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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