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 2015.
Federal Home Loan Bank of Atlanta Key Developments
Federal Home Loan Bank of Atlanta Elects R. Thornwell Dunlap III to its Board of Directors Effective January 1, 2016
Oct 29 15
On October 28, 2015, the Federal Home Loan Bank of Atlanta declared that R. Thornwell Dunlap III, Chairman, President and Chief Executive Officer, Countybank, was elected to fill the member directorship that the Federal Housing Finance Agency designated for the state of South Carolina. It will begin serving a four-year term on January 1, 2016.
Federal Home Loan Bank of Atlanta Announces Unaudited Financial Results for the Third Quarter and Nine Months Ended Sept. 30, 2015; Reports Impairment Loss for the Third Quarter of 2015
Oct 29 15
Federal Home Loan Bank of Atlanta announced unaudited financial results for the third quarter and nine months ended Sept. 30, 2015. For the quarter, the bank reported net income of $61 million, a decrease of $13 million $74 million for the third quarter of 2014. The decrease in net income is primarily due to changes in interest rates during the periods and the related impact on the Bank's derivatives and hedging portfolio. Net interest income was $95 million against $46 million a year ago. Return on average assets was 0.18% against 0.22% a year ago. Return on average equity was 3.66% against 4.45% a year ago.
For the nine months, net interest income was $151 million against $228 million a year ago. Net income was $230 million against $213 million a year ago. Return on average assets was 0.23% against 0.22% a year ago. Return on average equity was 4.71% against 4.34% a year ago.
For the quarter, the company recognized net impairment losses in earnings of $1 million against $2 million a year ago.
Federal Home Loan Bank of Atlanta Declares Dividend, Payable on November 3, 2015
Oct 29 15
The board of directors of the Federal Home Loan Bank of Atlanta on October 28, 2015, declared a dividend at an annualized rate of 4.56% for the third quarter of 2015. The dividend will be credited to shareholders daily investment accounts at the close of business on November 3, 2015.
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