Federal Reserve Banks and Branches - St. Louis Fedton on December 3-4, 1970. Mr. Winn, Chairman of...

FEDERAL RESERVE BANKS ANDBRANCHES(December 31, 1970)

CHAIRMEN AND DEPUTY CHAIRMEN OFBOARDS OF DIRECTORS

Federal ReserveBank of—

BostonNew YorkPhiladelphiaClevelandRichmondAtlantaChicagoSt. LouisMinneapolisKansas CityDallasSan Francisco

Chairman andFederal Reserve Agent

James S. DuesenberryAlbert L. NickersonWillis J. WinnAlbert G. ClayWilson H. ElkinsEdwin I. HatchEmerson G. HigdonFrederic M. Peirce(Vacancy)Dolph SimonsCarl J. ThomsenO. Meredith Wilson

Deputy Chairman

John M. FoxJames M. HesterBayard L. EnglandJ. Ward KeenerRobert W. Lawson, Jr.John C. WilsonWilliam H. FranklinSmith D. Broadbent, Jr.David M. LillyWillard D. Hosford, Jr.Chas. F. JonesS. Alfred Halgren

C O N F E R E N C E O F C H A I R M E N

The Chairmen of the Federal Reserve Banks are organized into a Conferenceof Chairmen that meets from time to time to consider matters of common in-terest and to consult with and advise the Board of Governors. Such a meeting,attended also by Deputy Chairmen of the Reserve Banks, was held in Washing-ton on December 3-4, 1970.

Mr. Winn, Chairman of the Federal Reserve Bank of Philadelphia, who waselected Chairman of the Conference and of its Executive Committee in Decem-ber 1969, served in that capacity until the close of the 1970 meeting. Mr. Clay,Chairman of the Federal Reserve Bank of Cleveland, and Mr. Nickerson,Chairman of the Federal Reserve Bank of New York, served with Mr. Winn asmembers of the Executive Committee; Mr. Clay also served as Vice Chairmanof the Conference.

On December 4, 1970, Mr. Clay was elected Chairman of the Conferenceand of its Executive Committee to serve for the succeeding year; Mr. Nicker-son was elected Vice Chairman of the Conference and a member of the Execu-tive Committee; and Mr. Wilson, Chairman of the Federal Reserve Bank ofSan Francisco, was elected as the other member of the Executive Committee.

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F.R. BANKS AND BRANCHES—Cont.

DIRECTORS

Class A and Class B directors are elected by the member banks of the district.Class C directors are appointed by the Board of Governors of the FederalReserve System.

The Class A directors are chosen as representatives of member banks and, asa matter of practice, are active officers of member banks. The Class B directorsmay not, under the law, be officers, directors, or employees of banks. At thetime of their election they must be actively engaged in their district in commerce,agriculture, or some other industrial pursuit.

The Class C directors may not, under the law, be officers, directors, em-ployees, or stockholders of banks. They are appointed by the Board of Gover-nors as representatives not of any particular group or interest, but of the publicinterest as a whole.

Federal Reserve Bank branches have either five or seven directors, of whom amajority are appointed by the Board of Directors of the parent Federal ReserveBank and the others are appointed by the Board of Governors of the FederalReserve System.

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DIRECTORS District 1—BOSTON Dec. 31

Class A:William R. Kennedy President, Merrimack Valley National Bank,

Andover, Mass 1970John Simmen Chairman of the Board and Chief Executive

Officer, Industrial National Bank of RhodeIsland, Providence, R.I 1971

Tucker H. David Executive Vice President, The Deep River Na-tional Bank, Deep River, Conn 1972

Class B:James R. Carter Chairman of the Board, Nashua Corporation,

Nashua, N.H 1970W. Gordon Robertson. .General Trustee, Bangor Punta Corporation,

Bangor, Maine 1971F. Ray Keyser, Jr Vice President, Vermont Marble Company,

Proctor, Vt 1972

Class C.-John M. Fox President, United Fruit Company, Boston,

Mass 1970James S. Duesenberry...Professor of Economics, Harvard University,

Cambridge, Mass 1971Louis W. Cabot Chairman of the Board, Cabot Corporation,

Boston, Mass 1972

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DIRECTORS—Cont. District 2—NEW YORK Dec. 31

Class A:R. E. McNeill, Jr Chairman of the Board, Manufacturers Han-

over Trust Company, New York, N Y 1970C. E. Treman, Jr President, Tompkins County Trust Company,

Ithaca, N Y 1971Arthur S. Hamlin President, The Canandaigua National Bank

and Trust Company, Canandaigua, N Y 1972

Class B:William D. Eberle President and Chief Executive Officer, American

Standard Inc., New York, N Y 1970Milton C. Mumford.... Chairman of the Board, Lever Brothers Com-

pany, New York, N Y 1971Maurice R. Forman Chairman of the Board, B. Forman Co.,

Rochester, N Y 1972

Class C:James M. Hester President, New York University, New York,

N Y 1970Roswell L. Gilpatric Partner, Cravath, Swaine and Moore, Attor-

neys, New York, N Y 1971Albert L. Nickerson.... Former Chairman of the Board, Mobil Oil

Corporation, New York, N.Y 1972

BUFFALO BRANCH

Appointed by Federal Reserve Bank:Wilmot R. Craig Chairman of the Board, Lincoln Rochester

Trust Company, Rochester, N Y 1970Charles L. Hughes President, The Silver Creek National Bank,

Silver Creek, N Y 1970James I. Wyckoff President, The National Bank of Geneva, N.Y. 1971David J. Laub President, Marine Midland Trust Company of

Western New York, Buffalo, N Y 1972

Appointed by Board of Governors:Robert S. Bennett Former General Manager, Lackawanna Plant,

Bethlehem Steel Corporation, Buffalo, N Y.. 1970Norman F. Beach Vice President, Eastman Kodak Company,

Rochester, N Y 1971Morton Adams General Manager, Pro-Fac Cooperative Inc.,

Rochester, N.Y 1972

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DIRECTORS—Cont. District 3—PHILADELPHIA Dec. 31

Class A:H. Lyle Duffey Executive Vice President, The First National

Bank, McConnellsburg, Pa 1970Harold F. Still, Jr President, Central Penn National Bank of Phil-

adelphia, Pa 1971William R. Cosby Chairman of the Board, Princeton Bank and

Trust Company, Princeton, N J 1972

Class B:Philip H. Glatfelter, III..Chairman of the Board and President, P.H.

Glatfelter Co., Spring Grove, Pa 1970Henry A. Thouron Chairman of the Board, Hercules Incorporated,

Wilmington, Del 1971Edward J. Dwyer President, ESB Incorporated, Philadelphia, Pa. 1972

Class C.-Willis J. Winn Dean, Wharton School of Finance and Com-

merce, University of Pennsylvania, Philadel-phia, Pa 1970

D. Robert Yarnall, Jr.. .President, Yarway Corporation, Blue Bell, Pa.. 1971Bayard L. England Chairman of the Board, Atlantic City Electric

Company, Atlantic City, N J 1972

District 4—CLEVELANDClass A :

Seward D. Schooler. . . .President, Coshocton National Bank, Coshoc-ton, Ohio 1970

George F. Karch Chairman of the Board and Chief ExecutiveOfficer, The Cleveland Trust Company,Cleveland, Ohio 1971

David L. Brumback, Jr.. President, Van Wert National Bank, Van Wert,Ohio 1972

Class B:John L. Gushman President and Chief Executive Officer, Anchor

Hocking Corporation, Lancaster, Ohio 1970J. William Henderson, Jr. Henderson & Associates, Columbus, Ohio 1971R. Stanley Laing President, The National Cash Register Com-

pany, Dayton, Ohio 1972

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DIRECTORS—Com. District 4—CLEVELAND—Gont. Dec. 31

Class C:J. Ward Keener Chairman of the Board and Chief Executive

Officer, The B.F. Goodrich Company, Ak-ron, Ohio 1970

Horace A. Shepard Chairman of the Board and Chief ExecutiveOfficer, TRW, Inc., Cleveland, Ohio 1971

Albert G. Clay President, Clay Tobacco Company, Mt. Ster-ling, Ky 1972

CINCINNATI BRANCH

Appointed by Federal Reserve Bank:Fletcher E. Nyce Chairman of the Board and Chief Executive

Officer, The Central Trust Company, Cincin-nati, Ohio 1970

Robert B. Johnson President, Pikeville National Bank & TrustCompany, Pikeville, Ky 1971

Edward W. Barker President, First National Bank of Middletown,Ohio 1972

(Vacancy) 1972

Appointed by Board of Governors:Orin E. Atkins President, Ashland Oil, Inc., Ashland, Ky 1970Graham E. Marx President and General Manager, The G.A.

Gray Company, Cincinnati, Ohio 1971Phillip R. Shriver President, Miami University, Oxford, Ohio... 1972

PITTSBURGH BRANCH

Appointed by Federal Reserve Bank:George S. Cook President, Somerset Trust Company, Somerset,

Pa 1970Charles H. Bracken President, Marine National Bank, Erie, Pa 1971Robinson F. Barker.. . . Chairman of the Board and Chief Executive

Officer, PPG Industries, Pittsburgh, Pa 1972J. W. Bingham President, The Merchants & Manufacturers

National Bank, Sharon, Pa 1972

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DIRECTORS—Cont. District 4—CLEVELAND—Gont. Dec. 31

PITTSBURGH BRANCH—Cont.

Appointed by Board of Governors:B. R. Dorsey President, Gulf Oil Corporation, Pittsburgh,

Pa 1970Richard M. Cyert Dean, Graduate School of Industrial Admin-

istration, Carnegie-Mellon University, Pitts-burgh, Pa 1971

Lawrence E. Walkley.. .President and Chief Executive Officer, West-inghouse Air Brake Company, Pittsburgh,Pa 1972

District 5—RICHMOND

Class A:Giles H. Miller, Jr President, The Culpeper National Bank, Cul-

peper, Va 1970Douglas D. Monroe, Jr..President, Chesapeake National Bank, Kil-

marnock, Va 1971Hugh A. Curry President, The Kanawha Valley Bank, Charles-

ton, W. Va 1972

Class B:H. Dail Holderness President, Carolina Telephone and Telegraph

Company, Tarboro, N.C 1970Charles D. Lyon Former President, The Potomac Edison Com-

pany, Hagerstown, Md 1971Robert S. Small President,Dan River Mills Incorporated, Green-

ville, S.C 1972

Class C.-Stuart Shumate President, Richmond, Fredericksburg, and Po-

tomac Railroad Company, Richmond, Va... 1970Wilson H. Elkins President, University of Maryland, College

Park, Md 1971Robert W. Lawson, Jr... Managing Partner of Charleston Office, Steptoe

& Johnson, Attorneys at Law, Charleston,W. Va 1972

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DIRECTORS—Com. District 5—RICHMOND—Gont. Dec. 31

BALTIMORE BRANCH

Appointed by Federal Reserve Bank:Adrian L. McCardell.. .Chairman of the Board, First National Bank

of Maryland, Baltimore, Md 1970James J. Robinson Executive Vice President, Bank of Ripley,

W. Va 1970Tilton H. Dobbin President and Chairman of the Executive Com-

mittee, Maryland National Bank, Baltimore,Md 1971

J. R. Chaffinch, Jr Executive Vice President, The Denton NationalBank, Denton, Md 1972

Appointed by Board of Governors:John H. Fetting, Jr President, A. H. Fetting Company, Baltimore,

Md 1970James M. Jarvis Chairman of the Board, Jarvis, Downing &

Emch, Inc., Clarksburg, W. Va 1971Arnold J. Kleff, Jr Manager, Baltimore Refinery, American Smelt-

ing and Refining Company, Baltimore, Md... 1972

CHARLOTTE BRANCH

Appointed by Federal Reserve Bank:C. C. Cameron Chairman of the Board and President, First

Union National Bank of North Carolina,Charlotte, N.C 1970

H. Phelps Brooks, Jr President, The Peoples National Bank, Ches-ter, S.C 1970

L. D. Coltrane, III President, The Concord National Bank, Con-cord, N.C 1971

J. Willis Cantey President, The Citizens and Southern NationalBank of South Carolina, Columbia, S.C 1972

Appointed by Board of Governors:William B. McGuire President, Duke Power Company, Charlotte,

N.C 1970John L. Fraley President, Carolina Freight Carriers Corpora-

tion, Cherryville, N.C 1971E. Craig Wall, Sr Chairman of the Board, Canal Industries, Inc.,

Conway, S.C 1972

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DIRECTORS—Cont. District 6—ATLANTA Dec. 31

Class A:A. L. Ellis Chairman of the Board, First National Bank,

Tarpon Springs, Fla 1970John W. Gay President, The First National Bank of Scotts-

boro, Ala 1971William B. Mills President, The Florida National Bank, Jackson-

ville, Fla 1972

Class B:Hoskins A. Shadow. . . .President, Tennessee Valley Nursery, Inc., Win-

chester, Tenn 1970Owen Cooper President, Mississippi Chemical Corporation

and Coastal Chemical Corporation, YazooCity, Miss 1971

Philip J. Lee Vice President, Tropicana Products, Inc.,Tampa, Fla 1972

Class C.-John C. Wilson President, Home-Wilson, Inc., Atlanta, Ga 1970Edwin I. Hatch President, Georgia Power Company, Atlanta,

Ga 1971F. Evans Farwell President, Milliken and Farwell, Inc., New

Orleans, La 1972

BIRMINGHAM BRANCH

Appointed by Federal Reserve Bank :Arthur L. Johnson President, Camden National Bank, Camden,

Ala 1970George A. LeMaistre.. .President, City National Bank, Tuscaloosa,

Ala 1970K. M. Varner, Jr President, The First National Bank of Auburn,

Ala 1971Harvey Terrell Chairman of the Board, The First National

Bank of Birmingham, Ala 1972

Appointed by Board of Governors:Caldwell Marks Chairman of the Board, Motion Industries, Inc.,

Birmingham, Ala 1970W. Cecil Bauer President, South Central Bell Telephone Com-

pany, Birmingham, Ala 1971E. Stanley Robbins President, National Floor Products Company,

Inc., Florence, Ala 1972

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F.R. BANKS A N D BRANCHES—Cont.

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DIRECTORS—Com. Distr ict 6 — A T L A N T A — G o n t . Dec. 31

JACKSONVILLE BRANCH

Appointed by Federal Reserve Bank:Harry Hood Bassett Chairman of the Board, The First National

Bank, Miami, Fla . 1970John Y. Humphress.. . .Executive Vice President, Capital City First

National Bank, Tallahassee, Fla 1970Edward W. Lane, Jr. . . .President, The Atlantic National Bank, Jack-

sonville, Fla 1971James G. Richardson.. .Chairman of the Board and President, The

Commercial Bank and Trust Company ofOcala, Fla 1972

Appointed by Board of Governors:Henry Cragg Vice President, Coca-Cola Company Foods

Division, Orlando, Fla 1970Castle W. Jordan President, AO Industries, Inc., Coral Gables,

Fla 1971Henry K. Stanford President, University of Miami, Coral Gables,

Fla 1972

NASHVILLE BRANCH

Appointed by Federal Reserve Bank:Hubert A. Crouch, Jr.. .Executive Vice President, Third National Bank

in Nashville, Tenn 1970W. H. Swain President, First National Bank, Oneida, Tenn.. 1970Hugh M. Willson President, Citizens National Bank, Athens,

Tenn 1971Edward C. Huffman Chairman of the Board and President, First

National Bank, Shelbyville, Tenn 1972

Appointed by Board of Governors:Robert M. Williams President, ARO Inc., Tullahoma, Tenn 1970Edward J. Boling President, The University of Tennessee, Knox-

ville, Tenn 1971Roy J. Fisher Manager, Tennessee Operations, Aluminum

Company of America, Alcoa, Tenn 1972

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1970

F.R. BANKS AND BRANCHES-Cont.

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DIRECTORS—Com. District 6—ATLANTA—Cont. Dec. 31

NEW ORLEANS BRANCH

Appointed by Federal Reserve Bank:Lucien J. Hebert, Jr Executive Vice President, Lafourche National

Bank of Thibodaux, La 1970Morgan Whitney Senior Vice President, Whitney National Bank

of New Orleans, La 1970E. W. Haining President, The First National Bank of Vicks-

burg, Miss 1971H. P. Heidelberg, Jr President, Pascagoula-Moss Point Bank, Pas-

cagoula, Miss 1972

Appointed by Board of Governors:Robert H. Radcliff, Jr...President, Southern Industries Corporation,

Mobile, Ala 1970Frank G. Smith Vice President, Mississippi Power & Light

Company, Jackson, Miss 1971D. Ben Kleinpeter Wholesale Manager, Kleinpeter Farms Dairy,

Inc., Baton Rouge, La 1972

District 7—CHICAGO

Class A:Melvin C. Lockard President, First National Bank, Mattoon, 111... 1970Floyd F. Whitmore President, The Okey-Vernon National Bank,

Corning, Iowa 1971Edward Byron Smith.. .Chairman of the Board, The Northern Trust

Company, Chicago, 111 1972

Class B:Howard M. Packard Vice Chairman, S. C. Johnson & Son, Inc.,

Racine, Wis 1970Joseph O. Waymire Former Vice President for Finance and Treas-

urer, Eli Lilly Company, Indianapolis, Ind... 1971William H. Davidson.. .President, Harley-Davidson Motor Co., Inc.,

Milwaukee, Wis 1972

Class C:Franklin J. Lunding Chairman of the Finance Committee, Jewel

Companies, Inc., Melrose Park, 111 1970William H. Franklin... .President, Caterpillar Tractor Co., Peoria, 111.. 1971Emerson G. Higdon President, The Maytag Company, Newton,

Iowa 1972

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DIRECTORS—Cont. District 7—CHICAGO—Cont. Dec. 31

DETROIT BRANCH

Appointed by Federal Reserve Bank:Raymond T. Perring Chairman of the Board, The Detroit Bank and

Trust Company, Detroit, Mich 1970B. P. Sherwood, Jr President, Security First Bank & Trust Com-

pany, Grand Haven, Mich 1971George L. Whyel President, Genesee Merchants Bank & Trust

Company, Flint, Mich 1972Roland A. Mewhort... .Chairman of the Board, Manufacturers Na-

tional Bank of Detroit, Mich 1972

Appointed by Board of Governors:L. Wm. Seidman Resident Partner, Seidman & Seidman, Grand

Rapids, Mich 1970Peter B. Clark Chairman of the Board and President, The

Evening News Association, Detroit, Mich... 1971W. M. Defoe Chairman of the Board, Defoe Shipbuilding

Company, Bay City, Mich 1972

District 8—ST. LOUISClass A:

Bradford Brett President, The First National Bank of Mexico,Mo 1970

James P. Hickok Chairman of the Executive Committee, FirstNational Bank in St. Louis, Mo 1971

Cecil W. Cupp, Jr President, Arkansas Bank & Trust Company,Hot Springs, Ark 1972

Class B:Mark Townsend Chairman of the Board, Townsend Lumber

Company, Inc., Stuttgart, Ark 1970Sherwood J. Smith Chairman and President, D/P Computer Ser-

vices, Inc., Evansville, Ind 1971Edward J. Schnuck Chairman of the Board, Schnuck Markets, Inc.,

St. Louis, Mo 1972

Class C:Smith D. Broadbent, Jr..Broadbent Hybrid Seed Co., Cadiz, Ky 1970Frederic M. Peirce Chairman of the Board and Chief Executive

Officer, General American Life InsuranceCompany, St. Louis, Mo 1971

Sam Cooper President, HumKo Products, Division ofKraftco Corporation, Memphis, Tenn 1972

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DIRECTORS-Com. District 8—ST. LOUIS—Gont. Dec. 31

LITTLE ROCK BRANCH

Appointed by Federal Reserve Bank:Edward M. Penick President and Chief Executive Officer, Wor-

then Bank & Trust Company, Little Rock,Ark 1970

Louis E. Hurley Chairman of the Board, The Exchange Bank &Trust Company, El Dorado, Ark 1971

Ellis E. Shelton President, The First National Bank of Fayette-ville, Ark 1972

Wayne A. Stone Chairman of the Board and Chief ExecutiveOfficer, Simmons First National Bank ofPine Bluff, Ark 1972

Appointed by Board of Governors:Fred I. Brown, Jr President, Arkansas Foundry Company, Lit-

tle Rock, Ark 1970Al Pollard President, Brooks-Pollard Company, Little

Rock, Ark 1971Jake Hartz, Jr President, Jacob Hartz Seed Co., Inc., Stutt-

gart, Ark 1972

LOUISVILLE BRANCH

Appointed by Federal Reserve Bank:J. E. Miller Executive Vice President, Sellersburg State

Bank, Sellersburg, Ind 1970Hugh M. Shwab Vice Chairman of the Board, First National

Bank of Louisville, Ky 1971Paul Chase President, The Bedford National Bank, Bed-

ford, Ind 1972James C. Zimmerman.. .Executive Vice President, The Owensboro Na-

tional Bank, Owensboro, Ky 1972

Appointed by Board of Governors:Harry M. Young, J r . . . . Melrose Farms, Herndon, Ky 1970Ronald E. Reitmeier President, Catalysts and Chemicals Inc., Louis-

ville, Ky 1971John G. Beam President, Thomas Industries Inc., Louisville,

Ky 1972

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1970


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DIRECTORS—Com. District 8—ST. LOUIS—Gont. Dec. 31

MEMPHIS BRANCH

Appointed by Federal Reserve Bank:J. J. White President, Helena National Bank, Helena, Ark. 1970Wade W. Hollowell... .President, The First National Bank of Green-

ville, Miss, 1971James R. Fitzhugh Executive Vice President, Bank of Ripley, Tenn. 1972Wayne W. Pyeatt President, National Bank of Commerce, Mem-

phis, Tenn 1972

Appointed by Board of Governors:Alvin Huffman, Jr President, Huffman Brothers Incorporated,

Blytheville, Ark 1970C. Whitney Brown President, S. C. Toof & Company, Memphis,

Tenn 1971William L. Giles President, Mississippi State University, State

College, Miss 1972

District 9—MINNEAPOLISClass A:

Warren F. Vaughan... .President, Security Trust & Savings Bank, Bill-ings, Mont 1970

G. A. Dahlen President, First National Bank of Ironwood,Mich 1971

John Bosshard Executive Vice President, First National Bankof Bangor, Wis 1972

Class B:Dale V. Andersen President, Mitchell Packing Company, Inc.,

Mitchell, S.D 1970John H. Bailey President, The Cretex Companies, Inc., Elk

River, Minn 1971David M. Heskett President, Montana-Dakota Utilities Company,

Bismarck, N.D 1972

Class C.-Byron W. Reeve President, Lake Shore, Inc., Iron Mountain,

Mich 1970(Vacancy) 1971David M. Lilly Chairman of the Board, Toro Manufacturing

Corporation, Minneapolis, Minn 1972

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1970


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DIRECTORS-Cont. District 9—MINNEAPOLIS—Cent. Dec. 31

HELENA BRANCH

Appointed by Federal Reserve Bank:Charles H. Brocksmith.. President, First Security Bank of Glasgow,

N. A., Glasgow, Mont 1970Glenn H. Larson President, First State Bank of Thompson Falls,

Mont 1970Richard D. Rubie President, Missoula Bank of Montana, Mis-

soula, Mont 1971

Appointed by Board of Governors:Warren B. Jones Secretary-Treasurer, Two-Dot Land and Live-

stock Company, Harlowton, Mont. 1970William A. Cordingley..Publisher, Great Falls Tribune, Great Falls,

Mont 1971

District 10—KANSAS CITYClass A:

C. M. Miller President, The Farmers and Merchants StateBank, Colby, Kan 1970

John A. O'Leary Chairman of the Board, The Peoples StateBank, Luray, Kan 1971

Roger D. Knight, Jr.. . .Chairman of the Board, United Banks of Colo-rado, Inc., Denver, Colo 1972

Class B:Alfred E. Jordan Vice President, Trans World Airlines, Kansas

City, Mo 1970Stanley Learned Phillips Petroleum Company, Bartlesville, Okla. 1971Cecil O. Emrich Manager,Norfolk Livestock Market, Inc., Nor-

folk, Nebr 1972

Class C.Dolph Simons Editor, Journal-World, Lawrence, Kan 1970Robert W. Wagstaff President, Kansas City Coca-Cola Bottling

Company, Kansas City, Mo 1971Willard D. Hosford, Jr..Vice President and General Manager, John

Deere Company, Omaha, Nebr 1972

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1970


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DIRECTORS—Com. District 10—KANSAS CITY—Gont. Dec. 31

DENVER BRANCH

Appointed by Federal Reserve Bank:Theodore D. Brown Executive Vice President, The First National

Bank of Denver, Colo 1970Robert L. Tripp President, Albuquerque National Bank, Albu-

querque, N. Mex 1970Armin B. Barney Chairman of the Board, The Colorado Springs

National Bank, Colorado Springs, Colo 1971

Appointed by Board of Governors:David R. C. Brown President, The Aspen Skiing Corporation, As-

pen, Colo 1970Cris Dobbins Chairman of the Board and President, Ideal

Basic Industries, Inc., Denver, Colo 1971

OKLAHOMA CITY BRANCH

Appointed by Federal Reserve Bank:Charley M. Crawford.. .President, First National Bank in Frederick,

Okla 1970Marvin Millard Chairman of the Board, National Bank of

Tulsa, Okla 1970W. H. McDonald Chairman of the Executive Committee, The

First National Bank and Trust Company ofOklahoma City, Okla 1971

Appointed by Board of Governors:F. W. Zaloudek Manager, J. I. Case Implements, Kremlin,

Okla 1970C. W. Flint, Jr Chairman of the Board, Flint Steel Corpora-

tion, Tulsa, Okla 1971

OMAHA BRANCH

Appointed by Federal Reserve Bank:Edward W. Lyman President, The United States National Bank of

Omaha, Nebr 1970John W. Hay, Jr President, Rock Springs National Bank, Rock

Springs, Wyo 1971S. N. Wolbach President, The First National Bank of Grand

Island, Nebr 1971

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1970


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DIRECTORS-Cont. District 10—KANSAS CITY—Gont. Dec. 31

OMAHA BRANCH—Cont.

Appointed by Board of Governors:Henry Y. Kleinkauf President, Natkin & Company, Omaha, Nebr.. 1970A. James Ebel Vice President and General Manager, Corn-

husker Television Corporation, Lincoln,Nebr 1971

District 11—DALLAS

Class A:J. V. Kelly President, The Peoples National Bank of Bel-

ton, Tex 1970A. W. Riter, Jr President, The Peoples National Bank of Tyler,

Tex 1971Murray Kyger Chairman of the Board, The First National

Bank of Fort Worth, Tex 1972

Class B:Carl D. Newton Chairman of the Board, Fox-Stanley Photo

Products, Inc., San Antonio, Tex 1970Hugh F. Steen President, El Paso Natural Gas Company, El

Paso, Tex 1971C. A. Tatum, Jr President and Chief Executive Officer, Texas

Utilities Company, Dallas, Tex 1972

Class C.-Carl J. Thomsen Senior Vice President, Texas Instruments In-

corporated, Dallas, Tex 1970Chas. F. Jones Vice Chairman of the Board, Humble Oil &

Refining Company, Houston, Tex 1971Philip G. Hoffman President, University of Houston, Tex 1972

EL PASO BRANCH

Appointed by Federal Reserve Bank:Cullen J. Kelly President, The First National Bank of Mid-

land, Tex 1970Joe B. Sisler President, The Clovis National Bank, Clovis,

N. Mex 1971Archie B. Scott President, The Security State Bank of Pecos,

Tex 1972Sam D. Young, Jr President, El Paso National Bank, El Paso,

Tex 1972

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1970


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DIRECTORS—Com. District 11—DALLAS—Gont. Dec. 31

EL PASO BRANCH—Cont.

Appointed by Board of Governors:Gordon W. Foster Vice President, Farah Manufacturing Com-

pany, Inc., El Paso, Tex 1970Joseph M. Ray Benedict Professor of Political Science, The

University of Texas at El Paso, Tex 1971Allan B. Bowman President and General Manager, Banner Min-

ing Company, Tucson, Ariz 1972

HOUSTON BRANCH

Appointed by Federal Reserve Bank:A. G. McNeese, Jr Chairman of the Board and Chief Executive

Officer, Bank of the Southwest National As-sociation, Houston, Tex 1970

Henry B. Clay President, First Bank & Trust, Bryan, Tex 1971W. G. Thornell President, The First National Bank of Port

Arthur, Tex 1972John E. Whitmore Chairman of the Board, Texas Commerce Bank

National Association, Houston, Tex 1972

Appointed by Board of Governors:M. Steele Wright, Jr Chairman of the Board, Texas Farm Products

Company, Nacogdoches, Tex 1970R. M. Buckley President, Eastex Incorporated, Silsbee, Tex... 1971Geo. T. Morse, Jr Vice Chairman of the Board and Chief Operat-

ing Officer, Peden Industries, Inc., Houston,Tex 1972

SAN ANTONIO BRANCH

Appointed by Federal Reserve Bank:Ray M. Keck, Jr President, Union National Bank of Laredo,

Tex 1970James T. Denton, J r . . . . President, Corpus Christi Bank and Trust,

Corpus Christi, Tex 1971T. C. Frost, Jr President, The Frost National Bank of San

Antonio, Tex 1972W. O. Roberson President, First National Bank at Brownsville,

Tex 1972

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1970


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DIRECTORS—Com. District 11—DALLAS—Gont. Dec. 31

SAN ANTONIO BRANCH—Cont.

Appointed by Board of Governors:Lloyd M. Knowlton General Manager, Knowlton's Creamery, San

Antonio, Tex 1970Francis B. May Professor of Business Statistics, The Univer-

sity of Texas, Austin, Tex 1971W. A. Belcher Veterinarian and Rancher, Brackettville, Tex... 1972

District 12—SAN FRANCISCOClass A:

Charles F. Frankland.. .Chairman of the Board, The Pacific NationalBank of Washington, Seattle, Wash 1970

Ralph V. Arnold Chairman of the Board and Chief ExecutiveOfficer, First National Bank and Trust Com-pany, Ontario, Calif 1971

Carroll F. Byrd President, The First National Bank of Willows,Calif. 1972

Class B:Marron Kendrick Chairman of the Board and President, Schlage

Lock Company, San Francisco, Calif. 1970Herbert D. Armstrong. .Treasurer, Standard Oil Company of Califor-

nia, San Francisco, Calif. 1971Joseph Rosenblatt Honorary Chairman of the Board, The Eimco

Corporation, Salt Lake City, Utah 1972

Class C:O. Meredith Wilson. .. .President and Director, Center for Advanced

Study in the Behavioral Sciences, Stanford,Calif. 1970

Bernard T. Rocca, Jr Chairman of the Board, Pacific Vegetable OilCorporation, San Francisco, Calif. 1971

S. Alfred Halgren Senior Vice President, Carnation Company,Los Angeles, Calif. 1972

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1970


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DIRECTORS-Cont. District 12—SAN FRANCISCO—Cont. Dec. 31

LOS ANGELES BRANCH

Appointed by Federal Reserve Bank:Harry J. Volk Chairman of the Board and Chief Executive

Officer, Union Bank, Los Angeles, Calif. 1970Carl E. Schroeder President, The First National Bank of Orange

County, Orange, Calif. 1970Linus E. Southwick President, Valley National Bank, Glendale,

Calif 1970Sherman Hazeltine Chairman of the Board and Chief Executive

Officer, First National Bank of Arizona,Phoenix, Ariz 1971

Appointed by Board of Governors:Norman B. Houston Director and Consultant, Golden State Mutual

Life Insurance Company, Los Angeles, Calif. 1970J. Leland Atwood Senior Consultant, North American Rockwell

Corporation, Los Angeles, Calif. 1971Leland D. Pratt President, Kelco Company, San Diego, Calif... 1972

PORTLAND BRANCH

Appointed by Federal Reserve Bank:E. W. Firstenburg Chairman of the Board and President, First

Independent Bank, Vancouver, Wash 1970James H. Stanard Vice President, First National Bank of Mc-

Minnville, Oreg 1970Ralph J. Voss President, First National Bank of Oregon,

Portland, Oreg 1971

Appointed by Board of Governors:Robert F. Dwyer Dwyer Forest Products Company, Portland,

Oreg 1970Frank Anderson Farmer, Heppner, Oreg 1971

SALT LAKE CITY BRANCH

Appointed by Federal Reserve Bank:Roy W. Simmons President and Chairman of the Executive Com-

mittee, Zions First National Bank, SaltLake City, Utah 1970

Roderick H. Browning. .President, Bank of Utah, Ogden, Utah 1970William E. Irvin Chairman of the Board, The Idaho First Na-

tional Bank, Boise, Idaho 1971

310


1970


Termexpires

DIRECTORS—Com. District 12—SAN FRANCISCO—Gont. Dec. 31

SALT LAKE CITY BRANCH—Cont.

