This letter is in regard to the election of directors of this Bank 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, 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 July 15 and August 26, 2020.