. >> it is, we initiated it and we need to reengage callen as a consultant. and the board had approved finalist for just the custody piece and not the lending piece and the next steps we need to give all of them the opportunity to renew their bids or update their bids because they are now stale bids and we intend to proceed and get that going. securities lending piece of the business was not initiated and again we have rfp's responses but we have taken no action on that. >> when would you guess this would be on the blackout list. how long do you think it will take to accomplish this task? >> it will easily take us beyond this calendar year. >> next on the list when will that be done? >> that has been on the less probably less than a year but it is suspended and my direction at this point but it's still an on going rfp. we are not canceling it until we have hired a permanent director for the program to determine whether these services are necessary. >> and the hedge fund has been on there for 2 months and looks like we are moving forward for that. the last one