8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 30, 2010

FEDERAL HOME LOAN BANK OF ATLANTA

(Exact name of registrant as specified in its charter)

Federally chartered corporation	000-51845	56-6000442
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)
1475 Peachtree Street, NE
Atlanta, GA 30309
(Address of principal executive offices)
(404) 888-8000
(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

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.

99.1 Form of Notice to Current Shareholders, dated June 30, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Federal Home Loan Bank of Atlanta
Date: June 30, 2010	By: /s/W. Wesley McMullan
		W. Wesley McMullan
		Executive Vice President and
		Director of Financial Management

EX-99.1

Repurchase of Subclass B2 Activity-based, Excess Capital Stock

Date of Notice: 6/30/2010

Federal Home Loan Bank of Atlanta (the Bank) will repurchase up to $300 million of Subclass B2 activity-based excess capital stock on July 15, 2010 (the Repurchase Date). The amount of activity-based excess stock to be repurchased from any shareholder will be based on the shareholder's total capital stock as of April 30, 2010.

If a shareholder had no activity-based excess stock on April 30, 2010, or has no activity-based excess stock on the Repurchase Date, the Bank will not repurchase any excess stock from that shareholder on the Repurchase Date. Shareholders with activity-based excess stock on the Repurchase Date may not opt out of the repurchase.

The Bank will credit the proceeds from the repurchase of any activity-based excess stock to each shareholder's daily investment account on July 15, 2010. The repurchase of excess capital stock is subject to the Bank continuing to meet all applicable statutory and regulatory conditions for an excess stock repurchase and all other conditions provided in the Bank's Capital Plan.

The Bank will not repurchase Subclass B1 membership-based excess capital stock outstanding as of April 30, 2010. The Bank will continue to evaluate on a quarterly basis whether to repurchase membership-based excess stock.

For questions about the activity-based excess stock repurchase, please contact the Funding Desk at 800.536.9650, extension 8011.