Correspondent Banking Services
Types of Correspondent Banking Services We Offer
Managing your institution's cash positions and securities portfolios can be costly and time consuming. Correspondent Banking Services from FHLBank Atlanta help you improve profitability and consolidate your financial activities without delays, so you can focus on better serving your customers and community.
Daily Investment Account
Members can access a Daily Investment Account (DIA) to post advance proceeds and repayments, make wire transfers, and enable cash transactions related to securities safekeeping transaction activity.
Send and receive wire transfers to and from other domestic institutions. Our members enjoy same-day credit on all incoming funds.
Members can consolidate securities portfolios, simplify cash management, and immediately pledge eligible securities for advances. Public Unit Deposit pledge services are also available as part of the safekeeping offering.
FHLBanks Play an Important Role in the LIBOR Transition
One of the key issues facing financial market participants and regulators today is the expected phase out of the London Interbank Offered Rate (LIBOR) as a benchmark interest rate by the end of 2021.