mr. dr. meltzer and talk about the latin american crisis where the federaleserve went to the imf and instructed the imf to pay interest to those banks that were exposed. and, of course, that was without congressional permission and i think it makes a point -- one of the points that i've been trying to me and that is transparency of the federal reserve. now, it sounded to me like the majority here is for independence, which is a code word for secrecy and in opposition to transparency. and it's always used for the public interest. of cour, i think the public interest is served by exposure and knowing what's going on and whose interests are being served and that's why i would like to see a lot more transparen. the question i have for dr. meltzer, since he's aware of this, he's published this, is this a good reason for us to know a lot more about the agreements that the federal reserve makes because they can make agreements with international banking institutions and we have no right -- we may have a rig