Federal Home Loan Bank of Atlanta declares dividend.
Global Banking News - 12 May 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has approved an annualised dividend rate of 0.26 percent for the first quarter of 2010.
The dividend rate is equal to average three-month LIBOR for the period of January 1, 2010 to March 31, 2010, and will be applicable to capital stock held during that period. The dividend will be transferred to members' daily investment accounts at the close of business on May 18, 2010.
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help approximately 1,200 member financial institutions make affordable home mortgages and provide economic development credit to neighbourhoods and communities.
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