As we look ahead in 2011, we are optimistic about improvements in the southeastern housing market and look for greater stability in member demand for funding. Our priority is to continue to deliver competitively priced funding in the size and structures that our members desire to help them extend credit in their local markets. We also will continue our focus on conservative capital and financial management to protect members' investments in the Bank while positioning us for growth. Ultimately, our goal is to increase the total value of membership across all dimensions of the Bank, including access to liquidity, dividends, and customer service.
At the same time, the Bank will manage a number of challenges as Congress begins to debate reformation of the nation's housing finance system. We expect this debate to intensify in the coming months as policymakers look at redefining the roles of the federal government and private institutions in the housing finance and mortgage delivery systems. The FHLBanks are a critical part of the nation's housing finance infrastructure, and we believe that any reform effort should support these institutions, which have demonstrated consistent adherence to a core mission, strong governance, and resilience to shocks. As a member of the FHLBank System, your voice will be critical in helping to shape the outcomes of this debate.
For nearly 80 years, FHLBank Atlanta in partnership with its members has provided access to credit at the local level. As the economic recovery progresses, your role in facilitating small business growth and affordable home mortgage lending will continue to be vital, and we look forward to supporting your efforts in serving the credit needs of your local communities. We value your membership and thank you for your continued support of FHLBank Atlanta.
W. Wesley McMullan
President and Chief Executive Officer