John S. Reed, chairman and chief executive officer of Citicorp and Citibank, N.A., will deliver the Hatfield Address on "Global Financial Services in the New Millennium" Thursday, Oct. 1, at 4:30 p.m. in Schwartz Auditorium of Rockefeller Hall on the Cornell University campus.

Cornell President Hunter Rawlings will introduce Reed. The lecture is free and open to the public.

Reed is the 1998 Robert S. Hatfield Fellow in Economic Education, the highest honor Cornell bestows on outstanding individuals from the corporate sector.

The capstone of Reed's 34-year Citicorp career is the pending merger of his company with Sanford I. Weill's Travelers Group, resulting in the new Citigroup Inc., which is set to rank in the top 15 of the Fortune 500 and to be considered the world's pre-eminent consumer and corporate financial services company. In addition to its $700 billion in assets, the company will produce $50 billion in revenue, have a market value of nearly $160 billion and serve 100 million customers.

Reed has been chairman and CEO of Citicorp and its principal subsidiary, Citibank, since September 1984, when he became Citicorp's youngest CEO. After joining the company in 1965, he was instrumental in designing the bank's internal management information system and in transforming operations from a set of clerical functions to a processing factory through development of systems that laid the foundation for Citibank's leadership in automated corporate and consumer banking services. In 1968, he was elected senior vice president, the youngest in the corporation's history, and in 1970, executive vice president. He then served as the Citibank's senior executive vice president and vice chairman and director, before his current position.

Reed is known for banking innovations, such as promoting the national marketing of credit cards, making ATMs omnipresent worldwide, extending Citibank's credit card and consumer banking expertise to emerging Asian and Latin American markets for greater business growth and expanding Citibank's global presence by establishing offices in 100 countries and territories -- giving it the broadest footprint of any financial institution.

When the pending mega-merger goes through, Reed will become a co-CEO, with Weill, of a corporation whose companies will include Citibank, Salomon Smith Barney, Travelers, Primerica Financial Services and Commercial Credit. Weill is a Cornell emeritus trustee and the chairman of the board of overseers of the Joan and Sanford I. Weill Medical College and Graduate School of Medical Sciences at Cornell.

Reed's visit to Cornell is supported by the Hatfield Fund for Economic Education, which was established at Cornell in 1981 by the Continental Group Foundation to honor retiring Continental Chairman Robert S. Hatfield. Hatfield plans to attend this year's Hatfield Fellow Program.

Prior to his 4:30 p.m. address, Reed will participate in classroom sessions in undergraduate economics and business policy and in MBA financial markets and institutions; he also will participate in a faculty roundtable, tour Sage Hall, the new home of Cornell's Johnson Graduate School of Management, and lunch with Park Foundation MBA Fellows. In the evening, he will be honored at a Hatfield President reception and dinner hosted by President Rawlings and Elizabeth Trapnell Rawlings. Robert J. Swieringa, the Anne and Elmer Lindseth Dean of the Johnson Graduate School of Management, will welcome guests. This year the Hatfield event marks the beginning of the Sage Hall dedication.