Secur. D rafts, acceptance by member b a n k s ..................................Accpt. D rafts drawn under letters of commitment issued by Commodity Credit C o rp o ra tio n ........................................ Coll. 245 602 312 506 285 784 708 506 9 HEAD O FFICE Telephone 212-732-5700 Dept. Extension E Emergency p la n n in g ................................................................ — 8226 Exam ination re p o r ts ................................................................B. Exam. Bank holding com panies..................................................... ..................618 Edge Act co rp o ratio n s....................................................... ..................8168 State member banks Automation ...................................................................... ..................108 Commercial departm ents and affilia te s..................... ..................618 Foreign departm ents and b ra n c h e s ..............................................8168 T rust d e p a rtm e n ts ......................................................... ..................683 E xhibits .....................................................................................Pub. In. 169 E x p e n d itu re s ............................................................................ Acctg. 592 Export-Im port Bank of the U.S............................................. Gov. Bd. Debentures and participation c e rtificates..................... ................. 632 Delivery of s e c u ritie s ......................................................... ................. 242 Prom issory notes ................................................................................. 393 F F arm C redit File and related forms, distribution of . . . . Cr. Dis. 8421 F arm ers Home A dm inistration insurance contracts (insured notes) .................................................................... Gov. Bd. 632 Federal banking laws (crim inal), reporting possible violations o f .......................................................................... RBA 526 Federal estate taxes, redemption of Treasury bonds in payment o f ............................................................................ Gov. Bd. 632 Federal funds—operations and m arket s t a t i s ti c s ...........S tat. 8160 Federal Home Loan M ortgage Corporation b o n d s ...........Gov. Bd. 632 Federal Interm ediate C redit Bank b o n d s ............................................. 393 Federal Land Banks b o n d s ..................................................... ................. 393 Federal National M ortgage A sso cia tio n ............................Gov. Bd. Debentures and mortgage-backed b o n d s ......................................... 632 Delivery of s e c u ritie s ......................................................... ................. 242 Discount n o te s ...................................................................... .................393 Federal Open M arket Committee, Regulation relating to open m arket operations of Federal Reserve B a n k s ___ Secur. 652 Federal Reserve Bank of New York Capital stock—d iv id en d s..................................................... Secur. 784 Capital stock—issue and cancellatio n..............................RBA 413 Circulars ...............................................................................Secy. 0 . 758 10 HEAD O FFICE Telephone 212-732-5700 Dept. Federal Reserve Bank of New York—Continued Directory .............................................................................. Secy. 0 . Exhibits ................................................................................ Pub. In. Monthly Review , su b scrip tio n s........................................ Pub. In. Operations and general in fo rm a tio n ..............................Pub. In. Tours of the B a n k ............................................................... Pub. In. Extension 758 169 169 144 289 Federal Reserve System Films .................................................................................... Pub. In. General in fo rm a tio n .......................................... ................ Pub. In. M em b ersh ip ..........................................................................Bk. Rel. Regulation H ....................................................................B.Appl. Talks .......................................................................................Pub. In. Federal taxes, deposits o f .....................................................Comp. 0 . 169 144 672 8297 289 245 Films, Federal R e s e r v e .........................................................Pub. In. 169 Financial statem ent forms, distribution o f ....................... Cr. Dis. 8421 Food stam p coupons..................................................................Coll. 202 Credits and rem ittances .................................................................... 750 Foreign Assets Control regulations of the U.S.Treasury. Forgn. 291 Foreign branches of national banks (Regulation M) . . . . For. Bk. 560 Foreign central banks, foreign governments, and in ter national financial organizations, accounts o f ...............Forgn. 437 Cablegrams, radiogram s, telegrams, and telex mes sages co n c ern in g ......................................................... ................. 437 Foreign exchange tra n s a c tio n s .................................... ................. 159 Gold transactions ........................................................... ................. 439 Paym ent and deposit of f u n d s ...................................... ................. 602 Foreign countries—economic conditions..............................Int. Rs. 160 Foreign credit re stra in t (See Balance of paym ents) Foreign exchange rates, certification of, under Tariff Act of 1930 ..........................................................................Forgn. 545 Foreign Funds Control regulations of the U.S. T re a s u ry ........................................................................Forgn. 291 8049 Form s and supplies not listed b e lo w .................................... Plan. Advice forms for cash letters sent d ir e c t....................... Ck. P r. Consolidated shipments (rainbow sheets) ................................ 418 Other direct sendings (Form BK 1 4 0 ) ....................... ................. 797 Coin deposit and coin order f o r m s ..................................Cash 414 County clearing advice f o r m s .......................................... Acctg. 553 Credit folders and financial statem ent and other cred it fo r m s .............................................................................. Cr. Dis. 8421 Currency deposit and currency order f o r m s .................Cash 414 11 HEAD O FFICE Telephone 212-732-5700 Dept. Form s and supplies—Continued Labels for cash letters to this Bank via “pouch loose” a ir m a i l ...............................................................................Ck. P r. Report, four-week, of certain Euro-dollar transactions (Form No. R B 3 1 ) ........................................................... Acctg. Report of deposits and vault cash (Form s No. RB23 and No. R B 2 6 ) ..................................................................Acctg. Reserve position computation worksheets (Form No. R B 2 4 ) ........................................................... Acctg. R eturn items, cash letter form s f o r ................................Ck. Adj. Savings bonds and n o te s..................................................... Sav. Bd. Issuing and paying agent s ta m p s ................................ Penalty env elopes........................................................... Requisition f o r m s ............................................................ Sales, spoiled, and paid bond r e p o r ts .......................... Functional cost analysis program fo r member banks . . . Bk. Rel. Extension 797 685 685 685 324 655 655 734 787 586 G Gold, issuance of checks for use in purchasing from U.S. Assay O ffice.......................................................................... Coll. Gold Reserve Act of 1934 ....................................................... Forgn. Government (U.S.) agency s e c u ritie s ................................Gov. Bd. Delivery of s e c u ritie s ......................................................... Issue and redemption Bearer ............................................................................... Registered and past-due b e a r e r .................................... Government (U.S.) checks Cash l e t t e r s .......................................................................... Ck. P r. Reclamations (stolen, forged endorsements, etc.) . . . .Coll. Government National M ortgage A sso ciatio n ................... Gov. Bd. P articipation c e rtific a te s................................................... Delivery ............................................................................ Government (U.S.) m arketable securities Book-entry .......................................................................... Gov. Bd. Cash subscriptions to new issues P a y m e n t............................................................................ Gov. Bd. Tenders, subscriptions, and allotm ents*......................Secur. Circulars offering, requests f o r ........................................ Secy. O. Clearing arrangem ent (N.Y City p artic ip a n ts).............Gov. Bd. A dm inistration ................................................................ Settlem ent of b a la n c e s ................................................... T ransfers (te le g ra p h ic )................................................. Closing m arket quotations and y ie ld s ..............................Stat. Dealer operations and s ta tis tic s ...................................... Stat. *For calls that can be made collect, see page S, paragraph S. 12 8042 439 242 393 632 738 540 632 242 8053 393 652 758 8140 8054 441 172 8160 HEAD O FFICE Telephone 212-732-5700 Dept. Extension Delivery ................................................................................ Gov. Bd. 242 Denominational exchange of bearer s e c u ritie s .............Gov. Bd. 325 Exchange subscriptions*.....................................................Gov. Bd. 393 Issue and re d e m p tio n ......................................................... Gov. Bd. 393 M issing or s to le n ..................................................................Gov. Bd. B e a r e r ................................................................................ .................. 323 Registered .......................................................................................... 632 Pledged s e c u ritie s ............................................................... Gov. Bd. 260 625 Purchases and sales for member b a n k s ......................... Secur. R edem ptions..........................................................................Gov. Bd. Federal estate taxes, in payment o f ........................... .................. 632 O th e r.................................................................................. .................. 393 R egistration and exchange of bearer and registered .. Gov. Bd. 632 Guidelines for foreign credit re strain t (See Balance of paym ents) j Income and expense reports of State member banks . . . . RBA 690 Inform ation, general ............................................................. Pub. In. 144 Inform ation from published sources on Federal Reserve System, U.S. Treasury, banking, finance, and mone tary affairs ..........................................................................Dom. Rs. 435 Inter-Am erican Development Bank b o n d s......................... Gov. Bd. Delivery ................................................................................ ..................242 Issue or ex c h a n g e ............................................................... ..................393 R egistration or tr a n s f e r .......................................................................632 Interest, payment of, on deposits (Regulation Q ) ...........RBA 8220 Interlocking bank directorates under the Clayton Act (Regulation L) ................................................................... RBA 8220 International Bank for Reconstruction and Develop ment b o n d s ............................................................................ Gov. Bd. Delivery ............................................................................ ................. 242 Issue or e x c h a n g e ........................................................... ................. 393 R egistration or t r a n s f e r .............................................. ................. 632 International financial organizations, accounts o f ...........Forgn. 438 Interpretations of Board of Governors, binder service f o r . Secy. O. 758 L L etters of commitment issued by Commodity Credit Corporation—payment of d r a f t s ......................................Coll. 506 Letters of credit by certain U.S. agencies—payment of vouchers drawn on Treasurer of U.S. u n d e r .................Coll. 513 Library, R e s e a rc h ................................................................... Dom. Rs. 435 Licenses under Foreign Assets Control, Foreign Funds Control, Cuban Assets Control, and Rhodesian Sanc tions regulations of the U.S. T re a s u ry ........................... Forgn. 291 Loan guarantees for defense production (Regulation V ) . Cr. Dis. 8463 *F o r calls that can be made collect, see page 3, paragraph 3. 13 HEAD O FFICE Telephone 212-732-5700 Dept. Loans to executive officers of member banks (Regula tion 0 ) ...................................................................................RBA Loans to member b a n k s ......................................................... Cr. Dis. Extension 487 609 M Mail, incoming and o u tg o in g .................................................Srvce. 681 M argin regulations (Regulations G, T, U, and X ) ...........RBA 8209 M arket statistics on certificates of deposit, Federal funds, repurchase agreements, and Government se curities ...................................................................................Stat. 8160 Member bank a c c o u n ts........................................................... Acctg. Adjustm ents (missing or unrecognized entries)* . . . . 250 C urrent day’s opening b a la n c e * ...................................... ..................553 P rio r days’ b alan c es* ................... ........................................................250 Membership of State banking institutions in the Fed eral Reserve S y s te m ..................... ......................................Bk. Rel. 672 Regulation H .................................. ......................................B. Appl. 8297 M erger a p p lic a tio n s....................... ........................................B. Appl. 8297 Missing or stolen Government securities............................Gov. Bd. 323 Money orders, p o s t a l ..............................................................Ck. P r. 738 Money tran sfers (See T ransfer of funds) Monthly Review, subscriptions ...... ......................................Pub. In. 169 N New York City Clearing House—claims and allowances. .Ck. P r. 359 Noncash items (notes, drafts, etc.), collection o f .............Coll. 506 Collection letters, d ire c t-s e n t.............................................................782 M aturing or m atured bonds and coupons (other than obligations of U.S. and its a g e n c ie s )............................................341 Nonmember clearing a c c o u n ts .............................................Acctg. A djustm ents (m issing or unrecognized entries)* . . . 250 C urrent day’s opening balance ...........................................................553 P rio r days’ b a la n c e s................... ..........................................................250 O Open m arket purchases and sales B ankers’ and trade acceptances and bills of exchange.. Accpt. 708 Government (U.S.) s e c u ritie s .......................................... Secur. 625 O perating ratios, reports of member banks ........................RBA 8150 Operations of member banks—s u rv e y s ............................... Bk. Rel. 586 P P a r l i s t ....................................................................................... Ck. P r. Paym ent vouchers on letters of credit issued by Govern m ent agencies ........................................................................ Coll. Paym ent systems, studies o f .................................................Paym. S. Penn Central Transportation Company ce rtificates.........Gov. Bd. *For calls that can be made collect, see page 3, paragraph S. 14 665 506 8126 632 Telephone 212-732-5700 HEAD O FFICE Dept. Extension Philippine Government bonds, re d em p tio n ....................... Gov. Bd. 393 Planning, in te r n a l....................................................................Plan. 178 Pledged securities in safek eep in g ........................................ Gov. Bd. 260 Postal money o r d e r s ............................................................... Ck. P r. 738 Postal (U.S.) Service b o n d s...................................................Gov. Bd. Delivery ................................................................................ ..................242 Issue and redemption B e a r e r ................................................................................ ..................393 Registered ..........................................................................................632 Postm aster's d e p o sits............................................................. Ck. P r. 312 Protection, internal ............................................................... Prot. 225 Publications, distribution (See also Circulars, Regula tions, Reports, Surveys) ...................................................Pub. In. 169 Public information, Federal Reserve, general (See also Inform ation) ........................................................................Pub. In. 144 Puerto Rico Government bonds, red em p tio n ..................... Gov. Bd. 393 Purchase of s u p p lie s............................................................... Plan. 8065 Purchase of w arrants (Regulation E ) ................................Secur. 652 R R egistration statem ents and other reports of State mem ber banks under Regulation F .......................................... RBA Regulations and published interpretations of the Board of Governors—d is trib u tio n ................................................ Secy. 0 . Regulations A —Advances and discounts by Federal Reserve B anks. Cr. Dis. B —Open m arket 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 d rafts or bills of exchange ....................................................................Accpt. D —Reserves of member banks.......................................... Acctg. E —Purchase of w a r r a n ts ...................................................Secur. F —Securities of member State banks..............................RB A G —Securities credit by persons other than banks, brokers, or d e a le rs ...................................................RB A H —Membership of S tate banking institutions in the Federal Reserve S y s te m ........................................ B. Appl. I —Issue and cancellation of capital stock of Federal Reserve B anks........................................................... RBA J —Collection of checks and other items by Federal Reserve Banks C hecks......................................................................C k.P r. 8225 758 609 708 708 685 652 8225 8209 8297 413 474 15 HEAD O FFICE Telephone 212-732-5700 Dept. Regu lati ons—J —Continued M aturing or m atured bonds and coupons (other than obligations of U.S. and its ag en cies). .Coll. O th e r ...................................................................... .Coll. K —Corporations doing foreign banking or other fo r eign financing under the Federal Reserve A c t.. . For. Bk. L —Interlocking bank directorates under the Clayton A c t ............................................................................ .RBA M —Foreign activities of national banks.......................... For. Bk. 0 —Loans to executive officers of member b a n k s ___.RBA P —Security devices and procedures fo r State mem ber banks .................................................................. RBA Q —In terest on d e p o s its ................................................... . RBA R —Relationships w ith dealers in securities under Section 32 of the Banking Act of 1933............... RBA S —Bank service a rra n g e m e n ts...................................... .RBA T —C redit by brokers and d e a le rs .................................. ..RBA U —C redit by banks for the purpose of purchasing or carrying m argin s to c k s .......................................... RBA V —Loan guarantees for defense production................. Cr. Dis. X —Rules governing borrowers who obtain securities c r e d i t ........................................................................ RBA Y —Bank holding com panies............................................. B. Appl. Z —“T ruth in lending” (Consumer Credit Cost Dis closure) ....................................................................... RBA Remittances for cash letters and adjustm ents th e re o n .. . Acctg. Reports Commercial p a p e r .............................................................. . Stat. Condition, State member banks...................................... ..RBA Consumer c r e d i t ................................................................ . Stat. Deposits and vault c a s h ..................................................... . Acctg. Electric power series......................................................... .. Stat. Euro-dollar tra n s a c tio n s ..................................................., Acctg. E x am in atio n s...................................................................... .. B. Exam. Edge Act and Agreem ent co rp o ra tio n s ................... State member banks Automated o p e ra tio n s ............................................. Commercial d e p a rtm e n ts ........................................ T ru st d e p a rtm e n ts ................................................... Federal funds tra n s a c tio n s ............................................... Stat. Functional cost analysis—member b anks......................... Bk. Rel. Government securities dealer operations....................... . Stat. 16 Extension 341 506 560 8220 560 487 8149 8220 8209 526 8209 8209 8209 8463 8297 8209 450 643 690 723 685 8056 685 8168 108 618 683 172 586 197 Telephone 212-732-5700 HEAD O FFICE Dept. Extension Reports—Continued Income and expense—State member banks..................... RBA 690 Operating ratios, member banks...................................... RBA 8150 R egistration statem ents and other reports of State member banks under Regulation F ..............................RBA 8225 Stock brokers’ credit and debit balances..........................Stat. 723 Surveys of deposits, interest rates, financial practices, and other banking and financial developments...........Stat. 447 Treasury foreign exchange.................................................Int. Rs. 742 Voluntary foreign credit restrain t p ro g ra m .................. Int. Rs. 8035 433 Weekly reporting member bank statem ent..................... Stat. Reserve a c c o u n ts......................................................................Acctg. A djustm ents (m issing or unrecognized entries)* . . . . 250 C urrent day’s opening balance* ........................... ..........................553 P rio r days’ b alan ces* ...........................................................................250 Reserve requirem ents (Regulation D ) ................................Acctg. 685 Retirem ent Plan b o n d s ........................................................... Sav. Bd. I s s u e ........................................................................................................ 695 Redemption .......................................................................... ................. 494 R eturn item s.............................................................................. Ck. Adj. A djustm ents ......................................................................................... 453 Advice of n o n p ay m en t........................................................................ 216 Rules on advices, lateness, and p r o t e s t ......................... ................. 324 Rhodesian Sanctions regulations of U.S. T re a s u ry .........Forgn. 