Directors of Federal Reserve Banks and Branches · 2018. 11. 6. · James M. Culberson, Jr....

395

Directors of Federal Reserve Banks and Branches

Regional decentralization and a combination of governmental and private characteristics are im-portant hallmarks of the uniqueness of the Fed-eral Reserve System. Under the Federal Reserve Act, decentralization was achieved by division of the country into twelve regions called Federal Reserve Districts and the establishment in each District of a separately incorporated Federal Reserve Bank, with its own board of directors. The blending of governmental and private char-acteristics is provided through ownership of the stock of the Reserve Bank by member banks in its District who also elect the majority of the board of directors, and by the general supervi-sion of the Reserve Banks by the Board of Governors, an agency of the federal government. The Board also appoints a minority of each board of directors. Thus, there are essential elements of regional participation and counsel in the conduct of the System's affairs for which the Federal Reserve relies importantly on the contributions of the directors of the Federal Reserve Banks and Branches.

The following list of directors of Federal Re-serve Banks and Branches shows for each direc-tor the class of directorship, the principal busi-ness affiliation, and the date the current term expires. Each Federal Reserve Bank has nine members on its board of directors: The member banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. Directors are

DISTRICT 1—BOSTON

Class A

chosen without discrimination as to race, creed, color, sex, or national origin.

Class A directors of each Reserve Bank repre-sent the stockholding member banks of the Fed-eral Reserve District. Class B and Class C direc-tors represent the public and are chosen with due, but not exclusive, consideration to the in-terests of agriculture, commerce, industry, ser-vices, labor, and consumers; they may not be officers, directors, or employees of any bank. In addition, Class C directors may not be stockhold-ers of any bank. The Board of Governors desig-nates annually one Class C director as chairman of the board of directors of each District Bank, and designates another Class C director as dep-uty chairman.

Each of the twenty-five Branches of the Fed-eral Reserve Banks has a board of either seven or five directors, a majority of whom are appointed by the parent Federal Reserve Bank; the others are appointed by the Board of Governors. One of the Board's appointees is designated annually as chairman of the board of that Branch in a manner prescribed by the parent Federal Reserve Bank.

The names of the chairman and deputy chair-man of the board of directors of each Reserve Bank and of the chairman of each Branch are published monthly in the Federal Reserve BulletinJ

1. The current list appears on page A80 of this Bulletin.

Term expires

Dec. 31

Richard D. Wardell President and Chief Executive Officer, National Bank of Salisbury, 1990 Salisbury, Connecticut

William H. Chadwick Vice Chairman of the Board and Chief Operating Officer, Banknorth 1991 Group, Inc., Burlington, Vermont

Terrence Murray Chairman of the Board, President, and Chief Executive Officer, 1992 Fleet/Norstar Financial Group, Inc., Providence, Rhode Island

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

May 1990

396 Federal Reserve Bulletin • May 1990

DISTRICT 1—Continued

Class B Stephen R. Levy

Edward H. Ladd

Joan T. Bok

Class C Richard L. Taylor Dr. Jerome H. Grossman

Richard N. Cooper

Chairman of the Board and Chief Executive Officer, Bolt Beranek and Newman, Inc., Cambridge, Massachusetts

Chairman and Chief Executive Officer, Standish, Ayer and Wood, Inc., Boston, Massachusetts

Chairman of the Board, New England Electric System, Westborough, Massachusetts

President, Taylor Properties, Inc., Boston, Massachusetts Chairman of the Board and Chief Executive Officer, N e w England

Medical Center, Inc., Boston, Massachusetts Maurits C. Boas Professor of International Economics, Harvard

University, Cambridge, Massachusetts

Term expires

Dec. 31

1990

1991

1992

1990 1991

1992

DISTRICT 2—NEW YORK

Class A J. Kirby Fowler

John F. McGillicuddy

Victor J. Riley, Jr.

Class B John F. Welch, Jr.

Richard L. Gelb

John A. Georges

Class C Ellen V. Futter Maurice R. Greenberg

Cyrus R. Vance

President and Chief Executive Officer, The Flemington National 1990 Bank and Trust Company, Flemington, New Jersey

Chairman of the Board and Chief Executive Officer, Manufacturers 1991 Hanover Trust Company, New York, New York

Chairman of the Board, President, and Chief Executive Officer, 1992 KeyCorp, Albany, New York

Chairman of the Board and Chief Executive Officer, GE, Fairfield, 1990 Connecticut

Chairman of the Board and Chief Executive Officer, Bristol-Myers 1991 Squibb Company, New York, New York

Chairman of the Board and Chief Executive Officer, International 1992 Paper, Purchase, New York

President, Barnard College, New York, New York 1990 President and Chief Executive Officer, American International 1991

Group, Inc., New York, New York Presiding Partner, Simpson Thacher & Bartlett, N e w York, N e w 1992

York

—BUFFALO BRANCH

Appointed by the Federal Reserve Bank Norman W. Sinclair Chairman of the Board, Lockport Savings Bank, Lockport, N e w 1990

York Richard H. Popp Operating Partner, Southview Farm, Castile, N e w York 1991 Robert G. Wilmers Chairman of the Board and Chief Executive Officer, Manufacturers 1991

and Traders Trust Company, Buffalo, New York Wilbur F. Beh President and Chief Executive Officer, FNB Rochester Corp., 1992

Rochester, New York


May 1990

Directors of Federal Reserve Banks and Branches 397

DISTRICT 2—Continued BUFFALO BRANCH—Continued Appointed by the Board of Governors

Paul E. McSweeney

Mary Ann Lambertsen

Vacancy

Executive Vice President, United Food and Commercial Workers, District Union Local One, AFL-CIO, Amherst, N e w York

Vice President-Human Resources and Information Systems, Fisher-Price, Division of The Quaker Oats Company, East Aurora, N e w York

Term expires

Dec. 31

1990

1991

1992

DISTRICT 3—PHILADELPHIA

Class A Constantinos I. Costalas Chairman of the Board, President, and Chief Executive Officer, 1990

Glendale National Bank of N e w Jersey, Voorhees, N e w Jersey Gary E. Burl President, Delaware National Bank, Georgetown, Delaware 1991 Samuel A. McCullough Chairman of the Board and Chief Executive Officer, Meridian 1992

Bancorp, Inc., Reading, Pennsylvania

Chairman of the Board, Jackson-Cross Company, Philadelphia, 1990 Pennsylvania

Executive Vice President, AHOLD, U.S .A. , Harrisburg, 1991 Pennsylvania

President, R M S Technologies, Inc., Marlton, N e w Jersey 1992

Class B Charles F. Seymour

Nicholas Riso

David W. Huggins

Class C Jane G. Pepper

Gunnar E. Sarsten

Peter A. Benoliel

President, The Pennsylvania Horticultural Society, Philadelphia, 1990 Pennsylvania

Chairman of the Board, President, and Chief Executive Officer, 1991 United Engineers & Constructors, Inc., Philadelphia, Pennsylvania

Chairman of the Board, Quaker Chemical Corporation, 1992 Conshohocken, Pennsylvania

DISTRICT 4—CLEVELAND

Class A William H. May

William T. McConnell Frank Wobst

Class B Verna K. Gibson Douglas E. Olesen

Laban P. Jackson, Jr.

Chairman of the Board and President, First National Bank of 1990 Nelsonville, Nelsonville, Ohio

President, The Park National Bank, Newark, Ohio 1991 Chairman of the Board and Chief Executive Officer, Huntington 1992

Bancshares Incorporated, Columbus, Ohio

President, The Limited Stores, Inc., Columbus, Ohio 1990 President and Chief Executive Officer, Battelle Memorial Institute, 1991

Columbus, Ohio Chairman of the Board, Clearcreek Properties, Lexington, Kentucky 1992


May 1990



Class C Partner, Burke, Haber & Berick, Cleveland, Ohio Former President and Chief Operating Officer, The Standard Oil

Company (Ohio), Cleveland, Ohio Retired Chairman and Chief Executive Officer, Aluminum Company

of America, Pittsburgh, Pennsylvania

—CINCINNATI BRANCH Appointed by the Federal Reserve Bank

Jack W. Buchanan President, Sphar & Company, Inc., Winchester, Kentucky Jerry L. Kirby Chairman of the Board, President, and Chief Executive Officer,

Citizens Federal Savings & Loan Association, Dayton, Ohio Allen L. Davis President and Chief Executive Officer, The Provident Bank,

Cincinnati, Ohio Clay Parker Davis President and Chief Executive Officer, Citizens National Bank,

Somerset, Kentucky Appointed by the Board of Governors

Marvin Rosenberg Partner, Towne Properties, Ltd., Cincinnati, Ohio Kate Ireland National Chairman of the Board, Frontier Nursing Service,

Wendover, Kentucky Vacancy

Robert D. Storey John R. Miller

Charles W. Parry

—PITTSBURGH BRANCH

Appointed by the Federal Reserve Bank George A. Davidson, Jr. Chairman of the Board and Chief Executive Officer, Consolidated

Natural Gas Company, Pittsburgh, Pennsylvania President and Chief Executive Officer, Dollar Bank, F.S.B. ,

Pittsburgh, Pennsylvania President and Chief Executive Officer, First Commonwealth

Financial Corporation, Indiana, Pennsylvania President and Chief Executive Officer, Integra Financial

Corporation, Pittsburgh, Pennsylvania Appointed by the Board of Governors

Milton A. Washington President and Chief Executive Officer, Allegheny Housing Rehabilitation Corporation, Pittsburgh, Pennsylvania

Jack B. Piatt Chairman of the Board and President, Millcraft Industries, Inc., Washington, Pennsylvania

Robert P. Bozzone President and Chief Operating Officer, Allegheny Ludlum Corporation, Pittsburgh, Pennsylvania

DISTRICT 5—RICHMOND

Class A John F. McNair III

C.R. Hill, Jr.

A. Pierce Stone

Stephen C. Hansen

E. James Trimarchi

William F. Roemer

Director, Wachovia Bank & Trust Company, N .A. and The Wachovia Corporation, Winston-Salem, North Carolina

Chairman of the Board and President, Merchants & Miners National Bank, Oak Hill, West Virginia

Chairman, President, and Chief Executive Officer, Virginia Community Bank, Louisa, Virginia

Term expires

Dec. 31

1990

1991

1992

1990

1990

1991

1992

1990

1991

1992

1990

1990

1991

1992

1990

1991

1992

1990

1991

1992


May 1990



Class B Jack C. Smith

Edward H. Co veil R.E. Atkinson, Jr.

Chairman of the Board and Chief Executive Officer, K-VA-T Food Stores, Inc., Grundy, Virginia

President, The Covell Company, Easton, Maryland Chairman, Dilmar Oil Company, Inc., Latta, South Carolina

Term expires

Dec. 31

1990

1991 1992

Class C Hanne Merriman Anne Marie Whittemore Henry J. Faison

Retail Business Consultant, Washington, D.C. 1990 Partner, McGuire, Woods, Battle & Boothe, Richmond, Virginia 1991 President, Faison Associates, Charlotte, North Carolina 1992

—BALTIMORE BRANCH

Appointed by the Federal Reserve Bank Raymond V. Haysbert, Sr. President and Chief Executive Officer, Parks Sausage Company, 1990

Baltimore, Maryland H. Grant Hathaway Chairman of the Board, Maryland National Bank, Baltimore, 1991

Maryland Joseph W. Mosmiller Chairman of the Board, Loyola Federal Savings and Loan 1991

Association, Baltimore, Maryland Richard M. Adams Chairman and Chief Executive Officer, United Bankshares, Inc., 1992

Parkersburg, West Virginia Appointed by the Board of Governors

Gloria L. Johnson Deputy Director of Administration, The Baltimore Museum of Art, 1990 Baltimore, Maryland

Thomas R. Shelton President, Case Foods, Inc., Salisbury, Maryland 1991 John R. Hardesty, Jr. President, Preston Energy, Inc., Kingwood, West Virginia 1992

—CHARLOTTE BRANCH

Appointed by the Federal Reserve Bank James M. Culberson, Jr. Chairman and President, The First National Bank of Randolph 1990

County, Asheboro, North Carolina Crandall C. Bowles President, The Springs Company, Lancaster, South Carolina 1991 James G. Lindley Chairman and Chief Executive Officer, South Carolina National 1991

Corporation, and Chairman, President, and Chief Executive Officer, The South Carolina National Bank, Columbia, South Carolina

David B. Jordan President, Chief Executive Officer and Director, Omni Capital 1992 Group, Inc. and Home Federal Savings Bank, Salisbury, North Carolina

Appointed by the Board of Governors William E. Masters President, Perception, Inc., Easley, South Carolina 1990 Harold D. Kingsmore President and Chief Operating Officer, Graniteville Company, 1991

Graniteville, South Carolina Anne M. Allen President, Allen-Austin, Inc., Greensboro, North Carolina 1992


May 1990


DISTRICT 6—ATLANTA

Class A E.B. Robinson, Jr.

Virgil H. Moore, Jr.

W.H. Swain

Class B Gary J. Chouest

Saundra H. Gray J. Thomas Holton

Class C Edwin A. Huston

Larry L. Prince

Leo Benatar

Chairman of the Board and Chief Executive Officer, Deposit Guaranty National Bank and Deposit Guaranty Corporation, Jackson, Mississippi

Chairman of the Board and Chief Executive Officer, First Farmers and Merchants National Bank, Columbia, Tennessee

Chairman of the Board, First National Bank, Oneida, Tennessee

President and Chief Executive Officer, Edison Chouest Offshore, Inc., Galliano, Louisiana

Co-Owner, Gemini Springs Farm, DeBary, Florida Chairman of the Board and President, Sherman International

Corporation, Birmingham, Alabama

Senior Executive Vice President-Finance, Ryder System, Inc., Miami, Florida

Chairman and Chief Executive Officer, Genuine Parts Company, Atlanta, Georgia

Chairman of the Board and President, Engraph, Inc., Atlanta, Georgia

Term expires

Dec. 31

1990

1991

1992

1990

1991 1992

1990

1991

1992

—BIRMINGHAM BRANCH Appointed by the Federal Reserve Bank

Harry B. Brock, Jr.

Shelton E. Allred

Chairman of the Board and Chief Executive Officer, Central Bank of the South, Birmingham, Alabama

Chairman of the Board, President, and Chief Executive Officer, Frit Industries, Inc., Ozark, Alabama

William F. Childress President, First American Federal Savings and Loan Association, Hunts ville, Alabama

Robert M. Barrett Chairman and President, The First National Bank, Wetumpka, Alabama

Appointed by the Board of Governors A.G. Trammell President, Alabama Labor Council, AFL-CIO, Birmingham,

Alabama Roy D. Terry President and Chief Executive Officer, Terry Manufacturing

Company, Inc., Roanoke, Alabama Nelda P. Stephenson President, Nelda Stephenson Chevrolet, Inc., Florence, Alabama

1990

1991

1991

1992

1990

1991

1992

—JACKSONVILLE BRANCH Appointed by the Federal Reserve Bank

Hugh H. Jones, Jr. Chairman of the Board and Chief Executive Officer, Barnett Bank of Jacksonville, N .A. , Jacksonville, Florida

1990

Perry M. Dawson President and Chief Executive Officer, Suncoast Schools Federal Credit Union, Tampa, Florida

1991

Samuel H. Vickers President and Chief Executive Officer, Design Containers, Inc., Jacksonville, Florida

1991

Merle L. Graser Chairman and Chief Executive Officer, First National Bank of Venice, Venice, Florida

1992


May 1990


DISTRICT 6—Continued Term expires

JACKSONVILLE BRANCH—Continued Dec. 31

Appointed by the Board of Governors Joan Dial Ruffier General Partner, Sunshine Cafes and Vice President, Vista 1990

Landscaping, Orlando, Florida Hugh M. Brown President and Chief Executive Officer, BAMSI, Inc., Titusville, 1991

Florida Lana Jane Lewis-Brent Vice Chairman of the Board, President, and Chief Executive Officer, 1992

Sunshine Jr. Stores, Inc., Panama City, Florida

—MIAMI BRANCH Appointed by the Federal Reserve Bank

Robert M. Taylor Chairman of the Board and Chief Executive Officer, The Mariner Group, Inc., Fort Myers, Florida

1990

Frederick A. Teed President and Chief Executive Officer, Community Savings, F.A. , North Palm Beach, Florida

1990

Roberto G. Blanco Vice Chairman of the Board and Chief Financial Officer, Republic National Bank of Miami, Miami, Florida

1991

A. Gordon Oliver President and Chief Executive Officer, Citizens and Southern National Bank of Florida, Fort Lauderdale, Florida

1992

Appointed by the Board of Governors Robert D. Apelgren President, Apelgren Corporation, Pahokee, Florida 1990 Dorothy C. Weaver Vice President, Intercap Investments, Inc., Miami, Florida 1991 Jose L. Saumat Chairman of the Board, Kaufman and Roberts, Inc., Miami, Florida 1992

—NASHVILLE BRANCH

Appointed by the Federal Reserve Bank Vincent K. Hickam President and Chief Executive Officer, Executive Park National 1990

Bank, Kingsport, Tennessee William Baxter Lee III Chairman of the Board and President, Southeast Services 1991

Corporation, Knoxville, Tennessee Edwin W. Moats, Jr. Chairman of the Board and Chief Executive Officer, Metropolitan 1991

Federal Savings and Loan Association, Nashville, Tennessee James A. Rainey Chairman of the Board, Sovran Financial Corporation/Central 1992

South, Nashville, Tennessee Appointed by the Board of Governors

Victoria B. Jackson President and Chief Executive Officer, Diesel Sales and Service, 1990 Inc. and Prodiesel, Inc., Nashville, Tennessee

Shirley A. Zeitlin President, Shirley Zeitlin & Co. Realtors, Nashville, Tennessee 1991 Harold A. Black Professor and Head, Department of Finance, College of Business 1992

Administration, University of Tennessee, Knoxville, Tennessee

—NEW ORLEANS BRANCH Appointed by the Federal Reserve Bank

Ronald M. Boudreaux President and Chief Executive Officer, First National Bank of St. 1990 Landry Parish, Opelousas, Louisiana

Joel B. Bullard, Jr. President, Joe Bullard Automotive Companies, Mobile, Alabama 1991 Stanley S. Scott President, Crescent Distributing Company, Harahan, Louisiana 1991 Earl W. Lundy Chairman of the Board and Chief Executive Officer, First National 1992

Bank of Vicksburg, Vicksburg, Mississippi


May 1990



NEW ORLEANS BRANCH—Continued Dec. 31

Appointed by The Board of Governors Vacancy 1990 Andre M. Rubenstein Chairman of the Board and Chief Executive Officer, Rubenstein 1991

Brothers, Inc., New Orleans, Louisiana James A. Hefner President, Jackson State University, Jackson, Mississippi 1992

DISTRICT 7—CHICAGO

Class A Barry F. Sullivan John W. Gabbert

B.F. Backlund

Class B Edward D. Powers Max J. Naylor Paul J. Schierl

Class C Marcus Alexis

Charles S. McNeer

Richard G. Cline

Chairman of the Board, First Chicago Corporation, Chicago, Illinois 1990 President and Chief Executive Officer, First of America 1991

Bank-LaPorte, N.A. , LaPorte, Indiana Chairman of the Board and Chief Executive Officer, Bartonville 1992

Bank, Bartonville, Illinois

President, Fire Brick Engineers, Milwaukee, Wisconsin 1990 President, Naylor Farms, Inc., Jefferson, Iowa 1991 Chairman of the Board and Chief Executive Officer, Fort Howard 1992

Corporation, Green Bay, Wisconsin

Dean, College of Business Administration, University of Illinois at 1990 Chicago, Chicago, Illinois

Chairman of the Board and Chief Executive Officer, Wisconsin 1991 Energy Corporation, Milwaukee, Wisconsin

Chairman of the Board, President, and Chief Executive Officer, 1992 NICOR, Inc., Naperville, Illinois

—DETROIT BRANCH

Appointed by the Federal Reserve Bank James A. Aliber

Frederik G.H. Meijer

Robert J. Mylod

Norman F. Rodgers

Chairman of the Board and Chief Executive Officer, FirstFed Michigan Corporation, Detroit, Michigan

Chairman of the Board, Meijer, Incorporated, Grand Rapids, Michigan

Chairman of the Board, President and Chief Executive Officer, Michigan National Corporation, Farmington Hills, Michigan

President and Chief Executive Officer, Hillsdale County National Bank, Hillsdale, Michigan

Appointed by the Board of Governors Beverly Beltaire President, P R Associates, Inc., Detroit, Michigan Phyllis E. Peters Director, Professional Standards Review, Deloitte & Touche,

Detroit, Michigan J. Michael Moore Chairman of the Board and Chief Executive Officer, Invetech

Company, Detroit, Michigan

1990

1990

1991

1992

1990 1991

1992


May 1990


DISTRICT 8—ST. LOUIS

Class A H.L. Hembree III

Henry G. River, Jr.

W.E. Ayres

Class B Roger W. Schipke Thomas F. McLarty III

Frank M. Mitchener, Jr.

