Federal Home Loan Bank of Atlanta Announces Fourth Quarter Dividend Guidance
ATLANTA, Dec. 12 /PRNewswire/ -- Based upon currently available
information, the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) presently
expects to pay an annualized dividend in the range of 0.00 to 1.00 percent for
the quarter ending Dec. 31, 2008.
The Bank's Board of Directors has chosen dividend guidance for the fourth
quarter of 2008 that is lower than dividends paid in previous quarters to
reflect a conservative financial management approach during this period of
continued volatility in the financial markets. As the Bank has previously
reported, it will change its dividend declaration and payment schedule,
effective fourth quarter 2008, so that any dividend will be declared and paid
to member accounts after net income is calculated for the preceding quarter.
To accommodate this change, the Bank will declare any fourth quarter
dividend at the end of Jan. 2009 and pay it into member accounts after that
time. If you have additional questions, please contact FHLBank Atlanta's
Funding Desk at 1.800.536.9650, ext. 8011.
About FHLBank Atlanta
The Bank is a cooperative financial services organization that provides
funding, community development products, and a host of other banking services
to more than 1,200 member financial institutions in Alabama, Florida, Georgia,
Maryland, North Carolina, South Carolina, Virginia, and the District of
Columbia.
* * * *
Some of the statements made in this announcement including those that
relate to the Bank's dividend guidance for the fourth quarter of 2008, are
"forward-looking statements", which include statements with respect to FHLBank
Atlanta'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 FHLBank Atlanta's control, and which may cause the Bank's actual
dividend payment, results, performance or achievements to be materially
different from the 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, without limitation: FHLBank Atlanta's actual net income
results, which drive the determination of actual dividend payments;
legislative and regulatory actions or changes; future economic and market
conditions; changes in demand for advances or consolidated obligations of
FHLBank Atlanta and/or the FHLBank System; changes in interest rates;
political, national and world events; and adverse developments or events
affecting or involving other Federal Home Loan Banks or the FHLBank System in
general. Additional factors that might cause FHLBank Atlanta'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
www.sec.gov .
