Federal Home Loan Bank of Atlanta 8-K

What Happened
The Federal Home Loan Bank of Atlanta filed an 8‑K on December 29, 2025 reporting that it committed to issue consolidated obligations (debt sold in the capital markets) with trade date December 23, 2025. The Bank is the primary obligor on three consolidated obligation issues with a combined par amount of $3.0 billion. Consolidated obligations are joint and several obligations of the eleven Federal Home Loan Banks, sold through the Office of Finance and regulated by the Federal Housing Finance Agency (FHFA); they are not obligations of the U.S. government.

Key Details

• Total par amount committed: $3,000,000,000 across three issues (trade date 12/23/2025).
  • CUSIP 3130B8YQ9 — $1,000,000,000 par; settlement 12/26/2025; maturity 12/23/2027; variable single‑index floater; non‑callable.
  • CUSIP 3130B8YS5 — $1,500,000,000 par; settlement 12/24/2025; maturity 6/24/2026; fixed constant coupon 3.61%; non‑callable.
  • CUSIP 3130B8YW6 — $500,000,000 par; settlement 12/24/2025; maturity 6/22/2026; fixed constant coupon 3.61%; non‑callable.
• The filing notes Schedule A excludes short-term discount notes (≤1 year) issued in the ordinary course and may not reflect use of proceeds (e.g., to replace maturing or called obligations).
• The Bank states it has not made a materiality determination for any particular consolidated obligation and that interest‑rate swaps or other derivatives may be related to these obligations.

Why It Matters
This filing shows how the Bank funds operations through the capital markets: $3.0 billion of debt was committed, including short‑to‑medium maturities (mid‑2026 and late‑2027) and a mix of fixed and variable interest structures. For investors, key facts are the amounts, coupon (3.61% for the fixed issues), maturities, and that these obligations are backed by the Federal Home Loan Banks collectively—not by the U.S. Treasury—so credit depends on the Federal Home Loan Banks’ financial resources and FHFA oversight. The filing also warns Schedule A won’t track total outstanding consolidated obligations or related hedges; total outstanding primary‑obligor debt will be reported in the Bank’s periodic SEC filings.