May 1995
529
Directors of Federal Reserve Banks and Branches
Regional decentralization and a combination of govern- crimination as to race, creed, color, sex, or national mental and private characteristics are important hall- origin. marks of the uniqueness of the Federal Reserve System. Class A directors of each Reserve Bank represent the Under the Federal Reserve Act, decentralization was stockholding member banks of the Federal Reserve Dis- achieved by division of the country into twelve regions trict. Class B and Class C directors represent the public called Federal Reserve Districts, and the establishment and are chosen with due, but not exclusive, consider- in each District of a separately incorporated Federal ation to the interests of agriculture, commerce, industry, Reserve Bank with its own board of directors. The services, labor, and consumers; they may not be officers, blending of governmental and private characteristics is directors, or employees of any bank. In addition, Class C provided through ownership of the stock of the Reserve directors may not be stockholders of any bank. The Bank by member banks in its District, which also elect Board of Governors designates annually one Class C the majority of the board of directors, and by the general director as chairman of the board of directors of each supervision of the Reserve Banks by the Board of Gover- District Bank and designates another Class C director as nors, an agency of the federal government. The Board deputy chairman. also appoints a minority of each board of directors. Each of the twenty-five Branches of the Federal Thus, there are essential elements of regional participa- Reserve Banks has a board of either seven or five direc- tion and counsel in the conduct of the System's affairs tors, a majority of whom are appointed by the parent for which the Federal Reserve relies importantly on the Federal Reserve Bank; the others are appointed by the contributions of the directors of the Federal Reserve Board of Governors. One of the Board's appointees is Banks and Branches. designated annually as chairman of the board of that The following list of directors of Federal Reserve Branch in a manner prescribed by the parent Federal Banks and Branches shows for each director the class of Reserve Bank. directorship, the principal business affiliation, and the The names of the chairman and deputy chairman of date the current term expires. Each Federal Reserve the board of directors of each Reserve Bank and of the Bank has nine members on its board of directors: The chairman of each Branch are published monthly in the member banks elect the three Class A and three Class B Federal Reserve Bulletin.1 directors, and the Board of Governors appoints the three directors in Class C. Directors are chosen without dis- 1. The current list appears on page A86 of this Bulletin.
Term expires
DISTRICT 1—BOSTON December 31
Class A Ira Stepanian Chairman and Chief Executive Officer, The Bank of Boston 1995 Corporation, Boston, Massachusetts David A. Page President and Chief Executive Officer, Ocean National Bank of 1996 Kennebunk, Kennebunk, Maine Jane C. Walsh President and Chief Executive Officer, Northmark Bank, 1997 North Andover, Massachusetts
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530 Federal Reserve Bulletin • May 1995
Term expires DISTRICT 1—Continued December 31
Class B Joan T. Bok Chairman, New England Electric System, Westborough, 1995 Massachusetts Stephen L. Brown Chairman and Chief Executive Officer, John Hancock Mutual Life 1996 Insurance Company, Boston, Massachusetts Edward Dugger III President and Chief Executive Officer, UNC Ventures, Inc., 1997 Boston, Massachusetts
Class C Professor of Economics and Chair, Department of Economics, 1995 William C. Brainard Yale University, New Haven, Connecticut Executive Director, The Quality Connection, East Dennis, 1996 John E. Flynn Massachusetts Chairman and Chief Executive Officer, New England Medical Center, 1997 Jerome H. Grossman Inc., Boston, Massachusetts
DISTRICT 2—NEW YORK
Class A Chairman, President, and Chief Executive Officer, Manufacturers and 1995 Robert G. Wilmers Traders Trust Company, Buffalo, New York Chairman and Chief Executive Officer, The First National Bank of 1996 J. William Johnson Long Island, Glen Head, New York Chairman and Chief Executive Officer, The Bank of New York, 1997 J. Carter Bacot New York, New York
Class B William C. Steere, Jr. Chairman and Chief Executive Officer, Pfizer Inc., New York, 1995 New York Sandra Feldman President, United Federation of Teachers, New York, New York 1996 Eugene R. McGrath Chief Executive Officer, Consolidated Edison Company of New York, 1997 Inc., New York, New York
Class C Herbert L. Washington Owner, HLW Fast Track, Inc., Rochester, New York 1995 David A. Hamburg President, Carnegie Corporation of New York, New York, New York 1996 Maurice R. Greenberg Chairman and Chief Executive Officer, American International Group, 1997 Inc., New York, New York
BUFFALO BRANCH
Appointed by the Federal Reserve Bank George W. Hamlin IV President and Chief Executive Officer, The Canandaigua National 1995 Bank and Trust Company, Canandaigua, New York Louise C. Woerner Chairman and Chief Executive Officer, HCR, Rochester, New York 1996 William E. Swan President and Chief Executive Officer, Lockport Savings Bank, 1997 Lockport, New York Mark W. Adams Owner and Operator, Adams Poultry Farm, Naples, New York 1997
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Directors of Federal Reserve Banks and Branches 531
Term expires DISTRICT 2—Continued December 31
Buffalo Branch—Continued
Appointed by the Board of Governors F.C. Richardson President, Buffalo State College, Buffalo, New York 1995 Joseph J. Castiglia President and Chief Executive Officer, Pratt & Lambert, Inc., Buffalo, 1996 New York Donald L. Rust Plant Manager, Tonawanda Engine Plant, General Motors Powertrain 1997 Division, General Motors Corporation, Buffalo, New York
DISTRICT 3—PHILADELPHIA
Class A Carl L. Campbell President and Chief Executive Officer, Keystone Financial, Inc., 1995 Harrisburg, Pennsylvania Terry K. Dunkle Chairman, United States National Bank, Johnstown, Pennsylvania 1996 Dennis W. DiLazzero President and Chief Executive Officer, Minotola National Bank, 1997 Vineland, New Jersey Class B David W. Huggins President and Chief Executive Officer, RMS Technologies, Inc., 1995 Marlton, New Jersey J. Richard Jones President and Chief Executive Officer, Jackson-Cross Company, 1996 Philadelphia, Pennsylvania Robert D. Burris President and Chief Executive Officer, Burris Foods, Inc., 1997 Milford, Delaware Class C James M. Mead President and Chief Executive Officer, Capital Blue Cross, 1995 Harrisburg, Pennsylvania Joan Carter President and Chief Operating Officer, UM Holdings Ltd., 1996 Haddonfield, New Jersey Donald J. Kennedy Business Manager, International Brotherhood of Electrical Workers, 1997 Local Union No. 269, Trenton, New Jersey
DISTRICT 4—CLEVELAND
Class A Chairman and Chief Executive Officer, National City Corporation, 1995 Edward B. Brandon Cleveland, Ohio Chairman, President, and Chief Executive Officer, The Apple Creek 1996 Alfred C. Leist Banking Company, Apple Creek, Ohio President and Chief Executive Officer, Southwest National 1997 David S. Dahlmann Corporation, Greensburg, Pennsylvania Class B I.N. Rendall Harper, Jr. President and Chief Executive Officer, American Micrographics 1995 Company, Inc., Monroeville, Pennsylvania Thomas M. Nies President, Cincom Systems, Inc., Cincinnati, Ohio 1996 Michele Tolela Myers President, Denison University, Granville, Ohio 1997
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532 Federal Reserve Bulletin • May 1995
Term expires
DISTRICT 4—Continued December 31
Class C Chief Executive, Old Mill Group, Hudson, Ohio 1995 Executive Secretary-Treasurer, Ohio State Building and Construction 1996 A. William Reynolds Robert Y. Farrington Trades Council, Columbus, Ohio G. Watts Humphrey, Jr. President, GWH Holdings, Inc., Pittsburgh, Pennsylvania 1997
CINCINNATI BRANCH
Appointed by the Federal Reserve Bank Jerry W. Carey President and Chief Executive Officer, Union National Bank and Trust 1995 Company, Barbourville, Kentucky Judith G. Clabes Editor, The Kentucky Post, Covington, Kentucky 1996 Phillip R. Cox President, Cox Financial Corporation, Cincinnati, Ohio 1996 Jerry A. Grundhofer Chairman, President, and Chief Executive Officer, Star Banc 1997 Corporation, Cincinnati, Ohio
Appointed by the Board of Governors Eleanor Hicks President, M.I.N.D.S. International, Cincinnati, Ohio 1995 John N. Taylor, Jr. Chairman and Chief Executive Officer, Kurz-Kasch, Inc., 1996 Dayton, Ohio C. Wayne Shumate Chairman and Chief Executive Officer, Kentucky Textiles, Inc. 1997 Paris, Kentucky
PITTSBURGH BRANCH
Appointed by the Federal Reserve Bank Helen J. Clark Chairman, President, and Chief Executive Officer, Apollo Trust 1995 Company, Apollo, Pennsylvania Randall L.C. Russell President and Chief Executive Officer, Ranbar Technology, Inc., 1996 Glenshaw, Pennsylvania Wesley W. von Schack Chairman, President, and Chief Executive Officer, DQE, 1996 Pittsburgh, Pennsylvania Thomas J. 0'Shane President and Chief Executive Officer, First Western Bancorp, Inc., 1997 New Castle, Pennsylvania
Appointed by the Board of Governors Robert P. Bozzone Vice Chairman of the Board, Allegheny Ludlum Corporation, 1995 Pittsburgh, Pennsylvania Sandra L. Phillips Executive Director, Pittsburgh Partnership for Neighborhood 1996 Development, Pittsburgh, Pennsylvania John T. Ryan III President, Chairman, and Chief Executive Officer, Mine Safety 1997 Appliances Company, Pittsburgh, Pennsylvania
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Directors of Federal Reserve Banks and Branches 533
Term expires DISTRICT 5—RICHMOND December 31
Class A Charles E. Weller President, Elkridge National Bank and ENB Financial Corporation, 1995 Elkridge, Maryland Robert M. Freeman Chairman and Chief Executive Officer, Signet Banking Corporation, 1996 Richmond, Virginia Philip L. McLaughlin President and Chief Executive Officer, Horizon Bancorp, Inc., and 1997 Greenbrier Valley National Bank, Lewisburg, West Virginia Class B R.E. Atkinson, Jr. Chairman, Dilmar Oil Company, Inc., Florence, South Carolina 1995 Paul A. DelaCourt Chairman, The North Carolina Enterprise Corporation, 1996 Raleigh, North Carolina L. Newton Thomas, Jr. Senior Vice President (Retired), ITT/Carbon Industries, Inc., 1997 Charleston, West Virginia Class C Henry J. Faison Chairman, Faison, Charlotte, North Carolina 1995 Stephen Brobeck Executive Director, Consumer Federation of America, 1996 Washington, D.C. Claudine B. Malone President, Financial & Management Consulting, Inc., 1997 McLean, Virginia
BALTIMORE BRANCH
Appointed by the Federal Reserve Bank Richard M. Adams Chairman and Chief Executive Officer, United Bankshares, Inc., 1995 Parkersburg, West Virginia Morton I. Rapoport President and Chief Executive Officer, University of Maryland 1996 Medical System, Baltimore, Maryland Thomas J. Hughes President and Chief Executive Officer, Navy Federal Credit Union, 1997 Vienna, Virginia F. Levi Ruark Chairman, President, and Chief Executive Officer, The National Bank 1997 of Cambridge, Cambridge, Maryland Appointed by the Board of Governors Daniel R. Baker President and Chief Executive Officer, Tate Access Floors, Inc., 1995 Jessup, Maryland Michael R. Watson President, Association of Maryland Pilots, Baltimore, Maryland 1996 Rebecca Hahn Windsor Chairman and Chief Executive Officer, Hahn Transportation, Inc., 1997 New Market, Maryland
CHARLOTTE BRANCH
Appointed by the Federal Reserve Bank David B. Jordan Vice Chairman, Chief Executive Officer, and Director, Security 1995 Capital Bancorp, Salisbury, North Carolina Jim M. Cherry, Jr. President and Chief Executive Officer, Williamsburg First National 1996 Bank, Kingstree, South Carolina Dorothy H. Aranda President, Dohara Associates, Inc., Hilton Head Island, South Carolina 1997 J. Walter McDowell President and Chief Executive Officer, Wachovia Bank of 1997 North Carolina, N.A., Winston-Salem, North Carolina
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534 Federal Reserve Bulletin • May 1995
Term expires
DISTRICT 5—Continued December 31
Charlotte Branch—Continued
Appointed by the Board of Governors James O. Roberson President and Chief Executive Officer, Research Triangle Foundation 1995 of North Carolina, Research Triangle Park, North Carolina Dennis D. Lowery Chief Executive Officer and Chairman, Continental Ltd., 1996 Charlotte, North Carolina Joan H. Zimmerman President, Southern Shows, Inc., Charlotte, North Carolina 1997
DISTRICT 6—ATLANTA
Class A W.H. Swain Chairman, First National Bank, Oneida, Tennessee 1995 James B. Williams Chairman and Chief Executive Officer, SunTrust Banks, Inc., 1996 Atlanta, Georgia D. Paul Jones, Jr. Chairman and Chief Executive Officer, Compass Bancshares, Inc., 1997 Birmingham, Alabama
Class B J. Thomas Holton President, Sherman International Corporation, Birmingham, Alabama 1995 Andre M. Rubenstein Chairman and Chief Executive Officer, Rubenstein Brothers, Inc., 1996 New Orleans, Louisiana Maria Camila Leiva Executive Vice President, Miami Free Zone Corporation, 1997 Miami, Florida
Class C Leo Benatar Chairman and Chief Executive Officer, Engraph, Inc., 1995 Atlanta, Georgia Daniel E. Sweat, Jr. Program Director, The America Project, Atlanta, Georgia 1996 Hugh M. Brown President and Chief Executive Officer, BAMSI, Inc., 1997 Titusville, Florida
BIRMINGHAM BRANCH
Appointed by the Federal Reserve Bank J. Stephen Nelson Chairman and Chief Executive Officer, First National Bank of 1995 Brewton, Brewton, Alabama Julian W. Banton Chairman, President, and Chief Executive Officer, SouthTrust Bank of 1996 Alabama, N.A., Birmingham, Alabama Marlin D. Moore, Jr. Chairman, Pritchett-Moore, Inc., Tuscaloosa, Alabama 1997 Columbus Sanders President, Consolidated Industries, Inc., Huntsville, Alabama 1997
Appointed by the Board of Governors Patricia B. Compton President, Patco, Inc., Georgiana, Alabama 1995 Donald E. Boomershine President, The Better Business Bureau of Central Alabama, Inc., and 1996 the Counties of the Wiregrass, Birmingham, Alabama D. Bruce Carr International Representative, Laborers' International Union, AFL-CIO 1997 of North America, Gadsden, Alabama
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Directors of Federal Reserve Banks and Branches 535
Term expires DISTRICT 6—Continued December 31
JACKSONVILLE BRANCH
Appointed by the Federal Reserve Bank Royce B. Walden Vice President, Ward Bradford & Company, Orlando, Florida 1995 William G. Smith, Jr. President, Capital City First National Bank, Tallahassee, Florida 1996 Terry R. West President and Chief Executive Officer, Jax Navy Federal Credit 1997 Union, Jacksonville, Florida Arnold A. Heggestad Chester Holloway Professor of Entrepreneurship, University of 1997 Florida, Gainesville, Florida Appointed by the Board of Governors Lana Jane Lewis-Brent President, Paul Brent Designer, Inc., Panama City, Florida 1995 Joan Dial Ruffier General Partner, Sunshine Cafes, Orlando, Florida 1996 Patrick C. Kelly Chairman and Chief Executive Officer, Physician Sales & Service, 1997 Inc., Jacksonville, Florida
MIAMI BRANCH
Appointed by the Federal Reserve Bank E. Anthony Newton President and Chief Executive Officer, Island National Bank and Trust 1995 Company, Palm Beach, Florida Pat L. Tornillo, Jr. Executive Vice President, United Teachers of Dade, Miami, Florida 1996 Steven C. Shimp President, O-A-K/Florida, Inc., Fort Myers, Florida 1996 Carlos A. Migoya President, Dade/Monroe Counties, First Union National Bank of 1997 Florida, Miami, Florida Appointed by the Board of Governors R. Kirk Landon Chairman and Chief Executive Officer, American Bankers Insurance 1995 Group, Miami, Florida Michael T. Wilson President, Vinegar Bend Farms, Inc., Belle Glade, Florida 1996 Kaaren Johnson-Street Vice President, Diversity Business Enterprise, Burger King 1997 Corporation, Miami, Florida
NASHVILLE BRANCH
Appointed by the Federal Reserve Bank James D. Harris President and Chief Executive Officer, Brentwood National Bank, 1995 Brentwood, Tennessee Williams E. Arant, Jr. President and Chief Executive Officer, First Knoxville Bank, 1996 Knoxville, Tennessee Jack J. Vaughn President, Opryland Hospitality & Attractions Group, Gaylord 1997 Entertainment Company, Nashville, Tennessee John E. Seward, Jr. President and Chief Executive Officer, The Paty Company, 1997 Piney Flats, Tennessee Appointed by the Board of Governors Frances F. Marcum Chairman, Micro Craft, Inc., Tullahoma, Tennessee 1995 Paula Lovell President, Lovell Communications, Inc., Nashville, Tennessee 1996 James E. Dalton, Jr. President and Chief Executive Officer, Quorum Health Group, Inc., 1997 Brentwood, Tennessee
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536 Federal Reserve Bulletin • May 1995
Term expires DISTRICT 6—Continued December 31
NEW ORLEANS BRANCH
Appointed by the Federal Reserve Bank Thomas E. Walker Chairman and Chief Executive Officer, Bank of Forest, 1995 Forest, Mississippi Howard C. Gaines Chairman and Chief Executive Officer, First National Bank of 1996 Commerce, New Orleans, Louisiana Angus R. Cooper II Chairman and Chief Executive Officer, Cooper/T. Smith Corporation, 1997 Mobile, Alabama Kay L. Nelson President, Nelson Capital Corporation, New Orleans, Louisiana 1997
Appointed by the Board of Governors Lucimarian Tolliver Roberts President, Mississippi Coast Coliseum Commission, 1995 Biloxi, Mississippi Victor Bussie President, Louisiana AFL-CIO, Baton Rouge, Louisiana 1996 Jo Ann Slaydon President, Slaydon Consultants and Insight Productions and 1997 Advertising, Baton Rouge, Louisiana
DISTRICT 7—CHICAGO
Class A Arnold C. Schultz Chairman and President, Grundy National Bank, 1995 Grundy Center, Iowa David W. Fox Chairman and Chief Executive Officer, The Northern Trust 1996 Corporation and The Northern Trust Company, Chicago, Illinois Stefan S. Anderson Chairman, President, and Chief Executive Officer, First Merchants 1997 Corporation, Muncie, Indiana
Class B Donald J. Schneider President, Schneider National, Inc., Green Bay, Wisconsin 1995 A. Charlene Sullivan Associate Professor of Management, Krannert Graduate School of 1996 Management, Purdue University, West Lafayette, Indiana Thomas C. Dorr President and Chief Executive Officer, Dorr's Pine Grove Farm Co., 1997 Marcus, Iowa
Class C Richard G. Cline Chairman and Chief Executive Officer, NICOR Inc., 1995 Naperville, Illinois Robert M. Healey Member, Illinois Labor Relations Board, Chicago, Illinois 1996 Lester H. McKeever, Jr. Managing Partner, Washington, Pittman & McKeever, 1997 Chicago, Illinois
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Directors of Federal Reserve Banks and Branches 537
Term expires DISTRICT 7—Continued December 31
DETROIT BRANCH Appointed by the Federal Reserve Bank Norman F. Rodgers President and Chief Executive Officer, Hillsdale County National 1995 Bank, Hillsdale, Michigan William E. Odom Chairman and Chief Executive Officer, Ford Motor Credit Company, 1996 Dearborn, Michigan Charles E. Allen President and Chief Executive Officer, Graimark Realty Advisors, 1996 Inc., Detroit, Michigan Charles R. Weeks Chairman, President, and Chief Executive Officer, Citizens Banking 1997 Corporation, Hint, Michigan Appointed by the Board of Governors J. Michael Moore Chairman and Chief Executive Officer, Invetech Company, 1995 Detroit, Michigan Florine Mark President and Chief Executive Officer, The WW Group, 1996 Farmington Hills, Michigan John D. Forsyth Executive Director, University of Michigan Hospitals, 1997 Ann Arbor, Michigan
DISTRICT 8—ST. LOUIS
Class A Chairman and President, Trans Financial Bancorp, Inc., 1995 Douglas M. Lester Bowling Green, Kentucky Chairman and Chief Executive Officer, First National Bank of Eastern 1996 W.D. Glover Arkansas, Forrest City, Arkansas Chairman, President, and Director, The First National Bank of 1997 Michael A. Alexander Woodlawn, Mount Vernon, Illinois Class B Richard E. Bell President and Chief Executive Officer, Riceland Foods, Inc., 1995 Stuttgart, Arkansas Warren R. Lee President, W.R. Lee & Associates, Inc., Louisville, Kentucky 1996 Sandra B. Sanderson President and Chief Executive Officer, Sanderson Plumbing Products, 1997 Inc., Columbus, Mississippi Class C John F. McDonnell Chairman, McDonnell Douglas Corporation, St. Louis, Missouri 1995 Veo Peoples, Jr. Partner, Peoples & Hale, St. Louis, Missouri 1996 Robert H. Quenon Mining Consultant, St. Louis, Missouri 1997
LITTLE ROCK BRANCH
Appointed by the Federal Reserve Bank Mark A. Shelton III President, M.A. Shelton Farming Company, Altheimer, Arkansas 1995 Mahlon A. Martin President, Winthrop Rockefeller Foundation, Little Rock, Arkansas 1996 James V. Kelley Chairman, President, and Chief Executive Officer, First United 1996 Bancshares, Inc., El Dorado, Arkansas Lunsford W. Bridges President and Chief Executive Officer, Metropolitan National Bank, 1997 Little Rock, Arkansas
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538 Federal Reserve Bulletin • May 1995
Term expires
DISTRICT 8—Continued December 31
Little Rock Branch—Continued
Appointed by the Board of Governors Betta Carney Chairman and Chief Executive Officer, World Wide Travel Service, 1995 Inc., Little Rock, Arkansas Janet M. Jones President, The Janet Jones Company, Little Rock, Arkansas 1996 Robert Daniel Nabholz, Jr. Chief Executive Officer, Nabholz Construction Corporation, 1997 Conway, Arkansas
LOUISVILLE BRANCH
Appointed by the Federal Reserve Bank Malcolm B. Chancey, Jr. Chairman and Chief Executive Officer, Liberty National Bank & Trust 1995 Company of Kentucky, Louisville, Kentucky Charles D. Storms President and Chief Executive Officer, Red Spot Paint and Varnish 1996 Company, Inc., Evansville, Indiana Robert M. Hall Owner, East Fork Growers, Seymour, Indiana 1996 Thomas E. Spragens, Jr. President and Chief Executive Officer, Farmers National Bank, 1997 Lebanon, Kentucky
Appointed by the Board of Governors Daniel L. Ash Consultant, Wenz-Neely Company, Louisville, Kentucky 1995 John A. Williams Chairman and Chief Executive Officer, Computer Services, Inc., 1996 Paducah, Kentucky Laura M. Douglas Legal Counsel, Louisville & Jefferson County Metropolitan Sewer 1997 District, Louisville, Kentucky
MEMPHIS BRANCH
Appointed by the Federal Reserve Bank Anthony M. Rampley President, Chief Executive Officer, and Director, Arkansas Glass 1995 Container Corporation, Jonesboro, Arkansas Katie S. Winchester President and Director, First Citizens National Bank, 1996 Dyersburg, Tennessee Benjamin W. Rawlins, Jr. Chairman and Chief Executive Officer, Union Planters Corporation, 1996 Memphis, Tennessee Lewis F. Mallory, Jr. Chairman, President, and Chief Executive Officer, NBC Capital 1997 Corporation, Starkville, Mississippi
Appointed by the Board of Governors John V. Myers President, Better Business Bureau, Memphis, Tennessee 1995 Woods E. Eastland President and Chief Executive Officer, Staple Cotton Cooperative 1996 Association, Greenwood, Mississippi Vacancy 1997
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Directors of Federal Reserve Banks and Branches 539
Term expires DISTRICT 9—MINNEAPOLIS December 31
Class A Susanne V. Boxer President and Chief Executive Officer, MFC First National Bank, 1995 Houghton, Michigan Jerry B. Melby President, First National Bank, Bowbells, North Dakota 1996 William S. Pickerign President, The Northwestern Bank, Chippewa Falls, Wisconsin 1997
Class B President, TMI Systems Design Corporation/TMI Transport 1995 Dennis W. Johnson Corporation, Dickinson, North Dakota President, M/C Professional Associates, Inc., 1996 Clarence D. Mortenson Pierre, South Dakota Owner and Dealer, Bitterroot Motors, Missoula, Montana 1997 Kathryn A. Ogren
Class C Chairman and Chief Executive Officer, Opus Corporation, 1995 Gerald A. Rauenhorst Minneapolis, Minnesota Chairman and Chief Executive Officer, Graco, Inc., 1996 David A. Koch Golden Valley, Minnesota Professor, Consumption and Consumer Economics, Department of 1997 Jean D. Kinsey Agricultural and Applied Economics, University of Minnesota, St. Paul, Minnesota
HELENA BRANCH
Appointed by the Federal Reserve Bank Ronald D. Scott President and Chief Executive Officer, The First State Bank of Malta, 1995 Malta, Montana Donald E. Olsson, Jr. President, Ronan State Bank, Ronan, Montana 1996 Sandra M. Stash Manager, Montana Facilities, Atlantic Richfield Company (ARCO), 1996 Anaconda, Montana
