Federal Home Loan Bank Of Dallas
Business Description
The Federal Home Loan Bank of Dallas is one of 11 Federal Home Loan Banks (each
individually a “FHLBank” and collectively the “FHLBanks,”
and, together with the Office of Finance, a joint office of the FHLBanks, the
“FHLBank System,” or the “System”). The FHLBanks were
created by the Federal Home Loan Bank Act of 1932, as amended (the “FHLB
Act”). Each of the 11 FHLBanks is a member-owned cooperative that operates
as a separate federally chartered corporation with its own management, employees
and board of directors. Each FHLBank helps finance housing, community lending,
and community development needs in the specified states in its respective district.
Federally insured commercial banks, savings banks, savings and loan associations,
and credit unions, as well as insurance companies and Community Development Financial
Institutions that are certified under the Community Development Banking and Financial
Institutions Act of 1994, are all eligible for membership in the FHLBank of the
district in which the institution’s principal place of business is located.
Housing associates, including state and local housing authorities, that meet certain
statutory and regulatory criteria may also borrow from the FHLBanks.
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