Federal Home Loan Bank of Dallas Announces its 2014 Independent Director Elections

DALLAS, July 28, 2014 /PRNewswire/ -- The Federal Home Loan Bank of Dallas (FHLB Dallas) is currently accepting applications for two open independent directorships on its Board of Directors (Board) in 2015.

The mission of the Board is to be accountable to FHLB Dallas shareholders, by ensuring that FHLB Dallas is managed in a safe and sound manner with an appropriate balance between financial performance and the fulfillment of its public purpose. Board meetings are held in person seven times a year and periodically by teleconference.

The Board consists of 16 individuals, including nine member directors and seven independent directors. The independent directors represent community and nonprofit organizations across FHLB Dallas's five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas, and are elected by FHLB Dallas' member institutions.

For 2015, one of the two independent director positions on the Board is designated as a public interest position. Applicants for the public interest directorship must have more than four years experience representing consumer or community interests in banking services, credit needs, housing, or consumer financial protections. Applicants for the other independent directorship must have experience or knowledge in auditing and accounting, derivatives, financial management, organizational management, project development, risk management practices, or law.

FHLB Dallas supports diversity in the make-up of its Board and encourages diverse individuals who meet eligibility requirements to consider applying to be a nominee for open independent directorships.

Applications for independent directorships are available on FHLB Dallas' website at fhlb.com, and the completed applications must be received by FHLB Dallas no later than August 11, 2014. Election results will be announced in November.

For more information on the election process, please contact FHLB Dallas Corporate Secretary Bre Chapman at 214.441.8459.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $30.6 billion as of March 31, 2014, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit the FHLB Dallas website at fhlb.com.

Contact:

Corporate Communications
Federal Home Loan Bank of Dallas
www.fhlb.com
(214) 441-8445

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SOURCE Federal Home Loan Bank of Dallas