FHLB Dallas Hikes Dividend

June 30, 2006, 1:00 a.m. EDT 1 Min Read

DALLAS - (06/30/06) The Federal Home Loan Bank ofDallas announced Thursday it plans to push its second quarterdividend up to a five-year high of 4.91%. That compares to a 4.45%payout for the first quarter, and one of 3.44% for the secondquarter last year. The dividends will be paid to the DallasBanks 890 members, including 36 credit unions, on June 30.Taking into consideration its retained earnings targets, as well ascurrent earnings expectations and anticipated market conditions,the Bank currently expects to pay dividends during the remainder of2006 at the low end of its target range of 0 to 50 basis pointsabove the average effective federal funds rate for the applicabledividend period.

For reprint and licensing requests for this article, click here.

TRENDING

Earnings

Citizens reports fast progress in building its private bank

The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.

By Allissa Kline

2m ago
Earnings

'Higher-for-longer' hits U.S. Bancorp as funding costs stay elevated

After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million.

By John Reosti

2h ago
Regulation and compliance

CFPB makes structural changes after expanding authority over nonbanks

The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.

By Kate Berry

3h ago

MORE FROM AMERICAN BANKER

Earnings

Citizens reports fast progress in building its private bank

The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.

By Allissa Kline

2m ago
Earnings

'Higher-for-longer' hits U.S. Bancorp as funding costs stay elevated

After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million.

By John Reosti

2h ago
Regulation and compliance

CFPB makes structural changes after expanding authority over nonbanks

The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.

By Kate Berry

3h ago
Consumer banking

First Horizon bucks trend as deposit costs slow

Rising deposit costs have plagued banks in general, and the Tennessee bank had to pay up to bolster liquidity after its failed merger with TD. But First Horizon retained customers in the first quarter while not paying them the special rates they got last year.

By Polo Rocha

3h ago
Payments

Klarna turns a BNPL track record into a creditworthiness benchmark

U.S. customers who have previously used Sweden-based Klarna's buy now/pay later financing — and paid off their loans in full — will be prequalified for interest-bearing loans through a new version of the Klarna Visa card rolling out later this year.

By Kate Fitzgerald

3h ago
House Financial Services Leadership

Q&A: Frank Lucas says 'K Street doesn't pick the chairman' of HFSC

Rep. Frank Lucas, R-Okla., told American Banker that he sees a concrete path to chair the House Financial Services Committee that relies on his long experience in committee leadership and long political career.

By Claire Williams

3h ago