Circular
Result of Election of Class B Director
March 12, 1998
Circular No. 11032

For Unexpired Portion of Term Ending December 31, 1998

To the Member Banks of the Second Federal Reserve District:

The election of a class B director of this Bank for the unexpired portion of the term ending December 31, 1998, has been duly held in accordance with the requirements of section 4 of the Federal Reserve Act, as amended, and the provisions of Circular No. 11021, dated January 26, 1998.

The result of the election is as follows:

Ronay Menschel, President, Phipps Houses, New York, N.Y., was elected by member banks in Group 2 as a class B director of this Bank to hold office for the unexpired portion of the term ending December 31, 1998.