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Bulletins

​Bulletin No.: 2017-23
September 6, 2017

TO: MEMBERS

SUBJECT: Bank Makes Available $1 Billion in Advances to Assist Members in Financing Hurricane Harvey Recovery

The Federal Home Loan Bank of Dallas (Bank) is making available $1 billion in low-cost Special Disaster Relief Program (SDRP) advances.

The Bank will begin accepting applications at 8:00 a.m. (CT) on September 7, 2017. The funds will be available until December 15, 2017. The application is enclosed and it is also available at fhlb.com/communityadvances. Applications will be processed on a first-come, first-served basis. 

For more information on how to access the advances, please register for a Disaster Recovery Program Advances Webinar on Thursday, September 14 from 2:00 p.m. to 3:00 p.m. CT. Register at fhlb.com/communityadvances.

This special advance offering is in addition to the low-cost DRP advances announced in member Bulletin 2017-20 on August 28, 2017.

  • Which member institutions are eligible?
    • Members and housing associates may apply for this SDRP advance to provide funding to individuals and organizations whose homes or businesses located in a FEMA or state-declared disaster area were damaged or destroyed.
  • What are the details of the SDRP?
    • How much money has the Bank made available?
      • $1 billion
    • What is the cost of this special DRP advance?
      • 1.05 percent
    • What is the advance term?
      • Up to six months
    • How long are funds available?
      • Through 5:00 p.m. (CT) December 15, 2017
  • What paperwork is needed?

 

Sincerely,

Sanjay K. Bhasin
President and Chief Executive Officer