Circular Letter 5787

To: All Member Banks in the Third Federal Reserve District

Attention: Chief Executive Officer

Subject: Nomination and Election of Reserve Bank Directors

In accordance with the provisions of Section 4 of the Federal Reserve Act and Circular Letter 5786, dated November 6, 2025, an election is being conducted to determine a successor for the following director:

John Fry, president, Temple University, Philadelphia, PA, is completing his second three-year term as a Class B, Group 2, director. Mr. Fry is not eligible for reelection. Group 2 member banks will elect Mr. Fry's successor to serve a three-year term to begin January 1, 2026.

The name of the candidate nominated and the banks that made the nominations are listed herein. A brief biographical sketch of the candidate is also provided (Attachment 1). Please log on to the Electronic Election Tool to submit a ballot.

A list of banks in each group and the officers authorized to vote is included herein (Attachment 2). The group in which a member bank is entitled to vote is determined by its classification using the most recent quarterly data available, even though its capital and surplus may change before the polls close. When two or more banks are subsidiaries of the same holding company, only one of them may vote in this election.

Action Required to Vote:

The Federal Reserve Act allows 15 days for balloting. The polls will open on December 8, 2025, and close at 2:00 p.m. on December 22, 2025.

Additional Information:

Inquiries concerning this circular letter should be directed to Marla Chazin, Office of the Secretary, at (215) 574-3838, or [email protected].