i yield back. >> thank you, mr. frank. >> yes, previous speaker talked about fanny and freddy and started to say, i'd like to listen to the tape, he didn't finish the sentence. we're no further than we were before. the gentleman is the chairman of the subcommittee ha is over fanny made and freddie mac, when the gentleman laments the problems as continuing, he is i guess confessing his inability to do anything about it. in fact when we were in power, we did exceed to the wishes of the bush administration to put them in a conservetorship. nothing has happened. i yield back. >> i think the point has been made that taxpayers didn't lose any money. the shareholders lost $23 billion in market value. my colleague from new jersey pointed out that today the taxpayers will go $3.6 million in the hole. i think the two items i want to focus on in this hearing, the regulatory issue, where we had em bedded regulators in this industry and we didn't seem to catch this issue. it's a point that i've been trying to make on a number of heari

mr. franks is recognized for questions. >> thank you, mr. chairman. thank you, gentlemen. mr. holder on april 27th, 2011, members of this committee asked us to give you information surrounding informs to forego prosecution in the holy land foundation case. this is the largest terrorism finance case in u.s. history. you refused to comply with this request and you have still not produced, you're still not prosecuted despite their being what many consider to be a mountain of evidence against the jihadist groups at least one of which that says it's working inside your agency to purge the counterterrorism training materials. we're told that this mountain of evidence that outlines the jihadist network outside the united states amounts to 80 bankers boxes full of documents. this evidence was turned over to the court and much of it was given to the jihadist defense lawyers. members of this committee and other committees would like to review this evidence. whether it has to be on classified basis or not. would you commit today to give us and provide us with those documents which compri

we had a hearing in september of 2009 where mr. frank was chairman, and mr. frank made a decision not to swear in any of the ceos of the banks about what had gone on in september of 2009. i am following the protocol of the committee. if you want to continue to say he ought to be sworn in, that's fine. >> i wasn't saying that, mr. chairman. i was not criticizing you. if i can't get to the end of the sentence -- >> i'm saying the ranking member has said i'm doing something unusual here. what i'm doing is following the standard policy. >> excuse me, mr. chairman. i didn't say you were doing anything. >> i took it as saying -- >> i made no comment. >> i'm sorry. i guess that's right. i think it was mr. lynch. >> not everybody from boston talks the same. >> this is normal standard operating -- >> i do want to take exception. i made no comment on the swearing in. let me just -- if i could, just another 30 seconds. i am gratified that you are following my precedent. i will have, by tomorrow, another list of precedents you can also follow and we'd all benefit. >> well

we had a hearing in september of 2009 where mr. frank was chairman and mr. decision not to swear in any of the ceos of the banks about what had gone on in september of 2009. i am following the protocol of the committee. if you want to continue to say he ought to be sworn in, that's fine. >> i wasn't saying that, mr. chairman. i was not criticizing you. if i can't get to the end of the sentence -- >> i am saying the ranking member said i am doing something unusual here. what i am doing is following the standard policy. >> excuse me, mr. chairman, i didn't say you were doing unusual. >> i took it. >> i made no comment. >> i think it was mr. lynch. >> not everybody in boston talks the same. >> this is normal, standard operating -- >> i do want to take exception. i made no comment on the swearing in. if i could, just another 30 seconds. i am gratified you are following my precedent. i will have by tomorrow another list of precedents you can also follow and we would all benefit. >> don't get any any rush to give it to me. >> mr. dimon, had you been sworn in you w

let me say somewhere in dodd frank there is a prohibition against them striking the earth. mr. maloney? >> thank you. i would like to welcome mr. dimon who resides in the district i am privileged to represent, and i would like to note that he has been a major employer in a number of different financial institutions before joining j.p. morgan chase. i would like to ask you, mr. dimon, i thought you loved new york, so why are all these jobs and all this activity taking place in london? and i specifically would like to know where were the losses incurred in the london unit? they didn't take place in the northern unit and could they have incurred in new york just as easily? we learned in the prior regulatory panel that a substantial portion of the bank's chief investment offices, activities including its credit derivatives are conducted and that other financial institutions and i certainly understand that we're in a global market and we have to be in global markets and around the world, but what is it about the regulatory regime and the united kingdom that encourages such a large p

