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DISCOUNT MECHANISM DISCUSSION Meeting with Bankers from the Third Federal Reserve District Benjamin Franklin Hotel, Philadelphia, Pa. Wednesday, August 14, 1968 Meeting of Presidents of Third District Banks Benjamin Franklin Hotel August lk, 1968 SCHEDULE U:30 p.m. - Assemble in Betsy Ross Room Reception for Governor Sherman J. Maisel 5:00 p.m. - Meeting to begin in Conference area 6:00 p.m. - Adjourn meeting and proceed to Dining area PARTICIPANTS Bankers Edwin P. Neilan Chairman and President Bank of Delaware, Wilmington, Del. L. S. Munson, Jr. President Wilmington Trust Company, Wil., Del. Elwood F. Kirkman President The Boardwalk National Bank of Atlantic City, New Jersey •W. Robert Davis Prooidont ■ Camden Trust Company, Caiaflen, N .J , . William H. Bell, Jr. President First Camden National Bank & Trust Co. Camden, N.J. Frank W. Sutton, Jr. Chairman and Pres The First National Bank of Toms River Sidney G. Stevens Chairman First Trenton National Bank, Trenton John J. McCartney President The First National. Bank of Allentown Allentown, Pa. S. H. Carl Bear Chairman The Merchants National Bank of Allentown, Pa. Leroy F. F. Wright President The Delaware County National Bank Chester, Pa. William F. Jones President Easton National Bank & Trust Company Easton, Pa. George L. Morrison, Jr. President The Harrisburg National Bank & Trust Co. Harrisburg, Pa. John C. Peck President The Conestoga National Bank Lancaster, Pa. Lester H. Herr ' Chairman Lancaster County Farmers National Bank Lancaster, Pa. Harold F. Still, Jr. President Central-Penn National Bank Philadelphia, Pa. Carl K. Dellmuth President The Fidelity Bank Philadelphia, Pa. William L. Day Chairman (Meeting only) The First Pennsylvania Banking & Tr. Co. Philadelphia, Pa. Stephen S . Gardner President Girard Trust Bank Philadelphia, Pa. G. Morris Dorrance, Jr. President The Philadelphia National Bank Philadelphia, Pa. James M. Large Chairman Provident National Bank Philadelphia, Pa. Darwin S . Harter President Pennsylvania National Bank & Trust Co. Pottsville, Pa. John F. Murphy Vice President Northeastern Pa. National Bank & Tr. Co. Scranton, Pa. William B. Brosius President National Bank of Chester Co. & Trust Co. West Chester, Pa. Thomas H. Kiley President The First National Bank of Wilkes-Barre, Pa. William J. Pack President Miners National Bank of Wilkes-Barre, Pa. John C. Tuten President National Bank & Trust Co. of Central Pa. York, Pa. Special Guests Frank S. Smith - President of Pennsylvania Bankers Association (Chairman and President - The First National Bank of Altoona) Beiden L. Daniels - Executive Vice President, Pennsylvania Bankers Assn. Federal Reserve Bank Directors Robert C. Enders H. Lyle Duffey Edward J. Dwyer Philip H. Clotfe itegi III Bayard L . E n g land Willis J. Winn Federal Reserve Bank Officers Karl R. Bopp Robert N. Hilkert Joseph R. Campbell David C. Melnicoff Norman G. Dash Harry W . Roeder G. Win. Metz Hugh Barrie James V. Vergäri Lawrence C. Murdoch Edward A. Af f Albert Spencer