|
|
Article: BANK OF NY'S BACOT, CON EDISON'S MCGRATH ELECTED DIRECTORS OF NEW YORK FEDERAL RESERVE BANK
- Article from:
- PR Newswire
- Article date:
- January 4, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK, Jan. 4 /PRNewswire/ -- J. Carter Bacot, chairman and chief executive officer of The Bank of New York and its holding company, Bank of New York Company, Inc. (NYSE: BK), and Eugene R. McGrath, chairman and chief executive officer of Consolidated Edison Company of New York, Inc. (NYSE: ED), were elected directors of the Federal Reserve Bank of New York.
They were chosen by the largest member banks in the Second Federal Reserve District, those with capital and surplus of more than $1 billion. Their terms of three years will run through December 31, 1997. Both ran unopposed in the balloting, which closed January 4.
Mr. Bacot succeeds Thomas ...