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FEDERAL RESERVE BANK OF NEW YORK No. 10213 "I December 15, 1987 J [ Circular Result of Election of Class B Director To the Member Banks o f the Second Federal Reserve District: The election of a class B director for the term ending December 31, 1990, has been duly held in accordance with the requirements of section 4 of the Federal Reserve A ct, as amended, and the provisions of Circular No. 10199, dated October 2 3 , 1987. The result of the election is as follows: J o h n F. W e l c h , J r ., Chairman and Chief Executive Officer of General Electric Company, Fairfield, Conn., was reelected by member banks in Group 3 as a Class B director of this Bank for the three-year term ending December 31, 1990. J o h n R. O p e l , Chairm an o f the B oard.