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395

Directors of Federal Reserve Banks and Branches

Regional decentralization and a combination of chosen without discrimination as to race, creed, governmental and private characteristics are im- color, sex, or national origin. portant hallmarks of the uniqueness of the Fed- Class A directors of each Reserve Bank repre- eral Reserve System. Under the Federal Reserve sent the stockholding member banks of the Fed- Act, decentralization was achieved by division of eral Reserve District. Class B and Class C direc- the country into twelve regions called Federal tors represent the public and are chosen with Reserve Districts and the establishment in each due, but not exclusive, consideration to the in- District of a separately incorporated Federal terests of agriculture, commerce, industry, ser- Reserve Bank, with its own board of directors. vices, labor, and consumers; they may not be The blending of governmental and private char- officers, directors, or employees of any bank. In acteristics is provided through ownership of the addition, Class C directors may not be stockhold- stock of the Reserve Bank by member banks in ers of any bank. The Board of Governors desig- its District who also elect the majority of the nates annually one Class C director as chairman board of directors, and by the general supervi- of the board of directors of each District Bank, sion of the Reserve Banks by the Board of and designates another Class C director as dep- Governors, an agency of the federal government. uty chairman. The Board also appoints a minority of each board Each of the twenty-five Branches of the Fed- of directors. Thus, there are essential elements of eral Reserve Banks has a board of either seven or regional participation and counsel in the conduct five directors, a majority of whom are appointed of the System's affairs for which the Federal by the parent Federal Reserve Bank; the others Reserve relies importantly on the contributions are appointed by the Board of Governors. One of of the directors of the Federal Reserve Banks the Board's appointees is designated annually as and Branches. chairman of the board of that Branch in a manner The following list of directors of Federal Re- prescribed by the parent Federal Reserve Bank. serve Banks and Branches shows for each direc- The names of the chairman and deputy chair- tor the class of directorship, the principal busi- man of the board of directors of each Reserve ness affiliation, and the date the current term Bank and of the chairman of each Branch are expires. Each Federal Reserve Bank has nine published monthly in the Federal Reserve members on its board of directors: The member BulletinJ banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. Directors are 1. The current list appears on page A80 of this Bulletin. DISTRICT 1—BOSTON Term expires Class A Dec. 31 Richard D. Wardell President and Chief Executive Officer, National Bank of Salisbury, 1990 Salisbury, Connecticut William H. Chadwick Vice Chairman of the Board and Chief Operating Officer, Banknorth 1991 Group, Inc., Burlington, Vermont Terrence Murray Chairman of the Board, President, and Chief Executive Officer, 1992 Fleet/Norstar Financial Group, Inc., Providence, Rhode Island

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396 Federal Reserve Bulletin • May 1990

DISTRICT 1—Continued Term expires Class B Dec. 31

Stephen R. Levy Chairman of the Board and Chief Executive Officer, Bolt Beranek 1990 and Newman, Inc., Cambridge, Massachusetts Edward H. Ladd Chairman and Chief Executive Officer, Standish, Ayer and Wood, 1991 Inc., Boston, Massachusetts Joan T. Bok Chairman of the Board, New England Electric System, 1992 Westborough, Massachusetts Class C Richard L. Taylor President, Taylor Properties, Inc., Boston, Massachusetts 1990 Dr. Jerome H. Grossman Chairman of the Board and Chief Executive Officer, New England 1991 Medical Center, Inc., Boston, Massachusetts Richard N. Cooper Maurits C. Boas Professor of International Economics, Harvard 1992 University, Cambridge, Massachusetts DISTRICT 2—NEW YORK

Class A

J. Kirby Fowler President and Chief Executive Officer, The Flemington National 1990 Bank and Trust Company, Flemington, New Jersey Chairman of the Board and Chief Executive Officer, Manufacturers 1991 John F. McGillicuddy Hanover Trust Company, New York, New York Chairman of the Board, President, and Chief Executive Officer, 1992 Victor J. Riley, Jr. KeyCorp, Albany, New York Class B

John F. Welch, Jr. Chairman of the Board and Chief Executive Officer, GE, Fairfield, 1990 Connecticut Richard L. Gelb Chairman of the Board and Chief Executive Officer, Bristol-Myers 1991 Squibb Company, New York, New York John A. Georges Chairman of the Board and Chief Executive Officer, International 1992 Paper, Purchase, New York Class C Ellen V. Futter President, Barnard College, New York, New York 1990 Maurice R. Greenberg President and Chief Executive Officer, American International 1991 Group, Inc., New York, New York Cyrus R. Vance Presiding Partner, Simpson Thacher & Bartlett, New York, New 1992 York

—BUFFALO BRANCH

Appointed by the Federal Reserve Bank Norman W. Sinclair Chairman of the Board, Lockport Savings Bank, Lockport, New 1990 York Richard H. Popp Operating Partner, Southview Farm, Castile, New York 1991 Robert G. Wilmers Chairman of the Board and Chief Executive Officer, Manufacturers 1991 and Traders Trust Company, Buffalo, New York Wilbur F. Beh President and Chief Executive Officer, FNB Rochester Corp., 1992 Rochester, New York

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Directors of Federal Reserve Banks and Branches 397

DISTRICT 2—Continued Term expires BUFFALO BRANCH—Continued Dec. 31 Appointed by the Board of Governors Paul E. McSweeney Executive Vice President, United Food and Commercial Workers, 1990 District Union Local One, AFL-CIO, Amherst, New York Mary Ann Lambertsen Vice President-Human Resources and Information Systems, 1991 Fisher-Price, Division of The Quaker Oats Company, East Aurora, New York Vacancy 1992

DISTRICT 3—PHILADELPHIA

Class A Constantinos I. Costalas Chairman of the Board, President, and Chief Executive Officer, 1990 Glendale National Bank of New Jersey, Voorhees, New Jersey Gary E. Burl President, Delaware National Bank, Georgetown, Delaware 1991 Samuel A. McCullough Chairman of the Board and Chief Executive Officer, Meridian 1992 Bancorp, Inc., Reading, Pennsylvania

Class B

Charles F. Seymour Chairman of the Board, Jackson-Cross Company, Philadelphia, 1990 Pennsylvania Nicholas Riso Executive Vice President, AHOLD, U.S.A., Harrisburg, 1991 Pennsylvania David W. Huggins President, RMS Technologies, Inc., Marlton, New Jersey 1992

Class C Jane G. Pepper President, The Pennsylvania Horticultural Society, Philadelphia, 1990 Pennsylvania Chairman of the Board, President, and Chief Executive Officer, 1991 Gunnar E. Sarsten United Engineers & Constructors, Inc., Philadelphia, Pennsylvania Chairman of the Board, Quaker Chemical Corporation, 1992 Peter A. Benoliel Conshohocken, Pennsylvania DISTRICT 4—CLEVELAND

Class A William H. May Chairman of the Board and President, First National Bank of 1990 Nelsonville, Nelsonville, Ohio William T. McConnell President, The Park National Bank, Newark, Ohio 1991 Frank Wobst Chairman of the Board and Chief Executive Officer, Huntington 1992 Bancshares Incorporated, Columbus, Ohio

Class B Verna K. Gibson President, The Limited Stores, Inc., Columbus, Ohio 1990 Douglas E. Olesen President and Chief Executive Officer, Battelle Memorial Institute, 1991 Columbus, Ohio Laban P. Jackson, Jr. Chairman of the Board, Clearcreek Properties, Lexington, Kentucky 1992

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398 Federal Reserve Bulletin • May 1990

DISTRICT 4—Continued Term expires Class C Dec. 31 Robert D. Storey Partner, Burke, Haber & Berick, Cleveland, Ohio 1990 John R. Miller Former President and Chief Operating Officer, The Standard Oil 1991 Company (Ohio), Cleveland, Ohio Charles W. Parry Retired Chairman and Chief Executive Officer, Aluminum Company 1992 of America, Pittsburgh, Pennsylvania —CINCINNATI BRANCH Appointed by the Federal Reserve Bank Jack W. Buchanan President, Sphar & Company, Inc., Winchester, Kentucky 1990 Jerry L. Kirby Chairman of the Board, President, and Chief Executive Officer, 1990 Citizens Federal Savings & Loan Association, Dayton, Ohio Allen L. Davis President and Chief Executive Officer, The Provident Bank, 1991 Cincinnati, Ohio Clay Parker Davis President and Chief Executive Officer, Citizens National Bank, 1992 Somerset, Kentucky Appointed by the Board of Governors Marvin Rosenberg Partner, Towne Properties, Ltd., Cincinnati, Ohio 1990 Kate Ireland National Chairman of the Board, Frontier Nursing Service, 1991 Wendover, Kentucky Vacancy 1992

—PITTSBURGH BRANCH

Appointed by the Federal Reserve Bank George A. Davidson, Jr. Chairman of the Board and Chief Executive Officer, Consolidated 1990 Natural Gas Company, Pittsburgh, Pennsylvania Stephen C. Hansen President and Chief Executive Officer, Dollar Bank, F.S.B., 1990 Pittsburgh, Pennsylvania E. James Trimarchi President and Chief Executive Officer, First Commonwealth 1991 Financial Corporation, Indiana, Pennsylvania William F. Roemer President and Chief Executive Officer, Integra Financial 1992 Corporation, Pittsburgh, Pennsylvania Appointed by the Board of Governors Milton A. Washington President and Chief Executive Officer, Allegheny Housing 1990 Rehabilitation Corporation, Pittsburgh, Pennsylvania Jack B. Piatt Chairman of the Board and President, Millcraft Industries, Inc., 1991 Washington, Pennsylvania Robert P. Bozzone President and Chief Operating Officer, Allegheny Ludlum 1992 Corporation, Pittsburgh, Pennsylvania DISTRICT 5—RICHMOND Class A 1990 John F. McNair III Director, Wachovia Bank & Trust Company, N.A. and The Wachovia Corporation, Winston-Salem, North Carolina 1991 C.R. Hill, Jr. Chairman of the Board and President, Merchants & Miners National Bank, Oak Hill, West Virginia A. Pierce Stone Chairman, President, and Chief Executive Officer, Virginia 1992 Community Bank, Louisa, Virginia

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Directors of Federal Reserve Banks and Branches 399

DISTRICT 5—Continued Term expires Class B Dec. 31

Jack C. Smith Chairman of the Board and Chief Executive Officer, K-VA-T Food 1990 Stores, Inc., Grundy, Virginia Edward H. Co veil President, The Covell Company, Easton, Maryland 1991 R.E. Atkinson, Jr. Chairman, Dilmar Oil Company, Inc., Latta, South Carolina 1992

Class C Hanne Merriman Retail Business Consultant, Washington, D.C. 1990 Anne Marie Whittemore Partner, McGuire, Woods, Battle & Boothe, Richmond, Virginia 1991 Henry J. Faison President, Faison Associates, Charlotte, North Carolina 1992

—BALTIMORE BRANCH

Appointed by the Federal Reserve Bank Raymond V. Haysbert, Sr. President and Chief Executive Officer, Parks Sausage Company, 1990 Baltimore, Maryland H. Grant Hathaway Chairman of the Board, Maryland National Bank, Baltimore, 1991 Maryland Joseph W. Mosmiller Chairman of the Board, Loyola Federal Savings and Loan 1991 Association, Baltimore, Maryland Richard M. Adams Chairman and Chief Executive Officer, United Bankshares, Inc., 1992 Parkersburg, West Virginia Appointed by the Board of Governors Gloria L. Johnson Deputy Director of Administration, The Baltimore Museum of Art, 1990 Baltimore, Maryland Thomas R. Shelton President, Case Foods, Inc., Salisbury, Maryland 1991 John R. Hardesty, Jr. President, Preston Energy, Inc., Kingwood, West Virginia 1992

—CHARLOTTE BRANCH

Appointed by the Federal Reserve Bank James M. Culberson, Jr. Chairman and President, The First National Bank of Randolph 1990 County, Asheboro, North Carolina Crandall C. Bowles President, The Springs Company, Lancaster, South Carolina 1991 James G. Lindley Chairman and Chief Executive Officer, South Carolina National 1991 Corporation, and Chairman, President, and Chief Executive Officer, The South Carolina National Bank, Columbia, South Carolina David B. Jordan President, Chief Executive Officer and Director, Omni Capital 1992 Group, Inc. and Home Federal Savings Bank, Salisbury, North Carolina Appointed by the Board of Governors William E. Masters President, Perception, Inc., Easley, South Carolina 1990 Harold D. Kingsmore President and Chief Operating Officer, Graniteville Company, 1991 Graniteville, South Carolina Anne M. Allen President, Allen-Austin, Inc., Greensboro, North Carolina 1992

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400 Federal Reserve Bulletin • May 1990

DISTRICT 6—ATLANTA Term expires Class A Dec. 31

E.B. Robinson, Jr. Chairman of the Board and Chief Executive Officer, Deposit 1990 Guaranty National Bank and Deposit Guaranty Corporation, Jackson, Mississippi Virgil H. Moore, Jr. Chairman of the Board and Chief Executive Officer, First Farmers 1991 and Merchants National Bank, Columbia, Tennessee W.H. Swain Chairman of the Board, First National Bank, Oneida, Tennessee 1992

Class B Gary J. Chouest President and Chief Executive Officer, Edison Chouest Offshore, 1990 Inc., Galliano, Louisiana Saundra H. Gray Co-Owner, Gemini Springs Farm, DeBary, Florida 1991 J. Thomas Holton Chairman of the Board and President, Sherman International 1992 Corporation, Birmingham, Alabama Class C

Edwin A. Huston Senior Executive Vice President-Finance, Ryder System, Inc., 1990 Miami, Florida Larry L. Prince Chairman and Chief Executive Officer, Genuine Parts Company, 1991 Atlanta, Georgia Leo Benatar Chairman of the Board and President, Engraph, Inc., 1992 Atlanta, Georgia

—BIRMINGHAM BRANCH Appointed by the Federal Reserve Bank Harry B. Brock, Jr. Chairman of the Board and Chief Executive Officer, Central Bank of 1990 the South, Birmingham, Alabama Shelton E. Allred Chairman of the Board, President, and Chief Executive Officer, 1991 Frit Industries, Inc., Ozark, Alabama William F. Childress President, First American Federal Savings and Loan Association, 1991 Hunts ville, Alabama Robert M. Barrett Chairman and President, The First National Bank, Wetumpka, 1992 Alabama Appointed by the Board of Governors A.G. Trammell President, Alabama Labor Council, AFL-CIO, Birmingham, 1990 Alabama Roy D. Terry President and Chief Executive Officer, Terry Manufacturing 1991 Company, Inc., Roanoke, Alabama Nelda P. Stephenson President, Nelda Stephenson Chevrolet, Inc., Florence, Alabama 1992

—JACKSONVILLE BRANCH Appointed by the Federal Reserve Bank Hugh H. Jones, Jr. Chairman of the Board and Chief Executive Officer, 1990 Barnett Bank of Jacksonville, N.A., Jacksonville, Florida Perry M. Dawson President and Chief Executive Officer, 1991 Suncoast Schools Federal Credit Union, Tampa, Florida Samuel H. Vickers President and Chief Executive Officer, Design Containers, Inc., 1991 Jacksonville, Florida Merle L. Graser Chairman and Chief Executive Officer, First National Bank of 1992 Venice, Venice, Florida

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Directors of Federal Reserve Banks and Branches 401

DISTRICT 6—Continued Term expires JACKSONVILLE BRANCH—Continued Dec. 31 Appointed by the Board of Governors Joan Dial Ruffier General Partner, Sunshine Cafes and Vice President, Vista 1990 Landscaping, Orlando, Florida Hugh M. Brown President and Chief Executive Officer, BAMSI, Inc., Titusville, 1991 Florida Lana Jane Lewis-Brent Vice Chairman of the Board, President, and Chief Executive Officer, 1992 Sunshine Jr. Stores, Inc., Panama City, Florida —MIAMI BRANCH Appointed by the Federal Reserve Bank Robert M. Taylor Chairman of the Board and Chief Executive Officer, The Mariner 1990 Group, Inc., Fort Myers, Florida Frederick A. Teed President and Chief Executive Officer, Community Savings, F.A., 1990 North Palm Beach, Florida Roberto G. Blanco Vice Chairman of the Board and Chief Financial Officer, Republic 1991 National Bank of Miami, Miami, Florida A. Gordon Oliver President and Chief Executive Officer, Citizens and Southern 1992 National Bank of Florida, Fort Lauderdale, Florida Appointed by the Board of Governors Robert D. Apelgren President, Apelgren Corporation, Pahokee, Florida 1990 Dorothy C. Weaver Vice President, Intercap Investments, Inc., Miami, Florida 1991 Jose L. Saumat Chairman of the Board, Kaufman and Roberts, Inc., Miami, Florida 1992

—NASHVILLE BRANCH

Appointed by the Federal Reserve Bank Vincent K. Hickam President and Chief Executive Officer, Executive Park National 1990 Bank, Kingsport, Tennessee William Baxter Lee III Chairman of the Board and President, Southeast Services 1991 Corporation, Knoxville, Tennessee Edwin W. Moats, Jr. Chairman of the Board and Chief Executive Officer, Metropolitan 1991 Federal Savings and Loan Association, Nashville, Tennessee James A. Rainey Chairman of the Board, Sovran Financial Corporation/Central 1992 South, Nashville, Tennessee Appointed by the Board of Governors Victoria B. Jackson President and Chief Executive Officer, Diesel Sales and Service, 1990 Inc. and Prodiesel, Inc., Nashville, Tennessee Shirley A. Zeitlin President, Shirley Zeitlin & Co. Realtors, Nashville, Tennessee 1991 Harold A. Black Professor and Head, Department of Finance, College of Business 1992 Administration, University of Tennessee, Knoxville, Tennessee —NEW ORLEANS BRANCH Appointed by the Federal Reserve Bank Ronald M. Boudreaux President and Chief Executive Officer, First National Bank of St. 1990 Landry Parish, Opelousas, Louisiana Joel B. Bullard, Jr. President, Joe Bullard Automotive Companies, Mobile, Alabama 1991 Stanley S. Scott President, Crescent Distributing Company, Harahan, Louisiana 1991 Earl W. Lundy Chairman of the Board and Chief Executive Officer, First National 1992 Bank of Vicksburg, Vicksburg, Mississippi

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402 Federal Reserve Bulletin • May 1990

DISTRICT 6—Continued Term expires NEW ORLEANS BRANCH—Continued Dec. 31

Appointed by The Board of Governors Vacancy 1990 Andre M. Rubenstein Chairman of the Board and Chief Executive Officer, Rubenstein 1991 Brothers, Inc., New Orleans, Louisiana James A. Hefner President, Jackson State University, Jackson, Mississippi 1992

DISTRICT 7—CHICAGO

Class A Barry F. Sullivan Chairman of the Board, First Chicago Corporation, Chicago, Illinois 1990 John W. Gabbert President and Chief Executive Officer, First of America 1991 Bank-LaPorte, N.A., LaPorte, Indiana B.F. Backlund Chairman of the Board and Chief Executive Officer, Bartonville 1992 Bank, Bartonville, Illinois

Class B Edward D. Powers President, Fire Brick Engineers, Milwaukee, Wisconsin 1990 Max J. Naylor President, Naylor Farms, Inc., Jefferson, Iowa 1991 Paul J. Schierl Chairman of the Board and Chief Executive Officer, Fort Howard 1992 Corporation, Green Bay, Wisconsin

Class C

Marcus Alexis Dean, College of Business Administration, University of Illinois at 1990 Chicago, Chicago, Illinois Charles S. McNeer Chairman of the Board and Chief Executive Officer, Wisconsin 1991 Energy Corporation, Milwaukee, Wisconsin Richard G. Cline Chairman of the Board, President, and Chief Executive Officer, 1992 NICOR, Inc., Naperville, Illinois

—DETROIT BRANCH

Appointed by the Federal Reserve Bank James A. Aliber Chairman of the Board and Chief Executive Officer, FirstFed 1990 Michigan Corporation, Detroit, Michigan Frederik G.H. Meijer Chairman of the Board, Meijer, Incorporated, Grand Rapids, 1990 Michigan Robert J. Mylod Chairman of the Board, President and Chief Executive Officer, 1991 Michigan National Corporation, Farmington Hills, Michigan Norman F. Rodgers President and Chief Executive Officer, Hillsdale County National 1992 Bank, Hillsdale, Michigan Appointed by the Board of Governors Beverly Beltaire President, P R Associates, Inc., Detroit, Michigan 1990 Phyllis E. Peters Director, Professional Standards Review, Deloitte & Touche, 1991 Detroit, Michigan J. Michael Moore Chairman of the Board and Chief Executive Officer, Invetech 1992 Company, Detroit, Michigan

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Directors of Federal Reserve Banks and Branches 403

DISTRICT 8—ST. LOUIS Term expires Class A Dec. 31

H.L. Hembree III Chairman of the Executive Committee, Merchants National Bank, 1990 Fort Smith, Arkansas Henry G. River, Jr. President and Chief Executive Officer, First National Bank in 1991 Pinckneyville, Pinckneyville, Illinois W.E. Ayres Chairman of the Board and Chief Executive Officer, Simmons First 1992 National Bank of Pine Bluff, Pine Bluff, Arkansas Class B Roger W. Schipke Senior Vice President, GE Appliances, GE, Louisville, Kentucky 1990 Thomas F. McLarty III Chairman of the Board and Chief Executive Officer, Arkla, Inc., 1991 Little Rock, Arkansas Frank M. Mitchener, Jr. President, Mitchener Farms, Inc., Sumner, Mississippi 1992

Class C Janet McAfee Weakley President, Janet McAfee, Inc., Clayton, Missouri 1990 Robert H. Quenon President and Chief Executive Officer, Peabody Holding Company, 1991 Inc., St. Louis, Missouri H. Edwin Trusheim Chairman of the Board and Chief Executive Officer, General 1992 American Life Insurance Company, St. Louis, Missouri —LITTLE ROCK BRANCH

Appointed by the Federal Reserve Bank David Armbruster President, First America Federal Savings Bank, 1990 Fort Smith, Arkansas W. Wayne Hartsfield President and Chief Executive Officer, First National Bank, Searcy, 1990 Arkansas Barnett Grace President and Chief Executive Officer, First Commercial Bank, 1991 N.A., Little Rock, Arkansas Patricia M. Townsend President, Townsend Company, Stuttgart, Arkansas 1992

Appointed by the Board of Governors William E. Love President, Sound-Craft Systems, Inc., Morrilton, Arkansas 1990 James R. Rodgers Airport Manager, Little Rock Regional Airport, Little Rock, 1991 Arkansas L. Dickson Flake President, Barnes, Quinn, Flake & Anderson, Inc., Little Rock, 1992 Arkansas —LOUISVILLE BRANCH

