Conclusion In closing, I congratulate you and the industry, generally, for successfully dealing with the challenges of the past year. The industry remains fundamentally sound and has consistently demonstrated that it can deal with stress. Nevertheless, no business can afford to remain static, and banks of all sizes should continually pursue better ways to manage risk.
In fact, there is at least one specialist in economic education at each of the Reserve Banks and at most of the Branches. Many of these specialists offer training seminars to help educators teach economics and personal finance in their classrooms. The Federal Reserve also supports a variety of programs and initiatives to increase financial literacy.