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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.