FHLB Dallas Hikes Dividend

Published June 30, 2006, 1:00 a.m. EDT

|

Updated August 27, 2020, 2:10 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.

Processing Content

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

MORE FROM AMERICAN BANKER

Credit unions

'I did not call myself a dictator:' Credit-union CEO

Todd Lane, the CEO of California Coast Credit Union, described an allegation by an executive at San Diego County Credit Union as "categorically inaccurate." The two institutions are locked in a legal fight after their agreement to merge turned contentious.

By Kevin Wack
Banking Editor

3h ago
Regulation and compliance

Formerly 'troubled' bank reaches truce with activist investor

Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.

By Nathan Place
National Reporter

March 20
Charter conversions

UBS gets OCC approval for national bank charter

Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.

By Kate Berry
Reporter

March 20
Minimum capital requirements

Fed Basel rules offer upside for banks, but impact unclear

Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.

By Maria Volkova
Reporter

March 20
Custody banks

The case for banks to offer digital asset custody

Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.

By Melinda Huspen
Tech Reporter

March 20
Cyber attacks

Iran-linked cyberattack prompts Microsoft Intune warnings

CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.

By Carter Pape
Technology Reporter

March 20