My colleagues at the Federal Reserve and I understand these concerns, and we are committed to crafting supervisory policies and regulations that are appropriately scaled to banks’ size and complexity. And we have confidence that the remarkable resilience of America’s community bankers will enable them not only to survive, but also to thrive in the years ahead.
The best way to understand the challenges that community bankers face is to talk to the bankers themselves, and we at the Federal Reserve do that regularly. For example, to ensure that we remain mindful of the unique characteristics of community banks, the Federal Reserve Board established the Community Depository Institutions Advisory Council.