As provided by Section 4 of the Federal Reserve Act, as amended, a special election will be held to fill the vacancy in the office of a Class B director of this Bank for the remaining portion of the term ending December 31, 2019. The previous director who held this office, David Cote, has resigned as Director of this Bank. He was elected by member banks in Group 2 and his successor will be chosen by this Group. Member banks in Groups 1 and 3 will not participate in this election.