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Bulletin No.: 2017-25
September 21, 2017

TO: MEMBERS

SUBJECT: Third Quarter 2017 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 2017.

The annualized dividend rate on Class B-1 Stock (membership and excess stock) is 1.06 percent, which equates to the average one-month LIBOR rate for the second quarter of 2017. 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 2.06 percent, which equates to the average one-month LIBOR rate for the second quarter of 2017 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 1.06 percent and 2.06 percent will be applied to members' average balances of Class B-1 Stock and Class B-2 Stock, respectively, which were held during the period from April 1, 2017 through June 30, 2017. The third quarter dividends on Class B-1 and Class B-2 Stock will be paid on Wednesday, September 27, 2017 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