Federal Home Loan Bank of Dallas Files Form 8-K Report with SEC

Strategic Insights -

The Federal Home Loan Bank of Dallas, a federally chartered corporation, has filed a Form 8-K report with the U.S. Securities and Exchange Commission (SEC) on October 14, 2025, disclosing its consolidated obligation bonds. According to the report, the Bank obtains most of its funds from the sale of consolidated obligations, which are the joint and several obligations of the 11 Federal Home Loan Banks. The consolidated obligations are backed only by the financial resources of the FHLBanks and are not obligations of, nor are they guaranteed by, the United States Government.

Key Takeaways:

  • The Bank has committed to issuing 11 consolidated obligation bonds with various terms, including fixed and variable interest rates, and call dates.
  • The bonds have a total par amount of $3.5 billion, with individual bond amounts ranging from $91 million to $1 billion.
  • The bonds are scheduled to mature between 2026 and 2045, with some bonds having optional principal redemption features.
  • The interest rates on the bonds are based on various indices, including the Secured Overnight Financing Rate (SOFR) and Overnight SOFR minus 0.50 or 1 basis point.

Statistics:

  • Total par amount of consolidated obligation bonds committed to be issued: $3.5 billion
  • Number of consolidated obligation bonds committed to be issued: 11
  • Shortest maturity date: 10/4/2027
  • Longest maturity date: 10/16/2045
  • Interest rate range: 3.500% to 5.000%
  • Variable index rate range: Overnight SOFR minus 0.50 to 1 basis point

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
  • Federal Home Loan Bank of Dallas, FORM 8-K Current Report, Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.