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FEDERAL RESERVE BANK OF NEW YORK [ Circular No. 9977 December 27, 1985 1 J Result of Election of Class B D irector To the Member Banks of the Second Federal Reserve District: The election of a director to succeed W i l l i a m S. C o o k , class B director, whose term expires on December 31, 1985, has been duly held in accordance with the requirements of section 4 of the Federal Reserve Act, as amended, and the pro visions of Circular No. 9950, dated November 14, 1985. The result of the election is as follows: R i c h a r d L . G e l b , Chairman and Chief Executive Officer, Bristol-Myers Company, New York, N.Y., was elected by member banks in Group 1 as a class B director of this Bank for a term of three years beginning January 1, 1986. Jo h n B r a d e m a s , Chairman o f the Board.