Federal Home Loan Bank of Dallas: Creates consolidated obligation bonds

What happened

• The Federal Home Loan Bank of Dallas reported the creation of consolidated obligation bonds as a direct financial obligation in a Form 8-K filed on Oct 20, 2026.
• The filing includes Schedule A, which the Bank said "summarizes all consolidated obligation bonds committed to be issued by the FHLBanks for which the Bank is the primary obligor" with trade dates primarily Oct 14, 2026 through Oct 16, 2026.
• Schedule A lists a mix of variable-rate single index floaters and fixed-rate bonds, including a $1,000,000,000 variable-rate bond (CUSIP 3130BCMR1) and a $10,000,000 fixed-rate bond maturing Oct 27, 2056 (CUSIP 3130BCM83).

Key details

• Total par amount of the listed consolidated obligation bonds: $2,478,000,000 (sum of Schedule A par amounts).
• Trade dates shown: Oct 14, 2026; Oct 15, 2026; Oct 16, 2026. Settlement dates range from Oct 15, 2026 to Nov 10, 2026.
• Examples from Schedule A: $1,000,000,000 (CUSIP 3130BCMR1), settlement Oct 16, 2026, maturity Jan 20, 2027, variable single index floater at Overnight SOFR plus 6.0 basis points; $10,000,000 (CUSIP 3130BCM83), settlement Nov 10, 2026, maturity Oct 27, 2056, 7.000% fixed coupon.
• The filing states consolidated obligations are the joint and several obligations of the 11 Federal Home Loan Banks and are "not obligations of, nor are they guaranteed by, the United States Government." The filing also notes Schedule A excludes consolidated obligation discount notes with maturities of one year or less and does not include derivative information or indicate how proceeds will be used.

Why it may matter

• Item reported: Item 2.03 — creation of a direct financial obligation. The filing covers consolidated obligation bonds committed to be issued for which the Bank is the primary obligor and provides the details in Schedule A (par amounts, CUSIPs, maturities, coupon types, call features and trade/settlement dates).
• The filing includes several caveats from the Bank about what Schedule A does not show (for example, discount notes, derivatives, use of proceeds, and that par amounts may differ from GAAP amounts).
  A filing does not show why the insider traded or why the company acted.