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FEDERAL RESERVE BANK OF NEW YORK 'Circular No. 1071*1 .November 16, 1931J Results of Election of Directors To Member Banks in the Second Federal Reserve District: The election of directors to succeed CHAELES E. MITCHELL, Class A director, and WILLIAM H.WooDiisr, Class B director, whose terms expire December 31,1931, has been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act and the provisions of Circular No. 1059 dated October 1,1931. The results of the election are as follows: H. WIGGIN, Chairman, Governing Board, The Chase National Bank of the City of New York, was elected by member banks in Group 1 as a Class A director of this bank, to succeed CHARLES E. MITCHELL; and WILLIAM H.WOODIX, President, American Car & Foundry Company, New York, was re-elected by member banks in Group 1 as a Class B director of this bank. Each was chosen for a term of three years beginning January 1, 1932. ALBERT J. H. CASE, Chairman of the Board.