Common use of NONACCRUAL LOANS Clause in Contracts

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-off all interest that has been accrued contrary to the requirements contained in the Instruction for Preparation of Consolidated (2) Within thirty (30) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty (60) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (1) above. (4) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (5) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-off all interest that has been accrued contrary to the requirements contained in the Instruction for Preparation of Consolidated Within sixty (2) Within thirty (3060) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Instructions for Preparation of Consolidated Reports of Condition and Income (“Call Report Instructions”); (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (2) Within sixty (60) days, the Board shall develop and implement a written policy governing the identification of and accounting treatment for nonaccrual loans. The policy shall address paragraph (1) above and shall be consistent with the accounting requirements contained in the Call Report Instructions. (3) Within sixty (60) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (1) above. (4) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (5) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-off all interest that has been accrued contrary to the requirements contained in the Instruction for Preparation of Consolidated Within ninety (2) Within thirty (3090) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (2) Within one hundred and twenty (120) days, the Board shall develop and implement a written policy governing the identification of and accounting treatment for nonaccrual loans. The policy shall address paragraph (1) above as well as the comments on page 9 of the most recent OCC report of examination (XXX) and shall be consistent with the accounting requirements contained in the Call Report Instructions. (3) Within sixty one hundred and fifty (60150) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (1) above. (4) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (5) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-off all interest that has been accrued contrary to the requirements contained in the Instruction for Preparation of ConsolidatedConsolidated Reports of Condition and Income ("Call Report Instructions") governing nonaccrual loans. Further, the bank shall immediately reverse or charge-off that portion of the remaining accrued interest on such loans that, when combined with principal, is not protected by sound collateral values (2) Within thirty (30) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty (60) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (1) above. (4) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (5) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-charge off all interest that has been accrued contrary to the requirements contained in the Instruction Instructions for Preparation of Consolidatedof (2) Within thirty (30) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty thirty (6030) days, the Board shall develop and implement a written policy governing the identification of and accounting treatment for nonaccrual loans. The policy shall address paragraph (1) above and shall be consistent with the accounting requirements contained in the Call Report Instructions. (4) Within thirty (30) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (1Paragraph ( 2 ) above. (45) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller ADC and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (5) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-charge off all interest that has been accrued contrary to the requirements contained in the Instruction Instructions for Preparation of ConsolidatedConsolidated Reports of Condition and Income (Call Report Instructions) governing nonaccrual loans. Further, the Bank shall immediately reverse or charge off that portion of the remaining accrued interest on such loans that, when combined with principal, is not protected by sound collateral values. This action should be taken on specifically directed credits identified in the ROE, on credits identified in specifically required xxxtfolio reviews, or credits identified in any internal or external loan review. (2) Within thirty sixty (3060) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall develop, adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and; (c) address any other nonaccrual issues presented in the ROE; and (d) require the monthly presentation prxxxntation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty (60) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (1) above. (4) Upon adoption, a copy of the these written policies and procedures shall be forwarded to incorporated into the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all Bank's lending policies and procedures developed pursuant to required under Article XIV of this ArticleAgreement. (54) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies program developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-charge off all interest that has been accrued contrary to the requirements contained in the Instruction Instructions for Preparation of Consolidatedof (2) Within thirty sixty (3060) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (ai) be consistent with the accounting requirements contained in the Call Report Instructions; (bii) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (ciii) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty (60) days, the Board shall develop and implement a written policy governing the identification of and accounting treatment for nonaccrual loans. The policy shall address paragraph (2) above and shall be consistent with the accounting requirements contained in the Call Report Instructions. (4) Within sixty (60) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (12) above. (45) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (56) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-charge off all interest that has been accrued contrary to the requirements contained in the Instruction Instructions for Preparation of Consolidatedof (2) Within thirty ninety (3090) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements for non-accrual loans contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty ninety (6090) days, the Board shall develop and implement a written policy governing the identification of and accounting treatment for nonaccrual loans. The policy shall address paragraph (2) above as well as the comments contained in the Report of Examination (XXX) dated August 6, 2003 and shall be consistent with the accounting requirements contained in the Call Report Instructions. (4) Within ninety (90) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (13) above. (45) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this ArticleComptroller. (56) The Board shall ensure that the Bank adheres to and has processes, personnel, and control systems to ensure implementation of and adherence to the policies and procedures developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-charge off all interest that has been accrued contrary to the requirements contained in the Instruction Instructions for Preparation of ConsolidatedConsolidated Reports of Condition and Income (“Call Report Instructions”) governing nonaccrual loans. Further, the Bank shall immediately reverse or charge off that portion of the remaining accrued interest on such loans that, when combined with principal, is not protected by sound collateral