Thank you. It is truly a pleasure for me to join President Bullard and Chairman Cotney in welcoming you to the Community Banking Research and Policy Conference, which I am proud to say has been cosponsored since its inception by the Federal Reserve System and the Conference of State Bank Supervisors (CSBS). This is the third year for this conference, which I consider a milestone. The first time you organize a conference like this, all you can be sure about is that there was indeed enough research and interest for such a conference. The second time it is held, you proved that you could do it again. But the third year, ... (full story)