Ryan F. Quarles: “If there is a credit allocation decision to be made, that is a decision for Congress, to be debated by the public's…”

I don't think that we should be weakening the CRA.

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.

That is probably the highest priority item that we have, discussing ways to ensure that our systems are resilient.

It is not our intention. Indeed, it is the opposite of our intention, to affect the total loss-absorbing capacity of the largest firms.