A single bank missing its revenue expectations and increasing its provisioning does not change the fact that the overall banking system is strong, Federal Reserve Vice Chair for Supervision Michael Barr said.
Remarks: Speaking in Washington, Barr said the Fed sees no signs of liquidity problems across the system. He also cited lessons from large bank failures last year, including reducing reliance on uninsured deposits, enhancing access to different sources of liquidity, and being prepared to tap the Fed’s discount window.