29 unchanged sentences
The Bank runs a combination of scenarios and sensitivities in its attempt to capture the range of interest rate risk including the simulations mentioned above.
−Removed: As with any simulation model or other method of measuring interest rate risk, limitations are inherent in the process and dependent on assumptions.
+Added: As with any simulation model or other method of measuring interest rate risk, limitations are inherent in the process and results are dependent on assumptions.
For example, lower deposit growth than modeled may cause the Bank to increase its borrowing position, thereby increasing its liability sensitivity.
1 unchanged sentence
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 up 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
−Removed: and timing of prepayments on loans and investment securities could vary significantly from the assumptions applied in the various scenarios.
+Added: The above tables reflect deposit betas of up to 70%, averaging 43%, to rates paid on non-maturity interest-bearing deposits in rising rate scenarios.
+Added: Deposit betas of up to 60%, averaging 35%, are applied to rates paid on non-
+Added: maturity interest-bearing deposits in falling rate scenarios with a two month lag assumed.
+Added: However, deposit pricing is actively managed at the relationship level and closely monitored real-time to avoid unintended consequences.
+Added: The actual rates and timing of prepayments on loans and investment securities could vary significantly from the assumptions 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.