December 2012 - As we approach year end, I would like to thank you for doing business with FHLBank Atlanta in 2012. Because of your partnership, FHLBank Atlanta continues to achieve its mission of providing funding to facilitate affordable mortgage lending and economic development in communities throughout the Southeast.
As a cooperative, FHLBank Atlanta’s primary focus is on serving your needs as shareholders. We have worked to serve your business needs in a variety of ways in 2012, through new, more flexible advance products, expanded collateral opportunities, consistent dividends, and a return to daily excess stock repurchases. At the same time, we have diligently managed the challenging risks and regulatory demands of the current environment to ensure that your investments in the cooperative are protected.
One of the Bank’s most important accomplishments in 2012 was the launch of an expanded advance portfolio that offers your institution nearly 60 variations of fixed-rate, variable-rate, and amortizing funding structures that can help you manage liquidity and balance sheet positions in any interest-rate environment. The launch of this product offering represents the culmination of a multi-year investment in systems and product development and thousands of hours of work by the FHLBank Atlanta team. With these new financial building blocks, your institution can create customized funding solutions to help you grow your lending business, manage interest-rate risk, and address other unique needs and challenges in a dynamic market.
This year we also introduced the Veterans Products Suite as an addition to the Bank’s Affordable Housing Program (AHP) Set-aside Products. The Veterans Products provide funding for a home purchase or rehabilitation to qualified veterans and active-duty members of the U.S. military or their surviving spouses. FHLBank Atlanta’s district is home to one of the largest concentrations of veterans and military households in the country. We believe these products can help your institution reach this valuable market more effectively and support our military heroes.
In addition to delivering innovative funding and community building products, our goal is to serve as a reliable partner and trusted resource to our shareholders. We welcome the opportunity to partner with your management team to understand your strategic goals and the unique challenges your institution faces in your local market. The Bank’s seasoned team of relationship managers can help you develop a funding and risk management plan that supports your strategic objectives. In 2012, we also added a mortgage strategist to our team who can work with you to identify FHLBank Atlanta products that can help your institution profitably expand and manage its lending business, whether you are originating mortgages for sale in the secondary market or to be held in portfolio. These experienced professionals and many other expert FHLBank Atlanta resources are available at no additional cost to you as a shareholder.
Thank you again for continuing to partner with FHLBank Atlanta to serve the financial services needs of your communities. We look forward to building and strengthening our relationships with you in 2013.
President and Chief Executive Officer
© 2012 Federal Home Loan Bank of Atlanta, All Rights Reserved. 1475 Peachtree Street NE, Atlanta, GA 30309
The Federal Home Loan Bank of Atlanta is not a registered investment advisor. Nothing herein is an offer to sell or a solicitation of an offer to buy any securities or derivative products. You should consult your own legal, financial and accounting advisors before entering into any transaction.