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October 19, 2018
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, for terms beginning January 1, 2019 and ending on December 31, 2022. The directors elected are indicated below.
DISTRICT ONE – NEW ENGLAND
Number of Members Voting in Election (Total Ballots Received) | 223 | |
Total Number of Eligible Votes (Potential) | 9,347,601 | |
FHFA 20% Threshold Requirement | 1,874,920 |
VOTES RECEIVED | |||
*Joan M. Carty | 5,187,681 | ||
President and CEO of Housing Development Fund, Stamford, Connecticut | |||
Public Interest Director | |||
*Patrick E. Clancy | 5,180,652 | ||
Principal of The Clancy Company, Kennebunkport, Maine (independent | |||
consultant and developer of affordable housing); | |||
Former President and CEO, The Community Builders, Inc., Boston, MA | |||
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
Corporate Secretary
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*Ms. Carty and Mr. Clancy were reelected to four-year terms expiring December 31, 2022. These directorships have been designated as “public interest”.