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Community banking in an ever changing world--remarks at the Community Bankers’ Conference, Federal Reserve Bank of New York, New York City
Remarks at the Community Bankers? Conference, Federal Reserve Bank of New York, New York City.
How Our Region Differs
The banking industry has undergone a sea change in the last 30 years. Regulatory changes and technological advances have led to dramatic increases in the size and market share of large banks, while banks have shifted their activities notably away from commercial lending toward real estate lending. While these broad trends are true of banks in the Third District served by the Federal Reserve Bank of Philadelphia, our regional banking market also differs in some interesting ways. Our small regional banks are larger and concentrate much more heavily on residential real estate lending and less on ...