Ben Bernanke said...

Our mission as set forth by the Congress is a critical one: to preserve price stability; to foster maximum sustainable g...

It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during dif...

Let me just say that we are quite aware of these portfolios, and we are addressing them in at least two ways.

Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.