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fjT /o j ^ c y FEDERAL RESERVE BANK OF NEW YORK Novem ber 18, 1987 To A ll B a n k ing Institutions in the S e c o n d F e d e ra l R eserv e D istrict: The C om ptroller o f the C urrency has advised us th at a certificate o f authority to com m ence business has been issued to T h e P a rk A v en u e B a n k , N atio n al A ssociation , New Y ork, N .Y . This newly organized bank was established and opened for business on N ovem ber 6, 1987. By virtue o f its being a national bank, it has becom e a mem ber o f the Federal Reserve System. The capital stock o f the bank is $ 7 0 0 ,0 0 0 , and its surplus is $ 6 ,3 7 0 ,0 0 0 . Officers o f the bank are: F ra n k lin D. R o o s e v e l t , J r . Chairman L ee d s H a c k et t President and Chief Executive Officer G a il l a r d L . Sch m id t Executive Vice President J ohn M a l o n e Cashier The routing number o f the bank is 260 encoded 0260-1135, check digit 8. E. G erald C orrigan , President.