![]() |
Code of Federal Regulations (Last Updated: July 5, 2024) |
![]() |
Title 12 - Banks and Banking |
![]() |
Chapter VI - Farm Credit Administration |
![]() |
SubChapter B - Farm Credit System |
![]() |
Part 615 - Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations |
![]() |
Subpart G - Risk Assessment and Management |
§ 615.5181 - Bank interest rate risk management program.
Latest version.
-
(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.
Effective Date Note: At 77 FR 66375, Nov. 5, 2012, § 615.5181 was removed, effective 30 days after publication in the
Federal Register during which either or both Houses of Congress are in session.