2017-08-01
The Board of Governors of the Federal Reserve System issued this joint letter from the Divisions of Supervision and Regulation and Consumer and Community Affairs to outline the Federal Reserve’s supervisory education programs. The document mandates that Reserve Bank supervisory staff complete foundational learning and participate in specific examiner commissioning or continuing professional development programs to ensure timely and topical supervisory knowledge. Oversight responsibilities are assigned to the Board’s divisions for monitoring program effectiveness and approving commissions, while Reserve Banks track learner performance and manage waiver requests.