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FEDERAL RESERVE B A *
OF MEW YORIC

[

Circular No. 1§227 "|
February 12, 1988

Resell of Election of Class A Director
For Unexpired Portion of Term Ending December 31, 1988

To the Member Banks o f the
Second Federal Reserve District:

The election of a class A director of this Bank for the unexpired portion of the
term ending December 31,1988, has been duly held in accordance with the require­
ments of section 4 of the Federal Reserve Act, as amended, and the provisions of
Circular No. 10215, dated December 23, 1987.
The result of the election is as follows:
John F. M c G il l ic u d d y , Chairman and Chief Executive Officer of
Manufacturers Hanover Trust Company, New York, N. Y., was elected by member
banks in Group 1 as a class A director of this Bank to hold office for the unexpired
portion of the term ending December 31, 1988.

John R. O pel ,

Chairman of the Board.