ASSET/LIABILITY MANAGEMENT Sample Clauses

ASSET/LIABILITY MANAGEMENT. During the term of this Agreement, the Investment Manager shall provide asset-liability services with respect to the Investments designed to assist the Company in managing the relationship between its assets and liabilities. In connection therewith, the Investment Manager shall: a. measure, monitor and recommend strategies to manage interest-rate risk through strategies that fit within the Company's overall objectives described in the Investment Guidelines (defined below); and b. prepare and deliver such asset/liability reports, and responses to other reasonable requests for specific recommendations and input, as the Company or the Committee may reasonably request from time to time.

ASSET/LIABILITY MANAGEMENT. (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to an updated written liquidity, asset and liability management policy. In formulating this policy, the Board shall refer to the “Liquidity” booklet, L-L, of the Comptroller’s Handbook. The policy shall provide for a coordinated asset/liability management strategy and, at a minimum, address: (a) adequate management reports that enable the Board and management to monitor the Bank’s liquidity position and maintain liquidity at an adequate level; (b) the liquidity, maturity and pledging requirements of the investment portfolio; (c) development of a comprehensive liquidity contingency plan; (d) guidelines concerning the nature, extent, and purpose of the Bank’s use of brokered deposits consistent with the Bank’s overall funds management strategies; (e) the nature, extent and purpose of Bank borrowings; (f) limits on concentrations of funding sources; and (g) periodic review of the Bank’s adherence to the policy. (2) Upon adoption, a copy of the written policy shall be forwarded to the Assistant Deputy Comptroller for review. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the policy developed pursuant to this Article. (4) The Asset/Liability Management Committee of the Board shall review the Bank’s liquidity on a monthly basis. Such reviews shall consider: (a) a maturity schedule of certificates of deposit, including large uninsured deposits; (b) the volatility of demand deposits including escrow deposits; (c) the amount and type of loan commitments and standby letters of credit; (d) an analysis of the continuing availability and volatility of present funding sources; and (e) an analysis of the impact of decreased cash flow from the Bank’s loan portfolio resulting from delinquent and non-performing loans. (5) The Asset/Liability Management Committee of the Board shall provide the full Board with a written report of the results of the review required under subparagraph (4) of this Article on a monthly basis. (6) The Board shall take appropriate action to ensure adequate sources of liquidity in relation to the Bank’s needs. Monthly reports shall set forth liquidity requirements and sources and establish a contingency plan. Copies of these reports shall be forwarded to the Assistant Deputy Comptroller in the Bank’s quarterly report to the Assistant Deputy Comptroller.

ASSET/LIABILITY MANAGEMENT. (1) Within sixty (60) days of the date of this Agreement, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written, coordinated asset/liability management strategy. This strategy should: (a) provide for adequate management reports that enable the Board and management to monitor the Bank's liquidity position and maintain liquidity at an adequate level. These reports should: (i) include compliance with all policy limits; (ii) be presented to the Board monthly; (iii) include a prospective, rolling 30, 60, 90, 120, 150 and 180 days Sources and Uses Report that reflects anticipated shortfalls and probable funding sources; (iv) include a rollover risk analysis; (v) identify and quantify funding concentrations and collateral positions; and (vi) identify key, early warning indicators that would trigger a more in- depth analysis. (b) quantify growth plans; (c) identify and prioritize funding sources, including the use of brokered deposits; (d) establish limits for the amount of retail deposits, asset growth, and brokered deposits as a percent of total assets; (e) revise the Asset Liability Management policy to include: (i) guidance on monitoring and reporting the items in (a) through (d) of this Article; (ii) limits for rollover risk and collateral positions; and (iii) minimum net liquid assets to liabilities ratios. (f) review the current loan to deposit (LTD) ratio and determine if an adjustment is needed. Any adjustments to the LTD ratio should be included in the Asset Liability Management policy; (g) ensure Asset Liability Committee (ALCO) participation and concurrence for funding strategy changes; and (h) revise the Contingency Funding Plan (CFP) to: (i) identify liquidity crises that are relevant to current balance sheet composition and strategies; (ii) ensure crisis scenarios identify trigger points for actions that should be taken in advance of reaching the crisis; and (iii) include severity and duration components and the related impact on funds availability. (2) Upon adoption, a copy of the written strategy shall be forwarded to the Assistant Deputy Comptroller for review and prior written determination of no supervisory objection. Upon receiving a determination of no supervisory objection from the Assistant Deputy Comptroller, the Bank shall implement and adhere to the strategy. (3) Copies of the liquidity reports outlined in this Article shall be forwarded to the Assistant Deputy Comptroller in the Bank’s quarterly report. (4)...

