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Bulletin No.: 2016-28
September 26, 2016

TO: MEMBERS

SUBJECT: Third Quarter 2016 Dividend

The Board of Directors of the Federal Home Loan Bank of Dallas (Bank) has declared dividends in the form of capital stock on Class B-1 Stock and Class B-2 Stock for the third quarter of 2016.

The annualized dividend rate on Class B-1 Stock (membership and excess stock) is 0.444 percent, which equates to the average one-month LIBOR rate for the second quarter of 2016. This dividend rate is equal to the Bank's current target dividend rate for Class B-1 Stock.

The annualized dividend rate on Class B-2 Stock (activity-based stock) is 1.444 percent, which equates to the average one-month LIBOR rate for the second quarter of 2016 plus 100 basis points. This dividend rate is at the upper end of the Bank's current target range for dividends on Class B-2 Stock.

The annualized dividend rates of 0.444 percent and 1.444 percent will be applied to members' average balances of Class B-1 Stock and Class B-2 Stock, respectively, that were held during the period from April 1, 2016 through June 30, 2016. The third quarter dividends on Class B-1 and Class B-2 Stock will be paid on Wednesday, September 28, 2016 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 questions.

 

Sincerely,

 

Sanjay K. Bhasin
President and Chief Executive Officer