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FED ER A L R ESER VE BANK O F NEW YORK 8 ^ 2 £> January 4, 1977 To AH Banking Institutions in the Second Federal Reserve District: The Comptroller of the Currency has advised us that a certificate of authority to commence business has been issued to U nion C h elsea N atio n al B a n k , New York, New York. This newly organized bank was established December 31, 1976, and, by virtue of its being a national bank, has become a member of the Federal Reserve System. The capital of the bank is $672,670 and its surplus $333,335. Union Chelsea Na tional Bank has acquired certain assets and assumed certain liabilities, including all of the deposits, of Chelsea National Bank. Officers of the bank are: F e l ix M. G inorio , J r . President and Chief Executive Officer A lfredo G o nzalez Cashier The Routing Number of the bank is 250 ’ enc°ded 0260-0462. P a u l A. V olcker , President.