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FEDERAL RESERVE BANK
OF N EW YORK

Circular No. 9 2 3 1 "1
January 14, 1982 J

Result of Election of Class A Director

To the Member Banks of the Second Federal Reserve District:

The election of a director to succeed James W helden , class A
director, whose term expired on December 31,1981, 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. 9199, dated
December 1, 1981.
The result of the election is as follows:
R obert A. R ough, President, The National Rank of Sussex County,
Branchville, N. J., was elected by member banks in Group 3 as a
class A director of this Bank for the term of office ending DecemĀ­
ber 31, 1984.




R obert H. Knight ,

Chairman of the Board.