On June 30, 2010, the Federal Home Loan Bank of Atlanta (the "Bank") sent a notice to each current shareholder of the Bank announcing that it will repurchase up to $300 million subclass B2 activity-based excess capital stock on July 15, 2010. The amount of activity-based excess stock to be repurchased from any individual shareholder will be based on the shareholder's total capital stock as of April 30, 2010 and an allocation methodology as described in the notice. Attached as Exhibit 99.1 to this Current Report on Form 8-K is a copy of the form notice.
The information being furnished pursuant to Item 7.01 of this Current Report on Form 8-K and the information contained in Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Exhibits.