Whether you are looking for a specific loan structure, amount, or term, we offer flexible advance products designed to meet your specific needs. FHLBank Atlanta advances provide an excellent source for liquidity and are effective tools for managing interest-rate risk and supporting asset/liability management strategies. In addition to the advances listed below, we may periodically offer other products you may find valuable.
Additional information about our credit products can be found in the Member Products and Services Guide and the Credit Products Brochure under Related Information.
FHLBank Atlanta offers three variable-rate advances that can be used to manage daily funding needs, provide liquidity, fund variable-rate loans, and manage interest-rate risk.
Daily Rate Credit (DRC)
Provides overnight or short-term funding (FHLBank Atlanta equivalent of Fed Funds) and the ability to prepay without a fee.
Adjustable Rate Credit (ARC)
Provides intermediate and long-term funding with rate resets at periodic intervals, usually tied to one-month or three-month LIBOR.
Provides intermediate and long-term funding at a floating rate tied to Prime.
Fixed-rate advances are effective tools for funding fixed-rate loans, managing interest-rate risk, or match-funding loans (or pools of loans) or investments that have periodic repayment of principal.
Fixed Rate Credit
Provides fixed-rate funding until the stated maturity of one month up to 10 years.
Principal Reducing Credit
Provides fixed-rate funding to the final specified maturity with provisions for principal reduction (usually equal principal payments at regular intervals) over the life of the advance. This advance can also be structured with an amortization similar to a mortgage.
The Bank offers a number of structured advances that can be used to provide liquidity, fund specific assets, macrofund the balance sheet, manage interest-rate risk, and manage your asset/liability position. In addition to these advances, the Bank offers many combinations of interest rate caps, floors, and swaps to help you manage interest-rate risk.
A fixed-rate advance that may convert to a floating rate at the option of FHLBank Atlanta on predetermined dates. The conversion option may be European (one time only) or Bermudan (at specified intervals until maturity).
An advance with a rate that initially floats at a spread to LIBOR and then changes to a fixed rate if the advance is not converted by FHLBank Atlanta on predetermined dates. The conversion option may be European or Bermudan.
Fixed Rate Credit Hybrid
Provides fixed-rate funding until the stated maturity with a one-time option to embed caps, floors, and swaptions.
A fixed-rate advance that converts to a floating rate if LIBOR reaches a specific strike rate.
A fixed-rate borrowing for a fixed maturity with an option by the borrower, subject to certain conditions, to increase the original principal amount at some future fixed date with the same fixed rate and same maturity date. The option may be European or Bermudan. Expander advances are helpful in hedging duration of long-term assets while retaining some liability sensitivity and replacing deposit runoff in a rising interest-rate environment at lower fixed funding rate.
A Fixed Rate Credit advance, which the borrower may repay on specified dates without a fee. The call option may be European or Bermudan. Callable advances are effective tools for funding fixed-rate loans or securities while retaining the ability to lower funding costs if rates decline and prepayments on loans or securities increase.
Letters of Credit
Letters of Credit issued by FHLBank Atlanta provide members with low-cost ways to secure lucrative contractual agreements with third parties. Members use Bank LOCs to provide liquidity and other funding, facilitate residential housing finance, secure public unit deposits, enhance credit for taxable bond issuances, and facilitate affordable housing and community development lending.