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Bulletin No.: 2016-36
December 12, 2016

TO: MEMBERS

SUBJECT: Excess Stock Repurchase on December 27, 2016

On December 27, 2016, the Federal Home Loan Bank of Dallas (Bank) will repurchase the portion of members' excess stock identified as surplus stock as of that date. For this repurchase, surplus stock is defined as the amount of capital stock held by a member that exceeds 125 percent of its minimum investment requirement. A member's surplus stock will not be repurchased if the amount of surplus stock is $2.5 million or less. A current estimate of your institution's excess stock subject to repurchase can be found on SecureConnect (at the bottom of the Capital Stock Worksheet, labeled "Eligible for Mandatory Repurchase"), or by calling the Member Services Desk at 844.FHL.BANK (844.345.2265).

The Bank is providing members with the opportunity to opt-out of this repurchase if they choose to do so. If your institution would prefer that the Bank not repurchase its surplus stock on December 27, 2016, please complete the enclosed Capital Stock Repurchase Opt-Out form and either fax it to the Bank at 214.441.8513, or email it to bpr@fhlb.com no later than 5:00 p.m. Central Time on Tuesday, December 27, 2016.

 

Sincerely,

 

Sanjay K. Bhasin

President and Chief Executive Officer