The Board of Directors 2009 election schedule for member directors is as follows:

April 15	Approximate date Corporate Secretary will address the Board to determine skills sets for the Board member directorships that will expire December 31.
July 15	Announcement of the start of the 2009 Election of Federal Home Loan Bank of Dallas Member Directors. Nomination certificates are mailed to eligible stockholders in the voting states for 2009.
August 17	Nomination Deadline. Signed original Nomination Certificates must be received by the Federal Home Loan Bank of Dallas.
August 18	Send out Eligibility Certification to Nominees.
September 17	Nominee Acceptance Deadline. Candidates running for election must return the completed Eligibility Form to the Federal Home Loan Bank of Dallas.
September 18	Approximate date when ballots will be mailed to eligible stockholders in the designated voting states for 2009.
October 19	Voting Deadline. Signed original ballots must be received by the Federal Home Loan Bank of Dallas.
October 20	Tabulation of election results begins.
October 22	The Federal Home Loan Bank of Dallas announces the results of the 2009 Election of Federal Home Loan Bank of Dallas Directors. Statewide election results, including the total number of votes received by each candidate on the ballot, will be mailed to stockholders.

The Board of Directors 2009 election schedule for independent directors is as follows:

The Federal Home Loan Bank of Dallas is authorized to have 17 directors: 10 member directors and seven independent directors.

Member directors are selected through a state-by-state nomination and election process within the FHLB Dallas District. Independent directors are nominated by the Board of Directors and elected at large through a process in which ballots are sent to all members in our five-state District.

Each member director must be an officer or director of a member institution located in the state holding the election, and represent a member institution that meets all of the the applicable minimum regulatory capital requirements as established by its regulatory agency.  Member directors must certify annually to the Federal Housing Finance Agency that they meet and will continue to meet all applicable eligibility requirements.  Additionally, member directors must be citizens of the United States.

To be eligible, each independent director must demonstrate either (1) that he/she has knowledge of or experience in one or more of the following areas: auditing and accounting; derivatives; financial management; organizational management; project development; risk management practices; and the law or (2) that he/she has more than four years' experience representing consumer or community interests in banking services, credit needs, housing, or consumer financial protections. An independent director may not serve as an officer, employee, or director of any member of the FHLBank on whose board the director serves, or of any recipient of advances from that FHLBank, subject to certain exceptions for positions with holding companies. Additionally, independent directors must be citizens of the United States .

The Chair and Vice Chair of the Board of Directors are elected by a majority of all directors for a term of two years.

Additional information relating to the Board of Directors is contained in the Legislative and Regulatory Update and the Governance sections of fhlb.com.

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