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/d 2 .16 BOAED OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Washington, D. C. 20551 Summary of Equity Security Transactions and Ownership of Directors, Officers, and Principal Stockholders of Member State Banks as Reported Pursuant to Section 16(a) of the Securities Exchange Act of 193^ December 1981 EXPLANATORY NOTE Information in this Summary has been drawn from reports on Form F-8, "Statement of Changes in Beneficial Ownership of Securities," filed with the Board of Governors of the Federal Reserve System. In the interest of simplification, the Summary omits reported data with respect to initial holdings (reported on Form F-7), purchases and sales aggregating less than 50 shares during the month for which the report is filed, stock splits, stock dividends, rights, and gifts. The under- lying reports may be inspected at the Federal Reserve Board offices, Washington, D.C. Publication of this information is in no sense a representation that it is correct or complete. On the following pages, the name of the bank is followed by the name of the person reporting and his relationship to the bank. Unless otherwise indicated, all transactions involve the bank's common stock. Any indirect interest (through holding companies, partnerships, trusts, family ownership, etc.) is shown below the direct interest. Symbols indicate the nature of the nature of ownership, if other than direct (see "Guide to Symbols"). GUIDE TO SYMBOLS Reference to these symbols is essential for a full and accurate interpretation of the data reported RELATIONSHIP "0" - Officer "D" - Director or person performing similar functions "B" - Beneficial owner of more than 10 per cent of any registered equity security of the bank "V" - Voting trustee "T" - Trustee "M" - Member of advisory board or honorary director CHARACTER OF TRANSACTION No symbol - Purchase or Sale "B" - Bequest or Inheritance "C" - Compensation "D" - Distribution "E" - Exchange or Conversion "F" - Exercise of rights "G" - Gift "S" - Stock dividend or stock split "X" - Exercise of option NATURE OF OWNERSHIP No symbol - Securities are beneficially owned directly. "1" - Securities are directly held, but reporter disclaims any admission that he is the beneficial owner of the securities. "2" - Securities are beneficially owned indirectly through a holding company, partnership, trust, or other intermediary; figures reported represent the TOTAL transactions and holdings of the intermediary. "3" - game as in "2", except that reporter disclaims any admission that he is the beneficial owner of the securities. "1+" - Securities are beneficially owned indirectly through a holding company, partnership, trust, or other intermediary; figures reported represent the PROPORTIONATE interest of the reporter. "5" - Same as "4", except that reporter disclaims any admission that he is the beneficial owner of the securities. MONTH-END OWNERSHIP "PR" - Holdings as previously reported. TRANSACTIONS AND MONTH-BIND OWNERSHIP Reports included in this summary were filed with the Board of Governors of the Federal Reserve System during the period from December 11, 1981 to January 10, 1982 IMPORTANT - See Guide to Symbols on preceding page REPORTING PERSON 1 INDIRECT ACCOUNT • DATE OF TRANSACTION TRANSACTION AND OWNERSHIP SYMBOL BANK AGGREGATE TRANSACTIONS Bought or Sold or Otherwise Otherwise Acquired Disposed of MONTH-END OWNERSHIP » BANK OF SMITHTOWN (New York) Frank Radau CD 12-2-81 2 Irving Schechter OD 255 17,1+97 1+46 12-81 12-81 2 37 40 1,732 4oo 11-30-81 2 100 2,837 • 3,045 BANK OF WEST POINT (Virginia) Charles S. Barbour 0D THE CITY BANK CCMPANY (Ohio) Norman R. Hura D 11-30-81 100 1,008 OD 8-10-81 12-4-81 300 100 402 11-30-81 12-29-81 607 200 THE COMMUNITY BANK OF FOREST (Virginia) J. William Garry, Jr. FIRST BANK OF COLONIA (New Jersey) Raymond J. Falk (X) 2 Angelo Mauro D 3,912 88 1 11-30-81 2 2,467 3,705 10,020 FR 671 -2- William N. Scott OD 11-30-81 Charles S. Valvano, Jr. CD REPORTING PERSON INDIRECT ACCOUNT TRANSACTION AND OWNERSHIP SYMBOL RELATIONSHIP DATE OF TRANSACTION BANK AGGREGATE TRANSACTIONS 4* Bought 01 Sold or Otherwise Otherwise MONTH-END Acquired Disposed of OWNERSHIP FIRST BANK OF COLONIA (New Jersey) Cont'd. 1-30-81 - 2 2 1,0001 100 6,830 1,065 289 6,452 2,659 GATEWAY STATE BANK (New York) Merton Corn OB 12-8-81 167 2,786 Frederic D. Regan D 12-8-81 100 3,000 John Stathis D 12-8-81 89 3,339 Philip C. Scozzari D 12-07-81 62 3,600 19,265 Gordon L. Youngs D 12-07-81 12-07-81 60 87 10,200 9,600 QD 9-15-81 11-25-81 INDEPENDENT BANK & TRUST CO. (New Jersey) 2 2 MANCHESTER STATE BANK (Connecticut) Nathan G. Agostinelli Andrew Ansaldi, Jr. QD 2 11-25-81 30 75 3,215 100 300 2,385 300 5,972 1,890 MERCHANTS BANK OF NEW YORK (New York) Abe J. Gellis D 10-7-81 2 * * > FR 671 -3- BANK AGGREGATE TRANSACTIONS 9 DATE Bought or Sold or HJ H Otherwise Otherwise MONTH-END OF oa § Acquired Disposed of OWNERSHIP hd TRANSACTION REPORTING PERSON INDIRECT ACCOUNT 1$ 1 a THE SCHENECTADY TRUST COMPANY (New York) Robert A. McCormick S Edwin 0. Salisbury Harry E. Whittingham, Jr. OD 12-29-81 100 713 100 D 12-28-81 200 1,800 OD 12-28-81 200 2,239 419 D 11-11-81 91 2,791 UNION BANK & TRUST COMPANY (Alabama) W. Inge Hill VALLEY BANK OF NEVADA (Nevada) Jerome D. Mack OD 9-23-81 10-23-81 L 2 2 800 855 199,221 912,735