I am encouraged that the ANPR offers ideas that advance these objectives. So let me say a bit more about the proposals in the ANPR that are tailored to small banks. Small retail banks could continue to have their retail lending activities evaluated under the current framework, or they could elect to be evaluated under the proposed retail lending metric.
Small banks that opt for the retail lending metric can also elect to have other activities considered. Additionally, the ANPR minimizes data collection and reporting burden by relying on existing data as much as possible, as well as exempting small banks from deposit and certain other data collection requirements.