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.
Overnight Advance (O/N)
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.
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.
- >$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
Fixed
- 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
Availability
- Request by telephone by 10:00 a.m. CT for best rate.
- >$5 million must be transacted by 1:00 p.m. CT.
- < $5 million must be transacted by 4:00 p.m. CT.
