12370 - FEDERAL RESERVE BANK of NEW YORK

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- At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
  
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- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
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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.
  
  The New York Fed provides a wide range of payment services for financial institutions and the U.S. government.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
  
  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

November 27, 2023

12370

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 director positions at this Bank: Class A director, Vacant; and Class B director, Arvind Krishna, Chairman and Chief Executive Officer of IBM, Armonk, New York. The current Class A and Class B director terms will expire on December 31, 2023. Both of these director positions were elected by member banks in Group 3, and their successors will be chosen by this Group. Member banks in Groups 1 and 2 will not participate in this election. Shown on the following pages are the names of the candidates nominated for such offices, and by whom nominated.

Election Circular

Nomination Circular

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