mr. cole, allows the central oklahoma district to store water purchased from oklahoma city in lake thunderbird. this legislation is necessary since federal regulations do not allow water transfers from outer basin areas unless congress authorizes such a transfer. this bill specifically states that any costs associated with this enactment will be borne by the project beneficiary. it is a no-nonsense bill that will provide additional water storage during times of drought. i that i my colleague, mr. cole, for sponsoring this bill and i urge adoption and i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from arizona. mr. grijalva: i yield myself such time as i may consume. h.r. 3263 authorizes the storage of nonproject water in lake thunderbird. the ability to store water will provide reclamation and manage flexibility. the administration supports h.r. 3263 and we have heard from the tribes around the region who do not object to this legislation. and

resolved everything that we could go back and forth probably 20 minute earlier we gave opportunity for mr. cole, for the attorney general hold r holder, for senator leahy and mr. cummings to each state their positions and that took about five minutes apiece. >> greta: did you communicate to him right then and there look i'm going forward tomorr w tomorrow? did you tell him that? >> i did. i told him that he gave us nothing that would cause us not to go forward. but that we would hold the doors open for actual discove y discovery. >> and he said what when you told him that? >> well, he started through the same line that he used in public statements that you have seen before judicialary unprecedented access, nobody can give you the deliberative process, we are willing to do it but it is unprecedented. and again, we are sorry to have to ask for this information but i he think the american people by now if they have been foll w following fast and furious know that we don't have answers relative to who was sponsible for brian terry as it went up the chain. we certainly don't have any information abo

we gave opportunity for mr. cole, for the attorney general holder, for senator leahy and for mr. cummings each to state their positions. and that took about 5 minutes apiece. >> did he -- did the attorney general -- did you communicate to him right then and there, look, i'm going forward tomorrow. did you tell him that? >> i did. i told him he gave us nothing that would cause us not to go forward, but we would hold the doors open for actual discovery. >> he said what when you told him that? >> well, he started through the same line that he used in public statements that you have seen, in report to judiciary, unprecedented access, nobody can give you the deliberative process. we are willing to do it but it's unprecedented. and again, we are sorry to have to ask for this information, but i think the american people by now, if they have been following fast & furious know that we don't have answers relative to who was responsible for brian terry and it went up the chain. we certainly don't have any information about how a document that was false remained out there for 10 months. >> w

thank you so much mr. coles.ing your story and the entire industry. >>> melissa is the at the nasdaq with a preview. melissa? >> if qe3 is 100% outcome then how do you invest in commodities? dennis has your answers on which quantity you should be in and which currencies you should be in should this also happen. also, may is the second worst month ever. how is he setting up his play book for june? we have an options action trade and that is today after downgrade, how do you take your flier? we have your answer tees. all that and more on top of the answer. see you then. >> i'm melissa. we will be there. and we will move your money first thing in tin morning. >>> then with the earnings season pretty much wrapped up, the winners and losers. then this programming note, joint me with my interview with former president bill clinton from fresh from his blitz with president obama. tomorrow, bill clinton first on cnbc. here's one you may not have thought of -- fidelity. now you don't have to go to a bank >>> looking for a

mr. pilpel: i suggest replacing nopa. i would add cole valley. we can discuss lower hataight. mr. mcdonnell: objection to japan town-fillmore? objection to the north of panhandle? objection to cole valley? all right. there will be three neighborhoods listed or recognized in d 5. can we -- >> can we keep in those listed here? mr. mcdonnell: ok. the proposal to list each of them. any objection to listing them? any objection? we move forward. district 6. from the consultants, we remove all of those. referring to ms. tidwell's list. >> we left the tenderloin out entirely. that was one of our primary concerns. mr. mcdonnell: we are on 6 now. so, tenderloin. >> we look at district consultants now? where are we? mr. mcdonnell: we are on district 6. this is the consultants lists list association. all of those will come off. we will now refer to ms. tidwell's list. mission bay, south beach, rincon hill, treasure island, filipino community, and the tenderloin just added by ms. melara. >> are we keeping it together in district 6? >> we did not fully achieve that for the mission, either. mr. m

mr. pilpel: i suggest replacing nopa. i would add cole valley. we can discuss lower hataight. mr. mcdonnell: objection to japan town-fillmore? objection to the north of panhandle? objection to cole valley? all right. there will be three neighborhoods listed or recognized in d 5. can we -- >> can we keep in those listed here? mr. mcdonnell: ok. the proposal to list each of them. any objection to listing them? any objection? we move forward. district 6. from the consultants, we remove all of those. referring to ms. tidwell's list.

