There are, I am pleased report, ongoing discussions between the Federal Reserve and the OCC focused on improving our cooperation and coordination where we are both involved in the supervision of individual LCBOs. In many cases today, the existing relationships and coordination between Federal Reserve and OCC examiners are already excellent.
Working collaboratively, we will assess our coordination at several LCBOs to draw lessons from those cases where the relationship is already working very well. We will use this information to improve the consistency of our relationship across all the LCBOs where we are both involved in supervision.