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■AT6 1**
C

FED ER AL RESERVE BANK
O F NEW YORK

A p ril 7, 1972

To A ll Banking Instutions in the
Second Federal Reserve D istrict:

A t the opening of business yesterday, V alley N atio n al B ank of
L ong Island, V alley S tream , N. Y., converted into a S tate tru s t com­
pany, know n as V alley B ank of N ew Y ork.
U pon its conversion, the successor bank w as adm itted to m em ber­
ship in the F ed eral R eserve System .




A lfred H a y es,

President.