ALM Policy Update Details

Product Update Notification - 02/08/10

Asset, Liability and Liquidity Management Policy Update Details

What's Revised

Topic 2 - Policy Statement. The following subtopics were revised:

General - A new fourth paragraph, subsequent bullet points, and following paragraph were added.

Liquidity Terms and Definitions - Bullet point 1 was revised and a new bullet point 2G was added.

Program Overview - Entire contents.

Topic 3 - Risk Management. The following subtopics were revised:

Risk Mitigation - New bullet points 9 - 25 were added.

Liquidity Risk Limit Guidelines - Entire contents.

Internal Controls - Entire contents.

Topic 4 - Responsibility. The following subtopics were revised:

Senior Management - Entire contents.

Responsibilities of ALCO - The first paragraph was revised and a new second paragraph was added.

Topic 6 - Financial Performance Objectives and Reporting. The following subtopics were revised:

Measuring Liquidity - Entire contents.

Overview of Funding Assets - Three new paragraphs and related bullet points were added directly before the last paragraph.

Overview of Funding Liabilities - New second paragraph and related bullet points.

Borrowed Funds - Bullet points for Federal Home Loan Bank (FHLB) Advances, Repurchase Agreements (Repo), and Federal Reserve Bank Loans were revised.

Deposits, Core Deposits and Cash - Final two paragraphs were added, including a related note.

International Funding Sources - Entire contents.

Topic 7 - Liquidity Contingency Plan. The following subtopics were revised:

General - Entire contents.

Plan Overview and Considerations - Bullet point 2A - U and 12 were revised. New bullet point 19 and following paragraph were added.

Topic 9 - Interest Rate Risk Policy Reference. A new subtopic entitled "Interest Rate Risk Program Overview" as added. In addition, the "General" subtopic was completely revised and the "Interest Rate Risk Standard" subtopic was deleted.

Ordering Information

This product is available to purchase from Bankpolicies.com for:

$325.00 - List Price

- or -

$75.00* - Update Price

*Applies only to clients who have purchased the Asset, Liability and Liquidity Management Policy Template within the last three years including the following updates (if applicable):

Asset, Liability and Liquidity Management Policy Template Update - 06/22/09 - No Charge

Asset, Liability and Liquidity Management Policy Template Update - 05/04/09 - $25.00

Asset, Liability and Liquidity Management Policy Template Update - 09/16/08 - $50.00

Asset, Liability and Liquidity Management Policy Template Update - 09/11/07 - $100.00

If you have ordered this product after 01/08/10 you are eligible to receive the product update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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