-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DTmSCn3jE3ViqcIcuoeKQ+14bUsAbAz6ZOATFghHyR4vYvzEWuZ7mRmYkHCmjWdZ YeEFIu0CSQhW8noOWiurwg== 0000950123-09-022813.txt : 20090716 0000950123-09-022813.hdr.sgml : 20090716 20090716164614 ACCESSION NUMBER: 0000950123-09-022813 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090710 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20090716 DATE AS OF CHANGE: 20090716 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federal Home Loan Bank of Dallas CENTRAL INDEX KEY: 0001331757 STANDARD INDUSTRIAL CLASSIFICATION: FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111] IRS NUMBER: 716013989 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51405 FILM NUMBER: 09948564 BUSINESS ADDRESS: STREET 1: 8500 FREEPORT PARKWAY SOUTH STREET 2: SUITE 100 CITY: IRVING STATE: TX ZIP: 75063 BUSINESS PHONE: 214-441-8500 MAIL ADDRESS: STREET 1: 8500 FREEPORT PARKWAY SOUTH STREET 2: SUITE 100 CITY: IRVING STATE: TX ZIP: 75063 8-K 1 d68417e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 10, 2009
FEDERAL HOME LOAN BANK OF DALLAS
(Exact name of registrant as specified in its charter)
         
Federally chartered corporation
(State or other jurisdiction of
incorporation or organization) 		  000-51405
(Commission File
Number) 		  71-6013989
(IRS Employer
Identification No.)
     
8500 Freeport Parkway South, Suite 600
Irving, TX
(Address of principal executive offices) 		  75063-2547
(Zip Code)
Registrant’s telephone number, including area code:
(214) 441-8500
Former name or former address, if changed since last report:
Not Applicable
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The Federal Home Loan Bank of Dallas (the “Bank”) obtains most of its funds from the sale of debt securities, known as consolidated obligations, in the capital markets. Consolidated obligations, which consist of bonds and discount notes, are the joint and several obligations of the 12 Federal Home Loan Banks (each individually, a “FHLBank” and collectively, the “FHLBanks”). Consolidated obligations are sold to the public through the Office of Finance, a joint office of the 12 FHLBanks, using authorized securities dealers. Consolidated obligations are backed only by the financial resources of the 12 FHLBanks. Consolidated obligations are not obligations of, nor are they guaranteed by, the United States Government.
The table below summarizes all consolidated obligation bonds committed to be issued by the FHLBanks for which the Bank is the primary obligor, on the trade date(s) indicated. To the extent applicable, the table also includes any consolidated obligations for which the Bank assumed the primary repayment obligation from another FHLBank on the trade date(s) indicated. Debt assumptions, if any, are identified by an asterisk (*) in the “Trade Date” column of the table. Due to their short-term maturities of one year or less, consolidated obligation discount notes issued on behalf of the Bank in the ordinary course of business are not included in the table set forth below. Furthermore, consolidated obligations that may have been issued on behalf of other FHLBanks as primary obligors are not included in the table.
In reviewing the information contained in this Current Report on Form 8-K, please note the following:
§ the Bank has not made a judgment as to the materiality of any particular consolidated obligation bond or bonds;
§ the table does not include any information with regard to interest rate exchange agreements (or other derivative instruments) into which the Bank has entered (or may enter) as a result of its asset/liability management and that may be associated, directly or indirectly, with one or more of the reported consolidated obligation bonds;
§ the information provided in the table will not enable a reader to compute changes in the total consolidated obligations outstanding for which the Bank is the primary obligor because the table does not include consolidated obligation discount notes nor does it address whether the proceeds from the issuance of the reported consolidated obligation bond(s) will be used to satisfy called or maturing consolidated obligations or for other business purposes. The Bank reports the total consolidated obligations outstanding for which it is the primary obligor in the Bank’s periodic reports filed with the Securities and Exchange Commission (“SEC”);
§ the par amounts reported in the table represent the principal amounts of the reported consolidated obligation bonds, which may not correspond to the amounts reported in the Bank’s financial statements prepared in accordance with generally accepted accounting principles contained in its periodic reports filed with the SEC, because the par amounts do not take into account any discounts, premiums or hedging adjustments that may be associated with the consolidated obligation bonds; and
§ the footnotes accompanying the table are intended to include descriptions of the various types and styles of consolidated obligation bonds that are most likely to be issued on behalf of (or assumed by) the Bank; the footnotes do not include, nor are they intended to include, descriptions of all of the various types and styles of consolidated obligation bonds that may be issued on behalf of other FHLBanks as primary obligors.

