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FED ER AL RESERVE BANK O F N EW YORK r C ircu la r N o . 7 2 1 0 1 U A u g u s t IS , 1 9 73 J Result of Election of Class B Director For Unexpired Portion of Term Ending December 31, 1974 To the Member Banks of the Second Federal Reserve District: The election o f a class B director of this Bank for the unexpired portion o f the term ending December 31, 1974, to fill the vacancy caused by the resigna tion from that office o f F r a n k R. M i l l i k e n to accept appointment as a class C director, has been duly held in accordance with the requirements o f section 4 o f the Federal Reserve Act, as amended, and the provisions o f Circular No. 7179, dated July 9, 1973. The result o f the election is as follow s: President, Union Carbide Corporation, New York, N. Y ., was elected by member banks in Group 2 as a class B director o f this Bank to hold office for the unexpired portion o f the term ending December 31, 1974. W illia m S. S n e a t h , R o s w e l l L. G i l p a t r i c , Chairman o f the Board.