Because many regional banking organizations concentrate their assets and activities in banking subsidiaries that are supervised by other federal banking agencies, we coordinate supervisory activities closely with our regulatory colleagues and rely significantly on the results of their examinations, focusing our own inspections on the parent company and its ability to serve as a source of strength to the banks.
Community bank supervision I know that community banks play a vital role in many of your districts. Let me say that the experiences and challenges of community banking are not new to me.