FOR IMMEDIATE RELEASE

Contact:

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

Federal Home Loan Bank of Dallas Announces Board of Director Election Results

DALLAS, TEXAS, November 20, 2007 – The Federal Home Loan Bank of Dallas (Bank) announced today the election of James Clayton, John (Bo) Stahler, and R. Glenn Wertheim as Directors of the Bank.  James Clayton and Bo Stahler currently serve on the Bank’s Board and were re-elected.  All three directors will serve three-year terms commencing January 1, 2008.

Mr. Clayton serves as Chairman and Chief Executive Officer of Planters Bank and Trust in Indianola, Mississippi.  Mr. Stahler serves as President and Chief Executive Officer of American National Bank in Wichita Falls, Texas.  Mr. Wertheim serves as President of Charter Bank in Albuquerque, New Mexico.

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 $58.9 billion as of September 30, 2007, 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 fhlb.com.

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