ATLANTA, July 28 2022 (GLOBE NEWSWIRE) — The board of directors of Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today approved a cash dividend for the second quarter of 2022 at an annualized rate of 4.11%.
“FHLBank Atlanta works hard to deliver consistent value to our members through all economic cycles,” said Rick Whaley, Chairman of the Board of FHLBank Atlanta. “The Board of Directors is pleased to deliver this second quarter dividend to our members.”
The dividend rate is 3.40 percentage points above the daily average of the guaranteed overnight funding rate (SOFR) for the second quarter of 2022. The dividend payment will be calculated on the basis of the share capital held during this period and will be credited to the shareholders’ daily investment. accounts at the close of business on August 2, 2022.
If you have any questions, please contact the FHLBank Atlanta Financing Office at 1.800.536.9650, ext. 8011.
About FHLBank 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, the FHLBanks have provided approximately $7.3 billion in Affordable Housing Program funds, helping more than one million 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 and regulatory changes; 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