2016 Vol. 100 No. 8

23 HќќѠіђџȱ юћјђџ ѢєѢѠѡȱ2016 яќѢѡȱѡѕђȱ Ѣѡѕќџ ˜‹Ž›ȱ ǯȱ ’Œ‘˜•œȱ’œȱ™›Žœ’Ž—ȱŠ—ȱŒ‘’ŽȱŽ¡ŽŒž’ŸŽȱ˜ĜŒŽ›ȱ˜ȱ ‘ŽȱAmerican Bankers Associationǯȱ Žȱ“˜’—Žȱ‘Žȱ ȱ’—ȱ ŘŖŗśǰȱ˜••˜ ’—ȱŗŖȱ¢ŽŠ›œȱ˜ȱœŽ›Ÿ’ŒŽȱŠœȱ™›Žœ’Ž—ȱŠ—ȱ ȱ˜ȱ ‘Žȱ ’—Š—Œ’Š•ȱ Ž›Ÿ’ŒŽœȱ ˜›ž–ǰȱŠȱ—˜—Ȭ™Š›’œŠ—ȱꗊ—Œ’Š•ȱŠ—ȱ ŽŒ˜—˜–’Œȱ™˜•’Œ¢ȱ˜›Š—’£Š’˜—ǯȱ ›’˜›ȱ˜ȱ“˜’—’—ȱ‘Žȱ ˜›ž–ǰȱ ’Œ‘˜•œȱ ŠœȱŠœœ’œŠ—ȱœŽŒ›ŽŠ›¢ȱ˜ȱ‘Žȱ ›ŽŠœž›¢ȱ˜›ȱ ž‹•’Œȱ 슒›œǰȱŠȱ™˜œ’’˜—ȱ›Žšž’›’—ȱŒ˜—ę›–Š’˜—ȱ‹¢ȱ‘Žȱ ǯ ǯȱ Ž—ŠŽǰȱ Š—ȱ‘ŽȱŠ•œ˜ȱ˜ŸŽ›œŠ ȱ‘Žȱ ĜŒŽȱ˜ȱ ž‹•’Œȱ ’Š’œ˜—ǯȱ ’Œ‘˜•œȱ’œȱ Šȱ›ŽŒ’™’Ž—ȱ˜ȱ‘Žȱ •Ž¡Š—Ž›ȱ Š–’•˜—ȱ Š›ǰȱ‘Žȱ‘’‘Žœȱ ‘˜—˜›ȱ˜ȱ‘Žȱ ǯ ǯȱ Ž™Š›–Ž—ȱ˜ȱ‘Žȱ ›ŽŠœž›¢ǯȱ ›ŽŸ’˜žœ•¢ȱ ’Œ‘˜•œȂȱŒŠ›ŽŽ›ȱ‘’‘•’‘œȱ ’—Œ•žŽȱœŽ›Ÿ’ŒŽȱŠœȱŒ˜––ž—’ŒŠ’˜—œȱ’›ŽŒ˜›ȱ˜›ȱ‘Žȱ •ŽŒ›˜—’Œȱ —žœ›’Žœȱ ••’Š—ŒŽDzȱ ŠœȱŠȱœŽ—’˜›ȱŠ’Žȱ˜—ȱ Š™’˜•ȱ ’••ǰȱ ‘Ž›Žȱ‘Žȱ ŠœȱŒ˜––ž—’ŒŠ’˜—œȱ’›ŽŒ˜›ȱ˜ȱ ǯ ǯȱ Ž—ǯȱ •ŠŽȱ ˜›˜—ȱŠ—ȱ™›ŽœœȱœŽŒ›ŽŠ›¢ȱ˜ȱ‘Žȱ•ŠŽȱ ˜—›Žœœ ˜–Š—ȱ Ž——’Ž›ȱ ž——DzȱŠ—ȱ’—ȱ ‘Žȱ Žœȱ ’—ȱŠœȱŠ—ȱŠ’Žȱ’—ȱ‘Žȱ ĜŒŽȱ˜ȱ‘Žȱ ‘’Žȱ˜ȱ Šěȱ’—ȱ‘Žȱ Ž˜›Žȱ ǯ ǯȱ žœ‘ȱ Š–’—’œ›Š’˜—ǯȱ ’Œ‘˜•œȱœŽ›ŸŽœȱŠœȱŠȱ–Ž–‹Ž›ȱ˜ȱ‘Žȱ‹˜Š›ȱ˜ȱ›žœŽŽœȱ˜ȱ‘Žȱ Š’˜—Š•ȱ ›Žœ‹¢Ž›’Š—ȱ Œ‘˜˜•ȱŠ—ȱŠœȱŸ’ŒŽȱŒ‘Š’›ȱ˜ȱ‘Žȱ‹˜Š›ȱ˜ȱ’›ŽŒ˜›œȱ˜ȱ ˜˜ȱ ••Ž›¢ȱ ŽȬ œŽŠ›Œ‘ȱǭȱ žŒŠ’˜—ȱǻ Ǽǯȱ Žȱ’œȱŠȱ›ŠžŠŽȱ˜ȱ ‘Žȱ Ž˜›Žȱ Šœ‘’—˜—ȱ —’ŸŽ›œ’¢ǯȱ ‘ŽȱŠž‘˜›ȱŒŠ—ȱ‹Žȱ›ŽŠŒ‘ŽȱŠDZȱ—’Œ‘˜•œȓŠ‹ŠǯŒ˜–ǯ Šȱȃ™˜ Ž›ȱ™•Š¢Ž›ǯȄȱ ȱ¢˜žȱ‘ŠŸŽȱ—˜ǰȱ ‹žȱ Š—ȱ˜ȱ•ŽŠ›—ȱ–˜›ŽǰȱŸ’œ’ȱŠ‹ŠǯŒ˜–Ȧ ˜ Ž› ™ǯǼ ȱ —ȱ ŽȱŠ›ŽȱŠ›Žœœ’ŸŽ•¢ȱ Œ‘Š••Ž—’—ȱŒŠœŽœȱ˜ȱ›Žž•Š˜›¢ȱ ˜ŸŽ››ŽŠŒ‘ǰȱœžŒ‘ȱŠœȱ‘Žȱ Š’˜—Š•ȱ ›Ž’ȱ —’˜—ȱ –’—’œ›Š’˜—Ȃœȱ Ž›Ž’˜žœȱ–Ž–‹Ž›ȱ‹žœ’—Žœœȱ•Ž—’—ȱ ›ž•ŽȱŠ™™›˜ŸŽȱŽŠ›•’Ž›ȱ‘’œȱ¢ŽŠ›ǰȱ ‘’Œ‘ȱ Žȱ‹Ž•’ŽŸŽȱŒ˜—›Š’Œœȱ‘Žȱ •Š ǰȱŠ—ȱ‘Žȱ ˜—œž–Ž›ȱ ’—Š—Œ’Š•ȱ ›˜ŽŒ’˜—ȱ ž›ŽŠžȂœȱ™›˜™˜œŽȱ ›ž•Žȱ˜—ȱŠ›‹’›Š’˜—ǰȱ ‘’Œ‘ȱ ˜ž•ȱ ›Š–Š’ŒŠ••¢ȱ•’–’ȱ‘ŽȱžœŽȱ˜ȱ Š›‹’›Š’˜—ȱŠ›ŽŽ–Ž—œǰȱŽŸŽ—ȱ‘˜ž‘ȱ ŠŠȱœ‘˜ ȱ‘Ž¢ȱœŽ›ŸŽȱŒ˜—œž–Ž›œȱ ‹ŽĴŽ›ȱ‘Š—ȱŒ•ŠœœȱŠŒ’˜—ȱ•Š œž’œǯ ȱ ‘ŽȱŽŽ‹ŠŒ”ȱ ȂŸŽȱ›ŽŒŽ’ŸŽȱ Š•œ˜ȱ–Š”ŽœȱŒ•ŽŠ›ȱ‘Šȱ Žȱ–žœȱ‹Žȱ ™›˜ŠŒ’ŸŽȱ’—ȱŠ›Žœœ’—ȱ‹›˜Šȱ›Ž—œȱ ‘ŠȱŠ›Žȱ›Žœ‘Š™’—ȱ‹Š—”’—ǯȱ ‘Šȱ’œȱ ‘¢ȱ ˜ȱœŠěȱŠœ”ȱ˜›ŒŽœȱŠȱ‘Žȱ ȱ ‘ŠŸŽȱ‹ŽŽ—ȱœž¢’—ȱ‘ŽȱŒ‘Š••Ž—Žœȱ Š—ȱ˜™™˜›ž—’’Žœȱ™˜œŽȱ‹¢ȱ‘Žȱ ꗝŽŒ‘ȱ›ŽŸ˜•ž’˜—ȱŠ—ȱ–Šœœ’ŸŽȱ Ž–˜›Š™‘’Œȱœ‘’œǯȱ ‘Žȱ›˜ž™œȱ ’••ȱ‹Žȱ›ŽŒ˜––Ž—’—ȱ—Ž ȱ Š¢œȱ ‘Šȱ‘Žȱ ȱŒŠ—ȱœŽ›ŸŽȱ‘Žȱ’—žœ›¢ǰȱ ’‘ȱŠȱœ‘Š›™ȱ˜Œžœȱ˜—ȱ‘˜ ȱ ŽȱŒŠ—ȱ ASSET/LIABILITY MODELING | ASSET/LIABILITY VALIDATION | ASSET/LIABILITY CONSULTING INTEREST RATE RISK? Where’s the risk in your Risk Management process? Your financial institution’s interest rate risk model is key to navigating a changing interest rate environment. But how good is the information you use to make decisions? Let our Institutional Advisors conduct a thorough analysis of your internal interest rate risk management process. We’ll not only review