Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter XII - Federal Housing Finance Agency |
SubChapter D - Federal Home Loan Banks |
Part 1261 - Federal Home Loan Bank Directors |
Subpart B - Federal Home Loan Bank Boards of Directors: Eligibility and Elections |
§ 1261.15 - Minimum number of member directorships.
Latest version.
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§ 1261.15 Minimum number of member directorships.
Except with respect to member directorships of a Bank resulting from the merger of any two or more Banks, the number of member directorships allocated to each state shall not be less than the number of directorships allocated to that state on December 31, 1960. The following table sets forth the states within Bank districts not created from the merger of two or more Banks whose members held more than one directorship on December 31, 1960:
State Number of
elective
directorships on
December 31, 1960California 3 Colorado 2 Illinois 4 Indiana 5 Kansas 3 Kentucky 2 Louisiana 2 Massachusetts 3 Michigan 3 New Jersey 4 New York 4 Ohio 4 Oklahoma 2 Pennsylvania 6 Tennessee 2 Texas 3 Wisconsin 4 [81 FR 76297, Nov. 2, 2016]