FHLBank Atlanta Highlights

On August 27, the Bank announced that based upon information available at that time, the Bank expected to pay an annualized dividend in the range of 4.50 to 5.0 percent for the quarter ending Sept. 30, 2008.

The Housing and Economic Recovery Act of 2008 will have short- and long-term implications for FHLBank Atlanta as well as the Federal Home Loan Bank System.

The Bank’s net income for the second quarter of 2008 totaled $108.7 million, an increase of 16.6 percent from $93.2 million for the second quarter of 2007.

The Bank will delay temporarily the 2008 election of directors from North Carolina and Virginia. The Bank’s regulator, the Federal Housing Finance Agency, which was created when President Bush signed the Housing and Economic Recovery Act of 2008 into law on July 30, 2008, has requested that the Bank delay temporarily the timeline for the 2008 director election. The new regulator is working on a regulation implementing the new legislation, and the Bank has been asked to delay the election process until the new regulation has been issued. Once the regulation has been issued, the Bank will provide additional information on this website and to members in the voting states. If you have questions, please contact Stella Lang at 404.888.5583.