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FEDERAL RESERVE BANK
OF NEW YORK

r Circular

L

No. 8 9 9 0 "1
January 5, 1981

J

Board of Directors
To the Member Banks of the Second Federal Reserve District:

The Board of Governors of the Federal Reserve System has
reappointed Robert H. Knight a class C director of this Bank for the
three-year term ending December 31, 1983, and has designated him
Chairman of the Board and Federal Reserve Agent for the year 1981.
Mr. Knight is a partner in the New York law firm of Shearman &
Sterling. H e has been serving as a class C director since February
1976 and as Chairman and Federal Reserve Agent since January 1978;
he also served as Deputy Chairman in 1976 and 1977.
The Board of Governors has reappointed Boris Yavitz as Deputy
Chairman for the year 1981. Dr. Yavitz is Dean of the Graduate School
of Business at Columbia University. He has been serving as a class C
director since June 1977 and as Deputy Chairman since January 1978.




Anthony M . Solomon,
P resid en t.