On October 9 professionals from RSM US published an article on Insurance Newsnet, titled BOLI, bonds and banks: Accounting for early surrender. Since the recent increases in interest rates, many banks have considered surrendering recently purchased (i.e., prior to the run up in interest rates) BOLI to reinvest the proceeds in new BOLI with a higher yield. Over the past year, several banks have reported such transactions in their quarterly earnings releases.