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Barr: Supervision and Regulation
Chairman Brown, Ranking Member Scott, and other members of the Committee, thank you for the opportunity to testify on the Federal Reserve's supervisory and regulatory activities. Accompanying my testimony is the Federal Reserve's semiannual Supervision and Regulation Report. Today, I will discuss current conditions in the banking sector, supervision, and some of our recent regulatory proposals. Banking Conditions Our banking system is sound and resilient. The acute stress that occurred in March has receded, and banking organizations continue to report capital and liquidity ratios above minimum regulatory levels. ... (full story)
Added at 3:31pm
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FED'S BARR: MARCH'S ACUTE STRESS IN THE BANKING SYSTEM HAS RECEDED.
— Breaking Market News (@financialjuice) November 13, 2023