Perhaps most significant, over the past three years the vast majority of new bank charters - once again, about three-fourths of them - have been granted by states. We have a long history of working with the states to coordinate our supervisory programs and achieve quality results. We rely on state supervisors as equal partners to ensure consistent, effective, and high-quality supervision.
Consequently, the institutionalization of financial education in schools is a very important step and the CBK has been trying for many years to realize it. We believe that only in this way will we be able to ensure stability, continuity and success in installing a genuine financial culture.