| Federal Home Loan Bank of Atlanta Declares a Second Quarter
2012 Dividend of 1.47%, Announces Quarterly Excess Stock
ATLANTA, July 30, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of
Federal Home Loan Bank of Atlanta (the Bank) has approved an annualized
dividend rate for the second quarter of 2012 of 1.47 percent.
"Our continued ability to repurchase excess stock and pay a competitive
dividend demonstrates the Bank's sound management and our commitment to
returning value to our shareholders," said Scott C. Harvard, Chairman
of the FHLBank Atlanta Board of Directors.
The dividend rate is equal to average three-month LIBOR plus 1 percent
for the period of April 1, 2012, to June 30, 2012. The dividend payout
is applicable to capital stock held during that period. The dividend
will be credited to shareholders' daily investment accounts at the
close of business on August 3, 2012.
The Bank also announced that it will repurchase up to $700 million of
membership excess capital stock and activity-based excess capital stock
on August 15, 2012 (the Repurchase Date). The amount of excess stock to
be repurchased from any shareholder will be based on the shareholder's
total excess capital stock as of August 14, 2012. Shareholders will be
notified regarding the details of this repurchase.
If you have questions, please contact FHLBank Atlanta's Funding Desk 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 mortgages and provide economic
development credit to neighborhoods and communities. The Bank's
members--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 12 district banks in
the Federal Home Loan Bank System which since 1990 has contributed more
than $4.6 billion to the Affordable Housing Program.
CONTACT: Sharon Cook
Federal Home Loan Bank of Atlanta