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The Value of a Consistent Partner

wes-headshotDecember 2016– As we near the close of 2016, I would like to thank you for being part of the FHLBank System and for your partnership with FHLBank Atlanta. The management team, staff, and board of directors remain focused on helping your institution succeed by enhancing our products and services in ways that add value to your institution as an owner of the cooperative.

This year ushered in improvements to the U.S. economy and strength in our local housing markets. However, we all continued to operate in an environment of high uncertainties. From a volatile interest rate market to the surprise vote by Great Britain to exit the European Union to the rollercoaster U.S. presidential election, we faced a series of destabilizing events that made managing a financial services business extremely challenging.

In times of uncertainty, the value of consistency cannot be overstated. Throughout this year, FHLBank Atlanta served as a reliable partner to our shareholders. The Bank paid a consistent, strong dividend based on solid earnings during the first three quarters of 2016, representing an important source of value to shareholders. Moving forward we will continue to focus on managing the cooperative in a way that builds on a strong financial foundation for long-term stability. On the lending side, we delivered credit products with consistent pricing in a volatile interest rate environment, helping shareholders preserve margins and manage their balance sheets effectively.

As we transition into 2017, I encourage you to explore the many ways FHLBank Atlanta can help you successfully execute your business plan. Interest rates will continue to be challenging, although there are signs that the environment may be more favorable in the coming year. In addition, we recognize that you are being asked to do more to remain in compliance with regulatory demands and will face continued pressures in the areas of people and operating costs. The Bank is uniquely positioned as your cooperative to help you address some of these challenges and operate more efficiently and cost effectively.

To that end, there are numerous ways in which the Bank can deliver value to your institution beyond its funding products. As our operations have grown in complexity, we have developed tools to manage critical risk areas, which we offer to your institution at no cost. For example, we can assist you with collateral stress testing, provide a risk appetite report template for your enterprise risk management area, or help with incident management planning around cybersecurity. These areas are top of mind for financial executives today and often require significant investments of both talent and financial resources. If you believe your institution can benefit from these services or would like to speak to us about a specific financial or risk management challenge, please reach out to your relationship manager.

Furthermore, our portfolio of advance products is strong and comprehensive, and we continue take advantage of opportunities to enhance these products to meet your changing business needs. We will also continue to seek ways to make our mortgage solutions more competitive and relevant to shareholders selling into the secondary market.

Through all business cycles, the FHLBank Atlanta cooperative exists to help enable your success. We hope you will continue to seek ways to maximize the value of your ownership in the Bank, and we look forward to broadening and deepening our partnerships with you
in 2017.


Wes McMullan
President and Chief Executive Officer
FHLBank Atlanta


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.

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