Central Banking Seminar and Specialized Courses Frequently Asked Questions

Will you accept multiple nominations from an institution for the Central Banking Seminar or a Specialized Training Program?
We are happy to accept more than one nomination per central bank for the following programs:

  • Central Banking Seminar
  • Payment System Policy and Oversight Course
  • Financial Institution Supervision Course
  • Operational Risk Management and Internal Audit Course
  • Management of Administrative and Financial Services Course
  • US Economy: Interpreting the Indicators Course

However, we ask that the nominees be ranked in order of priority so that we know who should be given preference should space become an issue.  As a matter of equity, we allow for representation from each institution before accepting multiple candidates from any given institution.

We can only accept one nomination per central bank for the following courses which have strict eligibility requirements and only limited seating:

  • Portfolio Management: Current Trends in US Dollar Asset Markets
  • US Monetary Policy Implementation Course

 

Are there specific instructions regarding the endorsement letter?
We do not require endorsement letters to follow any particular form or format. However, the statement of endorsement should be on official letterhead, wherever possible, and should be signed by the Governor or Head of your Institution. In some instances, we will accept nominations from another senior central bank official who has been authorized to endorse candidates for our course. The nomination should clearly indicate the name of the nominee and the course to which they are being nominated. The letter should be scanned and emailed to international.training@ny.frb.org (preferred) or sent by fax to 1-212-720-8189.  Please also mail the original letter on official stationery to:

Ms. Krista Arfsten
International Affairs Manager
International Affairs Function, 6 Fl
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

 

Are there specific eligibility requirements or a target audience for your international training programs?
Participation in the Bank's international training programs is limited to officials from central banks around the world who are sponsored by their institution.  The Financial Institution Supervision program is also open to international supervisory authorities by invitation.

Candidates for all of the Bank's training programs, including the Central Banking Seminar, must be nominated by the chief executive officer of their institution.  They should be at least mid-level officers with sufficient education and work experience to be able to take advantage of the material and the interactive format of the programs.  Candidates should also be fluent in spoken English.

Specific Course Requirements:

Central Banking Seminar:
Because the seminar focuses on financial markets and monetary and financial policy issues, participants should have some background in these areas to derive maximum benefit from the program.  The Seminar is designed to broaden the experience of central bankers who have been identified as potential leaders by their respective institutions.  

Portfolio Management:
The Portfolio Management: Current Trends in US Dollar Asset Markets Course has a limited enrollment and strict eligibility requirements.   It is open only to candidates currently directly involved with reserve management at their central bank.
 Due to space limitations, we may not be able to accommodate all eligible nominees for this course.  Our Markets Group reviews all course applications after the registration deadline and makes a final decision about enrollment at that time.  In addition to granting priority to applicants who are directly involved in managing reserves at their institution, we also aim to rotate participation among countries each session (based on prior attendance) and try to maintain a balanced regional distribution.

US Monetary Policy Implementation:
The US Monetary Policy Implementation Course has a limited enrollment and strict eligibility requirements.    It is open only to practitioners involved on a daily basis with the implementation of monetary policy at their central bank.  
Due to space limitations, we may not be able to accommodate all nominees for this course.  Our Markets Group reviews all course applications after the registration deadline and makes a final decision about enrollment at that time.  Regrettably, we are not able to accept candidates whose monetary policy work primarily involves research-related activities, such as preparing research papers, speeches and analysis on US Monetary Policy.

 

How can I register for the Central Banking Seminar and Specialized Courses?
Several months before each training session, the New York Fed sends out letters to central bank governors inviting them to nominate candidates for our programs. 

The invitation letters for the Spring courses are usually sent out in late January.  At that time, our website is updated with more details about the Spring training session and registration materials are posted.  Similarly, we generally open the registration period for our Fall courses in late June, when we send out the invitation letters.

During the registration period, nominees must submit a course application on our website.  Course applicants will not be considered for the programs unless we also receive a supporting statement of endorsement from the applicant's chief executive officer (or a senior central bank officer who has been authorized by the governor to endorse candidates.)

Once we receive applications from nominees, we correspond directly with them on course developments.  Notifications regarding course acceptance status, including the official course acceptance letters, are sent directly to nominees by email shortly after the registration closing date.   Further details regarding the courses, including the agendas, are sent out by email to nominees as they develop.

 

Is there a particular hotel that I should use during my stay in New York for the Central Banking Seminar or Specialized Course?
The Federal Reserve Bank of New York reserves a block of rooms at two downtown hotel locations that are within walking distance to the Fed as a convenience to our course participants. Staying at either of those hotels is optional and the relevant information is posted on our website once the course registration period begins.

It is the responsibility of the participants to make their own reservations (either with these hotels or at a hotel of their choosing) and provide the required credit card guarantee.

 

Does the Federal Reserve Bank of New York charge tuition for their international training programs?
The Federal Reserve does not charge tuition or fees for any of our training courses and we assume the cost for the participants’ continental breakfast and lunch for the program’s duration.  Each participant's institution will assume the cost of transportation to and from New York, all hotel expenses, the cost of meals not provided by the Federal Reserve Bank of New York, and other incidental expenses.

 

Where can I find the course agendas?
The agendas for the upcoming courses will be sent directly to participants by email several weeks before each course is scheduled to begin. 
The agendas for the previous course sessions are posted on our website as a reference.  They provide a good indication of the types of topics that will be covered as well as the basic timeline of each course.  The programs are updated regularly to meet evolving issues and challenges, but many of the topics covered during the previous sessions will be again addressed in the upcoming programs.