Chartered Financial AnalystTM

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Chartered Financial AnalystTM
The Symbol of Integrity and Professional
Excellence
2
The CFA Program was essential to my preparation
for a career in the financial markets.
Abby Joseph Cohen, CFA Managing Director Goldman,
Sachs Co. New York, NY, USA
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CFA Charter Requirements

• Pass Level I, II, and III exams
• Have 3 years of professional experience
• Provide professional references
• Apply for membership in AIMR and a local society
  (Indianapolis, Chicago, etc.)
• Submit a personal conduct statement

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What Is The CFA Program?

• A rigorous self-study program for investment
  professionals.
• Three levels of curriculum and examinations
  offered annually.
• Practical, relevant education leading to a
  globally recognized professional designation.

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Benefits of The CFA Program

• Knowledge across core areas of the investment
  industry.
• Respect and credibility in the global investment
  community.
• Career opportunity in a competitive environment.

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BENEFITS of the CFA ProgramRespect Credibility
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BENEFITS of the CFA ProgramCareer Opportunity
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BENEFITS of the CFA ProgramCareer Opportunity
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GLOBAL ACCEPTANCE of the CFA CharterGrowing
Numbers
.
CFA Program Enrollments
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The CFA Course of StudyCFA Body of KnowledgeTM
.

• Ethical Professional
• Standards
• Quantitative Methods
• Economics
• Financial Statement Analysis
• Corporate Finance
• Analysis of Debt Investments

• Analysis of Equity Investments
• Analysis of Derivatives
• Analysis of Alternative
• Investments
• Portfolio Management
• Performance Measurement
• Portfolio Attribution Analysis

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The CFA Course of StudyThree Levels Subject
Areas
.

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Preparation for the CFA Exams

• Flexible, self-study program to meet the
  challenging topics covered.
• Comprehensive readings and applied study
  materials are keyed by clear learning outcome
  statements.

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The CFA Exams2001 CFA Exam Format
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The CFA ExamsParticipation Pass Rates
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REGISTERING for the CFA Program Indianapolis
Society of Financial Analysts Scholarship Program
.
Registration Fee to Enter CFA Program Enrollment
Fee for Level I Examination Study Materials for
Level I Study Guide AIMR Publications Primary
Textbooks Total Study Materials 50 Reimbursement
by ISFA Total Study Materials Cost Total Cost
for Level I
Waived 100 Free 60 540 600
-300 300 400
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REGISTERING for the CFA ProgramDeadlines
Scholarship Applicants
.
November 9, 2001 Applications due to Sue
Lasater November 22, 2001 - Scholarships
awarded January 15, 2002 - CFA applications due
to Sue Lasater
Regular Registrations
Fee Schedule changes for regular registrations
enrollments August 31, 2001 December 3,
2001 October 15, 2001 February 1, 2002 March
1, 2002 Final Deadline All forms received by
AIMR
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REGISTERING for the CFA ProgramContacting AIMR
Information Central Website
.
AIMR 560 Ray C. Hunt Dr., P. O. Box
3668 Charlottesville, VA 22903-0668 USA Telephone
[phone] [phone] Fax (804)
951-5262 E-mail info_at_aimr.org
www.aimr.org
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What is the Federal Home Loan Bank of
Indianapolis?

• Twelve Federal Home Loan Banks (FHLBs) were
  created in 1932.
• The FHLB is a Government Sponsored Enterprise
  (GSE) that provides financial institutions with
  credit and correspondent banking products and
  services.
• The 475 billion FHLB system is the second
  largest issuer of debt behind the Treasury.
• Each FHLB is owned and controlled by member
  financial institutions in their respective
  districts.
• The FHLB-Indianapolis is a 35 billion asset
  controlled by financial institutions in Indiana
  and Michigan.
• The FHLB-Indianapolis currently has 26 billion
  in credit extended, 8 billion in securities, and
  32 billion notional in interest rate derivatives.

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Scope of FHLB Credit Products

• Overnight to 20 years lending
• Fixed or floating rate terms
• Amortizing or bullet structure
• Special features such as embedded options
• Interest rate derivatives (swaps, caps, and
  floors)

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FHLB-I Lending
in billions
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FDIC Insured Deposits vs. Mutual Fund Assets
in billions
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Deposits Wholesale Borrowing
in billions
As of 4th quarter 2000, 20 of FDIC assets were
funded with wholesale borrowings.
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Number of Commercial Banks
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Commercial Bank Mergers and New Charters
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Differentiation vs. Firm Profitability
Profitability
Mega-Banks
Community Banks
Degree of Differentiation