Federal Home Loan Bank of Dallas 8-K

What Happened
The Federal Home Loan Bank of Dallas filed an 8‑K on January 15, 2026 reporting that Schedule A summarizes consolidated obligation bonds the Bank committed to issue with trade dates of January 12–13, 2026. The listed bonds total $750 million in par amount, with initial coupon rates ranging from 3.62% to 5.25% and maturities spanning 2026 through 2077. Several of the bonds are callable (Optional Principal Redemption) with Bermudan or European call styles. The report was signed by Katie Watson, Vice President and Director of Financial Reporting.

Key Details

• Total par amount committed to be issued: $750,000,000 (six bonds).
• Largest issues: $500,000,000 (CUSIP 3130B95H9) — 3.62% coupon, maturing 7/13/2026; $200,000,000 (CUSIP 3130B95L0) — 3.64% coupon, maturing 2/12/2077.
• Other bonds: four smaller issues ($10M, $10M, $10M, $20M) with coupons of 3.84%, 4.10%, 4.00% and 5.25% and maturities between 2031 and 2056; most are callable on specified dates (Bermudan/European styles).
• Disclosure notes: Schedule A excludes short‑term discount notes and does not include related derivatives; par amounts may differ from GAAP carrying amounts; the Bank did not make a materiality determination in the filing.

Why It Matters
These entries reflect how the Bank obtains funding: consolidated obligations are the joint and several debt of the 11 Federal Home Loan Banks and are backed only by the FHLBanks (not the U.S. government). The committed bond issuances affect the Bank’s debt profile and future interest obligations. Retail investors should note the size, maturities, coupon rates and call provisions, and that the Schedule A presentation is limited (it omits discount notes and possible hedges), so changes in consolidated obligations outstanding for which the Bank is primary obligor are reported in the Bank’s periodic SEC filings rather than this single 8‑K.