Reserve vice chairman for bank supervision. Idaho senator mike crapo is chair of the banking committee. Thank you very much. And would the witnesses for our hearing please come and take their seats and while theyre doing that, senator shelby cant be here for his questioning time and so hes asked for just like a minute to make a quick statement. Ill be real quick today. I just want to say i wont be here. Ive got to preside over a appropriation hearing. But i believe that president has sent twous two good nominees. One we waited a long time for the vice chairman for the supervision of the fed. I think these are outstanding nominees. I hope you the hearing goes well and we can expedite the nominees and get them in place. Thank you. Thank you, senator shelby. All right. The hearing will come to order. This morning well consider the nominations of mr. Joseph otting to be comptroller of the currency and randal quarrels to be a member of the board of governors of the Federal Reserve system an
Statement. Ill be real quick today. I just want to say i wont be here. Ive got to preside over a appropriation hearing. But i believe that president has sent us two goodnominees. I hope the hearing goes well and we can expedite the nominees and get them in place. Thank you. Thank you,senator shelby. All right. The hearing will come to order. This morning well consider the nominations of mr. Joseph otting to be comptroller of the currency and randal quarrels to be a member of the board of governors of the Federal Reserve system and vice chairman for supervision of the board of governors of the Federal Reserve system. Welcome to both of you. Thank you. And congratulations to you on your nominations to the important offices. I see that you have friends and family sitting with you. I welcome them heretoday as well. These two positions are critically important to ensuring a safe, sound, and vibrant Financial System. Were fortunate to have two highly qualified individuals to consider for the
State university and the two of them worked on the book together and they will be talking about it together and we are so thrilled and honored to have you both here and i should mention also that route larry is a regular customer at thecorner bookstore and has been for years. And that makes it so special and so personal so please join me in welcoming larry and brian, thank you. [applause] thank you very much, i appreciate it. Are we on, both mikes . We welcome cspan for covering us, thank you very much. Its true, i larry kudlow and im a local. Actually, when random house started organizing this, which one . That works. This one doesnt sound great. Random house said a while back when we finally got this thing published, its good to have a couple local bookstores and i said how about across the street . He said terrific idea. Weregoing to do a bunch of these around the country, weve done tons and tons of media. A lovely oped piece of ours was published in todays wall street journal. This
[gavel] good morning. Good morning ladies and gentlemen, i would like to welcome you to the regular meeting of the budget and finance committee. I am supervisor malia cohen, chairperson of this committee. To my right is the vice chair supervisor norman yee and to his right is supervisor tangand i would like to thank our friends up at sfgtv that are assisting us in broadcasting this meeting. Mme. Clerk, do you have any announcements . I think we have Catherine Mcguire from sfpd. Mme. Chair would you like me to call item number one. Yes yescall item number one. [calling item 1] ms. Mcguire welcome the floor is yours. Good morning Catherine Mcguire with sf pd. I do not have a formal presentation but this is item to one your agenda and this is that we have received or been offered a donation of a large amount of furniture and we would like to receive it. We have an immense need to replace furniture that is over 25 years old in some cases and this would be an inexpensive opportunity to do t
This meeting. Mme. Clerk, do you have any announcements . I think we have Catherine Mcguire from sfpd. Mme. Chair would you like me to call item number one. Yes yescall item number one. [calling item 1] ms. Mcguire welcome the floor is yours. Good morning Catherine Mcguire with sf pd. I do not have a formal presentation but this is item to one your agenda and this is that we have received or been offered a donation of a large amount of furniture and we would like to receive it. We have an immense need to replace furniture that is over 25 years old in some cases and this would be an inexpensive opportunity to do that. Great, thank you. All right lets go ahead and are there any questions . S is a pretty straight forward matter theres no legislative analyst to speak up so we will go ahead and open Public Comment. So i open Public Comment, does anyone from the public have a comment on this item . I do not see any so i will close Public Comment [gavel] mme. City clerk can you please call it