Code of Federal Regulations (Last Updated: November 8, 2024)

Chapter IX - Federal Housing Finance Board

SubChapter C - GOVERNANCE AND MANAGEMENT OF THE FEDERAL HOME LOAN BANKS

Part 915 - BANK DIRECTOR ELIGIBILITY, APPOINTMENT AND ELECTIONS

Appendix A to Part 915 - Staggering For FHLBank Boards of Directors

Latest version.

Table 1Boston FHLBank
(10 seats: 8 guaranteed by statute and 2 not guaranteed)

Term

Non-guaranteed seats

Guaranteed staggering: 2-3-3

Total staggering: 4-3-3

6 Seats to be filled in 2000 Election:

* Board must allocate 1 Seat to a 2-year term.

Mass. Seat3/2 Years*.

Conn. Seat3/2 Years*.

Maine Seat3/2 Years*.

R. I. Seat3/2 Years*.

Mass. Seat2 Years

Conn. Seat2 YearsNot Guaranteed (Discretionary Seat).

4 Seats to be filled in 2001 Election:

Mass. Seat3 Years.

N.H. Seat3 Years.

Vermont Seat3 Years.

Mass. Seat1 YearNot Guaranteed (Discretionary Seat).

Class with Terms Expiring Dec. 31, 2002 (4 seats):

Mass./Conn./Maine/Rhode Island Seat (board to pick 1 of 4)

Mass. Seat

Conn. Seat (not guaranteed by statute)

Mass. Seat (not guaranteed by statute)

Class with Terms Expiring Dec. 31, 2003 (3 seats):

Mass./Conn./Maine/Rhode Island Seat (board to pick 3 of 4)

Class with Terms Expiring Dec. 31, 2004 (3 seats):

Mass. Seat

N.H. Seat

Vermont Seat

Table 2N.Y. FHLBank

(11 Seats: 9 Guaranteed by Statute and 2 Not Guaranteed)

TermNon-guaranteed seatsGuaranteed staggering: 3-3-3

Total staggering: 3-4-4

7 Seats to be filled in 2000 election:New York Seat3 YearsNew Jersey Seat3 YearsPuerto Rico Seat3 YearsNew York Seat3 YearsNot Guaranteed (Stock Seat).New York Seat2 YearsNew York Seat2 YearsNew Jersey Seat2 Years4 Seats to be filled in 2001 election:New York Seat3 YearsNew York Seat3 YearsNot Guaranteed (Stock Seat).New Jersey Seat3 YearsNew Jersey Seat3 YearsClass with Terms Expiring Dec. 31, 2002 (3 seats):New York SeatNew York SeatNew Jersey SeatClass with Terms Expiring Dec. 31, 2003 (4 seats):New York SeatNew York Seat (not guaranteed by statute)New Jersey SeatPuerto Rico SeatClass with Terms Expiring Dec. 31, 2004 (4 seats):New York SeatNew York Seat (not guaranteed by statute)New Jersey SeatNew Jersey Seat

Table 3Pitts. FHLBank

(8 seats: all guaranteed by statute)

TermNon-guaranteed seatsGuaranteed staggering: 2-3-3

Total staggering: 2-3-3

4 Seats to be filled in 2000 Election:Penn. Seat3 Years.Penn. Seat3 Years.Penn. Seat3 Years.Penn. Seat2 Years.4 Seats to be filled in 2001 ElectionWest Va. Seat3 Years.Delaware Seat3 Years.Penn. Seat3 Years.Penn. Seat1 Year.Class with Terms Expiring Dec. 31, 2002 (2 seats):Penn. SeatPenn SeatClass with Terms Expiring Dec. 31, 2003 (3 seats):Penn. SeatPenn. SeatPenn. SeatClass with Terms Expiring Dec. 31, 2004 (3 seats):Penn. SeatDelaware SeatWest Va. Seat

Table 4Atlanta FHLBank

(9 Seats: 8 guaranteed by statute and 1 not guaranteed)

TermNon-guaranteed seatsGuaranteed staggering: 2-3-3

Total staggering: 3-3-3

4 Seats to be filled in 2000 Election:* Board must allocate 1 Seat to a 2-year term.D.C. Seat3/2 Years*.Alabama Seat3/2 Years*.Virginia Seat3/2 Years*.S. Carolina Seat3/2 Years*.5 Seats to be filled in 2001 Election:* Board must allocate 1 Seat to a 1-year termN. Carolina Seat3/1 Years*.Georgia Seat3/1 Years*.Maryland Seat3/1 Years*.Florida Seat3/1 Years*.N. Carolina Seat1 Year*.Not Guaranteed (Discretionary Seat).Class with Terms Expiring Dec. 31, 2002 (3 seats):North Carolina Seat (not guaranteed by statute)D.C./Alabama/Virginia/So. Carolina Seat (board to pick 1 of 4)No. Carolina/Georgia/Maryland/Florida Seat (board to pick 1 of 4)Class with Terms Expiring Dec. 31, 2003 (3 seats):D.C./Alabama/Virginia/So. Carolina Seat (board to pick 3 of 4)Class with Terms Expiring Dec. 31, 2004 (3 seats):No. Carolina/Georgia/Maryland/Florida Seat (board to pick 3 of 4)

