The FHLBank board of directors meets monthly, with the exception of May, August and November, usually on the third Thursday. During 2007, the majority of the board meetings will be conducted in the Fifth District. The other meetings will be held in conjunction with events such as a strategic planning conference and joint meetings with the Advisory Council or league meetings. If necessary, a conference call will occur during months when no board meeting is scheduled. Agenda material is mailed to each director approximately one week before the board meeting.
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The FHLBank's board of directors, in addition to having an Executive committee, has currently eight standing committees: Asset/Liability Policy, Audit, Budget, Credit Policy, Housing & Community Development, Information Technology, Mortgage Purchase Program Policy, and Personnel. The committee structure is designed to permit smaller bodies of the board of directors to conduct a detailed review of complex matters. The committees report to the full board of directors and make recommendations to the board. The Chair annually appoints the members of the various committees and designates the committee Chair. Committee meetings are generally held during the morning preceding the full board meeting at the same location.
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