In accordance with Section 4 of the Federal Reserve Act, as amended, and the circular dated November 27, 2020, the Federal Reserve Bank of New York is conducting an election 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. There is shown on the following pages the name of the candidate nominated for such office, and by whom nominated.