Appointed by the Federal Reserve Bank Irving W. Bailey II Chairman of the Board, President, and Chief Executive Officer, 1990 Capital Holding Corporation, Louisville, Kentucky Wayne G. Overall, Jr. President, First Federal Savings Bank, Elizabethtown, Kentucky 1990 Douglas M. Lester Chairman of the Board, President, and Chief Executive Officer, 1991 Trans Financial Bancorp, Inc., Bowling Green, Kentucky Morton Boyd President, First Kentucky National Corporation, Louisville, 1992 Kentucky

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404 Federal Reserve Bulletin • May 1990

DISTRICT 8—Continued Term expires LOUISVILLE BRANCH—Continued Dec. 31 Appointed by the Board of Governors Raymond M. Burse Partner, Wyatt, Tarrant and Combs, Louisville, Kentucky 1990 Lois H. Gray Chairman of the Board, James N. Gray Construction Company, 1991 Inc., Glasgow, Kentucky Vacancy 1992

—MEMPHIS BRANCH

Appointed by the Federal Reserve Bank Thomas M. Garrott President and Chief Operating Officer, National Bank of Commerce 1990 and National Commerce Bancorporation, Memphis, Tennessee Larry A. Watson Chairman of the Board and President, Liberty Federal Savings 1990 Bank, Paris, Tennessee Ray U. Tanner Chairman of the Board and Chief Executive Officer, Jackson 1991 National Bank and Volunteer Bancshares, Inc., Jackson, Tennessee Michael J. Hennessey President, Munro & Company, Inc., Wynne, Arkansas 1992

Appointed by the Board of Governors Seymour B. Johnson Owner, Kay Planting Company, Indianola, Mississippi 1990 Katherine Hinds Smythe President, Memorial Park, Inc., Memphis, Tennessee 1991 Sandra B. Sanderson President and Chief Executive Officer, Sanderson Plumbing 1992 Products, Inc., Columbus, Mississippi

DISTRICT 9—MINNEAPOLIS

Class A Joel S. Harris President, Yellowstone Bank, Billings, Montana 1990 James H. Hearon III Chairman of the Board and Chief Executive Officer, National City 1991 Bank, Minneapolis, Minnesota Rodney W. Fouberg Chairman of the Board, Farmers and Merchants Bank and Trust 1992 Co., Aberdeen, South Dakota

Class B Earl R. St. John, Jr. President, St. John Forest Products, Inc., Spalding, Michigan 1990 Duane E. Dingmann President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1991 Bruce C. Adams Partner, Triple Adams Farms, Minot, North Dakota 1992

Class C Delbert W. Johnson President and Chief Executive Officer, Pioneer Metal Finishing, 1990 Minneapolis, Minnesota Michael W. Wright Chairman of the Board, Chief Executive Officer, and President, 1991 Super Valu Stores, Inc., Minneapolis, Minnesota Gerald A. Rauenhorst Chairman of the Board and Chief Executive Officer, Opus 1992 Corporation, Minneapolis, Minnesota

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Directors of Federal Reserve Banks and Branches 405

DISTRICT 9—Continued Term expires Dec. 31 —HELENA BRANCH

Appointed by the Federal Reserve Bank Noble E. Vosburg President and Chief Executive Officer, Pacific Hide and Fur 1990 Corporation, Great Falls, Montana Robert H. Waller President and Chief Executive Officer, First Interstate Bank of 1990 Billings, N.A., Billings, Montana Beverly D. Harris President, Empire Federal Savings and Loan Association, 1991 Livingston, Montana Appointed by the Board of Governors J. Frank Gardner President, Montana Resources, Inc., Butte, Montana 1990 James E. Jenks Jenks Farms, Hogeland, Montana 1991

DISTRICT 10—KANSAS CITY Class A

Roger L. Reisher Co-Chairman of the Board, FirstBank Holding Company of 1990 Colorado, Lake wood, Colorado Robert L. Hollis Chairman of the Board and Chief Executive Officer, First National 1991 Bank and Trust Co., Okmulgee, Oklahoma Harold L. Gerhart, Jr. President and Chief Executive Officer, First National Bank, 1992 Newman Grove, Nebraska Class B S. Dean Evans, Sr. Partner, Evans Grain Company, Salina, Kansas 1990 Frank J. Yaklich, Jr. President, CF & I Steel Corporation, Pueblo, Colorado 1991 Frank A. McPherson Chairman of the Board and Chief Executive Officer, Kerr-McGee 1992 Corporation, Oklahoma City, Oklahoma Class C Thomas E. Rodriguez President and General Manager, Thomas E. Rodriguez & 1990 Associates, P.C., Aurora, Colorado Burton A. Dole, Jr. Chairman of the Board and President, Puritan-Bennett Corporation, 1991 Overland Park, Kansas Fred W. Lyons, Jr. President, Marion Merrell Dow Inc., Kansas City, Missouri 1992

—DENVER BRANCH

Appointed by the Federal Reserve Bank Junius F. Baxter Denver, Colorado 1990 Norman R. Corzine President and Chief Executive Officer, First National Bank in 1991 Albuquerque, Albuquerque, New Mexico W. Richard Scarlett III Chairman of the Board and Chief Executive Officer, Jackson State 1991 Bank, Jackson Hole, Wyoming Henry A. True III Partner, True Companies, Casper, Wyoming 1992

Appointed by the Board of Governors Gilbert Sanchez President, New Mexico Highlands University, Las Vegas, New 1990 Mexico Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado 1991 Sandra K. Woods Vice President, Corporate Real Estate, Adolph Coors Company, 1992 Golden, Colorado

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406 Federal Reserve Bulletin • May 1990

DISTRICT 10—Continued Term expires Dec. 31 —OKLAHOMA CITY BRANCH

Appointed by the Federal Reserve Bank W. Dean Hidy Chairman of the Board, Triad Bank, N.A., Tulsa, Oklahoma 1990 John Wm. Laisle President, MidFirst Savings and Loan Association, Oklahoma City, 1990 Oklahoma C. Kendric Fergeson Chairman of the Board and Chief Executive Officer, The National 1991 Bank of Commerce, Altus, Oklahoma Appointed by the Board of Governors John F. Snodgrass President and Trustee, The Samuel Roberts Noble Foundation, Inc., 1990 Ardmore, Oklahoma Ernest L. Holloway President, Langston University, Langston, Oklahoma 1991

—OMAHA BRANCH

Appointed by the Federal Reserve Bank John R. Cochran President and Chief Executive Officer, Norwest Bank Nebraska, 1990 N.A., Omaha, Nebraska Sheila Griffin Associate Director, Lied Center for Performing Arts, University of 1991 Nebraska-Lincoln, Lincoln, Nebraska John T. Selzer Chairman of the Board and Chief Executive Officer, Scottsbluflf 1991 National Bank and Trust Company, Scottsbluflf, Nebraska Appointed by the Board of Governors Herman Cain President and Chief Executive Officer, Godfather's Pizza, Inc., 1990 Omaha, Nebraska Leroy William Thom President, T-L Irrigation Company, Hastings, Nebraska 1991

DISTRICT 11—DALLAS Class A T.C. Frost Chairman of the Board, The Frost National Bank, San Antonio, 1990 Texas Charles T. Doyle Chairman of the Board and Chief Executive Officer, Gulf National 1991 Bank, Texas City, Texas Robert G. Greer Chairman of the Board, Tanglewood Bank, N.A., Houston, Texas 1992

Class B Robert L. Pfluger Rancher, San Angelo, Texas 1990 Charles Dickie Williamson Chairman of the Board and Chief Executive Officer, 1991 Williamson-Dickie Manufacturing Company, Fort Worth, Texas Gary E. Wood President, Texas Research League, Austin, Texas 1992

Class C Bobby R. Inman Austin, Texas 1990 Hugh G. Robinson Chairman of the Board and Chief Executive Officer, The Tetra 1991 Group, Inc., Dallas, Texas Leo E. Linbeck, Jr. Chairman of the Board and Chief Executive Officer, Linbeck 1992 Construction Corporation, Houston, Texas

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Directors of Federal Reserve Banks and Branches 407

DISTRICT 11—Continued Term expires Dec. 31 —EL PASO BRANCH

Appointed by the Federal Reserve Bank Henry B. Ellis President and Chief Credit Officer, MBank El Paso, N.A., El Paso, 1990 Texas Ethel Ortega Olson Owner, NAMBE of Ruidoso, Ruidoso, New Mexico 1990 Humberto F. Sambrano President, SamCorp General Contractors, El Paso, Texas 1991 Wayne Merritt Chairman of the Board and President, United Bank, N.A., Midland, 1992 Texas Appointed by the Board of Governors Diana S. Natalicio President, The University of Texas at El Paso, El Paso, Texas 1990 Donald G. Stevens Owner, Stevens Oil Company, Roswell, New Mexico 1991 W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1992

—HOUSTON BRANCH

Appointed by the Federal Reserve Bank Clive Runnells President and Director, Runnells Cattle Company, Bay City, Texas 1990 David E. Sheffield Member Relations Consultant, American Bankers Association, 1990 Washington, D.C. Jeff Austin, Jr. President, First National Bank of Jacksonville, Jacksonville, Texas 1991 Jenard M. Gross President, Gross Builders, Inc., Houston, Texas 1992

Appointed by the Board of Governors Andrew L. Jefferson, Jr. Attorney, Jefferson and Mims, Houston, Texas 1990 Gilbert D. Gaedcke, Jr. Chairman of the Board and Chief Executive Officer, Gaedcke 1991 Equipment Company, Houston, Texas Judy Ley Allen Allen Investments, Houston, Texas 1992

—SAN ANTONIO BRANCH

Appointed by the Federal Reserve Bank Javier Garza Executive Vice President, The Laredo National Bank, Laredo, 1990 Texas Sam R. Sparks President, Sam R. Sparks, Inc., Progreso, Texas 1990 Jane Flato Smith Investor and Rancher, San Antonio, Texas 1991 Gregory W. Crane Chairman of the Board, President, and Chief Executive Officer, 1992 Broadway National Bank, San Antonio, Texas Appointed by the Board of Governors Vacancy 1990 Roger R. Hemminghaus Chairman of the Board and Chief Executive Officer, Diamond 1991 Shamrock R&M, Inc., San Antonio, Texas Lawrence E. Jenkins Austin, Texas 1992

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408 Federal Reserve Bulletin • May 1990

DISTRICT 12—SAN FRANCISCO Term expires Class A Dec. 31

R. Blair Hawkes President and Chief Executive Officer, Ireland Bank, Malad City, 1990 Idaho William E.B. Siart Chairman of the Board, President, and Chief Executive Officer, First 1991 Interstate Bank of California, Los Angeles, California Warren K.K. Luke President and Director, Hawaii National Bancshares, Inc., and Vice 1992 Chairman of the Board, Hawaii National Bank, Honolulu, Hawaii

Class B John N. Nordstrom Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington 1990 William L. Tooley Chairman of the Board, Tooley & Company, Investment Builders, 1991 Los Angeles, California James A. Vohs Chairman of the Board, President, and Chief Executive Officer, 1992 Kaiser Foundation Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California Class C

Cordell W. Hull Executive Vice President and Director, Bechtel Group, Inc., San 1990 Francisco, California Carolyn S. Chambers President and Chief Executive Officer, Chambers Communications 1991 Corp., Eugene, Oregon Robert F. Erburu Chairman of the Board and Chief Executive Officer, The Times 1992 Mirror Company, Los Angeles, California

—LOS ANGELES BRANCH

Appointed by the Federal Reserve Bank Ross M. Blakely Chairman of the Executive Committee of the Board, Coast Savings 1990 and Loan, Los Angeles, California David R. Lovejoy Vice Chairman of the Board, Security Pacific National Bank, 1991 Los Angeles, California Ignacio E. Lozano, Jr. Editor-in-Chief, La Opinion, Los Angeles, California 1991 Fred D. Jensen Chairman of the Board, President, and Chief Executive Officer, 1992 National Bank of Long Beach, Long Beach, California Appointed by the Board of Governors Richard C. Seaver Chairman, Hydril Company, Los Angeles, California 1990 Harry W. Todd Managing Partner, Carlisle Enterprises, L.P., Coronado, California 1991 Yvonne Brathwaite Burke Partner, Jones, Day, Reavis & Pogue, Los Angeles, California 1992

—PORTLAND BRANCH

Appointed by the Federal Reserve Bank Stephen G. Kimball President and Chief Executive Officer, Baker Boyer Bancorp, Walla 1990 Walla, Washington G. Dale Weight Chairman of the Board, President, and Chief Executive Officer, The 1990 Benjamin Franklin Savings and Loan Association, Portland, Oregon Stuart H. Compton Chairman of the Board and Chief Executive Officer, Pioneer Trust 1991 Bank, N.A., Salem, Oregon E. Kay Stepp President, Portland General Electric, Portland, Oregon 1992

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Directors of Federal Reserve Banks and Branches 409

DISTRICT 12—Continued Term expires PORTLAND BRANCH—Continued Dec. 31 Appointed by the Board of Governors Sandra A. Suran Business Consultant, Lake Oswego, Oregon 1990 William A. Hilliard Editor, The Oregonian, Portland, Oregon 1991 Wayne E. Phillips, Jr. Vice President, Phillips Ranch, Inc., Baker, Oregon 1992

—SALT LAKE CITY BRANCH

Appointed by the Federal Reserve Bank Curtis H. Eaton Vice President; Manager, Community Banking Area; and Member of 1990 the Board of Directors, First Security Bank of Idaho, N.A., Twin Falls, Idaho Virginia P. Kelson Senior Consultant, Ralston & Associates, Management and Training 1990 Consultants, Salt Lake City, Utah Gerald R. Christensen President and Chairman, First Federal Savings Bank, Salt Lake 1991 City, Utah Ronald S. Hanson President, Zions First National Bank, Salt Lake City, Utah 1992

Appointed by the Board of Governors Don M. Wheeler President, Wheeler Machinery Company, Salt Lake City, Utah 1990 D.N. Rose President and Chief Executive Officer, Mountain Fuel Supply 1991 Company, Salt Lake City, Utah Gary G. Michael Vice Chairman, Chief Financial and Corporate Development Officer, 1992 Albertson's, Inc., Boise, Idaho

—SEATTLE BRANCH

Appointed by the Federal Reserve Bank B.R. Beeksma Chairman of the Board, InterWest Savings Bank, Oak Harbor, 1990 Washington Gerry B. Cameron President and Chief Operating Officer, U.S. Bank of Washington, 1990 N.A., Seattle, Washington Robert P. Gray President, National Bank of Alaska, Anchorage, Alaska 1991 H.H. Larison President, Columbia Paint & Coatings, Spokane, Washington 1992

Appointed by the Board of Governors George F. Russell, Jr. Chairman, Frank Russell Company, Tacoma, Washington 1990 Bruce R. Kennedy Chairman and Chief Executive Officer, Alaska Air Group, Inc., 1991 Seattle, Washington Judith M. Runstad Partner, Foster Pepper and Shefelman, Seattle, Washington 1992

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Directors of Federal Reserve Banks and Branches

Regional decentralization and a combination of chosen without discrimination as to race, creed, governmental and private characteristics are im- color, sex, or national origin. portant hallmarks of the uniqueness of the Fed- Class A directors of each Reserve Bank repre- eral Reserve System. Under the Federal Reserve sent the stockholding member banks of the Fed- Act, decentralization was achieved by division of eral Reserve District. Class B and Class C direc- the country into twelve regions called Federal tors represent the public and are chosen with Reserve Districts and the establishment in each due, but not exclusive, consideration of the in- District of a separately incorporated Federal terests of agriculture, commerce, industry, ser- Reserve Bank, with its own board of directors. vices, labor, and consumers; they may not be The blending of governmental and private char- officers, directors, or employees of any bank. In acteristics is provided through ownership of the addition, Class C directors may not be stockhold- stock of the Reserve Bank by member banks in ers of any bank. The Board of Governors desig- its District who also elect the majority of the nates annually one Class C director as chairman board of directors, and by the general supervi- of the board of directors of each District Bank, sion of the Reserve Banks by the Board of and designates another Class C director as dep- Governors, an agency of the federal government. uty chairman. The Board also appoints a minority of each board Each of the twenty-five Branches of Federal of directors. Thus, there are essential elements of Reserve Banks has a board of either seven or five regional participation and counsel in the conduct directors, a majority of whom are appointed by of the System's affairs for which the Federal the parent Federal Reserve Bank; the others are Reserve relies in an important way on the con- appointed by the Board of Governors. One of the tributions of the directors of the Federal Reserve Board's appointees is designated annually as Banks and Branches. chairman of the board of that Branch in a manner The following list of directors of Federal Re- prescribed by the parent Federal Reserve Bank. serve Banks and Branches shows for each direc- The names of the chairman and deputy chair- tor the class of directorship, the principal busi- man of the board of directors of each Reserve ness affiliation, and the date the current term Bank and of the chairman of each Branch are expires. Each Federal Reserve Bank has nine published monthly in the Federal Reserve Bulle- members on its board of directors: The member tin banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. Directors are 1. The current list appears on page A86 of this Bulletin.

DISTRICT L—BOSTON Term expires Dec. 31 Class A William H. Chadwick Vice Chairman of the Board and Chief Operating Officer, Banknorth 1991 Group, Inc., Burlington, Vermont Terrence Murray Chairman of the Board, President, and Chief Executive Officer, 1992 Fleet/Norstar Financial Group, Inc., Providence, Rhode Island Norman F.C. Kent President, First National Bank of Portsmouth, Portsmouth, 1993 New Hampshire

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DISTRICT 1—Continued Term expires Class B Dec. 31

Edward H. Ladd Chairman and Chief Executive Officer, Standish, Ayer and Wood, 1991 Inc., Boston, Massachusetts Joan T. Bok Chairman of the Board, New England Electric System, 1992 Westborough, Massachusetts Stephen R. Levy Chairman of the Board and Chief Executive Officer, Bolt Beranek 1993 and Newman, Inc., Cambridge, Massachusetts Class C

Dr. Jerome H. Grossman Chairman of the Board and Chief Executive Officer, New England 1991 Medical Center, Inc., Boston, Massachusetts Richard N. Cooper Maurits C. Boas Professor of International Economics, Harvard 1992 University, Cambridge, Massachusetts Vacancy 1993

DISTRICT 2—NEW YORK Class A

John F. McGillicuddy Chairman of the Board and Chief Executive Officer, Manufacturers 1991 Hanover Trust Company, New York, New York Victor J. Riley, Jr. Chairman of the Board, President, and Chief Executive Officer, 1992 KeyCorp, Albany, New York Barbara Harding Chairman of the Board and Chief Executive Officer, Phillipsburg 1993 National Bank and Trust Company, Phillipsburg, New Jersey Class B

Richard L. Gelb Chairman of the Board and Chief Executive Officer, Bristol-Myers 1991 Squibb Company, New York, New York John A. Georges Chairman of the Board and Chief Executive Officer, 1992 International Paper, Purchase, New York Rand V. Araskog Chairman and Chief Executive Officer, ITT Corporation, New York, 1993 New York Class C

Maurice R. Greenberg Chairman and Chief Executive Officer, American International 1991 Group, Inc., New York, New York Cyrus R. Vance Presiding Partner, Simpson Thacher & Bartlett, New York, 1992 New York Ellen V. Futter President, Barnard College, New York, New York 1993

—Buffalo Branch

Appointed by the Federal Reserve Bank Richard H. Popp Operating Partner, Southview Farm, Castile, New York 1991 Robert G. Wilmers Chairman of the Board and Chief Executive Officer, Manufacturers 1991 and Traders Trust Company, Buffalo, New York Wilbur F. Beh President and Chief Executive Officer, FNB of Rochester, 1992 Rochester, New York Susan A. McLaughlin President, Eastman Savings and Loan Association, Rochester, 1993 New York

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Directors of Federal Reserve Banks and Branches 361

DISTRICT 2—Continued Term expires Buffalo Branch—Continued Dec. 31

Appointed by the Board of Governors Mary Ann Lambertsen Vice President—Human Resources and Information Systems, 1991 Fisher-Price, Division of The Quaker Oats Company, East Aurora, New York Herbert L. Washington HLW Fast Track, Inc., Rochester, New York 1992 Joseph J. Castiglia President and Chief Executive Officer, Pratt & Lambert, Inc., 1993 Buffalo, New York

DISTRICT 3—PHILADELPHIA

Class A

H. Bernard Lynch President and Chief Executive Officer, The First National Bank of 1991 Wyoming, Wyoming, Delaware Samuel A. McCullough Chairman of the Board and Chief Executive Officer, 1992 Meridian Bancorp, Inc., Reading, Pennsylvania Gary F. Simmerman President and Chief Executive Officer, United Jersey Bank/South, 1993 N.A., Cherry Hill, New Jersey

Class B Nicholas Riso Executive Vice President, AHOLD, U.S.A., Harrisburg, 1991 Pennsylvania David W. Huggins President, RMS Technologies, Inc., Marlton, New Jersey 1992 James M. Mead President, Capital Blue Cross, Harrisburg, Pennsylvania 1993

Class C

Donald J. Kennedy Business Manager, International Brotherhood of Electrical Workers, 1991 Local Union No. 269, Trenton, New Jersey Peter A. Benoliel Chairman of the Board, Quaker Chemical Corporation, 1992 Conshohocken, Pennsylvania Jane G. Pepper President, The Pennsylvania Horticultural Society, 1993 Philadelphia, Pennsylvania

DISTRICT 4—CLEVELAND

Class A William T. McConnell President, The Park National Bank, Newark, Ohio 1991 Frank Wobst Chairman of the Board and Chief Executive Officer, 1992 Huntington Bancshares Incorporated, Columbus, Ohio Alfred C. Leist President, Chairman, and Chief Executive Officer, Apple Creek 1993 Banking Company, Apple Creek, Ohio

Class B Douglas E. Olesen President and Chief Executive Officer, Battelle Memorial Institute, 1991 Columbus, Ohio Laban P. Jackson, Jr. Chairman of the Board, Clearcreek Properties, Lexington, Kentucky 1992 Verna K. Gibson Former President, The Limited Stores, Inc., Columbus, Ohio 1993

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362 Federal Reserve Bulletin • May 1991

DISTRICT 4—Continued Term expires Dec. 31 Class C John R. Miller Former President and Chief Operating Officer, The Standard Oil 1991 Company (Ohio), Cleveland, Ohio A. William Reynolds Chairman and Chief Executive Officer, GenCorp, Fairlawn, Ohio 1992 John R. Hodges President, Ohio AFL-CIO, Columbus, Ohio 1993

—Cincinnati Branch Appointed by the Federal Reserve Bank Allen L. Davis President and Chief Executive Officer, The Provident Bank, 1991 Cincinnati, Ohio Clay Parker Davis President and Chief Executive Officer, Citizens National Bank, 1992 Somerset, Kentucky Jack W. Buchanan President, Sphar & Company, Inc., Winchester, Kentucky 1993 Harry A. Shaw III Chairman and Chief Executive Officer, Huffy Corporation, 1993 Dayton, Ohio Appointed by the Board of Governors Kate Ireland National Chairman of the Board, Frontier Nursing Service, 1991 Wendover, Kentucky Eleanor Hicks Advisor for International Liaison, Protocol, and Services and 1992 Associate Professor of Political Science, University of Cincinnati, Cincinnati, Ohio Marvin Rosenberg Partner, Towne Properties, Ltd., Cincinnati, Ohio 1993

—Pittsburgh Branch Appointed by the Federal Reserve Bank E. James Trimarchi President and Chief Executive Officer, First Commonwealth 1991 Financial Corporation, Indiana, Pennsylvania William F. Roemer Chairman and Chief Executive Officer, Integra Financial 1992 Corporation, Pittsburgh, Pennsylvania George A. Davidson, Jr. Chairman of the Board and Chief Executive Officer, 1993 Consolidated Natural Gas Company, Pittsburgh, Pennsylvania I.N. Rendall Harper, Jr. President, American Micrographics Company, Inc., Monroeville, 1993 Pennsylvania Appointed by the Board of Governors Jack B. Piatt Chairman of the Board, Millcraft Industries, Inc., Washington, 1991 Pennsylvania Robert P. Bozzone President and Chief Executive Officer, Allegheny Ludlum 1992 Corporation, Pittsburgh, Pennsylvania Sandra L. Phillips Executive Director, Pittsburgh Partnership for Neighborhood 1993 Development, Pittsburgh, Pennsylvania DISTRICT 5—RICHMOND Class A

C.R. Hill, Jr. Chairman of the Board and President, Merchants & Miners National 1991 Bank, Oak Hill, West Virginia A. Pierce Stone Chairman, President, and Chief Executive Officer, 1992 Virginia Community Bank, Louisa, Virginia James G. Lindley Chairman, President, and Chief Executive Officer, 1993 South Carolina National Bank, Columbia, South Carolina

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Directors of Federal Reserve Banks and Branches 363

DISTRICT 5—Continued Term expires Dec. 31 Class B Edward H. Co veil President, The Covell Company, Easton, Maryland 1991 R.E. Atkinson, Jr. Chairman, Dilmar Oil Company, Inc., Florence, South Carolina 1992 Paul A. DelaCourt Chairman, The North Carolina Enterprise Corporation, 1993 Raleigh, North Carolina

Class C Anne Marie Whittemore Partner, McGuire, Woods, Battle & Boothe, Richmond, Virginia 1991 Henry J. Faison President, Faison Associates, Charlotte, North Carolina 1992 Stephen Brobeck Executive Director, Consumer Federation of America, 1993 Washington, D.C.

