directors of federal reserve banks and branches - … · directors of federal reserve banks and...
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Directors of Federal Reserve Banks and Branches
Following is a list of the directorates of the Federal Reserve Banks and branches as at present con-stituted. The list shows, in addition to the name of each director, his principal business affiliation, the class of directorship, and the date when his term expires. Each Federal Reserve Bank has nine directors; three Class A and three Class B directors, who are elected by the stockholding member banks, and three Class C directors, who are appointed by the Board of Governors of the Federal Reserve System. Class A directors are representative of the stockholding member banks. Class B directors must be actively engaged in their district in commerce, agriculture, or some industrial pursuit, and may not be officers, directors, or employees of any bank. For the purpose of electing Class A and Class B directors, the member banks of each Federal Reserve district are classified by the Board of Governors of the Federal Reserve System into three groups, each of which consists of banks of similar capitalization, and each group elects one Class A and one Class B director. Class C directors may not be officers, directors, employees, or stockholders of any bank. One Class C director is designated by the Board of Governors as Chairman of the Board of Directors and Federal Reserve Agent and another as Deputy Chairman. Federal Reserve Bank branches have either five or seven directors, of whom a majority are appointed by the board of directors of the parent Federal Reserve Bank and the others are appointed by the Board of Governors of the Federal Reserve System. One of the directors appointed by the Board of Governors at each branch is designated annually as Chairman of the Board in such manner as the Federal Reserve Bank may prescribe.
District 1—FEDERAL RESERVE BANK OF BOSTON
Class A:
WILLIAM R . KENNEDY JOHN S I M M E N
TUCKER H . DAVID
Class B.-
JAMES R . CARTER W . GORDON ROBERTSON
F . RAY KEYSER, JR.
Term Expires Dec. 31
President, Merrimack Valley National Bank, Haverhill, Mass. 1970 Chairman of the Board, Industrial National Bank of Rhode
Island, Providence, R.I. 1971 Executive Vice President, The Deep River National Bank, Deep
River, Conn. 1972
Chairman of the Board, Nashua Corporation, Nashua, N.H. 1970 Chairman of the Executive Committee, Co-Chairman of the
Board, Bangor Punta Corporation, Bangor, Maine 1971 Vice President, Vermont Marble Company, Proctor, Vt. 1972
Class C:
JOHN M . FOX "
JAMES S. DUESENBERRY 1
Louis W. CABOT
Chairman of the Board, President, United Fruit Company, Boston, Mass. 1970
Professor of Economics, Harvard University, Cambridge, Mass. 1971 Chairman of the Board, Cabot Corporation, Boston, Mass. 1972
1 Chairman 2 Deputy Chairman
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District 2—FEDERAL RESERVE BANK OF NEW YORK
Class A :
R . E . M C N E I L L , JR .
C . E . TREMAN, JR. ARTHUR S. H A M L I N
Class B:
ARTHUR K . WATSON
MILTON C . M U M F O R D
MAURICE R . FORMAN
Class C:
JAMES M . HESTER ROSWELL L . GILPATRIC A L B E R T L . NICKERSON
Term Expires Dec. 31
Chairman of the Board, Manufacturers Hanover Trust Company, New York, N.Y. 1970
President, Tompkins County Trust Company, Ithaca, N.Y. 1971 President, The Canandaigua National Bank and Trust Company,
Canandaigua, N.Y. 1972
Chairman of the Board, IBM World Trade Corporation, Ar-monk, N.Y. 1970
Chairman of the Board, Lever Brothers Company, New York, N.Y. 1971
President, B. Forman Co., Inc., Rochester, N.Y. 1972
President, New York University, New York, N.Y. Partner, Cravath, Swaine and Moore, New York, N.Y. New York, N.Y.
1970 1971 1972
BUFFALO BRANCH
Appointed by Federal Reserve Bank:
W I L M O T R. CRAIG Chairman of the Board, Chief Executive Officer, Lincoln Roch-ester Trust Company, Rochester, N.Y. 1970
CHARLES L . HUGHES President, The Silver Creek National Bank, Silver Creek, N.Y. 1970 JAMES I. WYCKOFF President, The National Bank of Geneva, N.Y. 1971 DAVID J . LAUB President, Marine Midland Trust Company of Western New
York, Buffalo, N.Y. 1972
Appointed by Board of Governors:
ROBERT S. BENNETT 1 General Manager, Lackawanna Plant, Bethlehem Steel Corpora-tion, Buffalo, N.Y. 1970
NORMAN F. BEACH Vice President, Eastman Kodak Company, Rochester, N . Y . 1971 MORTON ADAMS General Manager, Pro-Fac Cooperative, Inc., Rochester, N . Y . 1972
District 3—FEDERAL RESERVE BANK OF PHILADELPHIA
Class A:
H . LYLE D U F F E Y
HAROLD F . STILL, JR. WILLIAM R . COSBY
Executive Vice President, The First National Bank, McConnells-burg, Pa. 1970
President, Central-Penn National Bank of Philadelphia, Pa. 1971 President, Princeton Bank and Trust Company, Princeton, N.J. 1972
1 Chairman 2 Deputy Chairman
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District 3—FEDERAL RESERVE BANK OF PHILADELPHIA—Continued
Class B:
P H I L I P H . G L A T F E L T E R , I I I President, P. H . Glatfelter Co., Spring Grove, Pa. H E N R Y A . T H O U R O N
EDWARD J . D W Y E R
President, Hercules Incorporated, Wilmington, Del. President, ESB Incorporated, Philadelphia, Pa.
Term Expires Dec. 31
1970 1971 1972
Class C.-
WILLIS J . W I N N 1
D . R O B E R T YARNALL, J R .
BAYARD L . ENGLAND 2
Dean, Wharton School of Finance and Commerce, University of Pennsylvania, Philadelphia, Pa. 1970
President, Yarway Corporation, Blue Bell, Pa. 1971 Chairman of the Board, Atlantic City Electric Company, Atlantic
City, N.J. 1972
District 4—FEDERAL RESERVE BANK OF CLEVELAND
Class A:
SEWARD D . SCHOOLER
G E O R G E F . K A R C H
DAVID L . BRUMBACK, J R .
President, Coshocton National Bank, Coshocton, Ohio 1970 Chairman of the Board, Chief Executive Officer, The Cleveland
Trust Company, Cleveland, Ohio 1971 President, Van Wert National Bank, Van Wert, Ohio 1972
Class B.-
JOHN L. G U S H M A N Chief Executive Officer, President, Anchor Hocking Corporation, Lancaster, Ohio
J . W I L L I A M HENDERSON, JR. President, Buckeye International, Inc., Columbus, Ohio R . STANLEY LAING President, The National Cash Register Company, Dayton, Ohio
1970 1971 1972
Class C:
J . W A R D K E E N E R 2
HORACE A . SHEPARD
A L B E R T G . CLAY 1
Chairman of the Board, The B. F. Goodrich Company, Akron, Ohio 1970
Chairman of the Board, Chief Executive Officer, TRW Inc., Cleveland, Ohio 1971
President, Clay Tobacco Company, Mt. Sterling, Ky. 1972
CINCINNATI BRANCH
Appointed by Federal Reserve Bank:
F L E T C H E R E. N Y C E Chairman of the Board, Chief Executive Officer, The Central Trust Company, Cincinnati, Ohio 1970
R O B E R T B. JOHNSON President, Pikeville National Bank & Trust Company, Pike-ville, Ky. 1971
EDWARD W. BARKER President, First National Bank of Middletown, Ohio 1972 F R E D O. M A C F E E , JR. Vice President, General Manager, Aircraft Engine Operating
Division, General Electric Company, Cincinnati, Ohio 1972
1 Chairman 2 Deputy Chairman
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District 4—FEDERAL RESERVE BANK OF CLEVELAND—Continued CINCINNATI BRANCH—Continued
Term Expires
Appointed by Board of Governors: Dec. 31 ORIN E . A T K I N S President, Ashland Oil, Inc., Ashland, Ky. 1970 GRAHAM E . MARX 1 President, General Manager, The G. A. Gray Company, Cin-
cinnati, Ohio 1971 PHILLIP R. SHRIVER President, Miami University, Oxford, Ohio 1972
PITTSBURGH BRANCH
Appointed by Federal Reserve Bank: GEORGE S . COOK CHARLES H . BRACKEN ROBINSON F . BARKER
J . W . BINGHAM
President, Somerset Trust Company, Somerset, Pa. 1970 President, Marine National Bank, Erie, Pa. 1971 Chairman of the Board, Chief Executive Officer, PPG Industries,
Pittsburgh, Pa. 1972 President, The Merchants & Manufacturers National Bank,
Sharon, Pa. 1972
Appointed by Board of Governors:
B. R . DORSEY RICHARD M . CYERT
LAWRENCE E . WALKLEY
President, Gulf Oil Corporation, Pittsburgh, Pa. 1970 Dean, Graduate School of Industrial Administration, Carnegie-
Mellon University, Pittsburgh, Pa. 1971 President, Chief Executive Officer, Westinghouse Air Brake
Company, Pittsburgh, Pa. 1972
District 5—FEDERAL RESERVE BANK OF RICHMOND
Class A :
G I L E S H . M I L L E R , JR. DOUGLAS D . MONROE, JR. H U G H A . CURRY
Class B:
H . DAIL HOLDERNESS
CHARLES D . LYON
ROBERT S. SMALL
Class C.-
STUART SHUMATE
WILSON H . ELKINS 1
ROBERT W . LAWSON, JR. 2
President, The Culpeper National Bank, Culpeper, Va. 1970 President, Chesapeake National Bank, Kilmarnock, Va. 1971 President, The Kanawha Valley Bank, Charleston, W.Va. 1972
President, Carolina Telephone and Telegraph Company, Tarboro, N.C. 1970
Hagerstown, Md. 1971 President, Dan River Mills, Inc., Greenville, S.C. 1972
President, Richmond, Fredericksburg and Potomac Railroad Company, Richmond, Va. 1970
President, University of Maryland, College Park, Md. 1971 Managing Partner of Charleston Office, Steptoe & Johnson, At-
torneys, Charleston, W.Va. 1972
1 Chairman 2 Deputy Chairman
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District 5—FEDERAL RESERVE BANK OF RICHMOND—Continued BALTIMORE BRANCH
Appointed by Federal Reserve Bank:
ADRIAN L . MCCARDELL
Term Expires Dec. 31
JAMES J . ROBINSON TILTON H . DOBBIN
J . R . CHAFFINCH, JR.
Chairman of the Board, First National Bank of Maryland, Balti-more, Md. 1970
Executive Vice President, Bank of Ripley, W.Va. 1970 Chairman of the Executive Committee, President, Maryland Na-
tional Bank, Baltimore, Md. 1971 Executive Vice President, The Denton National Bank, Denton,
Md. 1972
Appointed by Board of Governors:
JOHN H . FETTING, JR. President, A. H . Fetting Company, Baltimore, Md. 1970 JAMES M. JARVIS Chairman of the Board, Jarvis, Downing & Emch, Inc., Clarks-
burg, W.Va. 1971 ARNOLD J. K L E F F , JR. 1 Manager, Baltimore Refinery, American Smelting and Refining
Company, Baltimore, Md. 1972
CHARLOTTE BRANCH
Appointed by Federal Reserve Bank:
C . C . CAMERON
H . P H E L P S BROOKS, JR . L . D . COLTRANE, I I I J . W I L L I S CANTEY
Chairman of the Board, President, First Union National Bank, Charlotte, N.C. 1970
President, The Peoples National Bank, Chester, S.C. 1970 President, The Concord National Bank, Concord, N.C. 1971 President, The Citizens and Southern National Bank, Colum-
bia, S.C. 1972
Appointed by Board of Governors:
W I L L I A M B. M C G U I R E 1 President, Duke Power Company, Charlotte, N.C. 1 9 7 0 JOHN L . FRALEY Executive Vice President, Carolina Freight Carriers Corpora-
tion, Cherryville, N.C. 1971 E. CRAIG WALL, SR. Chairman of the Board, Canal Industries, Inc., Conway, S . C . 1 9 7 2
District 6—FEDERAL RESERVE BANK OF ATLANTA
Class A:
A. L. ELLIS Chairman of the Board, First National Bank, Tarpon Springs, Fla. 1970 JOHN W . GAY President, The First National Bank of Scottsboro, Ala. 1971 W I L L I A M B. M I L L S President, The Florida National Bank, Jacksonville, Fla. 1972
1 Chairman
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District 6—FEDERAL RESERVE BANK OF ATLANTA—Continued
Class B:
HOSKINS A . SHADOW O W E N COOPER
PHILIP J . L E E
President, Tennessee Valley Nursery, Inc., Winchester, Tenn. President, Mississippi Chemical Corporation and Coastal Chem-
ical Corporation, Yazoo City, Miss. Vice President, Tropicana Products, Inc., Tampa, Fla.
Term Expires Dec. 31
1970
1971 1972
Class C:
JOHN C . WILSON 2
EDWIN I . HATCH 1
F . EVANS FARWELL
President, Horne-Wilson, Inc., Atlanta, Ga. President, Georgia Power Company, Atlanta, Ga. President, Milliken & Farwell, Inc., New Orleans, La.
1970 1971 1972
BIRMINGHAM BRANCH
Appointed by Federal Reserve Bank:
ARTHUR L . JOHNSON President, Camden National Bank, Camden, Ala. 1970 GEORGE A. L E M A I S T R E President, City National Bank, Tuscaloosa, Ala. 1970 K. M . VARNER, JR. President, The First National Bank of Auburn, Ala. 1971 HARVEY TERRELL Chairman of the Board, The First National Bank of Birming-
ham, Ala. 1972
Appointed by Board of Governors:
C. CALDWELL MARKS 1 Chairman of the Board, Owens-Richards Company, Inc., Birm-ingham, Ala. 1970
W . CECIL BAUER President, South Central Bell Telephone Company, Birming-ham, Ala. 1971
E . STANLEY ROBBINS President, National Floor Products Company, Inc., Florence, Ala. 1972
JACKSONVILLE BRANCH
Appointed by Federal Reserve Bank:
HARRY HOOD BASSETT Chairman of the Board, The First National Bank, Miami, Fla. 1970 JOHN Y. H U M P H R E S S Executive Vice President, Capital City First National Bank, Tal-
lahassee, Fla. 1970 EDWARD W . LANE, JR. President, The Atlantic National Bank, Jacksonville, Fla. 1971 JAMES G. RICHARDSON Chairman of the Board, President, The Commercial Bank and
Trust Company of Ocala, Fla. 1972
Appointed by Board of Governors:
H E N R Y CRAGG 1 Vice-President, Coca-Cola Company Foods Division, Orlando, Fla. 1970
CASTLE W . JORDAN President, AO Industries, Inc., Coral Gables, Fla. 1971 H E N R Y K. STANFORD President, University of Miami, Coral Gables, Fla. 1972
1 Chairman 2 Deputy Chairman
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District 6—FEDERAL RESERVE BANK OF ATLANTA—Continued NASHVILLE BRANCH
Term Expires
Appointed by Federal Reserve Bank: Dec. 31 H . A. CROUCH, JR. President, The First National Bank, Tullahoma, Tenn. 1970 W . H . SWAIN President, First National Bank, Oneida, Tenn. 1970 H U G H M. WILLSON President, Citizens National Bank, Athens, Tenn. 1971 EDWARD C. H U F F M A N Chairman of the Board, President, First National Bank, Shelby-
ville, Tenn. 1972
Appointed by Board of Governors: ROBERT M. WILLIAMS 1 President, ARO, Inc., Tullahoma, Tenn. 1 9 7 0 EDWARD J . BOLING Vice President for Development and Administration, The Uni-
versity of Tennessee, Knoxville, Tenn. 1971 ROY J . FISHER Manager, Tennessee Operations, Aluminum Company of Amer-
ica, Alcoa, Tenn. 1972
NEW ORLEANS BRANCH
Appointed by Federal Reserve Bank: LUCIEN J . H E B E R T , JR. Executive Vice President, Lafourche National Bank of Thibo-
daux, La. 1970 MORGAN W H I T N E Y Senior Vice President, Whitney National Bank, New Orleans, La. 1970 E . W. HAINING President, The First National Bank, Vicksburg, Miss. 1971 H . P. HEIDELBERG, JR. President, Pascagoula-Moss Point Bank, Pascagoula, Miss. 1972
Appointed by Board of Governors: ROBERT H . RADCLIFF, JR. President, Southern Industries Corporation, Mobile, Ala. 1970 FRANK G . S M I T H 1 Vice President, Mississippi Power & Light Company, Jackson,
Miss. 1971 D. B E N K L E I N P E T E R Wholesale Manager, Kleinpeter Farms Dairy, Inc., Baton
Rouge, La. 1972
District 7—FEDERAL RESERVE BANK OF CHICAGO
Class A : M E L V I N C . LOCKARD FLOYD F . W H I T M O R E EDWARD B . S M I T H
President, First National Bank, Mattoon, 111. 1970 President, The Okey-Vernon National Bank, Corning, Iowa 1971 Chairman of the Board, The Northern Trust Company, Chicago,
111. 1972
Class B.-
HOWARD M . PACKARD
JOSEPH O . WAYMIRE
W I L L I A M H . DAVIDSON
Chairman of the Finance Committe, S. C. Johnson & Son, Inc., Racine, Wis. 1970
Indianapolis, Ind. 1971 President, Harley-Davidson Motor Company, Milwaukee, Wis. 1972
1 Chairman
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District 7—FEDERAL RESERVE BANK OF CHICAGO—Continued
Class C.-
FRANKLIN J . LUNDING
WILLIAM H . FRANKLIN -EMERSON G . HIGDON 1
Term Expires Dec. 31
Chairman of the Finance Committee, Jewel Companies, Inc., Melrose Park, 111. 1970
President, Caterpillar Tractor Co., Peoria, 111. 1971 President, The Maytag Company, Newton, Iowa 1972
DETROIT BRANCH
Appointed by Federal Reserve Bank: RAYMOND T. PERRING Chairman of the Board, The Detroit Bank and Trust Company,
B. P . SHERWOOD, JR.
GEORGE JL. W H Y E L
ROLAND A . M E W H O R T
Detroit, Mich. 1970 President, Security First Bank & Trust Company, Grand Haven,
Mich. 1971 President, Genesee Merchants Bank & Trust Company, Flint,
Mich. 1972 Chairman of the Board, Manufacturers National Bank of Detroit,
Mich. 1972
Appointed by Board of Governors:
L. W M . SEIDMAN 1 Resident Partner, Seidman & Seidman, Grand Rapids, Mich. 1970 PETER B. CLARK Chairman of the Board, President, The Evening News Asso-
ciation, Detroit, Mich. 1971 W . M. D E F O E Chairman of the Board, Defoe Shipbuilding Company, Bay City,
Mich. 1972
District 8—FEDERAL RESERVE BANK OF ST. LOUIS
Class A:
BRADFORD BRETT JAMES P . HICKOK CECIL W . C U P P , JR.
Class B.-
MARK TOWNSEND
SHERWOOD J . S M I T H EDWARD J . SCHNUCK
President, First National Bank of Mexico, Mo. 1970 Chairman of the Board, First National Bank in St. Louis, Mo. 1971 President, Arkansas Bank & Trust Company, Hot Springs, Ark. 1972
Chairman of the Board, Townsend Lumber Company, Inc., Stuttgart, Ark. 1970
Vice President, D / P Computer Services, Inc., Evansville, Ind. 1971 President, Schnuck Markets, Inc., St. Louis, Mo. 1972
Class C:
S M I T H D . BROADBENT, JR. 2
FREDERIC M . PEIRCE 1
SAM COOPER
Broadbent Hybrid Seed Co., Cadiz, Ky. 1970 Chairman of the Board, Chief Executive Officer, General Ameri-
can Life Insurance Company, St. Louis, Mo. 1971 President, HumKo Products, Memphis, Tenn. 1972
1 Chairman 2 Deputy Chairman
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DIRECTORS RESERVE BANKS AND BRANCHES 183
DISTRICT B—FEDERAL RESERVE BANK OF ST. LOUIS—Continued LITTLE ROCK BRANCH
Term Expires
Appointed by Federal Reserve Bank: Dec. 31 EDWARD M. PENICK Chief Executive Officer, President, Worthen Bank & Trust Com-
pany, 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 Fayetteville, Ark. 1972 WAYNE A. STONE Chairman of the Board, Chief Executive Officer, Simmons First
National Bank of Pine Bluff, Ark. 1972
Appointed by Board of Governors:
FRED I. BROWN, JR. President, Arkansas Foundry Company, Little Rock, Ark. 1970 AL POLLARD1 President, Brooks-Pollard Company, Little Rock, Ark. 1971 JAKE HARTZ, JR. President, Jacob Hartz Seed Co., Inc., Stuttgart, Ark. 1972
LOUISVILLE BRANCH
Appointed by Federal Reserve Bank:
J . E . M I L L E R
H U G H M . SHWAB
PAUL CHASE JAMES C . ZIMMERMAN
Executive Vice President, Sellersburg State Bank, Sellersburg, Ind.
