EFSBS Sponsors Top Quality, Cost-Efficient CSBS Examiner Training

The Education Foundation of State Bank Supervisors sponsors professional training programs specially designed by and for state banking department examiners and senior staff. These hands-on programs are offered throughout the year by CSBS at convenient locations across the country to insure affordable training is available when your state banking department needs it.

EFSBS Support for CSBS Training Meets Key Bank Departments Needs

EFSBS sponsors schools for state banking department personnel for three specific reasons:

1. Reliability - States need a reliable source of top-quality cost-efficient training. Federal agency schools, the only other significant training source, are unable to meet the acute demand for training from state banking departments. Historically, states request many more training positions than the federal agencies provide. In addition, federal agencies in the past have preempted state training reservations often with little or no warning due to high internal needs. EFSBS always provides unlimited training opportunities.

2. Quality Control - States need training that meets state needs and addresses state differences. Federal schools meet federal needs, deal exclusively with federal banking laws, and often do not match the unique needs of state bank examiners. EFSBS schools are structured by and for state personnel who understand the difference in state laws, regulations and report formats.

3. Cost - The cost to states to develop, staff and conduct a broad range of comprehensive departmental training programs that would be available on a fluctuating need basis is prohibitive. EFSBS schools provide states with an affordable and broad selection of state oriented technical and specialty schools that are kept up-to-date and are available several times each year.

As a result of meeting these key needs, EFSBS schools are an important and irreplaceable source of technical training and specialty programs for state banking department personnel.

EFSBS Established to Insure Stable Funding for Training

Examiner training is too vital to be subject to budget restraints caused by economic cycles, which are often times when professional examiner training is needed most. And as the demand and costs spiraled, training soon represented the largest portion of the CSBS budget. Consequently budgets for training and the CSBS legislative and regulatory programs and services were squeezed. In recognition of these competing needs, the CSBS Bankers Advisory Board recommended and provided the seed money to establish the EFSBS for one compelling reason: To serve as a vehicle to provide a stable source of funding for top quality training regardless of the ups and downs of economic cycles, industry support, and the fluctuating needs of other CSBS programs.

How Does EFSBS Operate?

EFSBS is a classic self-help organization of, by, and for state banking departments. Policy and funding decisions are made by a Board of Trustees consisting of state bank supervisors and others interested in professional state banking departments and other interested parties. Then the EFSBS staff and a curricula committee consisting of senior state bank examiners and department executives develop, update, and maintain the training programs. Finally, specially trained examiners and bankers teach many of these courses.

This process keeps costs to a minimum and assures you that the training matches and is relevant to the needs of your state banking department.

Federal Agencies Endorse and Support EFSBS Schools

The Federal Deposit Insurance Corporation and Federal Reserve Board support EFSBS training opportunities by providing programs and speakers at many of our programs.

How is Examiner Training Funded by EFSBS?

Registration fees for EFSBS sponsored schools cover the direct costs of conducting the training. CSBS, and to a smaller degree, the initial earnings from the EFSBS Endowment Fund pay the overhead expenses of the Curricula Committee's work to develop and maintain training lesson plans; production of student materials; and board of trustee meetings. Every dollar contributed to EFSBS, a tax exempt, non profit, charitable organization is used exclusively by board direction and policy to underwrite the cost of training.

Why Does The Banking Industry Support EFSBS?

A well-trained state bank examining force is a prerequisite for a strong professional banking department and for a dynamic and profitable banking community as well. The advantages to the banking industry of having a professional banking department translate into effective and efficient examinations, and the ability of a state banking departments to support and accommodate expansion of new banking products and services appropriate for the state's economy. And history has shown that many examiners, because of their skill, have gone on to become part of today's banking leadership.