WASHINGTON — Senate Banking Committee Chairman Tim Johnson and Sen. Mike Crapo, the top panel Republican, wrote to regulators on Wednesday urging them to weigh concerns by community bankers on pending Basel III capital and liquidity rules.

In their letter to Federal Reserve Board Chairman Ben Bernanke, Comptroller of the Currency Thomas Curry, and Federal Deposit Insurance Corp. Chairman Martin Gruenberg, the two senators pressed regulators to "carefully tailor" their proposal to implement Basel III in the U.S. to specific types of institutions.

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