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FEDERAL RESERVE BANK
OF NEW YORK

[Circular No. 507
[December 4, 1922

Results of Election of Directors
To all Member Banks in the Second Federal Reserve District:

The election by member banks of Group 1, Second Federal Reserve District,
of two directors of the Federal Reserve Bank of New York, has resulted in the choice
of Mr. Gates W. McGarrah, of New York, N. Y., as a Class A director, and Mr.
Owen D. Young, of New York, N. Y., as a Class B director, each for a term of
three years from January 1, 1923.
The total number of votes cast for each candidate is as follows:
Class A Director

Class B Director

GATES W. MCGARRAH,

.63

OWEN D. YOUNG,

63

Total number of votes cast

63

Total number of votes cast

63




Very truly yours,
PIERRE JAY,

Chairman