Oklahoma Administrative Code
Title 85 - State Banking Department
Chapter 10 - Supervision, Regulation, and Administration of Banks, Trust Companies, and the Oklahoma Banking Code
Subchapter 11 - Substantive Guidelines and Restrictions
Section 85:10-11-8 - Interest rate futures transactions

(a) The provisions of this Section are made applicable to trust companies in the same manner as to banks and each reference to "bank" or "banks" shall include "trust company" or "trust companies" as if so worded.

(b) Oklahoma state-chartered banks engaging in interest rate futures transactions shall comply with any rules adopted by the federal bank regulatory agencies..

(c) Each bank's board of directors shall have ultimate responsibility to establish prudent policies and carefully monitor compliance with any applicable rules. Such monitoring should be evidenced in the minutes of each meeting of the board of directors.