Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Q3 2016 DIVIDEND AND DIRECTOR ELECTION ANNOUNCEMENT - Federal Home Loan Bank of Des Moines | form8-kq316dividendannounc.htm |
| EX-99.1 - EXHIBIT 99.1 - DIVIDEND MEMBER ANNOUNCEMENT - Federal Home Loan Bank of Des Moines | exhibit991q316dividendanno.htm |
Federal Home Loan Bank of Des Moines |  | ||||
announcement | |||||
November 10, 2016
FHLB Des Moines Releases 2016 Director Election Results
On November 9, 2016, the Board of Directors of FHLB Des Moines certified the results of the 2016 Member and Independent Director Elections. We are pleased to announce the director terms commencing January 1, 2017.
Member Director Election Results
Oregon - 1 seat available
Number of institutions eligible to vote: | 44 | |
Number of institutions who voted: | 31 | |
Total eligible votes per candidate: | 348,599 | |
Total Votes | Robert A. Stuart, President and CEO | Elected – 4 year term | |
158,582 | OnPoint Community Credit Union | 01/01/17 – 12/31/20 | |
Portland, OR | |||
Total Votes | Roger S. Busse, CEO | |
97,594 | Pacific Continental Bank | |
Eugene, OR | ||
Washington - 1 seat available (No Election)
J. Benson Porter, President and CEO | Elected – 4 year term |
Boeing Employees' Credit Union | 01/01/17 – 12/31/20 |
Tukwila, WA | |
On September 28, 2016, J. Benson Porter was declared elected by the FHLB Des Moines to the Bank’s board in accordance with Federal Housing Finance Agency regulations to a four-year term commencing January 1, 2017. The one directorship in Washington was filled without an election because Mr. Porter was the only nominee.
Independent Director Election Results
District-wide - 2 total seats available
Independent Director - 1 seat available
Number of institutions eligible to vote: | 1,445 | |
Number of institutions who voted: | 402 | |
Total eligible votes per candidate: | 11,889,518 | |
Total Votes | Ruth B. Bennett, Principal | Elected – 4 year term |
3,461,311 | RB Bennett Enterprises LLC | 01/01/17 – 12/31/20 |
29.11% | Vancouver, WA | |
Public Interest Director (PID) - 1 seat available
Number of institutions eligible to vote: | 1,445 | |
Number of institutions who voted: | 405 | |
Total eligible votes per candidate: | 11,889,518 | |
Total Votes | John F. Kennedy, Sr., President and CEO | Elected – 4 year term |
3,576,986 | St. Louis Equity Fund, Inc. | 01/01/17 – 12/31/20 |
30.09% | St. Louis, MO | |