Appointed by Board of Governors:Peter E. Marble Rancher, Deeth, Nev 1970Royden G. Derrick President and General Manager, Western

Steel Company, Salt Lake City, Utah 1971

SEATTLE BRANCH

Appointed by Federal Reserve Bank:A. E. Saunders President, Puget Sound National Bank, Ta-

coma, Wash 1970Philip H. Stanton President, Washington Trust Bank, Spokane,

Wash 1970Joseph C. Baillargeon.. .Chairman of the Board, Seattle Trust & Sav-

ings Bank, Seattle, Wash 1971

Appointed by Board of Governors:C. Henry Bacon, Jr Vice Chairman of the Board, Simpson Timber

Company, Seattle, Wash 1970Francis G. Crane Manager, Crane and Crane Orchards and Cold

Storage, Brewster, Wash 1971

311


1970


PRESIDENTS AND VICE PRESIDENTS

(December 31, 1970)

FederalReserve

Bankor branch

Boston

New York . . .

Buffalo

Philadelphia.

Cleveland. . .

CincinnatiPittsburgh

Richmond. . .

Baltimore

Charlotte

PresidentFirst Vice President

Frank E. MorrisE. O. Latham

Alfred HayesWilliam F. Treiber

David P. EastburnDavid C. Melnicoff

(Temporarily vacant)W. H. MacDonald

Aubrey N. HeflinRobert P. Black

Vice Presidents

D. Harry AngneyLee J. AubreyR. W. EisenmengerDonald A. PelletierLaurence H. StoneJames T. TimberlakeParker B. Willis

David E. BodnerJohn J. ClarkeRichard A. DebsEdward G. GuyAlan R. HolmesRobert G. LinkEverett B. PostT. M. Timlen, Jr.

Daniel AquilinoAnsgar R. BergeLuther M. Hoyle, Jr.Maurice P. Shea, IIIJarvis M. Thayer, Jr.

5 Richard A. Walker

W. H. Braun, Jr.Charles A. CoombsPeter FousekMarcus A. HarrisJohn T. KeaneFred W. Piderit, Jr.Peter D. SternlightThomas O. Waage

Angus A. Maclnnes, Jr.

Edward A. AffJoseph R. CampbellNorman G. DashWilliam A. JamesL. C. Murdoch

George E. Booth, JrRoger R. ClouseR. Joseph GinnaneWilliam J. HocterHarry W. HuningClifford G. Miller

Hugh BarrieJoseph M. CaseRalph E. HaasG. William MetzJames V. Vergari

Paul BreidenbachElmer F. FricekW. H. HendricksJohn J. HoyFrederick S. Kelly

Fred O. KielClyde E. Harrell

John G. DeitrickWelford S. FarmerUpton S. MartinJohn L. NoskerJohn F. RandAubrey N. Snellings

J. G. Dicker son, Jr.William C. GloverArthur V. Myers, Jr.James ParthemosR. E. Sanders, Jr.William F. Upshaw

H. Lee Boatwright, IIIA. A. Stewart, Jr.Stuart P. FishburneJimmie R. Vlonhollon

312


1970


PRESIDENTS AND VICE PRESIDENTS—Cont.

FederalReserve

Bankor branch

Atlanta

Birming-ham

Jackson-ville

NashvilleNew

Orleans

Chicago

Detroit

St. Louis

LittleRock

LouisvilleMemphis

Minneapolis.

Helena


Monroe KimbrelKyle K. Fossum

Robert P. MayoErnest T. Baughman

Darryl R. FrancisDale M. Lewis

Hugh D. Galusha, Jr.M. H. Strothman, Jr.

Vice Presidents

Harry Brandt J. E. McCorveyW. M. Davis1 Robert P. ForrestalGeorge H. Gaffney Billy H. HargettRobert E. Moody, Jr. Brown R. RawlingsRichard A. Sanders R. M. StephensonCharles T. Taylor

Dan L. Hendley

E. C. RaineyJeffrey J. Wells

Arthur H. Kantner

Carl E. Bierbauer George W. CloosLeRoy A. Davis Elbert O. FultsA. M. Gustavson Edward A. HeathWard J. Larson James R. MorrisonRichard A. Moffatt R. M. ScheiderKarl A. Scheld Harry S. SchultzBruce L. Smyth Joseph J. SrpLynn A. Stiles Jack P. ThompsonAllen G. Wolkey

Daniel M. DoyleGordon W. Lamphere

Leonall C. Andersen Marvin L. BennettGerald T. Dunne W. W. GilmoreHomer Jones Jerry L. JordanStephen Koptis John W. MengesF. G. Russell, Jr. Harold E. UthoffHoward H. Weigel Joseph C. Wotawa

John F. BreenDonald L. HenryLaurence T. BrittEugene A. Leonard

Frederick J. Cramer Ralph J. DreitzlerL. W. Fernelius Lester G. GableRonald D. Graham Douglas R. HellwegJohn A. MacDonald David R. McDonaldClarence W. Nelson John P. OlinC. A. Van Nice R. W. Worcester

Howard L. Knous

1 Located in Miami.

313


1970



FederalReserve

Bankor branch

Kansas City.

DenverOklahoma

CityOmaha

Dallas

El PasoHoustonSan

Antonio

SanFrancisco..

LosAngeles

PortlandSalt Lake

CitySeattle


George H. ClayJohn T. Boysen

Philip E. ColdwellT. W. Plant

Eliot J. SwanA. B. Merritt

Vice Presidents

W. T. Billington Raymond J. DollJoseph R. Euans Carl F. GriswoldWayne W. Martin M. L. MotherseadRobert E. Thomas Clarence W. Tow

John W. Snider

Howard W. PritzGeorge C. Rankin

Robert H. Boykin James L. CauthenLeon W. Cowan Ralph T. GreenJames A. Parker W. M. PritchettTony J. Salvaggio Thomas R. SullivanE. W. Vorlop

Fredric W. ReedJ. L. Cook

Carl H. Moore

J. Howard Craven D. M. DavenportIrwin L. Jennings G. R. KellyE. J. Martens D. V. MastenRix Maurer, Jr. J. B. Williams

P. W. CavanW. G. DeVriesW. M. Brown

A. L. PriceW. R. Sandstrom

314


1970


CONFERENCE OF PRESIDENTSThe Presidents of the Federal Reserve Banks are organized into a Conference

of Presidents that meets from time to time to consider matters of commoninterest and to consult with and advise the Board of Governors. Mr. Hickman,President of the Federal Reserve Bank of Cleveland, and Mr. Galusha, Presi-dent of the Federal Reserve Bank of Minneapolis, were elected Chairman ofthe Conference and Vice Chairman, respectively, in March 1970. Mr. Hickmanserved as Chairman until his death on November 28, 1970. At the December14, 1970, meeting, Mr. Galusha and Mr. Francis, President of the FederalReserve Bank of St. Louis, were elected Chairman and Vice Chairman, respec-tively, for the remainder of the current Conference year and the forthcomingConference year, ending with the March 1972 meeting.

Mr. Lester M. Selby of the Federal Reserve Bank of Cleveland and Mr.Melvin L. Burstein of the Federal Reserve Bank of Minneapolis were appointedSecretary of the Conference and Assistant Secretary, respectively, in March1970. Mr. Selby served through the December 14, 1970, meeting. Mr. Bursteinand Mr. Joseph P. Garbarini of the Federal Reserve Bank of St. Louis wereappointed Secretary and Assistant Secretary, respectively, at the December 14,1970, meeting.

CONFERENCE OF FIRST VICE PRESIDENTS

In 1969 a Conference of First Vice Presidents was organized to meet fromtime to time, primarily for the consideration of operational matters. Mr.Helmer, First Vice President of the Federal Reserve Bank of Chicago, and Mr.MacDonald, First Vice President of the Federal Reserve Bank of Cleveland,were selected as Chairman of the Conference and Vice Chairman, respectively.Mr. Arthur G. Stone and Mr. Lester M. Selby were appointed Secretary of theConference and Assistant Secretary, respectively.

Effective March 11, 1970, Mr. MacDonald and Mr. Strothman, First VicePresident of the Federal Reserve Bank of Minneapolis, were elected Chairmanand First Vice Chairman of the Conference. Mr. Selby and Mr. Melvin L.Burstein were appointed Secretary and Assistant Secretary, respectively.

315


1970




BostonNew York..PhiladelphiaClevelandRichmond.AtlantaChicagoSt. LouisMinneapolisKansas CityD a l l a s . . . .San Francisco


James D. DuesenberryAlbert L. NickersonBayard L. EnglandAlbert G. ClayWilson H. ElkinsEdwin I. HatchEmerson G. HigdonFrederic M. PeirceDavid M.LillyRobert W. WagstaffChas. F. JonesO. Meredith Wilson

Deputy Chairman

Louis W. CabotRoswell L. GilpatriaD. Robert Yarnall, Jr.J. Ward KeenerRobert W. Lawson, Jr.John C. WilsonWilliam H. FranklinSam CooperBruce B. DaytonWillard D. Hosford,Jr.Philip G. HoffmanS. Alfred Halgren

CONFERENCE OF CHAIRMENThe Chairmen of the Federal Reserve Banks are organized into a Conference

of Chairmen that meets from time to time to consider matters of commoninterest and to consult with and advise the Board of Governors. Such a meet-ing, attended also by Deputy Chairmen of the Reserve Banks, was held inWashington on December 2-3, 1971.

Mr. Clay, Chairman of the Federal Reserve Bank of Cleveland, who waselected Chairman of the Conference and of its Executive Committee in Decem-ber 1970, served in that capacity until the close of the 1971 meeting. Mr.Nickerson, Chairman of the Federal Reserve Bank of New York, and Mr.Wilson, Chairman of the Federal Reserve Bank of San Francisco, served withMr. Clay as members of the Executive Committee; Mr. Nickerson also servedas Vice Chairman of the Conference.

On December 3, 1971, Mr. Wilson was elected Chairman of the Conferenceand of its Executive Committee to serve for the succeeding year; Mr. Lilly,Chairman of the Federal Reserve Bank of Minneapolis, was elected ViceChairman of the Conference and a member of the Executive Committee; andMr. Wagstaff, Chairman of the Federal Reserve Bank of Kansas City, waselected as the other member of the Executive Committee.

298


1971


DIRECTORSClass A and Class B directors are elected by the member banks of the district.

Class C directors are appointed by the Board of Governors of the Federal ReserveSystem.

The Class A directors are chosen as representatives of member banks and, asa matter of practice, are active officers of member banks. The Class B directorsmay not, under the law, be officers, directors, or employees of banks. At the timeof their election they must be actively engaged in their district in commerce, agri-culture, or some other industrial pursuit.

The Class C directors may not, under the law, be officers, directors, employees,or stockholders of banks. They are appointed by the Board of Governors as repre-sentatives not of any particular group or interest, but of the public interest as a whole.

Federal Reserve Bank branches have either five or seven directors, of whom amajority are appointed by the Board of Directors of the parent Federal ReserveBank, and the others are appointed by the Board of Governors of the FederalReserve System.

Termexpires

DIRECTORS District 1—BOSTON Dec 31

Class A:John Simmen Chairman of the Board and Chief Executive

Officer, Industrial National Bank of RhodeIsland, Providence, R.I 1971

William M. Honey President, The Martha's Vineyard NationalBank, Vineyard Haven, Mass 1972

Ralph A. Mclninch President, Merchants National Bank of Man-chester, N.H 1973

Class B:W. Gordon Robertson. .General Trustee, Bangor Punta Corporation,

Bangor, Maine 1971F. Ray Keyser, Jr Vice President, Vermont Marble Company,

Proctor, Vt 1972G. William Miller. President, Textron, Providence, R.I. 1973

Class C.-James S. Duesenberry... Professor of Economics,-Harvard University,

Cambridge, Mass. 1971Louis W. Cabot Chairman of the Board, Cabot Corporation,

Boston, Mass 1972John M. Fox President and Chief Executive Officer, H. P.

Hood & Sons, Charlestown, Mass 1973

299


1971

F.K. BANKS AND BRANCHES- Com.

DIRECTORS—Cont.

Class A:

C, E. Trernan, Jr . , . . , .

Arthur S. Hamlin

William S, Renchard..

Class B:

Mil ton C. Mumford . .

Maur ice R. Forman . .

( V a c a n c y * . . . . . . . . . . .

Class C:

Kt^wel ! f,. Giipatric. .

Alber t L. Nickerson . .

Alan J. Pifer. . . . . . . . .

District 2—NEW YORK

TermexpiresDec, 31

I*iv\UU:nt. Ioi««pk»ns C o u n t y Trus t C o m p a n y ,

Ith:tca, N / i , . . . . . . . . . . . . . . . . . . . . . . . . . 197!

President, I he Canandaigua N a t i o n a l B a n k and

I rust C o m p a n y , Canandaigua, N . Y , . . . . . . . 1972

i lutirman of the Board , Chemical Bank , N e w

York , N . Y . . 1973

t h<iirman of the Board , Lever Brothers

( ompany, New York , N . Y , . . . . . . . . . . . . . . . N?f

C h a i r m a n of the Board, B. Forman Co . ,

Rochester , N . Y . . . . . . . . . . . . . hJ?2

, 1973

. Par tner , Cravath, Swaine & Moore , At to rneys ,

BUFFALO BRAM !II

Appointed by Federal i?c',vrnv Hank:

James I. Wyckoff.. C hairman of" tlu: Bottrd, The National Bank

David J, L a u b . . . .

William B. Anderson.

Angelo A. Costanza

1971New York, N.Y,

, Former Chairman of the Board, Mobil Oil

Corporation, New York, N . Y . . . . . . . . . . . . . 1972

.President, Carnegie Corporation of New

York, N.Y. . . . . . . . . . . . . . . . . . . . 1973

1971iff Geneva. N.Y . . . . . . . . . . . . . . . . .

(t;:iirman of the Board, Marine Midland Bank-

Western, Buffalo, N.Y.. . . . 1972

President, The First National Bank of James-

town, N.Y.. 1973

President and Chief Executive Officer, Central

Trust Company, Rochester, N . Y . . . . . . . . . . . 1973

Appointed by Board of Governors:N o r m a n F . B e a c h , . . . . .Vice President and Genera l Manager , Kodak

Pa rk Division, E a s t m a n K o d a k C o m p a n y ,

Rochester , N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . 197!

M o r t o n A d a m s . . . . . . . General Manager , Pro-Fac Coopera t ive Inc.,Roches ter , N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

R u p e r t W a r r e n . . . . . . . . 1 'resident, Trice* Produc t s Corpora t ion , Buffalo,

N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

300


1971

DIRECTORS—Cont. t

Class A:Harol' •• v» • Jr. . . . .

William l'; - ;• by. . . .

Richard A. Herbster. .

Class B:

C. Graham Berwind, Jr.

Edward J. Dwyer.

Philip H. Glatfelter, III

Class C;

D. ROI-.M. N.'»;-..iall, Jr...

Bayard L. England

John R. Coleman.. . . . .

'-DELPHIA

TermexpiresDec. 31

tJ • > dent, Central Perm National Bank, Phila-' . M p h i a , P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 1

- "r.'.-rman of the Board , Pr ince ton B a n k and! : list C o m p a n y , Pr ince ton , N . J . . . . . . . . . . . . 1972

<• ' sclent, Lewistown Trus t Company, Lewis-

. ' vn , P a . . . . . 1973

President and Chief Executive Officer, Berwind

C o r p o r a t i o n , Phi ladelphia , P a , . . . . . ' >' 1

Chairman and Chief Executive Offic •Incorporated, Philadelphia, P a . . . . . . ; u '2

Chairman of the Board and Presidents I . nGlatfelter Co., Spring Grove, Pa. . , . " 3

.President, Yarway Corporation, Blue Bell,' P a , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

Former Chairman of the Board, Atlantic CityElectric Company, Atlantic City, N.J.. . . . . . 1972

President, Haverford College, Haverford, Pa,. . 1973

Dlsti • '• ''ELAND

Class A:George F. Karebt,

David L, Brumback.

Edward W. Barker. .

.Chairman of the Board and Chief ExecutiveOfficer, The Cleveland Trust Company,Cleveland, O h i o . . . . . . . . . . . . . . . . . . . . . . . . . 1971

/President, Van Wert National Bank, VanWert, Ohio. 1972

.President, First National Bank of Middletown,O h i o . . . . 1973

Class B:J.Wm. Henderson, Jr., . .Henderson & Associates, Columbus, Ohio. .R. Stanley Lalng.

John L, Gushman.

1971. President, The National Cash Register Com-

pany, Dayton, O h i o . . . . . . . . . . . . . . . . . . . . . 1972.Chairman, of the Board and Chief Executive

Officer, Anchor Hocking Corporation, Lan-caster, O h i o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

301


1971

expires>»M ,.u> < ,.., M i M r i r t .J»»-U i ' / E L A N D — C o n t . .Dec, 3!

H -I * i '. ^ { f . ' c r •'!,;•,."< , the Board and Chief Executive. )i'" '. ! }•' \V Inc.. Cleveland Ohio. „ , , 1971

1 . ;.;,.,.'»- .\u,î; us , ." . . . 1973

CINCINNATI BRANCH

Appointed by Federal Reserve Bank:R o b e r t B . J o h n s o n . . . . . P r e s i d e n t , P i k e v i l i e M a ; - . . > . » , M , • • • ' . ^ f r u s t

C o m p a n y , Pikevilie, K . . . . 1971

Paul W. Christensen, Jr..President, T h e Cincin>»'.t! C^;.{ «'.".»•..any,

Cincinnati, O h i o , . . . . . . 1972

R o b e r t E, H a l l . . . . . . . . .Pres ident , T h e Fi rs t N a ^ ^ n i âr.- -MM, i rust

C o m p a n y , Troy f Ohic . . . . . 1972

Wil l iam S. R o w e . . . . . . .President , T h e Fifth IT.,*.! H.-'̂ K 1 ••• -. .^lati,

O h i o . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Appointed by Board of Governors:Graham E. M a r x . . . . . . .Pres ident and Genera l Manage r , T h e G. A .

G r a y C o m p a n y , Cincinnat i , O h i o . . . . . . . . . . 1971

Phill ip R. S h r i v e r . . . . . . /President , M i a m i Universi ty, Oxford , O h i o , . . 1972

Clair F. V o u g h . . . . . . . . .Vice Pres ident , Office P roduc t s Divis ion,

I B M C o r p o r a t i o n , Lexington , K y . . . . . . . . . . 1973

PITTSBURGH BRANG H

Appointed by Federal Reserve Bank:Charles H. Bracken... , .President and Chief Executive Officer, Marine

National Bank, Erie, P a . . . . . . . . . . . . . . . . . . 1971Robinson F. B a r k e r . . . . Chairman of the Board and Chief Executive

Officer, PPG Industries, Inc., Pittsburgh,P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

John. W. B i n g h a m . . . . . . President, T h e Merchants and Manufacturers

National Bank of Sharon, Pa... . . . . . . . 1972Merle E. Gilliand........President and Chief Executive Officer, Pitts-

burgh National Bank, Pittsburgh, P a . . . . . . . . 1.973

302


1971

DIRECTORS -Cont. : r tc t 4 — C L E V E L A N D — O >••

TermexpiresDec, 31

PITTSBURGII BRANCH—Con 1:.

Appointed by Board of Governors:Richard M, Cyert /Dean, Graduate School of Industrial Adminis-

tration, Carnegie-Mellon University, Pitts-burgh, Pa,. 197!

Lawrence E. Walkley. . . President and Chief Executive Officer, West-inghouse Air Brake Company, Pittsburgh, Pa. 1972

Robert E. K irby . . . . . . . .President, Industry and Defense Company,Westinghouse Electric Corporation, Pitts-burgh, Pa. . . 1973

•National Bank, Kiln-

Executive Officer, ';<, Charleston, W. VMational Bank, We-'

Potomac Edison Co-• • d . . . . . . . . . . . . . . . .

Mills Incorporaicu,

ephone and Telegraph

.President, University of Maryland, CollegePark, Md. . . . . . . . . . . . . . . . . . . . .

Robert W. Lawson, Jr., .Managing Partner of Charleston. Office, Steptoe& Johnson, Attorneys at Law, Charleston,W. V a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Stuart Shumate President, Richmond, Fredericksburg andPotomac Railroad Company, Richmond, Va.

Hugh A

Thomas

Class B:Charl<-

Robert

H. Dail

Class C:

W i l s o n ,

I ' '.«' •/...• , J r .

,. C u r r y . . . . . . . .

P . M c L a c h l e n .

• k J •' -n . . . . . .

O . k J I l i C t i l . . . . . . .

H o l d e r n e s s . . . .

H. Elkins

; ' i - .

Company,

.President, L

. 1

1972

1973

1971

303


1971

ru.

Termexpires

DIRECTORS—Cont. I'htrict 5—RICHMOND—Cont. Dec. 3!

BALTIMORE BRANCH

Appointed by Federal Reserve Bank:Tilton H. D o b b i n . . . . . . President and C h a i r m a n of the Executive

Committee, Mary land Na t iona l Bank , Balti-more , M d . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

J. E . Chaffinch, J r . . . . . .Executive Vice President, T h e Denton NationalBank, Den ton , M d . . . . . . . . . . . . . . . . . . . . . . . 1972

James J, R o b i n s o n , . . . . .Executive Vice President, B a n k of Ripley,W. V a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

J. Stevenson P e c k . . . . . . P r e s i d e n t , U n i o n Trus t C o m p a n y of Mary land ,Bal t imore , M d . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Appointed by Board of Governors:James M, J a n - i s . . . . . . . . Chairman of the Board, Crane Construction

Company, Clarksburg, W. V a . . . . . . . . . . . . . 1971Arnold J. Kleff, Jr.. . . . . Former Manager, Baltimore Refinery, Ameri-

can Smelting and Refining Company, Balti-more, M d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ! 972

John H. Petting, J r . . . , . .President, A. H. Petting Company, Baltimore,M d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

CHARLOTTE BRANCH

Appointed by Federal Reserve Bank;L. D . Col t rane , I I I . . . . . President , The Concord Nat iona l Bank, Con -

cord , N . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971J. Willis Cantey. . . . . . . . C h a i r m a n and Chief Executive Officer, T h e

Citizens & Southern Na t iona l Bank of Sou thCarol ina , Co lumbia , S . C . . . . . . . . . . . . . . . . . . . 1972

C. C, C a m e r o n , . . . . . . . .Chairman of the Board and President, FirstU n i o n Nat iona l Bank of N o r t h Caro l ina ,Char lo t t e , N . C . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

H. Phelps Brooks , J r . . . . President , The Peoples Nat iona l Bank, Chester ,S . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Appointed by Board of Governors:J o h n L. F r a l e y . . . . . . . . . President, Carol ina Freight Carr iers C o r p o r a -

t ion, Cherryville, N . C . . . . . . . . . . . . . . . . . . . . 1971F, Craig Wall , S r , . . . . . .Chairman of the Board , Cana l Industries, Inc. ,

Conway, S.C., 1972Charles W. DeBell . . . . . .General Manager, North Carolina Works,

Western Electric Company, Inc., Winston-

304


1971

DIRECTORS -Cont. District 6—ATLANTA

TermexpiresDec. 31

Class A:

John W» Gay

William B. Mills. . .

A. L. Ellis .

Class B.-Owen Cooper.

P h i l i p J . L e e . . . . . . .

Hoskins A, Shadow.

. President, The First National Bank of Scotts-

boro, A l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971.President, The Florida National Bank, Jackson-

ville, F la . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

. Chairman of the Board, First National Bank,

Tarpon Springs, Fla. 1973

. President, Mississippi Chemical Corporat ion

and Coastal Chemical Corporation, Yazoo

City, Miss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

.Vice President, Tropicana Products, Inc.,T a m p a , F l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 2

.President, Tennessee Valley Nursery, Inc.,Winchester, Teen. 1973

i" ', wv I, Ha tch , . . .

-1 ; ,ans Farwell. , .

'. •'<;« C. Wilson, . , .

.President, Georgia Power Company, Atlanta,Ga.... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

.President, Milliken and Farwell, Inc., NewO r l e a n s , L a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 2

.President, Home-Wilson, Inc., Atlanta, Ga., . . 1973

B I R M I N , l i •. .< )*>! • < O H

Appointed by Federal Reserve .Bank:K. M. Varner, J r . . . . . . .President , T h e Firs t Na t iona l B a n k of Aubi»rs

A l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i ' M

Harvey Ter re l l . . . . . . . . . C h a i r m a n of the Board , T h e First NationalBank of Birmingham, A l a . . . . . . . . . . . . . . i J /.'

\VM!r«ee D . Malone, Jr.. .President and Chairman, of the Board , r! K.

First Na t i ona l Bank of Dothan, A l a . . . . . ••/,•*

• '* «.gan T a y l o r . . . . . . . C h a i r m a n of the Board , T h e Firs t Sta te Bunkof Oxford, A l a . . . . . . . . . . . . . . . . . . . . . . . < '• '

Appointed by Board of Governors:'A .-turn C. B a u e r . . . . . . . P r e s i d e n t , South Central Bell Telephone Com-

p a n y , B i r m i n g h a m , A l a , . . . . . . . . . . . . . . . . . . 1 9 7 1

r M.mley Robbins. .. . .President, National Floor Products Company,

305


1971

F H, H

DIRECTORS—Cont. fli^frki ft— Vll \ \ T V~~CoitL Dec, 31

JACKSONVILLE BRANCH

Appointed by Federal Reserve Bank:

Edward W. Lane, Jr.... .President, The Atlantic National Bank of

Jacksonville, F l a . . . . . . . . . . . . . . . . . . . . . . . . . 1971

James G. Richardson, . . Chairman of the Board and President, The

Commercial Bank and Trust Company of

Ocala,FIa. . . . . . . . . . . . . . . . . . . . . . . . . . . l u 7 2

Malcolm C. Brown. .» , .President and Chairman of the Board, F lo iuh

First Nat ional Bank at Brent, Pensact >i i

F l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . :'V73

A i'kw .-. Howel l . . . . . . .President, Marine Bank & Trust Company

Tampa, Fla. 1973

Appointed by Board of Governors:

Castle W. J o r d a n . . . . . . .President, AO Industries, Inc., Coral Gables,

F l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

Henry K. Stanford. . . . .President, University of Miami, Coral Gables,

F l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

Henry C r a g g . . . . . . . . . . . Vice President, The Coca-Cola Company Foods

Division, Winter Park, F l a . . . . . . . . . . . . . . . . 1973

NASHV1T ),!• m<ANGH

Appointed by Federal Reserve Bank :

Hugh M. W i l l s o n . . . . . . .President, Citizens National Hunk, Athens,

T e n n . . . . . . . . . . . . . . . . . . . . . . 1971

Edward C. Huffman, . . .Chai rman of the Board ami M« VSMMH, first

National Bank., Shelbyville h h*i, . . . 1972

Dan B. Andrews. . . . . . .President, First Nat ional H^n^,, {)«t-j..son,

Ten,n. . . . 1973

E d w a r d G . N e l s o n . . . . . . E x e c u t i v e V i c e P r e s i d e n t , C - - - u a •>:».• t ' a i o n

B a n k , N a s h v i l l e , T e n n . . r . . T . . . . . . . . . . . . . . . 1 9 7 3


E d w a r d J . B o l i n g . . . . . . . P r e s i d e n t , T h e U n i v e r s i t y o f T e n n e s s e e , K n o x -

v i l l e , T e n n , . . . . . . . . . . . . . . . . . . r . . . : . . . . . . 1 9 7 1

John C. Tune, J r . . . . . . . . Partner, Butler, McHugh , Butler , T u n e &

W a t t s , Attorneys-at-Law, Nashville, T e n n . . . 1972

J a m e s W. L o n g . . . . . . . . President , R o b e r t s o n C o u n t y F a r m Bureau ,

Springfield, T e n n . . f r . . . . . . ; . . . . T . r . . . . . . 1973

30-6


1971

DIR ECTORS- -Con t.

TermexpiresDec, 31

Appointed by Federal 1v v. Haining. .President , T h e First Na t iona l Bank of Vicks-

burg, M i s s . . . . . . . . . . . . . . . . . . . . . . . . . . 1971'•' V Heidelberg, J r . . . . . President, Pascagoula-Moss Point Bank , Pas-

cagoula, M i s s , . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

Tom A. F lanagan , J r . , . . President , Lakeside Nat iona l Bank of Lake

Charles , L a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Lawrence A. Merrigan. .President , T h e Bank of New Orleans and Trus t

C o m p a n y , New Or leans , L a , , . . . . . . . . . . . . . 1973

., 'Governors:Cal-Maine Foods, Inc., Jackson,

, -a Manager, Kleinpeter F**rm<; Dairv,) * t ton R o u g e , L a . . . . . . . . .

-''.. Dillard University, N <*- 4 .̂ i•; ̂ ,-

1971

Class A;Floyd F.

Edwai '

Melvi

Class B:

, Whit more.

5 < > . . . - S m i t l

* - ;;ard.

Joseph O. Waymire..

William

Howard

Class C:WilliamEmerson

H. Davidson

M. Packard.

H. Franklin.i G. Higdon,

John W, Baird.

. i National Bank,. . . . . . . . . . . . . . . . 1971

• •' e Northern Trust. . . . . . . . . . . . . . . . 1972

.-..k, Mattoon, 111.. . 1973

. Former Vice President for Finance and Treas-urer, EH Lilly Company, Indianapolis, l ed . . . 1971

.President, Harley-Davidson Motor Co., Inc.,Milwaukee, W i s . . . . . . . . . . . . . . . . . . . . . . . . . 1972

.Vice Chairman, S. C, Johnson & Son, Inc.,Racine, Wis... . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

. President, Caterpillar Tractor Co,, Peoria, III... 1971

. Pres iden t , T h e M a y t a g C o m p a n y , N e w t o n ,I o w a . . . . . . . . . . . . . . . ' . . . . . . . . . . . . . . . . . . . . 1972

. President, Baird Si Warner, Inc., Chicago, 111... 1973

30?


1971

DIRECTORS—Cont. D i s t r i c t 7 — C H I I 'Mil I—i o u t .

