12358 - FEDERAL RESERVE BANK of NEW YORK

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- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
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  The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
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Circular

Election of Directors

December 29, 2020

12358

In accordance with Section 4 of the Federal Reserve Act, as amended, and the circular dated November 27, 2020, the Federal Reserve Bank of New York is conducting an election for a director whose term expires on December 31, 2020. The director is Paul P. Mello, President and Chief Executive Officer, Solvay Bank, Solvay, N.Y., Class A, Group 3 director. Group 3 member banks will elect the director to fill this position, which will begin a three-year term on January 12, 2021. Member banks in Groups 1 and 2 will not participate in this election. There is shown on the following pages the name of the candidate nominated for such office, and by whom nominated.

Election details

Circular 12357

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