ATLANTA, Jan. 28, 2022 (GLOBE NEWSWIRE) — The Board of Directors of Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today approved a cash dividend for the fourth quarter of 2021 at an annualized rate of 3. 70%.
“We are focused on ensuring that financial institutions continue to benefit from their membership in the FHLBank Atlanta Cooperative, and the Board of Directors is pleased to return this fourth quarter dividend to them,” said Rick Whaley, Chairman of the Board. of Directors of FHLBank Atlanta.
The dividend rate is 3.65 percentage points above the daily average of the Secured Overnight Funding Rate, also known as SOFR, for the fourth quarter of 2021. The dividend will be calculated on the basis of the share capital held during this period. The dividend will be credited to shareholders’ daily investment accounts at the close of business on February 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 provide affordable home loans and provide economic development credit to neighborhoods and communities. 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 billion in Affordable Housing Program funds, helping more than 990,000 households.
For more information, visit our website at www.fhlbatl.com.
Certain 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 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 control of the Bank and which may cause the Bank’s actual results, performance or performance. that the achievements are materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
Forward-looking statements may not be materialized due to various factors, including, without limitation: the impact of the COVID-19 pandemic on the Bank, its employees, members and counterparties, or on the markets capital and the U.S. 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 results of operations, and dividend . Additional factors include legislative, regulatory and accounting actions, changes, approvals or requirements; 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.
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. 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.
CONTACT: Peter E. Garuccio Federal Home Loan Bank of Atlanta [email protected] 404.888.8143
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