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Independent Director Information
Independent director nominations and application
The FHLBI's Board of Directors is comprised of both member and independent directors. Elections for member directors
are held on a state-by-state basis, whereas independent directors are elected at large by all members of the FHLBI.
Member directorships always maintain a majority, and the independent directorships comprise at least 40 percent of the
entire board. Independent directors are nominated by the Board of Directors after consultation with the Affordable Housing
Advisory Council and the Federal Housing Finance Agency (FHFA).
Nominees should have demonstrated knowledge of, or experience in, such areas as financial management, auditing and accounting,
risk management practices, derivatives, project development, organizational management, or such other knowledge as the FHFA
Director provides by regulation. Public interest director nominees must have more than four years' experience representing
consumer or community interests in banking services, credit needs, housing, or consumer financial protections.
Independent directors must be bona fide residents of Indiana or Michigan and are prohibited by statute from serving as an
officer of any Federal Home Loan Bank (FHLBank), or as a director, officer, or employee of a member of any FHLBank or of any
recipient of advances from any FHLBank. A complete listing of the FHLBI's member institutions can be found at member directory.
To serve effectively on the board, a director must be able to attend approximately eight in-person meetings a year of the
board and the committees on which the director serves and devote the time necessary to prepare for those meetings. A Director
Position Description providing more information regarding director qualifications can be accessed here .
An election of all directors will be held in November and results announced by December. To be considered as an independent
director, a nominee should return his or her completed application form
along with a two-page bio by U.S. mail or courier to the following address by close of business September 15 of the current year.
Attention: Corporate Secretary, Federal Home Loan Bank of Indianapolis, 8250 Woodfield Crossing Blvd., Indianapolis, IN 46240.
Updated: February 2, 2010
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