Regional President Speech

PRESS CONFERENCE AND LUNCHEON BUILDING PLANS FOR A NEW FEDERAL RESERVE BANK INDEPENDENCE MALL DEVELOPMENT AREA Majrch 20, 1969 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis PROPOSED SCHEDULE Press Conference and Luncheon Federal Reserve Bank of Philadelphia W hittier Room - 6th floor Thursday - March 20, 1969 11:30 - 12:00 Press and TV set up equipment. 11:45 - 12:15 Mayor Tate w ill meet with Chairman Winn and President Bopp for briefing. 12:15 Press Conference - David C. M elnicoff, Senior Vice President of the Reserve Bank welcomes press and guests and introduces Mayor Tate and others at the Head Table. 12:20 - 12:30 Remarks by Mayor Tate. 12:30 Mr. M elnicoff introduces Karl Bopp. 12:30 - 12:35 B rief remarks by President Bopp. 12:35 Questions 12:45 Luncheon (It is proposed that TV cameras be set up in the W hittier Room to perm it TV coverage of the entire conference. This and the subsequent question and answer session should elim inate the need for personal interview s.) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (*■) PRESS CONFERENCE AND LUNCHEON FEDERAL RESERVE BANK OF PHILADELPHIA W hittier Room, 6th floor Thursday, March 20, 1969 -ÍV\ HEAD TABLE The Honorable James H. J. Tate Mayor of Philadelphia Karl R. Bopp, President W illis J. Winn, Chairman of Board Federal Reserve Bank of Philadelphia Federal Reserve Bank of Philadelphia Robert N. H ilkert, F irst Vice President W illiam L. Day, President Federal Reserve Bank of Philadelphia Old Philadelphia Development Corp. David C. M elnicoff, Sr. Vice President Francis J. Lammer, Executive Director Federal Reserve Bank of Philadelphia Redevelopment Authority Edmund N. Bacon, Executive D irector City Planning Commission GUEST LIST CITY GOVERNMENT REDEVELOPMENT AUTHORITY (contd.) W illiam A. Costello Edward Hennick Edward G. Bauer, Jr. Frank Delahanty Fred T. Corleto Robert Costello CITY COUNCIL LOCAL DEPT. OF HOUSING & URBAN DEVELOPMENT REPRESENTATIVES W illiam A. C ibotti Harry M. Sharrott CITY PLANNING COMMISSION Barry V. Riebman Edward J. McCarron Edward J. M artin Rawland Eng REDEVELOPMENT AUTHORITY REALTORS Mrs. Goldie Hoffman Richard B. Herman W alter D'A lessio Ronald K. Porter Clarence G. A lhart Francis J. Myers PHIL A. 1976 BICENTENNIAL CORP. Joseph T. Turchi Joseph M. Egan, Jr. Robert McLean, III Joseph Leonard Digitized for FRASER Saul Schraga http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - GUEST LIST CONTINUED REPRESENTATIVES - FEDERAL RESERVE BANK INDIVIDUALS Edward A. Aff, Vice President Hugh B arrie, Vice President Chester Brooks Joseph R. Campbell, Sr. Vice President Hon. Edwin 0. Lewis D. Russell Connor, Asst. Vice President Norman G. Dash, Vice President REPRESENTATIVES FROM CHAMBER Ralph E. Haas, Vice President _________ OF COMMERCE___________ H iliary Holloway, Asst. Counsel W illiam A. James, Vice President Joseph P. Bracken James V. Vergari, Sr. Vice President & General Counsel Saauel J. Culbert, Bank Services O fficer George C. Haag, Public Information O fficer MEDIA G. W illiam Metz, Vice President & General Auditor Frank Tooke - KYW-TV Adam Arnold, Dept. Head, Building William F. Staats, Sec. and Senior Eco. Nelson Cohen, KYW-RADIO DIRECTORS - FEDERAL RESERVE BANK Norman Faston, WCAU-TV Lyle H. Duffey Oscar B. T eller - P hila. Inquirer Bayard L. England Philip Hi C latfoltor» III Daniel 0*Leary - B ulletin Robert D. Y arnall, Jr. Ray Wise - Daily News MEMBER OF FEDERAL ADVISORY COUNCIL Oliver Bunting or Robert Brown George H. Brown Eastern Banker Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis F ed er al r eser v e Bank o f Ph ilad elph ia Philadelphia, Pennsylvania 19101 FROM: Federal Reserve Äank of Philadelphia 10th and Chestnut Streets Philadelphia, Pennsylvania 19101 CONTACT: George C. Haag WAlnut 2-5900. Ext. 420 PRESS CONFERENCE - LUNCHEON MEMO IP NEWS AND «PICTURE DESKS — RADIO AND NEWS SUBJECT: Announcement of plans for the redevelopment Of a major parcel of the Independence Mall Redevelopilimt Area by the Federal Reserve Bank of Philadelphia. TIME: 12 noon, Thursday, March 20, 1969 PLACE: W hittier Rooib, 6th floor, Federal Reserve Bank of Philadelphia, 10th and Chestnut S treets, Philadelphia, Pennsylvania. PRINCIPALS Mayor Jam^s H. J. Tate; W illis J. Winn, Chairman of the Philadelphia Reserve Bank's Board of D irectors; Karl R. Bopp, President of the Federal Reserve Bank of Philadelphia and Gustave Amsterdam, Chairman, Redevelopment A uthority. NOTE: Luncheon w ill follow the press conference. The entire program w ill not exceed one hour and th irty m inutes. Please respond by phone if you plan to attend. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis GSSV® FEDERAL RESERVE BANK of PHILADELPHIA PHILADELPHIA, PA. 19101 DEPARTMENT of PUBLIC INFORMATION BHQ/ÄV 2 PHONE: 215 - WAlnut 2-5900, Ext. 420 ILEASE RELEASE MARCH 20, 1969 RESERVE BANK PLANS MOVE Mayor James U. J. Tate.announced today that the Federal Reserve Bank of Philadelphia, presently located at 10th and Chestnut Streets, w ill construct a new headquarters on a three acre site located on the najrth side of Arch Street between 6th and 7th S treets, facing Independence Mall. The building w ill be a m ulti-m illion dollar development comprising office, banking, and high security vault fa c ilitie s. The size w ill probably exceed a to tal of 600,000 square feet of space. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis RESERVE BANK PLANS MOVE....page 2 Karl R. Bopp, president of the Reserve Bank stated that the Bank Is pleased to be a part of Philadelphia's urban renewal program. Independence Mall, he said, is an ideal location for Federal Reserve headquarters, perm itting easy access to the business and banking community, while providing a symbolic link with the nation's monetary history. He thanked the Redevelopment Authority of the City of Philadelphia, the Old Philadelphia Development Corporation and the City Planning Commission for their assistance and cooperation in making the redevelop­ ment project possible. The Federal Reserve Bank w ill join the growing lis t of major corporations and government agencies which have decided to locate in Independence Mall, including Rohm and Haas, KYW-TV, the Continental Insurance Companies, Federal Court House and Office Complex and the United States Mint. David C. M elnicoff, senior vice president of the Bank and chairman of its building committee said that the Bank is now in the process of selecting an architect for the design of the structure. 1971 is the target date for the beginning of construction. # # # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Karl R. Bopp (1969, March 19). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19690320_karl_r_bopp

@misc{wtfs_regional_speeche_19690320_karl_r_bopp,
  author = {Karl R. Bopp},
  title = {Regional President Speech},
  year = {1969},
  month = {Mar},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19690320_karl_r_bopp},
  note = {Retrieved via When the Fed Speaks corpus}
}