• December 09, 2021
• Bulletin No: 2021-28

TO: SHAREHOLDERS

On December 27, 2021, the Federal Home Loan Bank of Dallas (Bank) will repurchase the portion of members’ excess stock identified as surplus stock as of that date. For this repurchase, surplus stock is defined as the amount of capital stock held by a member that exceeds 125 percent of its minimum investment requirement as of the repurchase date. A member’s minimum investment requirement is equal to the sum of its membership investment requirement and its activity-based investment requirement. A member’s surplus stock will not be repurchased if the amount of surplus stock is $2.0 million or less.

The Bank is providing members with the opportunity to opt-out of this surplus stock repurchase if they choose to do so. If your institution would prefer that the Bank not repurchase its surplus stock on December 27, 2021, please complete the Capital Stock Repurchase Opt-Out form and either fax it to the Bank at 214.441.8513, or email it to financialoperations@fhlb.com no later than 5:00 p.m. Central Time on Monday, December 27, 2021.

On December 27, 2021, the Bank will also repurchase all excess stock held by non-members as of that date. Non-members will not be permitted to opt-out of this repurchase.

Your institution’s current excess stock balance and an estimate of its surplus stock can be found on SecureConnect (at the bottom of the Capital Stock Worksheet, labeled “Excess / (Shortage) (B1)” and “Eligible for Mandatory Repurchase,” respectively), or by calling the Member Services Desk at 844.FHL.BANK (844.345.2265).

Sincerely,
 
Sanjay K. Bhasin
President and Chief Executive Officer