For instance, we have been providing community coalitions, counseling agencies, fellow regulators, and others with detailed analyses identifying neighborhoods at high risk of foreclosures. In addition, all twelve of the Federal Reserve Banks have also been working with an array of stakeholders to address these challenges on the local and regional levels.
There are also efforts under way on the international level to develop responses to recent financial market turmoil. I represent the Board on the Financial Stability Forum, which has established a working group to diagnose causes of recent events and make recommendations.