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F E D E R A L R E SE R V E BANK O F NEW YORK r Circular No. 5072 1 August 18. 19<S1 J I Result of Election of Class B Director For Unexpired Portion o f Term Ending December 31, 1963 To M em ber Banks o f the Second Federal R eserve D istrict: The election o f a class B director o f this Bank for the unexpired portion of the term ending December 31, 1963, to fill the vacancy caused by the resignation from that office o f A u g u stu s C. Long, has been duly held in accordance with the requirements o f section 4 o f the Federal Reserve Act, as amended, and the proviĀ sions o f Circular No. 5051, dated June 27,1961. The result of the election is as follow s: A lb e r t L . N ic k e r s o n , President and Chairman, Executive Committee, Socony Mobil Oil Company, Inc., New York, N. Y., was elected by member banks in Group 3 as a class B director o f this Bank to hold office for the unexpired portion o f the term ending December 31, 1963. P h ilip D. R eed , C h a ir m a n o f th e B o a rd .