Appointed by the Board of Governors Matthew J. Quinn President, Carroll College, Helena, Montana 1995 Lane W. Basso President, Deaconess Medical Center of Billings, Inc., 1996 Billings, Montana
DISTRICT 10—KANSAS CITY
Class A William L. McQuillan President, Chief Executive Officer, and Director, City National Bank, 1995 Greeley, Nebraska L.W. Menefee Chairman and Chief Executive Officer, Union Colony Bank, 1996 Greeley, Colorado Samuel P. Baird President, Farmers State Bank & Trust Co., Superior, Nebraska 1997
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540 Federal Reserve Bulletin • May 1995
Term expires DISTRICT 10—Continued December 31 Class B W.W. Allen Chairman and Chief Executive Officer, Phillips Petroleum Company, 1995 Bartlesville, Oklahoma Charles W. Nichols Managing Partner, Davison & Sons Cattle Company, 1996 Arnett, Oklahoma Jo Marie Dancik Area Managing Partner, Ernst & Young LLP, Denver, Colorado 1997
Class C Herman Cain President and Chief Executive Officer, Godfather's Pizza, Inc., 1995 Omaha, Nebraska Colleen D. Hernandez Executive Director, Kansas City Neighborhood Alliance, 1996 Kansas City, Missouri A. Drue Jennings Chairman, President, and Chief Executive Officer, Kansas City Power 1997 & Light Company, Kansas City, Missouri
DENVER BRANCH
Appointed by the Federal Reserve Bank Peter I. Wold Partner, Wold Oil & Gas Company, Casper, Wyoming 1995 Peter R. Decker President, Peter R. Decker & Associates, Denver, Colorado 1996 Richard I. Ledbetter President and Chief Executive Officer, The First National Bank of 1997 Farmington, Farmington, New Mexico Clifford E. Kirk President and Chief Executive Officer, First National Bank of Gillette, 1997 Gillette, Wyoming
Appointed by the Board of Governors Sandra K. Woods Vice President, Environmental Health and Safety Systems, Coors 1995 Brewing Company, Golden, Colorado Vacancy 1996 Donald E. Gallegos President, King Soopers, Denver, Colorado 1997
OKLAHOMA CITY BRANCH
Appointed by the Federal Reserve Bank C. Kendric Fergeson Chairman and Chief Executive Officer, The National Bank of 1995 Commerce, Altus, Oklahoma Dennis M. Mitchell President, Citizens Bank of Ardmore, Ardmore, Oklahoma 1995 Gordona Duca President and Owner, Gordona Duca, Inc., Realtors, Tulsa, Oklahoma 1996 Michael S. Samis President and Chief Executive Officer, Macklanburg-Duncan Co., 1997 Oklahoma City, Oklahoma
Appointed by the Board of Governors Barry L. Eller Senior Vice President and General Manager, MerCruiser, 1995 Stillwater, Oklahoma Ernest L. Holloway President, Langston University, Langston, Oklahoma 1996 Victor R. Schock President and Chief Executive Officer, Credit Counseling Centers, 1997 Tulsa, Oklahoma
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Directors of Federal Reserve Banks and Branches 541
Term expires
DISTRICT 10—Continued December 31
OMAHA BRANCH Appointed by the Federal Reserve Bank Robert L. Peterson Chairman, President, and Chief Executive Officer, IBP, Inc., 1995 Dakota City, Nebraska Bruce R. Lauritzen President, First National Bank of Omaha, Omaha, Nebraska 1996 Donald A. Leu President and Chief Executive Officer, Consumer Credit Counseling 1997 Service, Omaha, Nebraska
Thomas H. Olson Chairman, First National Bank, Sidney, Nebraska 1997
Appointed by the Board of Governors Sheila Griffin Special Adviser to the Governor of the State of Nebraska for 1995 International Trade, Lincoln, Nebraska LeRoy W. Thom President, T-L Irrigation Company, Hastings, Nebraska 1996 Arthur L. Shoener Executive Vice President—Operations, Union Pacific Railroad, 1997 Omaha, Nebraska
DISTRICT 11—DALLAS
Class A Chairman and President, The First National Bank of Panhandle, 1995 Eugene M. Phillips Panhandle, Texas President and Chief Executive Officer, Texas Independent Bank, 1996 Gayle M. Earls Dallas, Texas President and Chief Executive Officer, Security Bank, Ralls, Texas 1997 Kirk A. McLaughlin Class B Milton Carroll Chairman and Chief Executive Officer, Instrument Products, Inc., 1995 Houston, Texas J.B. Cooper, Jr. Farmer, Roscoe, Texas 1996 Peyton Yates President, Yates Drilling Company, Artesia, New Mexico 1997
Class C Chairman, President, and Chief Executive Officer, Diamond 1995 Roger R. Hemminghaus Shamrock, Inc., San Antonio, Texas Second General Vice President, International Association of Bridge, 1996 James A. Martin Structural, & Ornamental Iron Workers, Austin, Texas General Partner, Phillips-Smith Specialty Retail Group, Dallas, Texas 1997 Cece Smith
EL PASO BRANCH
Appointed by the Federal Reserve Bank Wayne Merritt President, Norwest Bank Texas, Midland, N.A., Midland, Texas 1995 Ben H. Haines, Jr. President and Chief Executive Officer, First National Bank of 1996 Dona Ana County, Las Cruces, New Mexico Veronica K. Callaghan Vice President and Principal, KASCO Ventures, Inc., El Paso, Texas 1996 Hugo Bustamante, Jr. Owner and Chief Executive Officer, CarLube, Inc., and ProntoLube, 1997 Inc., El Paso, Texas
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542 Federal Reserve Bulletin • May 1995
Term expires DISTRICT 11—Continued December 31
El Paso Branch—Continued
Appointed by the Board of Governors W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1995 Patricia Z. Holland-Branch President and Director of Design, PZH Contract Design, Inc., 1996 El Paso, Texas Alvin T. Johnson President, Management Assistance Corporation of America, 1997 El Paso, Texas
HOUSTON BRANCH
Appointed by the Federal Reserve Bank J. Michael Solar Managing Partner, Solar & Fernandes, L.L.P., Houston, Texas 1995 Judith B. Craven President, United Way of the Texas Gulf Coast, Houston, Texas 1996 Walter E. Johnson President and Chief Executive Officer, Southwest Bank of Texas, 1996 Houston, Texas
Tieman H. Dippel, Jr. Chairman and President, Brenham Bancshares, Inc., Brenham, Texas 1997
Appointed by the Board of Governors Judy Ley Allen Partner and Administrator, Allen Investments, Houston, Texas 1995 Robert C. McNair Chairman and Chief Executive Officer, Cogen Technologies, Inc., 1996 Houston, Texas Isaac H. Kempner III Chairman, Imperial Holly Corporation, Sugar Land, Texas 1997 SAN ANTONIO BRANCH
Appointed by the Federal Reserve Bank Gregory W. Crane President and Chief Executive Officer, Broadway National Bank, 1995 San Antonio, Texas Juliet V. Garcia President, University of Texas at Brownsville, Brownsville, Texas 1996 Douglas G. Macdonald President, South Texas National Bank, Laredo, Texas 1996 Calvin R. Weinheimer President and Chief Operating Officer, Kerrville Communications 1997 Corporation, Kerrville, Texas
Appointed by the Board of Governors Carol L. Thompson President, The Thompson Group, Austin, Texas 1995 Erich Wendl President and Chief Executive Officer, Maverick Markets, Inc., 1996 Corpus Christi, Texas H.B. Zachry, Jr. Chairman and Chief Executive Officer, H.B. Zachry Company, 1997 San Antonio, Texas
DISTRICT 12—SAN FRANCISCO
Class A Carl J. Schmitt Chairman, University Bank & Trust Company, Palo Alto, California 1995 Richard L. Mount Chairman, President, and Chief Executive Officer, Saratoga Bancorp, 1996 Saratoga, California Gerry B. Cameron Chairman and Chief Executive Officer, U.S. Bancorp, 1997 Portland, Oregon
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Directors of Federal Reserve Banks and Branches 543
Term expires DISTRICT 12—Continued December 31
Class B E. Kay Stepp Principal and Owner, Executive Solutions, Portland, Oregon 1995 Gary G. Michael Chairman and Chief Executive Officer, Albertson's, Inc., Boise, Idaho 1996 Krestine Corbin President and Chief Executive Officer, Sierra Machinery, Inc., 1997 Sparks, Nevada
Class C Cynthia A. Parker Executive Director, Anchorage Neighborhood Housing Services, Inc., 1995 Anchorage, Alaska Chairman and Chief Executive Officer (Retired), Kaiser Foundation 1996 James A. Vohs Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California Partner, Foster Pepper & Shefelman, Seattle, Washington 1997 Judith M. Runstad
LOS ANGELES BRANCH
Appointed by the Federal Reserve Bank Steven R. Sensenbach President and Chief Executive Officer, Vineyard National Bank, 1995 Rancho Cucamonga, California Thomas L. Stevens, Jr. President, Los Angeles Trade-Technical College, 1996 Los Angeles, California William S. Randall Chief Operating Officer, First Interstate Bancorp, Phoenix, Arizona 1997 Antonia Hernandez President and General Counsel, Mexican American Legal Defense and 1997 Educational Fund, Los Angeles, California
Appointed by the Board of Governors Anne L. Evans Chairman, Evans Hotels, San Diego, California 1995 Anita Landecker Western Regional Vice President, Local Initiatives Support 1996 Corporation, Los Angeles, California David L. Moore President, Western Growers Association, Newport Beach, California 1997
PORTLAND BRANCH
Appointed by the Federal Reserve Bank John D. Eskildsen President and Chief Executive Officer, U.S. National Bank of Oregon, 1995 Portland, Oregon Elizabeth K. Johnson President, TransWestern, Inc., Scappoose, Oregon 1996 Cecil W. Drinkward President and Chief Executive Officer, Hoffman Construction 1996 Company, Portland, Oregon Thomas C. Young Chairman, President, and Chief Executive Officer, Northwest National 1997 Bank, Vancouver, Washington
Appointed by the Board of Governors Carol A. Whipple Owner and Manager, Rocking C Ranch, Elkton, Oregon 1995 Ross R. Runkel Professor of Law, Willamette University, Salem, Oregon 1996 Marvin R. O'Quinn Chief Operating Officer, Providence Portland Medical Center, 1997 Portland, Oregon
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544 Federal Reserve Bulletin • May 1995
Term expires DISTRICT 12—Continued December 31
SALT LAKE CITY BRANCH
Appointed by the Federal Reserve Bank Roy C. Nelson President, Bank of Utah, Ogden, Utah 1995 Daniel R. Nelson Chairman and Chief Executive Officer, West One Bancorp, 1996 Boise, Idaho Nancy Mortensen Vice President—Marketing, ZCMI, Salt Lake City, Utah 1996 Vacancy 1997
Appointed by the Board of Governors Richard E. Davis President and Chief Executive Officer, Salt Lake Convention & 1995 Visitors Bureau, Salt Lake City, Utah Constance G. Hogland Executive Director, Boise Neighborhood Housing Services, Inc., 1996 Boise, Idaho
Gerald R. Sherratt President, Southern Utah University, Cedar City, Utah 1997
SEATTLE BRANCH Appointed by the Federal Reserve Bank Constance L. Proctor Partner, Alston, Courtnage, MacAulay & Proctor, Seattle, Washington 1995 Tomio Moriguchi President, Uwajimaya, Inc., Seattle, Washington 1996 John V. Rindlaub Chairman and Chief Executive Officer, Seafirst Corporation, 1996 Seattle, Washington Thomas E. Cleveland Chairman and Chief Executive Officer, Enterprise Bank, 1997 Bellevue, Washington
Appointed by the Board of Governors Emilie A. Adams President and Chief Executive Officer, Better Business Bureau 1995 Foundation, Seattle, Washington George F. Russell, Jr. Chairman, Frank Russell Company, Tacoma, Washington 1996 William R. Wiley Senior Vice President for Science & Technology Policy, Battelle 1997 Memorial Institute, Richland, Washington
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Directors of Federal Reserve Banks and Branches
Regional decentralization and a combination of govern- Directors are chosen without discrimination as to race, mental and private characteristics are important hallmarks creed, color, sex, or national origin. of the uniqueness of the Federal Reserve System. Under Class A directors of each Reserve Bank represent the the Federal Reserve Act, decentralization was achieved by stockholding member banks of the Federal Reserve Dis- division of the country into twelve regions called Federal trict. Class B and Class C directors represent the public and Reserve Districts, and the establishment in each District of are chosen with due, but not exclusive, consideration to the a separately incorporated Federal Reserve Bank with its interests of agriculture, commerce, industry, services, labor, own board of directors. The blending of governmental and and consumers; they may not be officers, directors, or private characteristics is provided through ownership of the employees of any bank. In addition, Class C directors may stock of the Reserve Bank by member banks in its District, not be stockholders of any bank. The Board of Governors which also elect the majority of the board of directors, and designates annually one Class C director as chairman of by the general supervision of the Reserve Banks by the the board of directors of each District Bank and designates Board of Governors, an agency of the federal government. another Class C director as deputy chairman. The Board also appoints a minority of each board of Each of the twenty-five Branches of the Federal Reserve directors. Thus, there are essential elements of regional Banks has a board of either seven or five directors, a participation and counsel in the conduct of the System's majority of whom are appointed by the parent Federal affairs for which the Federal Reserve relies importantly on Reserve Bank; the others are appointed by the Board of the contributions of the directors of the Federal Reserve Governors. One of the Board's appointees is designated Banks and Branches. annually as chairman of the board of that Branch in a The following list of directors of Federal Reserve Banks manner prescribed by the parent Federal Reserve Bank. and Branches shows for each director the class of director- The names of the chairman and deputy chairman of the ship, the principal business affiliation, and the date the board of directors of each Reserve Bank and of the chair- current term expires. Each Federal Reserve Bank has nine man of each Branch are published monthly in the Federal members on its board of directors: The member banks elect Reserve Bulletin.1 the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. 1. The current list appears on page A86 of this Bulletin.
Term expires DISTRICT 1—BOSTON December 31 Class A G. Kenneth Perine President and Chief Executive Officer, National Bank of Middlebury, 1996 Middlebury, Vermont Jane C. Walsh President, Northmark Bank, North Andover, Massachusetts 1997 Marshall N. Carter Chairman and Chief Executive Officer, State Street Bank and Trust 1998 Company, Boston, Massachusetts Class B Stephen L. Brown Chairman and Chief Executive Officer, John Hancock Mutual Life 1996 Insurance Company, Boston, Massachusetts Edward Dugger III President and Chief Executive Officer, UNC Ventures, Inc., Boston, 1997 Massachusetts Robert R. Glauber Adjunct Lecturer, John F. Kennedy School of Government, Harvard 1998 University, Cambridge, Massachusetts Class C John E. Flynn Executive Director, The Quality Connection, East Dennis, Massachusetts 1996 Jerome H. Grossman Health Quality, Inc., Boston, Massachusetts 1997 William C. Brainard Chairman, Department of Economics, Yale University, New Haven, 1998 Connecticut
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Term expires DISTRICT 2—NEW YORK December 31
Class A Chairman and Chief Executive Officer, The First National Bank of Long 1996 J. William Johnson Island, Glen Head, New York Chairman and Chief Executive Officer, The Bank of New York, New York, 1997 J. Carter Bacot New York Chairman, President, and Chief Executive Officer, Manufacturers and 1998 Robert G. Wilmers Traders Trust Company, Buffalo, New York
Class B Sandra Feldman President, United Federation of Teachers, New York, New York 1996 Eugene R. McGrath Chief Executive Officer, Consolidated Edison Company of New York, Inc., 1997 New York, New York William C. Steere, Jr. Chairman and Chief Executive Officer, Pfizer Inc., New York, New York 1998
Class C John C. Whitehead Chairman, AEA Investors Inc., New York, New York 1996 Thomas W. Jones Vice Chairman, President, and Chief Operating Officer, Teachers Insurance 1997 and Annuity Association-College Retirement Equities Fund, New York, New York Peter G. Peterson Chairman, The Blackstone Group, New York, New York 1998
BUFFALO BRANCH
Appointed by the Federal Reserve Bank Louise C. Woerner Chairman and Chief Executive Officer, HCR, Rochester, New York 1996 William E. Swan President and Chief Executive Officer, Lockport Savings Bank, Lockport, 1997 New York Mark W. Adams Owner and Operator, Adams Poultry Farm, Naples, New York 1997 George W. Hamlin IV President and Chief Executive Officer, The Canandaigua National Bank 1998 and Trust Company, Canandaigua, New York
Appointed by the Board of Governors Joseph J. Castiglia Former President and Chief Executive Officer, Pratt & Lambert United, 1996 Inc., Buffalo, New York Louis J. Thomas Director, United Steelworkers of America, Buffalo, New York 1997 Bal Dixit President and Chief Executive Officer, Newtex Industries, Inc., Victor, 1998 New York
DISTRICT 3—PHILADELPHIA
Class A Terry K. Dunkle Chairman, United States National Bank, Johnstown, Pennsylvania 1996 Dennis W. DiLazzero President and Chief Executive Officer, Minotola National Bank, Vineland, 1997 New Jersey Albert B. Murry President and Chief Executive Officer, Lebanon Valley National Bank, 1998 Lebanon, Pennsylvania
Class B J. Richard Jones President and Chief Executive Officer, Jackson-Cross Company, 1996 Philadelphia, Pennsylvania Robert D. Burris President and Chief Executive Officer, Burris Foods, Inc., Milford, 1997 Delaware Howard E. Cosgrove Chairman, President, and Chief Executive Officer, Delmarva Power and 1998 Light Company, Wilmington, Delaware
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Directors of Federal Reserve Banks and Branches 471
Term expires DISTRICT 3—PHILADELPHIA—Continued December 31 Class C Joan Carter President and Chief Operating Officer, UM Holdings Ltd., Haddonfield, 1996 New Jersey Donald J. Kennedy Business Manager, International Brotherhood of Electrical Workers, Local 1997 Union No. 269, Trenton, New Jersey Charisse R. Lillie Partner, Ballard Spahr Andrews & Ingersoll, Philadelphia, Pennsylvania 1998
DISTRICT 4—CLEVELAND Class A Alfred C. Leist Chairman, President, and Chief Executive Officer, The Apple Creek 1996 Banking Company, Apple Creek, Ohio David S. Dahlmann President and Chief Executive Officer, Southwest National Corporation, 1997 Greensburg, Pennsylvania David A. Daberko Chairman and Chief Executive Officer, National City Corporation, 1998 Cleveland, Ohio Class B Thomas M. Nies President, Cincom Systems, Inc., Cincinnati, Ohio 1996 Michele Tolela Myers President, Denison University, Granville, Ohio 1997 I.N. Rendall Harper, Jr. President and Chief Executive Officer, American Micrographics Company, 1998 Inc., Monroeville, Pennsylvania Class C Robert Y. Farrington Executive Secretary-Treasurer, Ohio State Building and Construction 1996 Trades Council, Columbus, Ohio G. Watts Humphrey, Jr. President, GWH Holdings, Inc., Pittsburgh, Pennsylvania 1997 A. William Reynolds Chief Executive, Old Mill Group, Hudson, Ohio 1998
CINCINNATI BRANCH Appointed by the Federal Reserve Bank Judith G. Clabes Director, Special Projects, Scripps Howard, Cincinnati, Ohio 1996 Phillip R. Cox President, Cox Financial Corporation, Cincinnati, Ohio 1996 Jerry A. Grundhofer Chairman, President, and Chief Executive Officer, Star Banc Corporation, 1997 Cincinnati, Ohio Jean R. Hale President and Chief Executive Officer, Pikeville National Bank & Trust, 1998 Pikeville, Kentucky Appointed by the Board of Governors John N. Taylor, Jr. Chairman and Chief Executive Officer, Kurz-Kasch, Inc., Dayton, Ohio 1996 C. Wayne Shumate Chairman and Chief Executive Officer, Kentucky Textiles, Inc., Paris, 1997 Kentucky Thomas Revely III President and Chief Executive Officer, Cincinnati Bell Supply Co., 1998 Cincinnati, Ohio
PITTSBURGH BRANCH Appointed by the Federal Reserve Bank Randall L.C. Russell President and Chief Executive Officer, Ranbar Technology, Inc., Glenshaw, 1996 Pennsylvania Wesley W. von Schack Chairman, President, and Chief Executive Officer, DQE, Pittsburgh, 1996 Pennsylvania Thomas J. O'Shane President and Chief Executive Officer, First Western Bancorp, Inc., 1997 New Castle, Pennsylvania Edward V. Randall, Jr. President and CEO/Pittsburgh, PNC Bank, N.A., Pittsburgh, Pennsylvania 1998
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Term expires DISTRICT 4—CLEVELAND—Continued December 31
PITTSBURGH BRANCH—Continued Appointed by the Board of Governors Sandra L. Phillips Executive Director, Pittsburgh Partnership for Neighborhood Development, 1996 Pittsburgh, Pennsylvania John T. Ryan III Chairman, President, and Chief Executive Officer, Mine Safety Appliances 1997 Company, Pittsburgh, Pennsylvania Gretchen R. Haggerty Vice President and Treasurer, USX Corporation, Pittsburgh, Pennsylvania 1998
DISTRICT 5—RICHMOND Class A Chairman and Chief Executive Officer, Signet Banking Corporation, 1996 Robert M. Freeman Richmond, Virginia President and Chief Executive Officer, Horizon Bancorp, Inc., Greenbrier 1997 Philip L. McLaughlin Valley National Bank, Lewisburg, West Virginia Chairman and Chief Executive Officer, The National Capital Bank of 1998 George A. Didden III Washington, Washington, D.C. Class B Paul A. DelaCourt Chairman, The North Carolina Enterprise Corporation, Raleigh, 1996 North Carolina L. Newton Thomas, Jr. Senior Vice President (Retired), ITT/Carbon Industries, Inc., Charleston, 1997 West Virginia Craig A. Ruppert President and Owner, The Ruppert Companies, Ashton, Maryland 1998 Class C Stephen Brobeck Executive Director, Consumer Federation of America, Washington, D.C. 1996 Claudine B. Malone President, Financial & Management Consulting, Inc., McLean, Virginia 1997 Robert L. Strickland Chairman, Lowe's Companies, Inc., Winston-Salem, North Carolina 1998
BALTIMORE BRANCH Appointed by the Federal Reserve Bank Morton I. Rapoport, M.D. President and Chief Executive Officer, University of Maryland Medical 1996 System, Baltimore, Maryland Thomas J. Hughes President and Chief Executive Officer, Navy Federal Credit Union, Vienna, 1997 Virginia F. Levi Ruark Chairman, President, and Chief Executive Officer, The National Bank of 1997 Cambridge, Cambridge, Maryland Jeremiah E. Casey Chairman, First Maryland Bancorp, Baltimore, Maryland 1998 Appointed by the Board of Governors Michael R. Watson President, Association of Maryland Pilots, Baltimore, Maryland 1996 Rebecca Hahn Windsor Chairman and Chief Executive Officer, Hahn Transportation, Inc., 1997 New Market, Maryland Daniel R. Baker President and Chief Executive Officer, Tate Access Floors, Inc., Jessup, 1998 Maryland
CHARLOTTE BRANCH Appointed by the Federal Reserve Bank Jim M. Cherry, Jr. President and Chief Executive Officer, Williamsburg First National Bank, 1996 Kingstree, South Carolina Dorothy H. Aranda President, Dohara Associates, Inc., Hilton Head Island, South Carolina 1997 J. Walter McDowell President and Chief Executive Officer, Wachovia Bank of North Carolina, 1997 N.A., Winston-Salem, North Carolina William G. Stevens President and Chief Executive Officer, Greenwood Bank & Trust, 1998 Greenwood, South Carolina
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Directors of Federal Reserve Banks and Branches 473
Term expires
DISTRICT 5—RICHMOND—Continued December 31
CHARLOTTE BRANCH—Continued
Appointed by the Board of Governors Dennis D. Lowery Chief Executive Officer and Chairman, Continental Ltd., Charlotte, 1996 North Carolina Joan H. Zimmerman President, Southern Shows, Inc., Charlotte, North Carolina 1997 James O. Roberson President, Research Triangle Foundation of North Carolina, Research 1998 Triangle Park, North Carolina
DISTRICT 6—ATLANTA
Class A Chairman and Chief Executive Officer, SunTrust Banks, Inc., Atlanta, 1996 James B. Williams Georgia Chairman and Chief Executive Officer, Compass Bancshares, Inc., 1997 D. Paul Jones, Jr. Birmingham, Alabama Chairman and Chief Executive Officer, First Farmers and Merchants 1998 Waymon L. Hickman National Bank, Columbia, Tennessee
Class B Andre M. Rubenstein Chairman and Chief Executive Officer, Rubenstein Brothers, Inc., 1996 New Orleans, Louisiana Maria Camila Leiva Executive Vice President, Miami Free Zone Corporation, Miami, Florida 1997 Larry W. Kinderman President and Chief Executive Officer, Stockham Valves and Fittings, Inc., 1998 Birmingham, Alabama
Class C Daniel E. Sweat, Jr. Program Director, The America Project, Atlanta, Georgia 1996 Hugh M. Brown President and Chief Executive Officer, BAMSI, Inc., Titusville, Florida 1997 David R. Jones President and Chief Executive Officer, Atlanta Gas Light Company, 1998 Atlanta, Georgia
BIRMINGHAM BRANCH
