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Good afternoon. Well call this hearing to order. I thank everyone for coming. I want to welcome our guest with us to day, secretary of treasury mr. Mnuchin. Thank you for joining us. Today we look forward to discussing the departments budget request as well as some of the assumptions and policies inclu included in this year 2018. The president s budgets proposes cutting spending by 3. 6 trillion over the next ten years while making key investments to spur Economic Growth and job creation. I believe it is honest and impressive and includes major middle income and business tax cuts through tax r...

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...

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...

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...

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 ...