TermexpiresDec, 31

DETROIT liiLiXUii


B. P . Sherwood. J r . . . . . .President, Security First Bank & T rus t C o m -

pany, G r a n d Haven , M i c h . . . . . . . . . . . . . . . . 1971

George I . \ \ h > H President, Genesee Merchan ts Bank & Trus t

t \>mpany, Flint, M i c h , . . . . . . . . . . . . . . . . . . . 1972

R o l a n d A. Mew IKt-i Cha i rman , Manufacturers Na t iona l Bank of

i k t r o l t , M i c h , . . . . . . . . . . . , , . , , . , 1972

Ellis B. \toty> . . Cha i rman of the Board , Na t iona l Bank of

Detroi t , M i c h . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973


Peter B. C l a r k . . . . . . . . .Cha i rman of the Board and President , The

Evening News Associat ion, Det ro i t , Mich , . . 1971

W. M . Defoe . . . . . . . . . . C h a i r m a n of the Board, Defoe Shipbui lding

C o m p a n y , Bay City, M i c h , . . . . . . . . . . . . . . . H 7 >

L. W m . S e i d m a n . . . . . . . Resident Par tner , Seidman & Seidman, G r a n d

R a p i d s , M i c h . . . . . . . . . . . . . . . . . . . . . . . . . . . . j ' P *

Class A;

James P. Hickok

Cecil W. Cwpp, J r . . .

Bradford B r e t t . . . . .

Class B:

Sherwood J, Smith,

Edward J. Schnuck.

Fred I, Brown, Jr., .

Class C

u; M. Peirce..

S a m C o o p e r . . . . . . .

Harry M. Young, Jr.

District 8—ST. L O U I S

Hsuvtm. Hrsi National Bank in St. Louis,

\K». . . . . . . . . . . . . . . . . . . . . 1971

Ph>iJept. \r\ uiivi". B'ink & Trust Co<]>o;tn\,

H o i S p j i M L ' s . A « k . . . . . . . . . . . . . . L > ? 2

Ipi~k~>!'J.;jti. ! 'if I-J{ ,i W'tcional B a n k of Mcsicu.

M o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . W 3

Lhiun'tiini of the Board and Presider»i. D F

< on>p»jter Se rv ices , Inc . , Evansville, iiul . i l h ' l

< 11 J ••;.»».i i i of the Board , Schnuck Markef %. f i n . ,

lit i,.i -«;ion, M o , . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

IV* UM'H!. A rkansa s F o u n d r y C o m p a n y , Lit t le

K,».k. \ r k . . . . . . . . . . . . . . ' . . . . . . . . . . . . . . . . 1973

<.n.'HFu,.v-» \'i' the Board and Chief Executive

OHui-i , ' f<jaeral Amer ican Life Insu rance

\ Mt>vvi:, St. Louis , M o . . . . . . . . . . . . . . . . . . 1971

i ^ ' . n h i 1 H a m K o Produc ts , Division of

ki«!(%) Corpo ra t i on , \ I \ i i v l ' L T< ,MI ]Q7"

\ k t/t )•' f :111us, Herndo* , ^.'. i M ? ?

308


1971

H A N K S , \ ' V | j JU

expiresDIRECTORS—Cont. Districi K—Si. : i H r IN—< ant, Dec, 31

LIr» I ' f- v« H , f .RANCH

Appointed by Federal Ju , • *-.- r.ink:Louis E, Hurley. , , . C;: 'irman of the Board and Chief Executive

t .'.ficer, The Exchange Bank & Trust Com-j»-«ny, El Dorado, Ark. 1971

Ellis E. Shelton.. . . . IV- sclent, The First National Bank of Pay-.'ueville, Ark.. . . 1972

Wayne A. S tone. , . . t (<.:.»rman of the Board and Chief ExecutiveOfficer, Simmons First National Bank ofPine Bluff, Ark, 1972

Edward M. Penick.... . .President and Chief Executive Officer, WorthenBank & Tryst Company, Little Rock, Ark., . 1973

Appointed by Board of Governors:A l P o l l , I ' d . . . . . . . . . P r e s i d e n t , \» P o l l a r d & A s s o c i a t e s , L i t t l e

R o c k , A n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 1

J a k e r i a r t / . I r . . . . . . . . . . P r e s i d e n t , J a c o b H a r t z S e e d C o . , I n c . , S t u t t -

g a r t , A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 2

R o l a n t i R f V n i m e l . . . . . C h a i r m a n o f t h e B o a r d , S o u t h l a n d B u i l d i n g

P r o d u c t s C o , , L i t t l e R o c k , A r k . . . . . . . . . . . . 1 9 7 3

LOUISVILLE BRANCH

Appointed, by Federal Reserve Bank:Hugh JVL Shwab. . . . . . .Chairman of the Boards, First National Bank

of Louisville and. The Kentucky Trust Com-pany, Louisville, Ky. 1971

Paul C h a s e . . . . . , . . . , . .President , T h e Bedford N a t i o n a l Bank , B^.i-

f o r d , I n d . . , , , , . . . . . . . . . . . . . . . . . . . . . . . I 9 " ' 2H e r b e r t J. S m i t h . . . . . . . P r e s i d e n t , T h e A m e r i c a n N a t i o n a l B a n k A;

T r u s t C o m p a n y o f B o w l i n g G r e e n , K y , . . . . . 19 72

H a r o l d E , J a c k s o n . . . . . . P r e s i d e n t , T h e S c o t t C o u n t y S t a t e B a n k ,

S c o t t s b u r g , I n d . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 3

Appointed by Board of Governors:J o h n E , S h e e h a n . . . . . . . P r e s i d e n t a n d C h i e f E x e c u t i v e Of f i ce r , C o r h a r t

R e f r a c t o r i e s C o m p a n y , L o u i s v i l l e , K y . . . . . . 1971

J o h n G . B e a m . . . . . . . . . P r e s i d e n t , T h o m a s I n d u s t r i e s I n c . , L o u i s v i l l e ,

K y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 2

W i l l i a m H . S t r o u b e . . . . . A s s o s 1 . ."s ; < -\\ \ '>>:<•'. •<* S J , - K I !••' I \\x-

n o ' i ' i ^ . V * - *\ * i\ K • *.>,>,,!«,•> t is , n »>*. , \ U - \ \ r -

309


1971

A D

DIRECTORS—Cont. S r f ,1II I S — I ! •» ! ,

Termexpires

Appointed by Federal Jv \« ••"<

Wade W. Hollowell.

James R. Fitzhugh..

Wayne W. Pyeatt... i

J. J. White,,... .. . . :

A p p o i n t e . / r ^ '/«\< ' Y I o f (^>\<

C, Whi'ucv Hr* '\vn.. 1

William I (» ivs. . . I

Alvin Mil'h \u ? Jr.. I

'.v' itU :>', T h e Firs t National B a n k of Green-

u l k . M i s s . - . , , . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

U ^ . M I , ' , Vice President , B a n k of Ripley ,

h'!«:i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

i* *hk'»«t. Na t iona l B a n k of Commerce, Mern-r»h>,, f e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

f,' ?vi,-»:: Helena Na t i ona l Bank , HeieEa, Ark . 1973

u-siJv••«:, v< ( I ^ M , \ < <i»M«{M«ty, M e m p h i s ,

Ir-Mh. . . . . . . . . . . . 1 9 7 1

M'.isU'iii. M r f'.^j *''. Stub: U n i v e r s i t y , S t a t e

( o « k v i , M i ^ . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 2

f-. \uUi\i, H u f f m a n B r o t h e r s I n c o r p o r a t e d ,

B i y t h e v i l l e , A r k . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 3

District 9—MINNEAPOLIS

:im \ :G. A, Dab l en . . . . . . . . . .President, First N a t i o n a l B a n k of I r o e w o o d ,

M i c h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

J o h n B o s s h a r d . . . . . . . . . Executive Vice President , Fi rs t N a t i o n a l B a n k

o f B a n g o r , W i s . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 2

Philip H. N a s o n . . . . . . . .President, The First National Bank of St. Paul,M ? r r . . . . . . . . . . . . 1 9 7 3

J o h n H . B a i l e y . . . . . . . . l'n -.ul. ' i ' i i l',v, % : i>i v \ \ '.»i,^«-Mes, I n c . , E l kR i v e r , i V i m n , . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 1

i )j\n\ M H e s k e t t . . . . . . P r e s i d e n t , M o n t a n a - D a k o t a U t i l i t i e s C o . , B i s -

m a r c k , N . D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 2

D a l e v A a d e r s e n . . . . . . P r e s i d e n t , M i t c h e l l P a c k i n g C o m p a n y , I n c . ,M i t c h e l l , S . D . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 3

t U-r,

i j i u w e B . D a y t o n . . . . . . . C h a i r m a n o f t h e B o a r d , D a y t o n H u d s o nC o r p o r a t i o n , M i n n e a p o l i s , M i n e . . . . . . . . ? "<7!

David M . L i l l y . . . . . . . . . C h a i r m a n of the Board, The Toro Compauv,M i n n e a p o l i s , M i e n . . . . . . . . . . . . . . . . . . . . . I v V

Ml)


1971

DIRECTORS—Com, i§—Cont.

TermexpiresDec. SI

HELENA BRANCH

Appointed by Federal Reserve Bank ;R i c h a r d D . R u b l e . . . . . . P r e s i d e n t , M i s s o u l a B a . - • >r ' ' < • • ' . • , • M i s -

soula, M o n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

E. Lowry K u n k e l . . . . . . . President , First Na t iona l Bank, Butte, M o n t . , . 1972

R o b e r t I. Penner. . . . . . .President , Citizens First Na t i ona l Bank , WolfPoint , M o n t . . , . , 1972

Appointed by Board of Governors:William A. Cordingley. .Publisher, Great Falls Tribune, Great Fails,

M o n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

Warren. B. Jones . . . . . . .Secretary-Treasurer , T w o D o t L a n d a n d Live-

stock C o m p a n y , Harlowton, M o n t . . . . . . . . . 1972

Class A.-J o h n A , O ' L e a r y . . . .

Roger I). Knight, Jr.

•-<• ?se Miller.

Class B:

S t a n l e y L e a r n e d . . . . .

C e c i l O , E m r i c h . . . . .

A ' ! ' 1 ^ . 1 s f o r d a n . . . .

C l a 'p,»;,,<;• \y Wagstaff.

N . ^ f '<<«-.'* * '.«-;AS C I T Y

' :« ,'rman of the Board, The Peoples State

Bank, Luray, K a n . . . . . . . . . . . . . . . . . . . . . . . 1971

. . President, 'United Banks of Colorado , Inc.,Denver, C o l o . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

Chairman of the Board and President, The

Farmers and Merchants State Bank, Colby,

K a n . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \ 1973

. .Consultant , Phillips Petroleum Company, Bar-

tlesville, G k i a , . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971. .President, C. O. Emrlch Enterprises, Norfolk,

Nebr . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

. .Vice President, Trans World Airlines, Inc.,

Kansas City, M o , . . . . . . . . . . . . . . . . . . . . . . . 1973

. C h a i r m a n of t he Board and Pres ident , T h e

Coca-Cola Bot t l ing C o m p a n y of Mid-America, Inc . , Kansa s City, M o . . . . . . . . . . . 1971

Willard D . Hosford, Jr. \ <•• • ;<; detent and Genera l M a n a g e r , J o h n


1971

i '.k HANKS AXl'i ttf* . \ M ,i M'>

Termexpires

DiRECTORS-Cont. District 10—K WSAS CITY—Cont. Der . i l

DENVER BRANCH

Appointed by Federal Reserve Bank :Armln B, Barney, . . . . . .Chairman of the Board, The Colorado S p r i n t

National Bank, Colorado Springs, Colo., * •)? 1Robert L. T r i p p . . . . . . . .President, Albuquerque National Bank, Albu-

querque, N. M e x . . . . . . . . . . . . . . . . . . . . . 1972Dale R. H i n m a n . . . . . . .President, The Greeley National Bank, Greeic;.

Colo.. \-)ll

Appointed by Board of Governors:Cris D o b b i n s , . . . . . . . . . F o r m e r C h a i r m a n of the Board , Ideal Basic

Indust r ies , Inc. , Denver , C o l o . . . . . . . . . . . . . 1971

Dav id R . C. B r o w n , . , . .President , T h e Aspen Skiing C o r p o r a t i o n ,

Aspen, C o l o . . , , . . . . . . . . . . . . . . . . . . . . . . . . . 1972


Appointed by Federal Reserve Bank:W. H. M c D o n a l d . . . . . . Chairman of the Executive Committee, The

First National Bank and Trust Company ofOklahoma City, Okia. . . . , . . . . . . . . 1971

Marvin Millard. . . . . . . .Chairman, of the Board, National Bank ofTulsa, Okla.. 1972

Hugh C. Jones. . . . . . . . .Executive Vice President, The Bank of Wood-ward, O k l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

A pointed by Board of 6i;« t mot y ;

C. W. Flint, Jr.. . . . ( hiurman of the Board, Flint Steel Corpora-turn, Tulsa, O k l a . . . . . . . . . . . . . . . . . . . . . . . . . 1971

Florin W. Zaloudek. . . .Manager, J. I. Case Implements, Kremlin,Okia.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . W'l

OMAHA BRANCH

Appointed by Federal Reserve Bank:J o h n W , H a y , J r . . . . . . . . President , R o c k Springs Na t iona l Bank, R o c k

Springs, W y o . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

S, N , W o l b a c h . . . . . . . . . President , T h e First Na t i ona l Bank of G r a n d

Is land, N e b r . . . . . . . . . . . . . . . . . . . . . . . . . . . . 197!

E d w a i i t W I v i i i a n i ' j v - . . i d e n t , T h e ; n . n • M . i i f . \ - n «i» *• H , « » . \ u f


1971

Termexpires

DIRECTORS—com. District 10 K'^SAS CITY—Cont. Dec. 31

OM * a '• -«Ji \NCH—Cont.

Appointed by Board of Governors:A, James Ebel , . . , . , , . .Vice President and General Manager, Corn-

husker fVirMs-iw; Corporation, Lincoln,Nebr . . . . . . . . . . . . . . . . . . . . . . . 1971

Henry Y. Kieinkauf. . . .President, N >4>»r -v •" o.npany, Omaha, Nebr . . 1972

District 11—DALLAS

Class A:A. W. Riter, J r . . . . . . . . . President, The Peoples Nat ional Bank of

Tyler, T e x , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.971Murray K . y g e r . . . . . . . . . Chairman of the Executi¥e Committee, The

First National Bank of For t Wor th , Tex. . . . 1972J. V. K e l l y . . . . . . . . . . . . . President, The Peoples Nat ional Bank of

Belton, T e x , . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Class B:H u g h F . S t e e n . . . . . . . . "!*• d e n t . E l P a s o N a t u r a l G a s C o m p a n y ,

r > P a s o , T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 1C -1, *'-»Mjm, J r . . . . . . . >'•' >.dent a n d C h i e f E x e c u t i v e Of f i ce r , T e x a s

\ ' i l i t ies C o m p a n y , D a l l a s , T e x . . . . . . . . . u > " 2C " '"l • n e w t o n . . . . . . . % ' ." ' . ' i rman o f t h e B o a r d , F o x - S t a n l e y Ph<>i<»

P r o d u c t s , I n c . , San . A n t o n i o , T e x . . . . . . . i ' . - 7 !

CIH^ > t o n e s . . . . . . . . . V i c e C h a i r m a n o f t h e B o a r d , H u m b l e O i l ,'<•R e i n i n g C o m p a n y , H o u s t o n , T e x . . . . . . . . ! ' ' ? I

P h i i i | / O . H o f f m a n . . . . . . P r e s i d e n t , U n i v e r s i t y o f H o u s t o n , T e x . . . . . . . . ID72J o h n L a w r e n c e . . . . . . . . . C h a i r m a n o f t h e B o a r d , D r e s s e r I n d u s t r i e s ,

I n c . , D a l l a s , T e x . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 3

EL PASO BRANCH

Appointed by Federal Reserve Bank:Joe B. Sisler. . . . . . . . . . .Pres ident , T h e Clevis Na t iona l Bank , Clovis,

N . M e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971Archie B, S c o t t . . . . . . . . . P r e s i d e n t , T h e Security Sta te B a n k of Pecos ,

T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

S a m D . Young , J r . . . . . .President , El Paso N a t i o n a l Bank , Ei Pn>c.T e x , . . . . . . . . . . . . . . . . . . . . . . . . . . . . - / .'2

Cui iee J. K e l l y . . . . . . . . .President , T h e First Na t iona l B a n k of MidJ.uvi.

T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i^n


1971

DIRECTORS—Cont. • \ }''$.'' \ S

TermexpiresDec, 31


Joseph. M. R a y . . . . . . . . .Benedict Professor of Political Science, The

University of Texas at El Paso, T e x . . . . . . . . 1971Allan B. B o w m a n . . . . . . President and General Manager, Banner Mining

Company, Tucson, A r i z . . . . . . . . . . . . . . . . . . 1972

Herbert M. Schwartz. . .President, Popular Dry Goods Co. , Inc.,

El Paso, T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

HOUSTON BRANCH

Appt>Ui! '..* J'\ federal Reserve Bank:

Bt-nn \\ Clay, . . . . . . . .President, First Bank & Trust, Bryan, Tex..... 1971

V ( » rS"»< c i i e l l . . . . . .

J<.)u; ». V v h i t m o r e . . . .

K l i n e M c G e e . . . . . . . .

Appointed by Board of f"f >

E. M. Buckley,

Geo. T, Morse, Jr...

M. Steele Wright, Jr

.Chairman of the Board and President, The

First National Bank of Port Arthur, Tex,. . . 1972

. Cha i rman of the Board, Texas Commerce Bank

Nat ional Association, Hous ton , T e x . , , , . , . . 1972

.Chairman of the Board, Southern Nat iona l

Bank of Hous ton , T e x . . . . . . . . . . . . . . . . . . . . 1973

!i>'*,jdent and Director, Eastex Incorporated,

V s b e e , Tex. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

•, i. Chairman of the Board and Chief Oper-

.ii: ng Officer, Peden Industries, l a c , Houston,

'i- K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

i«,{ rnian of the Board, Texas F a r m Products

Company, Nacogdoches, T e x . . . . . . . . . . . . . . 1973

Appointed by Federal 3;<

James T. Denton, Jr

Tom C, Frost, Jr,. .

W, O. Roberson . . .

Ray M. Keck, Jr....

SAN ANTONIO BRANCH

n -nk:

ir . irman of the Board and Chief ExecutiYe

'J'Scer, Corpus Christi Bank and Trust,

i \ >rpus Christi, T e x . . . . . . . . . . . . . . . . . . . . . .

: \ riiiae of the Board, The Frost National

B 4iik of San Antonio, T e x . . . . . . . . . . . . . . . .

j . --dent, First National Bank at Brownsville,

Union National Bank of Laredo,

Tex. .

1971

1972

1972

1973


1971

DIRECTORS—Cont. Distric

TermexpiresDec, 31

SAM A .

Appointed by Board of Governors:Francis B. May. . . .

W. A. Belcher. . . . . .Irving A, Mathews.

. , Professor of Business Statistics, The Universityof Texas, Austin, T e x , . . . . . . . . . . . . . . . . . . . . 1971

, , Veterinarian, and Rancher, Brackettville, Tex.., 1972. .Chairman of the Board and Chief Executive

Officer, Frost Bros., Inc., San Antonio, Tex.. 1973

Class A:Ralph V. Arnold.

Carroll F. Byrd.

Ralph J. Voss...

1 ! • • . : . ! Chief E«.^ , x LL>L . u U v i ^ ^^Jc and Tro

• )ntar io , C a l i f . , , , . . . . , . . . . . .--"A o f t h e B o a r d a n d Pres ide

national Bank of Willows, Cal. First National Bank of <

M - f d , O r e g . . . . . . . . . . . . . . . . . . .

''!••>•; i ! *. 'Qstrong. \ • i ." • , S t a n d a r d Oil Company of Cali-

;- - }*r * S a n F r a n c i s c o , C a l i f . . . . . . . . . . . . . . . 1 9 7 1

•>• ' ; '• ' '• ' •• - . a t t . . . . . i ! • • . • < - C h a i r m a n o f t h e B o a r d , T h e E l m c o

. . ' . , * . a t i o n , S a l t L a k e C i t y , U t a h , . . . . . . . . 1 9 7 2

Marron Kendrick. . . . . !*-.••,*'<: a n d Chairman of t he B o a r d , SchlageL o c k C o m p a n y , S a n F r a n c i s c o , C a l i f . . . . . . . 1 9 7 3

Class C.-Bernard T. Rocca, Jr.,

S. Alfred Halgren

O. Meredith Wilson. .

. Director and Consultant, Paciic Vegetable OilCorporation, San Francisco, C a l i f . . . . . . . . . 1971

.Senior %FIee President and Director, Carnation.Company, Los Angeles, C a l i f , . . . . . . . . . . . . . 1972

.President and Director, Center for AdvancedSteely in the Behavioral Sciences, Stanford,C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973


1971

K.K. Vf,\ShS AM)

Termexpires

DIRECTORS—Com. District 12—SAN FRANCIS^ >~-Out. Dec. 3!

LOS AMGELES BRANCH

Appointed by Fedeml Reserve Bank:Sherman Hazeltine , , Chairman of the Board and Chief Executive

Officer, First National Bank of Arizona,Phoenix, A r i z . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

Carl E. Schroeck-r President, The First National Bank of OrangeCounty, Orange, C a l i f . . . . . . . . . . . . . . . . . . . . 1972

Linus E, Southwiek. President, Valley National Bank, Giendale,C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Carl E, Hartnack. President, Security Pacific National Bank, LosAngeles, C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

>lf'pointed by Board of Governors:} , Ltiland A t w o o d , . . . . .Senior Consu l tan t , N o r t h Amer ican Rockwel l

Corpo ra t i on , Los Angeles, C a l i f . . . . . . . . . . . 1971Lcland D . P r a t t . . . . . . . .President , Kelco C o m p a n y , San Diego , Calif, . , 1972E d w a r d A. S l o a n . . . . . . .President , Sloan 's D r y ' C l e a n e r s , Los Angeles ,

Calif. . . . . 1973

PORTLAND BMANCB

Appointed by Federal M( serve Bank:L e R o y B. S taver . . . C h a i r m a n of the B o a r d and Chief Executive

<Officer, Uni ted States N a t i o n a l Bank ofOregon , Por t l and , O r e g . . . . . . . . . . . . . . . . . . . 1971

James H . S t a n a r d . . . . . . Vice President , First N a t i o n a l B a n k of M c M i n n -ville, O r e g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

F r a n k L. S e r v o s s . . . . . . . President , Cra ter N a t i o n a l Bank of Medford ,O r e g . . ' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' 1972

Appointed by Board of Governors:F r a n k A n d e r s o n . , , Fa rmer , Heppner , O r e g . . . . . . . . . . . . . . . . . . . . . 1971J o h n R . H o w a r d . . . . . . .President , Lewis and Cla rk College, Por t l and ,

O r e g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972


Appointed by Federal Reserve Bank:W i l l i a m E , I r v i n . . . . . . . . F o r m e r C h a i r m a n o f t h e B o a r d , T h e I d a h o

F i r s t N a t i o n a l B a n k , B o i s e , I d a h o . . . , . . , . . 1971R o d e r i c k H . B r o w n i n g , . P r e s i d e n t , B a n k o f U t a h , O g d e n , U t a h , . . , . , . 1972R o y W . S i m m o n s . . . . . . P r e s i d e n t , Z i o n s F i r s t N a t i o n a l B a n k , S a l t L a k e

C i t y , U t a h . . . . . . , . . , , . , , , . . 1 9 7 2

316


1971

FM, HANKS A;\T!.I BH4NCHHS- • 4 ,'om.

DIRECTORS—Cont. District 12—SAN FRANCISCO—Cont.

Terraexp/resDec. 3!

SALT LAKE CITY BRANCH—Cont.


Royden G. Der r i ck . . . . . President and General Manager, Western Steel

Company, Salt Lake City, U t a h . . . . . . . . . . . 1971

John, H. Breckenriclge.. .President, L. L. Breckenridge Company, TwinFalls, Idaho. . . 1972

SEATTLE BRANCH


Joseph C. Baillargeon . . . C h a i r m a n of the Board and Chief ExecutiveOfficer, Seatt le T rus t & Savings B a n k ,Seattle, W a s h . . . . . . . . . . . . . . . . . . . . . . . . . . . 1971

A. E. S a u n d e r s . . . . . . . . .Vice C h a i r m a n of the Board , Puget Sound.N a t i o n a l Bank , T a c o m a , W a s h , . . . . . . . . . . . 1972

Philip H. S t a n t o n . . . . . . .President , Wash ing ton Trus t Bank , Spokane ,

W a s h , , . , , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

Appointed by Board of Governors:Francis G. C r a n e , . . . . . .Manage r , C r a n e and C r a n e O r c h a r d s a n d Cold

Storage, Brewster, W a s h , . . . . . . . . . . . . . . . . . 1971C. Henry Bacon , J r . , . . .Vice Chairman of the Board , S impson T i m b e r

C o m p a n y , Seatt le, W a s h . . . . . . . . . . . . . . . . . . 1972


1971


PRESIDENTS AND VICE PRESIDENTS(December 31,1971)

FederalReserve

Bankor branch

Boston

New York . . .

Buffalo

Philadelphia.

Cleveland. . .

Cincinnati

Pittsburgh

Richmond. . .




David P. EastburnMark H. Willes

Willis J. WinnW. H. MacDonald

Aubrey N. HefiinRobert P. Black

Vice Presidents

D. Harry AngneyLee J. AubreyNorman T. ByrnesLuther M. Hoyle, Jr.Donald A. PelletierLaurence H. Stone

Daniel AquilinoAnsgar R. BergeR. W. EisenmengerNiels O. LarsenMaurice P. Shea, IIIJ. M. Thayer, Jr.

James T. Timberlake Richard A". WalkerParker B. Willis

David E. BodnerJohn J. ClarkeRichard A. DebsEdward G. GuyAlan R. HolmesRobert G. LinkEverett B. PostT. M. Timlen, Jr.

W. H. Braun, Jr.Charles A. CoombsPeter FousekMarcus A. HarrisJohn T. KeaneFred W. Piderit, Jr.Peter D. SternlightThomas O. Waage


Edward A. AffEdward G. BoehneJoseph M. CaseRalph E. HaasA. A. KudelichL. C. Murdoch, Jr.James V. Vergari

George E. Booth, Jr.Roger R. ClouseR. Joseph GinnaneWilliam J. HocterHarry W. HuningClifford G. Miller

Hugh BarrieJoseph R. CampbellNorman G. DashWilliam A. JamesG. William MetzKenneth M. Snader

Paul BreidenbachElmer F. FricekW. H. HendricksJohn J. HoyFrederick S. Kelly

Robert D. DugganFred O. KielJames H. CampbellCharles E. Houpt

Clifford B. BeaversWelford S. FarmerWilliam C. GloverJohn L. NoskerJohn F. RandAubrey N. Snellings

John G. DeitrickH. Ernest FordArthur V. Myers, Jr.James ParthemosR. E. Sanders, Jr.William F. Upshaw

318


1971



FederalReserveBank

or branch

Richmond—Cont.

Baltimore

Charlotte

Culpeper1

Atlanta

Birming-ham

Jackson-ville

Miami1

NashvilleNew

OrleansChicago

Detroit

St. Louis

lviiiieRock

LouisvilleMemphis




Darryl R. FrancisEugene A. Leonard

Vice Presidents

H. Lee Boatwright, IIIA. A. Stewart, Jr.Stuart P. FishburneJimmie R. MonhollonJ. Gordon Dickerson, Jr.

Harry Brandt Robert P. ForrestalGeorge H. Gaffney Billy H. HargettJ. E. McCorvey R. E. Moody, Jr.Brown R. Rawlings Richard A. SandersR. M. Stephenson Charles T. Taylor

Dan L. Hendley

Edward C. RaineyW. M. DavisJeffrey J. Wells

Arthur H. Kantner

Carl E. Bierbauer George W. CloosLeRoy A. Davis Elbert O. FultsVictor A. Hansen Edward A. HeathWard J. Larson R. A. MoffattJames R. Morrison R. M. ScheiderKarl A. Scheld Harry S. SchultzBruce L. Smyth Lynn A. StilesJack P. Thompson Allen G. Wolkey

William C. ConradDaniel M. DoyleRonald L. Zile

Leonall C. Andersen Gerald T. DunneJoseph P. Garbarini W. W. GilmoreJerry L. Jordan John W. MengesD. W. Moriarty, Jr. F. G. Russell, Jr.Charles E. Silva Harold E. UthoffHoward H. Weigel Joseph C. Wotawa

John F. BreenDonald L. HenryL. Terry Britt

1 Not considered a branch.

319


1971


PRESIDENTS AND VICE PRESIDENTS—Gont.

FederalReserveBank

or branch

Minneapolis .

Helena

Kansas City.

DenverOklahoma

CityOmaha

Dallas

El PasoHoustonSan

Antonio

SanFrancisco..

LosAngeles

PortlandSalt Lake

CitySeattle


Bruce K. MacLauryM. H. Strothman, Jr.



Eliot J. SwanA. B. Merritt

Vice Presidents

Frederick J. CramerL. W. FerneliusRoland D. GrahamJohn A. MacDonaldClarence W. NelsonC. A. Van Nice

Howard L.

W. T. BillingtonJoseph R. EuansJ. David HamiltonM. L. MotherseadClarence W. Tow

George C. 1

Howard W

Ralph J. DreitzlerLester G. GableDouglas R. HellwegDavid R. McDonaldJohn P. OlinR. W. Worcester

Knous

Raymond J. DollRoger GuffeyWayne W. MartinRobert E. Thomas

Rankin

Pritz(Temporarily vacant)

Robert H. BoykinLeon W. CowanLarry D. HigginsW. M. PritchettT. R. Sullivan

Fredric W.J. L. Cook

James L. CauthenRalph T. GreenJames A. ParkerTony J. SalvaggioE. W. Vorlop

Reed

Carl H. Moore

J. Howard CravenH. B. JamisonD. V. MastenLouis E. ReillyJ. B. Williams

D. M. DavenportG. R. KellyRix Maurer, Jr.R. G. Retallick



320


1971

F.R. BANKS AND BRANCHES—Gont.

CONFERENCE OF PRESIDENTSThe Presidents of the Federal Reserve Banks are organized into a Confer-

ence of Presidents that meets from time to time to consider matters of commoninterest and to consult with and advise the Board of Governors. At the Decem-ber 14, 1970, meeting, Mr. Galusha, President of the Federal Reserve Bank ofMinneapolis, and Mr. Francis, President of the Federal Reserve Bank of St.Louis, were elected Chairman and Vice Chairman, respectively, for the re-mainder of that Conference year and the forthcoming Conference year, endingwith the March 1972 meeting. Mr. Galusha served as Chairman until his deathon January 31, 1971. At a meeting on February 9, 1971, the Conference electedMr. Francis and Mr. Kimbrel (President of the Federal Reserve Bank ofAtlanta) Chairman and Vice Chairman, respectively, for the remainder of theyear, and for the forthcoming Conference year, ending with the March 1972meeting.

Mr. Melvin L. Burstein of the Federal Reserve Bank of Minneapolis andMr. Joseph P. Garbarini of the Federal Reserve Bank of St. Louis were ap-pointed Secretary of the Conference and Assistant Secretary, respectively, inDecember 1970. At the February and March 1971 meetings, Mr. Garbariniand Mr. H. Terry Smith of the Federal Reserve Bank of Atlanta, were ap-pointed Secretary and Assistant Secretary, respectively.

