. >> we have a few speakers, we have amanda faried, molly cohen and then fred brousseau who is with the legislative analyst office. we have the lawyers committee on civil rights. i just have a few talking points i want to go into prior to the introduction. supervisor fewer and i called this hearing for the dual purpose of hearing the budget legislative analyst assessment of how a public bank might work in san francisco. we're also framing our municipal banking task force, which kicks off this week. and identifying the major -- this task force will be identifying major questions and policy goals that will be identified by the task force. i called for the task force because i believe we need more local control, transparency and financial empowerment in our city and in the financial system. we're currently relying on big banks, which many of those folks would agree that's not a good place to rely. which in the last two years, fraudulent accounts have been made on behalf of clients, this is just one recent egregious behavior that has happened in the recent past. they have invested, banks ha

. >> supervisor fewer: so thank you, i'd like to introduce fred brousseau. he works closely with my office as he and the staff worked on the update to the 2011 banking report. i'm going to provide a summary of our report to supervisor fewer on options of community banking. at the moment though, the slides are not appearing. i wonder if i might get assistance. do you have a printed copy? >> i do and actually -- here we go. >> we can do it the old-fashioned way. >> here we go. thank you. my apologies for the delay. this was the report that we issued in december to supervisor fewer. it was update to 2011 report we had prepared for supervisor avalos, it covered some of the same topics, but it is different that we tried to focus on specific steps needed to be taken to establish a public bank. what we've done is provided an outline of the steps. there is obviously many more questions that would be -- need to be resolved to pursue that. so i'll just start briefly with options for the city. there are commercial banks, that's what we're using now. they're for profit