291 S S afe k e e p in g .............................................................................. Gov. Bd. Acceptability of s e c u ritie s ................................................ ................. 351 Instructions Deposit of s e c u r itie s ...................................................................... 328 W ithdraw al of securities ............................................ ................. 777 Other (including book-entry) ..................................................... 260 M atured issu e s....................................................................................... 242 Pledged s e c u ritie s ............................................................... ................. 260 Savings bonds and n o te s ......................................................... Sav. Bd. B o o k -en try ............................................................................ ................. 8262 Consignment accounts of issuing a g e n ts ....................... ................. 734 Exchange of Series E and Series H ................................................. 493 Lost, stolen, or m utilated, claims f o r ............................................... 639 Original i s s u e ....................................................................................... 695 *For calls that can be made collect, see page 8, paragraph S. 17 HEAD O FFICE Telephone 212-732-5700 Dept. Extension Savings bonds and notes—C o n tin u e d .................................. Sav. Bd. Redemption Credits to a g e n ts .............................................................. 633 O ther m a t t e r s .................................................................. 493 Reissue 494 Safekeeping (individual accounts) ............................ Supplies Agent stamps and penalty en v elo p es........................ 655 734 Application, report, and requisition f o r m s ............... Securities (See Collections; Government (U.S.) securi ties ; Regulations G, R, T, U, and X ; R etirem ent Plan bonds; Savings bonds and n o tes; and names of other issuers) Securities of member S tate banks (Regulation F ) ...........RBA 8225 Security devices and procedures for State member banks (Regulation P ) .................................................................... RBA 8149 Sigma-5/M-37 communications system, operational inform ation on ........ ...................................... Comp. 0 . 190 Signatures, authorized by Second D istrict banks and others .....................................................................................Acctg. 751 Small Business A dm inistration guaranty agreem ents (debentures) ................................ ........................................Gov. Bd. 632 Speakers on Federal Reserve and related m a tte rs.............Pub. In. 289 Stolen or missing Government s e c u ritie s ............................Gov. Bd. 323 Stop-payment o r d e r s ..............................................................Acctg. 751 Surveys 708 Bankers’ acceptances outstanding, m onthly................... Accpt. Banking and financial developm ents................................ Stat. 447 Income and expense, of member banks’ tru s t depart m ents .................................................................................B. Exam. 683 Operations of member banks Accrual, audit, autom ation, bookkeeping, loan, teller, tran sit, and credit file installations............. Bk. Rel. 586 S tate member banks’ autom ated sy ste m s ................... B. Exam. 108 T ru st d epartm ents........................................................... B. Exam. 683 T Talks and speech es.................................................................... Pub. In. 289 Taxes, Federal, deposits o f .....................................................Comp. O. 245 Telegrams, domestic (incoming and ou tg o in g )................. Coll. Commercial (W estern Union) ......................................... 755 Coding, decoding, t e s t i n g ............................................. 462 Federal Reserve Banks—adm inistrative w i r e s ............. 755 18 HEAD OFFICE Telephone 212-732-5700 Dept. Extension T ransfer of U.S. Government s e c u ritie s ..............................Gov. Bd. Clearing arrangem ent (N.Y. City p a rtic ip a n ts)..............................441 Other t r a n s f e r s ...................................................................................... 627 Tours of B a n k .......................................................................... Pub. In. 289 T ransfer of funds Adjustm ents ........................................................................Coll. 8042 Foreign central banks, foreign accounts, and in ter national financial organizations.................................... Forgn. 602 Requests f o r * ........................................................................Coll. 8042 Terminal or line facilities q u e s tio n s................................Comp. O. 190 T reasurer of the U.S., deposits by general depositaries for credit t o ..........................................................................Acctg. 460 Treasury foreign exchange re p o r ts ...................................... Int. Rs. 742 Treasury securities (See Government (U.S.) securities) T reasury Tax and Loan accounts Customers’ notes as c o lla te ra l.......................................... Cr. Dis. 609 Other m a t t e r s ......................................................................Gov. Bd. 260 T rust departm ent s u rv e y s .....................................................B. Exam. 683 8209 “T ruth in lending” (Regulation Z ) ...................................... RBA V Visits to b a n k s ..........................................................................Bk. Rel. Voluntary foreign credit re stra in t program Filing of required d a ta .......................................................Int. Rs. Guidelines ............................................................................ Forgn. S tatistical in fo rm a tio n .......................................................Int. Rs. Vouchers drawn on Treasurer of U.S. pursuant to letters of credit issued by certain U.S. agencies..........................Coll. 672 8035 8131 8035 513 *For calls th a t can be m ade collect, see page S, p a ra g ra p h S. 19 Telephone 716-853-1700 BUFFALO BRANCH A Extension A c co u n ts...................................................................................................... 242 R e m itta n c e ......................................................................................... .... 242 R e se rv e * ............................................................................................. .... 242 A djustm ents—m issing or unrecognized en tries* ................................ 236 Advances and discounts (Regulation A ) ............................................... 227 A udit confirmations and requests for statem ents of acco u n ts* .. 272 Automatic charge plan (for cash letters to paying b a n k s)* -------- 240 B Bank relations m a tte r s ..................... .................................................. .... 208 Branch a p p lic a tio n s ............................................................................ .... 208 C Cash Armored car s e r v ic e ................... .................................................. .... 219 Currency claims and differences, unusual transactions, and other m a t t e r s ..................................................................................... 294 Checkbooks for member and nonmember clearing b anks............. .... 240 Checks Adjustm ents C u r r e n t........................................................................................... .... 254 N o n c u rre n t......................................................................................... 249 Automatic charge plan (for cash letters to paying banks)* . . 240 Buffalo Clearing H o u s e ...................................................................... 253 Clearing arrangem ents ......................................................................243 D irect s e n d in g .......................................................................................236 Encoding (MICR) .......................................................................... .... 249 Incoming ........................................................................................... .... 