New methods for savings and loans to hedge interest rate risk
Abstract: Increased interest rate volatility in recent years has led to a greater volatility in profits at savings and loan associations. To help stabilize their profits, some S&L's are implementing interest rate hedging programs. These programs use financial instruments such as interest rate swaps, financial futures and options on financial futures. Because hedging programs introduce their own risks, S&L's should thoroughly examine all aspects of the programs before employing them.
File(s): File format is application/pdf http://www.kansascityfed.org/PUBLICAT/ECONREV/EconRevArchive/1988/1q88morr.pdf
Provider: Federal Reserve Bank of Kansas City
Part of Series: Economic Review
Publication Date: 1988