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. The company offers credit products, including advances, such as daily rate credit, adjustable rate credit, capped and floored, and float-to-fixed advances; fixed rate credit, callable, expander, and principal reducing advances; and hybrid advances, convertible advances, and forward starting advances, as well as irrevocable standby letters of credit. It also provides community investment services, which include affordable housing program that offers direct subsidy funds or subsidized ...
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 Information Officer and Senior Vice President
Chief Business Officer and Executive Vice President
Compensation as of Fiscal Year 2014.
Federal Home Loan Bank of Atlanta Key Developments
Federal Home Loan Bank of Atlanta Declares Dividend for Fourth Quarter Ended December 31, 2014
Mar 26 15
The Board of Directors of the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has approved a dividend at an annualized rate of 4.24% for the fourth quarter of 2014. The dividend rate is equal to average three-month LIBOR plus 4.00% for the period of October 1, 2014, to December 31, 2014. 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 March 27, 2015.
Federal Home Loan Bank of Atlanta Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 19 15
Federal Home Loan Bank of Atlanta reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported the bank reported net income of $58 million for the fourth quarter of 2014, a decrease of $52 million from net income of $110 million for the fourth quarter of 2013. Return on average assets was 0.17% against 0.36% a year ago. Return on average equity was 3.45% against 6.86% a year ago.
For the year, the bank reported net income of $271 million for 2014, a decrease of $67 million from net income of $338 million for 2013. The primary contributors to the decrease in net income year-over-year were settlements related to MBS litigation received in the fourth quarter of 2013 and the decrease in long-term interest rates during 2014. The Bank's 2014 performance resulted in a return on equity of 4.11% as compared to 5.42% for 2013. Return on average assets was 0.21% against 0.28% a year ago.
Federal Home Loan Bank of Atlanta Elects Suzanne DeFerie as Member Directorship for North Carolina, Effective from January 1, 2015
Dec 18 14
On December 12, 2014, the board of directors of the Federal Home Loan Bank of Atlanta elected Suzanne DeFerie to fill the vacant member directorship designated for North Carolina, effective January 1, 2015. Ms. DeFerie currently serves as President and Chief Executive Officer of Asheville Savings Bank, SSB, located in Asheville, North Carolina. She will serve on the audit, enterprise risk and operations, executive, and housing and community investment committees. Her term will expire on December 31, 2016.
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