§ 915.15 - Minimum number of elective directorships.

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Under section 7(c) of the Act (12 U.S.C. 1427(c)), the number of elective directorships allocated to members located in each State cannot be less than the number of directorships that were filled by the members from that State on December 31, 1960. The following list sets forth the States whose members held more than one (1) seat on December 31, 1960:
StateNo. of elective directorships on December 31, 1960California3Colorado2Illinois4Indiana5Iowa2Kansas3Kentucky2Louisiana2Massachusetts3Michigan3Minnesota2Missouri2New Jersey4New York4Ohio4Oklahoma2Pennsylvania6Tennessee2Texas3Wisconsin4

                    
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