Federal Reserve Chairman Alan Greenspan said on Mar 7 it was not surprising that a weaker economy was making bankers wary about lending, but he urged them not to go overboard. "Lenders and their supervisors should be mindful that in their zeal to make up for past excesses they do not overcompensate and inhibit or cut off the flow of credit to borrowers with credible prospects," the Fed chief told members of the Independent Community Bankers of America meeting in Las Vegas.

Greenspan canceled a