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Corporate Governance

​Corporate Governance

At FHLB Dallas, we believe that good corporate governance is more than a requirement — it is the right way to do business.
Our corporate bylaws and corporate governance practices are essential to fulfilling our mission of supporting homeownership, affordable housing, and community lending by providing a readily available, low-cost source of funds to member institutions.

Fraud Reporting

The Federal Home Loan Bank of Dallas (FHLB Dallas) is committed to conducting business in accordance with the highest ethical and legal standards. In support of its commitment, FHLB Dallas has adopted an Anti-Fraud, Anti-Money Laundering, and Whistleblower Policy. FHLB Dallas expects that all of its employees, contractors, vendors, and suppliers will report any instances of suspected fraud involving the Bank or any complaints about FHLB Dallas' accounting, internal accounting controls, or auditing matters. Such reports should be made confidentially via EthicsPoint.

EthicsPoint

Online:fhlb.ethicspoint.com

Phone: 844.252.3067

It's confidential, easy-to-use, and always available.

Code of Conduct and Ethics 

We believe maintaining the highest standards of honesty, integrity, impartiality, and conduct for our employees is essential to ensure that FHLB Dallas operates properly and maintains public confidence. FHLB Dallas employees and directors conduct themselves in accordance with our codes.

 

​ ​Board of Directors ​

Quinlan.jpg

Joseph F. Quinlan, Jr. – Chair              

Chairman, President and CEO   

First National Bankers'
Bank

Baton Rouge, LA

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Mary E. Ceverha

Civic Volunteer

Dallas, TX

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Arthur Frederick Miller, Jr.        

President & CEO

Bank of Anguilla

Anguilla, MS

Mike-Rigby.jpg

R. Michael Rigby – Vice Chair

Market President

Liberty Bank

North Richland Hills, TX

christman.jpg

Albert C. Christman                   

President & CEO

Guaranty Bank & Trust
Company of Delhi

Delhi, LA

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Sally Ingalls Nelson

Chairperson

Nextwave Ventures

Huntsville, TX

Cheryl-Alston2.jpg

Cheryl Alston

Executive Director

Dallas Employees’ Retirement Fund
of the City of Dallas

Dallas, TX

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C. Kent Conine

President

Conine Residential Group, Inc.

Dallas, TX

John Salazar.jpg

John P. Salazar

Attorney

Rodey, Dickason, Sloan, Akin, & Robb, P.A.

Albuquerque, NM

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Dianne W. Bolen

Retired

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James D. Goudge

Chairman & CEO

Broadway Bank

San Antonio, TX

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Margo S. Scholin

Retired Attorney

Houston, TX

Pat Brister.jpg

Patricia P. Brister

President

St. Tammany Parish

Covington, LA

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W. Wesley Hoskins

President, Chairman and CEO

First Community Bank

Corpus Christi, TX

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Ron G. Wiser

President & CEO

Bank of the Southwest

Roswell, NM

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Tim H. Carter

Regional President

Southside Bank

Fort Worth, TX

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Michael C. Hutsell

President, Director

First Security Bank

Searcy, AR

 

Standing Committees of FHLB Dallas​

Executive Governance

  • Joe Quinlan (Chairman)
  • Mike Rigby (Vice Chair)
  • Patricia Brister
  • Albert Christman
  • Kent Conine
  • John Salazar
  • Margo Scholin
  • Ron Wiser

Strategic Planning, Operations, and Technology

  • Margo Scholin (Chairman)
  • Tim Carter (Vice Chair)
  • Cheryl D. Alston
  • Albert Christman
  • Wes Hoskins
  • Sally Ingalls Nelson
  • Joe Quinlan
  • Mike Rigby
  • John Salazar

Government and External Affairs

  • John  Salazar (Chairman)
  • Wes Hoskins (Vice Chair)
  • Dianne Bolen
  • Patricia Brister
  • Kent Conine
  • James Goudge
  • Joe Quinlan
  • Mike Rigby

Risk Management

  • Albert Christman (Chairman)
  • James Goudge (Vice Chair)
  • Cheryl D. Alston
  • Mary Ceverha
  • Fred Miller
  • Joe Quinlan
  • Mike Rigby
  • Ron Wiser

Affordable Housing and Economic
Development

  • Kent Conine (Chairman)
  • Dianne Bolen (Vice Chair)
  • Fred Miller
  • Michael Hutsell
  • John Salazar
  • Joe Quinlan  
  • Mike Rigby

​Compensation and Human Resources

  • Patricia Brister (Chairman)
  • Mary Ceverha  (Vice Chair)
  •  Kent Conine
  • Sally Ingalls Nelson
  • Fred Miller
  • Joe Quinlan
  • Mike Rigby

Audit

  • Ron Wiser (Chairman)
  • Michael Hutsell (Vice Chair)
  • Tim Carter
  • Sally Ingalls Nelson
  • Margo Scholin
  • Joe Quinlan
  • Mary Ceverha
  • Mike Rigby

            

Federal Home Loan Bank of Dallas Director Guidelines

The Federal Home Loan Bank of 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 Bank's Board of Directors and elected at large through a process in which ballots are sent to all members in the Bank's 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 (the Finance Agency) 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 Finance Agency 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 the Bank or of a recipient of advances from the Bank, 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 Bank's District. The Chair and Vice Chair of the Board of Directors are elected from among the Bank's directors for a term of two years by a majority of the Bank's directors.

