The Federal Housing Finance Agency recognizes the importance of maintaining its regulatory independence and objectivity.  The Finance Agency is the safety and soundness regulator of the Federal Home Loan Banks (Banks), and as such does not manage the Banks’ business affairs or make policy decisions that more properly lie with the boards of directors of the Banks.  Bank directors are charged by law with the responsibility of overseeing the operations of the Banks and for assuring that the affairs of the Banks are administered fairly and impartially and without discrimination in favor of or against any Bank member.  The Finance Agency believes that oversight of management by a strong and proactive board of directors is critical to the safe and successful operation of each Bank.  The Bank System depends on the competence and integrity of Bank directors, as it is their responsibility to oversee management diligently while adhering to unimpeachable ethical standards.  The Federal Home Loan Bank Act (Bank Act) provides for election and appointment of Bank directors with due consideration to various community, consumer, and economic segments, thus assuring that each Bank receives the benefit of the experienced judgment of individuals from a broad spectrum of interests that may be affected by actions of the Bank System.

The Vital Role of Federal Home Loan Bank Directors

Appointed Federal Home Loan Bank Directors

Elected Federal Home Loan Bank Directors

As a Federal Home Loan Bank director, you will:

  • Perform a vital public service by guiding a government sponsored enterprise created by Congress to fulfill an important public purpose.
  • Participate in the governance of a housing and community lending finance leader.
  • Collaborate with a diverse group of board colleagues in setting the strategic course of a dynamic organization.

To learn more about the Banks and the role of their boards of directors, click here.

In order to ensure a fair and transparent process that results in the appointment of qualified individuals who represent a cross section of the Federal Home Loan Bank System's constituencies, the Finance Board has revised its rules concerning the eligibility and selection of appointed Bank directors. 


The Federal Home Loan Banks determine the eligibility of candidates for elected directorships and conduct the annual director election process.