NCUA References
| Letter to Credit Unions 12-CU-11, Interest Rate Risk Policy and Program Frequently Asked Questions | Addresses questions regarding the IRR rule and the appendix to the rule. |
| Letter to Credit Unions 12-CU-05, Interest Rate Risk Policy and Program Requirements | Discusses the implementation of the IRR Rule and the appendix to the rule that includes comprehensive guidance. Also provides the exam questionnaire associated with the appendix to the rule. |
| Supervisory Letter 04-02, |
Describes the NCUA regulations and guidelines for credit unions that use derivatives to manage risk, and establishes a consistent framework for exam staff to examine and supervise derivative programs. |
| Letter to Credit Unions 10-CU-06, Interagency Advisory on Interest Rate Risk Management | Includes FFIEC IRR Advisory that reminds institutions of supervisory expectations for sound practices to manage IRR. |
| Letter to Credit Unions 10-CU-03, Concentration Risk | Discusses the evaluation of concentration risk as it relates to the credit union's current balance sheet, how strategic plans may affect the level of concentration risk, and to ensure risk management practices are commensurate with the level of risk. |
| Letter to Credit Unions 03-CU-15, Real Estate Concentrations and Interest Rate Risk Management for Credit Unions with Large Positions in Fixed Rate Mortgages | Reemphasizes the importance of properly monitoring and managing an increasing portfolio of fixed-rate mortgage products. |
| Letter to Credit Unions 03-CU-11, Non-Maturity Shares and Balance Sheet Risk | Provides guidance on sound practices for evaluating behavior of non-maturity shares in the context of managing risk. |
| Letter to Credit Unions 02-FCU-09, Risk-Focused Examination Program | Introduces the risk-focused examination program and the seven risk areas. |
| Letter to Credit Unions 01-CU-19, Managing Share Inflows in Uncertain Times | Discusses the importance of exercising diligent management practices while analyzing available options and objectives resulting from an inflow of funds (issued as a result of share inflow credit unions experienced after 9/11 terrorist attacks). |
| 01-CU-08, Liability Management - Highly Rate-Sensitive & Volatile Funding Sources | Emphasizes the importance of managing risk within a total balance sheet perspective, while focusing on the funding side of ALM. |
| 99-CU-12, Real Estate Lending and Balance Sheet Risk Management | Emphasizes the importance of IRR management, while focusing on mortgage-related assets. |
| NCUA Letter to Credit Unions 00-CU-10, Asset Liability Management Examination Procedures | Provides guidance on asset liability management (ALM). |
| NCUA IRPS 98-2, Investment Securities and End-User Derivatives (April 1998) | Supervisory Policy Statement on Investment Securities and End-User Derivatives Activities. |
| NCUA regulation ยง 741.3, Criteria | IRR rule |
| NCUA regulations Part 741, Appendix A, Guidance for an Interest Rate Risk Policy and an Effective Program | Provides guidance for IRR policy and programs. |
External and Interagency References
- FFIEC Interagency Advisory on Interest Rate Risk Management
- FFIEC Interagency Advisory on Interest Rate Risk Management -Frequently Asked Questions (January 12, 2010)
- FRB and OCC (SR Letter 11-7) Supervisory Guidance on Model Risk Management
- FDIC Risk Management Manual of Examination - Sensitivity to Market Risk
- OCC Comptroller's Handbook - Interest Rate Risk
- FRB Commercial Bank Examination Manual
- Bank for International Settlements: Basel Committee on Banking Supervision, Interest rate risk in the banking book
- Bank for International Settlements: Basel Committee on Banking Supervision, Principles for the Management and Supervision of Interest Rate Risk
Last updated October 11, 2016
