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Appointive Director Nominations
Public Interest Director Nominations & Application
The Federal Housing Finance Board, the FHLBanks’ regulator, adopted an interim final rule, effective January 24, 2007,
establishing procedures for the selection of appointed directors to the boards of the FHLBanks. The rule, as written,
establishes an October 1 deadline for each FHLBank’s board of directors to submit nominees to fill FHLBank Public Interest
Director seats that will become vacant at the end of each calendar year. All prospective nominees must complete an
application form and submit it to the FHLBI to be considered for board service. To be considered for the October 1
submission deadline, a nominee should return his or her completed application form
by U.S. mail or courier to the following address by close of business on the second Friday in September. Attention:
Corporate Secretary, Federal Home Loan Bank of Indianapolis, 8250 Woodfield Crossing Blvd., Indianapolis, IN 46240.
The Finance Board will use the information provided by the FHLBI (as set forth in the application form submitted by the
nominee) to select qualified individuals based on the totality of their qualifications to serve on the FHLBI’s Board of
Directors. As requested in the application form, nominees are to respond to all applicable questions regarding financial
literacy and experience in fields such as mortgage finance, capital markets, accounting, affordable housing, community and
economic development, or legal and regulatory compliance. In addition, applicants are asked to provide a copy of their
resume that should include achievements or expertise not addressed elsewhere in the application, such as knowledge of
interest rate derivatives, experience with SEC compliance, expertise in auditing or human resources, and any other
expertise the nominees would like the Finance Board to consider.
The statutory requirements as described in the application prohibit appointive directors from serving as an officer or
director of any bank that is a member of the Federal Home Loan Bank of Indianapolis and places certain restrictions on
ownership or other financial interests in member institutions or their holding companies. If an interested candidate owns
stock or has other financial interests in such institutions, he or she should contact the Corporate Secretary regarding
the restrictions before submitting an application. A complete listing of the FHLBI’s member institutions can be found
at Member Directory.
In order 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 provides more
information regarding anticipated qualifications.
Updated: April 15, 2008
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