Tarullo Says Fed Staff Actively Engaged in Large Bank Research

Federal Reserve Governor Daniel Tarullo said the central bank’s staff is “actively engaged” in research and analysis in understanding how the largest banks operate.

The most “pressing task” is to advise the Federal Reserve Board on the financial stability impact of large bank mergers, Tarullo said in a letter to Representative Edward Royce, a California Republican. Royce asked the Fed governor in a letter last month how the central bank was taking up the task of studying organizational structures of large banks.

Tarullo also said the Fed staff has been actively “identifying and obtaining” new sources of data that could help future research. His letter was dated Feb. 11.

To contact the reporters on this story: Craig Torres in Washington at ctorres3@bloomberg.net;

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.