ATLANTA, July 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 second quarter of 2021 at an annualized interest rate of 3.67 percent.
“FHLBank Atlanta continued to serve as a reliable source of funding for our members during the COVID-19 pandemic,” said FHLBank Atlanta Chairman Rick Whaley. “We are pleased to be able to offer our members added value through this dividend for the second quarter.”
The dividend rate for the second quarter of 2021 is 3.65 percentage points above the daily average of the Secured Overnight Financing Rate, also known as SOFR. The dividend is calculated on the basis of the share capital held by the shareholders during this period. The dividend will be credited to shareholders’ daily investment accounts as of close of business on August 3, 2021.
If you have any questions, please contact the FHLBank Atlanta Funding Desk at 1.800.536.9650, extension. 8011.
About FHLBank Atlanta
FHLBank Atlanta provides competitive-priced finance, community development grants, and other banking services to help member financial institutions provide affordable home mortgages and provide neighborhood and community credit for economic development. The bank’s members – its shareholders and customers – include commercial banks, credit unions, savings banks, community development financial institutions, and insurance companies 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 have allocated approximately $ 7 billion in Affordable Housing Program funding, helping more than 990,000 households.
For more information, please visit our website at www.fhlbatl.com.
Some of the statements made in this release are “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that contain statements regarding the bank’s beliefs, plans, goals and objectives, expectations, expectations , Assumptions, estimates, intentions and future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Bank and which cause actual results, performance or achievements to differ materially from future results, performance or achievements, as expressed or implied in the forward-looking statements.
The forward-looking statements may not be realized due to a variety of factors including, but not limited to: the impact of the COVID-19 pandemic on the bank, its employees, members and counterparties, or on the capital markets and the US economy, which impact develop and are currently not foreseeable and could affect the bank’s business activities, liquidity, profitability, financial position, results of operations and the dividend. Additional factors include legal, regulatory, and accounting measures, changes, permits, or requirements; Uncertainties related to the LIBOR expiration; future economic and market conditions (including housing market); Changes in demand for advances or consolidated liabilities of the bank and / or the FHLBank system; Changes in interest rates; Changes in prepayment speeds, default rates, defaults and losses in mortgage-backed securities; Volatility of market prices, rates and indices that could affect the value of financial instruments; Changes in the creditworthiness and / or terms of derivative transactions; Changes in product offering; political, national and world events; Disruptions in information systems; Membership changes; and adverse developments or events that affect or are affected by other federal home loan banks or the FHLBank system in general. Additional factors that could cause the Bank’s results to differ from these forward-looking statements are fully disclosed in our filings with the Securities and Exchange Commission, which are available at www.sec.gov.
New factors can be added and we are unable 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 rely on forward-looking statements. These statements speak only as of the date of their publication, and the Bank undertakes no obligation and undertakes no obligation to publicly update, revise or correct any forward-looking statements after the date of this release or as of the dates on which such statements are otherwise made. be it due to new information, future events or for other reasons, unless this is required by law.
CONTACT: Peter E. Garuccio
Federal Home Loan Bank of Atlanta