This letter is in regard to the election of directors of this Bank 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 service early on April 23, 2021, but whose unexpired term ends on December 31, 2022. These elections have been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act and the provisions of the circulars issued by this office dated July 14 and August 23, 2021.