Federal Home Loan Bank of Atlanta Announces First Quarter 2022 Operational Highlights

Federal Home Loan Bank of Atlanta

ATLANTA, April 28, 2022 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (the Bank) today released preliminary unaudited financial highlights for the quarter ended March 31, 2022. All figures shown below below for the first quarter of 2022 are approximate until the Bank announces unaudited financial results in its Form 10-Q filed with the Securities and Exchange Commission (SEC), which is expected to be filed on or about May 6, 2022.

Net income for the first quarter of 2022 was $36 million, a decrease of $7 million, compared to net income of $43 million for the first quarter of 2021. The decrease in net income for the first quarter was mainly due to an $11 million decrease in net interest income. Net interest income for the first quarter of 2022 benefited from $10 million of derivative and hedging adjustments, while net interest income for the first quarter of 2021 benefited from $21 million of derivatives and hedging adjustments. Adjustments to derivatives and hedging instruments are mainly determined by changes in interest rates.

Total assets at March 31, 2022 were $84.5 billion, an increase of $5.7 billion, or 7.24%, from December 31, 2021. Advances outstanding were $51.5 billion. billion as of March 31, 2022, an increase of $6.1 billion, or 13.5%, from December 31, 2021. Retained earnings did not change significantly as of March 31, 2022 from as of December 31, 2021, remaining at $2.2 billion. Share capital was $2.7 billion as of March 31, 2022, an increase of $273 million, or 11.5%, from December 31, 2021. The increase in share capital was primarily due to an increase advances which resulted in an increase in inventory based on activity. .

The Bank’s performance in the first quarter of 2022 translated into an annualized return on average equity (ROE) of 3.19%, compared to 3.35% for the first quarter of 2021. The deviation of ROE from the rate average secured overnight funding decreased to 310 basis points for the first quarter of 2022, compared to 331 basis points for the first quarter of 2021. As of March 31, 2022, the Bank was in compliance with its regulatory capital requirements.

Federal Home Loan Bank of Atlanta
Financial Highlights
(Preliminary and unaudited)
(in millions of dollars)

Status declarations

As of March 31, 2022

As of December 31, 2021









Mortgages held for the portfolio, net



Total assets



Consolidated obligations, net



Total share capital



Retained earnings



Accumulated other comprehensive income





total capital



Capital to Assets Ratio (GAAP)





Capital/asset ratio (regulatory)





Quarter ended March 31

Operating results and performance ratios



Net interest income





Standby letter of credit fees



Other income


Total non-interest expense



Evaluation of the Affordable Housing Program



Net revenue



Average return on assets





return on average equity





The selected financial data above should be read in conjunction with the financial statements and notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in the Bank’s First Quarter 2022 Form 10-Q which should be filed on or about May 6. , 2022 with the SEC.

About Federal Home Loan Bank of Atlanta

FHLBank Atlanta offers competitively priced financing, community development grants, and other banking services to help member financial institutions make affordable home loans and provide economic development credit to neighborhoods and communities. The Bank’s members – its shareholders and customers – are commercial banks, credit unions, thrift 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, FHLBanks has provided approximately $7 billion in Affordable Housing Program funds, helping more than 990,000 households.

For more information visit our website at www.fhlbatl.com.

To the extent that statements made in this announcement qualify 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 regarding beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions and future performance of the Bank, and involve known and unknown risks, uncertainties and other factors, including many of which may be beyond the Bank’s control and which may cause the actual results, performance or achievements of the Bank to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, the reader is cautioned not to place undue reliance on them, as these may not be achieved due to a variety of factors, including, without limit: legislative, regulatory and accounting measures, changes, approvals or requirements; completion of the Bank’s financial close procedures and final accounting adjustments for the last completed quarter; uncertainties related to the phasing out of LIBOR; future economic and market conditions (including the housing market); changes in demand for advances or consolidated obligations of the Bank and/or the FHLBank system; changes in interest rates; changes in prepayment periods, default rates, defaults and losses on mortgage-backed securities; the volatility of market prices, rates and indices which may affect the value of financial instruments; changes in credit ratings and/or derivative transaction terms; changes in product offerings; political, national and world events; disruptions to information systems; membership changes; and adverse developments or events affecting or involving other Federal Home Lending Banks or the FHLBank system generally. Other factors that could cause the Bank’s results to differ from these forward-looking statements are detailed in our filings with the Securities and Exchange Commission, which are available at www.sec.gov.

These statements speak only as of the date on which they are made, and the Bank has no obligation and undertakes no obligation 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 are otherwise made, whether as a result of new information, future events or otherwise, except as required by law. New factors may appear and it is impossible 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 any forward-looking statements.

CONTACT: Peter E. Garuccio
Federal Home Loan Bank of Atlanta
[email protected]

Bernadine J. Perkins