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 percent.
“While the economic pressures of the COVID-19 pandemic are likely to continue for some time, FHLBank Atlanta continues to strive to maintain a financially stable cooperative for our members,” said Rick Whaley, chairman of the board of FHLBank Atlanta. “The Board of Directors is proud of the bank’s financial performance in the first quarter and we are pleased to return this dividend for the first quarter to our members.”
The dividend rate is 3.65 percentage points above the daily average of the Secured Overnight Financing Rate (also called SOFR) for the first quarter of 2021. 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 at close of business on May 4, 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 obtain affordable home mortgages and provide economic development loans to neighborhoods and communities. Members of the bank – 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 provided approximately $ 6.6 billion in Affordable Housing Program funding to support more than 957,000 households.
For more information, please 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 contain statements about the bank’s beliefs, plans, goals and objectives, expectations, expectations, and beliefs , 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 could cause actual results, performance or results of the bank to differ materially from future performance Differentiate results, accomplishments, or successes expressed or implied in the forward-looking statements.
The forward-looking statements may not work due to a number of factors including the impact of the COVID-19 pandemic on the bank, its employees, members and counterparties, or on the capital markets and the US economy. What effects are currently developing and not known could include effects on the bank’s operations, liquidity, profitability, financial condition, results of operations and dividends. Additional factors include legislative, regulatory, and accounting measures, changes, permits, or requirements; Uncertainties regarding the exit from LIBOR; future economic and market conditions (including housing market); Changes in demand for advances or consolidated commitments by the bank and / or the FHLBank system; Changes in interest rates; Changes in prepayment speeds, default rates, arrears and losses in mortgage-backed securities; Volatility of market prices, interest rates and indices that could affect the value of financial instruments; Changes in creditworthiness and / or the terms and conditions of derivative transactions; Changes in product offering; political, national, and global events, including the impact and results of the upcoming US national elections; Disruptions in information systems; Membership changes; and adverse developments or events affecting or affecting 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 detailed in our filings with the Securities and Exchange Commission, available at www.sec.gov.
New factors can arise and we are unable to predict the nature of each new factor or assess its possible impact on our business and financial condition. Given these uncertainties, we advise you not to place undue reliance 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 revise any forward-looking statements after the date of this announcement or as the dates on which such statements are otherwise made it due to new information, future events or for other reasons, unless required by law.
CONTACT: Peter E. Garuccio
Federal Home Loan Bank of Atlanta