ASSET/LIABILITY MANAGEMENT. (1) Within ninety (90) days of the date of this Agreement, the Board shall adopt and the Bank, subject to Board review and ongoing monitoring, shall implement and thereafter adhere to a revised asset liability management program that includes at a minimum: (a) controls to ensure the Board and management evaluate and quantitatively assess, prior to execution, how loan funding commitments will impact the Bank's interest rate risk exposure; (b) controls to ensure the Bank does not exceed Board approved risk limits when executing such commitments; (c) an interest rate risk reduction strategy that includes quantitative and qualitative objectives consistent with the Strategic Plan required to be developed under Article IV, assigned responsibilities and accountability, and regular progress reporting to the Board; and (d) standards for validating the Bank's interest rate risk model and model validation consistent with OCC Bulletin 2011-12, Sound Practices for Model Risk Management; Supervisory Guidance on Model Risk Management (April 4, 2011). (2) Upon adoption, the Board shall submit a copy of the revised asset liability management program to the Assistant Deputy Comptroller for review.

ASSET/LIABILITY MANAGEMENT. The Company will provide the Investment Asset Manager with a projection, based on prior trends, of the Company's anticipated liability cash outflows for subsequent years. The Investment Manager will manage asset purchases to provide adequate investment cash flow to meet those anticipated liability cash outflows net of operational cash inflows. The Investment Manager will also utilize the "target asset duration" as previously discussed in the fixed income portfolio section, to assist in managing the cash flow needs for covering the liabilities. An investment action that takes the asset duration beyond the established duration period will require the approval of the Committee. At least annually, the CFO will provide an analysis of asset/liability matching data to the Committee and Investment Managers. The results will be used to assist with the determination of appropriate durations for the future periods.

ASSET/LIABILITY MANAGEMENT. Within 60 days of this Agreement, the Bank shall submit to the Reserve Bank and the Division an acceptable written plan designed to improve compliance with the Bank's liquidity and sensitivity to market risk policies. The plan shall, at a minimum, address, consider, and include:

ASSET/LIABILITY MANAGEMENT. (1) Within thirty (30) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to written liquidity, interest rate risk, and asset and liability management policies that conform to regulatory guidance. In formulating these policies, the Board shall refer to the Liquidity and Funds Management booklet of the Comptroller's Handbook, issued February 2001. The policy shall provide for a coordinated asset/liability management strategy and, at a minimum, address: (a) duties and responsibilities of the Asset Liability Committee (ALCO); (b) adequate management reports that enable the Board and management to monitor the Bank's liquidity and interest rate risk positions and maintain both at adequate levels; (c) the liquidity, maturity and pledging requirements of the investment portfolio; (d) development of a liquidity contingency plan; (e) limits on concentrations of funding sources; and (f) periodic review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written policies shall be forwarded to the ADC for review. (3) 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.

ASSET/LIABILITY MANAGEMENT. Prepare quarterly interest rate risk reporting

ASSET/LIABILITY MANAGEMENT. (1) Within ninety (90) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset and liability management plan to reduce the Bank’s level of interest rate risk (IRR), as measured by the Bank’s market value of equity (MVE) model. The plan shall provide for a coordinated asset/liability management strategy and, at a minimum, address: (a) reduction of the Bank’s current IRR exposure, as measured by the percentage change in the Bank’s MVE given a 200 basis point increase in interest rates, from the current level of fifty-six (56)% to the Bank’s policy limit of (30)% by December 31, 2009; (b) quarterly reporting to the Board and the Bank’s Asset/ Liability Committee (ALCO) showing the actual level of IRR exposure compared to policy limits; (c) establishment of the bank’s strategic direction and tolerance for interest rate risk; (d) prudent limits on the Bank's investment in long-term investments and loans that are funded by shorter-term deposits and borrowings; (e) quarterly review of the Bank's adherence to the policy. (2) Upon adoption, a copy of the written plan shall be forwarded to the Assistant Deputy Comptroller for review.