Federal Home Loan Bank of Atlanta 8-K

What Happened

• The Federal Home Loan Bank of Atlanta filed a Form 8‑K (Item 2.03) on January 2, 2026, reporting that it committed to issue consolidated obligation bonds with a combined par value of $2.5 billion. The trades were executed on December 30, 2025 and settle January 5, 2026.
• The two reported issues are variable single‑index floating‑rate bonds (non‑callable): a $1.5 billion issue (CUSIP 3130B8ZH8) maturing June 4, 2026, and a $1.0 billion issue (CUSIP 3130B8ZJ4) maturing July 2, 2026. The report was signed by Thomas J. Costello, MBS Portfolio Manager.

Key Details

• Trade date: December 30, 2025; Settlement date: January 5, 2026.
• Par amounts: $1,500,000,000 (matures 6/4/2026) and $1,000,000,000 (matures 7/2/2026).
• Rate type: Variable Single Index Floater; both issues are non‑callable.
• Consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks, backed only by the Banks’ financial resources (not guaranteed by the U.S. government).

Why It Matters

• These consolidated obligations are a primary funding source for the Bank; the reported $2.5 billion increases the Bank’s short‑term debt issuance as of late 2025/early 2026.
• Investors should note that (1) the FHLB system treats consolidated obligations as jointly liable across the eleven Banks, (2) FHFA rules allow the regulator to require one FHLB to repay obligations for which another is the primary obligor, and (3) the par amounts reported are at face value and may differ from amounts presented under GAAP. The filing also clarifies Schedule A excludes discount notes with maturities of one year or less issued in the ordinary course.