Directors of Federal Reserve Banks and Branches
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357
Directors of Federal Reserve Banks and Branches
The following list presents directors of Federal Re-serve Banks and Branches as of March 31, 1985, and shows the class of directorship, the principal business affiliation, and the date the term expires for each director. Each Reserve Bank has nine members on its board of directors: three Class A and three Class B directors elected by the stockholding member banks, and three Class C directors appointed by the Board of Governors of the Federal Reserve System. Directors are chosen without discrimination as to race, creed, color, sex, or national origin.
Class A directors represent the stockholding mem-ber banks in each Federal Reserve District. Class B and Class C directors represent the public and are chosen with due, but not exclusive, consideration to the interests of agriculture, commerce, industry, ser-vices, labor, and consumers; they may not be officers, directors, or employees of any bank. In addition, Class C directors may not be stockholders of any bank.
For election of Class A and Class B directors, the Board of Governors classifies the member banks of each Federal Reserve District into three groups of similar capitalization. Each group then elects one Class A and one Class B director. The Board of Governors designates one Class C director as chair-man of the board of directors and Federal Reserve Agent of each District Bank, and another as deputy chairman.
Federal Reserve Branches have either five or seven directors, a majority of whom are appointed by the board of directors of the parent Reserve Bank; the others are appointed by the Board of Governors. One of the directors appointed by the Board is designated annually as chairman of the board of that Branch in a manner the Federal Reserve Bank prescribes.
In the following list, note 1 denotes a chairman of the board; note 2, a deputy chairman; and note 3, a director whose service began in 1985.
DISTRICT 1—BOSTON
Class A
William W. Treat William S. Edgerly
Homer B. Ellis, Jr.3
President, Bank Meridian, N.A. , Hampton, New Hampshire Chairman and President, State Street Bank and Trust Company,
Boston, Massachusetts President, Factory Point National Bank, Manchester Center,
Vermont
Term expires
Dec. 31
1985 1986
1987
Class B
Matina S. Horner Richard M. Oster3
George N. Hatsopoulos
Class C
Thomas I. Atkins2
Michael J. Harrington Joseph A. Baute1
President, Radcliffe College, Cambridge, Massachusetts President and Chief Executive Officer, Cookson America, Inc.
Providence, Rhode Island Chairman of the Board and President, Thermo Electron
Corporation, Waltham, Massachusetts
Attorney, Brooklyn, New York Harrington Company, Peabody, Massachusetts Chairman and Chief Executive Officer, Markem Corporation,
Keene, New Hampshire
1985 1986
1987
1985 1986 1987
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
358 Federal Reserve Bulletin • May 1985
DISTRICT 2—NEW YORK
Class A
Alfred Brittain III
T. Joseph Semrod
Robert W. Moyer3
Class B
William S. Cook
John R. Opel
John F. Welch, Jr.3
Class C
John Brademas1
Clifton R. Wharton, Jr.2
Virginia A. Dwyer3
Chairman of the Board, Bankers Trust Company, New York, New York
Chairman of the Board, United Jersey Bank, Hackensack, N e w Jersey
President and Chief Executive Officer, Wilber National Bank, Oneonta, New York
President and Chief Executive Officer, Union Pacific Corporation, New York, New York
Chairman of the Board, International Business Machines Corporation, Armonk, New York
Chairman of the Board, General Electric Company, Fairfield, Connecticut
President, New York University, New York, N e w York Chancellor, State University of New York System, Albany,
New York Senior Vice President-Finance, American Telephone and
Telegraph Company, New York, New York
—BUFFALO BRANCH
Appointed by Federal Reserve Bank
William Balderston III
Donald I. Wickham Herbert Fort Ross B. Kenzie3
President and Chief Executive Officer, Chase Lincoln First Bank, N.A. , Rochester, New York
President, Tri-Way Farms, Inc., Stanley, New York President, The Bath National Bank, Bath, New York Chairman of the Board, Goldome FSB, Buffalo, New York
Appointed by Board of Governors
M. Jane Dickman1
Laval S. Wilson
Joseph Yantomasi3
Partner, Touche Ross & Co., Buffalo, New York Superintendent, Rochester City School District, Rochester,
New York Western New York Area Director, United Auto Workers, Buffalo,
New York
Term expires
Dec. 31
1985
1986
1987
1985
1986
1987
1985 1986
1987
1985
1985 1986 1987
1985 1986
1987
DISTRICT 3—PHILADELPHIA
Class A
JoAnne Brinzey Chief Executive Officer and Cashier, The First National Bank at 1985 Gallitzin, Gallitzin, Pennsylvania
John H. Walther Chairman of the Board, New Jersey National Bank, Pennington, 1986 New Jersey
Ronald H. Smith3 President and Chief Executive Officer, CCNB Bank, N .A. , N e w 1987 Cumberland, Pennsylvania
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
Directors of Federal Reserve Banks and Branches 359
DISTRICT 3—Continued
Class B
Eberhard Faber IV
Carl E. Singley
Charles F. Seymour3
Class C
Nevius M. Curtis2
Robert M. Landis1
George E. Bartol III
Chairman of the Board and Chief Executive Officer, Eberhard Faber, Inc., Wilkes-Barre, Pennsylvania
Dean and Professor of Law, Temple University Law School, Philadelphia, Pennsylvania
Chairman and Chief Executive Officer, Jackson-Cross Company, Philadelphia, Pennsylvania
Chairman and Chief Executive Officer, Delmarva Power & Light Company, Wilmington, Delaware
Partner, Dechert, Price and Rhoads, Philadelphia, Pennsylvania Chairman of the Board, Hunt Manufacturing Company,
Philadelphia, Pennsylvania
Term expires
Dec. 31
1985
1986
1987
1985
1986 1987
DISTRICT 4—CLEVELAND
Class A
William A. Stroud J. David Barnes
Raymond D. Campbell
Class B
John W. Kessler John R. Hall
Richard D. Hannan
President, First-Knox National Bank, Mount Vernon, Ohio Chairman and Chief Executive Officer, Mellon Bank, Pittsburgh,
Pennsylvania President and Chief Executive Officer, Independent State Bank of
Ohio, Columbus, Ohio
President, John W. Kessler Company, Columbus, Ohio Chairman of the Board and Chief Executive Officer, Ashland Oil,
Inc., Ashland, Kentucky Chairman of the Board and President, Mercury Instruments, Inc.,
Cincinnati, Ohio
Class C
Lewis R. Smoot, Sr.
W. H. Knoell1
E. Mandell de Windt2
—CINCINNATI BRANCH
Appointed by Federal Reserve Bank
Clement L. Buenger
Vernon J. Cole
President and Chief Executive Officer, The Sherman R. Smoot Company, Columbus, Ohio
President and Chief Executive Officer, Cyclops Corporation, Pittsburgh, Pennsylvania
Chairman of the Board, Eaton Corporation, Cleveland, Ohio
Sherrill Cleland Jerry L. Kirby3
President and Chief Executive Officer, The Fifth Third Bank, Cincinnati, Ohio
Executive Vice President and Chief Executive Officer, Harlan National Bank, Harlan, Kentucky
President, Marietta College, Marietta, Ohio Chairman of the Board, President, and Chief Executive Officer,
Citizens Federal Savings and Loan Association, Dayton, Ohio
1985 1986
1987
1985 1986
1987
1985
1986
1987
1985
1986
1987 1987
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
360 Federal Reserve Bulletin • May 1985
DISTRICT 4—Continued Term
expires
—CINCINNATI BRANCH—Continued Dec' 1
Appointed by Board of Governors
Vacancy 1985 Robert E. Boni1 President and Chief Executive Officer, Armco Inc., Middletown, 1986
Ohio Don Ross Owner, Dunreath Farm, Lexington, Kentucky 1987
—PITTSBURGH BRANCH
Appointed by Federal Reserve Bank
A. Dean Heasley President and Chief Executive Officer, Century National Bank & 1985 Trust Co., Rochester, Pennsylvania
G. R. Rendle President and Chief Executive Officer, Gallatin National Bank, 1986 Uniontown, Pennsylvania
Charles L. Fuellgraf, Jr.3 Chief Executive Officer, Fuellgraf Electric Company, Butler, 1987 Pennsylvania
James S. Pasman, Jr. Vice Chairman, Aluminum Company of America, Pittsburgh, 1987 Pennsylvania
Appointed by Board of Governors
Robert S. Kaplan
Milton G. Hulme, Jr.1
Milton A. Washington
Professor of Industrial Administration, Graduate School of 1985 Industrial Administration, Carnegie-Mellon University, Pittsburgh, Pennsylvania
President and Chief Executive Officer, Mine Safety Appliances 1986 Company, Pittsburgh, Pennsylvania
President and Chief Executive Officer, Allegheny Housing 1987 Rehabilitation Corporation, Pittsburgh, Pennsylvania
DISTRICT 5—RICHMOND
Class A
Willard H. Derrick
Robert S. Chiles, Sr.
Robert F. Baronner3
Class B
George Dean Johnson, Jr.
Thomas B. Cookerly
Floyd D. Gottwald, Jr.3
President and Chief Executive Officer, Sandy Spring National 1985 Bank and Savings Institution, Sandy Spring, Maryland
President and Chief Executive Officer, Greensboro National Bank, 1986 Greensboro, North Carolina
President and Chief Executive Officer, One Valley Bancorp of 1987 West Virginia, Inc. and Kanawha Valley Bank, N .A. , Charleston, West Virginia
Partner, Johnson, Smith, Hibbard, Cleveland, Wildman and 1985 Dennis, Spartanburg, South Carolina
President, Broadcast Division, Allbritton Communications, 1986 Washington, D.C.
Chairman and Chief Executive Officer, Ethyl Corporation, 1987 Richmond, Virginia
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
Directors of Federal Reserve Banks and Branches 361
DISTRICT 5—Continued Term
expires ^ Dec. 31 Class C
Robert A. Georgine2 President, Building and Construction Trades Department, 1985 AFL-CIO, Washington, D.C.
Leroy T. Canoles, Jr.1 President, Kaufman and Canoles, Norfolk, Virginia 1986 Vacancy 1987
—BALTIMORE BRANCH
Appointed by Federal Reserve Bank
Howard I. Scaggs Chairman of the Board, American National Building and Loan 1985 Association, Baltimore, Maryland
Hugh D. Shires Senior Vice President (Retired), The First National Bank of 1985 Maryland, Baltimore, Maryland
Charles W. Hoff III President and Chief Executive Officer, Farmers and Mechanics 1986 National Bank, Frederick, Maryland
Raymond V. Haysbert, Sr.3 President and Chief Executive Officer, Parks Sausage Company, 1987 Baltimore, Maryland
Appointed by Board of Governors
Edward H. Covell President, The Covell Company, Easton, Maryland 1985 Robert L. Tate1 Chairman, Tate Industries, Baltimore, Maryland 1986 Vacancy 1987
—CHARLOTTE BRANCH
Appointed by Federal Reserve Bank
J. Donald Collier President and Chief Executive Officer, First National Bank, Orangeburg, South Carolina
1985
James G. Lindley3 Chairman and Chief Executive Officer, South Carolina National Bank, Columbia, South Carolina
1985
John A. Hardin Chairman of the Board and President, First Federal Savings and Loan Association, Rock Hill, South Carolina
1986
James M. Culberson, Jr.3 President and Chairman, The First National Bank of Randolph County, Asheboro, North Carolina
1987
Appointed by Board of Governors
G. Alex Bernhardt President, Bernhardt Industries, Inc., Lenoir, North Carolina 1985 Wallace J. Jorgenson1 President, Jefferson-Pilot Broadcasting Company, Charlotte, North 1986
Carolina Robert L. Albright3 President, Johnson C. Smith University, Charlotte, North Carolina 1987
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
362 Federal Reserve Bulletin • May 1985
DISTRICT 6—ATLANTA
Class A
Dan B. Andrews Mary W. Walker E. B. Robinson, Jr.3
Class B
Bernard F. Sliger Harold B. Blach, Jr. Horatio C. Thompson
President, First National Bank, Dickson, Tennessee President, The National Bank of Walton County, Monroe, Georgia Chairman and Chief Executive Officer, Deposit Guaranty National
Bank, Jackson, Mississippi
President, Florida State University, Tallahassee, Florida President, Blach's Inc., Birmingham, Alabama President, Horatio Thompson Investments, Inc., Baton Rouge,
Louisiana
Term expires
Dec. 31
1985 1986 1987
1985 1986 1987
Class C
John H. Weitnauer, Jr.1
Bradley Currey, Jr.2
Jane C. Cousins
Chairman and Chief Executive Officer, Richway, Atlanta, Georgia 1985 President, Rock-Tenn Company, Norcross, Georgia 1986 President and Chief Executive Officer, Merrill Lynch Realty/ 1987
Cousins, Miami, Florida
—BIRMINGHAM BRANCH
Appointed by Federal Reserve Bank
G. Mack Dove Grady Gillam Charles L. Peery
Willard L. Hurley3
President, AAA Cooper Transportation Company, Dothan, Alabama 1985 Chairman, AmSouth Bank, Gadsden, Alabama Chairman, The First National Bank of Florence, Florence,
Alabama Chairman and Chief Executive Officer, First Alabama Bancshares,
Inc., Birmingham, Alabama
1985 1986
1987
Appointed by Board of Governors
Martha A. Mclnnis1
Vacancy A. G. Trammell3
Executive Vice President, EnviroSouth, Inc., Montgomery, Alabama
President, Alabama Labor Council, AFL-CIO, Birmingham, Alabama
1985
1986 1987
—JACKSONVILLE BRANCH
Appointed by Federal Reserve Bank
George C. Boone, Jr. President and Chief Executive Officer, Security First Federal 1985 Savings and Loan Association, Daytona Beach, Florida
E. F. Keen, Jr. Vice Chairman, NCNB Bancorporation, Bradenton, Florida 1985 John D. Uible Chairman and Chief Executive Officer, Florida National Banks of 1986
Florida, Inc., Jacksonville, Florida Joel R. Wells, Jr.3 President and Chief Executive Officer, Sun Banks, Inc., Orlando, 1987
Florida
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
Directors of Federal Reserve Banks and Branches 363
DISTRICT 6—Continued Term expires
Dec 31 —JACKSONVILLE BRANCH—Continued
Appointed by Board of Governors
E. William Nash, Jr.1
JoAnn Doke Smith Andrew A. Robinson3
President, South Central Operations, The Prudential Insurance 1985 Company of America, Jacksonville, Florida
Co-Owner, Smith Brothers, Micanopy, Florida 1986 Dean, College of Education and Human Services, University of 1987
North Florida, Jacksonville, Florida
—MIAMI BRANCH
Appointed by Federal Reserve Bank
D. S. Hudson, Jr. Chairman, First National Bank and Trust Company of Stuart, 1985 Stuart, Florida
Robert L. Kester Vice Chairman, Barnett Bank of South Florida, N.A., Pompano 1986 Beach, Florida
James P. Hermes3 President and Chief Executive Officer, Bank of the Islands, 1987 Sanibel, Florida
Robert D. Rapaport Principal, The Rapaport Companies, Palm Beach, Florida 1987
Appointed by Board of Governors
Sue McCourt Cobb Attorney, Greenberg, Traurig, Askew, Hoffman, Lipofif, Rosen, 1985 and Quentel, P.A., Miami, Florida
Eugene E. Cohen1 Chief Financial Officer and Treasurer, Howard Hughes Medical 1986 Institute, Coconut Grove, Florida
Robert D. Apelgren3 Vice President, Sugar Cane Growers Cooperative of Florida, Inc., 1987 Pahokee, Florida
—NASHVILLE BRANCH
Appointed by Federal Reserve Bank
Samuel H. Howard Vice President and Treasurer, Hospital Corporation of America, Nashville, Tennessee
1985
Owen G. Shell, Jr. President and Chief Executive Officer, First American National Bank of Nashville, Nashville, Tennessee
1985
Robert W. Jones Chairman and President, First National Bank, McMinnville, Tennessee
1986
Will A. Hildreth3 President and Chief Executive Officer, First National Bank of Loudon County, Lenoir City, Tennessee
1987
Appointed by Board of Governors
Condon S. Bush1 President, Bush Brothers & Company, Dandridge, Tennessee 1985 Patsy R. Williams Partner, Rhyne Lumber Company, Newport, Tennessee 1986 C. Warren Neel Dean, College of Business Administration, The University of 1987
Tennessee, Knoxville, Tennessee
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
364 Federal Reserve Bulletin • May 1985
DISTRICT 6—Continued Term expires
Dec. 31 —NEW ORLEANS BRANCH
Appointed by Federal Reserve Bank
Philip K. Livingston
Tom Burkett Scott, Jr.
Carl E. Jones, Jr.
James G. Boyer3
Vice Chairman, President and Chief Executive Officer, Citizens 1985 National Bank, Hammond, Louisiana
President and Chief Executive Officer, Unifirst Bank for Savings, 1985 F.A., Jackson, Mississippi
President, Chairman and Chief Executive Officer, Merchants 1986 National Bank of Mobile, Mobile, Alabama
Chairman, President and Chief Executive Officer, Gulf National 1987 Bank at Lake Charles, Lake Charles, Louisiana
Appointed by Board of Governors
Sharon A. Perlis President, Sharon A. Perlis Law Corporation, Metairie, Louisiana 1985 Leslie B. Lampton1 President, Ergon, Inc., Jackson, Mississippi 1986 Roosevelt Steptoe Professor of Economics, Southern University, Baton Rouge 1987
Campus, Baton Rouge, Louisiana
DISTRICT 7—CHICAGO
Class A
President, First National Bank of Logansport, Logansport, Indiana 1985 President, The Citizens National Bank of Charles City, Charles 1986
City, Iowa Chairman of the Board, First National Bank of Chicago, Chicago, 1987
Illinois
Patrick E. McNarny Ollie Jay Tomson
Barry F. Sullivan3
Class B
Mary Garst Manager, Cattle Division, Garst Company, Coon Rapids, Iowa 1985 Leon T. Kendall Chairman and Chief Executive Officer, Mortgage Guaranty 1986
Insurance Corporation, Milwaukee, Wisconsin Edward D. Powers3 President and Chief Executive Officer, Mueller Company, Decatur, 1987
Illinois
Class C
Stanton R. Cook1 President, Tribune Company, Chicago, Illinois 1985 Robert J. Day2 President and Chief Operating Officer, USG Corporation, Chicago, 1986
Illinois Marcus Alexis3 Chairman, Department of Economics, Northwestern University, 1987
Evanston, Illinois
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
Directors of Federal Reserve Banks and Branches 365
DISTRICT 7—Continued Term
expires Dec. 31
—DETROIT BRANCH
Appointed by Federal Reserve Bank
Charles T. Fisher III Chairman and President, National Bank of Detroit, Detroit, Michigan
1985
Ronald D. Story President, The Ionia County National Bank of Ionia, Ionia, Michigan
1986
Richard Gillett3 Chairman, Old Kent Financial Corporation and Old Kent Bank and Trust Company, Grand Rapids, Michigan
1987
Thomas R. Ricketts Chairman and President, Standard Federal Savings and Loan Association, Troy, Michigan
1987
Appointed by Board of Governors
Russell G. Mawby1
Karl D. Gregory
Robert E. Brewer
President and Trustee, W. K. Kellogg Foundation, Battle Creek, 1985 Michigan
Professor, Management and Economic Consultant, School of 1986 Economics and Management, Oakland University, Rochester, Michigan
Executive Vice President-Finance, K Mart Corporation, Troy, 1987 Michigan
DISTRICT 8—ST. LOUIS
Class A
Donald L. Hunt President, First National Bank of Marissa, Marissa, Illinois 1985 Clarence C. Barksdale Chairman of the Board, Centerre Bank, N.A. , St. Louis, Missouri 1986 H. L. Hembree IIP Chairman of the Board and Chief Executive Officer, Arkansas Best 1987
Corporation, Fort Smith, Arkansas
Class B
Robert J. Sweeney
Frank A. Jones, Jr. Jesse M. Shaver, Jr.
