2024 Q3 Form 10-Q Financial Statement

#000133146524000134 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.73B
YoY Change 1.59%
Cash & Equivalents $35.00M
Short-Term Investments $30.70B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $147.0B
YoY Change -15.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $138.8B
YoY Change -16.55%
SHAREHOLDERS EQUITY
Retained Earnings $2.670B
YoY Change 11.11%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.217B
YoY Change
Total Liabilities & Shareholders Equity $147.0B
YoY Change -15.64%

Cashflow Statement

Concept 2024 Q3 2024 Q2

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Comprehensive Income Loss Net Of Federal Home Loan Bank Assessments Attributable To Parent
ComprehensiveIncomeLossNetOfFederalHomeLoanBankAssessmentsAttributableToParent
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us-gaap Comprehensive Income Loss Net Of Federal Home Loan Bank Assessments Attributable To Parent
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us-gaap Comprehensive Income Loss Net Of Federal Home Loan Bank Assessments Attributable To Parent
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329000000 usd
CY2024Q2 us-gaap Federal Home Loan Bank Risk Based Capital Required
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CY2023Q4 us-gaap Federal Home Loan Bank Risk Based Capital Required
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CY2023Q4 us-gaap Federal Home Loan Bank Risk Based Capital Actual
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CY2024Q2 fhlba Regulatory Capital Ratio Required
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0.0400
CY2024Q2 us-gaap Federal Home Loan Bank Regulatory Capital Ratio Actual
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0.0559
CY2023Q4 fhlba Regulatory Capital Ratio Required
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CY2023Q4 us-gaap Federal Home Loan Bank Regulatory Capital Ratio Actual
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CY2024Q2 fhlba Leverage Ratio Required
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0.0500
CY2024Q2 us-gaap Federal Home Loan Bank Leverage Ratio Actual1
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0.0839
CY2023Q4 fhlba Leverage Ratio Required
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0.0799
CY2024Q2 us-gaap Federal Home Loan Bank Leverage Capital Required
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7350000000 usd
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CY2024Q1 us-gaap Dividends Common Stock Cash
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CY2024Q1 fhlba Common Stock Dividend Annualized Rate
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CY2023Q1 us-gaap Dividends Common Stock Cash
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CY2023Q1 fhlba Common Stock Dividend Annualized Rate
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0.0637
CY2024Q2 us-gaap Dividends Common Stock Cash
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CY2024Q2 fhlba Common Stock Dividend Annualized Rate
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CY2023Q2 us-gaap Dividends Common Stock Cash
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CY2023Q2 fhlba Common Stock Dividend Annualized Rate
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us-gaap Dividends Common Stock Cash
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fhlba Common Stock Dividend Annualized Rate
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us-gaap Dividends Common Stock Cash
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fhlba Common Stock Dividend Annualized Rate
CommonStockDividendAnnualizedRate
0.0644
fhlba Par Amount Of Consolidated Obligations Transfer
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2000000 usd
us-gaap Repayments Of Mandatory Redeemable Capital Securities
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0 usd
us-gaap Repayments Of Mandatory Redeemable Capital Securities
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2000000 usd
us-gaap Payments Of Dividends Common Stock
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225000000 usd
us-gaap Payments Of Dividends Common Stock
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177000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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21459000000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1890000000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
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0 usd
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CY2024Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest
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CY2023Q4 fhlba Accrued Interest On Available For Sale
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CY2023Q4 fhlba Federal Home Loan Bank Advances Allowance For Credit Losses On Advances
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0 usd
CY2023Q4 fhlba Federal Home Loan Bank Advances Past Due
FederalHomeLoanBankAdvancesPastDue
0 usd
CY2023Q4 fhlba Numberof Top Advances Borrowers
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10 institutions
CY2024Q2 us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Interest Expense
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CY2023Q2 us-gaap Comprehensive Income Loss Net Of Federal Home Loan Bank Assessments Attributable To Parent
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CY2023Q2 us-gaap Dividends Common Stock Cash
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CY2023Q2 us-gaap Stockholders Equity
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CY2024Q1 us-gaap Stockholders Equity
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CY2024Q2 us-gaap Stock Issued During Period Value New Issues
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CY2024Q2 us-gaap Comprehensive Income Loss Net Of Federal Home Loan Bank Assessments Attributable To Parent
