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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:

19101

G eo rg e C. H aag
W A lnut 2 - 5 9 0 0 . E x t . 420

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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