President and Chief Executive Officer, Murphy Oil Corporation, 1985 El Dorado, Arkansas
President, Dietz Forge Company, Memphis, Tennessee 1986 President, JMS Corporation, Louisville, Kentucky 1987
Class C
Robert L. Virgil, Jr. Dean, School of Business, Washington University, St. Louis, 1985 Missouri
Mary P. Holt2 President, Clothes Horse, Little Rock, Arkansas 1986 W. L. Hadley Griffin1 Chairman of the Executive Committee, Brown Group, Inc., 1987
St. Louis, Missouri
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
366 Federal Reserve Bulletin • May 1985
DISTRICT 8—Continued
—LITTLE ROCK BRANCH
Appointed by Federal Reserve Bank
D. Eugene Fortson
William H. Kennedy, Jr.
Wilbur P. Gulley, Jr.
W. Wayne Hartsfield3
Chairman and Chief Executive Officer, Worthen Bank and Trust Company, N.A., Little Rock, Arkansas
Chairman of the Executive Committee, National Bank of Commerce of Pine Bluff, Pine Bluff, Arkansas
Chairman of the Board and Chief Executive Officer, Savers Federal Savings and Loan Association, Little Rock, Arkansas
President and Chief Executive Officer, First National Bank, Searcy, Arkansas
Appointed by Board of Governors
Shirley J. Pine Professor, Department of Communicative Disorders, University of Arkansas at Little Rock, Little Rock, Arkansas
Richard V. Warner Group Vice President, Wood Products Group, Potlatch Corporation, Warren, Arkansas
Sheffield Nelson1 Partner, House, Wallace, Nelson and Jewell, P.A., Little Rock, Arkansas
—LOUISVILLE BRANCH
Appointed by Federal Reserve Bank
Allan S. Hanks
Frank B. Hower, Jr.
John E. Darnell, Jr.
R. I. Kerr, Jr.
President, The Anderson National Bank of Lawrenceburg, Lawrenceburg, Kentucky
Chairman and Chief Executive Officer, Liberty National Bank and Trust Company of Louisville, Louisville, Kentucky
Chairman of the Board, The Owensboro National Bank, Owensboro, Kentucky
Chairman of the Board, President, and Chief Executive Officer, Great Financial Federal, Louisville, Kentucky
Appointed by Board of Governors
Henry F. Frigon1 President and Chief Operating Officer, BATUS, Inc., Louisville, Kentucky
William C. Ballard, Jr. Executive Vice President, Finance and Administration, Humana, Inc., Louisville, Kentucky
Raymond M. Burse3 President, Kentucky State University, Frankfort, Kentucky
—MEMPHIS BRANCH
Appointed by Federal Reserve Bank
William H. Brandon, Jr. President, First National Bank of Phillips County, Helena, Arkansas
Wayne W. Pyeatt President, Memphis Fire Insurance Company, Memphis, Tennessee
Edgar H. Bailey Chairman and Chief Executive Officer, Leader Federal Savings and Loan Association, Memphis, Tennessee
John P. Dulin3 President, First Tennessee Bank, Memphis, Tennessee
Term expires
Dec. 31
1985
1986
1987
1987
1985
1986
1987
1985
1986
1987
1987
1985
1986
1987
1985
1986
1987
1987
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
Directors of Federal Reserve Banks and Branches 367
DISTRICT 8—Continued Term expires
—MEMPHIS BRANCH—Continued Dec' 31
Appointed by Board of Governors
Patricia W. Shaw President and Chief Executive Officer, Universal Life Insurance 1985 Company, Memphis, Tennessee
Donald B. Weis1 President, Tamak Transportation Corporation, West Memphis, 1986 Arkansas
G. Rives Neblett Attorney, Neblett, Bobo, Chapman, and Heaton, Shelby, 1987 Mississippi
DISTRICT 9—MINNEAPOLIS
Class A
Curtis W. Kuehn President, The First National Bank in Sioux Falls, Sioux Falls, 1985 South Dakota
Burton P. Allen, Jr. President, First National Bank, Milaca, Minnesota 1986 Thomas M. Strong3 President and Chief Executive Officer, Citizens State Bank, 1987
Ontonagon, Michigan
Class B
Richard L. Falconer District Manager, Northwestern Bell, Bismarck, North Dakota 1985 Harold F. Zigmund Chairman, Blandin Paper Company, Grand Rapids, Minnesota 1986 William L. Mathers President, Mathers Land Company, Inc., Miles City, Montana 1987
Class C
Sister Generose Gervais Administrator, St. Mary's Hospital, Rochester, Minnesota 1985 John B. Davis, Jr.2 Interim Executive Director, Children's Theatre Company and 1986
School, Minneapolis, Minnesota William G. Phillips' Chairman, International Multifoods, Minneapolis, Minnesota 1987
—HELENA BRANCH
Appointed by Federal Reserve Bank
Roger H. Ulrich President, First State Bank, Malta, Montana 1985 Dale W. Anderson3 President and Chief Executive Officer, Norwest Bank Great Falls, 1986
N.A. , Great Falls, Montana Seabrook Pates President and Chief Executive Officer, Midland Implement 1986
Company, Inc., Billings, Montana
Appointed by Board of Governors
Gene J. Etchart1 Past President, Hinsdale Livestock Company, Glasgow, Montana 1985 Marcia S. Anderson3 President, Bridger Canyon Stallion Station, Inc., Bozeman, 1986
Montana
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
368 Federal Reserve Bulletin • May 1985
DISTRICT 10—KANSAS CITY TERM expires
Class A Dec• 31
Howard K. Loomis President, The Peoples Bank, Pratt, Kansas 1985 Wayne D. Angell Chairman of the Board, The First State Bank of Pleasanton, 1986
Pleasanton, Kansas
Donald D. Hoffman Chairman of the Board, Central Bank of Denver, Denver, Colorado 1987
Class B Ralph F. Cox Chief Operating Officer-Resources, and Director, Atlantic 1985
Richfield Company, Denver, Colorado Richard D. Harrison Chairman and Chief Executive Officer, Fleming Companies, Inc. 1986
Oklahoma City, Oklahoma Duane C. Acker President, Kansas State University, Manhattan, Kansas 1987
Class C
Irvine O. Hockaday, Jr.1 Executive Vice President and Member of the Office of the Chairman, Hallmark Cards, Inc., Kansas City, Missouri
Vacancy Robert G. Lueder2 Chairman of the Board, Lueder Construction Company, Omaha,
Nebraska
—DENVER BRANCH
Appointed by Federal Reserve Bank
George S. Jenks President and Chief Executive Officer, Sunwest Financial Services, Inc., Albuquerque, New Mexico
Kenneth C. Naramore Chairman of the Board and Chief Executive Officer, Stockmen's Bank and Trust Company, Gillette, Wyoming
Roger L. Reisher Co-Chairman, FirstBank Holding Company of Colorado, Lake wood, Colorado
Junius F. Baxter3 President and Chairman, Midland-Western Federal Savings, Denver, Colorado
Appointed by Board of Governors
Anthony W. Williams President, Williams, Turner & Holmes, P.C., Grand Junction, Colorado
James C. Wilson3 President and Chief Executive Officer, Rocky Mountain Energy, Broomfield, Colorado
James E. Nielson1 President and Chief Executive Officer, JN Incorporated, Cody, Wyoming
—OKLAHOMA CITY BRANCH
Appointed by Federal Reserve Bank
William H. Crawford President and Chief Executive Officer, First National Bank and Trust Company, Frederick, Oklahoma
William O. Alexander President and Chief Executive Officer, Continental Federal Savings & Loan Association, Oklahoma City, Oklahoma
Marcus R. Tower Vice Chairman of the Board and Chairman of the Credit Policy Committee, Bank of Oklahoma, N.A. , Tulsa, Oklahoma
1985
1986 1987
1985
1986
1986
1987
1985
1986
1987
1985
1986
1986
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
Directors of Federal Reserve Banks and Branches 369
DISTRICT 10—Continued Term expires
Dec 31
—OKLAHOMA CITY BRANCH—Continued
Appointed by Board of Governors Patience S. Latting1 Oklahoma City, Oklahoma 1985 John F. Snodgrass President and Trustee, Samuel Roberts Noble Foundation, Inc., 1986
Ardmore, Oklahoma
—OMAHA BRANCH
Appointed by Federal Reserve Bank
William W. Cook, Jr. President, The Beatrice National Bank and Trust Company, 1985 Beatrice, Nebraska
Charles H. Thorne Chairman of the Board and Chief Executive Officer, First Federal 1985 Savings and Loan Association of Lincoln, Lincoln, Nebraska
Donald J. Murphy Director, Norwest Bank Omaha, N.A. , Omaha, Nebraska 1986
Appointed by Board of Governors
Kenneth L. Morrison1 President, Morrison-Quirk Grain Corporation, Hastings, Nebraska 1985 Janice D. Stoney3 Vice President, Northwestern Bell Telephone Company, Omaha, 1986
Nebraska
DISTRICT 11—DALLAS
Class A
John P. Gilliam
Miles D. Wilson
Gene Edwards3
Class B
Robert Ted Enloe III
Kent Gilbreath
Robert L. Pfluger3
Class C
Robert D. Rogers1
Hugh G. Robinson3
Bobby R. Inman2
Chairman of the Board and Chief Executive Officer, First National 1985 Bank in Valley Mills, Valley Mills, Texas
Chairman of the Board and Chief Executive Officer, The First 1986 National Bank of Bellville, Bellville, Texas
Chairman of the Board, First Amarillo Bancorporation, Inc., 1987 Amarillo, Texas
President, Lomas & Nettleton Financial Corporation, Dallas, 1985 Texas
Associate Dean, Hankamer School of Business, Baylor University, 1986 Waco, Texas
Rancher, San Angelo, Texas 1987
President and Chief Executive Officer, Texas Industries, Inc., 1985 Dallas, Texas
Vice President for Real Estate Development, Southland 1986 Corporation, Dallas, Texas
Chairman of the Board, President, and Chief Executive Officer, 1987 Microelectronics and Computer Technology Corporation, Austin, Texas
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
370 Federal Reserve Bulletin • May 1985
DISTRICT 11—Continued
—EL PASO BRANCH
Appointed by Federal Reserve Bank
Hector Holguin3 Founder and Chairman, Holguin Corporation, El Paso, Texas 1985 David L. Stone President, The Portales National Bank, Portales, New Mexico 1986 Tony A. Martin Chairman of the Board, First City National Bank of Midland, 1987
Midland, Texas Gerald W. Thomas President Emeritus and Professor of Animal Range Science, Center 1987
for International Programs, New Mexico State University, Las Cruces, New Mexico
Term expires
Dec. 31
Appointed by Board of Governors
Peyton Yates President, Yates Drilling Company, Artesia, New Mexico 1985 John Sibley1 President, Delaware Mountain Enterprises, Carlsbad, New Mexico 1986 Mary Carmen Saucedo Associate Superintendent, Central Area Office, El Paso 1987
Independent School District, El Paso, Texas
—HOUSTON BRANCH
Appointed by Federal Reserve Bank
Will E. Wilson Chairman of the Executive Committee, First City National Bank of Beaumont, Beaumont, Texas
1985
Marcella D. Perry President and Chief Executive Officer, Heights Savings Association, Houston, Texas
1986
Thomas B. McDade Vice Chairman, Texas Commerce Bancshares, Inc., Houston, Texas
1987
David E. Sheffield3 President and Chief Executive Officer, First Victoria National Bank, Victoria, Texas
1987
Appointed by Board of Governors
Robert T. Sakowitz1 Chairman of the Board and President, Sakowitz, Inc., Houston, 1985 Texas
Walter M. Mischer, Jr.3 President, The Mischer Corporation, Houston, Texas 1986 Andrew L. Jefferson, Jr.3 Attorney, Jefferson, Mims, and Plummer, Houston, Texas 1987
—SAN ANTONIO BRANCH
Appointed by Federal Reserve Bank
George Brannies Chairman of the Board and President, The Mason National Bank, 1985 Mason, Texas
C. Ivan Wilson Chairman of the Board and Chief Executive Officer, First City 1986 Bank of Corpus Christi, Corpus Christi, Texas
Joe D. Barbee President and Chief Executive Officer, Barbee-Neuhaus Implement 1987 Company, Weslaco, Texas
Robert T. Rork3 Chairman of the Board and Chief Executive Officer, RepublicBank 1987 San Antonio, N.A., San Antonio, Texas
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1985
Directors of Federal Reserve Banks and Branches 371
DISTRICT 11—Continued Term expires
—SAN ANTONIO BRANCH—Continued Dec' 31
Appointed by Board of Governors
Robert F. McDermott1 Chairman of the Board and President, United Services Automobile 1985 Association, San Antonio, Texas
Lawrence L. Crum Professor of Banking and Finance, The University of Texas at 1986 Austin, Austin, Texas
Ruben M. Garcia3 President, Modern Machine Shop, Inc., Laredo, Texas 1987
DISTRICT 12—SAN FRANCISCO
Class A
Spencer F. Eccles
Rayburn S. Dezember Donald J. Gehb3
Class B
Togo W. Tanaka John C. Hampton
George H. Weyerhaeuser
Class C
Carolyn S. Chambers Fred W. Andrew2
Alan C. Furth1
Chairman, President, and Chief Executive Officer, First Security Corporation, Salt Lake City, Utah
Chairman, Central Pacific Corporation, Bakersfield, California President and Chief Executive Officer, Alameda First National
Bank, Alameda, California
Chairman, Gramercy Enterprises, Inc., Los Angeles, California Chairman and President, Willamina Lumber Company, Portland,
Oregon President and Chief Executive Officer, Weyerhaeuser Company,
Tacoma, Washington
President, Chambers Cable Co., Inc., Eugene, Oregon Chairman, President, and Chief Executive Officer, Superior
Farming Company, Bakersfield, California Vice Chairman, Santa Fe Southern Pacific Corporation and
President, Southern Pacific Company, San Francisco, California
—Los ANGELES BRANCH
Appointed by Federal Reserve Bank
1985
1986 1987
1985 1986
1987
1985 1986
1987
Bram Goldsmith Chairman and Chief Executive Officer, City National Bank, 1985 Beverly Hills, California
William L. Tooley Chairman, Tooley and Company, Investment Builders, Los 1985 Angeles, California
Harvey J. Mitchell President and Chief Executive Officer, Escondido National Bank, 1986 Escondido, California
Robert R. Dockson Chairman and Chief Executive Officer, CalFed, Inc., Los Angeles, 1987 California
Appointed by Board of Governors
Thomas R. Brown, Jr. Lola M. McAlpin-Grant Richard C. Seaver1 3
Chairman of the Board, Burr-Brown Corporation, Tucson, Arizona 1985 Attorney, Ingle wood, California 1986 President, Hydril Company, Los Angeles, California 1987
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372 Federal Reserve Bulletin • May 1985
DISTRICT 12—Continued Term expires
Dec. 31 —PORTLAND BRANCH
Appointed by Federal Reserve Bank
Herman C. Bradley, Jr. President and Chief Executive Officer, Tri-County Banking 1985 Company, Junction City, Oregon
William S. Naito Vice President, Norcrest China Company, Portland, Oregon 1986 John A. Elorriaga Chairman of the Board and Chief Executive Officer, United States 1987
National Bank of Oregon, Portland, Oregon G. Dale Weight3 Chairman and Chief Executive Officer, Benjamin Franklin Savings 1987
and Loan Association, Portland, Oregon
Appointed by Board of Governors
G. Johnny Parks Northwest Regional Director, International Longshoremen's & 1985 Warehousemen's Union, Portland, Oregon
Paul E. Bragdon1 President, Reed College, Portland, Oregon 1986 Sandra A. Suran3 Partner, Suran and Company, Beaverton, Oregon 1987
—SALT LAKE CITY BRANCH
Appointed by Federal Reserve Bank
John A. Dahlstrom Chairman of the Board, Tracy-Collins Bank and Trust Company, Salt Lake City, Utah
1985
Fred C. Humphreys Chairman, President and Chief Executive Officer, The Idaho First National Bank and Moore Financial Group, Boise, Idaho
1985
Albert C. Gianoli President and Chairman of the Board, First National Bank of Ely, Ely, Nevada
1986
Lela M. Ence Executive Director, University of Utah Alumni Association, Salt Lake City, Utah
1987
Appointed by Board of Governors
Vacancy 1985 Robert N. Pratt President, Moriah Enterprises, Inc., Bountiful, Utah 1986 Don M. Wheeler13 President, Wheeler Machinery Company, Salt Lake City, Utah 1987
—SEATTLE BRANCH
Appointed by Federal Reserve Bank
William W. Philip Chairman of the Board and President, Puget Sound National Bank, 1985 Tacoma, Washington
Lonnie G. Bailey Executive Vice President, Farmers & Merchants Bank of 1986 Rockford, Spokane, Washington
John N. Nordstrom Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington 1987 William S. Randall3 President and Chief Executive Officer, First Interstate Bank of 1987
Washington, N.A., Seattle, Washington
Appointed by Board of Governors
Byron I. Mallott President and Chief Executive Officer, Sealaska Corporation, 1985 Juneau, Alaska
Carol A. Birkholz Managing Partner, Laventhol & Horwath, Seattle, Washington 1986 John W. Ellis1 President and Chief Executive Officer, Puget Sound Power & Light 1987
Company, Bellevue, Washington
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May 1985
393
Directors of Federal Reserve Banks and Branches
Regional decentralization and a combination of gov-ernmental and private characteristics are important hallmarks of the uniqueness of the Federal Reserve System. Under the Federal Reserve Act, decentraliza-tion was achieved by division of the country into 12 Federal Reserve Districts and the establishment in each District of a separately incorporated Federal Reserve Bank with its own board of directors. The member banks in each District own the stock of their Reserve Bank and elect a majority of the board of directors of that Bank. The Board of Governors, an agency of the federal government, exercises general supervision over the Reserve Banks and also appoints a minority of each board of directors of the Reserve Banks and their Branches. Thus, the Federal Reserve relies importantly in the conduct of the System's affairs on the regional participation and counsel of the directors of the Federal Reserve Banks and Branches.
