If this is going on with state member banks, I wonder if the OCC and FDIC are on board for their banks, as well.
My question, as well, however, FDIC banks are possibly held to a stronger requirement for a “mixed basket” than Fed and OCC banks.
The FDIC was making sure no bank had concentrations in any one market segment, unless it was clearly government-backed “safe.” Consequently, with bigger reserves and small portions of overall portfolios in specific industries, I don’t expect FDIC banks to have a real concern.
The Fed was always more lenient, probably because the FDIC is the entity that has to clean up their messes.