Term expires

Dec. 31

Chairman of the Executive Committee, Merchants National Bank, 1990 Fort Smith, Arkansas

President and Chief Executive Officer, First National Bank in 1991 Pinckneyville, Pinckneyville, Illinois

Chairman of the Board and Chief Executive Officer, Simmons First 1992 National Bank of Pine Bluff, Pine Bluff, Arkansas

Senior Vice President, GE Appliances, GE, Louisville, Kentucky 1990 Chairman of the Board and Chief Executive Officer, Arkla, Inc., 1991

Little Rock, Arkansas President, Mitchener Farms, Inc., Sumner, Mississippi 1992

Class C Janet McAfee Weakley President, Janet McAfee, Inc., Clayton, Missouri 1990 Robert H. Quenon President and Chief Executive Officer, Peabody Holding Company, 1991

Inc., St. Louis, Missouri H. Edwin Trusheim Chairman of the Board and Chief Executive Officer, General 1992

American Life Insurance Company, St. Louis, Missouri

—LITTLE ROCK BRANCH

Appointed by the Federal Reserve Bank David Armbruster President, First America Federal Savings Bank, 1990

Fort Smith, Arkansas W. Wayne Hartsfield President and Chief Executive Officer, First National Bank, Searcy, 1990

Arkansas Barnett Grace President and Chief Executive Officer, First Commercial Bank, 1991

N.A. , Little Rock, Arkansas Patricia M. Townsend President, Townsend Company, Stuttgart, Arkansas 1992

Appointed by the Board of Governors William E. Love President, Sound-Craft Systems, Inc., Morrilton, Arkansas 1990 James R. Rodgers Airport Manager, Little Rock Regional Airport, Little Rock, 1991

Arkansas L. Dickson Flake President, Barnes, Quinn, Flake & Anderson, Inc., Little Rock, 1992

Arkansas

—LOUISVILLE BRANCH

Appointed by the Federal Reserve Bank Irving W. Bailey II Chairman of the Board, President, and Chief Executive Officer, 1990

Capital Holding Corporation, Louisville, Kentucky Wayne G. Overall, Jr. President, First Federal Savings Bank, Elizabethtown, Kentucky 1990 Douglas M. Lester Chairman of the Board, President, and Chief Executive Officer, 1991

Trans Financial Bancorp, Inc., Bowling Green, Kentucky Morton Boyd President, First Kentucky National Corporation, Louisville, 1992

Kentucky


May 1990



LOUISVILLE BRANCH—Continued Dec. 31 Appointed by the Board of Governors

Raymond M. Burse Partner, Wyatt, Tarrant and Combs, Louisville, Kentucky 1990 Lois H. Gray Chairman of the Board, James N. Gray Construction Company, 1991

Inc., Glasgow, Kentucky Vacancy 1992

—MEMPHIS BRANCH

Appointed by the Federal Reserve Bank Thomas M. Garrott

Larry A. Watson

Ray U. Tanner

Michael J. Hennessey

President and Chief Operating Officer, National Bank of Commerce 1990 and National Commerce Bancorporation, Memphis, Tennessee

Chairman of the Board and President, Liberty Federal Savings 1990 Bank, Paris, Tennessee

Chairman of the Board and Chief Executive Officer, Jackson 1991 National Bank and Volunteer Bancshares, Inc., Jackson, Tennessee

President, Munro & Company, Inc., Wynne, Arkansas 1992

Appointed by the Board of Governors Seymour B. Johnson Katherine Hinds Smythe Sandra B. Sanderson

Owner, Kay Planting Company, Indianola, Mississippi President, Memorial Park, Inc., Memphis, Tennessee President and Chief Executive Officer, Sanderson Plumbing

Products, Inc., Columbus, Mississippi

1990 1991 1992

DISTRICT 9—MINNEAPOLIS

Class A Joel S. Harris James H. Hearon III

Rodney W. Fouberg

President, Yellowstone Bank, Billings, Montana 1990 Chairman of the Board and Chief Executive Officer, National City 1991

Bank, Minneapolis, Minnesota Chairman of the Board, Farmers and Merchants Bank and Trust 1992

Co., Aberdeen, South Dakota

Class B Earl R. St. John, Jr. Duane E. Dingmann Bruce C. Adams

President, St. John Forest Products, Inc., Spalding, Michigan 1990 President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1991 Partner, Triple Adams Farms, Minot, North Dakota 1992

Class C Delbert W. Johnson President and Chief Executive Officer, Pioneer Metal Finishing, 1990

Minneapolis, Minnesota Michael W. Wright Chairman of the Board, Chief Executive Officer, and President, 1991

Super Valu Stores, Inc., Minneapolis, Minnesota Gerald A. Rauenhorst Chairman of the Board and Chief Executive Officer, Opus 1992

Corporation, Minneapolis, Minnesota


May 1990



Dec. 31 —HELENA BRANCH

Appointed by the Federal Reserve Bank Noble E. Vosburg President and Chief Executive Officer, Pacific Hide and Fur 1990

Corporation, Great Falls, Montana Robert H. Waller President and Chief Executive Officer, First Interstate Bank of 1990

Billings, N .A. , Billings, Montana Beverly D. Harris President, Empire Federal Savings and Loan Association, 1991

Livingston, Montana Appointed by the Board of Governors

J. Frank Gardner President, Montana Resources, Inc., Butte, Montana 1990 James E. Jenks Jenks Farms, Hogeland, Montana 1991

DISTRICT 10—KANSAS CITY Class A

Roger L. Reisher

Robert L. Hollis

Harold L. Gerhart, Jr.

Class B S. Dean Evans, Sr. Frank J. Yaklich, Jr. Frank A. McPherson

Class C Thomas E. Rodriguez

Burton A. Dole, Jr.

Fred W. Lyons, Jr.

Co-Chairman of the Board, FirstBank Holding Company of 1990 Colorado, Lake wood, Colorado

Chairman of the Board and Chief Executive Officer, First National 1991 Bank and Trust Co., Okmulgee, Oklahoma

President and Chief Executive Officer, First National Bank, 1992 Newman Grove, Nebraska

Partner, Evans Grain Company, Salina, Kansas 1990 President, CF & I Steel Corporation, Pueblo, Colorado 1991 Chairman of the Board and Chief Executive Officer, Kerr-McGee 1992

Corporation, Oklahoma City, Oklahoma

President and General Manager, Thomas E. Rodriguez & 1990 Associates, P.C., Aurora, Colorado

Chairman of the Board and President, Puritan-Bennett Corporation, 1991 Overland Park, Kansas

President, Marion Merrell Dow Inc., Kansas City, Missouri 1992

—DENVER BRANCH

Appointed by the Federal Reserve Bank Junius F. Baxter Norman R. Corzine

W. Richard Scarlett III

Henry A. True III

Denver, Colorado 1990 President and Chief Executive Officer, First National Bank in 1991

Albuquerque, Albuquerque, New Mexico Chairman of the Board and Chief Executive Officer, Jackson State 1991

Bank, Jackson Hole, Wyoming Partner, True Companies, Casper, Wyoming 1992

Appointed by the Board of Governors Gilbert Sanchez President, New Mexico Highlands University, Las Vegas, N e w 1990

Mexico Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado 1991 Sandra K. Woods Vice President, Corporate Real Estate, Adolph Coors Company, 1992

Golden, Colorado


May 1990



Dec. 31

—OKLAHOMA CITY BRANCH

Appointed by the Federal Reserve Bank W. Dean Hidy Chairman of the Board, Triad Bank, N .A. , Tulsa, Oklahoma 1990 John Wm. Laisle President, MidFirst Savings and Loan Association, Oklahoma City, 1990

Oklahoma C. Kendric Fergeson Chairman of the Board and Chief Executive Officer, The National 1991

Bank of Commerce, Altus, Oklahoma Appointed by the Board of Governors

John F. Snodgrass President and Trustee, The Samuel Roberts Noble Foundation, Inc., 1990 Ardmore, Oklahoma

Ernest L. Holloway President, Langston University, Langston, Oklahoma 1991

—OMAHA BRANCH

Appointed by the Federal Reserve Bank John R. Cochran President and Chief Executive Officer, Norwest Bank Nebraska, 1990

N.A. , Omaha, Nebraska Sheila Griffin Associate Director, Lied Center for Performing Arts, University of 1991

Nebraska-Lincoln, Lincoln, Nebraska John T. Selzer Chairman of the Board and Chief Executive Officer, Scottsbluflf 1991

National Bank and Trust Company, Scottsbluflf, Nebraska Appointed by the Board of Governors

Herman Cain President and Chief Executive Officer, Godfather's Pizza, Inc., 1990 Omaha, Nebraska

Leroy William Thom President, T-L Irrigation Company, Hastings, Nebraska 1991

DISTRICT 11—DALLAS Class A

T.C. Frost Chairman of the Board, The Frost National Bank, San Antonio, 1990 Texas

Charles T. Doyle Chairman of the Board and Chief Executive Officer, Gulf National 1991 Bank, Texas City, Texas

Robert G. Greer Chairman of the Board, Tanglewood Bank, N .A . , Houston, Texas 1992

Class B Robert L. Pfluger Charles Dickie Williamson

Gary E. Wood

Rancher, San Angelo, Texas 1990 Chairman of the Board and Chief Executive Officer, 1991

Williamson-Dickie Manufacturing Company, Fort Worth, Texas President, Texas Research League, Austin, Texas 1992

Class C Bobby R. Inman Austin, Texas 1990 Hugh G. Robinson Chairman of the Board and Chief Executive Officer, The Tetra 1991

Group, Inc., Dallas, Texas Leo E. Linbeck, Jr. Chairman of the Board and Chief Executive Officer, Linbeck 1992

Construction Corporation, Houston, Texas


May 1990



Dec. 31

—EL PASO BRANCH

Appointed by the Federal Reserve Bank Henry B. Ellis President and Chief Credit Officer, MBank El Paso, N .A . , El Paso, 1990

Texas Ethel Ortega Olson Owner, NAMBE of Ruidoso, Ruidoso, New Mexico 1990 Humberto F. Sambrano President, SamCorp General Contractors, El Paso, Texas 1991 Wayne Merritt Chairman of the Board and President, United Bank, N .A . , Midland, 1992

Texas Appointed by the Board of Governors

Diana S. Natalicio President, The University of Texas at El Paso, El Paso, Texas 1990 Donald G. Stevens Owner, Stevens Oil Company, Roswell, N e w Mexico 1991 W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1992

—HOUSTON BRANCH

Appointed by the Federal Reserve Bank Clive Runnells President and Director, Runnells Cattle Company, Bay City, Texas 1990 David E. Sheffield Member Relations Consultant, American Bankers Association, 1990

Washington, D.C. Jeff Austin, Jr. President, First National Bank of Jacksonville, Jacksonville, Texas 1991 Jenard M. Gross President, Gross Builders, Inc., Houston, Texas 1992

Appointed by the Board of Governors Andrew L. Jefferson, Jr. Attorney, Jefferson and Mims, Houston, Texas 1990 Gilbert D. Gaedcke, Jr. Chairman of the Board and Chief Executive Officer, Gaedcke 1991

Equipment Company, Houston, Texas Judy Ley Allen Allen Investments, Houston, Texas 1992

—SAN ANTONIO BRANCH

Appointed by the Federal Reserve Bank Javier Garza Executive Vice President, The Laredo National Bank, Laredo, 1990

Texas Sam R. Sparks President, Sam R. Sparks, Inc., Progreso, Texas 1990 Jane Flato Smith Investor and Rancher, San Antonio, Texas 1991 Gregory W. Crane Chairman of the Board, President, and Chief Executive Officer, 1992

Broadway National Bank, San Antonio, Texas Appointed by the Board of Governors

Vacancy 1990 Roger R. Hemminghaus Chairman of the Board and Chief Executive Officer, Diamond 1991

Shamrock R&M, Inc., San Antonio, Texas Lawrence E. Jenkins Austin, Texas 1992


May 1990


DISTRICT 12—SAN FRANCISCO

Class A R. Blair Hawkes

William E.B. Siart

Warren K.K. Luke

Class B John N. Nordstrom William L. Tooley

James A. Vohs

Class C Cordell W. Hull

Carolyn S. Chambers

Robert F. Erburu

President and Chief Executive Officer, Ireland Bank, Malad City, Idaho

Chairman of the Board, President, and Chief Executive Officer, First Interstate Bank of California, Los Angeles, California

President and Director, Hawaii National Bancshares, Inc., and Vice Chairman of the Board, Hawaii National Bank, Honolulu, Hawaii

Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington Chairman of the Board, Tooley & Company, Investment Builders,

Los Angeles, California Chairman of the Board, President, and Chief Executive Officer,

Kaiser Foundation Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California

Executive Vice President and Director, Bechtel Group, Inc., San Francisco, California

President and Chief Executive Officer, Chambers Communications Corp., Eugene, Oregon

Chairman of the Board and Chief Executive Officer, The Times Mirror Company, Los Angeles, California

Term expires

Dec. 31

1990

1991

1992

1990 1991

1992

1990

1991

1992

—LOS ANGELES BRANCH

Appointed by the Federal Reserve Bank Ross M. Blakely Chairman of the Executive Committee of the Board, Coast Savings

and Loan, Los Angeles, California Vice Chairman of the Board, Security Pacific National Bank,

Los Angeles, California Editor-in-Chief, La Opinion, Los Angeles, California Chairman of the Board, President, and Chief Executive Officer,

National Bank of Long Beach, Long Beach, California Appointed by the Board of Governors

Richard C. Seaver Chairman, Hydril Company, Los Angeles, California Harry W. Todd Managing Partner, Carlisle Enterprises, L.P., Coronado, California Yvonne Brathwaite Burke Partner, Jones, Day, Reavis & Pogue, Los Angeles, California

David R. Lovejoy

Ignacio E. Lozano, Jr. Fred D. Jensen

1990

1991

1991 1992

1990 1991 1992

—PORTLAND BRANCH

Appointed by the Federal Reserve Bank Stephen G. Kimball President and Chief Executive Officer, Baker Boyer Bancorp, Walla 1990

Walla, Washington G. Dale Weight Chairman of the Board, President, and Chief Executive Officer, The 1990

Benjamin Franklin Savings and Loan Association, Portland, Oregon

Stuart H. Compton Chairman of the Board and Chief Executive Officer, Pioneer Trust 1991 Bank, N.A. , Salem, Oregon

E. Kay Stepp President, Portland General Electric, Portland, Oregon 1992


May 1990



PORTLAND BRANCH—Continued Dec. 31 Appointed by the Board of Governors

Sandra A. Suran Business Consultant, Lake Oswego, Oregon 1990 William A. Hilliard Editor, The Oregonian, Portland, Oregon 1991 Wayne E. Phillips, Jr. Vice President, Phillips Ranch, Inc., Baker, Oregon 1992

—SALT LAKE CITY BRANCH

Appointed by the Federal Reserve Bank Curtis H. Eaton Vice President; Manager, Community Banking Area; and Member of 1990

the Board of Directors, First Security Bank of Idaho, N .A. , Twin Falls, Idaho

Virginia P. Kelson Senior Consultant, Ralston & Associates, Management and Training 1990 Consultants, Salt Lake City, Utah

Gerald R. Christensen President and Chairman, First Federal Savings Bank, Salt Lake 1991 City, Utah

Ronald S. Hanson President, Zions First National Bank, Salt Lake City, Utah 1992

Appointed by the Board of Governors Don M. Wheeler President, Wheeler Machinery Company, Salt Lake City, Utah 1990 D.N. Rose President and Chief Executive Officer, Mountain Fuel Supply 1991

Company, Salt Lake City, Utah Gary G. Michael Vice Chairman, Chief Financial and Corporate Development Officer, 1992

Albertson's, Inc., Boise, Idaho

—SEATTLE BRANCH

Appointed by the Federal Reserve Bank B.R. Beeksma Chairman of the Board, InterWest Savings Bank, Oak Harbor, 1990

Washington Gerry B. Cameron President and Chief Operating Officer, U.S . Bank of Washington, 1990

N.A. , Seattle, Washington Robert P. Gray President, National Bank of Alaska, Anchorage, Alaska 1991 H.H. Larison President, Columbia Paint & Coatings, Spokane, Washington 1992

Appointed by the Board of Governors George F. Russell, Jr. Chairman, Frank Russell Company, Tacoma, Washington 1990 Bruce R. Kennedy Chairman and Chief Executive Officer, Alaska Air Group, Inc., 1991

Seattle, Washington Judith M. Runstad Partner, Foster Pepper and Shefelman, Seattle, Washington 1992


May 1990

359


Regional decentralization and a combination of governmental and private characteristics are im-portant hallmarks of the uniqueness of the Fed-eral Reserve System. Under the Federal Reserve Act, decentralization was achieved by division of the country into twelve regions called Federal Reserve Districts and the establishment in each District of a separately incorporated Federal Reserve Bank, with its own board of directors. The blending of governmental and private char-acteristics is provided through ownership of the stock of the Reserve Bank by member banks in its District who also elect the majority of the board of directors, and by the general supervi-sion of the Reserve Banks by the Board of Governors, an agency of the federal government. The Board also appoints a minority of each board of directors. Thus, there are essential elements of regional participation and counsel in the conduct of the System's affairs for which the Federal Reserve relies in an important way on the con-tributions of the directors of the Federal Reserve Banks and Branches.

The following list of directors of Federal Re-serve Banks and Branches shows for each direc-tor the class of directorship, the principal busi-ness affiliation, and the date the current term expires. Each Federal Reserve Bank has nine members on its board of directors: The member banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. Directors are

DISTRICT L—BOSTON

Class A


Class A directors of each Reserve Bank repre-sent the stockholding member banks of the Fed-eral Reserve District. Class B and Class C direc-tors represent the public and are chosen with due, but not exclusive, consideration of the in-terests of agriculture, commerce, industry, ser-vices, labor, and consumers; they may not be officers, directors, or employees of any bank. In addition, Class C directors may not be stockhold-ers of any bank. The Board of Governors desig-nates annually one Class C director as chairman of the board of directors of each District Bank, and designates another Class C director as dep-uty chairman.

Each of the twenty-five Branches of Federal Reserve Banks has a board of either seven or five directors, a majority of whom are appointed by the parent Federal Reserve Bank; the others are appointed by the Board of Governors. One of the Board's appointees is designated annually as chairman of the board of that Branch in a manner prescribed by the parent Federal Reserve Bank.

The names of the chairman and deputy chair-man of the board of directors of each Reserve Bank and of the chairman of each Branch are published monthly in the Federal Reserve Bulle-tin


Term expires

Dec. 31

William H. Chadwick Vice Chairman of the Board and Chief Operating Officer, Banknorth 1991 Group, Inc., Burlington, Vermont

Terrence Murray Chairman of the Board, President, and Chief Executive Officer, 1992 Fleet/Norstar Financial Group, Inc., Providence, Rhode Island

Norman F.C. Kent President, First National Bank of Portsmouth, Portsmouth, 1993 New Hampshire


May 1991



Class B Edward H. Ladd

Joan T. Bok

Stephen R. Levy

Class C Dr. Jerome H. Grossman

Richard N. Cooper

Vacancy




Chairman of the Board and Chief Executive Officer, N e w England Medical Center, Inc., Boston, Massachusetts

Maurits C. Boas Professor of International Economics, Harvard University, Cambridge, Massachusetts

Term expires

Dec. 31

1991

1992

1993

1991

1992

1993


Class A John F. McGillicuddy


Barbara Harding

Class B Richard L. Gelb

John A. Georges

Rand V. Araskog

Class C Maurice R. Greenberg

Cyrus R. Vance

Ellen V. Futter

Chairman of the Board and Chief Executive Officer, Manufacturers 1991 Hanover Trust Company, New York, N e w York

Chairman of the Board, President, and Chief Executive Officer, 1992 KeyCorp, Albany, New York

Chairman of the Board and Chief Executive Officer, Phillipsburg 1993 National Bank and Trust Company, Phillipsburg, N e w Jersey

Chairman of the Board and Chief Executive Officer, Bristol-Myers 1991 Squibb Company, New York, New York

Chairman of the Board and Chief Executive Officer, 1992 International Paper, Purchase, New York

Chairman and Chief Executive Officer, ITT Corporation, New York, 1993 New York

Chairman and Chief Executive Officer, American International 1991 Group, Inc., New York, New York

Presiding Partner, Simpson Thacher & Bartlett, N e w York, 1992 New York

President, Barnard College, New York, New York 1993

—Buffalo Branch

Appointed by the Federal Reserve Bank Richard H. Popp Operating Partner, Southview Farm, Castile, New York 1991 Robert G. Wilmers Chairman of the Board and Chief Executive Officer, Manufacturers 1991

and Traders Trust Company, Buffalo, N e w York Wilbur F. Beh President and Chief Executive Officer, FNB of Rochester, 1992

Rochester, New York Susan A. McLaughlin President, Eastman Savings and Loan Association, Rochester, 1993

New York


May 1991


DISTRICT 2—Continued Buffalo Branch—Continued

Appointed by the Board of Governors Mary Ann Lambertsen

Herbert L. Washington Joseph J. Castiglia

Vice President—Human Resources and Information Systems, Fisher-Price, Division of The Quaker Oats Company, East Aurora, New York

HLW Fast Track, Inc., Rochester, New York President and Chief Executive Officer, Pratt & Lambert, Inc.,

Buffalo, N e w York

Term expires

Dec. 31

1991

1992 1993


Class A H. Bernard Lynch

Samuel A. McCullough

Gary F. Simmerman

Class B Nicholas Riso

David W. Huggins James M. Mead

President and Chief Executive Officer, The First National Bank of 1991 Wyoming, Wyoming, Delaware

Chairman of the Board and Chief Executive Officer, 1992 Meridian Bancorp, Inc., Reading, Pennsylvania

President and Chief Executive Officer, United Jersey Bank/South, 1993 N.A. , Cherry Hill, New Jersey

Executive Vice President, AHOLD, U.S .A. , Harrisburg, 1991 Pennsylvania

President, R M S Technologies, Inc., Marlton, New Jersey 1992 President, Capital Blue Cross, Harrisburg, Pennsylvania 1993

Class C Donald J. Kennedy

Peter A. Benoliel

Jane G. Pepper

Business Manager, International Brotherhood of Electrical Workers, 1991 Local Union No. 269, Trenton, New Jersey


President, The Pennsylvania Horticultural Society, 1993 Philadelphia, Pennsylvania


Class A William T. McConnell Frank Wobst

Alfred C. Leist

Class B Douglas E. Olesen

Laban P. Jackson, Jr. Verna K. Gibson

President, The Park National Bank, Newark, Ohio Chairman of the Board and Chief Executive Officer,

Huntington Bancshares Incorporated, Columbus, Ohio President, Chairman, and Chief Executive Officer, Apple Creek

Banking Company, Apple Creek, Ohio

1991 1992

1993

1991 President and Chief Executive Officer, Battelle Memorial Institute, Columbus, Ohio

Chairman of the Board, Clearcreek Properties, Lexington, Kentucky 1992 Former President, The Limited Stores, Inc., Columbus, Ohio 1993


May 1991



Class C John R. Miller

A. William Reynolds John R. Hodges

Former President and Chief Operating Officer, The Standard Oil Company (Ohio), Cleveland, Ohio

Chairman and Chief Executive Officer, GenCorp, Fairlawn, Ohio President, Ohio AFL-CIO, Columbus, Ohio

Term expires

Dec. 31

1991

1992 1993

—Cincinnati Branch Appointed by the Federal Reserve Bank

Allen L. Davis President and Chief Executive Officer, The Provident Bank, 1991 Cincinnati, Ohio

Clay Parker Davis President and Chief Executive Officer, Citizens National Bank, 1992 Somerset, Kentucky

Jack W. Buchanan President, Sphar & Company, Inc., Winchester, Kentucky 1993 Harry A. Shaw III Chairman and Chief Executive Officer, Huffy Corporation, 1993

Dayton, Ohio Appointed by the Board of Governors

Kate Ireland National Chairman of the Board, Frontier Nursing Service, 1991 Wendover, Kentucky

Eleanor Hicks Advisor for International Liaison, Protocol, and Services and 1992 Associate Professor of Political Science, University of Cincinnati, Cincinnati, Ohio

Marvin Rosenberg Partner, Towne Properties, Ltd., Cincinnati, Ohio 1993

—Pittsburgh Branch Appointed by the Federal Reserve Bank

E. James Trimarchi

William F. Roemer

George A. Davidson, Jr.

