Kansas City Fed's Hoenig:Community banks important

Kansas Fed President Thomas Hoenig said on Friday March 14 that community banks are important to the financial system by specializing in relationship banking and providing credit to small businesses.

Source: Reuters

Kansas City Federal Reserve President Thomas Hoenig said on Friday March 14 that community banks are important to the U.S. central bank's economic tasks as well as to the financial system as a whole.

"In the financial system, they complement the role of large banks by specializing in

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