Appointed by the Federal Reserve Bank Julian W. Banton Chairman, President, and Chief Executive Officer, SouthTrust Bank of 1996 Alabama, N.A., Birmingham, Alabama Marlin D. Moore, Jr. Chairman, Pritchett-Moore, Inc., Tuscaloosa, Alabama 1997 Columbus Sanders President, Consolidated Industries, Inc., Huntsville, Alabama 1997 J. Stephen Nelson Chairman and Chief Executive Officer, First National Bank of Brewton, 1998 Brewton, Alabama
Appointed by the Board of Governors Donald E. Boomershine President, The Better Business Bureau of Central Alabama, Inc. and the 1996 Counties of the Wiregrass, Birmingham, Alabama D. Bruce Carr International Representative, Laborers' International Union of North 1997 America, Gadsden, Alabama Patricia B. Compton President, Patco, Inc., Georgiana, Alabama 1998
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Term expires DISTRICT 6—ATLANTA—Continued December 31
JACKSONVILLE BRANCH
Appointed by the Federal Reserve Bank William G. Smith, Jr. President and Chief Executive Officer, Capital City Bank Group, 1996 Tallahassee, Florida Terry R. West Chief Executive Officer, Jax Navy Federal Credit Union, Jacksonville, 1997 Florida Arnold A. Heggestad Chester Holloway Professor of Entrepreneurship, University of Florida, 1997 Gainesville, Florida
Royce B. Walden Vice President, Ward Bradford & Company, Orlando, Florida 1998
Appointed by the Board of Governors Joan Dial Ruffier General Partner, Sunshine Cafes, Orlando, Florida 1996 Patrick C. Kelly Chairman and Chief Executive Officer, Physician Sales & Service, Inc., 1997 Jacksonville, Florida Judy Jones Executive Director, Florida Black Business Investment Board, Tallahassee, 1998 Florida
MIAMI BRANCH
Appointed by the Federal Reserve Bank Pat L. Tornillo, Jr. Executive Vice President, United Teachers of Dade, Miami, Florida 1996 Steven C. Shimp President, O-A-K/Florida, Inc., Fort Myers, Florida 1996 Carlos A. Migoya South Florida Regional President, First Union National Bank of Florida, 1997 Miami, Florida E. Anthony Newton President and Chief Executive Officer, Island National Bank and Trust 1998 Company, Palm Beach, Florida
Appointed by the Board of Governors Michael T. Wilson President, Vinegar Bend Farms, Inc., Belle Glade, Florida 1996 Kaaren Johnson-Street Vice President, Diversity Business Enterprise, Burger King Corporation, 1997 Miami, Florida R. Kirk Landon Chairman, American Bankers Insurance Group, Miami, Florida 1998
NASHVILLE BRANCH
Appointed by the Federal Reserve Bank Williams E. Arant, Jr. Chairman, First Knoxville Bank, Knoxville, Tennessee 1996 Jack J. Vaughn President, Hospitality & Attractions Group, Gaylord Entertainment 1997 Company, Nashville, Tennessee John E. Seward, Jr. President and Chief Executive Officer, Paty Lumber Company, Inc., 1997 Piney Flats, Tennessee
Dale W. Polley President, First American National Bank, Nashville, Tennessee 1998
Appointed by the Board of Governors Paula Lovell President, Lovell Communications, Inc., Nashville, Tennessee 1996 James E. Dalton, Jr. President and Chief Executive Officer, Quorum Health Group, Inc., 1997 Brentwood, Tennessee Frances F. Marcum Chairman and Chief Executive Officer, Micro Craft, Inc., Tullahoma, 1998 Tennessee
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Directors of Federal Reserve Banks and Branches 475
Term expires
DISTRICT 6—ATLANTA—Continued DECEMBER 31
NEW ORLEANS BRANCH Appointed by the Federal Reserve Bank Howard C. Gaines Chairman and Chief Executive Officer, First National Bank of Commerce, 1996 New Orleans, Louisiana Angus R. Cooper II Chairman and Chief Executive Officer, Cooper/T. Smith Corporation, 1997 Mobile, Alabama Kay L. Nelson President, Nelson Capital Corporation, New Orleans, Louisiana 1997 Howell N. Gage Chairman and Chief Executive Officer, Merchants Bank, Vicksburg, 1998 Mississippi
Appointed by the Board of Governors Victor Bussie President, Louisiana AFL-CIO, Baton Rouge, Louisiana 1996 Jo Ann Slaydon President, Slaydon Consultants and Insight Productions and Advertising, 1997 Baton Rouge, Louisiana Lucimarian Roberts President, Mississippi Coast Coliseum Commission, Biloxi, Mississippi 1998
DISTRICT 7—CHICAGO
Class A David W. Fox Chairman and Chief Executive Officer (Retired), Northern Trust 1996 Corporation and The Northern Trust Company, Chicago, Illinois Stefan S. Anderson Chairman, President, and Chief Executive Officer, First Merchants 1997 Corporation, Muncie, Indiana Arnold C. Schultz Chairman, President, and Chief Executive Officer, Grundy National Bank, 1998 Grundy Center, Iowa
Class B A. Charlene Sullivan Associate Professor of Management, Krannert Graduate School of 1996 Management, Krannert Center, Purdue University, West Lafayette, Indiana Thomas C. Don- President and Chief Executive Officer, Dorr's Pine Grove Farm Co., 1997 Marcus, Iowa Donald J. Schneider President, Schneider National, Inc., Green Bay, Wisconsin 1998
Class C Robert M. Healey Member, Illinois State Labor Relations Board, Chicago, Illinois 1996 Lester H. McKeever, Jr. Managing Partner, Washington, Pittman & McKeever, Chicago, Illinois 1997 Arthur C. Martinez Chairman and Chief Executive Officer, Sears, Roebuck & Co., 1998 Hoffman Estates, Illinois
DETROIT BRANCH
Appointed by the Federal Reserve Bank William E. Odom Chairman and Chief Executive Officer, Ford Motor Credit Company, 1996 Dearborn, Michigan Charles E. Allen President and Chief Executive Officer, Graimark Realty Advisors, Inc., 1996 Detroit, Michigan Charles R. Weeks Chairman and Chief Executive Officer, Citizens Banking Corporation, 1997 Flint, Michigan Richard M. Bell President and Chief Executive Officer, The First National Bank of Three 1998 Rivers, Three Rivers, Michigan
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Term expires
DISTRICT 7—CHICAGO—Continued December 31
DETROIT BRANCH—Continued Appointed by the Board of Governors Florine Mark President and Chief Executive Officer, The WW Group, Inc., Farmington 1996 Hills, Michigan John D. Forsyth President and Chief Executive Officer, University of Michigan Hospitals, 1997 Ann Arbor, Michigan Stephen R. Polk Chairman and Chief Executive Officer, R.L. Polk & Co., Detroit, Michigan 1998
DISTRICT 8—ST. LOUIS
Class A W.D. Glover Chairman and Chief Executive Officer, First National Bank of Eastern 1996 Arkansas, Forrest City, Arkansas Michael A. Alexander Chairman and President, The First National Bank of Mount Vernon, 1997 Mount Vernon, Illinois Douglas M. Lester Chairman and Chief Executive Officer, Trans Financial Bank, N.A., 1998 Bowling Green, Kentucky
Class B Warren R. Lee President, United Benefit Services, Inc., Louisville, Kentucky 1996 Sandra B. Sanderson President and Chief Executive Officer, Sanderson Plumbing Products, Inc., 1997 Columbus, Mississippi Richard E. Bell President and Chief Executive Officer, Riceland Foods, Inc., Stuttgart, 1998 Arkansas
Class C Veo Peoples, Jr. Partner, Peoples & Hale, St. Louis, Missouri 1996 Susan S. Elliott President and Chief Executive Officer, Systems Service Enterprises, Inc., 1997 St. Louis, Missouri John F. McDonnell Chairman, McDonnell Douglas Corporation, St. Louis, Missouri 1998
LITTLE ROCK BRANCH
Appointed by the Federal Reserve Bank Lee Frazier Vice President, St. Vincent Infirmary, Little Rock, Arkansas 1996 James V. Kelley Chairman, President, and Chief Executive Officer, First United Bancshares, 1996 Inc., El Dorado, Arkansas Lunsford W. Bridges President and Chief Executive Officer, Metropolitan National Bank, Little 1997 Rock, Arkansas Mark A. Shelton III President, M.A. Shelton Farming Company, Altheimer, Arkansas 1998
Appointed by the Board of Governors Janet M. Jones President, The Janet Jones Company, Little Rock, Arkansas 1996 Robert D. Nabholz, Jr. Chief Executive Officer, Nabholz Construction Corporation, Conway, 1997 Arkansas Betta M. Carney Chief Executive Officer and Chairman, World Wide Travel Service, Inc., 1998 Little Rock, Arkansas
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Directors of Federal Reserve Banks and Branches 97
Term expires DISTRICT 8—ST. LOUIS—Continued December 31
LOUISVILLE BRANCH
Appointed by the Federal Reserve Bank Charles D. Storms President and Chief Executive Officer, Red Spot Paint and Varnish 1996 Company, Inc., Evansville, Indiana Robert M. Hall Owner, East Fork Growers Farm, Seymour, Indiana 1996 Thomas E. Spragens, Jr. President, Farmers National Bank, Lebanon, Kentucky 1997 Malcolm B. Chancey, Jr. Chairman and Chief Executive Officer, Bank One, Kentucky, N.A., 1998 Louisville, Kentucky
Appointed by the Board of Governors John A. Williams Chairman and Chief Executive Officer, Computer Services, Inc., Paducah, 1996 Kentucky Debbie Scoppechio Chairman, President, and Chief Executive Officer, Creative Alliance, Inc., 1997 Louisville, Kentucky Roger Reynolds President and Chief Executive Officer, Material Resource Planners, Inc. 1998 and Interlink Inc., Louisville, Kentucky
MEMPHIS BRANCH
Appointed by the Federal Reserve Bank Katie S. Winchester President, First Citizens National Bank, Dyersburg, Tennessee 1996 Benjamin W. Rawlins, Jr. Chairman and Chief Executive Officer, Union Planters Corporation, Memphis, Tennessee 1996 Lewis F. Mallory, Jr. Chairman, President, and Chief Executive Officer, NBC Capital Corporation, Starkville, Mississippi 1997 Anthony M. Rampley President and Chief Executive Officer, Arkansas Glass Container Corporation, Jonesboro, Arkansas 1998
Appointed by the Board of Governors Woods E. Eastland President and Chief Executive Officer, Staple Cotton Cooperative 1996 Association, Greenwood, Mississippi Carol G. Crawley President, Mid-South Minority Business Council, Memphis, Tennessee 1997 John V. Myers President, Better Business Bureau, Memphis, Tennessee 1998
DISTRICT 9—MINNEAPOLIS Class A Jerry B. Melby President, First National Bank, Bowbells, North Dakota 1996 William S. Pickerign President, The Northwestern Bank of Chippewa Falls, Chippewa Falls, 1997 Wisconsin Vacancy 1998 Class B Clarence D. Mortenson President, M/C Professional Associates Inc., Pierre, South Dakota 1996 Kathryn L. Ogren Owner, Bitterroot Motors, Missoula, Montana 1997 Dennis W. Johnson President, TMI Systems Design Corporation, Dickinson, North Dakota 1998 Class C David A. Koch Chairman, Graco, Inc., Minneapolis, Minnesota 1996 Jean D. Kinsey Professor, Consumption Economics, and Director, Retail Food Industry 1997 Center, University of Minnesota, St. Paul, Minnesota James J. Howard Chairman, President, and Chief Executive Officer, Northern States Power 1998 Company, Minneapolis, Minnesota
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Term expires
DISTRICT 9—MINNEAPOLIS—Continued DECEMBER 31
HELENA BRANCH Appointed by the Federal Reserve Bank Donald E. Olsson, Jr. President, Ronan State Bank, Ronan, Montana 1996 Sandra M. Stash Manager, Montana Facilities, Atlantic Richfield Company (ARCO), 1996 Anaconda, Montana Ronald D. Scott President and Chief Executive Officer, The First State Bank of Malta, 1997 Malta, Montana
Appointed by the Board of Governors Lane W. Basso President, Deaconess Medical Center, Billings, Montana 1996 Matthew J. Quinn President, Carroll College, Helena, Montana 1997
DISTRICT 10—KANSAS CITY
Class A Lawrence W. Menefee Chairman and Chief Executive Officer, Union Colony Bank, Greeley, 1996 Colorado Samuel P. Baird President, Farmers State Bank & Trust Co., Superior, Nebraska 1997 William L. McQuillan President, Chief Executive Officer, and Director, City National Bank, 1998 Greeley, Nebraska
Class B Charles W. Nichols Managing Partner, Davison & Sons Cattle Company, Arnett, Oklahoma 1996 Jo Marie Dancik Area Managing Partner, Ernst & Young LLP, Denver, Colorado 1997 Frank A. Potenziani M & T Trust, Albuquerque, New Mexico 1998
Class C Executive Director, Kansas City Neighborhood Alliance, Kansas City, 1996 Colleen D. Hernandez Missouri Chairman, President, and Chief Executive Officer, Kansas City Power & 1997 A. Drue Jennings Light Company, Kansas City, Missouri Chairman and Chief Executive Officer, Godfather's Pizza, Inc., Omaha, 1998 Herman Cain Nebraska
DENVER BRANCH
Appointed by the Federal Reserve Bank Peter R. Decker President, Peter R. Decker & Associates, Denver, Colorado 1996 Richard I. Ledbetter President and Chief Executive Officer, First National Bank of Farmington, 1997 Farmington, New Mexico Clifford E. Kirk President and Chief Executive Officer, First National Bank of Gillette, 1997 Gillette, Wyoming
Albert C. Yates President, Colorado State University, Ft. Collins, Colorado 1998
Appointed by the Board of Governors Teresa N. McBride President and Chief Executive Officer, McBride and Associates, Inc., 1996 Albuquerque, New Mexico Donald E. Gallegos President, King Soopers, Denver, Colorado 1997 Peter I. Wold Partner, Wold Oil & Gas Company, Casper, Wyoming 1998
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Directors of Federal Reserve Banks and Branches 479
Term expires DISTRICT 10—KANSAS CITY—Continued December 31
OKLAHOMA CITY BRANCH
Appointed by the Federal Reserve Bank William H. Braum President, Braum Ice Cream Co., Oklahoma City, Oklahoma 1996 Michael S. Samis President and Chief Executive Officer, Macklanburg-Duncan Co., 1997 Oklahoma City, Oklahoma Betty Bryant Shaull President-Elect and Director, Bank of Cushing and Trust Company, 1998 Cushing, Oklahoma
Dennis M. Mitchell President, Citizens Bank of Ardmore, Ardmore, Oklahoma 1998 Appointed by the Board of Governors Hans Helmerich President and Chief Executive Officer, Helmerich & Payne, Inc., Tulsa, 1996 Oklahoma Victor R. Schock President and Chief Executive Officer, Credit Counseling Centers, Tulsa, 1997 Oklahoma Barry L. Eller Senior Vice President and General Manager, MerCruiser, Stillwater, 1998 Oklahoma
OMAHA BRANCH Appointed by the Federal Reserve Bank Bruce R. Lauritzen President, First National Bank of Omaha, Omaha, Nebraska 1996 Donald A. Leu President and Chief Executive Officer, Consumer Credit Counseling 1997 Service, Omaha, Nebraska Thomas H. Olson Chairman, First National Bank, Sidney, Nebraska 1997 Robert L. Peterson Chairman, President, and Chief Executive Officer, IBP, Inc., Dakota City, 1998 Nebraska Appointed by the Board of Governors LeRoy W. Thom President, T-L Irrigation Company, Hastings, Nebraska 1996 Arthur L. Shoener Executive Vice President-Operations, Union Pacific Railroad, Omaha, 1997 Nebraska Gladys Styles Johnston Chancellor, University of Nebraska at Kearney, Kearney, Nebraska 1998
DISTRICT 11—DALLAS Class A Gayle M. Earls President and Chief Executive Officer, Texas Independent Bank, Dallas, 1996 Texas Kirk A. McLaughlin President and Chief Executive Officer, Security Bank, Ralls, Texas 1997 Dudley K. Montgomery President and Chief Executive Officer, The Security State Bank of Pecos, 1998 Pecos, Texas Class B J.B. Cooper, Jr. Farmer, Roscoe, Texas 1996 Vacancy 1997 Milton Carroll Chairman and Chief Executive Officer, Instrument Products, Inc., Houston, 1998 Texas Class C James A. Martin Second General Vice President, International Association of Bridge, 1996 Structural, & Ornamental Iron Workers, Horseshoe Bay, Texas Cece Smith General Partner, Phillips-Smith Specialty Retail Group, Dallas, Texas 1997 Roger R. Hemminghaus Chairman, President, and Chief Executive Officer, Diamond Shamrock, 1998 Inc., San Antonio, Texas
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Term expires
DISTRICT 11—DALLAS—Continued December 31
EL PASO BRANCH Appointed by the Federal Reserve Bank Ben H. Haines, Jr. President and Chief Executive Officer, First National Bank of Dona Ana 1996 County, Las Cruces, New Mexico Veronica K. Callaghan Vice President and Principal, KASCO Ventures, Inc., El Paso, Texas 1996 Hugo Bustamante, Jr. Owner and Chief Executive Officer, CarLube, Inc., ProntoLube, Inc., 1997 El Paso, Texas
Lester L. Parker President and Chief Operating Officer, Bank of the West, El Paso, Texas 1998
Appointed by the Board of Governors Patricia Z. Holland-Branch President and Director of Design, PZH Contract Design, Inc., El Paso, 1996 Texas Alvin T. Johnson President, Management Assistance Corporation of America, El Paso, Texas 1997 Beauregard Brite White Rancher, J.E. White, Jr. & Sons, Marfa, Texas 1998
HOUSTON BRANCH
Appointed by the Federal Reserve Bank Judith B. Craven President, United Way of the Texas Gulf Coast, Houston, Texas 1996 Walter E. Johnson President and Chief Executive Officer, Southwest Bank of Texas, Houston, 1996 Texas Tieman H. Dippel, Jr. Chairman and President, Brenham Bancshares, Inc., Brenham, Texas 1997 J. Michael Solar Principal Attorney, Solar & Fernandes, L.L.P., Houston, Texas 1998
Appointed by the Board of Governors Robert C. McNair Chairman and Chief Executive Officer, Cogen Technologies, Inc., Houston, 1996 Texas Isaac H. Kempner III Chairman, Imperial Holly Corporation, Sugar Land, Texas 1997 Edward O. Gaylord Chairman, EOTT Energy Corp. and General Partner, EOTT Energy 1998 Partners, L.P., Houston, Texas
SAN ANTONIO BRANCH
Appointed by the Federal Reserve Bank Juliet V. Garcia President, The University of Texas at Brownsville, Brownsville, Texas 1996 Douglas G. Macdonald President, South Texas National Bank, Laredo, Texas 1996 Calvin R. Weinheimer President and Chief Operating Officer, Kerrville Communications 1997 Corporation, Kerrville, Texas Richard W. Evans, Jr. Chairman and Chief Executive Officer, Frost National Bank, San Antonio, 1998 Texas
Appointed by the Board of Governors Erich Wendl Vice President, Webro Investment Corporation, Corpus Christi, Texas 1996 H.B. Zachry, Jr. Chairman and Chief Executive Officer, H.B. Zachry Company, 1997 San Antonio, Texas Carol L. Thompson President, The Thompson Group, Austin, Texas 1998
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Directors of Federal Reserve Banks and Branches 481
Term expires
DISTRICT 12—SAN FRANCISCO DECEMBER 31
Class A Richard L. Mount Chairman, President, and Chief Executive Officer, Saratoga Bancorp, 1996 Saratoga, California Gerry B. Cameron Chairman and Chief Executive Officer, U.S. Bancorp, Portland, Oregon 1997 Warren K.K. Luke Vice Chairman, President, and Chief Executive Officer, Hawaii National 1998 Bank, Honolulu, Hawaii Class B Gary G. Michael Chairman and Chief Executive Officer, Albertson's, Inc., Boise, Idaho 1996 Krestine Corbin President and Chief Executive Officer, Sierra Machinery, Inc., Sparks, 1997 Nevada Stanley T. Skinner Chairman and Chief Executive Officer, Pacific Gas and Electric Co., 1998 San Francisco, California
Class C James A. Vohs Chairman and Chief Executive Officer (Retired), Kaiser Foundation Health 1996 Plan, Inc. and Kaiser Foundation Hospitals, Oakland, California Judith M. Runstad Partner, Foster Pepper & Shefelman, Seattle, Washington 1997 Cynthia A. Parker Executive Director, Anchorage Neighborhood Housing Services, Inc., 1998 Anchorage, Alaska
Los ANGELES BRANCH
Appointed by the Federal Reserve Bank Vacancy 1996 William S. Randall Scottsdale, Arizona 1997 Antonia Hernandez President and General Counsel, Mexican American Legal Defense and 1997 Educational Fund, Los Angeles, California Stephen G. Carpenter Chairman and Chief Executive Officer, California United Bank, N.A., 1998 Encino, California
Appointed by the Board of Governors Anita Landecker Western Regional Vice President, Local Initiatives Support Corporation, 1996 Los Angeles, California David L. Moore President, Western Growers Association, Irvine, California 1997 Anne L. Evans Chairman, Evans Hotels, San Diego, California 1998
PORTLAND BRANCH
Appointed by the Federal Reserve Bank Elizabeth K. Johnson President, TransWestern Aviation, Inc., Scappoose, Oregon 1996 Cecil W. Drinkward President and Chief Executive Officer, Hoffman Corporation, Portland, 1996 Oregon Thomas C. Young Chairman, President, and Chief Executive Officer, Northwest National 1997 Bank, Vancouver, Washington John D. Eskildsen President and Chief Executive Officer, U.S. National Bank of Oregon, 1998 Portland, Oregon
Appointed by the Board of Governors Ross R. Runkel Professor of Law, Willamette University, Salem, Oregon 1996 Marvin R. O'Quinn Chief Operating Officer, Providence Portland Medical Center, Portland, 1997 Oregon Carol A. Whipple Proprietor, Rocking C Ranch, Elkton, Oregon 1998
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1996
482 Federal Reserve Bulletin • May 1996
Term expires DISTRICT 12—SAN FRANCISCO—Continued DECEMBER 31
SALT LAKE CITY BRANCH
Appointed by the Federal Reserve Bank Nancy Mortensen Vice President-Marketing Services, ZCMI, Salt Lake City, Utah 1996 R.D. Cash Chairman, President, and Chief Executive Officer, Questar Corporation, 1997 Salt Lake City, Utah J. Pat McMurray Chairman, President, and Chief Executive Officer, First Security Bank of 1998 Idaho, Boise, Idaho
Roy C. Nelson President, Bank of Utah, Ogden, Utah 1998
Appointed by the Board of Governors Constance G. Hogland Executive Director, Boise Neighborhood Housing Services, Inc., Boise, 1996 Idaho Gerald R. Sherratt President, Southern Utah University, Cedar City, Utah 1997 Richard E. Davis President and Chief Executive Officer, Salt Lake Convention & Visitors 1998 Bureau, Salt Lake City, Utah
SEATTLE BRANCH
Appointed by the Federal Reserve Bank Tomio Moriguchi Chairman and Chief Executive Officer, Uwajimaya, Inc., Seattle, 1996 Washington John V. Rindlaub Chairman and Chief Executive Officer, Seafirst Bank, Seattle, Washington 1996 Thomas E. Cleveland Chairman and Chief Executive Officer, Access Business Finance, Bellevue, 1997 Washington
Constance L. Proctor Partner, Alston, Courtnage, MacAulay & Proctor, Seattle, Washington 1998
Appointed by the Board of Governors George F. Russell, Jr. Chairman, Frank Russell Company, Tacoma, Washington 1996 William R. Wiley Senior Vice President, Science & Technology Policy, Battelle Memorial 1997 Institute, Richland, Washington Helen M. Rockey President and Chief Executive Officer, Brooks Sports, Inc., Bothell, 1998 Washington
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
451
Directors of Federal Reserve Banks and Branches
Regional decentralization and a combination of govern- Directors are chosen without discrimination as to race, mental and private characteristics are important hallmarks creed, color, sex, or national origin. of the uniqueness of the Federal Reserve System. Under Class A directors of each Reserve Bank represent the the Federal Reserve Act. decentralization was achieved by stockholding member banks of the Federal Reserve Dis- division of the country into twelve regions called Federal trict. Class B and Class C directors represent the public and Reserve Districts, and the establishment in each District of are chosen with due, but not exclusive, consideration to the a separately incorporated Federal Reserve Bank with its interests of agriculture, commerce, industry, services, labor, own board of directors. The blending of governmental and and consumers; they may not be officers, directors, or private characteristics is provided through ownership of the employees of any bank. In addition, Class C directors may stock of the Reserve Bank by member banks in its District, not be stockholders of any bank. The Board of Governors which also elect the majority of the board of directors, and designates annually one Class C director as chairman of by the general supervision of the Reserve Banks by the the board of directors of each District Bank and designates Board of Governors, an agency of the federal government. another Class C director as deputy chairman. The Board also appoints a minority of each board of Each of the twenty-five Branches of the Federal Reserve directors. Thus, there are essential elements of regional Banks has a board of either seven or five directors, a participation and counsel in the conduct of the System's majority of whom are appointed by the parent Federal affairs for which the Federal Reserve relies importantly on Reserve Bank; the others are appointed by the Board of the contributions of the directors of the Federal Reserve Governors. One of the Board's appointees is designated Banks and Branches. annually as chairman of the board of that Branch in a The following list of directors of Federal Reserve Banks manner prescribed by the parent Federal Reserve Bank. and Branches shows for each director the class of director- The names of the chairman and deputy chairman of the ship, the principal business affiliation, and the date the board of directors of each Reserve Bank and of the chair- current term expires. Each Federal Reserve Bank has nine man of each Branch are published monthly in the Federal members on its board of directors: The member banks elect Reserve Bulletin.' the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. 1. The current list appears on page A86 of this Bulletin.