Table 5Cincinnati FHLBank

(9 seats: 8 guaranteed by statute and 1 not guaranteed)

TermNon-guaranteed seatsGuaranteed staggering: 2-3-3

Total staggering: 3-3-3

4 Seats to be filled in 2000 Election:* Board must allocate 1 Seat to a 2-year term.Kentucky Seat3 Years.Ohio Seat3 Years.Kentucky Seat3/2 Years *.Ohio Seat3/2 Years *.5 Seats to be filled in 2001 Election:* Board must allocate 1 Seat to a 1-year term.Ohio Seat3 Years.Tennessee Seat3 Years.Tennessee Seat3/1 Years *.Ohio Seat3/1 Years *.Ohio Seat1 YearNot Guaranteed (Stock Seat).Class with Terms Expiring Dec. 31, 2002 (3 seats): Kentucky or Ohio Seat (board to decide) Ohio Seat (not guaranteed by statute) Tennessee or Ohio Seat (board to decide)Class with Terms Expiring Dec. 31, 2003 (3 seats): Kentucky Seat Ohio Seat Kentucky or Ohio Seat (board to decide)Class with Terms Expiring Dec. 31, 2004 (3 seats): Ohio Seat Tennessee Seat Tennessee or Ohio Seat (board to decide)

Table 6Indianapolis FHLBank

(10 seats: 8 guaranteed by statute and 2 not guaranteed)

TermNon-guaranteed seatsGuaranteed staggering: 2-3-3

Total staggering: 4-3-3

4 Seats to be filled in 2000 Election:Indiana Seat3 Years.Indiana Seat3 Years.Michigan Seat3 Years.Indiana Seat2 Years.6 Seats to be filled in 2001 Election:* Board must allocate 1 Seat to a 1-year term.Michigan Seat3 Years.Indiana Seat3 Years.Michigan Seat3/1 Years *.Indiana Seat3/1 Years *.Michigan Seat1 YearNot Guaranteed (Stock Seat).Michigan Seat1 YearNot Guaranteed (Stock Seat).Class with Terms Expiring Dec. 31, 2002 (4 seats): Indiana Seat. Michigan or Indiana Seat (board to decide). Michigan Seat (not guaranteed by statute). Michigan Seat (not guaranteed by statute).Class with Terms Expiring Dec. 31, 2003 (3 seats). Indiana Seat. Indiana Seat. Michigan Seat.Class with Terms Expiring Dec. 31, 2004 (3 seats). Michigan Seat. Indiana Seat. Michigan or Indiana Seat (board to decide).

Table 7Chicago FHLBank

(10 seats: 8 guaranteed by statute and 2 not guaranteed)

TermNon-guaranteed seatsGuaranteed staggering: 2-3-3

Total staggering: 4-3-3

4 Seats to be filled in 2000 Election:Illinois Seat3 Years.Wisconsin Seat3 Years.Wisconsin Seat3 Years.Wisconsin Seat2 Years.6 Seats to be filled in 2001 Election:Wisconsin Seat3 Years.Illinois Seat3 Years.Illinois Seat3 Years.Illinois Seat1 Year.Illinois Seat1 Year.Not Guaranteed (Stock Seat).Illinois Seat1 Year.Not Guaranteed (Stock Seat).Class with Terms Expiring Dec. 31, 2002 (4 seats)Wisconsin SeatIllinois SeatIllinois Seat (not guaranteed by statute)Illinois Seat (not guaranteed by statute)Class with Terms Expiring Dec. 31, 2003 (3 seats)Illinois SeatWisconsin SeatWisconsin SeatClass with Terms Expiring Dec. 31, 2004 (3 seats)Wisconsin SeatIllinois SeatIllinois Seat

Table 8Des Moines Bank

(10 seats: 8 guaranteed by statute and 2 not guaranteed)

TermNon-guaranteed seatsGuaranteed staggering: 2-3-3

Total staggering: 4-3-3

6 Seats to be filled in 2000 Election:* Board must allocate 1 Seat to a 2-year termMissouri Seat3/2 Years*.South Dakota Seat3/2 Years*.Iowa Seat3/2 Years*.Minnesota Seat3/2 Years*.Iowa Seat2 Years.Minnesota Seat2 YearsNot Guaranteed (Stock Seat).4 Seats to be filled in 2001 Election:Missouri Seat3 Years.Minnesota Seat3 Years.North Dakota Seat3 Years.Missouri Seat1 YearNot Guaranteed (Discretionary Seat).Class with Terms Expiring Dec. 31, 2002 (4 seats): Iowa Seat Missouri/So.Dakota/Iowa/Minnesota Seat (board to pick 1 of 4) Minnesota Seat (not guaranteed by statute) Missouri Seat (not guaranteed by statute)Class with Terms Expiring Dec. 31, 2003 (3 seats): Missouri/So. Dakota/Iowa/Minnesota Seat (board to pick 3 of 4)Class with Terms Expiring Dec. 31, 2004 (3 seats): Missouri Seat Minnesota Seat North Dakota Seat

