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Bulletin No.: 2015-37
December 21, 2015

 TO: MEMBERS

SUBJECT: Fourth Quarter 2015 Dividend

 The Board of Directors of the Federal Home Loan Bank of Dallas has declared a dividend in the form of capital stock for the fourth quarter of 2015 at an annualized rate of 0.375 percent. The fourth quarter dividend, applied to average Class B stock held during the period from July 1, 2015 through September 30, 2015 and based upon operating results for that same period, will be paid on December 31, 2015. The dividend payment will be made in the form of Class B-1 stock with any fractional shares paid in cash.

Please call Member Services at 844.FHL.BANK (844.345.2265) if you have any questions.

Sincerely,

Sanjay K. Bhasin
President and Chief Executive Officer