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F E D E R A L R E S E R V E BANK O F NEW YO RK rCircular No. 6 6 4 9 "1 U December 2, 1970 J Results of Election of Directors To the Member Banks of the Second Federal Reserve District; The election of directors to succeed R. E . M cN eill , Jr., class A director, and W. D. E berle, class B director, whose terms expire December 31, 1970, has been duly held in accordance with the requirements of section 4 of the Federal Reserve Act, as amended, and the provisions of Circular No. 6613, dated October 7, 1970. The results of the election are as follows: W illiam S. R enchard , Chairman of the Board, Chemical Bank, New York, N. Y., was elected by member banks in Group 1 as a class A director of this Bank; and W . D. E berle, President and Chief Executive Officer, American Standard Inc., 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 Ja n uary 1,1971. A lbert L. N ickerson , Chairman of the Board.