Table 9Dallas FHLBank

(9 seats: 8 guaranteed by statute and 1 not guaranteed)

TermNon-guaranteed seatsGuaranteed staggering: 2-3-3

Total staggering: 3-3-3

4 Seats to be filled in 2000 Election:Texas Seat3 Years.Louisiana Seat3 Years.Arkansas Seat3 Years.Louisiana Seat2 Years.5 Seats to be filled in 2001 Election:Texas Seat3 Years.Mississippi Seat3 Years.New Mexico Seat3 Years.Texas Seat1 Year.Texas Seat1 YearNot Guaranteed (Stock Seat).Class with Terms Expiring Dec. 31, 2002 (3 seats):Louisiana SeatTexas SeatTexas Seat (not guaranteed by statute)Class with Terms Expiring Dec. 31, 2003 (3 seats):Texas SeatLouisiana SeatArkansas SeatClass with Terms Expiring Dec. 31, 2004 (3 seats):Texas SeatMississippi SeatNew Mexico Seat

Table 10Topeka FHLBank

(10 seats: 8 guaranteed by statute and 2 not guaranteed)

TermNon-Guaranteed seatsGuaranteed staggering: 2-3-3

Total staggering: 4-3-3

5 Seats to be filled in 2000 Election:Colorado Seat3 Years.Oklahoma Seat3 Years.Kansas Seat3 Years.Colorado Seat2 Years.Kansas Seat2 Years.5 Seats to be filled in 2001 Election:Kansas Seat3 Years.Oklahoma Seat3 Years.Nebraska Seat3 Years.Nebraska Seat1 YearNot Guaranteed (Stock Seat).Nebraska Seat1 YearNot Guaranteed (Stock Seat).Class with Terms Expiring Dec. 31, 2002 (4 seats):Colorado SeatKansas SeatNebraska Seat (not guaranteed by statute)Nebraska Seat (not guaranteed by statute)Class with Terms Expiring Dec. 31, 2003 (3 seats):Colorado SeatOklahoma SeatKansas SeatClass with Terms Expiring Dec. 31, 2004 (3 seats):Kansas SeatOklahoma SeatNebraska Seat

Table 11San Francisco FHLBank

(8 seats: 5 guaranteed by statute and 3 not guaranteed)

TermsNon-guaranteed seatsGuaranteed staggering: 1-2-2

Total staggering: 2-3-3

4 Seats to be filled in 2000 Election:California Seat3 Years.California Seat3 Years.California Seat3 YearsNot Guaranteed (Stock Seat).California Seat2 YearsNot Guaranteed (Stock Seat).4 Seats to be filled in 2001 Election:*Board must allocate 1 seat to a 1-year termCalifornia Seat3/1 Years*.Nevada Seat3/1 Years*.Arizona Seat3/1 Years*.California Seat1 YearNot Guaranteed (Stock Seat).Class with Terms Expiring Dec. 31, 2002 (3 seats):California/Nevada/Arizona Seat (board to pick 1 of 3)California Seat (not guaranteed by statute)California Seat (not guaranteed by statute)Class with Terms Expiring Dec. 31, 2003 (3 seats):California SeatCalifornia SeatCalifornia Seat (not guaranteed by statute)Class with Terms Expiring Dec. 31, 2004 (2 seats):California/Nevada/Arizona Seat (board to pick 2 of 3)

Table 12Seattle FHLBank

(10 seats: 8 guaranteed by statute and 2 not guaranteed)

TermNon-guaranteed seatsGuaranteed staggering: 2-3-3

Total staggering: 4-3-3

5 Seats to be filled in 2000 Election:Hawaii Seat3 Years.Utah Seat3 Years.Alaska Seat3 Years.Washington Seat2 YearsNot Guaranteed (Discretionary Seat).Washington Seat2 YearsNot Guaranteed (Discretionary Seat).5 Seats to be filled in 2001 Election:* Board must allocate 2 seats to 1-year termsMontana Seat3/1 Years*.Oregon Seat3/1 Years*.Washington Seat3/1 Years*.Idaho Seat3/1 Years*.Wyoming Seat3/1 Years*.Class with Terms Expiring Dec. 31, 2002 (4 seats):Montana/Oregon/Idaho/Wyoming/Washington Seat (board to pick 2 of 5)Washington Seat (not guaranteed by statute)Washington Seat (not guaranteed by statute)Class with Terms Expiring Dec. 31, 2003 (3 seats):Hawaii SeatUtah SeatAlaska SeatClass with Terms Expiring Dec. 31, 2004 (3 seats):Montana/Oregon/Idaho/Wyoming/Washington Seat (board to pick 3 of 5)

                    
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