As provided by Section 4 of the Federal Reserve Act, an election will be held 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.