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Legislative and Regulatory Update

Housing and Economic Recovery Act of 2008. On July 30, 2008, President George W. Bush signed into law the Housing and Economic Recovery Act of 2008 (the “HER Act”).  Among other things, this legislation consolidates the regulation of Fannie Mae, Freddie Mac and the Federal Home Loan Banks into a single new regulatory agency known as the Federal Housing Finance Agency.  This bulletin provides a summary of the major provisions of the legislation, followed by a more detailed discussion of the provisions that will affect the Federal Home Loan Banks.

Holiday Calendar
The Federal Home Loan Bank of Dallas will be closed in 2010 on the following days:

Bank holidays are scheduled to correspond with those of the Federal Reserve Bank.

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