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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:

New Year's Day

Friday, January 1

Martin Luther King, Jr. Day Monday, January 18
Presidents Day Monday, February 15
Memorial Day Monday, May 31
Independence Day Monday, July 5
Labor Day Monday, September 6
Columbus Day Monday, October 11
Veterans Day Thursday, November 11
Thanksgiving Day Thursday, November 25

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



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