Vice Chairman of the Board, First National Bank of Louisville, Ky.
President, The Bedford National Bank, Bedford, Ind. Executive Vice President, The Owensboro National Bank,
Owensboro, Ky.
Appointed by Board of Governors: HARRY M . YOUNG, JR. 1 Farmer, Herndon, Ky. RONALD E. REITMEIER President, Catalysts and Chemicals Inc., Louisville, Ky. JOHN G . BEAM President, Thomas Industries Inc., Louisville, Ky.
1970
1971 1972
1972
1970 1971 1972
MEMPHIS BRANCH
Appointed by Federal Reserve Bank: J . J . W H I T E President, Helena National Bank, Helena, Ark. 1970 WADE W . HOLLOWELL President, The First National Bank of Greenville, Miss. 1971 JAMES R. FITZHUGH Executive Vice President, Bank of Ripley, Tenn. 1972 LEWIS K . M C K E E Chairman of the Board, National Bank of Commerce, Memphis,
Tenn. 1972
Appointed by Board of Governors: ALVIN H U F F M A N , JR. 1 President, Huffman Brothers Inc., Blytheville, Ark. 1970 C. WHITNEY BROWN President, S. C. Toof & Company, Memphis, Tenn. 1971 WILLIAM L . G I L E S President, Mississippi State University, State College, Miss. 1972
1 Chairman
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District 9—FEDERAL RESERVE BANK OF MINNEAPOLIS
Class A:
WARREN F . VAUGHAN G . A . DAHLEN JOHN BOSSHARD
Term Expires Dec. 31
President, Security Trust & Savings Bank, Billings, Mont. 1970 President, 1st National Bank, Ironwood, Mich. 1971 Executive Vice President, The First National Bank, Bangor, Wis. 1972
Class B.-
D A L E V . ANDERSEN JOHN H . BAILEY DAVID M . H E S K E T T
President, Mitchell Packing Company, Inc., Mitchell, S. Dak. 1970 President, The Cretex Companies, Inc., Elk River, Minn. 1971 President, Montana-Dakota Utilities Co., Bismarck, N. Dak. 1972
Class C:
BRYON W . R E E V E ROBERT F . LEACH ]
DAVID M . LILLY 2
President, Lake Shore, Inc., Iron Mountain, Mich. 1970 Attorney, Oppenheimer, Hodgson, Brown, Wolff and Leach, St.
Paul, Minn. 1971 Chairman of the Board, Toro Manufacturing Corporation, Min-
neapolis, Minn. 1972
HELENA BRANCH
Appointed by Federal Reserve Bank: CHARLES H. BROCKSMITH President, First Security Bank of Glasgow, N.A., Glasgow,
Mont. 1970 G L E N N H. LARSON President, First State Bank, Thompson Falls, Mont. 1970 RICHARD D. RUBIE Chairman of the Board, President, Missoula Bank of Montana,
Missoula, Mont. 1971
Appointed by Board of Governors: WARREN B. JONES 1 Secretary-Treasurer, Two Dot Land & Livestock Co., Harlow-
ton, Mont. 1970 WILLIAM A. CORDINGLEY Publisher, Great Falls Tribune, Great Falls, Mont. 1971
District 10—FEDERAL RESERVE BANK OF KANSAS CITY
Class A:
C. M . M I L L E R
JOHN A . O 'LEARY
ROGER D . KNIGHT, JR.
Class B.-A L F R E D E . JORDAN
STANLEY LEARNED
C E C I L O . E M R I C H
President, The Farmers & Merchants State Bank, Colby, Kans. 1970 Chairman of the Board, The Peoples State Bank, Luray, Kans. 1971 Chairman of the Board, Denver U.S. National Bank, Denver,
Colo. 1972
Vice President, Trans World Airlines, Inc., Kansas City, Mo. 1970 Member of Finance Committee, Phillips Petroleum Company,
Bartlesville, Okla. 1971 Manager, Norfolk Livestock Market, Inc., Norfolk, Nebr. 1972
1 Chairman 2 Deputy Chairman
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District 10—FEDERAL RESERVE BANK OF KANSAS CITY—Continued Term
Expires Class C: Dec. 31
D O L P H S I M O N S 1 Editor, Journal-World, Lawrence, Kans. 1970 ROBERT W . WAGSTAFF President, Kansas City Coca-Cola Bottling Company, Kansas
City, Mo. 1971 WILLARD D. HOSFORD, JR. 2 Vice President, General Manager, John Deere Company, Omaha,
Nebr. 1972
DENVER BRANCH
Appointed by Federal Reserve Bank:
THEODORE D. BROWN Executive Vice President, The First National Bank of Denver, Colo. 1970
ROBERT L. T R I P P President, Albuquerque National Bank, Albuquerque, N.M. 1970 A R M I N 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, Aspen, Colo. 1 9 7 0 CRIS DOBBINS 1 Chairman of the Board, President, Ideal Basic Industries, Inc.,
Denver, Colo. 1971
OKLAHOMA CITY BRANCH
Appointed by Federal Reserve Bank: CHARLEY M . CRAWFORD President, First National Bank, Frederick, Okla. 1 9 7 0 MARVIN MILLARD Chairman of the Board, National Bank of Tulsa, Okla. 1 9 7 0 W . H . MCDONALD Chairman of the Executive Committee, The First National Bank
and Trust Company of Oklahoma City, Okla. 1971
Appointed by Board of Governors: F. W . ZALOUDEK Manager, J . I . Case Implements, Kremlin, Okla. 1 9 7 0 C. W . F L I N T , JR. 1 Chairman of the Board, Flint Steel Corporation, Tulsa, Okla. 1 9 7 1
OMAHA BRANCH
Appointed by Federal Reserve Bank: EDWARD W. LYMAN President, The United States National Bank, Omaha, Nebr. 1 9 7 0 JOHN W. HAY, JR. President, Rock Springs National Bank, Rock Springs, Wyo. 1 9 7 1
S. N. WOLBACH President, First National Bank, Grand Island, Nebr. 1 9 7 1
Appointed by Board of Governors:
H E N R Y Y . K L E I N K A U F 1 President, Natkin & Company, Omaha, Nebr. 1 9 7 0 A. JAMES E B E L Vice President, General Manager, Cornhusker Television Cor-
poration, Lincoln, Nebr. 1971
1 Chairman 2 Deputy Chairman
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District 11—FEDERAL RESERVE BANK OF DALLAS
Class A:
J . V . K E L L Y A . W . RITER, JR. MURRAY KYGER
President, The Peoples National Bank of Belton, Tex. President, The Peoples National Bank of Tyler, Tex. Chairman of the Board, The First National Bank of Fort Worth,
Tex.
Term Expires Dec. 31
1 9 7 0 1 9 7 1
1 9 7 2
Class B.-
CARL D . N E W T O N H U G H F . STEEN C . A . TATUM, JR.
President, Fox-Stanley Photo Products, Inc., San Antonio, Tex. 1970 President, El Paso Natural Gas Company, El Paso, Tex. 1971 President, Chief Executive Officer, Texas Utilities Company,
Dallas, Tex. 1972
Class C.-
CARL J . T H O M S E N 1
CHAS. F . JONES 2
PHILIP G . H O F F M A N
Senior Vice President, Texas Instruments Incorporated, Dallas, Tex. 1 9 7 0
President, Humble Oil & Refining Company, Houston, Tex. 1971 President, University of Houston, Tex. 1972
EL PASO BRANCH
Appointed by Federal Reserve Bank: C U L L E N J . K E L L Y President, The First National Bank of Midland, Tex. 1 9 7 0
J O E B . SISLER President, The Clovis National Bank, Clovis, N.M. 1 9 7 1 ARCHIE B. SCOTT President, The Security State Bank of Pecos, Tex. 1 9 7 2 SAM D . YOUNG, JR. President, El Paso National Bank, El Paso, Tex. 1 9 7 2
Appointed by Board of Governors: GORDON W . FOSTER 1 Vice President, Farah Manufacturing Company, Inc., El Paso,
Tex. 1 9 7 0 JOSEPH M. RAY Benedict Professor of Political Science, The University of Texas
at El Paso, Tex. 1971 ALLAN B . BOWMAN President, General Manager, Banner Mining Company, Tucson,
Ariz. 1972
HOUSTON BRANCH
Appointed by Federal Reserve Bank:
A. G. M C N E E S E , JR. Chairman of the Board, Chief Executive Officer, Bank of the Southwest National Association, Houston, Tex. 1970
H E N R Y B. CLAY President, First Bank & Trust, Bryan, Tex. 1 9 7 1 W . G. THORNELL President, The First National Bank of Port Arthur, Tex. 1 9 7 2 JOHN E. W H I T M O R E Chairman of the Board, Texas National Bank of Commerce of
Houston, Tex. 1972
1 Chairman 2 Deputy Chairman
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DIRECTORS RESERVE BANKS AND BRANCHES 187
District 11—FEDERAL RESERVE BANK OF DALLAS—Continued HOUSTON BRANCH—Continued
Term Expires
Appointed by Board of Governors: Dec. 31 M. STEELE WRIGHT, JR. President, General Manager, Texas Farm Products Company,
Nacogdoches, Tex. 1970 R . M . BUCKLEY President, Eastex Incorporated, Silsbee, Tex. 1 9 7 1 G E O T. MORSE, JR. 1 President, General Manager, Peden Iron & Steel Company,
Houston, Tex. 1972
SAN ANTONIO BRANCH
Appointed by Federal Reserve Bank:
RAY M. KECK, JR. President, Union National Bank of Laredo, Tex. 1 9 7 0 JAMES T. D E N T O N , JR. President, Corpus Christi Bank and Trust, Corpus Christi, Tex. 1 9 7 1 T. C. FROST, JR. President, The Frost National Bank of San Antonio, Tex. 1 9 7 2 W. O. ROBERSON President, First National Bank at Brownsville, Tex. 1 9 7 2
Appointed by Board of Governors:
LLOYD M. K N O W L T O N General Manager, Knowlton's Creamery, San Antonio, Tex. 1 9 7 0 FRANCIS B. MAY 1 Professor of Business Statistics, The University of Texas, Austin,
Tex. 1971 W. A. BELCHER Veterinarian, Rancher, Brackettville, Tex. 1972
District 12—FEDERAL RESERVE BANK OF SAN FRANCISCO
Class A:
CHARLES F . FRANKLAND
R A L P H V . ARNOLD
CARROLL F . BYRD
Class B:
MARRON KENDRICK
H E R B E R T D . ARMSTRONG
JOSEPH ROSENBLATT
Class C:
O . MEREDITH WILSON 1
BERNARD T . ROCCA, JR .
S . A L F R E D HALGREN 2
Chairman of the Board, The Pacific National Bank, Seattle, Wash. 1970
Chairman of the Board, Chief Executive Officer, First National Bank and Trust Company, Ontario, Calif. 1971
President, The First National Bank, Willows, Calif. 1972
President, Chief Executive Officer, Schlage Lock Company, San Francisco, Calif. 1970
Treasurer, Standard Oil Company of California, San Francisco, Calif. 1971
Honorary Chairman of the Board, The Eimco Corporation, Salt Lake City, Utah 1972
President, Director, Center for Advanced Study in the Behavioral Sciences, Stanford, Calif. 1970
Chairman of the Board, Pacific Vegetable Oil Corporation, San Francisco, Calif. 1971
Senior Vice President, Carnation Company, Los Angeles, Calif. 1972
1 Chairman 2 Deputy Chairman
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District 12—FEDERAL RESERVE BANK OF SAN FRANCISCO—Continued LOS ANGELES BRANCH
Term Expires
Appointed by Federal Reserve Bank: Dec. 31 HARRY J. VOLK Chairman of the Board, Chief Executive Officer, Union Bank,
Los Angeles, Calif. 1970 CARL E . SCHROEDER President, The First National Bank of Orange County, Orange,
Calif. 1970 T. H . SHEARIN President, Community National Bank, Bakersfield, Calif. 1970 SHERMAN HAZELTINE Chairman of the Board, First National Bank of Arizona, Phoe-
nix, Ariz. 1971
Appointed by Board of Governors:
NORMAN B . HOUSTON Senior Vice President, Treasurer, Golden State Mutual Life In-surance Company, Los Angeles, Calif. 1970
J. LELAND ATWOOD President, Chief Executive Officer, North American Rockwell Corporation, El Segundo, Calif. 1971
LELAND D. PRATT \ President, Kelco Company, San Diego, Calif. 1 9 7 2
PORTLAND BRANCH
Appointed by Federal Reserve Bank:
E. W. FIRSTENBURG Chairman of the Board, President, First Independent Bank, Vancouver, Wash. 1970
JAMES H. STANARD Vice President, First National Bank, McMinnville, Oreg. 1970 RALPH J . Voss President, First National Bank of Oregon, Portland, Oreg. 1971
Appointed by Board of Governors:
ROBERT F. DWYER 1 Dwyer Forest Products Company, Portland, Oreg. 1970 FRANK ANDERSON Farmer, Heppner, Oreg. 1971
SALT LAKE CITY BRANCH
Appointed by Federal Reserve Bank:
N E W E L L B. DAYTON Chairman of the Board, Tracy-Collins Bank and Trust Company, Salt Lake City, Utah 1970
RODERICK H. BROWNING President, Bank of Utah, Ogden, Utah 1970 WILLIAM E. IRVIN Chairman of the Board, The Idaho First National Bank, Boise,
Idaho 1971
Appointed by Board of Governors:
PETER E. MARBLE 1 Rancher, Deeth, Nev. 1970 ROYDEN G. DERRICK President, General Manager, Western Steel Company, Salt Lake
City, Utah 1971
L Chairman
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District 12—FEDERAL RESERVE BANK OF SAN FRANCISCO—Continued SEATTLE BRANCH
Term Expires
Appointed by Federal Reserve Bank: Dec. 31 A. E. SAUNDERS President, Puget Sound National Bank, Tacoma, Wash. 1970 PHILIP H . STANTON President, Washington Trust Bank, Spokane, Wash. 1970 JOSEPH C. BAILLARGEON Chairman of the Board, Seattle Trust & Savings Bank, Seattle,
Wash. 1971
Appointed by Board of Governors:
C. H E N R Y BACON, JR. 1 President, Simpson Timber Company, Seattle, Wash. 1970 FRANCIS G . CRANE Owner-Manager, Crane and Crane Orchards and Cold Storage,
Brewster, Wash. 1971
1 Chairman
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Directors of Federal Reserve Banks and Branches
Following is a list of the directorates of the Federal Reserve Banks and Branches as at present constituted. The list shows, in addition to the name of each director, his principal business affiliation, the class of direc-torship, and the date when his term expires. Each Federal Reserve Bank has nine directors; three Class A and three Class B directors, who are elected by the stockholding member banks, and three Class C directors, who are appointed by the Board of Governors of the Federal Reserve System. Class A directors are repre-sentative of the stockholding member banks. Class B directors must be actively engaged in their district in commerce, agriculture, or some industrial pursuit, and may not be officers, directors, or employees of any bank. For the purpose of electing Class A and Class B directors, the member banks of each Federal Reserve district are classified by the Board of Governors of the Federal Reserve System into three groups, each of which consists of banks of similar capitalization, and each group elects one Class A and one Class B direc-tor. Class C directors may not be officers, directors, employees, or stockholders of any bank. One Class C director is designated by the Board of Governors as Chairman of the Board of Directors and Federal Re-serve Agent and another as Deputy Chairman. Federal Reserve Branches have either five or seven direc-tors, of whom a majority are appointed by the Board of Directors of the parent Federal Reserve Bank and the others are appointed by the Board of Governors of the Federal Reserve System. One of the directors ap-pointed by the Board of Governors at each Branch is designated annually as Chairman of the Board in such manner as the Federal Reserve Bank may prescribe.
District 1—FEDERAL RESERVE BANK OF BOSTON
Class A:
JOHN S I M M E N
(Vacancy) RALPH A . MCININCH
Term Expires Dec. 31
Chairman of the Board, Chief Executive Officer, Industrial National Bank of Rhode Island, Providence, R.I.
President, Merchants National Bank of Manchester, N.H.
1971 1972 1973
Class B:
W . GORDON ROBERTSON F . RAY KEYSER, JR. G . WILLIAM MILLER
General Trustee, Bangor Punta Corporation, Bangor, Maine 1971 Vice President, Vermont Marble Company, Proctor, Vt. 1972 President, Chief Executive Officer, Textron, Providence, R.I. 1973
Class C:
JAMES S . DUESENBERRY 1
LOUIS W . CABOT 2
JOHN M . FOX
Professor of Economics, Harvard University, Cambridge, Mass. 1971 Chairman of the Board, Cabot Corporation, Boston, Mass. 1972 President, United Fruit Company, Boston, Mass. 1973
L Chairman 2 Deputy Chairman
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150 FEDERAL RESERVE BULLETIN • FEBRUARY 1971
District 2—FEDERAL RESERVE BANK OF NEW YORK
Class A:
C . E . TREMAN, JR.
ARTHUR S. HAMLIN
WILLIAM S. RENCHARD
Term Expires Dec. 31
President, Chief Executive Officer, Tompkins County Trust Com-pany, Ithaca, N.Y. 1971
President, The Canandaigua National Bank and Trust Company, Canandaigua, N.Y. 1972
Chairman, Chemical Bank, New York, N.Y. 1973
Class B:
MILTON C . MUMFORD MAURICE R . FORM AN WILLIAM D . EBERLE
Chairman of the Board, Lever Brothers Company, New York, N.Y. 1971 Chairman of the Board, B. Forman Co., Rochester, N.Y. 1972 President, Chief Executive Officer, American-Standard Inc., New
York, N.Y. 1973
Class C: ROSWELL L . GILPATRIC 2
ALBERT L . NICKERSON 1
WHITNEY M . YOUNG, JR.
Partner, Cravath, Swaine & Moore, New York, N.Y. 1971 New York, N.Y. 1972 Executive Director, National Urban League, New York, N.Y. 1973
BUFFALO BRANCH
Appointed by Federal Reserve Bank:
JAMES I . WYCKOFF DAVID J . LAUB
WILLIAM B . ANDERSON ANGELO A . COSTANZA
Chairman of the Board, The National Bank of Geneva, N.Y. 1971 Chairman of the Board, Marine Midland Bank-Western, Buffalo,
N.Y. 1972 President, The First National Bank of Jamestown, N.Y. 1973 President, Chief Executive Officer, Central Trust Company Roch-
ester, N.Y. 1973
Appointed by Board of Governors.
