this is about 35 minutes. >> perhaps no stronger advocate for security banks than thomas hoenig. for two decades he served as president and chief officer of federal reserve bank of kansas city, 18 years as bank supervisor at the kansas city fed. randall is professor of economics at the school of business at the university of chicago. dr. crozner served as governor of the federal reserve system from 2006 to early 2009. during his time as a member of the federal reserve board chaired a committee on supervision and regulation of banking institutions and the committee on consumer and community affairs. dr. hoenig, you first. >> thank you. chairman brown, ranking member corker. thank you for the opportunity to testify on issues relating to improving the safety and sou soundness of the nation's banking system. having joined the ford board of fdic a month ago, it's a pleasure to serve. we can draw from collective experiences and diverse backgrounds that will inform our discussions and decisions going forward. this subcommittee asked me to discuss a paper title restructuring the banking

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