We are one of 11 regional banks in the Federal Home Loan Bank System, which raises funds in the global financial markets and distributes the proceeds to members and local communities. Our members are commercial banks, credit unions, thrifts, community development financial institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia.
Established by Congress in 1932 to support mortgage lending, the Federal Home Loan Bank System provides a stable source of funding to federally insured depository institutions. Each FHLBank operates as an independent organization and is governed by a board of directors that is elected by member institutions.
Our products, services, and programs help financial institutions manage daily liquidity; fund mortgages originated for sale in the secondary market; fund loans and investments held in portfolio; improve their asset and liability management; meet community credit needs profitably; cover temporary deposit outflows; and reduce the funding cost of asset growth.
FHLBank Atlanta also serves the economic and housing needs of communities by providing local banks with flexible options for community development initiatives. We contribute 10 percent of our net income to community nonprofits in the form of grants and subsidized advances that help build affordable housing. These funds have helped construct more than 139,029 affordable housing units in the Southeast and have contributed to job growth throughout the region.