Election of Directors

Transcription

1 FEDERL RESERVE NK OF October 1, 015 Election of Directors (y member banks classified in Group 1 on ugust 1, 015, that is, member banks with capital and surplus of more than $1 billion, on that date) To the Member anks of the Second Federal Reserve District classified in Group 1: In accordance with section 4 of the Federal Reserve ct, as amended, and the circular dated September 9, 015, on the nomination of a lass director and a lass director of this ank for the term of office ending December 1, 018, there is shown on the following pages the names of the candidates nominated for such offices, and by whom nominated. To each member bank classified in Group 1 on ugust 1, 015, the following are being sent with this circular: (a) allot for use in voting for a lass and a lass director. (b) Pink ballot envelope in which the ballot is to be sealed. (c) ertificate envelope bearing on its face the certificate in regard to the vote. (d) ddressed envelope in which the foregoing should be returned to me. The ballot and the certificate on the certificate envelope must be executed by an officer who has been authorized to cast the vote. list of the officers designated for this purpose by the member banks in Group 1 was contained in the above-mentioned circular dated September 9, 015; the list is also contained herein. In order that the ballot may be secret, the name of the bank and the name and title of the voting officer should not be written on the ballot, but should be written only on the certificate envelope. (1) The ballot should be marked. () The marked ballot should be placed in the pink ballot envelope and that envelope sealed. () Then the sealed pink ballot envelope should be placed within the certificate envelope, and the certificate envelope should be sealed and the certificate thereon executed. (4) Then the certificate envelope containing the sealed pink ballot envelope should be returned to me in the enclosed self-addressed envelope. The law provides that the ballot shall be cast within 15 days after receipt of the list of candidates transmitted herewith. The polls will open at 10 a.m., Wednesday, October 14, 015 and will close at 1 noon on Thursday, October 9, 015 and, in order to be counted as valid, the ballot must be received at or before the latter time. Upon the closing of the polls, the ballot box will be opened, the votes counted and checked by tellers, and the results of the election announced. The candidates may, if they so desire, be present or represented on this occasion. EMILY K. RFFERTY, hair of the oard

2 andidate for lass Director JMES P. GORMN hairman and hief Executive Officer Morgan Stanley New York, New York JMES P. GORMN, 57, has been nominated to succeed Richard L. arrión as lass, Group 1 director. Mr. Gorman is hairman and EO of Morgan Stanley. He became EO in January 010 and hairman in January 01. He previously served as o-president of Morgan Stanley and joined the firm in February 006 as President and hief Operating Officer of the Global Wealth Management Group. efore joining Morgan Stanley, Mr. Gorman held a succession of executive positions at Merrill Lynch. Prior to this he was a senior partner of McKinsey & o. and began his career as an attorney in Melbourne, ustralia. mong his civic activities, Mr. Gorman serves as President of the Federal dvisory ouncil to the U.S. Federal Reserve oard and as o-hairman of the Partnership for New York ity. He is also a member of the ouncil on Foreign Relations, the oard of Overseers of the olumbia usiness School, the Monetary uthority of Singapore International dvisory Panel, the Financial Services Forum, and the oard of the Institute of International Finance. He formerly co-chaired the usiness ommittee of the Metropolitan Museum of rt and was on the oard of the Securities Industry and Financial Markets ssociation in Washington, D.., serving as hairman in 006. Mr. Gorman, who was born in ustralia, earned a.. and law degree from the University of Melbourne and an M... from olumbia University. Nominated by the following members bank in Group 1 Wayne uffalo Manhattan Morgan Stanley Private ank, N.. Puerto Rico San Juan anco Popular de Puerto Rico

