It is a pleasure to be with you today to talk about financial stability and fintech. Being in the Treasury's beautifully restored Cash Room calls to mind the themes of both history and finance. History, because the room was constructed just after the Civil War. Finance, because it was designed to be the Treasury's bank and was originally used to conduct daily banking and payment transactions with other banks and the general public. Of course the functionality of this room has changed over the decades as the financial system landscape has evolved, and today we are holding a conference here to discuss financial innovation.
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