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 Declares 2.76% Dividend for Third Quarter 2013
Oct 29 13
The Board of Directors of Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has approved a dividend at an annualized rate of 2.76% for the third quarter of 2013. The dividend rate is equal to average three-month LIBOR plus 2.50% for the period of July 1, 2013, to Sept. 30, 2013, an increase of 0.25% from the dividend rate of average three-month LIBOR plus 2.25% for the second quarter. The dividend payout is applicable to capital stock held during that period. The dividend will be credited to shareholders' daily investment accounts at the close of business on Oct. 30, 2013.
Federal Home Loan Bank of Atlanta Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
Oct 29 13
Federal Home Loan Bank of Atlanta reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net income of approximately $71 million, a decrease of approximately $5 million from net income of $76 million for the third quarter 2012. Annualized return on equity was 4.50% as compared to 5.04% for the third quarter of 2012. Return on average assets was 0.24% compared to 0.26% a year ago. Net interest income was $86 million compared to $91 million a year ago.
For the nine months period, the company reported net interest income of $259 million compared to $279 million a year ago. Net income was $228 million compared to $206 million a year ago. Return on average assets was 0.25% compared to 0.23% a year ago. Return on average equity was 4.92% compared to 4.31% a year ago.
Federal Home Loan Bank of Atlanta Appoints Travis Cosby, III as Director, Beginning on January 1, 2014
Aug 30 13
Effective August 30, 2013, Travis "Tra" Cosby, III, chairman of the board, First Community Bank of Central Alabama, Wetumpka, Alabama, has been deemed elected to fill the member directorship of the Federal Home Loan Bank of Atlanta designated for Alabama for a four-year term beginning on January 1, 2014.
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