• September 09, 2024
• Bulletin No: 2024-27

On September 25, 2024, the Federal Home Loan Bank of Dallas (Bank) will repurchase the portion of members’ excess stock identified as surplus stock as of that date. For this repurchase, surplus stock is defined as the amount of capital stock held by a member that exceeds 125 percent of its minimum investment requirement as of the repurchase date. A member’s minimum investment requirement is equal to the sum of its membership investment requirement and its activity-based investment requirement. A member’s surplus stock will not be repurchased if the amount of surplus stock is $2.0 million or less. Members will not be permitted to opt-out of this repurchase.

On September 25, 2024, the Bank will also repurchase all excess stock held by non-members as of that date.

Your institution’s current excess stock balance and an estimate of its surplus stock can be found on SecureConnect (at the bottom of the Capital Stock Worksheet, labeled “Excess / (Shortage) (B1)” and “Eligible for Mandatory Repurchase,” respectively), or by calling the Member Services Desk at 844.FHL.BANK (844.345.2265).

Sincerely,

Sanjay K. Bhasin
President and Chief Executive Officer