UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   July 14, 2010

Federal Home Loan Bank of Dallas
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(Exact name of registrant as specified in its charter)

     
Federally Chartered Corporation 000-51405 71-6013989
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
8500 Freeport Parkway South, Suite 600, Irving, Texas   75063-2547
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(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   214-441-8500

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 14, 2010, Bobby L. Chain, an independent director, advised the Federal Home Loan Bank of Dallas (the "Bank") that he would not run for re-election to the Bank’s Board of Directors. In doing so, Mr. Chain did not express any disagreement on any matter relating to the Bank’s operations, policies or practices. Mr. Chain has served as an independent (formerly appointive) director since January 2004. His term as a director of the Bank will expire on December 31, 2010.






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Federal Home Loan Bank of Dallas
          
July 16, 2010   By:   /s/ Tom Lewis
       
        Name: Tom Lewis
        Title: Senior Vice President and Chief Accounting Officer