ATLANTA, April 29, 2021 (GLOBE NEWSWIRE) – The Board of Directors of the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today approved a cash dividend for the first quarter of 2021 at an annualized rate of 3.69 %.
“While economic tensions resulting from the COVID-19 pandemic are likely to persist for some time, FHLBank Atlanta remains committed to maintaining a financially stable cooperative for our members,” said FHLBank Atlanta Chairman of the Board. , Rick Whaley. “The Board is proud of the Bank’s first quarter financial performance and we are pleased to present this first quarter dividend to our members.
The dividend rate is 3.65 percentage points on the daily average of the guaranteed overnight funding rate, also known as SOFR, for the first quarter of 2021. The dividend will be calculated on the basis of share capital held by shareholders during this period. The dividend will be credited to shareholders’ daily investment accounts at the close of business on May 4, 2021.
If you have any questions, please contact the FHLBank Atlanta Fundraising Office at 1.800.536.9650, ext. 8011.
About FHLBank Atlanta
FHLBank Atlanta offers competitively priced finance, community development grants, and other banking services to help member financial institutions obtain affordable mortgages and provide economic development credit to neighborhoods and communities. The members of the Bank (its shareholders and customers) 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 provided approximately $ 6.6 billion in Affordable Housing Program funds, helping more than 957,000 households.
For more information, visit our website at www.fhlbatl.com.
Some of the statements made in this announcement are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, which include statements regarding the beliefs, plans, objectives, purposes of the Bank, expectations, expectations, assumptions, estimates, intentions and future performance, and involve known and unknown risks, uncertainties and other factors, many of which may be beyond the control of the Bank, and which may cause the results actual, performance or achievements are materially different from future results, performance or achievements expressed or implied by forward-looking statements.
Forward-looking statements may not come to fruition due to various factors, including, but not limited to: the impact of the COVID-19 pandemic on the Bank, its employees, members and counterparties, or on the markets capital and the US economy, the impact of which is evolving and unknowable at this time and could include impacts on the Bank’s operations, liquidity, profitability, financial condition and operating results, and the dividend. Other factors include actions, changes, approvals or legislative, regulatory and accounting requirements; uncertainties associated with the phase-out of LIBOR; future economic and market conditions (including the housing market); changes in the demand for consolidated advances or obligations of the Bank and / or the FHLBank System; changes in interest rates; changes in prepayment speeds, default rates, defaults and losses on mortgage-backed securities; the volatility of market prices, rates and indices which 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 global events, including the impact and results of the upcoming national elections in the United States; disruption of information systems; membership changes; and adverse developments or events affecting or involving other Federal mortgage banks or the FHLBank system in general. Additional 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.
New factors may emerge, and it is impossible for us to predict the nature of each new factor, or to assess its potential impact, on our business and financial condition. In light of these uncertainties, we caution you not to place undue reliance on forward-looking statements. These statements are only valid on the date on which they are made, and the Bank has no obligation and does not undertake to publicly update, revise or correct any forward-looking statements after the date of this announcement, or after the respective dates. about which such statements are made, whether as a result of new information, future events or otherwise, except as required by law.
CONTACT: Peter E. Garuccio
Federal Home Loan Bank of Atlanta