ATLANTA – The Federal Home Loan Bank of Atlanta became the latest FHLB to report rising earnings yesterday, saying its net income rose 20% last year to $414 million, compared to 2005. The increase in net income was mostly due to increases in interest rates and the spread between interest rates and liabilities. As a result, the Atlanta Bank, the biggest FHLB by numbers of members, expects to pay a first quarter dividend of between 5.60% and 5.90%. The Atlanta FHLB has more than 1,200 members in the southeast including 135 credit union.
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