CMS Case Study

Investment/ALCO Committee Meeting Minutes 02/17/2022

realistic assumption. The committee discussed the functional cost element included in the calculation that accounts for operational drag and seems to result in too much of a penalty. For comparison purposes, the Committee requested that Darling model an alternative scenario removing the functional cost element and use a more bank specific average life once results of the comprehensive Deposit Study are received. The Committee accepted the policy exceptions and

agreed that ongoing monitoring and discussion was necessary. As of quarter-end, the Bank’s Tier 1 Leverage Ratio was 9.39%. The ALCO committee adjourned at 9:50 am.