### Question
What does Directorate mean?


### Answer
**Directorate** has the following meaning in *12 U.S.C. § 1441*:

> the directorate established in the manner provided in subsection (b)(1) to manage the Financing Corporation

#### Citation:
  - *12 U.S.C. § 1441*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

