FEDERAL HOME LOAN BANK OF ATLANTA FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant - Insurance News | InsuranceNewsNet

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July 7, 2022 Newswires
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FEDERAL HOME LOAN BANK OF ATLANTA FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Edgar Glimpses

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant


The Federal Home Loan Bank of Atlanta (the "Bank") obtains most of its funds
from the sale of debt securities, known as consolidated obligations, in the
capital markets. Consolidated obligations, which consist of bonds and discount
notes, are by regulation the joint and several obligations of the eleven Federal
Home Loan Banks. The Federal Home Loan Banks are regulated by the Federal
Housing Finance Agency (the "Finance Agency"), and Finance Agency regulations
authorize the Finance Agency to require any Federal Home Loan Bank to repay all
or a portion of the principal of or interest on consolidated obligations for
which another Federal Home Loan Bank is the primary obligor. Consolidated
obligations are sold to the public through the Office of Finance using
authorized securities dealers. Consolidated obligations are backed only by the
financial resources of the eleven Federal Home Loan Banks and are not guaranteed
by the United States government.

Schedule A sets forth all consolidated obligation bonds and discount notes
committed to be issued by the Federal Home Loan Banks, for which the Bank is the
primary obligor, on the trade dates indicated, other than discount notes with a
maturity of one year or less that are issued in the ordinary course of business.
Schedule A also includes any consolidated obligations with a remaining maturity
in excess of one year, if any, for which we have assumed the primary repayment
obligation from another Federal Home Loan Bank.

We may elect to change our method of reporting information on the issuance or
assumption of consolidated obligations at any time. In reviewing the information
in this Current Report on Form 8-K, please note:

•  although consolidated obligations issuance is material to the Bank, we have
not made a judgment as to the materiality of any particular consolidated
obligation or obligations;
•  Schedule A does not address any interest-rate exchange agreements (or other
derivative instruments) which we may enter into as a result of our asset and
liability management strategies and that may be associated, directly or
indirectly, with one or more of the reported consolidated obligations;
•  Schedule A will not enable a reader to track changes in the total
consolidated obligations outstanding for which we are the primary obligor
because Schedule A generally excludes consolidated obligation discount notes
with a maturity of one year or less and does not reflect whether the proceeds
from the issuance of the reported consolidated obligations will be used to,
among other things, replace called or maturing consolidated obligations. We will
report the total consolidated obligations outstanding for which we are the
primary obligor in our periodic reports filed with the Securities and Exchange
Commission; and
•  the principal amounts reported on Schedule A represent the principal amount
of the reported consolidated obligations at par, which may not correspond to the
amounts reported in our financial statements prepared in accordance with
generally accepted accounting principles contained in our periodic reports filed
with the Securities and Exchange Commission, because the par amount does not
account for, among other things, any discounts, premiums or concessions.

--------------------------------------------------------------------------------

                                   Schedule A

                                                                                                        CALL TYPE           CALL STYLE      RATE TYPE/RATE SUB-TYPE         NEXT                               BANK
   TRADE DATE          CUSIP          SETTLEMENT DATE       MATURITY DATE       NEXT PAY DATE              (1)                  (2)                 (3) (4)                 CALL          COUPON PCT         PAR ($)
                                                                                                                                                                            DATE
    7/5/2022         3130ASM97           7/29/2022            7/24/2025           1/24/2023        Optional Principal        Bermudan            Fixed Constant          8/24/2022            4             17,000,000
                                                                                                       Redemption
    7/5/2022         3130ASM97           7/29/2022            7/24/2025           1/24/2023        Optional Principal        Bermudan            Fixed Constant          8/24/2022            4             25,000,000
                                                                                                       Redemption
    7/5/2022         3130ASM97           7/29/2022            7/24/2025           1/24/2023        Optional Principal        Bermudan            Fixed Constant          8/24/2022            4             84,000,000
                                                                                                       Redemption




(1) Call Type Description:

Optional Principal Redemption bonds (callable bonds) may be redeemed by the Bank
in whole or in part at its discretion on predetermined call dates, according to
the terms of the bond.
Indexed Amortizing Notes (indexed principal redemption bonds) repay principal
based on a predetermined amortization schedule or formula that is linked to the
level of a certain index, according to the terms of the bond.
Scheduled Amortizing Notes repay principal based on a predetermined amortization
schedule, according to the terms of the bond.

(2) Call Style Description:


Indicates whether the consolidated obligation is redeemable at the option of the
Bank, and if so redeemable, the type of redemption provision. The types of
redemption provisions are:
•  American--redeemable continuously on and after the first redemption date and
until maturity.
•  Bermudan--redeemable on specified recurring dates on and after the first
redemption date, until maturity.
•  European--redeemable on a particular date only.
•  Canary--redeemable on specified recurring dates on and after the first
redemption date until a specified date prior to maturity.
•  Multi-European--redeemable on particular dates only.

(3) Rate Type Description:


Conversion bonds have coupons that convert from fixed to variable, or variable
to fixed, or a mix of capped coupons and non-capped coupons, or from one
variable type to another, or from one U.S. or other currency index to another,
according to the terms of the bond.
Fixed bonds generally pay interest at constant or stepped fixed rates over the
life of the bond, according to the terms of the bond.
Variable bonds may pay interest at different rates over the life of the bond,
according to the terms of the bond.

(4) Rate Sub-Type Description:


Constant bonds generally pay interest at fixed rates over the life of the bond,
according to the terms of the bond.
Step Down bonds generally pay interest at decreasing fixed rates for specified
intervals over the life of the bond, according to the terms of the bond.

--------------------------------------------------------------------------------


Step Up bonds generally pay interest at increasing fixed rates for specified
intervals over the life of the bond, according to the terms of the bond.
Step Up/Down bonds generally pay interest at various fixed rates for specified
intervals over the life of the bond, according to the terms of the bond.
Zero Coupon bonds earn a fixed yield to maturity or the optional principal
redemption date, according to the terms of the bond, with principal and interest
paid at maturity or upon redemption to the extent exercised prior to maturity.
Capped Floater bonds have an interest rate that cannot exceed a stated or
calculated ceiling, according to the terms of the bond.
Dual Index Floater bonds have an interest rate determined by two or more
indices, according to the terms of the bond.
Leveraged/Deleveraged bonds pay interest based on a formula that includes an
expressed multiplier, according to the terms of the bond: multiplier > 1 =
leveraged; multiplier < 1 = deleveraged.
Inverse Floater bonds have an interest rate that increases as an index declines
and decreases as an index rises, according to the terms of the bond.
Stepped Floater bonds pay interest based on an increasing spread over an index,
according to the terms of the bond.
Range bonds may pay interest at different rates depending upon whether a
specified index is inside or outside a specified range, according to the terms
of the bond.
Single Index Floater bonds pay interest at a rate that increases as an index
rises and decreases as an index declines, according to the terms of the bond.
Ratchet Floater bonds pay interest subject to increasing floors, according to
the terms of the bond, such that subsequent coupons may not be lower than the
previous coupon.

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