FHLBank Atlanta Highlights

The audio recording and presentation slides from the Bank’s August 31 collateral webinar are now available.

FHLBank Atlanta filed its full financial report Form 10-Q on Aug. 10, 2010. The Bank reported net income of $75 million for the second quarter of 2010, a decrease of $117 million from net income of $192 million for the second quarter of 2009.

The revised guide includes new collateral requirements for members that are non-insured depository institutions, including insurance companies, housing finance agencies, and certain community development financial institutions.

The Bank has updated market values for residential 1-4 family mortgage collateral. Market values are applied to members’ residential collateral when submitting a new Qualifying Collateral Report.

The Bank has approved an annualized dividend rate for the second quarter of 2010 of 0.44 percent, an amount equal to average three-month LIBOR for the period of April 1, 2010 to June 30, 2010.

The Bank is conducting an election to fill three member directorships and two independent directorships on its board of directors. Information related to the director election has been mailed to Bank members. Nominations for member directorships are due on August 26, 2010. Individuals interested in being considered for an independent directorship must complete and return to the Bank by August 26, 2010, the application and related form that are available on this website.