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FED ER AL RESERVE BANK O F N EW YORK [ Circular No. 8 3 2 April 19, 1978 3*1 J Result of Election of Class A Director For Unexpired Portion of Term Ending December 31, 1978 To the Member Banks of the Second Federal Reserve District: The election of a class A director of this Bank for the unexpired portion of the term ending December 31, 1978, to fill the vacancy caused by the resigna tion from that office of H arry J. T aw , 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. 8282, dated February 23, 1978. The result of the election is as follows: James W helden , President, Balls ton Spa National Bank, Ballston Spa, N. Y., was elected by member banks in Group 3 as a class A director of this Bank to hold office for the unexpired portion of the term ending December 31, 1978. R obert H. K night , Chairman of the Board.