Chase's Labrecque Named a 'Class A' Director by Fed
NEW YORK -- The Federal Reserve Bank of New York has named Thomas G. Labrecque of Chase Manhattan Bank a class A director, representing member banks with capital and surplus of more than $400 million.
Mr. Labrecque, chairman and chief executive officer of New York-based Chase and its holding company, Chase Manhattan Corp., will serve a three-year term expiring Dec. 31, 1994. He was unopposed in the voting by banks in the second Federal Reserve district.
He takes the Class A seat held since February 1988 by John F. McGillicuddy, chairman and chief executive officer of Manufacturers Hanover Corp., New York.
The New York Fed's other Class A directors are Victor J. Riley, chairman of KeyCorp of Albany, N.Y., and J. Kirby Fowler, president and chief executive officer, Flemington (N.J.) National Bank and Trust Co.
Career at Chase
Mr. Labrecque, 53, has been chairman of the nation's fourth-largest banking company since October 1990. He was president from 1981 to 1990.
He joined Chase in 1964, became a vice president in 1969, senior vice president in 1971, executive vice president in 1974, and vice chairman responsible for commercial banking, retail banking, operations, and corporate systems in 1980. …