Furthermore, after the terrorist attacks in September, the Bank took every necessary measure in monetary operations in order to secure smooth fund settlement and financial market stability. The current monetary easing measures consist of four components. First, the main operating target for monetary operations was changed from the overnight call rate to the outstanding balance of current accounts held at the Bank of Japan.
I will confess that I have never worked at a community bank; however, I have been a community bank customer, and in that role I have had personal experience interacting with bankers whose mission is to provide high quality of service to every customer who walks in the door. Despite the advantages that I just mentioned, life is not always easy for community bankers.