253 R egulation J ....................................................................................... .... 208 R eturned w ithout e n t r y ...................................................................... 254 R eturn items Advices of n o n p ay m en t..................................................................248 Rules on advices, lateness, and p ro te st.................................... ....249 Sent by B ranch to data-processing cen ters.................................. .... 253 T ransportation r o u t e s .................................................................... ....249 Circulars, B a n k .........................................................................................228 Collections Bonds and coupons (other than obligations of U . S . ) ............... ....252 Commodity C redit Corporation d e p o s its .................................... ....252 Coupons, paym ent of, on obligations of U.S., its agencies, and international o rg a n iz a tio n s....................................................... ....229 *For calls that can be made collect, see page 3, paragraph 3. 20 BUFFALO BRANCH Telephone 716-853-1700 Collections—Continued Extension Government checks and postal money orders Cash l e t t e r s .................................................................................. ..... 244 Reclamations (stolen, forged endorsements, e t c . ) .................... 252 Notes, drafts, and other noncash i t e m s ...................................... ..... 252 Condition reports of State member b a n k s ...................................... ..... 225 Coupons (See Collections) Credit (Regulation A) ............................................................................. 227 D Data p ro c essin g .................................................................................... .....244 Deposits of Federal t a x e s .........................................................................242 E Emergency planning .......................................................................... .....225 Exam ination reports ...............................................................................204 E xpenditures ...................................................................................... .....241 F Federal banking l a w s ...............................................................................204 Federal Reserve Bank of New York Dividends on capital s to c k ............................................................. .....204 Operations and general in fo rm a tio n ............................................ .....204 Federal Reserve System M em b ersh ip ............................................................................................208 Operations and general in fo rm a tio n ............................................ .....208 Food coupons Accounting for sales o f ................................................................. .....240 Paym ent o f ..............................................................................................246 Functional cost analysis program for member b a n k s ................... .....208 G Gold Reserve Act of 1934 .........................................................................208 Government (U.S.) and agency s e c u ritie s ...................................... .....229 Cash subscriptions*.......................................................................... .....226 I Income and expense reports of State member b a n k s ................... .....225 Inform ation, Federal R e s e rv e ........................................................... .....208 Interpretations of Board of G overnors............................................ .....208 *F o r calls that can be made collect, see page 8, paragraph 8. 21 Telephone 716-853-1700 BUFFALO BRANCH L L etters of credit by certain agencies—paym ent of vouchers drawn on T reasurer of U.S.............................................................. Extension 252 L i b r a r y ................................................................................................... 228 M Mail, incoming and o u tg o in g .............................................................. 250 Membership of State banking institutions in the Federal Re serve S y s te m ..................................................................................... M erger a p p lic a tio n s............................................................................ 208 208 Money orders, p o s t a l .......................................................................... 244 O Operating ratios, reports of member b anks.................................... 208 Operations of member banks—s u rv e y s ............................................. 208 P Paym ent vouchers on letters of credit issued by Government agencies ............................................................................................. 252 Purchase of supplies .......................................................................... .....259 R Regulations A—Advances and d isc o u n ts.................................................................227 D istribution and s e r v ic in g .................................................................228 D —Reserves of member b a n k s ..................................................... ..... 240 G—Credit on securities by persons other than banks, brokers, or d e a le r s ......................................................................................266 J —Collection of checks and other items by Federal Reserve Banks Cash i t e m s .......................................................................... .....208 Noncash i t e m s .................................................................... .....252 Q—In terest on deposits.................................................................... ......266 T—C redit by brokers, dealers, and members of national secur ities exchanges 266 U - C redit by banks fo r the purpose of purchasing or carrying securities .............................................................................. .....266 X —Rules governing borrowers who obtain securities c re d it. . 266 Z —“T ruth in lending” In q u irie s.................................................................................... 266 Requests fo r ra te ta b le s ................................................... .....224 O ther re g u la tio n s ..................................................................................208 Reserve requirem ents ..................... ........................................................240 R eturn i t e m s .................................... „........................................................248 22 BUFFALO BRANCH Telephone 716-853-1700 Extension S S a fe k e e p in g ................................................................................................ 227 Savings b o n d s ............................................................................................ 237 S ig n a tu re s ................................................................................................... 243 Stop-payment o rd e rs............................................................................ ..... 243 S u p p lie s ....................................................................................................... 259 Surveys of member banks................................................................... ..... 208 T Taxes, Federal, deposits o f ................................................................. ..... 242 Tours of B r a n c h .................................................................................. ..... 266 T ransfers of funds, telegraphic and m a il* .................................... ..... 243 T reasurer of the U.S., deposits for credit t o ....................................... 240 V Visits to b a n k s ............................................................................................ 208 Voluntary foreign credit re stra in t p ro g r a m ....................................... 204 *For calls that can be made collect, see page 3, paragraph 3. 