Second, the research results for the consolidation of banks alone suggest that if profitable loans are dropped by the newer universal-like banks, other small banks or nonbank firms will be standing by to pick up these loans.
Finally, the additional insurance, securities underwriting, or other financial services provided by the new institutions should provide greater opportunities for small businesses to have access to these nontraditional services. I want to leave time for questions, so let me conclude with a few summary comments.