mr. renne, inspector van cole, bernadette robinson. they worked extensively. having work that they view for the last 15 months during the evening and during the day and having experience, the dynamics of the club at 550 barneveld and things that affect us, trying to provide public safety services, it is quite and efficient plan. it is doable. it is quite fair to come back in six months. the idea of the permit was under much discussion in april, but it is fair for us to evaluate whether that condition should be lifted. i will answer your questions if you have any. president newlin: i think you are aware that your father was my training officer when i got out of the academy in 1970 in central park station. he is responsible -- >> i am aware of that now. president newlin: that is the only question i have. >> i will pass that along. president newlin: is there anybody else from the police department that wants to comment about this? seeing none, we will open it up for public comment. are there people from the public here to comment on this? no. ok. the matter is be

mr. issa from james cole. in it he says i stress that the department remains willing to work toward a mutually satisfactory resolution of this matter, so why can't we work together? i would like to publicly thank mr. micca for working across the aisle on the transportation bill and hopefully this can move forward in a bipartisan way, and i think we should work across the aisle on getting this resolved in a way that satisfies the chairman and the members on both sides of the aisle and the fact that he has made an offer to continue discussions we should follow up, and i think that this offer reinforces the points that my good friend the congressman norton was making that the justice department is opened to working towards some type of conclusion. i would like to say we have never censureed a cabinet offer. i think it was people or had a contempt vote and i can't remember. you can probably remember. never a cabinet officer and never the highest ranking member of law enforcement for our country who is willing to wo

mr. attorney general. james cole, deputy attorney general, has written that the department has a greater obligation than just checking the legal sufficiency and approving wiretap application. he thinks that applications also have to comply with doj policy. is that correct? >> applications have to agree with doj policy? >> that's what he said. >> sure. >> okay. during the transcribed interview, deputy assistant attorney general jason weinstein testified that senior officials approving the wiretap applications do not read the right wiretap applications. is this practice acceptable to you? >> they read summaries of the applications. that is a process that has been used by this administration and by all previous administrations. it is the way in which the office of enforcement -- >> and are you aware that federal -- are federal judges -- >> can i answer my question? the question -- >> no, you've given me a sufficient answer considering the amount of questions i have and the amount of time i have. are you -- you're okay w

cole? >> thank you, mr. chairman, mr. dimon. >> i understand that jpmorgan is lending more money to businesses and i appreciate that. however, it appears your bank's lending is not keeping pace with the deposits you're taking in. last year jpmorgan reported that it had $1.1 trillion in deposits. this, of course, is more deposits than any other bank in the united states, but the other big banks reported loan to deposit ratios that are 10 to 20% higher than your banks. it seems like lending to american businesses would be less risky than what was being done in the london office. is your loan to deposit ratio lower than your peer banks because you are, perhaps, prioritizing these risky trading activities over lending. can we hope that you are going to focus more on lending in the american market? >> we are making all the good loans we can in all due haste. we are a global money center bank, and what that means is we have deposits from governments around the world from sovereign entities, from large corporations that can be t

mr. attorney general. james cole, the deputy attorney general, has written that the department has a greater obligation than to approve wiretap applications. he thinks wiretap applications have to comply with department of justice policy. >> sure. >> during a transcribed interview, a deputy assistant attorney general testified that senior officials approving the wiretap of applications do not read the applications. is this practice acceptable to you? >> that is the process used by this administration and all previous administrations. >> are you aware that federal judges to your knowledge -- >> can i answer your question? >> you have given me a sufficient answer considering the amount of time i have. would you agree senior officials are responsible for documents they signed? i will assume the answer is yes. jason weinstein, is he's responsible for what is in these wiretaps? -- is he responsible for what is in these wiretaps? >> he did not create that material. he would have been the person who would have reviewed the

