Board of Directors
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(a) MembershipThe corporation shall be under the direction of a board of directors made up of the following members:
(1)
the Chairman of the Federal Home Loan Bank Board or a member of the Federal Home Loan Bank Board to be designated by the Chairman;
(2)
the Secretary of Housing and Urban Development;
(3)
the Chairman of the Board of Governors of the Federal Reserve System, or a member of the Board of Governors of the Federal Reserve System to be designated by the Chairman;
(4)
the Chairman of the Federal Deposit Insurance Corporation or the appointive member of the Board of Directors of the Federal Deposit Insurance Corporation if so designated by the Chairman;