I.N. Rendall Harper, Jr.

President and Chief Executive Officer, First Commonwealth Financial Corporation, Indiana, Pennsylvania

Chairman and Chief Executive Officer, Integra Financial Corporation, Pittsburgh, Pennsylvania

Chairman of the Board and Chief Executive Officer, Consolidated Natural Gas Company, Pittsburgh, Pennsylvania

President, American Micrographics Company, Inc., Monroeville, Pennsylvania

Appointed by the Board of Governors Jack B. Piatt Chairman of the Board, Millcraft Industries, Inc., Washington,

Pennsylvania Robert P. Bozzone President and Chief Executive Officer, Allegheny Ludlum

Corporation, Pittsburgh, Pennsylvania Sandra L. Phillips Executive Director, Pittsburgh Partnership for Neighborhood

Development, Pittsburgh, Pennsylvania


Class A C.R. Hill, Jr.

A. Pierce Stone

James G. Lindley

1991

1992

1993

1993

1991

1992

1993

Chairman of the Board and President, Merchants & Miners National Bank, Oak Hill, West Virginia

Chairman, President, and Chief Executive Officer, Virginia Community Bank, Louisa, Virginia

Chairman, President, and Chief Executive Officer, South Carolina National Bank, Columbia, South Carolina

1991

1992

1993


May 1991



Class B Edward H. Co veil R.E. Atkinson, Jr. Paul A. DelaCourt

President, The Covell Company, Easton, Maryland Chairman, Dilmar Oil Company, Inc., Florence, South Carolina Chairman, The North Carolina Enterprise Corporation,

Raleigh, North Carolina

Term expires

Dec. 31

1991 1992 1993

Class C Anne Marie Whittemore Henry J. Faison Stephen Brobeck

Partner, McGuire, Woods, Battle & Boothe, Richmond, Virginia 1991 President, Faison Associates, Charlotte, North Carolina 1992 Executive Director, Consumer Federation of America, 1993

Washington, D.C.

—Baltimore Branch

Appointed by the Federal Reserve Bank H. Grant Hathaway

Joseph W. Mosmiller

Richard M. Adams

Daniel P. Henson III

Chairman of the Board, Maryland National Bank, Baltimore, Maryland

Chairman of the Board, Loyola Federal Savings and Loan Association, Baltimore, Maryland

Chairman and Chief Executive Officer, United Bankshares, Inc., Parkersburg, West Virginia

Senior Development Director, Struever Bros., Eccles & Rouse, Inc., Baltimore, Maryland

Appointed by the Board of Governors Thomas R. Shelton President, Case Foods, Inc., Salisbury, Maryland John R. Hardesty, Jr. President, Preston Energy, Inc., Kingwood, West Virginia William H. Wynn International President, United Food and Commercial Workers

International Union, AFl^CIO & CLC, Washington, D.C.

1991

1991

1992

1993

1991 1992 1993

—Charlotte Branch

Appointed by the Federal Reserve Bank Crandall C. Bowles President, The Springs Company, Lancaster, South Carolina 1991 L. Glenn Orr, Jr. Chairman, President, and Chief Executive Officer, Southern 1991

National Corporation, Lumberton, North Carolina David B. Jordan President, Chief Executive Officer, and Director, Omni Capital 1992

Group, Inc. and OMNIBANK, Salisbury, North Carolina Jim M. Cherry, Jr. President and Chief Executive Officer, Williamsburg First National 1993

Bank, Kingstree, South Carolina

Appointed by the Board of Governors Harold D. Kingsmore President and Chief Operating Officer, Graniteville Company,

Graniteville, South Carolina Anne M. Allen President, Anne Allen & Associates, Inc., Greensboro, North

Carolina William E. Masters President, Perception, Inc., Easley, South Carolina

1991

1992

1993


May 1991



Class A Virgil H. Moore, Jr.

W.H. Swain James B. Williams

Chairman of the Board and Chief Executive Officer, First Farmers and Merchants National Bank, Columbia, Tennessee

Chairman of the Board, First National Bank, Oneida, Tennessee President and Chief Executive Officer, SunTrust Banks, Inc.,

Atlanta, Georgia

Term expires

Dec. 31

1991

1992 1993

Class B Saundra H. Gray J. Thomas Holton

Andre M. Rubenstein

Class C Larry L. Prince

Leo Benatar

Edwin A. Huston

Co-Owner, Gemini Springs Farm, DeBary, Florida 1991 Chairman of the Board and President, Sherman International 1992

Corporation, Birmingham, Alabama Chairman of the Board and Chief Executive Officer, Rubenstein 1993

Brothers, Inc., New Orleans, Louisiana

Chairman and Chief Executive Officer, Genuine Parts Company, 1991 Atlanta, Georgia

Chairman of the Board and President, Engraph, Inc., 1992 Atlanta, Georgia

Senior Executive Vice President-Finance, Ryder System, Inc., 1993 Miami, Florida

—Birmingham Branch

Appointed by the Federal Reserve Bank Shelton E. Allred Chairman of the Board, President, and Chief Executive Officer, 1991

Frit Industries, Inc., Ozark, Alabama William F. Childress President, First American Federal Savings and Loan Association, 1991

Huntsville, Alabama Robert M. Barrett Chairman and President, The First National Bank, Wetumpka, 1992

Alabama Julian W. Banton Chairman, President, and Chief Executive Officer, SouthTrust Bank 1993

of Alabama, N.A. , Birmingham, Alabama Appointed by the Board of Governors

Roy D. Terry President and Chief Executive Officer, Terry Manufacturing 1991 Company, Inc., Roanoke, Alabama

Nelda P. Stephenson President, Nelda Stephenson Chevrolet, Inc., Florence, Alabama 1992 Donald E. Boomershine President, Better Business Bureau of Central Alabama, Inc., 1993

Birmingham, Alabama

—Jacksonville Branch

Appointed by the Federal Reserve Bank Perry M. Dawson President and Chief Executive Officer, Suncoast Schools Federal

Credit Union, Tampa, Florida 1991

Samuel H. Vickers Chairman, President, and Chief Executive Officer, Design Containers, Inc., Jacksonville, Florida

1991

Merle L. Graser Chairman and Chief Executive Officer, First National Bank of Venice, Venice, Florida

1992

Hugh H. Jones, Jr. Chairman of the Board and Chief Executive Officer, Barnett Bank of Jacksonville, N.A. , Jacksonville, Florida

1993


May 1991


DISTRICT 6—Continued Jacksonville Branch—Continued Appointed by the Board of Governors

Hugh M. Brown

Lana Jane Lewis-Brent

Joan Dial Ruffier

Term expires

Dec. 31

1991 President and Chief Executive Officer, BAMSI, Inc., Titusville, Florida

Vice Chairman of the Board, President, and Chief Executive Officer, 1992 Sunshine Jr. Stores, Inc., Panama City, Florida

General Partner, Sunshine Cafes and Vice President, 1993 Vista Landscaping, Orlando, Florida

—Miami Branch Appointed by the Federal Reserve Bank

Roberto G. Blanco Vice Chairman of the Board and Chief Financial Officer, Republic 1991 National Bank of Miami, Miami, Florida

A. Gordon Oliver Chairman, President, and Chief Executive Officer, Citizens and 1992 Southern National Bank of Florida, Fort Lauderdale, Florida

Steven C. Shimp President, O-A-K/Florida, Inc., Fort Myers, Florida 1993 Pat L. Tornillo, Jr., Executive Vice President, United Teachers of Dade, Miami, Florida 1993

Appointed by the Board of Governors Dorothy C. Weaver President, Intercap Equities, Inc., Coral Gables, Florida 1991 Jose L. Saumat President, Greater Miami Trading, Inc., Miami, Florida 1992 Michael T. Wilson President, Vinegar Bend Farms, Inc., Belle Glade, Florida 1993

—Nashville Branch

Appointed by the Federal Reserve Bank William Baxter Lee III Chairman of the Board and President, Southeast Services 1991

Corporation, Knoxville, Tennessee Edwin W. Moats, Jr. Chairman of the Board and Chief Executive Officer, Metropolitan 1991

Federal Savings and Loan Association, Nashville, Tennessee James D. Harris President and Chief Executive Officer, Brentwood National Bank, 1992

Brentwood, Tennessee Williams E. Arant, Jr. President and Chief Executive Officer, First National Bank of 1993

Knoxville, Knoxville, Tennessee Appointed by the Board of Governors

Shirley A. Zeitlin President, Shirley Zeitlin & Co. Realtors, Nashville, Tennessee 1991 Harold A. Black Professor and Head, Department of Finance, College of Business 1992

Administration, University of Tennessee, Knoxville, Tennessee Victoria B. Jackson President and Chief Executive Officer, Diesel Sales and Service, 1993

Inc. and Prodiesel, Inc., Nashville, Tennessee

—New Orleans Branch

Appointed by the Federal Reserve Bank Joel B. Bullard, Jr. President, Joe Bullard Automotive Companies, Mobile, Alabama 1991 Stanley S. Scott President, Crescent Distributing Company, Harahan, Louisiana 1991 Earl W. Lundy Chairman of the Board and Chief Executive Officer, First National 1992

Bank of Vicksburg, Vicksburg, Mississippi A. Hartie Spence President, Calcasieu Marine National Bank, Lake Charles, 1993

Louisiana


May 1991


DISTRICT 6—Continued TERM New Orleans Branch—Continued Dec™

Appointed by the Board of Governors JoAnn Slaydon President, Slaydon's Ltd., Baton Rouge, Louisiana 1991 Vacancy 1992 Victor Bussie President, Louisiana AFI^CIO, Baton Rouge, Louisiana 1993


Class A John W. Gabbert

B.F. Backlund

David W. Fox

Class B Max J. Nay lor Paul J. Schierl A. Charlene Sullivan

Class C Charles S. McNeer

Richard G. Cline

Robert M. Healey

President and Chief Executive Officer, First of America 1991 Bank-LaPorte, N.A., LaPorte, Indiana

Chairman of the Board and Chief Executive Officer, 1992 Bartonville Bank, Bartonville, Illinois

Chairman, President, and Chief Executive Officer, The Northern 1993 Trust Corporation and The Northern Trust Company, Chicago, Illinois

President, Naylor Farms, Inc., Jefferson, Iowa 1991 Financial Consultant, Green Bay, Wisconsin 1992 Associate Professor of Management, Krannert Graduate School of 1993

Management, Purdue University, West Lafayette, Indiana

Chairman of the Board and Chief Executive Officer, 1991 Wisconsin Energy Corporation, Milwaukee, Wisconsin


President, Chicago Federation of Labor and Industrial Union 1993 Council, AFL-CIO, Chicago, Illinois

—Detroit Branch

Appointed by the Federal Reserve Bank Robert J. Mylod Chairman of the Board, President, and Chief Executive Officer, 1991

Michigan National Corporation, Farmington Hills, Michigan Norman F. Rodgers President and Chief Executive Officer, Hillsdale County National 1992

Bank, Hillsdale, Michigan Charles E. Allen President and Chief Executive Officer, Graistone Realty Advisors, 1993

Inc., Detroit, Michigan William E. Odom Chairman, Ford Motor Credit Company, Dearborn, Michigan 1993

Appointed by the Board of Governors Phyllis E. Peters Director, Professional Standards Review, Deloitte & Touche, 1991

Detroit, Michigan J. Michael Moore Chairman of the Board and Chief Executive Officer, 1992

Invetech Company, Detroit, Michigan Beverly Beltaire President, P R Associates, Inc., Detroit, Michigan 1993


May 1991



Class A Henry G. River, Jr.

W.E. Ayres

Ray U. Tanner

Class B Thomas F. McLarty III

Frank M. Mitchener, Jr. Warren R. Lee

Term expires

Dec. 31

1991 President and Chief Executive Officer, First National Bank in Pinckneyville, Pinckneyville, Illinois

Chairman of the Board and Chief Executive Officer, Simmons First 1992 National Bank of Pine Bluff, Pine Bluff, Arkansas

Chairman of the Board and Chief Executive Officer, Jackson 1993 National Bank and Volunteer Bancshares, Inc., Jackson, Tennessee

Chairman of the Board and Chief Executive Officer, Arkla, Inc., 1991 Little Rock, Arkansas

President, Mitchener Farms, Inc., Sumner, Mississippi 1992 President, W.R. Lee & Associates, Inc., Louisville, Kentucky 1993

Class C Robert H. Quenon H. Edwin Trusheim

Janet McAfee Weakley

Chairman, Peabody Holding Company, Inc., St. Louis, Missouri 1991 Chairman of the Board and Chief Executive Officer, General 1992

American Life Insurance Company, St. Louis, Missouri President, Janet McAfee, Inc., St. Louis, Missouri 1993

—Little Rock Branch

Appointed by the Federal Reserve Bank Barnett Grace Chairman and Chief Executive Officer, First Commercial Bank, 1991

N.A. , Little Rock, Arkansas Patricia M. Townsend President, Townsend Company, Stuttgart, Arkansas 1992 James V. Kelley III Chairman, President, and Chief Executive Officer, First United 1993

Bancshares, Inc., El Dorado, Arkansas Mahlon A. Martin President, Winthrop Rockefeller Foundation, Little Rock, Arkansas 1993

Appointed by the Board of Governors James R. Rodgers Airport Manager, Little Rock Regional Airport, 1991

Little Rock, Arkansas L. Dickson Flake President, Barnes, Quinn, Flake & Anderson, Inc., 1992

Little Rock, Arkansas William E. Love President, Sound-Craft Systems, Inc., Morrilton, Arkansas 1993

-Louisville Branch

Appointed by the Federal Reserve Bank Douglas M. Lester Chairman of the Board, President, and Chief Executive Officer, 1991

Trans Financial Bancorp, Inc., Bowling Green, Kentucky Morton Boyd Chairman and Chief Executive Officer, First Kentucky National 1992

Corporation, Louisville, Kentucky Laura M. Douglas Legal Director, Metropolitan Sewer District, Louisville, Kentucky 1993 Vacancy 1993


May 1991


DISTRICT 8—Continued Louisville Branch—Continued

Appointed by the Board of Governors Lois H. Gray Chairman of the Board, James N. Gray Construction 1991

Company, Inc., Glasgow, Kentucky Daniel L. Ash President and Plant Manager (Retired), Rohm and Haas Kentucky 1992

Incorporated, Louisville, Kentucky John A. Williams Chairman and Chief Executive Officer, Computer Services, Inc., 1993

Paducah, Kentucky

—Memphis Branch

Appointed by the Federal Reserve Bank James L. Magee Chairman and Chief Executive Officer, Farmers Bank & Trust 1991

Company, Blytheville, Arkansas Michael J. Hennessey President, Munro & Company, Inc., Wynne, Arkansas 1992 Thomas M. Garrott President and Chief Operating Officer, National Bank of Commerce 1993

and National Commerce Bancorporation, Memphis, Tennessee Larry A. Watson Chairman of the Board and President, Liberty Federal Savings 1993

Bank, Paris, Tennessee Appointed by the Board of Governors

Katherine Hinds Smythe President, Memorial Park, Inc., Memphis, Tennessee 1991 Sandra B. Sanderson- President and Chief Executive Officer, Sanderson Plumbing 1992

Chesnut Products, Inc., Columbus, Mississippi Seymour B. Johnson Owner, Kay Planting Company, Indianola, Mississippi 1993

Term expires

Dec. 31


Class A James H. Hearon III

Rodney W. Fouberg

Charles L. Seaman

Chairman of the Board and Chief Executive Officer, National City 1991 Bank, Minneapolis, Minnesota

Chairman of the Board, Farmers and Merchants Bank and Trust 1992 Co., Aberdeen, South Dakota

President and Chief Executive Officer, First State Bank of Warner, 1993 Warner, South Dakota

Class B Duane E. Dingmann Bruce C. Adams Earl R. St. John, Jr.

President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1991 Partner, Triple Adams Farms, Minot, North Dakota 1992 President, St. John Forest Products, Inc., Spalding, Michigan 1993

Class C Jean D. Kinsey Professor, Consumption and Consumer Economics, Department of 1991

Agricultural and Applied Economics, University of Minnesota, St. Paul, Minnesota

Gerald A. Rauenhorst Chairman of the Board and Chief Executive Officer, 1992 Opus Corporation, Minneapolis, Minnesota

Delbert W. Johnson President and Chief Executive Officer, Pioneer Metal Finishing, 1993 Minneapolis, Minnesota


May 1991


DISTRICT 9—CONTINUED

—Helena Branch

Appointed by the Federal Reserve Bank Beverly D. Harris

Robert T. Gerhardt

President, Empire Federal Savings and Loan Association, Livingston, Montana

Chairman, President, and Chief Executive Officer, First Interstate Bank of Montana, N.A. , Kalispell, Montana

Nancy M. Stephenson Executive Director, Neighborhood Housing Services, Great Falls, Montana

Appointed by the Board of Governors James E. Jenks Jenks Farms, Hogeland, Montana J. Frank Gardner President, Montana Resources, Inc., Butte, Montana

Term expires

Dec. 31

1991

1992

1992

1991 1992

DISTRICT 10—KANSAS CITY

Class A Robert L. Hollis


Roger L. Reisher

Class B Frank J. Yaklich, Jr. Frank A. McPherson

Don E. Adams

Chairman of the Board and Chief Executive Officer, First National 1991 Bank and Trust Co. of Okmulgee, Okmulgee, Oklahoma

Chairman and Chief Executive Officer, First National Bank, 1992 Newman Grove, Nebraska

Co-Chairman of the Board, FirstBank Holding Company of 1993 Colorado, Lakewood, Colorado

President, CF & I Steel Corporation, Pueblo, Colorado 1991 Chairman of the Board and Chief Executive Officer, Kerr-McGee 1992

Corporation, Oklahoma City, Oklahoma Buffalo, Oklahoma 1993

Class C Burton A. Dole, Jr.

Fred W. Lyons, Jr. Thomas E. Rodriguez

Chairman of the Board and President, Puritan-Bennett Corporation, Overland Park, Kansas

President, Marion Merrell Dow Inc., Kansas City, Missouri President and General Manager, Thomas E. Rodriguez &

Associates, P.C., Aurora, Colorado

1991

1992 1993

—Denver Branch

Appointed by the Federal Reserve Bank Norman R. Corzine

W. Richard Scarlett III

Henry A. True III Peter R. Decker

President and Chief Executive Officer, First National Bank in Albuquerque, Albuquerque, New Mexico

Chairman of the Board and Chief Executive Officer, Jackson State Bank, Jackson Hole, Wyoming

Partner, True Companies, Casper, Wyoming President, Decker & Associates, Denver, Colorado

Appointed by the Board of Governors Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado Sandra K. Woods Vice President, Corporate Real Estate, Adolph Coors Company,

Golden, Colorado Gilbert Sanchez President, New Mexico Highlands University, Las Vegas,

N e w Mexico

1991

1991

1992 1993

1991 1992

1993


May 1991


DISTRICT 10—CONTINUED TERM expires

—Oklahoma City Branch Dec. 31

Appointed by the Federal Reserve Bank C. Kendric Fergeson Chairman of the Board and Chief Executive Officer, The National 1991

Bank of Commerce, Altus, Oklahoma W. Dean Hidy Chairman of the Board, Triad Bank, N.A., Tulsa, Oklahoma 1992 John Wm. Laisle President, MidFirst Bank, SSB, Oklahoma City, Oklahoma 1992

Appointed by the Board of Governors Ernest L. Holloway President, Langston University, Langston, Oklahoma 1991 William R. Allen President and Chief Executive Officer, Union Equity Cooperative 1992

Exchange, Enid, Oklahoma

—Omaha Branch Appointed by the Federal Reserve Bank

Sheila Griffin Associate Director for Audience and Program Development, Lied 1991 Center for Performing Arts, University of Nebraska-Lincoln, Lincoln, Nebraska

John T. Selzer Chairman of the Board and Chief Executive Officer, FirsTier Bank, 1991 N.A., Scottsbluff, Nebraska

John R. Cochran President and Chief Executive Officer, Norwest Bank, Nebraska, 1992 N.A., Omaha, Nebraska

Appointed by the Board of Governors LeRoy W. Thom President, T-L Irrigation Company, Hastings, Nebraska 1991 Herman Cain President and Chief Executive Officer, Godfather's Pizza, Inc., 1992

Omaha, Nebraska

DISTRICT 11—DALLAS

Class A Chairman of the Board and Chief Executive Officer, Gulf National 1991

Bank, Texas City, Texas Chairman of the Board, Tanglewood Bank, N.A., Houston, Texas 1992 Chairman of the Board, Frost National Bank, San Antonio, Texas 1993

Charles T. Doyle

Robert G. Greer T.C. Frost

Class B Peyton Yates

Gary E. Wood J.B. Cooper, Jr.

President, Yates Drilling Company, and Executive Vice President, 1991 Yates Petroleum Corporation, Artesia, New Mexico

President, Texas Research League, Austin, Texas 1992 Farmer, Roscoe, Texas 1993

Class C Hugh G. Robinson

Leo E. Linbeck, Jr.

