Federal Home Loan Bank of Atlanta President and CEO Announces Retirement; Interim President and CEO Named

ATLANTA, Jan. 25 /PRNewswire/ -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) CEO and President Raymond R. Christman has announced his retirement, effective Jan. 31, 2007. William Ott has been named Interim President and CEO, effective Feb. 1, 2007.

"It has been a pleasure to lead the bank since 1999, and I am proud of its accomplishments. I believe the time is right for me to explore other opportunities in banking, housing, and community development. I will miss the talented staff of the Bank, and look forward to assisting them in an advisory capacity over the next several months as part of this transition," Christman said.

During his tenure, Christman oversaw the Bank as it grew from $50 billion to $144 billion in assets and increased advances to members from $34 billion to $101 billion. In 2006, the Bank awarded a record number of Affordable Housing Program grants totaling $40.2 million to help build or preserve more than 6,000 affordable housing units.

"Mr. Christman has played a key role in the bank's growth and profitability, and the continuing success of our affordable housing programs. We are grateful for his service and dedication to members and the communities we serve," said Scott Harvard, chairman of the FHLBank Atlanta board of directors.

William Ott is President of PEAC Ventures, Inc., a firm that advises corporate boards and executive management teams. Previously, Ott served on the Executive Managing Committees of VISA, St. George Bank (Australia) and the Bank of Boston. He has held senior positions at First Data Corp. and Bank of America. He currently serves as a Director and Chairman of the Audit Committee of E*TRADE Bank.

About FHLBank Atlanta

FHLBank Atlanta is a financial services organization that provides low- cost financing, community development grants, and other banking services to more than 1,200 financial institutions in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System, which since 1990 has contributed more than $2 billion to affordable housing development in the United States. For more information, visit http://www.fhlbatl.com/.

Some of the statements made in this press release may be "forward-looking statements," which include statements with respect to the Bank's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, many of which may be beyond the Bank's control, and which may cause the Bank's actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements.

The forward-looking statements may not be realized due to a variety of factors, including: future economic and market conditions; changes in demand for advances or consolidated obligation; changes in interest rates; legislative and regulatory changes; political, national and world events; and adverse developments or events affecting or involving other FHLBanks or the FHLBank System in general. Additional factors that might cause the Bank's results to differ from these forward-looking statements are contained in the Bank's annual and quarterly reports, available on the Bank's website at http://www.fhlbatl.com/.

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