Directors' Resource Center
Technical Assistance Video Program
Evaluation of Municipal Securities
This series of videos on the evaluation of municipal securities was developed by FDIC staff and is designed for community bank management, particularly those involved in the supervision of the securities portfolio, including members of the investment and asset/liability management committees.
- Overview & Industry Trends
- Investment Policies & Procedures
- Basic Analysis
- Expanded Analysis
- Review & Additional Resources
Approximate run time: 12:15
II. Investment Policies & ProceduresThe second video in this series discusses the importance of investment policies and procedures as well as regulatory expectations related to municipal security investments. This video also outlines an appropriate independent review program for a bank’s investment activities.
Approximate run time: 07:27
Approximate run time: 17.16
IV. Expanded AnalysisThe fourth video in this series discusses an expanded pre-purchase credit analysis and ongoing credit monitoring framework for municipal bonds, including economic conditions, financial conditions, fiscal responsibility, and rating agency reports. The expanded analysis process should be used to evaluate any bonds with complex or unique features or higher risk characteristics to ensure the bond meets the bank’s creditworthiness standards. This video also provides a list of resources to assist in the overall risk management process.
Approximate run time: 12:42
V. Review & Additional ResourcesThe final video in this series provides a general overview of the preceding presentations, supervisory expectations, and outstanding regulatory guidance. This video also includes a list of resources.
Approximate run time: 05:42