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Bulletin No.: 2017-18
June 13, 2017


SUBJECT: Texas Developer Granger MacDonald Joins
Board of Directors

The Federal Home Loan Bank of Dallas (Bank) is pleased to announce the election by the Bank's Board of Directors (Board) of G. Granger MacDonald to fill the current vacancy on the Board. Mr. MacDonald fills an independent director seat that was vacated in April 2017. He will serve out the remainder of the term for that seat, which expires December 31, 2017.

Mr. MacDonald is chairman and CEO of three multifamily property management and development companies based in Kerrville, Texas: MacDonald Property Management, LLC, MacDonald & Associates, Inc. and G.G. MacDonald, Inc. Mr. MacDonald has developed over 50 multifamily apartment communities throughout Texas during four decades in construction and development.

Mr. MacDonald is a founding member of the Texas Affiliation of Affordable Housing Providers and he currently serves as chairman of the board of the National Association of Home Builders. Additionally, he is a member of the Texas Association of Builders, the Hill Country Builders Association, Greater San Antonio Builders Association and the Home Builders Association of San Angelo. Mr. MacDonald also currently serves on the board of trustees for Schreiner University.

Please join me in welcoming Mr. Granger to the Board. If you have any questions, please contact Bre Chapman, Executive Vice President and Chief Administrative Officer, at 214.441.8459.



Sanjay K. Bhasin
President and Chief Executive Officer