The Federal Reserve isn't finished easing up rules for the nation's smallest financial institutions, according to remarks Wednesday from the central bank's top regulator.

Just two weeks after the Fed announced changes to the way banks are classified and the types of capital cushions they'll need, Randal Quarles, vice chair of supervision, said more changes are coming that will allow community banks relief from the post-financial crisis capital requirements

"Our work to improve regulatory efficiency is not done, and we expect to make additional progress in the months ahead on a number of issues," Quarles said in remarks to be delivered to the House Financial Services Committee. He said the next proposal would be aimed at a leverage ratio proposal for community banks.

"We expect that this proposal would meaningfully reduce the compliance burden for community banking organizations, while preserving overall levels of capital at small banks and our ability to take prompt action when problems arise," he added.

In the most recent changes, the Fed put banks into four categories for leverage requirements but stressed that size was only one factor it would use in determining how much of a buffer banks would need. Beyond assets, the central bank said it would consider nonbank assets, short-term wholesale funding and off-balance-sheet exposure.

Those changes were aimed primarily at easing conditions for banks with between $100 billion and $250 billion in assets.

Dodd-Frank reforms after the financial crisis sought to increase capital buffers, decrease risk-taking and institute a procedure for unwinding banks that fell into the "too big to fail" category.

However, President Donald Trump has said some of those efforts went too far, and the administration has sought to loosen the reins for community and regional institutions while still keeping protections in place for larger institutions.

Quarles said the reforms have largely worked and the system overall is in solid shape.

"The banking sector remains in strong condition, in line with strong U.S. economic performance, with lending growth, fewer nonperforming loans, and strong overall profitability," he said.

He did note that several areas of concern remain that the Fed is monitoring closely, with a particular focus on cyber and technology risks.