mr. chairman. chairman baucus, ranking member frank and members of the committee. i'm preparing to discuss recent losses in a portfolio held by j.p. morgan chase -- mr. chairman, can we get him to pull the mike closer. >> chief investment losses. these losses have generated curveball attention. and while reviewing the facts i will do everything i can to the extent possible. j.p. morgan chase's six lines of business and provide a financial array of small and large businesses, governments and not for profits. >> these include deposit accounts and loans, credit cards, and mortgages and capital market's advice and mutual funds and other investments. let me start by explaining what the chief investment office does. like many banks, we have more deposits than loans. at quarter end, we held approximately $1.1 trillion in deposits and 700 billion in loans. cio along with the treasury unit invests excess cash that includes treasurys, agencies and mortgage-backed securities and corporate debt and other domestic and overseas assets. it also serves as an important vehicle for m

mr. franks, who represents that district. i will say, mr.lva mentioned statements that i would suggest that congress makes laws and congress can remake laws. lawsuits is a scare tactic. they can sue all they want. one of the problems in america today, we have too many lawyers, you can see anybody, anything, any time, anywhere. this is battle about a state and a large group of american natives that reached an agreement. said this -- gosar very clearly. he was there. they reached an agreement. we -- they can cite all the arguments they want but they have to understand when a state is involved under the native ming laws, which i and moe udall sponsored, the state has to be directly involved otherwise we wouldn't have gambling any place in arizona. the state would not have agreed to that if there hadn't been an agreement that there would be no more than wasest tablied in the compact. i think we have to consider the state's belief in this. that does affect the state. probably wouldn't have any gambling at all. this money from those existing five

where mr. frank was charge. and mr. frank made a decision not swear in any of the ceos of the banks about what had gone on in september of 2009. i am following the protocol of the committee. . >> if you want to -- if you want to continue to say he ought to be sworn in, that's fine. >> i'm saying that -- mr. chairman. i was not criticizing you. if i can't get to the . >> i'm saying the ranking member had said i'm doing something unusual here. what i'm doing is following the standard policy . >> mr. chairman, i didn't say you were doing anything. >> i took it as saying. >> i may -- i made no comment. >> i think it was mr. lynch. >> not everybody from boston talks the same. >> that's right. >> mr. chairman, there is normal standard operating procedure. >> i made not comment on the swearing in. >> if i could, another 30 seconds. i'm gratified you follow my request, i will have by tomorrow another list of precedents you can follows and we'd all benefit. >> well, don't get any rush to get it to me. >> mr. diamond, had you been

great friend, the superintendent of the golden gate national parks, please give a warm welcome to mr. frank dean. [applause] >> thank you, janet. thank you, governor, for your remarks about public works and public-service. as superintendent of the golden gate national parks, there can be no more but the place and the namesake of our park, the golden gate. today, we are standing at the very center of a vast urban national park that is connected by the spectacular bridge. i might add, this national park is celebrating its 40th anniversary celebration this year. just as this national park resulted from a surprising vision, so, too, did the bridge. here we have the perfect blend of human achievement and natural splendor or. when the golden gate bridge was proposed, many people questioned whether it could live up to the beauty of the golden gate straight, the natural break that connected san francisco bay to the ocean. we can see today that the natural beauty was not only matched, but enhanced. as stewards of the national park lands that greed and support this bridge, we are honored to be partne

yes. >> but you have lobbied very strongly and answered mr. frank. you do believe the foreign markets should be exempt from the extra territorial regulations that we're proposing here and if this impacted your shareholders here why do you continue to take that position? >> i think i said the overseas operation with the fed and the occ. these things went and collateralized. the reason we're careful about overseas competition, if j.p. morgan operates under a different rule than our foreign competitors we can no longer provide the best product and services to the foreign clients and that's why we're concerned about extra territoriality. if we compete we give our clients which include major u.s. companies better deals. they will go elsewhere if we can't give them the best possible deal no matter how much they like us. >> so you take that position despite the fact that the losses do not stay in london? >> yes. >> and you continue to lobby against for exemptions for the foreign trades. >> lobbying is a constitutional right and we have the right to have our