CONFERENCE OF FIRST VICE PRESIDENTSIn 1969 a Conference of First Vice Presidents was organized to meet from

time to time, primarily for the consideration of operational matters. EffectiveMarch 11, 1970, Mr. MacDonald, First Vice President of the Federal ReserveBank of Cleveland, and Mr. Strothman, First Vice President of the FederalReserve Bank of Minneapolis, were elected as Chairman of the Conferenceand Vice Chairman, respectively. Mr. Lester M. Selby and Mr. Melvin L.Burstein were appointed Secretary and Assistant Secretary, respectively.

Effective March 1, 1971, Mr. Lewis, First Vice President of the FederalReserve Bank of St. Louis, and Mr. Fossum, First Vice President of the FederalReserve Bank of Atlanta, were elected Chairman and Vice Chairman of theConference. Mr. Joseph P. Garbarini and Mr. H. Terry Smith were appointedSecretary and Assistant Secretary, respectively. On August 3, 1971, Mr.Leonard, First Vice President of the Federal Reserve Bank of St. Louis, waselected Chairman to succeed Mr. Lewis, who retired on July 31, 1971.

321


1971

FEDERAL RESERVE BANKS ANDBRANCHES

(December 31, 1972)





James S. DuesenberryRoswell L. GilpatricBayard L. EnglandAlbert G. ClayRobert W. Lawson, Jr.John C. WilsonEmerson G. HigdonFrederic M. PeirceDavid M. LillyRobert W. WagstaffChas. F. JonesO. Meredith Wilson

DeputyChairman

Louis W. CabotEllison L. HazardJohn R. ColemanJ. Ward KeenerStuart ShumateH. G. PattilloWilliam H. FranklinSam CooperBruce B. DaytonWillard D. Hosford, Jr.Philip G. HoffmanS. Alfred Halgren

CONFERENCE OF CHAIRMENThe Chairmen of the Federal Reserve Banks are organized into a Con-

ference of Chairmen that meets from time to time to consider matters ofcommon interest and to consult with and advise the Board of Governors.Such a meeting, attended also by Deputy Chairmen of the Reserve Banks, washeld in Washington on November 30 and December 1, 1972.

Dr. Wilson, Chairman of the Federal Reserve Bank of San Francisco, whowas elected Chairman of the Conference and of its Executive Committee inDecember 1971, served in that capacity until the close of the 1972 meeting.Mr. Lilly, Chairman of the Federal Reserve Bank of Minneapolis, and Mr.Wagstaff, Chairman of the Federal Reserve Bank of Kansas City, served withDr. Wilson as members of the Executive Committee; Mr. Lilly also served asVice Chairman of the Conference.

On December 1, 1972, Mr. Lilly was elected Chairman of the Conferenceand of its Executive Committee to serve for the succeeding year; Mr. Wagstaffwas elected Vice Chairman of the Conference and a member of the ExecutiveCommittee; and Mr. Wilson, Chairman of the Federal Reserve Bank ofAtlanta, was elected as the other member of the Executive Committee.

286


1972

F.R. BANKS AND BRANCHES—Continued

DIRECTORS

Class A and Class B directors are elected by the member banks of thedistrict. Class C directors are appointed by the Board of Governors of theFederal Reserve System.

The Class A directors are chosen as representatives of member banks and,as a matter of practice, are active officers of member banks. The Class Bdirectors may not, under the law, be officers, directors, or employees of banks.At the time of their election they must be actively engaged in their districtin commerce, agriculture, or some other industrial pursuit.

The Class C directors may not, under the law, be officers, directors, em-ployees, or stockholders of banks. They are appointed by the Board ofGovernors as representatives not of any particular group or interest, but ofthe public interest as a whole.

Federal Reserve Bank branches have either five or seven directors, ofwhom a majority are appointed by the Board of Directors of the parentFederal Reserve Bank, and the others are appointed by the Board of Gov-ernors of the Federal Reserve System.

Termexpires


Class A:William M. Honey President, The Martha's Vineyard National

Bank, Vineyard Haven, Mass 1972Ralph A. Mclninch President, Merchants National Bank of Man-

chester, N.H 1973Mark C. Wheeler President, New England Merchants National

Bank, Boston, Mass 1974

Class B:F. Ray Keyser, Jr Vice President, Vermont Marble Company,

Proctor, Vt 1972G. William Miller President, Textron, Providence, R.I 1973W. Gordon Robertson. .General Trustee, Bangor, Maine 1974

Class C.-Louis W. Cabot Chairman of the Board, Cabot Corporation,

Boston, Mass 1972John M. Fox President and Chief Executive Officer, H. P.

Hood & Sons, Charlestown, Mass 1973James S. Duesenberry.. .Professor of Economics, Harvard University,

Cambridge, Mass 1974

287


1972

F.E. BANES AND BRANCHES—Continued

Termexpires

DIRECTORS—Continued District 2—MEW YORK Dee. 31

Class A:Arthur S. Hamlin. . . . . .President,The Canandaigua National Bank and

Trust Company, Canandaigua, N. Y . . . . . . . . . 1972William S. Renchard.. . .Chairman of the Board, Chemical Bank, New

York, N.Y. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Norman Brassier. . . . . . . C h a i r m a n of the Board and Chief Executive

Officer, New Jersey Bank, NLA., Passaic,N . J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Class B:Maurice R. Forman. . . .Chairman of the Board, B. Forman Co.,

Rochester, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . 1972Maurice F. Granville.. . .Chairman of the Board, Texaco, Inc., New

York, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Frank R. Mil l iken. . . . . .President, Kennecott Copper Corporation,

New York, N . Y , . . . . . . . . . . . . . . . . . . . . . . . . 1974

Class C:Ellison L, Hazard. . . . . .Chairman of the Executive Committee, Con-

tinental Can Company, Inc., New York,N . Y . . . . . . . . . . . . . . . . . " . . . . . . . . . . . . . . . . . 1972

Alan J. Pifer. . President, Carnegie Corporation of New York,N.Y. 1973

Roswell L. Gilpatric. , . .Partner, Cravath, Swaine & Moore, Attorneys,New York, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . 1974

BUFFALO BRAN€Ii

Appointed hy Federal Reserve Bank:David J. Laub. . . . . . . .Chairman of the Board, Marine Midland Bank-

Western, Buffalo, N . Y , . . . . . . . . . . . . . . . . . . . 1972William B.Anderson. . . .President, The First National Bank of James-

town, N.Y.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Angel© A. Costanza. . , .President and Chief Executive Officer, Central

Trust Company, Rochester, N . Y . . . . . . . . . . . 1973Theodore M. McClure.. President, The Citizens National Bank and

Tryst Company, Wellsvillc, N . Y . . . . . . . . . . . 1974

Appointed hy Board of Governors:Morton Adams. . . . . . . .President, Curtice-Burns, Inc., Rochester, N.Y, 1972Rupert W a r r e n . . . . . . . . . President, Trico Products Corporation, Buffalo,

N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Norman F. Beach. . . . . .Vice President and General Manager, Kodak

Park Division, Eastman Kodak Company,Rochester, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

288


1972


Termexpires

DIRECTORS- -Continued District 3 -PHILADELPHIA Dec. 31

Class A:

William R. C o s b y , . . . . . C h a i r m a n of the Board , Princeton Bank a n d

Trus t C o m p a n y , Pr inceton, N . J . . . . . . . . . . . . 1972

R i c h a r d A. Herbs t c r . . , .President , l .ewistown Trus t C o m p a n y , Lewis-

town, P e l . , . . . . . . . . . . . . . . . . . . . . . . . . . 1973

( V a c a n c y ) . . . . . . . . . . . . . . . . . . . . . . . . 1974

Class J.-

Edward J, D w y e r . . . . . . .Chairman and Chief Executive Officer, ESB

Incorporated, Philadelphia, Pa.. . 1972

( V a c a n c y ) . . . . . 1973

C, Graham Bervvind, Jr . . President and Chief Executive Officer, Berwind

Corporat ion, Philadelphia, P a . . . . . . . . . . . . . 1974

Class C:

Bayard L. E n g l a n d . . . . . Retired Chairman of Board, Atlantic City

Electric Company, Ventnor, N . J . . . . . . . . . . 1972

John R. Coleman President. Huverford College, Haveriord, Pa., . 1973

Edw. W. Robinson. Jr . . .President, Provident Home Industrial Mutual

Life Insurance Co. , Philadelphia, P a . . . . . . . . . 1974

District 4—CLEVELAND

Class A:

David L. Brumback, Jr.. President, Van Wert National Bank, Van Wert,

Ohio . . . . . . . . . . . . . . . . . . . . ' . . . . . . . . . . ' 1972

Edward W. Barker. . . . .President. First National Bank of Middletown,

Ohio . . . , . . . . 1973

A. Bruce Bovvden.. . . . . .Vice Chairman of the Board, Mellon National

Bank and Trust Company, Pittsburgh, Pa . . . 1974

Class B:

R. Stanley L a i n g . . . . . . . Dayton, Ohio . 1972

John L. Gushman. . . . . .Chairman of the Board and Chief Executive

Officer, Anchor Hocking Corporat ion, Lan-

caster, Ohio 1973

Donald E. N o b l e . . . . . . . President and Chief Executive Officer, Rubber-

maid incorporated, Wooster, O h i o . . . . . . . . 1974

289


1972


DIRECTORS—Continued D i s t r i c t 4—CLEVELAND—Cont .

TermexpiresDec. 31

Class C.-Albert G. C l a y . . . . . .

J. Ward Keener

. .President, Clay Tobacco Company, Mt. Ster-ling, K y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

, .Chairman of the Executive Committee, TheB. F. Goodrich Company, Akron, Ohio . . . . 1973

Horace A. Shepard. . . . .Chairman of the Board and Chief ExecutiveOfficer, TRW inc., Cleveland, O h i o , . . . . . . 1974

C IMC INN ATI BRANCH

Appointed by Federal Reserve Batik:Paul W. Christensen, Jr., President, The Cincinnati Gear Company, Cin-

cinnati, Ohio 1972Robert E. H a l l . . . . . . . . . P r e s i d e n t , The First National Bank and Trust

Company, Troy, O h i o . . . . . . . . . . . . . . . . . . . . 1972William S. Rowe. . . . . . .President, The Fifth Third Bank, Cincinnati,

O h i o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973E. Paul Wil l iams. . . . . . .Pres ident , Second National Bank, Ashland, Ky. 1974

Appointed by Board of Governors:Phillip R. Shr ive r . . . . . . .President, Miami University, Oxford, Ohio. . . 1972Clair F. V o u g h . . . . . . . . . V i c e President, Office Products Division, IBM

Corporation, Lexington, Ky., 1973Graham E. Marx. President and General Manager, The G. A.

Gray Company, Cincinnati, O h i o , . . . . . . . . . . 1974

PITTSBURGH BRANCH

Appointed by Federal Reserve Bank;

Robinson F, Barker.

John W. Bingham. ..

Merle E. Gil Hand...

Charles F. Ward. . .

. .Chairman of the Board and Chief ExecutiveOfficer, PPG Industries, Inc., Pittsburgh, Pa.. 1972

...President, The Merchants and ManufacturersNational Bank of Sharon, Md. 1972

. . .Chairman of the Board and Chief ExecutiveOfficer, Pittsburgh National Bank, Pitts-burgh, Pa... 1973

. . . President, Gallatin National Bank, Uniontown,P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

290'


1972

RE. BANKS AND BRANCHES—Continued

Termexpires

DIRECTORS—Continued District 4 - CLEVELAND—Cont. Dec. 31

PITTSBURGH BRANCH—Continued

Appointed by Board of Governors:Lawrence E. Walkley. . , Retired President, Westinghouse Air Brake

Company, Pittsburgh, Pa , . . . . . . . . . . . . . . . 1972Robert E, K i r b y . . . . . . . . President, Industry and Defense Company,

Westinghouse Electric Corporation, Pitts-burgh, Pa . . . , 1973

Richard M. C y e r t . . . . . President. Carnegie-Mellon University, Pitts-burgh, P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974


Class A:Hugh A, C u r r y , . . . . . . . .President and Chief Executive Officer, The

Kanawha Valley Bunk. Charleston, W. Va.. . 1972Thomas P. McLachlen. .President, MeLaehlen National Bank, Wash-

ington, D . C . . 1973Edward N. Evans. . . . . .President, Farmers & Merchants National

Bank of Cambridge, M d . . . . . . . . . . . . . . . . . . 1974

Class B:Rober t S. S m a l l . . . . . . . . President. Dan River Inc.. Greenville, S . C . . . . . 1972H . Dail Hoiderness . . . . .President, Carolina Telephone and Telegraph

Company, Tarboro , N . C . . . . . . . . . . . . . . . . . . 1973H e n r y C . Hol'heimer, I I . .Cha i rman , Virginia Real Estate Investment

Trust , Norfolk, V a . . . . . . . . . . . . . . . . . . . . . . . 1974

Chm C.-Rober t \V. Lawson, Jr . , , Managing Partner, Charleston Office, Steptoe

& Johnson, Attorneys, Charleston, W. Va.. . 1972Stuart S h u m a t e . . . . . . . President. Richmond, Fredericksburg and

Potomac Railroad Company, Richmond, Va. 1973E, Craig W a l l S r , . . . . . . C h a i r m a n of the Board, Canal Industries, Inc.,

Conway. S . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974


1972

F.R. BANKS AND BRANCHES—

Termexpires

Continued District 5—RICHMOND—Cont. Dec. 3!

BALTIMGEE BRANCH

Appointed by Federal Reserve Bank:J. R. Chaffinch, J r . . . . . . President, The Denton National Bank, Denton,

M d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972James J. Robinson.. Executive Vice President, Bank of Ripley,

W. Va.. . 1973J. Stevenson Peck. . . . . .Union Trust Company of Maryland, Baltimore,

M d , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Tilton H. Dobbin, . . . . .President and Chairman of the Executive Com-

mittee, Maryland National Bank, Baltimore,M d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:Arnold J. Kleff, Jr. , . . . .Former Manager, Baltimore Refinery, Ameri-

can Smelting and Refining Company, Balti-more, M d . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

John H. Fetting, J r . . . . . .President, A. H. Fettieg Company, Baltimore,M d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

James G. Bar low. . . . . . .Pres ident , West Virginia University, Morgan-town, W. V a . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

CHARLOTTE BRANCH

Appointed by Federal Reserve Bank:J. Willis Cantey. . . . . . . .Chairman and Chief Executive Officer, The

Citizens & Southern National Bank of SouthCarolina, Columbia, S . C . . . . . . . . . . . . . . . . . . 1972

C. C. C a m e r o n . . . . . . . . . C h a i r m a n of the Board and President, FirstUnion National Bank of North Carolina,Charlotte, N.C. . . . . . . . . . . . . . . . . . . . . . 1973

H. Phelps Brooks, Jr. . . .President, The Peoples National Bank, Chester,S . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

L. D. Coltranes I I I . . . . . President, The Concord National Bank, Con-cord, N . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:Robert C. E d w a r d s . . . . . President, Clemson University, CJemsoti, S.C... 1972Charles W. DeBe l l . . . . . . General Manager, North Carolina Works,

Western Electric Company, Inc., Winston-Salem, N . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Charles F. Benbow. . . . .Vice President, R. J. Reynolds Industries, Inc.,Winston-Salem, N . C . . . . . . . . . . . . . . . . . . . . . 1974

292


1972

F.K. BANES AMD TtRASiZlUlS-Continued

Termexpires

DIRECTORS—Continued District 6—ATLANTA Dec. 31

Class A:William B. Mil ls . . . . . . . P r e s i d e n t , T h e Flor ida Nat ional Bank, Jack-

sonville, F l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

A, L. E l l i s . . . . . . . . . . . . . C h a i r m a n of the Board, First Nat iona l Bank,

Ta rpon Spr.in.gs, F l a . . . . . . . . . . . . . . . . . . . . . . 1973

Jack P. Ke i th . . . . . . . . . . P r e s i d e n t , First Nat iona l Bank of West Point ,

G a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Class B.-Phil ip J. L e e . . . . . . . . . . . V i c e President, T r o p i c a n a P roduc t s , Inc . ,

T a m p a , F l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1*>72Hoskins A. Shadow.... .President, Tennessee Valley Nursery, Inc.,

Winches ter , T e n e . . . . . . . . . . . . . . . . . . . . . . . . 1^7,*

O w e n C o o p e r . . . . . . . . . . P r e s i d e n t , Mississippi Chemica l C o r p o r a t i o n ,

Y a z o o City, M i s s . . . . . . . . . . . . . . . . . . . . . . . . 1974

Class C:F. Evans F a r w e l l . . . . . . . P r e s i d e n t , Milliken and Farwell, Inc., New Or-

leans, L a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

John C. W i l s o n . . . . . . . . P r e s i d e n t , Home-Wilson, Inc., Atlanta, G a . . . . 1973

H. G. P a t t i l l o . . . . . . . . . . P r e s i d e n t , Pattillo Construct ion Company ,

Inc., Decatur , G a . . . . . . . . . . . . . . . . . . . . . . . . 1974

BIRMINGHAM BRANCH.

Appointed by Federal Reserve Bank:Harvey T e r r e l l . . . . . . .Chai rman •*! the Board, The First Na t iona l

Bank oi Birmingham, A l a . . . . . . . . . . . . . . . . . 1972

Wallace D . Malone , J r , . . President ami Cha i rman of the Board, The

I irst Hittunnl Bank of Dothan, A l a . . . . . . . . 1973

C 1 ogan Tay lor . . . .Chai rman of the Board, T h e First State Bank

or*O\tord, Ala. . . . . . . . . . . . . . . . . . . . . . . . . 1973

W. Eugene M o r g a n . . Prusidivsf and Chief Executive Officer, The

Fitsf Nat ional Bank of Huntsville, A l a . . . . . 1974

Appointed by Board of * h <tvr/>« >r.v *

Frederick G. Koenig, Jr I'rostOont atkl < 'iwrf Executive Officer, A labama

ih PitHftu/i'. i îporation, Birmingham, Ala. 1972

David M a t f a e w s . . . . , P r c i J c n i , I '«u\M\^ty of Alabama, University,

Ala. . . . . . . . . . . . . . . . . . . . . . . . . . . . . W73

William C. B a u e r . . . , . . ?>asuiait, HoiilU Central Bell, Birmingham,

\ l a . . . , . . . . . . . . . . . . . . . . . . . . . . . . . i!i7J

293


1972


DIRECTORS - -Continued District 6-- ATLANTA—Cont.

TermexpiresDec. 31

JACKSONVILLE BRANCH

Appointed by Federal Reserve Bank:James G. Richardson. . .Chairman of the Board and President, The

Commercial Bank and Trust Company ofOcala, Fla .. 1972

Malcolm C. Brown. . . . .President and Chairman of the Board, FloridaFirst National Bank at Brent, Pensacola,Fla . . . . . 1973

A. Clewis Howel l . . . . . . .President, Marine Bank & Trust Company,Tampa, Fla.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Guy W. B o t t s . . . . . . . . . .Vice Chairman of the Board, Barnett Bank ofJacksonville, N.A., Jacksonville, F i a . . . . . . . 1974

Appointed by Board of Governors:Henry K. Stanford. President, University of Miami, Coral Gables,

F l a . . . . . . . 1972Henry Cragg. Vice President, The Coca-Cola Company Foods

Division, Winter Park, H a , . . . . . . . . . . . . . . . 1973Gert H. W. Schmidt. . . .President, Television 12 of Jacksonville, Fia.. 1974

NASHVILLE BRANCH

Appointed by Federal Reserve Bank:Edward C. Huffman. . . .Chairman of the Board and President, First

National Bank, Shelbyville, Tenn. 1972Dan B. A n d r e w s . . . . . . . President, First National Bank, Dickson,

Term. 1973Edward G. Ne l son . . . . . . President, Commerce Union Bunk, Nashville,

Tenn. 1973Thomas C. Mottern. . . .President, Hamilton National Bank of Johnson

City, T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:John C. Tune. . . . . . . . . .Partner. Boiler, Me Hugh, Butler, Tune &

Watts. Attorneys. Nashville. Tenn. 1972James W. Long. . . . . . . .President. Robertson County Farm Bureau,

Springfield, Tenn, 1973Edward J. Bal ing. . . . . . .Pres ident , University of Tennessee, Knoxvilie,

T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

294


1972

F.E. BANKS AND BRANCHES—Continued

Termexpires

DIRECTORS—-Continued District 6—ATLANTA—Cont. Dec. 31

NEW ORLEANS BRANCH

Appointed by Federal Reserve Bank:H. P. Heidelberg, J r . . . . .President, Pascagoula-Moss Point Bank, Pasca-

gouia, M i s s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972Tom A. Flanagan, J r . . . . President, Lakeside National Bank of Lake

Charles, L a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Lawrence A. Merrigan.. President, The Bank of New Orleans and

Trust Company, New Orleans, L a . . . . . . . . . 1973Archie R. McDonnell . . . President, Citizens National Bank, Meridian,

M i s s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:Edwin J. Caplan. . . . . . . P re s iden t , Caplan*s Men's Shops, Inc.,

Alexandria, L a . . . . . . . . . . . . . . . . . . . . . . . . . . 1972Broadus N, B u t l e r , . . . . .President, Dillard University, New Orleans,

L a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Fred Adams, J r . . . . . . . . .P re s iden t , Cal-Maine Foods, Inc., Jackson,

M i s s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Class A:Edward Byron Smith. .

Melvin C. Lockard . . .Floyd,F. Whitmore...

Class B.-William H. Da¥idsoo

Howard M. Packard. ,

John T. H a c k e t t . . . . . .

Class C:Emerson G. Higdon..

John W. B a l r d . . . . . . .William H. Franklin.

District 7 ^

.Chairman of the Board, The Northern TrustCompany. Chicago, 1 1 1 . . . . . . . . . . . . . . . . . . . . 1972

. President, First National Bank, Mattoon, 111... 1973

.President, The Okey-Vernon National Bank,Coining, I o w a . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

. President, Harley-Davidson Motor Co., Inc.,Milwaukee, W i s . . . . . . . . . . . . . . . . . . . . . . . . . 1972

.Vice Chairman, S. C. Johnson & Son, Inc.,Racine, Wis.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

. Executive Vice President, Cummins EngineCompany, Inc., Columbus, I n d . . . . . . . . . . . . 1974

.Chairrian of the Board, The Maytag Com-pany, Newton, I o w a . . . . . . . . . . . . . . . . . . . . . 1972

. President, Baird & Warner, Inc., Chicago, 111.. 1973

.Chairman of the Board, Caterpillar TractorCo., Peoria, 1 1 1 . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

295


1972


DIRECTORS—Continued District 7—CHICAGO—Cont.

TermexpiresBee, 31

DETROIT BRANCH

Appointed hy Federal Reserve Bank:George L. Whyei. .President, Genesee Merchants Bank & Trust

Company, Flint, Mich. 1972Roland A, Mewhort. . . .Chairman, Manufacturers National Bank of

Detroit, Mich., . . 1972Ellis B, M e r r y , . . . . . . . . .Chairman of the Board, National Bank of

Detroit, Mich., 1973Harold A. E l g a s , . . . . . . . President, Gaylord State Bank, Gaylord, Mich. 1974

Appointed by Board of Governors:W, M. Defoe, . . . . . . . . . C h a i r m a n of the Board, Defoe Shipbuilding

Company, Bay City, M i c h . . . . . . . . . . . . 1972L. Wm. Seidman.. . . . . . Resident Partner, Seidman & Seidman, Grand

Rapids. Mich.. . . . 1973Peter B. Clark . Chairman of the Board and President, The

Evening News Association, Detroit, Mich.. . 1974

D i s t r i c t 8 - S T . L O U I S

Class A:Cecil W. Cupp, J r . . . . . . . President, Arkansas Bank & Tru*>t Company.

Hot Springs, Ark., 1972Bradford Brett, . . . . . . . . President, The First National Bank of Mexico,

Mo.. . . . . 1973Edwin S. J o n e s . . . . . . . . . C h a i r m a n of the Board* First National Bank

in Si. Louts, Mo. J974

Class B:iid\uti\! J. Sehnuck .

Fred I. Brown. Jr. ,

, . .Chairman of the Board, Sehnuck Markets, Inc.,Bridgeton. Mo... , 1972

. .President. Arkansas Foundry Company. LittleRock, Ark 1973

James M. Tuhokki , . .President, Mead Johnson & Company, Evans-ville, Ind.... 1974

296


1972

P.M. BANKS AND

Termexpires

DIRECTORS—Continued District 8 - ST. LOUIS -Cunt. Dec, 31

Class C:Sam C o o p e r . . . . . . . ...President, HitniKo Products, Division oi

Krafreo Corporation. Memphis, h-rm. 1972Harry M. Young, Jr.. Vieiiose Farms, ilernclon, K\. , . 1973Frederic M. Pelrce.. . . .Chairman of the Hoard and Chief Executive

Otfieer. General American Life insuranceCompany, St. Louis, Mo. . . . . . . , 1974

L11TLF. ROtlK BRANCH

Appointed by Federal Reserve Bank:Ellis E. Shelton. . . . . . . .President, The First National Bank of Fayette-

ville, Ark.. , . . . . . . , 1972Wayne A. S t o n e . . . . . . . .Chairman of the Board and Chief Executive

Oflicer, Simmons First National Bank ofPine Bluff. Ark. 1972

Edward M, Penick. . . . . President and Chief Executive Officer, Wort henBank & Trust Company, Little Rock. Ark.. . 1973

Will H. K e l l e y . . . . . . . . President and Chief Executive Officer. The SuiteFirst National Bank of Texarkana, A r k , . . . . 1974

Appointed hy Board oj Governors:Jake Hartz, Jr.. . . . . . . . . P r e s i d e n t , Jacob Hart/ Seed Co., Inc.. Stutt-

gart, Ark.. . . . , 1972Roland R. Remmel. , . Chairman of the Board, Southland Building

Products Co., Little Rock. Ark. 1973Al Pollard, . . . . . . . . . . . President. AI Pollard & Associates. Little Rock,

A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

LOU1S¥1LLE BRANCH

Appointed by Federal Reserve Bunk :Paul Chase, . . . . . . . . . .President. The Bedford National Bank, Bed-

ford. Ind. . . . . , , 1972Herbert J. Smith, . . . . . .President. The American National Bank &

Trust Company of Bowling Green, Ky.. . . 1972Harold E. Jackson.. . . . .President, The Scott County Stale Bank,

Scottsburg. I n d . . . . . . . . . ,. . . . . . . . . . . 1973Hugh M. Shwab. . . . . . . C h a i r n - a n of the Boards, First National Bank

of Louisville and The Kentucky Trust Com-pany, Louisville, K y , . . . . . . . . . . . . . . . . . . . . . 1974

297


1972

F.R. BANKS AND MRANCMES—Continued

DIRECTORS—Continued District 8—ST. LOUIS—Gont.

