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COMMITTEE ON RECOMMENDATION OF CANDIDATES FOR DIRECTORS OF THE FEDERAL RESERVE BANK OF NEW YORK October 28, 1991 Recommendation of Candidate in Election of Class A Director of the Federal Reserve Bank of New York To All Member Banks in the Second Federal Reserve District: The Federal Reserve Bank of New York will hold an election of a class A director, for the term ending December 31,1994, to succeed John F. McGillicuddy. Member banks in Group 1 — that is, member banks with capital and sur plus of more than $400,000,000 — will participate in this election. The committee, appointed by the bankers associations of New York, New Jersey, and Connecticut to make rec ommendations to member banks of candidates for directors of the Federal Reserve Bank of New York, and to inform member banks of the qualifications of these candidates, recommends for nomination by Group 1 banks the following individual, who has consented to serve if elected: For Class A Director THOMAS G. LABRECQUE Chairman and Chief Executive Officer The Chase Manhattan Bank, N.A., New York, N.Y. Thomas G. Labrecque was born on September 17,1938 in Long Branch, New Jersey. He received a Bachelor of Arts degree from Villanova University in 1960 and has studied at the Graduate School of Business at American University and the New York University Graduate School of Business Administration. Mr. Labrecque joined Chase in 1964. In 1969 he was appointed Vice President and Manager. He was promoted to Senior Vice President in charge of the Bank Portfolio Group in 1971, and in 1974 was named Executive Vice Pres ident. Mr. Labrecque became Vice Chairman and Chief Operating Officer of Chase and its holding company in 1980, responsible for the Commercial Banking, Retail Banking, and Operations Departments, and the Corporate Systems Function. He served as President from April 1981 to October 1990 and was appointed Chairman and Chief Executive Officer on October 31, 1990. Among his many business and civic activities, Mr. Labrecque is a director of AMAX, Inc.; a member of The Busi ness Roundtable, The Business Council, the Council on Foreign Relations, and the Trilateral Commission; a trustee of the Brookings Institute; a director of the Fund for New York City Education; and a member of the Board of Visitors of Duke University’s Fuqua School of Business and the Business Higher Education Forum. He is also a former al ternate member of the Federal Advisory Council for the Second Federal Reserve District. ALAN R. GRIFFITH, Committee Chairman President, The Bank of New York New York, New York ROBERT G. COX President and Chief Executive Officer The Summit Trust Co., Summit, New Jersey ALBERT J. JULIANO Director, Orange Country Trust Company Middletown, New York JOHN B. ROBINSON, JR. Executive Vice President Fleet/Norstar Financial Group Albany, New York RONALD A. SABIA Vice President, First National Bank of Stamford Stamford, Connecticut T. JOSEPH SEMROD Chairman, United Jersey Bank Hackensack, New Jersey
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