Consolidated Obligations (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Long-term Debt Instruments [Table Text Block]

The following table summarizes the Bank’s consolidated obligation bonds outstanding by interest rate payment terms at December 31, 2025 and 2024 (in thousands, at par value).


	2025		2024

Fixed-rate	$	31,954,475	$	46,051,505

Variable-rate SOFR-indexed	21,849,500		45,967,500

Step-up	4,522,000		5,257,000
Step-down	15,000		15,000
Total par value	$	58,340,975	$	97,291,005

Schedule of Maturities of Long-term Debt [Table Text Block]

The following is a summary of the Bank’s consolidated obligation bonds outstanding at December 31, 2025 and 2024, by contractual maturity (dollars in thousands):


	2025				2024
Contractual Maturity	Amount		Weighted Average Interest Rate		Amount		Weighted Average Interest Rate
Due in one year or less	$	38,701,685	3.11	%	$	66,286,470	4.24	%
Due after one year through two years	7,329,730		2.57		12,410,545		1.94
Due after two years through three years	2,339,430		3.20		6,480,380		2.49
Due after three years through four years	2,484,130		3.94		2,464,430		3.37
Due after four years through five years	1,486,000		4.05		3,139,130		4.19
Due after five years	6,000,000		3.60		6,510,050		3.87
Total par value	58,340,975		3.15	%	97,291,005		3.78	%
Premiums	8,517				14,326
Discounts	(1,278)				(2,181)
Debt issuance costs	(3,036)				(3,147)
Hedging adjustments	(459,622)				(1,084,785)
Total	$	57,885,556			$	96,215,218

Schedule Of Consolidated Obligation Bonds By Call Feature [Table Text Block]

At December 31, 2025 and 2024, the Bank’s consolidated obligation bonds outstanding included the following (in thousands, at par value):


	2025		2024
Non-callable bonds	$	31,777,075	$	59,224,045
Callable bonds	26,563,900		38,066,960
Total par value	$	58,340,975	$	97,291,005

Schedule Of Maturities Of Consolidated Obligation Bonds By Contractual Maturity Or Next Call Date [Table Text Block]

The following table summarizes the Bank’s consolidated obligation bonds outstanding at December 31, 2025 and 2024, by the earlier of contractual maturity or next possible call date (in thousands, at par value):


Contractual Maturity or Next Call Date	2025		2024
Due in one year or less	$	52,120,085	$	88,764,430
Due after one year through two years	3,773,330		4,307,685
Due after two years through three years	1,464,430		2,466,330
Due after three years through four years	777,130		1,014,430
Due after four years through five years	161,000		707,130
Due after five years	45,000		31,000
Total par value	$	58,340,975	$	97,291,005

Schedule of Short-term Debt [Table Text Block]

At December 31, 2025 and 2024, the Bank’s consolidated obligation discount notes, all of which are due within one year, were as follows (dollars in thousands):


	Book Value		Par Value		Weighted Average Implied Interest Rate
December 31, 2025	$	40,185,289	$	40,436,121	3.72	%
December 31, 2024	$	21,637,276	$	21,859,382	4.44	%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Federal Home Loan Bank of Dallas 10-K