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 two directors of this Bank, whose terms will expire December 31, 2014: class A director, PAUL P. MELLO, President and Chief Executive Officer, Solvay Bank, Solvay, NY; and class B director, TERRY J. LUNDGREN, Chairman and Chief Executive Officer, Macy's, Inc., New York, NY.