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.

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