Henry G. Cisneros

Chairman of the Board and Chief Executive Officer, The Tetra 1991 Group, Inc., Dallas, Texas

Chairman of the Board and Chief Executive Officer, Linbeck 1992 Construction Corporation, Houston, Texas

Chairman and Chief Executive Officer, Cisneros Asset Management 1993 Co., San Antonio, Texas


May 1991


DISTRICT 11—CONTINUED TERM expires

—El Paso Branch Dec. 31

Appointed by the Federal Reserve Bank Humberto F. Sambrano President, SamCorp General Contractors, El Paso, Texas 1991 Wayne Merritt President, Claydesta National Bank, Midland, Texas 1992 Ben H. Haines, Jr. President, First National Bank of Dona Ana County, Las Cruces, 1993

New Mexico Alvin T. Johnson Senior Vice President and Founder, Management Assistance 1993

Corporation of America, El Paso, Texas

Appointed by the Board of Governors Donald G. Stevens Owner, Stevens Oil Company, Roswell, New Mexico 1991 W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1992 Diana S. Natalicio President, The University of Texas at El Paso, El Paso, Texas 1993

—Houston Branch

Appointed by the Federal Reserve Bank Jeff Austin, Jr. President, First National Bank of Jacksonville, Jacksonville, Texas 1991 Jenard M. Gross President, Gross Builders, Inc., Houston, Texas 1992 Walter E. Johnson President and Chief Executive Officer, Southwest Bank of Texas, 1993

Houston, Texas Clive Runnells President and Director, Runnells Cattle Company, Bay City, Texas 1993

Appointed by the Board of Governors Gilbert D. Gaedcke, Jr. Chairman of the Board and Chief Executive Officer, Gaedcke 1991

Equipment Company, Houston, Texas Judy Ley Allen Partner and Administrator, Allen Investments, Houston, Texas 1992 Milton Carroll President, Instrument Products, Inc., Houston, Texas 1993

—San Antonio Branch

Appointed by the Federal Reserve Bank Jane Flato Smith Investor and Rancher, San Antonio, Texas 1991 Gregory W. Crane Chairman of the Board, President, and Chief Executive Officer, 1992

Broadway National Bank, San Antonio, Texas Javier Garza Executive Vice President, The Laredo National Bank, Laredo, 1993

Texas Sam R. Sparks President, Sam R. Sparks, Inc., Santa Rosa, Texas 1993

Appointed by the Board of Governors Roger R. Hemminghaus Chairman of the Board, President, and Chief Executive Officer, 1991

Diamond Shamrock, Inc., San Antonio, Texas Lawrence E. Jenkins Vice President (Retired), Lockheed Missiles and Space Company, 1992

Austin, Texas Erich Wendl President, Maverick Markets, Inc., Corpus Christi, Texas 1993


May 1991



Class A William E.B. Siart Warren K.K. Luke

Richard L. Mount

Class B William L. Tooley

E. Kay Stepp John N. Nordstrom

President, First Interstate Bancorp, Los Angeles, California President and Director, Hawaii National Bancshares, Inc., and Vice

Chairman of the Board, Hawaii National Bank, Honolulu, Hawaii Chairman, President, and Chief Executive Officer, Saratoga

Bancorp, Saratoga, California

Chairman, Tooley & Company, Investment Builders, Los Angeles, California

President, Portland General Electric, Portland, Oregon Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington

Term expires

Dec. 31

1991 1992

1993

1991

1992 1993

Class C Carolyn S. Chambers

Robert F. Erburu

James A. Vohs

President and Chief Executive Officer, Chambers Communications 1991 Corp., Eugene, Oregon

Chairman of the Board and Chief Executive Officer, The Times 1992 Mirror Company, Los Angeles, California

Chairman of the Board, President, and Chief Executive Officer, 1993 Kaiser Foundation Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California

—Los Angeles Branch

Appointed by the Federal Reserve Bank David R. Lovejoy Former Vice Chairman of the Board, Security Pacific National 1991

Bank, Los Angeles, California Ignacio E. Lozano, Jr. Editor-in-Chief, La Opinion, Los Angeles, California 1991 Fred D. Jensen Chairman of the Board, President, and Chief Executive Officer, 1992

National Bank of Long Beach, Long Beach, California Anita Landecker Director of California Programs, Local Initiatives Support 1993

Corporation, Los Angeles, California

Appointed by the Board of Governors Harry W. Todd Managing Partner, Carlisle Enterprises, L.P., Coronado, California 1991 Yvonne Brathwaite Burke Partner, Jones, Day, Reavis & Pogue, Los Angeles, California 1992 Donald G. Phelps Chancellor, Los Angeles Community College District, Los Angeles, 1993

California

—Portland Branch

Appointed by the Federal Reserve Bank Stuart H. Compton Chairman of the Board and Chief Executive Officer, Pioneer Trust 1991

Bank, N.A., Salem, Oregon Cecil W. Drinkward President and Chief Executive Officer, Hoffman Construction 1993

Company, Portland, Oregon Stephen G. Kimball President and Chief Executive Officer, Baker Boyer Bancorp, 1993

Walla Walla, Washington


May 1991


DISTRICT 12—Continued Term Portland Branch—Continued Dec'n

Appointed by the Board of Governors William A. Hilliard Editor, The Oregonian, Portland, Oregon 1991 Wayne E. Phillips, Jr. Vice President, Phillips Ranch, Inc., Baker, Oregon 1992 Ross R. Runkel Director, Willamette University Center for Dispute Resolution, 1993

Salem, Oregon

—Salt Lake City Branch

Appointed by the Federal Reserve Bank Gerald R. Christensen President and Chairman, First Federal Savings Bank, 1991

Salt Lake City, Utah Ronald S. Hanson President, Zions First National Bank, Salt Lake City, Utah 1992 Curtis H. Eaton Vice President; Manager, Community Banking Area; and Member of 1993

the Board of Directors, First Security Bank of Idaho, N.A., Twin Falls, Idaho

Virginia P. Kelson Partner, Ralston & Associates, Salt Lake City, Utah 1993

Appointed by the Board of Governors D.N. Rose President and Chief Executive Officer, Mountain Fuel Supply 1991

Company, Salt Lake City, Utah Gary G. Michael Chairman and Chief Executive Officer, Albertson's, Inc., Boise, 1992

Idaho Constance G. Hogland Executive Director, Boise Neighborhood Housing Services, Inc., 1993

Boise, Idaho

—Seattle Branch

Appointed by the Federal Reserve Bank Robert P. Gray President, National Bank of Alaska, Anchorage, Alaska 1991 H.H. Larison President, Columbia Paint & Coatings, Spokane, Washington 1992 B.R. Beeksma Chairman of the Board, InterWest Savings Bank, Oak Harbor, 1993

Washington Gerry B. Cameron President and Chief Operating Officer, U.S. Bank of Washington, 1993

N.A., Seattle, Washington Appointed by the Board of Governors

Bruce R. Kennedy Chairman, Alaska Air Group, Inc., Seattle, Washington 1991 Judith M. Runstad Managing Partner, Foster Pepper and Shefelman, Seattle, 1992

Washington George F. Russell, Jr. Chairman, President and CEO, Frank Russell Company, Tacoma, 1993

Washington


May 1991

386


Regional decentralization and a combination of governmental and private characteristics are im-portant hallmarks of the uniqueness of the Fed-eral Reserve System. Under the Federal Reserve Act, decentralization was achieved by division of the country into twelve regions called Federal Reserve Districts, and the establishment in each District of a separately incorporated Federal Reserve Bank with its own board of directors. The blending of governmental and private char-acteristics is provided through ownership of the stock of the Reserve Bank by member banks in its District, who also elect the majority of the board of directors, and by the general supervi-sion of the Reserve Banks by the Board of Governors, an agency of the federal government. The Board also appoints a minority of each board of directors. Thus, there are essential elements of regional participation and counsel in the conduct of the System's affairs for which the Federal Reserve relies in an important way on the con-tributions of the directors of the Federal Reserve Banks and Branches.

The following list of directors of Federal Re-serve Banks and Branches shows for each direc-tor the class of directorship, the principal busi-ness affiliation, and the date the current term expires. Each Federal Reserve Bank has nine members on its board of directors: the member banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. Directors are

DISTRICT 1—BOSTON

Class A


Class A directors of each Reserve Bank repre-sent the stockholding member banks of the Fed-eral Reserve District. Class B and Class C direc-tors represent the public and are chosen with due, but not exclusive, consideration to the in-terests of agriculture, commerce, industry, ser-vices, labor, and consumers; they may not be officers, directors, or employees of any bank. In addition, Class C directors may not be stockhold-ers of any bank. The Board of Governors desig-nates annually one Class C director as chairman of the board of directors of each District Bank, and designates another Class C director as dep-uty chairman.

Each of the twenty-five Branches of Federal Reserve Banks has a board of either seven or five directors, a majority of whom are appointed by the parent Federal Reserve Bank; the others are appointed by the Board of Governors. One of the Board's appointees is designated annually as chairman of the board of that Branch in a manner prescribed by the parent Federal Reserve Bank.

The names of the chairman and deputy chair-man of the board of directors of each Reserve Bank and of the chairman of each Branch are published monthly in the Federal Reserve Bulle-tinJ


Term expires

Dec. 31

Terrence Murray

Vacancy Robert M. Silva

Chairman of the Board, President, and Chief Executive Officer, Fleet/Norstar Financial Group, Inc., Providence, Rhode Island

President, Chief Executive Officer, and Director, The Citizens National Bank, Putnam, Connecticut

1992

1993 1994


May 1992

387


Class B

Joan T. Bok

Stephen R. Levy

Edward H. Ladd

Class C

Richard N. Cooper

John E. Flynn

Jerome H. Grossman




Maurits C. Boas Professor of International Economics, Harvard University, Cambridge, Massachusetts

Executive Director, The Quality Connection, East Dennis, Massachusetts

Chairman of the Board and Chief Executive Officer, New England Medical Center, Inc., Boston, Massachusetts

Term expires

Dec. 31

1992

1993

1994

1992

1993

1994


Class A


Barbara Harding

Thomas G. Labrecque

Class B

John A. Georges

Rand V. Araskog

Robert E. Allen

Chairman of the Board, President, and Chief Executive Officer, KeyCorp, Albany, New York

Chairman of the Board and Chief Executive Officer, Phillipsburg National Bank and Trust Company, Phillipsburg, New Jersey

Chairman and Chief Executive Officer, The Chase Manhattan Bank, N.A., New York, New York

1992

1993

1994

1992 Chairman of the Board and Chief Executive Officer, International Paper, Purchase, New York

Chairman, President, and Chief Executive Officer, ITT Corporation, 1993 New York, New York

Chairman and Chief Executive Officer, AT&T, New York, New 1994 York

Class C Cyrus R. Vance Ellen V. Futter Maurice R. Greenberg

Presiding Partner, Simpson Thacher & Bartlett, New York, New York 1992 President, Barnard College, New York, New York 1993 Chairman and Chief Executive Officer, American International 1994

Group, Inc., New York, New York

-Buffalo Branch

Appointed by the Federal Reserve Bank Wilbur F. Beh Susan A. McLaughlin

Charles M. Mitschow

Richard H. Popp

President, Atlanta National Bank, Atlanta, New York 1992 General Credit Manager, Eastman Kodak Company, Rochester, 1993

New York Senior Executive Vice President, Regional Banking, Marine Midland 1994

Bank, N.A., Buffalo, New York Operating Partner, Southview Farm, Castile, New York 1994


May 1992


DISTRICT 2—Continued TERM expires

Buffalo Branch—Continued Dec• 31

Appointed by the Board of Governors Herbert L. Washington HLW Fast Track, Inc., Rochester, New York 1992 Joseph J. Castiglia President and Chief Executive Officer, Pratt & Lambert, Inc., 1993

Buffalo, New York Donald L. Rust Plant Manager, General Motors Powertrain Division, Tonawanda 1994

Engine Plant, Buffalo, New York


Class A

Samuel A. McCullough

Gary F. Simmerman

H. Bernard Lynch

Class B David W. Huggins James M. Mead James A. Hagen

Class C

Peter A. Benoliel

Jane G. Pepper

Donald J. Kennedy

Chairman of the Board and Chief Executive Officer, Meridian 1992 Bancorp, Inc., Reading, Pennsylvania

President and Chief Executive Officer, United Jersey Bank/South, 1993 N.A., Cherry Hill, New Jersey


President, R M S Technologies, Inc., Marlton, New Jersey 1992 President, Capital Blue Cross, Harrisburg, Pennsylvania 1993 Chairman, President, and Chief Executive Officer, Consolidated Rail 1994

Corporation, Philadelphia, Pennsylvania


President, The Pennsylvania Horticultural Society, Philadelphia, 1993 Pennsylvania



Class A Chairman of the Board and Chief Executive Officer, Huntington 1992

Bancshares Incorporated, Columbus, Ohio Chairman, President, and Chief Executive Officer, Apple Creek 1993

Banking Company, Apple Creek, Ohio President, The Park National Bank, Newark, Ohio 1994

Frank Wobst

Alfred C. Leist

William T. McConnell

Class B Laban P. Jackson, Jr. Verna K. Gibson Douglas E. Olesen

Chairman of the Board, Clearcreek Properties, Lexington, Kentucky 1992 Business Consultant, Columbus, Ohio 1993 President and Chief Executive Officer, Battelle Memorial Institute, 1994

Columbus, Ohio


May 1992



Class C

A. William Reynolds John R. Hodges John R. Miller

Chairman and Chief Executive Officer, GenCorp, Fairlawn, Ohio President, Ohio AFL-CIO, Columbus, Ohio Former President and Chief Operating Officer,

The Standard Oil Company (Ohio), Cleveland, Ohio

Term expires

Dec. 31

1992 1993 1994

—Cincinnati Branch

Appointed by the Federal Reserve Bank Clay Parker Davis President and Chief Executive Officer, Citizens National Bank, 1992

Somerset, Kentucky Jack W. Buchanan President, Sphar & Company, Inc., Winchester, Kentucky 1993 Harry A. Shaw, III Chairman and Chief Executive Officer, Huffy Corporation, 1993

Dayton, Ohio Marvin J. Stammen President and Chief Executive Officer, Second National Bank, 1994

Greenville, Ohio Appointed by the Board of Governors

Eleanor Hicks Advisor for International Liaison Protocol and Services, and 1992 Associate Professor of Political Science, University of Cincinnati, Cincinnati, Ohio

Marvin Rosenberg Partner, Towne Properties, Ltd., Cincinnati, Ohio 1993 Raymond A. Bradbury Chairman, Martin County Coal Corporation, Inez, Kentucky 1994

—Pittsburgh Branch

Appointed by the Federal Reserve Bank William F. Roemer Chairman and Chief Executive Officer, Integra Financial 1992

Corporation, Pittsburgh, Pennsylvania George A. Davidson, Jr. Chairman and Chief Executive Officer, Consolidated Natural Gas 1993

Company, Pittsburgh, Pennsylvania I.N. Rendall Harper, Jr. President, American Micrographics Company, Inc., Monroeville, 1993

Pennsylvania David S. Dahlmann President and Chief Executive Officer, Southwest National 1994

Corporation, Greensburg, Pennsylvania Appointed by the Board of Governors

Robert P. Bozzone President and Chief Executive Officer, Allegheny Ludlum 1992 Corporation, Pittsburgh, Pennsylvania

Sandra L. Phillips Executive Director, Pittsburgh Partnership for Neighborhood 1993 Development, Pittsburgh, Pennsylvania

Jack B. Piatt Chairman of the Board, Millcraft Industries, Inc., Washington, 1994 Pennsylvania


Class A A. Pierce Stone Chairman, President, and Chief Executive Officer, Virginia 1992

Community Bank, Louisa, Virginia James G. Lindley Chairman, President, and Chief Executive Officer, South Carolina 1993

National Bank, Columbia, South Carolina Webb C. Hayes IV President, The Palmer National Bank, Washington, D.C. 1994


May 1992



Class B

R. E. Atkinson, Jr. Paul A. DelaCourt

L. Newton Thomas, Jr.

Class C Henry J. Faison Stephen Brobeck

Anne Marie Whittemore

Chairman, Dilmar Oil Company, Inc., Florence, South Carolina Chairman, The North Carolina Enterprise Corporation, Raleigh,

North Carolina Retired Senior Vice President, ITT/Carbon Industries, Inc.,

Charleston, West Virginia

President, Faison Associates, Charlotte, North Carolina Executive Director, Consumer Federation of America, Washington,

D.C. Partner, McGuire, Woods, Battle & Boothe, Richmond, Virginia

Term expires

Dec. 31

1992 1993

1994

1992 1993

1994

—Baltimore Branch

Appointed by the Federal Reserve Bank Richard M. Adams

Daniel P. Henson III

Admiral Thomas J. Hughes

F. Levi Ruark

Chairman and Chief Executive Officer, United Bankshares, Inc., Parkersburg, West Virginia

Senior Development Director, Struever Bros., Eccles & Rouse, Inc., Baltimore, Maryland

President, Navy Federal Credit Union, Vienna, Virginia

Chairman of the Board and President, The National Bank of Cambridge, Cambridge, Maryland

Appointed by the Board of Governors John R. Hardesty, Jr. President, Preston Energy, Inc., Kingwood, West Virginia Michael R. Watson President, Association of Maryland Pilots, Annapolis, Maryland Rebecca Hahn Windsor Chairman and Chief Executive Officer, Hahn Transportation, Inc.,

New Market, Maryland

1992

1993

1994

1994

1992 1993 1994

—Charlotte Branch

Appointed by the Federal Reserve Bank David B. Jordan President, Chief Executive Officer, and Director, Omni Capital 1992

Group, Inc. and OMNIBANK, Salisbury, North Carolina Jim M. Cherry, Jr. President and Chief Executive Officer, Williamsburg First National 1993

Bank, Kingstree, South Carolina Vacancy 1994 L. Glenn Orr, Jr. Chairman, President, and Chief Executive Officer, Southern 1994

National Corporation, Lumberton, North Carolina

Appointed by the Board of Governors Anne M. Allen President, Anne Allen & Associates, Inc., Greensboro, North Carolina 1992 William E. Masters President, Perception, Inc., Easley, South Carolina 1993 Harold D. Kingsmore President and Chief Operating Officer, Graniteville Company, 1994

Graniteville, South Carolina


May 1992



Class A

W. H. Swain James B. Williams

Simpson Russell

Class B

J. Thomas Holton

Andre M. Rubenstein

Saundra H. Gray

Chairman of the Board, First National Bank, Oneida, Tennessee Chairman and Chief Executive Officer, SunTrust Banks, Inc.,

Atlanta, Georgia Chairman and Chief Executive Officer, The First National Bank of

Florence, Florence, Alabama

Chairman of the Board and President, Sherman International Corporation, Birmingham, Alabama

Chairman of the Board and Chief Executive Officer, Rubenstein Brothers, Inc., New Orleans, Louisiana

Co-Owner, Gemini Springs Farm, DeBary, Florida

Class C

Leo Benatar

Edwin A. Huston

Hugh M. Brown

Chairman of the Board and President, Engraph, Inc., Atlanta, Georgia

Senior Executive Vice President-Finance, Ryder System, Inc., Miami, Florida

President and Chief Executive Officer, BAMSI, Inc., Titusville, Florida

—Birmingham Branch

Appointed by the Federal Reserve Bank Robert M. Barrett

Julian W. Banton

Marlin D. Moore, Jr. Columbus Sanders

Chairman and President, The First National Bank of Wetumpka, Wetumpka, Alabama

Chairman, President, and Chief Executive Officer, SouthTrust Bank of Alabama, N.A., Birmingham, Alabama

Chairman, Pritchett-Moore, Inc., Tuscaloosa, Alabama President, Consolidated Industries, Inc., Huntsville, Alabama

Appointed by the Board of Governors Nelda P. Stephenson President, Nelda Stephenson Chevrolet, Inc., Florence, Alabama Donald E. Boomershine President, Better Business Bureau of Central Alabama, Inc.,

Birmingham, Alabama Shelton E. Allred Chairman of the Board, President, and Chief Executive Officer,

Frit Incorporated, Ozark, Alabama

—Jacksonville Branch

Appointed by the Federal Reserve Bank Merle L. Graser Chairman and Chief Executive Officer, First National Bank of

Venice, Venice, Florida Hugh H. Jones, Jr. Chairman of the Board and Chief Executive Officer, Barnett Bank of

Jacksonville, N.A., Jacksonville, Florida Perry M. Dawson President and Chief Executive Officer, Suncoast Schools Federal

Credit Union, Tampa, Florida Arnold A. Heggestad William H. Dial Professor and Director, College of Business

Administration, University of Florida, Gainesville, Florida

Term expires

Dec. 31

1992 1993

1994

1992

1993

1994

1992

1993

1994

1992

1993

1994 1994

1992 1993

1994

1992

1993

1994

1994


May 1992



Jacksonville Branch—Continued

Term expires

Dec. 31

Appointed by the Board of Governors Lana Jane Lewis-Brent

Joan Dial Ruffier

Samuel H. Vickers

Vice Chairman of the Board, President, and Chief Executive Officer, 1992 Paul Brent Designer, Inc., Panama City, Florida

General Partner, Sunshine Cafes and Vice President, Vista 1993 Landscaping, Orlando, Florida

Chairman, President, and Chief Executive Officer, Design 1994 Containers, Inc., Jacksonville, Florida

—Miami Branch

Appointed by the Federal Reserve Bank E. Anthony Newton President, Island National Bank of Palm Beach, Palm Beach, 1992

Florida Steven C. Shimp President, O-A-K/Florida, Inc., Fort Myers, Florida 1993 Pat L. Tornillo, Jr. Executive Vice President, United Teachers of Dade, Miami, Florida 1993 Roberto G. Blanco Vice Chairman and Chief Financial Officer, Republic National Bank 1994

of Miami, Miami, Florida

Appointed by the Board of Governors R. Kirk Landon Chairman and Chief Executive Officer, American Bankers Insurance 1992

Group, Miami, Florida Michael T. Wilson President, Vinegar Bend Farms, Inc., Belle Glade, Florida 1993 Dorothy C. Weaver President, Intercap Investments, Inc., Coral Gables, Florida 1994

—Nashville Branch

Appointed by the Federal Reserve Bank James D. Harris President and Chief Executive Officer, Brentwood National Bank, 1992

Brentwood, Tennessee Williams E. Arant, Jr. President and Chief Executive Officer, First National Bank of 1993

Knoxville, Knoxville, Tennessee William Baxter Lee III Chairman and President, Southeast Services Corporation, Knoxville, 1994

Tennessee Marguerite W. Sallee President and Chief Executive Officer, Corporate Child Care 1994

Management Services, Nashville, Tennessee

Appointed by the Board of Governors Harold A. Black Professor and Head, Department of Finance, College of Business 1992

Administration, University of Tennessee, Knoxville, Tennessee Victoria B. Jackson President and Chief Executive Officer, DSS/Prodiesel, Inc., 1993

Nashville, Tennessee James R. Tuerflf President and Chief Executive Officer, American General Life and 1994

Accident Insurance Company, Nashville, Tennessee


May 1992



—New Orleans Branch

Appointed by the Federal Reserve Bank Earl W. Lundy Chairman of the Board and Chief Executive Officer, First National

Bank of Vicksburg, Vicksburg, Mississippi A. Hartie Spence President, Calcasieu Marine National Bank, Lake Charles, Louisiana Joel B. Bullard, Jr. President, Joe Bullard Automotive Companies, Mobile, Alabama Kay L. Nelson Managing Director, Nelson Capital Corporation, New Orleans,

Louisiana Appointed by the Board of Governors

Lucimarian Tolliver Roberts

Victor Bussie Jo Ann Slaydon

President, Mississippi Coast Coliseum Commission, Pass Christian, Mississippi

President, Louisiana AFL-CIO, Baton Rouge, Louisiana President, Slaydon Consultants, Baton Rouge, Louisiana

Term expires

Dec. 31

1992

1993 1994 1994

1992

1993 1994


Class A

B.F. Backlund

David W. Fox

Stefan S. Anderson

Class B Paul J. Schierl A. Charlene Sullivan

Thomas C. Dorr

Class C Richard G. Cline

Robert M. Healey

Duane L. Burnham

—Detroit Branch

Chairman of the Board and Chief Executive Officer, Bartonville 1992 Bank, Peoria, Illinois

Chairman, President, and Chief Executive Officer, The Northern Trust 1993 Corporation and The Northern Trust Company, Chicago, Illinois

Chairman of the Board, President, and Chief Executive Officer, First 1994 Merchants Corporation and First Merchants Bank, Muncie, Indiana

Financial Consultant, Green Bay, Wisconsin 1992 Associate Professor of Management, Krannert Graduate School of 1993

Management, Purdue University, West Lafayette, Indiana President and Chief Executive Officer, Dorr's Pine Grove Farm Co., 1994

Marcus, Iowa


President, Chicago Federation of Labor and Industrial Union 1993 Council, AFL-CIO, Chicago, Illinois

Chairman and Chief Executive Officer, Abbott Laboratories, 1994 Abbott Park, Illinois

Appointed by the Federal Reserve Bank Norman F. Rodgers

Charles E. Allen

William E. Odom Daniel R. Smith

President and Chief Executive Officer, Hillsdale County National 1992 Bank, Hillsdale, Michigan

President and Chief Executive Officer, Graistone Realty Advisors, 1993 Inc., Detroit, Michigan

Chairman, Ford Motor Credit Company, Dearborn, Michigan 1993 Chairman and Chief Executive Officer, First of America Bank 1994

Corporation, Kalamazoo, Michigan


May 1992


DISTRICT 7— Continued

—Detroit Branch—Continued

Appointed by the Board of Governors J. Michael Moore

Beverly A. Beltaire John D. Forsyth

Chairman of the Board and Chief Executive Officer, Invetech Company, Detroit, Michigan

President, P R Associates, Inc., Detroit, Michigan Executive Director, University of Michigan Hospitals, Ann Arbor,

Michigan

Term expires

Dec. 31

1992

1993 1994


Class A

W.E. Ayres

Ray U. Tanner

Henry G. River, Jr.

