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 Declares Dividend for the Second Quarter of 2015
Jul 30 15
The Board of Directors of the Federal Home Loan Bank of Atlanta has approved a dividend at an annualized rate of 4.53% for the second quarter of 2015. 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 August 4, 2015.
Federal Home Loan Bank of Atlanta Reports Unaudited Earnings Results for the Second Quarter and Six Months June 30, 2015
Jul 29 15
Federal Home Loan Bank of Atlanta reported unaudited earnings results for the second quarter and six months June 30, 2015. For the quarter, the company reported net income of $87 million, an increase of $25 million from net income of $62 million for the second quarter of 2014. Net interest expense was $48 million against net interest income of $92 million a year ago. Return on average assets was 0.27% against 0.19% a year ago. Return on average equity was 5.54% against 3.81% a year ago. Net interest income decreased compared to the same period in 2014, primarily due to $149 million of accelerated amortization related to restructured advances that were prepaid prior to their maturity. This accelerated amortization was offset by net gains on derivatives and hedging activities.
For the six months, the company reported net interest income of $56 million against $182 million a year ago. Net income was $169 million against $139 million a year ago. Return on average assets was 0.26% against 0.22% a year ago. Return on average equity was 5.26% against 4.28% a year ago.
Federal Home Loan Bank of Atlanta Declares Dividend for the First Quarter of 2015
May 28 15
On May 28, 2015, the board of directors of the Federal Home Loan Bank of Atlanta declared a dividend at an annualized rate of 4.26% for the first quarter of 2015.
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