Term expires DISTRICT 1—BOSTON December 31 Class A Jane C. Walsh President, Northmark Bank, North Andover, Massachusetts 1997 Marshall N. Carter Chairman and Chief Executive Officer, State Street Bank and Trust 1998 Company. Boston. Massachusetts G. Kenneth Perine President and Chief Executive Officer, National Bank of Middlebury, 1999 Middlebury, Vermont Class B Edward Dugger III President and Chief Executive Officer. UNC Ventures, Inc., Boston, 1997 Massachusetts Robert R. Glauber Adjunct Lecturer, John F. Kennedy School of Government, Harvard 1998 University, Cambridge, Massachusetts Stephen L. Brown Chairman and Chief Executive Officer, John Hancock Mutual Life 1999 Insurance Company, Boston, Massachusetts Class C Frederick J. Mancheski Chairman Emeritus, Echlin Inc., Branford, Connecticut 1997 William C. Brainard Chairman, Department of Economics, Yale University, New Haven, 1998 Connecticut William O. Taylor Chairman and Chief Executive Office, The Boston Globe, Boston, 1999 Digitized for FRASER Massachusetts http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
452 Federal Reserve Bulletin • May 1997
Term expires DISTRICT 2—NEW YORK December 31
Class A Chairman and Chief Executive Officer, The Bank of New York, New York, 1997 J. Carter Bacot New York Chairman, President, and Chief Executive Officer, Manufacturers and 1998 Robert G. Wilmers Traders Trust Company, Buffalo, New York President and Chief Executive Officer, The Canandaigua National Bank 1999 George W. Hamlin IV and Trust Company, Canandaigua, New York Class B Eugene R. McGrath Chief Executive Officer, Consolidated Edison Company of New York, Inc., 1997 New York, New York William C. Steere, Jr. Chairman and Chief Executive Officer, Pfizer Inc., New York, New York 1998 Ann Marie Fudge President, Maxwell House Coffee Co., White Plains, New York 1999 Class C Thomas W. Jones Vice Chairman, President, and Chief Operating Officer, Teachers Insurance 1997 and Annuity Association-College Retirement Equities Fund, New York, New York Peter G. Peterson Chairman, The Blackstone Group, New York, New York 1998 John C. Whitehead Chairman, AEA Investors Inc., New York, New York 1999
BUFFALO BRANCH
Appointed by the Federal Reserve Bank William E. Swan President and Chief Executive Officer, Lockport Savings Bank, Lockport, 1997 New York Mark W. Adams Owner and Operator, Adams Poultry Farm, Naples, New York 1997 Kathleen R. Whelehan Regional President, Marine Midland Bank, Rochester, New York 1998 Louise C. Woerner Chairman and Chief Executive Officer, HCR, Rochester, New York 1999 Appointed by the Board of Governors Louis J. Thomas Director, District 4, United Steelworkers of America, Buffalo, New York 1997 Bal Dixit President and Chief Executive Officer, Newtex Industries. Inc., 1998 Victor, New York Patrick P. Lee Chairman and Chief Executive Officer, International Motion Control, Inc., 1999 Orchard Park, New York
DISTRICT 3—PHILADELPHIA
Class A President and Chief Executive Officer, Minotola National Bank, Vineland, 1997 Dennis W. DiLazzero New Jersey President and Chief Executive Officer, Lebanon Valley National Bank, 1998 Albert B. Murry Lebanon. Pennsylvania President and Chief Executive Officer, Omega Bank, N.A., State College, 1999 David B. Lee Pennsylvania Class B President and Chief Executive Officer, Burris Foods, Inc., Milford, 1997 Robert D. Burris Delaware Chairman, President, and Chief Executive Officer, Delmarva Power and 1998 Howard E. Cosgrove Light Company, Wilmington, Delaware President and Chief Executive Officer, Jackson-Cross Company, 1999 J. Richard Jones Philadelphia, Pennsylvania Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
Directors of Federal Reserve Banks and Branches 453
Term expires DISTRICT 3—PHILADELPHIA—Continued December 31 Class C Donald J. Kennedy Business Manager, International Brotherhood of Electrical Workers, 1997 Local Union No. 269, Trenton, New Jersey Charisse R. Lillie Partner, Ballard Spahr Andrews & Ingersoll, Philadelphia, Pennsylvania 1998 Joan Carter President and Chief Operating Officer, UM Holdings Ltd., Haddonfield, 1999 New Jersey
DISTRICT 4—CLEVELAND
Class A President and Chief Executive Officer, Southwest National Corporation, 1997 David S. Dahlmann Greensburg, Pennsylvania Chairman and Chief Executive Officer, National City Corporation, 1998 David A. Daberko Cleveland, Ohio Chairman and President, Heartland BancCorp, Gahanna, Ohio 1999 Tiney M. McComb Class B Michele Tolela Myers President, Denison University, Granville, Ohio 1997 I.N. Rendall Harper, Jr. President and Chief Executive Officer, American Micrographics Company, 1998 Inc., Monroeville, Pennsylvania David L. Nichols Chief Executive Officer and Chairman, Mercantile Stores Inc., Fairfield, 1999 Ohio Class C G. Watts Humphrey, Jr. President, GWH Holdings, Inc., Pittsburgh, Pennsylvania 1997 David H. Hoag Chairman and Chief Executive Officer, The LTV Corporation, Cleveland, 1998 Ohio Executive Secretary-Treasurer, Ohio State Building and Construction 1999 Robert Y. Farrington Trades Council, Columbus, Ohio
CINCINNATI BRANCH Appointed by the Federal Reserve Bank Jerry A. Grundhofer Chairman, President, and Chief Executive Officer, Star Bane Corporation, 1997 Cincinnati, Ohio Jean R. Hale President and Chief Executive Officer, Community Trust Bank, N.A., 1998 Pikeville, Kentucky Judith G. Clabes President and Chief Executive Officer, Scripps Howard, Cincinnati, Ohio 1999 Phillip R. Cox President, Cox Financial Corporation, Cincinnati, Ohio 1999
Appointed by the Board of Governors C. Wayne Shumate Chairman and Chief Executive Officer, Kentucky Textiles, Inc., Paris, 1997 Kentucky Thomas Revely III President and Chief Executive Officer, Cincinnati Bell Supply Co., 1998 Cincinnati, Ohio George C. Juilfs President and Chief Executive Officer, SENCORP, Newport, Kentucky 1999
PITTSBURGH BRANCH
Appointed by the Federal Reserve Bank Thomas J. O'Shane Chairman, President, and Chief Executive Officer, First Western Bancorp, 1997 Inc., New Castle, Pennsylvania Edward V. Randall, Jr. President and CEO/Pittsburgh, PNC Bank, N.A., Pittsburgh, Pennsylvania 1998 Christine J. Toretti President, S.W. Jack Drilling Co., Indiana, Pennsylvania 1999 Peter N. Stephans President, Dynamet Incorporated, Washington, Pennsylvania 1999 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
454 Federal Reserve Bulletin • May 1997
Term expires DISTRICT 4—CLEVELAND—Continued December 31
PITTSBURGH BRANCH—Continued Appointed by the Board of Governors John T. Ryan III Chairman, President, and Chief Executive Officer, Mine Safety Appliances 1997 Company, Pittsburgh, Pennsylvania Gretchen R. Haggerty Vice President and Treasurer, USX Corporation, Pittsburgh, Pennsylvania 1998 Charles E. Bunch Vice President, Fiber Glass, PPG Industries, Inc., Pittsburgh, Pennsylvania 1999
DISTRICT 5—RICHMOND Class A Philip L. McLaughlin President, Horizon Bancorp, Inc., Greenbrier Valley National Bank, 1997 Lewisburg, West Virginia George A. Didden III Chairman and Chief Executive Officer, The National Capital Bank of 1998 Washington, Washington, D.C. J. Walter McDowell President, Wachovia Bank of North Carolina, N.A., Winston-Salem, North 1999 Carolina Class B L. Newton Thomas, Jr. Senior Vice President (Retired), ITT/Carbon Industries, Inc., Charleston, 1997 West Virginia Craig A. Ruppert President and Owner, The Ruppert Companies, Ashton, Maryland 1998 Wesley S. Williams, Jr. Partner, Covington & Burling, Washington, D.C. 1999 Class C Claudine B. Malone President, Financial & Management Consulting, Inc., McLean, Virginia 1997 Robert L. Strickland Chairman, Lowe's Companies, Inc., Winston-Salem, North Carolina 1998 Jeremiah J. Sheehan Chairman and Chief Executive Officer, Reynolds Metals Company, 1999 Richmond, Virginia
BALTIMORE BRANCH
Appointed by the Federal Reserve Bank Thomas J. Hughes Second Vice Chairman, Navy Federal Credit Union, Merrifield, Virginia 1997 F. Levi Ruark Chairman, President, and Chief Executive Officer, The National Bank of 1997 Cambridge, Cambridge, Maryland Jeremiah E. Casey Chairman, First Maryland Bancorp, Baltimore, Maryland 1998 Morton I. Rapoport President and Chief Executive Officer, University of Maryland Medical 1999 System, Baltimore, Maryland Appointed by the Board of Governors Rebecca Hahn Windsor Chairman and Chief Executive Officer, Hahn Transportation, Inc., 1997 New Market, Maryland Daniel R. Baker President and Chief Executive Officer, Tate Access Floors, Inc., Jessup, 1998 Maryland George L. Russell, Jr. Partner, Piper & Marbury L.L.P., Baltimore, Maryland 1999
CHARLOTTE BRANCH
Appointed by the Federal Reserve Bank Dorothy H. Aranda President, Dohara Associates, Inc., Hilton Head Island, South Carolina 1997 Cecil W. Sewell, Jr. Chairman and Chief Executive Officer, Centura Banks, Inc., Rocky Mount, 1997 North Carolina William G. Stevens President and Chief Executive Officer, Greenwood Bank & Trust, 1998 Greenwood, South Carolina Laura M. Fleming President and Chief Executive Officer, Founders Federal Credit Union, 1999 Lancaster, South Carolina
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
Directors of Federal Reserve Banks and Branches 455
Term expires DISTRICT 5—RICHMOND—Continued December 31 CHARLOTTE BRANCH—Continued Appointed by the Board of Governors Joan H. Zimmerman President, Southern Shows, Inc., Charlotte, North Carolina 1997 James O. Roberson President, Research Triangle Foundation of North Carolina, Research 1998 Triangle Park, North Carolina Dennis D. Lowery Chief Executive Officer and Chairman, Continental Industrial 1999 Chemicals, Inc., Charlotte, North Carolina DISTRICT 6—ATLANTA
Class A D. Paul Jones, Jr. Chairman and Chief Executive Officer, Compass Bancshares, Inc., 1997 Birmingham, Alabama Waymon L. Hickman Chairman and Chief Executive Officer, First Farmers and Merchants 1998 National Bank, Columbia, Tennessee Howard L. McMillan, Jr. President and Chief Operating Officer, Deposit Guaranty National Bank, 1999 Jackson, Mississippi Class B Maria Camila Leiva Executive Vice President, Miami Free Zone Corporation, Miami, Florida 1997 Vacancy 1998 Juanita P. Baranco Executive Vice President, Baranco Automotive Group, Atlanta, Georgia 1999 Class C Hugh M. Brown President and Chief Executive Officer, BAMSI, Inc., Titusville, Florida 1997 David R. Jones President and Chief Executive Officer, AGL Resources Inc., Atlanta, 1998 Georgia John Wieland President, John Wieland Homes, Inc., Atlanta, Georgia 1999
BIRMINGHAM BRANCH
Appointed by the Federal Reserve Bank Marlin D. Moore, Jr. Chairman, Pritchett-Moore, Inc., Tuscaloosa, Alabama 1997 Columbus Sanders President, Consolidated Industries, Inc., Huntsville, Alabama 1997 J. Stephen Nelson Chairman and Chief Executive Officer, First National Bank of Brewton, 1998 Brewton, Alabama W. Charles Mayer III Senior Executive Vice President, Alabama Banking Group Head, AmSouth 1999 Bank of Alabama, Birmingham, Alabama Appointed by the Board of Governors D. Bruce Carr International Representative, Laborers' International Union of North 1997 America, Gadsden, Alabama Patricia B. Compton President, Patco, Inc., Georgiana, Alabama 1998 V. Larkin Martin Managing Partner, Martin Farm, Courtland, Alabama 1999
JACKSONVILLE BRANCH
Appointed by the Federal Reserve Bank Terry R. West President and Chief Executive Officer, Jax Navy Federal Credit Union, 1997 Jacksonville, Florida Arnold A. Heggestad Professor of Finance and Associate Vice President of Research and 1997 Technology, College of Business Administration, University of Florida, Gainesville, Florida, Royce B. Walden Vice President, SouthTrust Securities, Orlando, Florida 1998 William G. Smith, Jr. President and Chief Executive Officer, Capital City Bank Group, 1999 Tallahassee, Florida Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
456 Federal Reserve Bulletin • May 1997
Term expires DISTRICT 6—ATLANTA—Continued December 31 JACKSONVILLE BRANCH—Continued Appointed by the Board of Governors Patrick C. Kelly Chairman and Chief Executive Officer, Physician Sales & Service, Inc., 1997 Jacksonville, Florida Judy Jones President, J.R. Jones and Associates, Tallahassee, Florida 1998 Marsha G. Rydberg President, Rydberg & Goldstein, P.A., Tampa, Florida 1999
MIAMI BRANCH
Appointed by the Federal Reserve Bank Carlos A. Migoya President, Dade/Monroe Counties, First Union National Bank of Florida, 1997 Miami, Florida E. Anthony Newton President and Chief Executive Officer, Island National Bank and Trust 1998 Company, Palm Beach, Florida D. Keith Cobb Vice Chairman and Chief Executive Officer. Alamo Rent-A-Car, Inc., 1999 Ft. Lauderdale, Florida James W. Moore President, Gulf Utility Company, Fort Myers, Florida 1999 Appointed by the Board of Governors Kaaren Johnson-Street Vice President of Minority Business Development, Enterprise Florida, 1997 Miami, Florida R. Kirk Landon Chairman, American Bankers Insurance Group, Miami, Florida 1998 Mark T. Sodders President, Lakeview Farms, Inc., Pahokee, Florida 1999
NASHVILLE BRANCH Appointed by the Federal Reserve Bank Jack J. Vaughn President, Hospitality & Attractions Group, Gaylord Entertainment 1997 Company, Nashville, Tennessee John E. Seward, Jr. President and Chief Executive Officer, Paty Lumber Company, Inc., 1997 Piney Flats, Tennessee Dale W. Polley President, First American National Bank, Nashville, Tennessee 1998 L.A. Walker, Jr. Chairman and Chief Executive Officer, First National Bank and Trust 1999 Company, Athens, Tennessee Appointed by the Board of Governors James E. Dalton, Jr. President and Chief Executive Officer, Quorum Health Group, Inc., 1997 Brentwood, Tennessee Frances F. Marcum Chairman and Chief Executive Officer, Micro Craft, Inc., Tullahoma, 1998 Tennessee Paula Lovell President, Lovell Communications, Inc., Nashville. Tennessee 1999
NEW ORLEANS BRANCH
Appointed by the Federal Reserve Bank Angus R. Cooper II Chairman and Chief Executive Officer, Cooper/T. Smith Corporation, 1997 Mobile, Alabama Kay L. Nelson President, Nelson Capital Corporation, New Orleans, Louisiana 1997 Howell N. Gage Chairman and Chief Executive Officer, Merchants Bank, Vicksburg, 1998 Mississippi Howard C. Gaines Chairman, First National Bank of Commerce, New Orleans, Louisiana 1999 Appointed by the Board of Governors Jo Ann Slaydon President, Slaydon Consultants and Insight Productions and Advertising, 1997 Baton Rouge, Louisiana Lucimarian Roberts President, Mississippi Coast Coliseum Commission, Biloxi, Mississippi 1998 Glenn Pumpelly President and Chief Executive Officer, Pumpelly Oil Inc., Westlake, 1999 Digitized for FRASER Louisiana http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
Directors of Federal Reserve Banks and Branches 457
Term expires DISTRICT 7—CHICAGO December 31 Class A Chairman, President, and Chief Executive Officer, First Merchants 1997 Stefan S. Anderson Corporation, Muncie, Indiana Chairman, President, and Chief Executive Officer, Grundy National Bank, 1998 Arnold C. Schultz Grundy Center, Iowa Chairman, President, and Chief Executive Officer, First Chicago NBD 1999 Verne G. Istock Corporation, Chicago, Illinois Class B Thomas C. Don- President and Chief Executive Officer, Dorr's Pine Grove Farm Co., 1997 Marcus, Iowa Donald J. Schneider President, Schneider National, Inc., Green Bay, Wisconsin 1998 Migdalia Rivera Executive Director, Latino Institute, Chicago, Illinois 1999 Class C Lester H. McKeever, Jr. Managing Partner, Washington, Pittman & McKeever, Chicago, Illinois 1997 Arthur C. Martinez Chairman and Chief Executive Officer, Sears, Roebuck & Co., 1998 Hoffman Estates, Illinois Robert J. Darnall Chairman, President, and Chief Executive Officer, Inland Steel Industries, 1999 Inc., Chicago, Illinois
DETROIT BRANCH
Appointed by the Federal Reserve Bank Charles R. Weeks Chairman and Chief Executive Officer, Citizens Banking Corporation, 1997 Flint, Michigan Richard M. Bell President and Chief Executive Officer, The First National Bank of Three 1998 Rivers, Three Rivers, Michigan Denise Hitch Lites President, Olympia Development, Inc., Detroit, Michigan 1999 Irma B. Elder President, Troy Ford, Troy, Michigan 1999 Appointed by the Board of Governors Timothy D. Leuliette President and Chief Operating Officer, Penske Corporation, Detroit, 1997 Michigan Stephen R. Polk Chairman and Chief Executive Officer, R.L. Polk & Co., Detroit, Michigan 1998 Florine Mark President and Chief Executive Officer, The WW Group, Inc., Farmington 1999 Hills, Michigan
DISTRICT 8—ST. LOUIS
Class A Chairman and President, The First National Bank of Mount Vernon, 1997 Michael A. Alexander Mount Vernon, Illinois Chairman and Chief Executive Officer, Sea Change Corp., N.A., Bowling 1998 Douglas M. Lester Green, Kentucky Chairman, Chief Executive Officer, and Director, First National Bank of 1999 W.D. Glover Eastern Arkansas, Forrest City, Arkansas Class B President and Chief Executive Officer, Sanderson Plumbing Products, Inc., 1997 Sandra B. Sanderson Columbus, Mississippi President and Chief Executive Officer, Riceland Foods, Inc., Stuttgart, 1998 Richard E. Bell Arkansas Digitized for FRASER Executive Director, New Directions Housing Corp., Louisville, Kentucky 1999 Joe Gliessner http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
458 Federal Reserve Bulletin • May 1997
Term expires DISTRICT 8—ST. LOUIS—Continued December 31 Class C Susan S. Elliott President and Chief Executive Officer, Systems Service Enterprises, Inc., 1997 St. Louis, Missouri John F. McDonnell Chairman, McDonnell Douglas Corporation, St. Louis, Missouri 1998 Veo Peoples, Jr. Partner, Peoples & Hale, St. Louis, Missouri 1999
