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FE D E RA L RESER VE BANK O F NEW YORK /"Circular No. 4 1 8 3 1 LNovember 1 6 ,1964J Results of Election of Directors T o M em ber Banks in th e Second F ederal R eserve D istrict: The election o f directors to succeed F. P almer A rmstrong, class A director, and J ohn E. B ierwirth , class B director, whose terms expire December 31, 1954, has been duly held in accordance with the requirements o f section 4 o f the Federal Reserve Act, as amended, and the provisions of Circular No. 4148, dated September 24,1954. The results o f the election are as follow s: F erd. I. C ollins, President and Trust Officer, Bound Brook Trust Company, Bound Brook, N. J., was elected by member banks in Group 3 as a class A director o f this Bank; and J ohn E. B ierwirth , President, National Distillers Products Corporation, New York, N. Y., was reelected by member banks in Group 3 as a class B director o f this Bank. Each was chosen fo r a term o f three years beginning January 1, 1955. Jay E. C rane , Chairman o f the Board.