mr. attorney general, james cole, deputy attorney general has written that the department has a greater obligation than just check the legal sufficiency and approving wiretap application. he thinks that applications also have to apply with doj policy, is that correct? >> applications have to agree with doj policy? >> that's what he said. >> sure. >> okay. during a transcribed interview deputy assistant attorney then jason weinstein testified that senior officials approving the wiretap applications do not read the wiretap applications. is this practice acceptable to you? >> they read summaries he of the applications, that is a process that has been used by this administration and by all previous administrations. it is the way in which the office of enforcement -- >> are you aware that a -- >> can i answer my question? the question you've asked me. >> you've given me a sufficient answer considering the amount of questions and the amount of time i've had. you're okay with that practice, you've already answered that. would you agree that senior officials are responsible for documents they sign? i woul

mr. attorney general. james cole, deputy attorney general, has written that the department has a greater obligation than just checking the legal sufficiency and approving wiretap application. he thinks that applications also have to comply with doj policy, is that correct? >> applications have to agree with doj policy? >> that's what he said. >> sure. spirit during a transcript in the deputy assistant attorney general jason weinstein testified that senior officials approving the wiretap applications do not read the wiretap applications. is this practice acceptable to you? >> they read summaries of the application. that's a process that's been used by this administration and by all previous administration. it is the way in which the office of -- >> are you aware that federal judges,. >> can answer my question speak with you give me a sufficient answer and considered him a question i have an amount of time i have. you're okay with that practice what you already answered that. so would you agree that senior officials ar

mr. issa from james cole. in it, he says i stress that the department remains willing to work toward a mutually satisfactory resolution of this matter. so why can't we work together? and i would like to publicly tank o. mr. mica, chairman mike mica really for working across the aisle on the transportation bill and hopefully we can move forward in a bipartisan way, and i think we should work across the aisle on getting this resolved in a way that satisfies the chairman and the members on both sides of the aisle and the fact that he has made an offer to continue discussion we should follow up and i think this offer reinforces the point that my good friend the congressman norton was making that the justice department is open to working towards some type of conclusion. i would like to say, we have never ventured a cabinet officer into the government reform and oversight committee. i think -- or had a contempt of faux. i think there was one on the epa officials. you can probably remember but never a cabinet officer

mr. attorney general. james cole, deputy attorney general, has written that the department has agreed out obligation than just checking the legal sufficiency and approving wiretap application. he thinks that applications also have to comply with doj policy. is that correct? >> applications have to agree with doj policy? >> that's what he said. >> sure. >> during a transcribed interview, deputy attorney general testified that senior officials approving the wiretap applications do not read the wiretap applications. is this practice acceptable to you? >> summaries of the applications -- that is a process that has been used by this administration and all previous administrations. it is the way in which the office of enforcement -- >> are you aware that federal judges, to your knowledge. >> can i answer your question? >> know, -- would you agree, senior officials are responsible for documents they signed? i would assume the answer is yes, let me ask you the question. jason weinstein, is he responsible for what is in these

cole, what is a provost? >> guest: well, it is different is that the universities. at columbia was mr. inside as opposed to outside. and i basically ran all the programs come all the deans, vice presidents of the various schools. i reported to me. i also had substantial control over the budget here. i was running the internal operations of the university. i was in charge of the tenure system. i heard of her 700 cases and is a great friend come a great learning experience because i promised myself i would read whatever i was able to understand and get illiberal education through doing that. so the president was concentrating a great deal on the outside of the university, particularly fundraising and publicity and legislation in congress or in the state legislature. no extraordinarily important decisions are made without his approval of course, but i was basically running the inside. >> host: what you do not university? >> guest: i went back to my first love, teaching and doing research. trustees are kind enough to make the university professor, which means you can teach at any school th

mr. issa from james cole, in it he says i stress that the department remains willing to work toward a mutually satisfactory resolution of this matter. so why can't we work together? and i would like to publicly thank mr. mica, chairman mica, really for working across the aisle on the transportation bill. and hopefully this can move forward in a bipartisan way. i think we should work across the aisle on getting this resolved in a way that satisfies the chairman and the members on both sides of the aisle. and the fact that he has made an offer to continue discussions, we should follow up. and i think that this offer reinforces the points that my good friend, the congresswoman norton was making, that the justice department is open to working towards some type of conclusion. and i would like to say, we have never van hollen -- we have never common senseured a government officer. there was some e.p.a. officials. i can't remember. you can probably remember, but never a cabinet officer. and never the highest ranking member of law enforcement for our country. who is willing to work with the chairman.

