Instructors from several Feds may share teaching responsibilities for some of the schools, also. Kinney Misterek, an assistant vice president in banking supervision at the Minneapolis Fed, teaches Introduction to Examinations, the first school an examiner attends, and Capital Markets, generally attended by more experienced examiners. Instructors are nominated by their Reserve bank. They need be competent in the subject they will teach and complete an instructor training course. Instructors also observe and teach portions of the class before assuming a major teaching role.
Training also occurs at the local level.
In addition to the standard training classes offered Systemwide, each Fed supplements examiner training with its own courses and seminars. The Minneapolis Fed sends new examiners to a commercial bank for a week to become more familiar with teller and other internal operations. These commercial bank experiences generally occur after an examiner has participated in a few field examinations, in order for them to get the most out of the experience, Nowak adds. Seidel says his staff benefits, too, from having an examiner on hand who is in essence performing a mock examination. It makes for a much smoother exam.