3 andidate for lass Director GLENN H. HUTHINS o-founder Silver Lake New York, New York Glenn H. Hutchins has been nominated to serve a second term as lass, Group director. Mr. Hutchins is a co-founder of Silver Lake, the global leader in technology investing. He is chairman of the board of SunGard Data Systems, Inc. as well as a director of both T&T and NSDQ OMX. He is a director of the Federal Reserve ank of New York; vice chairman of both the rookings Institution and the Economic lub of New York; and a member of the Executive ommittee of the New York Presbyterian Hospital. He is an owner and member of the Executive ommittee of the oston eltics basketball team. Mr. Hutchins is a director of the Harvard Management ompany, which is responsible for the Harvard University endowment, and co-chairman of the University s capital campaign. He is also a board member of the enter for merican Progress as well as a Fellow of the merican cademy of rts and Sciences. Previously, Mr. Hutchins served President linton in both the transition and the White House as a special advisor on economic and health-care policy. Mr. Hutchins and his wife, Debbie, founded the Hutchins Family Foundation which, among other projects, has created the Hutchins enter for frican and frican-merican Research at Harvard University, which is chaired by Mr. Hutchins; the Hutchins enter on Fiscal and Monetary Policy at The rookings Institution; and the hronic Fatigue Initiative, which conducts basic research into the cause of chronic fatigue syndrome. Mr. Hutchins holds an.. from Harvard ollege, an M... from Harvard usiness School, and a J.D. from Harvard Law School. Nominated by the following member banks in Group 1 Wayne uffalo Puerto Rico San Juan anco Popular de Puerto Rico

4 Election of Directors For Terms of Office Ending December 1, 018 List of the 16 Member anks in Group 1 (Group 1 consists of member banks with capital and surplus of more than $1 billion, as of ugust 1, 015) ONNETIUT Officers uthorized to ast Vote ridgeport People s United ank, N.. President or any Vice President Officers uthorized to ast Vote Wayne President, any Vice President, or ashier Officers uthorized to ast Vote uffalo First Niagara ank, N.. hairman of the oard, hief Executive Officer, or President HS ank US hairman of the oard, President, or Secretary hief Executive Officer, any Vice President, or Secretary ITY Officers uthorized to ast Vote Manhattan anco Popular North merica President, any Senior Executive Vice President, any Executive Vice President, or any Senior Vice President The ank of New York Mellon itibank, N.. Deutsche ank Trust o. mericas Goldman Sachs ank US JPMorgan hase ank, N.. Mizuho orporate ank (US) Morgan Stanley ank, N. Morgan Stanley Private ank, N.. Sterling National ank hairman of the oard, President, Senior Executive Vice President, or any Executive Vice President hief Executive Officer, hief Operating Officer, hief Financial Officer, hief Risk Officer, or General ounsel hairman of the oard, Vice hairman, any Executive Vice President, any Managing Director, any Senior Vice President, or Secretary hief Executive Officer, hief of Staff, General ounsel, or Secretary hairman of the oard, hief Executive Officer, General ounsel, or Secretary hairman, President, or any Executive Vice President hief Executive Officer, President, hief Operating Officer, hief Financial Officer, Treasurer, General ounsel, or Secretary hief Executive Officer, President, hief Operating Officer, General ounsel, or Secretary hairman, President, any Vice President, or ashier PUERTO RIO Officers uthorized to ast Vote San Juan anco Popular de Puerto Rico hairman of the oard, hief Executive Officer, President, or any Executive Vice President 4

5 DIRETORS OF THE FEDERL RESERVE NK OF Elected by anks in Group Name and Occupation lass Term Expires Dec. 1 1 Richard L. arrión Popular, Inc. San Juan, PR 015 Gerald H. Lipkin Wayne, NJ 016 Paul P. Mello President and hief Executive Officer Solvay ank Solvay, NY 1 Glenn H. Hutchins o-founder Silver Lake 015 David M. ote hairman and hief Executive Officer Honeywell International, Inc. Morrostown, NJ 016 Terry J. Lundgren Macy's, Inc. ppointed by the oard of Governors of the Federal Reserve System Emily K. Rafferty (hair) President Emerita The Metropolitan Museum of rt Sara Horowitz (Deputy hair) Executive Director Freelancers Union rooklyn, NY Marc Tessier-Lavigne President Rockefeller University