DALLAS – The Federal Home Loan Bank of Dallas announced yesterday it will repurchase all of the surplus stock held by its members, that is, all capital stock that exceeds 110% of its minimum investment requirement.
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The Dallas Bank also announced it is boosting its dividend for the fourth quarter to 5.25%, from 3.99% for the same quarter last year, and from 4.91% for this year’s third quarter. The fourth quarter dividend will be paid in the form of capital stock on December 29.
The Dallas bank has 900 members, including 34 credit unions.
