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Bulletins

Bulletin No.: 2018-20
October 10, 2018

TO: MEMBERS

SUBJECT: Enhanced Reporting Capabilities and Other Changes are Coming to the Bank's Safekeeping Platform

The Federal Home Loan Bank of Dallas (Bank) is pleased to announce enhancements to its safekeeping services, which will go into effect on October 29, 2018. A new system will replace the Bank's current safekeeping custodian. In addition, the Bank will implement a new member-facing front-end portal to execute and monitor safekeeping transactions with new reporting capabilities.

Beginning on October 29 your brokers will use a new safekeeping account number, as well as instructions specific to the new custodian when delivering securities to the Bank. Information on the new account number and the settlement instructions will be provided to your institution no later than October 15.

Members may access their new safekeeping services through a new portal, which will serve as your one-stop shop to view statements and reports, monitor accounts and conduct transactions. You will receive a separate mailing that will provide login information.

Benefits of the new safekeeping platform include:

  • Access to hundreds of reports
  • Customizable, real-time, scheduled reporting
  • Multi-account structure for each member
  • Customized workflow dashboards
  • Ability to monitor trade status in real time
  • Automation of Security Payment Orders (SPO), repo transactions and pledging
  • Ability to bulk upload transactions
  • Reduced paper forms for transactions
Educational Opportunities
Multiple educational opportunities will be available to members to assist with the transition through onsite member education events, on-demand and live webinars and training materials. The on-demand webinars and user guides will be available on SecureConnect by October 19. Members will be able to submit email questions during the webinar. Live webinars will be offered shortly after the transition to the new platform.

Beginning in late November, workshops will be offered in several cities throughout the District. Dates and locations will be announced soon.

Safekeeping Fees
In connection with these changes, we will be standardizing and simplifying our fee structure. The new fee structure, which is set forth below, will not take effect until February 1, 2019.

New Fee Structure
Holdings Fees
Holdings DTC $4.00
Principal and Income DTC Transactions $3.00
Holdings Fed $4.00
Principal and Income Fed Transactions $3.00
Holdings Physical $4.00
Principal and Income Physical Transactions $3.00
Transactions Fees
Transactions DTC $3.00
Transactions Fed $5.00
Transactions Maturities $6.50
Transactions Corporate Events $6.50

If you have questions, please contact Safekeeping Services at 214.441.8010 or safekeeping@fhlb.com.

Sincerely,



Gustavo Molina
Senior Vice President and Chief Banking Operations Officer