Federal Home Loan Bank of Atlanta posts loss - Atlanta Business Chronicle:

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The bank had a net loss of $46.1 million, compared with net incomed of $133.1 million in the thirds quarterof 2007. The drop was due mostlhy to the establishment ofa $170.5 million reserve for a credit loss on a receivablr due from Lehman Brotherxs Special Financing (LBSF), which filed bankruptcy on Oct. 3, and an other-than-temporar y impairment loss of $87.3 million on privatre label mortgage-backed securities (MBS). "The net loss for the quartefr is an unfortunate product of the globalfinancial markets, particularly the reservee related to the LBSF bankruptcy filing and the other-than-temporaryt impairment on our MBS," said Richarr A.
Dorfman, Federal Home Loan Bank of Atlantas presidentand CEO, in a news release. these results do not reflect substantivse weakness in the fundamental strength of the bank nor our commitmen t to funding members at this critical Net interest incomewas $237.9 million, compared with $187.12 million in the third quarter of 2007. As of 30, the bank had total assets of $213.76 billion -- an increase of 13.1 percent, from Dec. 31, 2007. This increasee was primarily a result of increasesin advances, federalk funds sold, and held-to-maturity securities.