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PRESS CONFERENCE AND LUNCHEON BUILDING PLANS FOR A NEW FEDERAL RESERVE BANK INDEPENDENCE MALL DEVELOPMENT AREA Majrch 2 0 , 1969 PROPOSED SCHEDULE P r e s s C o n fe r e n c e an d L u n ch eo n F e d e r a l R e s e r v e B ank o f P h i l a d e l p h i a W h i t t i e r Room - 6 t h f l o o r T h u rs d a y - M arch 2 0 , 1969 1 1 :3 0 - 1 2 :0 0 P r e s s a n d TV s e t up e q u ip m e n t. 1 1 :4 5 - 1 2 :1 5 M ayor T a te w i l l m eet w i t h C h airm an W inn a n d P r e s i d e n t Bopp f o r b r i e f i n g . 1 2 :1 5 P r e s s C o n fe r e n c e - D a v id C. M e l n i c o f f , S e n i o r V ic e P r e s i d e n t o f t h e R e s e r v e B ank w e lc o m e s p r e s s an d g u e s t s and i n t r o d u c e s M ayor T a te an d o t h e r s a t t h e H ead T a b l e . 1 2 :2 0 - 1 2 :3 0 R em arks b y M ayor T a t e . 1 2 :3 0 M r. M e l n i c o f f i n t r o d u c e s K a r l B opp. 1 2 :3 0 - 1 2 :3 5 B r i e f re m a rk s b y P r e s i d e n t B opp. 1 2 :3 5 Q u e s tio n s 1 2 :4 5 L u n ch eo n ( I t i s p r o p o s e d t h a t TV c a m e ra s b e s e t up i n t h e W h i t t i e r Room t o p e r m i t TV c o v e r a g e o f t h e e n t i r e c o n f e r e n c e . T h is an d t h e s u b s e q u e n t q u e s t i o n an d a n s w e r s e s s i o n s h o u l d e l i m i n a t e t h e n e e d f o r p e rs o n a l in te rv ie w s .) (*■) PRESS CONFERENCE AND LUNCHEON FEDERAL RESERVE BANK OF PHILADELPHIA W h i t t i e r Room, 6 t h f l o o r T h u r s d a y , M arch 2 0 , 1969 -ÍV\ HEAD TABLE T he H o n o ra b le Ja m e s H . J . T a t e M ayor o f P h i l a d e l p h i a K a rl R. B opp, P r e s i d e n t F e d e r a l R e s e r v e B ank o f P h i l a d e l p h i a W i l l i s J . W inn, C h airm an o f B o ard F e d e r a l R e s e r v e B ank o f P h i l a d e l p h i a R o b e r t N . H i l k e r t , F i r s t V ic e P r e s i d e n t F e d e r a l R e s e r v e B ank o f P h i l a d e l p h i a W i l l ia m L . D ay, P r e s i d e n t O ld P h i l a d e l p h i a D e v elo p m e n t C o rp . D a v id C . M e l n i c o f f , S r . V ic e P r e s i d e n t F e d e r a l R e s e r v e B ank o f P h i l a d e l p h i a F r a n c i s J . Lam m er, E x e c u t iv e D i r e c t o r R e d e v e lo p m e n t A u t h o r i t y Edmund N . B a c o n , E x e c u t i v e D i r e c t o r C i t y P l a n n i n g C o m m issio n GUEST LIST CITY GOVERNMENT REDEVELOPMENT AUTHORITY ( c o n t d . ) W illia m A. C o s te llo E dw ard G. B a u e r , J r . F re d T . C o rle to E dw ard H e n n ic k F r a n k D e la h a n t y R o b e rt C o s te llo CITY COUNCIL LOCAL DEPT. OF HOUSING & URBAN DEVELOPMENT REPRESENTATIVES W i l l ia m A . C i b o t t i E d w ard J . M a r ti n H a r r y M. S h a r r o t t B a r r y V. R iebm an E dw ard J . M cC arron R aw lan d Eng REDEVELOPMENT AUTHORITY REALTORS M rs . G o ld ie H o ffm an W a l t e r D 'A l e s s i o C l a r e n c e G. A l h a r t F r a n c i s J . M yers Jo sep h T. T u rc h i J o s e p h M. E g a n , J r . J o s e p h L e o n a rd S a u l S c h ra g a R ic h a r d B . H erm an R o n a ld K . P o r t e r CITY PLANNING COMMISSION PHIL A. 1976 BICENTENNIAL CORP. R o b e r t M cLean, I I I - 2 - GUEST LIST CONTINUED INDIVIDUALS C h e s t e r B ro o k s H on. E d w in 0 . L e w is REPRESENTATIVES FROM CHAMBER _________ OF COMMERCE___________ J o s e p h P . B ra c k e n MEDIA F r a n k T ooke - KYW-TV REPRESENTATIVES - FEDERAL RESERVE BANK Edw ard A. A f f , V ic e P r e s i d e n t Hugh B a r r i e , V ic e P r e s i d e n t J o s e p h R . C a m p b e ll, S r . V ic e P r e s i d e n t D. R u s s e l l C o n n o r, A s s t . V ic e P r e s i d e n t Norm an G. D a sh , V ic e P r e s i d e n t R a lp h E . H a a s , V ic e P r e s i d e n t H i l i a r y H o llo w a y , A s s t . C o u n s e l W illia m A. J a m e s , V ic e P r e s i d e n t Jam es V . V e r g a r i , S r . V ic e P r e s i d e n t & G e n e ra l C o u n sel S a a u e l J . C u l b e r t , B ank S e r v i c e s O f f i c e r G e o rg e C. H a a g , P u b l i c I n f o r m a t i o n O f f i c e r G. W il l ia m M e tz , V ic e P r e s i d e n t & G e n e ra l A u d ito r Adam A r n o ld , D e p t. H e a d , B u i l d i n g W illia m F. S t a a t s , S e c . a n d S e n i o r E co . N e ls o n C o h en , KYW-RADIO DIRECTORS - FEDERAL RESERVE BANK Norm an F a s t o n , WCAU-TV D a n i e l 0 * L e a ry - B u l l e t i n L y le H . D u ffe y B a y a rd L . E n g la n d P h il i p Hi C la tf o lto r » I I I R o b e rt D. Y a r n a ll, J r . Ray W ise - D a i l y News MEMBER OF FEDERAL ADVISORY COUNCIL O l i v e r B u n t in g o r R o b e r t B rown E a s te r n B anker G e o rg e H . Brown O scar B . T e lle r - P h il a . I n q u ir e r F e d e r a l r e s e r v e B a n k o f P h il a d e l p h ia P h il a d e l p h i a , P e n n s y l v a n ia FROM: F e d e r a l R e s e r v e Äank o f P h i l a d e l p h i a 1 0 th a n d C h e s t n u t S t r e e t s P h il a d e l p h ia , P e n n s y lv a n ia 19101 CONTACT: G eo rg e C. H aag W A lnut 2 - 5 9 0 0 . E x t . 420 19101 PRESS CONFERENCE - LUNCHEON MEMO IP NEWS AND «PICTURE DESKS — RADIO AND NEWS SUBJECT: A nnouncem ent o f p l a n s f o r t h e re d e v e lo p m e n t Of a m a jo r p a r c e l o f t h e In d e p e n d e n c e M a ll R e d e v e lo p ilim t A re a b y t h e F e d e r a l R e s e r v e B ank o f P h i l a d e l p h i a . TIME: 12 n o o n , T h u r s d a y , M arch 2 0 , 1969 PLACE: W h i t t i e r Rooib, 6 t h f l o o r , F e d e r a l R e s e r v e B ank o f P h i l a d e l p h i a , 1 0 th a n d C h e s tn u t S t r e e t s , P h i l a d e l p h i a , P e n n s y l v a n i a . PRINCIPALS M ayor Jam ^s H . J . T a t e ; W i l l i s J . W inn, C h airm an o f t h e P h i l a d e l p h i a R e s e r v e B a n k 's B o a rd o f D i r e c t o r s ; K a r l R . B opp, P r e s i d e n t o f t h e F e d e r a l R e s e r v e B ank o f P h i l a d e l p h i a an d G u s ta v e A m sterdam , C h a irm a n , R e d e v e lo p m e n t A u t h o r i t y . NOTE: L u n ch e o n w i l l f o l l o w t h e p r e s s c o n f e r e n c e . The e n t i r e p ro g ra m w i l l n o t e x c e e d one h o u r a n d t h i r t y m i n u t e s . P le a s e re sp o n d by phone i f you p la n to a t t e n d . GSSV® 2 BHQ/ÄV FEDERAL RESERVE BANK of PHILADELPHIA PHILADELPHIA, PA. 19101 DEPARTMENT of PUBLIC INFORMATION PHONE: 215 - W Alnut 2 -5 9 0 0 , E x t . 