TO THE OFFICER IN CHARGE OF SUPERVISION AT EACH FEDERAL RESERVE BANK SUBJECT: System Training Procedures Through SR Letter 91-1 (January 4, 1991), the System outlined a training program for every System examiner that would require mastery of a defined core curriculum and successful completion of a test based upon that curriculum. The program contemplated successful completion of seven System courses (Introduction to Examinations, Financial Institutions Analysis, Loan Analysis, Bank Management, Management Skills, Effective Writing, and Conducting Meetings with Management) and mastery of related laws and regulations. In addition, the staff member would be required to demonstrate proficiency in at least one specialty area.
Questions have arisen about the experience to date with
some of the core curriculum for the non-financial examination
specialties. Accordingly, this letter is intended to clarify the
content of the core curriculum and its resultant test.
A primary area of emphasis in the curriculum is the Loan
Analysis course. This course stresses credit review concepts
through extensive pre-course work (approximately 80 hours) and two
weeks of classroom instruction. The depth of the course goes
beyond the needs of specialty examiners. Moreover, the inclusion
of content unrelated to daily job responsibilities places the
specialty examiner at a comparative disadvantage when taking the
core proficiency examination.
In order to balance specialty area requirements more
equitably, the core curriculum for all System supervisory staff
members will no longer include the Loan Analysis course. However,
the course will be added as a requirement to the financial
examination specialties. Moreover, the Consumer Affairs/CRA
content of the core curriculum will be strengthened through four
additional consumer-related self-study guides and additional fair
lending and other consumer-related lectures in the Bank Management
course. Finally, the content of the core curriculum examination
will be modified to reflect the newly defined core curriculum.
The modified core curriculum is shown on the attachment.
The modified curriculum should provide a better reflection of the
body of knowledge that is valuable to all System staff members.
Director
ATTACHMENT TRANSMITTED ELECTRONICALLY BELOW
(Effective ___________________)
Courses:
Introduction to Examinations
Financial Institutions Analysis
Bank Management
Management Skills
Effective Writing
Conducting Meetings with Management
Self-Study Guides:
Federal Reserve Act
Regulation Y
Regulation O
Regulation L
Sections 23A & B
Bank Secrecy Act
Right to Financial Privacy Act
Change in Bank Control Act
Regulation A (Discount Window)
Regulations G, T, U & X
Regulation Z: Open End
Regulation Z: Closed End
Regulation B Regulation DD
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