Federal Home Loan Bank Boards of Directors: Eligibility and Elections
Federal Home Loan Bank Boards of Directors: Eligibility and Elections
FOR FURTHER INFORMATION CONTACT: Janice A. Kaye, Associate General Counsel, janice.kaye@fhfa.gov, (202) 343-1514 or Patricia L. Sweeney, Management Analyst, pat.sweeney@fhfa.gov, (202) 408-2872, Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW., Washington, DC 20552. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.
SUMMARY: The Federal Housing Finance Agency (FHFA) is proposing to amend its regulations relating to the process by which successor directors are chosen after a Federal Home Loan Bank (Bank) directorship is redesignated to a new state prior to the end of its term as a result of the annual designation of Bank directorships. The current rules deem the redesignation to create a vacancy on the board, which is filled by the remaining directors. The proposed amendment would deem the redesignation to cause the original directorship to terminate and a new directorship to be created, which would then be filled by an election of the members.
DATES: Written comments on the proposed amendment must be received on or before December 31, 2009. For additional information, see SUPPLEMENTARY INFORMATION.
Public Comments
Below are a compilation of public comments made on this publication.
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