Paid U.S. Treasury (interest on Federal Reserve notes). Transferred to surplus...-- 2, 820, 300 3, 696, 500 FEDERAL RESERVE BANK OF CLEVELAND DIRECTORS, 1964 Chairman: Joseph B. Hall, chairman of the board, the Kroger Co., Cincinnati, Ohio. Deputy Chairman: Logan T. Johnston, president, Armco Steel Corp., Middletown, Ohio. Frank E. Agnew, Jr., chairman of the board and chief executive officer, Pittsburgh National Bank, Pittsburgh, Pa. Walter K. Bailey, chairman of the board, the Warner & Swasey Co., Cleveland, Ohio. Albert G. Clay, president, Clay Tobacco Co., Mount Sterling, Ky. Richard R. Hollington, president, the Ohio Bank & Savings Co., Findlay, Ohio. David A. Meeker, chairman of the board and chief executive officer, the Hobart Manufacturing Co., Troy, Ohio. C. N. Sutton, president, the Richland Trust Co., Mansfield, Ohio. Edwin J. Thomas, chairman of the board and chief executive officer, the Goodyear Tire & Rubber Co., Akron, Ohio. W. Braddock Hickman, president. OFFICERS, 1964 Donald S. Thompson, first vice president. Roger R. Clouse, vice president and secretary. Edward A. Fink, vice president. Elmer F. Fricek, vice president. Clyde Harrell, vice president. Fred S. Kelly, vice president and cashier. Fred O. Kiel, vice president. Maurice Mann, vice president. Clifford G. Miller, vice president. Martin Morrison, vice president. Paul C. Stetzelberger, vice president. Elfer B. Miller, general auditor. Paul Breidenbach, counsel. Phillip B. Didham, assistant vice president. R. Joseph Ginnane, assistant cashier. MEMBER, FEDERAL ADVISORY COUNCIL Leland A. Stoner, president, the Ohio National Bank of Columbus, Columbus, Ohio. CINCINNATI BRANCH DIRECTORS, 1964 Chairman: Howard E. Whitaker, chairman of the board, the Mead Corp., Dayton, Ohio. G. Carlton Hill, chairman of the board, the Fifth Third Union Trust Co., Oincinnati, Ohio. John W. Humphrey, president, the Philip Carey Manufacturing Co., Cincinnati, Ohio. Walter C. Langsam, president, University of Cincinnati, Cincinnati, Ohio. James B. Pugh, president, the Security Central National Bank of Portsmouth, Portsmouth, Ohio. Barney A. Tucker, president, Burley-Belt Fertilizer Co., Lexington, Ky. John W. Woods, Jr., president, the Third National Bank of Ashland, Ashland, Ky. Fred O. Kiel, vice president. Phil J. Geers, cashier. OFFICERS, 1964 John Biermann, Jr., assistant cashier. Walter H. MacDonald, assistant cashier. PITTSBURGH BRANCH DIRECTORS, 1964 Chairman: William A. Steele, chairman of the board and president, Wheeling Steel Corp., Wheeling, W. Va. J. S. Armstrong, president and trust officer, the Grove City National Bank, Grove City, Pa. G. L. Bach, Maurice Falk professor of economics and social science, Carnegie Institute of Technology, Pittsburgh, Pa. F. L. Byrom, president, Koppers Co., Inc., Pittsburgh, Pa. S. L. Drumm, president, West Penn Power Co., Greensburg, Pa. James B. Grieves, president, Commonwealth Bank & Trust Co., Pittsburgh, Pa. Alfred H. Owens, president, the Citizens National Bank of New Castle, New Castle, Pa. Clyde Harrell, vice president. John A. Schmidt, cashier. OFFICERS, 1964 J. Robert Aufderheide, assistant cashier. Paul H. Dorn, assistant cashier. Charles E. Houpt, assistant cashier. Roy J. Steinbrink, assistant cashier. Statement of condition of the Federal Reserve Bank of Cleveland at the close of business, Dec. 31, 1963 Ratio of gold certificate reserves to deposit and Federal Reserve note liabilities combined____. --percent- 29.6 Contingent liability on acceptances purchased for foreign correspondents____ 8, 547 FEDERAL RESERVE NOTE STATEMENT Federal Reserve Bank of Cleveland at the close of business Dec. 31, 1963 [In thousands of dollars] Federal Reserve notes: Issued to Federal Reserve bank by Federal Reserve agent and outstanding-- Less held by issuing bank, and forwarded for redemption. Collateral held by Federal Reserve agent for notes issued to bank: Gold certificate account___ Eligible paper--- U.S. Government securities--- Total collateral_ 2,991, 515 179, 583 2,811, 932 610, 000 2, 450, 000 3,060, 000 Includes Federal Reserve notes held by U.S. Treasury and by Federal Reserve banks other than the issuing bank. |