LITTLE ROCK BRANCH
Appointed by the Federal Reserve Bank Lunsford W. Bridges President and Chief Executive Officer, Metropolitan National Bank, 1997 Little Rock, Arkansas Mark A. Shelton III President, M.A. Shelton Farming Company, Wabbaseka, Arkansas 1998 Lee Frazier President, Trinity Healthcare, Little Rock, Arkansas 1999 Ross M. Whipple Chairman and Chief Executive Officer, Horizon Bancorp, Inc., 1999 Arkadelphia, Arkansas Appointed by the Board of Governors Robert D. Nabholz, Jr.. Chief Executive Officer, Nabholz Construction Corporation, Conway, 1997 Arkansas Betta M. Carney Chief Executive Officer and Chairman, World Wide Travel Service, Inc., 1998 Little Rock, Arkansas Janet M. Jones President, The Janet Jones Company, Little Rock, Arkansas 1999
LOUISVILLE BRANCH
Appointed by the Federal Reserve Bank Thomas E. Spragens, Jr. President, Farmers National Bank, Lebanon, Kentucky 1997 Orson Oliver President, Mid-America Bank of Louisville, Louisville, Kentucky 1998 Larry E. Dunigan Chief Executive Officer, Holiday Management Corp., Evansville, Indiana 1999 Ronald R. Cyrus Executive Secretary and Treasurer, Kentucky State AFL-CIO, Frankfort, 1999 Kentucky Appointed by the Board of Governors Debbie Scoppechio Chairman and Chief Executive Officer, Creative Alliance, Inc., Louisville, 1997 Kentucky Roger Reynolds President and Chief Executive Officer, Material Resource Planners, Inc. 1998 and Interlink Inc., Louisville, Kentucky John A. Williams Chairman and Chief Executive Officer, Computer Services, Inc., Paducah, 1999 Kentucky
MEMPHIS BRANCH
Appointed by the Federal Reserve Bank Lewis F. Mallory, Jr. Chairman and Chief Executive Officer, National Bank of Commerce of 1997 Mississippi, Starkville, Mississippi Anthony M. Rampley President and Chief Executive Officer, Arkansas Glass Container 1998 Corporation, Jonesboro, Arkansas Katie S. Winchester President and Chief Executive Office, First Citizens National Bank, 1999 Dyersburg, Tennessee John C. Kelley, Jr. President, Memphis Banking Group, First Tennessee Bank, Memphis, 1999 Tennessee Appointed by the Board of Governors Carol G. Crawley President, Mid-South Minority Business Council, Memphis, Tennessee 1997 John V. Myers President, Better Business Bureau, Memphis, Tennessee 1998 Mike P. Sturdivant, Jr. Partner, Due West, Glendora, Mississippi 1999 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
Directors of Federal Reserve Banks and Branches 459
Term expires DISTRICT 9—MINNEAPOLIS December 31
Class A William S. Pickerign President, The Northwestern Bank of Chippewa Falls, Chippewa Falls, 1997 Wisconsin Dale J. Emmel President, First National Bank of Sauk Centre, Sauk Centre, Minnesota 1998 Lynn M. Hoghaug President, Ramsey National Bank and Trust Co., Devils Lake, 1999 North Dakota
Class B Kathryn L. Ogren Owner, Bitterroot Motors, Missoula, Montana 1997 Dennis W. Johnson President, TMI Systems Design Corporation, Dickinson, North Dakota 1998 Rob L. Wheeler Vice President, Wheeler Mfg. Co., Inc., Lemmon, South Dakota 1999
Class C Jean D. Kinsey Professor, Consumption Economics, and Director, Retail Food Industry 1997 Center, University of Minnesota, St. Paul, Minnesota James J. Howard Chairman, President, and Chief Executive Officer, Northern States Power 1998 Company, Minneapolis, Minnesota David A. Koch Chairman, Graco, Inc., Golden Valley, Minnesota 1999
HELENA BRANCH
Appointed by the Federal Reserve Bank Ronald D. Scott President and Chief Executive Officer, The First State Bank of Malta, 1997 Malta, Montana Emil W. Erhardt Chairman and President, Citizens State Bank, Hamilton, Montana 1998 Sandra M. Stash Manager, Montana Facilities, Atlantic Richfield Company (ARCO), 1998 Anaconda, Montana Appointed by the Board of Governors Matthew J. Quinn President, Carroll College, Helena, Montana 1997 William P. Underriner General Manager, Selover Buick Inc., Billings, Montana 1998
DISTRICT 10—KANSAS CITY
Class A Samuel P. Baird President, Farmers State Bank & Trust Co., Superior, Nebraska 1997 William L. McQuillan President, Chief Executive Officer, and Director, City National Bank, 1998 Greeley, Nebraska Dennis E. Barrett President, FirstBank Holding Company of Colorado, Lakewood, Colorado 1999
Class B Hans Helmerich President and Chief Executive Officer, Helmerich & Payne, Inc., Tulsa, 1997 Oklahoma Frank A. Potenziani M & T Trust, Albuquerque, New Mexico 1998 Charles W. Nichols Managing Partner, Davison & Sons Cattle Company, Arnett, Oklahoma 1999
Class C A. Drue Jennings Chairman, President, and Chief Executive Officer, Kansas City Power & 1997 Light Company, Kansas City, Missouri Jo Marie Dancik Office Managing Partner, Ernst & Young LLP, Denver, Colorado 1998 Colleen D. Hernandez Executive Director, Kansas City Neighborhood Alliance, Kansas City, 1999 Missouri Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
460 Federal Reserve Bulletin • May 1997
Term expires DISTRICT 10—KANSAS CITY—Continued December 31
DENVER BRANCH
Appointed by the Federal Reserve Bank Richard I. Ledbetter President and Chief Executive Officer, First National Bank of Farmington, 1997 Farmington, New Mexico Clifford E. Kirk President and Chief Executive Officer, First National Bank of Gillette, 1997 Gillette, Wyoming Albert C. Yates President, Colorado State University, Ft. Collins, Colorado 1998 C.G. Mammel President and Chief Executive Officer, The Bank of Cherry Creek, N.A., 1999 Denver, Colorado Appointed by the Board of Governors Kathryn A. Paul President, Kaiser Permanente, Denver, Colorado 1997 Peter I. Wold Partner, Wold Oil & Gas Company, Casper, Wyoming 1998 Teresa N. McBride President and Chief Executive Officer, McBride and Associates, Inc., 1999 Albuquerque, New Mexico
OKLAHOMA CITY BRANCH
Appointed by the Federal Reserve Bank Michael S. Samis President and Chief Executive Officer, Macklanburg-Duncan Co., 1997 Oklahoma City, Oklahoma Betty Bryant Shaull President-Elect and Director, Bank of Cushing and Trust Company, 1998 Cushing, Oklahoma Dennis M. Mitchell President, Citizens Bank of Ardmore, Ardmore, Oklahoma 1998 William H. Braum President, Braum Ice Cream Co., Oklahoma City, Oklahoma 1999
Appointed by the Board of Governors Victor R. Schock President and Chief Executive Officer, Credit Counseling Centers, Tulsa, 1997 Oklahoma Barry L. Eller Senior Vice President and General Manager, MerCruiser, Stillwater, 1998 Oklahoma Larry W. Brummett Chairman, President, and Chief Executive Officer, ONEOK, Inc., Tulsa, 1999 Oklahoma
OMAHA BRANCH
Appointed by the Federal Reserve Bank Donald A. Leu President and Chief Executive Officer, Consumer Credit Counseling 1997 Service, Omaha, Nebraska Thomas H. Olson Chairman, First National Bank, Sidney, Nebraska 1997 Robert L. Peterson Chairman, President, and Chief Executive Officer, IBP, Inc., Dakota City, 1998 Nebraska Bruce R. Lauritzen President, First National Bank of Omaha, Omaha, Nebraska 1999
Appointed by the Board of Governors Arthur L. Shoener Executive Vice President-Operations, Union Pacific Railroad, Omaha, 1997 Nebraska Gladys Styles Johnston Chancellor, University of Nebraska at Kearney, Kearney, Nebraska 1998 Bob L. Gottsch Vice President, Gottsch Feeding Corporation, Hastings, Nebraska 1999
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
Directors of Federal Reserve Banks and Branches 461
Term expires DISTRICT 11—DALLAS December 31
Class A Kirk A. McLaughlin President and Chief Executive Officer, Security Bank, Rails, Texas 1997 Dudley K. Montgomery President and Chief Executive Officer, The Security State Bank of Pecos, 1998 Pecos, Texas Gayle M. Earls President and Chief Executive Officer, Texas Independent Bank, Dallas, 1999 Texas Class B Robert C. McNair Chairman and Chief Executive Officer, Cogen Technologies Energy Group, 1997 Houston, Texas Milton Carroll Chairman and Chief Executive Officer, Instrument Products, Inc., Houston, 1998 Texas Dan Angel President, Stephen F. Austin State University, Nacogdoches, Texas 1999 Class C Cece Smith General Partner, Phillips-Smith Specialty Retail Group, Dallas, Texas 1997 Roger R. Hemminghaus Chairman and Chief Executive Officer, Ultramar Diamond Shamrock 1998 Corp., San Antonio, Texas James A. Martin Second General Vice President, International Association of Bridge, 1999 Structural & Ornamental Iron Workers, Horseshoe Bay, Texas
EL PASO BRANCH
Appointed by the Federal Reserve Bank Hugo Bustamante, Jr. Owner and Chief Executive Officer, CarLube, Inc., ProntoLube, Inc., 1997 El Paso, Texas Lester L. Parker President and Chief Operating Officer, Bank of the West, El Paso, Texas 1998 James D. Renfrew President and Chief Executive Officer, The Carlsbad National Bank, 1999 Carlsbad, New Mexico Melissa W. O'Rourke President, Charlotte's Inc. & Ethan Allen, El Paso, El Paso, Texas 1999 Appointed by the Board of Governors Alvin T. Johnson President, Management Assistance Corporation of America, El Paso, Texas 1997 Beauregard Brite White Rancher, J.E. White, Jr. & Sons, Marfa, Texas 1998 Patricia Z. Holland-Branch President and Chief Executive Officer, PZH Contract Design, Inc., El Paso, 1999 Texas
HOUSTON BRANCH
Appointed by the Federal Reserve Bank Tieman H. Dippel, Jr. Chairman and President, Brenham Bancshares, Inc., Brenham, Texas 1997 J. Michael Solar Principal Attorney, Solar & Fernandes L.L.P. Houston, Texas 1998 Judith B. Craven President, United Way of the Texas Gulf Coast, Houston, Texas 1999 Ray Nesbitt President, Exxon Chemical Company, Houston, Texas 1999 Appointed by the Board of Governors Isaac H. Kempner III Chairman, Imperial Holly Corporation, Sugar Land, Texas 1997 Edward O. Gaylord Chairman, EOTT Energy Corp. and General Partner, EOTT Energy 1998 Partners L.P., Houston, Texas Peggy Pearce Caskey Chief Executive Officer, Laboratories for Genetic Services, Inc., Houston, 1999 Texas
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
462 Federal Reserve Bulletin • May 1997
Term expires DISTRICT 11—DALLAS—Continued December 31
SAN ANTONIO BRANCH
Appointed by the Federal Reserve Bank Calvin R. Weinheimer President and Chief Operating Officer, Kerrville Communications 1997 Corporation, Kerrville, Texas Richard W. Evans, Jr. Chairman and Chief Executive Officer, Frost National Bank, San Antonio, 1998 Texas Juliet V. Garcia President, The University of Texas at Brownsville, Brownsville, Texas 1999 Douglas G. Macdonald President, South Texas National Bank, Laredo, Texas 1999 Appointed by the Board of Governors H.B. Zachry, Jr. Chairman and Chief Executive Officer, H.B. Zachry Company, 1997 San Antonio, Texas Carol L. Thompson President, The Thompson Group, Austin, Texas 1998 Patty Puig Mueller Vice President/Finance, Mueller Engineering Corp., Corpus Christi, Texas 1999
DISTRICT 12—SAN FRANCISCO
Class A Gerry B. Cameron Chairman and Chief Executive Officer, U.S. Bancorp, Portland, Oregon 1997 Warren K.K. Luke Vice Chairman, President, and Chief Executive Officer, Hawaii National 1998 Bank, Honolulu, Hawaii E. Lynn Caswell Vice Chairman, Monarch Bancorp, Laguna Hills, California 1999 Class B Krestine Corbin President and Chief Executive Officer, Sierra Machinery, Inc., Sparks, 1997 Nevada Stanley T. Skinner Chairman and Chief Executive Officer, Pacific Gas and Electric Co., 1998 San Francisco, California Robert S. Attiyeh Senior Vice President and Chief Financial Officer, Amgen, Inc., 1999 Thousand Oaks, California Class C Judith M. Runstad Partner, Foster Pepper & Shefelman, Seattle, Washington 1997 Cynthia A. Parker Executive Director, Anchorage Neighborhood Housing Services, Inc., 1998 Anchorage, Alaska Gary G. Michael Chairman and Chief Executive Officer, Albertson's, Inc., Boise, Idaho 1999
Los ANGELES BRANCH
Appointed by the Federal Reserve Bank Liam E. McGee Group Executive Vice President, Bank of America, Los Angeles, 1997 California Antonia Hernandez President and General Counsel, Mexican American Legal Defense and 1997 Educational Fund (MALDEF), Los Angeles, California Stephen G. Carpenter Chairman and Chief Executive Officer, California United Bank, Encino, 1998 California John H. Gleason Senior Vice President, Project Planning & Development, Del Webb 1999 Corporation, Phoenix, Arizona Appointed by the Board of Governors David L. Moore President, Western Growers Association, Irvine, California 1997 Anne L. Evans Chairman, Evans Hotels, San Diego, California 1998 Lori R. Gay President, Los Angeles Neighborhood Housing, Los Angeles, California 1999 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1997
Directors of Federal Reserve Banks and Branches 463
Term expires DISTRICT 12—SAN FRANCISCO—Continued December 31
PORTLAND BRANCH
Appointed by the Federal Reserve Bank Thomas C. Young President, Chairman, and Chief Executive Officer, Northwest National 1997 Bank, Vancouver, Washington John D. Eskildsen President and Chief Executive Officer, U.S. Bank of Oregon, Portland, 1998 Oregon Phyllis A. Bell President, Oregon Coast Aquarium, Newport, Oregon 1999 Martin Brantley President and General Manager, KPTV-12, Oregon Television, Inc., 1999 Portland, Oregon Appointed by the Board of Governors Patrick Borunda Executive Director, Oregon Native American Business Network, Portland, 1997 Oregon Carol A. Whipple Proprietor, Rocking C Ranch, Elkton, Oregon 1998 Nancy Wilgenbusch President, Marylhurst College, Marylhurst, Oregon 1999
SALT LAKE CITY BRANCH
Appointed by the Federal Reserve Bank R.D. Cash Chairman, President, and Chief Executive Officer, Questar Corporation, 1997 Salt Lake City, Utah Roy C. Nelson President, Bank of Utah, Ogden, Utah 1998 Maria Garciaz Executive Director, SL Neighborhood Housing Services, Salt Lake City, 1999 Utah J. Pat McMurray President, First Security Bank of Idaho, Boise, Idaho 1999 Appointed by the Board of Governors Gerald R. Sherratt President, Southern Utah University, Cedar City, Utah 1997 Richard E. Davis President and Chief Executive Officer, Salt Lake Convention & Visitors 1998 Bureau, Salt Lake City, Utah Nancy S. Mortensen Vice President-Marketing Services, ZCMI, Salt Lake City, Utah 1999
SEATTLE BRANCH
Appointed by the Federal Reserve Bank Betsy Lawer Vice Chair and Chief Operating Officer, First National Bank of Anchorage, 1997 Anchorage, Alaska Constance L. Proctor Partner, Alston, Courtnage, MacAulay & Proctor, Seattle, Washington 1998 Tomio Moriguchi Chairman and Chief Executive Officer, Uwajimaya, Inc., Seattle, 1999 Washington John V. Rindlaub Chairman, Seafirst Bank, Seattle, Washington 1999 Appointed by the Board of Governors Richard R. Sonstelie Chairman, Puget Sound Energy, Inc., Bellevue, Washington 1997 Helen M. Rockey President and Chief Executive Officer, Brooks Sports, Inc., Bothell, 1998 Washington Boyd E. Givan Senior Vice President and Chief Financial Officer, The Boeing Company, 1999 Seattle, Washington
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
377
Directors of Federal Reserve Banks and Branches
Regional decentralization and a combination of govern- Directors are chosen without discrimination as to race, mental and private characteristics are important hallmarks creed, color, sex, or national origin. of the uniqueness of the Federal Reserve System. Under Class A directors of each Reserve Bank represent the the Federal Reserve Act, decentralization was achieved by stockholding member banks of the Federal Reserve Dis- division of the country into twelve regions called Federal trict. Class B and Class C directors represent the public and Reserve Districts and the establishment in each District of are chosen with due, but not exclusive, consideration to the a separately incorporated Federal Reserve Bank with its interests of agriculture, commerce, industry, services, labor, own board of directors. The blending of governmental and and consumers; they may not be officers, directors, or private characteristics is provided through ownership of the employees of any bank. In addition, Class C directors may stock of the Reserve Bank by member banks in its District, not be stockholders of any bank. The Board of Governors which also elect the majority of the board of directors, and designates annually one Class C director as chairman of by the general supervision of the Reserve Banks by the the board of directors of each District Bank and designates Board of Governors, an agency of the federal government. another Class C director as deputy chairman. The Board also appoints a minority of each board of Each of the twenty-five Branches of the Federal Reserve directors. Thus, there are essential elements of regional Banks has a board of either seven or five directors, a participation and counsel in the conduct of the System's majority of whom are appointed by the parent Federal affairs for which the Federal Reserve relies importantly on Reserve Bank; the others are appointed by the Board of the contributions of the directors of the Federal Reserve Governors. One of the Board's appointees is designated Banks and Branches. annually as chairman of the board of that Branch in a The following list of directors of Federal Reserve Banks manner prescribed by the parent Federal Reserve Bank. and Branches shows for each director the class of director- The names of the chairman and deputy chairman of the ship, the principal business affiliation, and the date the board of directors of each Reserve Bank and of the chair- current term expires. Each Federal Reserve Bank has nine man of each Branch are published monthly in the Federal members on its board of directors: The member banks elect Reserve Bulletin.l the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. 1. The current list appears on page A84 of this Bulletin.