The following list of directors of Federal Reserve Banks and Branches shows for each director the class of directorship, the principal business affiliation, and the date the current term expires. Each Federal Re-serve Bank has nine members on its board of direc-tors: the member banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. Directors are chosen without discrimination as to race, creed, color, sex, or national origin.
Class A directors of each Reserve Bank represent the stockholding member banks of the Federal Re-serve District. Class B and Class C directors represent the public and are chosen with due, but not exclusive, consideration to the interests of agriculture, com-merce, industry, services, labor, and consumers; they may not be officers, directors, or employees of any bank. In addition, Class C directors may not be stockholders of any bank. The Board of Governors designates annually one Class C director as chairman of the board of directors of each District Bank and designates another Class C director as deputy chair-man.
Each of the 25 Branches of the Federal Reserve Banks has a board of either seven or five directors, a majority of whom are appointed by the parent Federal Reserve Bank; the others are appointed by the Board of Governors. One of the Board's appointees is desig-nated annually as chairman of the board of that Branch in a manner prescribed by the parent Federal Reserve Bank.
The names of the chairman and deputy chairman of the board of directors of each Reserve Bank and of the chairman of each Branch are published monthly in the FEDERAL RESERVE B U L L E T I N . 1
1. The current list appears on page A89 of this BULLETIN.
DISTRICT 1—BOSTON
Class A
Homer B. Ellis, Jr.
Harry R. Mitiguy Robert L. Newell
Class B
Ralph Z. Sorenson
Matina S. Horner Richard M. Oster
Director, Factory Point National Bank, Manchester Center, Vermont
President, Howard Bancorp, Burlington, Vermont Chairman, Hartford National Corporation, Hartford, Connecticut
Chairman, President, and Chief Executive Officer, Barry Wright Corporation, Newton Lower Falls, Massachusetts
President, Radcliffe College, Cambridge, Massachusetts President and Chief Executive Officer, Cookson America, Inc.,
Providence, Rhode Island
Term Expires Dec. 31
1987
1988 1989
1987
1988 1989
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May 1987
394 Federal Reserve Bulletin • May 1987
DISTRICT 1—Continued
Class C
Joseph A. Baute Chairman and Chief Executive Officer, Markem Corporation, Keene, New Hampshire
George N. Hatsopoulos Chairman of the Board and President, Thermo Electron Corporation, Waltham, Massachusetts
Richard N. Cooper Professor of International Economics, Harvard University, Cambridge, Massachusetts
DISTRICT 2—NEW YORK
Class A
Robert W. Moyer
Lewis T. Preston
Alberto M. Paracchini
Class B
John F. Welch, Jr.
Richard L. Gelb
John A. Georges
Class C
President and Chief Executive Officer, Wilber National Bank, Oneonta, New York
Chairman of the Board, Morgan Guaranty Trust Company of New York, New York, New York
Chairman of the Board and President, Banco de Ponce, Ponce, Puerto Rico
Chairman and Chief Executive Officer, General Electric Company, Fairfield, Connecticut
Chairman and Chief Executive Officer, Bristol-Myers Company, New York, New York
Chairman and Chief Executive Officer, International Paper Company, New York, New York
Virginia A. Dwyer Senior Vice President—Finance (Retired), American Telephone and Telegraph Co., New York, New York
John Brademas President, New York University, New York, New York John R. Opel Chairman of the Executive Committee, International Business
Machines Corp., Armonk, New York
—BUFFALO BRANCH
Appointed by the Federal Reserve Bank
Ross B. Kenzie Chairman and Chief Executive Officer, Goldome FSB, Buffalo, New York
R. Carlos Carballada President and Chief Executive Officer, Central Trust Company, Rochester, New York
Donald I. Wickham President, Tri-Way Farms, Inc., Stanley, New York Harry J. Sullivan President, Salamanca Trust Company, Salamanca, New York
Appointed by the Board of Governors
Joseph Yantomasi Consultant, United Auto Workers, Buffalo, New York Mary Ann Lambertsen Vice President, Human Resources, Fisher-Price,
East Aurora, New York Matthew Augustine President and Chief Executive Officer, Eltrex Industries, Inc.,
Rochester, New York
Term Expires Dec. 31
1987
1988
1989
1987
1988
1989
1987
1988
1989
1987
1988 1989
1987
1988
1988 1989
1987 1988
1989
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
Directors of Federal Reserve Banks and Branches 395
DISTRICT 3—PHILADELPHIA
Class A
Ronald H. Smith
Clarence D. McCormick
George A. Butler
Class B
Charles F. Seymour
Nicholas Riso
Carl E. S ingle y
Class C
George E. Bartol III
Nevius M. Curtis
Peter A. Benoliel
President and Chief Executive Officer, CCNB Bank, N.A., New Cumberland, Pennsylvania
President, The Farmers and Merchants National Bank, Bridgeton, New Jersey
Chairman and Chief Executive Officer, First Pennsylvania Bank, N.A., Philadelphia, Pennsylvania
Chairman and Chief Executive Officer, Jackson-Cross Company, Philadelphia, Pennsylvania
President and Chief Executive Officer, Giant Food Stores, Inc., Carlisle, Pennsylvania
Attorney, Philadelphia, Pennsylvania
Chairman of the Board, Hunt Manufacturing Company, Philadelphia, Pennsylvania
Chairman and Chief Executive Officer, Delmarva Power & Light Company, Wilmington, Delaware
Chairman, Quaker Chemical Corporation, Conshohocken, Pennsylvania
Term Expires Dec. 31
1987
1988
1989
1987
1988
1989
1987
1988
1989
DISTRICT 4—CLEVELAND
Class A
Raymond D. Campbell Chairman, President, and Chief Executive Officer, Independent 1987 State Bank of Ohio, Columbus, Ohio
William A. Stroud Chairman and President, First-Knox National Bank, Mount 1988 Vernon, Ohio
Frank Wobst Chairman and Chief Executive Officer, Huntington Bancshares 1989 Incorporated, Columbus, Ohio
Class B
Richard D. Hannan Chairman of the Board and President, Mercury Instruments, Inc., 1987 Cincinnati, Ohio
Daniel M. Galbreath President, John W. Galbreath, Columbus, Ohio 1988 Laban P. Jackson, Jr. Chairman of the Board, International Spike, Inc., Lexington, 1989
Kentucky Class C
E. Mandell de Windt Chairman of the Board (Retired), Eaton Corporation, Cleveland, 1987 Ohio
John R. Miller Former President and Chief Operating Officer, The Standard Oil 1988 Company (Ohio), Cleveland, Ohio
Charles W. Parry Chairman and Chief Executive Officer, Aluminum Company of 1989 America, Pittsburgh, Pennsylvania
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
396 Federal Reserve Bulletin • May 1987
DISTRICT Continued
—CINCINNATI BRANCH
Appointed by the Federal Reserve Bank
Sherrill Cleland President, Marietta College, Marietta, Ohio Jerry L. Kirby Chairman of the Board and President, Citizens Federal Savings &
Loan Association, Dayton, Ohio Robert A. Hodson President and Chief Executive Officer, 1st Security Bank,
Hillsboro, Ohio Robert M. Duncan President and Chief Executive Officer, First National Bank of
Louisa, Louisa, Kentucky
Appointed by the Board of Governors
Don Ross Owner, Dunreath Farm, Lexington, Kentucky Kate Ireland National Chairman, Frontier Nursing Service, Wendover,
Kentucky Owen B. Butler Chairman of the Board (Retired), The Procter & Gamble Company,
Cincinnati, Ohio
—PITTSBURGH BRANCH
Appointed by the Federal Reserve Bank
Charles L. Fuellgraf, Jr.
James S. Pasman, Jr.
Lawrence F. Klima
Thomas H. O'Brien
Chief Executive Officer, Fuellgraf Electric Company, Butler, Pennsylvania
Former Vice Chairman, Aluminum Company of America, Pittsburgh, Pennsylvania
President, The First National Bank of Pennsylvania, Erie, Pennsylvania
President and Chief Executive Officer, PNC Financial Corp., Pittsburgh, Pennsylvania
Appointed by the Board of Governors
Milton A. Washington
James E. Haas
Karl M. von der Heyden
President and Chief Executive Officer, Allegheny Housing Rehabilitation Corporation, Pittsburgh, Pennsylvania
President and Chief Operating Officer, National Intergroup, Inc., Pittsburgh, Pennsylvania
Senior Vice President-Finance and Chief Financial Officer, H.J. Heinz Company, Pittsburgh, Pennsylvania
DISTRICT 5—RICHMOND
Class A
Robert F. Baronner
K. Donald Menefee
Chester A. Duke
Chairman of the Board and Chief Executive Officer, One Valley Bancorp of West Virginia, Inc. and Kanawha Valley Bank, N.A., Charleston, West Virginia
Chairman of the Board and Chief Executive Officer, Madison National Bank, and Chairman of the Board and President, James Madison Limited, Washington, D.C.
President and Chief Executive Officer, Marion National Bank, Marion, South Carolina
Term Expires Dec. 31
1987
1987
1988
1989
1987 1988
1989
1987
1987
1988
1989
1987
1988
1989
1987
1988
1989
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May 1987
Directors of Federal Reserve Banks and Branches 397
DISTRICT 5—Continued
Class B
Floyd D. Gottwald, Jr.
Edward H. Co veil Thomas B. Cookerly
Class C
Hanne Merriman Robert A. Georgine
Leroy T. Canoles, Jr.
Chairman of the Board and Chief Executive Officer, Ethyl Corporation, Richmond, Virginia
President, The Covell Company, Easton, Maryland President, Broadcast Division, Allbritton Communications,
Washington, D.C.
President, Garfinckel's, Washington, D.C. President, Building & Construction Trades Department, AFL-CIO,
Washington, D.C. President, Kaufman & Canoles, Norfolk, Virginia
Term Expires Dec. 31
1987
1988 1989
1987 1988
1989
—BALTIMORE BRANCH
Appointed by the Federal Reserve Bank
Raymond V. Haysbert, Sr.
H. Grant Hathaway
Joseph W. Mosmiller
Charles W. Hoff III
President and Chief Executive Officer, Parks Sausage Company, 1987 Baltimore, Maryland
Chairman of the Board, Equitable Bank, N.A., Baltimore, 1988 Maryland
Chairman of the Board, Loyola Federal Savings and Loan 1988 Association, Baltimore, Maryland
President and Chief Executive Officer, Farmers and Mechanics 1989 National Bank, Frederick, Maryland
Appointed by the Board of Governors
Gloria L. Johnson Thomas R. Shelton
John R. Hardesty, Jr.
Baltimore, Maryland President, The Resource Management Group, Inc., Salisbury,
Maryland President, Preston Energy, Inc., Kingwood, West Virginia
1987 1988
1989
—CHARLOTTE BRANCH
Appointed by the Federal Reserve Bank
James M. Culberson, Jr.
J. Donald Collier James G. Lindley
John A. Hardin
Chairman and President, The First National Bank of Randolph County, Asheboro, North Carolina
Orangeburg, South Carolina Chairman, South Carolina National Corporation, and Chairman
and President, The South Carolina National Bank, Columbia, South Carolina
Chairman of the Board and President, First Federal Savings Bank, Rock Hill, South Carolina
1987
1988 1988
1989
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May 1987
398 Federal Reserve Bulletin • May 1987
DISTRICT 5—Continued
—CHARLOTTE BRANCH—Continued
Appointed by the Board of Governors
Term Expires Dec. 31
James E. Bostic, Jr.
G. Alex Bernhardt Wallace J. Jorgenson
Division General Manager, Convenience Products Division, Georgia-Pacific Corporation, Aiken, South Carolina
President, Bernhardt Industries, Inc., Lenoir, North Carolina President, Jefferson-Pilot Communications Company,
Charlotte, North Carolina
1987
1988 1989
DISTRICT 6—ATLANTA
Class A
E.B. Robinson, Jr.
Virgil H. Moore, Jr.
Mary W. Walker
Class B
Horatio C. Thompson
Bernard F. Sliger Paul W. Green
Class C
Jane C. Cousins
Larry L. Prince
Bradley Currey, Jr.
Chairman and Chief Executive Officer, Deposit Guaranty National 1987 Bank and Deposit Guaranty Corporation, Jacksonville, Mississippi
Chairman and Chief Executive Officer, First Farmers and 1988 Merchants National Bank, Columbia, Tennessee
Vice Chairman, The National Bank of Walton County, Monroe, 1989 Georgia
President, Horatio Thompson Investments, Inc., Baton Rouge, 1987 Louisiana
President, Florida State University, Tallahassee, Florida 1988 President and Chief Executive Officer, American Cast Iron Pipe 1989
Company, Birmingham, Alabama
President and Chief Executive Officer, Merrill Lynch Realty/ 1987 Cousins, Miami, Florida
President and Chief Operating Officer, Genuine Parts Company, 1988 Atlanta, Georgia
President, Rock-Tenn Company, Norcross, Georgia 1989
—BIRMINGHAM BRANCH
Appointed by the Federal Reserve Bank
Willard L. Hurley Chairman and Chief Executive Officer, First Alabama Bancshares, 1987 Inc., Birmingham, Alabama
Vacancy 1988 Milton A. Wendland Owner-Operator, Autauga Farming Company, Autaugaville, 1988
Alabama John H. Newman President and Chief Executive Officer, First National Bank of 1989
Scottsboro, Scottsboro, Alabama
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May 1987
Directors of Federal Reserve Banks and Branches 399
DISTRICT 6—Continued TERM Expires
—BIRMINGHAM BRANCH— C o n t i n u e d D e c - 3 1
Appointed by the Board of Governors
A.G. Trammell President, Alabama Labor Council, AFL-CIO, Birmingham, 1987 Alabama
Roy D. Terry President and Chief Executive Officer, Terry Manufacturing 1988 Company, Inc., Roanoke, Alabama
Margaret E.M. Tolbert Director, Carver Research Foundation, Tuskegee University, 1989 Tuskegee, Alabama
—JACKSONVILLE BRANCH
Appointed by the Federal Reserve Bank
Buell G. Duncan, Jr. Chairman, President, and Chief Executive Officer, Sun Bank, 1987 N.A., Orlando, Florida
Robert R. Deison Chairman of the Board and President, Andrew Jackson State 1988 Savings and Loan Association, Tallahassee, Florida
George W. Gibbs III President, Atlantic Dry Dock Corporation, Jacksonville, Florida 1988 A. Bronson Thayer Chairman and Chief Executive Officer, First Florida Banks, Inc., 1989
Tampa, Florida
Appointed by the Board of Governors
Andrew A. Robinson Director, Florida Institute of Education, University of North 1987 Florida, Jacksonville, Florida
E. William Nash, Jr. President, South-Central Operations, The Prudential Insurance 1988 Company of America, Jacksonville, Florida
Saundra H. Gray Co-Owner, Gemini Springs Farm, DeBary, Florida 1989
—MIAMI BRANCH
Appointed by the Federal Reserve Bank
Robert D. Rapaport Robert M. Taylor
William H. Losner
James H. Robinson
Chairman, Royal Palm Savings Association, Palm Beach, Florida 1987 Chairman and Chief Executive Officer, The Mariner Group, Inc., 1987
Fort Myers, Florida President and Chief Executive Officer, The First National Bank of 1988
Homestead, Homestead, Florida President, Sun Bank/South Florida, N.A., Fort Lauderdale, 1989
Florida
Appointed by the Board of Governors
Robert D. Apelgren President, Apelgren Corporation, Pahokee, Florida 1987 Sue McCourt Cobb Attorney, Greenberg, Traurig, Askew, Hoffman, Lipoff, Rosen, 1988
and Quentel, P.A., Miami, Florida Jose L. Saumat President, Kaufman and Roberts, Inc., Miami, Florida 1989
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
400 Federal Reserve Bulletin • May 1987
Term Expires Dec. 31
Appointed by the Federal Reserve Bank
DISTRICT 6—Continued
—NASHVILLE BRANCH
Will A. Hildreth
Eugene C. Cheatham
Shirley A. Zeitlin Dennis C. Bottorff
President and Chief Executive Officer, First National Bank of 1987 Loudon County, Lenoir City, Tennessee
President, Advanced Integrated Technology, Inc., Nashville, 1988 Tennessee
President, Shirley Zeitlin & Co. Realtors, Nashville, Tennessee 1988 Chairman, Commerce Union Corporation, Nashville, Tennessee 1989
Appointed by the Board of Governors
C. Warren Neel Dean, College of Business Administration, The University of 1987 Tennessee, Knoxville, Tennessee
Condon S. Bush President, Bush Brothers & Company, Dandridge, Tennessee 1988 Patsy R. Williams Partner, Rhyne Lumber Company, Newport, Tennessee 1989
—NEW ORLEANS BRANCH
Appointed by the Federal Reserve Bank
James G. Boyer Chairman, President, and Chief Executive Officer, Gulf National Bank at Lake Charles, Lake Charles, Louisiana
1987
Alan R. Barton President and Chief Executive Officer, Mississippi Power Company, Gulfport, Mississippi
1988
Robert M. Shofstahl President and Chief Executive Officer, Pelican Homestead and Savings Association, Metairie, Louisiana
1988
Robert S. Gaddis President and Chief Executive Officer, Commercial National Bank & Trust Co., Laurel, Mississippi
1989
Appointed by the Board of Governors
Caroline K. Theus President, Inglewood Land and Development Company, 1987 Alexandria, Louisiana
Sharon A. Perlis President, Sharon A. Perlis (APLC), Metairie, Louisiana 1988 James A. Hefner President, Jackson State University, Jackson, Mississippi 1989
DISTRICT 7—CHICAGO
Class A
Barry F. Sullivan
John W. Gabbert
B.F. Backlund
Chairman of the Board and Chief Executive Officer, First National 1987 Bank of Chicago, Chicago, Illinois
President and Chief Executive Officer, First National Bank and 1988 Trust Company, LaPorte, Indiana
President and Chief Executive Officer, Bartonville Bank, 1989 Bartonville, Illinois
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
Directors of Federal Reserve Banks and Branches 401
DISTRICT 7—Continued
Class B
Edward D. Powers
Max J. Naylor Paul J. Schierl
Class C
Marcus Alexis
Charles S. McNeer
Robert J. Day
President and Chief Executive Officer, Mueller Company, Decatur, Illinois
Farmer, Jefferson, Iowa President and Chief Executive Officer, Fort Howard Paper
Company, Green Bay, Wisconsin
Dean, College of Business Administration, University of Illinois at Chicago, Chicago, Illinois
Chairman of the Board and Chief Executive Officer, Wisconsin Electric Power Company, Milwaukee, Wisconsin
Chairman and Chief Executive Officer, USG Corporation, Chicago, Illinois
Term Expires Dec. 31
1987
1988 1989
1987
1988
1989
—DETROIT BRANCH
Appointed by the Federal Reserve Bank
Richard M. Gillett Chairman of the Board, Old Kent Financial Corporation, 1987 Grand Rapids, Michigan
Thomas R. Ricketts Chairman of the Board and President, Standard Federal Bank, 1987 Troy, Michigan
Donald R. Mandich Chairman and Chief Executive Officer, Comerica Bank-Detroit, 1988 Detroit, Michigan
Ronald D. Story Chairman and President, The Ionia County National Bank of Ionia, 1989 Ionia, Michigan
Appointed by the Board of Governors
Robert E. Brewer Senior Vice President, Accounting, Administration & Financial 1987 Services, K mart Corporation, Troy, Michigan
Phyllis E. Peters Director, Professional Standards Review, Touche Ross & 1988 Company, Detroit, Michigan
Richard T. Lindgren President and Chief Executive Officer, Cross & Trecker 1989 Corporation, Bloomfield Hills, Michigan
DISTRICT 8—ST. LOUIS
Class A
H.L. Hembree III
Paul K. Reynolds
David W. Kemper II
Chairman of the Board and Chief Executive Officer, Arkansas Best 1987 Corporation, Fort Smith, Arkansas
President and Chief Executive Officer, The First National Bank of 1988 Pittsfield, Pittsfield, Illinois
Chairman and Chief Executive Officer, Commerce Bank of 1989 St. Louis, N.A., Clayton, Missouri, and President and Chief Executive Officer, Commerce Bancshares, Inc., Kansas City, Missouri
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
402 Federal Reserve Bulletin • May 1987
DISTRICT S—Continued
Class B
Jesse M. Shaver Robert J. Sweeney
Frank M. Mitchener, Jr.