 

 

                                                 
                            Rate Type/            
                            Rate       Initial    
        Settlement   Maturity   Next Pay   Call   Call   Sub-Type   Next Call   Coupon    
Trade Date   CUSIP   Date   Date   Date   Type (1)   Style (2)   (3)(4)   Date   Rate   Par Amount
7/10/2009
  3133XU6R9   7/14/2009   1/14/2010   1/14/2010   Non-Callable   N/A   Fixed/ Constant   N/A     0.310 %   $ 500,000,000  
7/13/2009
  3133XU6W8   7/16/2009   7/16/2012   1/16/2010   Non-Callable   N/A   Fixed/ Constant   N/A     1.660 %   $ 26,000,000  
7/13/2009
  3133XUA29   7/30/2009   7/30/2014   1/30/2010   Optional Principal Redemption   Canary   Fixed/ Step Up   10/30/2009     2.000 %   $ 25,000,000  
7/14/2009
  3133XUA37   7/30/2009   1/30/2012   1/30/2010   Optional Principal Redemption   European   Fixed/ Constant   7/30/2010     1.625 %   $ 15,000,000  
7/14/2009
  3133XUA37   7/30/2009   1/30/2012   1/30/2010   Optional Principal Redemption   European   Fixed/ Constant   7/30/2010     1.625 %   $ 15,000,000  
7/14/2009
  3133XUA45   7/27/2009   7/27/2016   1/27/2010   Optional Principal Redemption   European   Fixed/ Step Up   1/27/2012     2.000 %   $ 15,000,000  
7/14/2009
  3133XUAA1   7/27/2009   1/27/2012   1/27/2010   Optional Principal Redemption   Bermudan   Fixed/ Step Up   1/27/2010     1.000 %   $ 50,000,000  
7/14/2009
  3133XUAC7   7/29/2009   7/29/2016   1/29/2010   Optional Principal Redemption   Canary   Fixed/ Step Up   10/29/2009     3.000 %   $ 25,000,000  
7/14/2009
  3133XUAC7   7/29/2009   7/29/2016   1/29/2010   Optional Principal Redemption   Canary   Fixed/ Step Up   10/29/2009     3.000 %   $ 25,000,000  
7/14/2009
  3133XUAC7   7/29/2009   7/29/2016   1/29/2010   Optional Principal Redemption   Canary   Fixed/ Step Up   10/29/2009     3.000 %   $ 25,000,000  
7/14/2009
  3133XUAV5   7/27/2009   7/27/2012   1/27/2010   Optional Principal Redemption   Bermudan   Fixed/ Step Up   10/27/2009     1.500 %   $ 15,000,000  
7/15/2009
  3133XUCD3   7/30/2009   7/30/2014   1/30/2010   Optional Principal Redemption   Bermudan   Fixed/ Step Up   10/30/2009     2.000 %   $ 25,000,000  
7/15/2009
  3133XUCD3   7/30/2009   7/30/2014   1/30/2010   Optional Principal Redemption   Bermudan   Fixed/ Step Up   10/30/2009     2.000 %   $ 25,000,000  
7/15/2009
  3133XUCB7   7/29/2009   7/29/2014   1/29/2010   Optional Principal Redemption   Bermudan   Fixed/ Step Up   10/29/2009     2.250 %   $ 15,000,000  
7/15/2009
  3133XUC50   7/29/2009   7/29/2016   1/29/2010   Optional Principal Redemption   Bermudan   Fixed/ Step Up   10/29/2009     3.000 %   $ 25,000,000  
7/15/2009
  3133XUBZ5   7/30/2009   7/30/2021   1/30/2010   Optional Principal Redemption   Bermudan   Fixed/ Step Up   10/30/2009     4.000 %   $ 15,000,000  
7/15/2009
  3133XUAC7   7/29/2009   7/29/2016   1/29/2010   Optional Principal Redemption   Canary   Fixed/ Step Up   10/29/2009     3.000 %   $ 25,000,000  
7/15/2009
  3133XUBE2   7/28/2009   7/28/2014   1/28/2010   Optional Principal Redemption   Canary   Fixed/ Step Up   10/28/2009     2.000 %   $ 15,000,000  
7/15/2009
  3133XUBB8   7/30/2009   7/30/2014   10/30/2009   Optional Principal Redemption   Bermudan   Fixed/ Step Up   10/30/2009     2.000 %   $ 15,000,000  
7/15/2009
  3133XUBC6   7/30/2009   7/30/2014   1/30/2010   Optional Principal Redemption   Canary   Fixed/ Step Up   10/30/2009     2.250 %   $ 25,000,000  
7/15/2009
  3133XUB51   7/30/2009   7/30/2012   10/30/2009   Optional Principal Redemption   Bermudan   Fixed/ Step Up   10/30/2009     1.000 %   $ 15,000,000  
7/15/2009
  3133XUB69   7/30/2009   10/30/2012   1/30/2010   Optional Principal Redemption   Bermudan   Fixed/ Constant   10/30/2009     2.250 %   $ 25,000,000  

