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Director Elections

Federal Home Loan Bank of Dallas Director Guidelines

The Federal Home Loan Bank of Dallas (FHLB Dallas) is authorized to have 17 directors: nine member directors and eight independent directors. Member directors are selected through a state-by-state nomination and election process within the Federal Home Loan Bank of Dallas District. Independent directors are nominated by the FHLB Dallas' Board of Directors and elected at large through a process in which ballots are sent to all members in FHLB Dallas' five-state District.

FHLB Dallas Member Director Eligibility

Each FHLB Dallas member director and nominee must be an officer or director of a member institution located in the state for which the Federal Housing Finance Agency (FHFA) has allocated an open directorship, and must represent a member institution that meets all minimum capital requirements established by its regulatory agency. Member directors must certify annually to the FHFA that the institution they represent meets all applicable minimum capital requirements. Additionally, member directors and nominees must be citizens of the United States. To be eligible, each independent director and nominee must demonstrate either (1) that he/she has knowledge of or experience in one or more of the following areas: auditing and accounting, derivatives, financial management, organizational management, project development, risk management practices and law, or (2) that he/she has more than four years' experience representing consumer or community interests in banking services, credit needs, housing or consumer financial protections. An independent director may not serve as: (i) an officer, employee or director of any member of FHLB Dallas or of a recipient of advances from FHLB Dallas, subject to certain exceptions for positions with holding companies, or (ii) as an officer of any Federal Home Loan Bank. Additionally, independent directors and nominees must be citizens of the United States and residents of the FHLB Dallas' District. The Chair and Vice Chair of the Board of Directors are elected from among FHLB Dallas' directors for a term of two years by a majority of the FHLB Dallas' directors.

Independent Director Elections

On June 21, 2021, the Federal Home Loan Bank of Dallas will announce the start of the 2021 Election of Federal Home Loan Bank Directors. If you are interested in serving as an independent director, please see below. Nomination forms for member directorship were mailed to each member of FHLB Dallas eligible to vote in the election.

As prescribed in 12 C.F.R. § 1261.5(c), an individual may be eligible to serve as an independent director if the individual is (1) a citizen of the United States and (2) a bona fide resident of a state in FHLB Dallas' district. As is the case with nominees for member directorships, a nominee for an independent directorship that is an incumbent director is not eligible to serve if (1) the nominee’s current term will not expire before the new term of office would begin, or (2) the nominee has been elected to three consecutive full terms (as defined in Section 1261.5(d)(2) of the Regulations) and has served for all or part of each such term. Also, a nominee that is a former director who has been elected to three consecutive full terms (as defined in Section 1261.5(d)(2) of the Regulations) and has served for all or part of each such term is not eligible for election to a term that begins earlier than two years after the expiration of the individual’s last term.

Additionally, as specified in the Bank Act and in the Regulations, each individual who wishes to be a nominee for an independent directorship must demonstrate that he or she has knowledge of or experience in one or more of the following areas: auditing and accounting; derivatives; financial management; organizational management; project development; risk management practices; and the law. Please note that FHLB Dallas supports diversity in the make-up of its Board of Directors and encourages diverse individuals who meet eligibility requirements to consider applying to be a nominee for open independent directorships.

Any individual who wishes to be considered for an independent directorship must deliver to FHLB Dallas an executed original Independent Director Application form prescribed by the Finance Agency. Please forward the original Independent Director Application to the attention of Bre Chapman, Federal Home Loan Bank of Dallas, P.O. Box 619026, Dallas, Texas 75261-9026. (Please note that the independent directorships being filled this year are not designated as a public interest directorship.) At the time that this was written, the form could be found on the FHFA's website.

FHLB Dallas will accept only signed original Independent Director Application forms that are received by the Bank on or before July 26, 2021. FHLB Dallas will not accept Independent Director Applications by fax or in electronic forms. If you have any questions concerning the director elections, please contact Brehan Chapman at 214.441.8459 or Denise Claudio at 214.441.8458.