Independent Director Elections

Applications closed

On June 15, 2017, the Federal Home Loan Bank of Dallas will announce the start of the 2017 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 the Bank 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 the Bank’s 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 know for one of the two independent directorships, the Board will give additional consideration to applicants who hold a background in risk management and/or in financial strategy with an emphasis in capital markets. Please note that the Bank 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 the Bank 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 Finance Agency’s website at: http://www.fhfa.gov/SupervisionRegulation/FederalHomeLoanBanks/Documents/FHLB-Independent-Director-Application-Exp-12-31-17.pdf

The Bank will accept only signed original Independent Director Application forms that are received by the Bank on or before August 3, 2017. The Bank 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.

 

Member Directors 2017 Election Schedule is as Follows:

​Monday,
April 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), schedule the meeting(s) of the Board and/or Government Relations Committee required.

Thursday,
June 15 
Announcement of the start of the 2017 Election of Federal Home Loan Bank of Dallas Member Directors. Nomination certificates are mailed to eligible stockholders in the voting states for 2017.
Thursday, August 3

Nomination deadline. Signed, original Nomination Certificates must be received by the Federal Home Loan Bank of Dallas.

Monday,
August 7       

Eligibility Certifications are sent to nominees by FedEx.

Tuesday, September 19 

Nominee Acceptance Deadline. Candidates running for election must return the completed Eligibility Certification to the Federal Home Loan Bank of Dallas.

Tuesday, September 26

Approximate date when ballots will be mailed to eligible stockholders in the designated voting state(s) for 2017.

Tuesday, November 7  

Voting deadline.

Wednesday, November 8

Tabulation of election results begins.​

Thursday, November 9

The Federal Home Loan Bank of Dallas announces the results of the 2017 Election of Federal Home Loan Bank of Dallas Directors. Statewide election results, including the total number of votes received by each candidate on the ballot, will be mailed to stockholders.

Independent Directors 2017 election schedule is as follows:​ ​

Monday,
April 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), schedule the meeting(s) of the Board and/or Government Relations Committee required.
Thursday,
June 15       
Letter mailed to announce the start of the 2017 Election of Federal Home Loan Bank of Dallas Independent Directors to stockholders, members of the Advisory Council, and to any individuals identified by the Board.
Thursday,
August 3

​Deadline for applications to be returned to the Federal Home Loan Bank of Dallas.

Monday,
August 7

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 22
Government and External Affairs Committee will meet with eligible applicants (if applicable).
Friday,
August 25

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

Wednesday,
September 6

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 8

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

Tuesday, September 26

Approximate date when ballots will be mailed to stockholders for 2017.

Tuesday, November 7  

Voting deadline.

Wednesday, November 8

Tabulation of election results begins.

Thursday, November 9

The Federal Home Loan Bank of Dallas announces the results of the 2017 Election of Federal Home Loan Bank of Dallas Directors. District-wide election results will be mailed to stockholders.

 

The 13-member FHLB Dallas Affordable Housing Advisory Council provides direction and recommendations to the Bank's Board of Directors on the District's housing finance and community lending needs. The members represent groups such as community-based organizations, for-profit and nonprofit organizations, local governments, and housing authorities throughout the Bank's District. Nominees must reside in the District and in the state they represent, should hold a leadership position within their organization, which, of itself, should have a demonstrated capacity to assist in the creation of affordable housing and/or community-based economic development, and should have a history of service to very low-, low- and moderate-income housing or community lending in the District. Employees of member institutions are not eligible to serve. 


2017 FHLB Dallas Advisory Council​ ​ ​

            
André Stephens

André Stephens (Chairman)

St. Francis Community Development Corporation

Arkansas

Jacque Haas Woodring            

Jacque Haas Woodring

Commonwealth Multifamily Housing Corporation

Texas

Karen Phillips

Karen Phillips

Crawford Sebastian CDC, Inc.

Arkansas

Tim Pierce

Tim Pierce
(Vice Chairman)

South Plains Association of Governments

Texas

Matt Hull

Matt Hull

Texas Association of Community Development Corporations

Texas

Felipe Rael

Felipe Rael

Greater Albuquerque Housing Partnership

New Mexico

Angela Curry

Angela Curry

Greenwood-Leflore-Carroll Economic Development Foundation

Mississippi

Arlene Leviege

Arlene Leviege

Tunica-Biloxi Housing Authority

Louisiana

Scott Spivey

Scott Spivey

Mississippi Home
Corporation

Mississippi

Jeff Curry

Jeff Curry

JL Gray Company

New Mexico

Chris Monforton

Chris Monforton

Habitat for Humanity Mississippi Gulf Coast

Mississippi

Michelle Whetten

Michelle Whetten

Enterprise Community Partners, Inc.

Louisiana 

Michelle Den Bleyker

Michelle Den Bleyker

YES Housing, Inc.

Texas