Thrifts and Mortgage Finance
Company Overview of Federal Home Loan Bank of Atlanta
Federal Home Loan Bank of Atlanta provides financial services to its members and housing associates in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. It offers credit products, including advances, such as adjustable rate credit, fixed rate credit, and daily rate credit advances, as well as callable, hybrid, convertible, capped and floored, and expander advances; and irrevocable standby letters of credit. The company also provides community investment services, such as Affordable Housing Program, which provides direct subsidy funds or subsidized advances to members to support the financing of rental and for-sale housing for very lo...
1475 Peachtree Street NE
Atlanta, GA 30309
Founded in 1932
Key Executives for Federal Home Loan Bank of Atlanta
Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Chief Operations Officer and Executive Vice President
Chief Business Officer and Executive Vice President
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2013.
Federal Home Loan Bank of Atlanta Key Developments
Federal Home Loan Bank of Atlanta Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
Feb 20 14
Federal Home Loan Bank of Atlanta reported unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net income of $82 million against $97 million a year ago. Return on equity was 6.86% as compared to 4.10% a year ago. Return on average assets was 0.36% compared to 0.21% a year ago. The bank reported net income of $110 million for the fourth quarter of 2013, an increase of $46 million from net income of $64 million for the fourth quarter of 2012.
For the year, the company reported net interest income of $341 million compared to $376 million a year ago. Return on average assets was 0.28% compared to 0.22% a year ago. The bank's 2013 performance resulted in a return on equity of 5.42% as compared to 4.26% for 2012. The ROE spread to average three-month LIBOR increased in 2013 compared to 2012, equaling 515 basis points for 2013 as compared to 383 basis points for 2012. The bank reported net income of $338 million for 2013, an increase of $68 million from net income of $270 million for 2012.
Federal Home Loan Bank of Atlanta Elects Michael P. Fitzgerald as Director and to Audit, Enterprise Risk and Operations, Executive, and Finance Committees, Effective March 26, 2014
Feb 19 14
On February 14, 2014, the board of directors of the Federal Home Loan Bank of Atlanta elected Michael P. Fitzgerald to fill the vacant member directorship designated for the District of Columbia, effective March 26, 2014. Mr. Fitzgerald currently serves as chairman, president, and chief executive officer of Bank of Georgetown. He will serve on the audit, enterprise risk and operations, executive, and finance committees. His term will expire on December 31, 2017.
Federal Home Loan Bank of Atlanta Announces Executive Appointments
Dec 18 13
Federal Home Loan Bank of Atlanta announced the election of Travis "Tra" Cosby, III and Robert L. Strickland, Jr. to the Bank's board of directors.
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