November 21, 2014

This letter is in regard to the election of directors of this Bank to succeed Ms. Megan F. Clubb, a
Class A director, elected by banks in Group Three, and Mr. Richard A. Galanti, a Class B
director, elected by banks in Group Two, whose terms end on December 31, 2014, respectively.
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 September
10 and October 29, 2014.