NORMAN F . BEACH 1
MORTON ADAMS RUPERT WARREN
Vice President, Eastman Kodak Company, Rochester, N.Y. 1971 General Manager, Pro-Fac Cooperative Inc., Rochester, N.Y. 1972 President, Trico Products Corporation, Buffalo, N.Y. 1973
District 3—FEDERAL RESERVE BANK OF PHILADELPHIA
Class A:
HAROLD F. STILL, JR. President, Central Penn National Bank, Philadelphia, Pa. 1971 WILLIAM R . COSBY Chairman of the Board, Princeton Bank and Trust Company,
Princeton, N.J. 1972 RICHARD A. HERBSTER President, Lewistown Trust Company, Lewistown, Pa. 1973
1 Chairman 2 Deputy Chairman
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District 3—FEDERAL RESERVE BANK OF PHILADELPHIA—Continued
Term Expires
Class B: Dec. 31
(Vacancy) 1971 EDWARD J . DWYER President, ESB Incorporated, Philadelphia, Pa. 1 9 7 2 PHILIP H . GLATFELTER, III Chairman of the Board, President, P . H . Glatfelter Co., Spring
Grove, Pa. 1973
Class C:
D. ROBERT YARNALL, JR. 2 President, Yarway Corporation, Blue Bell, Pa. 1971 BAYARD L. ENGLAND 1 Chairman of the Board, Atlantic City Electric Company, Atlantic
City, N.J. 1972 JOHN R . COLEMAN President, Haverford College, Haverford, Pa. 1 9 7 3
District 4—FEDERAL RESERVE BANK OF CLEVELAND
Class A :
GEORGE F . KARCH Chairman of the Board, Chief Executive Officer, The Cleveland Trust Company, Cleveland, Ohio 1971
DAVID L. BRUMBACK, JR. President, Van Wert National Bank, Van Wert, Ohio 1 9 7 2 EDWARD W. BARKER President, First National Bank of Middletown, Ohio 1 9 7 3
Class B:
J . WILLIAM HENDERSON, JR. Henderson & Associates, Columbus, Ohio 1 9 7 1 R. STANLEY LAING President, The National Cash Register Company, Dayton, Ohio 1 9 7 2 JOHN L . GUSHMAN President, Chief Executive Officer, Anchor Hocking Corporation,
Lancaster, Ohio 1973
Class C.-HORACE A. SHEPARD Chairman of the Board, Chief Executive Officer, TRW Inc., Cleve-
land, Ohio 1971 ALBERT G. CLAY 1 President, Clay Tobacco Company, Mt. Sterling, Ky. 1 9 7 2
J . WARD K E E N E R 2 Chairman of the Board, Chief Executive Officer, The B. F. Good-rich Company, Akron, Ohio 1973
CINCINNATI BRANCH
Appointed by Federal Reserve Bank:
ROBERT B. JOHNSON President, Pikeville National Bank & Trust Company, Pikeville, Ky. 1971
PAUL W . CHRISTENSEN, JR. President, The Cincinnati Gear Company, Cincinnati, Ohio 1972 ROBERT E. HALL President, The First National Bank and Trust Company, Troy,
Ohio 1972 WILLIAM S. R O W E President, The Fifth Third Bank, Cincinnati, Ohio 1973
L Chairman 2 Deputy Chairman
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District 4—FEDERAL RESERVE BANK OF CLEVELAND—Continued
CINCINNATI BRANCH—Continued Term
Expires Appointed by Board of Governors: Dec. 31
GRAHAM E . MARX 1 President, General Manager, The G . A . Gray Company, Cincin-nati, Ohio 1971
PHILLIP R . SHRIVER President, Miami University, Oxford, Ohio 1 9 7 2
CLAIR F . VOUGH Vice President, IBM Corporation, Lexington, Ky. 1 9 7 3
PITTSBURGH BRANCH
Appointed by Federal Reserve Bank: CHARLES H . BRACKEN President, Chief Executive Officer, Marine National Bank, Erie,
Pa. Chairman, Chief Executive Officer, PPG Industries, Pittsburgh,
Pa. President, The Merchants and Manufacturers National Bank of
Sharon, Pa. President, Chief Executive Officer, Pittsburgh National Bank,
Pittsburgh, Pa.
ROBINSON F . BARKER
J . W . BINGHAM
MERLE E. 'GILLIAND
Appointed by Board of Governors : RICHARD M. CYERT Dean, Graduate School of Industrial Administration, Carnegie-
Mellon University, Pittsburgh, Pa. LAWRENCE E. WALKLEY 1 President, Chief Executive Officer, Westinghouse Air Brake Com-
pany, Pittsburgh, Pa. ROBERT E. KIRBY President, Industry and Defense Products, Westinghouse Electric
Corporation, Pittsburgh, Pa.
1 9 7 1
1 9 7 2
1 9 7 2
1 9 7 3
1 9 7 1
1 9 7 2
1 9 7 3
District 5—FEDERAL RESERVE BANK OF RICHMOND
Class A : DOUGLAS D . MONROE, JR. President, Chesapeake National Bank, Kilmarnock, Va. HUGH A . CURRY THOMAS P . MCLACHLEN
Class B : CHARLES D . LYON ROBERT S. SMALL H . DAIL HOLDERNESS
Class C.-WILSON H . ELKINS 1
ROBERT W . LAWSON, JR.
STUART SHUMATE
President, The Kanawha Valley Bank, Charleston, W. Va. President, McLachlen National Bank, Washington, D.C.
1 9 7 1 1 9 7 2 1 9 7 3
1 Chairman
Hagerstown, Md. 1971 President, Dan River Mills Incorporated, Greenville, S.C. 1972 President, Carolina Telephone and Telegraph Company, Tarboro,
N.C. 1 9 7 3
President, University of Maryland, College Park, Md. 1971 Managing Partner of Charleston Office, Steptoe & Johnson, Charles-
ton, W . Va. 1 9 7 2 President, Richmond, Fredericksburg and Potomac Railroad Com-
pany, Richmond, Va. 1973
2 Deputy Chairman
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District 5—FEDERAL RESERVE BANK OF RICHMOND—Continued
BALTIMORE BRANCH Term
Expires A ppointed by Federal Reserve Bank: Dec. 31
TILTON H . DOBBIN President, Chairman of the Executive Committee, Maryland Na-tional Bank, Baltimore, Md. 1971
J . R . CHAFFINCH, JR. Executive Vice President, The Denton National Bank, Denton, Md. 1972
JAMES J . ROBINSON Executive Vice President, Bank of Ripley, W. Va. 1973 J . STEVENSON PECK President, Union Trust Company of Maryland, Baltimore, Md. 1973
Appointed by Board of Governors:
JAMES M. JARVIS Chairman of the Board, Jarvis, Downing & Emch, Inc., Clarksburg, W. Va. 1971
ARNOLD J . K L E F F , JR.1 Manager, Baltimore Refinery, American Smelting and Refining Company, Baltimore, Md. 1972
JOHN H . FETTING, JR. President, A. H . Fetting Company, Baltimore, Md. 1973
CHARLOTTE BRANCH
Appointed by Federal Reserve Bank :
L. D. COLTRANE, III President, The Concord National Bank, Concord, N.C. 1971 J . WILLIS CANTEY President, The Citizens and Southern National Bank of South
Carolina, Columbia, S.C. 1972 C. C . CAMERON Chairman of the Board, President, First Union National Bank of
North Carolina, Charlotte, N.C. 1973 H . PHELPS BROOKS, JR. President, The Peoples National Bank, Chester, S.C. 1973
Appointed by Board of Governors :
JOHN L. FRALEY 1 President, Carolina Freight Carriers Corporation, Cherryville, N.C. 1971
E. CRAIG WALL, SR. Chairman of the Board, Canal Industries, Inc., Conway, S . C . 1972 CHARLES W. D E B E L L General Manager, North Carolina Works, Western Electric Com-
pany, Inc., Winston-Salem, N.C. 1973
District 6—FEDERAL RESERVE BANK OF ATLANTA
Class A :
JOHN W . GAY President, The First National Bank of Scottsboro, Ala. 1971 WILLIAM B. M I L L S President, The Florida National Bank, Jacksonville, Fla. 1972 A. L. ELLIS Chairman of the Board, First National Bank, Tarpon Springs, Fla. 1973
1 Chairman
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District 6—FEDERAL RESERVE BANK OF ATLANTA—Continued
Class B.-
Owen COOPER
PHILIP J . L E E HOSKINS A . SHADOW
Term Expires Dec. 31
President, Mississippi Chemical Corporation and Coastal Chemical Corporation, Yazoo City, Miss. 1971
Vice President, Tropicana Products, Inc., Tampa, Fla. 1972 President, Tennessee Valley Nursery, Inc., Winchester, Tenn. 1973
Class C :
EDWIN I . H A T C H 1
F . EVANS FARWELL JOHN C . WILSON 2
President, Georgia Power Company, Atlanta, Ga. President, Milliken and Farwell, Inc., New Orleans, La. President, Horne-Wilson, Inc., Atlanta, Ga.
1971 1972 1973
BIRMINGHAM BRANCH
Appointed by Federal Reserve Bank:
K. M. VARNER, JR. President, The First National Bank of Auburn, Ala. 1971 HARVEY TERRELL Chairman of the Board, The First National Bank of Birmingham,
Ala. 1972 WALLACE D. MALONE, JR. President, Chairman of the Board, The First National Bank of
Dothan, Ala. 1973 C. LOGAN TAYLOR Chairman of the Board, The First State Bank of Oxford, Ala. 1973
Appointed by Board of Governors :
W . CECIL BAUER 1 President, South Central Bell Telephone Company, Birmingham, Ala. 1 9 7 1
E. STANLEY ROBBINS President, National Floor Products Company, Inc., Florence, Ala. 1 9 7 2 DAVID MATHEWS President, University of Alabama, University, Ala. 1 9 7 3
JACKSONVILLE BRANCH
Appointed by Federal Reserve Bank: EDWARD W . LANE, JR. JAMES G . RICHARDSON
MALCOLM C . BROWN
A . CLEWIS HOWELL
President, The Atlantic National Bank, Jacksonville, Fla. 1971 Chairman of the Board, President, The Commercial Bank and Trust
Company of Ocala, Fla. 1972 President, Chairman, Florida First National Bank at Brent, Pensa-
cola, Fla. 1973 President, Marine Bank & Trust Company, Tampa, Fla. 1973
Appointed by Board of Governors :
CASTLE W . JORDAN 1
HENRY K . STANFORD HENRY CRAGG
President, AO Industries, Inc., Coral Gables, Fla. 1971 President, University of Miami, Coral Gables, Fla. 1972 Vice President, The Coca-Cola Company Foods Division, Orlando,
Fla. 1973 1 Chairman 2 Deputy Chairman
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District 6—FEDERAL RESERVE BANK OF ATLANTA—Continued
NASHVILLE BRANCH Term
Expires Appointed by Federal Reserve Bank: Dec. 31
HUGH M. WILLSON President, Citizens National Bank, Athens, Tenn. 1971 EDWARD C. H U F F M A N Chairman of the Board, President, First National Bank, Shelby-
ville, Tenn. 1972 DAN B. ANDREWS President, First National Bank, Dickson, Tenn. 1 9 7 3 KENNETH L . ROBERTS Executive Vice President, Commerce Union Bank, Nashville,
Tenn. 1973
Appointed by Board of Governors:
EDWARD J . BOLING 1 President, The University of Tennessee, Knoxville, Tenn. 1 9 7 1 ROY J . FISHER Manager, Tennessee Operations, Aluminum Company of America,
Alcoa, Tenn. 1972 JAMES W . LONG President, Robertson County Farm Bureau, Springfield, Tenn. 1 9 7 3
NEW ORLEANS BRANCH
Appointed by Federal Reserve Bank:
E. W. HAINING President, The First National Bank of Vicksburg, Miss. 1971 H . P. HEIDELBERG, JR. President, Pascagoula-Moss Point Bank, Pascagoula, Miss. 1972 T O M A. FLANAGAN, JR. President, Lakeside National Bank of Lake Charles, La. 1973 LAWRENCE A. MERRIGAN President, The Bank of New Orleans and Trust Co., New Orleans,
La. 1973
Appointed by Board of Governors:
FRANK G . SMITH Vice President, Mississippi Power & Light Company, Jackson, Miss. 1971
D. BEN K L E I N P E T E R 1 Wholesale Manager, Kleinpeter Farms Dairy, Inc., Baton Rouge, La. 1972
BROADUS N. BUTLER President, Dillard University, New Orleans, La. 1973
District 7—FEDERAL RESERVE BANK OF CHICAGO
Class A:
FLOYD F . WHITMORE President, The Okey-Vernon National Bank, Corning, Iowa 1971 EDWARD B. SMITH Chairman of the Board, The Northern Trust Company, Chicago,
111. 1972 MELVIN C. LOCKARD President, First National Bank, Mattoon, 111. 1973
Class B:
JOSEPH O. WAYMIRE Indianapolis, Ind. 1971 WILLIAM H. DAVIDSON President, Harley-Davidson Motor Co., Inc., Milwaukee, Wis. 1972 HOWARD M. PACKARD Vice Chairman, S. C. Johnson & Son, Inc., Racine, Wis. 1973
1 Chairman
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District 7—FEDERAL RESERVE BANK OF CHICAGO—Continued
Class C:
WILLIAM H . FRANKLIN2
EMERSON G . HIGDON 1
JOHN W . BAIRD
President, Caterpillar Tractor Co., Peoria, 111. President, The Maytag Company, Newton, Iowa President, Baird & Warner, Inc., Chicago, 111.
Term Expires Dec. 31
1971 1 9 7 2 1 9 7 3
DETROIT BRANCH
Appointed by Federal Reserve Bank: B. P. SHERWOOD, JR. President, Security First Bank & Trust Company, Grand Haven,
Mich. 1971 GEORGE L. WHYEL President, Genesee Merchants Bank & Trust Company, Flint,
Mich. 1972 ROLAND A . MEWHORT Chairman, Manufacturers National Bank of Detroit, Mich. 1 9 7 2 ELLIS B. MERRY Chairman of the Board, National Bank of Detroit, Mich. 1 9 7 3
Appointed by Board of Governors:
PETER B. CLARK 1 Chairman of the Board, President, The Evening News Association, Detroit, Mich. 1971
W . M. DEFOE Chairman of the Board, Defoe Shipbuilding Company, Bay City, M[ich. 1972
L. W M . SEIDMAN Resident Partner, Seidman & Seidman, Grand Rapids, Mich. 1973
District 8—FEDERAL RESERVE BANK OF ST. LOUIS
Class A : JAMES P . HICKOK
CECIL W . C U P P , JR. BRADFORD BRETT
Chairman of the Executive Committee, First National Bank in St. Louis, Mo. 1971
President, Arkansas Bank & Trust Company, Hot Springs, Ark. 1972 President, The First National Bank of Mexico, Mo. 1973
Class B:
SHERWOOD J . SMITH
EDWARD J . SCHNUCK FRED I. BROWN, JR.
Chairman of the Board, President, D /P Computer Services, Inc., Evansville, Ind. 1971
Chairman of the Board, Schnuck Markets, Inc., St. Louis, Mo. 1972 President, Arkansas Foundry Company, Little Rock, Ark. 1973
Class C:
FREDERIC M . PEIRCE 1
SAM COOPER 2
HARRY M . YOUNG, JR.
Chairman of the Board, Chief Executive Officer, General Ameri-can Life Insurance Company, St. Louis, Mo. 1971
President, HumKo Products, Memphis, Tenn. 1972 Melrose Farms, Herndon, Ky. 1973
1 Chairman 2 Deputy Chairman
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DIRECTORS RESERVE BANKS AND BRANCHES 157
District 8—FEDERAL RESERVE BANK OF ST. LOUIS—Continued
LITTLE ROCK BRANCH Term
Expires Appointed by Federal Reserve Bank: Dec. 31
Louis E. HURLEY Chairman of the Board, Chief Executive Officer, The Exchange Bank & Trust Company, El Dorado, Ark. 1971
ELLIS E . SHELTON President, The First National Bank of Fayetteville, Ark. 1972 WAYNE A. STONE Chairman of the Board, Chief Executive Officer, Simmons First
National Bank of Pine Bluff, Ark. 1972 EDWARD M. PENICK President, Chief Executive Officer, Worthen Bank & Trust Com-
pany, Little Rock, Ark. 1973
Appointed by Board of Governors :
AL POLLARD1 President, A1 Pollard & Associates, Little Rock, Ark. 1971 JAKE HARTZ, JR. President, Jacob Hartz Seed Co., Inc., Stuttgart, Ark. 1972 ROLAND R . R E M M E L Chairman of the Board, Southland Building Products Co., Little
Rock, Ark. 1973
LOUISVILLE BRANCH
A ppointed by Federal Reserve Bank:
HUGH M. SHWAB Chairman of the Board, First National Bank of Louisville, Ky. 1 9 7 1 PAUL CHASE President, The Bedford National Bank, Bedford, Ind. 1 9 7 2 HERBERT J . SMITH President, The American National Bank and Trust Company of
Bowling Green, Ky. 1972 HAROLD E. JACKSON President, The Scott County State Bank, Scottsburg, Ind. 1 9 7 3
Appointed by Board of Governors :
RONALD E. R E I T M E I E R 1 President, Catalysts and Chemicals Inc., Louisville, Ky. 1971 JOHN G. BEAM President, Thomas Industries, Inc., Louisville, Ky. 1 9 7 2 WILLIAM H. STROUBE Assistant Dean, College of Science and Technology, Western Ken-
tucky University, Bowling Green, Ky. 1973
MEMPHIS BRANCH
Appointed by Federal Reserve Bank: WADE W . HOLLOWELL President, The First National Bank of Greenville, Miss. 1 9 7 1 JAMES R. FITZHUGH Executive Vice President, Bank of Ripley, Tenn. 1 9 7 2 WAYNE W . PYEATT President, National Bank of Commerce, Memphis, Tenn. 1 9 7 2
J . J . W H I T E President, Helena National Bank, Helena, Ark. 1 9 7 3
Appointed by Board of Governors :
C. WHITNEY B R O W N 1 President, S. C. Toof & Company, Memphis, Tenn. 1 9 7 1 WILLIAM L . GILES President, Mississippi State University, State College, Miss. 1 9 7 2 ALVIN H U F F M A N , JR. President, Huffman Brothers Incorporated, Blytheville, Ark. 1 9 7 3
1 Chairman
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158 FEDERAL RESERVE BULLETIN • FEBRUARY 1971
District 9—FEDERAL RESERVE BANK OF MINNEAPOLIS
Class A :
G . A . DAHLEN JOHN BOSSHARD PHILIP H . NASON
President, First National Bank of Ironwood, Mich. Executive Vice President, First National Bank of Bangor, Wis. President, The First National Bank of Saint Paul, Minn.
Term Expires Dec. 31
1 9 7 1 1 9 7 2 1 9 7 3
Class B: JOHN H . BAILEY DAVID M . HESKETT DALE V . ANDERSEN
President, The Cretex Companies, Inc., Elk River, Minn. 1971 President, Montana-Dakota Utilities Company, Bismark, N.Dak. 1972 President, Mitchell Packing Company, Inc., Mitchell, S.Dak. 1973
Class C: BRUCE B. DAYTON 2
DAVID M . LILLY 1
Russ B . HART
Chairman, Dayton Hudson Corporation, Minneapolis, Minn. 1971 Chairman of the Board, Toro Manufacturing Corporation, Minne-
apolis, Minn. 1972 President, Hart-Albin Company, Billings, Mont. 1973
HELENA BRANCH
Appointed by Federal Reserve Bank: RICHARD D. RUBIE President, Missoula Bank of Montana, Missoula, Mont. 1 9 7 1 E . L O W R Y K U N K E L President, First National Bank, Butte, Mont. 1 9 7 2 ROBERT I . PENNER President, Citizens First National Bank, Wolf Point, Mont. 1 9 7 2
Appointed by Board of Governors : WILLIAM A. CORDINGLEY1 Publisher, Great Falls Tribune, Great Falls, Mont. 1971 WARREN B. JONES Secretary-Treasurer, Two Dot Land and Livestock Company, Har-
lowton, Mont. 1972
District 10—FEDERAL RESERVE BANK OF KANSAS CITY
Class A. JOHN A . O'LEARY ROGER D . KNIGHT, JR.
