• May 31, 2023
• Bulletin No: 2023-12

On June 30, 2023, LIBOR (London Interbank Offered Rate) will cease to be published for all remaining U.S. dollar (USD) tenors. The Federal Home Loan Bank of Dallas (Bank) has previously published bulletins alerting members to the cessation of LIBOR and encouraging them to prepare for an orderly transition away from LIBOR by modifying, or working with issuers to modify, loans and/or securities that are pledged to the Bank as collateral to reference an Alternative Reference Rates Committee (ARRC)-recommended index other than LIBOR in advance of the cessation date.

This bulletin serves as a reminder that any floating-rate loans and securities that remain indexed to LIBOR will be considered ineligible collateral after the first rate reset date that occurs after the June 30, 2023 LIBOR cessation date. Please contact your Member Sales Officer if you have any questions.

Sincerely,