—Baltimore Branch

Appointed by the Federal Reserve Bank H. Grant Hathaway Chairman of the Board, Maryland National Bank, Baltimore, 1991 Maryland Joseph W. Mosmiller Chairman of the Board, Loyola Federal Savings and Loan 1991 Association, Baltimore, Maryland Richard M. Adams Chairman and Chief Executive Officer, United Bankshares, Inc., 1992 Parkersburg, West Virginia Daniel P. Henson III Senior Development Director, Struever Bros., Eccles & Rouse, 1993 Inc., Baltimore, Maryland

Appointed by the Board of Governors Thomas R. Shelton President, Case Foods, Inc., Salisbury, Maryland 1991 John R. Hardesty, Jr. President, Preston Energy, Inc., Kingwood, West Virginia 1992 William H. Wynn International President, United Food and Commercial Workers 1993 International Union, AFl^CIO & CLC, Washington, D.C.

—Charlotte Branch

Appointed by the Federal Reserve Bank Crandall C. Bowles President, The Springs Company, Lancaster, South Carolina 1991 L. Glenn Orr, Jr. Chairman, President, and Chief Executive Officer, Southern 1991 National Corporation, Lumberton, North Carolina David B. Jordan President, Chief Executive Officer, and Director, Omni Capital 1992 Group, Inc. and OMNIBANK, Salisbury, North Carolina Jim M. Cherry, Jr. President and Chief Executive Officer, Williamsburg First National 1993 Bank, Kingstree, South Carolina

Appointed by the Board of Governors Harold D. Kingsmore President and Chief Operating Officer, Graniteville Company, 1991 Graniteville, South Carolina Anne M. Allen President, Anne Allen & Associates, Inc., Greensboro, North 1992 Carolina William E. Masters President, Perception, Inc., Easley, South Carolina 1993

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364 Federal Reserve Bulletin • May 1991

DISTRICT 6—ATLANTA Term expires Class A Dec. 31 Virgil H. Moore, Jr. Chairman of the Board and Chief Executive Officer, First Farmers 1991 and Merchants National Bank, Columbia, Tennessee W.H. Swain Chairman of the Board, First National Bank, Oneida, Tennessee 1992 James B. Williams President and Chief Executive Officer, SunTrust Banks, Inc., 1993 Atlanta, Georgia

Class B Saundra H. Gray Co-Owner, Gemini Springs Farm, DeBary, Florida 1991 J. Thomas Holton Chairman of the Board and President, Sherman International 1992 Corporation, Birmingham, Alabama Andre M. Rubenstein Chairman of the Board and Chief Executive Officer, Rubenstein 1993 Brothers, Inc., New Orleans, Louisiana

Class C

Larry L. Prince Chairman and Chief Executive Officer, Genuine Parts Company, 1991 Atlanta, Georgia Leo Benatar Chairman of the Board and President, Engraph, Inc., 1992 Atlanta, Georgia Edwin A. Huston Senior Executive Vice President-Finance, Ryder System, Inc., 1993 Miami, Florida —Birmingham Branch

Appointed by the Federal Reserve Bank Shelton E. Allred Chairman of the Board, President, and Chief Executive Officer, 1991 Frit Industries, Inc., Ozark, Alabama William F. Childress President, First American Federal Savings and Loan Association, 1991 Huntsville, Alabama Robert M. Barrett Chairman and President, The First National Bank, Wetumpka, 1992 Alabama Julian W. Banton Chairman, President, and Chief Executive Officer, SouthTrust Bank 1993 of Alabama, N.A., Birmingham, Alabama Appointed by the Board of Governors Roy D. Terry President and Chief Executive Officer, Terry Manufacturing 1991 Company, Inc., Roanoke, Alabama Nelda P. Stephenson President, Nelda Stephenson Chevrolet, Inc., Florence, Alabama 1992 Donald E. Boomershine President, Better Business Bureau of Central Alabama, Inc., 1993 Birmingham, Alabama —Jacksonville Branch

Appointed by the Federal Reserve Bank Perry M. Dawson President and Chief Executive Officer, Suncoast Schools Federal 1991 Credit Union, Tampa, Florida Samuel H. Vickers Chairman, President, and Chief Executive Officer, 1991 Design Containers, Inc., Jacksonville, Florida Merle L. Graser Chairman and Chief Executive Officer, First National Bank 1992 of Venice, Venice, Florida Hugh H. Jones, Jr. Chairman of the Board and Chief Executive Officer, Barnett Bank 1993 of Jacksonville, N.A., Jacksonville, Florida

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Directors of Federal Reserve Banks and Branches 365

DISTRICT 6—Continued Term expires Jacksonville Branch—Continued Dec. 31 Appointed by the Board of Governors Hugh M. Brown President and Chief Executive Officer, BAMSI, Inc., 1991 Titusville, Florida Lana Jane Lewis-Brent Vice Chairman of the Board, President, and Chief Executive Officer, 1992 Sunshine Jr. Stores, Inc., Panama City, Florida Joan Dial Ruffier General Partner, Sunshine Cafes and Vice President, 1993 Vista Landscaping, Orlando, Florida

—Miami Branch Appointed by the Federal Reserve Bank Roberto G. Blanco Vice Chairman of the Board and Chief Financial Officer, Republic 1991 National Bank of Miami, Miami, Florida A. Gordon Oliver Chairman, President, and Chief Executive Officer, Citizens and 1992 Southern National Bank of Florida, Fort Lauderdale, Florida Steven C. Shimp President, O-A-K/Florida, Inc., Fort Myers, Florida 1993 Pat L. Tornillo, Jr., Executive Vice President, United Teachers of Dade, Miami, Florida 1993 Appointed by the Board of Governors Dorothy C. Weaver President, Intercap Equities, Inc., Coral Gables, Florida 1991 Jose L. Saumat President, Greater Miami Trading, Inc., Miami, Florida 1992 Michael T. Wilson President, Vinegar Bend Farms, Inc., Belle Glade, Florida 1993

—Nashville Branch Appointed by the Federal Reserve Bank William Baxter Lee III Chairman of the Board and President, Southeast Services 1991 Corporation, Knoxville, Tennessee Edwin W. Moats, Jr. Chairman of the Board and Chief Executive Officer, Metropolitan 1991 Federal Savings and Loan Association, Nashville, Tennessee James D. Harris President and Chief Executive Officer, Brentwood National Bank, 1992 Brentwood, Tennessee Williams E. Arant, Jr. President and Chief Executive Officer, First National Bank of 1993 Knoxville, Knoxville, Tennessee Appointed by the Board of Governors Shirley A. Zeitlin President, Shirley Zeitlin & Co. Realtors, Nashville, Tennessee 1991 Harold A. Black Professor and Head, Department of Finance, College of Business 1992 Administration, University of Tennessee, Knoxville, Tennessee Victoria B. Jackson President and Chief Executive Officer, Diesel Sales and Service, 1993 Inc. and Prodiesel, Inc., Nashville, Tennessee

—New Orleans Branch

Appointed by the Federal Reserve Bank Joel B. Bullard, Jr. President, Joe Bullard Automotive Companies, Mobile, Alabama 1991 Stanley S. Scott President, Crescent Distributing Company, Harahan, Louisiana 1991 Earl W. Lundy Chairman of the Board and Chief Executive Officer, First National 1992 Bank of Vicksburg, Vicksburg, Mississippi A. Hartie Spence President, Calcasieu Marine National Bank, Lake Charles, 1993 Louisiana

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366 Federal Reserve Bulletin • May 1991

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

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

DISTRICT 7—CHICAGO

Class A

John W. Gabbert President and Chief Executive Officer, First of America 1991 Bank-LaPorte, N.A., LaPorte, Indiana B.F. Backlund Chairman of the Board and Chief Executive Officer, 1992 Bartonville Bank, Bartonville, Illinois David W. Fox Chairman, President, and Chief Executive Officer, The Northern 1993 Trust Corporation and The Northern Trust Company, Chicago, Illinois Class B Max J. Nay lor President, Naylor Farms, Inc., Jefferson, Iowa 1991 Paul J. Schierl Financial Consultant, Green Bay, Wisconsin 1992 A. Charlene Sullivan Associate Professor of Management, Krannert Graduate School of 1993 Management, Purdue University, West Lafayette, Indiana

Class C Charles S. McNeer Chairman of the Board and Chief Executive Officer, 1991 Wisconsin Energy Corporation, Milwaukee, Wisconsin Richard G. Cline Chairman of the Board, President, and Chief Executive Officer, 1992 NICOR, Inc., Naperville, Illinois Robert M. Healey President, Chicago Federation of Labor and Industrial Union 1993 Council, AFL-CIO, Chicago, Illinois

—Detroit Branch

Appointed by the Federal Reserve Bank Robert J. Mylod Chairman of the Board, President, and Chief Executive Officer, 1991 Michigan National Corporation, Farmington Hills, Michigan Norman F. Rodgers President and Chief Executive Officer, Hillsdale County National 1992 Bank, Hillsdale, Michigan Charles E. Allen President and Chief Executive Officer, Graistone Realty Advisors, 1993 Inc., Detroit, Michigan William E. Odom Chairman, Ford Motor Credit Company, Dearborn, Michigan 1993

Appointed by the Board of Governors Phyllis E. Peters Director, Professional Standards Review, Deloitte & Touche, 1991 Detroit, Michigan J. Michael Moore Chairman of the Board and Chief Executive Officer, 1992 Invetech Company, Detroit, Michigan Beverly Beltaire President, P R Associates, Inc., Detroit, Michigan 1993

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Directors of Federal Reserve Banks and Branches 367

DISTRICT 8—ST. LOUIS Term expires Class A Dec. 31

Henry G. River, Jr. President and Chief Executive Officer, First National Bank in 1991 Pinckneyville, Pinckneyville, Illinois W.E. Ayres Chairman of the Board and Chief Executive Officer, Simmons First 1992 National Bank of Pine Bluff, Pine Bluff, Arkansas Ray U. Tanner Chairman of the Board and Chief Executive Officer, Jackson 1993 National Bank and Volunteer Bancshares, Inc., Jackson, Tennessee Class B Thomas F. McLarty III Chairman of the Board and Chief Executive Officer, Arkla, Inc., 1991 Little Rock, Arkansas Frank M. Mitchener, Jr. President, Mitchener Farms, Inc., Sumner, Mississippi 1992 Warren R. Lee President, W.R. Lee & Associates, Inc., Louisville, Kentucky 1993

Class C Robert H. Quenon Chairman, Peabody Holding Company, Inc., St. Louis, Missouri 1991 H. Edwin Trusheim Chairman of the Board and Chief Executive Officer, General 1992 American Life Insurance Company, St. Louis, Missouri Janet McAfee Weakley President, Janet McAfee, Inc., St. Louis, Missouri 1993

—Little Rock Branch

Appointed by the Federal Reserve Bank Barnett Grace Chairman and Chief Executive Officer, First Commercial Bank, 1991 N.A., Little Rock, Arkansas Patricia M. Townsend President, Townsend Company, Stuttgart, Arkansas 1992 James V. Kelley III Chairman, President, and Chief Executive Officer, First United 1993 Bancshares, Inc., El Dorado, Arkansas Mahlon A. Martin President, Winthrop Rockefeller Foundation, Little Rock, Arkansas 1993

Appointed by the Board of Governors James R. Rodgers Airport Manager, Little Rock Regional Airport, 1991 Little Rock, Arkansas L. Dickson Flake President, Barnes, Quinn, Flake & Anderson, Inc., 1992 Little Rock, Arkansas William E. Love President, Sound-Craft Systems, Inc., Morrilton, Arkansas 1993

-Louisville Branch

Appointed by the Federal Reserve Bank Douglas M. Lester Chairman of the Board, President, and Chief Executive Officer, 1991 Trans Financial Bancorp, Inc., Bowling Green, Kentucky Morton Boyd Chairman and Chief Executive Officer, First Kentucky National 1992 Corporation, Louisville, Kentucky Laura M. Douglas Legal Director, Metropolitan Sewer District, Louisville, Kentucky 1993 Vacancy 1993

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DISTRICT 8—Continued Term expires Louisville Branch—Continued Dec. 31

Appointed by the Board of Governors Lois H. Gray Chairman of the Board, James N. Gray Construction 1991 Company, Inc., Glasgow, Kentucky Daniel L. Ash President and Plant Manager (Retired), Rohm and Haas Kentucky 1992 Incorporated, Louisville, Kentucky John A. Williams Chairman and Chief Executive Officer, Computer Services, Inc., 1993 Paducah, Kentucky

—Memphis Branch

Appointed by the Federal Reserve Bank James L. Magee Chairman and Chief Executive Officer, Farmers Bank & Trust 1991 Company, Blytheville, Arkansas Michael J. Hennessey President, Munro & Company, Inc., Wynne, Arkansas 1992 Thomas M. Garrott President and Chief Operating Officer, National Bank of Commerce 1993 and National Commerce Bancorporation, Memphis, Tennessee Larry A. Watson Chairman of the Board and President, Liberty Federal Savings 1993 Bank, Paris, Tennessee Appointed by the Board of Governors Katherine Hinds Smythe President, Memorial Park, Inc., Memphis, Tennessee 1991 Sandra B. Sanderson- President and Chief Executive Officer, Sanderson Plumbing 1992 Chesnut Products, Inc., Columbus, Mississippi Seymour B. Johnson Owner, Kay Planting Company, Indianola, Mississippi 1993

DISTRICT 9—MINNEAPOLIS

Class A

James H. Hearon III Chairman of the Board and Chief Executive Officer, National City 1991 Bank, Minneapolis, Minnesota Rodney W. Fouberg Chairman of the Board, Farmers and Merchants Bank and Trust 1992 Co., Aberdeen, South Dakota Charles L. Seaman President and Chief Executive Officer, First State Bank of Warner, 1993 Warner, South Dakota

Class B Duane E. Dingmann President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1991 Bruce C. Adams Partner, Triple Adams Farms, Minot, North Dakota 1992 Earl R. St. John, Jr. President, St. John Forest Products, Inc., Spalding, Michigan 1993

Class C Jean D. Kinsey Professor, Consumption and Consumer Economics, Department of 1991 Agricultural and Applied Economics, University of Minnesota, St. Paul, Minnesota Gerald A. Rauenhorst Chairman of the Board and Chief Executive Officer, 1992 Opus Corporation, Minneapolis, Minnesota Delbert W. Johnson President and Chief Executive Officer, Pioneer Metal Finishing, 1993 Minneapolis, Minnesota

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Directors of Federal Reserve Banks and Branches 369

DISTRICT 9—CONTINUED Term expires —Helena Branch Dec. 31

Appointed by the Federal Reserve Bank Beverly D. Harris President, Empire Federal Savings and Loan Association, 1991 Livingston, Montana Robert T. Gerhardt Chairman, President, and Chief Executive Officer, First Interstate 1992 Bank of Montana, N.A., Kalispell, Montana Nancy M. Stephenson Executive Director, Neighborhood Housing Services, Great Falls, 1992 Montana Appointed by the Board of Governors James E. Jenks Jenks Farms, Hogeland, Montana 1991 J. Frank Gardner President, Montana Resources, Inc., Butte, Montana 1992

DISTRICT 10—KANSAS CITY Class A

Robert L. Hollis Chairman of the Board and Chief Executive Officer, First National 1991 Bank and Trust Co. of Okmulgee, Okmulgee, Oklahoma Harold L. Gerhart, Jr. Chairman and Chief Executive Officer, First National Bank, 1992 Newman Grove, Nebraska Roger L. Reisher Co-Chairman of the Board, FirstBank Holding Company of 1993 Colorado, Lakewood, Colorado Class B Frank J. Yaklich, Jr. President, CF & I Steel Corporation, Pueblo, Colorado 1991 Frank A. McPherson Chairman of the Board and Chief Executive Officer, Kerr-McGee 1992 Corporation, Oklahoma City, Oklahoma Don E. Adams Buffalo, Oklahoma 1993

Class C Burton A. Dole, Jr. Chairman of the Board and President, Puritan-Bennett Corporation, 1991 Overland Park, Kansas Fred W. Lyons, Jr. President, Marion Merrell Dow Inc., Kansas City, Missouri 1992 Thomas E. Rodriguez President and General Manager, Thomas E. Rodriguez & 1993 Associates, P.C., Aurora, Colorado

—Denver Branch Appointed by the Federal Reserve Bank Norman R. Corzine President and Chief Executive Officer, First National Bank in 1991 Albuquerque, Albuquerque, New Mexico W. Richard Scarlett III Chairman of the Board and Chief Executive Officer, Jackson State 1991 Bank, Jackson Hole, Wyoming Henry A. True III Partner, True Companies, Casper, Wyoming 1992 Peter R. Decker President, Decker & Associates, Denver, Colorado 1993 Appointed by the Board of Governors Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado 1991 Sandra K. Woods Vice President, Corporate Real Estate, Adolph Coors Company, 1992 Golden, Colorado Gilbert Sanchez President, New Mexico Highlands University, Las Vegas, 1993 New Mexico

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DISTRICT 10—CONTINUED TERM expires —Oklahoma City Branch Dec. 31

Appointed by the Federal Reserve Bank C. Kendric Fergeson Chairman of the Board and Chief Executive Officer, The National 1991 Bank of Commerce, Altus, Oklahoma W. Dean Hidy Chairman of the Board, Triad Bank, N.A., Tulsa, Oklahoma 1992 John Wm. Laisle President, MidFirst Bank, SSB, Oklahoma City, Oklahoma 1992 Appointed by the Board of Governors Ernest L. Holloway President, Langston University, Langston, Oklahoma 1991 William R. Allen President and Chief Executive Officer, Union Equity Cooperative 1992 Exchange, Enid, Oklahoma

—Omaha Branch Appointed by the Federal Reserve Bank Sheila Griffin Associate Director for Audience and Program Development, Lied 1991 Center for Performing Arts, University of Nebraska-Lincoln, Lincoln, Nebraska John T. Selzer Chairman of the Board and Chief Executive Officer, FirsTier Bank, 1991 N.A., Scottsbluff, Nebraska John R. Cochran President and Chief Executive Officer, Norwest Bank, Nebraska, 1992 N.A., Omaha, Nebraska Appointed by the Board of Governors LeRoy W. Thom President, T-L Irrigation Company, Hastings, Nebraska 1991 Herman Cain President and Chief Executive Officer, Godfather's Pizza, Inc., 1992 Omaha, Nebraska

DISTRICT 11—DALLAS Class A Charles T. Doyle Chairman of the Board and Chief Executive Officer, Gulf National 1991 Bank, Texas City, Texas Robert G. Greer Chairman of the Board, Tanglewood Bank, N.A., Houston, Texas 1992 T.C. Frost Chairman of the Board, Frost National Bank, San Antonio, Texas 1993

Class B Peyton Yates President, Yates Drilling Company, and Executive Vice President, 1991 Yates Petroleum Corporation, Artesia, New Mexico Gary E. Wood President, Texas Research League, Austin, Texas 1992 J.B. Cooper, Jr. Farmer, Roscoe, Texas 1993

Class C

Hugh G. Robinson Chairman of the Board and Chief Executive Officer, The Tetra 1991 Group, Inc., Dallas, Texas Leo E. Linbeck, Jr. Chairman of the Board and Chief Executive Officer, Linbeck 1992 Construction Corporation, Houston, Texas Henry G. Cisneros Chairman and Chief Executive Officer, Cisneros Asset Management 1993 Co., San Antonio, Texas

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Directors of Federal Reserve Banks and Branches 371

DISTRICT 11—CONTINUED TERM expires —El Paso Branch Dec. 31

Appointed by the Federal Reserve Bank Humberto F. Sambrano President, SamCorp General Contractors, El Paso, Texas 1991 Wayne Merritt President, Claydesta National Bank, Midland, Texas 1992 Ben H. Haines, Jr. President, First National Bank of Dona Ana County, Las Cruces, 1993 New Mexico Alvin T. Johnson Senior Vice President and Founder, Management Assistance 1993 Corporation of America, El Paso, Texas Appointed by the Board of Governors Donald G. Stevens Owner, Stevens Oil Company, Roswell, New Mexico 1991 W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1992 Diana S. Natalicio President, The University of Texas at El Paso, El Paso, Texas 1993

