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.
Short Term FOTO Advance
Term
1 month, not to exceed the last business day of the current calendar month
Interest Rate
Based on FHLB Dallas' cost of funds; Fixed for the duration of the advance (until maturity or until “put” option is exercised)
Interest Day Count
Actual/360
Availability
Short-Term FOTO Advance is available only on the first business day of the month or at FHLB Dallas' discretion, and in no event shall exceed the member's unused borrowing capacity. Requests for Short-Term FOTO Advances should be transacted by 10:00 a.m. CT.
