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Article: Federal Home Loan Bank of Atlanta Declares 3Q Dividend.
- Article from:
- Entertainment Close-up
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Board of Directors of Federal Home Loan Bank of Atlanta (the Bank) has approved an annualized dividend rate for the third quarter of 0.41 percent.
The Bank also announced that it will not repurchase activity-based excess capital stock outstanding as of the end of the third quarter of 2009. The Bank will continue to evaluate on a quarterly basis whether to repurchase excess capital stock.
The dividend rate is equal to average three-month LIBOR for the period of July 1, to Sept. 30, and is applicable to capital stock held during that period. The dividend will be credited to members' daily investment accounts at the close of business on Nov. 2.
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