—Houston Branch

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

Appointed by the Board of Governors Gilbert D. Gaedcke, Jr. Chairman of the Board and Chief Executive Officer, Gaedcke 1991 Equipment Company, Houston, Texas Judy Ley Allen Partner and Administrator, Allen Investments, Houston, Texas 1992 Milton Carroll President, Instrument Products, Inc., Houston, Texas 1993

—San Antonio Branch

Appointed by the Federal Reserve Bank Jane Flato Smith Investor and Rancher, San Antonio, Texas 1991 Gregory W. Crane Chairman of the Board, President, and Chief Executive Officer, 1992 Broadway National Bank, San Antonio, Texas Javier Garza Executive Vice President, The Laredo National Bank, Laredo, 1993 Texas Sam R. Sparks President, Sam R. Sparks, Inc., Santa Rosa, Texas 1993

Appointed by the Board of Governors Roger R. Hemminghaus Chairman of the Board, President, and Chief Executive Officer, 1991 Diamond Shamrock, Inc., San Antonio, Texas Lawrence E. Jenkins Vice President (Retired), Lockheed Missiles and Space Company, 1992 Austin, Texas Erich Wendl President, Maverick Markets, Inc., Corpus Christi, Texas 1993

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372 Federal Reserve Bulletin • May 1991

DISTRICT 12—SAN FRANCISCO Term expires Class A Dec. 31 William E.B. Siart President, First Interstate Bancorp, Los Angeles, California 1991 Warren K.K. Luke President and Director, Hawaii National Bancshares, Inc., and Vice 1992 Chairman of the Board, Hawaii National Bank, Honolulu, Hawaii Richard L. Mount Chairman, President, and Chief Executive Officer, Saratoga 1993 Bancorp, Saratoga, California

Class B William L. Tooley Chairman, Tooley & Company, Investment Builders, Los Angeles, 1991 California E. Kay Stepp President, Portland General Electric, Portland, Oregon 1992 John N. Nordstrom Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington 1993

Class C Carolyn S. Chambers President and Chief Executive Officer, Chambers Communications 1991 Corp., Eugene, Oregon Robert F. Erburu Chairman of the Board and Chief Executive Officer, The Times 1992 Mirror Company, Los Angeles, California James A. Vohs Chairman of the Board, President, and Chief Executive Officer, 1993 Kaiser Foundation Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California —Los Angeles Branch

Appointed by the Federal Reserve Bank David R. Lovejoy Former Vice Chairman of the Board, Security Pacific National 1991 Bank, Los Angeles, California Ignacio E. Lozano, Jr. Editor-in-Chief, La Opinion, Los Angeles, California 1991 Fred D. Jensen Chairman of the Board, President, and Chief Executive Officer, 1992 National Bank of Long Beach, Long Beach, California Anita Landecker Director of California Programs, Local Initiatives Support 1993 Corporation, Los Angeles, California Appointed by the Board of Governors Harry W. Todd Managing Partner, Carlisle Enterprises, L.P., Coronado, California 1991 Yvonne Brathwaite Burke Partner, Jones, Day, Reavis & Pogue, Los Angeles, California 1992 Donald G. Phelps Chancellor, Los Angeles Community College District, Los Angeles, 1993 California

—Portland Branch

Appointed by the Federal Reserve Bank Stuart H. Compton Chairman of the Board and Chief Executive Officer, Pioneer Trust 1991 Bank, N.A., Salem, Oregon Cecil W. Drinkward President and Chief Executive Officer, Hoffman Construction 1993 Company, Portland, Oregon Stephen G. Kimball President and Chief Executive Officer, Baker Boyer Bancorp, 1993 Walla Walla, Washington

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Directors of Federal Reserve Banks and Branches 373

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

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

—Salt Lake City Branch

Appointed by the Federal Reserve Bank Gerald R. Christensen President and Chairman, First Federal Savings Bank, 1991 Salt Lake City, Utah Ronald S. Hanson President, Zions First National Bank, Salt Lake City, Utah 1992 Curtis H. Eaton Vice President; Manager, Community Banking Area; and Member of 1993 the Board of Directors, First Security Bank of Idaho, N.A., Twin Falls, Idaho Virginia P. Kelson Partner, Ralston & Associates, Salt Lake City, Utah 1993

Appointed by the Board of Governors D.N. Rose President and Chief Executive Officer, Mountain Fuel Supply 1991 Company, Salt Lake City, Utah Gary G. Michael Chairman and Chief Executive Officer, Albertson's, Inc., Boise, 1992 Idaho Constance G. Hogland Executive Director, Boise Neighborhood Housing Services, Inc., 1993 Boise, Idaho

—Seattle Branch

Appointed by the Federal Reserve Bank Robert P. Gray President, National Bank of Alaska, Anchorage, Alaska 1991 H.H. Larison President, Columbia Paint & Coatings, Spokane, Washington 1992 B.R. Beeksma Chairman of the Board, InterWest Savings Bank, Oak Harbor, 1993 Washington Gerry B. Cameron President and Chief Operating Officer, U.S. Bank of Washington, 1993 N.A., Seattle, Washington Appointed by the Board of Governors Bruce R. Kennedy Chairman, Alaska Air Group, Inc., Seattle, Washington 1991 Judith M. Runstad Managing Partner, Foster Pepper and Shefelman, Seattle, 1992 Washington George F. Russell, Jr. Chairman, President and CEO, Frank Russell Company, Tacoma, 1993 Washington

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386

Directors of Federal Reserve Banks and Branches

Regional decentralization and a combination of chosen without discrimination as to race, creed, governmental and private characteristics are im- color, sex, or national origin. portant hallmarks of the uniqueness of the Fed- Class A directors of each Reserve Bank repre- eral Reserve System. Under the Federal Reserve sent the stockholding member banks of the Fed- Act, decentralization was achieved by division of eral Reserve District. Class B and Class C direc- the country into twelve regions called Federal tors represent the public and are chosen with Reserve Districts, and the establishment in each due, but not exclusive, consideration to the in- District of a separately incorporated Federal terests of agriculture, commerce, industry, ser- Reserve Bank with its own board of directors. vices, labor, and consumers; they may not be The blending of governmental and private char- officers, directors, or employees of any bank. In acteristics is provided through ownership of the addition, Class C directors may not be stockhold- stock of the Reserve Bank by member banks in ers of any bank. The Board of Governors desig- its District, who also elect the majority of the nates annually one Class C director as chairman board of directors, and by the general supervi- of the board of directors of each District Bank, sion of the Reserve Banks by the Board of and designates another Class C director as dep- Governors, an agency of the federal government. uty chairman. The Board also appoints a minority of each board Each of the twenty-five Branches of Federal of directors. Thus, there are essential elements of Reserve Banks has a board of either seven or five regional participation and counsel in the conduct directors, a majority of whom are appointed by of the System's affairs for which the Federal the parent Federal Reserve Bank; the others are Reserve relies in an important way on the con- appointed by the Board of Governors. One of the tributions of the directors of the Federal Reserve Board's appointees is designated annually as Banks and Branches. chairman of the board of that Branch in a manner The following list of directors of Federal Re- prescribed by the parent Federal Reserve Bank. serve Banks and Branches shows for each direc- The names of the chairman and deputy chair- tor the class of directorship, the principal busi- man of the board of directors of each Reserve ness affiliation, and the date the current term Bank and of the chairman of each Branch are expires. Each Federal Reserve Bank has nine published monthly in the Federal Reserve Bulle- members on its board of directors: the member tinJ banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in Class C. Directors are 1. The current list appears on page A90 of this Bulletin.

DISTRICT 1—BOSTON Term expires Class A Dec. 31

Terrence Murray Chairman of the Board, President, and Chief Executive Officer, 1992 Fleet/Norstar Financial Group, Inc., Providence, Rhode Island Vacancy 1993 Robert M. Silva President, Chief Executive Officer, and Director, The Citizens 1994 National Bank, Putnam, Connecticut

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387

DISTRICT 1—Continued Term expires Class B Dec. 31

Joan T. Bok Chairman of the Board, New England Electric System, 1992 Westborough, Massachusetts Stephen R. Levy Chairman of the Board and Chief Executive Officer, Bolt Beranek 1993 and Newman, Inc., Cambridge, Massachusetts Edward H. Ladd Chairman and Chief Executive Officer, Standish, Ayer and 1994 Wood, Inc., Boston, Massachusetts Class C 1992 Richard N. Cooper Maurits C. Boas Professor of International Economics, Harvard University, Cambridge, Massachusetts John E. Flynn Executive Director, The Quality Connection, East Dennis, 1993 Massachusetts Jerome H. Grossman Chairman of the Board and Chief Executive Officer, New England 1994 Medical Center, Inc., Boston, Massachusetts

DISTRICT 2—NEW YORK

Class A Victor J. Riley, Jr. Chairman of the Board, President, and Chief Executive Officer, 1992 KeyCorp, Albany, New York Barbara Harding Chairman of the Board and Chief Executive Officer, Phillipsburg 1993 National Bank and Trust Company, Phillipsburg, New Jersey Chairman and Chief Executive Officer, The Chase Manhattan Bank, Thomas G. Labrecque 1994 N.A., New York, New York Class B

John A. Georges Chairman of the Board and Chief Executive Officer, International 1992 Paper, Purchase, New York Rand V. Araskog Chairman, President, and Chief Executive Officer, ITT Corporation, 1993 New York, New York Chairman and Chief Executive Officer, AT&T, New York, New 1994 Robert E. Allen York

Class C Cyrus R. Vance Presiding Partner, Simpson Thacher & Bartlett, New York, New York 1992 Ellen V. Futter President, Barnard College, New York, New York 1993 Maurice R. Greenberg Chairman and Chief Executive Officer, American International 1994 Group, Inc., New York, New York

-Buffalo Branch

Appointed by the Federal Reserve Bank Wilbur F. Beh President, Atlanta National Bank, Atlanta, New York 1992 Susan A. McLaughlin General Credit Manager, Eastman Kodak Company, Rochester, 1993 New York Charles M. Mitschow Senior Executive Vice President, Regional Banking, Marine Midland 1994 Bank, N.A., Buffalo, New York Richard H. Popp Operating Partner, Southview Farm, Castile, New York 1994

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388 Federal Reserve Bulletin • May 1992

DISTRICT 2—Continued TERM expires Buffalo Branch—Continued Dec• 31

Appointed by the Board of Governors Herbert L. Washington HLW Fast Track, Inc., Rochester, New York 1992 Joseph J. Castiglia President and Chief Executive Officer, Pratt & Lambert, Inc., 1993 Buffalo, New York Donald L. Rust Plant Manager, General Motors Powertrain Division, Tonawanda 1994 Engine Plant, Buffalo, New York

DISTRICT 3—PHILADELPHIA

Class A Samuel A. McCullough Chairman of the Board and Chief Executive Officer, Meridian 1992 Bancorp, Inc., Reading, Pennsylvania Gary F. Simmerman President and Chief Executive Officer, United Jersey Bank/South, 1993 N.A., Cherry Hill, New Jersey H. Bernard Lynch President and Chief Executive Officer, The First National Bank of 1994 Wyoming, Wyoming, Delaware

Class B David W. Huggins President, RMS Technologies, Inc., Marlton, New Jersey 1992 James M. Mead President, Capital Blue Cross, Harrisburg, Pennsylvania 1993 James A. Hagen Chairman, President, and Chief Executive Officer, Consolidated Rail 1994 Corporation, Philadelphia, Pennsylvania

Class C Peter A. Benoliel Chairman of the Board, Quaker Chemical Corporation, 1992 Conshohocken, Pennsylvania Jane G. Pepper President, The Pennsylvania Horticultural Society, Philadelphia, 1993 Pennsylvania Donald J. Kennedy Business Manager, International Brotherhood of Electrical Workers, 1994 Local Union No. 269, Trenton, New Jersey

DISTRICT 4—CLEVELAND

Class A Frank Wobst Chairman of the Board and Chief Executive Officer, Huntington 1992 Bancshares Incorporated, Columbus, Ohio Alfred C. Leist Chairman, President, and Chief Executive Officer, Apple Creek 1993 Banking Company, Apple Creek, Ohio William T. McConnell President, The Park National Bank, Newark, Ohio 1994

Class B Laban P. Jackson, Jr. Chairman of the Board, Clearcreek Properties, Lexington, Kentucky 1992 Verna K. Gibson Business Consultant, Columbus, Ohio 1993 Douglas E. Olesen President and Chief Executive Officer, Battelle Memorial Institute, 1994 Columbus, Ohio

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Directors of Federal Reserve Banks and Branches 389

DISTRICT 4—Continued Term expires Class C Dec. 31 A. William Reynolds Chairman and Chief Executive Officer, GenCorp, Fairlawn, Ohio 1992 John R. Hodges President, Ohio AFL-CIO, Columbus, Ohio 1993 John R. Miller Former President and Chief Operating Officer, 1994 The Standard Oil Company (Ohio), Cleveland, Ohio —Cincinnati Branch

Appointed by the Federal Reserve Bank Clay Parker Davis President and Chief Executive Officer, Citizens National Bank, 1992 Somerset, Kentucky Jack W. Buchanan President, Sphar & Company, Inc., Winchester, Kentucky 1993 Harry A. Shaw, III Chairman and Chief Executive Officer, Huffy Corporation, 1993 Dayton, Ohio Marvin J. Stammen President and Chief Executive Officer, Second National Bank, 1994 Greenville, Ohio Appointed by the Board of Governors Eleanor Hicks Advisor for International Liaison Protocol and Services, and 1992 Associate Professor of Political Science, University of Cincinnati, Cincinnati, Ohio Marvin Rosenberg Partner, Towne Properties, Ltd., Cincinnati, Ohio 1993 Raymond A. Bradbury Chairman, Martin County Coal Corporation, Inez, Kentucky 1994

—Pittsburgh Branch

Appointed by the Federal Reserve Bank William F. Roemer Chairman and Chief Executive Officer, Integra Financial 1992 Corporation, Pittsburgh, Pennsylvania George A. Davidson, Jr. Chairman and Chief Executive Officer, Consolidated Natural Gas 1993 Company, Pittsburgh, Pennsylvania I.N. Rendall Harper, Jr. President, American Micrographics Company, Inc., Monroeville, 1993 Pennsylvania David S. Dahlmann President and Chief Executive Officer, Southwest National 1994 Corporation, Greensburg, Pennsylvania Appointed by the Board of Governors Robert P. Bozzone President and Chief Executive Officer, Allegheny Ludlum 1992 Corporation, Pittsburgh, Pennsylvania Sandra L. Phillips Executive Director, Pittsburgh Partnership for Neighborhood 1993 Development, Pittsburgh, Pennsylvania Jack B. Piatt Chairman of the Board, Millcraft Industries, Inc., Washington, 1994 Pennsylvania

DISTRICT 5—RICHMOND

Class A A. Pierce Stone Chairman, President, and Chief Executive Officer, Virginia 1992 Community Bank, Louisa, Virginia James G. Lindley Chairman, President, and Chief Executive Officer, South Carolina 1993 National Bank, Columbia, South Carolina Webb C. Hayes IV President, The Palmer National Bank, Washington, D.C. 1994

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390 Federal Reserve Bulletin • May 1992

DISTRICT 5—Continued Term expires Class B Dec. 31

R. E. Atkinson, Jr. Chairman, Dilmar Oil Company, Inc., Florence, South Carolina 1992 Paul A. DelaCourt Chairman, The North Carolina Enterprise Corporation, Raleigh, 1993 North Carolina L. Newton Thomas, Jr. Retired Senior Vice President, ITT/Carbon Industries, Inc., 1994 Charleston, West Virginia

Class C Henry J. Faison President, Faison Associates, Charlotte, North Carolina 1992 Stephen Brobeck Executive Director, Consumer Federation of America, Washington, 1993 D.C. Anne Marie Whittemore Partner, McGuire, Woods, Battle & Boothe, Richmond, Virginia 1994

—Baltimore Branch

Appointed by the Federal Reserve Bank Richard M. Adams Chairman and Chief Executive Officer, United Bankshares, Inc., 1992 Parkersburg, West Virginia Daniel P. Henson III Senior Development Director, Struever Bros., Eccles & Rouse, 1993 Inc., Baltimore, Maryland Admiral Thomas J. President, Navy Federal Credit Union, Vienna, Virginia 1994 Hughes F. Levi Ruark Chairman of the Board and President, The National Bank of 1994 Cambridge, Cambridge, Maryland

Appointed by the Board of Governors John R. Hardesty, Jr. President, Preston Energy, Inc., Kingwood, West Virginia 1992 Michael R. Watson President, Association of Maryland Pilots, Annapolis, Maryland 1993 Rebecca Hahn Windsor Chairman and Chief Executive Officer, Hahn Transportation, Inc., 1994 New Market, Maryland

—Charlotte Branch

Appointed by the Federal Reserve Bank David B. Jordan President, Chief Executive Officer, and Director, Omni Capital 1992 Group, Inc. and OMNIBANK, Salisbury, North Carolina Jim M. Cherry, Jr. President and Chief Executive Officer, Williamsburg First National 1993 Bank, Kingstree, South Carolina Vacancy 1994 L. Glenn Orr, Jr. Chairman, President, and Chief Executive Officer, Southern 1994 National Corporation, Lumberton, North Carolina

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

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Directors of Federal Reserve Banks and Branches 391

DISTRICT 6—ATLANTA Term expires Class A Dec. 31 W. H. Swain Chairman of the Board, First National Bank, Oneida, Tennessee 1992 James B. Williams Chairman and Chief Executive Officer, SunTrust Banks, Inc., 1993 Atlanta, Georgia Simpson Russell Chairman and Chief Executive Officer, The First National Bank of 1994 Florence, Florence, Alabama Class B J. Thomas Holton Chairman of the Board and President, Sherman International 1992 Corporation, Birmingham, Alabama Andre M. Rubenstein Chairman of the Board and Chief Executive Officer, Rubenstein 1993 Brothers, Inc., New Orleans, Louisiana Saundra H. Gray Co-Owner, Gemini Springs Farm, DeBary, Florida 1994

Class C Leo Benatar Chairman of the Board and President, Engraph, Inc., Atlanta, 1992 Georgia Edwin A. Huston Senior Executive Vice President-Finance, Ryder System, Inc., 1993 Miami, Florida Hugh M. Brown President and Chief Executive Officer, BAMSI, Inc., Titusville, 1994 Florida —Birmingham Branch

Appointed by the Federal Reserve Bank Robert M. Barrett Chairman and President, The First National Bank of Wetumpka, 1992 Wetumpka, Alabama Julian W. Banton Chairman, President, and Chief Executive Officer, SouthTrust Bank 1993 of Alabama, N.A., Birmingham, Alabama Marlin D. Moore, Jr. Chairman, Pritchett-Moore, Inc., Tuscaloosa, Alabama 1994 Columbus Sanders President, Consolidated Industries, Inc., Huntsville, Alabama 1994

Appointed by the Board of Governors Nelda P. Stephenson President, Nelda Stephenson Chevrolet, Inc., Florence, Alabama 1992 Donald E. Boomershine President, Better Business Bureau of Central Alabama, Inc., 1993 Birmingham, Alabama Shelton E. Allred Chairman of the Board, President, and Chief Executive Officer, 1994 Frit Incorporated, Ozark, Alabama

—Jacksonville Branch

Appointed by the Federal Reserve Bank Merle L. Graser Chairman and Chief Executive Officer, First National Bank of 1992 Venice, Venice, Florida Hugh H. Jones, Jr. Chairman of the Board and Chief Executive Officer, Barnett Bank of 1993 Jacksonville, N.A., Jacksonville, Florida Perry M. Dawson President and Chief Executive Officer, Suncoast Schools Federal 1994 Credit Union, Tampa, Florida Arnold A. Heggestad William H. Dial Professor and Director, College of Business 1994 Administration, University of Florida, Gainesville, Florida

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392 Federal Reserve Bulletin • May 1992

DISTRICT 6—Continued Term expires Jacksonville Branch—Continued Dec. 31

Appointed by the Board of Governors Lana Jane Lewis-Brent Vice Chairman of the Board, President, and Chief Executive Officer, 1992 Paul Brent Designer, Inc., Panama City, Florida Joan Dial Ruffier General Partner, Sunshine Cafes and Vice President, Vista 1993 Landscaping, Orlando, Florida Samuel H. Vickers Chairman, President, and Chief Executive Officer, Design 1994 Containers, Inc., Jacksonville, Florida

—Miami Branch

Appointed by the Federal Reserve Bank E. Anthony Newton President, Island National Bank of Palm Beach, Palm Beach, 1992 Florida Steven C. Shimp President, O-A-K/Florida, Inc., Fort Myers, Florida 1993 Pat L. Tornillo, Jr. Executive Vice President, United Teachers of Dade, Miami, Florida 1993 Roberto G. Blanco Vice Chairman and Chief Financial Officer, Republic National Bank 1994 of Miami, Miami, Florida

Appointed by the Board of Governors R. Kirk Landon Chairman and Chief Executive Officer, American Bankers Insurance 1992 Group, Miami, Florida Michael T. Wilson President, Vinegar Bend Farms, Inc., Belle Glade, Florida 1993 Dorothy C. Weaver President, Intercap Investments, Inc., Coral Gables, Florida 1994

—Nashville Branch

Appointed by the Federal Reserve Bank James D. Harris President and Chief Executive Officer, Brentwood National Bank, 1992 Brentwood, Tennessee Williams E. Arant, Jr. President and Chief Executive Officer, First National Bank of 1993 Knoxville, Knoxville, Tennessee William Baxter Lee III Chairman and President, Southeast Services Corporation, Knoxville, 1994 Tennessee Marguerite W. Sallee President and Chief Executive Officer, Corporate Child Care 1994 Management Services, Nashville, Tennessee

Appointed by the Board of Governors Harold A. Black Professor and Head, Department of Finance, College of Business 1992 Administration, University of Tennessee, Knoxville, Tennessee Victoria B. Jackson President and Chief Executive Officer, DSS/Prodiesel, Inc., 1993 Nashville, Tennessee James R. Tuerflf President and Chief Executive Officer, American General Life and 1994 Accident Insurance Company, Nashville, Tennessee

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Directors of Federal Reserve Banks and Branches 393

DISTRICT 6—Continued Term expires —New Orleans Branch Dec. 31 Appointed by the Federal Reserve Bank Earl W. Lundy Chairman of the Board and Chief Executive Officer, First National 1992 Bank of Vicksburg, Vicksburg, Mississippi A. Hartie Spence President, Calcasieu Marine National Bank, Lake Charles, Louisiana 1993 Joel B. Bullard, Jr. President, Joe Bullard Automotive Companies, Mobile, Alabama 1994 Kay L. Nelson Managing Director, Nelson Capital Corporation, New Orleans, 1994 Louisiana Appointed by the Board of Governors Lucimarian Tolliver President, Mississippi Coast Coliseum Commission, Pass Christian, 1992 Roberts Mississippi Victor Bussie President, Louisiana AFL-CIO, Baton Rouge, Louisiana 1993 Jo Ann Slaydon President, Slaydon Consultants, Baton Rouge, Louisiana 1994

