On December 11, 2008, the Federal Homes Loan Bank (FHLB) of Des Moines announced that John F. Kennedy, Senior Vice President and CFO of St. Louis Equity Fund, Inc. was elected to the Bank’s Board of Directors.  John is serving a four year independent directorship term, which began January 1, 2009.

John began his service on the FHLB Des Moines board in 2007.  He is currently a member of the Risk Management Committee and the Bank Operations and Housing Committee.  John also serves as a liaison between the FHLB’s board of directors and the Affordable Housing Advisory Council.  He is serving as one of the FHLB’s two public interest directors.

FHLB Des Moines board of directors is comprised of financial service, business, and community leaders from across the Bank’s five-state district.  The board is comprised of 17 directors:  10 member directors and seven independent directors.  Two of the independent directors are public interest directors.