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-Federal Home Loan Bank of Atlanta reports fiscal results.

Global Banking News-April 30, 2012--Federal Home Loan Bank of Atlanta reports fiscal results(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 30 April 2012

Atlanta-based Federal Home Loan Bank of Atlanta (FHLB) has released its un-audited financial results for the quarter ended March 31, 2012, saying that the bank has reported a net income of around USD70m for the first quarter 2012, an increase of around USD19m from a net income of around USD51m for first quarter of 2011.

As of March 31, 2012, the bank had total assets of around USD109.1bn, a decrease of USD16.1bn, or 12.9 percent, from December 31, 2011. The bank's retained earnings balance was around USD1.3bn as of March 31, 2012, an increase of around USD52m, or 4.21 percent, from December 31, 2011.

The bank said that it would announce its full un-audited financial results in its Form 10-Q filing with the Securities and Exchange Commission, which should be filed on or about May 11, 2012.

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Publication:Global Banking News (GBN)
Date:Apr 30, 2012
Words:190
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