Federal Home Loan Bank of Atlanta Announces Second Quarter 2015 Operating Highlights

7/29/15

Federal Home Loan Bank of Atlanta (the Bank) today released unaudited financial highlights for the second quarter of 2015. All numbers reported below for the second quarter of 2015 are approximate until the Bank announces unaudited financial results in its Form 10-Q filing with the Securities and Exchange Commission, which is expected to be filed on or about August 7, 2015.

The Bank reported net income of $87 million for the second quarter of 2015, an increase of $25 million from net income of $62 million for the second quarter of 2014. During the second quarter of 2015, net interest income decreased compared to the same period in 2014, primarily due to $149 million of accelerated amortization related to restructured advances that were prepaid prior to their maturity. This accelerated amortization was offset by net gains on derivatives and hedging activities.

As of June 30, 2015, the Bank had total assets of $139.7 billion, an increase of $1.4 billion, or 0.99 percent, from December 31, 2014. The Bank's advances were $102.2 billion as of June 30, 2015, an increase of $2.6 billion, or 2.57 percent, from December 31, 2014. The Bank's retained earnings balance was $1.8 billion as of June 30, 2015, an increase of $67 million, or 3.89 percent, from December 31, 2014. Capital stock was $5.1 billion as of June 30, 2015, a decrease of $98 million, or 1.89 percent, from December 31, 2014.

The Bank's second quarter 2015 performance resulted in an annualized return on equity (ROE) of 5.54 percent as compared to 3.81 percent for the second quarter of 2014. The ROE spread to average three-month LIBOR increased to 526 basis points for the second quarter of 2015, compared to 358 basis points for the second quarter of 2014. The Bank continues to meet its regulatory capital requirements.

About the Federal Home Loan Bank of 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 headquartered 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, which since 1990 has contributed more than $4.4 billion to the Affordable Housing Program.

For more information, visit our website at www.fhlbatl.com.

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