C . MOSE MILLER
Chairman of the Board, The Peoples State Bank, Luray, Kans. 1971 Chairman of the Board, United Banks of Colorado, Inc., Denver,
Colo. 1972 Chairman of the Board, President, The Farmers and Merchants
State Bank, Colby, Kans. 1973
Class B.-
STANLEY LEARNED CECIL O . EMRICH ALFRED E . JORDAN
Phillips Petroleum Company, Bartlesville, Okla. 1971 Manager, Norfolk Livestock Market, Inc., Norfolk, Nebr. 1972 Vice President, Trans World Airlines, Inc., Kansas City, Mo. 1973
1 Chairman 2 Deputy Chairman
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DIRECTORS RESERVE BANKS AND BRANCHES 159
District 10—FEDERAL RESERVE BANK OF KANSAS CITY—Continued
Class C:
ROBERT W . WAGSTAFF 1
Term Expires Dec. 31
Chairman, President, Kansas City Coca-Cola Bottling Company, Kansas City, Mo. 1971
WILLARD D E E R E HOSFORD, Vice President, General Manager, John Deere Company, Omaha, Nebr. 1972
President, Chairman of the Board, Public Service Company of Colorado, Denver, Colo. 1973
JR. 2
ROBERT T . PERSON
DENVER BRANCH
A ppointed by Federal Reserve Bank:
A R M I N B . BARNEY Chairman of the Board, The Colorado Springs National Bank, Colorado Springs, Colo. 1971
ROBERT L. T R I P P President, Albuquerque National Bank, Albuquerque, N.M. 1972 DALE R . HINMAN President, The Greeley National Bank, Greeley, Colo. 1972
Appointed by Board of Governors:
CRIS DOBBINS1 Chairman of the Board, Chief Executive, Ideal Basic Industries, Inc., Denver, Colo. 1971
DAVID R . C. BROWN President, The Aspen Skiing Corporation, Aspen, Colo. 1972
OKLAHOMA CITY BRANCH
A ppointed by Federal Reserve Bank:
W. H . MCDONALD Chairman of the Executive Committee, The First National Bank and Trust Company of Oklahoma City, Okla. 1971
MARVIN MILLARD Chairman of the Board, National Bank of Tulsa, Okla. 1 9 7 2 HUGH C. JONES Executive Vice President, The Bank of Woodward, Okla. 1 9 7 2
Appointed by Board of Governors: C. W . FLINT, JR.1 Chairman of the Board, Flint Steel Corporation, Tulsa, Okla. 1 9 7 1 FLORIN W . ZALOUDEK Manager, J . I. Case Implements, Kremlin, Okla. 1 9 7 2
OMAHA BRANCH
Appointed by Federal Reserve Bank: JOHN W. HAY, JR. President, Rock Springs National Bank, Rock Springs, Wyo. 1971 S. N. WOLBACH President, The First National Bank of Grand Island, Nebr. 1971 EDWARD W. LYMAN President, The United States National Bank of Omaha, Nebr. 1972
Appointed by Board of Governors:
A. JAMES EBEL Vice President, General Manager, Cornhusker Television Cor-poration, Lincoln, Nebr. 1971
HENRY Y. KLEINKAUF 1 President, Natkin & Company, Omaha, Nebr. 1972
L Chairman 2 Deputy Chairman
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160 FEDERAL RESERVE BULLETIN • FEBRUARY 1971
District 11—FEDERAL RESERVE BANK OF DALLAS
Class A : A . W . RITER, JR. MURRAY KYGER
J . V . KELLY
Term Expires Dec. 31
President, The Peoples National Bank of Tyler, Tex. 1971 Chairman of the Board, The First National Bank of Fort Worth,
Tex. 1972 President, The Peoples National Bank of Belton, Tex. 1973
Class B : HUGH F . STEEN C . A . TATUM, JR.
CARL D . N E W T O N
President, El Paso Natural Gas Company, El Paso, Tex. 1971 President, Chief Executive Officer, Texas Utilities Company,
Dallas, Tex. 1972 Chairman of the Board, Fox-Stanley Photo Products, Inc., San
Antonio, Tex. 1973
Class C : CHAS. F . JONES 1
PHILIP G . HOFFMAN 2
JOHN LAWRENCE
Vice Chairman of the Board, Humble Oil & Refining Company, Houston, Tex. 1971
President, University of Houston, Tex. 1972 Chairman of the Board, Dresser Industries, Inc., Dallas, Tex. 1973
EL PASO BRANCH
Appointed by Federal Reserve Bank : JOE B. SISLER President, The Clovis National Bank, Clovis, N.M. ARCHIE B. SCOTT President, The Security State Bank of Pecos, Tex. SAM D . YOUNG, JR. President, El Paso National Bank, El Paso, Tex. CULLEN J . KELLY President, The First National Bank of Midland, Tex.
1971 1972 1972 1973
Appointed by Board of Governors: JOSEPH M. R A Y 1 Benedict Professor of Political Science, The University of Texas
at El Paso, Tex. 1971 ALLAN B . BOWMAN President, General Manager, Banner Mining Company, Tucson,
Ariz. 1972 HERBERT M. SCHWARTZ President, Popular Dry Goods Co., Inc., El Paso, Tex. 1973
HOUSTON BRANCH
Appointed by Federal Reserve Bank:
HENRY B . CLAY W . G . THORNELL JOHN E . WHITMORE
KLINE M C G E E
President, First Bank & Trust, Bryan, Tex. 1971 President, The First National Bank of Port Arthur, Tex. 1972 Chairman of the Board, Texas Commerce Bank National Associa-
tion, Houston, Tex. 1972 Chairman of the Board, Chief Executive Officer, Southern National
Bank of Houston, Tex. 1973
1 Chairman 2 Deputy Chairman
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DIRECTORS RESERVE BANKS AND BRANCHES 161
District 11—FEDERAL RESERVE BANK OF DALLAS—Continued
HOUSTON BRANCH—Continued Term
Expires Appointed by Board of Governors: Dec. 31
R . M . BUCKLEY President, Eastex Incorporated, Silsbee, Tex. 1 9 7 1 GEO. T. MORSE, JR.1 Vice Chairman of the Board, Chief Operating Officer, Peden In-
dustries, Inc., Houston, Tex. 1972 M . STEELE WRIGHT, JR. Chairman of the Board, Texas Farm Products Company, Nacog-
doches, Tex. 1973
SAN ANTONIO BRANCH
A ppointed by Federal Reserve Bank:
JAMES T . DENTON, JR. Chairman of the Board, Chief Executive Officer, Corpus Christi Bank and Trust, Corpus Christi, Tex. 1971
T O M C. FROST, JR. President, The Frost National Bank of San Antonio, Tex. 1 9 7 2 W. O. ROBERSON President, First National Bank at Brownsville, Tex. 1 9 7 2 RAY M . KECK, JR. President, Union National Bank of Laredo, Tex. 1 9 7 3
Appointed by Board of Governors: FRANCIS B. MAY Professor of Business Statistics, The University of Texas, Austin,
Tex. 1 9 7 1 W. A. BELCHER1 Veterinarian, Rancher, Brackettville, Tex. 1972 IRVING A. MATHEWS President, Frost Bros., Inc., San Antonio, Tex. 1 9 7 3
District 12—FEDERAL RESERVE BANK OF SAN FRANCISCO
Class A:
RALPH V . ARNOLD
CARROLL F . BYRD RALPH J . VOSS
Class B:
HERBERT D . ARMSTRONG
JOSEPH ROSENBLATT
MARRON KENDRICK
Class C.-
BERNARD T . ROCCA, JR.
S . ALFRED HALGREN 2
O . MEREDITH WILSON 1
L Chairman
Chairman of the Board, Chief Executive Officer, First National Bank and Trust Company, Ontario, Calif. 1971
President, The First National Bank of Willows, Calif. 1972 President, First National Bank of Oregon, Portland, Oreg. 1973
Treasurer, Standard Oil Company of California, San Francisco, Calif. 1971
Honorary Chairman of the Board, The Eimco Corporation, Salt Lake City, Utah 1972
President, Chairman of the Board, Schlage Lock Company, San Francisco, Calif. 1973
Chairman of the Board, Pacific Vegetable Oil Corporation, San Francisco, Calif. 1971
Senior Vice President, Carnation Company, Los Angeles, Calif. 1972 President, Director, Center for Advanced Study in the Behavioral
Sciences, Stanford, Calif. 1973 2 Deputy Chairman
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District 12—FEDERAL RESERVE BANK OF SAN FRANCISCO—Continued
LOS ANGELES BRANCH Term Expires
Appointed by Federal Reserve Bank: Dec. 31 SHERMAN HAZELTINE Chairman of the Board, Chief Executive Officer, First National
Bank of Arizona, Phoenix, Ariz. 1971 CARL E. SCHROEDER President, The First National Bank of Orange County, Orange,
Calif. 1972 L. E. SOUTHWICK President, Valley National Bank, Glendale, Calif. 1 9 7 3 CARL E. HARTNACK President, Security Pacific National Bank, Los Angeles, Calif. 1 9 7 3
Appointed by Board of Governors: J . LELAND ATWOOD 1 Senior Consultant, North American Rockwell Corporation, Los
Angeles, Calif. 1971 LELAND D. PRATT President, Kelco Company, San Diego, Calif. 1972 NORMAN B . HOUSTON Golden State Mutual Life Insurance Company, Los Angeles,
Calif. 1973
PORTLAND BRANCH Appointed by Federal Reserve Bank:
LEROY B. STAVER President, United States National Bank of Oregon, Portland, Oreg. 1 9 7 1 JAMES H . STANARD Vice President, First National Bank of McMinnville, Oreg. 1 9 7 2 FRANK L . SERVOSS President, Crater National Bank of Medford, Oreg. 1 9 7 2
Appointed by Board of Governors: FRANK ANDERSON 1 Farmer, Heppner, Oreg. 1 9 7 1 JOHN R . HOWARD President, Lewis and Clark College, Portland, Oreg. 1 9 7 2
SALT LAKE CITY BRANCH Appointed by Federal Reserve Bank:
WILLIAM E. IRVIN Chairman of the Board, The Idaho First National Bank, Boise, Idaho 1971
RODERICK H . BROWNING President, Bank of Utah, Ogden, Utah 1972 ROY W. SIMMONS President, Zions First National Bank, Salt Lake City, Utah 1972
Appointed by Board of Governors : ROYDEN G. DERRICK 1 President, General Manager, Western Steel Company, Salt Lake
City, Utah 1971 JOHN H . BRECKENRIDGE President, L. L. Breckenridge Company, Twin Falls, Idaho 1 9 7 2
SEATTLE BRANCH Appointed by Federal Reserve Bank:
JOSEPH C. BAILLARGEON Chairman, Seattle Trust & Savings Bank, Seattle, Wash. 1 9 7 1 A . E . SAUNDERS President, Puget Sound National Bank, Tacoma, Wash. 1 9 7 2 PHILIP H . STANTON President, Washington Trust Bank, Spokane, Wash. 1 9 7 2
Appointed by Board of Governors : FRANCIS G. C R A N E 1 Manager, Crane and Crane Orchards and Cold Storage, Brewster,
Wash. 1971 C. HENRY BACON, JR. Vice Chairman of the Board, Simpson Timber Company, Seattle,
Wash. 1972 L Chairman
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Directors of Federal Reserve Banks and Branches
Following is a list of the directorates of the Federal Reserve Banks and Branches as at present constituted. The list shows, in addition to the name of each director, his principal business affiliation, the class of direc-torship, and the date when his term expires. Each Federal Reserve Bank has nine directors; three Class A and three Class B directors, who are elected by the stockholding member banks, and three Class C directors, who are appointed by the Board of Governors of the Federal Reserve System. Class A directors are repre-sentative of the stockholding member banks. Class B directors must be actively engaged in their district in commerce , agriculture, or some industrial pursuit, and may not be officers, directors, or employees of any bank. For the purpose of electing Class A and Class B directors, the member banks of each Federal Reserve district are classified by the Board of Governors of the Federal Reserve System into three groups, each of which consists of banks of similar capitalization, and each group elects one Class A and one Class B direc-tor. Class C directors may not be officers, directors, employees , or stockholders of any bank. One Class C director is designated by the Board of Governors as Chairman of the Board of Directors and Federal Re-serve Agent and another as Deputy Chairman. Federal Reserve Branches have either five or seven direc-tors, of whom a majori ty are appointed by the Board of Directors of the parent Federal Reserve Bank and the others are appointed by the Board of Governors of the Federal Reserve System. One of the directors ap-pointed by the Board of Governors at each Branch is designated annually as Chairman of the Board in such manner as the Federal Reserve Bank may prescribe.
District 1—FEDERAL RESERVE BANK OF BOSTON
Class A:
WILLIAM M . HONEY
RALPH A . M C I N I N C H MARK C . W H E E L E R
Class B:
F . RAY KEYSER, JR. G . WILLIAM MILLER W . GORDON ROBERTSON
Term Expires
Dec. 31
President, The Mar tha ' s Vineyard National Bank, Vineyard Haven, Mass . 1972
President, Merchants National Bank of Manchester , N. H. 1973 Chairman of the Board, President, New England Merchants National Bank of Boston, Mass . 1974
Vice President, Vermont Marble Company , Proctor, Vt. 1972 President, Textron, Providence, R. I. 1973 General Trustee, Bangor Punta Corporat ion, Bangor , Maine 1974
Class C:
L o u i s W . CABOT2
JOHN M . FOX
JAMES S . DUESENBERRY 1
1 Chairman 2 Deputy Chairman
Chairman of the Board, Cabot Corporat ion, Boston, Mass . 1972 President, Chief Executive Officer, H .P . Hood & Sons, Charles-
town, Mass . 1973 Professor of Economics , Harvard University, Cambridge,
Mass . 1974
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District 2—FEDERAL RESERVE BANK OF NEW YORK
Class A :
ARTHUR S . HAMLIN
WILLIAM S . RENCHARD NORMAN BRASSLER
Class B.-
MAURICE R . FORM AN
(Vacancy) FRANK R . MILLIKEN
Class C:
ELLISON L . HAZARD 2
A L A N J . PIFER ROSWELL L . GILPATRIC 1
BUFFALO BRANCH
Term Expires Dec. 31
President, The Canandaigua National Bank and Trust Company , Canandaigua, N. Y. 1972
Chairman of the Board, Chemical Bank, New York, N. Y. 1973 Chairman of the Board, Chief Executive Officer, New Jersey
Bank, N . A . , Passaic, N. J. 1974
Chairman of the Board, B. Forman Co . , Rochester , N. Y. 1972 1973
President, Kennecott Copper Corporat ion, New York, N. Y. 1974
Chairman of the Executive Commit tee , Continental Can Com-pany, Inc . , New York, N. Y. 1972
President, Carnegie Corporation of New York, N . Y . 1973 Partner, Cravath, Swaine & Moore , New York, N . Y . 1974
Appointed by Federal Reserve Bank:
DAVID J . LAUB Chairman of the Board, Marine Midland Bank-Western , Buffa lo , N. Y. 1972
President, The First National Bank of Jamestown, N .Y . 1973 President, Chief Executive Officer, Central Trust Company
Rochester , N . Y . , Rochester , N . Y . 1973 THEODORE M . MCCLURE President, The Citizens National Bank and Trust Company ,
WILLIAM B . ANDERSON ANGELO A . COSTANZA
Wellsville, N . Y .
Appointed by Board of Governors:
1974
MORTON ADAMS 1
RUPERT WARREN NORMAN F . BEACH
General Manager , Pro-Fac Cooperative Inc . , Rochester , N . Y . President, Trico Products Corporat ion, Buffalo , N . Y . Vice President, General Manager , Kodak Park Division, East-
man Kodak Company, Rochester , N . Y .
District 3—FEDERAL RESERVE BANK OF PHILADELPHIA
Class A:
WILLIAM R . COSBY
RICHARD A . HERBSTER JAMES H . DAWSON
1 Chairman 2 Deputy Chairman
1972 1973
1974
Chairman of the Board, Princeton Bank and Trust Company , Princeton, N . J .
President, Lewistown Trust Company , Lewis town, Pa. Chairman of the Board, President, Bank of Delaware , Wil-
mington, Del.
1972 1973
1974
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182 FEDERAL RESERVE BULLETIN • FEBRUARY 1972
District 3—FEDERAL RESERVE BANK OF PHILADELPHIA—Continued
Class B:
EDWARD J . DWYER
Term Expires
Dec. 31
Chairman, Chief Executive Officer, ESB Incorporated, Phila-delphia, Pa. 1972
PHILIP H. GLATFELTER, III Chairman of the Board, President, P. H. Glatfelter Co . , Spring Grove, Pa. 1973
C. GRAHAM BERWIND, JR. President, Chief Executive Officer, Berwind Corporat ion, Phila-delphia, Pa. 1974
Class C:
BAYARD L . E N G L A N D 1 V e n t n o r , N . J . 1 9 7 2 JOHN R. COLEMAN2 President, Haverford College, Haverford , Pa. 1973 EDWARD W . ROBINSON, JR. President, Chief Executive Officer, Provident Home Industrial
Mutual Life Insurance Company , Philadelphia, Pa. 1974
District 4—FEDERAL RESERVE BANK OF CLEVELAND
Class A:
DAVID L. BRUMBACK, JR. President, Van Wert National Bank, Van Wert , Ohio 1972 EDWARD W . BARKER President, First National Bank of Middle town, Ohio 1973
Vice Chairman of the Board, Mellon National Bank and Trust Company , Pittsburgh, Pa. 1974
A . BRUCE BOWDEN
Class B:
R. STANLEY LAING JOHN L . GUSHMAN
DONALD E . NOBLE
President, The National Cash Register Company , Dayton, Ohio 1972 Chairman of the Board, Chief Executive Officer, Anchor Hock-
ing Corporation, Lancaster , Ohio 1973 President, Chief Executive Officer, Rubbermaid , Incorporated,
Wooster , Ohio 1974
Class C.-
ALBERT G . C L A Y 1
J . W A R D K E E N E R 2
HORACE A . SHEPARD
President, Clay Tobacco Company , Mt . Sterling, Ky. 1972 Chairman of the Board, The B. F. Goodrich Company, Akron,
Ohio 1973 Chairman of the Board, Chief Executive Officer, T R W Inc . ,
Cleveland, Ohio 1974
Chairman 2 Deputy Chairman
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DIRECTORS RESERVE BANKS AND BRANCHES 183
District 4—FEDERAL RESERVE BANK OF CLEVELAND—Continued
CINCINNATI BRANCH Term
Expires Dec. 31
Appointed by Federal Reserve Bank:
PAUL W . CHRISTENSEN, JR. President, The Cincinnati Gear Company , Cincinnati , Ohio 1972 ROBERT E. HALL President, The First National Bank and Trust Company , Troy,
Ohio 1972 WILLIAM S. ROWE President, The Fifth Third Bank, Cincinnati , Ohio 1973 E. PAUL WILLIAMS President, The Second National Bank of Ashland, Ky. 1974
Appointed by Board of Governors:
PHILLIP R. SHRIVER President, Miami University, Oxford , Ohio 1972 CLAIR F. VOUGH Vice President, Office Products Division, IBM Corporat ion, Lex-
ington, Ky. 1973 GRAHAM E. MARX1 President, General Manager , The G. A. Gray Company , Cincin-
nati, Ohio 1974
PITTSBURGH BRANCH
Appointed by Federal Reserve Bank:
ROBINSON F. BARKER Chairman of the Board, Chief Executive Officer, PPG Industries, Inc . , Pittsburgh, Pa. 1972
JOHN W . BINGHAM President, The Merchants and Manufacturers National Bank of Sharon, Pa. 1972
MERLE E. GILLIAND Chairman of the Board, Chief Executive Officer, Pittsburgh Na-tional Bank, Pittsburgh, Pa. 1973
CHARLES F. WARD President, Gallatin National Bank, Uniontown, Pa. 1974
Appointed by Board of Governors:
LAWRENCE E. WALKLEY1 President, Chief Executive Officer, West inghouse Air Brake Company, Pittsburgh, Pa. 1972
ROBERT E. KIRBY President, Industry and Defense Company , West inghouse Elec-tric Corporation, Pittsburgh, Pa. 1973
RICHARD M. CYERT Dean , Graduate School of Industrial Administrat ion, Carnegie-Mellon University, Pittsburgh, Pa. 1974
District 5—FEDERAL RESERVE BANK OF RICHMOND
Class A :
HUGH A. CURRY President, Chief Executive Officer, The Kanawha Valley Bank, Charleston, W . Va. 1972
THOMAS P. MCLACHLEN President, McLachlen National Bank, Washington, D . C . 1973 EDWARD N. EVANS President, Farmers & Merchants National Bank of Cambridge,
Cambridge, M d . 1974
Chairman
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184 FEDERAL RESERVE BULLETIN • FEBRUARY 1972
District 5—FEDERAL RESERVE BANK OF RICHMOND—Continued
Term Expires
Dec. 31 Class B.-
ROBERT S. SMALL President, Dan River, Inc. , Greenvil le, S. C. 1972 H. DAIL HOLDERNESS President, Carolina Telephone and Telegraph Company, Tar-
boro, N . C . 1973 HENRY C. HOFHEIMER, II Member of the Executive Commit tee , Southern Materials Co . ,
Inc . , Norfolk , Va. 1974
Class C: ROBERT W . LAWSON, JR.1 Managing Partner of Charleston Office, Steptoe & Johnson,
Charleston, W . Va. 1972 STUART SHUMATE2 President, Richmond, Fredericksburg and Potomac Railroad
Company , Richmond, Va. 1973 E. CRAIG WALL, SR. Chairman of the Board, Canal Industries, Inc . , Conway, S .C. 1974
BALTIMORE BRANCH
Appointed by Federal Reserve Bank:
J . R . CHAFFINCH, JR.
