To Member Banks of the Second Federal Reserve District:
In accordance with section 4 of the Federal Reserve Act, as amended, and Circular No. 11761, dated January 23, 2006, on the nomination of a class B director of this Bank for the unexpired portion of the term of office ending December 31, 2006, to succeed DENIS M. HUGHES, who is now serving as a Class C director of this Bank, there is shown in the attached document the name of the candidate nominated for such office, and by whom nominated.