In-Brief

FHLBNY opens 2015 board of directors election process

FHLBNY President José Ramón González FHLBNY President José Ramón González

The Federal Home Loan Bank of New York recently began formally soliciting nominations for candidates to serve on its board of directors for terms starting Jan. 1, 2016, the FHLBNY announced.

In total, four directorships will be up for election in 2015, the agency said in a letter sent to its members late last week.

“Our board is active and involved, and the knowledge and expertise our Directors bring is extremely valuable to our cooperative,” said José R. González, president of the FHLBNY.

“Their guidance helps to position us as a reliable partner for our members, and as a result, I encourage all of our members to be involved in the election process,” said the Puerto Rican banking executive.

Two directorships representing the FHLBNY’s New York members are up for election in 2015.  Two independent directorships representing the whole district are also up for election, the regulator said.

All certificates of nomination and independent director application forms are due at the FHLBNY by 5 p.m. on July 28, 2015.

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This story was written by our staff based on a press release.

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