CAPITAL PLANNING. (1) Within ninety (90) days of the date of this Agreement, the Board shall develop, implement, and thereafter ensure Bank adherence to a three-year capital program. The program shall include:
(a) specific plans for the maintenance of adequate capital pursuant to the requirements under Part 3 and to remain well-capitalized pursuant to Part 6;
(b) projections for growth and capital requirements based upon a detailed analysis of the Bank’s assets, liabilities, earnings, fixed assets, and off- balance sheet activities;
(c) projections of the sources and timing of additional capital to meet the Bank’s current and future needs;
(d) the primary source(s) from which the Bank will strengthen its capital structure to meet the Bank’s needs:
(e) contingency plans that identify alternative methods should the primary source(s) under (d) above not be available; and
(f) a dividend policy that permits the declaration of a dividend only:
(i) when the Bank is in compliance with its approved capital program;
(ii) when the Bank is in compliance with 12 U.S.C. §§ 56 and 60; and with the prior written determination of no supervisory objection by the Assistant Deputy Comptroller. Upon receiving a determination of no supervisory objection from the Assistant Deputy Comptroller, the Bank shall implement and adhere to the dividend policy.
(2) Upon completion, the Bank’s capital program shall be submitted to the Assistant Deputy Comptroller for prior determination of no supervisory objection. Upon receiving a determination of no supervisory objection from the Assistant Deputy Comptroller, the Bank shall implement and adhere to the capital program. The Board shall review and update the Bank’s capital program on an annual basis or more frequently if necessary. Copies of the reviews and updates shall be submitted to the Assistant Deputy Comptroller.
CAPITAL PLANNING. (1) Within ninety (90) days of the date of this Agreement, the Board shall adopt an effective internal capital planning process to assess the Bank’s capital adequacy in relation to its overall risks and to ensure maintenance of appropriate capital levels. Thereafter, management shall implement, and the Board shall verify, no less than annually, no later than January 31 of each year, adherence to the capital planning process. The capital planning process shall be consistent with safe and sound practices and ensure the integrity, objectivity, and consistency of the process through adequate governance. Refer to the “Capital and Dividends” booklet of the Comptroller’s Handbook. The Board shall document the initial capital planning process and thereafter review and document the capital planning process at least annually or more frequently, if appropriate, or required by the Assistant Deputy Comptroller in writing.
(2) Within ninety (90) of the date of this Agreement, the Board shall submit to the Assistant Deputy Comptroller for review and prior written determination of no supervisory objection an acceptable written capital plan for the Bank, consistent with the Strategic Plan required by Article IV, covering at least a three-year period (“Capital Plan”). Refer to “Capital and Dividends” booklet of the Comptroller’s Handbook.
(3) Except as provided in paragraph (4) of this Article, the Bank’s Capital Plan shall, at a minimum:
(a) include specific plans for the maintenance of adequate capital;
(b) identify and evaluate all material risks;
(c) determine the Bank’s capital needs in relation to material risks and strategic direction;
(d) establish appropriate board-approved capital limits;
(e) develop early warning indicators and actionable plans to ensure capital levels remain above appropriate limits;
(f) identify and establish a strategy to maintain capital and strengthen capital if necessary and establish a contingency or back-up capital plan commensurate with the Bank’s overall risk and complexity;
(g) include detailed quarterly financial projections which shall be consistent with the Strategic Plan required by Article IV; and
(h) include specific plans detailing how the Bank will comply with restrictions or requirements set forth in this Agreement that will have an impact on the Bank’s capital.
(4) If the Bank’s Capital Plan outlines a sale or merger of the Bank, the Capital Plan shall, at a minimum, address the steps and the associated timeline to ensure tha...
CAPITAL PLANNING. (1) By no later than June 30, 2017, the Bank shall achieve and thereafter maintain the following minimum capital levels (as defined in 12 C.F.R. Part 3):
(a) leverage ratio at least equal to nine percent (9%);
(b) common equity tier 1 capital ratio at least equal to twelve percent (12%); and
(c) total capital ratio at least equal to fourteen percent (14%).
(2) The requirement in this Order to meet and maintain a specific capital level means that the Bank may not be deemed to be “well capitalized” for purposes of 12 U.S.C. § 1831o and 12 C.F.R. Parts 6 and 165, pursuant to 12 C.F.R. § 6.4(c)(1)(v).
