At Fed Event In St. Louis, Bernanke Reassures Small Banks

Federal Reserve Bank of St. Louis building; Photo courtesy of Wikipedia
Federal Reserve Bank of St. Louis building; Photo courtesy of Wikipedia

At the Federal Reserve Bank in St. Louis Missouri for a two-day conference on community banking, Federal Reserve Chairman Ben Bernanke said the Fed is trying to address concerns of the community banks — banks with assets of $10 billion or less — that have been vocal about the burdens of increased regulation and supervision that’s come about since the financial collapse.

Bernanke acknowledged the “significant challenges” facing community banks, and assured those bankers that “we are committed to crafting supervisory policies and regulations that are appropriately scaled to banks’ size and complexity.”

Read more from the St. Louis Business Journal


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