### Question
How is the term total number of elective directorships defined?


### Answer
The term **total number of elective directorships** is defined in *12 U.S.C. § 1427* as the following:

> the total number of elective directorships on the board of directors of the bank of the district in which such State was located on December 31, 1960, and the term "members" where used for the second time in such sentence means members of such bank

#### Citation:
  - *12 U.S.C. § 1427*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

