It’s the same picture nationwide. Though if we look more closely, we can see that three out of four community banks hold assets of less than $ million. As a regulator, I am particularly interested in how our work affects institutions of this size. One good reason for this interest is the distinct contribution community banks make to economic activity.
[11] In summary, our monetary policy response to the pandemic is not only highly effective in supporting financial conditions, but is also providing crucial support to the real economy and has averted the most severe tail risks.