mr. cokeer. >> thank you gentlemen i'll ask leslie to walk us through the key elements. >> so thank you leslie with the last thing we added one manager to the under review list we've discussed on several occasions the growth from pimco as well as pimco who manages a debt portfolio under review we don't think the impeach is something we'll recommend action with the portfolio but obviously the one has been the leader of the firm over a long period of time their organizational impacts that need to be monitored we angeles did a effort to meet with mr. gomez at the firmer and other products some of which there're endorse for s p f pi know that u news visited the sites we're transacting that careful but does see an immediate cause for concern there are 3 firms taken off the review list 1952 due to the for a second their terminated two of the real estate managers and e ii and y b r lou incarnate see 0. >> we'll open up for public comment seeing none i'll close public comment i would like to say that the overall watch list looks at great it takes two or three you years ago there appropriate attendance

mr. cokeer is an example is involved in an organization that is a nonprofit he actively engaged to be he invites me and handbags to me i would look at that as an nonprofit fundraiser do you have to report it. >> if it's not given you to directly look at the nonprofit ticket when you buy a ticket maybe 5 hundred bucks only some portion goes to the event and the rest is for the nonprofit it's a fundraiser; right? so you have to value that gift as a non-portion of the ticket. >> the room refreshments i think that would be how you evaluate if it's not provided by the nonprofit and the gift of subordinate rule maybe in effect. >> your friend says i bought a table would you need to report that cost of that table from that friend. >> the initial valve didn't necessarily won't apply. >> let's say that was worthy the meal $150 do you have to write that down from the gift as a source. >> if depends on other gifts as the the co-relation. >> let's say it it has nothing to. >>