Ryan F. Quarles: “I don't think that we should be weakening the CRA.”

If there is a credit allocation decision to be made, that is a decision for Congress, to be debated by the public's representatives.

If Congress does choose to provide a guarantee for mortgages, I would urge that the guarantee be explicit and transparent, done in a manner that protects taxpayers, and apply to securities not institutions.

Kentucky's legislative and regulatory framework is widely recognized today as one of the best in the nation.

Similarly, that has always been a high priority of the Federal Reserve, and where we have the enforcement authority to act, we will do that.