Federal Home Loan Bank of Atlanta Declares a 7.35% Dividend for Second Quarter 2024
25 Julio 2024 - 12:09PM
The board of directors of the Federal Home Loan Bank of Atlanta
(FHLBank Atlanta) today approved a second quarter 2024 cash
dividend at an annualized rate of 7.35 percent.
“During the first half of the year we met our members’ needs for
stable liquidity, fulfilling our mission to support their
businesses and promote affordable housing and community
development,” said FHLBank Atlanta Chair of the Board, Thornwell
Dunlap. “As a result, we are able to declare a strong second
quarter dividend and return value to our members.”
The dividend payout will be calculated based on members’ capital
stock held during the second quarter of 2024 and will be credited
to members’ daily investment accounts at the close of business on
August 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.
CONTACT: Sheryl TouchtonFederal Home Loan Bank
of Atlantastouchton@fhlbatl.com404.716.4296