Regulations last checked for updates: Nov 23, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
§ 1261.15 - Minimum number of member directorships.

Except with respect to member directorships of a Bank resulting from the merger of any two or more Banks, the number of member directorships allocated to each state shall not be less than the number of directorships allocated to that state on December 31, 1960. The following table sets forth the states within Bank districts not created from the merger of two or more Banks whose members held more than one directorship on December 31, 1960:

State Number of
elective
directorships on
December 31, 1960
California3
Colorado2
Illinois4
Indiana5
Kansas3
Kentucky2
Louisiana2
Massachusetts3
Michigan3
New Jersey4
New York4
Ohio4
Oklahoma2
Pennsylvania6
Tennessee2
Texas3
Wisconsin4
[81 FR 76297, Nov. 2, 2016]
source: 73 FR 55715, Sept. 26, 2008, unless otherwise noted.
cite as: 12 CFR 1261.15