JAMES J . ROBINSON J . STEVENSON PECK TILTON H . DOBBIN
Executive Vice President, The Denton National Bank, Denton, Md . 1972
Executive Vice President, Bank of Ripley, W . Va. 1973 President, Union Trust Company of Maryland, Balt imore, Md . 1973 President, Chairman of the Executive Commit tee , Maryland Na-
tional B ank, B altimore, Md . 1974
Appointed by Board of Governors:
ARNOLD J . KLEFF, JR. B a l t i m o r e , M d . 1 9 7 2 JOHN H. FETTING, JR.1 President, A. H. Fetting Company , Balt imore, Md . 1973 JAMES G. HARLOW, JR. President, West Virginia University, Morgantown, W . Va. 1974
CHARLOTTE BRANCH
Appointed by Federal Reserve Bank:
J. WILLIS CANTEY Chairman, Chief Executive Officer, The Citizens & Southern National Bank of South Carolina, Columbia , S .C. 1972
C. C. CAMERON Chairman of the Board, President, First Union National Bank of North Carolina, Charlotte, N . C . 1973
H. PHELPS BROOKS, JR. President, The Peoples National Bank, Chester , S .C. 1973 L. D. COLTRANE, III President, The Concord National Bank, Concord, N .C . 1974
Chairman 2 Deputy Chairman
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DIRECTORS RESERVE BANKS AND BRANCHES 185
District 5—FEDERAL RESERVE BANK OF RICHMOND—Continued
CHARLOTTE BRANCH—Continued
Term Expires
Dec. 31
Appointed by Board of Governors:
ROBERT C. EDWARDS President, Clemson University, Clemson, S .C . 1972 CHARLES W . DEBELL1 General Manager , North Carolina Works , Western Electric Com-
pany, Inc . , Winston-Salem, N . C . 1973 CHARLES F. BENBOW Vice President, R. J. Reynolds Industries, Inc . , Winston-Salem,
N . C . 1974
District 6—FEDERAL RESERVE BANK OF ATLANTA
Class A: WILLIAM B. MILLS President, The Florida National Bank, Jacksonvil le, Fla. 1972 A. L. ELLIS Chairman of the Board, First National Bank, Tarpon Springs,
Fla. 1 9 7 3 JACK P. KEITH President, First National Bank of West Point, Ga. 1974
Class B:
PHILIP J. LEE Vice President, TropicanaProducts , Inc . , Tampa , Fla. 1972 HOSKINS A. SHADOW President, Tennessee Valley Nursery, Inc . , Winchester , Tenn. 1973 OWEN COOPER President, Mississippi Chemical Corporat ion, Coastal Chemical
Corporation, Yazoo City, Miss. 1974
Class C:
F. EVANS FARWELL President, Milliken and Farwell , Inc . , New Orleans, La. 1972 JOHN C. WILSON1 President, Horne-Wilson, Inc. , Atlanta, Ga. 1973 H. G. PATTILLO2 President, Pattillo Construction Company, Inc . , Decatur , Ga. 1974
BIRMINGHAM BRANCH
Appointed by Federal Reserve Bank:
HARVEY TERRELL Chairman of the Board, The First National Bank of Birmingham, Ala. 1972
WALLACE D. MALONE, JR. President, Chairman of the Board, The First National Bank of Dothan, Ala. 1973
C. LOGAN TAYLOR Chairman of the Board, The First State Bank of Oxford , Ala. 1973 W . EUGENE MORGAN President, Chief Executive Officer, The First National Bank of
Huntsville, Ala. 1974
Chairman 2 Deputy Chairman
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186 FEDERAL RESERVE BULLETIN • FEBRUARY 1972
District 6—FEDERAL RESERVE BANK OF ATLANTA—Continued
BIRMINGHAM BRANCH—Continued Term
Expires Dec. 31
Appointed by Board of Governors:
E. STANLEY ROBBINS1 President, National Floor Products Company , Inc . , Florence, Ala. 1 9 7 2
DAVID MATHEWS President, University of Alabama, Universi ty, Ala. 1973 WILLIAM C. BAUER President, South Central Bell, Bi rmingham, Ala. 1974
JACKSONVILLE BRANCH
Appointed by Federal Reserve Bank:
JAMES G . RICHARDSON
MALCOLM C . BROWN
A . CLEWIS H O W E L L G U Y W . BOTTS
Chairman of the Board, President, The Commercial Bank and Trust Company of Ocala, Fla. 1972
President, Chairman of the Board , Florida First National Bank at Brent, Pensacola, Fla. 1973
President, Marine Bank & Trust Company , Tampa , Fla. 1973 Vice Chairman of the Board, Barnett Bank of Jacksonville, N. A . ,
Jacksonville, Fla. 1974
Appointed by Board of Governors:
HENRY K . STANFORD 1
HENRY CRAGG
GERT H . W . SCHMIDT
President, University of Miami , Coral Gables, Fla. 1972 Vice President, The Coca-Cola Company Foods Division,
Winter Park, Fla. 1973 President, TeLeVision 12 of Jacksonvil le, Fla. 1974
NASHVILLE BRANCH
Appointed by Federal Reserve Bank:
EDWARD C. HUFFMAN Chairman of the Board, President, First National Bank, Shelby-
D A N B . ANDREWS EDWARD G . NELSON
THOMAS C . M O T T E R N
ville, Tenn. 1972 President, First National Bank, Dickson, Tenn. 1973 Executive Vice President, Commerce Union Bank, Nashvil le ,
Tenn. 1973 President, Hamilton National B ank of Johnson City, Tenn. 1974
Appointed by Board of Governors:
JOHN C. TUNE, JR. 1 Partner, Butler, McHugh , Butler, Tune & Watts , Nashvil le, Tenn.
JAMES W . LONG President, Robertson County Farm Bureau, Springfield, Tenn. EDWARD J. BOLING President, The University of Tennessee, Knoxvil le , Tenn.
1 9 7 2 1 9 7 3 1 9 7 4
Chairman
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District 6—FEDERAL RESERVE BANK OF ATLANTA—Continued
NEW ORLEANS BRANCH
Appointed by Federal Reserve Bank:
Term Expires
Dec. 31
H. P. HEIDELBERG, JR. President, Pascagoula-Moss Point Bank, Pascagoula, Miss . 1972 TOM A. FLANAGAN, JR. President, Lakeside National Bank of Lake Charles, La. 1973 LAWRENCE A. MERRIGAN President, The Bank of New Orleans and Trust Company, New
Orleans, La. 1973 ARCHIE R. MCDONNELL President, Citizens National Bank, Meridian, Miss . 1974
Appointed by Board of Governors:
D. BEN KLEINPETER Wholesale Manager , Kleinpeter Farms Dairy, Inc . , Baton
BROADUS N . B U T L E R 1
FRED ADAMS, JR.
Rouge, La. President, Dillard University, New Orleans, La. President, Cal-Maine Foods, Inc . , Jackson, Miss .
1 9 7 2 1 9 7 3 1 9 7 4
District 7—FEDERAL RESERVE BANK OF CHICAGO
Chairman of the Board, The Northern Trust Company , Chicago, Class A :
EDWARD BYRON SMITH
M E L V I N C . LOCKARD FLOYD F . WHITMORE
Class B.-
WILLIAM H . DAVIDSON HOWARD M . PACKARD JOHN T . HACKETT
Class C:
EMERSON G . H I G D O N 1
JOHN W . BAIRD WILLIAM H . FRANKLIN 2
111. 1972 President, First National Bank, Mat toon, 111. 1973 President, The Okey-Vernon National Bank, Corning, Iowa 1974
President, Harley-Davidson Motor C o . , Inc . , Mi lwaukee , Wis . 1972 Vice Chairman, S. C. Johnson & Son, Inc . , Racine, Wis . 1973 Executive Vice President, Cummins Engine Company , Inc . ,
Columbus, Ind. 1974
President, The Maytag Company, Newton , Iowa President, Baird & Warner , Inc . , Chicago, 111. President, Caterpillar Tractor Co . , Peoria, 111.
1 9 7 2 1 9 7 3 1 9 7 4
DETROIT BRANCH
Appointed by Federal Reserve Bank:
GEORGE L . W H Y E L
ROLAND A . M E W H O R T ELLIS B . MERRY HAROLD A . ELGAS
Chairman 2 Deputy Chairman
President, Genesee Merchants Bank & Trust Company , Flint, Mich. 1972
Chairman, Manufacturers National Bank of Detroit , Mich. 1972 Chairman of the Board, National Bank of Detroit , Mich. 1973 President, Gaylord State Bank, Gaylord, Mich . 1974
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1972
188 FEDERAL RESERVE BULLETIN • FEBRUARY 1972
District 7—FEDERAL RESERVE BANK OF CHICAGO—Continued
DETROIT BRANCH—Continued
Appointed by Board of Governors:
Term Expires
Dec. 31
W . M . DEFOE
L . W M . SEIDMAN PETER B . CLARK 1
Chairman of the Board, Defoe Shipbuilding Company , Bay City, Mich. 1972
Resident Partner, Seidman & Seidman, Grand Rapids, Mich. 1973 Chairman of the Board, President, The Evening News Associa-
tion , Detroit , Mich. 1974
District 8—FEDERAL RESERVE BANK OF ST. LOUIS
Class A :
CECIL W . C U P P , JR. BRADFORD BRETT EDWIN S . JONES
Class B:
EDWARD J . SCHNUCK FRED I . B R O W N , JR. JAMES M . TUHOLSKI
Class C.-
SAM COOPER 2
HARRY M . Y O U N G , JR. FREDERIC M . PEIRCE 1
President, Arkansas Bank & Trust Company , Hot Springs, Ark. 1972 President, The First National Bank of Mexico , Mo . 1973 Chairman of the Board, Chief Executive Officer, First National
Bank in St. Louis , Mo . 1974
Chairman of the Board, Schnuck Markets , Inc . , Bridgeton, Mo . 1972 President, Arkansas Foundry Company , Little Rock , Ark. 1973 President, Mead Johnson & Company , Evansvil le, Ind. 1974
President, H u m K o Products Division of Kraf tco Corporat ion, Memphis , Tenn. 1972
Farmer , Herndon, Ky. 1973 Chairman of the Board, Chief Executive Officer, General Ameri-
can Life Insurance Company , St. Louis, Mo . 1974
LITTLE ROCK BRANCH
Appointed by Federal Reserve Bank:
ELLIS E . SHELTON W A Y N E A . STONE
EDWARD M . PENICK
W I L L H . KELLEY
President, The First National Bank of Fayetteville, Ark. 1972 Chairman of the Board, Chief Executive Officer, S immons First
National Bank of Pine Bluff , Ark. 1972 President, Chief Executive Officer, Worthen Bank & Trust Com-
pany, Little Rock, Ark. 1973 President, Chief Executive Officer, The State First National Bank of Texarkana, Ark. 1974
Appointed by Board of Governors:
JAKE H A R T Z , JR. ROLAND R . R E M M E L 1
A L POLLARD
President, Jacob Hartz Seed Co . , Inc . , Stuttgart, Ark. 1972 Chairman of the Board, Southland Building Products Co . , Little
Rock, Ark. 1973 President, Al Pollard & Associates, Little Rock , Ark. 1974
Chairman 2 Deputy Chairman
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1972
DIRECTORS RESERVE BANKS AND BRANCHES 189
District 8—FEDERAL RESERVE BANK OF ST. LOUIS—Continued
LOUISVILLE BRANCH Term Expires
Appointed by Federal Reserve Bank: Dec. 31
PAUL CHASE President, The Bedford National Bank, Bedford , Ind. 1972 HERBERT J. SMITH President, The American National Bank & Trust Company of
Bowling Green, Ky. 1972 HAROLD E. JACKSON President, The Scott County State Bank, Scottsburg, Ind. 1973 HUGH M. SHWAB Chairman of the Boards, First National Bank of Louisville, The
Kentucky Trust Company , Louisville, Ky. 1974
Appointed by Board of Governors:
JOHN G. BEAM1 President, Thomas Industries, Inc . , Louisville, Ky. 1972 WILLIAM H. STROUBE Associate Dean, College of Science and Technology, Western
Kentucky University, Bowling Green, Ky. 1973 (Vacancy) 1974
MEMPHIS BRANCH
Appointed by Federal Reserve Bank:
JAMES R. FITZHUGH Executive Vice President, Bank of Ripley, Tenn. 1972 WAYNE W . PYEATT President, National Bank of Commerce , Memphis , Tenn. 1972 J . J . W H I T E President, Helena National Bank, Helena, Ark. 1973 WADE C. BARTON President, First Citizens National Bank, Tupelo, Miss . 1974
Appointed by Board of Governors:
WILLIAM L. GILES1 President, Mississippi State University, State College, Miss . 1972 ALVIN HUFFMAN, JR. President, Huf fman Brothers Incorporated, Blytheville, Ark. 1973 C. WHITNEY BROWN President, S . C . Toof & Company , Memphis , Tenn. 1974
District 9—FEDERAL RESERVE BANK OF MINNEAPOLIS
Class A.-
JOHN BOSSHARD Executive Vice President, First National Bank of Bangor , Wis. 1972
PHILIP H. NASON President, The First National Bank of Saint Paul, Minn. 1973
ROY H. JOHNSON President, First National Bank of Negaunee , Mich. 1974
Class B:
DAVID M . HESKETT President, Montana-Dakota Utilities Co . , Bismarck, N . D . 1972 DALE V. ANDERSEN President, Mitchell Packing Company , Inc . , Mitchell , S .D. 1973 JOHN H. BAILEY President, The Cretex Companies , Inc . , Elk River, Minn. 1974
Chairman
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February 1972
190 FEDERAL RESERVE BULLETIN • FEBRUARY 1972
District 9—FEDERAL RESERVE BANK OF MINNEAPOLIS—Continued Term
Expires Dec. 31
Class C.-DAVID M. LILLY1 Chairman of the Board, The Toro Company, Minneapolis , Minn. 1972 R u s s B. HART President, Hart-Albin Company , Billings, Mont . 1973 BRUCE B. DAYTON2 Chairman of the Board, Dayton Hudson Corporat ion, Minneapolis ,
Minn. 1974 HELENA BRANCH
Appointed by Federal Reserve Bank:
E. LOWRY KUNKEL President, First National Bank, Butte, Mont . 1972 ROBERT I. PENNER President, Citizens First National Bank, Wolf Point, Mont . 1972 RICHARD D. RUBIE President, Missoula Bank of Montana , Missoula , Mont . 1973
Appointed by Board of Governors:
WARREN B. JONES1 Secretary-Treasurer, Two Dot Land and Livestock Company, Harlowton, Mont . 1972
WILLIAM A. CORDINGLEY Publisher, Great Falls Tribune, Great Falls, Mont . 1973
District 10—FEDERAL RESERVE BANK OF KANSAS CITY
Class A.-ROGER D. KNIGHT, JR. Chairman of the Board, United Banks of Colorado, Inc . , Denver ,
Colo. 1972 C. MOSE MILLER Chairman of the Board, President, The Farmers and Merchants
State Bank, Colby, Kans. 1973 JOHN A. O'LEARY Chairman of the Board, The Peoples State Bank, Luray, Kans. 1974
Class B.-CECIL O. EMRICH President, C. O. Emrich Enterprises, Norfolk , Nebr. 1972 ALFRED E. JORDAN Vice President, Trans World Airlines, Inc . , Kansas City, Mo . 1973 FRANK C. LOVE President, Kerr -McGee Corporat ion, Oklahoma City, Okla. 1974
Class C: WILLARD DEERE HOSFORD, Vice President, General Manager , John Deere Company , Omaha ,
JR.2 Nebr. 1972 ROBERT T. PERSON President, Chairman of the Board, Public Service Company of
Colorado, Denver , Colo. 1973 ROBERT W . WAGSTAFF1 Chairman of the Board, President, Coca-Cola Bottling Company of
Mid-America , Kansas City, M o . 1974
DENVER BRANCH Appointed by Federal Reserve Bank:
ROBERT L. TRIPP President, Albuquerque National Bank, Albuquerque, N . M . 1972 DALE R. HINMAN Chairman of the Board, The Greeley National Bank, Greeley,
Colo. 1972 JOHN W . HAY, JR. President, Rock Springs National Bank, Rock Springs, W y o . 1973
C h a i r m a n 2 Deputy Chairman
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February 1972
DIRECTORS RESERVE BANKS AND BRANCHES 191
District 10—FEDERAL RESERVE BANK OF KANSAS CITY—Continued
DENVER BRANCH—Continued Term Expires
Appointed by Board of Governors: Dec. 31
DAVID R. C. BROWN1 President, The Aspen Skiing Corporat ion, Aspen, Colo. 1972 MAURICE B. MITCHELL Chancellor , University of Denver , Colo. 1973
OKLAHOMA CITY BRANCH
Appointed by Federal Reserve Bank:
MARVIN MILLARD Chairman of the Board, National Bank of Tulsa, Okla. 1972 HUGH C. JONES Executive Vice President, The Bank of Woodward , Okla. 1972 W . H. MCDONALD Chairman of the Executive Commit tee , The First National Bank
and Trust Company of Oklahoma City, Okla. 1973
Appointed by Board of Governors:
FLORIN W . ZALOUDEK Manager , J. I. Case Implements , Kremlin, Okla. 1972 JOSEPH H. WILLIAMS1 President, Chief Operating Officer, The Will iams Companies ,
Tulsa, Okla. 1973
OMAHA BRANCH
Appointed by Federal Reserve Bank:
EDWARD W . LYMAN President, The United States National Bank of Omaha ; Nebr . 1972 S. N. WOLBACH President, The First National Bank of Grand Island, Nebr . 1973 GLENN YAUSSI Chairman of the Board, National Bank of Commerce Trust &
Savings, Lincoln, Nebr. 1973
Appointed by Board of Governors:
HENRY Y. KLEINKAUF1 President, Natkin & Company, Omaha , Nebr . 1972 A. JAMES EBEL Vice President, General Manager , Cornhusker Television Cor-
poration, Lincoln, Nebr. 1973
District 11—FEDERAL RESERVE BANK OF DALLAS Class A.-
MURRAY KYGER Chairman of the Executive Commit tee , The First National Bank of Fort Wor th , Tex. 1972
J. V. KELLY President, The Peoples National Bank of Belton, Tex. 1973 A. W . RITER, JR. President, The Peoples National Bank of Tyler , Tex. 1974
Class B:
C. A. TATUM, JR. President, Chief Executive Officer, Texas Utilities Company , Dallas, Tex. 1972
CARL D. NEWTON Chairman of the Board, Fox-Stanley Photo Products , Inc . , San Antonio, Tex. 1973
HUGH F. STEEN President, El Paso Natural Gas Company , El Paso, Tex. 1974
Chairman
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1972
192 FEDERAL RESERVE BULLETIN • FEBRUARY 1972
District 11—FEDERAL RESERVE BANK OF DALLAS—Continued
Class C.-
PHILIP G . HOFFMAN 2
JOHN LAWRENCE CHAS. F . JONES 1
Term Expires
Dec. 31
President, University of Houston, Tex. 1972 Chairman of the Board, Dresser Industries, Inc . , Dallas, Tex. 1973 Vice Chairman of the Board, Humble Oil & Refining Company,
Houston, Tex. 1974
EL PASO BRANCH
Appointed by Federal Reserve Bank:
ARCHIE B . SCOTT SAM D . Y O U N G , JR. CULLEN J . KELLY W A Y N E STEWART
President, The Security State Bank of Pecos, Texas, Pecos, Tex. 1972 President, El Paso National Bank, El Paso, Tex. 1972 President, The First National Bank of Midland, Tex. 1973 President, First National Bank in Alamogordo, N . M . 1974
Appointed by Board of Governors:
ALLAN B. BOWMAN1 President, General Manager , Banner Mining Company , Tucson, Ariz. 1972
HERBERT M. SCHWARTZ President, Popular Dry Goods Co . , Inc . , El Paso, Tex. 1973 GAGE HOLLAND R a n c h e r , M a r a t h o n , T e x . 1974
HOUSTON BRANCH
Appointed by Federal Reserve Bank:
W . G . THORNELL
JOHN E . WHITMORE
KLINE M C G E E
SETH W . DORBANDT
Chairman of the Board, President, The First National Bank of Port Arthur, Tex. 1972
Chairman of the Board, Chief Executive Officer, Texas Commerce Bank National Association, Houston, Tex. 1972
Chairman of the Board, Southern National Bank of Houston, Tex. 1973
Chairman of the Board, President, First National Bank in Conroe, Tex. 1974
Appointed by Board of Governors:
G E O . T . MORSE, J R . 1
M . STEELE W R I G H T , JR
R . M . BUCKLEY
Vice Chairman of the Board, Chief Operating Officer, Peden In-dustries , Inc . , Houston, Tex. 1972
Chairman of the Board, Texas Farm Products Company , Nacog-doches, Tex. 1973
President, Eastex Incorporated, Silsbee, Tex. 1974
SAN ANTONIO BRANCH
Appointed by Federal Reserve Bank:
TOM C . FROST, JR. Chairman of the Board, The Frost National Bank of San Antonio, Tex. 1972
Chairman 2 Deputy Chairman
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1972
DIRECTORS RESERVE BANKS AND BRANCHES 193
District 11—FEDERAL RESERVE BANK OF DALLAS—Continued
SAN ANTONIO BRANCH—Continued
Appointed by Federal Branch Bank—Continued
Term Expires
Dec. 31
W . O . ROBERSON RAY M . K E C K , JR.
