Barnanke wants small bank oversight - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Barnanke wants small bank oversight


WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke is

making a fresh pitch for the Fed to retain its oversight of small


Bernanke says that what the Fed learns from overseeing those

banks helps it assess the overall health of the entire U.S.

financial system.

The Fed chief is weighing in against a Senate proposal that

would scale back the Fed's banking duties.

Bernanke's remarks came in a speech Saturday at the Independent

Community Bankers of America's meeting in Orlando, Fla.

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