Jerome H Powell: Trends in community bank performance over the past 20 years

Speech by Mr Jerome H Powell, Member of the Board of Governors of the Federal Reserve System, at the "Community Banking in the 21st Century"Fourth Annual Community Banking Research and Policy Conference, sponsored by the Federal Reserve System and the Conference of State Bank Supervisors, St. Louis, Missouri, 29 September 2016.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Welcome to Day 2 of the conference. I am grateful to the organizing committee for inviting me to be part of this important event once again. This is the third time that I have had the privilege of addressing this unique audience, which brings together bankers, bank supervisors, and banking researchers to share their thoughts regarding the current and future state of community banking. The interactions that occur at these annual gatherings are incredibly valuable and stimulate innovative thinking on the part of all three groups of participants.