there will be more than just that. >> mr. frank talked a little bit about smart regulations. we had those five regulators sitting in the seat before year. not one of them really is in charge of the others. they do not court made. they have a lot of questions about the share information -- communication. no questions came up about harmonizing the regulations between europe that passed on march 29 with the u.s. regulations. and there do not appear to be a and lessons learned that are shared with other firms after what you go through to make sure there is real shared knowledge. do you want to comment any more about what smart regulation means to you? >> when dodd-frank was done, one of the things i had was an oversight committee to make sure that the learning is shared. we supported that, but it was set up with no teeth. but someone should tell who is responsible for mortgages and for volcker, as opposed to five people who have jurisdiction. d.c. how long it takes t work it out with foreign regulators -- do you see how long it takes to work out with foreign regulators? clarifyin

there will be all that and more. >> mr. frank talked about smart regulation that you referred to earlier. we had the five regulators sitting in the seat before you. not one of them is in charge of the others. no questions came up about harmonizing the regulations. and there don't appear to be in any lessons learned that are shared with other firms after what you go through to make sure there's real shared knowledge. we kind of supported that but set up with virtually no teeth. you see how complex it gets. how long it takes. how long it takes to work it out with foreign regulators. simplifying it, clarifying it, and giving authority to the right people would be a good thing. >> do you want that talk about the impact on a multifinancial firm like yourself with regulations in europe and regulations here that are not harmonized? >> yeah, we talk about dodd frank, which has 400 rules. we have to a accommodate basil. liquidity, capital, et cetera. the rules come in from brus sells, which is in the uk and others. we're going to deal wit

bryant was chair. -- mr. frank was chair. he made a decision not to swear in any of the ceos of the bank's about what had gone on in september of 2009. i'm following the protocol of the committee. if you want to continue to say that he ought to be sworn in, that is fine. >> i am not saying that. i was not criticizing you. >> i am sanguine the ranking member has said i am doing something unusual. what i am doing is following the standard policy -- >> i did not say you were doing anything wrong. >> i took it as. >> i made no comment. >> this is normal standard operating -- >> mr. chairman, i have made no comment on the swearing in. i am gratified that you are following a precedent, but i will have by tomorrow another president you can also follow -- precedent we can all for. >> do not get any rush to give it to me. >> mr. dimon, had you been sworn in, you would face no legal liability before the comment you made that is erroneous. we are here because we are in touch with mainstream in our district. you put forward the idea that

mr. frank talked a little bit about smart regulation that you referred to earlier. we had the five regulators sitting in the seats before you. not one of them really is in charge of the others. they don't really coordinate a lot of questions about how they share communication. in fact, no questions came up from any of the previous panel about harmonizing the regulations between europe that they passed in march on march 29th with the u.s. regulations and there don't appear to be any lessons learned that are shared with other firms after what you go through to make sure there's real shared knowledge. do you want to comment anymore about what smart regulation means to you? >> when dodd frank was done, one of the things it has was f stock. like an oversight committee to make sure no gaps in the system and the learnings are shared. we supported that. it was set up with virtually no teeth. the legislatures had to change it. someone should tell them who's responsible for mortgages, who's responsible for volcker as opposed to five people in the jurisdiction. you see how com

we had a hearing in september of 2009 where mr. frank was chairman. and mr. frank minute decision not to swear an any of the ceo's of the banks about what had gone on in september of 2009. i am following the protocol of the committee. if you want to concede to say he ought to be sworn in, that is fine. >> i am not saying that. i was not criticizing you. i am saying the ranking member has said i'm doing something unusual. what i'm doing is following the standard policy. >> i did not say that. >> i took it that way. >> i made no comment. >> i guess that is right. i guess it was mr. lynch. >> this is normal, standard procedure. >> i take exception. i have made no comment. i am gratified to your following my precedent. i will have by tomorrow another list of precedents you can also fall and we will all benefit. [laughter] >> do not given any rush to get it to me. [laughter] >> you would face no legal obligation -- obligations for the comment you made. you put forward the idea that there are three and a $50 billion a year given to your chief investment officer beca

