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FED ERAL RESERVE BANK O F NEW YORK rCircular N o. 3 6 9 8 1 L M ay 4. 1951 J Result of Election of Class B Director Term Ending December 31, 1952 To Member Banks in the Second Federal Reserve District: The election o f a director o f this Bank for the term of office ending December 31, 1952, to fill the vacancy caused by the death o f L e w is H. B row n as a class B director, has been duly held in accordance with the requirements o f section 4 of the Federal Reserve Act, as amended, and the provisions o f Circular No. 3672, dated March 16,1951. The result o f the election is as follow s: C la r e n c e F r a n c is , Chairman of the Board, General Foods Corporation, New York, N. Y., was elected by member banks in Group 1 as a class B director o f this Bank to hold office for the unexpired term ending December 31, 1952. R ob ert T. S tev en s, Chairman o f the Board.