Federal Reserve Board Vice Chair Michael S. Barr visited the Confederated Salish and Kootenai Tribes and the Blackfeet Nation, engaging in tours and discussions focused on gaining insights into the
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Vice Chair for Supervision Michael Barr, who testifies before the Senate on Tuesday, says supervisors knew of issues at Silicon Valley Bank for years before its collapse.
On 27 January 2023, the Board of Governors of the Federal Reserve System (the FRB) issued a policy statement (the Policy Statement) that limits state member banks to the activities.