2003 Other Charter: FNM

Technology Committee Charter

The Committee shall consist of a chair and such directors as the Board shall appoint.

The Committee shall, through regular or special meetings with management, develop in-depth and specialized knowledge on matters relating to oversight of information technology, as the Board or the Committee chair deem appropriate.

The Committee shall oversee and evaluate, in consultation with management, the corporation's management of technology plans, uses, designs, implementation, and investments.

The Committee shall, pursuant to a schedule developed in consultation with management, receive periodic reports from management on matters relating to the corporation's development and use of information technology and on relevant technological developments in the financial services industry.

The Committee shall make regular reports to the Board on its activities. These reports will generally occur after each Committee meeting or at such other times as the Committee deems appropriate.