The FDIC today released updated videos to help bank directors, management and staff better understand and manage interest rate risk. Topics covered by the videos include current industry trends, responsibilities of the bank’s board and management team, types of interest rate risk, different risk measurement systems, key modeling assumptions, internal controls and independent review.
Personal income increased 0.5% in March
Personal income rose 0.5% or $116.8 billion in March, the Commerce Department said. The personal savings rate was 3.9%.