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174000000 usd
CY2024Q2 us-gaap Dividends Common Stock Cash
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CY2024Q2 us-gaap Stockholders Equity
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8217000000 usd
CY2022Q4 us-gaap Stockholders Equity
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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us-gaap Stock Repurchased During Period Value
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us-gaap Net Shares Reclassified To Mandatorily Redeemable Capital Stock Value
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us-gaap Comprehensive Income Loss Net Of Federal Home Loan Bank Assessments Attributable To Parent
ComprehensiveIncomeLossNetOfFederalHomeLoanBankAssessmentsAttributableToParent
329000000 usd
us-gaap Dividends Common Stock Cash
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CY2023Q2 us-gaap Stockholders Equity
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CY2023Q4 us-gaap Stockholders Equity
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Repurchased During Period Value
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us-gaap Comprehensive Income Loss Net Of Federal Home Loan Bank Assessments Attributable To Parent
ComprehensiveIncomeLossNetOfFederalHomeLoanBankAssessmentsAttributableToParent
376000000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
225000000 usd
CY2024Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss Attributable To Parent Net Of Federal Home Loan Bank Assessments
NetIncomeLossAttributableToParentNetOfFederalHomeLoanBankAssessments
371000000 usd
us-gaap Net Income Loss Attributable To Parent Net Of Federal Home Loan Bank Assessments
NetIncomeLossAttributableToParentNetOfFederalHomeLoanBankAssessments
297000000 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
-177000000 usd
us-gaap Depreciation Amortization And Accretion Net
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128000000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
80000000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Operating Assets
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fhlba Increase Decrease In Affordable Housing Program Assessments
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fhlba Increase Decrease In Affordable Housing Program Assessments
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us-gaap Increase Decrease In Interest Payable Net
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us-gaap Increase Decrease In Interest Payable Net
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
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us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
284000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
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us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
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us-gaap Proceeds From Payments For Securities Purchased Under Agreements To Resell
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us-gaap Proceeds From Payments For Securities Purchased Under Agreements To Resell
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us-gaap Increase Decrease In Federal Funds Sold
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us-gaap Increase Decrease In Federal Funds Sold
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
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us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
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us-gaap Payments To Acquire Held To Maturity Securities
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us-gaap Payments To Acquire Held To Maturity Securities
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us-gaap Payments For Proceeds From Other Loans And Leases
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us-gaap Payments For Proceeds From Other Loans And Leases
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us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
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us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
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us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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us-gaap Payments To Acquire Productive Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Increase Decrease In Deposits
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us-gaap Increase Decrease In Deposits
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us-gaap Proceeds From Other Short Term Debt
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78430000000 usd
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
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fhlba Discount Notes Transferred From Other Fhl Banks
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fhlba Discount Notes Transferred From Other Fhl Banks
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us-gaap Proceeds From Issuance Of Other Long Term Debt
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us-gaap Proceeds From Issuance Of Other Long Term Debt
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Repayments Of Other Short Term Debt
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us-gaap Repayments Of Other Short Term Debt
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fhlba Discount Notes Transferred To Other Fhl Banks
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fhlba Discount Notes Transferred To Other Fhl Banks
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us-gaap Repayments Of Other Long Term Debt
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us-gaap Repayments Of Other Long Term Debt
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us-gaap Payments For Bonds Transferred To Other Other Federal Home Loan Banks