TermexpiresDec, 31

LOUISVILLE BRANCH—Continued

Appointed by Board of Governors:James H. D a v i s . . . . . . . . Chairman and Chief Executive Officer, Porter

Paint Company, Louisville, K y . . . . . . . . . . . . 1972William H. S t roube . . . . .Associate Dean, College of Science and Tech-

nology, Western Kentucky University, Bowl-ing Green, K y . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

James C. Hendershot. . . President and Chief Operating Officer, RelianceUniversal, Inc., Louisviile? K y . . . . . . . . . . . . . 1974

MEMPHIS BRANCH

Appointed by Federal Reserve Bank:James R. F i t zhugh . . . . . . Executive Vice President, Bank of Ripley, Tene. 1972Wayne W. Pyeat t . . . . . . .Pres ident , National Bank of Commerce, Mem-

phis, T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972J. J. White. . . . . . . . . . . . P r e s i d e n t , Helena National Bank, Helena, Ark. 1973Garner L. Hickman. . . . .Chairman and President, The First National

Bank of Oxford, M i s s . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:William L. Giles. . . . . . . P r e s iden t , Mississippi State University, State

College, M i s s . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972Alvin Huffman, J r . . . . . . President, Huffman Brothers Incorporated,

Blytheville, Ark.. 1973C, Whitney Brown , . . . . .President, S, C. Toof & Company f Memphis,

T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

D i s t r i c t 9 — M I N N E A P O L I S

Class A:John Bosshard., . . . Executive Vice President, First National Bank

of Banger, W i s . . . . . . . . . . . . . . . . . . . . . . . . . . 1972Philip H. N a s o n . . . . . . . . C h a i r m a n of the Board, The First National

Bank of Saint Paul, M i n n , . . . . . . . . . . . . . . . . 1973Roy H. Johnson . . . . . . . .P res ident , The First National Bank of Ne-

gauEee, M i c h , . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Class B:

David M, H e s k e t t . . . . . . President, Montana-Dakota Utilities Co.,Bismarck, N . D . . . . . . . . . . . . . . . . . . . . . . . . . . 1972

Dale ¥ . Andersen. . . . . .President, Mitchell Packing Company, Inc.,Mitchell, S . D . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

John H. B a i l e y . . . . . . . . .President, The Cretex Companies, Inc., ElkRiver, M i n n . . . . . . . . . . . . . . . . . . . . . . . . . 1974

298


1972

P.iL BANKS AND BRANCHES—Continued

Termexpires

DIRECTORS—Continued Dis trie t 9- - MINNKA POLLS - - Con I. Dec. 31

Class C:David M, L i l l y , . . . . . . .Chairman ot* flit* Board. The Toro Company,

Minneapolis. Minn.. . , 1972Russ B. Hart . . . . . . . .President, Hart-Alhin Company, Billings,

M o o t , . . . 1973

Bruce B. D a y t o n , . . . . . . C h a i r m a n of the Board, Day ton H u d s o n

C o r p o r a t i o n . Minneapol is , Minn , . . . . . . . . . 1974

IiFLEX\ BRANCH

Appointed by Federal Reserve Bunk:E. Lowry Kunkel... , . ['resident. First National Bank, Buttc, Mont., . 1972Robert I. P e n n e r . . . . . . President, Citizen^ First National Bank,

Wolf Point, Mont . . . . . . . 1972Richard D. Ruble . . ...President, Missoula Bank of Montana,

Missoula, Mont.. . . . . . . . 1973

Appointed by Board of Governors:Warren. B. Jones. . . . . . Secretary-Treasurer, Two Dot Land and

Livestock Company. Hariovvton. Mont.. , , . 1972William A. Cordingles . Publisher, Great Falls Tribune, Great Falls,

Mont . . . . . . . . 1973

D i s t r i c t 10- KANSAS C I T Y

Class A:

Roger D . Knight, Jr . . . . .Chairman of the Board, United Banks of

Colorado. Inc.. Denver, C o l o . . . . . . . . . . . . . . 1972

C. Mose M i l l e r . . . . . . . . Chairman ot* the Board and President, The

Farriers and Merchants State Bank, Colby,

Kan. 1973

John A. O ' L e a r y . . . . . . Chairman of the Board, The Peoples State

Bank, Luray, K a n . . . . . . . . . . . . . . . . . . . . . . . 1974

Class B:Cecil O. E m r i c h . . . . . . . .President, C. O. Emrich Enterprises, Norfolk,

Ncbr. . 1972

Alfred E. J o r d a n . , , , . .Vice President, T r a n s World Airl ines, Inc. ,

Kansas City, M o . . . . . . . . . . . . . . . . . . . . . . . . 1973

F r a n k C. L o v e . . . . . . . . .President . Kerr-McGee C o r p o r a t i o n , Okla -

h o m a City, O k l a . . . . . . . . . . . . . . . . . . . . . . . . . 1974

299


1972

F.R. HANKS AND BRANCHES—CmHhiued

Termexpires

DIRECTORS -Continued District 10- KANSAS CITY-~-Cont, Dec. 31

Class C:Wiliard Deere Hostbrd,

J r . . . . . . . . . . . . . . . . . .Retired Vice President and General Manager,John Deere Company, Omaha, Nebr. . . . . . 1972

Robert T. P e r s o n , . . . . . .President and Chairman of the Board, PublicService Company of Colorado, Denver, Colo. 1973

Robert W. Wagstatt*. . . .Chairman of the Board and President, Coca-Cola Bottling Company of Mid-America,Kansas City, M o . . . . . . . . . . . . . . . . . . . . . . . . 1974

DKNVER BRANCH i

Appointed by Federal Reserve Bank:Robert L. T r i p p . . . . . . . .President. Albuquerque National Bank. Albu-

querque, N. Mex. 1972Dale E , Hinman. . . . . . .Chairman of the Board, The Greeley National

Bank, Greeley, C o l o . . . . . . . . . . . . . . . . . . . . . . 1972John W. Hay, J r . . . . . . . . President, Rock Springs National Bank, Rock

Springs, W y o . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Appointed by Board of Governors:David R. C. B r o w n . . . . .Pres ident . T h e Aspen Ski ing C o r p o r a t i o n ,

Aspen . C o l o . . , . . . . . . . . . 1972

M a u r i c e B . Mitchel l . , .Chancel lor , Universi ty of Denver , C o l o , . . . . . . 1973


Appointed by Federal Reserve Bank:Marvin Millard. . . . . . . .Chairman of the Board, National Bank of

Tulsa. Okla. 1972Hugh C. Jones Executive Vice President, The Bank of Wood-

ward, O k l a . . . . . 1972W. H. McDonald. . . . . .Chairman of the Executive Committee, The

First National Bank and Trust Company ofOklahoma City, O k l a . . . . . . . . . . . . . . . . . . . . . 1973

Appointed by Board of Governors:Florin W. Z a l o u d e k . . . .Manager, j . I. Case Implements, Kremlin,

Okia. 1972Joseph H. Williams. . . . .President and Chief Operating Officer, The

Williams Companies, Tulsa, O k l a . . . . . . . . . . 1973

300


1972


Termexpires

DIRECTORS—Continued Distr ict l i—KANSAS CITY—Gont. Dec, 31

OMAHA BRANCH

Appointed by Federal Reserve Bank :Edward W. Lyman. . . . .President, The United States National Bank

of Omaha, Nebr. 1972S. N. Wolbach . . . President. The First National Bank of Grand

island, Nebr, 1973Glenn Yaussi., ..Chairman of the Board, National Bank of

Commerce Trust & Savings, Lincoln, Nebr... 1973

Appointed by Board of Governors:Henry Y. Kleinkauf. . . . President, Natkin & Company, Omaha, Nebr.. 1972A. James Ebel. . . . . . . . . V i c e President and General Manager, Corn-

hysker Television Corporation, Lincoln,N e b r . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

District li^-DALLAS

Class J.-M u r r a y Kyger . . . . . . . . .Chairman of the Executive Committee, T h e

First National Bank of Fort Worth, Tex. . . . 1972J. V. K e l l y . . . . . . . . . . . . . P r e s i d e n t . The Peoples National Bank of Bel-

ton, Tex.. . . . . . . . . . . . . . . . . . . . . . . . . . . 1973A. W. Riter, J r . . . . . . . . . .President, The Peoples National Bank of Tyler,

Tex.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Class B:C. A. Tatum, J r . . . . . . . . C h a i r m a n of the Board and Chief Executive

Officer, Texas Utilities Company, Dallas,Tex. . . . . . . . 1972

Carl D. N e w t o n . . . . . . . Chairman of the Board, Fox-Stanley PhotoProducts , Inc., San An ton io , T e x . . . . . . . . . . 1973

H u g h F , S t een . . . . . . . . .President , Ei Paso Na tu ra l G a s C o m p a n y ,

El Paso, T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Class C;Philip G . H o f f m a n . . . . . . President, Universi ty of Hous ton , T e x , . . . . . . . 1972

J o h n L a w r e n c e . . . . . . . . . C h a i r m a n of the Board , Dresser Industr ies ,

Inc . , Dal las , T e x . . . . , , , . . . 1973

Chas . F . J o n e s . . . . . . . . . D e a n , College of Business Admin i s t r a t ion ,

Universi ty of H o u s t o n , T e x . . . . . . . . . . . . . . . 1974

301


1972


Termexpires

DIRECTORS—Continued District il—DALLAS—Cont. Dec, 31

EL PASO BRANCH

Appointed by Federal Reserve Batik :Archie B. Scott. .President. The Security State Bank of Pecos,

Tex,. 1972Sam D. Young, J r . . . . . .President, El Paso National Bank, El Paso,

Tex.. . . . . . . 1972Cuilen J. Kelly .. . . President, The First National Bank of Midland,

Tex.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Wayne S t e w a r t . . . . . . . . .President, first National Bank in Aiamagordo,

N. M e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:Allan B. Bowman. . . . . .President and General Manager, Banner Min-

ing Company, Tucson, Ariz. 1972Herbert M.Schwartz... .President, Popular Dry Goods Co., Inc., El

Paso, Tex.. . 1973Gage Holland...... . . . .Owner, Gage Holland Ranch, Marathon, Tex.. 1974

HOUSTON BRANCH

Appointed by Federal Reserve Bank:W. G. Thornell. . . . . . . .Chairman of the Board and President, The

First National Bank of Port Arthur, Tex.. . . 1972John E. Whi tmore . . . . . .Chairman of the Board and Chief Executive

Officer, Texas Commerce Bank NationalAssociation. Houston, Tex. . . . . . . . . . . . . . . 1972

Kline McGee. . . . . . . . . . C h a i r m a n of the Board, Southern NationalBank of Houston, Tex.. 1973

Seth W. D o r b a n d t . . . . . .Chairman of the Board and President, FirstNational Bank In Conroe, Tex.. 1974

Appointed by Board of Governors:Geo, T. Morse. J r . . . . . . .Vice Chairman of the Board and Chief Oper-

ating Officer, Peden Industries, Inc., Hous-ton, Tex. 1972

M. Steel Wright, J r . . . . .Chairman of the Board, Texas Farm ProductsCompany, Nacogdoches. Tex.. 1973

R. M. B u c k l e y . . . . . . . . . President and Director, Eastex Incorporated,SiLbee, T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

302


1972

F.R. BANKS AND BRANCHES—Continueii

Termexpires

DIRECTORS—Cont inued D i s t r i c t 1 1 — D A L L A S - C o n t . Dec. 31

SAX ANTONIO BRANCH

Appointed by Federal Reserve Bank:T o m C, Frost , J r . . . . . .Chairman of the Board. The Frost Nat ional

Batik of San Antonio, T e x , . . . . . . . . 1972

W. O. R o b e r s o n . . . . . . . . President, First National Bank at Brownsville,

Tex. . . . . . . . . . . 1972

E a y M. Keck, J r . . . . . . . .Chairman of the Board and President, Union

National Bank of Laredo. Tex.. . . . . . 1973

Leon S t o n e . . . . . . . . . . . . President, The Austin National Bank, Austin,

Tex, . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:W. A. B e l c h e r . . . . . . . . . .Veterinarian and rancher, Corazon Ranch,

Brackettviile, Tex. 1972Irving A. Mathews, . . . .Chairman of the Board and Chief Executive

Officer. Fro^t Bros., Inc., San Antonio, Tex.. 1973Marshall Boykin, III... .Partner, Wood, Boykin & Wolter, Corpus

Christi, Tex. 1974

District 12 -SAN FRANCISCO

Class A:Carroll F . B y r d . . . . . . . . C h a i r m a n of the Board and President, The First

National Bank of Willows, Ca l i f , . . . . . . 1972

Ralph J. V o s s . . . . . . . . . .President, First National Bank of Oregon,Portland, Orcg. 1973

Carl E. Schroeder . . . . . .President, The First National Bank of OrangeCounty, Orange, C a l i f . . . . . . . . . , . . . . . 1974

Class J.-J o s e p h R o s e n b l a t t . . . . . . H o n o r a r y C h a i r m a n of* t h e B o a r d , T h e E i m c o

C o r p o r a t i o n , Salt L a k e Ci ty , U t a h . . . . . . . . 1972M a t r o n K e n d r i c k . . . . . . Pres ident a n d C h a i r m a n of the B o a r d , Schlage

Lock C o m p a n y , S a n F ranc i s co , C a l i f . . . . . . . 1973C h a r l e s R. D a h l . . . . . . . . P r e s i d e n t C r o w n Ze l l e rbaeh , S a n F r a n c i s c o ,

C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

303


1972

P.M. BANKS AND BRANCHES—Continued

Termexpires

Continued District 12^-SAN FRANCISCO—Cont. Dec, 31

Class C:S. Alfred H a l g r e n . . . . . . Senior ¥ice President, Carnation Company,

Los Angeles, C a l i f . . . . . . . . . . . . . . . . . . . . . . . 1972O. Meredith W i l s o n . . . . President and Director, Center for Advanced

Study in the Behavioral Sciences, Stanford,C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Mas O j i . . . . . . . . . . . . . . . P r e s i d e n t , Oji Bros. Farm, Inc., Yuba City,C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

LOS ANGELES BRANCH

Appointed by Federal Reserve Bank:W. Gordon Ferguson. . . President, National Bank of Whittier, Calif.... 1972Linus E. Southwick. . . . . President, ¥alley National Bank, Glendale,

C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Carl E. Hartnack . . . . . . . President^ Security Pacilc National Bank, Los

Angeles, C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Rayburn S. Dezember. . . Chairman of the Board and President, Ameri-

can National Bank, Bakersleld, Cal i f . . . . . . 1974

Appointed by Board of Governors;Leland D. P r a t t . . . . . . . . P r e s i d e n t , Kelco Company, San Diego, Calif.., 1972Edward A. S loan . . . . . . .P res iden t , Sloan's Dry Cleaners, Los Angeles,

C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Ruth H a n d l e r . . . . . . . . . . P r e s i d e n t , Mattel, Inc., Hawthorne, Calif,... 1974

PORTLAND BRANCH

Appointed by Federal Reserve Bank:James H. S t a n a r d . . . . . . Vice President, First National Bank of

McMinnville, G r e g , , . . . . . . . . . . . . . . . . . . . . . 1972Frank L. Servoss . . . . . . .Pres ident , Crater National Bank of Medford,

O r e g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1972LeRoy B. S t a v e r . . . . . . . Chairman of the Board and Chief Executive

Officer, United States National Bank of Ore-gon, Portland, O r e g . . . . . . . . . . . . . . . . . . . . . . 1973

Appointed by Board of Governors:John R. H o w a r d . . . . . . . President, Lewis and Clark College, Portland,

Oreg. 1972Frank Ander son . . . . . . . .Fa rmer , Heppner, O r e g . . . . . . . . . . . . . . . . . . . . 1973

304


1972


Termexpires

DIRECTORS—Continued District 12—SAN FRANCISCO—Cont. Dec, 31


Appointed by Federal Reserve Bank:Roderick H. Browning , President, Bank of Utah, Ogcien. U tah . 1972Roy W. Simmons. . . , , , President, Zions First National Bank, Salt Lake

City, U t a h . . . . . . . , . . . . . . . . . . . . . . . . . . 1972Joseph Bianco. . . . . . . . . C h a i r m a n of the Board and President, Bank of

Idaho, Boise, Idaho . . . 1973

Appointed by Board of Governors:i Vacancy) . . . . . . 1972TheodoreC. Jacobsen. . .Chairman of the Board, Jaeobsen Construc-

tion Company, Inc.. Salt Lake City, Utah.. 1973

SEATTLE BRANCH

Appointed by Federal Reserve Bank:A. E. S a u n d e r s . . . . . . . . .Vice Chairman of the Board, Puget Sound

National Bank. Tacoma. W a s h . . . . . . . . . . . . 1972Philip H. S t a n t o n . . . . . . . President, Washington Trust Bank, Spokane,

W a s h . . . . . . . . . . . . . . . . . . . . 1972Joseph C. Baillargeon. . .Chairman of the Board and Chief Executive

Officer, Seattle Trust & Savings Bank, Seattle,W a s h . . . . . . . . . . 1973

Appointed by Board of Governors:C. H e n r y Bacon, J r . . . . .Vice C h a i r m a n of t he Boa rd , S impson T i m b e r

C o m p a n y , Seat t le , W a s h . . . . . . . . . . . . . . . . . . 1972

T h o m a s T . H i r a l . . . . . . . P r e s i d e n t , Qual i ty G r o w e r s C o m p a n y , Inc . ,

Woodinville, W a s h . . . . . . . . . . . . . . . . . . . . . . . 1973

305


1972


PRESIDENTS AND VICE PRESIDENTS

(December 31,1972)

FederalReserve

Bankor branch

PresidentFirst Vice President Vice Presidents

Boston.

New York. . .



Buffalo

Philadelphia.

Cleveland . . .

Cincinnati

Pittsburgh

Richmond. . .



Aubrey N. HeflinRobert P. Black

D. Harry AngneyLee J. AubreyFoster K. CummingsLuther M. Hoyle, Jr.Donald A. PelletierLaurence H. StoneJames T. Timberlake

Daniel AquilinoNorman T. ByrnesR. W. EisenmengerNiels O. LarsenRichard E. RandallJ. M. Thayer, Jr.Richard A. Walker

David E. Bodner W. H. Braun, Jr.Charles A. Coombs Richard A. DebsPeter Fousek Edward G. GuyAlan R. Holmes John T. KeaneLeonard Lapidus Robert G. LinkFred W. Piderit, Jr. Everett B. PostPeter D. Sternlight T. M. Timlen, Jr.Thomas O. Waage


Edward A. AffEdward G. BoehneThomas K. DeschJoseph R. JoyceG. William MetzWilliam E. RomanRobert R. Swander

John E. BirkyPaul BreidenbachElmer F. FricekW. H. HendricksJohn J. HoyFrederick S. Kelly

Hugh BarrieJoseph M. CaseWilliam A. JamesA. A. KudelichL. C. Murdoch, Jr.Kenneth M. Snader

George E. Booth, Jr.Roger R. ClouseR. Joseph GinnaneWilliam J. HocterHarry W. HuningR. Thomas King

Robert E. Showalter Donald G. VincelRobert D. DugganFred O. KielJames H. CampbellCharles E. Houpt

L. W. Bostian, Jr.John G. DeitrickH. Ernest FordA. V. Myers, Jr.James ParthemosJohn F. RandAubrey N. SnellingsWilliam F. Upshaw

W. T. Cunningham, Jr.Welford S. FarmerWilliam C. GloverJohn L. NoskerC. D. Porter, Jr.R. E. Sanders, Jr.Andrew L. Tilton


1972


PRESIDENTS AND VICE PRESIDENTS—Continued

FederalReserve

Bankor branch

Richmond—Cont.

Baltimore

Charlotte

Culpeper1

Atlanta

Birming-ham

Jackson-ville

Miami1

NashvilleNew

Orleans

Chicago

Detroit

St. Louis . . .

LittleRock





Vice Presidents

H. Lee Boatwright, IIIA. A. Stewart, Jr.Gerald L. WilsonStuart P. FishburneJimmie R. MonhollonJ. Gordon Dickerson, Jr.Albert D. Tinkelenberg

Harry Brandt Robert P. ForrestalBilly H. Hargett Robert E. HeckArthur H. Kantner J. E. McCorveyBrown R. Rawlings Richard A. SandersCharles T. Taylor Pierre M. Viguerie

Dan L. Hendley


George C. Guynn

Carl E. Bierbauer George W. CloosLeRoy A. Davis R. W. DybeckElbert O. Fults V. A. HansenEdward A. Heath Ward J. LarsonR. A. Moffatt J. R. MorrisonR. M. Scheider Karl A. ScheldHarry S. Schultz Bruce L. SmythJack P. Thompson Allen G. Wolkey

William C. ConradDaniel M. DoyleRonald L. Zile

Leonall C. Andersen Gerald T. DunneJoseph P. Garbarini W. W. GilmoreJerry L. Jordan John W. MengesD. W. Moriarty, Jr. F. G. Russell, Jr.Charles E. Silva Harold E. UthoffHoward H. Weigel

John F. Breen

1 Not considered a branch.


1972



FederalReserve

Bankor branch

St. Louis—Cont.

LouisvilleMemphis

Minneapolis .

Helena

Kansas City.

DenverOklahoma

CityOmaha

Dallas

El PasoHouston

SanAntonio

SanFrancisco..

T AO.LOS

Angeles

PortlandSalt Lake

CitySeattle





John J. BallesA. B. Merritt

Vice Presidents

Donald L. HenryL. Terry Britt

Frederick J. Cramer Ralph J. DreitzlerL. W. Fernelius Lester G. GableThomas E. Gainor Roland D. GrahamDouglas R. Hellweg John A. MacDonaldDavid R. McDonald Clarence W. NelsonJohn P. Olin C. A. Van NiceR. W. Worcester

Howard L. Knous

W. T. Billington H. R. CzerwinskiThomas E. Davis Raymond J. DollJoseph R. Euans Roger GuffeyJ. David Hamilton Wayne W. MartinM. L. Mothersead Robert E. Thomas

George C. Rankin

William G. EvansRobert D. Hamilton

Robert H. Boykin Leon W. CowanRalph T. Green Larry D. HigginsJames A. Parker W. M. PritchettT. J. Salvaggio T. R. SullivanE. W. Vorlop

Frederic W. ReedJames L. CauthenRasco R. Story

Carl H. Moore

A. S. Carella J. H. CravenD. M. Davenport W. H. HutchinsH. B. Jamison G. R. KellyD. V. Masten Rix Maurer, Jr.Louis E. Reilly R. G. RetallickKent O. Sims J. B. Williams



308


1972


CONFERENCE OF PRESIDENTSThe Presidents of the Federal Reserve Banks are organized into a Con-

ference of Presidents that meets from time to time to consider matters ofcommon interest and to consult with and advise the Board of Governors.At a meeting on February 9, 1971, the Conference elected Mr. Francis(President of the Federal Reserve Bank of St. Louis) and Mr. Kimbrel(President of the Federal Reserve Bank of Atlanta) Chairman and ViceChairman, respectively, for the remainder of 1971 and for the forthcomingConference year, ending with the March 1972 meeting. At the meeting onMarch 20, 1972, Mr. Kimbrel and Mr. Coldwell (President of the FederalReserve Bank of Dallas) were elected Chairman and Vice Chairman, respec-tively, for the remainder of 1972 and for the forthcoming Conference year,ending with the March 1973 meeting.

At the February and March 1971 meetings, Mr. Joseph P. Garbarini(Federal Reserve Bank of St. Louis) and Mr. H. Terry Smith (FederalReserve Bank of Atlanta) were appointed Secretary and Assistant Secretary,respectively. Mr. H. Terry Smith and Mr. Robert Smith, III (Federal ReserveBank of Dallas) were appointed Secretary and Assistant Secretary, respec-tively, at the March 1972 meeting.

CONFERENCE OF FIRST VICE PRESIDENTSThe Conference of First Vice Presidents of the Federal Reserve Banks

was organized in 1969 to meet from time to time, primarily for the con-sideration of operational matters. Effective March 1, 1971, Mr. Lewis (FirstVice President of the Federal Reserve Bank of St. Louis) and Mr. Fossum(First Vice President of the Federal Reserve Bank of Atlanta) were electedChairman and Vice Chairman, respectively, of the Conference. Mr. JosephP. Garbarini and Mr. H. Terry Smith were appointed Secretary and AssistantSecretary, respectively. On August 3, 1971, Mr. Leonard (First Vice Presidentof the Federal Reserve Bank of St. Louis) was elected Chairman to succeedMr. Lewis, who retired on July 31, 1971.

On May 2, 1972, the Conference elected Mr. Fossum as Chairman andMr. Plant (First Vice President of the Federal Reserve Bank of Dallas) asVice Chairman, and appointed Mr. H. Terry Smith and Mr. Robert SmithIII, as Secretary and Assistant Secretary, respectively, for the forthcomingConference year.

309


1972





DeputyChairman

BostonNew York . .Philadelphia .Cleveland . . .Richmond . . .AtlantaChicagoSt. LouisMinneapolis .Kansas City .DallasSan Francisco

James S. DuesenberryRoswell L. GilpatricJohn R. ColemanHorace A. ShepardRobert W. Lawson, Jr.John C. WilsonWilliam H. FranklinFrederic M. PeirceDavid M. LillyRobert W. WagstaffChas. F. JonesO. Meredith Wilson

Louis W. CabotFrank R. MillikenEdward J. DwyerJ. Ward KeenerStuart ShumateH. G. PattilloPeter B. ClarkSam CooperBruce B. DaytonRobert T. PersonJohn LawrenceJoseph F. Alibrandi


ference of Chairmen that meets from time to time to consider matters ofcommon interest and to consult with and advise the Board of Governors.Such meetings, attended also by Deputy Chairmen of the Reserve Banks,were held in Washington on June 21 and on November 29 and 30, 1973.

Mr. David M. Lilly, Chairman of the Federal Reserve Bank of Minneap-olis, who was elected Chairman of the Conference and of its Executive Com-mittee in December 1972, served in that capacity until the close of the 1973meetings. Mr. Robert W. Wagstaff, Chairman of the Federal Reserve Bankof Kansas City, and Mr. John C. Wilson, Chairman of the Federal ReserveBank of Atlanta, served with Mr. Lilly as members of the Executive Commit-tee; Mr. Wagstaff also served as Vice Chairman of the Conference.

On November 30, 1973, Mr. Wagstaff was elected Chairman of the Confer-ence and of its Executive Committee to serve for the succeeding year; Mr.Roswell L. Gilpatric, Chairman of the Federal Reserve Bank of New York,was elected Vice Chairman of the Conference and a member of the ExecutiveCommittee; and Mr. William H. Franklin, Chairman of the Federal ReserveBank of Chicago, was elected as the other member of the Executive Com-mittee.

332


1973


DIRECTORS

Class A and Class B directors are elected by the member banks of thedistrict. Class C directors are appointed by the Board of Governors of theFederal Reserve System.

The Class A directors are chosen as representatives of member banks and,as a matter of practice, are active officers of member banks. The Class Bdirectors may not, under the law, be officers, directors, or employees of banks.At the time of their election they must be actively engaged in their districtin commerce, agriculture, or some other industrial pursuit.

The Class C directors may not, under the law, be officers, directors, em-ployees, or stockholders of banks. They are appointed by the Board ofGovernors as representatives not of any particular group or interest, but ofthe public interest as a whole.

Federal Reserve Bank branches have either five or seven directors, ofwhom a majority are appointed by the Board of Directors of the parentFederal Reserve Bank, and the others are appointed by the Board of Gov-ernors of the Federal Reserve System.

Termexpires


Class A:Ralph A. Mclninch President, Merchants National Bank of Man-

chester, Manchester, N.H 1973Mark C. Wheeler President, New England Merchants National

Bank, Boston, Mass 1974William M. Honey President, The Martha's Vineyard National

Bank, Vineyard Haven, Mass 1975

Class B:G. William Miller President, Textron, Providence, R.I 1973W. Gordon Robertson. . General Trustee, Bangor, Maine 1974Alfred W. Van Sinderen.President, The Southern New England Tele-

phone Co., New Haven, Conn 1975

Class C.-John M. Fox President and Chief Executive Officer, H. P.

Hood & Sons, Charlestown, Mass 1973James S. Duesenberry.. Chairman, Department of Economics, Har-

vard University, Cambridge, Mass 1974Louis W. Cabot Chairman of the Board, Cabot Corporation,

Boston, Mass 1975

333


1973


Termexpires

DIRECTORS—Com. District 2—NEW YORK Dec. 31

Class A:David C. Rockefeller.. . . Chairman of the Board, The Chase Manhat-

tan Bank, N.A., New York, N . Y . . . . . . . . . . . . 1973Norman Brassier. . . . . . Chairman of the Board' and Chief Executive

• • Officer, • Mew • Jersey Bank, N.A., • Passaic,N J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Newman E. Wait, J r . . . . President, Adirondack Trust Company, Sara-toga Springs, N . Y . . . . . . . . . . . . . . . . . . . . . . . 1975

Class B:.Maurice F. Granville... .Chairman of the Board, Texaco,. Inc., New.

York, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973William S. S n c a t h . . . . . . President, Union Carbide Corporation, New

York, ' N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Jack B. Jackson . . . . . . . .P res iden t , J. C. Penney Company,' Inc., New

Y o r k , - N Y . . . . . . . . . . . . . . . . . . . . . . • . . • . • . . • • . : . 1 9 7 5

Class C.-Alan J. P i f e r . . . . . . . . . . . President, Carnegie Corporation of New York,

New York, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . 1973Roswell L. Gilpatr ic . . . .Partner, Cravatfa, Swaine& Moore5 Attorneys,

New York, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Frank R. Mil l iken . . . . . . President, Kennecott Copper Corporation,

New'York, N . Y . . . . . . . . . . . . . . . . . . " . . . . . . . 1975

BUFFALO BRANCH

Appointed by Federal Reserwe Bank:WilliamB.'Anderson... .'President, The First National Bank of Jaroes-

• town,- Jamestown, N . Y . . . . . . . . . . . . . . . . . . . " 1973Angelo A. Costanza. . . .President-and Chief Executive Officer, Central

Trust Company, Rochester, N.Y. . •,••. • . , , . . - . . 1973Theodore M. McClure. .President, The Citizens National Bank .and.

Trust Company, Wellsville, N . Y . . . . . . . . . . . . 1974Claude F, Shuchter . . . . . President and Chief Executive Officer, Manu-

facturers and Traders Trust Company,Buffalo, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Appointed by Board of Governors:Rupert W a r r e n . . . . . . . . . President, Trico Products Corporation, Buffalo,

N . Y . . . ' . ; . . . . . . . . . . . . . . . . ' . . . . . . . . . " . . . . ; . 1973Norman F. Beach. . . . . .Vice President and Genera! Manager,"Kodak

Park • Division, Eastman Kodak • Company,..Rochester, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Donald Nesbltt. . . . . . . .Owner -Opera to r , Silver Creek Farms, Albion,.N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

334


1973

F.R. BANES AND BRANCHES—Continued

DIRECTORS—Cant. District 3—PHILADELPHIA

TermexpiresDec. 31

Class A:Richard A. Herbs te r . . . . President, Lewistown Trust Company, Lewis-

town, P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .John C. Tuten. . . . . . . . . C h a i r m a n , and Chief Executive Officer, National

Centra! Bank and National Central Finan-cial Corp., Lancaster, P a . . . . . . . . . . . . . . . . . .

John H. H a s s l e r . . . . . . . . President, The City National Bank and TrustCompany of Salem, Salem, N. J . . . . . , , . , . . .

Class B;William S. Masland. . . . .President, C. H. Masland and Sons, Carlisle,

P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .C. Graham Berwind, Jr.. President and Chief Executive Officer, Berwind

Corporation, Philadelphia, P a . . . . , . , , . . . . . .Bernard D. Broeker . . . . . Executive Vice President, Bethlehem Steel Cor-

poration, Bethlehem, P a . . . . . . . . . . . . . . . . . . .

Class C:John R. Coleman. . . . .E. W. Robinson, Jr.. .

Edward J. Dwver . . . . .

. President, Haverford College, Haverford, Pa.. .

.President, Provident Home Industrial MutualLife Insurance Co., Philadelphia, P a . . . . . . . .

.Chairman and Chief Executive Officer, ESBIncorporated, Philadelphia, P a . . . . . . . . . . . . .

1973

1974

1975

1973

1974

1975

1973

1974

1975

Class A:Edward W. Barker

D i s t r i c t 4 r - C L E V E L A N D

.Chairman and Chief Executive Officer, FirstNational Bank of Middletown, Mid'dletown,O h i o . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

A. Bruce Bowdcn Retired Vice Chairman of the Board, MellonBank, N. A., Pittsburgh, P a . . . . . . . . . . . . . . . . 1974

David L. Brumback, Jr.. President, Van Wert National Bank, Van Wert,O h i o , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Class B:John L. Gushman. .Chairman of the Board and Chief Executive

Officer, Anchor Hocking Corporation, Lan-caster, O h i o . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

President and Chief Executive Officer, Rubber-maid Incorporated, Wooster, O h i o . . . . . . . . 1974

Rene C. McPherson. . . Chairman and Chief Executive Officer, DanaCorporation, Toledo, Ohio. . , . . . . . . . . . . , , 1975

Donald E. Noble.

335


1973


Termexpires

—Co/ir. District 4—CLEVELAND—Continued D-ec* 31

Class C:J. Ward K e e n e r . , . . , , . , Retired Chairman of the Executive Committee,

The B. F. Goodrich Company, Akron., Ohio. 1973Horace .A. Shepard. . . . .Chairman, of. the-Board--and Chief Executive-

Officer, TRW Inc., Cleveland, Ohio . . . . . . . 1974Otis A. Singletary. . . . . .President, University of Kentucky, Lexington,

K y . . . . . . . . . . . - . . : . . . • . . . . • ; . . . . . . . . . . • . . . . . 1975"

CINCINNATI BRANCH

Appointed, by Federal Reserve Bank:William S. R o w e . . . . . . . President, The Fifth Third Bank, Cincinnati,

O h i o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . '1973E. Paul W i l l i a m s . . . . . . . President, Second National Bank, Ashland, Ky/ 1974Paul W. Christensen, Jr.. President, The.Cincinnati Gear Company, Cin-

cinnati, O h i o . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Robert E. H a l l , . . . . . . . . P r e s i d e n t , The First National Bank and Trust

Company, Troy, O h i o , . . . . . . . . . . . . . . . . . . . . 1975-

Appointed by Board of Governors:Clair F. Vough- . . . . . . . . .Vice President, Office Products Division, IBM

Corporation, Lexington, Ky. . , . . . . , » . . . . . 1973Graham E. M a r x . . . , , . , President and General Manager, The G. A.

