October 23, 2015
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, 2016. The directors elected are indicated below.
DISTRICT ONE – NEW ENGLAND
Number of Members Voting in Election (Total Ballots Received) | 248 | |
Total Number of Eligible Votes per Position (Potential) | 8,510,678 | |
FHFA 20% Threshold Requirement | 1,702,136 |
VOTES RECEIVED | |||
*Eric Chatman | 4,601,883 | ||
Former state housing finance authority executive and commercial and | |||
investment banker; qualifications in financial management, organizational | |||
management, derivatives, capital markets/treasury and affordable housing. | |||
*Emil J. Ragones | 4,689,493 | ||
Former audit partner at Ernst & Young and current adjunct professor at | |||
Boston College Carroll School of Management; qualifications in auditing, | |||
accounting, and information technology. |
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
*Mr. Chatman and Mr. Ragones were elected to four year terms expiring December 31, 2019.