23 F E D E R A L 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 , President W il l ia m F . T r e iber , First Vice President HEAD OFFICE Administrative Services W il l ia m H. B r a u n , Jr., Vice President J o h n T. K e a n e , Vice President (Accounting*, Management Inform ation, and Planning Departm ents, and Emergency Planning) E verett B . P o st , Vice President (Computer Operations, Computer Planning, and Computer Support Departm ents) A . T h o m a s C o m bader , A ssistant Vice President (Building Operating D epartm ent) H oward F . C r u m b , A ssistant Vice President (Computer Operations and Computer Support D epartm ents) W a lter S. R u s h m o r e , A ssistant Vice President (Accounting and M anagement Inform ation Departm ents) Emergency Planning ♦ R ic h a r d F . D a n b e c k , A dm inistrative A ssistant ACCOUNTING DEPARTMENT R o na l d E. L o ng , Manager Accounting Division ♦ H e n r y S. F u j a r s k i , J r., Chief Disbursing Division ♦ J o se p h E. K larberg , Chief BUILDING OPERATING DEPARTMENT M a t t h e w C. D rexler , Manager Building Maintenance Division ♦ CHARLES A . G e l a r d i , Chief Building Service Division ♦ ANTHONY C. SGAMBAT, Chief Power Plant Division ♦ J o se ph C. M e e h a n , C hief Engineer COMPUTER OPERATIONS DEPARTMENT E d w in R . P o w ers , Manager Communications Services Division ♦ G eorge LUKOWICZ, Chief Computer Operations Division ♦ J a m e s W . ZANOSKY, Chief Data Processing Division ♦ G eorge J. M a n g e r , Chief COMPUTER PLANNING DEPARTMENT G erald H a y d e n , Manager 25 COMPUTER SUPPORT DEPARTMENT P aul A ik e n , M anager Computer Programming and Training Division ♦ P e t er J. FULLEN, Chief MANAGEMENT INFORMATION DEPARTMENT J o h n C h o w a n s k y , Manager Management Information Division ♦ W. W il l ia m B a u m g a r d t , Chief PLANNING DEPARTMENT Louis J. B r e n d e l , Manager Methods and Systems Division ♦ J erry B e r k o w it z , C hief Purchasing Division ♦ F r e derick W. F orberg , Purchasing A g en t Audit G eorge C. S m i t h , General A uditor AUDITING DEPARTMENT J o h n E . F l a n a g a n , A ssista n t General A uditor Auditing Division ♦ G erald J. CONNOLLY, C hief Bank Supervision and Relations F red W., P id e r it , Jr., Vice President R a l p h H . G elder , A ssistant Vice President (B anking Studies, and Regulations and Bank Analysis Departm ents) B e n e d ic t R a f a n e l l o , A ssistant Vice President (Bank Applications and Foreign Banking Regulations D epartm ents) R obert C. T h o m a n , A ssistant Vice President (Bank Exam inations and Bank Relations D epartm ents) Special Studies ♦ A lfred E . H a m e l , Special A ssistant BANK APPLICATIONS DEPARTMENT B e n j a m i n S t a c k h o u s e , Manager Bank Applications Division ♦ R obert C. R e l y e a , C hief BANK EXAMINATIONS DEPARTMENT F r ed e r ic k L. F r e y , C hief Exam iner Examining Division ♦ J o h n A . C le a r , Supervising Review E xam iner ♦ J o se p h M. H a l p e r n , Supervising E xam iner (Autom ation) ♦ R ic h a r d E . H u n k e , Supervising Review E xam iner ♦ W il l ia m J. M il u s ic h , Supervising E xam iner (Foreign) ♦ J o se p h F . T i e r n e y , Supervising Review Exam iner (T rust) ♦ E dw ard W . W a r de , Supervising Review E xam iner 26 BANKING STUDIES DEPARTMENT L e o n K orobow , Manager Banking Studies Division ♦ G eorge B u d z e ik a , Special A ssistant ♦ D avid G. H o ldsw o r th , Special A ssistant BANK RELATIONS DEPARTMENT A d a m R. D ic k , Manager Bank Relations Division ♦ J o h n A. D u g a n , Special A ssistant (Office) ♦ A lfred A . B ev a c q u a , Special Representative ♦ B ruce A . C a s s e l l a , Special Representative ♦ J o h n P . R e ic h , Special Representative ♦ R a y m o n d C. L a v er ty , Special Representative (A c tin g ) Technical Assistance Division ♦ C arl H. A l l e n , Special A ssistant FOREIGN BANKING REGULATIONS DEPARTMENT E dw ard F . K ip f s t u h l , Manager Foreign Banking Regulations Division ♦ ANTHONY J. SEGESTI, Chief REGULATIONS AND BANK ANALYSIS DEPARTMENT J a m e s H . B ooth , Manager Regulations and Bank Analysis Division ♦ J a m e s P. B ar ry , Senior Regulations Specialist Securities Regulations Division ♦ P a t sy C. A b e l l e , Chief Cash and Collections T h o m a s O. W aa g e , Senior Vice President J a m e s 0 . A s t o n , A ssistant Vice President (Collection and Paym ent Systems D epartm ents) K arl L. E ge , A ssistant Vice President (Check A djustm ent and R eturn Items, and Check Processing Departm ents) C h a r l e s R. P r ic h e r , A ssistant Vice President (Cash and Cash Custody D epartm ents) CASH DEPARTMENT W h it n e y R. I r w in , Manager Coin Division ♦ A n t h o n y 0 . A c q ua viv a , Chief Paying and Receiving Division ♦ EUGENE C. ZAISER, Chief Sorting and Counting D iv isio n ♦ FRANK X . C a s s id y , Chief CASH CUSTODY DEPARTMENT L eo n R. H o l m e s , Manager Cash Custody Division ♦ WALTER E .O ’M a r a , Chief 27 CHECK ADJUSTMENT AND RETURN ITEMS DEPARTMENT L e o n a r d I. B e n n e t t s , Manager Check Adjustment Division ♦ W il l ia m E. H a r t m a n n , Chief Return Items Division ♦ FRANK P. P u f f , C hief CHECK PROCESSING DEPARTMENT T h o m a s P. K i p p , (Evening and N ight) J o se p h M. O'C o n n e l l , Manager Check Processing Division (Day) ♦ WILLIAM J. IRWIN, C hief Check Processing Division (Night) ♦ JEROME P . PERL0NG0, C hief COLLECTION DEPARTMENT (Day) L e o n R. H o l m e s , Manager Collection Division ♦ CLIFFORD T. O’BRIEN, C hief Coupon Division ♦ C h a r l e s E. R o c k e y , Chief Wire Transfer Division ♦ F red A. DENESEVICH, C hief PAYMENT SYSTEMS DEPARTMENT J o h n C. H o u h o u l is , Manager Foreign C h a r l e s A . C o o m bs , Senior Vice President D a v id E . B o d n e r , Vice President R obert J . C r o w le y , A ssista n t Vice President P eter P . L a n g , A dviser S cott E . P ar d e e , A ssistant Vice President FOREIGN DEPARTMENT B e r n a r d J . J a c k s o n , Manager E d w in S . R o t h m a n , Manager Cable Division ♦ T h o m a s J. F a y , Jr., C hief Foreign Assets Control Division ♦ JOSEPH G. ElBELL, C hief Foreign Operations Division ♦ G. C arroll M a r t e n s o n , C hief Government Bond and Safekeeping of Securities R ic h a r d A . D e b s , Vice President M a r t in F r e n c h , A ssistant Vice President F r e d erick L. S m e d l e y , A ssista n t Vice President Special Studies ♦ R obert V. K e i h n e r , Jr., Special A ssistant GOVERNMENT BOND AND SAFEKEEPING DEPARTMENT M a t t h e w J . H oey , Manager R ic h a r d V o l l k o m m e r , Manager Government Bond Division ♦ STEPHEN P. W e i s , C hief Safekeeping Division ♦ D o n a l d E. S c h m id , C hief Securities Clearance Division ♦ P a u l J. ClEURZO, C hief 28 SAVINGS BOND DEPARTMENT A r m o n d J. B raiger , Manager Savings Bond Division ♦ MARK E. ASCERNO, Chief SECURITY CUSTODY DEPARTMENT A l o y s iu s J. S t a n t o n , Manager Security Custody Division ♦ JOHN J. MACKENRODT, Chief Legal E dw ard G. G u y , Vice President and General Counsel T h o m a s C. S l o a n e , D eputy General Counsel R obert Y o u n g , J r., A ssistant General Counsel LEGAL DEPARTMENT A l l e n R. B i v e n s , A ssistant R ic h a r d D . C o o p e r sm it h , A ssistant C h e st e r B . F eldberg , A ssistant J a m e s H . O l t m a n , A ssistant L eopold S. R a s s n i c k , A ssistant M ary J. R odgers , A ssistant Counsel Counsel Counsel Counsel Counsel Counsel Law Library Division ♦ H e l e n M. B u r n s , Chief Law Librarian Loans and Credits T h o m a s M. T i m l e n , J r., Vice President H . D avid W il l e y , A ssistant Vice President CREDIT AND DISCOUNT DEPARTMENT E u g e n e P . E m o n d , Manager H erbert H . R u e s s , Manager Credit Division ♦ JOSEPH A . CLARK, Chief Discount Division ♦ H e n r y T. C h r i s t e n s e n , Chief Open Market Operations and Treasury Issues A l a n R. H o l m e s , Senior Vice President R ic h a r d A . D e b s , Vice-President P et er D . S t e r n l ig h t , Vice President R obert L. C ooper , A ssistant Vice President P a u l M e e k , A ssistant Vice President ACCEPTANCE DEPARTMENT I r w in D . S an d b er g , Manager Acceptance Division ♦ J a m e s T. G e r a g h t y , Chief SECURITIES DEPARTMENT I r w in D . S a n d b e r g , Manager J o se ph R. C o yle , Securities Trading Officer Securities Analysis Division ♦ S h e il a TSCHINKEL, Chief Securities Operations Division ♦ R a l p h T. H e l f r ic h , Chief 29 Personnel P et er F o u s e k , Vice President W il l ia m M . S c h u