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): February 22, 2011

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 2.02. Results of Operations and Financial Condition.

On February 22, 2011, the Federal Home Loan Bank of Atlanta issued a press release reporting certain unaudited financial results for the year ended December 31, 2010. Attached as Exhibit 99.1 to this Current Report on Form 8-K is a copy of the press release.

The information being furnished pursuant to Item 2.02 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 Press Release, dated February 22, 2011

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: February 22, 2011	By: _/s/_Steven J. Goldstein________
		Steven J. Goldstein
		Executive Vice President,
		Chief Financial Officer

EX-99.1

News Release

Feb. 22, 2011

FOR IMMEDIATE RELEASE

CONTACT: Sharon Cook

Federal Home Loan Bank of Atlanta

scook@fhlbatl.com

(404) 888-8173

Federal Home Loan Bank of Atlanta Announces Preliminary 2010 Year-end Financial Results

ATLANTA, Feb. 22, 2011 - Federal Home Loan Bank of Atlanta (the Bank) today released unaudited financial highlights for the year ended Dec. 31, 2010. The Bank will announce 2010 audited financial results in its Form 10-K filing with the Securities and Exchange Commission, which is expected to be filed on or about March 25, 2011.

The Bank reported net income of approximately $278 million for 2010, a decrease of approximately $5 million from net income of approximately $283 million for 2009. As of Dec. 31, 2010, the Bank had total assets of approximately $131.8 billion, a decrease of $19.5 billion, or 12.9 percent, from Dec. 31, 2009.

The Bank's retained earnings balance was approximately $1.1 billion as of Dec. 31, 2010, an increase of approximately $251 million, or 28.8 percent, from Dec. 31, 2009. Capital stock declined from approximately $8.1 billion at Dec. 31, 2009 to approximately $7.2 billion at Dec. 31, 2010.

The Bank's 2010 performance resulted in an annualized return on equity (ROE) of 3.42 percent as compared to 3.58 percent for 2009. The ROE spread to average three-month LIBOR increased in 2010 compared to 2009, equaling 3.08 percent for 2010 as compared to 2.89 percent for 2009.

"The Bank continues to support members through ongoing access to liquidity, payment of dividends, and the repurchase of excess capital stock," said President and CEO Wesley McMullan.

Federal Home Loan Bank of Atlanta

Financial Highlights

(Unaudited)

(Dollars in millions)

		As of December 31,
Statements of Condition		2010	2009
	Investments	$ 39,879	$ 32,940
	Advances, net	89,258	114,580
	Mortgage loans held for portfolio, net	2,039	2,522
	Total assets	131,798	151,311
	Consolidated obligations, net	119,113	138,577
	Total capital stock	7,224	8,124
	Retained earnings	1,124	873
	Accumulated other comprehensive loss	(402)	(744)
	Total capital	7,946	8,253
	Capital-to-assets ratio (GAAP)	6.03%	5.45%
	Capital-to-assets ratio (Regulatory)	6.74%	6.07%

		Years Ended December 31,
Operating Results and Performance Ratios		2010	2009
	Net interest income	$558	$404
	Net impairment losses recognized in earnings	(143)	(316)
	Other income	42	411
	Total other expense	79	113
	Total assessments	100	103
	Net income	278	283
	Return on average assets	0.19%	0.16%
	Return on average equity	3.42%	3.58%

Additional financial information concerning the Bank's results of operations for the most recently completed year will be available in the Bank's Form 10-K scheduled to be filed on or about March 25, 2011 with the Securities and Exchange Commission and will be available at www.fhlbatl.com or www.sec.gov.

* * * *

About the Federal Home Loan Bank of Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members-its shareholders and customers-are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies headquartered 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 $4 billion to the Affordable Housing Program.

For more information visit our website at www.fhlbatl.com.

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