(3) Within sixty (60) days of the date of this Agreement, the Board shall prepare and forward to the Assistant Deputy Comptroller for review, pursuant to paragraph five (5) of this Article, a written Capital Plan for the Bank, consistent with the Strategic Plan required pursuant to Article VIII, covering at least a three-year period. The capital planning process shall be consistent with OCC Bulletin 2012-16, Guidance for Evaluating Capital Planning and Adequacy, dated June 7, 2012, and shall ensure the integrity, objectivity, and consistency of the process through adequate governance. The written Capital Plan shall establish projections for the Bank’s overall risk profile, earnings performance, growth expectations, balance sheet mix, off-balance sheet activities, liability and funding structure, and capital and liquidity adequacy that the Bank intends to achieve, and, at a minimum:
(a) include specific plans for the maintenance of adequate capital, which shall in no event be less than the requirements of paragraph one (1) of this Article;
(b) identify and evaluate all material risks including, but not limited to:
(i) HELOC concentrations and other credit concentrations;
(ii) aggressive loan growth over the past two years and growth plans in the future;
(iii) funding pressures or reliance on volatile funding sources;
(iv) planned capital expenditures and holding company debt;
(v) major asset and liability strategies or changes, including new products and services; and
(vi) exposure to market risks;
(c) determine the Bank’s capital needs in relation to material risks and strategic direction consistent with the Strategic Plan pursuant to Article VIII by, among other things,
(i) setting minimum capital ratios based on exposures and the Board’s risk tolerance;
(ii) developing a strategy to meet these capital needs and track progress;
(iii) altering strategic plans as ...
CAPITAL PLANNING. (1) Within ninety (90) days of the date of this Agreement, the Board shall develop, adopt, implement and thereafter ensure Bank adherence to an effective internal capital planning process to assess the Bank’s capital adequacy in relation to its overall risks and to ensure maintenance of appropriate capital levels. The capital planning process shall be consistent with OCC Bulletin 2012-16, Guidance for Evaluating Capital Planning and Adequacy (June 7, 2012), and shall ensure the integrity, objectivity, and consistency of the process through adequate governance. The Board shall document the initial capital planning process and thereafter review and document the capital planning process at least annually or more frequently if requested by the Assistant Deputy Comptroller in writing.
(2) Within sixty (60) days of the date of this Agreement, the Board shall forward to the Assistant Deputy Comptroller for review, pursuant to paragraph (1) of this Article, a written Capital Plan for the Bank, consistent with the Strategic Plan pursuant to Article III, covering at least a three (3) year period. Except as provided in paragraph (3) of this Article, the written Capital Plan shall, at a minimum:
(a) include specific plans for the maintenance of adequate capital;
(b) identify and evaluate all material risks;
(c) determine the Bank’s capital needs in relation to material risks and strategic direction as described in the Strategic Plan referenced in Article III of this Agreement;
(d) include specific plans and documentation of supporting rationale for the maintenance of adequate capital;
(e) include guidelines for conducting capital stress testing consistent with OCC Bulletin 2012-33,
CAPITAL PLANNING. (1) Within ninety (90) days, the Board shall develop, implement, and thereafter ensure Bank adherence to a formal three year capital program. The program shall include:
(a) specific plans for the maintenance of adequate capital at levels that are commensurate with its risk profile;
(b) projections for growth and capital requirements based upon a detailed analysis of the Bank's assets, liabilities, earnings, fixed assets, and off- balance sheet activities;
(c) projections of the sources and timing of additional capital to meet the Bank’s current and future needs;
(d) the primary source(s) from which the Bank will strengthen its capital structure to meet the Bank's needs;
(e) contingency plans that identify alternative methods should the primary source(s) under (d) above not be available; and
(f) a dividend policy that permits the declaration of a dividend only:
(i) when the Bank is in compliance with its approved capital program;
(ii) when the Bank is in compliance with 12 U.S.C. §§ 56 and 60; and
(iii) with the prior written determination of no supervisory objection by the Assistant Deputy Comptroller.
(2) Upon completion, the Bank's capital program shall be maintained in the Bank and available for inspection by OCC examiners.
(3) The Board shall review and update the Bank’s capital program on an annual basis, or more frequently if necessary. Copies of the written reviews and updates shall be maintained in the Bank and available for inspection by OCC examiners.
(4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.
CAPITAL PLANNING. (1) Within one hundred twenty (120) days of the date of this Agreement, the Board shall develop, adopt, implement and thereafter ensure Bank adherence to an effective internal capital planning process to assess the Bank’s capital adequacy in relation to its overall risks and to ensure maintenance of appropriate capital levels. The capital planning process shall be consistent with OCC Bulletin 2012-16, Guidance for Evaluating Capital Planning and Adequacy (June 7, 2012). The Board shall document the initial capital planning process and thereafter review and document the capital planning process at least annually or more frequently if requested by the Assistant Deputy Comptroller in writing.
