In the Q2, Federal Home Loan Bank Of Atlanta's corporate clients experienced a fall by -33.3 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -48.11 %. During the corresponding time, Federal Home Loan Bank Of Atlanta saw a revenue deteriorated by -2.76 % year on year, sequentially revenue fell by -2.76 %. While revenue at the Federal Home Loan Bank Of Atlanta's corporate clients recorded rose by 22.79 % year on year, sequentially revenue grew by 10.36 %.
Customers of Federal Home Loan Bank Of Atlanta saw their costs of revenue fall by -33.3 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -48.11 %, for the same period Federal Home Loan Bank Of Atlanta revnue deteriorated by -2.76 % year on year, sequentially revenue fell by -2.76 %.
Federal Home Loan Bank Of Atlanta's Comment on Sales, Marketing and Customers
The Bank is subject to customer concentration risk as a result of the Banks reliance
on a relatively small number of member institutions for a large portion of the
Banks total advances and resulting interest income. The Banks largest borrowers,
were Capital One, National Association, which accounted for $20.1 billion, or
19.5 percent, Navy Federal Credit Union, which accounted for $14.8 billion, or
14.4 percent, and Bank of America, National Association, which accounted for $13.3
billion, or 12.9 percent, of the Banks total advances then outstanding. Of the
Banks member institutions (including Capital One, National Association, Navy
Federal Credit Union, and Bank of America, National Association) collectively
accounted for $75.8 billion of the Banks total advances then outstanding, which
represented 73.7 of the Banks total advances then outstanding. If, for any reason,
the Bank were to lose, or experience a decrease in the amount of, its business
relationships with its largest borrower or a combination of several of its large
borrowers - whether as the result of any such member becoming a party to a merger
or other transaction, or as a result of market conditions, competition or otherwise
- the Banks financial condition and results of operations could be negatively
affected.
Federal Home Loan Bank Of Atlanta’s Comment on Sales, Marketing and Customers
The Bank is subject to customer concentration risk as a result of the Banks reliance
on a relatively small number of member institutions for a large portion of the
Banks total advances and resulting interest income. The Banks largest borrowers,
were Capital One, National Association, which accounted for $20.1 billion, or
19.5 percent, Navy Federal Credit Union, which accounted for $14.8 billion, or
14.4 percent, and Bank of America, National Association, which accounted for $13.3
billion, or 12.9 percent, of the Banks total advances then outstanding. Of the
Banks member institutions (including Capital One, National Association, Navy
Federal Credit Union, and Bank of America, National Association) collectively
accounted for $75.8 billion of the Banks total advances then outstanding, which
represented 73.7 of the Banks total advances then outstanding. If, for any reason,
the Bank were to lose, or experience a decrease in the amount of, its business
relationships with its largest borrower or a combination of several of its large
borrowers - whether as the result of any such member becoming a party to a merger
or other transaction, or as a result of market conditions, competition or otherwise
- the Banks financial condition and results of operations could be negatively
affected.
Sources:
Federal Home Loan Bank Of Atlanta’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Federal Home Loan Bank Of Atlanta’s corporate clients.
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