To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

An election will be held under the provisions of section 4 of the Federal Reserve Act, as amended, to choose a successor, to serve for a three-year term, to the following director of this Bank whose term will expire December 31, 2004: class A director, Jill M. Considine, Chairman and Chief Executive Officer, the Depository Trust Company, New York, NY.

Details attached 

John E. Sexton
Chairman of the Board