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[Federal Reserve Adjusts Bank Supervision Approach and Plans to Reduce Number of Regulators] The Federal Reserve has released a three-page memorandum detailing new expectations for bank examiners, requiring them to focus on significant financial risks and limiting the scope of oversight on other matters. These adjustments may narrow the scope of work for Federal Reserve examiners. Federal Reserve Governor Bowman plans to reduce the number of regulatory personnel by 30% over the next year. The adjustments are expected to impact the Federal Reserve's approach to bank supervision in terms of overall stability but will not alter its limited regulatory efforts regarding consumer protection and fair lending laws for small banks.