420 ILEASE RELEASE MARCH 2 0 , 1969 RESERVE BANK PLANS MOVE M ayor Jam es U . J . T a te .a n n o u n c e d to d a y t h a t t h e F e d e r a l R e s e r v e B ank o f P h i l a d e l p h i a , p r e s e n t l y l o c a t e d a t 1 0 th an d C h e s t n u t S t r e e t s , w i l l c o n s t r u c t a new h e a d q u a r t e r s on a t h r e e a c r e s i t e l o c a t e d on t h e n a jr th s i d e o f A rch S t r e e t b e tw e e n 6 t h a n d 7 t h S t r e e t s , f a c i n g I n d e p e n d e n c e M a l l . T he b u i l d i n g w i l l b e a m u l t i - m i l l i o n d o l l a r d e v e lo p m e n t c o m p r is in g o f f i c e , b a n k in g , and h ig h s e c u r i t y v a u l t f a c i l i t i e s . e x c e e d a t o t a l o f 6 0 0 ,0 0 0 s q u a r e f e e t o f s p a c e . The s i z e w i l l p r o b a b ly RESERVE BANK PLANS MOVE....page 2 K a r l R . B opp, p r e s i d e n t o f t h e R e s e r v e Bank s t a t e d t h a t t h e Bank I s p l e a s e d t o b e a p a r t o f P h i l a d e l p h i a 's u rb a n r e n e w a l p ro g r a m . In d e p e n d e n c e M a ll, h e s a i d , i s a n i d e a l l o c a t i o n f o r F e d e r a l R e s e r v e h e a d q u a r t e r s , p e r m i t t i n g e a s y a c c e s s t o t h e b u s i n e s s a n d b a n k in g co m m u n ity , w h il e p r o v i d i n g a s y m b o lic l i n k w i t h t h e n a t i o n 's m o n e ta ry h i s t o r y . He th a n k e d t h e R e d e v e lo p m e n t A u t h o r i t y o f t h e C i t y o f P h i l a d e l p h i a , t h e O ld P h i l a d e l p h i a D e v elo p m e n t C o r p o r a ti o n an d t h e C i ty P la n n i n g C o m m ission f o r t h e i r a s s i s t a n c e and c o o p e r a t i o n i n m aking t h e r e d e v e l o p m en t p r o j e c t p o s s i b l e . The F e d e r a l R e s e r v e B ank w i l l j o i n t h e g ro w in g l i s t o f m a jo r c o r p o r a t i o n s a n d g o v e rn m e n t a g e n c i e s w h ic h h a v e d e c id e d t o l o c a t e i n In d e p e n d e n c e M a ll, i n c l u d i n g Rohm a n d H a a s , KYW-TV, t h e C o n t i n e n t a l I n s u r a n c e C o m p a n ie s, F e d e r a l C o u rt H ouse a n d O f f i c e C om plex an d t h e U n ite d S t a t e s M in t. D a v id C. M e l n i c o f f , s e n i o r v i c e p r e s i d e n t o f t h e B ank an d c h a irm a n o f i t s b u i l d i n g c o m m itte e s a i d t h a t t h e B ank i s now i n t h e p r o c e s s o f s e l e c t i n g a n a r c h i t e c t f o r th e d e s ig n o f th e s t r u c t u r e . 1971 i s th e t a r g e t d a te f o r th e b e g in n in g o f c o n s tr u c tio n . # # #
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