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FED ER AL RESERVE BANK O F NEW YORK r Circular No. 7 7 8 0 "| L December 23, 1975 J Results of Election of Directors To the Member Banks of the Second Federal Reserve D istrict: The election of directors to succeed N e w m a n E. W a i t , J r . , class A director, and J a c k B. J a c k s o n , class B director, whose terms expire December 31, 1975, 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. 7747, dated November 6, 1975. The results of the election are as follows: J. T a w , President, First National Bank of Cortland, Cortland, was elected by member banks in Group 3 as a class A director of this and J a c k B. J a c k s o n , President, J. C. Penney Co., Inc., N ew York, was reelected by member banks in Group 3 as a class B director of this Each was chosen for a term of three years beginning January 1, 1976. H arry N. Y., Bank; N. Y., Bank. R o sw e ll L. G i l p a t r i c , Chairm an o f the Board.