Texas Administrative Code
Title 19 - EDUCATION
Part 2 - TEXAS EDUCATION AGENCY
Chapter 130 - TEXAS ESSENTIAL KNOWLEDGE AND SKILLS FOR CAREER AND TECHNICAL EDUCATION
Subchapter F - FINANCE
Section 130.186 - Banking and Financial Services (One-Half Credit), Adopted 2015
Universal Citation: 19 TX Admin Code ยง 130.186
Current through Reg. 49, No. 38; September 20, 2024
(a) General requirements. This course is recommended for students in Grades 10-12. Recommended prerequisite: Principles of Business, Marketing, and Finance. Students shall be awarded one-half credit for successful completion of this course.
(b) Introduction.
(1) Career and technical education
instruction provides content aligned with challenging academic standards and
relevant technical knowledge and skills for students to further their education
and succeed in current or emerging professions.
(2) The Finance Career Cluster focuses on
planning, services for financial and investment planning, banking, insurance,
and business financial management.
(3) Banking services are primarily concerned
with accepting deposits, lending funds, and extending credit. Banking services
include cash management, short-term investments, mortgages and other loans,
credit cards, and bill payment. Banking services are delivered via a number of
different institutions, from commercial banks (the largest group) and other
traditional means (savings and loans associations, credit unions, and local
banks) to newer ventures through insurance companies, brokerage houses, and the
Internet.
(4) In Banking and
Financial Services, students will develop knowledge and skills in the economic,
financial, technological, international, social, and ethical aspects of banking
to become competent employees and entrepreneurs. Students will incorporate a
broad base of knowledge that includes the operations, sales, and management of
banking institutions to gain a complete understanding of how banks function
within society.
(5) Students are
encouraged to participate in extended learning experiences such as career and
technical student organizations and other leadership or extracurricular
organizations.
(6) Statements that
contain the word "including" reference content that must be mastered, while
those containing the phrase "such as" are intended as possible illustrative
examples.
(c) Knowledge and skills.
(1) The student demonstrates
professional standards/employability skills as required by business and
industry. The student is expected to:
(A)
demonstrate effective oral and written communication skills;
(B) perform numerical and arithmetic
applications;
(C) demonstrate an
understanding of integrity and strong work ethic;
(D) demonstrate attention to detail in
completed assignments; and
(E)
demonstrate effective problem solving.
(2) The student evaluates the role of banking
in the modern economy. The student is expected to:
(A) outline the evolution of money and
banking in the U.S. economy;
(B)
explain the operation of the Federal Reserve Bank and its role in the
economy;
(C) outline and analyze
the history and the impact of the use of the gold or silver standard in
monetary policy;
(D) compare and
contrast the types of financial institutions such as commercial banks, savings
and loan associations, credit unions, investment banks, financial services
companies, and mortgage companies;
(E) discuss the role of the World Bank Group
in international financial assistance; and
(F) explain the nature of government agencies
that provide financing to businesses such as the Export-Import Bank of the
United States and the Small Business Administration.
(3) The student acquires knowledge of banking
processes and services. The student is expected to:
(A) describe the nature of banking
processes;
(B) describe the types
of banking services;
(C) discuss
retail bank products and services;
(D) explain business bank products and
services;
(E) describe basic teller
performance standards;
(F) discuss
the nature of loan products; and
(G) discuss trust services available to
customers.
(4) The
student describes the roles and responsibilities in banking services, including
educational requirements. The student is expected to:
(A) explain the role and responsibilities of
administrative careers in banking services; and
(B) describe the role and responsibilities of
executive and managerial careers in banking services.
(5) The student determines client needs and
wants and responds through planned, personalized communication to influence
purchase decisions and enhance future business opportunities in banking
services. The student is expected to:
(A)
describe the importance of selling in the banking industry, including
cross-selling and relationship selling;
(B) explain the process of opening a new
account; and
(C) describe loan
terms for a client.
(6)
The student simulates the day-to-day activities within a banking organization
in order to ensure secure operations. The student is expected to:
(A) describe bank loss prevention measures
such as procedures for the secure handling of cash and checks; detecting and
reporting counterfeit currency; developing business continuity plans; and
preventing crimes to which a bank could fall victim such as fraud, robbery, and
phishing;
(B) discuss the role of
the Federal Reserve System in banking operations and cash-handling
procedures;
(C) simulate daily cash
processing activities such as processing damaged and mutilated currency and
coin, ordering and depositing currency, depositing checks, handling differences
in cash received and deposited, and transporting cash;
(D) analyze the underwriting of loan
applications to determine credit worthiness of customers, including credit
analysis, and factors affecting loan pricing and structuring; and
(E) discuss the nature of problem loan
management.
(7) The
student describes laws and regulations used to manage business operations and
transactions in the banking services industry. The student is expected to:
(A) explain the elements of a compliance
program;
(B) discuss functional
areas of a compliance audit;
(C)
analyze a compliance plan;
(D)
discuss federal regulations of lending and operations functions in banking
services, including the ethical and social aspects of those
regulations;
(E) discuss
e-compliance issues in banking services; and
(F) discuss the responsibilities of
regulatory agencies that oversee the banking industry.
(8) The student investigates ways to create
and maintain positive, ongoing relationships with banking customers in order to
enhance the organization's image. The student is expected to:
(A) explain ways to cultivate positive
relationships with customers to enhance company image;
(B) discuss the importance of meeting and
exceeding customer expectations; and
(C) describe the relationships that
institutions providing banking services have with their communities.
(9) The student maintains,
monitors, controls, and plans the use of financial resources to enhance banking
performance. The student is expected to:
(A)
describe the manner in which banks generate profit and explain measures they
take to ensure profitability; and
(B) use financial formulas commonly used in
banking to aid in the growth and stability of banking services, including key
ratios and banking calculations such as interest and annual percentage rate,
capital adequacy, asset quality, management administration, earnings,
liquidity, and sensitivity to market risk.
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