Common use of INTEREST RATE RISK POLICY Clause in Contracts

INTEREST RATE RISK POLICY. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC for review.

INTEREST RATE RISK POLICY. (1) Within sixty ninety (6090) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet Risk booklet, L-IRR, of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC Assistant Deputy Comptroller for review. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policy developed pursuant to this Article.

INTEREST RATE RISK POLICY. (1) Within sixty one hundred fifty (60150) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC Assistant Deputy Comptroller for review. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policy developed pursuant to this Article.

INTEREST RATE RISK POLICY. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the BankBoard’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment appointment of competent personnel and the establishment of clear lines of responsibility and authority to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's reviews to ensure adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC Assistant Deputy Comptroller for review.

INTEREST RATE RISK POLICY. (1) Within sixty ninety (6090) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's adherence model to independently validate the policyaccuracy of its results. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC Assistant Deputy Comptroller for review. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policy developed pursuant to this Article.

INTEREST RATE RISK POLICY. (1) Within sixty ninety (6090) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC Assistant Deputy Comptroller for review. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policy developed pursuant to this Article.

INTEREST RATE RISK POLICY. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet Risk booklet, L-IRR, of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC Assistant Deputy Comptroller for reviewreview and prior written determination of no supervisory objection. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policy developed pursuant to this Article.

INTEREST RATE RISK POLICY. (1) Within sixty on hundred twenty (60120) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC Assistant Deputy Comptroller for review. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policy developed pursuant to this Article.

INTEREST RATE RISK POLICY. (1) Within sixty ninety (6090) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's ’s adherence to the policy. (2) Upon Within five (5) days of adoption, a copy of the written policy shall be forwarded to the ADC for reviewAssistant Deputy Comptroller.

INTEREST RATE RISK POLICY. (1) Within sixty one hundred twenty (60120) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet Risk booklet, L-IRR, of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC Assistant Deputy Comptroller for review.

INTEREST RATE RISK POLICY. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” Risk booklet of the Comptroller’s 's Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s 's strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s 's performance and overall interest rate risk profile; (d) identification or employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC for review.

INTEREST RATE RISK POLICY. (1) Within sixty (60) daysdays of the Amendment , the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's ’s adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC Assistant Deputy Comptroller for reviewa prior written determination of no supervisory objection. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policy developed pursuant to this Article.

INTEREST RATE RISK POLICY. (1) Within sixty ninety (6090) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's ’s adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC Assistant Deputy Comptroller for review. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policy developed pursuant to this Article.

INTEREST RATE RISK POLICY. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written interest rate risk policy. In formulating this policy, the Board shall refer to the “Interest Rate Risk” booklet of the Comptroller’s Handbook. The policy shall provide for a coordinated interest rate risk strategy and, at a minimum, address: (a) the establishment of adequate management reports on which to base sound interest rate risk management decisions; (b) establishment and guidance of the Bank’s strategic direction and tolerance for tolerancefor interest rate risk; (c) implementation of effective tools to measure and monitor the Bank’s performance and overall interest rate risk profile; (d) employment of competent personnel to manage interest rate risk; (e) prudent limits on the nature and amount of interest rate risk that can be taken; and, (f) periodic review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the ADC for review.