l t z , A ssistant Vice President P h il i p V a n O r m a n , A ssista n t Vice President PERSONNEL DEPARTMENT B ruce G. A l e x a n d e r , Manager F r a n c is H . R o h r b a c h , 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 , Em ploym ent Director Medical Division ♦ D r . C h e st e r S . H o w ard , Medical Director Personnel Relations Division ♦ N oel R. SCAFFA, Chief Personnel Research ♦ E r n e s t A. KNAUSS, Special A ssistant Personnel Services Division ♦ M argaret E . SLATTERY, C hief Salary Analysis Division ♦ JAMES F. EGAN, C hief Employee Training ♦ I r e n e E. N o v a k , Training Director PROTECTION DEPARTMENT W il l ia m H . W e t e n d o r f , Manager Protection Division ♦ J o se p h A. CULLEN, C hief Vault Division ♦ J o h n E. M c I n t y r e , C hief SERVICE DEPARTMENT Louis J . C o n r o y , Manager Correspondence Files Division ♦ E il e e n PAGE, C hief Duplicating Division ♦ JOHN J . STRICK, Chief Food Supply Division ♦ M argaret T. SULLIVAN, Chief Post Office Division ♦ ANTHONY N . SAGLIANO, C hief Telephone Section ♦ J o s e p h in e A. L a r k i n , C hief Operator Public Information L e o n a r d L a p id u s , Vice President R ic h a r d H . H o e n ig , A ssistant Vice President PUBLIC INFORMATION DEPARTMENT Public Information Division ♦ W RAYMOND G a t g e n s , Chief Research and Statistics R obert G. L i n k , Senior Vice President G eorge G a r v y , Economic A dviser R ic h a r d G. D a v is , A dviser M a d e l in e H . M cW h i n n e y , A ssistant Vice President (Research Computer and S tatistics D epartm ents) A. M a r s h a l l P u c k e t t , A ssistant Vice President F r ederick C. S c h a d r a c k , Jr., A dviser E d n a E . E h r l ic h , Senior Econom ist Special Studies Group ♦ M ic h a e l J. H a m b u r g er , Special A ssista n t 30 DOMESTIC RESEARCH DEPARTMENT R udolf T h u n b e r g , Manager Domestic Research Division ♦ E dw ard G. CORRIGAN, Chief Research Library Division ♦ J e a n D e u s s , Chief Librarian Visual Aids Division ♦ JOHN H . HENDRICKSON, Chief INTERNATIONAL RESEARCH DEPARTMENT F red H . K lo pst o c k , Manager Balance of Payments Division ♦ J o h n D. PATRICK, Chief Foreign Research Division ♦ GREGORY C. SCHMID, Chief RESEARCH COMPUTER DEPARTMENT W il l ia m M. W a l s h , Manager R a l p h C. S c h in d l e r , Research Computer Officer Research Communications Division ♦ O leg H o f f m a n , Chief Research Information Sciences Division ♦ LAWRENCE H. COOKE, Jr., Chief Research Mathematical Sciences Division ♦ L a n n y NORENSBERG, Chief Research Operations Systems Support Division ♦ W il l ia m G. F errara , Chief STATISTICS DEPARTMENT I r v in g M. A u e r b a c h , Manager Financial Statistics Division ♦ M argaret L. G r e e n e , Chief Market Statistics Division ♦ CHARLES M. LUCAS, Chief Secretary's Office C h e st e r B. F eldberg , Secretary J a m e s 0 . A s t o n , A ssistant Secretary T heodore N . O p p e n h e im e r , A ssistant Secretary Circulars Division ♦ E dw ard J. ROONEY, Jr., Chief ♦ J o se ph W is n o v s k y , Special A ssistant 31 BUFFALO BRANCH A n g u s A . M a c I n n e s , J r., Vice President R o n a l d B . G r a y , A ssistant Vice President and Cashier Accounting, Collection, Loans, Fiscal Agency, Computer Services, and Emergency Planning G erald H . G r e e n e , A ssistant Cashier Accounting Division ♦ EVALYN E . JOYCE, Chief Collection, Loans, and Fiscal Agency Division ♦ C alvert N ie d e r p r u e m , Chief Computer Services Division ♦ J o h n F . K r a f t , Chief Emergency Planning ♦ EDWIN E . MlLLlRON, Special A ssista n t Audit Branch Auditing ♦ T h o m a s J. M y e r s , Branch A uditor Bank Relations, Public Information, Check, and Protection H arry A . C u r t h , J r., A ssistant Cashier Bank Relations and Public Information ♦ P eter I). L u c e , Special Representative Check Division ♦ F rederick W. MORTENSON, Chief Protection Division ♦ R a l p h C. ROBERTS, Captain of Guardsmen Building Operating, Cash, and Service A r t h u r A . R a n d a l l , A ssistant Cashier BuildingOperatingDivision ♦ S ieg fried H. BOCHMANN, Building Superintendent Cash Division ♦ P h il ip G. COLETTI, Chief Service Division ♦ R a y m o n d A . M etz , Chief Management Reports and Personnel R o n a l d B . G r a y , A ssistant Vice President and Cashier Management Reports ♦ E d w in E . MlLLlRON, Special A ssistant Personnel Division ♦ A l l a n C. H i n e s , Chief 32 DIRECTORS T e r m e x p ir e s D e c e m b e r 31 R oswell L. G ilpatric , Chairm an, and F e d er a l R eserve A g e n t .............................................................. 1974 ( Class C d irector—appoin ted by B oard o f G overnors) Partner, Cravath, Swaine & Moore, Attorneys, New York, N. Y. E llison L. H azard, Deputy C h a ir m a n ...........................................................................................................1972 ( Class C d irector—appointed by B oa rd o f G overnors) Chairman of the Executive Committee, Continental Can Company, Inc., New York, N. Y. N orman B rassler ( Class A d irector—elected by Group 2 b a n k s ) ..........................................................1974 Chairman of the Board, New Jersey Bank (N ational A ssociation), Clifton, N. J. M aurice R. F orman ( Class B d irec to r-e le c ted by Group 3 b a n k s ) ........................................................1972 Chairman of the Board, B. Forman Co., Inc., Rochester, N. Y. M aurice F. Granville (C lass B d irector—elected by Group 1 ban ks) ............................................. 1973 Chairman of the Board, Texaco Inc., New York, N. Y. A r th u r S. H a m lin ( Class A director—elected by Group 8 b a n k s )..........................................................1972 President, The Canandaigua National Bank and Trust Company, Canandaigua, N.Y. F rank R. M illiken (C lass B d irector—elected by Group 2 b a n k s ) ......................................................1974 President, Kennecott Copper Corporation, New York, N. Y. A lan P ifer (C lass C director—appointed by B oard o f G o v e r n o r s ) ......................................................1973 President, Carnegie Corporation of New York, New York, N. Y. W illiam S. R enchard (C lass A d irector—elected by Group 1 b a n k s ) ................................................. 1973 Chairman of the Board, Chemical Bank, New York, N.Y. D IR E C T O R S • BUFFALO BRANCH M orton A dams , C h a ir m a n .................................................................................................................................. 1972 General Manager, Pro-Fac Cooperative, Inc., Rochester, N.Y. W illiam B. A n d e r s o n .................................................................................................................................................1973 President, The F irst National Bank of Jamestown, Jamestown, N.Y. N orman F . B e a c h ..........................................................................................................................................................1974 Vice President, Eastman Kodak Company, Rochester, N.Y. A n g e lo A. C o s t a n z a .................................................................................................... .................................................1973 President, Central Trust Company Rochester N.Y., Rochester, N.Y. D avid J. L a u b .................................................................................................................................................................. 1972 Chairman of the Board, Marine Midland Bank—Western, Buffalo, N.Y. T heodore M. M c Clure .............................................................................................................................................. 