the policies are seldom found in writing.

however, the policy although not expressed is given meaning and substance through practice and implementation.

becomes very essential that appropriate guidelines and standards should be established in as objective a manner as possible and expressed in clear and unmistakable terms.

any loan policy that may be formulated by a bank reflects but one phase of the over all policy program of the institution. Usually carried out by the president or senior loan and credit officer, depending in large measure upon the size of the bank and the staff available.