ATLANTA - (06/30/06) The Federal Home Loan Bank ofAtlanta said Thursday it plans to hike its second-quarter dividendto 5.60%, one of the best in the country among the 12 regionalFHLBs. This dividend rate exceeds estimated average 3-month LIBORfor the period April 1, 2006, to June 20, 2006, by approximately 42basis points. That compares to a 5.49% dividend paid by the AtlantaBank for the first quarter, and one of 4.50% for the second quarterlast year. The dividends will be paid to the Atlanta Banks1,200 members in Alabama, Florida, Georgia, Maryland, NorthCarolina, South Carolina, Virginia, and the District of Columbia,including 110 credit unions.
Payout Surges At AtlantaFHLB
June 30, 2006, 1:00 a.m. EDT 1 Min Read
