GroundRules
12 CFR 1261.15: Minimum number of member directorships.
Where this section sits in the code
- 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
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, 1960
California 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
Collected 2026-08-27T02:24:16Z. Source file · JSON