 

 

(1) Call Type Description:
Optional Principal Redemption bonds (callable bonds) may be redeemed by the Bank in whole or in part at its discretion on predetermined call dates, according to the terms of the bond.
Scheduled Amortizing bonds repay principal based upon a predetermined amortization schedule, in accordance with the terms of the bond.
(2) Call Style Description:
American - redeemable continuously on and after the first redemption date and until maturity.
Bermudan - redeemable on specified recurring dates on and after the first redemption date until maturity.
European - redeemable on a specific date only.
Canary - redeemable on specified recurring dates on and after the first redemption date until a specified date prior to maturity.
(3) Rate Type Description:
Conversion bonds have coupons that convert from fixed to variable or from variable to fixed on a predetermined date, according to the terms of the bond; in some cases, the variable coupon may be subject to an interest rate cap.
Fixed bonds pay interest at constant or stepped fixed rates over the life of the bond, according to the terms of the bond.
Variable bonds pay interest at rates that reset periodically over the life of the bond based upon an index such as 1-month or 3-month LIBOR or the daily Federal Funds rate, according to the terms of the bond.
(4) Rate Sub-Type Description:
Constant bonds pay interest at constant fixed rates over the life of the bond, according to the terms of the bond.
Step-Down bonds pay interest at decreasing fixed rates for specified intervals over the life of the bond, according to the terms of the bond.
Step-Up bonds pay interest at increasing fixed rates for specified intervals over the life of the bond, according to the terms of the bond.
Step-Up/Step-Down bonds pay interest at increasing fixed rates and then at decreasing fixed rates for specified intervals over the life of the bond, according to the terms of the bond.
Capped Floater bonds pay interest at variable rates subject to an interest rate ceiling, according to the terms of the bond.
Single Index Floater bonds pay interest at a rate that increases as an index rises and decreases as an index declines, according to the terms of the bond.

 

 

Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  Federal Home Loan Bank of Dallas
 		  
Date: July 16, 2009  By:   /s/ Tom Lewis    
    Tom Lewis   
    Senior Vice President and Chief Accounting Officer   
 

 

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