Class C
W.L. Hadley Griffin
Robert L. Virgil, Jr.
H. Edwin Trusheim
President, JMS Corporation, Louisville, Kentucky President and Chief Executive Officer, Murphy Oil Corporation,
El Dorado, Arkansas President, Mitchener Farms, Inc., Sumner, Mississippi
Chairman of the Executive Committee, Brown Group, Inc., St. Louis, Missouri
Dean, School of Business, Washington University, St. Louis, Missouri
Chairman, President, and Chief Executive Officer, General American Life Insurance Company, St. Louis, Missouri
Term Expires Dec. 31
1987 1988
1989
1987
1988
1989
—LITTLE ROCK BRANCH
Appointed by the Federal Reserve Bank
Wilbur P. Gulley, Jr. Chairman of the Board, Savers Federal Savings & Loan 1987 Association, Little Rock, Arkansas
W. Wayne Hartsfield President and Chief Executive Officer, First National Bank, 1987 Searcy, Arkansas
Robert C. Connor, Jr. President, Union National Bank of Little Rock, Little Rock, 1988 Arkansas
Patricia M. Townsend President, Townsend Company, Stuttgart, Arkansas 1989
Appointed by the Board of Governors
Sheffield Nelson Attorney at Law, Little Rock, Arkansas 1987 James R. Rodgers Airport Manager, Little Rock Regional Airport, Little Rock, 1988
Arkansas Douglas Ward Jackson President, Machen Construction Company, Little Rock, Arkansas 1989
—LOUISVILLE BRANCH
Appointed by the Federal Reserve Bank
John E. Darnell, Jr. Chairman of the Board, The Owensboro National Bank, 1987 Owensboro, Kentucky
R.I. Kerr, Jr. Chairman of the Board, President, and Chief Executive Officer, 1987 Great Financial Federal, Louisville, Kentucky
Allan S. Hanks Vice President, The Anderson National Bank of Lawrenceburg, 1988 Lawrenceburg, Kentucky
Morton Boyd President, First Kentucky National Corporation, Louisville, 1989 Kentucky
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
Directors of Federal Reserve Banks and Branches 403
DISTRICT 8—Continued TERM Expires
—LOUISVILLE BRANCH— Continued D e c- 3 1
Appointed by the Board of Governors Raymond M. Burse President, Kentucky State University, Frankfort, Kentucky 1987 Lois H. Gray Chairman of the Board, James N. Gray Construction Company, Inc., 1988
Glasgow, Kentucky Thomas A. Alvey Delegate and Past President, Owensboro Council of Labor, 1989
Owensboro, Kentucky
—MEMPHIS BRANCH
Appointed by the Federal Reserve Bank
Edgar H. Bailey Chairman and Chief Executive Officer, Leader Federal Savings and 1987 Loan Association, Memphis, Tennessee
John P. Dulin President, First Tennessee Bank, N.A., Memphis, Memphis, 1987 Tennessee
William H. Brandon, Jr. President, First National Bank of Phillips County, Helena, 1988 Arkansas
Michael J. Hennessey President, Munro & Company, Inc., Wynne, Arkansas 1989
Appointed by the Board of Governors
G. Rives Neblett Neblett and Havens, Attorneys at Law, Shelby, Mississippi 1987 Katherine Hinds Smythe President, Memorial Park, Inc., Memphis, Tennessee 1988 Sandra B. Sanderson President and Chief Executive Officer, Sanderson Plumbing 1989
Products, Inc., Columbus, Mississippi
DISTRICT 9—MINNEAPOLIS
Class A
Thomas M. Strong President, Citizens State Bank, Ontonagon, Michigan 1987 Duane W. Ring President, Norwest Bank La Crosse, N.A., La Crosse, Wisconsin 1988 Charles W. Ekstrum President and Chief Executive Officer, First National Bank, Philip, 1989
South Dakota
Class B
William L. Mathers President, Mathers Land Company, Miles City, Montana 1987 Richard L. Falconer District Staff Manager, Northwestern Bell, Minneapolis, Minnesota 1988 Keith D. Bjerke Owner, Spruce Row Farm, Northwood, North Dakota 1989
Class C
Michael W. Wright Chairman, President, and Chief Executive Officer, Super Valu 1987 Stores, Inc., Minneapolis, Minnesota
John A. Rollwagen Chairman and Chief Executive Officer, Cray Research Inc., 1988 Minneapolis, Minnesota
John B. Davis, Jr. President Emeritus, Macalester College, St. Paul, Minnesota 1989
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
404 Federal Reserve Bulletin • May 1987
Term Expires Dec. 31
Appointed by the Federal Reserve Bank
DISTRICT 9—Continued
—HELENA BRANCH
F. Charles Mercord President and Chief Executive Officer, First Federal Savings Bank 1987 of Montana, Kalispell, Montana
Robert H. Waller President and Chief Executive Officer, First Interstate Bank of 1988 Billings, N.A., Billings, Montana
Noble E. Vosburg President and Chief Executive Officer, Pacific Hide and Fur 1988 Corporation, Great Falls, Montana
Appointed by the Board of Governors
Warren H. Ross President, Ross 87 Ranch, Inc., Chinook, Montana 1987 Marcia S. Anderson President, Bridger Canyon Stallion Station, Inc., Bozeman, 1988
Montana
DISTRICT 10—KANSAS CITY
Class A
Donald D. Hoffman Chairman of the Board, Central Bank of Denver, Denver, Colorado 1987 Robert L. Hollis Chairman of the Board and Chief Executive Officer, First National 1988
Bank & Trust Co., Okmulgee, Oklahoma Harold L. Gerhart, Jr. President and Chief Executive Officer, First National Bank, 1989
Newman Grove, Nebraska Class B
S. Dean Evans, Sr. Jerry D. Geist
Richard D. Harrison
Class C
Robert G. Lueder
Irvine O. Hockaday, Jr.
Fred W. Lyons, Jr.
Partner, Evans Grain Company, Salina, Kansas 1987 Chairman and President, Public Service Company of New Mexico, 1988
Albuquerque, New Mexico Chairman and Chief Executive Officer, Fleming Companies, Inc., 1989
Oklahoma City, Oklahoma
Chairman of the Board, Lueder Construction Company, Omaha, 1987 Nebraska
President and Chief Executive Officer, Hallmark Cards, Inc., 1988 Kansas City, Missouri
President and Chief Executive Officer, Marion Laboratories, Inc., 1989 Kansas City, Missouri
—DENVER BRANCH
Appointed by the Federal Reserve Bank
Junius F. Baxter Chairman of the Board and Chief Executive Officer, Bank Western 1987 Federal Savings Bank, Denver, Colorado
George S. Jenks President and Chief Executive Officer, Sunwest Financial Services, 1988 Inc., Albuquerque, New Mexico
W. Richard Scarlett III Chairman and President, Jackson State Bank, Jackson Hole, 1988 Wyoming
Roger L. Reisher Co-Chairman, FirstBank Holding Company of Colorado, 1989 Lake wood, Colorado
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
Directors of Federal Reserve Banks and Branches 405
DISTRICT 10—Continued TERM Expires
—DENVER BRANCH—Continued Dec. 31
Appointed by the Board of Governors James E. Nielson President and Chief Executive Officer, JN Incorporated, Cody, 1987
Wyoming Anthony W. Williams Attorney, Williams, Turner, & Holmes, P.C., Grand Junction, 1988
Colorado James C. Wilson Longmont, Colorado 1989
—OKLAHOMA CITY BRANCH
Appointed by the Federal Reserve Bank
William H. Crawford Chairman and Chief Executive Officer, First National Bank and 1987 Trust Company, Frederick, Oklahoma
William O. Alexander Chairman and Chief Executive Officer, Continental Federal 1988 Savings & Loan Association, Oklahoma City, Oklahoma
W. Dean Hidy Chairman of the Board, Triad Bank, N.A., Tulsa, Oklahoma 1988
Appointed by the Board of Governors
Patience S. Latting Oklahoma City, Oklahoma 1987 John F. Snodgrass President and Trustee, The Samuel Roberts Noble Foundation, Inc., 1988
Ardmore, Oklahoma
—OMAHA BRANCH
Appointed by the Federal Reserve Bank
John T. Selzer President, Scottsbluflf National Bank and Trust Company, 1987 Scottsbluff, Nebraska
Charles H. Thorne Chairman of the Board and Chief Executive Officer, First Federal 1987 Savings and Loan Association of Lincoln, Lincoln, Nebraska
John R. Cochran President and Chief Executive Officer, Norwest Bank Nebraska, 1988 N.A., Omaha, Nebraska
Appointed by the Board of Governors
Kenneth L. Morrison President, Morrison Enterprises, Hastings, Nebraska 1987 Janice D. Stoney Executive Vice President and Chief Operating Officer, 1988
Northwestern Bell Telephone Company, Omaha, Nebraska
DISTRICT 11—DALLAS
Class A
Gene Edwards Director and Consultant, First National Bank of Amarillo, 1987 Amarillo, Texas
Charles T. Doyle Chairman and Chief Executive Officer, Gulf National Bank, 1988 Texas City, Texas
Robert G. Greer Chairman of the Board, Tanglewood Bank, N.A., Houston, Texas 1989
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
406 Federal Reserve Bulletin • May 1987
DISTRICT 11—Continued
Class B
Robert L. Pfluger Robert Ted Enloe III
Gary E. Wood
Rancher, San Angelo, Texas President, Lomas & Nettleton Financial Corporation, Dallas,
Texas Director of Governmental Relations and Professor of Finance,
Baylor University, Waco, Texas
Term Expires Dec. 31
1987 1988
1989
Class C
Bobby R. Inman Chairman of the Board and Chief Executive Officer, Westmark 1987 Systems, Inc., Austin, Texas
Hugh G. Robinson President, Cityplace Development Corporation, Dallas, Texas 1988 Leo E. Linbeck, Jr. Chairman and Chief Executive Officer, Linbeck Construction 1989
Corporation, Houston, Texas
—EL PASO BRANCH
Appointed by the Federal Reserve Bank
Henry B. Ellis President and Chief Credit Officer, MBank El Paso, N.A., 1987 El Paso, Texas
Gerald W. Thomas President Emeritus and Professor of Animal Range Science, Center 1987 for International Programs, New Mexico State University, Las Cruces, New Mexico
Humberto F. Sambrano Partner, Urban General Contractors, Inc., El Paso, Texas 1988 David L. Stone President, The Portales National Bank, Portales, New Mexico 1989
Appointed by the Board of Governors
Mary Carmen Saucedo Vice President, Saucedo Bros., Inc., El Paso, Texas 1987 Peyton Yates President, Yates Drilling Company, Artesia, New Mexico 1988 John R. Sibley President, Delaware Mountain Enterprises, Carlsbad, New Mexico 1989
—HOUSTON BRANCH
Appointed by the Federal Reserve Bank
Thomas B. McDade
David E. Sheffield Jeff Austin, Jr. Jenard M. Gross
Vice Chairman (Retired), Texas Commerce Bancshares, Inc., 1987 Houston, Texas
Director, First Victoria National Bank, Victoria, Texas 1987 President, First National Bank of Jacksonville, Jacksonville, Texas 1988 Chairman of the Board and Chief Executive Officer, United 1989
Savings Association of Texas, Houston, Texas
Appointed by the Board of Governors
Andrew L. Jefferson, Jr. Gilbert D. Gaedcke, Jr.
Walter M. Mischer, Jr.
Attorney, Jefferson, Mims, Plummer, and Rice, Houston, Texas 1987 Chairman of the Board and Chief Executive Officer, Gaedcke 1988
Equipment Company, Houston, Texas President, The Mischer Corporation, Houston, Texas 1989
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
Directors of Federal Reserve Banks and Branches 407
DISTRICT 11—Continued TERM Expires Dec. 31
—SAN ANTONIO BRANCH
Appointed by the Federal Reserve Bank
Joe D. Barbee
Robert T. Rork
Jane Flato Smith C. Ivan Wilson
President and Chief Executive Officer, Barbee-Neuhaus Implement 1987 Company, Weslaco, Texas
Senior Chairman of the Board, RepublicBank San Antonio, N.A., 1987 San Antonio, Texas
Rancher, San Antonio, Texas 1988 Chairman of the Board and Chief Executive Officer, First City 1989
Bank of Corpus Christi, Corpus Christi, Texas
Appointed by the Board of Governors
Ruben M. Garcia Chief Executive Officer, Modern Machine Shop, Inc., Laredo, 1987 Texas
Robert F. McDermott Chairman of the Board and President, United Services Automobile 1988 Association, San Antonio, Texas
Patricia P. Lebermann President, Patterson Investments, Inc., Austin, Texas 1989
DISTRICT 12—SAN FRANCISCO
Class A
Donald J. Gehb
Spencer F. Eccles
Rayburn S. Dezember
Class B
George H. Weyerhaeuser
Togo W. Tanaka John C. Hampton
Class C
Fred W. Andrew Carolyn S. Chambers
Robert F. Erburu
President and Chief Executive Officer, Alameda Bancorporation 1987 and Alameda First National Bank, Alameda, California
Chairman and Chief Executive Officer, First Security Corporation, 1988 Salt Lake City, Utah
Chairman, President, and Chief Executive Officer, Central Pacific 1989 Corporation, and Chairman, American National Bank, Bakersfield, California
President and Chief Executive Officer, Weyerhaeuser Company, 1987 Tacoma, Washington
Chairman, Gramercy Enterprises, Inc., Los Angeles, California 1988 President, Willamina Lumber Company, Portland, Oregon 1989
Partner, Andrew & Williamson Sales Co., Bakersfield, California 1987 President and Chief Executive Officer, Chambers Communications 1988
Corp., Eugene, Oregon Chairman of the Board and Chief Executive Officer, The Times 1989
Mirror Company, Los Angeles, California
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
408 Federal Reserve Bulletin • May 1987
DISTRICT 12—Continued
—Los ANGELES BRANCH TERM Expires Dec. 31
Appointed by the Federal Reserve Bank
Robert R. Dockson Chairman of the Board, CalFed, Inc. and California Federal Savings and Loan Association, Los Angeles, California
1987
Howard C. McCrady Chairman of the Board and Chief Executive Officer, Valley National Bank of Arizona, Phoenix, Arizona
1988
William L. Tooley Chairman, Tooley & Company, Investment Builders, Los Angeles, California
1988
Fred D. Jensen Chairman of the Board, President, and Chief Executive Officer, National Bank of Long Beach, Long Beach, California
1989
Appointed by the Board of Governors
Richard C. Seaver Chairman, Hydril Company, Los Angeles, California 1987 Thomas R. Brown, Jr. Chairman of the Board, Burr-Brown Corporation, Tucson, Arizona 1988 Yvonne Brathwaite Burke Senior Partner, Burke, Robinson & Pearman, Los Angeles, 1989
California
-PORTLAND BRANCH
Appointed by the Federal Reserve Bank
John A. Elorriaga
G. Dale Weight
Herman C. Bradley, Jr.
Wayne E. Phillips, Jr.
Chairman of the Board and Chief Executive Officer, United States 1987 National Bank of Oregon, Portland, Oregon
Chairman of the Board and Chief Executive Officer, Benjamin 1987 Franklin Savings and Loan Association, Portland, Oregon
President and Chief Executive Officer, Tri-County Banking 1988 Company, Junction City, Oregon
Vice President, Phillips Ranch, Inc., Baker, Oregon 1989
Appointed by the Board of Governors
Sandra A. Suran G. Johnny Parks
Paul E. Bragdon
Partner, Peat, Marwick, Mitchell & Co., Portland, Oregon 1987 Former Northwest Regional Director, International 1988
Longshoremen's & Warehousemen's Union, Portland, Oregon President, Reed College, Portland, Oregon 1989
—SALT LAKE CITY BRANCH
Appointed by the Federal Reserve Bank
Lela M. Ence Executive Director, University of Utah Alumni Association, 1987 Salt Lake City, Utah
Fred C. Humphreys Director and Former Chairman of the Board, Moore Financial 1987 Group, Boise, Idaho
Gerald R. Christensen Chairman and President, First Federal Savings and Loan 1988 Association, Salt Lake City, Utah
Ronald S. Hanson President, Zions First National Bank, Salt Lake City, Utah 1989
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
Directors of Federal Reserve Banks and Branches 409
DISTRICT 12—Continued TERM Expires Dec. 31
—SALT LAKE CITY BRANCH—Continued
Appointed by the Board of Governors Don M. Wheeler President, Wheeler Machinery Company, Salt Lake City, Utah 1987 D.N. Rose President and Chief Executive Officer, Mountain Fuel Supply 1988
Company, Salt Lake City, Utah Robert N. Pratt President, Moriah Enterprises, Inc., Bountiful, Utah 1989
—SEATTLE BRANCH
Appointed by the Federal Reserve Bank
John N. Nordstrom Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington 1987 William S. Randall Chairman, President and Chief Executive Officer, First Interstate 1987
Bank of Washington, N.A., Seattle, Washington William W. Philip Chairman of the Board and Chief Executive Officer, Puget Sound 1988
Bancorp, Tacoma, Washington H.H. Larison President, Columbia Paint Company, Spokane, Washington 1989
Appointed by the Board of Governors
John W. Ellis President and Chief Executive Officer, Puget Sound Power & Light 1987 Company, Bellevue, Washington
Byron I. Mallott Chief Executive Officer, Sealaska Corporation, Juneau, Alaska 1988 Carol A. Nygren Managing Partner, Laventhol & Horwath, Seattle, Washington 1989
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1987
3 4 5
Directors of Federal Reserve Banks and Branches
Regional decentralization and a combination of gov-ernmental and private characteristics are important hallmarks of the uniqueness of the Federal Reserve System. Under the Federal Reserve Act, decentrali-zation was achieved by division of the country into 12 regions called Federal Reserve Districts and the es-tablishment in each District of a separately incorpo-rated Federal Reserve Bank with its own board of directors. The blending of private and governmental characteristics is provided through ownership of the stock of the Reserve Bank by member banks in its District, who also elect the majority of the board of directors, and by the general supervision of the Re-serve Banks by the Board of Governors, an agency of the federal government. The Board also appoints a minority of each board of directors. Thus, there are essential elements of regional participation and coun-sel in the conduct of the System's affairs for which the Federal Reserve relies importantly on the contribu-tions of the directors of the Federal Reserve Banks and Branches.
