mr. coaker. >> thank you, mr. coaker. [ inaudible ] >> thank you, chairwoman. this custody was original back in 2013, and then approved by the board -- or reapproved? january 2014 and canceled last month and we're bringing back to the board for approval this month and we also have our colleagues. >> robert shaw managing director of public markets. to my left isbu, and mark from cowan associates who are assistinging as you consultants for this particular rfp. with that i think we'll open for questions regarding the revised rfp with the only comment being throughout the rfp you will see the highlighted yellow sections. these are the new questions added as a result of feedback we received from the board at the last board meeting. thank you. >> colleges colleagues any discussion for staff on this item? no? well, let's go to public comment. >> thank you, president cohen. i was glad that commissioner meiberger served with me to report the black swan. i didn't bring it with me to have the full title of it. i'm hoping that some of you may have read it. it's a jaw-dropp