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Banks are get out of certain communities and countries and they are also denying services to millions of lower income americans, not because the risk is too high, but simply because the profit margin are not considered high enough. There have been serious consequences on vital Correspondent Bank relationships that are critical to bier flows also. Another Major Property in several communities here, including in a district like mine, is that banks are closing branches. In fact economists from the Federal Reserve bank of new york released a report entitled banking debit. Branches closing and soft...

Do you ever come to our meeting . You ever want to get to know us . [indecipherable] [timer dings] thank you sir. Next speaker please. Hello supervisors my name is alicia cho i would like to continue my colleagues comment. Using the Chinese Communist regime for propaganda to generate heat for propaganda she worked closely with the procommunist Chinese Media to carry out her mission. According to residents in china sound who sympathize with [indecipherable] and today we are going to show you a few examples first of all [in [indecipherable] [video] thank you. Thank you, next speaker please. Mme....

Accountable. This hearing is about three hours. [ room noise ]. The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy responsibilities. The act has made the fed omnipotent but cannot make it omniscient. No act can. Through ...

Moved and seconded. All in favor, say i. I. Opposed . The minutes are approved next item general Public Comment this is the time for anyone that wants to discuss an item within our jurisdiction but not on the agenda today speak to us about that madam secretary any cards. No cards. Anybody that want to speak in general Public Comment . Afternoon commissioners executive director of bright line want to talk about calaveras that realized a 3. 0 deters ive talked to about that a mapping tool it defines what disadvantaged communities are a legislative term of art for the legislative and the viral po...

September 13th minutes any additions, deletions, or changes if not can i have a motion. So moved. Mr. Moved and seconded. All in favor, say i. I. Opposed . The minutes are approved next item general Public Comment this is the time for anyone that wants to discuss an item within our jurisdiction but not on the agenda today speak to us about that madam secretary any cards. No cards. Anybody that want to speak in general Public Comment . Afternoon commissioners executive director of bright line want to talk about calaveras that realized a 3. 0 deters ive talked to about that a mapping tool it def...