The following list of directors of Federal Reserve Banks and Branches shows for each director the class of directorship, the principal business affiliation, and the date the current term expires. Each Federal Re-serve Bank has nine members on its board of direc-tors: the member banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. Directors are
chosen without discrimination as to race, creed, color, sex, or national origin.
Class A directors of each Reserve Bank represent the stockholding member banks of the Federal Re-serve District. Class B and Class C directors represent the public and are chosen with due, but not exclusive, consideration to the interests of agriculture, com-merce, industry, services, labor, and consumers; they may not be officers, directors, or employees of any bank. In addition, Class C directors may not be stockholders of any bank. The Board of Governors designates annually one Class C director as chairman of the board of directors of each District Bank and designates another Class C director as deputy chair-man.
Each of the 25 Branches of Federal Reserve Banks has a board of either seven or five directors, a majority of whom are appointed by the parent Federal Reserve Bank; the others are appointed by the Board of Gov-ernors. One of the Board's appointees is designated annually as chairman of the board of that Branch in a manner prescribed by the parent Federal Reserve Bank.
The names of the chairman and deputy chairman of the board of directors of each Reserve Bank and of the chairman of each Branch are published monthly in the FEDERAL RESERVE BULLETIN.1
1. The current list appears on page A85 of this BULLETIN.
DISTRICT 1—BOSTON
Class A
William C. Bullock, Jr.
John P. LaWare
Richard D. Wardell
Class B Matina S. Horner Richard M. Oster
Stephen R. Levy
Chairman and President, Merrill Bankshares Company, Bangor, 1988 Maine
Chairman and Chief Executive Officer, Shawmut Corporation, 1989 Boston, Massachusetts
President and Chief Executive Officer, The National Iron Bank, 1990 Salisbury, Connecticut
President, Radcliffe College, Cambridge, Massachusetts 1988 President and Chief Executive Officer, Cookson America, Inc., 1989
Providence, Rhode Island Chairman and Chief Executive Officer, Bolt Beranek and Newman, 1990
Inc., Cambridge, Massachusetts
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346 Federal Reserve Bulletin • May 1988
DISTRICT 1—Continued
Class C
George N. Hatsopoulos
Richard N. Cooper
Richard L. Taylor
DISTRICT 2—NEW YORK
Class A
John F. McGillicuddy
Alberto M. Paracchini
J. Kirby Fowler
Class B
Richard L. Gelb
John A. Georges
John F. Welch, Jr.
Class C
John Brademas John R. Opel
Ellen V. Futter
Chairman of the Board and President, Thermo Electron Corporation, Waltham, Massachusetts
Maurits C. Boas Professor of International Economics, Harvard University, Cambridge, Massachusetts
President, Taylor Properties, Inc., Boston, Massachusetts
Chairman of the Board and Chief Executive Officer, Manufacturers Hanover Trust Company, New York, New York
Chairman of the Board and President, Banco de Ponce, Ponce, Puerto Rico
President and Chief Executive Officer, The Flemington National Bank and Trust Company, Flemington, New Jersey
Chairman and Chief Executive Officer, Bristol-Myers Company, New York, New York
Chairman and Chief Executive Officer, International Paper Company, New York, New York
Chairman and Chief Executive Officer, General Electric Company, Fairfield, Connecticut
President, New York University, New York, New York Chairman of the Executive Committee, International Business
Machines Corporation, Armonk, New York President, Barnard College, Columbia University, New York,
New York
Term expires
Dec. 31
1988
1989
1990
1988
1989
1990
1988
1989
1990
1988 1989
1990
—BUFFALO BRANCH
Appointed by the Federal Reserve Bank
R. Carlos Carballada
Donald I. Wickham Harry J. Sullivan Norman W. Sinclair
President and Chief Executive Officer, Central Trust Company, 1988 Rochester, New York
President, Tri-Way Farms, Inc., Stanley, New York 1988 President, Salamanca Trust Company, Salamanca, New York 1989 President and Chief Executive Officer, Lockport Savings Bank, 1990
Lockport, New York
Appointed by the Board of Governors
Mary Ann Lambertsen Vice President, Human Resources, The Quaker Oats Company, 1988 Fisher-Price Division, East Aurora, New York
Matthew Augustine President and Chief Executive Officer, Eltrex Industries, Inc., 1989 Rochester, New York
Paul E. McSweeney Executive Vice President, United Food and Commercial Workers, 1990 District Union Local One, AFL-CIO, Buffalo, New York
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1988
Directors of Federal Reserve Banks and Branches 347
DISTRICT 3—PHILADELPHIA
Class A
Clarence D. McCormick
George A. Butler
Constantinos I. Costalas
Class B
Nicholas Riso
Carl E. Singley
Charles F. Seymour
Class C
Nevius M. Curtis
Peter A. Benoliel
Jane G. Pepper
President, The Farmers and Merchants National Bank, Bridgeton, New Jersey
Chairman and Chief Executive Officer, First Pennsylvania Bank, N.A., Philadelphia, Pennsylvania
Chairman, President, and Chief Executive Officer, Glendale National Bank of New Jersey, Voorhees, New Jersey
President and Chief Executive Officer, Giant Food Stores, Inc., Carlisle, Pennsylvania
Partner, White, McClelland and Singley, Philadelphia, Pennsylvania
Chairman, Jackson-Cross Company, Philadelphia, Pennsylvania
Chairman and Chief Executive Officer, Delmarva Power, Wilmington, Delaware
Chairman of the Board, Quaker Chemical Corporation, Conshohocken, Pennsylvania
President, The Pennsylvania Horticultural Society, Philadelphia, Pennsylvania
Term expires
Dec. 31
1988
1989
1990
1988
1989
1990
1988
1989
1990
DISTRICT 4—CLEVELAND
Class A
William A. Stroud Frank Wobst
William H. May
Class B
Daniel M. Galbreath Laban P. Jackson, Jr.
Verna K. Gibson
Class C
John R. Miller
Charles W. Parry
Robert D. Storey
Chairman, First-Knox National Bank, Mount Vernon, Ohio 1988 Chairman and Chief Executive Officer, Huntington Bancshares 1989
Incorporated, Columbus, Ohio Chairman and President, First National Bank of Nelsonville, 1990
Nelsonville, Ohio
President, John W. Galbreath, Columbus, Ohio 1988 Chairman of the Board, International Spike, Inc., 1989
Lexington, Kentucky President, The Limited Stores, Inc., Columbus, Ohio 1990
Former President and Chief Operating Officer, The Standard Oil 1988 Company (Ohio), Cleveland, Ohio
Director, and Former Chairman and Chief Executive Officer, 1989 Aluminum Company of America, Pittsburgh, Pennsylvania
Partner, Burke, Haber and Berick, Cleveland, Ohio 1990
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1988
348 Federal Reserve Bulletin • May 1988
DISTRICT 4—Continued
—CINCINNATI BRANCH
Appointed by the Federal Reserve Bank Robert A. Hodson President and Chief Executive Officer, 1st Security Bank,
Hillsboro, Ohio Robert M. Duncan President and Chief Executive Officer, First National Bank of
Louisa, Louisa, Kentucky Jack W. Buchanan President, Sphar and Company, Inc., Winchester, Kentucky Jerry L. Kirby Chairman of the Board and President, Citizens Federal Savings and
Loan Association, Dayton, Ohio
Appointed by the Board of Governors
Kate Ireland
Owen B. Butler
Marvin Rosenberg
National Chairman, Frontier Nursing Service, Wendover, Kentucky
Chairman of the Board (Retired), The Procter and Gamble Company, Cincinnati, Ohio
Partner, Towne Properties, Ltd., Cincinnati, Ohio
Term expires
Dec. 31
1988
1989
1990 1990
1988
1989
1990
—PITTSBURGH BRANCH
Appointed by the Federal Reserve Bank
Lawrence F. Klima
Thomas G. Dove
George A. Davidson, Jr.
Stephen C. Hansen
President, The First National Bank of Pennsylvania, Erie, Pennsylvania
Chairman of the Executive Committee and Chief Executive Officer, Wheeling Dollar Bank, Wheeling, West Virginia
Chairman and Chief Executive Officer, Consolidated Natural Gas Company, Pittsburgh, Pennsylvania
President and Chief Executive Officer, Dollar Bank, F.S.B., Pittsburgh, Pennsylvania
Appointed by the Board of Governors
James E. Haas
Karl M. von der Hey den
Milton A. Washington
President and Chief Operating Officer, National Intergroup, Inc., Pittsburgh, Pennsylvania
Senior Vice President-Finance and Chief Financial Officer, H.J. Heinz Company, Pittsburgh, Pennsylvania
President and Chief Executive Officer, Allegheny Housing Rehabilitation Corporation, Pittsburgh, Pennsylvania
1988
1989
1990
1990
1988
1989
1990
DISTRICT 5—RICHMOND
Class A
K. Donald Menefee
Chester A. Duke
John F. McNair III
Chairman of the Board and Chief Executive Officer, Madison 1988 National Bank, and Chairman of the Board and President, James Madison Limited, Washington, D.C.
President and Chief Executive Officer, Marion National Bank, 1989 Marion, South Carolina
President and Chief Executive Officer, Wachovia Bank and Trust 1990 Company, N.A., and The Wachovia Corporation, Winston-Salem, North Carolina
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1988
Directors of Federal Reserve Banks and Branches 349
DISTRICT 5—Continued
Class B Edward H. Covell Thomas B. Cookerly
Jack C. Smith
Class C Robert A. Georgine
Leroy T. Canoles, Jr. Hanne M. Merriman
President, The Covell Company, Easton, Maryland President, Broadcast Division, Allbritton Communications,
Washington, D.C. Chairman of the Board and Chief Executive Officer, K-VA-T Food
Stores, Inc., Grundy, Virginia
President, Building and Construction Trades Department, AFL-CIO, Washington, D.C.
President, Kaufman and Canoles, Norfolk, Virginia President and Chief Executive Officer, Honeybee, Inc.,
New York, New York
Term expires
Dec. 31
1988 1989
1990
1988
1989 1990
—BALTIMORE BRANCH Appointed by the Federal Reserve Bank
H. Grant Hathaway
Joseph W. Mosmiller
Charles W. Hoff III
Raymond V. Haysbert, Sr.
Chairman of the Board, Equitable Bank, N.A., Baltimore, 1988 Maryland
Chairman of the Board, Loyola Federal Savings and Loan 1988 Association, Baltimore, Maryland
President and Chief Executive Officer, Farmers and Mechanics 1989 National Bank, Frederick, Maryland
President and Chief Executive Officer, Parks Sausage Company, 1990 Baltimore, Maryland
Appointed by the Board of Governors Thomas R. Shelton President, Case Foods, Inc., Salisbury, Maryland 1988 John R. Hardesty, Jr. President, Preston Energy, Inc., Kingwood, West Virginia 1989 Gloria L. Johnson Regional Vice President and Director of Stores, Bloomingdale's 1990
Department Stores, Kensington, Maryland
—CHARLOTTE BRANCH
Appointed by the Federal Reserve Bank J. Donald Collier President and Chief Executive Officer, Orangeburg National Bank, 1988
Orangeburg, South Carolina James G. Lindley Chairman and Chief Executive Officer, South Carolina National 1988
Corporation, and Chairman, President, and Chief Executive Officer, The South Carolina National Bank, Columbia, South Carolina
John A. Hardin Chairman of the Board and President, First Federal Savings Bank, 1989 Rock Hill, South Carolina
James M. Culberson, Jr. Chairman and President, The First National Bank of Randolph 1990 County, Asheboro, North Carolina
Appointed by the Board of Governors G. Alex Bernhardt President, Bernhardt Industries, Inc., Lenoir, North Carolina 1988 Anne M. Allen Vice President and General Manager, Merrill Lynch Realty, 1989
Greensboro, North Carolina William E. Masters President, Perception, Inc., Easley, South Carolina 1990
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1988
350 Federal Reserve Bulletin • May 1988
DISTRICT 6—ATLANTA
Class A
Virgil H. Moore, Jr.,
Mary W. Walker
E.B. Robinson, Jr.
Class B
Bernard F. Sliger Paul W. Green
Gary J. Chouest
Class C
Chairman and Chief Executive Officer, First Farmers and Merchants National Bank, Columbia, Tennessee
Vice Chairman, The National Bank of Walton County, Monroe, Georgia
Chairman and Chief Executive Officer, Deposit Guaranty National Bank and Deposit Guaranty Corporation, Jackson, Mississippi
President, Florida State University, Tallahassee, Florida President and Chief Executive Officer, American Cast Iron Pipe
Company, Birmingham, Alabama President, Edison Chouest Offshore, Inc., Galliano, Louisiana
Term expires
Dec. 31
1988
1989
1990
1988 1989
1990
Larry L. Prince President and Chief Operating Officer, Genuine Parts Company, 1988 Atlanta, Georgia
Bradley Currey, Jr. President, Rock-Tenn Company, Norcross, Georgia 1989 Edwin A. Huston Senior Executive Vice President-Finance, Ryder System, Inc., 1990
Miami, Florida
—BIRMINGHAM BRANCH
Appointed by the Federal Reserve Bank
William F. Childress President, First American Federal Savings and Loan Association, Huntsville, Alabama
1988
Milton A. Wendland Owner-Operator, Autauga Farming Company, Autaugaville, Alabama
1988
John H. Newman President and Chief Executive Officer, First National Bank of Scottsboro, Scottsboro, Alabama
1989
Harry B. Brock, Jr. Chairman and Chief Executive Officer, Central Bank of the South, Birmingham, Alabama
1990
Appointed by the Board of Governors
Roy D. Terry President and Chief Executive Officer, Terry Manufacturing 1988 Company, Inc., Roanoke, Alabama
Nelda P. Stephenson President, Nelda Stephenson Chevrolet, Inc., Florence, Alabama 1989 A.G. Trammell President, Alabama Labor Council, AFL-CIO, Birmingham, 1990
Alabama
—JACKSONVILLE BRANCH
Appointed by the Federal Reserve Bank
Robert R. Deison Chairman of the Board and President, Andrew Jackson State 1988 Savings and Loan Association, Tallahassee, Florida
George W. Gibbs III President, Atlantic Dry Dock Corporation, Jacksonville, Florida 1988 A. Bronson Thayer Chairman and Chief Executive Officer, First Florida Banks, Inc., 1989
Tampa, Florida Buell G. Duncan, Jr. Chairman, President, and Chief Executive Officer, Sun Bank, 1990
N.A., Orlando, Florida
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1988
Directors of Federal Reserve Banks and Branches 351
DISTRICT 6—Continued Term
—JACKSONVILLE BRANCH—Continued ^xpire3
s, Dec. 31 Appointed by the Board of Governors
E. William Nash, Jr. President, South-Central Operations, The Prudential Insurance 1988 Company of America, Jacksonville, Florida
Saundra H. Gray Co-Owner, Gemini Springs Farm, DeBary, Florida 1989 Vacancy 1990
—MIAMI BRANCH
Appointed by the Federal Reserve Bank
William H. Losner President and Chief Executive Officer, The First National Bank of 1988 Homestead, Homestead, Florida
James H. Robinson President, Sun Bank/South Florida, N.A., Fort Lauderdale, 1989 Florida
Robert M. Taylor Chairman and Chief Executive Officer, The Mariner Group, Inc., 1990 Fort Myers, Florida
Frederick A. Teed President and Chief Executive Officer, Community Savings, F.A., 1990 Riviera Beach, Florida
Appointed by the Board of Governors
Sue McCourt Cobb Attorney, Greenberg, Traurig, Askew, Hoffman, Lipoff, Rosen, 1988 and Quentel, P.A., Miami, Florida
Jose L. Saumat President, Kaufman and Roberts, Inc., Miami, Florida 1989 Robert D. Apelgren President, Apelgren Corporation, Pahokee, Florida 1990
—NASHVILLE BRANCH
Appointed by the Federal Reserve Bank
W.L. Calloway, Jr. Chairman, Quality Lawn Systems, Inc., Nashville, Tennessee 1988 Shirley A. Zeitlin President, Shirley Zeitlin and Co. Realtors, Nashville, Tennessee 1988 Vacancy 1989 Lawrence A. Roseberry Chairman, First National Bank and Trust Company, and Chairman 1990
and Chief Executive Officer, First Franklin Bancshares, Inc., Athens, Tennessee
Appointed by the Board of Governors
Condon S. Bush President, Bush Brothers and Company, Dandridge, Tennessee 1988 Patsy R. Williams Partner, Rhyne Lumber Company, Newport, Tennessee 1989 Vacancy 1990
—NEW ORLEANS BRANCH
Appointed by the Federal Reserve Bank
Alan R. Barton President and Chief Executive Officer, Mississippi Power Company, Gulfport, Mississippi
1988
Robert M. Shofstahl President and Chief Executive Officer, Pelican Homestead and Savings Association, Metairie, Louisiana
1988
Robert S. Gaddis President and Chief Executive Officer, Trustmark National Bank, Laurel, Mississippi
1989
Ronald M. Boudreaux President and Chief Executive Officer, First National Bank of St. Landry Parish, Opelousas, Louisiana
1990
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1988
352 Federal Reserve Bulletin • May 1988
DISTRICT 6—Continued Term —NEW ORLEANS BRANCH—Continued *xpir1s, Dec. 31
Appointed by the Board of Governors
Sharon A. Perlis President, Sharon A. Perlis, (APLC), Metairie, Louisiana 1988 James A. Hefner President, Jackson State University, Jackson, Mississippi 1989 Caroline G. Theus President, Inglewood Land and Development Company, 1990
Alexandria, Louisiana
DISTRICT 7—CHICAGO
Class A
John W. Gabbert
B.F. Backlund
Barry F. Sullivan
Class B
Max J. Nay lor Paul J. Schierl
Edward D. Powers
President and Chief Executive Officer, First of America Bank- 1988 La Porte, N.A., La Porte, Indiana
President and Chief Executive Officer, Bartonville Bank, 1989 Bartonville, Illinois
Chairman of the Board and Chief Executive Officer, First National 1990 Bank of Chicago, Chicago, Illinois
Farmer, Jefferson, Iowa 1988 President and Chief Executive Officer, Fort Howard Paper 1989
Company, Green Bay, Wisconsin Chairman of the Board, Mueller Company, Decatur, Illinois 1990
Class C
Charles S. McNeer
Robert J. Day
Marcus Alexis
Chairman of the Board and Chief Executive Officer, Wisconsin 1988 Electric Power Company, Milwaukee, Wisconsin
Chairman and Chief Executive Officer, USG Corporation, Chicago, 1989 Illinois
Dean, College of Business Administration, University of Illinois at 1990 Chicago, Chicago, Illinois
—DETROIT BRANCH
Appointed by the Federal Reserve Bank
Donald R. Mandich Chairman and Chief Executive Officer, Comerica Bank-Detroit, 1988 Detroit, Michigan
Ronald D. Story Chairman and President, The Ionia County National Bank of Ionia, 1989 Ionia, Michigan
James A. Aliber Chairman of the Board and Chief Executive Officer, First Federal 1990 of Michigan, Detroit, Michigan
Frederik G.H. Meijer Chairman of the Board, Meijer, Inc., Grand Rapids, Michigan 1990
Appointed by the Board of Governors
Phyllis E. Peters Director, Professional Standards Review, Touche Ross and 1988 Company, Detroit, Michigan
Richard T. Lindgren President and Chief Executive Officer, Cross and Trecker 1989 Corporation, Bloomfield Hills, Michigan
Beverly Beltaire President, P R Associates, Inc., Detroit, Michigan 1990
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1988
Directors of Federal Reserve Banks and Branches 353
DISTRICT 8—ST. LOUIS
Class A
Robert E. Menz
David W. Kemper II
H.L. Hembree III
Class B
Robert J. Sweeney Frank M. Mitchener, Jr. Roger W. Schipke
Chairman of the Board and President, The First National Bank of Highland, Highland, Illinois
Chairman and Chief Executive Officer, Commerce Bank of St. Louis, N.A., Clayton, Missouri, and President and Chief Executive Officer, Commerce Bancshares, Inc., Kansas City, Missouri
Chairman of the Board and Chief Executive Officer, Arkansas Best Corporation, Fort Smith, Arkansas
Consultant, Murphy Oil Corporation, El Dorado, Arkansas President, Mitchener Farms, Inc., Sumner, Mississippi Senior Vice President, GE Appliances, General Electric Company,
Louisville, Kentucky
Class C
Robert L. Virgil, Jr.
