Professor Mark Eppli, Ph.D., of Marquette University, has been appointed to be an independent director at the Federal Home Loan Bank of Chicago.
Eppli is a professor of finance and the Robert B. Bell Sr. Chair in Real Estate at Marquette, where he also serves as director of the Center for Real Estate.
His term on the Federal Home Loan Bank of Chicago will expire Dec. 31, 2013.
The bank also announced that that Thomas Herlache will serve as chairman and Steven Rosenbaum will serve as vice chairman of the board for 2012-2013.
"The mix of new and returning professionals to the board is exciting as we build on our recent successes and plan for a profitable future focused on our members," said Matt Feldman, president and CEO of the bank.
The Federal Home Loan Bank of Chicago is a $73 billion wholesale bank serving the needs of member housing finance institutions located in Illinois and Wisconsin. The bank's mission is to partner with member shareholders to provide them competitively priced funding, a reasonable return on their investments and support for community investment activities.
The U.S. Congress created the Federal Home Loan Bank System, which includes 12 Federal Home Loan Banks, in 1932 to promote housing finance, but the Banks are wholly owned by their member institutions.