• December 20, 2023
• Bulletin No: 2023-37

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 fourth quarter of 2023.

The annualized dividend rate on Class B-1 Stock (membership and excess stock) is 5.34 percent, which equates to the average overnight SOFR rate for the third quarter of 2023 plus 0.1 percent. This dividend rate is within the Bank’s current target range for dividends on Class B-1 Stock, which is an annualized rate that approximates the average overnight SOFR rate plus 0 – 0.5 percent.

The annualized dividend rate on Class B-2 Stock (activity-based stock) is 6.34 percent, which equates to the average overnight SOFR rate for the third quarter of 2023 plus 1.1 percent. This dividend rate is within the Bank’s current target range for dividends on Class B-2 Stock, which is an annualized rate that approximates the average overnight SOFR rate plus 1.0 – 1.5 percent.

The annualized dividend rates of 5.34 percent and 6.34 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 July 1, 2023 through September 30, 2023. The fourth quarter dividends on Class B-1 and Class B-2 Stock will be paid on Thursday, December 28, 2023 in the form of Class B-1 Stock with any fractional shares paid in cash.

If you have any questions, please call Member Services at 844.FHL.BANK (844.345.2265).

Sincerely,

Sanjay K. Bhasin
President and Chief Executive Officer