H. Edwin Trusheim
Janet McAfee Weakley
—LITTLE ROCK BRANCH
Appointed by the Federal Reserve Bank
Robert C. Connor, Jr.
Dean, John M. Olin School of Business, Washington University in St. Louis, St. Louis, Missouri
Chairman, President, and Chief Executive Officer, General American Life Insurance Company, St. Louis, Missouri
President, Janet McAfee, Inc., Clayton, Missouri
Patricia M. Townsend David Armbruster
W. Wayne Hartsfield
President, Union National Bank of Little Rock, Little Rock, Arkansas
President, Townsend Company, Stuttgart, Arkansas President, First America Federal Savings Bank,
Fort Smith, Arkansas President and Chief Executive Officer, First National Bank,
Searcy, Arkansas
Appointed by the Board of Governors
James R. Rodgers
L. Dickson Flake
William E. Love
Airport Manager, Little Rock Regional Airport, Little Rock, Arkansas
President, Barnes, Quinn, Flake and Anderson, Inc., Little Rock, Arkansas
President, Sound-Craft Systems, Inc., Morrilton, Arkansas
—LOUISVILLE BRANCH
Appointed by the Federal Reserve Bank
Allan S. Hanks Morton Boyd
Irving W. Bailey II
Wayne G. Overall, Jr.
Director, The Anderson National Bank, Lawrenceburg, Kentucky President, First Kentucky National Corporation, Louisville,
Kentucky President and Chief Operating Officer, Capital Holding
Corporation, Louisville, Kentucky President, First Federal Savings Bank, Elizabethtown, Kentucky
Term expires
Dec. 31
1988
1989
1990
1988 1989 1990
1988
1989
1990
1988
1989 1990
1990
1988
1989
1990
1988
1989
1990
1990
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354 Federal Reserve Bulletin • May 1988
DISTRICT 8—Continued TERM expires
—LOUISVILLE BRANCH—Continued DEC. n
Appointed by the Board of Governors
Lois H. Gray Chairman of the Board, James N. Gray Construction Company, 1988 Inc., Glasgow, Kentucky
Thomas A. Alvey Delegate, Owensboro Council of Labor, Owensboro, Kentucky 1989 Raymond M. Burse President, Kentucky State University, Frankfort, Kentucky 1990
—MEMPHIS BRANCH
Appointed by the Federal Reserve Bank
William H. Brandon, Jr. President, First National Bank of Phillips County, 1988 Helena, Arkansas
Michael J. Hennessey President, Munro and Company, Inc., Wynne, Arkansas 1989 Thomas M. Garrott President and Chief Operating Officer, National Bank of Commerce 1990
and National Commerce Bancorporation, Memphis, Tennessee Larry A. Watson Chairman of the Board and President, Liberty Federal Savings 1990
Bank, Paris, Tennessee
Appointed by the Board of Governors
Katherine Hinds Smythe Sandra B. Sanderson
Seymour B. Johnson
President, Memorial Park, Inc., Memphis, Tennessee President and Chief Executive Officer, Sanderson Plumbing
Products, Inc., Columbus, Mississippi Owner, Kay Planting Company, Indianola, Mississippi
1988 1989
1990
DISTRICT 9—MINNEAPOLIS
Class A
Duane W. Ring Charles W. Ekstrum
Joel S. Harris
Class B
Richard L. Falconer Bruce C. Adams Earl R. St. John, Jr.
Class C
John A. Rollwagen
Michael W. Wright
Delbert W. Johnson
President, Norwest Bank La Crosse, N.A., La Crosse, Wisconsin 1988 President and Chief Executive Officer, First National Bank, Philip, 1989
South Dakota President, Yellowstone Holding Company, Columbus, Montana 1990
District Staff Manager, Northwestern Bell, Minneapolis, Minnesota 1988 Partner, Triple Adams Farms, Lansford, North Dakota 1989 President and Owner, St. John Forest Products, Inc., Spalding, 1990
Michigan
Chairman and Chief Executive Officer, Cray Research Inc., 1988 Minneapolis, Minnesota
Chairman and Chief Executive Officer, Super Valu Stores, Inc., 1989 Minneapolis, Minnesota
President and Chief Executive Officer, Pioneer/Norelkote, 1990 Minneapolis, Minnesota
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Directors of Federal Reserve Banks and Branches 355
DISTRICT 9—Continued
—HELENA BRANCH Appointed by the Federal Reserve Bank
Noble E. Vosburg
Robert H. Waller
F. Charles Mercord
President and Chief Executive Officer, Pacific Hide and Fur Corporation, Great Falls, Montana
President and Chief Executive Officer, First Interstate Bank of Billings, N.A., Billings, Montana
President and Managing Officer, First Federal Savings Bank of Montana, Kalispell, Montana
Appointed by the Board of Governors
Marcia S. Anderson
Warren H. Ross
President, Bridger Canyon Stallion Station, Inc., Bozeman, Montana
President, Ross 8-7 Ranch, Inc., Chinook, Montana
Term expires
Dec. 31
1988
1988
1989
1988
1989
DISTRICT 10—KANSAS CITY
Class A
Robert L. Hollis
Harold L. Gerhart, Jr.
Roger L. Reisher
Class B
Jerry D. Geist
Richard D. Harrison
S. Dean Evans, Sr.
Class C
Irvine O. Hockaday, Jr.
Fred W. Lyons, Jr.
Thomas E. Rodriguez
Chairman of the Board and Chief Executive Officer, First National Bank and Trust Co., Okmulgee, Oklahoma
President and Chief Executive Officer, First National Bank, Newman Grove, Nebraska
Co-Chairman, FirstBank Holding Company of Colorado, Lakewood, Colorado
Chairman and President, Public Service Company of New Mexico, Albuquerque, New Mexico
Chairman and Chief Executive Officer, Fleming Companies, Inc., Oklahoma City, Oklahoma
Partner, Evans Grain Company, Salina, Kansas
President and Chief Executive Officer, Hallmark Cards, Inc., Kansas City, Missouri
President and Chief Executive Officer, Marion Laboratories, Inc., Kansas City, Missouri
President and General Manager, Thomas E. Rodriguez and Associates, P.C., Aurora, Colorado
—DENVER BRANCH
Appointed by the Federal Reserve Bank
George S. Jenks
W. Richard Scarlett III Henry A. True III Junius F. Baxter
President and Chief Executive Officer, Sunwest Financial Services, Inc., Albuquerque, New Mexico
President, Jackson State Bank, Jackson Hole, Wyoming Partner, True Companies, Casper, Wyoming Chairman of the Board and Chief Executive Officer, Bank Western
Federal Savings Bank, Denver, Colorado
1988
1989
1990
1988
1989
1990
1988
1989
1990
1988
1988 1989 1990
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356 Federal Reserve Bulletin • May 1988
DISTRICT 10—Continued —DENVER BRANCH—Continued
Appointed by the Board of Governors
Anthony W. Williams
James C. Wilson Gilbert Sanchez
Attorney, Williams, Turner, and Holmes, P.C., Grand Junction, Colorado
Management Consultant, Longmont, Colorado President, New Mexico Highlands University, Las Vegas,
New Mexico
—OKLAHOMA CITY BRANCH
Appointed by the Federal Reserve Bank
William O. Alexander
W. Dean Hidy William H. Crawford
Chairman, Continental Federal Savings and Loan Association, Oklahoma City, Oklahoma
Chairman of the Board, Triad Bank, N.A., Tulsa, Oklahoma Chairman and Chief Executive Officer, First National Bank and
Trust Company, Frederick, Oklahoma
Appointed by the Board of Governors
John F. Snodgrass
Patience S. Latting
—OMAHA BRANCH
Appointed by the Federal Reserve Bank
John R. Cochran
John T. Selzer
Charles H. Thorne
President and Trustee, The Samuel Roberts Noble Foundation, Inc., Ardmore, Oklahoma
Oklahoma City, Oklahoma
President and Chief Executive Officer, Norwest Bank Nebraska, N.A., Omaha, Nebraska
President, Scottsbluff National Bank and Trust Company, Scottsbluff, Nebraska
Chairman of the Board and Chief Executive Officer, First Federal Savings and Loan Association of Lincoln, Lincoln, Nebraska
Appointed by the Board of Governors
Janice D. Stoney
Kenneth L. Morrison
President and Chief Executive Officer, Northwestern Bell Telephone Company, Omaha, Nebraska
President, Morrison Enterprises, Hastings, Nebraska
Term expires
Dec. 31
1988
1989 1990
1988
1988 1989
1988
1989
1988
1989
1989
1988
1989
DISTRICT 11—DALLAS
Class A
Charles T. Doyle Chairman and Chief Executive Officer, Gulf National Bank, 1988 Texas City, Texas
Robert G. Greer Chairman of the Board, Tanglewood Bank, N.A., Houston, Texas 1989 T. C. Frost Chairman of the Board, The Frost National Bank, San Antonio, 1990
Texas
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Directors of Federal Reserve Banks and Branches 357
DISTRICT 11—Continued
Class B
Robert Ted Enloe III
Gary E. Wood
Robert L. Pfluger
Class C
Hugh G. Robinson Leo E. Linbeck, Jr.
Bobby R. Inman
President, Lomas and Nettleton Financial Corporation, Dallas, Texas
Director of Governmental Relations, Baylor University, Waco, Texas
Rancher, San Angelo, Texas
President, Cityplace Development Corporation, Dallas, Texas Chairman and Chief Executive Officer, Linbeck Construction
Corporation, Houston, Texas Chairman of the Board and Chief Executive Officer, Westmark
Systems Inc., Austin, Texas
Term expires
Dec. 31
1988
1989
1990
1988 1989
1990
—EL PASO BRANCH
Appointed by the Federal Reserve Bank
Humberto F. Sambrano Partner, Urban General Contractors, Inc., El Paso, Texas 1988 David L. Stone President, The Portales National Bank, Portales, New Mexico 1989 Henry B. Ellis President, MBank El Paso, N.A., El Paso, Texas 1990 Ethel Ortega Olson Chairman of the Board and Chief Executive Officer, Otero Savings 1990
and Loan Association, Alamogordo, New Mexico
Appointed by the Board of Governors
Peyton Yates President, Yates Drilling Company, Artesia, New Mexico 1988 John R. Sibley President, Tri-Mountain Enterprises, Carlsbad, New Mexico 1989 Diana S. Natalicio Interim President and Vice President for Academic Affairs, 1990
The University of Texas at El Paso, El Paso, Texas
—HOUSTON BRANCH
Appointed by the Federal Reserve Bank
Jeff Austin, Jr. President, First National Bank of Jacksonville, Jacksonville, Texas 1988 Jenard M. Gross Chairman of the Board and Chief Executive Officer, United 1989
Savings Association of Texas, Houston, Texas Clive Runnells President and Director, Runnells Cattle Company, Bay City, Texas 1990 David E. Sheffield Director, First Victoria National Bank, Victoria, Texas 1990
Appointed by the Board of Governors
Gilbert D. Gaedcke, Jr.
Walter M. Mischer, Jr. Andrew L. Jefferson, Jr.
Chairman of the Board and Chief Executive Officer, Gaedcke Equipment Company, Houston, Texas
President, The Mischer Corporation, Houston, Texas Attorney, Jefferson, Mims, and Plummer, Houston, Texas
1988
1989 1990
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358 Federal Reserve Bulletin • May 1988
DISTRICT 11—Continued
—SAN ANTONIO BRANCH
Appointed by the Federal Reserve Bank
Jane Flato Smith C. Ivan Wilson
Robert T. Rork
Sam R. Sparks
Investor and Rancher, San Antonio, Texas Chairman of the Board and Chief Executive Officer, First City
Bank of Corpus Christi, Corpus Christi, Texas Chairman of the Board and Chief Executive Officer, First
RepublicBank Austin, Austin, Texas President, Sam R. Sparks, Inc., Progreso, Texas
Term expires
Dec. 31
1988
1989
1990
1990
Appointed by the Board of Governors
Robert F. McDermott Chairman of the Board and President, United Services Automobile 1988 Association, San Antonio, Texas
Lawrence E. Jenkins Vice President, Austin Division, Lockheed Missiles and Space Co., 1989 Inc., Austin, Texas
Ruben M. Garcia Chief Executive Officer, Modern Machine Shop, Inc., Laredo, 1990 Texas
DISTRICT 12—SAN FRANCISCO
Class A
Spencer F. Eccles Chairman and Chief Executive Officer, First Security Corporation, 1988 Salt Lake City, Utah
Rayburn S. Dezember Chairman, President, and Chief Executive Officer, Central Pacific 1989 Corporation, and Chairman, American National Bank, Bakersfield, California
R. Blair Hawkes President and Chief Executive Officer, Ireland Bank, Malad City, 1990 Idaho
Class B
Togo W. Tanaka Chairman, Gramercy Enterprises, Inc., Los Angeles, California 1988 John C. Hampton President, Willamina Lumber Company, Portland, Oregon 1989 John N. Nordstrom Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington 1990
Class C
Carolyn S. Chambers
Robert F. Erburu
Cordell W. Hull
President and Chief Executive Officer, Chambers Communications 1988 Corporation, Eugene, Oregon
Chairman of the Board and Chief Executive Officer, The Times 1989 Mirror Company, Los Angeles, California
Executive Vice President and Director, Bechtel Group, Inc., 1990 San Francisco, California
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Directors of Federal Reserve Banks and Branches 359
Term expires
Dec. 31
Appointed by the Federal Reserve Bank
DISTRICT 12—Continued —Los ANGELES BRANCH
Howard C. McCrady
William L. Tooley
Fred D. Jensen
Ross M. Blakely
Chairman of the Board and Chief Executive Officer (Retired), 1988 Valley National Bank of Arizona, Phoenix, Arizona
Chairman, Tooley and Company, Investment Builders, 1988 Los Angeles, California
Chairman of the Board, President, and Chief Executive Officer, 1989 National Bank of Long Beach, Long Beach, California
Chairman of the Executive Committee of the Board, Coast Savings 1990 and Loan, Los Angeles, California
Appointed by the Board of Governors
Thomas R. Brown, Jr. Chairman of the Board, Burr-Brown Corporation, Tucson, Arizona 1988 Yvonne Brathwaite Burke Partner, Jones, Day, Reavis and Pogue, Los Angeles, California 1989 Richard C. Seaver Chairman, Hydril Company, Los Angeles, California 1990
—PORTLAND BRANCH
Appointed by the Federal Reserve Bank
Herman C. Bradley, Jr.
Wayne E. Phillips, Jr. Stephen G. Kimball
G. Dale Weight
President and Chief Executive Officer (Retired), Tri-County 1988 Banking Company, Junction City, Oregon
Vice President, Phillips Ranch, Inc., Baker, Oregon 1989 President and Chief Executive Officer, Baker Boyer Bancorp, 1990
Walla Walla, Washington Chairman of the Board and Chief Executive Officer, Benjamin 1990
Franklin Savings and Loan Association, Portland, Oregon
Appointed by the Board of Governors
G. Johnny Parks Former Northwest Regional Director, International 1988 Longshoremen's and Warehousemen's Union, Portland, Oregon
Paul E. Bragdon President, Reed College, Portland, Oregon 1989 Sandra A. Suran Small Business Advocate, Oregon Economic Development 1990
Department, Salem, Oregon
—SALT LAKE CITY BRANCH
Appointed by the Federal Reserve Bank
Gerald R. Ghristensen
Ronald S. Hanson Curtis H. Eaton
Virginia P. Kelson
Chairman and President, First Federal Savings and Loan 1988 Association, Salt Lake City, Utah
President, Zions First National Bank, Salt Lake City, Utah 1989 President and Vice Chairman of the Board, Twin Falls Bank and 1990
Trust Company, Twin Falls; Idaho Executive Director, Phoenix Institute, Salt Lake City, Utah 1990
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360 Federal Reserve Bulletin • May 1988
DISTRICT 12—Continued Term
—SALT LAKE CITY BRANCH—Continued DEC™
Appointed by the Board of Governors
D.N. Rose President and Chief Executive Officer, Mountain Fuel Supply 1988 Company, Salt Lake City, Utah
Robert N. Pratt President and Chief Operating Officer, Bonneville Pacific 1989 Corporation, Salt Lake City, Utah
Don M. Wheeler President, Wheeler Machinery Company, Salt Lake City, Utah 1990
—SEATTLE BRANCH
Appointed by the Federal Reserve Bank
W.W. Philip Chairman of the Board, President, and Chief Executive Officer, 1988 Puget Sound Bancorp, Tacoma, Washington
H.H. Larison President, Columbia Paint and Coatings, Spokane, Washington 1989 B.R. Beeksma Chairman of the Board and Chief Executive Officer, InterWest 1990
Savings Bank, Oak Harbor, Washington William S. Randall Chairman, President, and Chief Executive Officer, First Interstate 1990
Bank of Washington, N.A., Seattle, Washington
Appointed by the Board of Governors
Byron I. Mallott Chief Executive Officer, Sealaska Corporation, Juneau, Alaska 1988 Carol A. Nygren Partner, Laventhol and Horwath, Seattle, Washington 1989 lima Goertzen Administrator, University Hospital, University of Washington, 1990
Seattle, Washington
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407
Directors of Federal Reserve Banks and Branches
Regional decentralization and a combination of governmental and private characteristics are im-portant hallmarks of the uniqueness of the Fed-eral Reserve System. Under the Federal Reserve Act, decentralization was achieved by division of the country into 12 Federal Reserve Districts and the establishment in each District of a separately incorporated Federal Reserve Bank with its own board of directors. The member banks in each District own the stock of their Reserve Bank and elect a majority of the board of directors of that Bank. The Board of Governors, an agency of the federal government, exercises general supervi-sion over the Reserve Banks and appoints a minority of each board of directors of the Re-serve Banks and their Branches. Thus, the Fed-eral Reserve relies importantly in the conduct of the System's affairs on the regional participation and counsel of the directors of the Federal Re-serve Banks and Branches.
