October 24, 2014
TO: | Members of the Federal Home Loan Bank of Boston | |
SUBJECT: | Independent Director Report of Election |
The Federal Home Loan Bank of Boston is pleased to announce the results of the election of two independent directors, each for a term beginning January 1, 2015. The directors elected are indicated below.
DISTRICT ONE – NEW ENGLAND
Number of Members Voting in Election (Total Ballots Received) | 221 | |
Total Number of Eligible Votes per Position (Potential) | 7,663,503 | |
FHFA 20% Threshold Requirement | 1,532,701 |
VOTES RECEIVED | ||
* Joan Carty | 4,160,901 | |
President and CEO, Housing Development Fund, Inc. | ||
Public Interest Director | ||
* Patrick E. Clancy | 4,044,627 | |
Former President and CEO, The Community Builders, Inc. | ||
Public Interest Director | ||
We extend a special note of thanks to all our members who participated in this year’s election process.
Sincerely,
/s/ Carol Hempfling Pratt
Carol Hempfling Pratt
Senior Vice President/General Counsel and Corporate Secretary
* Ms. Carty and Mr. Clancy were elected to four-year terms expiring December 31, 2018.