Most participants urged the Federal Reserve to continue to provide check and ACH services. Many expressed concern as to whether private-sector service providers would adequately meet the needs of all depository institutions, especially small institutions and those in remote locations, if the Federal Reserve were to exit these services.
Naturally, only one team can win this competition, but I must stress that all participants attending tonight should really be regarded as winners. To make it to one of the top five positions in this competition is a major accomplishment.