Derivatives Boost FHLB Atlanta

ATLANTA – The Federal Home Loan Bank of Atlanta reported yesterday that net income for its second quarter soared 78% to $191.7 million.

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The increased net was due to a $181.1 million gain on derivatives and hedging activities and a $114.6 million decrease in net losses on trading securities.

For the first six months of the year, the Atlanta Bank recorded net income of $190.2 million, down 16% from the same period last year when it reported net income of $225.3 million.


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