Sign In
Bulletins

​​​​​

Bulletin No.: 2015-34

November 23, 2015

TO: MEMBERS

SUBJECT: Bank Offers Reduced Spread on Certain Longer-Term Advances

During the period from November 24, 2015 through December 31, 2015, the Federal Home Loan Bank of Dallas (Bank) is reducing the spread on qualifying Discount Note Floating Rate advances with maturities of greater than two years up to five years.

This reduction will lower your cost by reducing the spread to the index on these advances from 13 basis points (bps) to 10 bps. The reduced spread will apply during the full term of the qualifying advances that are funded during the period from November 24, 2015 through December 31, 2015.  See the chart below. ​

 

DN-Linked
Advance Term

Advances Funded
(Before October 21, 2015)

Special Advances Offering Spread*
(Advances Funded Through December 31, 2015)

Standard Spread
(Advances Funded Beginning January 1, 2016)

Current Spread**

Reduced Spread***

1 to 2 years

> 2 years to 5 years

> 5 years to 10 years

10 bps

15 bps

15 bps

8 bps           Unchanged at 8 bps

10 bps

15 bps

15 bps

13 bps                   10 bps

13 bps         Unchanged at 13 bps

* On qualifying advances under the amended Capital Plan. ** Reflects spread on advances funded during the period from October 21, 2015 through November 23, 2015. *** Reflects spread on advances funded during the period from November 24, 2015 through December 31, 2015.

     

The Bank previously announced a reduced interest rate for most advances with a maturity of one year or greater, which will continue to be offered through December 31, 2015. See Bulletin No. 2015-26 and 2015-29 for details on those offerings, or contact Member Services at 844.FHL.BANK (844.345.2265).

Thank you for your valued partnership.

Sincerely,

 

Kalyan Madhavan
Executive Vice President and Group Head, Members and Markets

 

 

###        ​