• March 31, 2021
• Bulletin No: 2021-07

This bulletin expands on previous communications with regard to the Federal Home Loan Bank of Dallas’ (Bank) LIBOR transition plan. In preparation for the possible phase-out of the London Interbank Offered Rate (LIBOR) by the end of 2021 or June 2023 (depending upon the tenor), we need to inform you that your LIBOR-indexed collateral valuations and/or haircuts could change. In addition, those changes could potentially occur more frequently than in prior years depending on market developments. 

The Bank is closely monitoring market developments and expects to make decisions later this year with respect to any changes in collateral valuations and/or haircuts. 

Sincerely,


Michael Zheng
SVP and Chief Credit Officer