Banks of different sizes serve different functions, and both large and small banks are needed to meet the funding needs of a healthy economy. The Federal Reserve does not use a onesize-fits-all approach to regulation and supervision and is committed to continually reevaluating and improving oversight to meet the complementary goals of bank soundness, financial stability, and economic growth.
The risks and vulnerabilities of community banks differ substantially from those of larger banks, and an explicit tailoring of regulation and supervision for community banks is appropriate. I look forward to our discussion. 5  Current and past issues of https://consumercomplianceoutlook.org. 6  See Jerome H. Powell (2014), “Opening Remarks,” speech delivered at the Webinar on Community Banking, Washington, October 20, www.federalreserve.gov/newsevents/speech/powell20141020a.htm.