Federal Home Loan Bank of Dallas 8-K

What Happened

• The Federal Home Loan Bank of Dallas filed a Form 8‑K on February 5, 2026, reporting that it committed to issue multiple consolidated obligation bonds on trade dates February 2–3, 2026.
• Schedule A lists 11 committed bond issues with combined par amounts of $3.29 billion, including both fixed‑rate callable bonds and variable‑rate (SOFR‑linked) floaters. The filing was signed by Katie Watson, Vice President and Director of Financial Reporting.

Key Details

• Total par amount committed: $3,290,000,000 across 11 consolidated obligation bonds (trade dates Feb 2–3, 2026).
• Largest individual issues include a $1.435B single‑index floater and a $1.0B floater; other sizeable issues include $500M and $250M floaters.
• Fixed‑rate issues include smaller callable bonds with initial coupons such as 5.50%, 5.04%, 5.00%, 4.80%, 4.425%, 4.25% and 4.00% and par amounts generally $10M–$40M.
• Floating‑rate bonds pay based on Overnight SOFR (some specified as Overnight SOFR +0.50 bp or +1.00 bp) and several issues are non‑callable; call types/styles vary (Bermudan, American, Canary).

Why It Matters

• Consolidated obligations are the Federal Home Loan Banks’ primary funding vehicle; these commitments show how the Bank is raising short‑ and long‑term funding.
• Consolidated obligations are joint obligations of the 11 FHLBanks and are backed by the FHLBanks’ financial resources only — they are not obligations of, nor guaranteed by, the U.S. government.
• The filing notes Schedule A does not include short‑term discount notes, potential related derivatives, or GAAP adjustments (discounts/premiums/hedging), so the par amounts reported may differ from amounts reflected in the Bank’s financial statements or its periodic SEC filings.