Company Profile
Federal Home Loan Bank of Dallas
Company Overview
A Bank for Our Members
Each of the 11 Federal Home Loan Banks is organized as a cooperative, owned by its member institutions and operating independently, receiving no taxpayer assistance. Several types of financial institutions are eligible for membership in the Federal Home Loan Bank System:
• Banks
• Credit unions
• Community development financial institutions
• Thrifts
• Insurance companies
FHLB Dallas, with total assets of $42.1 billion as of December 31, 2015, serves approximately 865 members across the five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas. FHLB Dallas provides financial products and services including advances (loans to members) and grant programs for affordable housing and economic development.
Company History
About FHLB Dallas
The Federal Home Loan Bank of Dallas (FHLB Dallas) is a part of the Federal Home Loan Bank System, created by an Act of Congress and signed into law by President Herbert Hoover on July 22, 1932, to provide capital for mortgage funding during the Great Depression.
The System has 11 banks around the United States, serving as an affordable, flexible source of funding for some 7,400 financial institutions. FHLB Dallas is one of these 11 banks.
Notable Accomplishments / Recognition
As of March 2016, we are a $49.5 billion cooperatively owned wholesale bank with the mission of supporting homeownership, affordable housing, and community lending though its member institutions
“AAA” rated by Moody’s and Fitch, AA+ by S&P