Banque du Liban
Posing as a consensus candidate, Frangieh drew support from both the right and the left and from all religious factions; his election was a backlash to the administrations of Presidents of Fuad Chehab (1958–1964) and Charles Helou (1964–1970) and the "Deuxième Bureau" () run by the preceding two administrations of Chehab and Helou, as the opposing candidate Elias Sarkis who was head of the Banque du Liban (Central Bank of Lebanon) was widely seen as a continuation of the earlier Chehabi regime.