we'll start with miss eberley. >> thank you. chairman shelby, ranking member brown and members of the committee, i appreciate the opportunity to testify on behalf of the fdic, on regulatory relief for community banks, as the primary federal regulator the fdic has a particular interest in the opportunities they face. they provide traditional relationship based banking services to their communities. although owe hold only 14% of assets they account for 45% of all of the small loans to businesses and farms made by insured institutions. while more than 400 community banks failed during the recent financial crisis the vast father majority did not. institutions that stuck to their core expertise whether the crisis are now performing well. the highest failure rates were observed among noncommunity banks and those that departed from the traditional model and tried to go rapidly with risky assets often funded by volatile broker depot sits. we are keenly aware of the impact the regulatory requirements can have on smaller institutions whic

eberley. the 2012 study. in that stud,, was there an effort to step to the mind-set of a community bank and look at it from their point of view in terms of how many regulators are coming how often in what kinds of numbers, and whether there's a way to coordinate that whole set of activities in order to diminish the -- the burden on community banks while achieving the core purposes of the regulatory visits? >> at the same time that we completed 9 data study, we embarked on an outreach initiative that started with a symposium of community banks that we held in washington followed by outreach session hosted by our chairman. we specifically asked institution, you know, what were the things that created burden for them. they talked about new regulations. they talked about communication and they talked about the examination process in ways that we could make it better. we took actions back in 2012 and 2013 on the feedback that we received from institutions, and the feedback that we continued to receive. in particul