Gray Company,Cincinnati, O h i o . . . . . . . . . . 1974Phillip R. Shriver . . . . . . .President , Miami University, Oxford, O h i o , . . 1975

PITTSBURGH BRANCH

Appointed by Federal Reserve Bank:Merle E. G i l l i and . . . . . . . Chairman of the Board and Chief Executive

Officer, Pittsburgh National Bank, Pitts-burgh, P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; • • . • -1973-

Charles F. W a r d . . . . . . . President, Gallatin National Bank, Uniontown,P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Robinson F."Barker. . . .Chairman of the Board and Chief Executive'Officer, PPG Industries, ; Inc., Pittsburgh,-Pa. • 1975

Jerry A. H a l v e r s o n . . . . . President, The First National Bank and TrustCo. of Wheeling, Wheeling, W. V a . . . . . . ' . . . ' 1975

336


1973


Termexpires

DIRECTORS—Cont. District 4—CLEYELAND—Continued Dec. 31

PITTSBURGH BRANCH—-Continued

Appointed by Board of Governors;Robert E. Ki rby . . . . . . . .P res iden t , Industry and Defense Company,

Westinghouse Electric Corporation, Pitts-burgh, P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Richard M. Cyert. . . . . .President, Carnegie-Mellon University, Pitts-burgh, P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Douglas Grymes, . . . . . .P res iden t , Koppers Company, Inc., Pittsburgh,Pa. . 1975


Class A;Thomas P. McLaeMen. .President, MeLachlen National Bank, Wash-

ington, D . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Edward N, E v a n s . . . . . . President, Farmers & Merchants National

Bank of Cambridge, Cambridge, M d . . . . . . . 1974John H. L u m p k i n . . . . . . Chairman and Chief Executive Officer, The

South Carolina National Bank, Columbia,S.C.. . 1975

Class B;

H. Dail Holderness President, Carolina Telephone and TelegraphCompany, Tarboro, N . C . . . . . . . . . . . . . . 1973

Henry C. Hofheimer, I I . . Chairman, Virginia Real Estate InvestmentTrust, Norfolk, V a . . . . . . . . . . . . . . . . . . . . . . . 1974

Osby L. W e i r . . . . . . . . . . General Manager, Metropolitan Washington-Baltimore Area, Sears, Roebuck and Co.,Bethesda, M d . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Class C.-Stuart S h u m a t e . . . . . . . . President, Richmond, Fredericksbtirg and

Potomac Railroad Company, Richmond,V a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

E. Craig Wall, S r . . . . . . . C h a i r m a n of the Board, Canal Industries, Inc.,Conway, S.C. 1974

Robert W. Lawson, J r . . , Senior Partner, Charleston Office, Steptoe &Johnson, Attorneys, Charleston, W. V a . . . . . 1975

337


1973

F.E. BANKS AND BRANCHES-~Co»J»jfife</

Termexpires

District 5—RICHMOND—Continued Dec, 31

BALTIMORE BRANCH

Appointed by Federal Reserwe Bank:J, Stevenson Peck, . . . . .Chairman, of the.Board, Union. Trust Company

of Maryland, Baltimore, M d . . . . . . . . . . . . . . 1973James J. Robinson . . . . . .ExecutiYe Vice President, Bank of Ripley,

R i p l e y , - W . V a . . . . . ; . . . . . . . . . . . . . - . . : . . . • . . • • 1 9 7 3

J. Pierre B e r n a r d , . . , . . , Chairman of the Board, The Annapolis Bank- .Ing and Trust Company, Annapolis, M d . . . . 1974

J. R. Chaffinch, J r . . . . . .President,The Detiton National Bank, Denton,M d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Appointed by Board of Governors:John H. -Petting, J r . . . . . . President, A, H. Fetting Company, Baltimore,

Md. 1973-James G, H a r l o w , . . . . .President, West Virginia University, Morgan-

town, W. V a . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974David W. -Barton, J r . . . . President, Barton-Gillet Company, Baltimore, • •

M d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

CHARLOTTE BRANCH

Appointed by Federal Reserwe Bank:H. Phelps Brooks, J r . . . . President, The Peoples National Bank, Chester,

S . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973C.' C. C a m e r o n . . . . . . . . . Chairman of the Board and President, First

Union National Bank of North Carolina,Charlotte, N . C , . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

L. D, Coltrane, I I I . . . . . President, The Concord National Bank, Con-cord, N . C , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' . 1974

William W. B r u n e r . . . . . Chairman and President, First National Bankof South Carolina, Columbia, S . C . . . . . . . . . . 1975

Appointed by Board of Governors:Charles W. DeBell...... General Manager, North Carolina Works,

Western Electric Company, Inc., Winston-S a l e m , N . C . . . . . . . . . . . . . . . . . . . . . . . . : . . . . 1973

Charles F..Benbow. . . . .Senior Vice President, R. J. Reynolds Indus-tries, Inc., Winston-Salem? N . C . . . . . . . . . . . . . 1974

Robert C. E d w a r d s . . . . . President, Clemson UniYersity, Clemson, S.C... 1975

338


1973


Termexpires

DIRECTORS—Com. District i—ATLANTA Bee. 31

Class A;A, L. E l l i s . . . . . . . . . . . . . C h a i r m a n of the Board, First National Bank,

Tarpon Springs, F l a . . . . . . . . . . . . . . . . . . . . . . 1973Jack P. Keith. . . . . . . . . . P r e s i d e n t , First National Bank of West Point,

West Point, G a . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Sam I. Y a r n e l l . . . . . . . . . Chairman, American National Bank and Trust

Co., Chattanooga, T e n n . . . . . . . . . . . . . . . . . . 1975Class B:

Hoskles A. Shadow. . . . .President, Tennessee Valley Nursery, Inc., Win-chester, T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Owen C o o p e r . . . . . . . . . . President, Mississippi Chemical Corporationand Coastal Chemical Corporation, YazooCity, M i s s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

George W. Jenkins. . . . .Chairman, Publix Super Markets, Inc., Lake-land, F l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Class C;John C. Wilson. . . . . . . . P r e s i d e n t , Home-Wilson, Inc., Atlanta, G a . . . . 1973H. G. Pa t t i l l o . . . . . . . . . . P re s iden t , Pattillo Construction Company, Inc.,

Decatur, G a . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974F. Evans F a r w e l l . . . . . . .President, Milliken and Farwell, Inc., New Or-

leans, L a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

BIRMINGHAM BRANCH

Appointed by Federal Reserve Bank:Wallace D. Malone, Jr.. . President and Chairman of the Board, The First

National Bank of Dothan, Dothan, A i a . . . . . 1973C. Logan T a y l o r . . . . . . Chairman of the Board, The First State Bank of

Oxford, Oxford, A i a . . . . . . . . . . . . . . . . . . . . . 1973W. Eugene Morgan . . . . .President aEd Chief Executive Officer, The

First National Bank of Huntsville, Hunts-ville, A i a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

John T. Oliver. . . . . . . . . P r e s i d e n t , First National Bank, Jasper, Aia. . . 1975

Appointed by Board of Governors:David M a t h e w s . . . . . . . . President, University of Alabama, University,

A l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973William C. Bauer . . . . . . .Pres ident , South Central Bell, Birmingham,

A l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974( V a c a n c y ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

339


1973


Termexpires

DIRECTORS—Cont, District §—ATLANTA—Continued 'Dec. 31

JACXSOHYILLE BRANCH

Appointed by Federal Reserve'Bank;Malcolm C. B r o w n . . . . . President and Chairman of the Board, Florida •

•First National Bank at Brent, Pensaeola, Fla. 1973A. Clewis-Howell . . . . . . .President, 'Marine 'Bank & Trust Company,

Tampa, Fla,, . . . . . . . . . . . . . . . . . . , . . , . . • • -1973Guy W. B o t t s . . . . . . . . . . V i c e - Chairman of the Board, Barnett -Bank of "

• Jacksonville, N.A., Jacksonville, 'Fla, . ' . . . . . 1974Michael JV F r a n c o . . . . . .Chairman of the Board, City National Bank of

. .Miami, Miami, F l a . . . . . . . . . . . . . . . . . . . . . . . • 1975

Appointed 'by Board of Governors:Henry C r a g g . . . . . . . . . . . . V i c e President, .The Coca-Cola Company Foods •

• Division, Winter Park, F l a . . . . . . . . . . . . . . . . 1973Gert H. W. Schmidt. . . ; President, TeLeVision 12 of Jacksonville, Jack-.

sonville, F i a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974James E...Lyons... . . . . . . .President, Lyons Industrial Corporation, Win-

ter- Haven, F l a . . . . . . . . . . . . . . . . . . . . . . . 1975

NASHYILLE BRANCH

Appointed by Federal Reserve Bank:Dan B. .Andrews. . . . . . .Pres ident , First National Bank, Dickson, Tenn.- 1973Edward G. N e l s o n . . . . . . President, Commerce Union Bank," Nashville,

Term... . . . . . . . . . . . . . . . . . . . . . . . . . . . ' . . . . . . , . ' . 1973W. Bryan Wooda rd . . . . . President, Kingsport National Bank, • Kings-

port, T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Robert E. Curry . . . . President, First National Bank of Pulaski,

Pulaski, T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Appointed by Board of Governors:James W. L o n g . . . . . . . . President, Robertson County Farm Bureau,

Springield, T e n n . . . . . . . . . . . . . . . . . . . . . . . . 1973Edward J. B o l i n g . . . . . . .President, The University of Tennessee, Knox-.

ville, T e n n , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974John C Tune . . . . . .....Partner, Butier5 McHugh5 Butler, Tune &

W a t t s , A t t o r n e y s , N a s h v i l l e , T e n n . . . . . . . . . . 1975

340


1973


DIRECTORS—Cont. District 6ÂTLANTA—Continued

TermexpiresDec. 31

NEW ORLEANS BRANCH

Appointed by Federal Reserve Bank:Tom A. Flanagan, Jr . . . .President, Lakeside National Baok of Lake

Charles, Lake Charles, La. 1973Lawrence A, Merrigan. .President, The Bank of New Orleans and Trust

Company, New Orleans, L a , . . . . . . . . . . . . . . 1973Archie R. McDonnell.. .President, Citizens National Bank, Meridian,

M i s s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Ernest F. Ladd, J r . . . . . . Chairman, The • Merchants National Bank,

Mobile, A l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Appointed by Board of Governors:Broadus N. Bu t l e r . . . . . .President, Dillard University, New Orleans, La. 1973Fred Adams, J r . . . . . . . . .P res iden t , Cal-Maine Foods, Inc., Jackson,

M i s s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Edwin J. Caplae. . . . . . .President, Caplan's Men's Shops, Inc., Alex-

andria, L a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

D i s t r i c t 7 — C H I C A G O

Class A:Melvin C. L o c k a r d . . . . .President, First National Bank, Mattoon, 111... 1973Floyd F. Whi tmore . . . . .President, The Okey-Vernon National Bank,

Coming, I o w a . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Edward Byron Smi th . . . . Chairman of the Board, The Northern Trust

Company, Chicago, 111. 1975

Class B:Howard M. Packard. . . .Vice Chairman, S. C. Johnson & Son, Inc.,

Racine, Wis. 1973John T. H a c k e t t . . . . . . . . Executive Vice President, Cummins Engine

Company, Inc., Columbus, I n d . . . . . . . . . . . . 1974Oscar G. Mayer Chairman of Executive Committee, Oscar

Mayer & Company, Madison, W i s . . . . . . . . . 1975

Class C.-John W. Baird . . . . .President, Baird& Warner, Inc., Chicago, 111... 1973William H. F rank l in . . . . Chairman of the Board, Caterpillar Tractor

Co., Peoria, 1 1 1 . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Peter B. Clark. . . . . . . . .Chairman of the Board, President and Pub-

lisher, The Evening News Association,Detroit, M i c h . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

341


1973


DIRECTORS—COM. District 7—CHICAGO—Continued

Term• expiresDec. 31

DETROIT BRANCH

Appointed by Federal Reserve Bank:Ellis B. M e r r y , . . . . . . . . , Director f National Bank of Detroit, Detroi t

• M i c k . -...••. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 3

Harold A. E l g a s . . . . . . . . President, .Gaylord State Bank, Gaylord, Mich.. 1974Joseph B. Foster, . . . . . . P r e s iden t and Chief Executive Officer, Ann

Arbor'Bank, Ann Arbor, M i c h . . . . . . . . . . . . 1975Roland A. Mewhort. . . .Chairman, Manufacturers National Bank of •

Detroit, Detroit, M i c h . . . . . . . . . . . . . . . . . . . . 1975

Appointed by Board of Governors:L. Wm, Seidman. . . . . . .Res iden t Partner, Seidman & Seidman, Grand

• Rapids, Mich. . . . . . . . . . . . . . . . . . . . . ; . . / , . ' 1973Tom K i i l e f e r . . . . . . . . . . . Yice President-Finance, and General Counsel,

Chrysler Corporation, Detroit, M i c h . . . . . . . 1974W. M. Defoe. . . . . . . . . . C h a i r m a n of the Board, Defoe Shipbuilding

. Company, Bay City, Mich, . . . . . . . . . . . . . . . . . 1975

Class A:Bradford. Brett.

Edwin S. J o n e s . . . . . . .

Wm. E. Weigel.......

Class B:Fred I. Brown, Jr . . . . .

James M. Tuholski. ..

Edward J. Schnuck,..

District 8—ST. LOUIS

, President, The First National Bank of Mexico,Mexico, M o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

.Chairman of the Board, First National Bank inSt. Louis, St. Louis, M o . . . . . . . . . . . . . . . . . . 1974

..Executive Vice President, 1st National Bankand Trust Company, Centralia, 1 1 1 . . . . . . . . . 1975

., President, Arkansas Foundry Company, LittleRock, A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

.. President, Mead Johnson & Company, Evans-ville, I n d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' 1974

, .Chairman of the Board, Schnuck Markets,Inc., Bridgeton, M o . . . . . . . . . . . . . . . . . . . . . . 1975

342


1973


Termexpires

DIRECTORS—Com. District 8—ST. LOUIS—Continued Dec. 31

Class C.-Harry M. Young, J r . . . . .Melrose Farm, Herndon, K y . . . . . . . . . . . . . . . . . 1973Frederic M. Pe l rce . . . . . .Chairman of the Board and Chief Executive

Officer, General American Life InsuranceCompany, St. Louis, M o . . . . . . . . . . . . . . . . . 1974

Sam C o o p e r . . . . . . . . . . . President, HumKo Products, Division ofKrafteo Corporation, Memphis, Term. . . . . 1975

LITTLE ROCK BRANCH

Appointed by Federal Reserve Bank:Edward M. Penick . . . . . .President and Chief Eiecutive Officer, Wortfaee

Bank & Trust Company, N.A., Little Rock,A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

( V a c a n c y ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Thomas G. V I n s o n . . . . .President, First National Bank, Batesviiie, Ark. 1975Field W a s s o n . . . . . . . . . . President, The First National Bank, Slioam

Springs, A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Appointed by Board of Gowernors:Roland R. Remmel . . . . .Chairman of the Board, Southland Building

Products Co., Little Rock, A r k . . . . . . . . . . . . 1973Al P o l l a r d . . . . . . . . . . . . . P r e s i d e n t , Ai Pollard & Associates, Little Rock,

A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974W. M. Pierce. . . . . . . . . . P r e s i d e n t , Arkansas Business Development

Corporation, Little Rock, Ark . . . . . . . . 1975

LOUISVILLE BRANCH

Appointed by Federal Reserve Bank:Harold E. J a c k s o n . . . . . . President, The Scott County State Bank, Scotts-

burg, Ind. 1973Hugh M. Shwab. . . . . . .Chairman of the Boards, First National Bank

of Louisville and The Kentucky Trust Com-pany, Louisville, K y . . . . . . . . . . . . . . . . . . . . . . 1974

Herbert J. Smith. . . . . . .P res iden t , The American National Bank &Trust Company, Bowling Green, K y , . . . . . . 1975

Tom G. V o s s . . . . . . . . . . President, The Seymour National Bank, Sey-mour, I n d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

343


1973

F.E. BANKS AND BRANCHES--Co«!i«ff*<f

Termexpires

DIRECTORS—Cont. District 8—ST. LOUIS—Continued -Bee. 31

LOUISYILLE BRANCH— Continued

Appointed, by .Board of Governors:William H. S t roube . . . . .Associate'Dean, 'College of Science and. Tech-

nology, Western Kentucky University, Bowl-ing Green, K y . . . . " . , , , ; , " " . . . . . . . . . . . . . . . . . . ' 1973

James C . Hendershot. . . President and Chief-Operating Officer, -RelianceUniversal Inc.,"Louisville, Ky. . , . ' . . " . . ' . , . ' . ' . 1974

James H. D a v i s . . . . . . . . C h a i r m a n and. Chief Executive Officer, Porter •Paint-Company, Louisville, K y , . . . . . . . . . . . 1975

MEMPHIS' BRANCH

Appointed by Federal Reserve Bank:J. J. White . . . . . . . . . . . . .President , .Helena. .Nat ional Bank, Helena, Ark. 1973Garner L^Hickman. . . . .-Chairman"and President, The First National

"Bank of Oxford, Oxford, Miss. . . . . . . . . . . . . . . . . . .. 1974Ridley A l e x a n d e r . . . . . . . Chairman, The Second National Bank of Jack- • •

son,' Jackson,, Tenn. 1975C. Bennett Harrison, . . .Chairman.of the Board, Union Planters Na- -

tionai Bank of Memphis, Memphis, Tenn.... 1975'

Appointed "by Board of Governors:.Alvin-Huffman j Jr. . ..-. .President, Huffman Brothers Incorporated,

• • B l y t h e y i l l e , ; A r k . . . . . . . . . . . . . . . . " . . . , . . . . . , . . 1 9 7 3C. Whitney B r o w n . . . . . . President, S. C. Toof & Company, Memphis,

T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; . . ' 1974Jeanne L. Ho l l ey . . . . . . . .Ass i s t an t Professor of Business Education-and

Office-Administration, University of Missis-. .sippi, University, M i s s . . . . . . . . . . . . . . . . . . . . 1975

D i s t r i c t 9 — M I N N E A P O L I SClass A:

Philip H. N a s o n . . . . . . . . C h a i r m a n of the Board, The First .National •Bank of Saint Paul, St, Paul, M i n n . . . . . . . . . • 1973

Roy H. Johnson. . . . . . . .Pres ident , The First National Bank of .Negau-nee, Negaunee, M i c h , . . . . . . . . . . . . . .-.-.•.... 1974

David M. S m i t h . . . . . . . . President, 1st National Bank, River Falls, Wis.. 1975

Class B:Dale-V/Andersen. . . . . .President, Mitchell Packing Company, Inc.,..

Mitchell, S. D a k , . . . . . . . . . . . . . . . . . . . . . . . . • 1973John H. Ba i ley . . . . . . . . .P res iden t , The Cretex Companies, Inc., Elk

River, M i e n , . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974David M, Heskett. . . . . .President, Montana-Dakota Utilities Co.;Bis-

marck, N. Dak.. . . . . ' . - . 1975

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Termexpires

DIRECTORS—COM. District 9—MINNEAPOLIS—Continued Dec. 31

Class C:Russ B. Har t . . . . . . . . . . P i e s i d e n t , Hart-Alble Company, Billings,

M o n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Bruce B. Dayton. . . . . . . C h a i r m a n of the Board, Dayton Hudson Cor-

poration, Minneapolis, M i n n . . . . . . . . . . . . . . 1974David M. L i l l y . . . . . . . . . C h a i r m a n of the Board, The Toro Company,

Minneapolis, M i n e . . . . . . . . . . . . . . . . . . . . . . . 1975

HELENA BRANCH

Appointed by Federal Reserve Bank:Richard D. R u b i e . . . . . . President, Missoula Bank of Montana, Mis-

soula, M o n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Robert I. Penner. . . . . . .P res iden t , Citizens First National Bank, Wolf

Point, M o n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974John Re iche l . . . . . . . . . . . P re s iden t , 1st National Bank in Bozeman,

Bozeman, M o n t . . . . ' . . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:William A. Cordiegley, .Publisher, Great Falls Tribune, Great Falls,

M o n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Warren B. Jones. . . . . . .Sscretary-Treasurer, Two Dot Land and Live-

stock Company, Harlowton, M o n t . . . . . . . . . 1974

D i s t r i c t 10—KANSAS C I T Y

Class A:C. Mose M i l l e r . . . . . . . . . Chairman of the Board and President, The

Farmers and Merchants State Bank, Colby,K a n s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

John A. G'Leary. . . . . . .Chairman of the Board, The Peoples StateBank, Luray, E.ans. . . . . . . . . . . . . . . . . . . . . . 1974

Roger D. Knight, J r . . . . .Chairman of the Board, United Banks ofColorado, Inc., Denver, C o l o . . . . . . . . . . . . . . 1975

Class B:Alfred E. Jordan. . . . . . . V i c e President, Trans World Airlines, Inc.,

Kansas City, M o . . . . . . . . . . . . . . . . . . . . . . . . 1973Frank C. L o v e . . . . . . . . . P r e s i d e n t , Kerr-McGee Corporation, Okla-

homa City, O k l a . . . ' . . . . . . . . . . . . . . . . . . . . . . 1974Cecil O. Emr ich . . . . . . . .P res iden t , C. O. Emrlch Enterprises, Norfolk,

N e b r . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

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DIRECTORS—Cont. District il^KANSAS CITY—Continued. Dec. 31

Class C.-Robert T. P e r s o n . . . . . . . President and Chairman of the Board, Public

Service Company of Colorado, Dewer,C o l o . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . - . . - • : . . 1973

Robert W. Wagstaff, . . .Chairman of the Board and President,' Coca-Cola' Bottling 'Company of Mid-America,Kansas City,'Mo. . . ' , . . . . . . , . . , . . . , . . ' . . . . 1974

Harold W. Andersen.. . .President, World Publishing Company, OmahaWorld Herald, Omaha, M e t o r . . . . . . . . . . . . . . . 1975

DEN¥EE BEAMCH

Appointed by Federal Reserve Bank:John W, Hay, J r . . . . . . . .P res iden t , Rock Springs National Bank, Rock

S p r i n g s , W y o . . . . . . . . . . . . . . . . . . . . . , . - . • . - . - ; . • • 1 9 7 3Dale R. Hinman, . . . . . . C h a i r m a n of the Board, The Greeley National

• Bank, Greeley, C o l o , . . . . . . . . . . . . . . . . . . . / . 1974Robert L. T r i p p . . . . . . . . Chairman of the Board and Chief Executi¥e

'Officer, Albuquerque National Bank, Albu-querque, N. M e x . . . . . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:Maurice B. Mitchell. . . .Chancellor, University of Dower, Indian Hills,

C o l o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Edward R. L u c e r o . . . . . .Executive Director, Colorado Economic De-

velopment Association, Lakewood, Colo . . . 1974


Appointed by Federal Reserve Bank:W. H. M c D o n a l d . . . . . . Chairman of the Executive Committee, The

First National Bank and Trust Company ofOklahoma City, Oklahoma City, Okia.«. . . . . 1973

Hugh C. J o n e s . . . . . . . . . Executive Vice President, The Bank of Wood-ward, Woodward, O k l a . . . . . . . . . . . . . . . . . . . 1974

Marvin Millard. . . . . . . . C h a i r m a n of the Board, National Bank ofTulsa, Tulsa? O k l a . . . . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:Joseph H. Wi l l i ams . . . . . President and Chief Operating Officer, The

Williams Companies, Tulsa, O k l a . . . . . . . . . 1973Harley C u s t e r . . . . . . . . . . General Manager, Oklahoma Livestock- Mar-

keting Association, Oklahoma City, Okla. . . 1974

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DIRECTORS—Con/. District 10^KANSAS CITY—-Continued Dec. 31

OMAHA BRANCH

Appointed by Federal Reserve Bank:S. N. Wolbacfa. . . . . . . . . President, The First National Bank of Grand

Island, Grand Island, N e b r . . . . . . . . . . . . . . . . 1973Glenn Y a u s s I . . . . . . . . . . Chairman of the Board, National Bank of

Commerce Trust & Savings, Lincoln, Nebr.. 1973Edward W. L y m a n . . . . .Chairman, The United States National Bank of

Omaha, Omaha, N e b r . . . . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:A. James Ebel. . . . . . . . . V i c e President and General Manager, Cora-

husker Television Corporation, Lincoln,N e b r . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Edward F. O w e n . . . . . . . President, Paxton & Vlerllng Steel Company,Omaha, N e b r . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

D i s t r i c t 11—DALLAS

Class A:J. V. Kelly. . . . . . . . . . . .Chairman of the Board, The Peoples National

Bank of Belton, Belton, T e x . . . . . . . . . . . . . . . 1973A. W. Riter, J r . . . . . . . President, The Peebles National Bank of Tyler,

Tyler, T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Robert H. Stewart, III . .Chairman of the Board, First International

Bancshares, Inc., Dallas, T e x . . . . . . . . . . . . . . 1975

Class B:Carl D. N e w t o n . . . . . . . . C h a i r m a n of the Board, Fox-Stanley Photo

Products, Inc., San Antonio, T e x . . . . . . . . . . 1973Hugh F. S t e e n . . . . . . . . . President, El Paso Natural Gas Company,

Ei Paso, T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Thomas W. Herrick. . . .President, Mesa Agro Inc., Aniarillo, T e x . . . . . 1975

Class C.-John L a w r e n c e . . . . . . . . .Chairman of the Board, Dresser Industries,

Inc., Dallas, Tex. . . . . . . . . . . . . . . . . . . . . . . . 1973Cfaas. F. J o n e s . . . . . . . . . Dean, College of Business Administration,

University of Houston, Houston, T e x . . . . . . . 1974Charles T. Bea l rd . . . . . . .Chairman of the Board, Beaird-Poulan Divi-

sion, Emerson Electric Co., Shreveport, La. 1975

347


1973

F.R. BANKS AND BRANCHES—Con/ifiM^

Termexpires

DIRECTORS—Cont.. • District 11—DALLAS—Continued Dec. 31

EL PASO BRANCH

Appointed by Federal Reserve Bank:Cullen J. K e l l y . , . . , . , . . President and Vice Chairman of the Board,

The First National-Bank of Midland, Mid-land, Tex, . . . . • . . . • • . : . • . : : . . . . . . . . . . . . . . . . . 1973

Wayne S t e w a r t . , , . . , . , . President, First National Bank in Alamogordo,Alamogordo., N. M e x . . . . . . . . . . . . , . , . , , , . . . . 1974

Reed H. Chittim. . . . . . . P r e s iden t and- Chief Executive Officer, FirstNational Bank of Lea'County, Hobbs,"N.M e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Sam D. Young, J r . . . . . . President,. El Paso National Bank, El Paso,Tex.. . . . . - . . : . . . . . . . • . . . . . . . . . . . . . . . . . . . . 1975

Appointed by 'Board of Governors:Herbert M. Schwartz. . . .President, Popular Dry Goods Co., Inc.,

El Paso, T e x , . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Gage H o l l a n d . . . . . . . . . . Owner, Gage' Holland Ranch, Alpine, T e x . . . . . 1974Allan B, Bowman. . . . . .P res iden t , Amax Arizonas Inc., Tucson, Ariz,, , • 1975

HOUSTON BRANCH

Appointed by Federal Reserve Bank:Kline M c G e e , , . . . . . , . . Director, Southern National Bank of Houston,

. . . . Houston, T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Seth W. D o r b a n d t . . . . . . Chairman of the Board and President, First

National Bank in Conrae? Conroe, Tex. . . . . . . 1974Bookman Peters President, The City National Bank of Bryan, •

Bryan, T e x , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Nat S. R o g e r s . . . . . . . . . . President, First City National Bank of Hous-

ton, Houston, Tex. . . . . . . . . . . . . . . . . . . * . , . . • 1975

Appointed by Board of Governors:M. Steele Wright, Jr.. » . ; Chairman of the Board, Texas Farm Products

Company, Nacogdoches, T e x , . . . . . . . . . . . . . 1973Carl B.-Sherman. . . . . . .P res iden t , Houston Lighting & Power Com-

pany, Houston, T e x . . . . . . . . . . . . . . . . . . . . . . 1974Alvin I. T h o m a s . . . . . . . . President, Prairie View A&M University,

Prairie View, T e x , . . . . . . . . . . . . . . . . . . . . . . . 1975

348


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DIRECTORS—Cont. District 11—DALLAS—Continued Dec. 31

SAM ANTONIO BRANCH

Appointed by Federal Reserve Bank:Ray M. Keck, J r . . . . . . . . C h a i r m a n of the Board and President, Union

National Bank of Laredo, Laredo, T e x . . . . . 1973Leon S t o n e . . . . . . . . . . . . P r e s i d e n t , The Austin National Bank, Austin,

T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Richard W. Calvert President, National Bank of Commerce of San

Antonio, San Antonio, T e x . . . . . . . . . . . . . . . 1975W. O. Rober son . . . . . . . .Cha i rman of the Board, First National Bank at

Brownsville, Brownsville, T e x . . . . . . . . . . . . . . 1975

Appointed by Board of Governors:Irving A. Mathews. . , . .Chairman of the Board and Chief Executive

Officer, Frost Bros., San Antonio, T e x . . . . . 1973Marshall Boykin, I I I . . . .Partner, Wood, Boykin & Wolter, Lawyers,

Corpus Christ!, T e x . . . . . . . . . . . . . . . . . . . . . . 1974Pete J. Morales, J r . . . . . . President and General Manager, Morales

Feedlots, Inc., Devine, T e x , . . . . . . . . . . . . . . . 1975

D i s t r i c t 12—SAN F R A N C I S C O

Class A:A. W. C l a u s e n . . . . . . . . . President and Chief Executive Officer, Bank of

America NT & SA» San Francisco, Calif... 1973Carl E. Schroeder. . . . . .President, The First National Bank of Orange

County, Orange, C a l i f , . . . . . . . . . . . . . . . . . . . 1974James E. P h i l l i p s . . . . . . . President, First National Bank in Port Angeles,

Port Angeles, W a s h . . . . . . . . . . . . . . . . . . . . . . 1975

Class B:M a r r o n K e n d r i c k . . . . . . President and C h a i r m a n of the Boa rd , Schlage

L o c k C o m p a n y , San Franc i sco , C a l i f . . . . . . . 1973Char les R . D a h l . . . . . . . . President and Chief Executive Officer, C r o w n

Zellerbach, San Franc isco , C a l i f , . . . . . . . . . . 1974Joseph R o s e n b l a t t . . . . . . H o n o r a r y C h a i r m a n of t he Board , T h e E i m c o

Corpo ra t i on , Salt L a k e City, U t a h . . . . . . . . . 197.5

349


1973

F.E. BANKS AND BRASCHBS—Continued

Termexpires

DIRECTORS—Cowl. District 12—SAN FRANCISCO—Continued Dec. 31

Class C:O. Meredith W i l s o n . . . . President and Director, Center for Advanced

Study in the Behavioral Sciences, Stanford,Calif.. . . . . . . . . . ' . . . 7 . . . " . ' . . . . . . . . . . . . . . . . . 1973

Mas O j i . . . . . . . . . . . . . . . P r e s i d e n t , Oji Bros. Farm, Inc., Yuba City,C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Joseph F. Al ibrandi . . . . . President, Whittaker Corporation, Los An-geles, C a l i f . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

LOS ANGELES BRANCH

Appointed by Federal Reserve Bank:Carl E. .Hartnack. . . . . . .President , Security • Paciic National Bank,

Los Angeles, C a l i f . . / , . , . . . . . . . . , . . . . . . . . 1973Linus E. Southwick. . . . . President, Valley National Bank, Glendale,

C a l i f . . . . . . . . . , . . . . . - . / . . . . . . . . . . . . . . . . . . 1973Rayburn S, Dezember.. . Chairman of the Board and President, Ameri-

can National Bank,'Bakersfield, Cal i f . . . . . . . 1974W. Gordon Ferguson. . . President, National Bank of Whittier, Whittier,

C a l i f . . . . . . . . . . . . ; . . - . . . . . . . . . . . . . . . . . . . . . 1975

Appointed by Board of Governors:Edward A. S l o a n . . . . . . . President, Sloan's Dry Cleaners, Los Angeles,

. . C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973Joseph R. Vaugfaan.. . . . President, Knudsen Corporation, Los Angeles,

C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Leland D. P r a t t . . . . . . . . P r e s i d e n t , Kelco Company, San Diego, Calif,.. 1975

POETLAND BRAMCH

Appointed by Federal Reserve Bank:LeRoy.B. Staver. . . . . . . C h a i r m a n , of the Board and Chief Executive

Officer, United States National Bank of Ore-gon, Portland, O r e g . . . . . . . . . . . . . . . . . . . . . . . 1973

Frank L, Servoss . . . . . . .Pres ident , Crater National Bank of Medford,Medford, O r e g . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

James H. S t a n a r d . . . . . . Vice President, First National Bank ofMcMinnville, McMInnYille, O r e g , . . . . . . . . . 1974

Appointed by Board of Governors:F r a n k A n d e r s o n . . . . . . . . F a r m e r , H e p p n e r , O r e g . . . . . . . . . . . . . . . . . . . . . 1973J o h n R . H o w a r d . . . . . . . P r e s i d e n t , Lewis a n d C l a r k Col lege , P o r t l a n d ,

O r e g , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

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DIRECTORS—Co/i/. District 12—SAN FRANCISCO—Continued Dec, 3!