Chairman of the Board, Simmons First National Bank of Pine Bluff, 1992 Pine Bluff, Arkansas

Chairman, Director, and Chief Executive Officer, Jackson National 1993 Bank, Jackson, Tennessee

President, First National Bank in Pinckneyville, Pinckneyville, Illinois 1994

Class B Frank M. Mitchener, Jr. Warren R. Lee Sandra B. Sanderson-

Chesnut

President, Mitchener Farms, Inc., Sumner, Mississippi 1992 President, W. R. Lee & Associates, Inc., Louisville, Kentucky 1993 President and Chief Executive Officer, Sanderson Plumbing 1994

Products, Inc., Columbus, Mississippi

Class C H. Edwin Trusheim

Janet McAfee Weakley Robert H. Quenon

Chairman and Chief Executive Officer, General American Life 1992 Insurance Company, St. Louis, Missouri

President, Janet McAfee, Inc., St. Louis, Missouri 1993 Mining Consultant, St. Louis, Missouri 1994

—Little Rock Branch

Appointed by the Federal Reserve Bank Patricia M. Townsend President, Townsend Company, Stuttgart, Arkansas 1992 James V. Kelley Chairman, President, and Chief Executive Officer, First United 1993

Bancshares, Inc., El Dorado, Arkansas Mahlon A. Martin President, Winthrop Rockefeller Foundation, Little Rock, Arkansas 1993 Barnett Grace Chairman and Chief Executive Officer, First Commercial Bank, 1994

N.A., Little Rock, Arkansas Appointed by the Board of Governors

James R. Rodgers Airport Manager, Little Rock Regional Airport, Little Rock, Arkansas 1992 L. Dickson Flake President, Barnes, Quinn, Flake & Anderson, Inc., Little Rock, 1993

Arkansas Robert Daniel Nabholz, Jr. Chief Executive Officer, Nabholz Construction Corporation, 1994

Conway, Arkansas


May 1992



—Louisville Branch ^ec•

Appointed by the Federal Reserve Bank Morton Boyd Chairman and Chief Executive Officer, First Kentucky National 1992

Corporation, Louisville, Kentucky Robert M. Hall Owner, Mike Hall Farm, Seymour, Indiana 1993 Charles D. Storms President and Chief Executive Officer, Red Spot Paint and Varnish 1993

Company, Inc., Evansville, Indiana Douglas M. Lester Chairman, President, and Chief Executive Officer, Trans Financial 1994

Bancorp, Inc., Bowling Green, Kentucky Appointed by the Board of Governors

Daniel L. Ash Managing Director, Louisville Energy and Environment 1992 Corporation, Louisville, Kentucky

John A. Williams Chairman and Chief Executive Officer, Computer Services, Inc., 1993 Paducah, Kentucky

Laura M. Douglas Legal Director, Metropolitan Sewer District, Louisville, Kentucky 1994

—Memphis Branch

Appointed by the Federal Reserve Bank Michael J. Hennessey President, Munro & Company, Inc., Wynne, Arkansas 1992 Thomas M. Garrott President and Chief Operating Officer, National Bank of Commerce 1993

and National Commerce Bancorporation, Memphis, Tennessee Larry A. Watson Chairman of the Board and President, Liberty Federal Savings 1993

Bank, Paris, Tennessee Lewis F. Mallory, Jr. President and Chief Executive Officer, National Bank of Commerce 1994

of Mississippi, Starkville, Mississippi Appointed by the Board of Governors

M. Rita Schroeder President, St. Francis Hospital, Memphis, Tennessee 1992 Seymour B. Johnson Owner, Kay Planting Company, Indianola, Mississippi 1993 A.C. Wharton, Jr. Partner, Wharton & Wharton & Associates, Memphis, Tennessee 1994


Class A

Rodney W. Fouberg

Charles L. Seaman

William W. Strausburg

Class B Bruce C. Adams Earl R. St. John, Jr. Duane E. Dingmann

Chairman of the Board, Farmers and Merchants Bank and Trust 1992 Co., Aberdeen, South Dakota


Chairman and Chief Executive Officer, First Bank Montana, N.A., 1994 and General Manager, First Bank-Regional Banking Group, Billings, Montana

Partner, Triple Adams Farms, Minot, North Dakota 1992 President, St. John Forest Products, Inc., Spalding, Michigan 1993 President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1994


May 1992



Class C

Gerald A. Rauenhorst

Delbert W. Johnson

Jean D. Kinsey

—Helena Branch

Chairman of the Board and Chief Executive Officer, Opus Corporation, Minneapolis, Minnesota

President and Chief Executive Officer, Pioneer Metal Finishing, Minneapolis, Minnesota

Professor, Consumption and Consumer Economics, Department of Agricultural and Applied Economics, University of Minnesota, St. Paul, Minnesota

Appointed by the Federal Reserve Bank Donald E. Olsson, Jr. Nancy M. Stephenson

Beverly D. Harris

Executive Vice President, Ronan State Bank, Ronan, Montana Executive Director, Neighborhood Housing Services, Great Falls,

Montana President, Empire Federal Savings and Loan Association,

Livingston, Montana

Appointed by the Board of Governors J. Frank Gardner President, Montana Resources, Inc., $utte, Montana James E. Jenks Jenks Farms, Hogeland, Montana

Term expires

Dec. 31

1992

1993

1994

1992 1992

1993

1992 1993


Class A


Roger L. Reisher

Charles I. Moyer

Chairman and Chief Executive Officer, First National Bank, 1992 Newman Grove, Nebraska

Co-Chairman of the Board, FirstBank Holding Company of 1993 Colorado, Lake wood, Colorado

Chairman and Chief Executive Officer, The First National Bank of 1994 Phillipsburg, Phillipsburg, Kansas

Class B Frank A. McPherson

Don E. Adams Frank J. Yaklich, Jr.

Chairman of the Board and Chief Executive Officer, Kerr-McGee 1992 Corporation, Oklahoma City, Oklahoma

Buffalo, Oklahoma 1993 President and Chief Executive Officer, CF & I Steel Corporation, 1994

Pueblo, Colorado

Class C

Herman Cain

Thomas E. Rodriguez

Burton A. Dole, Jr.

President and Chief Executive Officer, Godfather's Pizza, Inc., 1992 Omaha, Nebraska

President and General Manager, Thomas E. Rodriguez & 1993 Associates, P.C., Aurora, Colorado



May 1992



Dec. 31 —Denver Branch

Appointed by the Federal Reserve Bank Henry A. True III Partner, True Companies, Casper, Wyoming 1992 Peter R. Decker President, Decker & Associates, Denver, Colorado 1993 Clifford E. Kirk President and Chief Executive Officer, First National Bank of 1994

Gillette, Gillette, Wyoming Richard I. Ledbetter President and Chief Executive Officer, First National Bank of 1994

Farmington, Farmington, New Mexico

Appointed by the Board of Governors Sandra K. Woods Vice President, Corporate Real Estate, Adolph Coors Company, 1992

Golden, Colorado Gilbert Sanchez President, New Mexico Highlands University, Las Vegas, 1993

New Mexico Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado 1994

—Oklahoma City Branch

Appointed by the Federal Reserve Bank Gordona Duca President and Owner, Gordona Duca, Inc., Tulsa, Oklahoma 1992 John Wm. Laisle President and Chief Executive Officer, MidFirst Bank, SSB, 1992

Oklahoma City, Oklahoma C. Kendric Fergeson Chairman of the Board and Chief Executive Officer, The National 1993

Bank of Commerce, Altus, Oklahoma

Appointed by the Board of Governors William R. Allen, Jr. President and Chief Executive Officer, Union Equity Co-Operative 1992

Exchange, Enid, Oklahoma Ernest L. Holloway President, Langston University, Langston, Oklahoma 1993

—Omaha Branch

Appointed by the Federal Reserve Bank John R. Cochran President and Chief Executive Officer, Norwest Bank Nebraska, 1992

N.A., Omaha, Nebraska Donald A. Leu President and Chief Executive Officer, Consumer Credit Counseling 1993

Service, Omaha, Nebraska Thomas H. Olson President and Chief Executive Officer, First National Bank, Sidney, 1993

Nebraska

Appointed by the Board of Governors Sheila Griffin Special Advisor to the Governor for International Trade, Lincoln, 1992

Nebraska LeRoy W. Thorn President, T-L Irrigation Company, Hastings, Nebraska 1993


May 1992



Class A Robert G. Greer T.C. Frost Eugene M. Phillips

Class B Gary E. Wood J.B. Cooper, Jr. Peyton Yates

Class C

Leo E. Linbeck, Jr.

Henry G. Cisneros

Cece Smith

Chairman of the Board, Tanglewood Bank, N.A., Houston, Texas Chairman of the Board, Frost National Bank, San Antonio, Texas Chairman of the Board and President, The First National Bank of

Panhandle, Panhandle, Texas

President, Texas Research League, Austin, Texas Farmer, Roscoe, Texas President, Yates Drilling Company, and Executive Vice President,

Yates Petroleum Corporation, Artesia, New Mexico

Chairman of the Board and Chief Executive Officer, Linbeck Construction Corporation, Houston, Texas

Chairman and Chief Executive Officer, Cisneros Asset Management Co., San Antonio, Texas

General Partner, Phillips-Smith Specialty Retail Group, Dallas, Texas

Term expires

Dec. 31

1992 1993 1994

1992 1993 1994

1992

1993

1994

—El Paso Branch

Appointed by the Federal Reserve Bank Wayne Merritt Veronica K. Callaghan Ben H. Haines, Jr.

Hugo Bustamante, Jr.

Chairman and President, Texas National Bank, Midland, Texas Vice President and Principal, KASCO Ventures, Inc., El Paso, Texas President and Chief Operating Officer, First National Bank of Dona

Ana County, Las Cruces, New Mexico Owner and Chief Executive Officer, CarLube Inc. dba ProntoLube,

El Paso, Texas

Appointed by the Board of Governors W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas Diana S. Natalicio President, The University of Texas at El Paso, El Paso, Texas Alvin T. Johnson Senior Vice President, Management Assistance Corporation of

America, El Paso, Texas

—Houston Branch

1992 1993 1993

1994

1992 1993 1994

Appointed by the Federal Reserve Bank Jenard M. Gross Walter E. Johnson

Clive Runnells Tieman H. Dippel, Jr.

President, Gross Builders, Inc., Houston, Texas President and Chief Executive Officer, Southwest Bank of Texas,

Houston, Texas President and Director, Runnells Cattle Company, Bay City, Texas Chairman of the Board and President, Brenham Bancshares, Inc.,

Brenham, Texas

Appointed by the Board of Governors Judy Ley Allen Milton Carroll

Isaac H. Kempner III

Partner and Administrator, Allen Investments, Houston, Texas Chairman and Chief Executive Officer, Instrument Products, Inc.,

Houston, Texas Chairman of the Board, Imperial Holly Corporation, Sugar Land,

Texas

1992 1993

1993 1994

1992 1993

1994


May 1992



—San Antonio Branch

Appointed by the Federal Reserve Bank Gregory W. Crane Chairman of the Board, President, and Chief Executive Officer,

Javier Garza Sam R. Sparks T. Jack Moore III

Broadway National Bank, San Antonio, Texas Executive Vice President, The Laredo National Bank, Laredo, Texas President, Sam R. Sparks, Inc., Santa Rosa, Texas Owner and Manager, T.J. Moore Lumber Inc., Ingram, Texas

Appointed by the Board of Governors Vice President (Retired), Lockheed Missiles and Space Company,

Austin, Texas President and Chief Executive Officer, Maverick Markets, Inc.,

Corpus Christi, Texas Chairman, President, and Chief Executive Officer, Diamond

Shamrock, Inc., San Antonio, Texas

Lawrence E. Jenkins

Erich Wendl

Roger R. Hemminghaus


Term expires

Dec. 31

1992

1993 1993 1994

1992

1993

1994

Class A Warren K.K. Luke

Richard L. Mount

William E.B. Siart

President and Director, Hawaii National Bancshares, Inc., and Vice 1992 Chairman of the Board and Chief Executive Officer, Hawaii National Bank, Honolulu, Hawaii

Chairman, President, and Chief Executive Officer, Saratoga 1993 Bancorp, Saratoga, California

President, First Interstate Bancorp, Los Angeles, California 1994

Class B E. Kay Stepp

John N. Nordstrom William L. Tooley

Class C Robert F. Erburu

James A. Vohs

Judith M. Runstad

President and Chief Operating Officer, Portland General Electric, Portland, Oregon

Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington Chairman, Tooley & Company, Investment Builders, Los Angeles,

California

Chairman of the Board and Chief Executive Officer, The Times Mirror Company, Los Angeles, California

Chairman and Chief Executive Officer (Retired), Kaiser Foundation Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California

Co-Managing Partner, Foster Pepper and Shefelman, Seattle, Washington

—Los Angeles Branch

Appointed by the Federal Reserve Bank

1992

1993 1994

1992

1993

1994

Fred D. Jensen Vice Chairman, Aktiv Bank Holding Company, Long Beach, 1992

Anita Landecker California

Anita Landecker Regional Vice President, Local Initiatives Support Corporation, 1993 Los Angeles, California

William S. Randall Chief Executive Officer, Southwest Region, First Interstate Bank, 1994 Phoenix, Arizona

Ignacio E. Lozano, Jr. Editor-in-Chief, La Opinion, Los Angeles, California 1994


May 1992


DISTRICT 12—Continued TERM expires

Los Angeles Branch—Continued Dec• 31

Appointed by the Board of Governors Vacancy 1992 Donald G. Phelps Chancellor, Los Angeles Community College District, Los Angeles, 1993

California Walfred J. Fassler Regional Vice President, Chevron U.S.A. Inc., Los Angeles, 1994

California

—Portland Branch

Appointed by the Federal Reserve Bank Elizabeth K. Johnson President, TransWestern Helicopters, Inc., Scappoose Industrial 1992

Airpark, Scappoose, Oregon Cecil W. Drinkward President, Hoffman Construction Company, Portland, Oregon 1993 Stephen G. Kimball Chairman, President, and Chief Executive Officer, Baker Boyer 1993

Bancorp, Walla Walla, Washington Stuart H. Compton Chairman, Pioneer Trust Bank, N.A., Salem, Oregon 1994

Appointed by the Board of Governors Wayne E. Phillips, Jr. Vice President, Phillips Ranch, Inc., Baker, Oregon 1992 Ross R. Runkel Professor of Law and Director, Willamette University Center for 1993

Dispute Resolution, Salem, Oregon William A. Hilliard Editor, The Oregonian, Portland, Oregon 1994

—Salt Lake City Branch

Appointed by the Federal Reserve Bank Ronald S. Hanson Member of the Board and Member of the Executive Committee, 1992

Zions First National Bank, Salt Lake City, Utah Curtis H. Eaton Vice President; Manager, Community Banking Area; and Member of 1993

the Board of Directors, First Security Bank of Idaho, N.A., Twin Falls, Idaho

Virginia P. Kelson Partner, Ralston Consulting Group, Salt Lake City, Utah 1993 Gerald R. Sherratt President, Southern Utah University, Cedar City, Utah 1994

Appointed by the Board of Governors Gary G. Michael Chairman and Chief Executive Officer, Albertson's, Inc., Boise, 1992

Idaho Constance G. Hogland Executive Director, Boise Neighborhood Housing Services, Inc., 1993

Boise, Idaho H. Roger Boyer Chairman of the Board, The Boyer Company, Salt Lake City, Utah 1994


May 1992



Dec. 31 —Seattle Branch

Appointed by the Federal Reserve Bank H.H. Larison President and Chief Executive Officer, Columbia Paint & Coatings, 1992

Spokane, Washington B.R. Beeksma Chairman of the Board, InterWest Savings Bank, 1993

Oak Harbor, Washington Gerry B. Cameron President and Chief Executive Officer, U.S. Bank of Washington, 1993

N.A., Seattle, Washington Robert P. Gray President, National Bank of Alaska, Anchorage, Alaska 1994

Appointed by the Board of Governors Emilie A. Adams President and Chief Executive Officer, Better Business Bureau, 1992

Seattle, Washington George F. Russell, Jr. Chairman, Frank Russell Company, Tacoma, Washington 1993 William R. Wiley Senior Vice President, Technology Management, and Director, 1994

Pacific Northwest Division, Battelle Memorial Institute, Richland, Washington


May 1992

553


Regional decentralization and a combination of governmental and private characteristics are impor-tant hallmarks of the uniqueness of the Federal Reserve System. Under the Federal Reserve Act, decentralization was achieved by division of the country into twelve regions called Federal Reserve Districts, and the establishment in each District of a separately incorporated Federal Reserve Bank with its own board of directors. The blending of govern-mental and private characteristics is provided through ownership of the stock of the Reserve Bank by member banks in its District who also elect the majority of the board of directors, and by the general supervision of the Reserve Banks by the Board of Governors, an agency of the federal government. The Board also appoints a minority of each board of directors. Thus, there are essential elements of regional participation and counsel in the conduct of the System's affairs for which the Federal Reserve relies importantly on the contribu-tions of the directors of the Federal Reserve Banks and Branches.

The following list of directors of Federal Reserve Banks and Branches shows for each direc-tor the class of directorship, the principal business affiliation, and the date the current term expires. Each Federal Reserve Bank has nine members on its board of directors: the member banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in

DISTRICT 1—BOSTON

Class C. Directors are chosen without discrimina-tion as to race, creed, color, sex, or national origin.

Class A directors of each Reserve Bank repre-sent the stockholding member banks of the Federal Reserve District. Class B and Class C directors represent the public and are chosen with due, but not exclusive, consideration to the interests of agri-culture, commerce, industry, services, labor, and consumers; they may not be officers, directors, or employees of any bank. In addition, Class C direc-tors may not be stockholders of any bank. The Board of Governors designates annually one Class C director as chairman of the board of directors of each District Bank, and designates another Class C director as deputy chairman.

Each of the twenty-five Branches of Federal Reserve Banks has a board of either seven or five directors, a majority of whom are appointed by the parent Federal Reserve Bank; the others are ap-pointed by the Board of Governors. One of the Board's appointees is designated annually as chair-man of the board of that Branch in a manner prescribed by the parent Federal Reserve Bank.

The names of the chairman and deputy chairman of the board of directors of each Reserve Bank and of the chairman of each Branch are published monthly in the Federal Reserve Bulletin.1


Term expires December 31

Class A David A. Page President and Chief Executive Officer, Ocean National Bank of 1993

Kennebunk, Kennebunk, Maine Robert M. Silva President, Chief Executive Officer, and Director, The Citizens 1994

National Bank, Putnam, Connecticut Ira Stepanian Chairman and Chief Executive Officer, The Bank of Boston 1995

Corporation, Boston, Massachusetts


May 1993



Class B Stephen R. Levy

Edward H. Ladd

Joan T. Bok

Class C John E. Flynn

Jerome H. Grossman

Warren B. Rudman, Esq.


1993 Chairman of the Board and Chief Executive Officer, Bolt Beranek and Newman, Inc., Cambridge, Massachusetts

Chairman and Chief Executive Officer, Standish, Ayer and Wood, 1994 Inc., Boston, Massachusetts

Chairman of the Board, New England Electric System, Westborough, 1995 Massachusetts

Executive Director, The Quality Connection, East Dennis, 1993 Massachusetts

Chairman of the Board and Chief Executive Officer, New England 1994 Medical Center, Inc., Boston, Massachusetts

Sheehan, Phinney, Bass, and Green, Manchester, New Hampshire 1995


Class A Barbara Harding

Thomas G. Labrecque

Robert G. Wilmers

Class B Rand V. Araskog

Robert E. Allen

William C. Steere, Jr.

