Community banks and the Federal Reserve

Thomas M. Hoenig

Economic Review, 2003, vol. 88, issue Q II, 5-14

Abstract: In a speech given at the Federal Reserve Bank of Chicago?s conference, \\"Whither the Community Bank?\\" Federal Reserve Bank of Kansas City President Thomas Hoenig gave his perspective on the role community banks play in key sectors of the economy and in the Federal Reserve?s mission.> Mr. Hoenig?s central theme was that while community banks hold only a small share of the nation?s banking assets, they provide important financial services to some key sectors of the economy. Their importance in the economy, in turn, supports the Federal Reserve?s interest in and oversight of community banks. In fact, community banks play significant, though perhaps not equal, roles in each of the Federal Reserve?s three missions?monetary policy, banking supervision and regulation, and the payments system. Thus, the Federal Reserve has a strong interest in understanding issues facing community banks and in helping to make possible their continued participation in the nation?s financial and payments systems.

Keywords: Federal Reserve System; Community banks (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.kansascityfed.org/documents/1412/2003- ... ederal%20Reserve.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedker:y:2003:i:qii:p:5-14:n:v.88no.2

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Review from Federal Reserve Bank of Kansas City Contact information at EDIRC.
Bibliographic data for series maintained by Zach Kastens ().