Welcome to the Federal Reserve's free online training resource for bank directors.

• If you are a First-Time User, please read How to Use this Course.
• If you are looking for a specific tool or topic, click the Reference View button in the top right corner of the page.

This site is built around events occurring at the fictional “Insights Bank and Trust,” a small community bank where you serve as an outside director. An outline of the course is presented to the right. Early parts of the course serve as a prelude to an October board meeting, which will offer information on typical points of discussion for bank directors.

In the early sections, you will learn about your duties and responsibilities as a director (see Corporate Governance) and items to expect as you start the important job of being a bank director. You will also learn about a fraud that occurred at Insights Bank prior to the meeting; this section introduces the topic of operational risk and its controls. Subsequently, you will attend an October board meeting where the focus is on a variety of topics regarding the evaluation of a bank’s financial performance and the management of the risks to its portfolio (credit risk, market risk and liquidity risk).

In each lesson, you will find video scenarios, sample reports and reference materials that are designed to raise awareness and help directors address on-the-job issues banks often face. Printable references, helpful tips and practice exercises may also help you gain confidence to ask pertinent questions and apply new knowledge to meeting bank director’s real-life responsibilities. A list of course topics, practice exercises and supporting “meeting materials” lessons is available from the Reference View.

The format of the course allows for your learning preference.

• New directors may want to go through the course sequentially.
• More experienced directors or returning users can access the Reference View to choose the topics that are of most interest.
• Banks can use the online materials in a group discussion with the entire board, watching the videos and then reviewing the questions and reports as a team.

To get started, use your mouse to click on one of the agenda items on the right.