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2015 Notice of Director Elections

2015 Director Election

The Bank is conducting an election to fill one member directorship and two independent directorships on its board of directors. Information related to the director election has been mailed to Bank members. Nominations for the member directorship are due by 
5 p.m. on July 6, 2015. Individuals interested in being considered for an independent directorship must complete and return the application and related form that are available on this website to the Bank by 5 p.m. on July 6, 2015.

Each institution that was a member of the Bank as of December 31, 2014, or that is the acquirer of or successor in interest to such an institution, is eligible to participate in the election. Eligible institutions in South Carolina will elect one member director. Eligible institutions in the Bank’s district at-large will elect two independent directors. Pursuant to the Bank’s board-approved Equal Opportunity Policy Statement, which is available on the Bank’s website, the Bank encourages the consideration of diversity in nominating or soliciting nominees for positions on the Bank’s board of directors.

Member Director Election
Important information related to the nomination of member directors has been sent to eligible institutions in South Carolina. Nominations for the member directorship are due by 
5 p.m. on July 6, 2015.

The term of the South Carolina member directorship being filled in this election begins on January 1, 2016, and ends on December 31, 2019.

Member Director Eligibility

  • To be eligible for the South Carolina member directorship, an individual must be a citizen of the United States and serve as an officer or director of a current Bank member institution that (a) is located in South Carolina, (b) meets all minimum capital requirements established by its appropriate federal banking agency or appropriate state regulator, and (c) was a member of the Bank as of December 31, 2014.
  • Any individual who has been elected to three consecutive full terms on the Bank’s board may not serve a fourth term until two years after the expiration of the third consecutive term.

Independent Director Election
The terms of the independent directorships being filled in this election begin on 
January 1, 2016, and end on December 31, 2019.

Independent Director Eligibility:

  • An independent director must be a citizen of the United States and a bona fide resident of the Bank’s district.
  • To serve as an independent director, an individual must have knowledge of, or experience in, one or more of the following areas: auditing and accounting, derivatives, financial management, organizational management, project development, risk management practices, and the law.
  • An individual may not serve as an independent director if he or she is an officer of any Federal Home Loan Bank or a director, officer, or employee of any member of the Bank or of any recipient of advances from the Bank. 
  • Any individual who has been elected to three consecutive full terms on the Bank’s board may not serve a fourth term until two years after the expiration of the third consecutive term.

Independent Director Election Application and Nomination Process

  • Individuals interested in being considered for the independent directorship must complete and return to the Bank, by 5 p.m. on July 6, 2015, the application and related form that are available at the link below. The Bank will not accept any application received after 5 p.m. on July 6, 2015. 
  • Deliver completed forms to Tina Carew, Legal Department, Federal Home Loan Bank of Atlanta, 1475 Peachtree Street NE, Atlanta, GA 30309.
  • The Bank’s board, in consultation with the Bank’s Affordable Housing Advisory Council, will select at least two independent director nominees and deliver the application of such nominees to the Federal Housing Finance Agency for review.

Independent Directorship Application Requirements
Applicants for the independent directorship with the Bank must complete the following forms:

Preliminary 2016 Board Meeting Schedule
Directors are strongly encouraged to attend all meetings of the board and board committees on which the director serves. The preliminary 2016 board meeting schedule is provided below.

Click here for the preliminary 2016 board meeting schedule.

If you have questions, please contact Tina Carew at 404.888.8549 or tcarew@fhlbatl.com.