values. (2) Within thirty sixty (3060) days, but no later than days of the next call report filing on September 30, 2003, whichever date is earlierof this Agreement, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty (60) daysdays of the date of this Agreement, the Board shall develop and implement a written policy governing the identification of and accounting treatment for nonaccrual loans. The policy shall address paragraph (2) above as well as the comments in the 2010 ROE xxd shall be consistent with the accounting requirements contained in the Call Report Instructions. (4) Within sixty (60) days of the date of this Agreement, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (13) above. (45) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (56) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-charge off all interest that has been accrued contrary to the requirements contained in the Instruction Instructions for Preparation of Consolidatedof (2) Within thirty sixty (3060) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt revise, adopt, and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty (60) daysIn no event, shall the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by approve any exception to the policy adopted pursuant to paragraph (12) aboveof this Article that is inconsistent with the accounting requirements contained in the Call Report Instructions. (4) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Comptroller. (5) The Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (56) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies and procedures developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-charge off all interest that has been accrued contrary to the requirements contained in the Instruction Instructions for Preparation of ConsolidatedConsolidated interest on such loans that, when combined with principal, is not protected by sound collateral values. (2) Within thirty (30) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty thirty (6030) days, the Board shall develop and implement a written policy governing the identification of and accounting treatment for nonaccrual loans. The policy shall address paragraph (2) above as well as the comments on page 6 of the XXX and shall be consistent with the accounting requirements contained in the Call Report Instructions. (4) Within thirty (30) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (13) above. (45) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (56) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-charge off all interest that has been accrued contrary to the requirements contained in the Instruction Instructions for Preparation of Consolidatedof the remaining accrued interest on such loans that, when combined with principal, is not protected by sound collateral values. (2) Within thirty sixty (3060) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt adopt, implement, and implement thereafter ensure Bank adherence to written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty ninety (6090) days, the Board shall develop adopt, implement, and implement thereafter ensure Bank adherence to a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (12) above. (4) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this ArticleComptroller. (5) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-off all interest that has been accrued contrary to the requirements contained in the Instruction for Preparation of ConsolidatedConsolidated Reports of Condition and Income ("Call Report Instructions") governing nonaccrual loans. Further, the bank shall immediately reverse or charge-off that portion of the remaining accrued interest on such loans that, when combined with principal, is not protected by sound collateral values (2) Within thirty (30) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXXRXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty (60) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (1) above. (4) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (5) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-charge off all interest that has been accrued contrary to the requirements contained in the Instruction Instructions for Preparation of ConsolidatedConsolidated Reports of Condition and Income (Call Report Instructions) governing nonaccrual loans. Further, the Bank shall immediately reverse or charge off that portion of the remaining accrued interest on such loans that, when combined with principal, is not protected by sound collateral values. (2) Within thirty (30) days, but no later than the next call report filing on September 30, 2003, whichever date is earlier, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within thirty (30) days, the Board shall develop and implement a written policy governing the identification of and accounting treatment for nonaccrual loans. The policy shall address paragraph (2) above as well as the comments on page 7 of the XXX and shall be consistent with the accounting requirements contained in the Call Report Instructions. (4) Within sixty (60) days, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph paragraphs (12) and (3) above. (45) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (56) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.

NONACCRUAL LOANS. (1) The Bank shall immediately reverse or charge-charge off all interest that has been accrued contrary to the requirements contained in the Instruction Instructions for Preparation of ConsolidatedConsolidated Reports of Condition and Income (“Call Report Instructions”) governing nonaccrual loans. Further, the Bank shall immediately reverse or charge off that portion of the remaining accrued interest on such loans that, when combined with principal, is not protected by sound collateral values. (2) Within thirty sixty (3060) days, but no later than days of the next call report filing on September 30, 2003, whichever date is earlierof this Agreement, the Board shall adopt and implement written policies and procedures governing the supervision and control of nonaccrual loans. Such policies and procedures shall: (a) be consistent with the accounting requirements contained in the Call Report Instructions; (b) address the circumstances under which accrued interest due on a loan may be added to the outstanding principal amount when the loan is renewed or restructured; address the comments provided in the XXX, and (c) require the monthly presentation to the Board of all loans meeting any of the nonaccrual criteria. (3) Within sixty (60) daysdays of the date of this Agreement, the Board shall develop and implement a written policy governing the identification of and accounting treatment for nonaccrual loans. The policy shall address paragraph (2) above as well as the comments in the 2010 XXX and shall be consistent with the accounting requirements contained in the Call Report Instructions. (4) Within sixty (60) days of the date of this Agreement, the Board shall develop and implement a written policy that shall provide for auditing accrued interest on loans. The policy shall, at a minimum, provide for quarterly audits of loan accruals and incorporate procedures for periodically testing the Bank's identification of nonaccrual loans as governed by the policy adopted pursuant to paragraph (13) above. (45) Upon adoption, a copy of the written policies and procedures shall be forwarded to the Assistant Deputy Comptroller and the Board shall thereafter ensure Bank adherence to all policies and procedures developed pursuant to this Article. (56) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policies developed pursuant to this Article.