Frank Murkowski said "To expect them to be very effective outside that puts them at a great disadvantage. I hope we can see within the interpretive language of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, some language that would address this inconsistency, because I have heard from those regulators and they, too, have a degree of frustration because they are mandated under the act. Yet the realities are that many of these small community banks do a good service. It puts them at an unfair disadvantage to be measured by a ruler that simply is unrealistic. If the chairman can give me that assurance the legislative language or intent will recognize this, I will not proceed with my proposed amendment." @ PoliticalQuotes.com

On the recordApril 26, 1994

To expect them to be very effective outside that puts them at a great disadvantage. I hope we can see within the interpretive language of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, some language that would address this inconsistency, because I have heard from those regulators and they, too, have a degree of frustration because they are mandated under the act. Yet the realities are that many of these small community banks do a good service. It puts them at an unfair disadvantage to be measured by a ruler that simply is unrealistic. If the chairman can give me that assurance the legislative language or intent will recognize this, I will not proceed with my proposed amendment.

Said by

Frank Murkowski

Alaska

Source

govinfo.gov

Editor's note · Context

Discussing the challenges faced by small community banks in relation to regulatory measures.

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