Appointed by Federal Reserve Bank:Joseph B i a n c o . . . . . . . . . C h a i r m a n of t he B o a r d a n d Pres iden t , B a n k of

I d a h o , Boise , I d a h o . . . . . . . . . . . . . . . . . . . . . . 1973R o d e r i c k H . B r o w n i n g .Pres iden t , B a n k of U t a h , O g d e o , U t a h . . . . . . . 1974R o y W . S i m m o n s . . . . . . Pres ident , Zions F i r s t N a t i o n a l B a n k , Salt L a k e

C i t y , U t a h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 4

Appointed by Board of Governors:Theodore C. Jacobsen.. .Chairman of the Board, Jacobsee Construction

Company, Inc., Salt Lake City, U t a h . . . . . . 1973Sam H. Bennion. . . . . . .Secretary-Treasurer, ¥-1 Oil Company, Inc.

and Weatfaertite Block Co., Idaho Falls,I d a h o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

SEATTLE BRANCH

Appointed by Federal Reserve Bank:Joseph C. Baillargeon.. .Chairman of the Board and Chief Executive

Officer, Seattle Trust & Sa¥ings Bank, Seattle,W a s h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1973

Harry S. Goodfeiiow... .President, Old National Bank of Washington,Spokane, W a s h . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Robert C. Whitwam, . . .President, American National l a n k of Ed-monds, Edmonds, W a s h , . . . . . . . . . . . . . . . . . 1974

Appointed by Board of Governors:Thomas T. H i r a i . . . . . . . President, Quality Growers Company, Inc.,

WoGdievi l te , W a s h . . . . . . . . . . . . . . . . . . . . . . . 1973C. H e n r y B a c o n , J r . . . . . Vice C h a i r m a n , S i m p s o n T i m b e r C o m p a n y ,

Seat t le , W a s h . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

351


1973

F.R. BANKS AND BRANCHES—COJI/IJ*«^

PRESIDENTS AND VICE PRESIDENTS(December 31, 1973)

FederalReserve

Bankor branch

Boston

New York. . .

Buffalo

Philadelphia.

Cleveland. .

Cincinnati

Pittsburgh

Richmond. .


Frank E. MorrisJames A. Mclntosh

Alfred HayesRichard A. Debs



Robert P. Black(Temporarily vacant)

Vice Presidents

D. Harry AngneyLee J. AubreyF. K. CummingsL. M. Hoyle, Jr.Niels O. LarsenRichard E. RandallJ. M. Thayer, Jr.Richard A. Walker

David E. BodnerCharles A. CoombsKarl L. EgeGeorge GarvyAlan R. HolmesLeonard LapidusFred W. Piderit, Jr.A. Marshall PuckettF. L. SmedleyT. M. Timlen, Jr.H. David Willey

Daniel AquilinoNorman T. ByrnesR. W. EisenmengerThomas F. Hunt, Jr.Donald A. PelletierLaurence H. StoneJames T. Timberlake

W. H. Braun, Jr.Richard G. DavisPeter FousekEdward G. GuyJohn T. KeanePaul MeekEverett B. PostThomas C. SloanePeter D. SternlightThomas O. Waage


Hugh BarrieJoseph M. CaseD. Russell ConnorRichard W. EppsH. H. HollowayJoseph R. JoyceG. William MetzWilliam E. RomanRobert R. Swander

John E. BirkyPaul BreidenbachW. H. HendricksHarry W. HuningT. E. Ormiston, Jr.R. E. Showalter

Charles A.

Edward G. BoehneHugh ChairnoffThomas K. DeschW. Lee HoskinsWilliam A. JamesA. A. KudelichL. C. Murdoch, Jr.Kenneth M. Snader

George E. Booth, Jr.R. Joseph GinnaneWilliam J. HocterR. Thomas KingLester M. SelbyDonald G. VincelCerino

Fred O. KielSamuel G.Robert D.

L. W. Bostian, Jr.John G. DeitrickH. Ernest FordA. V. Myers, Jr.James ParthemosJohn F. RandAubrey N. Snellings

CampbellDuggan

W.T.CunninghamJr.Welford S. FarmerWilliam C. GloverJohn L. NoskerC. D. Porter, Jr.R. E. Sanders, Jr.Andrew L. Tilton


1973



FederalReserve

Bankor branch

Richmond—Cont.

Baltimore

Charlotte

Culpeper 1

Atlanta

Birming-ham

Jackson-ville

Miami *NashvilleNew

OrleansChicago

Detroit

St. Louis

LittleRock

LouisvilleMemphis





Vice Presidents

H. Lee Boatwright, IIIGerald L. WilsonBoyd Z. EubanksJ. R. MonhollonStuart P. FishburneJ. Gordon Dickerson, Jr.Albert D. Tinkelenberg

Harry Brandt Charles D. EastRobert P. Forrestal Billy H. HargettRobert E. Heck Arthur H. KantnerJ. E. McCorvey Brown R. RawlingsRichard A. Sanders Charles T. TaylorPierre M. Viguerie

Hiram J. Honea


George C. Guynn

Carl E. Bie-bauer George W. CloosLeRoy A. Davis R. W. DybeckEdward A. Heath Ward J. LarsonR. A. Moffatt J. R. MorrisonLouis J. Purol R. M. Scheide-Karl A. Scheld Harry S. SchultzRoby L. Sloan Bruce L. SmythJack P. Thompson Allen G. Wolkey

William C. ConradRonald L. Zile

Leonall C. Andersen Ruth A. BryantJoseph P. Garbarini W. W. GilmoreJerry L. Jordan John W. MengesD. W. Moriarty, Jr. F. G. Russell, Jr.Charles E. Silva Harold E. Uthoff

John F. BreenDonald L. HenryL. Terry Britt

1 Not considered a branch


1973



FederalReserve

Bankor branch

Minneapolis .

Helena

Kansas City..

DenverOklahoma

CityOmaha

Dallas

El PasoHouston

SanAntonio

SanFrancisco..

LosAngeles

PortlandSalt Lake

CitySeattle





John J. BallesJohn B. Williams

Vice Presidents

Frederick J. CramerL. W. FerneliusThomas E. GainorDouglas R. HellwegD. R. McDonaldJohn P. OlinR. W. Worcester

Howard I

W. T. BillingtonThomas E. DavisJoseph R. EuansJ. David HamiltonG. H. Miller, Jr.Sheldon W. Stahl

George C.

William GRobert D.

Robert H. BoykinLeon W. CowanLarry D. HigginsW. M. PritchettT. R. Sullivan

FredericJames L.Rasco R.

Ralph J. DreitzlerLester G. GableRoland D. GrahamJohn A. MacDonaldClarence W. NelsonC. A. Van Nice

.̂ Knous

H. R. CzerwinskiRaymond J. DollJ. Roger GuffeyWayne W. MartinM. L. M otherseadRobert E. ThomasRankin

. EvansHamilton

G. C. Cochran, IIIRalph T. GreenJames A. ParkerT. J. SalvaggioE. W. Vorlop, Jr.

W. ReedCauthenStory

Carl H. Moore

James M. BrundyWesley G. DeVriesRichard C. DunnH. B. JamisonD. V. MastenLouis E. ReillyWilliam J. Sumner

James M.Gerald R

A. S. CarellaRobert C. DietzW. H. HutchinsThomas E. JudgeRix Maurer, Jr.Kent O. Sims

Davis. Kelly

W. M. Brown

A. GrantPaul W. <James J.

Holman"avanCurran


1973



ence of Presidents that meets from time to time to consider matters of com-mon interest and to consult with and advise the Board of Governors. At ameeting on March 20, 1972, Mr. Monroe Kimbrel and Mr. Philip E. Cold-well, Presidents of the Federal Reserve Banks of Atlanta and Dallas, wereelected Chairman and Vice Chairman, respectively, for the forthcoming Con-ference year. At the meeting on March 19, 1973, Mr. Coldwell and Mr. FrankE. Morris, President of the Federal Reserve Bank of Boston, were electedChairman and Vice Chairman, respectively, for the forthcoming Conferenceyear, ending with the March 1974 meeting.

At the March 1972 meeting, Mr. H. Terry Smith and Mr. Robert Smith, III,of the Federal Reserve Banks of Atlanta and Dallas, were appointed Secretaryand Assistant Secretary, respectively. At the March 1973 meeting, Mr. RobertSmith, III, and Mr. Herbert F. Wass, Federal Reserve Bank of Boston, wereappointed Secretary and Assistant Secretary, respectively.

CONFERENCE OF FIRST VICE PRESIDENTSThe Conference of First Vice Presidents of the Federal Reserve Banks

was organized in 1969 to meet from time to time, primarily for the consider-ation of operational matters. Effective May 2, 1972, Mr. Kyle K. Fossum(First Vice President of the Federal Reserve Bank of Atlanta) and Mr.T. W. Plant (First Vice President of the Federal Reserve Bank of Dallas)were elected Chairman and Vice Chairman, respectively, of the Conference.Mr. H. Terry Smith and Mr. Robert Smith, III were appointed Secretary andAssistant Secretary, respectively.

On May 1, 1973, the Conference elected Mr. Plant as Chairman and Mr.Earle O. Latham (First Vice President of the Federal Reserve Bank of Bostonuntil his retirement) as Vice Chairman, to be succeeded by Mr. James A.Mclntosh, upon his appointment as First Vice President of the Federal ReserveBank of Boston, effective June 15, 1973; and appointed Mr. Robert Smith,III, and Mr. Herbert F. Wass, as Secretary and Assistant Secretary, respec-tively, for the forthcoming Conference year.


1973

FEDERAL RESERVE BANKS ANDBRANCHES

(December 31, 1974)





James S. DuesenberryRoswell L. GilpatricJohn R. ColemanHorace A. ShepardRobert W. Lawson, Jr.H. G. PattilloWilliam H. FranklinEdward J. SchnuckBruce B. DaytonRobert W. WagstaffJohn LawrenceO. Meredith Wilson

DeputyChairman

Louis W. CabotFrank R. MillikenEdward J. DwyerRobert E. KirbyE. Craig WallC. M. Kirtland, Jr.Peter B. ClarkSam CooperJames P. McFarlandRobert T. PersonCharles T. BeairdJoseph F. Alibrandi


ference of Chairmen that meets from time to time to consider matters ofcommon interest and to consult with and advise the Board of Governors.Such meetings, attended also by Deputy Chairmen of the Reserve Banks, wereheld in Washington on June 7 and December 5 and 6, 1974.

Mr. Robert W. Wagstaff, Chairman of the Federal Reserve Bank of KansasCity, who was elected Chairman of the Conference and of its Executive Com-mittee in December 1973, served in that capacity until the close of the 1974meetings. Mr. Roswell L. Gilpatric, Chairman of the Federal Reserve Bank ofNew York, and Mr. William H. Franklin, Chairman of the Federal ReserveBank of Chicago, served with Mr. Wagstaff as members of the ExecutiveCommittee; Mr. Gilpatric also served as Vice Chairman of the Conference.

On December 6, 1974, Mr. Gilpatric was elected Chairman of the Confer-ence and of its Executive Committee to serve for the succeeding year; Mr.H. G. Pattillo, Chairman of the Federal Reserve Bank of Atlanta, was electedVice Chairman of the Conference and a member of the Executive Committee;and Mr. John Lawrence, Chairman of the Federal Reserve Bank of Dallas,was elected as the other member of the Executive Committee.


1974


DIRECTORS

Class A and Class B directors are elected by the member banks of the district.Class C directors are appointed by the Board of Governors of the Federal ReserveSystem.

The Class A directors are chosen as representatives of member banks and, as amatter of practice, are active officers of member banks. The Class B directors maynot, under the law, be officers, directors, or employees of banks. At the time of theirelection they must be actively engaged in their district in commerce, agriculture, orsome other industrial pursuit.

The Class C directors may not, under the law, be officers, directors, employees,or stockholders of banks. They are appointed by the Board of Governors as repre-sentatives not of any particular group or interest, but of the public interest as a whole.

Federal Reserve Bank branches have either five or seven directors, of whom amajority are appointed by the Board of Directors of the parent Federal ReserveBank, and the others are appointed by the Board of Governors of the FederalReserve System.

Termexpires


Class A:Mark C. Wheeler President, New England National Bank, Bos-

ton, Mass 1974William M. Honey President, The Martha's Vineyard National

Bank, Vineyard Haven, Mass 1975Francis N. Southworth. .Chairman of the Board and President, Concord

National Bank, Concord, N.H 1976

Class B:W. Gordon Robertson.. General Trustee, Bangor, Maine 1974AlfredW. VanSinderen..President, The Southern New England Tele-

phone Company, New Haven, Conn 1975G. William Miller President, Textron Inc., Providence, R.I 1976

Class C:James S. Duesenberry.. .Chairman, Department of Economics, Harvard

University, Cambridge, Mass 1974Louis W. Cabot Chairman of the Board, Cabot Corporation,

Boston, Mass 1975Kenneth I. Guscott President, Ken Guscott Associates, Boston,

Mass 1976


1974


Termexpires

DIRECTORS—Con/. D i s t r i c t 2—NEW Y O R K Dec. 31

Class A:Norman B r a s s i e r . . . . . . . Chairman of the Board and Chief Executive

Officer, New Jersey Bank, N.A., Paterson,N J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Newman E. Walt, Jr.. . . President, Adirondack Trust Company, Sara-toga Springs, N . Y . . . . . . . . . . . . . . . . . . . . . . . 1975

David Rockefe l le r . . . . . . Chairman of the Board, The Chase ManhattanBank, N.A., New York, N . Y , . . . . . . . . . . . . . 1976

Class B:William S. S n e a t h . . . . . . President, Union Carbide Corporation, New

Y o r k , N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Jack B. Jackson . . . . . . . .P res iden t , j . C, Penney Co., Inc., New Yorks

N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Maurice F. GranvIIe . . . .Chairman of the Board, Texaco, Inc., New

York, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

doss C:Roswell L, Gilpatric... .Partner, Cravath, Swaine and Moore, Attor-

neys, New York, N.Y. 1974Frank R. M i l k e n , . . . . .President, KeiiEecott Copper Corporation,

New York, N.Y. 1975Alan P i f e r . . . . . . . . . . . . . P r e s i d e n t ^ Carnegie Corporation of New York,

New York, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . i§76

BUFFALO BRANCH

Appointed by Federal Reserve Bank:Theodore M. McClure. .President, The Citizens National Bank and

Trust Company, Wellsville, N . Y . . . . . . . . . . . 1974Claude F, Shuchter, . . , .Chairman and Chief ExecutiYe Officer, Manu-

facturers and Traders Trust Company,Buffalo, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

J. Wallace E l y . . . . . . . . . President, Security Trust Company of Roches-ter, Rochester, N . Y . . . . . . . . . . . . . . . . . . . . . . 1976

Daniel G. Ransom. . . . .President, The Wm. Hengerer Co., Buffalo,N . Y . . . . , . . . . , . . . . , . . . . , . , . . . , . . , , . . . . . . 1976

Appointed by Board of Governors:Norman F. B e a e h . . . . . . Vice President and General Manager, Kodak

Park Division, Eastman Kodak Company,Rochester, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Donald Nesb i t t . . . . . . . .Owner -Opera to r , Silver Creek Farms, Albion,N . Y , . . . . . , , . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Rupert W a r r e n . . . . . . . . . Former President, Trlco Products Corporation,Buffalo, N . Y . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

354


1974

F.R. BANKS AND BRANCHES—Contwtied

Term,expires

DIRECTORS—CO*;. District J—PIffl.APELPf HA Bee. 31

Class A:John C. Tuten. . . . . . Chairman of the Board and Chief Executive

Officer, National Central Bank and NationalCentral Financial Corporation, Lancaster,P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

John H. H a s s l e r . . . . . . . . President, The City National Bank and TrustCompany of Salem, Salem, N J , . . . . . . . . . . . 1975

Thomas L. Miller. . . . . .President, Upper Oauphin National Bank,Millersburg, P a . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Class B:C GrahamBerwind5 Jr.. .President and Chief ExecutiYe Officer, Berwind

Corporation, Philadelphia, P a . . . . . . . . . . . . 1974Bernard D. Broeker , . . Fxecutive Vice President, Bethlehem Steel

Corporation, Bethlehem, Pa.. . . . . . . . . . . . . 1975William S, Masland. . , . .President, C. H. Maskmd «& Suns, C "arlisle, Pa.. 1976

Class C:E. W. Robinson, J r . . . . President, Provident Home Industrial Mutual

Life Insurance Company, Philadelphia, P a . . . 1974Edward J. Dwyer . . . . . . .Chairman of the Board, ESB Incorporated,

Philadelphia, P a . . . . . . . . . . . . . . . . . . . . . . . . . 1975John R. Coleman. . . . . . President, Ha¥erford College, Ha¥erford» Pa . , . 1976

District 4—-CLEVELAND

Class A:A. Bruce Bowden. . . , . , .Retired Vice Chairman, Mellon Bank, N.A.,

Pittsburgh, P a . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974DaYld L. Brumhack, Jr. .President, Van Wert National Bank, ¥an Wert,

O h i o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Edward W. Barker. , . . .Chairman of the Board, First National Bank

of Middletown, Middletown, Ohio, . . . . . . . 1976

Class B:Donald E, N o b l e . . . . . , Chairman of the Board and Chief Executive

Officer, Rubbermaid Incorporated, Wooster,O h i o . . . . . . . . . . . . . . . . . . . . .. . . . . . . 1974

Rene C. McPherson., , .Chairman of the Board and Chief ExecutiveOfficer, Dana Corporation, Toledo, O h i o . . . . 1975

Charles Y. Lazarus , . , .Chairman of the Board, The F, & R. I a/arusCo., Columbus. Ohio. . . . , . , , . . . . . . . . . . . 1976

355


1974

F.R, BANKS AND BRANCHES—Continued

Termexpires

DIRECTORS—Cow/. District 4—CLEVELAND—Continued Dec. 31

Class C:Horace A. Shcpard. , .. .Chairman of the Board and Chief ExecutiYe

Officer, T E W Inc., Cleveland, O h i o . . . . . . . . 1974Otis A. Singletary. . . . . .President, University of Kentucky, Lexington,

K y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Robert E. Kirby. . . . . . . V i c e Chairman -Operations, Westinghouse

Electric Corporation, Pittsburgh, P a . . . . . . . . 1976

CINCINNATI BRANCH

Appointed by Federal Reserve Bank;E. Paul W i l l i a m s . . . . . . . C h a i r m a n of the Board, The Second National

Bank of Ashland, Ashland, K y . . . . . . . . . . . . 1974Paul W. Christensen, Jr..President, The Cincinnati Gear Company,

C i n c i n n a t i , O h i o . . . . . . . . . . . . . . . . . . . . . . . . 1975Robert E. H a l l . . . . . . . . . P r e s i d e n t , T i e First National l a n k & Trust

Company, Troy, O h i o . . . . . . . . . . . . . . . . . . . . 1975Joseph F. R j p p e , . . . . . . . P r e s i d e n t , The ProYldent Bank, Cincinnati,

O h i o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Appointed by Board of Governors:Graham E. M a r x . . . . . . . President and General Manager, The G. A.

Gray Company, Cincinnati, O h i o . . . . . . . . . . 1974Phillip R. Shr ive l* . . . . . . . President, Miami UniYersity, Oxford, O h i o . . . . 1975Clalr F . V o u g h . . . . . . . . . V i c e President, Office Products Division, IBM

Corporation, Lexington, K y . » , . , . , , . , » . . . . 1976

PITTSBURGH BRANCH

Appointed by Federal Reserve Bank:Charles F. Ward.......President, Gallatin National Bank, Uniontown,

P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Robinson F. Barker... .Chairman and Chief ExecutlYe Officer, PPG

Industries, Inc., Pittsburgh, P a . . . . . . . . . . . . . 1975Jerry A. Halverson.... .President, The First National Bank and Trust

Company of Wheeling, Wheeling, W. Va.... 1975M. E. Lambing, J r . . . . . .President and Chief Executive Officer, The First

National Bank of Pennsylvaniaf Erie, Pa. . . . 1976

356


1974

F.R. BANKS AND BRANCHES—Con tinned

Termexpires

DIRECTORS—Co/i/. District 4—CLEVELAND—Continued Dec, 31

ITFTSJUfRCai BRANCH—Continued

Appointed by Board of Governors:Richard M. Cyert, . . . . .President, Carnegse-Mdion University, Pitts-

burgh, P a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Robert J. Buckley, . . . . .President, Allegheny-Ludlum Industries, Inc.,

Pittsburgh, P a . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975G, Jackson Tankersley.. President, Consolidated Natural Gas Company,

Pittsburgh, P a . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

District 5—•RICHMOND

Class A :Edward N. EYEHS. . . . . .President. Farmers and Merchants National

Bank of Cambridge, Cambridge, M d . . . . . . . 1974John H. L u m p k i n , . . . . .Chairman and Chief ExecutiYe Officer, The

South Carolina National Bank, Columbia,S C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Plato P. Pearson, J r . . . . . President, Citizens National Bank in Gastonia,Gastonia, N . C . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Class B:Henry Clay Hofheimer. .Chairman, Virginia Real Estate Investment

Trust, Norfolk, V a . . . . . . . . . . . . . . . . . . . . . . . 1974Oshy L. W e i r , . . . . . . . . . R e t i r e d General Manager, Metropolitan

Washington-Baltimore Area, Sears, Roebuckand Company, Bethesda, M d . . . . . . . . . . . . . . 1975

Andrew L. Clark , . . . . . .P res iden t , Andy Clark Ford, Inc., Princeton,W. V a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Class C:E. Craig W a i , S r . . . . . . .Chairman of the Board, Canal Industries, Inc.,

Conway, S . C . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Robert W. Lawson, Jr.. .Senior Partner, Charleston Office, Steptoe and

Johnson, Attorneys, Charleston, W. V a . . . . . 1975E, Angus Powell. . . . . . . C h a i r m a n of the Board, Lea Industries, Inc.,

Richmond, V a . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

357


1974

P.E. BANKS AND BRANCHES—Continued

Termexpires

Com. District 5—RICHMOND—Continued Dec. SI

BALTIMORE BEANCH

Appointed by Federal Reserve Bank:J. Pierre B e r n a r d . . . . . . . Chairman of the Boards The Annapolis Bank-

ing and Trust Company, Annapolis, M d , . . . 1974J. R. Chaffinch, J r . . . . . . President, The Denton National Bank, Denton,

M d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975J. Stevenson P e c k . . . . . . Chairman of the Board, Union Trust Company

of Maryland, Baltimore, M d . . . . . . . . . . . . . . 1976Lacy I, Rice, J r . . . . . . . . . President, The Old National Bank of Martins-

burg, Martinsburg, W. Va., and President,Suburban National Bank of Martinsburg,Martinsburg, W. V a . . . . . . . . . . . . . . . . . . . . . 1976

Appointed by Board of Governors:James G. H a r l o w . . . . . . . President, West Virginia University, Morgan-

town, W. V a . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974David W. Barton, Jr. . . .President, The Bar ton-d ie t Company, Balti-

more, M d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975I. E. K i l l i a n . . . . . . . . . . . Manager, Eastern Region, Exxon Company,

U.S.A., Baltimore, M d . . . . . . . . . . . . . . . . . . . 1976

CHARLOTTE BRAMCH

Appointed by Federal Reserve Bank:L. D. Coltrane, I I I , . . . .President, The Concord National Bank, Con-

cord, N . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974William W. Brunei*. . . . . Chairman of the Board and President, First

National Bank of South Carolina^ Columbia,S . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Thomas L. B e n s o n . . , . .President, The Conway National Bank, Con-way, S . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

W. B. Apple, J r . . . . . . . . P r e s i d e n t , First National Bank of Reidsville,Reidsville, N . C . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Appointed by Board of Governors:Charles F. Bentoow.. . . . Senior ¥ice President, R. J, Reynolds Indus-

tries, Inc., Winston-Salem, N . C . . . . . . . . . . . . 1974Robert C. Edwards . . . . .President, Clemson University, Clemson, S .C . 1975Charles W. DeBell . . . . . .General Manager, North Carolina Works,

Western Electric Company, Inc., Winston-Salem, N . C . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

358


1974


Termexpires

DIRECTORS—Co/r*. District 6—ATLANTA Dec, 31

Class A:Jack P. K e i t h . . . . . . . . . President, First National Bank of West Point,

West Point, G a . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Sam I. Y a r n e l l . . . . . . . . ('hnirman, American National Bank and Trust

Company, Chattanooga, T e n n . , , . . , . . . . , , . 1975John T. Oliver, J r . . . . . . . President, First National Bank of Jasper,

Jasper, A l a , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Class B:Ulysses V, G o o d w y n . . . .Executive ¥ ice President, Southern Natural

Resources, Inc., Birminglianij A l a . . . . . . . . . . 1974George W, Jenkins . . . . .Chairman, Publix Super Markets, Inc., Lake-

land, F l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Robert T. Hornbeck. . . .Manager, Tennessee Operations, Aluminum

Company of America, Alcoaf T e n n , . . . . . . . . 1976

Class C:H. G. P a t t i l l o . . . . . . . . . President, Pattillo Construction Company, Inc.,

Decatur, Cm,.................. . . . . . . . . 1974F. Evans F a r w e l l . . . . . . .President, Milliken & Farwell, fnc, New Or-

leans, l . a . . . . . . . . . . . . 1975C. M. Kirtland, Jr.. . . President, Cox Broadcasting Corporation,

Atlanta, Ga. . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

BIRMINGHAM BRANCH

Appointed by Federal Reserve Bank:W. Eugene M o r g a n . . . . . President and Chief Executi¥e Officer, The

First National Bank of Huntsville, Hunts-ville, A l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

John Alexander, J r . , . . . .President, City National Bank of Birmingham,Birmingham, A l a . . . . . . , . , . . , , , . . . , . , . , , . 1975

Clarence L. Ttirnipseed. President, First National Bank of Brewton,Brewton, A l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

John Maples, Jr. . . . . . . . Executive Vice President, Union Bank & TrustCompany, Montgomery, A l a . . . . . . . . . . . . . . 1976

Appointed by Board of Gowernors:William C. B a u e r . . . . . . . P r e s i d e n t , South Central Bell, Birmingham,

A l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Frank P. Samford, J r . . . , Chairman of the Board, Liberty National Life

Insurance Company, Birmingham, A l a . . . . . . 1975David M a t f a e w s . . . . . . . . President, University of Alabama, UniYersity,

A l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

359


1974

F.R. BANKS ANP BRANCHES—Continued

Termexpires

DIRECTORS—-Co/i/. District 6—ATLANTA—Continued Dec. 31

JACKSONVILLE BRANCH

Appointed by Federal Reserve Bank:Guy W. Botts . . . . . . . . . . ¥ice Chairman of the Board, Barmett Bank of

J a c k s o n v i l l e , N . A . , J a c k s o n v i l l e , F l a . . . . . . . . 1 9 7 4Michael J. F r a n c o . . . . . .Chairman of the Board, City National Bank of

Miami, Miami, F l a . . . . . . . . . . . . . . . . . . . . . . 1975William K. de Veer , . . . .President, First National Bank in Palm Beach,

Palm Beach, F l a . . . . . . . . . . . . . . . . . . . . . . . . . 1976Richard A. Cooper. . . . .Chairman of the Board, First National Bank

of New Port Ricfaey, New Port Richey, Fla . . . 1976

Appointed by Board of Governors:Gert H. W. Schmidt . . . .President, TeLeYIsion 12 of Jacksonville, Jack-

sonville, F l a , . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974James E, L y o n s . . . . . . . . President, Lyons Industrial Corporation,

Winter Haven, F l a . . . . . . . . . . . . . . . . . . . . . . . 1975Egbert R. B e a l l . . . . . . . . President, Beall's Department Stores, Braden-

ton, F l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

NASHYILLE BRANCH

Appointed by Federal Reserve Bank:W. Bryan Wooda rd . . . . . Chairman of the Board, First Tennessee Na-

tional Bank, Kingsport, T e n e . . . . . . . . . . . . . 1974Robert E. C u r r y . . . . . . . . President, First National Bank of Pulaski,

Pulaski, T e n e . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975T. Scott Fillebrown, J r . . . President, First American National Bank of

Nashville, Nashville, T e n i i . . . . . . . . . . . . . . . . 1976Fred R. L a w s o n . . . . . . . . President, Mount National Bank of Mary vile,

MaryYiile, T e n e t . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Appointed by Board of Governors:Edward J. Bol ing. . . . . . .President , The University of Tennessee, Knox-

ville, T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974John C. T u n e . . . . . . . . . . P a r t n e r , Butler, Tuee, and Entrekin, Attorneys,

Nashville, T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . 1975James W. L o n g » » . . . . . . President, Robertson County Farm Bureau,

Springfield, Tenn. 1976

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MEW ORLEAMS BRANCH

Appointed by Federal Reserve Bank:Archie R. McDonnell,. . President, Citizens National Bank, Meridian,

Miss.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Ernest F. Ladd, J r . . . . . .Chairman, The Merchants National Bank,

Mobile, A l a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975James H. J o n e s . . . . . . . . Chairman of the Board and Chief Executive

Officer, First National Bank of Commerce,New Orleans, L a . . . . , . , . . , . . . , . . , . . . . . . . 1976

Charles W. McCoy. . , . .Chairman of the Board and President, Lou-isiana National Bank, Baton Rouge, La . . . . . 1976

Appointed by Board of Governors:Fred Adams, J r . . . . . . . . . President, Cal-Maine Foods, Inc., Jackson,

M i s s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Edwin J, Caplan . . . . . . . P r e s i d e n t , Caplae's Men's Shops, Inc., Alex-

andria, L a . . . . . . . . . , . . . , , . . . , , . , , . . , . . , , 1975Floyd W. L e w i s . . . . . . . . President and Chief Executive Officer, Mid-

dle South Utilities, Inc., New Orleans,La, . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

D i s t r i c t 7 — C H I C A G O

Class A:Floyd F. Whitmore.. . . .President, The Okey-Vemon National Bank,

Corning, I o w a . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Edward Byron Smi th . . . . Chairman of the Board, The Northern Trust

Company, Chicago, 1 1 1 . . . . . . . . . . . . . . . . . . . 1975Jay I, DeLay. . . . . . . . . . P r e s i d e n t , Huron Valley National Bank, Ann

Arbor, M i c h . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Class J.-John T. H a c k e t t . . . . . . . . ExecutiYe Vice President, Cummins Engine

Company, Inc., Columbus, i n d . . , . . . . . , , . . 1974Oscar G. Mayer. . . . . . . .Chairman of the Executive Committee, Oscar

Mayer & Co., Inc., Madison, W i s . . . . . . . . . . 1975Paul V. F a r v e r . . . . . . . . . President, RolscreenCompany, Pella, I o w a . . . . 1976

Class C:William H, Frankl in. . . .Chairman of the Board, Caterpillar Tractor

Company, Peoria, 1 1 1 . . . . . . . . . . . . . . . . . . . . . 1974Petei B, Clark. . . . . . . . . C h a i r m a n and President, The Evening News

Association, Detroit, M i c h . . . . . . . . . . . . . . . . 1975Robert H. S t ro tz . . . . . . .Pres ident , Northwestern UniYersity, Evanstonf

I I I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

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DIRECTORS—-Ccwf. Distr ict 7—CHICAGO—Continued Dec. 3!

