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Bulletins

Bulletin No.: 2014-27
November 19, 2014

TO: STOCKHOLDERS

SUBJECT: Election of Directors

The Federal Home Loan Bank of Dallas (Bank) is pleased to announce the results of the 2014 election for four positions on the Bank’s Board of Directors (Board), which consisted of two independent directorships – one designated as a public interest director – and two member director openings, one for New Mexico and one for Mississippi. All director seats that were filled have a four-year term commencing January 1, 2015 and expiring December 31, 2018. There were no member director seats to be filled this year for the states of Arkansas, Louisiana, or Texas.

A. Fred Miller, Jr. was the sole candidate for the Mississippi member director seat and Ron G. Wiser was the sole candidate for the New Mexico member director seat, so they were deemed elected without further action. Dianne W. Bolen was elected as a public interest independent director and Mary E. Ceverha was re-elected as an independent director.

The total number of votes eligible to be cast in the election for independent directors was 3,222,990; 252 valid ballots were received for the public interest independent director seat and 253 valid ballots were received for the other independent director seat.

The detailed results of the election were as follows:

Mississippi

A. Fred Miller, Jr                                                       Sole Candidate
President & CEO
Bank of Anguilla
Anguilla, MS 38721

New Mexico

Ron G. Wiser                                                            Sole Candidate
President and CEO
Bank of the Southwest
Roswell, NM 88201

Public Interest

Dianne W. Bolen                                                       Sole Candidate
Executive Director
Mississippi Home Corporation
Jackson, MS 39202

Independent

Mary E. Ceverha                                                       Sole Candidate
Civic Volunteer
Dallas, TX 75219

Ms. Bolen and Ms. Ceverha received 1,264,723 votes and 1,263,974 votes, respectively. As required, each nominee received at least 20 percent of the number of votes eligible to be cast in the election to fill the directorship for which they were nominated.

Biographical information on the independent directors is provided below. If you have any questions regarding the election process, please contact Bre Chapman, Corporate Secretary, at 214.441.8459.

Sincerely,

Sanjay Bhasin
President and Chief Executive Officer


Biographical Information for the Independent and Public Interest Directors:

Dianne W. Bolen

Dianne W. Bolen serves as Executive Director of the Mississippi Home Corporation in Jackson, Mississippi, and has served in that capacity since 1997. The Mississippi Home Corporation is a state housing finance agency that provides rental and homeownership programs to persons of low to moderate income. Ms. Bolen joined the Mississippi Home Corporation in 1990. From 1990 to 1992, she served as Finance Director and from 1992 to 1997, she served as Deputy Executive Director. Ms. Bolen has also served as Assistant Secretary Treasurer since 1990. Until recently, Ms. Bolen served on the board of directors of the National Council of State Housing Agencies ("NCSHA"). She currently co-chairs the NCSHA's Municipal Disclosure Task Force. Ms. Bolen is a member of the National Mortgage Bankers Association and the Affordable Housing Tax Credit Coalition. She also serves as Vice Chairman of the Affordable Housing and Economic Development Committee of the Bank’s Board of Directors. Ms. Bolen previously served on the Bank's affordable housing Advisory Council from 1998 through 1999 and from 2007 through 2009.

Mary E. Ceverha

Mary E. Ceverha is Vice Chairman of the Board of Directors of the Federal Home Loan Bank of Dallas (Bank) and has served in that capacity since December 2005. From January 2005 to December 2005, she served as Acting Vice Chairman of the Board of Directors of the Bank. A civic volunteer who resides in Dallas, Texas, she has served as a director of the Bank since 2004. Ms. Ceverha is also a current director and past president of Trinity Commons Foundation, Inc. Founded by Ms. Ceverha in 2001, this not-for-profit organization coordinates fundraising and other activities relating to the construction of the Trinity River Project, a public works redevelopment project in Dallas, Texas. Previously, she served on the steering committee of the President’s Research Council for the University of Texas Southwestern Medical Center, which raises funds for medical research, and as a member of the Greater Dallas Planning Council. Ms. Ceverha is also a former board member and president of Friends of Fair Park, a nonprofit citizens group dedicated to the preservation of Fair Park, a national historic landmark in Dallas, Texas, and she is a former Commissioner of the Dallas Housing Authority. From 1995 to 2004, she served on the Texas State Board of Health. Ms. Ceverha currently serves on the Council of Federal Home Loan Banks and is a member of the Chair and Vice Chair Committee of the Council of Federal Home Loan Banks. She also serves as Vice Chairman of the Executive Committee of the Bank’s Board of Directors.