Class C Ellen V. Futter Maurice R. Greenberg

Cyrus R. Vance

Chairman of the Board and Chief Executive Officer, Phillipsburg 1993 National Bank and Trust Company, Phillipsburg, New Jersey

Chairman and Chief Executive Officer, The Chase Manhattan Bank, 1994 N.A., New York, New York

Chairman, President, and Chief Executive Officer, Manufacturers and 1995 Traders Trust Company, Buffalo, New York

Chairman, President, and Chief Executive Officer, ITT Corporation, 1993 New York, New York

Chairman and Chief Executive Officer, American Telephone and 1994 Telegraph Company, Basking Ridge, New Jersey

Chairman of the Board and Chief Executive Officer, PFIZER Inc., 1995 New York, New York

President, Barnard College, New York, New York 1993 Chairman and Chief Executive Officer, American International Group, 1994

Inc., New York, New York Presiding Partner, Simpson Thacher & Bartlett, 1995

New York, New York

BUFFALO BRANCH

Appointed by the Federal Reserve Bank Susan A. McLaughlin General Credit Manager, Eastman Kodak Company, 1993

Rochester, New York Charles M. Mitschow Senior Executive Vice President, Regional Banking, Marine Midland 1994

Bank, N.A., Buffalo, New York Richard H. Popp Operating Partner, South view Farm, Castile, New York 1994 George W. Hamlin IV President and Chief Executive Officer, The Canandaigua National 1995

Bank and Trust Company, Canandaigua, New York


May 1993


Term expires

DISTRICT 2—Continued December 31

Buffalo Branch—Continued

Appointed by the Board of Governors Joseph J. Castiglia President and Chief Executive Officer, Pratt & Lambert, Inc., 1993

Buffalo, New York Donald L. Rust Plant Manager, General Motors Powertrain Division, Tonawanda 1994

Engine Plant, Buffalo, New York Herbert L. Washington HLW Fast Track, Inc., Rochester, New York 1995


Class A

Gary F. Simmerman

H. Bernard Lynch

Carl L. Campbell

Class B J. Richard Jones

James A. Hagen

David W. Huggins

Class C Jane G. Pepper

Donald J. Kennedy

James M. Mead

President and Chief Executive Officer, United Jersey Bank/South, 1993 N.A., Cherry Hill, New Jersey


President and Chief Executive Officer, Keystone Financial, Inc., 1995 Harrisburg, Pennsylvania

President and Chief Executive Officer, Jackson-Cross Company, 1993 Philadelphia, Pennsylvania

Chairman, President, and Chief Executive Officer, Consolidated Rail 1994 Corporation, Philadelphia, Pennsylvania

President and Chief Executive Officer, R M S Technologies, Inc., 1995 Marlton, New Jersey

President, The Pennsylvania Horticultural Society, 1993 Philadelphia, Pennsylvania


President, Capital Blue Cross, Harrisburg, Pennsylvania 1995


Class A Alfred C. Leist

William T. McConnell Edward B. Brandon

Class B Verna K. Gibson Douglas E. Olesen

I.N. Rendall Harper, Jr.

Chairman, President and Chief Executive Officer, Apple Creek 1993 Banking Company, Apple Creek, Ohio

President, The Park National Bank, Newark, Ohio 1994 Chairman and Chief Executive Officer, National City Corporation, 1995

Cleveland, Ohio

Business Consultant, Columbus, Ohio 1993 President and Chief Executive Officer, Battelle Memorial Institute, 1994

Columbus, Ohio President and Chief Executive Officer, American Micrographics 1995

Company, Inc., Monroeville, Pennsylvania


May 1993



December 31

Class C John R. Hodges G. Watts Humphrey A. William Reynolds

President, Ohio AFL-CIO, Columbus, Ohio 1993 President, GWH Holdings, Inc., Pittsburgh, Pennsylvania 1994 Chairman and Chief Executive Officer, GenCorp, Fairlawn, Ohio 1995

CINCINNATI BRANCH

Appointed by the Federal Reserve Bank Jack W. Buchanan President, Sphar & Company, Inc., Winchester, Kentucky 1993 John N. Taylor, Jr. Chairman and Chief Executive Officer, Kurz-Kasch, Inc., 1993

Dayton, Ohio Marvin J. Stammen President and Chief Executive Officer, Second National Bank, 1994

Greenville, Ohio Jerry W. Carey President and Chief Executive Officer, Union National Bank and Trust 1995

Company, Barbourville, Kentucky Appointed by the Board of Governors Marvin Rosenberg Partner, Towne Properties, Ltd., Cincinnati, Ohio 1993 Raymond A. Bradbury Chairman, Martin County Coal Corporation, Inez, Kentucky 1994 Eleanor Hicks Hicks & Kinley, International Access Marketing, Cincinnati, Ohio 1995

PITTSBURGH BRANCH

Appointed by the Federal Reserve Bank George A. Davidson, Jr. Chairman and Chief Executive Officer, Consolidated Natural Gas 1993

Company, Pittsburgh, Pennsylvania Randall L.C. Russell President and Chief Executive Officer, Ranbar Technology, Inc., 1993

Glenshaw, Pennsylvania David S. Dahlmann President and Chief Executive Officer, Southwest National 1994

Corporation, Greensburg, Pennsylvania Frank V. Cahouet Chairman, President, and Chief Executive Officer, Mellon Bank, N.A., 1995

Pittsburgh, Pennsylvania Appointed by the Board of Governors Sandra L. Phillips Executive Director, Pittsburgh Partnership for Neighborhood 1993

Development, Pittsburgh, Pennsylvania Jack B. Piatt Chairman of the Board and President, Millcraft Industries, Inc., 1994

Washington, Pennsylvania Robert P. Bozzone President and Chief Executive Officer, Allegheny Ludlum 1995

Corporation, Pittsburgh, Pennsylvania


Class A James G. Lindley Chairman, President, and Chief Executive Officer, South Carolina 1993

National Bank, Columbia, South Carolina Webb C. Hayes IV President, The Palmer National Bank, Washington, D.C. 1994 Charles E. Weller President, Elkridge National Bank and ENB Financial Corporation, 1995

Elkridge, Maryland


May 1993


Term expires


Class B

Paul A. DelaCourt

L. Newton Thomas, Jr.

R.E. Atkinson, Jr.

Chairman, The North Carolina Enterprise Corporation, 1993 Raleigh, North Carolina

Retired Senior Vice President, ITT/Carbon Industries, Inc., 1994 Charleston, West Virginia

Chairman, Dilmar Oil Company, Inc., Florence, South Carolina 1995

Class C Stephen Brobeck

Anne Marie Whittemore Henry J. Faison

Executive Director, Consumer Federation of America, 1993 Washington, D.C.

Partner, McGuire, Woods, Battle & Boothe, Richmond, Virginia 1994 President, Faison Associates, Charlotte, North Carolina 1995

BALTIMORE BRANCH

Appointed by the Federal Reserve Bank Vacancy 1993 Thomas J. Hughes President, Navy Federal Credit Union, Vienna, Virginia 1994 F. Levi Ruark Chairman of the Board and President, The National Bank of 1994

Cambridge, Cambridge, Maryland Richard M. Adams Chairman and Chief Executive Officer, United Bankshares, Inc., 1995

Parkersburg, West Virginia

Appointed by the Board of Governors Michael R. Watson President, Association of Maryland Pilots, Annapolis, Maryland 1993 Rebecca Hahn Windsor Chairman and Chief Executive Officer, Hahn Transportation, Inc., 1994

New Market, Maryland Vacancy 1995

CHARLOTTE BRANCH

Appointed by the Federal Reserve Bank Jim M. Cherry, Jr. President and Chief Executive Officer, Williamsburg First National

Bank, Kingstree, South Carolina 1993

Dorothy H. Aranda President, Dohara Associates, Inc., Hilton Head Island, 1994 Dorothy H. Aranda South Carolina

L. Glenn Orr, Jr. Chairman, President, and Chief Executive Officer, Southern National Corporation, Lumberton, North Carolina

1994

David B. Jordan Vice Chairman, Chief Executive Officer, and Director, Security Capital Bancorp, Salisbury, North Carolina

1995

Appointed by the Board of Governors William E. Masters President, Perception, Inc., Easley, South Carolina 1993 Harold D. Kingsmore President and Chief Operating Officer, Graniteville Company, 1994

Graniteville, South Carolina Anne M. Allen President, Anne Allen & Associates, Inc., 1995

Greensboro, North Carolina


May 1993


DISTRICT 6—ATLANTA Term expires

December 31

Class A James B. Williams

Simpson Russell

W.H. Swain

Class B Andre M. Rubenstein

Victoria B. Jackson J. Thomas Holton

Class C Edwin A. Huston

Hugh M. Brown

Leo Benatar

Chairman and Chief Executive Officer, SunTrust Banks, Inc., 1993 Atlanta, Georgia

Chairman and Chief Executive Officer, The First National Bank of 1994 Florence, Florence, Alabama

Chairman of the Board, First National Bank, Oneida, Tennessee 1995

Chairman of the Board and Chief Executive Officer, Rubenstein 1993 Brothers, Inc., New Orleans, Louisiana

President, DSS/ProDiesel, Nashville, Tennessee 1994 Chairman and President, Sherman International Corporation, 1995

Birmingham, Alabama

Senior Executive Vice President-Finance, Ryder System, Inc., 1993 Miami, Florida

President and Chief Executive Officer, BAMSI, Inc., 1994 Titusville, Florida

Chairman of the Board and President, Engraph, Inc., 1995 Atlanta, Georgia

BIRMINGHAM BRANCH

Appointed by the Federal Reserve Bank Julian W. Banton Chairman, President, and Chief Executive Officer, SouthTrust Bank of 1993

Alabama, N.A., Birmingham, Alabama Marlin D. Moore, Jr. Chairman, Pritchett-Moore, Inc., Tuscaloosa, Alabama 1994 Columbus Sanders President, Consolidated Industries, Inc., Huntsville, Alabama 1994 J. Stephen Nelson President and Chief Executive Officer, First National Bank, 1995

Brewton, Alabama Appointed by the Board of Governors Donald E. Boomershine

Shelton E. Allred

Patricia B. Compton

President, Better Business Bureau of Central Alabama, Inc., Birmingham, Alabama

Chairman of the Board, President, and Chief Executive Officer, Frit Incorporated, Ozark, Alabama

President, Patco, Inc., Georgiana, Alabama

1993

1994

1995

JACKSONVILLE BRANCH

Appointed by the Federal Reserve Bank Hugh H. Jones, Jr. Chairman of the Board, Barnett Bank of Jacksonville, N.A., 1993

Jacksonville, Florida Perry M. Dawson President and Chief Executive Officer, Suncoast Schools Federal 1994

Credit Union, Tampa, Florida Arnold A. Heggestad William H. Dial Professor and Director, College of Business 1994

Administration, University of Florida, Gainesville, Florida Merle L. Graser Chairman and Chief Executive Officer, First National Bank of Venice, 1995

Venice, Florida


May 1993


Term expires DISTRICT 6—Continued December 31

Jacksonville Branch—Continued

Appointed by the Board of Governors Joan Dial Ruffier General Partner, Sunshine Cafes, Orlando, Florida 1993 Samuel H. Vickers Chairman, President, and Chief Executive Officer, Design Containers, 1994

Inc., Jacksonville, Florida Lana Jane Lewis-Brent President, Paul Brent Designer, Inc., Panama City, Florida 1995

MIAMI BRANCH

Appointed by the Federal Reserve Bank Steven C. Shimp President, O-A-K/Florida, Inc., Fort Myers, Florida Pat L. Tornillo, Jr. Executive Vice President, United Teachers of Dade,

Miami, Florida Roberto G. Blanco Vice Chairman and Chief Financial Officer, Republic National

Bank of Miami, Miami, Florida E. Anthony Newton President, Island National Bank of Palm Beach,

Palm Beach, Florida

1993

1993

1994

1995

Appointed by the Board of Governors Michael T. Wilson Dorothy C. Weaver

R. Kirk Landon

President, Vinegar Bend Farms, Inc., Belle Glade, Florida Executive Vice President, Intercap Investments, Inc.,

Coral Gables, Florida Chairman and Chief Executive Officer, American Bankers

Insurance Group, Miami, Florida

1993 1994

1995

NASHVILLE BRANCH

Appointed by the Federal Reserve Bank Williams E. Arant, Jr. President and Chief Executive Officer, First National Bank of 1993

Knoxville, Knoxville, Tennessee William Baxter Lee III Chairman and President, Southeast Services Corporation, 1994

Knoxville, Tennessee Marguerite W. Sallee President and Chief Executive Officer, Corporate Child Care 1994

Management Services, Nashville, Tennessee James D. Harris President and Chief Executive Officer, Brentwood National Bank, 1995

Brentwood, Tennessee

Appointed by the Board of Governors William C. Wallace Vice President-Central Division, American Airlines, 1993

Nashville, Tennessee James R. Tuerff President and Chief Executive Officer, American General Life and 1994

Accident Insurance Company, Nashville, Tennessee Harold A. Black James F. Smith, Jr., Professor of Financial Institutions, 1995

College of Business Administration, University of Tennessee, Knoxville, Tennessee


May 1993



December 31

NEW ORLEANS BRANCH

Appointed by the Federal Reserve Bank Howard C. Gaines

Angus R. Cooper II

Kay L. Nelson

Thomas E. Walker

Chairman and Chief Executive Officer, First National Bank of 1993 Commerce, New Orleans, Louisiana

Chairman and Chief Executive Officer, Cooper/T. Smith Corporation, 1994 Mobile, Alabama

Managing Director, Nelson Capital Corporation, 1994 New Orleans, Louisiana

President and Chief Executive Officer, Bank of Forest, 1995 Forest, Mississippi

Appointed by the Board of Governors Victor Bussie Jo Ann Slaydon


President, Louisiana AFL-CIO, Baton Rouge, Louisiana President, Slaydon Consultants and Insight Productions and

Advertising, Baton Rouge, Louisiana President, Mississippi Coast Coliseum Commission,

Pass Christian, Mississippi

1993 1994

1995


Class A David W. Fox

Stefan S. Anderson

Arnold C. Schultz

Chairman, President, and Chief Executive Officer, The Northern Trust 1993 Corporation and The Northern Trust Company, Chicago, Illinois

Chairman, President, and Chief Executive Officer, 1994 First Merchants Bank, N.A., and First Merchants Corporation, Muncie, Indiana

Chairman, President, and Chief Executive Officer, Grundy National 1995 Bank, Grundy Center, Iowa

Class B

A. Charlene Sullivan

Thomas C. Dorr

Donald J. Schneider

Associate Professor of Management, Krannert Graduate School of 1993 Management, Purdue University, West Lafayette, Indiana

President and Chief Executive Officer, Dorr's Pine Grove Farm Co., 1994 Marcus, Iowa

President, Schneider National, Inc., Green Bay, Wisconsin 1995

Class C Robert M. Healey

Duane L. Burnham

Richard G. Cline

President, Chicago Federation of Labor and Industrial Union Council, 1993 AFL-CIO, Chicago, Illinois


Chairman, President, and Chief Executive Officer, NICOR, Inc., 1995 Naperville, Illinois


May 1993


Term expires


DETROIT BRANCH Appointed by the Federal Reserve Bank Charles E. Allen President and Chief Executive Officer, Graimark Realty Advisors, 1993

Inc., Detroit, Michigan William E. Odom Chairman, Ford Motor Credit Company, Dearborn, Michigan 1993 Daniel R. Smith Chairman and Chief Executive Officer, First of America Bank 1994

Corporation, Kalamazoo, Michigan Norman F. Rodgers President and Chief Executive Officer, Hillsdale County National 1995

Bank, Hillsdale, Michigan Appointed by the Board of Governors Beverly A. Beltaire President, P R Associates, Inc., Detroit, Michigan 1993 John D. Forsyth Executive Director, University of Michigan Hospitals, 1994

Ann Arbor, Michigan J. Michael Moore Chairman and Chief Executive Officer, Invetech Company, 1995

Detroit, Michigan


Class A Ray U. Tanner

Henry G. River, Jr.

Douglas M. Lester

Class B Warren R. Lee

Sandra B. Sanderson-Chesnut

Richard E. Bell

Class C Janet McAfee Weakley Robert H. Quenon John F. McDonnell

Chairman, Director, and Chief Executive Officer, Volunteer Bank, 1993 Jackson, Tennessee

President and Chief Executive Officer, First National Bank in 1994 Pinckneyville, Pinckneyville, Illinois

Chairman and President, Trans Financial Bancorp, Inc., 1995 Bowling Green, Kentucky

President, W. R. Lee & Associates, Inc., Louisville, Kentucky 1993 President and Chief Executive Officer, Sanderson Plumbing Products, 1994

Inc., Columbus, Mississippi President and Chief Executive Officer, Riceland Foods, Inc., 1995

Stuttgart, Arkansas

President, Janet McAfee, Inc., St. Louis, Missouri 1993 Mining Consultant, St. Louis, Missouri 1994 Chairman and Chief Executive Officer, McDonnell Douglas 1995

Corporation, St. Louis, Missouri

LITTLE ROCK BRANCH

Appointed by the Federal Reserve Bank James V. Kelley Chairman, President, and Chief Executive Officer, First United 1993

Bancshares, Inc., El Dorado, Arkansas Mahlon A. Martin President, Winthrop Rockefeller Foundation, Little Rock, Arkansas 1993 Barnett Grace Chairman and Chief Executive Officer, First Commercial Bank, N.A., 1994

Little Rock, Arkansas Mark A. Shelton III President, M.A. Shelton Farming Company, Altheimer, Arkansas 1995


May 1993



Little Rock Branch—Continued

Appointed by the Board of Governors L. Dickson Rake President, Barnes, Quinn, Flake & Anderson, Inc., 1993

Little Rock, Arkansas Robert Daniel Natholz, Jr. Chief Executive Officer, Nabholz Construction Corporation, 1994

Conway, Arkansas Betta Carney President and Chief Executive Officer, World Wide Travel 1995

Service, Inc., Little Rock, Arkansas

LOUISVILLE BRANCH

Appointed by the Federal Reserve Bank Robert M. Hall Charles D. Storms

Thomas E. Sprage is, Jr.

Malcolm B. Chancey, Jr.

Owner, Mike Hall Farm, Seymour, Indiana President and Chief Executive Officer, Red Spot Paint and Varnish

Company, Inc., Evansville, Indiana President, The Farmers National Bank of Lebanon,

Lebanon, Kentucky Chairman and Chief Executive Officer, Liberty National Bank,

Louisville, Kentucky

Appointed by the Board of Governors John A. Williams

Laura M. Douglas

Daniel L. Ash

Chairman and Chief Executive Officer, Computer Services, Inc. Paducah, Kentucky

Legal Director, Metropolitan Sewer District, Louisville, Kentucky

Consultant, Louisville Energy and Environment Corporation, Louisville, Kentucky

1993

1993

1994

1995

1993

1994

1995

MEMPHIS BRANCH

Appointed by the Federal Reserve Bank Thomas M. Garrott

Larry A. Watson

Lewis F. Mallory, Jr.

Anthony M. Ramp ley

President and Chief Operating Officer, National Bank 1993 of Commerce and National Commerce Bancorporation, Memphis, Tennessee

Chairman of the Board and President, Liberty Federal 1993 Savings Bank, Paris, Tennessee

President and Chief Executive Officer, National Bank 1994 of Commerce of Mississippi, Starkville, Mississippi

President, Chief Executive Officer, and Director, Arkansas Glass 1995 Container Corporation, Jonesboro, Arkansas

Appointed by the Board of Governors Seymour B. Johnson Owner, Kay Planting Company, Indianola, Mississippi Sidney Wilson Owner, Wilson Automotive Group Inc., Jackson, Tennessee M. Rita Schroeder President, St. Francis Hospital, Memphis, Tennessee

1993 1994 1995


May 1993


DISTRICT 9—MINNEAPOLIS Term expires

December 31

Class A

Charles L. Seaman

William W. Strausburg

Susanne V. Boxer

Class B Earl R. St. John, Jr. Duane E. Dingmann Dennis W. Johnson

Class C

Delbert W. Johnson

Jean D. Kinsey



Chairman and Chief Executive Officer, First Bank Montana, N.A., 1994 and General Manager, First Bank-Regional Banking Group, Billings, Montana

President and Chief Executive Officer, Houghton National Bank, 1995 Houghton, Michigan

President, St. John Forest Products, Inc., Spalding, Michigan 1993 President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1994 President, TMI Systems Design Corporation/TMI Transport 1995

Corporation, Dickinson, North Dakota

President and Chief Executive Officer, Pioneer Metal Finishing, 1993 Minneapolis, Minnesota

Professor, Consumption and Consumer Economics, Department of 1994 Agricultural and Applied Economics, University of Minnesota, St. Paul, Minnesota

Chairman of the Board and Chief Executive Officer, Opus 1995 Corporation, Minneapolis, Minnesota

HELENA BRANCH

Appointed by the Federal Reserve Bank Beverly D. Harris President, Empire Federal Savings and Loan Association, 1993

Livingston, Montana Donald E. Olsson, Jr. Executive Vice President, Ronan State Bank, Ronan, Montana 1994 Nancy M. Stephenson Executive Director, Neighborhood Housing Services, 1994

Great Falls, Montana

Appointed by the Board of Governors James E. Jenks Jenks Farms, Hogeland, Montana 1993 Lane W. Basso President, Deaconess Medical Center of Billings, Inc., 1994

Billings, Montana


Class A Roger L. Reisher Co-Chairman of the Board, FirstBank Holding Company of Colorado, 1993

Lakewood, Colorado Charles I. Moyer Chairman and Chief Executive Officer, The First National Bank of 1994

Phillipsburg, Phillipsburg, Kansas William L. McQuillan President and Chief Executive Officer, City National Bank, 1995

Greeley, Nebraska


May 1993



December 31

Class B Don E. Adams Frank J. Yaklich, Jr.

WW. Allen

Class C

Thomas E. Rodriguez

Burton A. Dole, Jr.

Herman Cain

Buffalo, Oklahoma 1993 President and Chief Executive Officer, CF & I Steel Corporation, 1994

Pueblo, Colorado President and Chief Operating Officer, Phillips Petroleum Company, 1995

Bartlesville, Oklahoma

President and General Manager, Thomas E. Rodriguez & Associates, 1993 P.C., Aurora, Colorado


President and Chief Executive Officer, Godfather's Pizza, Inc., 1995 Omaha, Nebraska

DENVER BRANCH

Appointed by th ? Federal Reserve Bank Peter R. Decker President, Decker & Associates, Denver, Colorado 1993 Clifford E. Kirk President, First National Bank of Gillette, Gillette, Wyoming 1994 Richard I. Ledbet er President and Chief Executive Officer, First National Bank of 1994

Farmington, Farmington, New Mexico Peter I. Wold Partner, Wold Oil and Gas Company, Casper, Wyoming 1995

Appointed by th e Board of Governors Gilbert Sanchez President, New Mexico Highlands University, 1993

Las Vegas, New Mexico Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado 1994 Sandra K. Woods Vice President, Adolph Coors Company, Corporate Real Estate, 1995

Golden, Colorado

OKLAHOMA CITY BRANCH

Appointed by th e Federal Reserve Bank Gordona Duca President and Owner, Gordona Duca, Inc., Realtors, 1993

Tulsa, Oklahoma C. Kendric Fergeson Chairman of the Board and Chief Executive Officer, The National 1993

Bank of Commerce, Altus, Oklahoma John Wm. Laisle President and Chief Executive Officer, MidFirst Bank, SSB, 1994

Oklahoma City, Oklahoma

Dennis M. Mitchell President, Citizens Bank of Ardmore, Ardmore, Oklahoma 1995

Appointed by the Board of Governors Ernest L. Holloway President, Langston University, Langston, Oklahoma 1993 Victor R. Schock President and Chief Executive Officer, Credit Counseling Services of 1994

Oklahoma, Inc., Tulsa, Oklahoma Barry L. Eller Sr. Vice President and General Manager, MerCruiser, Mercury Marine 1995

Business Unit, Division of Brunswick Corp., Stillwater, Oklahoma


May 1993


Term expires

DISTRICT 10— Continued December 31

OMAHA BRANCH Appointed by the Federal Reserve Bank Bruce R. Lauritzen President, First National Bank of Omaha, Omaha, Nebraska 1993 Donald A. Leu President and Chief Executive Officer, Consumer Credit Counseling 1993

Service, Omaha, Nebraska Thomas H. Olson President and Chief Executive Officer, Lisco State Bank, 1993

Lisco, Nebraska Robert L. Peterson Chairman, President, and Chief Executive Officer, IBP, Inc., 1995

Dakota City, Nebraska Appointed by the Board of Governors LeRoy W. Thom President, T-L Irrigation Company, Hastings, Nebraska 1993 Arthur L. Shoener Executive Vice President-Operations, Union Pacific Railroad, 1994

Omaha, Nebraska Sheila Griffin Special Advisor to the Governor of the State of Nebraska for 1995

International Trade, Lincoln, Nebraska


Class A T.C. Frost Eugene M. Phillips

Jeff Austin, Jr.

