WASHINGTON (AP) — Treasury Secretary Janet Yellen is trying to project calm after recent regional bank failures in California and New York. Yellen says additional bank rescue arrangements “could be warranted” if any new failures at smaller institutions pose a risk to financial stability. Yellen, who made her remarks at the American Bankers Association on Tuesday. The Treasury secretary says that overall the bank situation “is stabilizing” and the U.S. banking system “remains sound.” Yellen adds the government’s intervention has been necessary to “protect the broader banking system” and more rescue efforts could be necessary. Earlier this month, Silicon Valley Bank and Signature Bank failed.