1974 President, The Citizens National Bank and Trust Company, Wellsville, N. Y. R upert W a r r e n ......................................................................................................................................................1973 President, Trico Products Corporation, Buffalo, N .Y . MEMBER OF FEDERAL ADVISORY COUNCIL D avid R o c k efeller ........................................................................................................................................................1972 Chairman of the Board, The Chase Manhattan Bank (N ational Association), New York, N. Y. 33 OFFICERS A lf r e d H a y es, P residen t W illia m F . T reib er, F irst Vice P residen t R o b ert G. L in k , Senior Vice P residen t C h a r le s A . Coombs, Senior Vice P residen t Research and Statistics Foreign T h o m a s O. W aage, Senior Vice P residen t A la n R. H o lm e s, Senior Vice P residen t Cash and Collections Open Market Operations and Treasury Issues J o h n T. K ean e, Vice P residen t D avid E . B o d n er, Vice P residen t F o reig n Adm inistrative Services (Accounting, Management Inform ation, and P lanning Departments, and Emergency Planning) L eonard Lapidus, Vice P residen t W illia m H . B r a u n , Jr., Vice P residen t Adm inistrative Services J o h n J. C la r k e , Vice P residen t Public In form ation S p en cer S. M a r sh , J r M arket A dviser* F red W. P id e r it, Jr., Vice P residen t B an k S u p ervision and R elation s E v e r e t t B. P o s t , Vice P residen t A d m in istrative S ervices (C om puter O perations, C om puter P la n n in g , and C om puter S u p port D ep a rtm en ts) P e te r D. S t e r n l ig h t , Vice P residen t Open M arket O p erations and T reasu ry Issu es T h o m a s M. T im len , Jr., Vice P residen t L oans and C redits and Special L egal A dviser* R ic h a r d A. D ebs, Vice P residen t Government Bond and Safekeeping o f Securities; Open Market Operations and Treasury Issues P e te r F o u s e k , Vice P residen t P erson n el G eorge G arvy, Economic A dviser E dw ard G. G uy, Vice P residen t and General Counsel T h o m a s C. S lo a n e , D eputy General Counsel Jam es 0 . A s to n , A ssista n t Vice P residen t and A ssista n t S ecretary Cash and Collections (Collection and Payment System s Departm ents) A. T h o m a s Combader A ssista n t Vice P residen t Administrative Services (Building Operating Department) R obert L. C ooper A ssista n t Vice P residen t Open Market Operations and Treasury Issues R obert J. Crowley A ssista n t Vice P residen t Foreign H ow ard F. Crumb A ssista n t Vice P residen t Administrative Services (Computer Operations and Computer Support D epartm ents) R ic h a r d G. D a v is, A dviser Research and Statistics K a r l L. E ge A ssista n t Vice P residen t Cash and Collections (Check Adjustment and Return Items, and Check Processing Departments) M a r tin F r e n c h A ssista n t Vice P residen t Government Bond and Safekeeping of Securities ♦Retires May 1, 1972. 34 R al ph H. Gelder A ssista n t Vice P residen t Bank Supervision and Relations (Banking Studies, and Regulations and Bank Analysis Departm ents) R ic h a r d H. H oenig A ssista n t Vice P residen t Public Inform ation P e te r P. L ang, A dviser Foreign M a d e lin e H. M cW h in n ey A ssista n t Vice P residen t Research and Statistics (Research Computer and Statistics Departments) P a u l M eek A ssista n t Vice P resident Open Market Operations and Treasury Issues S c o t t E . P ard ee A ssista n t Vice P residen t Foreign C h a r le s R. P r ic h e r A ssista n t Vice P residen t Cash and Collections (Cash and Cash Custody Departments) A. M a r s h a ll P u c k e t t A ssista n t Vice P residen t Research and Statistics B e n e d ic t R a f a n e l l o A ssista n t Vice P residen t Bank Supervision and Relations (Bank Applications and Foreign Banking Regulations Departm ents) W a l t e r S. R u sh m o re A ssista n t Vice P residen t Adm inistrative Services (Accounting and Management Inform ation Departm ents) C. S c h a d r a c k , Jr. A dviser Research and Statistics F r e d e r ic k W illia m M. S c h u l t z A ssista n t Vice P residen t Personnel F r e d e r ic k L. S m ed ley A ssista n t Vice P residen t Government Bond and Safekeeping of Securities R obert C. T hom an A ssista n t Vice P residen t Bank Supervision and Relations (Bank Exam inations and Bank Relations Departm ents) P h i l ip V an Orm an A ssista n t Vice P residen t P erson n el H . D avid W illey A ssista n t Vice P residen t Loans and Credits R obert Y oung , Jr. A ssista n t General Counsel OFFICERS—Continued B. F e l d b e r g Secretary, and A ssistan t Counsel M anager Computer Support Department C h ester G. A l e x a n d e r , M anager Personnel Department F r e d e r ic k L . F r e y M anager Statistics Department Gerald H a y d e n , P au l A ik e n , B ruce M anager Computer Planning Department L e o n a r d I . B e n n e t t s , M anager Check Adjustment and Return Items Department M anager Computer Operations Department M anager Government Bond and Safekeeping Department L eo po ld S . R a s s n ic k A ssista n t Counsel M a r y J . R o dgers A ssistan t Counsel M atth ew J . H oey, A l l e n R . B iv e n s A ssista n t Counsel L eo n R . H o lm es, M anager Regulations and Bank Analysis Department J o h n C. H o u h o u l i s , M anager Cash Custody Department Collection Department J am es H . B ooth, M anager Personnel Department F r a n c is H . R o h r b a c h , M anager Foreign Department E d w in S . R o t h m a n , M anager Credit and Discount Department H erbert H . R u e s s , M anager Payment Systems Department M anager Savings Bond Department A r m o n d J . B r a ig e r , W h it n e y R . I r w in , M anager D. S a n d b e r g , M anager Acceptance Department Securities Department I r w in Cash Department M anager Planning Department L o u is J . B r e n d e l , M anager Foreign Department R alph F. K i p f s t u h l , M anager Foreign Banking Regulations Department B e n ja m in S t a c k h o u se, M anager Check Processing Department A l o y s iu s J . S t a n t o n , B ernard J . J a c k so n , M anager M anagement Information Department J o h n C h o w a n sk y , E dw ard M anager Service Department L o u is J . C o n r o y , T h o m a s E K ip p , D. C o o p e r s m i t h A ssista n t Counsel R ic h a r d Manager International Research Department C. S c h i n d l e r Research Com puter Officer Securities Trading Officer M anager Bank Applications Department M anager Security Custody Department M anager Domestic Research Department R udolf T h unber g , F red H . K l o p s t o c k , J o se p h R . C oyle M anager Personnel Department R u t h A n n T yler, R. D i c k , M anager Bank Relations Department A dam M anager Banking Studies Department L eo n K orobow , M a t t h e w C. D r e x l e r , M anager M anager Government Bond and Safekeeping Department R ic h a r d V o l l k o m m e r , M anager Accounting Department R onald E . L ong, Building Operating Department J o s e p h M . O ’C o n n e l l , h r l ic h M anager W Check Processing Department Senior Econom ist E A ssista n t Secretary E d w in R . P o w e r s, Chief Exam iner I r v in g M . A u e r b a c h , E dna E . E T heodore N . O p pe n h e im e r P. E m o n d , M anager Credit and Discount Department ugene J am es H . Oltm an, A ssistan t W Counsel George J ohn E. C. i l l i a m M . W a l s h , M anager Research Computer Department il l i a m H. W etendorf M anager Protection Department General A uditor A ssista n t General A uditor S m it h , F lanagan, OFFICERS • BUFFALO BRANCH A n g u s A . M a c I n n e s , J r ., R onald A ssista n t Cashier Bank Relations, Public Inform ation, Check, and Protection H a r r y A . C u r t h , J r ., Vice P residen t B. G r a y , A ssista n t Vice P residen t and Cashier M anagement Reports and Personnel A ssista n t Cashier Accounting, Collection, Loans, Fiscal Agency, Computer Services, and Emergency Planning Gerald H . Gr e e n e , A ssistan t Cashier Building Operating, Cash, and Service A rthur A . Randall, 35 H E A D OFFI CE D E P A R T M E N T A L Accpt. Acctg. Audit. B. Appl. B. Exam. Bk. Rel. Bk. Std. Bid. Op. Ck. Adj. Ck. P r. Coll. Comp. 0. Comp. P. Cr. Dis. Dom. Rs. Forgn. For. Bk. Gov. Bd. Int. Rs. Man. In. Paym. S. Plan. Prot. Pub. In. RBA Sav. Bd. Secur. Secy. 0. Srvce. Stat. ABBREVIATIONS Acceptance Accounting Auditing Bank Applications Bank Exam inations Bank Relations Banking Studies Building Operating Check A djustm ent and R eturn Item s Check Processing Collection Computer Operations Computer Planning Credit and Discount Domestic Research Foreign Foreign Banking Regulations Government Bond and Safekeeping International Research Management Inform ation Paym ent Systems Planning Protection. Public Inform ation Regulations and Bank Analysis Savings Bond Securities Secretary’s Office Service S tatistics
@FedFRASER