DISTRICT 7—CHICAGO

Class A Chairman of the Board and Chief Executive Officer, Bartonville 1992 B.F. Backlund Bank, Peoria, Illinois Chairman, President, and Chief Executive Officer, The Northern Trust 1993 David W. Fox Corporation and The Northern Trust Company, Chicago, Illinois Chairman of the Board, President, and Chief Executive Officer, First 1994 Stefan S. Anderson Merchants Corporation and First Merchants Bank, Muncie, Indiana Class B Paul J. Schierl Financial Consultant, Green Bay, Wisconsin 1992 A. Charlene Sullivan Associate Professor of Management, Krannert Graduate School of 1993 Management, Purdue University, West Lafayette, Indiana Thomas C. Dorr President and Chief Executive Officer, Dorr's Pine Grove Farm Co., 1994 Marcus, Iowa Class C Richard G. Cline Chairman of the Board, President, and Chief Executive Officer, 1992 NICOR, Inc., Naperville, Illinois Robert M. Healey President, Chicago Federation of Labor and Industrial Union 1993 Council, AFL-CIO, Chicago, Illinois Duane L. Burnham Chairman and Chief Executive Officer, Abbott Laboratories, 1994 Abbott Park, Illinois

—Detroit Branch

Appointed by the Federal Reserve Bank Norman F. Rodgers President and Chief Executive Officer, Hillsdale County National 1992 Bank, Hillsdale, Michigan Charles E. Allen President and Chief Executive Officer, Graistone Realty Advisors, 1993 Inc., Detroit, Michigan William E. Odom Chairman, Ford Motor Credit Company, Dearborn, Michigan 1993 Daniel R. Smith Chairman and Chief Executive Officer, First of America Bank 1994 Corporation, Kalamazoo, Michigan

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394 Federal Reserve Bulletin • May 1992

DISTRICT 7— Continued Term expires —Detroit Branch—Continued Dec. 31

Appointed by the Board of Governors J. Michael Moore Chairman of the Board and Chief Executive Officer, Invetech 1992 Company, Detroit, Michigan Beverly A. Beltaire President, P R Associates, Inc., Detroit, Michigan 1993 John D. Forsyth Executive Director, University of Michigan Hospitals, Ann Arbor, 1994 Michigan

DISTRICT 8—ST. LOUIS

Class A W.E. Ayres Chairman of the Board, Simmons First National Bank of Pine Bluff, 1992 Pine Bluff, Arkansas Ray U. Tanner Chairman, Director, and Chief Executive Officer, Jackson National 1993 Bank, Jackson, Tennessee Henry G. River, Jr. President, First National Bank in Pinckneyville, Pinckneyville, Illinois 1994

Class B Frank M. Mitchener, Jr. President, Mitchener Farms, Inc., Sumner, Mississippi 1992 Warren R. Lee President, W. R. Lee & Associates, Inc., Louisville, Kentucky 1993 Sandra B. Sanderson- President and Chief Executive Officer, Sanderson Plumbing 1994 Chesnut Products, Inc., Columbus, Mississippi

Class C H. Edwin Trusheim Chairman and Chief Executive Officer, General American Life 1992 Insurance Company, St. Louis, Missouri Janet McAfee Weakley President, Janet McAfee, Inc., St. Louis, Missouri 1993 Robert H. Quenon Mining Consultant, St. Louis, Missouri 1994

—Little Rock Branch

Appointed by the Federal Reserve Bank Patricia M. Townsend President, Townsend Company, Stuttgart, Arkansas 1992 James V. Kelley Chairman, President, and Chief Executive Officer, First United 1993 Bancshares, Inc., El Dorado, Arkansas Mahlon A. Martin President, Winthrop Rockefeller Foundation, Little Rock, Arkansas 1993 Barnett Grace Chairman and Chief Executive Officer, First Commercial Bank, 1994 N.A., Little Rock, Arkansas Appointed by the Board of Governors James R. Rodgers Airport Manager, Little Rock Regional Airport, Little Rock, Arkansas 1992 L. Dickson Flake President, Barnes, Quinn, Flake & Anderson, Inc., Little Rock, 1993 Arkansas Robert Daniel Nabholz, Jr. Chief Executive Officer, Nabholz Construction Corporation, 1994 Conway, Arkansas

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Directors of Federal Reserve Banks and Branches 395

DISTRICT 8—Continued Term expires —Louisville Branch ^ec• Appointed by the Federal Reserve Bank Morton Boyd Chairman and Chief Executive Officer, First Kentucky National 1992 Corporation, Louisville, Kentucky Robert M. Hall Owner, Mike Hall Farm, Seymour, Indiana 1993 Charles D. Storms President and Chief Executive Officer, Red Spot Paint and Varnish 1993 Company, Inc., Evansville, Indiana Douglas M. Lester Chairman, President, and Chief Executive Officer, Trans Financial 1994 Bancorp, Inc., Bowling Green, Kentucky Appointed by the Board of Governors Daniel L. Ash Managing Director, Louisville Energy and Environment 1992 Corporation, Louisville, Kentucky John A. Williams Chairman and Chief Executive Officer, Computer Services, Inc., 1993 Paducah, Kentucky Laura M. Douglas Legal Director, Metropolitan Sewer District, Louisville, Kentucky 1994

—Memphis Branch

Appointed by the Federal Reserve Bank Michael J. Hennessey President, Munro & Company, Inc., Wynne, Arkansas 1992 Thomas M. Garrott President and Chief Operating Officer, National Bank of Commerce 1993 and National Commerce Bancorporation, Memphis, Tennessee Larry A. Watson Chairman of the Board and President, Liberty Federal Savings 1993 Bank, Paris, Tennessee Lewis F. Mallory, Jr. President and Chief Executive Officer, National Bank of Commerce 1994 of Mississippi, Starkville, Mississippi Appointed by the Board of Governors M. Rita Schroeder President, St. Francis Hospital, Memphis, Tennessee 1992 Seymour B. Johnson Owner, Kay Planting Company, Indianola, Mississippi 1993 A.C. Wharton, Jr. Partner, Wharton & Wharton & Associates, Memphis, Tennessee 1994

DISTRICT 9—MINNEAPOLIS

Class A Rodney W. Fouberg Chairman of the Board, Farmers and Merchants Bank and Trust 1992 Co., Aberdeen, South Dakota Charles L. Seaman President and Chief Executive Officer, First State Bank of Warner, 1993 Warner, South Dakota William W. Strausburg Chairman and Chief Executive Officer, First Bank Montana, N.A., 1994 and General Manager, First Bank-Regional Banking Group, Billings, Montana Class B Bruce C. Adams Partner, Triple Adams Farms, Minot, North Dakota 1992 Earl R. St. John, Jr. President, St. John Forest Products, Inc., Spalding, Michigan 1993 Duane E. Dingmann President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1994

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396 Federal Reserve Bulletin • May 1992

DISTRICT 9—Continued Term expires Class C Dec. 31 Gerald A. Rauenhorst Chairman of the Board and Chief Executive Officer, Opus 1992 Corporation, Minneapolis, Minnesota Delbert W. Johnson President and Chief Executive Officer, Pioneer Metal Finishing, 1993 Minneapolis, Minnesota Jean D. Kinsey Professor, Consumption and Consumer Economics, Department of 1994 Agricultural and Applied Economics, University of Minnesota, St. Paul, Minnesota —Helena Branch

Appointed by the Federal Reserve Bank Donald E. Olsson, Jr. Executive Vice President, Ronan State Bank, Ronan, Montana 1992 Nancy M. Stephenson Executive Director, Neighborhood Housing Services, Great Falls, 1992 Montana Beverly D. Harris President, Empire Federal Savings and Loan Association, 1993 Livingston, Montana Appointed by the Board of Governors J. Frank Gardner President, Montana Resources, Inc., $utte, Montana 1992 James E. Jenks Jenks Farms, Hogeland, Montana 1993

DISTRICT 10—KANSAS CITY

Class A Harold L. Gerhart, Jr. Chairman and Chief Executive Officer, First National Bank, 1992 Newman Grove, Nebraska Roger L. Reisher Co-Chairman of the Board, FirstBank Holding Company of 1993 Colorado, Lake wood, Colorado Charles I. Moyer Chairman and Chief Executive Officer, The First National Bank of 1994 Phillipsburg, Phillipsburg, Kansas

Class B Frank A. McPherson Chairman of the Board and Chief Executive Officer, Kerr-McGee 1992 Corporation, Oklahoma City, Oklahoma Don E. Adams Buffalo, Oklahoma 1993 Frank J. Yaklich, Jr. President and Chief Executive Officer, CF & I Steel Corporation, 1994 Pueblo, Colorado

Class C Herman Cain President and Chief Executive Officer, Godfather's Pizza, Inc., 1992 Omaha, Nebraska Thomas E. Rodriguez President and General Manager, Thomas E. Rodriguez & 1993 Associates, P.C., Aurora, Colorado Burton A. Dole, Jr. Chairman of the Board and President, Puritan-Bennett Corporation, 1994 Overland Park, Kansas

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Directors of Federal Reserve Banks and Branches 397

DISTRICT 10—Continued Term expires Dec. 31 —Denver Branch

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

Appointed by the Board of Governors Sandra K. Woods Vice President, Corporate Real Estate, Adolph Coors Company, 1992 Golden, Colorado Gilbert Sanchez President, New Mexico Highlands University, Las Vegas, 1993 New Mexico Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado 1994

—Oklahoma City Branch

Appointed by the Federal Reserve Bank Gordona Duca President and Owner, Gordona Duca, Inc., Tulsa, Oklahoma 1992 John Wm. Laisle President and Chief Executive Officer, MidFirst Bank, SSB, 1992 Oklahoma City, Oklahoma C. Kendric Fergeson Chairman of the Board and Chief Executive Officer, The National 1993 Bank of Commerce, Altus, Oklahoma

Appointed by the Board of Governors William R. Allen, Jr. President and Chief Executive Officer, Union Equity Co-Operative 1992 Exchange, Enid, Oklahoma Ernest L. Holloway President, Langston University, Langston, Oklahoma 1993

—Omaha Branch

Appointed by the Federal Reserve Bank John R. Cochran President and Chief Executive Officer, Norwest Bank Nebraska, 1992 N.A., Omaha, Nebraska Donald A. Leu President and Chief Executive Officer, Consumer Credit Counseling 1993 Service, Omaha, Nebraska Thomas H. Olson President and Chief Executive Officer, First National Bank, Sidney, 1993 Nebraska

Appointed by the Board of Governors Sheila Griffin Special Advisor to the Governor for International Trade, Lincoln, 1992 Nebraska LeRoy W. Thorn President, T-L Irrigation Company, Hastings, Nebraska 1993

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398 Federal Reserve Bulletin • May 1992

DISTRICT 11—DALLAS Term expires Dec. 31 Class A Robert G. Greer Chairman of the Board, Tanglewood Bank, N.A., Houston, Texas 1992 T.C. Frost Chairman of the Board, Frost National Bank, San Antonio, Texas 1993 Eugene M. Phillips Chairman of the Board and President, The First National Bank of 1994 Panhandle, Panhandle, Texas Class B Gary E. Wood President, Texas Research League, Austin, Texas 1992 J.B. Cooper, Jr. Farmer, Roscoe, Texas 1993 Peyton Yates President, Yates Drilling Company, and Executive Vice President, 1994 Yates Petroleum Corporation, Artesia, New Mexico Class C Leo E. Linbeck, Jr. Chairman of the Board and Chief Executive Officer, Linbeck 1992 Construction Corporation, Houston, Texas Henry G. Cisneros Chairman and Chief Executive Officer, Cisneros Asset Management 1993 Co., San Antonio, Texas Cece Smith General Partner, Phillips-Smith Specialty Retail Group, Dallas, Texas 1994

—El Paso Branch

Appointed by the Federal Reserve Bank Wayne Merritt Chairman and President, Texas National Bank, Midland, Texas 1992 Veronica K. Callaghan Vice President and Principal, KASCO Ventures, Inc., El Paso, Texas 1993 Ben H. Haines, Jr. President and Chief Operating Officer, First National Bank of Dona 1993 Ana County, Las Cruces, New Mexico Hugo Bustamante, Jr. Owner and Chief Executive Officer, CarLube Inc. dba ProntoLube, 1994 El Paso, Texas Appointed by the Board of Governors W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1992 Diana S. Natalicio President, The University of Texas at El Paso, El Paso, Texas 1993 Alvin T. Johnson Senior Vice President, Management Assistance Corporation of 1994 America, El Paso, Texas

—Houston Branch

Appointed by the Federal Reserve Bank Jenard M. Gross President, Gross Builders, Inc., Houston, Texas 1992 Walter E. Johnson President and Chief Executive Officer, Southwest Bank of Texas, 1993 Houston, Texas Clive Runnells President and Director, Runnells Cattle Company, Bay City, Texas 1993 Tieman H. Dippel, Jr. Chairman of the Board and President, Brenham Bancshares, Inc., 1994 Brenham, Texas

Appointed by the Board of Governors Judy Ley Allen Partner and Administrator, Allen Investments, Houston, Texas 1992 Milton Carroll Chairman and Chief Executive Officer, Instrument Products, Inc., 1993 Houston, Texas Isaac H. Kempner III Chairman of the Board, Imperial Holly Corporation, Sugar Land, 1994 Texas

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Directors of Federal Reserve Banks and Branches 399

DISTRICT 11—Continued Term expires —San Antonio Branch Dec. 31 Appointed by the Federal Reserve Bank Gregory W. Crane Chairman of the Board, President, and Chief Executive Officer, 1992 Broadway National Bank, San Antonio, Texas Javier Garza Executive Vice President, The Laredo National Bank, Laredo, Texas 1993 Sam R. Sparks President, Sam R. Sparks, Inc., Santa Rosa, Texas 1993 T. Jack Moore III Owner and Manager, T.J. Moore Lumber Inc., Ingram, Texas 1994 Appointed by the Board of Governors Lawrence E. Jenkins Vice President (Retired), Lockheed Missiles and Space Company, 1992 Austin, Texas Erich Wendl President and Chief Executive Officer, Maverick Markets, Inc., 1993 Corpus Christi, Texas Roger R. Hemminghaus Chairman, President, and Chief Executive Officer, Diamond 1994 Shamrock, Inc., San Antonio, Texas DISTRICT 12—SAN FRANCISCO

Class A Warren K.K. Luke President and Director, Hawaii National Bancshares, Inc., and Vice 1992 Chairman of the Board and Chief Executive Officer, Hawaii National Bank, Honolulu, Hawaii Richard L. Mount Chairman, President, and Chief Executive Officer, Saratoga 1993 Bancorp, Saratoga, California William E.B. Siart President, First Interstate Bancorp, Los Angeles, California 1994

Class B E. Kay Stepp President and Chief Operating Officer, Portland General Electric, 1992 Portland, Oregon John N. Nordstrom Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington 1993 William L. Tooley Chairman, Tooley & Company, Investment Builders, Los Angeles, 1994 California Class C Robert F. Erburu Chairman of the Board and Chief Executive Officer, The Times 1992 Mirror Company, Los Angeles, California Chairman and Chief Executive Officer (Retired), Kaiser Foundation 1993 James A. Vohs Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California Co-Managing Partner, Foster Pepper and Shefelman, Seattle, 1994 Judith M. Runstad Washington —Los Angeles Branch Appointed by the Federal Reserve Bank Fred D. Jensen Vice Chairman, Aktiv Bank Holding Company, Long Beach, 1992 California Anita Landecker Regional Vice President, Local Initiatives Support Corporation, 1993 Los Angeles, California William S. Randall Chief Executive Officer, Southwest Region, First Interstate Bank, 1994 Phoenix, Arizona Ignacio E. Lozano, Jr. Editor-in-Chief, La Opinion, Los Angeles, California 1994

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400 Federal Reserve Bulletin • May 1992

DISTRICT 12—Continued TERM expires Los Angeles Branch—Continued Dec• 31

Appointed by the Board of Governors Vacancy 1992 Donald G. Phelps Chancellor, Los Angeles Community College District, Los Angeles, 1993 California Walfred J. Fassler Regional Vice President, Chevron U.S.A. Inc., Los Angeles, 1994 California

—Portland Branch

Appointed by the Federal Reserve Bank Elizabeth K. Johnson President, TransWestern Helicopters, Inc., Scappoose Industrial 1992 Airpark, Scappoose, Oregon Cecil W. Drinkward President, Hoffman Construction Company, Portland, Oregon 1993 Stephen G. Kimball Chairman, President, and Chief Executive Officer, Baker Boyer 1993 Bancorp, Walla Walla, Washington Stuart H. Compton Chairman, Pioneer Trust Bank, N.A., Salem, Oregon 1994

Appointed by the Board of Governors Wayne E. Phillips, Jr. Vice President, Phillips Ranch, Inc., Baker, Oregon 1992 Ross R. Runkel Professor of Law and Director, Willamette University Center for 1993 Dispute Resolution, Salem, Oregon William A. Hilliard Editor, The Oregonian, Portland, Oregon 1994

—Salt Lake City Branch

Appointed by the Federal Reserve Bank Ronald S. Hanson Member of the Board and Member of the Executive Committee, 1992 Zions First National Bank, Salt Lake City, Utah Curtis H. Eaton Vice President; Manager, Community Banking Area; and Member of 1993 the Board of Directors, First Security Bank of Idaho, N.A., Twin Falls, Idaho Virginia P. Kelson Partner, Ralston Consulting Group, Salt Lake City, Utah 1993 Gerald R. Sherratt President, Southern Utah University, Cedar City, Utah 1994

Appointed by the Board of Governors Gary G. Michael Chairman and Chief Executive Officer, Albertson's, Inc., Boise, 1992 Idaho Constance G. Hogland Executive Director, Boise Neighborhood Housing Services, Inc., 1993 Boise, Idaho H. Roger Boyer Chairman of the Board, The Boyer Company, Salt Lake City, Utah 1994

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Directors of Federal Reserve Banks and Branches 401

DISTRICT 12—Continued Term expires Dec. 31 —Seattle Branch

Appointed by the Federal Reserve Bank H.H. Larison President and Chief Executive Officer, Columbia Paint & Coatings, 1992 Spokane, Washington B.R. Beeksma Chairman of the Board, InterWest Savings Bank, 1993 Oak Harbor, Washington Gerry B. Cameron President and Chief Executive Officer, U.S. Bank of Washington, 1993 N.A., Seattle, Washington Robert P. Gray President, National Bank of Alaska, Anchorage, Alaska 1994

Appointed by the Board of Governors Emilie A. Adams President and Chief Executive Officer, Better Business Bureau, 1992 Seattle, Washington George F. Russell, Jr. Chairman, Frank Russell Company, Tacoma, Washington 1993 William R. Wiley Senior Vice President, Technology Management, and Director, 1994 Pacific Northwest Division, Battelle Memorial Institute, Richland, Washington

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553

Directors of Federal Reserve Banks and Branches

Regional decentralization and a combination of Class C. Directors are chosen without discrimina- governmental and private characteristics are impor- tion as to race, creed, color, sex, or national origin. tant hallmarks of the uniqueness of the Federal Class A directors of each Reserve Bank repre- Reserve System. Under the Federal Reserve Act, sent the stockholding member banks of the Federal decentralization was achieved by division of the Reserve District. Class B and Class C directors country into twelve regions called Federal Reserve represent the public and are chosen with due, but Districts, and the establishment in each District of a not exclusive, consideration to the interests of agri- separately incorporated Federal Reserve Bank with culture, commerce, industry, services, labor, and its own board of directors. The blending of govern- consumers; they may not be officers, directors, or mental and private characteristics is provided employees of any bank. In addition, Class C direc- through ownership of the stock of the Reserve tors may not be stockholders of any bank. The Bank by member banks in its District who also Board of Governors designates annually one Class elect the majority of the board of directors, and by C director as chairman of the board of directors of the general supervision of the Reserve Banks by each District Bank, and designates another Class C the Board of Governors, an agency of the federal director as deputy chairman. government. The Board also appoints a minority of Each of the twenty-five Branches of Federal each board of directors. Thus, there are essential Reserve Banks has a board of either seven or five elements of regional participation and counsel in directors, a majority of whom are appointed by the the conduct of the System's affairs for which the parent Federal Reserve Bank; the others are ap- Federal Reserve relies importantly on the contribu- pointed by the Board of Governors. One of the tions of the directors of the Federal Reserve Banks Board's appointees is designated annually as chair- and Branches. man of the board of that Branch in a manner The following list of directors of Federal prescribed by the parent Federal Reserve Bank. Reserve Banks and Branches shows for each direc- The names of the chairman and deputy chairman tor the class of directorship, the principal business of the board of directors of each Reserve Bank and affiliation, and the date the current term expires. of the chairman of each Branch are published Each Federal Reserve Bank has nine members on monthly in the Federal Reserve Bulletin.1 its board of directors: the member banks elect the three Class A and three Class B directors, and the Board of Governors appoints the three directors in 1. The current list appears on page A94 of this Bulletin.

