SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
ATLANTA, Feb. 18, 2016 -- Federal Home Loan Bank of Atlanta (the Bank) today released unaudited financial highlights for the year ended December 31, 2015. All numbers reported below for 2015 are approximate until the Bank announces 2015 audited financial results in its Form 10-K filing with the Securities and Exchange Commission, which is expected to be filed on or about March 10, 2016.
The Bank reported net income of $71 million for the fourth quarter of 2015, an increase of $13 million from net income of $58 million for the fourth quarter of 2014. The Bank reported net income of $301 million for 2015, an increase of $30 million from net income of $271 million for 2014. As of December 31, 2015, the Bank had total assets of $142.3 billion, an increase of $3.9 billion, or 2.83 percent, from December 31, 2014. The Bank's advances were $104.2 billion as of December 31, 2015, an increase of $4.5 billion, or 4.54 percent, from December 31, 2014.
The Bank's retained earnings balance was $1.8 billion as of December 31, 2015, an increase of $94 million, or 5.44 percent, from December 31, 2014. Capital stock was $5.1 billion as of December 31, 2015, decreasing by $49 million, or 0.95 percent, from December 31, 2014.
The Bank's 2015 performance resulted in a return on equity (ROE) of 4.63 percent as compared to 4.11 percent for 2014. The ROE spread to average three-month LIBOR increased in 2015 compared to 2014, equaling 431 basis points for 2015 as compared to 388 basis points for 2014. The Bank continues to meet its regulatory capital requirements.
| Federal Home Loan Bank of Atlanta | ||||||||
| Financial Highlights | ||||||||
| (Unaudited) | ||||||||
| (Dollars in millions) | ||||||||
| Statements of Condition | As of December 31, | |||||||
| 2015 | 2014 | |||||||
| Investments | $ | 35,175 | $ | 36,502 | ||||
| Advances | 104,168 | 99,644 | ||||||
| Mortgage loans held for portfolio, net | 584 | 746 | ||||||
| Total assets | 142,253 | 138,344 | ||||||
| Consolidated obligations, net | 133,394 | 129,250 | ||||||
| Total capital stock | 5,101 | 5,150 | ||||||
| Retained earnings | 1,840 | 1,746 | ||||||
| Accumulated other comprehensive income | 75 | 95 | ||||||
| Total capital | 7,016 | 6,991 | ||||||
| Capital-to-assets ratio (GAAP) | 4.93 | % | 5.05 | % | ||||
| Capital-to-assets ratio (Regulatory) | 4.89 | % | 5.00 | % | ||||
| Three Months Ended December 31, | Years Ended December 31, | ||||||||||||||||
| Operating Results and Performance Ratios | 2015 | 2014 | 2015 | 2014 | |||||||||||||
| Net interest income | $ | 92 | $ | 95 | $ | 243 | $ | 323 | |||||||||
| Reversal of provision for credit losses | (1 | ) | (1 | ) | (1 | ) | (5 | ) | |||||||||
| Net impairment losses recognized in earnings | — | — | (5 | ) | (3 | ) | |||||||||||
| Standby letters of credit fees | 7 | 6 | 28 | 26 | |||||||||||||
| Other income | 15 | (1 | ) | 202 | 82 | ||||||||||||
| Total noninterest expense | 37 | 37 | 135 | 132 | |||||||||||||
| Affordable Housing Program assessments | 7 | 6 | 33 | 30 | |||||||||||||
| Net income | 71 | 58 | 301 | 271 | |||||||||||||
| Return on average assets | 0.21 | % | 0.17 | % | 0.23 | % | 0.21 | % | |||||||||
| Return on average equity | 4.38 | % | 3.45 | % | 4.63 | % | 4.11 | % | |||||||||
Additional financial information concerning the Bank's results of operations for the most recently completed quarter will be available in the Bank's Form 10-K that the Bank expects to file on or about March 10, 2016, with the Securities and Exchange Commission and will be available at www.fhlbatl.com or www.sec.gov.
About the Federal Home Loan Bank of Atlanta
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members—its shareholders and customers—-are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $4.8 billion in Affordable Housing Program funds, assisting more than 758,000 households.
For more information, visit our website at www.fhlbatl.com.
Some of the statements made in this announcement are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, which include statements with respect to the Bank's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties, and other factors, many of which may be beyond the Bank's control, and which may cause the Bank's actual results, performance, or achievements to be materially different from the future results, performance, or achievements expressed or implied by the forward-looking statements.
The forward-looking statements may not be realized due to a variety of factors, including without limitation any one or more of the following factors: legislative, regulatory and accounting actions, changes, approvals or requirements; future economic and market conditions (including the housing market); changes in demand for advances or consolidated obligations of the Bank and/or the FHLBank System; changes in interest rates; changes in prepayment speeds, default rates, delinquencies, and losses on mortgage-backed securities; political, national, and world events; disruptions in information systems; and adverse developments or events affecting or involving other Federal Home Loan Banks or the FHLBank System in general. Additional factors that might cause the Bank's results to differ from these forward-looking statements are provided in detail in our filings with the Securities and Exchange Commission, which are available at www.sec.gov.
New factors may emerge, and it is not possible for us to predict the nature, or assess the potential impact, of each new factor on our business and financial condition. Given these uncertainties, we caution you not to place undue reliance on forward-looking statements. These statements speak only as of the date that they are made, and the Bank has no obligation and does not undertake to publicly update, revise, or correct any of the forward-looking statements after the date of this announcement, or after the respective dates on which such statements otherwise are made, whether as a result of new information, future events, or otherwise, except as may be required by law.
CONTACT: Meredith Moses Federal Home Loan Bank of Atlanta [email protected] (404) 888.8145
