updated 1/13/2011 3:47:12 PM ET 2011-01-13T20:47:12

LITTLE ROCK, Ark., Jan. 13, 2011 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas (Bank) is pleased to announce that Darryl D. Swinton's term as a director of the Bank commenced on January 1, 2011.

Mr. Swinton was recently elected by the Bank's member institutions to serve as an independent director on the Bank's Board of Directors to fill a public interest directorship based on his experience in affordable housing and community development. He will serve a four-year term that will expire on December 31, 2014.

Mr. Swinton serves as director of housing and economic development for Better Community Development, Inc. (BCD, Inc.), a nonprofit organization in Little Rock that serves low-income families. Prior to joining the Bank's Board, Mr. Swinton served as chairman of the Bank's Advisory Committee, which advises the Board on opportunities for community revitalization through specialized community investment and affordable housing advance and grant programs.

"I'm humbled and honored to be elected as a Director of the Bank," Mr. Swinton said. "My six years of service to the Bank's Advisory Council has afforded me the opportunity to learn and work with some great people who share my passion for improving the quality of life by providing decent, safe, and affordable housing."

In addition to his service to the Board, Mr. Swinton also serves on the executive committee and as vice-chair of Housing Arkansas, on the executive committee and as public policy chair of the Arkansas Coalition of Housing and Neighborhood Growth for Empowerment, and as chairman of the Community Housing Advisory Board for the city of Little Rock.

Mr. Swinton obtained his B.B.A. in Finance from the University of Central Arkansas, and his MBA from Webster University. He resides in Little Rock with his wife, Karen.

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. The Bank, with total assets of $51.6 billion as of September 30, 2010, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit the Bank's website at fhlb.com.

The Federal Home Loan Bank of Dallas logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3013

CONTACT: Corporate Communications
         Federal Home Loan Bank of Dallas
         www.fhlb.com
         (214) 441-8445

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