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Bulletins

Bulletin No.: 2017-26
October 24, 2017

TO: MEMBERS

SUBJECT: Bank Introduces the Name Your Own Advance (NYOA) Platform

The Federal Home Loan Bank of Dallas (Bank) is pleased to announce a new advance rate discovery platform — “Name Your Own Advance” (NYOA). This NYOA platform provides a new way of seeking and obtaining low-cost fixed-rate, fixed-term (FRFT) funding. Rather than searching available FRFT advances on fhlb.com or calling Member Services, members can design NYOA advances on SecureConnect to fit their institution's funding needs.

How It Works

With NYOA, a member may request FRFT advances from $5 million to $50 million with a specific maturity date or term (one year to 20 years) and a desired rate, which may be lower than the posted advance rate for the same term.

The Bank will search the market to determine if the request can be filled within the member’s requested time frame. The time frame for a response from the Bank may be set for as little as one hour or until the NYOA platform closes, usually 3:00 p.m. CT. If unable to fill the request, the Bank may present a counter-offer for consideration, if the member elects to receive counter-offers on the NYOA platform.

Learn More

Log in to SecureConnect on fhlb.com to view an on-demand webinar that explains how to request NYOA advances.

Member Benefits

  • Meet current funding needs at a rate and term determined by the member
  • Potentially acquire funding at a rate lower than the posted rate and which matures at a date determined by the member
  • Take advantage of favorable intraday rate movements and funding opportunities
Contact Member Services at 844.FHL.BANK (844.345.2265), Member.Services@fhlb.com or your Relationship Manager for more information. Thank you for your valued partnership.

Sincerely,

 

Jibo Pan
EVP, Head of Capital Markets and Treasurer