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Appointive Director Nominations
The Federal Housing Finance Board recently announced its intention to fill appointive director vacancies at the Federal Home Loan Banks. The Federal Home Loan Bank of San Francisco currently has four vacant appointive director positions, including one community interest director position. Under the Finance Board’s new procedures (PDF), the Bank's Board is required to identify candidates, conduct a preliminary assessment of their eligibility and qualifications, and send a list of nominees to the Finance Board by the end of March. The list must include two nominees for each of the four vacant appointive directorships. The Finance Board will use this list of nominees to select individuals to fill the vacant positions.
The Bank’s Board of Directors is now seeking applications from candidates who may be eligible to fill the vacant appointive director positions. The deadline to submit an application to the Bank is March 9, 2007.
Each of the Bank’s nominees must meet statutory requirements, as well as the Finance Board’s selection criteria. By statute, a nominee:
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Must be a United States citizen
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Must be a resident of a state in the Bank’s district (Arizona, California, or Nevada) or own or lease a second residence in the district and be employed in the district
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May not serve as an officer or director of any member of the Bank
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May not hold shares, or any other financial interest in, any member of the Bank (see the Bank's membership directory for a complete list of current members)
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To serve as a community interest director, must be a director, officer, employee, or member of an organization that has represented consumer or community interests on banking services, credit needs, housing, or financial consumer protection for at least two years.
The Finance Board application form requires all applicants to provide information about their leadership experience, business knowledge, commitment to service, personal integrity, independence, and other experience and education.
The Bank's Board of Directors is particularly interested in attracting well-qualified candidates with skills or expertise in the areas of affordable housing, human resources and compensation, and technology. The Board will also take diversity into consideration.
To be considered as a candidate, an individual must provide the following application materials to the Bank by Friday, March 9, 2007:
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Detailed resume
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Summary of additional qualifications, such as specific qualifications for the community interest director position or expertise in the areas of affordable housing, human resources and compensation, and technology
Interested individuals should send the required information to: Lisa MacMillen, Senior Vice President and Corporate Secretary, Federal Home Loan Bank of San Francisco, 600 California Street, Suite 300, San Francisco, CA 94108.
For additional information about the Bank and its Board of Directors, please see the Bank’s 2005 10-K. If you have any questions about serving on the Bank’s Board of Directors or this nomination process, please contact Lisa MacMillen at 415-616-2726 or macmiLLL@fhlbsf.com or Carolyn Lesko at 415-616-2722 or leskoc@fhlbsf.com.
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Appointive Director Nominations
The Federal Housing Finance Board recently announced its intention to fill appointive director vacancies at the Federal Home Loan Banks. The Federal Home Loan Bank of San Francisco currently has four vacant appointive director positions, including one community interest director position. Under the Finance Board’s
new procedures (PDF), the Bank's Board is required to identify candidates, conduct a preliminary assessment of their eligibility and qualifications, and send a list of nominees to the Finance Board by the end of March. The list must include two nominees for each of the four vacant appointive directorships. The Finance Board will use this list of nominees to select individuals to fill the vacant positions.
The Bank’s Board of Directors is now seeking applications from candidates who may be eligible to fill the vacant appointive director positions. The deadline to submit an application to the Bank is March 9, 2007.
Each of the Bank’s nominees must meet statutory requirements, as well as the Finance Board’s selection criteria. By statute, a nominee:
-
Must be a United States citizen
-
Must be a resident of a state in the Bank’s district (Arizona, California, or Nevada) or own or lease a second residence in the district and be employed in the district
-
May not serve as an officer or director of any member of the Bank
-
May not hold shares, or any other financial interest in, any member of the Bank (see the Bank's
membership directory for a complete list of current members)
-
To serve as a community interest director, must be a director, officer, employee, or member of an organization that has represented consumer or community interests on banking services, credit needs, housing, or financial consumer protection for at least two years.
The Finance Board application form requires all applicants to provide information about their leadership experience, business knowledge, commitment to service, personal integrity, independence, and other experience and education.
The Bank's Board of Directors is particularly interested in attracting well-qualified candidates with skills or expertise in the areas of affordable housing, human resources and compensation, and technology. The Board will also take diversity into consideration.
To be considered as a candidate, an individual must provide the following application materials to the Bank by Friday, March 9, 2007:
-
-
Detailed resume
-
Summary of additional qualifications, such as specific qualifications for the community interest director position or expertise in the areas of affordable housing, human resources and compensation, and technology
Interested individuals should send the required information to: Lisa MacMillen, Senior Vice President and Corporate Secretary, Federal Home Loan Bank of San Francisco, 600 California Street, Suite 300, San Francisco, CA 94108.
For additional information about the Bank and its Board of Directors, please see the Bank’s
2005 10-K. If you have any questions about serving on the Bank’s Board of Directors or this nomination process, please contact Lisa MacMillen at 415-616-2726 or
macmiLLL@fhlbsf.com or Carolyn Lesko at 415-616-2722 or
leskoc@fhlbsf.com.
© 2000-2008 Federal Home Loan Bank of San Francisco