(2) Within sixty (60) days of the date of this Agreement, the Board shall approve and forward to the Assistant Deputy Comptroller for her review, pursuant to paragraph (4) of this Article, a written Capital Plan for the Bank, consistent with the Strategic Plan pursuant to Article III, covering at least a three (3) year period. The written Capital Plan shall, at a minimum:
(a) identify and evaluate all material risks;
(b) determine the Bank’s capital needs in relation to material risks and strategic direction as described in the strategic plan developed pursuant to Article III of this Agreement
(c) include specific plans and documentation of supporting rationale for the maintenance of adequate capital;
(d) include guidelines for conducting capital stress testing consistent with OCC Bulletin 2012-33,
CAPITAL PLANNING. (1) Within sixty (60) days, the Board shall require the Bank to develop, implement, and thereafter ensure Bank adherence to a three-year capital program, consistent with the bank’s Strategic Plan. The program shall include:
(a) specific plans for the maintenance of adequate capital that may in no event be less than the requirements of 12 C.F.R. Part 3;
(b) projections for growth and capital requirements based upon a detailed analysis of the Bank's assets, liabilities, earnings, fixed assets, and off- balance sheet activities;
(c) projections of the sources and timing of additional capital to meet the Bank's current and future needs;
(d) the primary source(s) from which the Bank will strengthen its capital structure to meet the Bank's needs;
(e) contingency plans that identify alternative methods should the primary source(s) under (d) above not be available; and
(f) a dividend policy that permits the declaration of a dividend only:
(i) when the Bank is in compliance with its approved capital program;
(ii) when the Bank is in compliance with 12 U.S.C. §§ 56 and 60; and
(iii) with the prior written determination of no supervisory objection by the Assistant Deputy Comptroller. Upon receiving a determination of no supervisory objection, the Bank shall implement and adhere to the dividend policy.
(2) Upon completion, the Bank's capital program shall be submitted to the Assistant Deputy Comptroller for prior determination of no supervisory objection. Upon receiving a determination of no supervisory objection from the Assistant Deputy Comptroller, the Bank shall implement and adhere to the capital program. The Board shall review and update the Bank's capital program on an annual basis, or more frequently if necessary. Copies of the reviews and updates shall be submitted to the Assistant Deputy Comptroller.
CAPITAL PLANNING. (a) During the life of the contract, the Fire Chief shall maintain a register of all fire apparatus and equipment currently owned by or assigned to the Fire Department, its current value, together with the identification of which party hereto owns it.
(b) The Fire Chief shall maintain a five-year capital (equipment, fire apparatus, and buildings) replacement and improvement plan for the Fire Department. This plan will be updated annually and shall be incorporated in the annual report to the City, the County, and Fire Committee.
CAPITAL PLANNING. At the discretion of HOSPITAL, Manager, in conjunction with HOSPITAL, shall review and recommend adjustments to annual program and capital plans for the Service Line. Any such recommended changes shall be subject to the ultimate approval of the Governing Board of the Hospital and the Governing Board of Foundation HealthCare, Inc. If approved, Manager shall in good faith use its best efforts to implement and manage the plans within the approved parameters.
CAPITAL PLANNING. Capital sheet will allow to plan for long term capital improvement projects by funding source Y Fixed Assets: • Capital sheet will allow managers to plan for new assets and straight-line depreciation will be calculated based on in service date and useful life • Forecasted depreciation expense for existing assets will be imported from Workday Y Allocations: • Up to five (5) single step departmental allocations utilizing Workday Adaptive Planning’s native allocation engine Y Reporting: Maximum of five (5) Adaptive Hypertext Markup Language (HTML) reports Y End-to-End process KT sessions will be conducted during the Deploy stage to train the trainer along with Client specific process documentation Provide template for testing scenarios and training material Knowledge Transfer/Training Adaptive Insight’s implementation methodology involves KT and testing during and after every model Y End-to-End process KT sessions will be conducted during the Deploy stage to train the trainer along with Client specific process documentation Provide template for testing scenarios and training material Out-of-Scope: Balance sheet and cash flow forecasting N Third-party integrations N In Scope person population(s) which are active at time of the Go-Live conversion extract will be included in the conversion process. Clients’ workers who were terminated in the current year based on the final extract date will be included in the data conversion to Workday to support rehires and reporting. • Suppliers active in the two (2) years prior to Go-Live • Customers active in the two (2) years prior to Go-Live