Federal Home Loan Bank of Dallas Reports Second Quarter 2023 Operating Results

DALLAS–(BUSINESS WIRE)–The Federal Home Loan Bank of Dallas (Bank) today reported net income of $239.6 million for the quarter ended June 30, 2023. In comparison, for the quarters ended March 31, 2023 and June 30, 2022, the Bank reported net income of $174.7 million and $65.6 million, respectively. For the six months ended June 30, 2023, the Bank reported net income of $414.3 million, as compared to $106.7 million for the six months ended June 30, 2022. Total assets at June 30, 2023 were $174

GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track

The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.

BNSF Railway’s new Trinity River bridge now open

FORT WORTH, Texas–(BUSINESS WIRE)–BNSF Railway recently marked a significant milestone in its double track project in North Texas, as the first train crossed over the newly constructed Trinity River bridge near downtown Fort Worth earlier this month. The bridge, which is now open for freight and passenger trains, is the first of two planned to span the Trinity River. The second track will be built after the team demolishes a 126-year-old steel bridge. Expected completion is early 2024. The br