August 2

Interest Rate Risk and Investment Strategies for 2010

Financial regulators began 2010 with a simple message: rates are at record lows, and you need to understand your Interest Rate Risk so changes can be made before it’s too late. The FFIEC released an advisory in January entitled “Interest Rate Risk: A Regulatory Priority for 2010.”  This document emphasized the importance of sound risk management systems and served as a warning that banks with excessive IRR may have to increase capital, mitigate risk, or both. This seminar will focus on what bankers need to do now to prepare for the next rate cycle including specific investment strategies that can be employed to improve margin and mitigate unnecessary IRR before it’s too late. Bank managers should come away with sound ideas for using the bond portfolio as a tool to manage liquidity, cash flows, and interest rate risk. Attendees will gain insight into the current market environment and the remarkable changes that the banking industry continues to experience.

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Who Should Attend

Financial institution’s CEO, CFO, Investment Officer, Board member, or any person directly or indirectly responsible for financial management functions.

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Seminar Information

This will be a group live seminar in which attendance is limited to provide as much one-on-one and “Q&A” time as needed. The level of learning for this seminar is intermediate to advanced. Basic knowledge of finance and banking is recommended. There is no cost for this seminar; therefore, there are no refund or cancellation policies. We would, however, like to know of any suggestions or complaints you might have concerning our seminars. Your comments should be addressed to Skoshi Heron at 1.888.990.0010.

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CPE Credits

The Baker Group is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Comments regarding registered sponsors may be addressed to National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Website: www.nasba.org

Three hours of CPE credits will be earned for attendance.

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Seminar Schedule

8:00 9:00 Noon 1:00 5:30

a.m.  a.m.    p.m.  p.m.

Continental Breakfast Seminar Lunch Golf – Illini Country Club Golf Awards and Cocktails

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Speakers

Bob McTeer is a Distinguished Fellow at the National Center for Policy Analysis (NCPA), covering macro-economic issues, including monetary policy, fiscal policy, tax and education policy. NCPA is a nonprofit, nonpartisan market-oriented public policy institute headquartered in Dallas, Texas, with offices in Washington, D.C.

Before joining the NCPA in 2007, Bob was Chancellor of the Texas A&M University System from 2004 through 2006. Before becoming Chancellor of the Texas A&M University System, Bob had a 36-year career with the Federal Reserve System, including 14 years as President of the Federal Reserve Bank of Dallas and member of the Federal Open Market Committee (FOMC).

Bob got his B.B.A. and Ph.D. in economics from the University of Georgia and taught there for two years before joining the Fed in 1968. His graduate education was financed by a National Defense Education Act (NDEA) fellowship. He holds an honorary doctorate in the Humane Letters from Austin College.

Ryan W. Hayhurst joined The Baker Group in 1991 as an intern while attending the University of Oklahoma and is now an Associate Partner and Manager of the Financial Strategies Group. Ryan develops Investment and Asset/Liability Management strategies designed for the specific needs of community banks. He is integrally involved in the development of several software systems by The Baker Group Software Solutions Inc. to help banks with Interest Rate Risk Management, Fixed Income Analytics, Investment Portfolio Accounting, and Bank Budgeting and Planning. Ryan speaks nationally at banking conventions and events and he serves on the faculty of several community banking schools. Ryan regularly develops and presents regional as well as online seminars with a focus on investment and asset/liability education and he presents to community bank Investment, ALCO, and Board Meetings.

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Location Springfield, Illinois Illini Country Club    1601 Illini Road    Springfield, IL 62704    217.546.2830 Golf Illini Country Club

Seminar Topics

Current Economic Conditions and Fed Policy Outlook Pre-Exam Interest Rate Risk Checklist How To Effectively Reduce Extension Risk in The Bond Portfolio Building A Modified Cashflow Barbell To Prepare For The Next Rate Cycle Managing Cash Flows and Options Risk in the Investment Portfolio How To Analyze Your Municipal Bond Credits Managing MBS Cashflow Volatility With Loan Attributes