The Federal Reserve also has responsibility for supervision of bank holding companies, including annually assessing risk management and compliance. 20  21  -8-  abusive acts or practices, as well as fair lending—into our assessments of bank holding companies, including in the context of applications for mergers and acquisitions.
Ladies and Gentlemen, Kenya’s economy has experienced tremendous growth in recent years, with real GDP growing at 6.1% in 2006. This achievement is collaborated by the improved performance of the Banking Sector in Kenya. The Sector remained stable in 2006 with positive developments recorded in all key financial indicators. Total assets expanded by 19.5% from Kshs. 640 billion as at December 2005 to Kshs.