LEON STONE
President, First National Bank at Brownsvil le , Tex. 1972 Chairman of the Board, President, Union National Bank of Laredo,
Tex. 1973 President, The Austin National Bank, Austin, Tex. 1974
Appointed by Board of Governors:
W . A . BELCHER IRVING A . M A T H E W S 1
MARSHALL BOYKIN, I I I
Rancher , Veterinarian, Brackettville, Tex. 1972 Chairman of the Board, Chief Executive Officer, Frost Bros . ,
Inc. , San Antonio, Tex. 1973 Partner, Wood , Boykin & Wolter , Corpus Christi , Tex. 1974
District 12—FEDERAL RESERVE BANK OF SAN FRANCISCO
LOS ANGELES BRANCH
Class A.-CARROLL F. BYRD
RALPH J. Voss CARL E . SCHROEDER
Class B.-JOSEPH ROSENBLATT
MARRON KENDRICK
CHARLES R . D A H L
Class C:
S . ALFRED HALGREN 2
O . MEREDITH W I L S O N 1
M A S O J I
Chairman of the Board, President, The First National Bank of Wil lows, Calif. 1972
President, First National Bank of Oregon, Portland, Oreg. 1973 President, The First National Bank of Orange County, Orange,
Calif. 1974
Honorary Chairman of the Board, The Eimco Corporat ion, Salt Lake City, Utah 1972
President, Chairman of the Board, Schlage Lock Company , San Francisco, Calif. 1973
President, Chief Executive Officer, Crown Zellerbach, San Fran-cisco, Calif. 1974
Senior Vice President, Carnation Company , Los Angeles , Calif . 1972 President, Director, Center for Advanced Study in the Behavioral
Sciences, Stanford, Calif. 1973 President, Oji Bros. Farm, Inc . , Yuba City, Calif. 1974
Appointed by Federal Reserve Bank:
W . GORDON FERGUSON LINUS E . SOUTHWICK CARL E . HARTNACK RAYBURN S . DEZEMBER
President, National Bank of Whittier, Calif. 1972 President, Valley National Bank, Glendale, Calif. 1973 President, Security Pacific National Bank, Los Angeles , Calif. 1973 Chairman of the Board, President, American National Bank,
Bakersfield, Calif. 1974
Chairman 2 Deputy Chairman
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1972
194 FEDERAL RESERVE BULLETIN • FEBRUARY 1972
District 12—FEDERAL RESERVE BANK OF SAN FRANCISCO—Continued
LOS ANGELES BRANCH—Continued Term Expires
Appointed by Board of Governors: Dec. 31
LELAND D. PRATT1 President, Kelco Company, San Diego, Calif . 1972 EDWARD A. SLOAN President, S loan 's Dry Cleaners, Los Angeles , Calif . 1973 RUTH HANDLER President, Mattel , Inc . , Hawthorne , Calif. 1974
PORTLAND BRANCH
Appointed by Federal Reserve Bank:
JAMES H. STANARD Vice President, First National Bank of McMinnvi l le , Oreg. 1972 FRANK L. SERVOSS President, Crater National Bank of Medford , Oreg. 1972 LEROY B. STAVER Chairman of the Board, Chief Executive Officer, United States
National Bank of Oregon, Portland, Oreg. 1973
Appointed by Board of Governors:
JOHN R. HOWARD1 President, Lewis and Clark College, Portland, Oreg. 1972 FRANK ANDERSON Farmer, Heppner , Oreg. 1973
SALT LAKE CITY BRANCH
Appointed by Federal Reserve Bank:
RODERICK H. BROWNING President, Bank of Utah, Ogden, Utah 1972 ROY W . SIMMONS President, Zions First National Bank, Salt Lake City, Utah 1972 JOSEPH BIANCO Chairman of the Board, President, Bank of Idaho, Boise, Idaho 1973
Appointed by Board of Governors:
JOHN H. BRECKENRIDGE1 President, L. L. Breckenridge Company , Twin Falls, Idaho 1972 THEODORE C. JACOBSEN Chairman of the Board, Jacobsen Construction Company , Inc . ,
Salt Lake City, Utah 1973
SEATTLE BRANCH
Appointed by Federal Reserve Bank: A. E. SAUNDERS Vice Chairman of the Board, Puget Sound National Bank,
Tacoma, Wash. 1972 PHILIP H. STANTON President, Washington Trust Bank, Spokane, Wash . 1972 JOSEPH C. BAILLARGEON Chairman of the Board, Chief Executive Officer, Seattle Trust &
Savings Bank, Seattle, Wash . 1973
Appointed by Board of Governors: C. HENRY BACON, JR.1 Vice Chairman of the Board, Simpson Timber Company , Seattle, 1972
Wash. THOMAS T. HIRAI President, Quality Growers Company , Inc . , Quincy, Wash . 1973
Chairman
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
February 1972
Directors of Federal Reserve Banks and Branches
F o l lo w in g is a l is t o f th e d i r e c to r a te s o f th e F e d e ra l R e s e r v e B a n k s a n d b r a n c h e s a s a t p r e s e n t c o n s t i tu te d . T h e lis t s h o w s , in a d d i t io n to th e n a m e o f e a c h d i r e c to r , h is p r in c ip a l b u s in e s s a f f i l ia t io n , th e c la s s o f d i r e c to r s h ip , a n d th e d a te w h e n h is te rm e x p i r e s . E a c h F e d e r a l R e s e r v e B a n k h a s n in e d i r e c to r s ; th r e e C la s s A a n d th r e e C la s s B d i r e c to r s , w h o a re e le c te d b y th e s to c k h o ld in g m e m b e r b a n k s , a n d th r e e C la s s C d i r e c to r s , w h o a re a p p o in te d b y th e B o a rd o f G o v e r n o r s o f th e F e d e ra l R e s e r v e S y s te m . C la s s A d i r e c to r s a re r e p r e s e n ta t iv e o f th e s to c k h o ld in g m e m b e r b a n k s . C la s s B d i r e c to r s m u s t b e a c t iv e ly e n g a g e d in th e i r d is t r i c t in c o m m e r c e , a g r ic u l tu r e , o r s o m e in d u s t r ia l p u r s u i t , a n d m a y n o t b e o f f ic e r s , d i r e c to r s , o r e m p lo y e e s o f a n y b a n k . F o r th e p u r p o s e o f e le c t in g C la s s A a n d C la s s B d i r e c to r s , th e m e m b e r b a n k s o f e a c h F e d e ra l R e s e r v e d is t r i c t a re c la s s i f ie d b y th e B o a rd o f G o v e r n o r s o f th e F e d e ra l R e s e r v e S y s te m in to th r e e g r o u p s , e a c h o f w h ic h c o n s is ts o f b a n k s o f s im i la r c a p i t a l i z a t io n , a n d e a c h g r o u p e le c t s o n e C la s s A a n d o n e C la s s B d i r e c to r . C la s s C d i r e c to r s m a y n o t b e o f f ic e r s , d i r e c to r s , e m p lo y e e s , o r s to c k h o ld e r s o f a n y b a n k . O n e C la s s C d i r e c to r is d e s ig n a te d b y th e B o a rd o f G o v e r n o r s a s C h a ir m a n o f th e B o a rd o f D i r e c to r s a n d F e d e r a l R e s e r v e A g e n t a n d a n o th e r a s D e p u ty C h a ir m a n . F e d e ra l R e s e r v e b r a n c h e s h a v e e i th e r f iv e o r s e v e n d i r e c to r s , o f w h o m a m a jo r i ty a re a p p o in te d b y th e B o a rd o f D i r e c to r s o f th e p a r e n t F e d e ra l R e s e r v e B a n k ; th e o th e r s a re a p p o in te d b y th e B o a rd o f G o v e r n o r s o f th e F e d e r a l R e s e r v e S y s te m . O n e o f th e d i r e c to r s a p p o in te d b y th e B o a rd o f G o v e r n o r s a t e a c h b r a n c h is d e s ig n a te d a n n u a l ly a s C h a ir m a n o f th e B o a rd in s u c h m a n n e r a s th e F e d e r a l R e s e r v e B a n k m a y p r e s c r ib e .
N a m e s f o l lo w e d b y f o o tn o te 1 (*) a re C h a ir m e n a n d th o s e b y f o o tn o te 2 (2) a re D e p u ty C h a ir m e n .
D is tr ic t 1— FED ERA L RESER V E BANK O F BO STO N
C l a s s A :
R a l p h A . M c I n i n c h M a r k C . W h e e l e r
W il l ia m M . H o n e y
T e r m
e x p i r e s
D e c . 3 1
P r e s id e n t , M e rc h a n ts N a t io n a l B a n k o f M a n c h e s te r , N .H . 1 9 7 3P r e s id e n t , N e w E n g la n d M e rc h a n ts N a t io n a l B a n k , B o s to n ,
M a s s . 1 9 7 4P r e s id e n t , T h e M a r t h a ’s V in e y a r d N a t io n a l B a n k , V in e y a r d
H a v e n , M a s s . 1 9 7 5
C l a s s B :
G . W il l ia m M il l e r W . G o r d o n R o b e r t s o n
P r e s id e n t , T e x t r o n , P r o v id e n c e , R . I . 1 9 7 3B a n g o r , M a in e 1 9 7 4
A l f r e d W . V a n S i n d e r e n P r e s id e n t , T h e S o u th e r n N e w E n g la n d T e le p h o n e C o . ,N e w H a v e n , C o n n . 1 9 7 5
C l a s s C :
J o h n M . F o x
J a m e s S . D u e s e n b e r r y 1
L o u is W . C a b o t 2
P r e s id e n t , C h ie f E x e c u t iv e O f f ic e r , H . P . H o o d & S o n s , C h a r le s to w n , M a s s . 1 9 7 3
C h a ir m a n , D e p a r tm e n t o f E c o n o m ic s , H a r v a r d U n iv e r s i ty ,C a m b r id g e , M a s s . 1 9 7 4
C h a ir m a n o f th e B o a rd , C a b o t C o r p o r a t io n , B o s to n , M a s s . 1 9 7 5
2 2 6Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
T e r m
e x p i r e s
D e c . 3 1
C l a s s A :
D a v id C . R o c k e f e l l e r C h a ir m a n o f th e B o a rd , T h e C h a s e M a n h a t ta n B a n k , N e w Y o r k ,N .Y . 1 9 7 3
N o r m a n B r a s s l e r C h a ir m a n o f th e B o a rd , C h ie f E x e c u t iv e O f f ic e r , N e w J e r s e yB a n k , N .A . , P a s s a ic , N .J . 1 9 7 4
N e w m a n E . W a i t , J r . P r e s id e n t , A d i r o n d a c k T ru s t C o m p a n y , S a r a to g a S p r in g s , N .Y . 1 9 7 5
C l a s s B :
M a u r i c e F . G r a n v i l l e C h a ir m a n o f th e B o a rd , T e x a c o , I n c . , N e w Y o r k , N .Y . 1 9 7 3( V a c a n c y ) 1 9 7 4J a c k B . J a c k s o n P r e s id e n t , J . C . P e n n e y C o m p a n y , I n c . , N e w Y o r k , N .Y . 1 9 7 5
C l a s s C :
A l a n J . P if e r P r e s id e n t , C a rn e g ie C o r p o r a t io n o f N e w Y o r k , N e w Y o r k , N .Y . 1 9 7 3R o s w e l l L . G i l p a t r i c 1 P a r tn e r , C r a v a th , S w a in e & M o o r e , N e w Y o r k , N .Y . 1 9 7 4F r a n k R . M i l l i k e n 2 P r e s id e n t , K e n n e c o t t C o p p e r C o r p o r a t io n , N e w Y o r k , N .Y . 1 9 7 5
B UFFALO BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
W il l ia m B . A n d e r s o n P r e s id e n t , T h e F ir s t N a t io n a l B a n k o f J a m e s to w n , N .Y . 1 9 7 3A n g e l o A . C o s t a n z a P r e s id e n t , C h ie f E x e c u t iv e O f f ic e r , C e n tr a l T ru s t C o m p a n y ,
R o c h e s te r , N .Y . 1 9 7 3T h e o d o r e M . M c C l u r e P r e s id e n t , T h e C i t iz e n s N a t io n a l B a n k a n d T r u s t C o m p a n y ,
W e l l s v i l l e , N .Y . 1 9 7 4C l a u d e F . S h u c h t e r P r e s id e n t , C h ie f E x e c u t iv e O f f ic e r , M a n u f a c tu r e r s a n d T r a d e r s
T r u s t C o m p a n y , B u f f a lo , N .Y . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
R u p e r t W a r r e n 1 P r e s id e n t , T r ic o P ro d u c ts C o r p o r a t io n , B u f f a lo , N .Y . 1 9 7 3N o r m a n F . B e a c h V ic e P r e s id e n t , G e n e r a l M a n a g e r , K o d a k P a rk D iv i s io n , E a s tm a n
K o d a k C o m p a n y , R o c h e s te r , N .Y . 1 9 7 4D o n a l d N e s b i t t O w n e r - O p e r a to r , S i lv e r C r e e k F a r m s , A lb io n , N .Y . 1 9 7 5
D istr ic t 3— FEDERAL RESER V E BANK O F PHILADELPHIA
C l a s s A :
R ic h a r d A . H e r b s t e r P r e s id e n t , L e w is to w n T r u s t C o m p a n y , L e w is to w n , P a . 1 9 7 3( V a c a n c y ) 1 9 7 4J o h n H . H a s s l e r P r e s id e n t , T h e C ity N a t io n a l B a n k a n d T ru s t C o m p a n y o f S a le m ,
N .J . 1 9 7 5
C l a s s B :
( V a c a n c y ) 1 9 7 3C . G r a h a m B e r w i n d , J r . P r e s id e n t , C h ie f E x e c u t iv e O f f ic e r , B e rw in d C o r p o r a t io n ,
P h i la d e lp h ia , P a . 1 9 7 4B e r n a r d D . B r o e k e r E x e c u t iv e V ic e P r e s id e n t , B e th le h e m S te e l C o r p o r a t io n ,
B e th le h e m , P a . 1 9 7 5
District 2—FEDERAL RESERVE BANK OF NEW YORK
2 2 7Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
2 2 8 F E D E R A L R E S E R V E B U L L E T I N □ M A R C H 1 9 7 3
D istr ic t 3— FEDERAL R ESER V E BANK O F PHILADELPHIA— C o n tin u e dT e r m
e x p i r e s
D e c . 3 1
C l a s s C :
J o h n R . C o l e m a n 1 P r e s id e n t , H a v e r f o rd C o l le g e , H a v e r f o r d , P a . 1 9 7 3E d w a r d W . R o b i n s o n , J r . P r e s id e n t , P r o v id e n t H o m e I n d u s t r ia l M u tu a l L ife I n s u r a n c e C o . ,
P h i la d e lp h ia , P a . 1 9 7 4E d w a r d J . D w y e r 2 C h a i r m a n , C h ie f E x e c u t iv e O f f ic e r , E S B I n c o r c o r p o r a te d ,
P h i la d e lp h ia , P a . 1 9 7 5
D is tr ic t 4— FED ERA L R ESER V E BANK O F CLEVELAND
C l a s s A :
E d w a r d W . B a r k e r A . B r u c e B o w d e n
P r e s id e n t , F ir s t N a t io n a l B a n k o f M id d le to w n , O h io 1 9 7 3 V ic e C h a ir m a n o f th e B o a rd , M e l lo n N a t io n a l B a n k a n d T ru s t
C o m p a n y , P i t t s b u r g h , P a . 1 9 7 4D a v id L . B r u m b a c k , J r . P r e s id e n t , V a n W e r t N a t io n a l B a n k , V a n W e r t , O h io 1 9 7 5
C l a s s B :
J o h n L . G u s h m a n
D o n a l d E . N o b l e
R e n e C . M c P h e r s o n
C l a s s C :
J . W a r d K e e n e r 2
H o r a c e A . S h e p a r d 1
O t is A . S i n g l e t a r y
C h a ir m a n o f th e B o a rd , C h ie f E x e c u t iv e O f f ic e r , A n c h o r H o c k in g C o r p o r a t io n , L a n c a s te r , O h io 1 9 7 3
P r e s id e n t , C h ie f E x e c u t iv e O f f ic e r , R u b b e rm a id I n c o r p o r a te d , W o o s te r , O h io 1 9 7 4
C h a i r m a n , C h ie f E x e c u t iv e O f f ic e r , D a n a C o r p o r a t io n , T o le d o ,O h io 1 9 7 5
C h a ir m a n o f th e E x e c u t iv e C o m m it te e , T h e B . F . G o o d r ic h C o m p a n y , A k r o n , O h io 1 9 7 3
C h a ir m a n o f th e B o a rd , C h ie f E x e c u t iv e O f f ic e r , T R W I n c . , C le v e la n d , O h io 1 9 7 4
P r e s id e n t , U n iv e r s i ty o f K e n tu c k y , L e x in g to n , K y . 1 9 7 5
CINCINNATI BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
W il l ia m S . R o w e P r e s id e n t , T h e F if th T h ir d B a n k , C in c in n a t i , O h io 1 9 7 3E . P a u l W il l ia m s P r e s id e n t , S e c o n d N a t io n a l B a n k , A s h la n d , K y . 1 9 7 4P a u l W . C h r i s t e n s e n , J r . P r e s id e n t , T h e C in c in n a t i G e a r C o m p a n y , C in c in n a t i , O h io 1 9 7 5 R o b e r t E . H a l l P r e s id e n t , T h e F i r s t N a t io n a l B a n k a n d T r u s t C o m p a n y ,
T r o y , O h io 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
C l a ir F . V o u g h V ic e P re s id e n t , O ffic e P ro d u c ts D iv i s io n , IB M C o r p o r a t io n ,L e x in g to n , K y . 1 9 7 3
G r a h a m E . M a r x 1 P r e s id e n t , G e n e r a l M a n a g e r , T h e G . A . G r a y C o m p a n y ,C in c in n a t i , O h io 1 9 7 4
P h i l l i p R . S h r iv e r P r e s id e n t , M ia m i U n iv e r s i ty , O x f o r d , O h io 1 9 7 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
D I R E C T O R S O F F E D E R A L R E S E R V E B A N K S A N D B R A N C H E S 229
D istr ic t 4— FEDERAL R ESER V E BANK O F CLEVELAND— C o n tin u e dT e r m
PITTSBU RG H BRANCHD e c . 3 1
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
M e r l e E . G i l l i a n d C h a ir m a n o f th e B o a rd , C h ie f E x e c u t iv e O f f ic e r , P i t t s b u r g hN a t io n a l B a n k , P i t t s b u r g h , P a . 1 9 7 3
C h a r l e s F . W a r d P r e s id e n t , G a l la t in N a t io n a l B a n k , U n io n to w n , P a . 1 9 7 4R o b in s o n F . B a r k e r C h a ir m a n o f th e B o a rd , C h ie f E x e c u t iv e O f f ic e r , P P G I n d u s t r i e s ,
I n c . , P i t t s b u r g h , P a . 1 9 7 5J e r r y A . H a l v e r s o n P r e s id e n t , T h e F i r s t N a t io n a l B a n k a n d T r u s t C o . o f W h e e l in g ,
W . V a . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
R o b e r t E . K i r b y 1 P r e s id e n t , I n d u s t r y a n d D e f e n s e C o m p a n y , W e s t in g h o u s eE le c t r ic C o r p o r a t io n , P i t t s b u r g h , P a . 1 9 7 3
R ic h a r d M . C y e r t P r e s id e n t , C a r n e g ie - M e llo n U n iv e r s i ty , P i t t s b u r g h , P a . 1 9 7 4D o u g l a s G r y m e s P r e s id e n t , K o p p e r s C o m p a n y , I n c . , P i t t s b u r g h , P a . 1 9 7 5
D is tr ic t 5— FEDERAL R ESER V E BANK O F RICHMOND
C l a s s A :
T h o m a s P . M c L a c h l e n E d w a r d N . E v a n s
J o h n H . L u m p k in
C l a s s B :
H . D a il H o l d e r n e s s
H e n r y C . H o f h e i m e r , II O s b y L . W e ir
C l a s s C :
S t u a r t S h u m a t e 2
E . C r a ig W a l l , S r . R o b e r t W . L a w s o n , J r . 1
P r e s id e n t , M c L a c h le n N a t io n a l B a n k , W a s h in g to n , D .C . 1 9 7 3P r e s id e n t , F a r m e r s & M e rc h a n ts N a t io n a l B a n k o f C a m b r id g e ,
M d . 1 9 7 4C h a i r m a n , C h ie f E x e c u t iv e O f f ic e r , T h e S o u th C a r o l in a N a t io n a l
B a n k , C o lu m b ia , S .C . 1 9 7 5
P r e s id e n t , C a r o l in a T e le p h o n e a n d T e le g r a p h C o m p a n y , T a r b o r o ,N .C . 1 9 7 3
C h a ir m a n , V i r g in ia R e a l E s ta te I n v e s tm e n t T r u s t , N o r f o lk , V a . 1 9 7 4 G e n e r a l M a n a g e r , M e tro p o l i ta n W a s h in g to n - B a l t im o r e A r e a
S e a r s , R o e b u c k a n d C o . , B e th e s d a , M d . 1 9 7 5
P r e s id e n t , R ic h m o n d , F re d e r ic k s b u r g a n d P o to m a c R a i l r o a d C o m p a n y , R ic h m o n d , V a . 1 9 7 3
C h a ir m a n o f th e B o a rd , C a n a l I n d u s t r i e s , I n c . , C o n w a y , S .C . 1 9 7 4 S e n io r P a r tn e r , C h a r le s to n O ffic e , S te p to e & J o h n s o n ,
C h a r le s to n , W . V a . 1 9 7 5
BALTIMORE BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
J . S t e v e n s o n P e c k
J a m e s J . R o b in s o n T il t o n H . D o b b in
J . R . C h a f f i n c h , J r .