Class B J.B. Cooper, Jr. Peyton Yates

Milton Carroll

Class C James A. Martin

Cece Smith

Leo E. Linbeck, Jr.

Chairman of the Board, Frost National Bank, San Antonio, Texas 1993 Chairman of the Board and President, The First National Bank of 1994

Panhandle, Panhandle, Texas Chairman of the Board, Texas National Bank, Longview, Texas 1995

Farmer, Roscoe, Texas 1993 President, Yates Drilling Company and Executive Vice President, 1994

Yates Petroleum Corporation, Artesia, New Mexico Chairman of the Board and Chief Executive Officer, Instrument 1995

Products, Inc., Houston, Texas

Third General Vice President, International Association of Bridge, 1993 Structural and Ornamental Iron Workers, Austin, Texas

General Partner, Phillips-Smith Specialty Retail Group, 1994 Dallas, Texas

Chairman of the Board and Chief Executive Officer, Linbeck 1995 Construction Corporation, Houston, Texas

EL PASO BRANCH

Appointed by the Federal Reserve Bank Veronica K. Callaghan Vice President and Principal, KASCO Ventures, Inc., El Paso, Texas 1993 Ben H. Haines, Jr. President and Chief Operating Officer, First National Bank of Dona 1993

Ana County, Las Cruces, New Mexico Hugo Bustamante, Jr. Owner and Chief Executive Officer, ProntoLube, El Paso, Texas 1994 Wayne Merritt Chairman of the Board and President, Texas National Bank of 1995

Midland, Midland, Texas


May 1993



El Paso Branch—Continued

Appointed by the Board of Governors Diana S. Natalicio President, The University of Texas at El Paso, El Paso, Texas 1993 Alvin T. Johnson President, Management Assistance Corporation of America, 1994

El Paso, Texas W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1995

HOUSTON BRANCH

Appointed by the Federal Reserve Bank Walter E. Johnson President and Chief Executive Officer, Southwest Bank of Texas, 1993

Houston, Texas Clive Runnells President and Director, Runnells Cattle Company, Bay City, Texas 1993 Tieman H. Dippel, Jr. Chairman of the Board and President, Brenham Bancshares, Inc., 1994

Brenham, Texas J. Michael Solar Principal Attorney, Solar & Ellis L.L.P., Houston, Texas 1995 Appointed by the Board of Governors Robert C. McNair Chairman and Chief Executive Officer, Cogen Technologies, Inc., 1993

Houston, Texas Isaac H. Kempner III Chairman of the Board, Imperial Holly Corporation, 1994

Sugar Land, Texas Judy Ley Allen Partner and Administrator, Allen Investments, Houston, Texas 1995

SAN ANTONIO BRANCH

Appointed by the Federal Reserve Bank Javier Garza Executive Vice President, The Laredo National Bank, Laredo, Texas 1993 Sam R. Sparks President, Sam R. Sparks, Inc., Progreso, Texas 1993 T. Jack Moore III Owner and Manager, T.J. Moore Lumber Inc., Ingram, Texas 1994 Gregory W. Crane President and Chief Executive Officer, Broadway National Bank, 1995

San Antonio, Texas Appointed by the Board of Governors Erich Wendl President and Chief Executive Officer, Maverick Markets, Inc., 1993

Corpus Christi, Texas Roger R. Hemminghaus Chairman, President, and Chief Executive Officer, Diamond 1994

Shamrock, Inc., San Antonio, Texas Carol L. Thompson Vice President, Computerland, Austin, Texas 1995


Class A Richard L. Mount Chairman, President, and Chief Executive Officer, Saratoga Bancorp, 1993

Saratoga, California William E.B. Siart President, First Interstate Bancorp, Los Angeles, California 1994 Carl J. Schmitt Chairman of the Board and Chief Executive Officer, University 1995

National Bank & Trust Company, Palo Alto, California


May 1993



December 31

Class B John N. Nordstrom William L. Tooley

E. Kay Stepp

Class C James A. Vohs

Judith M. Runstad

Cynthia A. Parker

Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington 1993 Chairman, Tooley & Company, Investment Builders, 1994

Los Angeles, California Former President and Chief Operating Officer, Portland General 1995

Electric Company, Portland, Oregon

Chairman and Chief Executive Officer (Retired), Kaiser Foundation 1993 Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California

Partner and Managing Director, Foster Pepper and Shefelman, 1994 Seattle, Washington

Executive Director, Anchorage Neighborhood Housing Services, Inc., 1995 Anchorage, Alaska

LOS ANGELES BRANCH

Appointed by the Federal Reserve Bank Anita Landecker

Antonia Hernandez

William S. Randall

Steven R. Sensenbach

Regional Vice President, Local Initiatives Support Corporation, 1993 Los Angeles, California

President and General Counsel, Mexican American Legal Defense and 1994 Educational Fund, Los Angeles, California

Chief Executive Officer, Southwest Region, First Interstate Bank, 1994 Phoenix, Arizona

President and Chief Executive Officer, Vineyard National Bank, 1995 Rancho Cucamonga, California

Appointed by the Board of Governors Donald G. Phelps Chancellor, Los Angeles Community College District, 1993

Los Angeles, California David L. Moore President, Western Growers Association, Newport Beach, California 1994 Anne L. Evans Chairman, Evans Hotels, San Diego, California 1995

PORTLAND BRANCH

Appointed by the Federal Reserve Bank Cecil W. Drinkward President, Hoffman Construction Company, Portland, Oregon 1993 Stephen G. Kimball Chairman, President, and Chief Executive Officer, Baker Boyer 1993

Bancorp, Walla Walla, Washington Stuart H. Compton Chairman, Pioneer Trust Bank, N.A., Salem, Oregon 1994 Elizabeth K. Johnson President, TransWestern Helicopters, Inc., Scappoose, Oregon 1995

Appointed by the Board of Governors Ross R. Runkel Professor of Law, Willamette University, Salem, Oregon 1993 William A. Hilliard Editor, The Oregonian, Portland, Oregon 1994 Carol A. Whipple Owner/Manager, Rocking C Ranch, Elkton, Oregon 1995


May 1993



SALT LAKE CITY BRANCH

Appointed by the Federal Reserve Bank Curtis H. Eaton Vice President; Manager, Community Banking Area; and Member 1993

of the Board of Directors, First Security Bank of Idaho, N.A., Twin Falls, Idaho

Virginia P. Kelson Partner, Ralston Consulting Group, Salt Lake City, Utah 1993 Gerald R. Sherratt President, Southern Utah University, Cedar City, Utah 1994 Roy C. Nelson President, Bank of Utah, Ogden, Utah 1995 Appointed by the Board of Governors Constance G. Hogland Executive Director, Boise Neighborhood Housing Services, Inc., 1993

Boise, Idaho H. Roger Boyer Chairman of the Board, The Boyer Company, Salt Lake City, Utah 1994 Gary G. Michael Chairman and Chief Executive Officer, Albertson's, Inc., 1995

Boise, Idaho

SEATTLE BRANCH

Appointed by the Federal Reserve Bank B.R. Beeksma Chairman of the Board, InterWest Savings Bank, 1993

Oak Harbor, Washington Gerry B. Cameron Vice Chairman, U.S. Bancorp, Seattle, Washington 1993 Thomas E. Cleveland Chairman of the Board and Chief Executive Officer, Enterprise Bank 1994

of Bellevue, N.A., Bellevue, Washington Constance L. Proctor Partner, Alston, Courtnage, MacAulay & Proctor, 1995

Seattle, Washington Appointed by the Board of Governors George F. Russell, Jr. Chairman, Frank Russell Company, Tacoma, Washington 1993 William R. Wiley Senior Vice President, Battelle Memorial Institute; Director, 1994

Battelle/Pacific Northwest Division; and Director, U.S. Department of Energy, Pacific Northwest Laboratory, Richland, Washington

Emilie A. Adams President and Chief Executive Officer, Better Business Bureau, 1995 Seattle, Washington


May 1993

467


Regional decentralization and a combination of govern-mental and private characteristics are important hall-marks of the uniqueness of the Federal Reserve System. Under the Federal Reserve Act, decentralization was achieved by the division of the country into twelve regions called Federal Reserve Districts and the estab-lishment in each District of a separately incorporated Federal Reserve Bank with its own board of directors. The blending of governmental and private characteris-tics is provided through ownership of the stock of the Reserve Bank by member banks in its District, who also elect the majority of the board of directors, and by the general supervision of the Reserve Banks by the Board of Governors, an agency of the federal government. The Board also appoints a minority of each board of direc-tors. Thus, there are essential elements of regional partic-ipation and counsel in the conduct of the System's affairs for which the Federal Reserve relies importantly on the contributions of the directors of the Federal Reserve Banks and Branches.

The following list of directors of Federal Reserve Banks and Branches shows for each director the class of directorship, the principal business affiliation, and the date the current term expires. Each Federal Reserve Bank has nine members on its board of directors: three Class A and three Class B directors, who are elected by the stockholding member banks, and three Class C direc-tors, who are appointed by the Board of Governors of the Federal Reserve System. Directors are chosen

without discrimination as to race, creed, color, sex, or national origin.

Class A directors represent the stockholding member banks of the Federal Reserve District. Class B and Class C directors represent the public and are chosen with due, but not exclusive, consideration given to the interests of agriculture, commerce, industry, services, labor, and consumers; they may not be officers, directors, or employees of any bank or bank holding company. Also, Class C directors may not be stockholders of any bank or bank holding company. The Board of Governors designates annually one Class C director as chairman of the board of directors of each District Bank and another Class C director as deputy chairman.

Each of the twenty-five Branches of the Federal Reserve Banks has a board of either seven or five direc-tors, a majority of whom are appointed by the parent Federal Reserve Bank; the others are appointed by the Board of Governors. One of the Board's appointees is designated annually as chairman of the board of that Branch in a manner prescribed by the parent Federal Reserve Bank.

The names of the chairman and deputy chairman of the board of directors of each Reserve Bank and of the chairman of each Branch are published monthly in the Federal Reserve Bulletin.1


Term expires

DISTRICT 1—BOSTON December 31

Class A Robert M. Silva President, Chief Executive Officer, and Director, The Citizens 1994

National Bank, Putnam, Connecticut Ira Stepanian Chairman and Chief Executive Officer, The Bank of Boston 1995

Corporation, Boston, Massachusetts David A. Page President and Chief Executive Officer, Ocean National Bank of 1996

Kennebunk, Kennebunk, Maine


May 1994



December 31

Class B Edward H. Ladd

Joan T. Bok

Stephen L. Brown

Class C Jerome H. Grossman

Warren B. Rudman, Esq. John E. Flynn

Chairman and Chief Executive Officer, Standish, Ayer and Wood, 1994 Inc., Boston, Massachusetts

Chairman, New England Electric System, Westborough, 1995 Massachusetts

Chairman and Chief Executive Officer, John Hancock Mutual Life 1996 Insurance Company, Boston, Massachusetts

Chairman and Chief Executive Officer, New England Medical Center, 1994 Inc., Boston, Massachusetts

Sheehan, Phinney, Bass, and Green, Manchester, New Hampshire 1995 Executive Director, The Quality Connection, East Dennis, 1996

Massachusetts


Class A

Thomas G. Labrecque

Robert G. Wilmers

J. William Johnson

Class B Robert E. Allen

William C. Steere, Jr.

Sandra Feldman

Class C Maurice R. Greenberg

Herbert L. Washington David A. Hamburg

BUFFALO BRANCH

Chairman and Chief Executive Officer, The Chase Manhattan Bank, N.A., New York, New York

Chairman, President, and Chief Executive Officer, Manufacturers and Traders Trust Company, Buffalo, New York

Chairman and Chief Executive Officer, The First National Bank of Long Island, Glen Head, New York

Chairman and Chief Executive Officer, AT&T, Basking Ridge, New Jersey

Chairman and Chief Executive Officer, Pfizer Inc., New York, New York

President, United Federation of Teachers, New York, New York

Chairman and Chief Executive Officer, American International Group, Inc., New York, New York

Owner, HLW Fast Track, Inc., Rochester, New York President, Carnegie Corporation, New York, New York

1994

1995

1996

1994

1995

1996

1994

1995 1996

Appointed by the Federal Reserve Bank Charles M. Mitschow Chairman, Western Region, Marine Midland Bank, Buffalo,

New York Richard H. Popp Operating Partner, Southview Farm, Castile, New York George W. Hamlin IV President and Chief Executive Officer, The Canandaigua National

Bank and Trust Company, Canandaigua, New York Louise C. Woerner Chairman and Chief Executive Officer, HCR Home Health Agency,

Rochester, New York

1994

1994 1995

1996


May 1994



Buffalo Branch—Continued


Appointed by the Board of Governors Donald L. Rust Plant Manager, Tonawanda Engine Plant, General Motors Powertrain 1994

Division, General Motors Corporation, Buffalo, New York F. C. Richardson President, Buffalo State College, Buffalo, New York 1995 Joseph J. Castiglia President and Chief Executive Officer, Pratt & Lambert, Inc., 1996

Buffalo, New York


Class A H. Bernard Lynch

Carl L. Campbell

Terry K. Dunkle

Class B James A. Hagen

David W. Huggins

J. Richard Jones

Class C

Donald J. Kennedy

James M. Mead

Joan Carter


Class A

William T. McConnell

Edward B. Brandon

Alfred C. Leist

Class B

Douglas E. Olesen

I. N. Rendall Harper, Jr.

Thomas M. Nies


President and Chief Executive Officer, Keystone Financial, Inc., 1995 Harrisburg, Pennsylvania

Chairman, United States National Bank, Johnstown, Pennsylvania 1996

Chairman, President, and Chief Executive Officer, Consolidated Rail 1994 Corporation (CONRAIL), Philadelphia, Pennsylvania

President and Chief Executive Officer, R M S Technologies, Inc., 1995 Marlton, New Jersey

President and Chief Executive Officer, Jackson-Cross Company, 1996 Philadelphia, Pennsylvania


President and Chief Executive Officer, Capital Blue Cross, 1995 Harrisburg, Pennsylvania

President and Chief Operating Officer, United Medical Corporation, 1996 Haddonfield, New Jersey

Chairman and Chief Executive Officer, The Park National Bank, 1994 Newark, Ohio

Chairman and Chief Executive Officer, National City Corporation, 1995 Cleveland, Ohio

Chairman, President, and Chief Executive Officer, Apple Creek 1996 Banking Company, Apple Creek, Ohio

President and Chief Executive Officer, Battelle Memorial Institute, 1994 Columbus, Ohio

President and Chief Executive Officer, American Micrographics 1995 Company, Inc., Monroeville, Pennsylvania

President, Cincom Systems, Inc., Cincinnati, Ohio 1996


May 1994


Term expires


Class C G. Watts Humphrey, Jr. A. William Reynolds Robert Y. Farrington

President, GWH Holdings, Inc., Pittsburgh, Pennsylvania 1994 Chairman and Chief Executive Officer, GenCorp, Fairlawn, Ohio 1995 Executive Secretary-Treasurer, Ohio State Building and Construction 1996

Trades Council, Columbus, Ohio

CINCINNATI BRANCH

Appointed by the Federal Reserve Bank Marvin J. Stammen President and Chief Executive Officer, Second National Bank, 1994

Greenville, Ohio Jerry W. Carey President and Chief Executive Officer, Union National Bank and Trust 1995

Company, Barbourville, Kentucky Phillip R. Cox President, Cox Financial Corporation, Cincinnati, Ohio 1996 C. Wayne Shumate Chairman and Chief Executive Officer, Kentucky Textiles, Inc., 1996

Paris, Kentucky

Appointed by the Board of Governors Raymond A. Bradbury

Eleanor Hicks John N. Taylor, Jr.

Chairman (Retired), Martin County Coal Corporation, Prestonburg, Kentucky

President, M.I.N.D.S. International, Cincinnati, Ohio Chairman and Chief Executive Officer, Kurz-Kasch, Inc.

Dayton, Ohio

1994

1995 1996

PITTSBURGH BRANCH

Appointed by the Federal Reserve Bank David S. Dahlmann

Helen J. Clark

Randall L. C. Russell

Wesley W. von Schack

President and Chief Executive Officer, Southwest National 1994 Corporation, Greensburg, Pennsylvania

Chairman, President, and Chief Executive Officer, Apollo Trust 1995 Company, Apollo, Pennsylvania

President and Chief Executive Officer, Ranbar Technology, Inc., 1996 Glenshaw, Pennsylvania

Chairman, President, and Chief Executive Officer, DQE, 1996 Pittsburgh, Pennsylvania

Appointed by the Board of Governors Jack B. Piatt Chairman and President, Millcraft Industries, Inc., 1994

Washington, Pennsylvania Robert P. Bozzone President and Chief Executive Officer, Allegheny Ludlum 1995

Corporation, Pittsburgh, Pennsylvania Sandra L. Phillips Executive Director, Pittsburgh Partnership for Neighborhood 1996

Development, Pittsburgh, Pennsylvania


May 1994



Class A

Webb C. Hayes IV

Charles E. Weller

Robert M. Freeman

Class B L. Newton Thomas, Jr.

R. E. Atkinson, Jr. Paul A. DelaCourt

Class C Claudine B. Malone

Henry J. Faison Stephen Brobeck


Chairman, The Palmer National Bancorp, Inc. and President. Palmer 1994 National Bank, Washington, D.C.

President, Elkridge National Bank and ENB Financial Corporation, 1995 Elkridge, Maryland

Chairman and Chief Executive Officer, Signet Banking Corporation, 1996 Richmond, Virginia

Senior Vice President (Retired), ITT/Carbon Industries, Inc., 1994 Charleston, West Virginia

Chairman, Dilmar Oil Company, Inc., Florence, South Carolina 1995 Chairman, The North Carolina Enterprise Corporation, 1996

Raleigh, North Carolina

President, Financial & Management Consulting, Inc., McLean, 1994 Virginia

President, Faison Associates, Charlotte, North Carolina 1995 Executive Director, Consumer Federation of America, 1996

Washington, D.C.

BALTIMORE BRANCH

Appointed by the Federal Reserve Bank Thomas J. Hughes President/Chief Executive Officer, Navy Federal Credit Union, 1994

Vienna, Virginia F. Levi Ruark Chairman and President, The National Bank of Cambridge, 1994

Cambridge, Maryland Richard M. Adams Chairman and Chief Executive Officer, United Bankshares, Inc., 1995

Parkersburg, West Virginia Morton I. Rapoport, M.D. President and Chief Executive Officer, University of Maryland 1996

Medical System, Baltimore, Maryland

Appointed by the Board of Governors Rebecca Hahn Windsor Chairman and Chief Executive Officer, Hahn Transportation, Inc., 1994

New Market, Maryland Daniel R. Baker President and Chief Executive Officer, Tate Access Floors, Inc., 1995

Jessup, Maryland Michael R. Watson President, Association of Maryland Pilots, Baltimore, Maryland 1996

CHARLOTTE BRANCH

Appointed by the Federal Reserve Bank Dorothy H. Aranda President, Dohara Associates, Inc., Hilton Head Island, South Carolina 1994 Vacancy 1994 David B. Jordan Vice Chairman, Chief Executive Officer, and Director, Security 1995

Capital Bancorp, Salisbury, North Carolina Jim M. Cherry, Jr. President and Chief Executive Officer, Williamsburg First National 1996

Bank, Kingstree, South Carolina


May 1994


Term expires


Charlotte Branch—Continued

Appointed by the Board of Governors Harold D. Kingsmore President and Chief Operating Officer, Graniteville Company, 1994

Graniteville, South Carolina James O. Roberson President/Chief Executive Officer, Research Triangle Foundation of 1995

North Carolina, Research Triangle Park, North Carolina Dennis Lowery Chief Executive Officer and Chairman, Continental Ltd., 1996

Charlotte, North Carolina


Class A D. Paul Jones, Jr.

W. H. Swain James B. Williams

Class B Victoria B. Jackson J. Thomas Holton

Andre M. Rubenstein

Chairman and Chief Executive Officer, Compass Bancshares, Inc. Birmingham, Alabama

Chairman, First National Bank, Oneida, Tennessee Chairman and Chief Executive Officer, SunTrust Banks, Inc.,

Atlanta, Georgia

President, DSS/ProDiesel, Nashville, Tennessee Chairman and President, Sherman International Corporation,

Birmingham, Alabama Chairman and Chief Executive Officer, Rubenstein Brothers, Inc.,

New Orleans, Louisiana

1994

1995 1996

1994 1995

1996

Class C Hugh M. Brown

Leo Benatar Daniel E. Sweat, Jr.

