Chairman Frank's discussion draft would close this important gap in our regulatory structure by providing for all financial institutions that may pose significant risks to the financial system to be subject to the framework for consolidated prudential supervision that currently applies to bank holding companies.
Private consumption, as a whole, shows some weakness. Meanwhile, net exports (exports minus imports) are basically on an upward trend, and public investment has started to increase considerably. Reflecting this development of final demand and some progress in inventory adjustments, especially in those of durable goods, the decline in production has been slowing.