C h a ir m a n o f th e B o a rd , U n io n T ru s t C o m p a n y o f M a r y la n d , B a l t im o r e , M d . 1 9 7 3
E x e c u t iv e V ic e P re s id e n t , B a n k o f R ip le y , W . V a . 1 9 7 3P r e s id e n t , C h a ir m a n o f th e E x e c u t iv e C o m m it te e , M a ry la n d
N a t io n a l B a n k , B a l t im o r e , M d . 1 9 7 4P r e s id e n t , T h e D e n to n N a t io n a l B a n k , D e n to n , M d . 1 9 7 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
2 3 0 F E D E R A L R E S E R V E B U L L E T I N □ M A R C H 1 9 7 3
D istr ic t 5— FEDERAL R ESER V E BANK O F RICHM OND— C o n tin u e d
T e r mBALTIM ORE BRANCH— C o n tin u e d e x p i r e s
D e c . 3 1
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
J o h n H . F e t t i n g , J r . 1 P r e s id e n t , A . H . F e t t in g C o m p a n y , B a l t im o r e , M d . 1 9 7 3J a m e s G . H a r l o w P r e s id e n t , W e s t V i r g in ia U n iv e r s i ty , M o r g a n to w n , W . V a . 1 9 7 4D a v id W . B a r t o n , J r . P r e s id e n t , B a r to n - G i l le t C o m p a n y , B a l t im o r e , M d . 1 9 7 5
CHA RLO TTE BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
H . P h e l p s B r o o k s , J r . P r e s id e n t , T h e P e o p le s N a t io n a l B a n k , C h e s te r , S .C . 1 9 7 3C . C . C a m e r o n C h a ir m a n o f th e B o a rd , P r e s id e n t , F ir s t U n io n N a t io n a l B a n k
o f N o r th C a r o l in a , C h a r lo t t e , N .C . 1 9 7 3L . D . C o l t r a n e , I II P r e s id e n t , T h e C o n c o rd N a t io n a l B a n k , C o n c o r d , N .C . 1 9 7 4W il l ia m W . B r u n e r C h a i r m a n , P r e s id e n t , F ir s t N a t io n a l B a n k o f S o u th C a r o l in a ,
C o lu m b ia , S .C . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
C h a r l e s W . D e B e l l 1 G e n e r a l M a n a g e r , N o r th C a r o l in a W o r k s , W e s te rn E le c t r icC o m p a n y , I n c . , W in s to n - S a le m , N .C . 1 9 7 3
C h a r l e s F . B e n b o w V ic e P r e s id e n t , R . J . R e y n o ld s I n d u s t r i e s , I n c . , W in s to n - S a le m ,N .C . 1 9 7 4
R o b e r t C . E d w a r d s P r e s id e n t , C le m s o n U n iv e r s i ty , C le m s o n , S .C . 1 9 7 5
D istric t 6— FED ERA L RESER V E BANK O F ATLANTA
C l a s s A :
A . L . E l l is
J a c k P . K e i t h S a m I . Y a r n e l l
C l a s s B :
H o s k in s A . S h a d o w O w e n C o o p e r
G e o r g e W . J e n k i n s
C l a s s C :
C h a ir m a n o f th e B o a rd , F ir s t N a t io n a l B a n k , T a r p o n S p r in g s ,F la . 1 9 7 3
P r e s id e n t , F ir s t N a t io n a l B a n k o f W e s t P o in t , G a . 1 9 7 4C h a ir m a n , A m e r ic a n N a t io n a l B a n k a n d T r u s t C o . , C h a t ta n o o g a ,
T e n n . 1 9 7 5
P r e s id e n t , T e n n e s s e e V a l le y N u r s e r y , I n c . , W in c h e s te r , T e n n . 1 9 7 3 P r e s id e n t , M is s is s ip p i C h e m ic a l C o r p o r a t io n , C o a s ta l C h e m ic a l
C o r p o r a t io n , Y a z o o C i ty , M is s . 1 9 7 4C h a i r m a n , P u b l ix S u p e r M a rk e ts , I n c . , L a k e la n d , F la . 1 9 7 5
J o h n C . W i l s o n 1 H . G . P a t t i l l o 2 F . E v a n s F a r w e l l
P r e s id e n t , H o r n e - W i ls o n , I n c . , A t la n ta , G a . 1 9 7 3P r e s id e n t , P a t t i l lo C o n s t ru c t io n C o m p a n y , I n c . , D e c a tu r , G a . 1 9 7 4 P r e s id e n t , M i l l ik e n a n d F a r w e l l , I n c . , N e w O r le a n s , L a . 1 9 7 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
D I R E C T O R S O F F E D E R A L R E S E R V E B A N K S A N D B R A N C H E S 2 3 1
D istr ic t 6— FEDERAL R ESER V E BANK O F ATLANTA— C o n tin u e d
T e r mBIRMINGHAM BRANCH e x p i r e s
D e c . 3 1
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
W a l l a c e D . M a l o n e , J r . P r e s id e n t , C h a ir m a n o f th e B o a rd , T h e F ir s t N a t io n a l B a n k o fD o th a n , A la . 1 9 7 3
C . L o g a n T a y l o r C h a ir m a n o f th e B o a rd , T h e F ir s t S ta te B a n k o f O x f o r d , A la . 1 9 7 3W . E u g e n e M o r g a n P r e s id e n t , C h ie f E x e c u t iv e O f f ic e r , T h e F i r s t N a t io n a l B a n k o f
H u n ts v i l l e , A la . 1 9 7 4J o h n T . O l iv e r P r e s id e n t , F i r s t N a t io n a l B a n k , J a s p e r , A la . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
D a v id M a t h e w s 1 P r e s id e n t , U n iv e r s i ty o f A la b a m a , U n iv e r s i ty , A la . 1 9 7 3W il l ia m C . B a u e r P r e s id e n t , S o u th C e n tr a l B e l l , B i r m in g h a m , A la . 1 9 7 4
F r e d e r ic k G . K o e n i g , J r . P r e s id e n t , C h ie f E x e c u t iv e O f f ic e r , A la b a m a B y - P ro d u c tsC o r p o r a t io n , B i r m in g h a m , A la . 1 9 7 5
JA CK SO N V ILLE BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
M a l c o l m C . B r o w n P r e s id e n t , C h a ir m a n o f th e B o a rd , F lo r id a F i r s t N a t io n a l B a n ka t B r e n t , P e n s a c o la , F la . 1 9 7 3
A . C l e w is H o w e l l P r e s id e n t , M a r in e B a n k & T ru s t C o m p a n y , T a m p a , F la . 1 9 7 3G u y W . B o t t s V ic e C h a ir m a n o f th e B o a rd , B a rn e t t B a n k o f 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 la . 1 9 7 4M ic h a e l J . F r a n c o C h a ir m a n o f th e B o a rd , C i ty N a t io n a l B a n k o f M ia m i , F la . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
H e n r y C r a g g 1 V ic e P r e s id e n t , T h e C o c a - C o la C o m p a n y F o o d s D iv i s io n , W in te rP a r k , F la . 1 9 7 3
G e r t H . W . S c h m id t P r e s id e n t , T e L e V is io n 12 o f J a c k s o n v i l l e , F la . 1 9 7 4J a m e s E . L y o n s P r e s id e n t , L y o n s I n d u s t r ia l C o r p o r a t io n , W in te r H a v e n , F la . 1 9 7 5
NASHVILLE BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
D a n B . A n d r e w s P r e s id e n t , F ir s t N a t io n a l B a n k , D ic k s o n , T e n n . 1 9 7 3E d w a r d G . N e l s o n P r e s id e n t , C o m m e r c e U n io n B a n k , N a s h v i l le , T e n n . 1 9 7 3W . B r y a n W o o d a r d P r e s id e n t , K in g s p o r t N a t io n a l B a n k , K in g s p o r t , T e n n . 1 9 7 4R o b e r t E . C u r r y P r e s id e n t , F i r s t N a t io n a l B a n k o f P u la s k i , T e n n . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
J a m e s W . L o n g 1 P r e s id e n t , R o b e r ts o n C o u n ty F a rm B u r e a u , S p r in g f ie ld , T e n n . 1 9 7 3E d w a r d J . B o l i n g P r e s id e n t , T h e U n iv e r s i ty o f T e n n e s s e e , K n o x v i l l e , T e n n . 1 9 7 4
J o h n C . T u n e P a r tn e r , B u t le r , M c H u g h , B u t le r , T u n e & W a t t s , N a s h v i l le ,T e n n . 1 9 7 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
2 3 2 F E D E R A L R E S E R V E B U L L E T I N □ M A R C H 1 9 7 3
D istr ic t 6— FED ERA L R E SER V E BANK O F ATLANTA— C o n tin u e dT e n n
NEW O R LEA N S BRANCH e x p i r e sD e c . 3 1
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
T o m A . F l a n a g a n , J r . P r e s id e n t , L a k e s id e N a t io n a l B a n k o f L a k e C h a r le s , L a . 1 9 7 3 L a w r e n c e A . M e r r ig a n P r e s id e n t , T h e B a n k o f N e w O r le a n s a n d T ru s t C o m p a n y ,
N e w O r le a n s , L a . 1 9 7 3A r c h i e R . M c D o n n e l l P r e s id e n t , C i t iz e n s N a t io n a l B a n k , M e r id ia n , M is s . 1 9 7 4E r n e s t F . L a d d , J r . C h a i r m a n , T h e M e rc h a n ts N a t io n a l B a n k , M o b i le , A la . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
B r o a d u s N . B u t l e r P r e s id e n t , D i l la rd U n iv e r s i ty , N e w O r le a n s , L a . 1 9 7 3F r e d A d a m s , J r . 1 P r e s id e n t , C a l- M a in e F o o d s , I n c . , J a c k s o n , M is s . 1 9 7 4E d w in J . C a p l a n P r e s id e n t , C a p la n ’s M e n ’s S h o p s , I n c . , A le x a n d r ia , L a . 1 9 7 5
D is tr ic t 7— FED ERA L RESER V E BANK O F CHICAGO
C l a s s A :
M e l v in C . L o c k a r d F l o y d F . W h it m o r e E d w a r d B y r o n S m it h
C l a s s B :
H o w a r d M . P a c k a r d J o h n T . H a c k e t t
O s c a r G . M a y e r
C l a s s C :
J o h n W . B a ir d W il l ia m H . F r a n k l i n 1 P e t e r B . C l a r k 2
P r e s id e n t , F ir s t N a t io n a l B a n k , M a t to o n , 111. 1 9 7 3P r e s id e n t , T h e O k e y - V e r n o n N a t io n a l B a n k , C o r n in g , I o w a 1 9 7 4 C h a ir m a n o f th e B o a rd , T h e N o r th e rn T ru s t C o m p a n y , C h ic a g o ,
111. 1 9 7 5
V ic e C h a i r m a n , S . C . J o h n s o n & S o n , I n c . , R a c in e , W is . 1 9 7 3 E x e c u t iv e V ic e P r e s id e n t , C u m m in s E n g in e C o m p a n y , I n c . ,
C o lu m b u s , In d . 1 9 7 4C h a ir m a n o f th e B o a rd , O s c a r M a y e r & C o m p a n y , M a d is o n ,
W is . 197 5
P r e s id e n t , B a ird & W a r n e r , I n c . , C h ic a g o , 111. 1 9 7 3C h a ir m a n o f th e B o a rd , C a te rp i l l a r T r a c to r C o . , P e o r ia , 111. 1 9 7 4 C h a ir m a n o f th e B o a rd , P r e s id e n t , P u b l i s h e r , T h e E v e n in g N e w s
A s s o c ia t io n , D e t r o i t , M ic h . 1 9 7 5
DETROIT BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
E l l is B . M e r r y H a r o l d A . E l g a s J o s e p h B . F o s t e r
M ic h .
R o l a n d A . M e w h o r t
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
C h a ir m a n o f th e B o a rd , N a t io n a l B a n k o f D e t r o i t ,P r e s id e n t , G a y lo r d S ta te B a n k , G a y lo r d , M ic h .P r e s id e n t , C h ie f E x e c u t iv e O ff ic e r , A n n A r b o r B a n k , A n n A r b o r ,
M ic h .C h a i r m a n , M a n u fa c tu r e r s N a t io n a l B a n k o f D e t r o i t , M ic h .
L . W m . S e id m a n T o m K i l l e f e r
W . M . D e f o e 1
R e s id e n t P a r tn e r , S e id m a n & S e id m a n , G r a n d R a p id s , M ic h . V ic e P r e s id e n t , G e n e r a l C o u n s e l , C h r y s le r C o r p o r a t io n ,
D e t r o i t , M ic h .C h a ir m a n o f th e B o a rd , D e fo e S h ip b u i ld in g C o m p a n y ,
B a y C i ty , M ic h .
1 9 7 31 9 7 4
1 9 7 5 1 9 7 5
1 9 7 3
1 9 7 4
1 9 7 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
D I R E C T O R S O F F E D E R A L R E S E R V E B A N K S A N D B R A N C H E S 2 3 3
D istr ic t 8— FEDERAL R ESER V E BANK O F ST. LOUIS
C l a s s A :
T e r m
e x p i r e s D e c . 3 1
B r a d f o r d B r e t t E d w in S . J o n e s W m . E . W e i g e l
C l a s s B :
F r e d I . B r o w n , J r . J a m e s M . T u h o l s k i E d w a r d J . S c h n u c k
C l a s s C :
H a r r y M . Y o u n g , J r . F r e d e r ic M . P e i r c e 1
S a m C o o p e r 2
LITTLE ROCK BRANCH
P r e s id e n t , T h e F ir s t N a t io n a l B a n k o f M e x ic o , M o . 1 9 7 3C h a ir m a n o f th e B o a rd , F ir s t N a t io n a l B a n k in S t. L o u is , M o . 1 9 7 4 E x e c u t iv e V ic e P re s id e n t , 1st N a t io n a l B a n k a n d T ru s t C o m p a n y ,
C e n tr a l i a , 111. 1 9 7 5
P r e s id e n t , A r k a n s a s F o u n d ry C o m p a n y , L it t le R o c k , A rk . 1 9 7 3P r e s id e n t , M e a d J o h n s o n & C o m p a n y , E v a n s v i l l e , In d . 1 9 7 4C h a ir m a n o f th e B o a rd , S c h n u c k M a r k e t s , I n c . , B r id g e to n , M o . 1 9 7 5
M e lro s e F a r m s , H e r n d o n , K y . 1 9 7 3C h a ir m a n o f th e B o a rd , C h ie f E x e c u t iv e O f f ic e r , G e n e r a l
A m e r ic a n L ife I n s u r a n c e C o m p a n y , S t . L o u is , M o . 1 9 7 4P r e s id e n t , H u m K o P r o d u c t s , D iv is io n o f K r a f tc o C o r p o r a t io n ,
M e m p h is , T e n n . 1 9 7 5
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
E d w a r d M . P e n i c k
W il l H . K e l l e y
T h o m a s G . V in s o n F ie l d W a s s o n
P r e s id e n t , C h ie f E x e c u t iv e O f f ic e r , W o r th e n B a n k & T r u s t C o m p a n y , N .A . , L it t le R o c k , A rk .
C h a i r m a n , T h e S ta te F ir s t N a t io n a l B a n k o f T e x a r k a n a , A rk .
P r e s id e n t , F i r s t N a t io n a l B a n k , B a te s v i l le , A rk .P r e s id e n t , T h e F i r s t N a t io n a l B a n k , S i lo a m S p r in g s , A rk .
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
R o l a n d R . R e m m e l 1
A l P o l l a r d W . M . P i e r c e
LOUISVILLE BRANCH
C h a ir m a n o f th e B o a rd , S o u th la n d B u i ld in g P ro d u c ts C o . , L it t le R o c k , A rk .
P r e s id e n t , A l P o l la rd & A s s o c ia te s , L it t le R o c k , A rk . P r e s id e n t , A r k a n s a s B u s in e s s D e v e lo p m e n t C o r p o r a t io n ,
L it t le R o c k , A rk .