Term expires DISTRICT 1—BOSTON December 31 Class A Marshall N. Carter Chairman and Chief Executive Officer, State Street Bank and Trust 1998 Company, Boston, Massachusetts G. Kenneth Perine President and Chief Executive Officer, National Bank of Middlebury, 1999 Middlebury, Vermont Edwin N. Clift President and Chief Executive Officer, Merrill Merchants Bank, 2000 Bangor, Maine Class B Adjunct Lecturer, John F. Kennedy School of Government, Harvard 1998 Robert R. Glauber University, Cambridge, Massachusetts Chairman and Chief Executive Officer, John Hancock Mutual Life 1999 Stephen L. Brown Insurance Company, Boston, Massachusetts President and Chief Executive Officer, UNC Ventures, Inc., 2000 Edward Dugger III Boston, Massachusetts Class C William C. Brainard Professor of Economics, Yale University, New Haven, Connecticut 1998 William O. Taylor Chairman and Chief Executive Office, Globe Newspaper Company, 1999 Boston, Massachusetts James J. Norton President, Graphic Communications International Union, Washington, D.C. 2000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
378 Federal Reserve Bulletin • May 1998
Term Expires DISTRICT 2—NEW YORK December 31
Class A Chairman and Chief Executive Officer, Manufacturers and Traders Trust 1998 Robert G. Wilmers Company, Buffalo, New York President and Chief Executive Officer, The Canandaigua National Bank 1999 George W. Hamlin IV and Trust Company, Canandaigua, New York Chairman and Chief Executive Officer, The Chase Manhattan Corporation, 2000 Walter V. Shipley New York, New York Class B Ronay Menschel President, Phipps Houses, New York, New York 1998 Ann Marie Fudge Executive Vice President, Kraft Foods, Inc., and President, Coffee & 1999 Cereals Division, Tarrytown, New York Eugene R. McGrath Chairman, President, and Chief Executive Officer, Consolidated Edison 2000 Company of New York, Inc., New York, New York Class C Peter G. Peterson Chairman, The Blackstone Group, New York, New York 1998 John C. Whitehead Former Chairman, Goldman, Sachs & Co., Inc., New York, New York 1999 Thomas W. Jones Vice Chairman, Travelers Group, and Chairman and Chief Executive 2000 Officer, Smith Barney Asset Management, New York, New York
BUFFALO BRANCH
Appointed by the Federal Reserve Bank Kathleen R. Whelehan Regional President, Marine Midland Bank, Rochester, New York 1998 Louise C. Woerner Chairman and Chief Executive Officer, HCR, Rochester, New York 1999 William E. Swan President and Chief Executive Officer, Lockport Savings Bank, 2000 Lockport, New York Mark W. Adams Owner and Operator, Adams Poultry Farm, Naples, New York 2000 Appointed by the Board of Governors Bal Dixit President and Chief Executive Officer, Newtex Industries, Inc., 1998 Victor, New York Patrick P. Lee Chairman and Chief Executive Officer, International Motion Control, Inc., 1999 Buffalo, New York Louis J. Thomas Director, District 4, United Steelworkers of America, Cheektowaga, 2000 New York
DISTRICT 3—PHILADELPHIA
Class A President and Chief Executive Officer, Lebanon Valley National Bank, 1998 Albert B. Murry Lebanon, Pennsylvania President and Chief Executive Officer, Omega Bank, N.A., 1999 David B. Lee State College, Pennsylvania President and Chief Executive Officer, First National Bank of Absecon, 2000 Harry Elwell III Absecon, New Jersey Class B Chairman and Chief Executive Officer, Conectiv (Delmarva Power and 1998 Howard E. Cosgrove Light Company), Wilmington, Delaware President and Chief Executive Officer, Jackson-Cross Company, 1999 J. Richard Jones Philadelphia, Pennsylvania President and Chief Executive Officer, Burris Foods, Inc., 2000 Robert D. Burris Milford, Delaware Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
Directors of Federal Reserve Banks and Branches 379
Term Expires DISTRICT 3—PHILADELPHIA—Continued December 31 Class C Charisse R. Lillie Partner, Ballard Spahr Andrews & Ingersoll, Philadelphia, Pennsylvania 1998 Joan Carter President and Chief Operating Officer, UM Holdings Ltd., Haddonfield, 1999 New Jersey Glenn A. Schaeffer President, Pennsylvania Building and Construction Trades Council, 2000 Harrisburg, Pennsylvania DISTRICT 4—CLEVELAND
Class A David A. Daberko Chairman and Chief Executive Officer. National City Corporation, 1998 Cleveland, Ohio Tiney M. McComb Chairman and President, Heartland BancCorp, Gahanna, Ohio 1999 David S. Dahlmann President and Chief Executive Officer, Southwest National Corporation, 2000 Greensburg, Pennsylvania
Class B President and Chief Executive Officer, American Micrographics Company, 1998 I.N. Rendall Harper, Jr. Inc., Monroeville, Pennsylvania Chairman and Chief Executive Officer, Mercantile Stores Inc., 1999 David L. Nichols Fairfield, Ohio President, Denison University, Granville, Ohio 2000 Michele Tolela Myers Class C David H. Hoag Chairman and Chief Executive Officer, The LTV Corporation, 1998 Cleveland, Ohio Robert Y. Farrington Executive Secretary-Treasurer, Ohio State Building and Construction 1999 Trades Council, Columbus, Ohio G. Watts Humphrey, Jr. President, GWH Holdings, Inc., Pittsburgh, Pennsylvania 2000
CINCINNATI BRANCH
Appointed by the Federal Reserve Bank Jean R. Hale President and Chief Executive Officer, Community Trust Bank, N.A., 1998 Pikeville, Kentucky Judith G. Clabes President and Chief Executive Officer, Scripps Howard, Cincinnati, Ohio 1999 Phillip R. Cox President, Cox Financial Corporation, Cincinnati, Ohio 1999 Stephen P. Wilson President and Chief Executive Officer, Lebanon Citizens National Bank, 2000 Lebanon, Ohio Appointed by the Board of Governors Thomas Revely III President and Chief Executive Officer, Cincinnati Bell Supply Co., 1998 Cincinnati, Ohio George C. Juilfs President and Chief Executive Officer, SENCORP, Newport, Kentucky 1999 Wayne Shumate Chairman and Chief Executive Officer, Kentucky Textiles, Inc., 2000 Paris, Kentucky
PITTSBURGH BRANCH
Appointed by the Federal Reserve Bank Edward V. Randall, Jr. President and CEO/Pittsburgh, PNC Bank, N.A., Pittsburgh, Pennsylvania 1998 Georgia Berner President, Berner International Corp., New Castle, Pennsylvania 1999 Peter N. Stephans Chairman and Chief Executive Officer, Trigon Incorporated, 1999 McMurray, Pennsylvania Thomas J. O'Shane Chairman, President, and Chief Executive Officer, First Western Bancorp, 2000 Inc., New Castle, Pennsylvania Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
380 Federal Reserve Bulletin • May 1998
Term Expires DISTRICT 4—CLEVELAND—Continued December 31
PITTSBURGH BRANCH—Continued Appointed by the Board of Governors Gretchen R. Haggerty Vice President-Accounting and Finance, U.S. Steel Group, USX, 1998 Pittsburgh, Pennsylvania Charles E. Bunch Senior Vice President, Strategic Planning and Corporate Services, PPG 1999 Industries, Inc., Pittsburgh, Pennsylvania John T. Ryan III Chairman, President, and Chief Executive Officer, Mine Safety Appliances 2000 Company, Pittsburgh, Pennsylvania DISTRICT 5—RICHMOND Class A George A. Didden III Chairman and Chief Executive Officer, The National Capital Bank of 1998 Washington, Washington, D.C. J. Walter McDowell President-North Carolina Banking, Wachovia Bank, N.A., Winston-Salem, 1999 North Carolina Elizabeth A. Duke President and Chief Executive Officer, Bank of Tidewater, 2000 Virginia Beach, Virginia Class B Craig A. Ruppert President and Owner, The Ruppert Companies, Ashton, Maryland 1998 Wesley S. Williams, Jr. Partner, Covington & Burling, Washington, D.C. 1999 James E. Haden President and Chief Executive Officer, Martha Jefferson Hospital, 2000 Charlottesville, Virginia Class C Robert L. Strickland Retired Chairman, Lowe's Companies, Inc., Winston-Salem, 1998 North Carolina Jeremiah J. Sheehan Chairman and Chief Executive Officer, Reynolds Metals Company, 1999 Richmond, Virginia Claudine B. Malone President, Financial & Management Consulting, Inc., McLean, Virginia 2000 BALTIMORE BRANCH
Appointed by the Federal Reserve Bank Jeremiah E. Casey Chairman, First Maryland Bancorp, Baltimore, Maryland 1998 Morton I. Rapoport President and Chief Executive Officer, University of Maryland Medical 1999 System, Baltimore, Maryland William L. Jews President and Chief Executive Officer, Blue Cross Blue Shield of 2000 Maryland, Owings Mills, Maryland Virginia W. Smith President and Chief Executive Officer, Union National Bank, 2000 Westminster, Maryland Appointed by the Board of Governors Daniel R. Baker President and Chief Executive Officer, Tate Access Floors, Inc., 1998 Jessup, Maryland George L. Russell, Jr. Partner, Piper & Marbury L.L.P., Baltimore, Maryland 1999 Betty Bednarczyk International Secretary-Treasurer, Service Employees International Union, 2000 Washington, D.C.
CHARLOTTE BRANCH
Appointed by the Federal Reserve Bank William H. Nock President and Chief Executive Officer, Sumter National Bank, 1998 Sumter, South Carolina Laura M. Fleming President and Chief Executive Officer, Founders Federal Credit Union, 1999 Lancaster, South Carolina Katharine W. McKee Associate Director, Self-Help, Durham, North Carolina 2000 Cecil W. Sewell, Jr. Chairman and Chief Executive Officer, Centura Bank, Rocky Mount, 2000 Digitized for FRASER North Carolina http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
Directors of Federal Reserve Banks and Branches 381
Term Expires DISTRICT 5—RICHMOND—Continued December 31
CHARLOTTE BRANCH—Continued
Appointed by the Board of Governors James O. Roberson President and Chief Executive Officer, Research Triangle Foundation of 1998 North Carolina, Research Triangle Park, North Carolina Dennis D. Lowery Chief Executive Officer and Chairman, Continental Industrial 1999 Chemicals, Inc., Charlotte, North Carolina Joan H. Zimmerman President, Southern Shows, Inc., Charlotte, North Carolina 2000
DISTRICT 6—ATLANTA
Class A Chairman and Chief Executive Officer, First Farmers and Merchants 1998 Waymon L. Hickman National Bank, Columbia, Tennessee President and Chief Operating Officer, Deposit Guaranty National Bank, 1999 Howard L. McMillan, Jr. Jackson, Mississippi Chairman and Chief Executive Officer, Compass Bancshares, Inc., 2000 D. Paul Jones, Jr. Birmingham, Alabama Class B Suzanne E. Boas President, Consumer Credit Counseling Service of Greater Atlanta, 1998 Atlanta, Georgia Juanita P. Baranco Executive Vice President, Baranco Automotive Group, Lilburn, Georgia 1999 Maria Camila Leiva Executive Vice President, Miami Free Zone Corporation, Miami, Florida 2000 Class C David R. Jones Chairman, AGL Resources Inc., Atlanta, Georgia 1998 John Wieland President, John Wieland Homes, Inc., Atlanta, Georgia 1999 Paula Lovell President, Lovell Communications, Inc., Nashville, Tennessee 2000
BIRMINGHAM BRANCH
Appointed by the Federal Reserve Bank J. Stephen Nelson Chairman and Chief Executive Officer, First National Bank of Brewton, 1998 Brewton, Alabama W. Charles Mayer III Senior Executive Vice President, AmSouth Bancorporation, and President, 1999 Alabama Banking Group, AmSouth Bank, Birmingham, Alabama Roland Pugh Chairman, Roland Pugh Construction, Inc., Northport, Alabama 2000 Hundley Batts, Sr. Managing Agent, Hundley Batts & Associates Insurance Agency, 2000 Huntsville, Alabama Appointed by the Board of Governors Patricia B. Compton President, Patco, Inc., Georgiana, Alabama 1998 V. Larkin Martin Managing Partner, Martin Farm, Courtland, Alabama 1999 D. Bruce Carr Labor-Relations Liaison, Laborers' District Council of Alabama, 2000 Gadsden, Alabama
JACKSONVILLE BRANCH
Appointed by the Federal Reserve Bank Royce B. Walden President, Walden Enterprises, Inc., Orlando, Florida 1998 William G. Smith, Jr. President, Capital City Bank Group, Tallahassee, Florida 1999 Terry R. West President and Chief Executive Officer, Jax Navy Federal Credit Union, 2000 Digitized for FRASER Jacksonville, Florida http://fraser.stlouisfed.org/Michael W. Pool e Principal, Poole Carbone Capital Partners, Inc., Winter Park, Florida 2000 Federal Reserve Bank of St. Louis May 1998
382 Federal Reserve Bulletin • May 1998
Term Expires DISTRICT 6—ATLANTA—Continued December 31
JACKSONVILLE BRANCH—Continued Appointed by the Board of Governors Judy Jones President, J.R. Jones and Associates, Tallahassee, Florida 1998 Marsha G. Rydberg Partner, Foley & Lardner, Tampa, Florida 1999 William E. Flaherty Chairman and Chief Executive Officer, Blue Cross and Blue Shield of 2000 Florida, Inc., Jacksonville, Florida
MIAMI BRANCH
Appointed by the Federal Reserve Bank E. Anthony Newton Past President and Chief Executive Officer, Island National Bank and Trust 1998 Company, Palm Beach, Florida D. Keith Cobb Former Vice Chairman and Chief Executive Officer, Alamo 1999 Rent-A-Car, Inc., Ft. Lauderdale, Florida James W. Moore President, Gulf Utility Company, Fort Myers, Florida 1999 Carlos A. Migoya President, Dade/Monroe Counties, First Union National Bank of Florida, 2000 Miami, Florida Appointed by the Board of Governors R. Kirk Landon Chairman, American Bankers Insurance Group, Miami, Florida 1998 Mark T. Sodders President, Lakeview Farms, Inc., Pahokee, Florida 1999 Kaaren Johnson-Street Vice President of Minority Business Development and Urban Initiatives, 2000 Enterprise Florida, Coral Gables, Florida
NASHVILLE BRANCH
Appointed by the Federal Reserve Bank Dale W. Polley President, First American National Bank, Nashville, Tennessee 1998 Leonard A. Walker, Jr. Chairman, President, and Chief Executive Officer, First National Bank 1999 and Trust Company, Athens, Tennessee James E. Dalton, Jr. President and Chief Executive Officer, Quorum Health Group, Inc., 2000 Brentwood, Tennessee John E. Seward, Jr. President and Chief Executive Officer, Paty Lumber Company, Inc., 2000 Piney Flats, Tennessee Appointed by the Board of Governors Frances F. Marcum Chairman and Chief Executive Officer, Micro Craft, Inc., Tullahoma, 1998 Tennessee Michael E. Bennett UAW Manufacturing Advisor, UAW Local 1853, Saturn Corporation, 1999 Spring Hill, Tennessee N. Whitney Johns Chairman and Chief Executive Officer, Whitney Johns & Company, 2000 Nashville, Tennessee
NEW ORLEANS BRANCH
Appointed by the Federal Reserve Bank
Howell N. Gage Chairman and Chief Executive Officer, Merchants Bank, Vicksburg, 1998 Mississippi Howard C. Gaines Chairman, First National Bank of Commerce, New Orleans, Louisiana 1999 Teri G. Fontenot President and Chief Executive Officer, Woman's Health 2000 Foundation/Woman's Hospital, Baton Rouge, Louisiana David Guidry President and Chief Executive Officer, Guico Machine Works, Inc., 2000 Digitized for FRASER Harvey, Louisiana http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
Directors of Federal Reserve Banks and Branches 383
Term Expires DISTRICT 6—ATLANTA—Continued December 31
NEW ORLEANS BRANCH—Continued Appointed by the Board of Governors Lucimarian Roberts Community Advocate, Biloxi, Mississippi 1998 Glenn Pumpelly President and Chief Executive Officer, Pumpelly Oil Inc., Westlake, 1999 Louisiana Jackie Ducote President, Public Affairs Research Council of Louisiana, Baton Rouge, 2000 Louisiana DISTRICT 7—CHICAGO
Class A Arnold C. Schultz Chairman and Chief Executive Officer, Grundy National Bank, Grundy 1998 Center, Iowa Verne G. Istock Chairman, President, and Chief Executive Officer, First Chicago NBD 1999 Corporation, Chicago, Illinois Robert R. Yohanan Managing Director and Chief Executive Officer, First Bank & Trust of 2000 Evanston, Evanston, Illinois Class B Donald J. Schneider President, Schneider National, Inc., Green Bay, Wisconsin 1998 Migdalia Rivera Executive Director, Latino Institute, Chicago, Illinois 1999 Jack B. Evans President, The Hall-Perrine Foundation, Cedar Rapids, Iowa 2000 Class C Chairman and Chief Executive Officer, Sears, Roebuck & Co., 1998 Arthur C. Martinez Hoffman Estates, Illinois Chairman, President, and Chief Executive Officer, Inland Steel 1999 Robert J. Darnall Industries, Inc., Chicago, Illinois Managing Partner, Washington, Pittman & McKeever, Chicago, Illinois 2000 Lester H. McKeever, Jr.
DETROIT BRANCH
Appointed by the Federal Reserve Bank Richard M. Bell President and Chief Executive Officer, The First National Bank of 1998 Three Rivers, Three Rivers, Michigan Denise Hitch Lites Vice Chairwoman, Little Caesars Enterprises, and President, Olympia 1999 Development, Inc., Detroit, Michigan Irma B. Elder President, Troy Motors, Inc., Troy, Michigan 1999 David J. Wagner Chairman, President, and Chief Executive Officer, Old Kent Financial 2000 Corporation, Grand Rapids, Michigan Appointed by the Board of Governors Stephen R. Polk Chairman and Chief Executive Officer, R.L. Polk & Co., Detroit, Michigan 1998 Florine Mark President and Chief Executive Officer, The WW Group, Inc., 1999 Farmington Hills, Michigan Timothy D. Leuliette President and Chief Operating Officer, Penske Corporation, Detroit, 2000 Michigan DISTRICT 8—ST. LOUIS
Class A Douglas M. Lester President and Chief Executive Officer, Sea Change Corp., Bowling Green, 1998 Kentucky W.D. Glover Chairman and Chief Executive Officer, First National Bank of Eastern 1999 Arkansas, Forrest City, Arkansas Michael A. Alexander Chairman and President, The First National Bank of Mount Vernon, 2000 Digitized for FRASER Mount Vernon, Illinois http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
384 Federal Reserve Bulletin • May 1998
Term Expires DISTRICT 8—ST. LOUIS—Continued December 31 Class B Richard E. Bell President and Chief Executive Officer, Riceland Foods, Inc., Stuttgart, 1998 Arkansas Joseph E. Glassner, Jr. Executive Director, New Directions Housing Corp., Louisville, Kentucky 1999 Robert L. Johnson Chairman and Chief Executive Officer, Johnson Bryce, Inc., Memphis, 2000 Tennessee Class C John F. McDonnell Former Chairman, McDonnell Douglas Corporation, St. Louis, Missouri 1998 Veo Peoples, Jr. Peoples, LLC, St. Louis, Missouri 1999 Susan S. Elliott President and Chief Executive Officer, Systems Service Enterprises, Inc., 2000 St. Louis, Missouri
LITTLE ROCK BRANCH
Appointed by the Federal Reserve Bank Mark A. Shelton III President, M.A. Shelton Farming Company, Wabbaseka, Arkansas 1998 Mark Simmons Chairman, Simmons Foods, Inc., Siloam Springs, Arkansas 1999 Ross M. Whipple Chairman and Chief Executive Officer, Horizon Bancorp, Inc., 1999 Arkadelphia, Arkansas Lunsford W. Bridges President and Chief Executive Officer, Metropolitan National Bank, 2000 Little Rock, Arkansas
Appointed by the Board of Governors Betta M. Carney Chairman and Chief Executive Officer, World Wide Travel Service, Inc., 1998 Little Rock, Arkansas Janet M. Jones President, The Janet Jones Company, Little Rock, Arkansas 1999 Diana T. Hueter President and Chief Executive Officer, St. Vincent Health Systems, 2000 Little Rock, Arkansas
LOUISVILLE BRANCH
Appointed by the Federal Reserve Bank Orson Oliver President, Mid-America Bank of Louisville & Trust Co., Louisville, 1998 Kentucky Larry E. Dunigan Chairman and Chief Executive Officer, Holiday Management Corp., 1999 Evansville, Indiana Ronald R. Cyrus Executive Secretary-Treasurer, Kentucky State AFL-CIO, Frankfort, 1999 Kentucky Aubrey W. Lippert Chairman and Chief Executive Officer, Peoples First Corporation, 2000 Paducah, Kentucky
Appointed by the Board of Governors Roger Reynolds President and Chief Executive Officer, The Reynolds Group, Inc., 1998 Louisville, Kentucky Joseph W. Prather Chairman, Service First Warehouse and Distribution, Inc., Elizabethtown, 1999 Kentucky Debbie Scoppechio Chairman and Chief Executive Officer, Creative Alliance, Inc., Louisville, 2000 Kentucky
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
Directors of Federal Reserve Banks and Branches 385
Term Expires DISTRICT 8—ST. LOUIS—Continued December 31
MEMPHIS BRANCH
Appointed by the Federal Reserve Bank Anthony M. Rampley President and Chief Executive Officer, Arkansas Glass Container 1998 Corporation, Jonesboro, Arkansas Katie S. Winchester President and Chief Executive Officer, First Citizens National Bank, 1999 Dyersburg, Tennessee John C. Kelley, Jr. President, Memphis Banking Group, First Tennessee Bank, Memphis, 1999 Tennessee E.C. Neelly III Chief Executive Officer, First American National Bank, Iuka, Mississippi 2000 Appointed by the Board of Governors John V. Myers President, Better Business Bureau, Memphis, Tennessee 1998 Mike P. Sturdivant, Jr. Partner, Due West Plantation, Glendora, Mississippi 1999 Carol G. Crawley Vice President & Regional Manager, Mid-America Apartment 2000 Communities, Memphis, Tennessee
DISTRICT 9—MINNEAPOLIS
Class A Dale J. Emmel President, First National Bank of Sauk Centre, Sauk Centre, Minnesota 1998 Lynn M. Hoghaug President, Ramsey National Bank and Trust Co., Devils Lake, 1999 North Dakota Bruce Parker President, Norwest Bank Montana, Billings, Montana 2000 Class B Dennis W. Johnson President, TMI Systems Design Corporation, Dickinson, North Dakota 1998 Rob L. Wheeler Vice President, Wheeler Mfg. Co., Inc., Lemmon, South Dakota 1999 Kathryn L. Ogren Owner, Bitterroot Motors, Missoula, Montana 2000 Class C James J. Howard Chairman, President, and Chief Executive Officer, Northern States Power 1998 Company, Minneapolis, Minnesota David A. Koch Chairman, Graco, Inc., Plymouth, Minnesota 1999 Ronald N. Zwieg President, United Food & Commercial Workers, Local 653, Plymouth, 2000 Minnesota
HELENA BRANCH
Appointed by the Federal Reserve Bank Emil W. Erhardt Chairman and President, Citizens State Bank, Hamilton, Montana 1998 Sandra M. Stash Vice President, Environmental Services, ARCO Environmental 1998 Remediation L.L.C., Anaconda, Montana Richard E. Hart President, Mountain West Bank, Great Falls, Montana 1999 Appointed by the Board of Governors William P. Underriner General Manager, Selover Buick Inc., Billings, Montana 1998 Thomas O. Markle President and Chief Executive Officer, Markle's Inc., Glasgow, Montana 1999
DISTRICT 10—KANSAS CITY
Class A William L. McQuillan President, Chief Executive Officer, and Director, City National Bank, 1998 Greeley, Nebraska Dennis E. Barrett President, FirstBank Holding Company of Colorado, Lakewood, Colorado 1999 Bruce A. Schriefer President, Bankers' Bank of Kansas, N.A., Wichita, Kansas 2000
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
386 Federal Reserve Bulletin O May 1998
