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Federal Home Loan Bank of Atlanta

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About Federal Home Loan Bank of Atlanta

Where do banks in the southeastern US bank? Federal Home Loan Bank of Atlanta. Known as FHLBank Atlanta for short, the bank provides mortgage funding, deposit, community investment, and cash management services to some 1,100 commercial banks, credit unions, insurance companies, and thrifts. Its territory includes Alabama, Florida, Georgia, Maryland, – more... North Carolina, South Carolina, Virginia, and Washington, DC.  The bank primarily provides funding to members to originate residential mortgages and community development loans. It also purchases mortgages on the secondary market to provide liquidity.

One of a dozen Federal Home Loan Banks in the Federal Home Loan Bank System, FHLBank Atlanta is a government-sponsored entity that is cooperatively owned by its member institutions, which range in size from community banks with less than $5 million in assets to superregionals with more than $125 billion. Institutions are required to purchase capital stock in the bank to be members.

The Federal Home Loan Banks fund their lending activities primarily by pooling their debt and issuing securities backed by it. Approximately half the value of FHLBank Atlanta's credit advances and letters of credit go to three of its largest members, Bank of America (nearly 30%), BB&T, and Navy Federal Credit Union. Though the number of the advances the bank makes is a fraction of what it was before the economic downturn and the value of its investments in mortgage-backed securities has taken a hit, FHLBank Atlanta continues to turn a consistent profit.

An independent federal government agency, the Federal Housing Finance Agency, supervises and regulates the bank. – less

Federal Home Loan Bank of Atlanta Employer Reviews

I was there (Former Employee), I was thereJuly 21, 2013
Senior Safekeeping Operation Representative (Former Employee), Atlanta, GeorgiaApril 18, 2013
Banking Officer, Community Investments (Former Employee), Atlanta, GAJanuary 11, 2013
Assistant Vice President, Manager of IT GRC (Current Employee), Atlanta, GASeptember 18, 2012
Signature Verification Spec., Exceptions Analyst (Former Employee), Atlanta, GAApril 24, 2012

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