ATLANTA, May 16 /PRNewswire/ -- The Federal Home Loan Bank of Atlanta
(Bank) announced that its registration with the Securities and Exchange
Commission (SEC) became effective today, May 16, 2006. As part of the
registration process, the Bank filed an amended Form 10 Registration
Statement with the SEC on May 12, 2006, that included financial statements
for the quarter ended March 31, 2006.
"Effectiveness of our registration with the SEC assures member
financial institutions as well as investors in our debt securities that the
Bank remains committed to the highest standards of financial reporting and
transparency," said Raymond Christman, president and CEO. "The Bank also is
pleased to report excellent financial performance for the first quarter of
2006," Christman said.
In the amended Registration Statement, FHLBank Atlanta reported net
income for the quarter ended March 31, 2006, of $101 million, up 42 percent
from the first quarter of 2005. Assets totaled $139 billion as of March 31,
2006, down slightly from $143 billion at 2005 year-end. The amended Form 10
Registration Statement can be accessed through the Bank's website at
http://www.fhlbatl.com or the SEC's website at http://www.sec.gov.
The Bank today provided preliminary guidance of its objective to pay an
annualized dividend in the range of 5.25 percent to 5.50 percent for the
quarter ending June 30, 2006.
About FHLBank Atlanta
FHLBank Atlanta is a $139 billion financial services organization that
provides low-cost financing, community development grants, and other
banking services to 1,200 financial institutions 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
$2 billion to affordable housing development in the United States.
Some of the statements made herein, including those that relate to the
proposed dividend, are "forward-looking statements," which include
statements with respect to 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 Bank's control, and which may
cause the Bank's actual results, performance or achievements to be
materially different from future results, performance or achievements
expressed or implied by the forward- looking statements.
The forward-looking statements may not be realized due to a variety of
factors, including actual net income results; legislative and regulatory
actions or changes, including the Federal Housing Finance Board's proposed
rule on retained earnings and capital; future economic and market
conditions; changes in demand for advances or consolidated obligation;
changes in interest rates; political, national and world events; and
adverse developments or events affecting or involving other FHLBanks or the
FHLBank System in general. Additional factors that might cause the Bank's
results to differ from these forward-looking statements are provided in
detail in our filings with the Securities and Exchange Commission, which
are available at http://www.sec.gov.
SOURCE Federal Home Loan Bank of Atlanta
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Related links:
http://www.fhlbatl.com/
http://www.prnewswire.com/comp/149931.html/
CONTACT:
Christopher McEntee of Federal Home Loan Bank
of Atlanta, +1-404-888-8158, or cmcentee@fhlbatl.com
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