Term Expires DISTRICT 10—KANSAS CITY—Continued December 31
Class B Frank A. Potenziani M & T Trust, Albuquerque, New Mexico 1998 Charles W. Nichols Managing Partner, Davison & Sons Cattle Company, Arnett, Oklahoma 1999 Hans Helmerich President and Chief Executive Officer, Helmerich & Payne, Inc., Tulsa, 2000 Oklahoma Class C Jo Marie Dancik Office Managing Partner, Ernst & Young LLP, Denver, Colorado 1998 Colleen D. Hernandez Executive Director, Kansas City Neighborhood Alliance, Kansas City, 1999 Missouri Terrence P. Dunn President and Chief Executive Officer, J.E. Dunn Construction Company, 2000 Kansas City, Missouri
DENVER BRANCH
Appointed by the Federal Reserve Bank Albert C. Yates President, Colorado State University, Ft. Collins, Colorado 1998 C.G. Mammel President and Chief Executive Officer, The Bank of Cherry Creek, N.A., 1999 Denver, Colorado Robert M. Murphy Chairman and Chief Executive Officer, Sandia Companies, Albuquerque, 2000 New Mexico John W. Hay III President, Rock Springs National Bank, Rock Springs, Wyoming 2000 Appointed by the Board of Governors Peter I. Wold Partner, Wold Oil & Gas Company, Casper, Wyoming 1998 Teresa N. McBride President and Chief Executive Officer, McBride and Associates, Inc., 1999 Albuquerque, New Mexico Kathryn A. Paul President, Kaiser Permanente, Denver, Colorado 2000
OKLAHOMA CITY BRANCH
Appointed by the Federal Reserve Bank Betty Bryant Shaull President-Elect and Director, Bank of Cushing and Trust Company, 1998 Cushing, Oklahoma Dennis M. Mitchell Vice Chairman, Citizens Bank of Ardmore, Ardmore, Oklahoma 1998 William H. Braum President, Braum Ice Cream Co., Oklahoma City, Oklahoma 1999 Michael S. Samis President and Chief Executive Officer, Macklanburg-Duncan Co., 2000 Oklahoma City, Oklahoma Appointed by the Board of Governors Barry L. Eller Senior Vice President and General Manager, MerCruiser, Stillwater, 1998 Oklahoma Larry W. Brummett Chairman, President, and Chief Executive Officer, ONEOK, Inc., Tulsa, 1999 Oklahoma Patricia B. Fennell Executive Director, Latino Community Development Agency, 2000 Oklahoma City, Oklahoma
OMAHA BRANCH
Appointed by the Federal Reserve Bank Robert L. Peterson Chairman, President, and Chief Executive Officer, IBP, Inc., Dakota City, 1998 Nebraska Bruce R. Lauritzen President, First National Bank of Omaha, Omaha, Nebraska 1999 Frank L. Hayes President, Hayes & Associates, L.L.C., Omaha, Nebraska 2000 H. H. Kosman Chairman, President, and Chief Executive Officer, Platte Valley National 2000 Bank, Scottsbluff, Nebraska
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
Directors of Federal Reserve Banks and Branches 387
Term Expires DISTRICT 10—KANSAS CITY—Continued December 31 OMAHA BRANCH—Continued
Appointed by the Board of Governors Gladys Styles Johnston Chancellor, University of Nebraska at Kearney, Kearney, Nebraska 1998 Bob L. Gottsch Vice President, Gottsch Feeding Corporation, Hastings, Nebraska 1999 Arthur L. Shoener Management Consultant, Omaha, Nebraska 2000
DISTRICT 11—DALLAS Class A President and Chief Executive Officer, The Security State Bank of Pecos, 1998 Dudley K. Montgomery Pecos, Texas President and Chief Executive Officer, Texas Independent Bank, 1999 Gayle M. Earls Dallas, Texas President and Chief Executive Officer, Security Bank, Rails, Texas 2000 Kirk A. McLaughlin Class B Julie S. England Vice President, Semiconductor Group, Texas Instruments, Dallas, Texas 1998 Dan Angel President, Stephen F. Austin State University, Nacogdoches, Texas 1999 Chairman and Chief Executive Officer, Cogen Technologies Energy Group, 2000 Robert C. McNair Houston, Texas Class C Chairman and Chief Executive Officer, Ultramar Diamond Shamrock 1998 Roger R. Hemminghaus Corp., San Antonio, Texas Second General Vice President, International Association of Bridge, 1999 James A. Martin Structural & Ornamental Iron Workers, Austin, Texas Chairman, President, and Chief Executive Officer, Hunt Consolidated, Inc., 2000 Ray L. Hunt Dallas, Texas
EL PASO BRANCH
Appointed by the Federal Reserve Bank Lester L. Parker President and Chief Operating Officer, Bank of the West, El Paso, Texas 1998 James D. Renfrow President and Chief Executive Officer, The Carlsbad National Bank, 1999 Carlsbad, New Mexico Melissa W. O'Rourke President, Charlotte's Inc., El Paso, Texas 1999 Cecil E. Nix Business Manager, IBEW, Local 460, Midland, Texas 2000 Appointed by the Board of Governors Beauregard Brite White Rancher, J.E. White, Jr. & Sons, Marfa, Texas 1998 Patricia Z. Holland-Branch President and Chief Executive Officer, HB/PZH Commercial 1999 Environments, Inc., El Paso, Texas Gail S. Darling Chief Executive Officer, Gail Darling, Inc., El Paso, Texas 2000
HOUSTON BRANCH
Appointed by the Federal Reserve Bank J. Michael Solar Principal Attorney, Solar & Fernandes L.L.P., Houston, Texas 1998 Judith B. Craven President, United Way of the Texas Gulf Coast, Houston, Texas 1999 Ray B. Nesbitt President, Exxon Chemical Company, Houston, Texas 1999 John L. Adams Chairman and Chief Executive Officer, Chase Bank of Texas, N.A., 2000 Houston, Texas
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
388 Federal Reserve Bulletin • May 1998
Term Expires DISTRICT 11—DALLAS—Continued December 31
HOUSTON BRANCH—Continued Appointed by the Board of Governors Edward O. Gaylord Chairman, EOTT Energy Corp. and General Partner, EOTT Energy 1998 Partners L.P., Houston, Texas Peggy Pearce Caskey Chief Executive Officer, Laboratories for Genetic Services, Inc., 1999 Houston, Texas Malcolm Gillis President, Rice University, Houston, Texas 2000
SAN ANTONIO BRANCH
Appointed by the Federal Reserve Bank Richard W. Evans, Jr. Chairman and Chief Executive Officer, Frost National Bank, 1998 San Antonio, Texas Juliet V. Garcia President, The University of Texas at Brownsville, Brownsville, Texas 1999 Douglas G. Macdonald President, South Texas National Bank, Laredo, Texas 1999 Arthur Emerson Vice President and General Manager, KVDA-TV 60 Telemundo, 2000 San Antonio, Texas Appointed by the Board of Governors Carol L. Thompson President, The Thompson Group, Austin, Texas 1998 Patty P. Mueller Vice President/Finance, Mueller Energetics, Corpus Christi, Texas 1999 H.B. Zachry, Jr. Chairman and Chief Executive Officer, H.B. Zachry Company, 2000 San Antonio, Texas
DISTRICT 12—SAN FRANCISCO
Class A Warren K.K. Luke Vice Chairman, President, and Chief Executive Officer, Hawaii National 1998 Bank, Honolulu, Hawaii E. Lynn Caswell Vice Chairman, Monarch Bancorp, Laguna Hills, California 1999 John V. Rindlaub Group Executive Vice President, Bank of America Northwest Group, 2000 Seattle, Washington Class B Stanley T. Skinner Chairman and Chief Executive Officer (Retired), Pacific Gas and Electric 1998 Co., San Francisco, California Robert S. Attiyeh Senior Vice President and Chief Financial Officer, Amgen, Inc., 1999 Thousand Oaks, California Krestine Corbin President and Chief Executive Officer, Sierra Machinery, Inc., 2000 Sparks, Nevada Class C Cynthia A. Parker Executive Director, Anchorage Neighborhood Housing Services, Inc., 1998 Anchorage, Alaska Gary G. Michael Chairman and Chief Executive Officer, Albertson's, Inc., Boise, Idaho 1999 Nelson C. Rising President and Chief Executive Officer, Catellus Development Corporation, 2000 San Francisco, California
Los ANGELES BRANCH
Appointed by the Federal Reserve Bank Stephen G. Carpenter Director, California United Bank, Encino, California 1998 John H. Gleason Senior Vice President, Del Webb Corporation, Phoenix, Arizona 1999 Liam E. McGee Group Executive Vice President, Bank of America, Los Angeles, 2000 California Linda Griego Managing General Partner, Engine Co. No. 28, Los Angeles, California 2000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1998
Directors of Federal Reserve Banks and Branches 389
Term Expires DISTRICT 12—SAN FRANCISCO—Continued December 31
Los ANGELES BRANCH—Continued Appointed by the Board of Governors Anne L. Evans Chairman, Evans Hotels, San Diego, California 1998 Lori R. Gay President, Los Angeles Neighborhood Housing, Los Angeles, California 1999 Lonnie Kane President, Karen Kane, Inc., Los Angeles, California 2000
PORTLAND BRANCH
Appointed by the Federal Reserve Bank Gary T. Duim Vice Chairman, U.S. Bancorp, Portland, Oregon 1998 Phyllis A. Bell President, Oregon Coast Aquarium, Newport, Oregon 1999 Martin Brantley President and General Manager, KPTV-12, Oregon Television, Inc., 1999 Portland, Oregon Thomas C. Young President, Chairman, and Chief Executive Officer, Northwest National 2000 Bank, Vancouver, Washington Appointed by the Board of Governors Carol A. Whipple Proprietor, Rocking C Ranch, Elkton, Oregon 1998 Nancy Wilgenbusch President, Marylhurst College, Marylhurst, Oregon 1999 Patrick Borunda Executive Director, ONABEN—A Native American Business Network, 2000 Portland, Oregon
SALT LAKE CITY BRANCH
Appointed by the Federal Reserve Bank Roy C. Nelson President, Bank of Utah, Ogden, Utah 1998 J. Pat McMurray President, First Security Bank, N.A., Boise, Idaho 1999 Maria Garciaz Executive Director, Salt Lake Neighborhood Housing Services, 1999 Salt Lake City, Utah R.D. Cash Chairman, President, and Chief Executive Officer, Questar Corporation, 2000 Salt Lake City, Utah Appointed by the Board of Governors Richard E. Davis President and Chief Executive Officer, Salt Lake Convention & Visitors 1998 Bureau, Salt Lake City, Utah Nancy S. Mortensen Vice President-Marketing Services, ZCMI, Salt Lake City, Utah 1999 Barbara L. Wilson Regional Vice President, U.S. West, Boise, Idaho 2000
SEATTLE BRANCH
Appointed by the Federal Reserve Bank Constance L. Proctor Partner, Alston Courtnage Proctor & Bassetti, LLP, Seattle, Washington 1998 Tomio Moriguchi Chairman and Chief Executive Officer, Uwajimaya, Inc., Seattle, 1999 Washington James C. Hawkanson Managing Director and Chief Executive Officer, The Commerce Bank of 2000 Washington, N.A., Seattle, Washington Betsy Lawer Vice Chair and Chief Operating Officer, First National Bank of Anchorage, 2000 Anchorage, Alaska Appointed by the Board of Governors Helen M. Rockey President and Chief Executive Officer, Brooks Sports, Inc., Bothell, 1998 Washington Boyd E. Givan Senior Vice President and Chief Financial Officer, The Boeing Company, 1999 Seattle, Washington Richard R. Sonstelie Chairman, Puget Sound Energy, Inc., Bellevue, Washington 2000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1999
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Regional decentralization and a combination of govern- Directors are chosen without discrimination as to race, mental and private characteristics are important hallmarks creed, color, sex, or national origin. of the uniqueness of the Federal Reserve System. Under Class A directors of each Reserve Bank represent the the Federal Reserve Act, decentralization was achieved by stockholding member banks of the Federal Reserve Dis- division of the country into twelve regions called Federal trict. Class B and Class C directors represent the public and Reserve Districts and the establishment in each District of are chosen with due, but not exclusive, consideration to the a separately incorporated Federal Reserve Bank with its interests of agriculture, commerce, industry, services, labor, own board of directors. The blending of governmental and and consumers; they may not be officers, directors, or private characteristics is provided through ownership of the employees of any bank. In addition, Class C directors may stock of the Reserve Bank by member banks in its District, not be stockholders of any bank. The Board of Governors which also elect the majority of the board of directors, and designates annually one Class C director as chairman of by the general supervision of the Reserve Banks by the the board of directors of each District Bank and designates Board of Governors, an agency of the federal government. another Class C director as deputy chairman. The Board also appoints a minority of each board of Each of the twenty-five Branches of the Federal Reserve directors. Thus, there are essential elements of regional Banks has a board of either seven or five directors, a participation and counsel in the conduct of the System's majority of whom are appointed by the parent Federal affairs for which the Federal Reserve relies importantly on Reserve Bank; the others are appointed by the Board of the contributions of the directors of the Federal Reserve Governors. One of the Board's appointees is designated Banks and Branches. annually as chairman of the board of that Branch in a The following list of directors of Federal Reserve Banks manner prescribed by the parent Federal Reserve Bank. and Branches shows for each director the class of director- The names of the chairman and deputy chairman of the ship, the principal business affiliation, and the date the board of directors of each Reserve Bank and of the chair- current term expires. Each Federal Reserve Bank has nine man of each Branch are published monthly in the Federal members on its board of directors: The member banks elect Reserve Bulletin.1 the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. 1. The current list appears on page A86 of this Bulletin.
Term expires DISTRICT 1—BOSTON December 31 Class A President and Chief Executive Officer, National Bank of Middlebury, 1999 G. Kenneth Perine Middlebury, Vermont President and Chief Executive Officer, Merrill Merchants Bank, 2000 Edwin N. Clift Bangor, Maine Chairman and Chief Executive Officer, Fleet Financial Group, 2001 Terrence Murray Boston, Massachusetts Class B Vacancy 1999 President and Chief Executive Officer, UNC Partners, Inc., 2000 Edward Dugger III Boston, Massachusetts Adjunct Lecturer, John F. Kennedy School of Government, 2001 Robert R. Glauber Harvard University, Cambridge, Massachusetts Class C William O. Taylor Chairman Emeritus, The Boston Globe, Boston, Massachusetts 1999 James J. Norton President, Graphic Communications International Union, Washington, D.C. 2000 William C. Brainard Professor of Economics, Yale University, New Haven, Connecticut 2001
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Term Expires DISTRICT 2—NEW YORK December 31
Class A President and Chief Executive Officer, The Canandaigua National Bank 1999 George W. Hamlin IV and Trust Company, Canandaigua, New York Chairman and Chief Executive Officer, The Chase Manhattan Corporation, 2000 Walter V. Shipley New York, New York Chairman, President, and Chief Executive Officer, Banco Popular de 2001 Richard L. Carrion Puerto Rico, San Juan, Puerto Rico Class B Ann M. Fudge Executive Vice President, Kraft Foods, Inc., and President, Coffee & 1999 Cereals Division, Tarrytown, New York Eugene R. McGrath Chairman, President, and Chief Executive Officer, Consolidated Edison 2000 Company of New York, Inc., New York, New York Ronay Menschel President, Phipps Houses, New York, New York 2001 Class C John C. Whitehead Former Chairman, Goldman, Sachs & Co., Inc., New York, New York 1999 Vacancy 2000 Peter G. Peterson Chairman, The Blackstone Group, New York, New York 2001
BUFFALO BRANCH
Appointed by the Federal Reserve Bank Louise Woerner Chairman and Chief Executive Officer, HCR, Rochester, New York 1999 William E. Swan President and Chief Executive Officer, Lockport Savings Bank, 2000 Lockport, New York Mark W. Adams Owner and Operator, Adams Poultry Farm, Naples, New York 2000 Kathleen R. Whelehan Executive Vice President, Consumer Finance Division, Marine Midland 2001 Bank, Buffalo, New York Appointed by the Board of Governors Patrick P. Lee Chairman and Chief Executive Officer, International Motion Control, Inc., 1999 Orchard Park, New York Vacancy 2000 Bal Dixit President and Chief Executive Officer, Newtex Industries, Inc., 2001 Victor, New York
DISTRICT 3—PHILADELPHIA
Class A David B. Lee President and Chief Executive Officer, Omega Bank, N.A., 1999 State College, Pennsylvania Harry Elwell III President and Chief Executive Officer, First National Bank of Absecon, 2000 Absecon, New Jersey Rufus A. Fulton, Jr. Chairman, President, and Chief Executive Officer, Fulton Financial 2001 Corporation, Lancaster, Pennsylvania Class B J. Richard Jones President and Chief Executive Officer, Insignia/ESG Jackson-Cross 1999 Company, Philadelphia, Pennsylvania Robert D. Burris President and Chief Executive Officer, Burris Foods, Inc., 2000 Milford, Delaware Howard E. Cosgrove Chairman and Chief Executive Officer, Conectiv (Delmarva Power and 2001 Light Company), Wilmington, Delaware
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Directors of Federal Reserve Banks and Branches 357
Term Expires DISTRICT 3—PHILADELPHIA—Continued December 31 Class C Joan Carter President and Chief Operating Officer, UM Holdings Ltd., 1999 Haddonfield, New Jersey Glenn A. Schaeffer President, Pennsylvania Building and Construction Trades Council, 2000 Harrisburg, Pennsylvania Charisse R. Lillie Partner, Ballard Spahr Andrews & Ingersoll, Philadelphia, Pennsylvania 2001 DISTRICT 4—CLEVELAND
Class A Tiney M. McComb Chairman and President, Heartland BancCorp, Gahanna, Ohio 1999 David S. Dahlmann President and Chief Executive Officer, Southwest National Corporation, 2000 Greensburg, Pennsylvania John R. Cochran Chairman and Chief Executive Officer, FirstMerit Corporation, 2001 Akron, Ohio
Class B David L. Nichols Cincinnati, Ohio 1999 Cheryl L. Krueger-Horn President and Chief Executive Officer, Cheryl & Co., Westerville, Ohio 2000 Vacancy 2001
Class C Robert Y. Farrington Executive Secretary-Treasurer, Emeritus, Ohio State Building and 1999 Construction Trades Council, Columbus, Ohio G. Watts Humphrey, Jr. President, GWH Holdings, Inc., Pittsburgh, Pennsylvania 2000 David H. Hoag Former Chairman, The LTV Corporation, Cleveland, Ohio 2001
CINCINNATI BRANCH Appointed by the Federal Reserve Bank Judith G. Clabes President and Chief Executive Officer, Scripps Howard Foundation, 1999 Cincinnati, Ohio Phillip R. Cox President and Chief Executive Officer, Cox Financial Corporation, 1999 Cincinnati, Ohio Stephen P. Wilson President and Chief Executive Officer, Lebanon Citizens National Bank, 2000 Lebanon, Ohio Jean R. Hale President and Chief Executive Officer, Community Trust Bank, N.A., 2001 Pikeville, Kentucky Appointed by the Board of Governors George C. Juilfs President and Chief Executive Officer, SENCORP, Newport, Kentucky 1999 Wayne Shumate Chairman and Chief Executive Officer, Kentucky Textiles, Inc., 2000 Paris, Kentucky Thomas Revely III President and Chief Executive Officer, Cincinnati Bell Supply Co., 2001 Cincinnati, Ohio
PITTSBURGH BRANCH Appointed by the Federal Reserve Bank Georgia Berner President, Berner International Corp., New Castle, Pennsylvania 1999 Peter N. Stephans Chairman and Chief Executive Officer, Trigon Incorporated, 1999 McMurray, Pennsylvania Thomas J. O' Shane Chairman and Chief Executive Officer, First Western Bancorp, Inc., 2000 New Castle, Pennsylvania Edward V. Randall, Jr. Management Consultant, Babst Calland Clements & Zomnir, 2001 Pittsburgh, Pennsylvania
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Term Expires DISTRICT 4—CLEVELAND—Continued December 31
PITTSBURGH BRANCH—Continued Appointed by the Board of Governors Charles E. Bunch Senior Vice President, Strategic Planning and Corporate Services, 1999 PPG Industries, Inc., Pittsburgh, Pennsylvania John T. Ryan III Chairman and Chief Executive Officer, Mine Safety Appliances Company, 2000 Pittsburgh, Pennsylvania Gretchen R. Haggerty Vice President-Accounting and Finance, U. S. Steel Group, 2001 Pittsburgh, Pennsylvania
DISTRICT 5—RICHMOND Class A President-North Carolina Banking, Wachovia Bank, N.A., 1999 J. Walter McDowell Winston-Salem, North Carolina President and Chief Executive Officer, The Bank of Tidewater, 2000 Elizabeth A. Duke Virginia Beach, Virginia Chairman Emeritus, First National Bank & Trust Co., 2001 James M. Culberson, Jr. Asheboro, North Carolina Class B Wesley S. Williams, Jr. Partner, Covington & Burling, Washington, D.C. 1999 James E. Haden President and Chief Executive Officer, Martha Jefferson Hospital, 2000 Charlottesville, Virginia Craig A. Ruppert President/Owner, Ruppert Nurseries, Inc., Laytonsville, Maryland 2001 Class C Jeremiah J. Sheehan Chairman and Chief Executive Officer, Reynolds Metals Company, 1999 Richmond, Virginia Claudine B. Malone President, Financial & Management Consulting, Inc., McLean, Virginia 2000 Irwin Zazulia President and Chief Executive Officer, Hecht's, Arlington, Virginia 2001
BALTIMORE BRANCH
Appointed by the Federal Reserve Bank Morton I. Rapoport President and Chief Executive Officer, University of Maryland Medical 1999 System, Baltimore, Maryland William L. Jews President and Chief Executive Officer, Blue Cross Blue Shield of 2000 Maryland, Owings Mills, Maryland Virginia W. Smith President and Chief Executive Officer, Union National Bank, 2000 Westminster, Maryland Jeremiah E. Casey Chairman, First Maryland Bancorp, Baltimore, Maryland 2001 Appointed by the Board of Governors George L. Russell, Jr. Partner, Piper & Marbury L.L.P., Baltimore, Maryland 1999 Betty Bednarczyk International Secretary-Treasurer, Service Employees International Union, 2000 AFL-CIO, CLC, Washington, D.C. Daniel R. Baker President & Chief Executive Officer, Tate Access Floors, Inc., 2001 Jessup, Maryland
CHARLOTTE BRANCH
Appointed by the Federal Reserve Bank Vacancy 1999 Elleveen T. Poston President, Quality Transport, Inc., Lake City, South Carolina 2000 Cecil W. Sewell, Jr. Chairman and Chief Executive Officer, Centura Banks, Inc., 2000 Rocky Mount, North Carolina William H. Nock President and Chief Executive Officer, Sumter National Bank, 2001 Sumter, South Carolina
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Term Expires DISTRICT 5—RICHMOND—Continued December 31
CHARLOTTE BRANCH—Continued Appointed by the Board of Governors Dennis D. Lowery Chief Executive Officer and Chairman, Continental Chemicals, 1999 Charlotte, North Carolina Joan H. Zimmerman President, Southern Shows, Inc., Charlotte, North Carolina 2000 James O. Roberson President, Research Triangle Foundation of North Carolina, 2001 Research Triangle Park, North Carolina