DETE0IT BRANCH

Appointed by Federal Reserve Bank:Harold A. Elgas . . . . . . . .Pres ident , Gaylord State Bank, Gaylord, Mich. 1974Joseph B. F o s t e r . , . . , , , President, Ann Arbor Bank and Trust Com-

pany, Ann Arbor, M i c h . . . . . . . . . . . . . . . . . . 1975Roland A. Mewhor t . . . . Director and Consultant, Manufacturers

National Bank of Detroit, Detroit, Mich . . . , 1975Robert M. S u r d a m . . . . . Chairman of the Board, National Detroit

Corporation, Detroit, M i c h . . . . . . . . . . . . . . . . 1976

Appointed by Board of Governors:Tom K i l l e f er . . . . . . . . . . .V ice President-Finance and General Counsel,

Chrysler Corporation, Detroit, M i c h . . . . . . . . 1974W. M, D e f o e . . . . . . . . . . Chairman of the Board, Defoe Shipbuilding

Company, Bay City, M i c h , . . . . . . . . . . . . . . . 1975Jordan B. T a t t e r . . . . . . . District Horticultural Agent, Cooperative

Extension Service, Michigan State Univer-sity, Paw Paw, M i c h . . . . . . . . . . . . . . . . . . . . . 1976

D i s t r i c t 8—ST. L O U I S

Class A:Edwin S. J o n e s . . . . . . . . .Chairman of the Board, First National Bank

in St. Louis, St. Louis, M o . . . . . . . . . . . . . . . 1974Win. E, W e i g e l . . . . . . . . . Executive Vice President, First National Bank

and Trust Company, Centralia, I I I . . . . . . . . . 1975Raymond C. Burroughs. President, The City National Bank of Murphys-

boro, Murphysboro, 1 1 1 . . . . . . . . . . . . . . . . . . . 1976

Class J.-James M. T u h o l s k i . . . . . President, Mead Johnson and Company,

Evansville, I n d . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Tom K. S m i t h . . . . . . . . . Group Vice President, Monsanto Company,

St. Louis, M o . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Fred I. Brown, J r . . . . . . . President, Arkansas Foundry Company, Little

Rock, A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

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Class C.-E d w a r d J. S c h n u c k . . . . . C h a i r m a n of t h e B o a r d , Schnuck M a r k e t s ,

Inc. , Bridgeton, M o . . . . . . . . . . . . . . . . . . . . . . 1974S a m C o o p e r , , , , . , . . . , . Pres ident , H u m k o P r o d u c t s , Div is ion of

Kraftco C o r p o r a t i o n , M e m p h i s , T e e n . . . . . . . 1975H a r r y M . Y o u n g , J r . . . . . M e i r o s e F a r m , Herndon, K y . , . . . . , . . , , , , , , . 1976

LITTLE EOCK BRANCH

Appointed by Federal Reserve Bank:Thomas E. Hays, J r . . . . . President, First National Bank of Hope, Hope.

A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Thomas G. V i n s o e . . . . . President, First National Bank, Batesville,

A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Field W a s s o e . . . . . . . . . . President, First National Bank, Siloam Springs,

A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Herbert H. McAdams, If.Chairman of the Board and Chief Executive

Officer, Union National Bank of Little Rock,Little Rock, A r k . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Appointed by Board of Governors:Al P o l l a r d . . . . . . . . . . . . . President, Al Pollard and Associates, Little

Eock? A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974W. M, Pierce. . . . . . . . . . P r e s i d e n t , Arkansas Business Development

Corporation, Little Rock, A r k . . . . . . . . . . . . . 1975Roland R. Remind. . . . .Chairman of the Board, Southland Building

Products Co., Little Rock, A r k , . . . . . . . . . . . 1976

LOUIS¥ILLE BMAMCH

Appointed by Federal Reserve Bank:Hugh M. Shwab. . . . . . . C h a i r m a n of the Boards, First National Bank

of Louisville and First Kentucky Trust Com-pany, Louisville, K y , . . . . . . . . . . . . . . . . . . . . . 1974

Herbert J. S m i t h . . . . . . . President, The American National Bank andTrust Company of Bowling Green. BowlingGreen, K y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Tom G. V o s s . . . . . . . . . . President, The Seymour National Bank, Sey-mour, I n d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Harold E. Jacksoo. . . . . .Pres ident , The Scott County State Bank, Scotts-burg, I n d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

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LOUISVILLE BRANCH—Continual

Appointed by Board of Governors:James C. Hendershot, . . President and Chief Operating Officer, Reliance

UniYersa!, Inc., Louisville, K y . . . . . . . . . . . . . 1974James H. D a v i s . . . . , , , , Chairman and Chief Executive Officer, Porter

Paint Co»5 Louisville, K y . . . . . . . . . . . . . . . . . 1975William H. Stroube. . . , .Associate Dean, College of Science and Tech-

nology, Western Kentucky University,Bowling Green, K y . . . . . . . . . . . . . . . . . . . . . . 1976

MEMPHIS BRANCH

Appointed by Federal Reserve Bank:Garner L. HIckman,. , , .Chairman and President, The First National

Bank of Oxford, Oxford, M i s s , . . . . . . . . . . . . 1974Ridley Alexander . . . . . . .Chairman, The Second National Bank of Jack-

son, Jackson, T e n n . . . . . . . . . . . . . . . . . . . . . . . 1975C. Bennett Harrison. .. .Chairman of the Board, Union Planters

National Bank of Memphis, Memphis, Tenn, 1975William M, Campbell.. .Chairman and Chief Executive Officer, First

National Bank of Eastern Arkansas, ForrestCity, A r k . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Appointed by Board of Governors:C. Whitney Brown. . , , , .President, S, C. Toof and Company, Memphis,

T e n n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Jeanne L. H o l e y . . . . . . . Associate Professor of Business Education,

OniYersIty of Mississippi, University, Miss. . . 1975Robert E. H e a l y . , . . . , . . Parteer-ln-Charge of the Mid-South Area,

Price Water house & Co., Memphis, Tenn, . , . 1976

D i s t r i c t 9 — M I N N E A P O L I S

Class A:Roy H. Johnson, . . . . . . .Pres ident . The First National Bank of Negau-

eee, Negaunee, M i c h . . . , , . . . , . . . . . . . . . » . . 1974Da¥ld M. Smith . . . . . . . .Pres ident , The First National Bank of RJYer

Fails, River Falls, W l s . . . . . . . . . . . . . . . . . . . 1975Charles T. U n d l i n . . . . . .President, First National Bank of the Black

Hills, Rapid City, S. D a k . . . . . . . . . . . . . . . . . 1976

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DIRECTORS—Co«r. District 9—MINNEAPOLIS—Continued Dec. 31

Class B;John H. Ba i ley . . . . . . . . .P res iden t , The Cretex Companies, Elk River,

M i n e . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974David M. H e s k e t t . . . . . .President, Montana-Dakota IJlilitiesCompany,

Bismarck, N. Dak.. . . , . . . . . . . . . . . . . 1975Warren B. Jones. . . . . . .Secretary-Treasurer and General Manager,

Two Dot Land & Livestock ("o , Harlowton,M o n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Class C:Bruce B. Dayton. . . , Chairman, of the Board, Dayton Hudson Cor-

poration, Minneapolis, M i n n . . . . . . . . . . . . . . 1974James P, McFarland. .Chairman of the Board, General Mills, Inc.,

Minneapolis, M i n n . . . . . . . . . . . . . . . . . . . . . . . 1975Howard R. Swearer.. .. President, Carieton College, Northield, Minn.. 1976

HELENA BRANCH

Appointed by Federal Reserve Bank:Robert I. P e n n e r . . . . . . . President, Citizens First National Bank, Wolf

Point, M o n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974John Re iche l . . . . . . . . . . . P r e s iden t , First National Bank in Bozeman,

Bozeman, M o n t . . . . . . . . . . . . . . . . . . . . . . . . . 1974Donald E. Olsson . . President, Eonan State Bank, Roeae, Mont.. . 1M75

Appointed by Boon! nj Governors:David G. D r u m . . . . . . . . C h a i r m a n of the Board and President, Montana

Beef Industries and T-Bone Feeders, Billings,M o n t , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

William A. Cordingley. .Publisher and President, Great Falls Tribune,Great Falls, M o n t . . . . . . . . . . . . . . . . . . . . . . 1975

D i s t r i c t 10—KANSAS C I T Y

Class J.-John A. O'Leary. , ,. .Chairman of the Board, The Peoples State

Bank, Luray, K a n s . . . . . . . . . . . . . . . . . . . . . . . 1974Roger D. Knight, J r . . . .Chairman of the Boardf United Banks of

Colorado, Inc., Dee¥ers C o l o . . . . . . . . . . . . . . 1975Philip H a n i m . . . . . . . . President, First National Bank and Trust Com-

pany, El Dorado, K a n s , . , . . . . . . . . . . . . . . . . 1976

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Termexpires

DIRECTORS—OVI*. District 10—KANSAS CITY—Continued Dec, 31

Class B;Frank C. L o Y e . , . , . . . . , Of Counsel, Crowe, DunieYy, Thweatt, Swin-

ford5 Johnson and Bur dick, Attorneys, Okla-homa City, O k l a . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Cecil O. B r a n c h . . . . . . . . President, C. O. Emrich Enterprises, Norfolk,N e b r . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Donald J. Ha l l . . . . . . . . . P r e s iden t , Hallmark Cards, Inc., Kansas City,M o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Class C:Robert W. Wagstaff. . . .Chairman of the Board and President, Coca-

Cola Bottling Company of Mid-America,Kansas City, M o . . . . . . . . . . . . . . . . . . . . . . . . 1974

Harold W. Andersen . . . . President, World Publishing Company, OmahaWorld Herald, Omaha, N e b r . . . . . . . . . . . . . . 1975

Robert T. P e r s o n . . . . . . . Chairman and President, Public Service Co. ofColorado, Denver, C o l o . . . . . . . . . . . . . . . . . . 1976

PEM¥EM BRAMCH

Appointed by Federal Reserve Bank:( ¥ a c a n c y ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Dale R. H i e m a n . . . . . . . Chairman of the Board, The Greeley National

Bank, Greeley, C o l o . . . . . . . . . . . . . . . . . . . . . 1974Felix Buchenroth, J r . . . . . President, The Jackson State Bank, Jackson,

W y o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Appointed by Board of Governors:Edward R. Lucero . . . . . . President and Chairman, Colorado Economic

DeYeioptneiit Association, Denver, Co lo . . . , 1974Maurice B. Mitchell. . . .Chancellor, University of Denver, Denver,

C o l o . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975


Appointed by Federal Reserve Bank:Marvin M i l l a r d . . . . . . . . Retired Chairman of the Board, National Bank

of Tulsa, Tulsa, O k l a , . . . . . . . . . . . . . . . . . . . . 1974Hugh C. J o n e s . . . . . . . . . E i e c u t i Y e Vice President, The Bank of Wood-

ward, Woodward, O k l a , . . . . . . . . . . . . . . . . . . 1974W. H. M c D o n a l d . . . . . .Chairman of the Executive Coiflinittees The

First National Bank and Trust Company ofOklahoma City, Oklahoma City, O k l a . . . . . 1975

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Termexpires

DIRECTORS—Cont, District 10—KANSAS CITY—(iOntinued Dec. 31

OKLAHOMA CITY BRANCU—t.ontinu&t

Appointed by Board of Governors:Harley C u s t e r . . . . . . . . . . General Manager, Oklahoma Livestock Mar-

keting Association, Oklahoma City, Okla. . . 1974Joseph H. Wil l iams. . . . . President and Chief Operating Officer, The

Williams Companies, Tulsa, O k l a . , . . , , . , , . . 1975

OMAHA BRANCH

Appointed by Federal Reserve Bank:Edward W. L y m a n . . . . . Retired Chairman, The United States National

Bank of Omaha, Omaha, N e b r . . . . . . . . . . . . 1974Glenn Yaussi. , . . , . , . . .Vice Chairman of the Board, National Bank

of Commerce. Trust & Savings, Lincoln,N e b r , . . . . . . , . , . . . . . . . . . . . . . . . . . . . . . . 1975

Roy G. D I n s d a l e , . . . . . .Chairman of the Board, Farmers NationalBank of Central City. Central City, Nebr., . 1975

Appointed hy Board of Governors:Edward F. Owen. . . . . . .P res iden t , Paxton & Vierling Steel Company,

Omaha, N e b r . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Durward B. Varner. .President, University of Nebraska, Lincoln,

Nebr.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

D i s t r i c t 1 1 — DALLAS

Class A:A. W. Riter, J r . . . . ,. Chairman of the Executive Committee and

President, The Peoples National Bank ofTyler, Tyler, T e x . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Robert H. Stewart, III. .Chairman of the Board, First InternationalBancshares, Dallas, T e x . . . . . . . . . . . . . . . . . . 1975

Gene D. A d a m s . . . . . . . .President, The First National Bank of Sey-mour, Seymour, T e x . . . . . . , . . . . . , . , . , . , , . 1976

Class J.-Hugh F. S t e e n . . . . . . . . . President, El Paso Natural Gas Company,

Houston, T e x . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Thomas W. Herrick. , . .President, Galnes Cattle Company, Inc.,

AmariilG, Tex. . . . . . . . . . . . . 1975Stewart O r t o n , . . . . . . . . . .President, Foley's, Inc., Houston, T e x . . . . . . . . 1976

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DIRECTORS—Co/if. District 11—DALLAS—Con tin ued Dec. 31

Class C:Irving A, M a t h e w s . . . . . Chairman of the Board and Chief Executive

Officer, Frost Bros., Inc., San Antonio, Tex.. 1974Charles T. Beaird. . . . . . .Chairman of the .Board, Beaird-Poulan Divi-

sion, Emerson Electric Co., Shreveport, La.. 1975John Lawrence . . . . . . . . .Cha i rman of the Board, Dresser Industries,

Inc., Dallas, T e x , . . . . . . . . . . . . . . . . . . . . . . . . 1976

EL PASO BEANCH

Appointed by Federal Reserve Bank:Wayne S t e w a r t . . . . . . . . . President, First National Bank In Alamogordo,

Alamogordo, N. M e x . . . . . . . . . . . . . . . . . . . . 1974Reed H. C h i t t i m . . . . . . . President, First National Bank of Lea County,

Hobbs, N. M e x . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Sam D. Young, Jr. , . . . . President, El Paso National Bank, El Paso5

T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975C. J. K e l l y . . . . . . . . . . . . . P r e s i d e n t and Chairman of the Board, The

First National Bank of Midland, Midland,T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Appointed by Board of Governors:Gage H o l l a n d . . , . , . , , . .Owner, Gage Hollaed Ranch, Alpine, Tex.. . . 1974J, Luther D a v i s . . . . . . . . President and Chairman of the Board, Tucson

Gas & Electric Company, Tucson, A r i z , . . . . 1975Herbert M. Schwartz... .President, Popular Dry Goods Co.5 Inc., El

P a s o , T e x . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

HOUSTON BRANCH

Appointed by Federal Reserve Bank:Seth W. Dorband t . . . . . .Chairman and President, First National Bank

In Conroe, Conroe, T e x . . . . . . . . . . . . . . . . . . 1974Bookman Peters . . . . . . . .Pres ident , The City National Bank of Bryan,

Bryan, T e x , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Nat S. Roger s . . . . . . . . . .P re s iden t , First City National Bank of Hoes-

ton, Houston, T e x . . . . . . . . . . . . . . . . . . . . . . . 1975P. K. Stubblefield. . . . . .President, Victoria Bank & Trust Company,

V i c t o r i a , T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 7 6

Appointed by Board of Governors:( V a c a n c y ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Alvin I. T h o m a s . . . . . . . . P r e s i d e n t , Prairie View A & M University,

Prairie View, T e x . . . . . . . . . . . . . . . . . . . . . . . . 1975T h o m a s J. B a r l o w . , , , , .President and Chief Executive Officer. Ander-

son, Clayton & Co. , Houston, Tex., . . . . . . . 1976

368


1974

F.R. BANKS AN«> BKANCMKS—Continued

Termexpires

DIRECTORS—-CVwf. District 11—- PAU,AS-—roil<iiiiiwi Dec, 31

SAM ANTONIO BRANCH

Appointed by Federal Reserve Bank:Leon S t o n e . . . . . . . . . . . . President, The Austin National Bank, Austin,

T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Richard W. Calver t . . . . . President, National Bank of Commerce of San

Antonio, San Antonio, T e x . . . . . . . . . . . . . . . 1975W. O. R o b e r s o n . . . . . . . . Chairman of the Board, First National Bank

at Brownsville, Brownsville, T e x . . . . . . . . . . . 1975Ben R. L o w . . . . . . . . . . . President, First National Bank of Kerrville,

KerrviUe, T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Appointed by Board of Governors:Marshall Boykin, I I I . . . .Senior Partner, Wood, Boykin & Wolter,

Lawyers, Corpus Christi, T e i . , . . . . . . . , . . , . 1974Pete J. Morales, J r . . . . . . President and General Manager, Morales

Feed Lots, Inc., Devine, T e x , . . . . . . . . . . . . . 1975Margaret S, Wi l son . . . . . Chairman of the Board and Chief Executive

Officer, Scarbroughs Department Store,Austin, T e x . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

D i s t r i c t 12—SAM F R A N C I S C O

(Wm t:Cor I f . S*:hroeder. . . . . .President, The First National Hank of Orange

County, Orange, Calif, . 1974JiHTti's I. Phi l l ips . . . . . . .President , First National Bank in Port Angeles,

Port Angeles, W a s h . . . . . . . . . . . . . . . . . . . . . . 1975\ W. c l o u s e e . . . . . . . . . P r e s i d e n t and Chief Executive Officer, Bank of

America, NT & SA» San Francisco, Calif... 1976

Class J.-Charles R. Dah l . . . . . . . .P re s iden t and Chief Executive Officer, Crown

Zellerbach Corporation, San Francisco, Calif. 1974Joseph Rosenb l a t t . . . . . . Honorary Chairman of the Board, The Eimco

Corporation, Salt Lake City, U t a h . . . . . . . . 1975Clair L. Peck. . . . . . . . . . C h a i r m a n of the Board, C. L. Peck Contrac-

tor, Los Angeles, C a l i f . . . . . . . . . . . . . . . . . . . 1976

369


1974

F.R, BANKS AND BRANCHES—Continued

Termexpires

DIRECTORS—Cont. District 12—SAN FRANCISCO—Continued Dec. 31

Class C.-Mas O j i . . . . . . . . . . . . . . . President, Oji Brothers Farm, Inc., Yuba City,

C a l i ! 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Joseph F. AMbrandi.. . . . President and Chief ExecutiYe Officer, Whit-

taker Corporation5 Los Angeles, Cal i f . . . . . . 1975O. Meredith Wilson, . , , President and Director, Center for Advanced

Study In the Behavioral Sciences, Stanford^C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

LOS ANGELES BRANCH

Appointed by Federal Reserve Bank:RayburnS. Dezember.. .Chairman of the Board and President, Ameri-

can National Bank, Bakersield, Cal i f . . . . . . 1974W. Gordon Ferguson. . , President, National Bank of Whittier, Whittles

C a l i f , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975Linus E. Southwick. . . . . President, Valley National Bank, Glendale,

C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976Robert A, B a r l e y . . . . . . . President, United California Bank, Los An-

geles, C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

Appointed by Board of Governors:Joseph R. Vaughan . . . . . President, Knudsen Corporation, Los Angeles,

C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Leiatid D. P r a t t . . . . . . . . President, Kelco Company, San Diego, Calif.. , 1975Armando M. Rodriguez.President, East Los Angeles College, Los

Angeles, C a l i f . . . . . . . . . . . . . . . . . . . . . . . . . . . 1976

PORTLAND BRANCH

Appointed by Federal Reserve Bank:Frank L. S e r v o s s . . . . . . . President, Crater National Bank of Medford,

Medford, O r e g . . . . . . . . . . . . . . . . . . . . . . . . . . 1974James H. S t a n a r d . . . . . .Executive Vice President, First National Bank

of McMinnville, McMinnville, O r e g . . . . . . . . 1974LeRoy B. Staver. . . . . . . D i r e c t o r , United States National Bank of Ore-

gon, Portland, Oreg. , 1975

Appointed by Board of Governor:.:J o h n R . H o w a r d . . . . . . . P r e s i d e n t , Lewis and Cla rk College, Por t land ,

O r e g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974L o r a n L. S t e w a r t , . . . . . . President, Bohemia Inc. , Eugene, O r e u . . . . . . . 1975

370


1974

F.R. BANKS AMP BRAM:HKN—-f,Vm*in«c</

Termexpires

DIRECTORS—CVwf. District 12—S VN FR W'CISCO—Continued Bee. 31

S\I .T LAk§\ r:?T> HKWCH

Appointed by Federal Rcw^vc Hank:Roder i ck H . Browning . .Pres ident , B a n k of U t a h , Ogden , U t a h , . . . . . . 1974

R o y W. S i m m o n s . . . . . . President , Z ions First Na t iona l Bank , Salt L a k e

City, U t a h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974Joseph B i a n c o . . . . . . . . . C h a i r m a n of t he Boa rd a n d President , B a n k of

I d a h o , N . A . , Boise, I d a h o . . . . . . . . . . . . . . . . 1975

Appointed by Board of Governors:Sam H. B e n n i o n . . . . . . . President, V-l Oil Company, Idaho Falls, Idaho 1974Theodore C. Jacobsen. , . Partner, Jacobsen Construction Company, Inc.,

Salt Lake City, U t a h . . . . . . . . . . . . . . . . . . . . . 1975

SEATTLE BRANCH

Appointed by Federal Reserve Bank:Harry S. Goodfellow....Chairman of the tto:w\i and President, Old

National Bunk <>f Wellington, Spokane,W a s h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1974

Robert C. Whi twam. . . . President, Amor ic,in Niuhmal Bank of Ed-monds, Edmonds, W a s h . . . . . . . . . . . . . . . . . . 1974

Joseph C. Baillargeon., . Chairman of the Board and Chief ExecutiveOfficer, Seattle Trust and Savings Bank,Seattle, W a s h . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1975

Appointed by Board of Governors:C. Henry Bacon, J r . . . . .President, C. H. B. Company, Seattle, Wash., , 1974Thomas T. H i r a i . . . . . . . President and Director, Quality Growers Com-

pany, Woodinville. Wash.. . . . . . . . . . . . . . . 1975

371


1974


PRESIDENTS AND VICE PRESIDENTS(December 31,1974)

FederalReserve

Bankor branch

Boston

New York. . .

Buffalo

Philadelphia.

Cleveland.. .

Cincinnati

Pittsburgh

Richmond. . .


Frank E. MorrisJames A. Mclntosh

Alfred HayesRichard A. Debs



Robert P. BlackGeorge C. Rankin

Vice Presidents

D. Harry Angney*R. W. Eisenmenger*Niels O. Larsen*Bruce W. BeanNorman S. FielekeJay W. KimRichard E. RandallWalter T. SullivanJames T. Timberlake

Charles A. Coombs*T. M. Timlen,Jr.*W. H. Braun, Jr.Karl L. EgeEdward G. GuyJohn T. KeaneRobert E. Lloyd, Jr.Fred W. Piderit, Jr.F. C. Schadrack, Jr.F. L. SmedleyH. David Willey

Daniel Aquilino*T. F. Hunt, Jr.*Lee J. AubreyF. K. CummingsLuther M. Hoyle, Jr.D. A. PelletierLaurence H. StoneJ. M. Thayer, Jr.Richard A. Walker

AlanR. Holmes*Thomas O. Waage*Richard G. DavisGeorge GarvyP. B. Henderson, Jr.Leonard LapidusScott E. PardeeA. M. PuckettThomas C. SloanePeter D. Sternlight


Hugh Barrie*A. A. Kudelich*Joseph M. CaseD. Russell ConnorRichard W. EppsW. Lee HoskinsG. William MetzWilliam E. Roman

W. H. Hendricks*George E. Booth, Jr.R. Joseph GinnaneHarry W. HuningT. E. Ormiston, Jr.Harold J. SwartVirginia L. Whitmer

Charles A.Robert E.Robert D.

Edward G. Boehne*Robert R. Swander*Hugh ChairnoffThomas K. DeschHiliary H. HollowayDonald J. McAnenyL. C. Murdoch, Jr.Kenneth M. Snader

John E. BirkyPaul BreidenbachWilliam J. HocterR. Thomas KingLester M. SelbyDonald G. Vincel

CerinoShowalterDuggan*

Samuel G. Campbell

Welford S. Farmer*James Parthemos*R. E. Sanders, Jr.*John G. DeitrickA. V. Myers, Jr.Aubrey N. SnellingsJames F. Tucker

John L. Nosker*John F. Rand*L. W. Bostian, Jr.William C. GloverC. D. Porter, Jr.Andrew L. TiltonJoseph F. Viverette

For notes see p. 374.

372


1974



FederalReserve

Bankor branch

Richmond—Cont.

Baltimore

Charlotte

Culpeper1

Atlanta

Birming-ham

Jackson-ville

Miami1

NashvilleNew

OrleansChicago

Detroit

St. Louis

LittleRock

LouisvilleMemphis



Robert P. Mayo(Temporarily vacant)


Vice Presidents

Jimmie R. Monhollon *William E. Pascoe, IIIGerald L. WilsonStuart P. Fishburne*Boyd Z. EubanksJ. Gordon Dickerson, Jr.Albert D. Tinkelenberg

R. P. Forrestal* Billy H. Hargett*Arthur H. Kantner* Brown R. Rawlings*Harry Brandt W. R. CaldwellF. J. Craven, Jr. Charles D. EastDelmar Harrison Robert E. HeckWilliam G. Pfaff Pierre M. Viguerie

Hiram J. Honea

Edward C. Rainey*Vestus L. CrowW. M. DavisJeffrey J. Wells

George C. GuynnCarl E. Bierbauer* Ward J. Larson*James R. Morrison* Karl A. Scheld*Harry S. Schultz* Bruce L. Smyth*George W. Cloos Robert P. CornelisenLeRoy A. Davis F. S. DominickRudolph W. Dybeck Joseph G. KvasnickaRichard A. Moffatt William T. NewportDorothy M. Nichols Louis J. PurolWilliam Rooney R. M. ScheiderRoby L. Sloan Jack P. ThompsonCarl E. VanderWilt Allen G. Wolkey

William C. ConradRonald L. Zile

L. C. Andersen* D. W. Moriarty, Jr. *F. G. Russell, Jr.* Charles E. Silva*Ruth A. Bryant J. P. GarbariniW. W. Gilmore Jerry L. JordanJames R. Kennedy John F. Otting, Jr.Harold E. Uthoff

John F. BreenDonald L. Henry*L. Terry Britt

For notes see p. 374.

373


1974



FederalReserveBank

or branch

Minneapolis .

Helena

Kansas City.

DenverOklahoma

CityOmaha

Dallas

El PasoHouston

SanAntonio

SanFrancisco..

LOSAngeles

PortlandSalt Lake

CitySeattle


Bruce K. MacLauryClement A. Van Nice


Ernest T. BaughmanT. W. Plant

John J. BallesJohn B. Williams

Vice Presidents

Thomas E. Gainor*J. A. MacDonald*F. J. CramerL. W. FerneliusD. R. HellwegClarence W. NelsonR. W. Worcester

Roland D.Graham*Melvin L. BursteinR. J. DreitzlerLester G. GableDavid R. McDonaldJohn P. Olin

Howard L. Knous

W. T. Billington*Raymond J. Doll*Donald G. BarnesJoseph R. EuansG. H. Miller, Jr.Sheldon W. StahlJohn F. Zoellner

H. R. Czerwinski*James R. Guffey*Thomas E. DavisWayne W. MartinM. L. MotherseadRobert E. Thomas

J. David Hamilton*

William GRobert D.

Robert H. Boy kin*G. C. Cochran, IIIRalph T. GreenW. M. PritchettThomas R. Sullivan

EvansHamilton

Tony J. Salvaggio*Leon W. CowanLarry T. HigginsHarry E. RobinsonE. W. Vorlop, Jr.

Fredric W. ReedJames L.Rasco R.

Cauthen*Story

Carl H. Moore

Wesley G. DeVries*KentO. Sims*Angelo S. CarellaRichard C. DunnWarren H. HutchinsThomas E. JudgeLouis E. Reilly

Gerald RJames M.

Donald V. Masten*James M. BrundyRobert C. DietzGordon HammondHenry B. JamisonRix Maurer, Jr.William J. Sumner

Kelly*Davis

William M. Brown

A. Grant HolmanPaul W. Cavan*James J. Curran

* Indicates Senior Vice President.1 Facility; not considered a branch.

374


1974



ence of Presidents that meets from time to time to consider matters of commoninterest and to consult with and advise the Board of Governors. At a meetingon March 19, 1973, Mr. Philip E. Coldwell and Mr. Frank E. Morris, Presi-dents of the Federal Reserve Banks of Dallas and Boston, were elected Chair-man and Vice Chairman, respectively, for the forthcoming Conference year,ending with the March 1974 meeting. At the meeting on March 18, 1974,Mr. Morris and Mr. David P. Eastburn, President of the Federal Reserve Bankof Philadelphia, were elected Chairman and Vice Chairman, respectively, forthe forthcoming Conference year, ending with the March 1975 meeting.

At the March 1973 meeting, Mr. Robert Smith, III, and Mr. Herbert F.Wass, of the Federal Reserve Banks of Dallas and Boston, were appointedSecretary and Assistant Secretary, respectively. Mr. Wass and Mr. Peter M.DiPlacido, of the Federal Reserve Bank of Philadelphia, were appointedSecretary and Assistant Secretary, respectively, at the March 1974 meeting.

CONFERENCE OF FIRST VICE PRESIDENTSThe Conference of First Vice Presidents of the Federal Reserve Banks was

organized in 1969 to meet from time to time, primarily for the considerationof operational matters. On May 1, 1973, Mr. T. W. Plant, First Vice Presidentof the Federal Reserve Bank of Dallas, was elected as Chairman; and Mr. EarleO. Latham, First Vice President of the Federal Reserve Bank of Boston untilhis retirement, as Vice Chairman of the Conference, to be succeeded byMr. James A. Mclntosh, upon his appointment as First Vice President of theFederal Reserve Bank of Boston, effective June 15, 1973. Mr. Robert Smith,III, and Mr. Herbert F. Wass were appointed Secretary and Assistant Secretary,respectively.

On May 8, 1974, the Conference elected Mr. Mclntosh as Chairman andMr. Mark H. Willes, First Vice President of the Federal Reserve Bank ofPhiladelphia, as Vice Chairman; and appointed Mr. Wass and Mr. Peter M.DiPlacido, as Secretary and Assistant Secretary, respectively, for the forth-coming Conference year.


1974

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Federal Reserve Banks and Branches - St. Louis Fedton on December 3-4, 1970. Mr. Winn, Chairman of...

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