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FEDERAL RESERVE BAHK OF MEW YORK [ Circular No. 10225 1 January 27, 1988 j Member of Federal Advisory Council To the Member Banks of the Second Federal Reserve District: The Board o f Directors of this Bank has selected W illard C. B utcher , Chairm an o f the B oard, The Chase M anhattan Bank (National A ssociation), New York, N .Y ., and T homas G. L abrecque , President of that bank, to serve during the year 1988 as the m em ber and alternate m em ber, respectively, o f the Federal Advisory Council from the Second Federal Reserve District. Mr. Butcher succeeds John F. M cG illicuddy , Chairm an o f the Board, M anufacturers H anover Trust Com pany, New Y ork, N. Y ., who was this D istrict’s m em ber o f the Council during 1986 and 1987. Mr. M cGillicuddy has been nom i nated as a Class A director o f this Bank. E. G erald C orrigan , President.