DALLAS, Sept. 27, 2007 (PRIME NEWSWIRE) -- The Federal Home Loan Bank of Dallas (Bank) has recently seen a noticeable increase in its outstanding advances to member financial institutions. The recent events affecting the credit markets coupled with other various needs of individual members have resulted in additional member borrowing. As of September 25, 2007, the par value of the Bank's outstanding advances totaled $44.8 billion, an increase of $8.3 billion since June 30, 2007.
"For 75 years, the Bank has been a stable liquidity source that supports housing and economic development initiatives through member institutions domiciled in Arkansas, Louisiana, Mississippi, New Mexico and Texas. The recent increase demonstrates the Bank's continuing ability to meet member demand for advances," said Terry Smith, President and Chief Executive Officer.
The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. The Bank, with total assets of $52.0 billion as of June 30, 2007, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions. For more information, visit the Bank's website at www.fhlb.com.
The Federal Home Loan Bank of Dallas logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3013