Board of Directors Statement on Diversity

The Bank is committed to diversity in all aspects of its business and activities and at all levels of the Bank, including its Board of Directors.

The Bank’s Board of Directors highly values diversity and supports the election and appointment of diverse candidates to the Board. The Board believes that having directors of diverse gender, race, and ethnicity, along with varied skills and experiences, contributes to a balanced and effective Board -- one that is well-positioned to address the changing needs of the Bank’s members and communities.

The Board is committed to administering a director election process that encourages and promotes consideration of diverse candidates in the nomination and election of directors to the Board. The Board encourages the Bank’s members to consider diversity when nominating individuals for member director positions. In selecting nominees for independent director positions, the Board considers gender, race, and ethnic diversity, among other factors.