FHLBank Atlanta Highlights

The Bank filed its full financial report Form 10-Q on Nov. 12, 2009. The Bank reported net income of $11.1 million for the third quarter of 2009, an increase of $57.2 million or 124.1 percent, from a net loss of $46.1 million for the third quarter of 2008.

Member institutions elected three member directors and two independent directors for terms beginning January 1, 2010.

The Board of Directors of FHLBank Atlanta has approved an annualized dividend rate for the third quarter of 0.41 percent. The dividend is applicable to capital stock held during the period of July 1, 2009, to Sept. 30, 2009, and will be credited to members’ daily investment accounts at close of business on Nov. 2, 2009. The Bank also announced that it will not repurchase activity-based excess capital stock outstanding as of the end of the third quarter of 2009.

The revised guide reflects recently announced changes to the Bank’s collateral policies.