Dear FHLBank Atlanta Members:

In a year of macro-economic and political uncertainty, the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) remained steadfast in its mission providing liquidity and contributing affordable housing funds to the communities our members serve. I am pleased to share this report and our major accomplishments of 2024.

2024 Financial Results

FHLBank Atlanta recorded net income of $697 million in 2024, an increase of $48 million from the prior year. The increase was primarily due to an increase in net interest income, which totaled $966 million in 2024. Our annualized return on average equity (ROE) was 8.31 percent, compared to 7.43 percent in 2023.

Advances outstanding were $85.8 billion as of December 31, 2024, a decrease of $10.8 billion from the prior year. Total capital was $7.9 billion and total assets were $147.1 billion as of December 31, 2024. Capital decreased by $183 million and assets decreased by $5.3 billion from the prior year. Retained earnings increased to $2.8 billion at December 31, 2024, compared to $2.5 billion the prior year.

Importantly, FHLBank Atlanta originated $311.4 of advances to support member lending and other community development activities.

Member Engagement

FHLBank Atlanta was pleased to welcome 13 new members to the cooperative in 2024. As advance demand remained stable throughout the year, FHLBank Atlanta executed on its mission to serve as a reliable source of liquidity to support a variety of financing needs.

In 2024, we also prioritized communication with members. I enjoyed beginning the year with a series of town halls across our district, allowing me to personally connect with many of you and discuss your businesses and opportunities to grow our partnership. We were also committed to  keeping members informed of Federal Housing Finance Agency (FHFA) actions throughout the year as well as governmental and regulatory updates. This emphasis on keeping members up to date will continue in 2025. 

Community Investment

FHLBank Atlanta announced a record-breaking commitment of $120 million in 2024 to support affordable housing and community development initiatives, including:

• $55 million through the Bank’s Affordable Housing Program (AHP) General Fund, supporting 66 projects that will create more than 4,200 units of affordable rental or owner-occupied housing.
• $40 million through the AHP Homeownership Set-aside Program, assisting 3,036 households with down payment, closing cost, and rehabilitation assistance. The program benefits households earning at or below 80% of the area median income (AMI).
• $20 million through Workforce Housing Plus+, providing down payment assistance to 1,364 households with incomes between 80.01% and 120% of AMI.
• $5.9 million allocated to the Heirs’ Property Family Wealth Protection Fund, offering up to $500,000 organization to help prevent and/or resolve heirs’ property issues and support generational wealth to be awarded in Q1 2025.
• Additionally, working alongside our members, FHLBank Atlanta provided financial literacy counseling to more than 4,400 individuals in 2024. Together, we are making a meaningful impact.

To continue this momentum, FHLBank Atlanta is once again voluntarily committing 15 percent its income – 5% more than our statutory requirement – to support affordable housing and community development in 2025. Your partnership to disperse these funds remains vitally important.

Moving Forward

As we move ahead, FHLBank Atlanta stands ready to provide liquidity to our members, supporting your work to finance the needs of customers, businesses and community developers. We look forward to working with you and seeing the positive results that we generate together.

Kirk Malmberg

President and Chief Executive Officer