FHLB Extending Letters of Credit

Published February 01, 2010, 9:08 a.m. EST

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Updated August 27, 2020, 12:15 a.m. EDT

1 Min Read

ATLANTA-The Federal Home Loan Bank of Atlanta said it is using congressionally approved powers to provide more than 50 letters of credit totaling more than $2.2 billion for non-housing-related, tax-exempt bond transactions, stimulating economic development and lowering the cost of borrowing for public finance projects.

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The Housing and Economic Recovery Act of 2008 authorized FHLB Atlanta to provide credit support for tax-exempt bonds issued or refunded between July 30, 2008 and Dec. 31, 2010.

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