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Informational Memorandum
Subject:FCA Examination Manual Update
Date of Memorandum:10/19/1999
Expiration Date:
Signed By:Smith, Roland
FCA Contact Person:Holland, Tom
Contact Phone:703-883-4484
List of Attachments:Section EM-425--Interest Rate Risk Measurement & Management


October 19, 1999

To: FCA Examination Manual Subscribers

From: Roland E. Smith, Director /s/
Office of Examination

Subject: FCA Examination Manual Update

Attached is a new FCA Examination Manual section entitled Interest Rate Risk Measurement and Management. This section constitutes the Agency's guidance for conducting examinations of the interest rate risk management and measurement practices of Farm Credit System (System) institutions. The guidance within this section is intended for examinations of System banks, direct lender associations and, as applicable, service corporations. It identifies interest rate risk management principles and practices intended to serve as the evaluative criteria for assigning the component rating for Sensitivity to Market Risk ("S" rating).


Under the Finance Module:

Remove existing section EM-425—Asset/Liability Management