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F E D E R A L R E S E R V E BANK
O F N EW Y O R K

/"Circular N o. 3 9 1 7 1
LNovem ber 14, 1952 J

Results of Election of Directors

To Member Banks in the Second Federal Reserve D istrict:

The election of directors to succeed
C la r e n c e F r a n c is ,

J oh n C. T raphagen ,

class A director, and

class B director, whose terms expire December 31, 1952, 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. 3900, dated
September 25, 1952.
The results of the election are as follow s:
W.

R a n d o lp h B u rg e s s ,

Chairman of the Executive Committee, The National

City Bank of New York, New York, N. Y ., was elected by member banks in
Group 1 as a class A director o f this Bank; and

C la r e n c e

F r a n c is ,

Chairman

of the Board, General Foods Corporation, New York, N. Y ., was reelected 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, 1953.




R

obert

T . Stevens,

Chairman o f the B oard.