The following list of directors of Federal Re-serve Banks and Branches shows for each direc-tor the class of directorship, the principal busi-ness affiliation, and the date the current term expires. Each Federal Reserve Bank has nine members on its board of directors: the member banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. Directors are chosen without discrimination as to race, creed, color, sex, or national origin.
DISTRICT 1—BOSTON
Class A
Class A directors of each Reserve Bank repre-sent the stockholding member banks of the Fed-eral Reserve District. Class B and Class C direc-tors represent the public and are chosen with due, but not exclusive, consideration to the in-terests of agriculture, commerce, industry, ser-vices, labor, and consumers; they may not be officers, directors, or employees of any bank. In addition, Class C directors may not be stockhold-ers of any bank. The Board of Governors desig-nates annually one Class C director as chairman of the board of directors of each District Bank and designates another Class C director as dep-uty chairman.
Each of the 25 Branches of the Federal Re-serve Banks has a board of either seven or five directors, a majority of whom are appointed by the parent Federal Reserve Bank; the others are appointed by the Board of Governors. One of the Board's appointees is designated annually as chairman of the board of that Branch in a manner prescribed by the parent Federal Reserve Bank.
The names of the chairman and deputy chair-man of the Board of directors of each Reserve Bank and of the chairman of each Branch are published monthly in the F E D E R A L RESERVE
BULLETIN. 1
1. The current list appears on page A85 of this BULLETIN.
Term expires Dec.31
Joel B. Alvord Chairman and Chief Executive Officer, Shawmut National 1989 Corporation, Hartford, Connecticut
Richard D. Wardell President and Chief Executive Officer, National Iron Bank of 1990 Salisbury, Salisbury, Connecticut
William H. Chadwick President and Chief Executive Officer, The Howard Bank, N.A., 1991 Burlington, Vermont
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408 Federal Reserve Bulletin • May 1989
DISTRICT 1—Continued
Class B
Richard M. Oster
Stephen R. Levy
Edward H. Ladd
Class C Richard N. Cooper
Richard L. Taylor George N. Hatsopoulos
President and Chief Executive Officer, Cookson America, Inc., Providence, Rhode Island
Chairman and Chief Executive Officer, Bolt Beranek and Newman, Inc., Cambridge, Massachusetts
President and Chief Executive Officer, Standish, Ayer and Wood, Inc., Boston, Massachusetts
Maurits C. Boas Professor of International Economics, Harvard University, Cambridge, Massachusetts
President, Taylor Properties, Inc., Boston, Massachusetts Chairman of the Board and President, Thermo Electron
Corporation, Waltham, Massachusetts
Term expires
Dec. 31
1989
1990
1991
1989
1990 1991
DISTRICT 2—NEW YORK
Class A
Alberto M. Paracchini
J. Kirby Fowler
John F. McGillicuddy
Class B John A. Georges
John F. Welch, Jr. Richard L. Gelb
Class C
Cyrus R. Vance
Ellen V. Futter
Maurice R. Greenberg
Chairman of the Board and President, Banco de Ponce, 1989 Ponce, Puerto Rico
President and Chief Executive Officer, The Flemington National 1990 Bank and Trust Company, Flemington, New Jersey
Chairman of the Board and Chief Executive Officer, Manufacturers 1991 Hanover Trust Company, New York, New York
Chairman and Chief Executive Officer, International Paper, 1989 New York, New York
Chairman and Chief Executive Officer, GE, Fairfield, Connecticut 1990 Chairman and Chief Executive Officer, Bristol-Myers Company, 1991
New York, New York
Presiding Partner, Simpson Thacher and Bartlett, 1989 New York, New York
President, Barnard College, Columbia University, 1990 New York, New York
President and Chief Executive Officer, American International 1991 Group, Inc., New York, New York
-BUFFALO BRANCH
Appointed by the Federal Reserve Bank Harry J. Sullivan Norman W. Sinclair
Richard H. Popp Robert G. Wilmers
President, Salamanca Trust Company, Salamanca, New York 1989 Chairman and Chief Executive Officer, Lockport Savings Bank, 1990
Lockport, New York Operating Partner, Southview Farm, Castile, New York 1991 Chairman and Chief Executive Officer, Manufacturers and Traders 1991
Trust Company, Buffalo, New York
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Directors of Federal Reserve Banks and Branches 409
DISTRICT 2—Continued Term expires
BUFFALO BRANCH—Continued Dec~ 31
Appointed by the Board of Governors Matthew Augustine President and Chief Executive Officer, Eltrex Industries, Inc., 1989
Rochester, New York Paul E. McSweeney Executive Vice President, United Food and Commercial Workers, 1990
District Union Local One, AFL-CIO, Amherst, New York Mary Ann Lambertsen Vice President, Human Resources, The Quaker Oats Company, 1991
Fisher-Price Division, East Aurora, New York
DISTRICT 3—PHILADELPHIA
Class A George A. Butler Chairman and Chief Executive Officer, First Pennsylvania Bank, 1989
N.A., Philadelphia, Pennsylvania Constantinos I. Costalas Chairman, President, and Chief Executive Officer, Glendale National 1990
Bank of New Jersey, Voorhees, New Jersey Gary E. Burl President, Delaware National Bank, Georgetown, Delaware 1991
Class B Carl E. Singley Charles F. Seymour Nicholas Riso
Partner, White, McClelland and Singley, Philadelphia, Pennsylvania 1989 Chairman, Jackson-Cross Company, Philadelphia, Pennsylvania 1990 Executive Vice President, AHOLD, U.S.A., 1991
Harrisburg, Pennsylvania
Class C
Peter A. Benoliel
Jane G. Pepper
Gunnar E. Sarsten
Chairman of the Board, Quaker Chemical Corporation, 1989 Conshohocken, Pennsylvania
President, The Pennsylvania Horticultural Society, 1990 Philadelphia, Pennsylvania
Chairman, President, and Chief Executive Officer, United Engineers 1991 and Constructors, Inc., Philadelphia, Pennsylvania
DISTRICT 4—CLEVELAND
Class A
Frank Wobst
William H. May
William T. McConnell
Chairman and Chief Executive Officer, Huntington Bancshares 1989 Incorporated, Columbus, Ohio
Chairman and President, First National Bank of Nelsonville, 1990 Nelsonville, Ohio
President, The Park National Bank, Newark, Ohio 1991
Class B Laban P. Jackson, Jr. Verna K. Gibson Daniel M. Galbreath
Chairman of the Board, Clearcreek Properties, Lexington, Kentucky 1989 President, The Limited Stores, Inc., Columbus, Ohio 1990 President, John W. Galbreath and Company, Columbus, Ohio 1991
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410 Federal Reserve Bulletin • May 1989
DISTRICT 4—Continued Term expires
Class C Dec• 31
Charles W. Parry Director and Retired Chairman and Chief Executive Officer, 1989 Aluminum Company of America, Pittsburgh, Pennsylvania
Robert D. Storey Partner, Burke, Haber and Berick, Cleveland, Ohio 1990 John R. Miller Former President and Chief Operating Officer, The Standard Oil 1991
Company (Ohio), Cleveland, Ohio
—CINCINNATI BRANCH
Appointed by the Federal Reserve Bank Robert M. Duncan President, First National Bank of Louisa, Louisa, Kentucky 1989 Jack W. Buchanan President, Sphar and Company, Inc., Winchester, Kentucky 1990 Jerry L. Kirby Chairman of the Board, President, and Chief Executive Officer, 1990
Citizens Federal Savings and Loan Association, Dayton, Ohio Allen L. Davis President and Chief Executive Officer, The Provident Bank, 1991
Cincinnati, Ohio Appointed by the Board of Governors
Owen B. Butler Chairman of the Board (Retired), The Procter and Gamble 1989 Company, Cincinnati, Ohio
Marvin Rosenberg Partner, Towne Properties, Ltd., Cincinnati, Ohio 1990 Kate Ireland National Chairman, Frontier Nursing Service, Wendover, Kentucky 1991
-PITTSBURGH BRANCH
Appointed by the Federal Reserve Bank Thomas G. Dove Chairman of the Executive Committee and Chief Executive Officer, 1989
Wheeling Dollar Bank, Wheeling, West Virginia George A. Davidson, Jr. Chairman and Chief Executive Officer, Consolidated Natural Gas 1990
Company, Pittsburgh, Pennsylvania President and Chief Executive Officer, Dollar Bank, F.S.B., 1990
Pittsburgh, Pennsylvania President and Chief Executive Officer, First Commonwealth 1991
Financial Corporation, Indiana, Pennsylvania Appointed by the Board of Governors
Senior Vice President-Finance, and Chief Financial Officer, 1989 H. J. Heinz Company, Pittsburgh, Pennsylvania
President and Chief Executive Officer, Allegheny Housing 1990 Rehabilitation Corporation, Pittsburgh, Pennsylvania
Chairman and Chief Executive Officer, Braishfield Associates, Inc., 1991 New York, New York
Stephen C. Hansen
E. James Trimarchi
Karl M. von der Hey den
Milton A. Washington
James E. Haas
DISTRICT 5—RICHMOND
Class A Chester A. Duke
John F. McNair III
C. R. Hill, Jr.
President and Chief Executive Officer, Marion National Bank, 1989 Marion, South Carolina
President and Chief Executive Officer, Wachovia Bank and Trust 1990 Company, N.A. and The Wachovia Corporation, Winston-Salem, North Carolina
Chairman and President, M & M Financial Corporation and 1991 Merchants & Miners National Bank, Oak Hill, West Virginia
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Directors of Federal Reserve Banks and Branches 411
DISTRICT 5—Continued
Class B
Thomas B. Cookerly
Jack C. Smith
Edward H. Covell
President, Broadcast Division, Allbritton Communications, Washington, D.C.
Chairman of the Board and Chief Executive Officer, K-VA-T Food Stores, Inc., Grundy, Virginia
President, The Covell Company, Easton, Maryland
Term expires
Dec. 31
1989
1990
1991
Class C Leroy T. Canoles, Jr. Hanne Merriman
Anne Marie Whittemore
President, Kaufman & Canoles, Norfolk, Virginia 1989 President and Chief Executive Officer, Honeybee, Inc., 1990
New York, New York Partner, McGuire, Woods, Battle, and Boothe, Richmond, Virginia 1991
—BALTIMORE BRANCH
Appointed by the Federal Reserve Bank Charles W. Hoff III
Raymond V. Haysbert, Sr.
H. Grant Hathaway Joseph W. Mosmiller
President and Chief Executive Officer, Farmers and Mechanics 1989 National Bank, Frederick, Maryland
President and Chief Executive Officer, Parks Sausage Company, 1990 Baltimore, Maryland
Chairman of the Board, Equitable Bank, N.A., Baltimore, Maryland 1991 Chairman of the Board, Loyola Federal Savings and Loan 1991
Association, Baltimore, Maryland
Appointed by the Board of Governors John R. Hardesty, Jr. President, Preston Energy, Inc., Kingwood, West Virginia 1989 Gloria L. Johnson Deputy Director of Administration, The Baltimore Museum of Art, 1990
Baltimore, Maryland Thomas R. Shelton President, Case Foods, Inc., Salisbury, Maryland 1991
—CHARLOTTE BRANCH
Appointed by the Federal Reserve Bank William McKay
James M. Culberson, Jr.
Crandall C. Bowles James G. Lindley
President, First Federal Savings Bank, Hendersonville, 1989 North Carolina
Chairman and President, The First National Bank of Randolph 1990 County, Asheboro, North Carolina
President, The Springs Company, Lancaster, South Carolina 1991 Chairman and Chief Executive Officer, South Carolina National 1991
Corporation, and Chairman, President and Chief Executive Officer, The South Carolina National Bank, Columbia, South Carolina
Appointed by the Board of Governors Anne M. Allen
William E. Masters Harold D. Kingsmore
Vice President, Allen Construction Company, Greensboro, North Carolina
President, Perception, Inc., Easley, South Carolina President and Chief Operating Officer, Graniteville Company,
Graniteville, South Carolina
1989
1990 1991
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412 Federal Reserve Bulletin • May 1989
DISTRICT 6—ATLANTA
Class A Mary W. Walker
E.B. Robinson, Jr.
Virgil H. Moore, Jr.
Class B
Paul W. Green
Gary J. Chouest
Saundra H. Gray
Term expires
Dec. 31
1989 Vice Chairman, The National Bank of Walton County, Monroe, Georgia
Chairman and Chief Executive Officer, Deposit Guaranty National 1990 Bank and Deposit Guaranty Corporation, Jackson, Mississippi
Chairman and Chief Executive Officer, First Farmers and Merchants 1991 National Bank, Columbia, Tennessee
President and Chief Executive Officer, American Cast Iron Pipe 1989 Company, Birmingham, Alabama
President and Chief Executive Officer, Edison Chouest Offshore, 1990 Inc., Galliano, Louisiana
Co-Owner, Gemini Springs Farm, DeBary, Florida 1991
Class C Bradley Currey, Jr. Edwin A. Huston
Larry L. Prince
President, Rock-Tenn Company, Norcross, Georgia Senior Executive Vice President-Finance, Ryder System, Inc.,
Miami, Florida President and Chief Operating Officer, Genuine Parts Company,
Atlanta, Georgia
-BIRMINGHAM BRANCH
Appointed by the Federal Reserve Bank President and Chief Executive Officer, First National Bank of
Scottsboro, Scottsboro, Alabama Chairman and Chief Executive Officer, Central Bank of the South,
Birmingham, Alabama Chairman, President, and Chief Executive Officer, Frit Industries,
Inc., Ozark, Alabama President, First American Federal Savings and Loan Association,
Huntsville, Alabama
John H. Newman, Jr.
Harry B. Brock, Jr.
Shelton E. Allred
William F. Childress
Appointed by the Board of Governors Nelda P. Stephenson President, Nelda Stephenson Chevrolet, Inc., Florence, Alabama A.G. Trammell President, Alabama Labor Council, AFI^CIO,
Birmingham, Alabama Roy D. Terry President and Chief Executive Officer, Terry Manufacturing
Company, Inc., Roanoke, Alabama
—JACKSONVILLE BRANCH
Appointed by the Federal Reserve Bank Chairman and Chief Executive Officer, First Florida Banks, Inc.,
Tampa, Florida Chairman and President, Barnett Bank of Central Florida, N.A.,
Orlando, Florida President and Chief Executive Officer, Suncoast Schools Federal
Credit Union, Tampa, Florida Chairman, President, and Chief Executive Officer, Design
Containers, Inc., Jacksonville, Florida
A. Bronson Thayer
Charles K. Cross, Sr.
Perry M. Dawson
Samuel H. Vickers
1989 1990
1991
1989
1990
1991
1991
1989 1990
1991
1989
1990
1991
1991
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1989
Directors of Federal Reserve Banks and Branches 413
DISTRICT 6—Continued JACKSONVILLE BRANCH—Continued Appointed by the Board of Governors
Lana Jane Lewis-Brent Vice Chairman, President, and Chief Executive Officer, Sunshine Jr. Stores, Inc., Panama City, Florida
Winnie F. Taylor Professor of Law, University of Florida, Gainesville, Florida Hugh M. Brown President and Chief Executive Officer, BAMSI, Inc., Titusville, Florida
—MIAMI BRANCH
Appointed by the Federal Reserve Bank James H. Robinson Robert M. Taylor
President, Sun Bank/South Florida, N.A., Fort Lauderdale, Florida Chairman and Chief Executive Officer, The Mariner Group, Inc.,
Fort Myers, Florida President and Chief Executive Officer, Community Savings, F.A.,
Riviera Beach, Florida Vice Chairman and Chief Financial Officer, Republic National Bank
of Miami, Miami, Florida Appointed by the Board of Governors
Jose L. Saumat Chairman, Kaufman and Roberts, Inc., Miami, Florida Robert D. Apelgren President, Apelgren Corporation, Pahokee, Florida Dorothy C. Weaver Vice President, Intercap Investments, Inc., Miami, Florida
Frederick A. Teed
Roberto G. Blanco
-NASHVILLE BRANCH
Appointed by the Federal Reserve Bank Chairman, Sovran Financial Corporation/Central South,
Nashville, Tennessee Chairman, First National Bank & Trust Company, and Chairman
and Chief Executive Officer, First Franklin Bancshares, Inc., Athens, Tennessee
Chairman and President, Southeast Services Corporation, Knoxville, Tennessee
Chairman and Chief Executive Officer, Metropolitan Federal Savings and Loan Association, Nashville, Tennessee
Appointed by the Board of Governors Patsy R. Williams Partner, Rhyne Lumber Company, Newport, Tennessee Victoria B. Jackson President and Chief Executive Officer, Diesel Sales and Service,
Inc. and Prodiesel, Inc., Nashville, Tennessee Shirley A. Zeitlin President, Shirley Zeitlin and Co., Realtors, Nashville, Tennessee
James A. Rainey
Lawrence A. Roseberry
William Baxter Lee III
Edwin W. Moats, Jr.
—NEW ORLEANS BRANCH
Appointed by the Federal Reserve Bank Robert S. Gaddis President and Chief Executive Officer, Trustmark National Bank,
Laurel, Mississippi Ronald M. Boudreaux President and Chief Executive Officer, First National Bank of St.
