He Stands Among Us
For Christ is not localized in the bread and wine (the Catholic view), nor is he absent from the Supper as though our highest activity were remembering him (the memorialist view). Rather, he is known through the elements, by the Spirit. There is a genuine communion with Christ in the Supper. Just as in the preaching of the Word he is present not in the Bible (locally), or by believing, but by the ministry of the Spirit, so he is also present, in the Supper, not in the bread and wine, but by the power of the Spirit. The body and blood of Christ are not enclosed in the elements, since he is at the right hand of the Father (Acts 3:21); but by the power of the Spirit we are brought into his presence and he stands among us.
Sinclair Ferguson, The Holy Spirit, ed. Gerald Bray, Contours of Christian Theology (Downers Grove, IL: InterVarsity Press, 1996), 201.