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F E D E R A L RESERVE B A N K O F N E W YORK ["Circular No. 423] [December 5, 1921.J Results of Election of Directors To all Member Banks in the Second Federal Reserve District: The election by member banks of Group 3, Second Federal Reserve District, of two directors of the Federal Reserve Bank of New York has resulted in the choice of Mr. Charles Smith, of Oneonta, N . Y., as a Class A director, and Mr. Frank L. Stevens, of North Hoosick, N . Y., as a Class B director, each for a term of three years from January 1, 1922. T h e total number of votes cast for each candidate is as follows: Class A Director Class B Director CHARLES SMITH 327 F R A N K L. Total number of votes cast 327 Total number of votes cast STEVENS, 327 327 Very truly yours, PIERRE JAY, Chairman