14 unchanged sentences
Governing policies are subject to review by regulators and are updated to incorporate their observations and adapt to changes in idiosyncratic and systemic risks.
−Removed: As of March 31, 2024, interest rate risk was within policy guidelines established by ALCO and the Board.
+Added: As of June 30, 2024,
+Added: interest rate risk was within policy guidelines established by ALCO and the Board.
One set of interest rates modeled and evaluated against flat interest rates and a static balance sheet is a series of immediate parallel shifts in the yield curve.
13 unchanged sentences
Important deposit modeling assumptions include the speed of deposit run-off and the amount by which interest-bearing deposit rates increase or decrease when market interest rates change, otherwise known as the deposit beta.
−Removed: The above tables reflect deposit betas of u p to 68%, averaging 40%, to rates paid on non-maturity interest-bearing deposits in rising rate scenarios and deposit betas of up to 60%, averaging 34%, to rates paid on non-maturity interest-bearing deposits in falling rate scenarios.
−Removed: The actual rates and timing of prepayments on loans and investment securities could vary significantly from the assumptions applied
−Removed: in the various scenarios.
+Added: The above tables reflect deposit betas of up to 68%, averaging 41%, to rates paid on non-maturity interest-bearing deposits in rising rate scenarios and deposit betas of up to 60%, averaging 34%, to rates paid on non-maturity interest-bearing deposits in falling rate scenarios.
+Added: The actual rates and timing of prepayments on loans and investment securities could vary significantly from the assu mptions applied in the various scenarios.
Lastly, uneven changes in different tenors of U.S.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.