| The FDIC, the Federal Reserve Board and the Office of
the Comptroller of the Currency have jointly issued a policy
statement providing bankers guidance on sound interest rate
risk management practices. The principles and practices
identified in this policy statement describe the standards
the agencies will use to evaluate the adequacy and effectiveness
of a bank's interest rate risk management and the adequacy
of its capital in light of its interest rate risk profile.
This policy statement is in addition to the action taken
by the agencies in August 1995 to implement the Federal
Deposit Insurance Corporation Improvement Act of 1991 Section
305 requirements for risk-based capital standards for interest
rate risk (FIL-54-95). This policy statement also replaces
the proposed policy statement that the agencies issued for
comment in August 1995 (FIL-55-95) regarding a supervisory
framework for measuring and assessing bank interest rate
risk.
This policy statement is effective June 26, 1996. For more
information, please contact one of the FDIC officials listed
on Page 33166 of the attached Federal Register notice.
|
Nicholas J. Ketcha Jr.
|
|
Director |
Attachment: PDF Format (102 kb, PDF help or hard copy), HTML
Format
Distribution: FDIC-Supervised Banks (Commercial and Savings)
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