Federal Home Loan Bank of Dallas 8-K

What Happened
The Federal Home Loan Bank of Dallas filed an 8‑K on January 27, 2026, disclosing commitments to issue consolidated obligation bonds with trade dates Jan. 21–23, 2026. The schedule shows five bond commitments with a total par amount of $85,000,000 and varying maturities, coupons and call features. The filing notes these consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks and are backed only by the financial resources of the FHLBanks (not guaranteed by the U.S. government).

Key Details

• Total par amount committed: $85,000,000 across five consolidated obligation bonds (trade dates 1/21–1/23/2026).
• Selected bonds: $25M maturing 1/22/2027, 3.570% coupon (Bermudan callable); $25M maturing 6/26/2026, Overnight SOFR single-index floater (non‑callable); $15M maturing 10/28/2030, 4.090% (Bermudan callable); $10M maturing 2/6/2036, 5.000% (American callable); $10M maturing 2/18/2056, 5.500% (Bermudan callable).
• The Bank states it has not made a materiality determination for these bonds and that Schedule A excludes consolidated obligation discount notes, possible associated derivatives, and GAAP adjustments (discounts/premiums/hedging).

Why It Matters
These commitments represent new debt funding activity for the Bank and affect its future interest expense, maturity profile and liquidity management. Retail investors should note the size ($85M), interest rates, long‑dated and short‑dated maturities, and call/convertible features, as well as the fact that these obligations are not government‑guaranteed. The filing also warns Schedule A alone does not show changes in total consolidated obligations outstanding, because discount notes, use of proceeds and hedging impacts are not included — those totals appear in the Bank’s periodic SEC filings.