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Short-Term Advances

​FHLB Dallas Short-Term Advances

Short-Term Maturities

Maximizer (MAX)

Term
  • Overnight, fixed
  • Floater, up to 30 days
Interest Rate
  • Priced daily based on discount note market.
  • Floating rate, adjusted daily based on Fed funds for term of advances. Interest collected daily.
Interest Day Count

Actual/360

Availability
  •  Member executes advance on SecureConnect by 10:00 a.m. CT.
  •  No cap
  •  Does not count against $50 million
  •  SCS cap (See SecureConnect Saver below)

SecureConnect Saver (SCS)

Term
Overnight
Interest Rate
Priced daily based on FHLB Dallas' discount note market.
Interest Day Count
Actual/360
Availability
  • Member executes advance on SecureConnect by 10:00 a.m. for best rate.
  • >$5 million must be transacted by 1:00 p.m. CT. After 1:00 p.m. CT, please contact the Member Services Desk.
  • < $5 million must be transacted by 4:00 p.m. CT.
  • $50 million cap

Discount Note Advance (DNA)

Term
  • 7-day  
  • 14-day
  • 21-day  
  • 28-day
Interest Rate
Fixed for term of advance based on discount note market.
Interest Day Count
Actual/360
Availability
  • Member executes advance on SecureConnect by 10:00 a.m. CT for best rate.
  • No cap.
  • Does not count against $50 million SCS cap.
  • >$5 million must be transacted by 1:00 p.m. CT.
  • < $5 million must be transacted by 4:00 p.m. CT.

Whole Loan Advance (WLA)

Term
Overnight, Fixed
Interest Rate
Priced daily based on the prevailing short-term Fed funds market.
Interest Day Count
Actual/360
Availability
  • Request by telephone by 10:00 a.m. CT for best rate.
  • $50 million cap on overnight only.
  • >$5 million must be transacted by 1:00 p.m. CT.
  • < $5 million must be transacted by 4:00 p.m. CT.

Whole Loan Advance (WLA) 2 to 35 days

Term
  • 2- to 7-day
  • 8- to 14-day
  • 15- to 21-day
  • 22- to 35-day
Interest Rate
Fixed for term of advance based on discount note market.
Interest Day Count
Actual/360