Bank Analysis School Case Study

Board of Directors

Page4 June 8, 20 X 4

CONCLUSION

We believe the Bank's aggregate Interest Rate Risk to be moderate and stable based on our exam as of December 31, 20 X 3. We appreciate the cooperation and assistance of the Bank's management and employees during the above examination. This report is intended for the use of the Bank's Board of Directors, senior management, and regulatory agencies.

Respectfully yours,

Certified Public Accountants & Advisors