Federal Home Loan Bank of Dallas 8-K

What Happened
The Federal Home Loan Bank of Dallas (the Bank) filed an 8-K on January 2, 2026 reporting that it committed to issue consolidated obligation bonds on trade date December 30, 2025. The schedule shows two bond commitments with a combined par amount of $515,000,000 and includes settlement and maturity details. The filing was signed by Katie Watson, Vice President and Director of Financial Reporting.

Key Details

• Total par amount committed: $515,000,000 (one $15,000,000 fixed-rate bond and one $500,000,000 variable-rate floater).
• Trade date for both commitments: 12/30/2025; settlements: 1/14/2026 (fixed bond) and 1/7/2026 (floater).
• Fixed bond: $15,000,000 par, 5.000% initial coupon, maturity 1/14/2036, American-style callable with next call date 7/14/2026.
• Variable bond: $500,000,000 par (overnight SOFR-based single index floater), non-callable, maturity 7/7/2026.
• Filing notes consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks, are backed only by the FHLBanks’ financial resources, and are not U.S. Government-guaranteed.

Why It Matters
This 8-K documents new debt the Bank has committed to issue to fund operations or refinance obligations; consolidated obligations are the Bank’s primary capital-market funding source. Investors should note the split between a longer-term callable fixed-rate bond and a large short-term SOFR floating-rate bond, and remember these securities are obligations of the FHLBanks collectively (not the U.S. government). The filing also cautions that Schedule A omits discount notes, derivatives (e.g., interest-rate swaps) and other context needed to compute changes in total consolidated obligations outstanding, which the Bank reports in its periodic SEC filings.