of weak economic\rperformance in a strong position. After rebuilding capital and liquidity in the early 1990s,\rfollowed by several years of post-World War II record profits and very strong loan growth, our\rbanks now have prudent capital and reserve positions.\rIn addition, asset quality was quite good by historical standards before the deterioration began.\rBuilding on banking practices, we are in the process of improving both lending and supervisory\rpolicies that we trust will foster better risk management; but these policies could also reduce the\rpro-cyclical pattern of easing and tightening of bank lending and accordingly increase bank\rshareholder values and economic stability. It is an easy road, Mr. Chairman, but it seems that we\rare well along it.
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