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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.