MANAGE YOUR BANK, NOT YOUR MODEL Take our Interest Rate Risk Policy survey "Your model's gap report doesn't match my call report" Three reasons why your model is "wrong" Don't be lulled into thinking that dramatic shifts only happen on the short end of the curve New Year, same debate about fair value Projected Fed Funds forecast (looks like my guess is as good as anybody's) Passing the torch Deposit pricing not impacted as much as banker's would like