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us-gaap Payments For Bonds Transferred To Other Other Federal Home Loan Banks
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Interest Paid Net
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us-gaap Basis Of Accounting
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Basis of Presentation<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited interim financial statements of the Federal Home Loan Bank of Atlanta (Bank) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). To prepare the financial statements in conformity with GAAP, management must make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and income and expenses during the reporting period. Actual results could be different from these estimates. The foregoing interim financial statements are unaudited; however, in the opinion of management, all adjustments, consisting only of normal recurring adjustments necessary for a fair statement of the results for the interim periods, have been included. The results of operations for interim periods are not necessarily indicative of results to be expected for the fiscal year 2024, or for other interim periods. The unaudited interim financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2023, which are contained in the Bank’s 2023 Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 8, 2024 (Form 10-K).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Bank has certain financial instruments, including derivative instruments and securities purchased under agreements to resell, that are subject to offset under master netting arrangements or by operation of law. Additional information regarding derivative instruments is provided in </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#idaa5e7c612d94f2dadb38f464678a3c6_82" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Note 10</a></span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline"><a href="#idaa5e7c612d94f2dadb38f464678a3c6_82" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">—</a></span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#idaa5e7c612d94f2dadb38f464678a3c6_82" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Derivatives and Hedging Activities</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> to the Bank’s interim financial statements. The Bank does not have any offsetting liabilities related to its securities purchased under agreements to resell for the periods presented. Based on the fair value of the related securities held as collateral, the securities purchased under agreements to resell were fully collateralized for the periods presented.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All investments in interest-bearing deposits and federal funds sold were repaid or expected to be repaid according to the contractual terms as of June 30, 2024 and December 31, 2023. No allowance for credit losses was recorded for these assets as of June 30, 2024 and December 31, 2023. The carrying values of these assets exclude accrued interest receivable that was not material as of June 30, 2024 and December 31, 2023.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Based upon the collateral held as security and collateral maintenance provisions with its counterparties, the Bank determined that no allowance for credit losses was needed for its securities purchased under agreements to resell as of June 30, 2024 and December 31, 2023. The carrying values of securities purchased under agreements to resell exclude accrued interest receivable that was not material as of June 30, 2024 and December 31, 2023.</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to Note 2</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">—</span>Summary of Significant Accounting Policies to the Bank’s 2023 audited financial statements for a description of all the Bank’s significant accounting policies. The Bank adopted new accounting guidance effective f
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1054771000000 usd
CY2023Q4 fhlba Consolidated Obligation Jointly And Severally Liable
ConsolidatedObligationJointlyAndSeverallyLiable
1061022000000 usd
CY2024Q2 fhlba Related Party Transaction Definition Of Related Party Capital Stock Percentage
RelatedPartyTransactionDefinitionOfRelatedPartyCapitalStockPercentage
0.10
CY2024Q2 fhlba Related Party Transaction Definition Of Related Party Capital Stock Percentage
RelatedPartyTransactionDefinitionOfRelatedPartyCapitalStockPercentage
0.10
CY2024Q2 fhlba Transactionswith Shareholders Definitionof Shareholder Concentration Regulatory Capital Stock Percent
TransactionswithShareholdersDefinitionofShareholderConcentrationRegulatoryCapitalStockPercent
0.10
CY2024Q2 fhlba Transactionswith Shareholders Definitionof Shareholder Concentration Regulatory Capital Stock Percent
TransactionswithShareholdersDefinitionofShareholderConcentrationRegulatoryCapitalStockPercent
0.10
CY2024Q2 fhlba Par Amount Of Consolidated Obligations Transfer
ParAmountOfConsolidatedObligationsTransfer
2000000 usd
CY2023Q2 fhlba Par Amount Of Consolidated Obligations Transfer
ParAmountOfConsolidatedObligationsTransfer
11360000000 usd
fhlba Par Amount Of Consolidated Obligations Transfer
ParAmountOfConsolidatedObligationsTransfer
11610000000 usd
CY2024Q2 fhlba Par Amount Of Consolidated Obligations Assumed
ParAmountOfConsolidatedObligationsAssumed
1000000 usd
CY2023Q2 fhlba Par Amount Of Consolidated Obligations Assumed
ParAmountOfConsolidatedObligationsAssumed
0 usd
fhlba Par Amount Of Consolidated Obligations Assumed
ParAmountOfConsolidatedObligationsAssumed
6000000 usd
fhlba Par Amount Of Consolidated Obligations Assumed
ParAmountOfConsolidatedObligationsAssumed
0 usd
fhlba Common Stock Dividend Subsequent Event Annualized Rate
CommonStockDividendSubsequentEventAnnualizedRate
0.0735

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