DALLAS – The Federal Home Loan Bank of Dallas said yesterday it has raised its second quarter dividend to 5.26%, to be paid June 29 in capital stock. The Dallas Bank paid a 4.91% dividend for the second quarter last year. On July 31, 2007, the Bank will repurchase the portion of members' excess stock identified as surplus stock as of that date. Surplus stock is currently defined as the amount of capital stock held by a member that exceeds 105 percent of its minimum investment requirement. A member's surplus stock will not be repurchased if the amount of surplus stock is $250,000 or less. The Dallas FHLB has more than 900 members in Texas, Louisiana, Arkansas, Mississippi and New Mexico, including more than 100 credit unions.
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