About Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas (FHLB Dallas) is a leading financial institution that provides funding and other services to its members. It is one of the 11 banks that make up the Federal Home Loan Bank System, which was established by Congress in 1932 to support housing finance and community development.
FHLB Dallas serves as a reliable source of liquidity for its members, which include commercial banks, credit unions, thrifts, insurance companies, and community development financial institutions. The bank offers a range of products and services designed to help its members meet their funding needs and manage their balance sheets effectively.
One of the key benefits of being an FHLB Dallas member is access to low-cost funding through advances. Advances are loans made by FHLB Dallas to its members at competitive rates. Members can use advances for a variety of purposes, including mortgage lending, asset/liability management, liquidity management, and community development activities.
In addition to advances, FHLB Dallas offers other products and services that can help its members achieve their goals. These include letters of credit (which provide credit enhancement for member transactions), stand-by purchase agreements (which provide liquidity support for member securities), deposit products (which offer competitive rates on short-term investments), and affordable housing programs (which provide grants and subsidies for eligible projects).
FHLB Dallas also plays an important role in supporting affordable housing initiatives in its district. The bank's Affordable Housing Program (AHP) provides grants to assist with the construction or rehabilitation of affordable rental or owner-occupied housing units. Since 1990, AHP has awarded more than $300 million in grants that have helped create over 56 thousand units across FHLB Dallas' five-state district.
Another way that FHLB Dallas supports community development is through its Community Investment Program (CIP). CIP provides subsidized loans to finance economic development projects such as small business lending programs or infrastructure improvements. CIP loans are available at below-market interest rates with flexible terms designed to meet the specific needs of each project.
Overall, FHLB Dallas is committed to providing high-quality service and innovative solutions that help its members succeed. Whether it's through low-cost funding options like advances or targeted programs like AHP or CIP, FHLB Dallas stands ready to support the communities it serves across Texas; Arkansas; Louisiana; Mississippi; New Mexico; Alabama; Tennessee; Kentucky; Oklahoma ; Missouri .