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
H a r o l d E . J a c k s o n H u g h M . S h w a b
1 9 7 3
1 9 7 41 9 7 5 1 9 7 5
1 9 7 31 9 7 4
1 9 7 5
1 9 7 3
H e r b e r t J . S m it h
T o m G . V o s s
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
P r e s id e n t , T h e S c o t t C o u n ty S ta te B a n k , S c o t t s b u r g , In d .C h a ir m a n o f th e B o a rd s , F i r s t N a t io n a l B a n k o f L o u is v i l l e ,
T h e K e n tu c k y T ru s t C o m p a n y , L o u is v i l l e , K y . 1 9 7 4P r e s id e n t , T h e A m e r ic a n N a t io n a l B a n k & T r u s t C o m p a n y o f
B o w l in g G r e e n , K y . 1 9 7 5P r e s id e n t , T h e S e y m o u r N a t io n a l B a n k , S e y m o u r , I n d . 1 9 7 5
W i l l ia m H . S t r o u b e 1
J a m e s C . H e n d e r s h o t
J a m e s H . D a v is
A s s o c ia te D e a n , C o l le g e o f S c ie n c e a n d T e c h n o lo g y , W e s te rn K e n tu c k y U n iv e r s i ty , B o w lin g G r e e n , K y . 1 9 7 3
P r e s id e n t , C h ie f O p e r a t in g O f f ic e r , R e l ia n c e U n iv e r s a l I n c . , L o u is v i l l e , K y . 1 9 7 4
C h a i r m a n , C h ie f E x e c u t iv e O f f ic e r , P o r te r P a in t C o m p a n y , L o u is v i l l e , K y . 1 9 7 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
2 3 4 F E D E R A L R E S E R V E B U L L E T I N □ M A R C H 1 9 7 3
D istr ic t 8— FEDERAL R ESER V E BANK O F ST. LOUIS— C o n tin u e dT e r m
MEM PHIS BRANCH e x p i r e sD e c . 3 1
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
J . J . W h i t e P r e s id e n t , H e le n a N a t io n a l B a n k , H e le n a , A r k . 1 9 7 3G a r n e r L . H ic k m a n C h a i r m a n , P r e s id e n t , T h e F i r s t N a t io n a l B a n k o f O x f o r d , M is s . 1 9 7 4R id l e y A l e x a n d e r C h a i r m a n , T h e S e c o n d N a t io n a l B a n k o f J a c k s o n , T e n n . 1 9 7 5C . B e n n e t t H a r r is o n C h a ir m a n o f th e B o a rd , U n io n P la n te r s N a t io n a l B a n k o f
M e m p h is , T e n n . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
A l v in H u f f m a n , J r . 1 P r e s id e n t , H u f fm a n B r o th e r s I n c o r p o r a te d , B ly th e v i l l e , A rk . 1 9 7 3 C . W h i t n e y B r o w n P r e s id e n t , S . C . T o o f & C o m p a n y , M e m p h is , T e n n . 1 9 7 4 J e a n n e L . H o l l e y A s s is ta n t P r o f e s s o r o f B u s in e s s E d u c a t io n a n d O ffic e A d m in i s
t r a t io n , U n iv e r s i ty o f M is s i s s ip p i , U n iv e r s i ty , M is s . 1 9 7 5
D is tr ic t 9— FEDERAL R ESER V E BANK O F M INNEAPOLIS
C l a s s A :
P h i l i p H . N a s o n
R o y H . J o h n s o n D a v id M . S m it h
C l a s s B :
D a l e V . A n d e r s e n J o h n H . B a il e y D a v id M . H e s k e t t
C l a s s C :
R u s s B . H a r t B r u c e B . D a y t o n 2
D a v id M . L i l l y 1
C h a ir m a n o f th e B o a rd , T h e F irs t N a t io n a l B a n k o f S a in t P a u l ,M in n . 1 9 7 3
P r e s id e n t , T h e F i r s t N a t io n a l B a n k o f N e g a u n e e , M ic h . 1 9 7 4P r e s id e n t , 1st N a t io n a l B a n k , R iv e r F a l l s , W is . 1 9 7 5
P r e s id e n t , M i tc h e ll P a c k in g C o m p a n y , I n c . , M i tc h e l l , S .D . 1 9 7 3 P r e s id e n t , T h e C r e te x C o m p a n ie s , I n c . , E lk R iv e r , M in n . 1 9 7 4 P r e s id e n t , M o n ta n a - D a k o ta U t i l i t ie s C o . , B i s m a rc k , N .D . 1 9 7 5
P r e s id e n t , H a r t -A lb in C o m p a n y , B i l l in g s , M o n t . 1 9 7 3 C h a ir m a n o f th e B o a rd , D a y to n H u d s o n C o r p o r a t io n ,
M in n e a p o l is , M in n . 1 9 7 4C h a ir m a n o f th e B o a rd , T h e T o r o C o m p a n y , M in n e a p o l i s , M in n . 1 9 7 5
HELENA BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
R ic h a r d D . R u b ie P r e s id e n t , M is s o u la B a n k o f M o n ta n a , M is s o u la , M o n t . 1 9 7 3R o b e r t I . P e n n e r P r e s id e n t , C i t iz e n s F i r s t N a t io n a l B a n k , W o l f P o in t , M o n t . 1 9 7 4J o h n R e i c h e l P r e s id e n t , 1st N a t io n a l B a n k in B o z e m a n , M o n t . 1 9 7 4
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
W il l ia m A . C o r d i n g l e y 1 P u b l i s h e r , G r e a t F a l ls T r ib u n e , G r e a t F a l l s , M o n t . 1 9 7 3W a r r e n B . J o n e s 2 S e c r e ta r y - T r e a s u r e r , T w o D o t L a n d a n d L iv e s to c k C o m p a n y ,
H a r lo w to n , M o n t . 1 9 7 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
D I R E C T O R S O F F E D E R A L R E S E R V E B A N K S A N D B R A N C H E S 235
D istr ic t 10— FED ERA L R ESER V E BANK O F KAN SA S CITYT e r m
e x p i r e s
D e c . 3 1
C l a s s A :
C . M o s e M i l l e r
J o h n A . O ’L e a r y R o g e r D . K n i g h t , J r .
C l a s s B :
A l f r e d E . J o r d a n F r a n k C . L o v e C e c il O . E m r ic h
C l a s s C :
R o b e r t T . P e r s o n 2
R o b e r t W . W a g s t a f f 1
H a r o l d W . A n d e r s o n
DENVER BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
J o h n W . H a y , J r . P r e s id e n t , R o c k S p r in g s N a t io n a l B a n k , R o c k S p r in g s , W y o . 1 9 7 3D a l e R . H in m a n C h a ir m a n o f th e B o a rd , T h e G r e e le y N a t io n a l B a n k , G r e e le y ,
C o lo . 1 9 7 4R o b e r t L . T r ip p P r e s id e n t , A lb u q u e r q u e N a t io n a l B a n k , A lb u q u e r q u e , N .M . 1 9 7 4
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
M a u r i c e B . M i t c h e l l 1 C h a n c e l lo r , U n iv e r s i ty o f D e n v e r , C o lo . 1 9 7 3E d w a r d R . L u c e r o E x e c u t iv e D i r e c to r , C o lo r a d o E c o n o m ic D e v e lo p m e n t
A s s o c ia t io n , D e n v e r , C o lo . 1 9 7 4
OKLAHOMA CITY BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
W . H . M c D o n a l d C h a ir m a n o f th e E x e c u t iv e C o m m it te e , T h e F i r s t N a t io n a l B a n ka n d T ru s t C o m p a n y o f O k la h o m a C i ty , O k la . 1 9 7 3
H u g h C . J o n e s E x e c u t iv e V ic e P re s id e n t , T h e B a n k o f W o o d w a r d , O k la . 1 9 7 4M a r v in M il l a r d C h a ir m a n o f th e B o a rd , N a t io n a l B a n k o f T u ls a , O k la . 1 9 7 4
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
J o s e p h H . W il l i a m s 1 P r e s id e n t , C h ie f O p e r a t in g O ff ic e r , T h e W i l l i a m s C o m p a n ie s ,T u ls a , O k la . 1 9 7 3
H a r l e y C u s t e r G e n e r a l M a n a g e r , O k la h o m a L iv e s to c k M a rk e t in g A s s o c ia t io n ,O k la h o m a C i ty , O k la . 1 9 7 4
C h a ir m a n o f th e B o a rd , P r e s id e n t , T h e F a r m e r s a n d M e rc h a n tsS ta te B a n k , C o lb y , K a n s . 1 9 7 3
C h a ir m a n o f th e B o a rd , T h e P e o p le s S ta te B a n k , L u ra y , K a n s . 1 9 7 4 C h a ir m a n o f th e B o a rd , U n i te d B a n k s o f C o lo r a d o , I n c . , D e n v e r ,
C o lo . 1 9 7 5
V ic e P r e s id e n t , T ra n s W o r ld A i r l in e s , I n c . , K a n s a s C i ty , M o . 1 9 7 3P r e s id e n t , K e r r - M c G e e C o r p o r a t io n , O k la h o m a C i ty , O k la . 1 9 7 4P r e s id e n t , C . O . E m r ic h E n te r p r i s e s , N o r f o lk , N e b r . 1 9 7 5
P r e s id e n t , C h a i r m a n o f th e B o a rd , P u b l ic S e r v ic e C o m p a n y o fC o lo r a d o , D e n v e r , C o lo . 1 9 7 3
C h a ir m a n o f th e B o a rd , P r e s id e n t , C o c a - C o la B o t t l in g C o m p a n yo f M id - A m e r ic a , K a n s a s C i ty , M o . 1 9 7 4
P r e s id e n t , W o r ld P u b l i s h in g C o m p a n y , O m a h a W o r ld H e r a ld ,O m a h a , N e b r . 1 9 7 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
2 3 6 F E D E R A L R E S E R V E B U L L E T I N □ M A R C H 1 9 7 3
D istr ic t 10— FEDERAL R ESER V E BANK O F K A N SA S CITY— C o n tin u e dT e r m
OMAHA BRANCH e x p i r e sD e c . 3 1
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
S . N . W o l b a c h P r e s id e n t , T h e F irs t N a t io n a l B a n k o f G r a n d I s la n d , N e b r . 1 9 7 3G l e n n Y a u s s i C h a ir m a n o f th e B o a rd , N a t io n a l B a n k o f C o m m e r c e T ru s t &
S a v in g s , L in c o ln , N e b r . 1 9 7 3E d w a r d W . L y m a n P r e s id e n t , T h e U n i te d S ta te s N a t io n a l B a n k o f O m a h a , N e b r . 1 9 7 4
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
A . J a m e s E b e l 1 V ic e P r e s id e n t , G e n e r a l M a n a g e r , C o r n h u s k e r T e le v i s io nC o r p o r a t io n , L in c o ln , N e b r . 1 9 7 3
E d w a r d F . O w e n s P r e s id e n t , P a x to n & V ie r l in g S te e l C o m p a n y , C a r te r L a k e , N e b r . 1 9 7 4
D istr ic t 11— FED ERA L RESER V E BANK O F DALLAS
C l a s s A :
J . V . K e l l y C h a ir m a n o f th e B o a rd , T h e P e o p le s N a t io n a l B a n k o f B e l to n ,T e x . 1 9 7 3
A . W . R i t e r , J r . P r e s id e n t , T h e P e o p le s N a t io n a l B a n k o f T y le r , T e x . 1 9 7 4R o b e r t H . S t e w a r t , I II C h a ir m a n o f th e B o a rd , F ir s t I n te rn a t io n a l B a n c s h a r e s , I n c . ,
D a l la s , T e x . 1 9 7 5
C l a s s B :
C a r l D . N e w t o n
H u g h F . S t e e n T h o m a s W . H e r r ic k
C l a s s C :
J o h n L a w r e n c e 2 C h a s . F . J o n e s 1
C h a r l e s T . B e a ir d
EL PA SO BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
C u l l e n J . K e l l y P r e s id e n t , T h e F irs t N a t io n a l B a n k o f M id la n d , T e x . 1 9 7 3W a y n e S t e w a r t P r e s id e n t , F ir s t N a t io n a l B a n k in A la m o g o r d o , N .M . 1 9 7 4
R e e d H . C h it t im P r e s id e n t , C h ie f E x e c u t iv e O ff ic e r , F ir s t N a t io n a l B a n k o fL e a C o u n ty , H o b b s , N .M . 1 9 7 5
S a m D . Y o u n g , J r . P r e s id e n t , E l P a s o N a t io n a l B a n k , E l P a s o , T e x . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
H e r b e r t M . S c h w a r t z 1 P re s id e n t , P o p u la r D ry G o o d s C o . , I n c . , E l P a s o , T e x . 1 9 7 3G a g e H o l l a n d 2 G a g e H o l la n d R a n c h , M a r a th o n , T e x . 1 9 7 4A l l a n B . B o w m a n P r e s id e n t , G e n e r a l M a n a g e r , B a n n e r M in in g C o m p a n y , T u c s o n ,
A r iz . 1 9 7 5
C h a ir m a n o f th e B o a rd , D r e s s e r I n d u s t r i e s , I n c . , D a l la s , T e x . 19 7 3 D e a n , C o l le g e o f B u s in e s s A d m in is t r a t io n , U n iv e r s i ty o f
H o u s to n , T e x . 1 9 7 4C h a ir m a n o f th e B o a rd , B e a i rd - P o u la n , S h r e v e p o r t , L a . 1 9 7 5
C h a ir m a n o f th e B o a rd , F o x -S ta n le y P h o to P r o d u c t s , I n c . ,S a n A n to n io , T e x . 1 9 7 3
P r e s id e n t , E l P a s o N a tu r a l G a s C o m p a n y , E l P a s o , T e x . 1 9 7 4P r e s id e n t , M e s a A g ro I n c . , A m a r i l lo , T e x . 19 7 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
D I R E C T O R S O F F E D E R A L R E S E R V E B A N K S A N D B R A N C H E S 2 3 7
D istr ic t 11— FEDERAL R ESER V E BANK O F DALLAS— C o n tin u e d
HOUSTON BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
T e r m
e x p i r e s
D e c . 3 1
K l i n e M c G e e C h a ir m a n o f th e B o a rd , S o u th e r n N a t io n a l B a n k o fH o u s to n , T e x . 1 9 7 3
S e t h W . D o r b a n d t C h a ir m a n o f th e B o a rd , P r e s id e n t , F i r s t N a t io n a l B a n k inC o n r o e , T e x . 1 9 7 4
B o o k m a n P e t e r s P r e s id e n t , T h e C i ty N a t io n a l B a n k o f B r y a n , T e x . 1 9 7 5N a t S . R o g e r s P r e s id e n t , F i r s t C i ty N a t io n a l B a n k o f H o u s to n , T e x . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
M . S t e e l e W r i g h t , J r . 1 C h a ir m a n o f th e B o a rd , T e x a s F a rm P ro d u c ts C o m p a n y ,N a c o g d o c h e s , T e x . 1 9 7 3
R . M . B u c k l e y 2 P r e s id e n t , D i r e c to r , E a s te x I n c o r p o r a te d , S i l s b e e , T e x . 1 9 7 4A l v in P . T h o m a s P r e s id e n t , P ra i r ie V ie w A & M C o l le g e , P ra i r ie V ie w , T e x . 1 9 7 5
SAN ANTONIO BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
R a y M . K e c k , J r . C h a ir m a n o f th e B o a rd , P r e s id e n t , U n io n N a t io n a l B a n k o fL a r e d o , T e x . 1 9 7 3
L e o n S t o n e P r e s id e n t , T h e A u s tin N a t io n a l B a n k , A u s t in , T e x . 1 9 7 4R ic h a r d W . C a l v e r t P r e s id e n t , N a t io n a l B a n k o f C o m m e r c e o f S a n A n to n io , T e x . 1 9 7 5 W . O . R o b e r s o n P r e s id e n t , F i r s t N a t io n a l B a n k a t B r o w n s v i l l e , T e x . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
I r v in g A . M a t h e w s 1 C h a ir m a n o f th e B o a rd , C h ie f E x e c u t iv e O f f ic e r , F ro s t B r o s . ,I n c . , S a n A n to n io , T e x . 1 9 7 3
M a r s h a l l B o y k i n , I I I 2 P a r tn e r , W o o d , B o y k in & W o l te r , C o r p u s C h r i s t i , T e x . 1 9 7 4P . J . M o r a l e s , J r . E x e c u t iv e V ic e P r e s id e n t , G e n e r a l M a n a g e r , M o r a le s F e e d lo t s ,
I n c . , D e v in e , T e x . 1 9 7 5
D is tr ic t 12— FED ERA L R ESER V E BANK O F SAN FRA N C ISC O
C l a s s A :
A . W . C l a u s e n
C a r l E . S c h r o e d e r
J a m e s E . P h i l l i p s
C l a s s B :
M a r r o n K e n d r ic k
C h a r l e s R . D a h l
J o s e p h R o s e n b l a t t
P r e s id e n t , C h ie f E x e c u t iv e O f f ic e r , B a n k o f A m e r ic a N T & S A ,S a n F r a n c i s c o , C a l i f . 1 9 7 3
P r e s id e n t , T h e F irs t N a t io n a l B a n k o f O r a n g e C o u n ty , O r a n g e , C a l i f . 1 9 7 4
P r e s id e n t , F ir s t N a t io n a l B a n k in P o r t A n g e le s , W a s h . 1 9 7 5
P r e s id e n t , C h a ir m a n o f th e B o a rd , S c h la g e L 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
P r e s id e n t , C h ie f E x e c u t iv e O f f ic e r , C r o w n Z e l le r b a c h ,S a n F r a n c i s c o , C a li f . 1 9 7 4
H o n o r a ry C h a ir m a n o f th e B o a rd , T h e E im c o C o r p o r a t io n ,S a l t L a k e C i ty , U ta h 1 9 7 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
2 3 8 F E D E R A L R E S E R V E B U L L E T I N □ M A R C H 1 9 7 3
D istr ic t 12— FED ERA L R ESER V E BANK O F SAN FR A N C ISC O — C o n tin u e dT e r m
e x p i r e s
D e c . 3 1
C l a s s C :
O . M e r e d i t h W i l s o n 1 P r e s id e n t , D i r e c to r , C e n te r fo r A d v a n c e d S tu d y in th e B e h a v io ra lS c ie n c e s , S ta n f o r d , C a l i f . 1 9 7 3
M a s O j i P r e s id e n t , O ji B ro s . F a r m , I n c . , Y u b a C i ty , C a li f . 1 9 7 4J o s e p h F . A l i b r a n d i2 P r e s id e n t , W h i t t a k e r C o r p o r a t io n , L o s A n g e le s , C a l i f . 1 9 7 5
LO S A N G ELES BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
C a r l E . H a r t n a c k P r e s id e n t , S e c u r i ty P a c if ic N a t io n a l B a n k , L o s A n g e le s , C a l i f . 1 9 7 3L in u s E . S o u t h w i c k P r e s id e n t , V a l le y N a t io n a l B a n k , G le n d a le , C a l i f . 1 9 7 3 R a y b u r n S . D e z e m b e r C h a ir m a n o f th e B o a rd , P r e s id e n t , A m e r ic a n N a t io n a l B a n k ,
B a k e rs f ie ld , C a l i f . 1 9 7 4W . G o r d o n F e r g u s o n P r e s id e n t , N a t io n a l B a n k o f W h i t t i e r , C a l i f . 1 9 7 5
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
E d w a r d A . S l o a n 1 P r e s id e n t , S l o a n ’s D ry C le a n e r s , L o s A n g e le s , C a l i f . 1 9 7 3R u t h H a n d l e r P r e s id e n t , M a t te l , I n c . , H a w th o r n e , C a l i f . 1 9 7 4L e l a n d D . P r a t t P r e s id e n t , K e lc o C o m p a n y , S a n D ie g o , C a l i f . 1 9 7 5
PORTLAN D BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
L e R o y B . S t a v e r C h a ir m a n o f th e B o a rd , C h ie f E x e c u t iv e O f f ic e r , U n i te d S ta te sN a t io n a l B a n k o f O r e g o n , P o r t l a n d , O r e g . 1 9 7 3
F r a n k L . S e r v o s s P r e s id e n t , C r a te r N a t io n a l B a n k * o f M e d f o r d , O r e g . 1 9 7 4J a m e s H . S t a n a r d V ic e P r e s id e n t , F ir s t N a t io n a l B a n k o f M c M in n v i l l e , O r e g . 1 9 7 4
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
F r a n k A n d e r s o n 1 F a r m e r , H e p p n e r , O r e g . 1 9 7 3J o h n R . H o w a r d P r e s id e n t , L e w is a n d C la rk C o l le g e , P o r t l a n d , O r e g . 1 9 7 4
SALT LAKE CITY BRANCH
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
J o s e p h B ia n c o C h a ir m a n o f th e B o a rd , P r e s id e n t , B a n k o f I d a h o , B o is e , I d a h o 1 9 7 3R o d e r ic k H . B r o w n i n g P r e s id e n t , B a n k o f U ta h , O g d e n , U ta h 1 9 7 4R o y W . S im m o n s P r e s id e n t , Z io n s F ir s t N a t io n a l B a n k , S a l t L a k e C i ty , U ta h 1 9 7 4
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
T h e o d o r e C . J a c o b s e n 1 C h a ir m a n o f th e B o a rd , J a c o b s e n C o n s t r u c t io n C o m p a n y , I n c . ,S a l t L a k e C i ty , U ta h 1 9 7 3
S a m H . B e n n i o n S e c r e ta r y - T r e a s u r e r , V - l O il C o m p a n y , I n c . , a n d W e a th e r t i t eB lo c k C o . , I d a h o F a l l s , I d a h o 1 9 7 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973
D I R E C T O R S O F F E D E R A L R E S E R V E B A N K S A N D B R A N C H E S 2 3 9
D istr ic t 12— FED ERA L R E SER V E BANK O F SAN FR A N C ISC O — C o n tin u e dT e r m
SEA TTLE BRANCH e x p i r e sD e c . 3 1
A p p o i n t e d b y F e d e r a l R e s e r v e B a n k :
J o s e p h C . B a il l a r g e o n C h a ir m a n o f th e B o a rd , C h ie f E x e c u t iv e O f f ic e r , S e a t t le T r u s t& S a v in g s B a n k , S e a t t le , W a s h . 1 9 7 3
H a r r y S . G o o d f e l l o w P r e s id e n t , O ld N a t io n a l B a n k o f W a s h in g to n , S p o k a n e , W a s h . 1 9 7 4 R o b e r t C . W h it w a m P r e s id e n t , A m e r ic a n N a t io n a l B a n k o f E d m o n d s , W a s h . 1 9 7 4
A p p o i n t e d b y B o a r d o f G o v e r n o r s :
T h o m a s T . H i r a i1 P r e s id e n t , Q u a l i ty G r o w e r s C o m p a n y , I n c . , W o o d in v i l l e , W a s h . 1 9 7 3C . H e n r y B a c o n , J r . V ic e C h a ir m a n o f th e B o a rd , S im p s o n T im b e r C o m p a n y , S e a t t l e ,
W a s h . 1 9 7 4
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
March 1973