the dodd-frank accused created a new position at the fed, which is subject to senate confir mapgs. it's almost two years later, the president has still not nominated anyone for this position. who is currently fulfilling those duties as vice merrimar ct the fed? >> the duties are distributed across the governors and the staff. but i would say the point person, as you know, is governor truello. i would like to see the position filled and see the board filled, as well. >> and my last question has to do with a balance sheet, which is about $2.9 trillion. how are you going to shrink that? do you have a plan? i'm sure you've talked ant it, we've talked about it a little bit at times. but that is a huge balance sheet to start shrinking. probably is not the time to shrink it now. how are you going to do that? >> senator, we have provided in numerous occasions an exit plan. for example, in the minutes i think some time ago we provided an agreement of the committee how we would proceed. in the very short term, we can both -- of course, allow securities to run off, which we've been reinvestin