cole. thank you, mr. chairman. i understand j.p. morgan is lending more money to businesses and i appreciate that. however, your bank lending is not keeping pace with the deposits to are taking in. last year j.p. morgan reported it had $1.10 trillion in deposits. this of course is more deposits than any other bank in the united states. but the other big banks reported loan to deposit ratios that are 10 to% to 20% higher than your bank. it seems like lending to american businesses would be less risky than what was being done in the london office. is your loan to deposit ratio lower than your ppeer banks because you are prioritizing these risky trading activities over lending? can we hope that you are going to focus more on lending in the american market? >> we are making all the good loans weekend. we are a global money-center bank. we have deposits from governments or around the world, from sovereign entities, from large corporations that can be taken out tomorrow. we have to keep liquidity. we have several hundred billion dollars r

mr. jensen could not be here today? >> his daughter got married over the weekend, it was a very large affair. he has taken a well-deserved couple days off. >> any questions? madam secretary, william cole the consent calendar? >> -- will you call the consent calendar? >> item 9, installation on howard, harrison, approved a modification #one for a total contract amount of $986,000. and authorize final payment to the contractor. except work performed by the end jay utility company for local water on harrison street from eighteenth street to cesar chavez. approve modification #to decrease the contract by $37,707. with a total contract duration of 240 consecutive calendar days and authorize final payment to the contractor. approved modifications as needed annual paving contract for services and main breaks. extending the contract duration by 210 consecutive calendar days. authorize the general manager to execute a change order to increase the contract amount by $110,000 for a total contract value of $3,320,770. bayview hunters point rehabilitation and pavement renovation in the amount of $2,535,027 of which over $1.7 million is funded by waste water enterprise. to the lowest qualified resp

mr. chairman. i appreciate all the witnesses' testimony. it's been very educational as always. governor, hats off to your family, as well. i associate with tom cole of oklahoma. i was very proud to be an american last night for how your family acted, how the obama family acted. i hope every american gets to see that tape. i also don't think you're old school. i just think you believe in the plain meaning of the constitution and perhaps that it was one of the greatest documents to prove american exceptionalism. in fact, a unique document and that it's the first time those ideas ever came together in the same time and the same place. i hope we never lose sight of that. i want to focus a little bit on my colleague mr. waxman's comments which i agree with. we have some questions to answer. and that we are at a crossroads for the heart and soul of this nation. i was intrigued by his use of the term rules of the road as if that's what one of the groups around here wants to do. and as if the other group around here simply wants to engage in anarchy. which couldn't be further from the truth. i think we all understand that there's a need for government. a

mr. attorney general. james cole, deputy attorney general, has written that the department has a greater obligation than just checking the legal sufficiency in approving wiretap applications. he thinks that applications also have to comply with the energy policy, is that correct? >> applications have to agree with dj policy? >> that's what he said. >> sure. >> okay. during a transcribed interview, deputy assistant attorney general jason weinstein testified that senior officials approving the wiretap applications do not read the wiretap applications. is this practice acceptable to you? >> they read summaries of the applications. that is a process that has been used by this administration and by all previous administration. it is the way in which the office of enforcement -- >> are you aware that federal judges to your knowledge -- >> cannot answer my question? the question you asked. >> no. you give a sufficient answer considering the amount of questions that i have any amount of time that i had. are you okay with tha

. >> david cole with the committee on national legislation, question for mr. wellstone.nt administration budget was released a number of members of congress said that the money for the national security ministration was inadequate, and said that you were basically walking away from the agreement you made in the new s.t.a.r.t. treaty. someone drank if you can go through with us the thinking on budget you presented, and is this administration living up to its commitments under s.t.a.r.t. treaty? >> i'm just please refer to me as mr. will stall from time to time, david. thank you. david was a great help as were a number of people here on the new s.t.a.r.t. process, so we got to work very closely together. i think it's a very partisan gain that is being played on the administration to you. i unfortunate the criticism by people who know in fact the details but think it's good optics to argue the country. the facts are this. that in the context of new s.t.a.r.t., the president submitted a plan as requested by congress the 1251 plan which said it was our intention to pursue pro