12 C.F.R. Subpart G—Risk Assessment and Management
Title 12 - Banks and Banking
Source: 63 FR 39225, July 22, 1998, unless otherwise noted.
The board of directors of each Farm Credit Bank, bank for cooperatives, and agricultural credit bank shall develop and implement an interest rate risk management program tailored to the needs of the institution and consistent with the requirements set forth in §615.5135 of this part. The program shall establish a risk management process that effectively identifies, measures, monitors, and controls interest rate risk. (a) The board of directors of each Farm Credit Bank, bank for cooperatives, and agricultural credit bank is responsible for providing effective oversight to the interest rate risk management program and must be knowledgeable of the nature and level of interest rate risk taken by the institution. (b) Senior management is responsible for ensuring that interest rate risk is properly managed on both a long-range and a day-to-day basis. Any association or other Farm Credit System institution other than banks, excluding the Federal Agricultural Mortgage Corporation, with interest rate risk that could lead to significant declines in net income or in the market value of capital shall comply with the requirements of §§615.5180 and 615.5181. The interest rate risk management program required under §615.5181 shall be commensurate with the level of interest rate risk of the institution.
Title 12: Banks and Banking
PART 615—FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS
Subpart G—Risk Assessment and Management
§ 615.5180 Interest rate risk management by banks—general.
§ 615.5181 Bank interest rate risk management program.
§ 615.5182 Interest rate risk management by associations and other Farm Credit System institutions other than banks.
