Statement Regarding Nonpublic Personal Information of its Members
The Federal Home Loan Bank of Dallas (FHLB Dallas) recognizes that in the course of providing services to the FHLB Dallas' members ("Members") and, in certain cases, non- members, FHLB Dallas receives confidential information related to customers of the Members.
Accordingly, FHLB Dallas has adopted the following practices and measures to safeguard the privacy of this information to support the Members in complying with applicable privacy laws and regulations:
FHLB Dallas does not disclose nonpublic personal information (as such term is defined in the Gramm-Leach-Bliley Act) about Members' customers to third parties, other than for the purpose of providing services to Members or as authorized by law or required for legal, accounting or regulatory purposes.
FHLB Dallas' Code of Conduct and Ethics requires all employees of FHLB Dallas to protect confidential information of the Members and prohibits employees from transmitting this information to persons outside of the Bank or to other employees of FHLB Dallas who have no need to know such information in order to discharge their duties as employees. Additionally, the Bank conducts background checks on all employees.
FHLB Dallas physically safeguards collateral belonging to its Members and containing confidential information about the Members' customers in its collateral vault. FHLB Dallas limits access to the vault to employees who need access to in order to fulfill the duties of their job.
FHLB Dallas' security and data destruction policies require Bank employees to undergo security awareness training and to properly protect and dispose of confidential information.
FHLB Dallas' Security Program Policy requires that sensitive information (including personally identifiable financial information within the meaning of the Gramm- Leach-Bliley Act) transmitted electronically outside of the Bank be encrypted.
FHLB Dallas' Security Program Policy requires FHLB Dallas to conduct periodic risk assessments to evaluate potential risks and vulnerabilities to FHLB Dallas' information systems, and to develop a security plan to mitigate possible losses resulting from a security breach.
FHLB Dallas will promptly notify its Members and any affected customers of the Members of any security breach that could have resulted in unauthorized disclosure of its Members' confidential information or harm to customers of its Members. If appropriate, FHLB Dallas will notify the national consumer reporting agencies.
In FHLB Dallas' Advances and Security Agreement, executed by each of the Members and FHLB Dallas, FHLB Dallas agrees that it will use and disclose nonpublic information received from its Members only to the extent necessary to provide products and services to its Members or as allowed by the Gramm-Leach-Bliley Act and related regulations.