Landry Parish, Opelousas, Louisiana A.F. Delchamps, Jr. Chairman, President, and Chief Executive Officer, Delchamps, Inc.,
Mobile, Alabama Stanley S. Scott President, Crescent Distributing Company, Harahan, Louisiana
Term expires
Dec. 31
1989
1990 1991
1989
1990
1990
1991
1989 1990 1991
1989
1990
1991
1991
1989 1990
1991
1989
1990
1991
1991
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1989
414 Federal Reserve Bulletin • May 1989
DISTRICT 6—Continued Term expires
Appointed by the Board of Governors Dec'
James A. Hefner President, Jackson State University, Jackson, Mississippi 1989 Caroline G. Theus President, Ingle wood Land and Development Company, 1990
Alexandria, Louisiana Andre M. Rubenstein Chairman, President, and Chief Executive Officer, Rubenstein 1991
Brothers, Inc., New Orleans, Louisiana
DISTRICT 7—CHICAGO
Class A B.F. Backlund
Barry F. Sullivan John W. Gabbert
Class B Paul J. Schierl
Edward D. Powers Max J. Nay lor
Class C
Robert J. Day
Marcus Alexis
Charles S. McNeer
Chairman and Chief Executive Officer, Bartonville Bank, 1989 Bartonville, Illinois
Chairman of the Board, First Chicago Corporation, Chicago, Illinois 1990 President and Chief Executive Officer, First of America 1991
Bank-LaPorte, N.A., LaPorte, Indiana
Chairman of the Board and Chief Executive Officer, Fort Howard 1989 Corporation, Green Bay, Wisconsin
President, Fire Brick Engineers, Milwaukee, Wisconsin 1990 President, Naylor Farms, Inc., Jefferson, Iowa 1991
Chairman and Chief Executive Officer, USG Corporation, 1989 Chicago, Illinois
Dean, College of Business Administration, University of Illinois at 1990 Chicago, Chicago, Illinois
Chairman of the Board and Chief Executive Officer, Wisconsin 1991 Energy Corporation, Milwaukee, Wisconsin
—DETROIT BRANCH
Appointed by the Federal Reserve Bank Ronald D. Story Chairman and President, The Ionia County National Bank of Ionia,
Ionia, Michigan 1989
James A. Aliber Chairman of the Board and Chief Executive Officer, First Federal of Michigan, Detroit, Michigan
1990
Frederik G.H. Meijer Chairman of the Board, Meijer, Incorporated, Grand Rapids, Michigan
1990
Robert J. Mylod Chairman, President, and Chief Executive Officer, Michigan National Corporation, Farmington Hills, Michigan
1991
Appointed by the Board of Governors Richard T. Lindgren Birmingham, Michigan 1989 Beverly Beltaire President, P R Associates, Inc., Detroit, Michigan 1990 Phyllis E. Peters Director, Professional Standards Review, Touche Ross and 1991
Company, Detroit, Michigan
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1989
Directors of Federal Reserve Banks and Branches 415
DISTRICT 8—ST. LOUIS Term expires
Class A Dec• 31
David W. Kemper II Chairman and Chief Executive Officer, Commerce Bank of St. Louis, 1989 N.A., Clayton, Missouri, and President and Chief Executive Officer, Commerce Bancshares, Inc., Kansas City, Missouri
H.L. Hembree III Chairman of the Executive Committee, Merchants National Bank, 1990 Fort Smith, Arkansas
Henry G. River President and Chief Executive Officer, First National Bank of 1991 Pinckneyville, Pinckneyville, Illinois
Class B Frank M. Mitchener, Jr. President, Mitchener Farms, Inc., Sumner, Mississippi 1989 Roger W. Schipke Senior Vice President, GE Appliances, General Electric Company, 1990
Louisville, Kentucky Thomas F. McLarty III Chairman and Chief Executive Officer, Arkla, Inc., Little Rock, Arkansas 1991
Class C H. Edwin Trusheim Chairman and Chief Executive Officer, General American Life 1989
Insurance Company, St. Louis, Missouri Janet McAfee Weakley President, Janet McAfee, Inc., Clayton, Missouri 1990 Robert L. Virgil, Jr. Dean, John M. Olin School of Business, Washington University in 1991
St. Louis, St. Louis, Missouri
—LITTLE ROCK BRANCH
Appointed by the Federal Reserve Bank Patricia M. Townsend President, Townsend Company, Stuttgart, Arkansas 1989 David Armbruster President, First America Federal Savings Bank, Fort Smith, Arkansas 1990 W. Wayne Hartsfield President and Chief Executive Officer, First National Bank, 1990
Searcy, Arkansas Barnett Grace President and Chief Executive Officer, First Commercial Bank, 1991
N.A., Little Rock, Arkansas Appointed by the Board of Governors
L. Dickson Flake President, Barnes, Quinn, Flake & Anderson, Inc., 1989 Little Rock, Arkansas
William E. Love President, Sound-Craft Systems, Inc., Morrilton, Arkansas 1990 James R. Rodgers Airport Manager, Little Rock Regional Airport, Little Rock, Arkansas 1991
—LOUISVILLE BRANCH
Appointed by the Federal Reserve Bank Morton Boyd President, First Kentucky National Corporation, Louisville, Kentucky 1989 Irving W. Bailey II Chairman, President, and Chief Executive Officer, Capital Holding 1990
Corporation, Louisville, Kentucky Wayne G. Overall, Jr. President, First Federal Savings Bank, Elizabethtown, Kentucky 1990 Douglas M. Lester Chairman, President, and Chief Executive Officer, Trans Financial 1991
Bancorp, Inc., Bowling Green, Kentucky Appointed by the Board of Governors
Thomas A. Alvey Delegate, Owensboro Council of Labor, Owensboro, Kentucky 1989 Raymond M. Burse President, Kentucky State University, Frankfort, Kentucky 1990 Lois H. Gray Chairman of the Board, James N. Gray Construction Company, 1991
Inc., Glasgow, Kentucky
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1989
416 Federal Reserve Bulletin • May 1989
DISTRICT 8—Continued Term expires
—MEMPHIS BRANCH Dec- 31
Appointed by the Federal Reserve Bank Michael J. Hennessey President, Munro and Company, Inc., Wynne, Arkansas 1989 Thomas M. Garrott President and Chief Operating Officer, National Bank of Commerce 1990
and National Commerce Bancorporation, Memphis, Tennessee Larry A. Watson Chairman of the Board and President, Liberty Federal Savings 1990
Bank, Paris, Tennessee Ray U. Tanner Chairman and Chief Executive Officer, Jackson National Bank and 1991
Volunteer Bancshares, Inc., Jackson, Tennessee
Appointed by the Board of Governors Sandra B. Sanderson President and Chief Executive Officer, Sanderson Plumbing 1989
Products, Inc., Columbus, Mississippi Seymour B. Johnson Owner, Kay Planting Company, Indianola, Mississippi 1990 Katherine Hinds Smythe President, Memorial Park, Inc., Memphis, Tennessee 1991
DISTRICT 9—MINNEAPOLIS
Class A Charles W. Ekstrum
Joel S. Harris James H. Hearon III
Class B Bruce C. Adams Earl R. St. John, Jr.
Duane E. Dingmann
President and Chief Executive Officer, First National Bank, 1989 Philip, South Dakota
President, Yellowstone Holding Company, Columbus, Montana 1990 Chairman of the Board and Chief Executive Officer, National City 1991
Bank, Minneapolis, Minnesota
Partner, Triple Adams Farms, Lansford, North Dakota 1989 President and Owner, St. John Forest Products, Inc., 1990
Spalding, Michigan President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1991
Class C
Michael W. Wright
Delbert W. Johnson
John A. Rollwagen
Chairman, President, and Chief Executive Officer, Super Valu 1989 Stores, Inc., Minneapolis, Minnesota
President and Chief Executive Officer, Pioneer/Norelkote, 1990 Minneapolis, Minnesota
Chairman and Chief Executive Officer, Cray Research Inc., 1991 Minneapolis, Minnesota
—HELENA BRANCH
Appointed by the Federal Reserve Bank F. Charles Mercord President and Managing Officer, First Federal Savings Bank of 1989
Montana, Kalispell, Montana Noble E. Vosburg President and Chief Executive Officer, Pacific Hide and Fur 1990
Corporation, Great Falls, Montana Robert H. Waller President and Chief Executive Officer, First Interstate Bank of 1990
Billings, N.A., Billings, Montana
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1989
Directors of Federal Reserve Banks and Branches 417
DISTRICT 9—Continued Term expires
HELENA BRANCH—Continued Dec-31
Appointed by the Board of Governors Warren H. Ross President, Ross 8-7 Ranch, Inc., Chinook, Montana 1989 John F. Gardner President, Montana Resources, Inc., Butte, Montana 1990
DISTRICT 10—KANSAS CITY
Class A
Harold L. Gerhart, Jr.
Roger L. Reisher
Robert L. Hollis
Class B Richard D. Harrison
S. Dean Evans, Sr. Frank J. Yaklich, Jr.
President and Chief Executive Officer, First National Bank, 1989 Newman Grove, Nebraska
Co-Chairman, FirstBank Holding Company of Colorado, 1990 Lake wood, Colorado
Chairman of the Board and Chief Executive Officer, First National 1991 Bank and Trust Co., Okmulgee, Oklahoma
Chairman and Chief Executive Officer, Fleming Companies, Inc., 1989 Oklahoma City, Oklahoma
Partner, Evans Grain Company, Salina, Kansas 1990 President, CF & I Steel Corporation, Pueblo, Colorado 1991
Class C
Fred W. Lyons, Jr.
Thomas E. Rodriguez
Burton A. Dole, Jr.
President and Chief Executive Officer, Marion Laboratories, Inc., 1989 Kansas City, Missouri
President and General Manager, Thomas E. Rodriguez & 1990 Associates, P.C., Aurora, Colorado
Chairman and President, Puritan-Bennett Corporation, 1991 Overland Park, Kansas
—DENVER BRANCH
Appointed by the Federal Reserve Bank Henry A. True III Junius F. Baxter
Norman R. Corzine
W. Richard Scarlett III
Partner, True Companies, Casper, Wyoming 1989 Chairman of the Board and Chief Executive Officer, Bank Western, 1990
a Federal Savings Bank, Denver, Colorado President and Chief Executive Officer, First National Bank in 1991
Albuquerque and First National Financial Corporation, Albuquerque, New Mexico
Chairman and Chief Executive Officer, Jackson State Bank, 1991 Jackson Hole, Wyoming
Appointed by the Board of Governors James C. Wilson Management Consultant, Longmont, Colorado 1989 Gilbert Sanchez President, New Mexico Highlands University, 1990
Las Vegas, New Mexico Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado 1991
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1989
418 Federal Reserve Bulletin • May 1989
DISTRICT 10—Continued Term
—OKLAHOMA CITY BRANCH expires
Dec. 31
Appointed by the Federal Reserve Bank William H. Crawford Chairman and Chief Executive Officer, First National Bank and 1989
Trust Company, Frederick, Oklahoma W. Dean Hidy Chairman of the Board, Triad Bank, N.A., Tulsa, Oklahoma 1990 John Wm. Laisle President, MidFirst Savings and Loan Association, 1990
Oklahoma City, Oklahoma
Appointed by the Board of Governors Patience S. Latting Oklahoma City, Oklahoma 1989 John F. Snodgrass President and Trustee, The Samuel Roberts Noble Foundation, Inc., 1990
Ardmore, Oklahoma
—OMAHA BRANCH
Appointed by the Federal Reserve Bank John T. Selzer President, Scottsbluff National Bank and Trust Company, 1989
Scottsbluff, Nebraska Charles H. Thorne Chairman of the Board, First Federal Savings and Loan Association 1989
of Lincoln, Lincoln, Nebraska John R. Cochran President and Chief Executive Officer, Norwest Bank Nebraska, 1990
N.A., Omaha, Nebraska
Appointed by the Board of Governors Kenneth L. Morrison President, Morrison Enterprises, Hastings, Nebraska 1989 Herman Cain President and Chief Executive Officer, Godfather's Pizza, Inc., 1990
Omaha, Nebraska
DISTRICT 11—DALLAS
Class A Robert G. Greer T. C. Frost
Charles T. Doyle
Class B Gary E. Wood Robert L. Pfluger Charles Dickie
Williamson
Class C
Leo E. Linbeck, Jr.
Bobby R. Inman
Hugh G. Robinson
Chairman of the Board, Tanglewood Bank, N.A., Houston, Texas 1989 Chairman of the Board, The Frost National Bank, 1990
San Antonio, Texas Chairman and Chief Executive Officer, Gulf National Bank, 1991
Texas City, Texas
President, Texas Research League, Austin, Texas 1989 Rancher, San Angelo, Texas 1990 Chairman of the Board and Chief Executive Officer, 1991
Williamson-Dickie Manufacturing Company, Fort Worth, Texas
Chairman and Chief Executive Officer, Linbeck Construction 1989 Corporation, Houston, Texas
Chairman of the Board and Chief Executive Officer, 1990 Westmark Systems Inc., Austin, Texas
President, Cityplace Development Corporation, Dallas, Texas 1991
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1989
Directors of Federal Reserve Banks and Branches 419
DISTRICT 11—Continued Term —EL PASO BRANCH oTc.Tl
Appointed by the Federal Reserve Bank David L. Stone President, The Portales National Bank, Portales, New Mexico 1989 Henry B. Ellis President and Chief Credit Officer, MBank El Paso, N.A., 1990
El Paso, Texas Ethel Ortega Olson Owner, NAMBE of Ruidoso, Ruidoso, New Mexico 1990 Humberto F. Sambrano President, SamCorp General Contractors, El Paso, Texas 1991
Appointed by the Board of Governors W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1989 Diana S. Natalicio President, The University of Texas at El Paso, El Paso, Texas 1990 Donald G. Stevens Owner, Stevens Oil Company, Roswell, New Mexico 1991
—HOUSTON BRANCH Appointed by the Federal Reserve Bank
Jenard M. Gross President, Gross Builders, Inc., Houston, Texas 1989 Clive Runnells President and Director, Runnells Cattle Company, Bay City, Texas 1990 David E. Sheffield Vice Chairman, Texas National Bank of Victoria, Victoria, Texas 1990 Jeff Austin, Jr. President, First National Bank of Jacksonville, Jacksonville, Texas 1991
Appointed by the Board of Governors Walter M. Mischer, Jr. President and Chief Operating Officer, The Mischer Corporation, 1989
Houston, Texas Andrew L. Jefferson, Jr. Attorney, Jefferson and Mims, Houston, Texas 1990 Gilbert D. Gaedcke, Jr. Chairman of the Board and Chief Executive Officer, Gaedcke 1991
Equipment Company, Houston, Texas
—SAN ANTONIO BRANCH Appointed by the Federal Reserve Bank
C. Ivan Wilson Chairman of the Board and Chief Executive Officer, First City Bank 1989 of Corpus Christi, Corpus Christi, Texas
Javier Garza Executive Vice President, The Laredo National Bank, Laredo, Texas 1990 Sam R. Sparks President, Sam R. Sparks, Inc., Progreso, Texas 1990 Jane Flato Smith Investor and Rancher, San Antonio, Texas 1991
Appointed by the Board of Governors Lawrence E. Jenkins Vice President (Retired), Austin Division, Lockheed Missiles and 1989
Space Co., Inc., Austin, Texas Vacancy 1990 Roger R. Hemminghaus Chairman and Chief Executive Officer, Diamond Shamrock 1991
R&M, Inc., San Antonio, Texas
DISTRICT 12—SAN FRANCISCO
Class A Rayburn S. Dezember Chairman of the Board and Chief Executive Officer, Central Pacific 1989
Corporation, and Chairman, American National Bank, Bakersfield, California
R. Blair Hawkes President and Chief Executive Officer, Ireland Bank, Malad City, Idaho 1990 William E.B. Siart Chairman of the Board, President, and Chief Executive Officer, 1991
First Interstate Bank of California, Los Angeles, California
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1989
420 Federal Reserve Bulletin • May 1989
DISTRICT 12—Continued
Class B
John C. Hampton
John N. Nordstrom William L. Tooley
Class C
Robert F. Erburu
Cordell W. Hull
Carolyn S. Chambers
Term expires
Dec. 31
1989 President and Chief Executive Officer, Willamina Lumber Company, Portland, Oregon
Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington 1990 Chairman, Tooley & Company, Investment Builders, 1991
Los Angeles, California
Chairman of the Board and Chief Executive Officer, The Times 1989 Mirror Company, Los Angeles, California
Executive Vice President and Director, Bechtel Group, Inc., 1990 San Francisco, California
President and Chief Executive Officer, Chambers Communications 1991 Corp., Eugene, Oregon
-LOS ANGELES BRANCH
Appointed by the Federal Reserve Bank Fred D. Jensen
Ross M. Blakely
Ignacio E. Lozano, Jr. Howard C. McCrady
Chairman of the Board, President, and Chief Executive Officer, 1989 National Bank of Long Beach, Long Beach, California
Chairman of the Executive Committee of the Board, Coast Savings 1990 and Loan, Los Angeles, California
Editor-in-Chief, La Opinion, Los Angeles, California 1991 Vice Chairman, Valley National Corporation, Phoenix, Arizona 1991
Appointed by the Board of Governors Yvonne Brathwaite Burke Partner, Jones, Day, Reavis and Pogue, Los Angeles, California 1989 Richard C. Seaver Chairman, Hydril Company, Los Angeles, California 1990 Harry W. Todd Chairman and Chief Executive Officer, Rohr Industries, Inc., 1991
Chula Vista, California
-PORTLAND BRANCH
Appointed by the Federal Reserve Bank Wayne E. Phillips, Jr. Stephen G. Kimball
G. Dale Weight
Stuart H. Compton
Vice President, Phillips Ranch, Inc., Baker, Oregon President and Chief Executive Officer, Baker Boyer Bancorp,
Walla Walla, Washington Chairman of the Board and Chief Executive Officer, Benjamin
Franklin Savings and Loan Association, Portland, Oregon Chairman and Chief Executive Officer, Pioneer Trust Bank, N. A.
Salem, Oregon
Appointed by the Board of Governors Paul E. Bragdon Assistant to the Governor for Education, Office of the Governor,
Salem, Oregon Sandra A. Suran Small Business Advocate, State of Oregon, Salem, Oregon William A. Hilliard Editor, The Oregonian, Portland, Oregon
1989
1990
1990
1991
1989
1990 1991
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1989
Directors of Federal Reserve Banks and Branches 421
DISTRICT 12—Continued Term expires
Dec. 31 —SALT LAKE CITY BRANCH
Appointed by the Federal Reserve Bank Ronald S. Hanson President, Zions First National Bank, Salt Lake City, Utah 1989 Curtis H. Eaton President and Vice Chairman of the Board, Twin Falls Bank and 1990
Trust Company, Twin Falls, Idaho Virginia P. Kelson Associate, Ralston and Associates, Salt Lake City, Utah 1990 Gerald R. Christensen President and Chairman, First Federal Savings and Loan 1991
Association, Salt Lake City, Utah
Appointed by the Board of Governors Robert N. Pratt President and Chief Operating Officer, Bonneville Pacific 1989
Corporation, Salt Lake City, Utah Don M. Wheeler President, Wheeler Machinery Company, Salt Lake City, Utah 1990 D.N. Rose President and Chief Executive Officer, Mountain Fuel Supply 1991
Company, Salt Lake City, Utah
—SEATTLE BRANCH
Appointed by the Federal Reserve Bank H.H. Larison President, Columbia Paint and Coatings, Spokane, Washington 1989 B.R. Beeksma Chairman of the Board, InterWest Savings Bank, 1990
Oak Harbor, Washington William S. Randall Chairman, President, and Chief Executive Officer, First Interstate 1990
Bank of Washington, N.A., Seattle, Washington Robert P. Gray President, National Bank of Alaska, Anchorage, Alaska 1991
Appointed by the Board of Governors Carol A. Nygren Partner, Laventhol and Horwath, Seattle, Washington 1989 Irma Goertzen Hospital Administrator, University Hospital, University of 1990
Washington, Seattle, Washington Bruce R. Kennedy Chairman and Chief Executive Officer, Alaska Air Group, Inc., 1991
Seattle, Washington
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
May 1989
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