chair yellen: so, like governor tarullo, i would be open to a modest increase in the threshold and i guess the reason i would be open to it is, as he indicated and as you just stated, we do have some smaller institutions that under section do -- forquired to example, supervisory stress testing and resolution planning. for some of those institutions, it does look, from our experience, like the costs exceed the benefits. if there were to be a modest increase in the threshold, i think what is essential is that the federal reserve retain the discretion to subject an institution that might fall below the new threshold to hire supervisory requirements. for example, that we would be performedsist that it supervisory stress testing if in our view the risk profile of that firm, in spite of its size, led us to believe that it had that made usrt think that it was appropriate -- that we possible might feel we would need that discretion. but at present, every firm over $50 billion has to do things like supervisory stress testing, and i think what we have found in some cases is that the burden ass

chair yellen: so like governor tarullo, i would be open to a increase in the threshold but the reason i would be open to it, as he indicated and as you just stated, we do have some smaller institutions that under section 165 are required to do, for example, supervisory stress testing and resolution planning and for some of those institutions it does look from our experience like the costs exceeds the benefit but if there were to be a modest increase in the threshold, i think what is essential is that the federal reserve retain the discretion to subject an institution that might fall below the new threshold to higher supervisory requirements. for example, that we would be able to insist that it performs supervisory stress testing if, in our view, the risk profile of that firm, in spite of its size, led us to believe that it had systemic import that made us think it was appropriate. that is appropriate that we might feel we need that discretion but at present, every firm over $50 billion has to do things like supervisory stress testing. and i think what we found is that in some cases th