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 Three Directors

DALLAS, TEXAS, November 30, 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 reappointed two directors and appointed one new director to serve on the Bank’s Board of Directors.

Mary E. Ceverha and Bobby L. Chain were reappointed to serve three-year terms that will commence on January 1, 2008, and Patricia P. Brister was appointed to fill a three-year term that will commence on that same date.

Ms. Ceverha currently serves as Vice Chairman of the Bank’s Board of Directors. A Dallas resident, Ms. Ceverha also serves as Vice Chair of the Trinity Commons Foundation’s Government Relations Committee, and on the Community Advisory Board of the Dallas Heart Disease Prevention Project.

Mr. Chain has served on the Bank’s board since 2004.  He is Chairman and Chief Executive Officer of Chain Electric Company in Hattiesburg, Mississippi.  Mr. Chain served as mayor of Hattiesburg from 1980 to 1986.  He also serves as President of the Board of Trustees of the State Institutions of Higher Learning.

Ms. Brister, who previously served a three-year term on the Bank’s board from 2002 to 2004 and was Vice Chairman in 2004, is a retired businesswoman, who, with her husband, owned and operated her own company for 30 years before retiring and selling the company. In 2006, President George W. Bush appointed Ms. Brister as a United States Ambassador.  She headed the delegation to the United Nations Commission on the Status of Women.  She is also a past Chairman of the Women’s Build Habitat for Humanity.  Ms. Brister resides in St. Tammany Parish, 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 $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 www.fhlb.com.

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