Hernandez for broadcasting this meeting. Do we have any announcements . To protect our commissioners, city employees, and the public, city hall is closed. Lafco members will be participating in the meeting remotely. This is pursuant to the various state and local orders and directives. Commissioners will participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on this agenda via telephone. Both channel 26 and sfgov. Org are streaming the number across the screen. You can call 4156550001, meetimee meeting id is 146 3547117, then pound and pound again. When connected, you will hear the meeting discussions, but you will be muted and in listening mode only. Press star 3 to be added to the speaker line. Best practices are to call from a quiet location, and speak slowly and clearly and turn down your television or video. You can submit Public Comments by emails me, the lafco clerk or by u. S. Mail. It will be forwarded to
City hall is closed. Lafco members will be participating in the meeting remotely. This is pursuant to the various state and local orders and directives. Commissioners will participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on this agenda via telephone. Both channel 26 and sfgov. Org are streaming the number across the screen. You can call 4156550001, meetimee meeting id is 146 3547117, then pound and pound again. When connected, you will hear the meeting discussions, but you will be muted and in listening mode only. Press star 3 to be added to the speaker line. Best practices are to call from a quiet location, and speak slowly and clearly and turn down your television or video. You can submit Public Comments by emails me, the lafco clerk or by u. S. Mail. It will be forwarded to the members and included as part of the official file. Madam clerk, that concludes my announcements. Thank you very much madam clerk.
Thank you. That passes. Item three is the directors report. Commissioners, grant colfax, the health director. A few things in the directors report. We had the pleasure of participating in an announcement with senator scott wiener and mayor breed with reintroducing the Safe Injection Sites. The senator plans to reintroduce this bill in december. As you know that Safe Injection Sites have been a priority for the department and in alignment with mayor breeds priorities. We need these evidencebased proven interventions more than ever as fentanyl continues its uncrease in San Francisco and we have estimated that weve had more than 470 Overdose Deaths in the first month of 2020. And so this is a muchneeded intervention and it remains a priority and able to participate with the senator and the mayor in announcing the fact that that the bill will be reintroduced. We continue to encourage everyone in the city to get a flu shot now more than ever. This is certainly not the year to skip on a flu
Experiencing unprecedented declines in activity. Although the remains considerable uncertainty about the economy, we know that the Banking System has served as a source of strength throughout this period. They have supported their customers and committees by pppinating 500 million in loans. The Banking Systems ability to support the economy reflects the Industries Strong capital and liquidity position. In the Second Quarter of 2020, Equity Capital increased to more than 2. 1 trillion, which 13. 4 . Ted to highervels were slightly than the quarter preceding the pandemic. Taken meaningful action to provide banks while maintaining safety and soundness. I will provide an update in five areas in which we have made significant progress. Supporting communities in need, encouraging outstanding loan making. I would like to briefly touch on each of those, starting with our response to the Economic Risks related to covid19. We undertook a series of actions that helped maintain stability in financ
Bloomberg television. Eight days to the election across the station, and those watching around the world. The confluence here this morning, futures up 33. I get it. At the confluence here of really grim news worldwide on the pandemic, along with major uncertainty on the United States senate elections, makes for an interesting monday. Jonathan i couldnt agree more. The composition of congress all about what happens next with fiscal stimulus for market participants. Playing out for everyone to see, the increase of infections in the United States and europe, and extra restrictions coming down italy and spain at a time when the economy was already losing momentum. Youve got an equity market that gets hammered. The s p down almost 1 . Say full credit, i hate to this because jon is only with us for a brief hour today on bloomberg television, but the basic idea i have is that you were way out front on this. P guess if i am an sa shareholder, im a little surprised off of where it was friday. L