In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement dated July 15, 2020, the Federal Reserve Bank of San Francisco is conducting an election of directors to succeed Mr. S. Randolph Compton, a Class A director, elected by banks in Group Three, and Ms. Tamara L. Lundgren, a Class B director, elected by banks in Group Two, whose terms end on December 31, 2020.