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e-CFR
Data is current as of April 9, 2008

Title 12:
Banks and Banking
PART 563—SAVINGS ASSOCIATIONS—OPERATIONS

Subpart F—Financial Management Policies

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§ 563.176   Interest-rate-risk-management
procedures.

Savings associations shall take the following actions:

(a) The board of directors or a committee thereof shall review the
savings association's interest-rate-risk exposure and devise a policy for
the savings association's management of that risk.

(b) The board of directors shall formerly adopt a policy for the
management of interest-rate risk. The management of the savings
association shall establish guidelines and procedures to ensure that the
board's policy is successfully implemented.

(c) The management of the savings association shall periodically report
to the board of directors regarding implementation of the savings
association's policy for interest-rate-risk management and shall make that
information available upon request to the Office.

(d) The savings association's board of directors shall review the
results of operations at least quarterly and shall make such adjustments
as it considers necessary and appropriate to the policy for
interest-rate-risk management, including adjustments to the authorized
acceptable level of interest-rate risk.

[54 FR 49552, Nov. 30, 1989, as amended at 58 FR 45813, Aug. 31, 1993;
59 FR 53571, Oct. 25, 1994]

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