The Federal Home Loan Bank of Atlanta said Wednesday that it will not pay members a dividend for the fourth quarter in light of the continued market turmoil.

The bank said this month that its fourth-quarter earnings fell 39.2%, to $74.6 million. Suspending dividends allows the bank to build its capital base. "The bank recognizes the value our dividend provides to member financial institutions, and we are working diligently to provide a return on our members' capital stock," Richard Dorfman, its president and chief executive, said Wednesday.

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