12363 - FEDERAL RESERVE BANK of NEW YORK

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Nomination of Directors

November 09, 2021

12363

As provided by Section 4 of the Federal Reserve Act, as amended, an election will be held to choose successors to serve for three-year terms, for the following two directors of this Bank, whose terms will expire on December 31, 2021: Class A director, James P. Gorman, Chairman and Chief Executive Officer, Morgan Stanley, New York, N.Y.; and Class B director, Scott Rechler, RXR Realty, New York, N.Y. and Uniondale, N.Y. Mr. Rechler was elected as a midterm replacement in a 2021 Special Election; and thus, is eligible for reelection. Both directors were elected by member banks in Group 1, and their successors will be chosen by this Group. Member banks in Groups 2 and 3 will not participate in this election.

Nomination details

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