Federal Home Loan Bank of Atlanta Declares a 7.35% Dividend for First Quarter 2024
April 25 2024 - 12:24PM
The board of directors of the Federal Home Loan Bank of Atlanta
(FHLBank Atlanta) today approved a first quarter 2024 cash dividend
at an annualized rate of 7.35 percent.
“We are pleased with our strong financial
performance during the first quarter of the year,” said FHLBank
Atlanta Chair of the Board, Thornwell Dunlap. “This allows us to
return value to members through this first quarter dividend as we
continue focusing on our mission to provide a stable source of
liquidity to members and further affordable housing and community
development.”
The dividend payout will be calculated based on
members’ capital stock held during the first quarter of 2024 and
will be credited to members’ daily investment accounts at the close
of business on May 2, 2024.
If you have questions, please contact FHLBank
Atlanta’s Funding Desk at 1.800.536.9650, ext. 8011.
About FHLBank AtlantaFHLBank
Atlanta offers competitively-priced financing, community
development grants, and other banking services to help member
financial institutions make affordable home mortgages and provide
economic development credit to neighborhoods and communities. The
Bank is a cooperative whose members are commercial banks, credit
unions, savings institutions, community development financial
institutions, and insurance companies located in Alabama, Florida,
Georgia, Maryland, North Carolina, South Carolina, Virginia, and
the District of Columbia. FHLBank Atlanta is one of 11 district
Banks in the Federal Home Loan Bank System. Since 1990, the
FHLBanks have awarded approximately $7.6 billion in Affordable
Housing Program funds, assisting more than one million
households.
For more information, visit our website at
www.fhlbatl.com.
To the extent that the statements made in this
announcement may be deemed as “forward-looking statements”, they
are made within the meaning of the “safe harbor” provisions of the
Private Securities Litigation Reform Act of 1995, which include
statements with respect to the Bank's beliefs, plans, objectives,
goals, expectations, anticipations, assumptions, estimates,
intentions, and future performance, and involve known and unknown
risks, uncertainties, and other factors, many of which may be
beyond the Bank's control, and which may cause the Bank's actual
results, performance, or achievements to be materially different
from the future results, performance, or achievements expressed or
implied by the forward-looking statements, the reader is cautioned
not to place undue reliance on them, since those may not be
realized due to a variety of factors, including, without
limitation: legislative and regulatory changes; economic and market
conditions (including the housing, banking, and financial markets);
changes in demand for advances or consolidated obligations of the
Bank and/or the FHLBank System; changes in interest rates; changes
in prepayment speeds, default rates, delinquencies, and losses on
mortgage-backed securities; volatility of market prices, rates and
indices that could affect the value of financial instruments;
changes in credit ratings and/or the terms of derivative
transactions; changes in product offerings; political, national,
and world events, including acts of war and terrorism; disruptions
in information systems; membership changes; and adverse
developments or events affecting or involving the banking and
financial markets, and other Federal Home Loan Banks or the FHLBank
System in general. Additional risk factors that might cause the
Bank's results to differ from these forward-looking statements are
provided in detail in our filings with the Securities and Exchange
Commission, which are available at www.sec.gov.
These statements speak only as of the date that
they are made, and the Bank has no obligation and does not
undertake to publicly update, revise, or correct any of the
forward-looking statements after the date of this announcement, or
after the respective dates on which such statements otherwise are
made, whether as a result of new information, future events, or
otherwise, except as may be required by law. New risk factors may
emerge, and it is not possible for us to predict the nature of each
new factor, or assess its potential impact, on our business and
financial condition. Given these uncertainties, we caution you not
to place undue reliance on forward-looking statements.
CONTACTSheryl TouchtonFederal
Home Loan Bank of Atlantastouchton@fhlbatl.com404.716.4296