Term expires DISTRICT 1—BOSTON December 31

Class A David A. Page President and Chief Executive Officer, Ocean National Bank of 1993 Kennebunk, Kennebunk, Maine Robert M. Silva President, Chief Executive Officer, and Director, The Citizens 1994 National Bank, Putnam, Connecticut Ira Stepanian Chairman and Chief Executive Officer, The Bank of Boston 1995 Corporation, Boston, Massachusetts

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554 Federal Reserve Bulletin • May 1993

Term expires DISTRICT 1—Continued December 31

Class B Stephen R. Levy Chairman of the Board and Chief Executive Officer, Bolt Beranek and 1993 Newman, Inc., Cambridge, Massachusetts Edward H. Ladd Chairman and Chief Executive Officer, Standish, Ayer and Wood, 1994 Inc., Boston, Massachusetts Joan T. Bok Chairman of the Board, New England Electric System, Westborough, 1995 Massachusetts Class C John E. Flynn Executive Director, The Quality Connection, East Dennis, 1993 Massachusetts Jerome H. Grossman Chairman of the Board and Chief Executive Officer, New England 1994 Medical Center, Inc., Boston, Massachusetts Warren B. Rudman, Esq. Sheehan, Phinney, Bass, and Green, Manchester, New Hampshire 1995

DISTRICT 2—NEW YORK

Class A Barbara Harding Chairman of the Board and Chief Executive Officer, Phillipsburg 1993 National Bank and Trust Company, Phillipsburg, New Jersey Thomas G. Labrecque Chairman and Chief Executive Officer, The Chase Manhattan Bank, 1994 N.A., New York, New York Robert G. Wilmers Chairman, President, and Chief Executive Officer, Manufacturers and 1995 Traders Trust Company, Buffalo, New York Class B Rand V. Araskog Chairman, President, and Chief Executive Officer, ITT Corporation, 1993 New York, New York Robert E. Allen Chairman and Chief Executive Officer, American Telephone and 1994 Telegraph Company, Basking Ridge, New Jersey William C. Steere, Jr. Chairman of the Board and Chief Executive Officer, PFIZER Inc., 1995 New York, New York Class C Ellen V. Futter President, Barnard College, New York, New York 1993 Maurice R. Greenberg Chairman and Chief Executive Officer, American International Group, 1994 Inc., New York, New York Cyrus R. Vance Presiding Partner, Simpson Thacher & Bartlett, 1995 New York, New York

BUFFALO BRANCH

Appointed by the Federal Reserve Bank Susan A. McLaughlin General Credit Manager, Eastman Kodak Company, 1993 Rochester, New York Charles M. Mitschow Senior Executive Vice President, Regional Banking, Marine Midland 1994 Bank, N.A., Buffalo, New York Richard H. Popp Operating Partner, South view Farm, Castile, New York 1994 George W. Hamlin IV President and Chief Executive Officer, The Canandaigua National 1995 Bank and Trust Company, Canandaigua, New York

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Directors of Federal Reserve Banks and Branches 555

Term expires

DISTRICT 2—Continued December 31

Buffalo Branch—Continued

Appointed by the Board of Governors Joseph J. Castiglia President and Chief Executive Officer, Pratt & Lambert, Inc., 1993 Buffalo, New York Donald L. Rust Plant Manager, General Motors Powertrain Division, Tonawanda 1994 Engine Plant, Buffalo, New York Herbert L. Washington HLW Fast Track, Inc., Rochester, New York 1995

DISTRICT 3—PHILADELPHIA

Class A President and Chief Executive Officer, United Jersey Bank/South, 1993 Gary F. Simmerman N.A., Cherry Hill, New Jersey President and Chief Executive Officer, The First National Bank of 1994 H. Bernard Lynch Wyoming, Wyoming, Delaware President and Chief Executive Officer, Keystone Financial, Inc., 1995 Carl L. Campbell Harrisburg, Pennsylvania Class B J. Richard Jones President and Chief Executive Officer, Jackson-Cross Company, 1993 Philadelphia, Pennsylvania James A. Hagen Chairman, President, and Chief Executive Officer, Consolidated Rail 1994 Corporation, Philadelphia, Pennsylvania David W. Huggins President and Chief Executive Officer, RMS Technologies, Inc., 1995 Marlton, New Jersey Class C Jane G. Pepper President, The Pennsylvania Horticultural Society, 1993 Philadelphia, Pennsylvania Donald J. Kennedy Business Manager, International Brotherhood of Electrical Workers, 1994 Local Union No. 269, Trenton, New Jersey James M. Mead President, Capital Blue Cross, Harrisburg, Pennsylvania 1995

DISTRICT 4—CLEVELAND

Class A Alfred C. Leist Chairman, President and Chief Executive Officer, Apple Creek 1993 Banking Company, Apple Creek, Ohio William T. McConnell President, The Park National Bank, Newark, Ohio 1994 Edward B. Brandon Chairman and Chief Executive Officer, National City Corporation, 1995 Cleveland, Ohio Class B Verna K. Gibson Business Consultant, Columbus, Ohio 1993 Douglas E. Olesen President and Chief Executive Officer, Battelle Memorial Institute, 1994 Columbus, Ohio I.N. Rendall Harper, Jr. President and Chief Executive Officer, American Micrographics 1995 Company, Inc., Monroeville, Pennsylvania

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556 Federal Reserve Bulletin • May 1993

Term expires DISTRICT 4—Continued December 31

Class C John R. Hodges President, Ohio AFL-CIO, Columbus, Ohio 1993 G. Watts Humphrey President, GWH Holdings, Inc., Pittsburgh, Pennsylvania 1994 A. William Reynolds Chairman and Chief Executive Officer, GenCorp, Fairlawn, Ohio 1995

CINCINNATI BRANCH

Appointed by the Federal Reserve Bank Jack W. Buchanan President, Sphar & Company, Inc., Winchester, Kentucky 1993 John N. Taylor, Jr. Chairman and Chief Executive Officer, Kurz-Kasch, Inc., 1993 Dayton, Ohio Marvin J. Stammen President and Chief Executive Officer, Second National Bank, 1994 Greenville, Ohio Jerry W. Carey President and Chief Executive Officer, Union National Bank and Trust 1995 Company, Barbourville, Kentucky Appointed by the Board of Governors Marvin Rosenberg Partner, Towne Properties, Ltd., Cincinnati, Ohio 1993 Raymond A. Bradbury Chairman, Martin County Coal Corporation, Inez, Kentucky 1994 Eleanor Hicks Hicks & Kinley, International Access Marketing, Cincinnati, Ohio 1995

PITTSBURGH BRANCH

Appointed by the Federal Reserve Bank George A. Davidson, Jr. Chairman and Chief Executive Officer, Consolidated Natural Gas 1993 Company, Pittsburgh, Pennsylvania Randall L.C. Russell President and Chief Executive Officer, Ranbar Technology, Inc., 1993 Glenshaw, Pennsylvania David S. Dahlmann President and Chief Executive Officer, Southwest National 1994 Corporation, Greensburg, Pennsylvania Frank V. Cahouet Chairman, President, and Chief Executive Officer, Mellon Bank, N.A., 1995 Pittsburgh, Pennsylvania Appointed by the Board of Governors Sandra L. Phillips Executive Director, Pittsburgh Partnership for Neighborhood 1993 Development, Pittsburgh, Pennsylvania Jack B. Piatt Chairman of the Board and President, Millcraft Industries, Inc., 1994 Washington, Pennsylvania Robert P. Bozzone President and Chief Executive Officer, Allegheny Ludlum 1995 Corporation, Pittsburgh, Pennsylvania

DISTRICT 5—RICHMOND

Class A James G. Lindley Chairman, President, and Chief Executive Officer, South Carolina 1993 National Bank, Columbia, South Carolina Webb C. Hayes IV President, The Palmer National Bank, Washington, D.C. 1994 Charles E. Weller President, Elkridge National Bank and ENB Financial Corporation, 1995 Elkridge, Maryland

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Directors of Federal Reserve Banks and Branches 557

Term expires

DISTRICT 5—Continued December 31

Class B Chairman, The North Carolina Enterprise Corporation, 1993 Raleigh, North Carolina Paul A. DelaCourt Retired Senior Vice President, ITT/Carbon Industries, Inc., 1994 Charleston, West Virginia L. Newton Thomas, Jr. Chairman, Dilmar Oil Company, Inc., Florence, South Carolina 1995

R.EClass. Atkinson C , Jr. Stephen Brobeck Executive Director, Consumer Federation of America, 1993 Washington, D.C. Anne Marie Whittemore Partner, McGuire, Woods, Battle & Boothe, Richmond, Virginia 1994 Henry J. Faison President, Faison Associates, Charlotte, North Carolina 1995

BALTIMORE BRANCH

Appointed by the Federal Reserve Bank Vacancy 1993 Thomas J. Hughes President, Navy Federal Credit Union, Vienna, Virginia 1994 F. Levi Ruark Chairman of the Board and President, The National Bank of 1994 Cambridge, Cambridge, Maryland Richard M. Adams Chairman and Chief Executive Officer, United Bankshares, Inc., 1995 Parkersburg, West Virginia

Appointed by the Board of Governors Michael R. Watson President, Association of Maryland Pilots, Annapolis, Maryland 1993 Rebecca Hahn Windsor Chairman and Chief Executive Officer, Hahn Transportation, Inc., 1994 New Market, Maryland Vacancy 1995

CHARLOTTE BRANCH

Appointed by the Federal Reserve Bank Jim M. Cherry, Jr. President and Chief Executive Officer, Williamsburg First National 1993 Bank, Kingstree, South Carolina Dorothy H. Aranda President, Dohara Associates, Inc., Hilton Head Island, 1994 South Carolina L. Glenn Orr, Jr. Chairman, President, and Chief Executive Officer, Southern National 1994 Corporation, Lumberton, North Carolina David B. Jordan Vice Chairman, Chief Executive Officer, and Director, Security 1995 Capital Bancorp, Salisbury, North Carolina

Appointed by the Board of Governors William E. Masters President, Perception, Inc., Easley, South Carolina 1993 Harold D. Kingsmore President and Chief Operating Officer, Graniteville Company, 1994 Graniteville, South Carolina Anne M. Allen President, Anne Allen & Associates, Inc., 1995 Greensboro, North Carolina

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558 Federal Reserve Bulletin • May 1993

Term expires DISTRICT 6—ATLANTA December 31

Class A Chairman and Chief Executive Officer, SunTrust Banks, Inc., 1993 James B. Williams Atlanta, Georgia Simpson Russell Chairman and Chief Executive Officer, The First National Bank of 1994 Florence, Florence, Alabama W.H. Swain Chairman of the Board, First National Bank, Oneida, Tennessee 1995

Class B Andre M. Rubenstein Chairman of the Board and Chief Executive Officer, Rubenstein 1993 Brothers, Inc., New Orleans, Louisiana Victoria B. Jackson President, DSS/ProDiesel, Nashville, Tennessee 1994 J. Thomas Holton Chairman and President, Sherman International Corporation, 1995 Birmingham, Alabama

Class C Edwin A. Huston Senior Executive Vice President-Finance, Ryder System, Inc., 1993 Miami, Florida Hugh M. Brown President and Chief Executive Officer, BAMSI, Inc., 1994 Titusville, Florida Leo Benatar Chairman of the Board and President, Engraph, Inc., 1995 Atlanta, Georgia

BIRMINGHAM BRANCH

Appointed by the Federal Reserve Bank Julian W. Banton Chairman, President, and Chief Executive Officer, SouthTrust Bank of 1993 Alabama, N.A., Birmingham, Alabama Marlin D. Moore, Jr. Chairman, Pritchett-Moore, Inc., Tuscaloosa, Alabama 1994 Columbus Sanders President, Consolidated Industries, Inc., Huntsville, Alabama 1994 J. Stephen Nelson President and Chief Executive Officer, First National Bank, 1995 Brewton, Alabama Appointed by the Board of Governors Donald E. Boomershine President, Better Business Bureau of Central Alabama, Inc., 1993 Birmingham, Alabama Shelton E. Allred Chairman of the Board, President, and Chief Executive Officer, 1994 Frit Incorporated, Ozark, Alabama Patricia B. Compton President, Patco, Inc., Georgiana, Alabama 1995

JACKSONVILLE BRANCH

Appointed by the Federal Reserve Bank Hugh H. Jones, Jr. Chairman of the Board, Barnett Bank of Jacksonville, N.A., 1993 Jacksonville, Florida Perry M. Dawson President and Chief Executive Officer, Suncoast Schools Federal 1994 Credit Union, Tampa, Florida Arnold A. Heggestad William H. Dial Professor and Director, College of Business 1994 Administration, University of Florida, Gainesville, Florida Merle L. Graser Chairman and Chief Executive Officer, First National Bank of Venice, 1995 Venice, Florida

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Directors of Federal Reserve Banks and Branches 559

Term expires DISTRICT 6—Continued December 31

Jacksonville Branch—Continued

Appointed by the Board of Governors Joan Dial Ruffier General Partner, Sunshine Cafes, Orlando, Florida 1993 Samuel H. Vickers Chairman, President, and Chief Executive Officer, Design Containers, 1994 Inc., Jacksonville, Florida Lana Jane Lewis-Brent President, Paul Brent Designer, Inc., Panama City, Florida 1995

MIAMI BRANCH

Appointed by the Federal Reserve Bank Steven C. Shimp President, O-A-K/Florida, Inc., Fort Myers, Florida 1993 Pat L. Tornillo, Jr. Executive Vice President, United Teachers of Dade, Miami, Florida 1993 Roberto G. Blanco Vice Chairman and Chief Financial Officer, Republic National Bank of Miami, Miami, Florida 1994 E. Anthony Newton President, Island National Bank of Palm Beach, 1995 Palm Beach, Florida

Appointed by the Board of Governors Michael T. Wilson President, Vinegar Bend Farms, Inc., Belle Glade, Florida 1993 Dorothy C. Weaver Executive Vice President, Intercap Investments, Inc., 1994 Coral Gables, Florida R. Kirk Landon Chairman and Chief Executive Officer, American Bankers 1995 Insurance Group, Miami, Florida

NASHVILLE BRANCH

Appointed by the Federal Reserve Bank Williams E. Arant, Jr. President and Chief Executive Officer, First National Bank of 1993 Knoxville, Knoxville, Tennessee William Baxter Lee III Chairman and President, Southeast Services Corporation, 1994 Knoxville, Tennessee Marguerite W. Sallee President and Chief Executive Officer, Corporate Child Care 1994 Management Services, Nashville, Tennessee James D. Harris President and Chief Executive Officer, Brentwood National Bank, 1995 Brentwood, Tennessee

Appointed by the Board of Governors William C. Wallace Vice President-Central Division, American Airlines, 1993 Nashville, Tennessee James R. Tuerff President and Chief Executive Officer, American General Life and 1994 Accident Insurance Company, Nashville, Tennessee Harold A. Black James F. Smith, Jr., Professor of Financial Institutions, 1995 College of Business Administration, University of Tennessee, Knoxville, Tennessee

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560 Federal Reserve Bulletin • May 1993

Term expires DISTRICT 6—Continued December 31

NEW ORLEANS BRANCH

Appointed by the Federal Reserve Bank Howard C. Gaines Chairman and Chief Executive Officer, First National Bank of 1993 Commerce, New Orleans, Louisiana Angus R. Cooper II Chairman and Chief Executive Officer, Cooper/T. Smith Corporation, 1994 Mobile, Alabama Kay L. Nelson Managing Director, Nelson Capital Corporation, 1994 New Orleans, Louisiana Thomas E. Walker President and Chief Executive Officer, Bank of Forest, 1995 Forest, Mississippi

Appointed by the Board of Governors Victor Bussie President, Louisiana AFL-CIO, Baton Rouge, Louisiana 1993 Jo Ann Slaydon President, Slaydon Consultants and Insight Productions and 1994 Advertising, Baton Rouge, Louisiana Lucimarian Tolliver Roberts President, Mississippi Coast Coliseum Commission, 1995 Pass Christian, Mississippi

DISTRICT 7—CHICAGO

Class A David W. Fox Chairman, President, and Chief Executive Officer, The Northern Trust 1993 Corporation and The Northern Trust Company, Chicago, Illinois Stefan S. Anderson Chairman, President, and Chief Executive Officer, 1994 First Merchants Bank, N.A., and First Merchants Corporation, Muncie, Indiana Arnold C. Schultz Chairman, President, and Chief Executive Officer, Grundy National 1995 Bank, Grundy Center, Iowa

Class B Associate Professor of Management, Krannert Graduate School of 1993 A. Charlene Sullivan Management, Purdue University, West Lafayette, Indiana President and Chief Executive Officer, Dorr's Pine Grove Farm Co., 1994 Thomas C. Dorr Marcus, Iowa President, Schneider National, Inc., Green Bay, Wisconsin 1995 Donald J. Schneider

Class C Robert M. Healey President, Chicago Federation of Labor and Industrial Union Council, 1993 AFL-CIO, Chicago, Illinois Duane L. Burnham Chairman and Chief Executive Officer, Abbott Laboratories, 1994 Abbott Park, Illinois Richard G. Cline Chairman, President, and Chief Executive Officer, NICOR, Inc., 1995 Naperville, Illinois

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Directors of Federal Reserve Banks and Branches 561

Term expires

DISTRICT 7—Continued December 31

DETROIT BRANCH Appointed by the Federal Reserve Bank Charles E. Allen President and Chief Executive Officer, Graimark Realty Advisors, 1993 Inc., Detroit, Michigan William E. Odom Chairman, Ford Motor Credit Company, Dearborn, Michigan 1993 Daniel R. Smith Chairman and Chief Executive Officer, First of America Bank 1994 Corporation, Kalamazoo, Michigan Norman F. Rodgers President and Chief Executive Officer, Hillsdale County National 1995 Bank, Hillsdale, Michigan Appointed by the Board of Governors Beverly A. Beltaire President, P R Associates, Inc., Detroit, Michigan 1993 John D. Forsyth Executive Director, University of Michigan Hospitals, 1994 Ann Arbor, Michigan J. Michael Moore Chairman and Chief Executive Officer, Invetech Company, 1995 Detroit, Michigan

DISTRICT 8—ST. LOUIS

Class A Ray U. Tanner Chairman, Director, and Chief Executive Officer, Volunteer Bank, 1993 Jackson, Tennessee Henry G. River, Jr. President and Chief Executive Officer, First National Bank in 1994 Pinckneyville, Pinckneyville, Illinois Douglas M. Lester Chairman and President, Trans Financial Bancorp, Inc., 1995 Bowling Green, Kentucky Class B Warren R. Lee President, W. R. Lee & Associates, Inc., Louisville, Kentucky 1993 President and Chief Executive Officer, Sanderson Plumbing Products, 1994 Sandra B. Sanderson-Chesnut Inc., Columbus, Mississippi President and Chief Executive Officer, Riceland Foods, Inc., 1995 Richard E. Bell Stuttgart, Arkansas Class C Janet McAfee Weakley President, Janet McAfee, Inc., St. Louis, Missouri 1993 Robert H. Quenon Mining Consultant, St. Louis, Missouri 1994 John F. McDonnell Chairman and Chief Executive Officer, McDonnell Douglas 1995 Corporation, St. Louis, Missouri

LITTLE ROCK BRANCH

Appointed by the Federal Reserve Bank James V. Kelley Chairman, President, and Chief Executive Officer, First United 1993 Bancshares, Inc., El Dorado, Arkansas Mahlon A. Martin President, Winthrop Rockefeller Foundation, Little Rock, Arkansas 1993 Barnett Grace Chairman and Chief Executive Officer, First Commercial Bank, N.A., 1994 Little Rock, Arkansas Mark A. Shelton III President, M.A. Shelton Farming Company, Altheimer, Arkansas 1995

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562 Federal Reserve Bulletin • May 1993

Term expires DISTRICT 8—Continued December 31

Little Rock Branch—Continued

Appointed by the Board of Governors L. Dickson Rake President, Barnes, Quinn, Flake & Anderson, Inc., 1993 Little Rock, Arkansas Robert Daniel Natholz, Jr. Chief Executive Officer, Nabholz Construction Corporation, 1994 Conway, Arkansas Betta Carney President and Chief Executive Officer, World Wide Travel 1995 Service, Inc., Little Rock, Arkansas

LOUISVILLE BRANCH

Appointed by the Federal Reserve Bank Robert M. Hall Owner, Mike Hall Farm, Seymour, Indiana 1993 Charles D. Storms President and Chief Executive Officer, Red Spot Paint and Varnish Company, Inc., Evansville, Indiana 1993 Thomas E. Sprage is, Jr. President, The Farmers National Bank of Lebanon, Lebanon, Kentucky 1994 Malcolm B. Chancey, Jr. Chairman and Chief Executive Officer, Liberty National Bank, Louisville, Kentucky 1995

Appointed by the Board of Governors John A. Williams Chairman and Chief Executive Officer, Computer Services, Inc. 1993 Paducah, Kentucky Laura M. Douglas Legal Director, Metropolitan Sewer District, 1994 Louisville, Kentucky Daniel L. Ash Consultant, Louisville Energy and Environment Corporation, 1995 Louisville, Kentucky

MEMPHIS BRANCH

Appointed by the Federal Reserve Bank Thomas M. Garrott President and Chief Operating Officer, National Bank 1993 of Commerce and National Commerce Bancorporation, Memphis, Tennessee Larry A. Watson Chairman of the Board and President, Liberty Federal 1993 Savings Bank, Paris, Tennessee Lewis F. Mallory, Jr. President and Chief Executive Officer, National Bank 1994 of Commerce of Mississippi, Starkville, Mississippi Anthony M. Ramp ley President, Chief Executive Officer, and Director, Arkansas Glass 1995 Container Corporation, Jonesboro, Arkansas

Appointed by the Board of Governors Seymour B. Johnson Owner, Kay Planting Company, Indianola, Mississippi 1993 Sidney Wilson Owner, Wilson Automotive Group Inc., Jackson, Tennessee 1994 M. Rita Schroeder President, St. Francis Hospital, Memphis, Tennessee 1995

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Directors of Federal Reserve Banks and Branches 563

Term expires DISTRICT 9—MINNEAPOLIS December 31

Class A President and Chief Executive Officer, First State Bank of Warner, 1993 Charles L. Seaman Warner, South Dakota Chairman and Chief Executive Officer, First Bank Montana, N.A., 1994 William W. Strausburg and General Manager, First Bank-Regional Banking Group, Billings, Montana Susanne V. Boxer President and Chief Executive Officer, Houghton National Bank, 1995 Houghton, Michigan

Class B Earl R. St. John, Jr. President, St. John Forest Products, Inc., Spalding, Michigan 1993 Duane E. Dingmann President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1994 Dennis W. Johnson President, TMI Systems Design Corporation/TMI Transport 1995 Corporation, Dickinson, North Dakota

Class C President and Chief Executive Officer, Pioneer Metal Finishing, 1993 Delbert W. Johnson Minneapolis, Minnesota Professor, Consumption and Consumer Economics, Department of 1994 Jean D. Kinsey Agricultural and Applied Economics, University of Minnesota, St. Paul, Minnesota Gerald A. Rauenhorst Chairman of the Board and Chief Executive Officer, Opus 1995 Corporation, Minneapolis, Minnesota

HELENA BRANCH

Appointed by the Federal Reserve Bank Beverly D. Harris President, Empire Federal Savings and Loan Association, 1993 Livingston, Montana Donald E. Olsson, Jr. Executive Vice President, Ronan State Bank, Ronan, Montana 1994 Nancy M. Stephenson Executive Director, Neighborhood Housing Services, 1994 Great Falls, Montana

Appointed by the Board of Governors James E. Jenks Jenks Farms, Hogeland, Montana 1993 Lane W. Basso President, Deaconess Medical Center of Billings, Inc., 1994 Billings, Montana

DISTRICT 10—KANSAS CITY

Class A Roger L. Reisher Co-Chairman of the Board, FirstBank Holding Company of Colorado, 1993 Lakewood, Colorado Charles I. Moyer Chairman and Chief Executive Officer, The First National Bank of 1994 Phillipsburg, Phillipsburg, Kansas William L. McQuillan President and Chief Executive Officer, City National Bank, 1995 Greeley, Nebraska

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564 Federal Reserve Bulletin • May 1993

Term expires DISTRICT 10—Continued December 31

Class B Don E. Adams Buffalo, Oklahoma 1993 Frank J. Yaklich, Jr. President and Chief Executive Officer, CF & I Steel Corporation, 1994 Pueblo, Colorado WW. Allen President and Chief Operating Officer, Phillips Petroleum Company, 1995 Bartlesville, Oklahoma