The Board of Directors 2021 Election Schedule for Member Directors is as follows:

Thursday, June 17

Approximate date Corporate Secretary will address the Board to decide (i) whether the Board wants to perform an assessment of the skills and experience of current Directors and to determine whether the capabilities of the Board would be enhanced through the addition of individuals with particular skills and experience; (ii) how to make the foregoing decisions (by the full Board acting alone or acting on the Government and External Affairs Committee’s recommendation); and (iii) if the Board decides to perform the assessment described in (i) above, whether the Board wants to communicate such determination in its announcement of elections and in the materials mailed with ballots. If the Board determines to proceed with any of (i) through (iii), then scheduling a meeting(s) of the Board and/or Government and External Affairs Committee is required.

Monday, June 21

Approximate date of announcement of the 2021 Director Elections of FHLB Dallas Member Directors. Nomination certificates are mailed to eligible stockholders in the voting states for 2021.

Monday,  July 26

Nomination deadline. Signed, original Nomination Certificates must be received by FHLB Dallas.

Wednesday, July 28

Eligibility Certifications are sent to nominees via FedEx.

​Monday, September 13

Nominee Acceptance Deadline. Candidates running for election must return the original completed Eligibility Certification to FHLB Dallas.

Monday, September 20

Approximate date SSB will send ballots via email addresses to eligible stockholders in the designated voting state(s) for 2021.

Thursday, November 4

Voting deadline.

Monday, November 8

Tabulation of election results begins.

Friday, November 12

FHLB Dallas will notify the candidates and the FHFA the results of the 2021 Election of FHLB Dallas Directors. Statewide election results, including the total number of votes received by each candidate on the ballot, will be posted to the Bank’s website and mailed to stockholders, each nominee and FHFA.

The Board of Directors 2021 Election Schedule for Independent Directors is as follows:

Thursday, June 17

Approximate date Corporate Secretary will address the Board to decide (i) whether the Board wants to perform an assessment of the skills and experience of current Directors and to determine whether the capabilities of the Board would be enhanced through the addition of individuals with particular skills and experience; (ii) how to make the foregoing decisions (by the full Board acting alone or acting on the Government and External Affairs Committee’s recommendation); and (iii) if the Board decides to perform the assessment described in (i) above, whether the Board wants to communicate such determination in its announcement of elections and in the materials mailed with ballots. If the Board determines to proceed with any of (i) through (iii), then scheduling a meeting(s) of the Board and/or Government and External Affairs Committee is required. The Board determines the number of public interest directors it wishes to have on the Board starting on January 1 of the following year.

Monday, June 21

Approximate date of announcement of the 2021 Director Elections of FHLB Dallas Independent Directors to stockholders, members of the Advisory Council, and to any individuals identified by the Board.

Monday,  July 26

​Deadline for applications to be returned to FHLB Dallas.

Monday, August 2

Government and External Affairs Committee meets to review qualifications of applicants, determine their eligibility under the regulations (including eligibility as public interest directors, if applicable), and, to the extent necessary, schedule interviews with eligible applicants.

Tuesday, August 17

Government and External Affairs Committee will meet with eligible applicants (if applicable).

Friday, August 27

Chairman of the Government and External Affairs Committee meets with the Advisory Council to consult regarding applicants.

Wednesday, September 1

Government and External Affairs Committee meets to determine and to recommend to the Board the nominee(s) for independent directorships and the Board will finalize list of nominee(s) to be sent to Finance Agency.

Friday, September 3

Submit list of nominee(s) and completed application(s) to Finance Agency.

Monday, September 20

Approximate date SSB will send ballots via email addresses to stockholders for 2021.

Thursday, November 4

Voting deadline.

Monday, November 8

Tabulation of election results begins.

Friday, November 12

FHLB Dallas will notify the candidates and the FHFA the results of the 2021 Election of FHLB  Dallas Directors. Statewide election results, including the total number of votes received by each candidate on the ballot, will be posted to the Bank’s website and mailed to stockholders, each nominee and FHFA.