On Friday, February 1, 2010, the Federal Reserve Board announced a new website, www.bankdirectorsdesktop.org, designed to provide assistance primarily to community bank directors. The site contains three sections:
(1) on-line training with materials on regulatory structure, compliance, safety and soundness, and supervisory actions:
(2) Basics for Bank Directors, a 128 page handbook developed by the Federal Reserve Bank of Kansas City; and
(3) a collection of regulatory resources for directors.
Banks may want to inform their directors of this site and/or use it as a resource for director training. The site will also provide an excellent overview of the director function for new and prospective directors.
If you have any questions or require any additional information, please contact Rick Swafford, head of banking industry, at rswafford@rodefermoss.com, or 615-370-3663, or any other member of Rodefermoss & CO, LLC.
