### Question
How is the term Directorate defined?


### Answer
The term **Directorate** is defined in *12 U.S.C. § 1441* as the following:

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

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