President and Chief Executive Officer, BAMSI, Inc., Titusville, Florida

Chairman and President, Engraph, Inc., Atlanta, Georgia Program Director, The Atlanta Project, Atlanta, Georgia

1994

1995 1996

BIRMINGHAM BRANCH

Appointed by the Federal Reserve Bank Marlin D. Moore, Jr. Chairman, Pritchett-Moore, Inc., Tuscaloosa, Alabama 1994 Columbus Sanders President, Consolidated Industries, Inc., Huntsville, Alabama 1994 J. Stephen Nelson President and Chief Executive Officer, First National Bank, 1995

Brewton, Alabama Julian W. Banton Chairman, President, and Chief Executive Officer, SouthTrust Bank of 1996

Alabama, N.A., Birmingham, Alabama

Appointed by the Board of Governors Shelton E. Allred Chairman, President, and Chief Executive Officer, Frit Incorporated, 1994

Ozark, Alabama Patricia B. Compton President, Patco, Inc., Georgiana, Alabama 1995 Donald E. Boomershine President, Better Business Bureau of Central Alabama, Inc., 1996

Birmingham, Alabama


May 1994



JACKSONVILLE BRANCH

Appointed by the Federal Reserve Bank Perry M. Dawson President and Chief Executive Officer, Suncoast Schools Federal 1994

Credit Union, Tampa, Florida Arnold A. Heggestad William H. Dial Professor and Director, College of Business 1994

Administration, University of Florida, Gainesville, Florida Royce B. Walden Vice President, Ward Bradford & Company, Orlando, Florida 1995 William G. Smith, Jr. President, Capital City First National Bank, Tallahassee, Florida 1996

Appointed by the Board of Governors Samuel H. Vickers President, Chairman, and Chief Executive Officer, Design Containers, 1994

Inc., Jacksonville, Florida Lana Jane Lewis-Brent President, Paul Brent Designer, Inc., Panama City, Florida 1995 Joan Dial Ruffier General Partner, Sunshine Cafes, Orlando, Florida 1996

MIAMI BRANCH

Appointed by the Federal Reserve Bank Roberto G. Blanco Vice Chairman and Chief Financial Officer, Republic National Bank

of Miami, Miami, Florida E. Anthony Newton President, Island National Bank of Palm Beach, Palm Beach, Florida Steven C. Shimp President, O-A-K/Florida, Inc., Fort Myers, Florida Pat L. Tornillo, Jr. Executive Vice President, United Teachers of Dade, Miami, Florida

Appointed by the Board of Governors Dorothy C. Weaver

R. Kirk Landon

Michael T. Wilson

Executive Vice President, Intercap Investments, Inc., Coral Gables, Florida

Chairman and Chief Executive Officer, American Bankers Insurance Group, Miami, Florida

President, Vinegar Bend Farms, Inc., Belle Glade, Florida

1994

1995 1996 1996

1994

1995

1996

NASHVILLE BRANCH

Appointed by the Federal Reserve Bank William Baxter Lee III

Vacancy James D. Harris

Williams E. Arant, Jr.

Chairman and President, Southeast Services Corporation, Knoxville, Tennessee

President and Chief Executive Officer, Brentwood National Bank, Brentwood, Tennessee

President and Chief Executive Officer, First National Bank of Knoxville, Knoxville, Tennessee

1994

1994 1995

1996

Appointed by the Board of Governors Vacancy Harold A. Black James F. Smith Jr. Professor of Financial Institutions, College of

Business Administration, University of Tennessee, Knoxville, Tennessee

Paula Lovell President, Lovell Communications, Inc., Nashville, Tennessee

1994 1995

1996


May 1994



NEW ORLEANS BRANCH


Appointed by the Federal Reserve Bank Angus R. Cooper Chairman and Chief Executive Officer, Cooper/T. Smith Corporation, 1994

Mobile, Alabama Kay L. Nelson Managing Director, Nelson Capital Corporation, New Orleans, 1994

Louisiana Thomas E. Walker President and Chief Executive Officer, Bank of Forest, 1995

Forest, Mississippi Howard C. Gaines Chairman and Chief Executive Officer, First National Bank of 1996

Commerce, New Orleans, Louisiana

Appointed by the Board of Governors Jo Ann Slaydon


Victor Bussie

President, Slaydon Consultants and Insight Productions and Advertising, Baton Rouge, Louisiana

President, Mississippi Coast Coliseum Commission, Pass Christian, Mississippi

President, Louisiana AFL-CIO, Baton Rouge, Louisiana

1994

1995

1996


Class A Stefan S. Anderson

Arnold C. Schultz David W. Fox

Chairman, President, and Chief Executive Officer, First Merchants 1994 Corporation, Muncie, Indiana

Chairman and President, Grundy National Bank, Grundy Center, Iowa 1995 Chairman and Chief Executive Officer, The Northern Trust 1996

Corporation and The Northern Trust Company, Chicago, Illinois

Class B Thomas C. Don-

Donald J. Schneider A. Charlene Sullivan

President and Chief Executive Officer, Dorr's Pine Grove Farm Co., 1994 Marcus, Iowa

President, Schneider National, Inc., Green Bay, Wisconsin 1995 Associate Professor of Management, Krannert Graduate School of 1996

Management, Purdue University, West Lafayette, Indiana

Class C

Duane L. Burnham

Richard G. Cline

Robert M. Healey


Chairman and Chief Executive Officer, NICOR Inc., 1995 Naperville, Illinois

President, Chicago Federation of Labor and Industrial Union Council, 1996 AFL-CIO, Chicago, Illinois


May 1994


DISTRICT 7—Continued DETROIT BRANCH


Appointed by the Federal Reserve Bank Charles R. Weeks President and Chief Executive Officer, Citizens Banking Corporation, 1994

Flint, Michigan Norman F. Rodgers President and Chief Executive Officer, Hillsdale County National 1995

Bank, Hillsdale, Michigan Charles E. Allen President and Chief Executive Officer, Graimark Realty Advisors, 1996

Inc., Detroit, Michigan William E. Odom Chairman, Ford Motor Credit Company, Dearborn, Michigan 1996

Appointed by the Board of Governors John D. Forsyth Executive Director, University of Michigan Hospitals, 1994

Ann Arbor, Michigan J. Michael Moore Chairman and Chief Executive Officer, Invetech Company, 1995

Detroit, Michigan Florine Mark President and Chief Executive Officer, WW Group, 1996

Farmington Hills, Michigan


Class A

Henry G. River, Jr.

Douglas M. Lester

W. D. Glover

Class B

Sandra B. Sanderson-Chesnut

Richard E. Bell

Warren R. Lee

Class C Robert H. Quenon John F. McDonnell

Veo Peoples, Jr.

LITTLE ROCK BRANCH

President and Chief Executive Officer, First National Bank in Pinckneyville, Pinckneyville, Illinois

Chairman and President, Trans Financial Bancorp, Inc., Bowling Green, Kentucky

Chairman and Chief Executive Officer, First National Bank of Eastern Arkansas, Forrest City, Arkansas

President and Chief Executive Officer, Sanderson Plumbing Products, Inc., Columbus, Mississippi

President and Chief Executive Officer, Riceland Foods, Inc., Stuttgart, Arkansas

President, W. R. Lee & Associates, Inc.. Louisville, Kentucky

Mining Consultant, St. Louis, Missouri Chairman and Chief Executive Officer, McDonnell Douglas

Corporation, St. Louis, Missouri Partner, Peoples, Hale & Coleman, St. Louis, Missouri

Appointed by the Federal Reserve Bank Barnett Grace Chairman and Chief Executive Officer, First Commercial Bank, N.A.,

Little Rock, Arkansas Mark A. Shelton III President, M. A. Shelton Farming Company, Altheimer, Arkansas James V. Kelley Chairman, President, and Chief Executive Officer, First United

Bancshares, Inc., El Dorado, Arkansas Mahlon A. Martin President, Winthrop Rockefeller Foundation, Little Rock, Arkansas

1994

1995

1996

1994

1995

1996

1994 1995

1996

1994

1995 1996

1996


May 1994


Term expires


Little Rock Branch—Continued

Appointed by the Board of Governors Robert Daniel Nabholz, Jr. Chief Executive Officer, Nabholz Construction Corporation, 1994

Conway, Arkansas Betta Carney President and Chief Executive Officer, World Wide Travel Service, 1995

Inc., Little Rock, Arkansas Janet M. Jones President, The Janet Jones Company, Little Rock, Arkansas 1996

LOUISVILLE BRANCH

Appointed by the Federal Reserve Bank Thomas E. Spragens, Jr.

Malcolm B. Chancey, Jr.

Robert M. Hall Charles D. Storms

President, The Farmers National Bank of Lebanon, Kentucky, 1994 Lebanon, Kentucky

Chairman and Chief Executive Officer, Liberty National Bank & Trust 1995 Company of Louisville, Kentucky, Louisville, Kentucky

Owner, Family Farm, Seymour, Indiana 1996 President and Chief Executive Officer, Red Spot Paint and Varnish 1996

Company, Inc., Evansville, Indiana

Appointed by the Board of Governors Laura M. Douglas

Daniel L. Ash John A. Williams

Legal Director, Louisville and Jefferson County, Metropolitan Sewer District, Louisville, Kentucky

Consultant, Wenz-Neely Company, Louisville, Kentucky Chairman and Chief Executive Officer, Computer Services, Inc.,

Paducah, Kentucky

1994

1995 1996

MEMPHIS BRANCH

Appointed by the Federal Reserve Bank Lewis F. Mallory, Jr.

Anthony M. Rampley

Benjamin W. Rawlins, Jr.

Katie S. Winchester

Chairman and Chief Executive Officer, National Bank of Commerce of Mississippi, Starkville, Mississippi

President, Chief Executive Officer, and Director, Arkansas Glass Container Corporation, Jonesboro, Arkansas

Chairman and Chief Executive Officer, Union Planters Corporation, Memphis, Tennessee

President and Director, First Citizens National Bank, Dyersburg, Tennessee

Appointed by the Board of Governors Sidney Wilson, Jr. Owner, Wilson Automotive Group Inc., Jackson, Tennessee John V. Myers President, Better Business Bureau, Memphis, Tennessee Woods E. Eastland President and Chief Executive Officer, Staple Cotton Cooperative

Association, Greenwood, Mississippi

1994

1995

1996

1996

1994 1995 1996


May 1994



Class A William W. Strausburg

Susanne V. Boxer

Jerry B. Melby

Class B Duane E. Dingmann Dennis W. Johnson

Clarence D. Mortenson

Class C Jean D. Kinsey


David A. Koch


1994 Chairman and Chief Executive Officer, First Bank Montana, NA., and General Manager, First Bank-Regional Banking Group, Billings, Montana

President and Chief Executive Officer, Houghton National Bank, 1995 Houghton, Michigan

President, First National Bank, Bowbells, North Dakota 1996

President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1994 President, TMI Systems Design Corporation/TMI Transport 1995

Corporation, Dickinson, North Dakota President, M/C Professional Associates, Inc., Pierre, South Dakota 1996

Professor of Consumption and Consumer Economics, Department of 1994 Agricultural and Applied Economics, University of Minnesota, St. Paul, Minnesota

Chairman and Chief Executive Officer, Opus Corporation, 1995 Minneapolis, Minnesota

Chairman and Chief Executive Officer, Graco, Inc., 1996 Golden Valley, Minnesota

HELENA BRANCH

Appointed by the Federal Reserve Bank Donald E. Olsson, Jr. Executive Vice President, Ronan State Bank, Ronan, Montana 1994 Nancy M. Stephenson Executive Director, Neighborhood Housing Services, 1994

Great Falls, Montana Ronald D. Scott President and Chief Executive Officer, The First State Bank of Malta, 1995

Malta, Montana

Appointed by the Board of Governors Lane W. Basso President, Deaconess Medical Center of Billings, Inc., Billings, 1994

Montana Matthew J. Quinn President, Carroll College, Helena, Montana 1995


Class A Charles I. Moyer Chairman and Chief Executive Officer, First National Bank of 1994

Phillipsburg, Phillipsburg, Kansas William L. McQuillan President, Chief Executive Officer, and Director, City National Bank, 1995

Greeley, Nebraska Lawrence W. Menefee Chairman and Chief Executive Officer, Union Colony Bank, 1996

Greeley, Colorado


May 1994



Class B

Frank J. Yaklich, Jr.

W. W. Allen

Charles W. Nichols


Deputy Project Manager, Manufacturing Sciences Corporation, 1994 Denver, Colorado

Chairman and Chief Executive Officer, Phillips Petroleum Company, 1995 Bartlesville, Oklahoma

Managing Partner, Davison & Sons Cattle Company, Arnett, 1996 Oklahoma

Class C Burton A. Dole, Jr.

Herman Cain

Colleen D. Hernandez

Chairman and President, Puritan-Bennett Corporation, Overland Park, Kansas

President and Chief Executive Officer, Godfather's Pizza, Inc. Omaha, Nebraska

Executive Director, Kansas City Neighborhood Alliance, Kansas City, Missouri

1994

1995

1996

DENVER BRANCH

Appointed by the Federal Reserve Bank Clifford E. Kirk President and Chief Executive Officer, First National Bank of Gillette, 1994

Gillette, Wyoming Richard I. Ledbetter President and Chief Executive Officer, First National Bank of 1994

Farmington, Farmington, New Mexico Peter I. Wold Partner, Wold Oil & Gas Company, Casper, Wyoming 1995 Peter R. Decker President, Peter R. Decker & Associates, Denver, Colorado 1996

Appointed by the Board of Governors Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado 1994 Sandra K. Woods Vice President, Adolph Coors Company, Golden, Colorado 1995 Floyd R. Correa President, Correa Enterprises, Inc., Albuquerque, New Mexico 1996

OKLAHOMA CITY BRANCH

Appointed by the Federal Reserve Bank John Wm. Laisle President and Chief Executive Officer, MidFirst Bank, SSB, 1994

Oklahoma City, Oklahoma C. Kendric Fergeson Chairman and Chief Executive Officer, The National Bank of 1995

Commerce, Altus, Oklahoma Dennis M. Mitchell President, Citizens Bank of Ardmore, Ardmore, Oklahoma 1995 Gordona Duca President/Owner, Gordona Duca, Inc., Realtors, Tulsa, Oklahoma 1996

Appointed by the Board of Governors Victor R. Schock President and Chief Executive Officer, Credit Counseling Centers, 1994

Tulsa, Oklahoma Barry L. Eller Sr. Vice President and General Manager, MerCruiser, Mercury Marine 1995

Business Unit, Division of Brunswick Corp., Stillwater, Oklahoma Ernest L. Holloway President, Langston University, Langston, Oklahoma 1996


May 1994


Term expires


OMAHA BRANCH Appointed by the Federal Reserve Bank Donald A. Leu President and Chief Executive Officer, Consumer Credit Counseling 1994

Service, Omaha, Nebraska Thomas H. Olson Chairman, First National Bank, Sidney, Nebraska 1994 Robert L. Peterson Chairman, President, and Chief Executive Officer, IBP, Inc., 1995

Dakota City, Nebraska

Bruce R. Lauritzen President, First National Bank of Omaha, Omaha, Nebraska 1996

Appointed by the Board of Governors Arthur L. Shoener Executive Vice President-Operations, Union Pacific Railroad, 1994

Omaha, Nebraska Sheila Griffin Special Advisor to the Governor of the State of Nebraska for 1995

International Trade, Lincoln, Nebraska LeRoy W. Thom President, T-L Irrigation Company, Hastings, Nebraska 1996


Class A Eugene M. Phillips

Vacancy Gayle M. Earls

Class B Peyton Yates

Milton Carroll

J. B. Cooper, Jr.

Class C Cece Smith

Roger R. Hemminghaus

James A. Martin

EL PASO BRANCH

Chairman and President, The First National Bank of Panhandle, Panhandle, Texas

President and Chief Executive Officer, Texas Independent Bank, Dallas, Texas

President, Yates Drilling Company and Executive Vice President, Yates Petroleum Corporation, Artesia, New Mexico

Chairman and Chief Executive Officer, Instrument Products, Inc., Houston, Texas

Farmer, Roscoe, Texas

General Partner, Phillips-Smith Specialty Retail Group, Dallas, Texas Chairman, President, and Chief Executive Officer, Diamond Inc.,

San Antonio, Texas Third General Vice President, International Association of Bridge,

Structural and Ornamental Iron Workers, Austin, Texas

1994

1995 1996

1994

1995

1996

1994 1995

1996

Appointed by the Federal Reserve Bank Hugo Bustamante, Jr. Owner and Chief Executive Officer, ProntoLube, Inc. and CarLube,

Inc., El Paso, Texas Wayne Merritt Chairman and President, Texas National Bank of Midland,

Midland, Texas Veronica K. Callaghan Vice President and Principal, KASCO Ventures, Inc., El Paso, Texas Ben H. Haines, Jr. President and Chief Operating Officer, First National Bank of

Dona Ana County, Las Cruces, New Mexico

1994

1995

1996 1996


May 1994


Term expires

DISTRICT 11—Continued, December 31

El Paso Branch—Continued

Appointed by the Board of Governors Alvin T. Johnson President, Management Assistance Corporation of America, 1994

El Paso, Texas W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1995 Patricia Z. Holland-Branch President, PZH Contract Design, Inc., El Paso, Texas 1996

HOUSTON BRANCH

Appointed by the Federal Reserve Bank Tieman H. Dippel, Jr. Chairman and President, Brenham Bancshares, Inc., Brenham, Texas 1994 J. Michael Solar President, Solar & Ellis L.L.P., Houston, Texas 1995 Judith B. Craven President, United Way of the Texas Gulf Coast, Houston, Texas 1996 Walter E. Johnson President and Chief Executive Officer, Southwest Bank of Texas, 1996

Houston, Texas

Appointed by the Board of Governors Isaac H. Kempner III Chairman, Imperial Holly Corporation, Sugar Land, Texas 1994 Judy Ley Allen Partner and Administrator, Allen Investments, Houston, Texas 1995 Robert C. McNair Chairman and Chief Executive Officer, Cogen Technologies, Inc., 1996

Houston, Texas

SAN ANTONIO BRANCH

Appointed by the Federal Reserve Bank T. Jack Moore III Owner and Manager, T. J. Moore Lumber Inc., Ingram, Texas 1994 Gregory W. Crane President and Chief Executive Officer, Broadway National Bank, 1995

San Antonio, Texas Juliet V. Garcia President, University of Texas at Brownsville, Brownsville, Texas 1996 Douglas G. Macdonald President, South Texas National Bank, Laredo, Texas 1996

Appointed by the Board of Governors H. B. Zachry, Jr. Chairman and Chief Executive Officer, H. B. Zachry Company, 1994

San Antonio, Texas Carol L. Thompson Consultant and President, The Thompson Group, Austin, Texas 1995 Erich Wendl President and Chief Executive Officer, Maverick Markets, Inc., 1996

Corpus Christi, Texas


Class A William E. B. Siart President, First Interstate Bancorp, Los Angeles, California 1994 Carl J. Schmitt Chairman and Chief Executive Officer, University National Bank & 1995

Trust Company, Palo Alto, California Richard L. Mount Chairman, President, and Chief Executive Officer, Saratoga Bancorp, 1996

Saratoga, California


May 1994



Class B

William L. Tooley

E. Kay Stepp

Gary G. Michael Class C Judith M. Runstad Cynthia A. Parker

James A. Vohs


Chairman, Tooley & Company, Investment Builders, 1994 Los Angeles, California

Former President and Chief Operating Officer, Portland General 1995 Electric Company, Portland, Oregon

Chairman and Chief Executive Officer, Albertson's, Inc., Boise, Idaho 1996

Partner, Foster Pepper and Shefelman, Seattle, Washington 1994 Executive Director, Anchorage Neighborhood Housing Services, Inc., 1995

Anchorage, Alaska Chairman and Chief Executive Officer (Retired), Kaiser Foundation 1996

Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California

LOS ANGELES BRANCH

Appointed by the Federal Reserve Bank Antonia Hernandez

William S. Randall

Steven R. Sensenbach

Thomas L. Stevens, Jr.

President and General Counsel, Mexican American Legal Defense and Educational Fund, Los Angeles, California

Chief Executive Officer, Southwest Region, First Interstate Bank, Phoenix, Arizona

President and Chief Executive Officer, Vineyard National Bank, Rancho Cucamonga, California

President, Los Angeles Trade-Technical College, Los Angeles, California

Appointed by the Board of Governors David L. Moore President, Western Growers Association, Newport Beach, California Anne L. Evans Chairman, Evans Hotels, San Diego, California Anita Landecker Western Regional Vice President, Local Initiatives Support

Corporation, Los Angeles, California

1994

1994

1995

1996

1994 1995 1996

PORTLAND BRANCH

Appointed by the Federal Reserve Bank Stuart H. Compton Chairman, Pioneer Trust Bank, N.A., Salem, Oregon 1994 Elizabeth K. Johnson President, TransWestern, Inc., Scappoose, Oregon 1995 Gerry B. Cameron Vice Chairman and Chief Executive Officer, U.S. Bancorp, 1996

Portland, Oregon Cecil W. Drinkward President and Chief Executive Officer, Hoffman Construction 1996

Company, Portland, Oregon

Appointed by the Board of Governors William A. Hilliard Editor, The Oregonian, Portland, Oregon 1994 Carol A. Whipple Owner-Manager, Rocking C Ranch, Elkton, Oregon 1995 Ross R. Runkel Professor of Law, Willamette University, Salem, Oregon 1996


May 1994



SALT LAKE CITY BRANCH

Appointed by the Federal Reserve Bank June M. Morris Chief Executive Officer, Morris Air Corporation, Salt Lake City, Utah 1994 Roy C. Nelson President, Bank of Utah, Ogden, Utah 1995 Nancy Mortensen Vice President-Marketing, ZCMI, Salt Lake City, Utah 1996 Daniel R. Nelson Chairman and Chief Executive Officer, West One Bancorp, 1996

Boise, Idaho

Appointed by the Board of Governors Gerald R. Sherratt President, Southern Utah University, Cedar City, Utah 1994 Richard E. Davis President and Chief Executive Officer, Salt Lake Convention & 1995

Visitors Bureau, Salt Lake City, Utah Constance G. Hogland Executive Director, Boise Neighborhood Housing Services, Inc., 1996

Boise, Idaho

SEATTLE BRANCH

Appointed by the Federal Reserve Bank Thomas E. Cleveland Chairman and Chief Executive Officer, Enterprise Bank of Bellevue, 1994

Bellevue, Washington Constance L. Proctor Partner, Alston, Courtnage, MacAulay & Proctor, Seattle, Washington 1995 Tomio Moriguchi President, Uwajimaya, Inc., Seattle, Washington 1996 John V. Rindlaub Chairman and Chief Executive Officer, Seafirst Bank, Seattle, 1996

Washington

Appointed by the Board of Governors William R. Wiley Senior Vice President, Battelle Memorial Institute; Director, 1994

Battelle/Pacific Northwest Division; and Director, U.S. Department of Energy, Pacific Northwest Laboratory, Richland, Washington

Emilie A. Adams President and Chief Executive Officer, Better Business Bureau 1995 Foundation, Seattle, Washington

George F. Russell, Jr. Chairman, Frank Russell Company, Tacoma, Washington 1996


May 1994

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