FOR IMMEDIATE RELEASE

Contact:

Corporate Communications
Federal Home Loan Bank of Dallas
www.fhlb.com
(214) 441-8445

FHLBank of Dallas Announces the Appointment of Five Public Interest Directors

DALLAS, TEXAS, April 13, 2007 -- The Federal Home Loan Bank of Dallas (Bank) announced that the Federal Housing Finance Board, which regulates the 12 Federal Home Loan Banks, has appointed five public interest directors to serve on the Bank’s Board of Directors.  The five new appointees join the three existing public interest directors and 11 directors elected by the membership in the Bank’s five-state District.  Margo S. Scholin and Clarence G. Simmons, III are both appointed to fill the remainder of a three year term that began on January 1, 2006.  C. Kent Conine, Willard L. Jackson, Jr., and James W. Pate, II have been appointed to fill the remainder of a three-year term which began on January 1, 2007.

Ms. Scholin is a partner at Baker Botts L.L.P. in Houston, Texas, and has practiced corporate, transactional and securities law at the firm since 1983.  Ms. Scholin is actively involved in several professional and community service organizations, including serving as a board member for the Houston Area Women’s Center and Neighborhood Centers Inc., and is a past member of the Texas Board of Health.  Ms. Scholin was named a 2005 Woman on the Move by the Texas Executive Women and is listed in The Best Lawyers in America in 2006. 

Mr. Simmons, III, is Senior Executive Vice President and Chief Financial Officer at Thornburg Mortgage Inc. in Santa Fe, New Mexico.  He has over 24 years in the financial services industry and his experience also includes working to fund several affordable housing projects, including a project that rehabilitated an entire inner-city neighborhood in Rochester, New York.

Mr. Conine is the President of Conine Residential Group in Frisco, Texas, and since 1981 has been responsible for the construction, management and development of more than 4,500 apartment units and the development of several residential communities.  Mr. Conine is involved in numerous community and professional organizations, including serving as vice chairman of the board of the Texas Department of Housing and Community Affairs and also serves on the National Conference of State Housing Boards.

Mr. Jackson is the founder and CEO of Metroplex Industries in Houston, Texas, and has over 20 years of professional experience. He is an active community leader, serving diligently and working closely with many civic committees and service boards, including serving as a board member for Dominion Community Development Corporation Advisory Committee and the African Americans for Economic Empowerment.  Mr. Jackson previously served as an appointed director of the Bank from 2002 to 2004.

Mr. Pate is the Executive Director for the New Orleans Area Habitat for Humanity.  During his tenure he has routinely achieved $1 million in annual fund-raising and development. Mr. Pate established the first formal prison chapter of Habitat for Humanity, the Hutchins State Jail Chapter. The Prison Partnership Program is now a nationwide initiative for Habitat for Humanity. He has over 14 years experience working for the Habitat for Humanity organization and resides in New Orleans, Louisiana.

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. The Bank, with total assets of $55.7 billion as of December 31, 2006, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit the Bank’s website at www.fhlb.com.

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