DISTRICT 6—ATLANTA
Class A Wealth Management & Investments, Morgan Stanley Dean Witter, 1999 Howard L. McMillan, Jr. Jackson, Mississippi Chairman and Chief Executive Officer, Compass Bancshares, Inc., 2000 D. Paul Jones, Jr. Birmingham, Alabama Chairman and Chief Executive Officer, First Farmers and Merchants 2001 Waymon L. Hickman National Bank, Columbia, Tennessee Class B Juanita P. Baranco Executive Vice President, Baranco Automotive Group, Morrow, Georgia 1999 John Dane III Chairman, President, and Chief Executive Officer, Halter Marine 2000 Group, Inc., Gulfport, Mississippi Suzanne E. Boas President, Consumer Credit Counseling Service, Inc., Atlanta, Georgia 2001 Class C John F. Wieland Chief Executive Officer and Chairman, John Wieland Homes and 1999 Neighborhoods, Inc., Atlanta, Georgia Paula Lovell President, Lovell Communications, Inc., Nashville, Tennessee 2000 Maria Camila Leiva Executive Vice President, Miami Free Zone Corporation, Miami, Florida 2001
BIRMINGHAM BRANCH Appointed by the Federal Reserve Bank W. Charles Mayer III Senior Executive Vice President, AmSouth Bancorporation, and President, 1999 Alabama, Tennessee, and Georgia Banking Group, AmSouth Bank, Birmingham, Alabama Roland Pugh Chairman, Roland Pugh Construction, Inc., Northport, Alabama 2000 Hundley Batts, Sr. Owner and Managing Agent, Hundley Batts & Associates, 2000 Huntsville, Alabama Robert M. Barrett Chairman and President, The First National Bank, Wetumpka, Alabama 2001 Appointed by the Board of Governors V. Larkin Martin Managing Partner, Martin Farm, Courtland, Alabama 1999 D. Bruce Carr Labor-Relations Liaison, Laborers' District Council of Alabama, 2000 Gadsden, Alabama Catherine Sloss Crenshaw President, Sloss Real Estate Group, Birmingham, Alabama 2001
JACKSONVILLE BRANCH
Appointed by the Federal Reserve Bank William G. Smith, Jr. President and Chief Executive Officer, Capital City Bank Group, 1999 Tallahassee, Florida Terry R. West President and Chief Executive Officer, Jax Navy Federal Credit Union, 2000 Jacksonville, Florida Michael W. Poole Principal, Poole Carbone Capital Partners, Inc., Winter Park, Florida 2000 Harvey R. Heller President, Heller Bros. Packing Corp., Winter Garden, Florida 2001
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Term Expires DISTRICT 6—ATLANTA—Continued DECEMBER 31
JACKSONVILLE BRANCH—Continued Appointed by the Board of Governors Marsha G. Rydberg Partner, Foley & Lardner, Tampa, Florida 1999 William E. Flaherty Chairman, Blue Cross and Blue Shield of Florida, Inc., 2000 Jacksonville, Florida Vacancy 2001
MIAMI BRANCH
Appointed by the Federal Reserve Bank D. Keith Cobb Past Vice Chairman and Chief Executive Officer, Alamo Rent A Car, Inc., 1999 Ft. Lauderdale, Florida James W. Moore Past President, Gulf Utility Company, Fort Myers, Florida 1999 Carlos A. Migoya Regional President, Dade/Monroe Counties, First Union National Bank of 2000 Florida, Miami, Florida Robert H. Coords Chairman and Chief Executive Officer, SunTrust Bank, South Florida, 2001 N.A., Fort Lauderdale, Florida Appointed by the Board of Governors Mark T. Sodders President, Lakeview Farms, Inc., Pahokee, Florida 1999 Kaaren Johnson-Street Vice President, Minority Business Development and Urban Initiatives, 2000 Enterprise Florida, Inc., Coral Gables, Florida Gregg Borgeson President and Chief Executive Officer, Hellmann International 2001 Forwarders, Inc., Miami, Florida
NASHVILLE BRANCH
Appointed by the Federal Reserve Bank Leonard A. Walker, Jr. Chairman and Chief Executive Officer, First National Bank and Trust 1999 Company, Athens, Tennessee James E. Dalton, Jr. President and Chief Executive Officer, Quorum Health Group, Inc., 2000 Brentwood, Tennessee John E. Seward, Jr. President and Chief Executive Officer, Paty Lumber Company, 2000 Piney Flats, Tennessee Dale W. Polley President, First American National Bank, Nashville, Tennessee 2001 Appointed by the Board of Governors Michael E. Bennett Past UAW Manufacturing Advisor, Saturn Corporation, 1999 Spring Hill, Tennessee Whitney Johns Chairman and Chief Executive Officer, Whitney Johns & Company & 2000 Capital Across America, Nashville, Tennessee Frances F. Marcum Chairman and Chief Executive Officer, Micro Craft, Inc., 2001 Tullahoma, Tennessee
NEW ORLEANS BRANCH
Appointed by the Federal Reserve Bank Howard C. Gaines President, Military Division, First USA Partners, New Orleans, Louisiana 1999 Teri G. Fontenot President and Chief Executive Officer, Woman's Health 2000 FoundationAVoman's Hospital, Baton Rouge, Louisiana David Guidry President and Chief Executive Officer, Guico Machine Works, Inc., 2000 Harvey, Louisiana Howell N. Gage Chairman and Chief Executive Officer, Merchants Bank, 2001 Vicksburg, Mississippi
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Directors of Federal Reserve Banks and Branches 361
Term Expires DISTRICT 6—ATLANTA—Continued December 31
NEW ORLEANS BRANCH—Continued Appointed by the Board of Governors Glenn Pumpelly President and Chief Executive Officer, Pumpelly Oil Inc., 1999 Sulphur, Louisiana Vacancy 2000 Dwight H. Evans President and Chief Executive Officer, Mississippi Power Company, 2001 Gulfport, Mississippi
DISTRICT 7—CHICAGO
Class A Verne G. Istock Chairman, BANK ONE Corporation, Chicago, Illinois 1999 Robert R. Yohanan Managing Director and Chief Executive Officer, First Bank & Trust of 2000 Evanston, Evanston, Illinois Alan R. Tubbs President, Maquoketa State Bank and Ohnward Bancshares Inc., 2001 Maquoketa, Iowa Class B Migdalia Rivera Former Executive Director, Latino Institute, Chicago, Illinois 1999 Jack B. Evans President, The Hall-Perrine Foundation, Cedar Rapids, Iowa 2000 James H. Keyes Chairman and Chief Executive Officer, Johnson Controls, Inc., 2001 Milwaukee, Wisconsin Class C Robert J. Darnall President and Chief Executive Officer, Ispat North America, 1999 Chicago, Illinois Lester H. McKeever, Jr. Managing Partner, Washington, Pittman & McKeever, Chicago, Illinois 2000 Arthur C. Martinez Chairman and Chief Executive Officer, Sears, Roebuck and Co., 2001 Hoffman Estates, Illinois
DETROIT BRANCH
Appointed by the Federal Reserve Bank Denise Ilitch President, Olympia Development, Inc., Detroit, Michigan 1999 Irma B. Elder President, Troy Motors, Inc., Troy, Michigan 1999 David J. Wagner Chairman, President, and Chief Executive Officer, Old Kent Financial 2000 Corporation, Grand Rapids, Michigan Richard M. Bell President and Chief Executive Officer, The First National Bank of Three 2001 Rivers, Three Rivers, Michigan Appointed by the Board of Governors Florine Mark President and Chief Executive Officer, The WW Group, Inc., 1999 Farmington Hills, Michigan Timothy D. Leuliette President and Chief Operating Officer, Penske Corporation, 2000 Detroit, Michigan Stephen R. Polk Chairman and Chief Executive Officer, R.L. Polk & Co., 2001 Southfield, Michigan
DISTRICT 8—ST. LOUIS
Class A W. D. Glover Chairman and Chief Executive Officer, First National Bank of Eastern 1999 Arkansas, Forrest City, Arkansas Michael A. Alexander Chairman and President, First National Bank, Mt. Vernon, Illinois 2000 Thomas H. Jacobsen Chairman, President, and Chief Executive Officer, Mercantile 2001 Bancorporation Inc., St. Louis, Missouri
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Term Expires DISTRICT 8—ST. LOUIS—Continued December 31
Class B Executive Director, New Directions Housing Corp., 1999 Joseph E. Gliessner, Jr. Louisville, Kentucky Chairman and Chief Executive Officer, Johnson Bryce, Inc., 2000 Robert L. Johnson Memphis, Tennessee Partner, Greenwalt Company, Hazen, Arkansas 2001 Bert Greenwalt
Class C Veo Peoples, Jr. Partner, Haverstock, Garrett and Roberts, St. Louis, Missouri 1999 Susan S. Elliott Chairman and Chief Executive Officer, Systems Service Enterprises, Inc., 2000 St. Louis, Missouri Charles W. Mueller Chairman, President, and Chief Executive Officer, Ameren Corporation, 2001 St. Louis, Missouri
LITTLE ROCK BRANCH
Appointed by the Federal Reserve Bank Mark Simmons Chairman, Simmons Foods, Inc., Siloam Springs, Arkansas 1999 Ross M. Whipple Chairman, Horizon Bank of Columbia County, Magnolia, Arkansas 1999 Lunsford W. Bridges President and Chief Executive Officer, Metropolitan National Bank, Little Rock, Arkansas 2000 Lawrence A. Davis, Jr. Chancellor, University of Arkansas at Pine Bluff, Pine Bluff, Arkansas 2001
Appointed by the Board of Governors Janet M. Jones President, The Janet Jones Company, Little Rock, Arkansas 1999 Diana T. Hueter President and Chief Executive Officer, St. Vincent Health System, 2000 Little Rock, Arkansas Vick M. Crawley Plant Manager, Baxter Healthcare Corporation, 2001 Mountain Home, Arkansas
LOUISVILLE BRANCH
Appointed by the Federal Reserve Bank Larry E. Dunigan Chairman and Chief Executive Officer, Holiday Management Corp. 1999 Evansville, Indiana Vacancy 1999 Frank J. Nichols Chairman, President, and Chief Executive Officer, Bank of Benton, 2000 Benton, Kentucky Orson Oliver President, Mid-America Bank of Louisville, 2001 Louisville, Kentucky
Appointed by the Board of Governors Vacancy 1999 Debbie Scoppechio Chairman and Chief Executive Officer, Creative Alliance, Inc., 2000 Louisville, Kentucky Roger Reynolds President and Chief Executive Officer, Reynolds Coatings, LLC, 2001 Louisville, Kentucky
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Term Expires DISTRICT 8—ST. LOUIS—Continued December 31
MEMPHIS BRANCH Appointed by the Federal Reserve Bank Katie S. Winchester President, Chief Executive Officer, and Director, First Citizens National 1999 Bank, Dyersburg, Tennessee John C. Kelley, Jr. President, Memphis Banking Group, First Tennessee Bank, 1999 Memphis, Tennessee E.C. Neelly III Chief Executive Officer, First American National Bank, Iuka, Mississippi 2000 Vacancy 2001 Appointed by the Board of Governors Mike P. Sturdivant, Jr. Partner, Due West, Glendora, Mississippi 1999 Carol G. Crawley Vice President & Regional Manager, Mid-America Apartment 2000 Communities, Inc., Memphis, Tennessee Gregory M. Duckett Senior Vice President and Corporate Counsel, Baptist Memorial Health 2001 Care Corporation, Memphis, Tennessee
DISTRICT 9—MINNEAPOLIS
Class A Lynn M. Hoghaug President, Ramsey National Bank and Trust Co., Devils Lake, 1999 North Dakota Bruce Parker President, Norwest Bank Montana, Billings, Montana 2000 W.W. LaJoie Chief Executive Officer and Chairman, Central Savings Bank, 2001 Sault Ste. Marie, Michigan Class B Rob L. Wheeler Vice President, Wheeler Mfg. Co., Inc., Lemmon, South Dakota 1999 Kathryn L. Ogren Owner, Bitterroot Motors, Missoula, Montana 2000 Jay F. Hoeschler President and Owner, Hoeschler Corporation, La Crosse, Wisconsin 2001 Class C David A. Koch Chairman, Graco, Inc., Plymouth, Minnesota 1999 Ronald N. Zwieg President, United Food & Commercial Workers, Local 653, 2000 Plymouth, Minnesota James J. Howard Chairman, President, and Chief Executive Officer, Northern States Power 2001 Company, Minneapolis, Minnesota
HELENA BRANCH Appointed by the Federal Preserve Bank Richard E. Hart President, Mountain West Bank, Great Falls, Montana 1999 Emil W. Erhardt Chairman and President, Citizens State Bank, Hamilton, Montana 2000 Sandra M. Stash, P.E. Vice President, Environmental Services, ARCO Environmental 2000 Remediation L.L.C., Anaconda, Montana Appointed by the Board of Governors Thomas O. Markle President and Chief Executive Officer, Markle's Inc., Glasgow, Montana 1999 William P. Underriner General Manager, Selover Buick Inc., Billings, Montana 2000
DISTRICT 10—KANSAS CITY
Class A Dennis E. Barrett President, FirstBank Holding Company of Colorado, Lakewood, Colorado 1999 Bruce A. Schriefer President, Bankers' Bank of Kansas, Wichita, Kansas 2000 Jeffrey L. Gerhart President and Chief Executive Officer, First National Bank, Newman 2001 Grove, Nebraska
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Term Expires DISTRICT 10—KANSAS CITY—Continued December 31 Class B Charles W. Nichols Managing Partner, Davison & Sons Cattle Company, Arnett, Oklahoma 1999 Hans Helmerich President and Chief Executive Officer, Helmerich & Payne, Inc., 2000 Tulsa, Oklahoma Frank A. Potenziani M & T Trust, Albuquerque, New Mexico 2001 Class C Executive Director, Kansas City Neighborhood Alliance, 1999 Colleen D. Hernandez Kansas City, Missouri President and Chief Executive Officer, J.E. Dunn Construction Company, 2000 Terrence P. Dunn Kansas City, Missouri Area Managing Partner, Ernst & Young LLP, Minneapolis, Minnesota 2001 Jo Marie Dancik
DENVER BRANCH
Appointed by the Federal Reserve Bank C.G. Mammel President and Chief Executive Officer, The Bank of Cherry Creek, N.A., 1999 Denver, Colorado Robert M. Murphy President, Sandia Properties Ltd., Co., Albuquerque, New Mexico 2000 John W. Hay III President, Rock Springs National Bank, Rock Springs, Wyoming 2000 Albert C. Yates President, Colorado State University, Ft. Collins, Colorado 2001 Appointed by the Board of Governors Teresa N. McBride Chief Executive Officer, McBride and Associates, Inc., 1999 Albuquerque, New Mexico Kathryn A. Paul Division President, Kaiser Permanente, Denver, Colorado 2000 James A. King Chief Executive Officer, BT Inc., Riverton, Wyoming 2001
OKLAHOMA CITY BRANCH
Appointed by the Federal Reserve Bank William H. Braum President, Braum Ice Cream Co., Oklahoma City, Oklahoma 1999 Michael S. Samis President and Chief Executive Officer, Macklanburg-Duncan Co., 2000 Oklahoma City, Oklahoma Betty Bryant Shaull President-Elect and Director, Bank of Cushing and Trust Company, 2001 Cushing, Oklahoma W. Carlisle Mabrey III President and Chief Executive Officer, Citizens Bank & Trust Co., 2001 Okmulgee, Oklahoma Appointed by the Board of Governors Larry W. Brummett Chairman, President, and Chief Executive Officer, ONEOK, Inc., 1999 Tulsa, Oklahoma Patricia B. Fennell Executive Director, Latino Community Development Agency, 2000 Oklahoma City, Oklahoma David L. Kruse II Senior Vice President, American Airlines, Inc., Tulsa, Oklahoma 2001
OMAHA BRANCH
Appointed by the Federal Reserve Bank Bruce R. Lauritzen Chairman and President, First National Bank of Omaha, 1999 Omaha, Nebraska Frank L. Hayes President, Hayes & Associates, L.L.C., Omaha, Nebraska 2000 H.H. Kosman Chairman, President, and Chief Executive Officer, Platte Valley National 2000 Bank, Scottsbluff, Nebraska Bill L. Fairfield President and Chief Executive Officer, Inacom Corp., Omaha, Nebraska 2001
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Term Expires
DISTRICT 10—KANSAS CITY—Continued DECEMBER 31
OMAHA BRANCH—Continued
Appointed by the Board of Governors Bob L. Gottsch Vice President, Gottsch Feeding Corporation, Hastings, Nebraska 1999 A.F. Raimondo Chairman and Chief Executive Officer, Behlen Mfg. Co., 2000 Columbus, Nebraska Gladys Styles Johnston Chancellor, University of Nebraska at Kearney, Kearney, Nebraska 2001
DISTRICT 11—DALLAS
Class A Gayle M. Earls President and Chief Executive Officer, The Independent BankersBank, 1999 Dallas, Texas Kirk A. McLaughlin President and Chief Executive Officer, Security Bank, Ralls, Texas 2000 Dudley K. Montgomery President and Chief Executive Officer, The Security State Bank of Pecos, 2001 Pecos, Texas Class B Dan Angel President, Stephen F. Austin State University, Nacogdoches, Texas 1999 Robert C. McNair Chairman and Chief Executive Officer, Cogen Technologies Energy Group, 2000 Houston, Texas Julie S. England Vice President, Texas Instruments, Dallas, Texas 2001 Class C James A. Martin Retired Second General Vice President, International Association of 1999 Bridge, Structural, Ornamental, and Reinforcing Iron Workers, Austin, Texas Vacancy 2000 Roger R. Hemminghaus Chairman, Ultramar Diamond Shamrock Corp., San Antonio, Texas 2001
EL PASO BRANCH
Appointed by the Federal Reserve Bank James D. Renfrow President and Chief Executive Officer, The Carlsbad National Bank, 1999 Carlsbad, New Mexico Melissa W. O'Rourke President, Charlotte's Inc., El Paso, Texas 1999 Cecil E. Nix Business Manager, IBEW Local 460, Midland, Texas 2000 Lester L. Parker President, Bank of the West, El Paso, Texas 2001 Appointed by the Board of Governors Patricia Z. Holland-Branch President and Chief Executive Officer, HB/PZH Commercial 1999 Environments, Inc., El Paso, Texas Gail S. Darling Chief Executive Officer, Gail Darling, Inc., El Paso, Texas 2000 Beauregard Brite White Rancher, J. E. White, Jr. & Sons, Marfa, Texas 2001
HOUSTON BRANCH
Appointed by the Federal Reserve Bank Judith B. Craven Physician/Administrator, Houston, Texas 1999 Ray B. Nesbitt President (Retired), Exxon Chemical Company, Houston, Texas 1999 Alan R. Buckwalter III Chairman and Chief Executive Officer, Chase Bank of Texas, N.A., 2000 Houston, Texas Richard Weekley Chairman, Weekley Development Company, Houston, Texas 2001
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366 Federal Reserve Bulletin • May 1999
Term Expires DISTRICT 11—DALLAS—Continued December 31
HOUSTON BRANCH—Continued Appointed by the Board of Governors Peggy Pearce Caskey Chief Executive Officer, Laboratories for Genetic Services, Inc., 1999 Houston, Texas Malcolm Gillis President, Rice University, Houston, Texas 2000 Edward O. Gaylord Chairman, Jacintoport Terminal Company, Houston, Texas 2001
SAN ANTONIO BRANCH
Appointed by the Federal Reserve Bank Juliet V. Garcia President, The University of Texas at Brownsville, Brownsville, Texas 1999 Douglas G. Macdonald President, South Texas National Bank, Laredo, Texas 1999 Arthur Emerson Vice President/General Manager, KVDA-TV 60 Telemundo, 2000 San Antonio, Texas R. Tom Roddy Chairman, Camino Real Bank, San Antonio, Texas 2001 Appointed by the Board of Governors Patty P. Mueller Vice President/Finance, Mueller Energetics Corp., Corpus Christi, Texas 1999 H.B. Zachry, Jr. Chairman and Chief Executive Officer, H.B. Zachry Company, 2000 San Antonio, Texas Ron R. Harris President and Chief Executive Officer, Pervasive Software, Austin, Texas 2001
DISTRICT 12—SAN FRANCISCO
Class A E. Lynn Caswell Chairman and Chief Executive Officer, Pacific Community Banking Group, 1999 Laguna Hills, California John V. Rindlaub President, Northwest Region, Bank of America, Seattle, Washington 2000 Warren K.K. Luke Vice Chairman, President, and Chief Executive Officer, Hawaii National 2001 Bank, Honolulu, Hawaii Class B Robert S. Attiyeh Senior Vice President and Chief Financial Officer (Retired), Amgen, Inc., 1999 Thousand Oaks, California Krestine Corbin President and Chief Executive Officer, Sierra Machinery, Inc., 2000 Sparks, Nevada Byron I. Mallott Executive Director, Alaska Permanent Fund Corp., Juneau, Alaska 2001 Class C Gary Glenn Michael Chairman and Chief Executive Officer, Albertson's, Inc., Boise, Idaho 1999 Nelson C. Rising President and Chief Executive Officer, Catellus Development Corporation, 2000 San Francisco, California Sheila Denise Harris Consultant, Harris Consulting, Litchfield Park, Arizona 2001
Los ANGELES BRANCH
Appointed by the Federal Reserve Bank John H. Gleason Executive Vice President, Del Webb Corporation, Phoenix, Arizona 1999 Liam E. McGee President, Southern California Banking, Bank of America, 2000 Los Angeles, California Linda Griego Managing General Partner, Engine Co. No. 28, Los Angeles, California 2000 Russell Goldsmith Chairman and Chief Executive Officer, City National Bank, 2001 Beverly Hills, California
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1999
Directors of Federal Reserve Banks and Branches 367
Term Expires DISTRICT 12—SAN FRANCISCO—Continued DECEMBER 31
Los ANGELES BRANCH—Continued Appointed by the Board of Governors Lori R. Gay President, Los Angeles Neighborhood Housing Service, 1999 Los Angeles, California Lonnie Kane President, Karen Kane, Inc., Los Angeles, California 2000 William D. Jones Chairman, President, and Chief Executive Officer, CityLink Investment 2001 Corporation, San Diego, California
PORTLAND BRANCH
Appointed by the Federal Reserve Bank Phyllis A. Bell President, Oregon Coast Aquarium, Newport, Oregon 1999 Martin Brantley President and General Manager, Oregon's 12-KPTV, Portland, Oregon 1999 Guy L. Williams President and Chief Executive Officer, Security Bank, Coos Bay, Oregon 2000 Gary T. Duim Vice Chairman, U. S. Bancorp, Portland, Oregon 2001 Appointed by the Board of Governors Nancy Wilgenbusch President, Marylhurst University, Marylhurst, Oregon 1999 Patrick Borunda Director, Oweesta Fund, First Nation's Development Institute, 2000 Vancouver, Washington Karla S. Chambers Vice President, Stahlbush Island Farms, Inc., Corvallis, Oregon 2001
SALT LAKE CITY BRANCH
Appointed by the Federal Reserve Bank J. Pat McMurray President, First Security Bank, N.A., Boise, Idaho 1999 Maria Garciaz Executive Director, Salt Lake Neighborhood Housing Services, 1999 Salt Lake City, Utah R.D. Cash Chairman, President, and Chief Executive Officer, Questar Corporation, 2000 Salt Lake City, Utah Curtis H. Harris Chairman, President, and Chief Executive Officer, Barnes Banking 2001 Company, Kaysville, Utah Appointed by the Board of Governors Nancy S. Mortensen Vice President-Marketing Services, ZCMI, Salt Lake City, Utah 1999 Barbara L. Wilson Idaho and Regional Vice President, U. S. West, Boise, Idaho 2000 Jon M. Huntsman, Jr. Vice Chairman, Huntsman Corporation, Salt Lake City, Utah 2001
SEATTLE BRANCH
Appointed by the Federal Reserve Bank Tomio Moriguchi Chairman and Chief Executive Officer, Uwajimaya, Inc., 1999 Seattle, Washington James C. Hawkanson Managing Director and Chief Executive Officer, The Commerce Bank of 1999 Washington, N.A., Seattle, Washington Betsy Lawer Vice Chair and Chief Operating Officer, First National Bank of Anchorage, 2000 Anchorage, Alaska Peter H. van Oppen Chairman and Chief Executive Officer, Advanced Digital Information 2001 Corp., Redmond, Washington Appointed by the Board of Governors Boyd E. Givan Senior Vice President and Chief Financial Officer (Retired), 1999 The Boeing Company, Seattle, Washington Richard R. Sonstelie Chairman, Puget Sound Energy, Inc., Bellevue, Washington 2000 Helen M. Rockey Chairman, Brooks Sports, Inc., Bothell, Washington 2001
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis