Nomination of Directors
November 10, 2010
Circular No. 12260

An election will be held under the provisions of section 4 of the Federal Reserve Act, as amended, to choose successors to serve for three-year terms, to the following directors of this Bank whose terms will expire December 31, 2010: class A director, RICHARD L. CARRIÓN, Chairman, President and Chief Executive Officer, Popular, Inc., San Juan, PR; and class B director, JAMES S. TISCH, President and Chief Executive Officer, Loews Corporation, New York, NY.

Denis M. Hughes,
Chairman of the Board

Details attached pdf