compliance with federal regulations, we’ll also make sure your model is a reliable tool for identifying risk and evaluating strategic alternatives. You can count on us to provide a comprehensive validation of your institution’s asset/liability model. Please note our name has changed. BOSC, Inc. is now BOK Financial Institutional Advisors. Securities, insurance and advisory services offered by BOK Financial Securities, Inc., member FINRA/SIPC and a subsidiary of BOK Financial Corporation. Some services offered through our affiliate, Institutional Investments, Bank of Oklahoma which operates as a separately identifiable trading department of BOKF, NA. NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE 866.440.6515 | www.bokfinancial.com/assetliability ‘Ž•™ȱŒ˜––ž—’¢ȱ‹Š—”œǯȱ ˜›Žȱ˜—ȱ ‘Šȱ˜ȱŒ˜–Žǰȱ‹žȱ’—ȱ‘Žȱ–ŽŠ—’–Žȱ ›ŽœȱŠœœž›Žȱ‘ŠǰȱŒ˜—›Š›¢ȱ˜ȱ–Š—¢ȱ ‘ŽŠ•’—Žœǰȱ–’••Ž——’Š•œȱŠ›Žȱ—˜ȱ ’œŽ—Œ‘Š—Žȱ ’‘ȱ‹Š—”œǰȱŠ—ȱ‘Šȱ ˜™™˜›ž—’’Žœȱ˜›ȱ™Š›—Ž›’—ȱ ’‘ȱ —˜—‹Š—”ȱꗝŽŒ‘ȱŒ˜–™Š—’ŽœȱŠ‹˜ž—ǯ ȱ ‘ŽœŽȱŠ›Žȱ“žœȱŠȱŽ ȱ Š¢œȱ‘Žȱ ǰȱ ˜›”’—ȱŒ•˜œŽ•¢ȱ ’‘ȱœŠŽȱ‹Š—”Ž›œȱ Šœœ˜Œ’Š’˜—ǰȱ’œȱœ›’Ÿ’—ȱ˜ȱ‹ž’•ȱŠȱ–˜›Žȱ œŽŒž›ŽȱŠ—ȱŒ˜–™Ž’’ŸŽȱžž›Žȱ˜›ȱ ¢˜ž›ȱ‹Š—”ǯȱ ‘ŽœŽȱŽě˜›œȱŠ›Žȱ‹ž’•ȱ˜—ȱ ‹Š—”Ž›ȱŽŽ‹ŠŒ”ǰȱŠ—ȱ ȱ‘˜™Žȱ¢˜žȂ••ȱ ”ŽŽ™ȱ‘ŠȱŒ˜–’—ǯȱȱ

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