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FHLB Bulletins

Bulletin No.: 2012-12
September 13, 2012

TO: STOCKHOLDERS

SUBJECT: Louisiana Parishes and Mississippi Counties Declared Major Disaster Areas

In response to damage caused by Hurricane Isaac in parts of Louisiana and Mississippi, the Federal Home Loan Bank of Dallas (Bank) has made available its Disaster Relief Program (DRP) to assist recovery efforts in those states.  Funding under the DRP will be available during the period from September 13, 2012 through March 13, 2013. Individuals and business owners located within federally declared disaster areas, as determined by the Federal Emergency Management Agency (FEMA), may apply for the funds through the Bank’s member financial institutions.

As of August 29, 2012, FEMA had designated the following Louisiana parishes as disaster areas: Ascension, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Saint Bernard, Saint John the Baptist, and Saint Tammany. As of that same date, FEMA had designated the following Mississippi counties as disaster areas: Hancock, Harrison, Jackson, and Pearl River.

In addition, individuals and business owners located within any parishes or counties that are subsequently declared as major disaster areas by FEMA will be eligible to apply for DRP funds.

The DRP makes subsidized advances available to members to assist individuals and families whose homes or businesses were damaged or destroyed by the hurricane.  The funds are available to members and their customers who are located within a federally declared disaster area.

Under the DRP:

  • Funds are priced below the Bank’s regular Community Investment Program (CIP) rates.
  • Income eligibility limits are expanded to 165 percent of the area median income.
  • Advances terms range from 3 months to 30 years.

For more detailed program information, including application forms and subsequently designated counties, visit the Bank’s website at fhlb.com or contact your member sales officer at 800.442.9841.

Sincerely,


Steve Otto
Vice President and Director of Member Sales

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