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( Circular No. 3 2 8 5 1
November 14, 19471

Results of Election of Directors

To Member Banks in the Second Federal Reserve District:

The election of directors to succeed
C h a r le s


A dam s,

H arry

H . P ond,



director, and

class B director, whose terms expire December 31, 1947,

has been duly held in accordance with the requirements of section 4 of the
Federal Keserve Act, as amended, and the provisions of circular No. 3264, dated
September 25, 1947.
The results of the election are as follows:
F r e d e r ic


W ord en ,

Chairman of the Board, and President, The National

Bank of Auburn, Auburn, N. Y., was elected by member banks in Group 2 as a
class A director of this bank; and

C h a r le s


A dam s,

Chairman of the Board,

Air Keduction Company, Inc., New York, N. Y., was reelected by member banks
in Group 2 as a class B director of this bank.

Each was chosen for a term of

three years beginning January 1, 1948.

W illia m


M yers,

Deputy Chairman of the Board.

Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102