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FEDERAL RESERVE BANK
OF NEW YORK
'Circular No. 1795"1
.November 16, 1937J

Results of Election of Directors

To Member Banks in the Second Federal Reserve

District:

The election of directors to succeed GEORGE W. DAVISON, class A director,
and THOMAS J. WATSON, class B director, whose terms expire December 31, 1937,
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. 1784, dated September 28, 1937.
The results of the election are as follows:
C. POTTER, Chairman of the Board of Directors, Guaranty Trust
Company of New York, New York, N. Y., was elected by member banks in Group
1 as a class A director of this bank; and THOMAS J. WATSON, President, International Business Machines Corporation, New York, N. Y., was re-elected by
member banks in Group 1 as a class B director of this bank. Each was chosen for
a term of three years beginning January 1, 1938.
WILLIAM




OWEN D. YOUNG,

Deputy Chairman of the Board.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102