Care must be taken to be cognizant of market trends, but the U.S. banking industry "will be able to weather whatever downturns there are," FDIC Chair Jelena McWilliams said Thursday.

"We are monitoring the positions of banks, and we make sure that they are well-capitalized, [with] high levels of liquidity to be able to sustain economic downturns as they come and go," McWilliams told Fox Business Network's' "Mornings with Maria."  "We don't have any immediate concerns...we are just monitoring to make sure banks are resilient."

However, there is a "fine balance" between being too cautious and enabling growth, said McWilliams.

"I believe our regulatory framework in the past has gone too far making it, playing it so safe, that the banks have been sitting on a lot of capital that they have not released into the economy," said McWilliams. "Our goal is to find that fine balance between making sure banks are safe and sound while enabling growth."

McWilliams also discussed her own personal story, saying the United States' capitalism allowed her to live the American dream after moving from the former Yugoslavia with only $500 in her pockets.

"I was an exchange student for one year," she said. "I just needed this opportunity...I got educated in the United States, worked very hard worked several jobs at a time. I worked minimum wage jobs sold knives door-to-door, sold vehicles, another fun job let me tell you, and somehow here I am 27, 28 years ago later chairman of the FDIC. That is truly the promise of America."

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