Fed’s Hoenig approves Hutchison amendment
Thomas Hoenig, the Kansas City Federal Reserve president, on Wednesday praised the US Senate for overwhelmingly passing the Hutchison amendment to the financial reform bill, which maintains the Fed's supervision of small banks.
"Passage of the Hutchison amendment removes a potentially dangerous provision of the US Senate bill that would have given special treatment to the largest financial institutions," Hoenig said.
Hoenig said the Fed's connections with small banks were absolutely critical to
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