NASHVILLE, Tenn. May 12 St. Louis Federal
Reserve President James Bullard on Wednesday said the Federal
Reserve should continue to supervise smaller banks.
"The Fed should remain involved with community bank
regulation so that it has a view of the entire financial
landscape," he said in comments prepared for delivery to a
group of bankers.
In remarks similar to ones he made last week in St. Louis,
Bullard said the economy is showing continued signs of recovery
and that monetary policy remains "extremely accommodative."
The U.S. Senate on Wednesday approved an amendment to a
sweeping Wall Street reform bill that would preserve the
Federal Reserve's supervision of thousands of smaller banks,
reversing an earlier plan.
(Reporting by Mark Felsenthal; Editing by Andrea Ricci)