Class C President and General Manager, Thomas E. Rodriguez & Associates, 1993 Thomas E. Rodriguez P.C., Aurora, Colorado Chairman of the Board and President, Puritan-Bennett Corporation, 1994 Burton A. Dole, Jr. Overland Park, Kansas President and Chief Executive Officer, Godfather's Pizza, Inc., 1995 Herman Cain Omaha, Nebraska

DENVER BRANCH

Appointed by th ? Federal Reserve Bank Peter R. Decker President, Decker & Associates, Denver, Colorado 1993 Clifford E. Kirk President, First National Bank of Gillette, Gillette, Wyoming 1994 Richard I. Ledbet er President and Chief Executive Officer, First National Bank of 1994 Farmington, Farmington, New Mexico Peter I. Wold Partner, Wold Oil and Gas Company, Casper, Wyoming 1995

Appointed by th e Board of Governors Gilbert Sanchez President, New Mexico Highlands University, 1993 Las Vegas, New Mexico Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado 1994 Sandra K. Woods Vice President, Adolph Coors Company, Corporate Real Estate, 1995 Golden, Colorado

OKLAHOMA CITY BRANCH

Appointed by th e Federal Reserve Bank Gordona Duca President and Owner, Gordona Duca, Inc., Realtors, 1993 Tulsa, Oklahoma C. Kendric Fergeson Chairman of the Board and Chief Executive Officer, The National 1993 Bank of Commerce, Altus, Oklahoma John Wm. Laisle President and Chief Executive Officer, MidFirst Bank, SSB, 1994 Oklahoma City, Oklahoma

Dennis M. Mitchell President, Citizens Bank of Ardmore, Ardmore, Oklahoma 1995

Appointed by the Board of Governors Ernest L. Holloway President, Langston University, Langston, Oklahoma 1993 Victor R. Schock President and Chief Executive Officer, Credit Counseling Services of 1994 Oklahoma, Inc., Tulsa, Oklahoma Barry L. Eller Sr. Vice President and General Manager, MerCruiser, Mercury Marine 1995 Business Unit, Division of Brunswick Corp., Stillwater, Oklahoma

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1993

Directors of Federal Reserve Banks and Branches 565

Term expires

DISTRICT 10— Continued December 31

OMAHA BRANCH Appointed by the Federal Reserve Bank Bruce R. Lauritzen President, First National Bank of Omaha, Omaha, Nebraska 1993 Donald A. Leu President and Chief Executive Officer, Consumer Credit Counseling 1993 Service, Omaha, Nebraska Thomas H. Olson President and Chief Executive Officer, Lisco State Bank, 1993 Lisco, Nebraska Robert L. Peterson Chairman, President, and Chief Executive Officer, IBP, Inc., 1995 Dakota City, Nebraska Appointed by the Board of Governors LeRoy W. Thom President, T-L Irrigation Company, Hastings, Nebraska 1993 Arthur L. Shoener Executive Vice President-Operations, Union Pacific Railroad, 1994 Omaha, Nebraska Sheila Griffin Special Advisor to the Governor of the State of Nebraska for 1995 International Trade, Lincoln, Nebraska

DISTRICT 11—DALLAS

Class A T.C. Frost Chairman of the Board, Frost National Bank, San Antonio, Texas 1993 Eugene M. Phillips Chairman of the Board and President, The First National Bank of 1994 Panhandle, Panhandle, Texas Jeff Austin, Jr. Chairman of the Board, Texas National Bank, Longview, Texas 1995 Class B J.B. Cooper, Jr. Farmer, Roscoe, Texas 1993 Peyton Yates President, Yates Drilling Company and Executive Vice President, 1994 Yates Petroleum Corporation, Artesia, New Mexico Milton Carroll Chairman of the Board and Chief Executive Officer, Instrument 1995 Products, Inc., Houston, Texas Class C James A. Martin Third General Vice President, International Association of Bridge, 1993 Structural and Ornamental Iron Workers, Austin, Texas Cece Smith General Partner, Phillips-Smith Specialty Retail Group, 1994 Dallas, Texas Leo E. Linbeck, Jr. Chairman of the Board and Chief Executive Officer, Linbeck 1995 Construction Corporation, Houston, Texas

EL PASO BRANCH

Appointed by the Federal Reserve Bank Veronica K. Callaghan Vice President and Principal, KASCO Ventures, Inc., El Paso, Texas 1993 Ben H. Haines, Jr. President and Chief Operating Officer, First National Bank of Dona 1993 Ana County, Las Cruces, New Mexico Hugo Bustamante, Jr. Owner and Chief Executive Officer, ProntoLube, El Paso, Texas 1994 Wayne Merritt Chairman of the Board and President, Texas National Bank of 1995 Midland, Midland, Texas

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566 Federal Reserve Bulletin • May 1993

Term expires DISTRICT 11—Continued December 31

El Paso Branch—Continued

Appointed by the Board of Governors Diana S. Natalicio President, The University of Texas at El Paso, El Paso, Texas 1993 Alvin T. Johnson President, Management Assistance Corporation of America, 1994 El Paso, Texas W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1995

HOUSTON BRANCH

Appointed by the Federal Reserve Bank Walter E. Johnson President and Chief Executive Officer, Southwest Bank of Texas, 1993 Houston, Texas Clive Runnells President and Director, Runnells Cattle Company, Bay City, Texas 1993 Tieman H. Dippel, Jr. Chairman of the Board and President, Brenham Bancshares, Inc., 1994 Brenham, Texas J. Michael Solar Principal Attorney, Solar & Ellis L.L.P., Houston, Texas 1995 Appointed by the Board of Governors Robert C. McNair Chairman and Chief Executive Officer, Cogen Technologies, Inc., 1993 Houston, Texas Isaac H. Kempner III Chairman of the Board, Imperial Holly Corporation, 1994 Sugar Land, Texas Judy Ley Allen Partner and Administrator, Allen Investments, Houston, Texas 1995

SAN ANTONIO BRANCH

Appointed by the Federal Reserve Bank Javier Garza Executive Vice President, The Laredo National Bank, Laredo, Texas 1993 Sam R. Sparks President, Sam R. Sparks, Inc., Progreso, Texas 1993 T. Jack Moore III Owner and Manager, T.J. Moore Lumber Inc., Ingram, Texas 1994 Gregory W. Crane President and Chief Executive Officer, Broadway National Bank, 1995 San Antonio, Texas Appointed by the Board of Governors Erich Wendl President and Chief Executive Officer, Maverick Markets, Inc., 1993 Corpus Christi, Texas Roger R. Hemminghaus Chairman, President, and Chief Executive Officer, Diamond 1994 Shamrock, Inc., San Antonio, Texas Carol L. Thompson Vice President, Computerland, Austin, Texas 1995

DISTRICT 12—SAN FRANCISCO

Class A Richard L. Mount Chairman, President, and Chief Executive Officer, Saratoga Bancorp, 1993 Saratoga, California William E.B. Siart President, First Interstate Bancorp, Los Angeles, California 1994 Carl J. Schmitt Chairman of the Board and Chief Executive Officer, University 1995 National Bank & Trust Company, Palo Alto, California

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Directors of Federal Reserve Banks and Branches 567

Term expires DISTRICT 12—Continued December 31

Class B John N. Nordstrom Co-Chairman of the Board, Nordstrom, Inc., Seattle, Washington 1993 William L. Tooley Chairman, Tooley & Company, Investment Builders, 1994 Los Angeles, California E. Kay Stepp Former President and Chief Operating Officer, Portland General 1995 Electric Company, Portland, Oregon

Class C James A. Vohs Chairman and Chief Executive Officer (Retired), Kaiser Foundation 1993 Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California Judith M. Runstad Partner and Managing Director, Foster Pepper and Shefelman, 1994 Seattle, Washington Cynthia A. Parker Executive Director, Anchorage Neighborhood Housing Services, Inc., 1995 Anchorage, Alaska

LOS ANGELES BRANCH

Appointed by the Federal Reserve Bank Anita Landecker Regional Vice President, Local Initiatives Support Corporation, 1993 Los Angeles, California Antonia Hernandez President and General Counsel, Mexican American Legal Defense and 1994 Educational Fund, Los Angeles, California William S. Randall Chief Executive Officer, Southwest Region, First Interstate Bank, 1994 Phoenix, Arizona Steven R. Sensenbach President and Chief Executive Officer, Vineyard National Bank, 1995 Rancho Cucamonga, California

Appointed by the Board of Governors Donald G. Phelps Chancellor, Los Angeles Community College District, 1993 Los Angeles, California David L. Moore President, Western Growers Association, Newport Beach, California 1994 Anne L. Evans Chairman, Evans Hotels, San Diego, California 1995

PORTLAND BRANCH

Appointed by the Federal Reserve Bank Cecil W. Drinkward President, Hoffman Construction Company, Portland, Oregon 1993 Stephen G. Kimball Chairman, President, and Chief Executive Officer, Baker Boyer 1993 Bancorp, Walla Walla, Washington Stuart H. Compton Chairman, Pioneer Trust Bank, N.A., Salem, Oregon 1994 Elizabeth K. Johnson President, TransWestern Helicopters, Inc., Scappoose, Oregon 1995

Appointed by the Board of Governors Ross R. Runkel Professor of Law, Willamette University, Salem, Oregon 1993 William A. Hilliard Editor, The Oregonian, Portland, Oregon 1994 Carol A. Whipple Owner/Manager, Rocking C Ranch, Elkton, Oregon 1995

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568 Federal Reserve Bulletin • May 1993

Term expires DISTRICT 12—Continued December 31

SALT LAKE CITY BRANCH

Appointed by the Federal Reserve Bank Curtis H. Eaton Vice President; Manager, Community Banking Area; and Member 1993 of the Board of Directors, First Security Bank of Idaho, N.A., Twin Falls, Idaho Virginia P. Kelson Partner, Ralston Consulting Group, Salt Lake City, Utah 1993 Gerald R. Sherratt President, Southern Utah University, Cedar City, Utah 1994 Roy C. Nelson President, Bank of Utah, Ogden, Utah 1995 Appointed by the Board of Governors Constance G. Hogland Executive Director, Boise Neighborhood Housing Services, Inc., 1993 Boise, Idaho H. Roger Boyer Chairman of the Board, The Boyer Company, Salt Lake City, Utah 1994 Gary G. Michael Chairman and Chief Executive Officer, Albertson's, Inc., 1995 Boise, Idaho

SEATTLE BRANCH

Appointed by the Federal Reserve Bank B.R. Beeksma Chairman of the Board, InterWest Savings Bank, 1993 Oak Harbor, Washington Gerry B. Cameron Vice Chairman, U.S. Bancorp, Seattle, Washington 1993 Thomas E. Cleveland Chairman of the Board and Chief Executive Officer, Enterprise Bank 1994 of Bellevue, N.A., Bellevue, Washington Constance L. Proctor Partner, Alston, Courtnage, MacAulay & Proctor, 1995 Seattle, Washington Appointed by the Board of Governors George F. Russell, Jr. Chairman, Frank Russell Company, Tacoma, Washington 1993 William R. Wiley Senior Vice President, Battelle Memorial Institute; Director, 1994 Battelle/Pacific Northwest Division; and Director, U.S. Department of Energy, Pacific Northwest Laboratory, Richland, Washington Emilie A. Adams President and Chief Executive Officer, Better Business Bureau, 1995 Seattle, Washington

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467

Directors of Federal Reserve Banks and Branches

Regional decentralization and a combination of govern- without discrimination as to race, creed, color, sex, or mental and private characteristics are important hall- national origin. marks of the uniqueness of the Federal Reserve System. Class A directors represent the stockholding member Under the Federal Reserve Act, decentralization was banks of the Federal Reserve District. Class B and achieved by the division of the country into twelve Class C directors represent the public and are chosen regions called Federal Reserve Districts and the estab- with due, but not exclusive, consideration given to the lishment in each District of a separately incorporated interests of agriculture, commerce, industry, services, Federal Reserve Bank with its own board of directors. labor, and consumers; they may not be officers, directors, The blending of governmental and private characteris- or employees of any bank or bank holding company. tics is provided through ownership of the stock of the Also, Class C directors may not be stockholders of any Reserve Bank by member banks in its District, who also bank or bank holding company. The Board of Governors elect the majority of the board of directors, and by the designates annually one Class C director as chairman of general supervision of the Reserve Banks by the Board the board of directors of each District Bank and another of Governors, an agency of the federal government. The Class C director as deputy chairman. Board also appoints a minority of each board of direc- Each of the twenty-five Branches of the Federal tors. Thus, there are essential elements of regional partic- Reserve Banks has a board of either seven or five direc- ipation and counsel in the conduct of the System's tors, a majority of whom are appointed by the parent affairs for which the Federal Reserve relies importantly Federal Reserve Bank; the others are appointed by the on the contributions of the directors of the Federal Board of Governors. One of the Board's appointees is Reserve 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: three chairman of each Branch are published monthly in the Class A and three Class B directors, who are elected by Federal Reserve Bulletin.1 the stockholding member banks, and three Class C direc- tors, who are appointed by the Board of Governors of the Federal Reserve System. Directors are chosen 1. The current list appears on page A92 of this Bulletin.

Term expires

DISTRICT 1—BOSTON December 31

Class A Robert M. Silva President, Chief Executive Officer, and Director, The Citizens 1994 National Bank, Putnam, Connecticut Ira Stepanian Chairman and Chief Executive Officer, The Bank of Boston 1995 Corporation, Boston, Massachusetts David A. Page President and Chief Executive Officer, Ocean National Bank of 1996 Kennebunk, Kennebunk, Maine

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468 Federal Reserve Bulletin • May 1994

Term expires DISTRICT 1—Continued December 31

Class B Edward H. Ladd Chairman and Chief Executive Officer, Standish, Ayer and Wood, 1994 Inc., Boston, Massachusetts 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

Class C Jerome H. Grossman Chairman and Chief Executive Officer, New England Medical Center, 1994 Inc., Boston, Massachusetts Warren B. Rudman, Esq. Sheehan, Phinney, Bass, and Green, Manchester, New Hampshire 1995 John E. Flynn Executive Director, The Quality Connection, East Dennis, 1996 Massachusetts

DISTRICT 2—NEW YORK

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

Class B Robert E. Allen Chairman and Chief Executive Officer, AT&T, Basking Ridge, 1994 New Jersey William C. Steere, Jr. Chairman and Chief Executive Officer, Pfizer Inc., 1995 New York, New York Sandra Feldman President, United Federation of Teachers, New York, New York 1996

Class C Maurice R. Greenberg Chairman and Chief Executive Officer, American International Group, 1994 Inc., New York, New York Herbert L. Washington Owner, HLW Fast Track, Inc., Rochester, New York 1995 David A. Hamburg President, Carnegie Corporation, New York, New York 1996

BUFFALO BRANCH

Appointed by the Federal Reserve Bank Charles M. Mitschow Chairman, Western Region, Marine Midland Bank, Buffalo, 1994 New York Richard H. Popp Operating Partner, Southview Farm, Castile, New York 1994 George W. Hamlin IV President and Chief Executive Officer, The Canandaigua National 1995 Bank and Trust Company, Canandaigua, New York Louise C. Woerner Chairman and Chief Executive Officer, HCR Home Health Agency, 1996 Rochester, New York

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Directors of Federal Reserve Banks and Branches 469

Term expires DISTRICT 2—Continued December 31

Buffalo Branch—Continued

Appointed by the Board of Governors Donald L. Rust Plant Manager, Tonawanda Engine Plant, General Motors Powertrain 1994 Division, General Motors Corporation, Buffalo, New York F. C. Richardson President, Buffalo State College, Buffalo, New York 1995 Joseph J. Castiglia President and Chief Executive Officer, Pratt & Lambert, Inc., 1996 Buffalo, New York

DISTRICT 3—PHILADELPHIA

Class A H. Bernard Lynch President and Chief Executive Officer, The First National Bank of 1994 Wyoming, Wyoming, Delaware 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

Class B James A. Hagen Chairman, President, and Chief Executive Officer, Consolidated Rail 1994 Corporation (CONRAIL), Philadelphia, Pennsylvania 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

Class C Business Manager, International Brotherhood of Electrical Workers, 1994 Donald J. Kennedy Local Union No. 269, Trenton, New Jersey President and Chief Executive Officer, Capital Blue Cross, 1995 James M. Mead Harrisburg, Pennsylvania President and Chief Operating Officer, United Medical Corporation, 1996 Joan Carter Haddonfield, New Jersey

DISTRICT 4—CLEVELAND

Class A Chairman and Chief Executive Officer, The Park National Bank, 1994 William T. McConnell Newark, Ohio Chairman and Chief Executive Officer, National City Corporation, 1995 Edward B. Brandon Cleveland, Ohio Chairman, President, and Chief Executive Officer, Apple Creek 1996 Alfred C. Leist Banking Company, Apple Creek, Ohio

Class B President and Chief Executive Officer, Battelle Memorial Institute, 1994 Douglas E. Olesen Columbus, Ohio President and Chief Executive Officer, American Micrographics 1995 I. N. Rendall Harper, Jr. Company, Inc., Monroeville, Pennsylvania President, Cincom Systems, Inc., Cincinnati, Ohio 1996 Thomas M. Nies

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470 Federal Reserve Bulletin • May 1994

Term expires

DISTRICT 4—Continued December 31

Class C President, GWH Holdings, Inc., Pittsburgh, Pennsylvania 1994 G. Watts Humphrey, Jr. Chairman and Chief Executive Officer, GenCorp, Fairlawn, Ohio 1995 A. William Reynolds Executive Secretary-Treasurer, Ohio State Building and Construction 1996 Robert Y. Farrington Trades Council, Columbus, Ohio

CINCINNATI BRANCH

Appointed by the Federal Reserve Bank Marvin J. Stammen President and Chief Executive Officer, Second National Bank, 1994 Greenville, Ohio Jerry W. Carey President and Chief Executive Officer, Union National Bank and Trust 1995 Company, Barbourville, Kentucky Phillip R. Cox President, Cox Financial Corporation, Cincinnati, Ohio 1996 C. Wayne Shumate Chairman and Chief Executive Officer, Kentucky Textiles, Inc., 1996 Paris, Kentucky

Appointed by the Board of Governors Raymond A. Bradbury Chairman (Retired), Martin County Coal Corporation, 1994 Prestonburg, Kentucky 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

PITTSBURGH BRANCH

Appointed by the Federal Reserve Bank David S. Dahlmann President and Chief Executive Officer, Southwest National 1994 Corporation, Greensburg, Pennsylvania 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

Appointed by the Board of Governors Jack B. Piatt Chairman and President, Millcraft Industries, Inc., 1994 Washington, Pennsylvania Robert P. Bozzone President and Chief Executive Officer, Allegheny Ludlum 1995 Corporation, Pittsburgh, Pennsylvania Sandra L. Phillips Executive Director, Pittsburgh Partnership for Neighborhood 1996 Development, Pittsburgh, Pennsylvania

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Directors of Federal Reserve Banks and Branches 471

Term expires DISTRICT 5—RICHMOND December 31

Class A Chairman, The Palmer National Bancorp, Inc. and President. Palmer 1994 Webb C. Hayes IV National Bank, Washington, D.C. President, Elkridge National Bank and ENB Financial Corporation, 1995 Charles E. Weller Elkridge, Maryland Chairman and Chief Executive Officer, Signet Banking Corporation, 1996 Robert M. Freeman Richmond, Virginia Class B L. Newton Thomas, Jr. Senior Vice President (Retired), ITT/Carbon Industries, Inc., 1994 Charleston, West Virginia 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 Class C Claudine B. Malone President, Financial & Management Consulting, Inc., McLean, 1994 Virginia Henry J. Faison President, Faison Associates, Charlotte, North Carolina 1995 Stephen Brobeck Executive Director, Consumer Federation of America, 1996 Washington, D.C.

