In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement dated July 14, 2021, the Federal Reserve Bank of San Francisco is conducting an election of directors to succeed Mr. Greg Becker, a Class A director, elected by banks in Group One, and Mr. Arthur F. (Skip) Oppenheimer, a Class B director, elected by banks in Group Three, whose terms end on December 31, 2021, and Mr. Richard M. Sanborn, a Class A director, elected by banks in Group Two, who ended his term early on April 23, 2021, but whose unexpired term ends on December 31, 2022.