BALTIMORE BRANCH

Appointed by the Federal Reserve Bank Thomas J. Hughes President/Chief Executive Officer, Navy Federal Credit Union, 1994 Vienna, Virginia F. Levi Ruark Chairman and President, The National Bank of Cambridge, 1994 Cambridge, Maryland Richard M. Adams Chairman and Chief Executive Officer, United Bankshares, Inc., 1995 Parkersburg, West Virginia Morton I. Rapoport, M.D. President and Chief Executive Officer, University of Maryland 1996 Medical System, Baltimore, Maryland Appointed by the Board of Governors Rebecca Hahn Windsor Chairman and Chief Executive Officer, Hahn Transportation, Inc., 1994 New Market, Maryland Daniel R. Baker President and Chief Executive Officer, Tate Access Floors, Inc., 1995 Jessup, Maryland Michael R. Watson President, Association of Maryland Pilots, Baltimore, Maryland 1996

CHARLOTTE BRANCH

Appointed by the Federal Reserve Bank Dorothy H. Aranda President, Dohara Associates, Inc., Hilton Head Island, South Carolina 1994 Vacancy 1994 David B. Jordan Vice Chairman, Chief Executive Officer, and Director, Security 1995 Capital Bancorp, Salisbury, North Carolina Jim M. Cherry, Jr. President and Chief Executive Officer, Williamsburg First National 1996 Bank, Kingstree, South Carolina

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472 Federal Reserve Bulletin • May 1994

Term expires DISTRICT 5—Continued December 31

Charlotte Branch—Continued

Appointed by the Board of Governors Harold D. Kingsmore President and Chief Operating Officer, Graniteville Company, 1994 Graniteville, South Carolina James O. Roberson President/Chief Executive Officer, Research Triangle Foundation of 1995 North Carolina, Research Triangle Park, North Carolina Dennis Lowery Chief Executive Officer and Chairman, Continental Ltd., 1996 Charlotte, North Carolina

DISTRICT 6—ATLANTA

Class A D. Paul Jones, Jr. Chairman and Chief Executive Officer, Compass Bancshares, Inc. 1994 Birmingham, Alabama W. H. Swain Chairman, First National Bank, Oneida, Tennessee 1995 James B. Williams Chairman and Chief Executive Officer, SunTrust Banks, Inc., 1996 Atlanta, Georgia

Class B Victoria B. Jackson President, DSS/ProDiesel, Nashville, Tennessee 1994 J. Thomas Holton Chairman and President, Sherman International Corporation, 1995 Birmingham, Alabama Andre M. Rubenstein Chairman and Chief Executive Officer, Rubenstein Brothers, Inc., 1996 New Orleans, Louisiana

Class C Hugh M. Brown President and Chief Executive Officer, BAMSI, Inc., 1994 Titusville, Florida Leo Benatar Chairman and President, Engraph, Inc., Atlanta, Georgia 1995 Daniel E. Sweat, Jr. Program Director, The Atlanta Project, Atlanta, Georgia 1996

BIRMINGHAM BRANCH

Appointed by the Federal Reserve Bank Marlin D. Moore, Jr. Chairman, Pritchett-Moore, Inc., Tuscaloosa, Alabama 1994 Columbus Sanders President, Consolidated Industries, Inc., Huntsville, Alabama 1994 J. Stephen Nelson President and Chief Executive Officer, First National Bank, 1995 Brewton, Alabama Julian W. Banton Chairman, President, and Chief Executive Officer, SouthTrust Bank of 1996 Alabama, N.A., Birmingham, Alabama

Appointed by the Board of Governors Shelton E. Allred Chairman, President, and Chief Executive Officer, Frit Incorporated, 1994 Ozark, Alabama Patricia B. Compton President, Patco, Inc., Georgiana, Alabama 1995 Donald E. Boomershine President, Better Business Bureau of Central Alabama, Inc., 1996 Birmingham, Alabama

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Directors of Federal Reserve Banks and Branches 473

Term expires DISTRICT 6—Continued December 31

JACKSONVILLE BRANCH

Appointed by the Federal Reserve Bank Perry M. Dawson President and Chief Executive Officer, Suncoast Schools Federal 1994 Credit Union, Tampa, Florida Arnold A. Heggestad William H. Dial Professor and Director, College of Business 1994 Administration, University of Florida, Gainesville, Florida Royce B. Walden Vice President, Ward Bradford & Company, Orlando, Florida 1995 William G. Smith, Jr. President, Capital City First National Bank, Tallahassee, Florida 1996

Appointed by the Board of Governors Samuel H. Vickers President, Chairman, and Chief Executive Officer, Design Containers, 1994 Inc., Jacksonville, Florida Lana Jane Lewis-Brent President, Paul Brent Designer, Inc., Panama City, Florida 1995 Joan Dial Ruffier General Partner, Sunshine Cafes, Orlando, Florida 1996

MIAMI BRANCH

Appointed by the Federal Reserve Bank Roberto G. Blanco Vice Chairman and Chief Financial Officer, Republic National Bank 1994 of Miami, Miami, Florida E. Anthony Newton President, Island National Bank of Palm Beach, Palm Beach, Florida 1995 Steven C. Shimp President, O-A-K/Florida, Inc., Fort Myers, Florida 1996 Pat L. Tornillo, Jr. Executive Vice President, United Teachers of Dade, Miami, Florida 1996

Appointed by the Board of Governors Dorothy C. Weaver Executive Vice President, Intercap Investments, Inc., 1994 Coral Gables, Florida 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

NASHVILLE BRANCH

Appointed by the Federal Reserve Bank William Baxter Lee III Chairman and President, Southeast Services Corporation, 1994 Knoxville, Tennessee Vacancy 1994 James D. Harris President and Chief Executive Officer, Brentwood National Bank, 1995 Brentwood, Tennessee Williams E. Arant, Jr. President and Chief Executive Officer, First National Bank of 1996 Knoxville, Knoxville, Tennessee

Appointed by the Board of Governors Vacancy 1994 Harold A. Black James F. Smith Jr. Professor of Financial Institutions, College of 1995 Business Administration, University of Tennessee, Knoxville, Tennessee Paula Lovell President, Lovell Communications, Inc., Nashville, Tennessee 1996

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474 Federal Reserve Bulletin • May 1994

Term expires DISTRICT 6—Continued December 31

NEW ORLEANS BRANCH

Appointed by the Federal Reserve Bank Angus R. Cooper Chairman and Chief Executive Officer, Cooper/T. Smith Corporation, 1994 Mobile, Alabama Kay L. Nelson Managing Director, Nelson Capital Corporation, New Orleans, 1994 Louisiana Thomas E. Walker President and Chief Executive Officer, Bank of Forest, 1995 Forest, Mississippi Howard C. Gaines Chairman and Chief Executive Officer, First National Bank of 1996 Commerce, New Orleans, Louisiana

Appointed by the Board of Governors Jo Ann Slaydon President, Slaydon Consultants and Insight Productions and 1994 Advertising, Baton Rouge, Louisiana Lucimarian Tolliver Roberts President, Mississippi Coast Coliseum Commission, 1995 Pass Christian, Mississippi Victor Bussie President, Louisiana AFL-CIO, Baton Rouge, Louisiana 1996

DISTRICT 7—CHICAGO

Class A Stefan S. Anderson Chairman, President, and Chief Executive Officer, First Merchants 1994 Corporation, Muncie, Indiana Arnold C. Schultz Chairman and President, Grundy National Bank, Grundy Center, Iowa 1995 David W. Fox Chairman and Chief Executive Officer, The Northern Trust 1996 Corporation and The Northern Trust Company, Chicago, Illinois

Class B Thomas C. Don- President and Chief Executive Officer, Dorr's Pine Grove Farm Co., 1994 Marcus, Iowa 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

Class C Chairman and Chief Executive Officer, Abbott Laboratories, 1994 Duane L. Burnham Abbott Park, Illinois Chairman and Chief Executive Officer, NICOR Inc., 1995 Richard G. Cline Naperville, Illinois Robert M. Healey President, Chicago Federation of Labor and Industrial Union Council, 1996 AFL-CIO, Chicago, Illinois

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Directors of Federal Reserve Banks and Branches 475

Term expires DISTRICT 7—Continued December 31 DETROIT BRANCH

Appointed by the Federal Reserve Bank Charles R. Weeks President and Chief Executive Officer, Citizens Banking Corporation, 1994 Flint, Michigan Norman F. Rodgers President and Chief Executive Officer, Hillsdale County National 1995 Bank, Hillsdale, Michigan Charles E. Allen President and Chief Executive Officer, Graimark Realty Advisors, 1996 Inc., Detroit, Michigan William E. Odom Chairman, Ford Motor Credit Company, Dearborn, Michigan 1996

Appointed by the Board of Governors John D. Forsyth Executive Director, University of Michigan Hospitals, 1994 Ann Arbor, Michigan J. Michael Moore Chairman and Chief Executive Officer, Invetech Company, 1995 Detroit, Michigan Florine Mark President and Chief Executive Officer, WW Group, 1996 Farmington Hills, Michigan

DISTRICT 8—ST. LOUIS

Class A President and Chief Executive Officer, First National Bank in 1994 Henry G. River, Jr. Pinckneyville, Pinckneyville, Illinois 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 Class B President and Chief Executive Officer, Sanderson Plumbing Products, Sandra B. Sanderson-Chesnut 1994 Inc., Columbus, Mississippi 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 Class C Robert H. Quenon Mining Consultant, St. Louis, Missouri 1994 John F. McDonnell Chairman and Chief Executive Officer, McDonnell Douglas 1995 Corporation, St. Louis, Missouri Veo Peoples, Jr. Partner, Peoples, Hale & Coleman, St. Louis, Missouri 1996

LITTLE ROCK BRANCH

Appointed by the Federal Reserve Bank Barnett Grace Chairman and Chief Executive Officer, First Commercial Bank, N.A., 1994 Little Rock, Arkansas Mark A. Shelton III President, M. A. Shelton Farming Company, Altheimer, Arkansas 1995 James V. Kelley Chairman, President, and Chief Executive Officer, First United 1996 Bancshares, Inc., El Dorado, Arkansas Mahlon A. Martin President, Winthrop Rockefeller Foundation, Little Rock, Arkansas 1996

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476 Federal Reserve Bulletin • May 1994

Term expires DISTRICT 8—Continued December 31

Little Rock Branch—Continued

Appointed by the Board of Governors Robert Daniel Nabholz, Jr. Chief Executive Officer, Nabholz Construction Corporation, 1994 Conway, Arkansas Betta Carney President and Chief Executive Officer, World Wide Travel Service, 1995 Inc., Little Rock, Arkansas Janet M. Jones President, The Janet Jones Company, Little Rock, Arkansas 1996

LOUISVILLE BRANCH

Appointed by the Federal Reserve Bank Thomas E. Spragens, Jr. President, The Farmers National Bank of Lebanon, Kentucky, 1994 Lebanon, Kentucky Malcolm B. Chancey, Jr. Chairman and Chief Executive Officer, Liberty National Bank & Trust 1995 Company of Louisville, Kentucky, Louisville, Kentucky Robert M. Hall Owner, Family Farm, Seymour, Indiana 1996 Charles D. Storms President and Chief Executive Officer, Red Spot Paint and Varnish 1996 Company, Inc., Evansville, Indiana

Appointed by the Board of Governors Laura M. Douglas Legal Director, Louisville and Jefferson County, Metropolitan Sewer 1994 District, Louisville, Kentucky Daniel L. Ash Consultant, Wenz-Neely Company, Louisville, Kentucky 1995 John A. Williams Chairman and Chief Executive Officer, Computer Services, Inc., 1996 Paducah, Kentucky

MEMPHIS BRANCH

Appointed by the Federal Reserve Bank Lewis F. Mallory, Jr. Chairman and Chief Executive Officer, National Bank of Commerce 1994 of Mississippi, Starkville, Mississippi Anthony M. Rampley President, Chief Executive Officer, and Director, Arkansas Glass 1995 Container Corporation, Jonesboro, Arkansas Benjamin W. Rawlins, Jr. Chairman and Chief Executive Officer, Union Planters Corporation, 1996 Memphis, Tennessee Katie S. Winchester President and Director, First Citizens National Bank, 1996 Dyersburg, Tennessee

Appointed by the Board of Governors Sidney Wilson, Jr. Owner, Wilson Automotive Group Inc., Jackson, Tennessee 1994 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

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Directors of Federal Reserve Banks and Branches 115

Term expires DISTRICT 9—MINNEAPOLIS December 31

Class A William W. Strausburg Chairman and Chief Executive Officer, First Bank Montana, NA., 1994 and General Manager, First Bank-Regional Banking Group, Billings, Montana Susanne V. Boxer President and Chief Executive Officer, Houghton National Bank, 1995 Houghton, Michigan Jerry B. Melby President, First National Bank, Bowbells, North Dakota 1996

Class B Duane E. Dingmann President, Trubilt Auto Body, Inc., Eau Claire, Wisconsin 1994 Dennis W. Johnson President, TMI Systems Design Corporation/TMI Transport 1995 Corporation, Dickinson, North Dakota Clarence D. Mortenson President, M/C Professional Associates, Inc., Pierre, South Dakota 1996

Class C Jean D. Kinsey Professor of Consumption and Consumer Economics, Department of 1994 Agricultural and Applied Economics, University of Minnesota, St. Paul, Minnesota Gerald A. Rauenhorst Chairman and Chief Executive Officer, Opus Corporation, 1995 Minneapolis, Minnesota David A. Koch Chairman and Chief Executive Officer, Graco, Inc., 1996 Golden Valley, Minnesota

HELENA BRANCH

Appointed by the Federal Reserve Bank Donald E. Olsson, Jr. Executive Vice President, Ronan State Bank, Ronan, Montana 1994 Nancy M. Stephenson Executive Director, Neighborhood Housing Services, 1994 Great Falls, Montana Ronald D. Scott President and Chief Executive Officer, The First State Bank of Malta, 1995 Malta, Montana

Appointed by the Board of Governors Lane W. Basso President, Deaconess Medical Center of Billings, Inc., Billings, 1994 Montana Matthew J. Quinn President, Carroll College, Helena, Montana 1995

DISTRICT 10—KANSAS CITY

Class A Charles I. Moyer Chairman and Chief Executive Officer, First National Bank of 1994 Phillipsburg, Phillipsburg, Kansas William L. McQuillan President, Chief Executive Officer, and Director, City National Bank, 1995 Greeley, Nebraska Lawrence W. Menefee Chairman and Chief Executive Officer, Union Colony Bank, 1996 Greeley, Colorado

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478 Federal Reserve Bulletin • May 1994

Term expires DISTRICT 10—Continued December 31

Class B Deputy Project Manager, Manufacturing Sciences Corporation, 1994 Frank J. Yaklich, Jr. Denver, Colorado Chairman and Chief Executive Officer, Phillips Petroleum Company, 1995 W. W. Allen Bartlesville, Oklahoma Managing Partner, Davison & Sons Cattle Company, Arnett, 1996 Charles W. Nichols Oklahoma

Class C Burton A. Dole, Jr. Chairman and President, Puritan-Bennett Corporation, 1994 Overland Park, Kansas 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

DENVER BRANCH

Appointed by the Federal Reserve Bank Clifford E. Kirk President and Chief Executive Officer, First National Bank of Gillette, 1994 Gillette, Wyoming Richard I. Ledbetter President and Chief Executive Officer, First National Bank of 1994 Farmington, Farmington, New Mexico Peter I. Wold Partner, Wold Oil & Gas Company, Casper, Wyoming 1995 Peter R. Decker President, Peter R. Decker & Associates, Denver, Colorado 1996

Appointed by the Board of Governors Barbara B. Grogan President, Western Industrial Contractors, Inc., Denver, Colorado 1994 Sandra K. Woods Vice President, Adolph Coors Company, Golden, Colorado 1995 Floyd R. Correa President, Correa Enterprises, Inc., Albuquerque, New Mexico 1996

OKLAHOMA CITY BRANCH

Appointed by the Federal Reserve Bank John Wm. Laisle President and Chief Executive Officer, MidFirst Bank, SSB, 1994 Oklahoma City, Oklahoma C. Kendric Fergeson Chairman and Chief Executive Officer, The National Bank of 1995 Commerce, Altus, Oklahoma Dennis M. Mitchell President, Citizens Bank of Ardmore, Ardmore, Oklahoma 1995 Gordona Duca President/Owner, Gordona Duca, Inc., Realtors, Tulsa, Oklahoma 1996

Appointed by the Board of Governors Victor R. Schock President and Chief Executive Officer, Credit Counseling Centers, 1994 Tulsa, Oklahoma Barry L. Eller Sr. Vice President and General Manager, MerCruiser, Mercury Marine 1995 Business Unit, Division of Brunswick Corp., Stillwater, Oklahoma Ernest L. Holloway President, Langston University, Langston, Oklahoma 1996

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1994

Directors of Federal Reserve Banks and Branches 479

Term expires

DISTRICT 10—Continued December 31

OMAHA BRANCH Appointed by the Federal Reserve Bank Donald A. Leu President and Chief Executive Officer, Consumer Credit Counseling 1994 Service, Omaha, Nebraska Thomas H. Olson Chairman, First National Bank, Sidney, Nebraska 1994 Robert L. Peterson Chairman, President, and Chief Executive Officer, IBP, Inc., 1995 Dakota City, Nebraska

Bruce R. Lauritzen President, First National Bank of Omaha, Omaha, Nebraska 1996

Appointed by the Board of Governors Arthur L. Shoener Executive Vice President-Operations, Union Pacific Railroad, 1994 Omaha, Nebraska Sheila Griffin Special Advisor to the Governor of the State of Nebraska for 1995 International Trade, Lincoln, Nebraska LeRoy W. Thom President, T-L Irrigation Company, Hastings, Nebraska 1996 DISTRICT 11—DALLAS Class A Eugene M. Phillips Chairman and President, The First National Bank of Panhandle, 1994 Panhandle, Texas Vacancy 1995 Gayle M. Earls President and Chief Executive Officer, Texas Independent Bank, 1996 Dallas, Texas

Class B Peyton Yates President, Yates Drilling Company and Executive Vice President, 1994 Yates Petroleum Corporation, Artesia, New Mexico Milton Carroll Chairman and Chief Executive Officer, Instrument Products, Inc., 1995 Houston, Texas J. B. Cooper, Jr. Farmer, Roscoe, Texas 1996

Class C Cece Smith General Partner, Phillips-Smith Specialty Retail Group, Dallas, Texas 1994 Chairman, President, and Chief Executive Officer, Diamond Inc., 1995 Roger R. Hemminghaus San Antonio, Texas Third General Vice President, International Association of Bridge, 1996 James A. Martin Structural and Ornamental Iron Workers, Austin, Texas EL PASO BRANCH

Appointed by the Federal Reserve Bank Hugo Bustamante, Jr. Owner and Chief Executive Officer, ProntoLube, Inc. and CarLube, 1994 Inc., El Paso, Texas Wayne Merritt Chairman and President, Texas National Bank of Midland, 1995 Midland, Texas Veronica K. Callaghan Vice President and Principal, KASCO Ventures, Inc., El Paso, Texas 1996 Ben H. Haines, Jr. President and Chief Operating Officer, First National Bank of 1996 Dona Ana County, Las Cruces, New Mexico

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1994

480 Federal Reserve Bulletin • May 1994

Term expires DISTRICT 11—Continued, December 31

El Paso Branch—Continued

Appointed by the Board of Governors Alvin T. Johnson President, Management Assistance Corporation of America, 1994 El Paso, Texas W. Thomas Beard III President, Leoncita Cattle Company, Alpine, Texas 1995 Patricia Z. Holland-Branch President, PZH Contract Design, Inc., El Paso, Texas 1996 HOUSTON BRANCH

Appointed by the Federal Reserve Bank Tieman H. Dippel, Jr. Chairman and President, Brenham Bancshares, Inc., Brenham, Texas 1994 J. Michael Solar President, Solar & Ellis L.L.P., Houston, Texas 1995 Judith B. Craven President, United Way of the Texas Gulf Coast, Houston, Texas 1996 Walter E. Johnson President and Chief Executive Officer, Southwest Bank of Texas, 1996 Houston, Texas

Appointed by the Board of Governors Isaac H. Kempner III Chairman, Imperial Holly Corporation, Sugar Land, Texas 1994 Judy Ley Allen Partner and Administrator, Allen Investments, Houston, Texas 1995 Robert C. McNair Chairman and Chief Executive Officer, Cogen Technologies, Inc., 1996 Houston, Texas

SAN ANTONIO BRANCH

Appointed by the Federal Reserve Bank T. Jack Moore III Owner and Manager, T. J. Moore Lumber Inc., Ingram, Texas 1994 Gregory W. Crane President and Chief Executive Officer, Broadway National Bank, 1995 San Antonio, Texas Juliet V. Garcia President, University of Texas at Brownsville, Brownsville, Texas 1996 Douglas G. Macdonald President, South Texas National Bank, Laredo, Texas 1996

Appointed by the Board of Governors H. B. Zachry, Jr. Chairman and Chief Executive Officer, H. B. Zachry Company, 1994 San Antonio, Texas Carol L. Thompson Consultant and President, The Thompson Group, Austin, Texas 1995 Erich Wendl President and Chief Executive Officer, Maverick Markets, Inc., 1996 Corpus Christi, Texas

DISTRICT 12—SAN FRANCISCO

Class A William E. B. Siart President, First Interstate Bancorp, Los Angeles, California 1994 Carl J. Schmitt Chairman and Chief Executive Officer, University National Bank & 1995 Trust Company, Palo Alto, California Richard L. Mount Chairman, President, and Chief Executive Officer, Saratoga Bancorp, 1996 Saratoga, California

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1994

Directors of Federal Reserve Banks and Branches 481

Term expires DISTRICT 12—Continued December 31

Class B Chairman, Tooley & Company, Investment Builders, 1994 William L. Tooley Los Angeles, California Former President and Chief Operating Officer, Portland General 1995 E. Kay Stepp Electric Company, Portland, Oregon Chairman and Chief Executive Officer, Albertson's, Inc., Boise, Idaho 1996 Gary G. Michael Class C Judith M. Runstad Partner, Foster Pepper and Shefelman, Seattle, Washington 1994 Cynthia A. Parker Executive Director, Anchorage Neighborhood Housing Services, Inc., 1995 Anchorage, Alaska James A. Vohs Chairman and Chief Executive Officer (Retired), Kaiser Foundation 1996 Health Plan, Inc., and Kaiser Foundation Hospitals, Oakland, California

LOS ANGELES BRANCH

Appointed by the Federal Reserve Bank Antonia Hernandez President and General Counsel, Mexican American Legal Defense and 1994 Educational Fund, Los Angeles, California William S. Randall Chief Executive Officer, Southwest Region, First Interstate Bank, 1994 Phoenix, Arizona 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, Los Angeles, 1996 California

Appointed by the Board of Governors David L. Moore President, Western Growers Association, Newport Beach, California 1994 Anne L. Evans Chairman, Evans Hotels, San Diego, California 1995 Anita Landecker Western Regional Vice President, Local Initiatives Support 1996 Corporation, Los Angeles, California

PORTLAND BRANCH

Appointed by the Federal Reserve Bank Stuart H. Compton Chairman, Pioneer Trust Bank, N.A., Salem, Oregon 1994 Elizabeth K. Johnson President, TransWestern, Inc., Scappoose, Oregon 1995 Gerry B. Cameron Vice Chairman and Chief Executive Officer, U.S. Bancorp, 1996 Portland, Oregon Cecil W. Drinkward President and Chief Executive Officer, Hoffman Construction 1996 Company, Portland, Oregon

Appointed by the Board of Governors William A. Hilliard Editor, The Oregonian, Portland, Oregon 1994 Carol A. Whipple Owner-Manager, Rocking C Ranch, Elkton, Oregon 1995 Ross R. Runkel Professor of Law, Willamette University, Salem, Oregon 1996

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis May 1994

482 Federal Reserve Bulletin • May 1994

Term expires DISTRICT 12—Continued December 31

SALT LAKE CITY BRANCH

Appointed by the Federal Reserve Bank June M. Morris Chief Executive Officer, Morris Air Corporation, Salt Lake City, Utah 1994 Roy C. Nelson President, Bank of Utah, Ogden, Utah 1995 Nancy Mortensen Vice President-Marketing, ZCMI, Salt Lake City, Utah 1996 Daniel R. Nelson Chairman and Chief Executive Officer, West One Bancorp, 1996 Boise, Idaho

Appointed by the Board of Governors Gerald R. Sherratt President, Southern Utah University, Cedar City, Utah 1994 Richard E. Davis President and Chief Executive Officer, Salt Lake Convention & 1995 Visitors Bureau, Salt Lake City, Utah Constance G. Hogland Executive Director, Boise Neighborhood Housing Services, Inc., 1996 Boise, Idaho

SEATTLE BRANCH

Appointed by the Federal Reserve Bank Thomas E. Cleveland Chairman and Chief Executive Officer, Enterprise Bank of Bellevue, 1994 Bellevue, Washington Constance L. Proctor Partner, Alston, Courtnage, MacAulay & Proctor, Seattle, Washington 1995 Tomio Moriguchi President, Uwajimaya, Inc., Seattle, Washington 1996 John V. Rindlaub Chairman and Chief Executive Officer, Seafirst Bank, Seattle, 1996 Washington

Appointed by the Board of Governors William R. Wiley Senior Vice President, Battelle Memorial Institute; Director, 1994 Battelle/Pacific Northwest Division; and Director, U.S. Department of Energy, Pacific Northwest Laboratory, Richland, Washington Emilie A. Adams President and Chief Executive Officer, Better Business Bureau 1995 Foundation, Seattle, Washington George F. Russell, Jr. Chairman, Frank Russell Company, Tacoma, Washington 1996

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