there'll be more than that. >> and mr. frank talked about smart regulation you referred to earlier. had those five regulators sitting in the seats before you. not one of them really is in charge of the others, don't really coordinate. there were a lot of questions how they share communication. no questions came up from the previous panel about harmonizing the regulations they passed on europe march 29th with europe regulations and don't appear to be lessons learned with other firms after what you go through to make sure there's real shared knowledge. do you want to comment more about what smart regulation means to you? >> when dodd-frank was done, it had an oversight committee to make sure there's no gaps in the system and learning are shared. we supported that. it was setup with virtually no teeth. the legislators have to change it. someone should tell them who's responsible for mortgages and volcker opposed to five people with jurisdiction. you see how complex it gets, it takes to work it out with foreign regulators. simplifying it. clarifying it. adjudicating disputes will be a g

is mr. frank feenan and his staff and what they've put together to bring this to a success. the officers and agents from the pennsylvania state police and attorney general in this case. they took it personal. they were dedicated to it. for two weeks they have been away from their families and many headed down the highway to reunite with them. i'm proud of them, i'm proud of what they've accomplished and efforts. as a police officer you learn pretty quick that you need courage in order to do this job and that doesn't mean you have fear, it means you to work through your fear and be courageous to do your job. what those eight young people did and courage they showed they're heroes in this investigation. to them, we'll be grateful. thank you. >> i started to hear the question... ] question unintelligible ]. >> we're here today to talk about the jerry sandusky case, that is a case of pending trial. i don't think we're going to talk about that today, we'll save that for another day. >> any other questions? if not, thank you very much. >> i can say that this is an ongoing investig

mr. frank talked a little bit about smart regulation that you referred to earlier. we had the five regulators sitting in the seats before you. not one of them really is in charge of the others. they don't really coordinate a lot of questions about how they share communication. in fact, no questions came up from any of the previous panel about harmonizing the regulations between europe that they passed in march on march 29th with the u.s. regulations and there don't appear to be any lessons learned that are shared with other firms after what you go through to make sure there's real shared knowledge. do you want to comment anymore about what smart regulation means to you? >> when dodd frank was done, one of the things it has was f stock. like an oversight committee to make sure no gaps in the system and the learnings are shared. we supported that. it was set up with virtually no teeth. the legislatures had to change it. someone should tell them who's responsible for mortgages, who's responsible for volcker as opposed to five people in the jurisdiction. you see how com

mr. franks of arizona. the chair will reduce to two minutes the time for any vote after the first vote in the series. the question is on the unfin -- the request for a vote on the amendment offered by mr. grimm. the clerk will redesignate the amendment. the clerk: amendment offered by mr. grimm of new york. the chair: a recorded vote has been requested. those in support of a request for a recorded vote will rise and be counted. a sufficient number having risen, a recorded vote is ordered. members will record their votes by electronic device. this is a 15-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the chair: the yeas are 218 and the nays are 198 and the amendment is adopted. unfinished business is request for a recorded vote on amendment numbe

that was mr. frank fina and his staff and what they put together to bring this to a success. the officers and agents from the pennsylvania state police and the attorney general assigned to this case, they took it personal. they were dedicated to it. for the last two weeks, they have been away from their families and many of them have headed down the highway to reunite with them. i'm proud of them and proud of what they accomplished an proud of their effort. as a police officer, you learn pretty quick that you need courage the do this job. it does not mean that you don't have fear, but you have to work through the fear and be courageous to do that job. i submit to you that what the eight young men did coming into the courthouse and working through their fear and the courage that they showed, they are the heroes of this investigation. and to them, we will eternally be grateful, thank you. >> i am sorry. i didn't hear the question. >> yes. >> what happened at penn state, is this the biggest secret in this state or this country has known covered up -- >> we are here today to talk

is mr. frank feenan and his staff and what they'v

mr. franks. mr. quigley is recognized. >> thank you, mr. chairman. server, as you know it's hard to minimize or diminish the tragedy of the horribly ill-conceived program for there is loss of life of an agent engaged in others. and as you agree, be continued their independent investigation. justice must be done. corrections must be made and i believe have been made. with greatest respect i would say today that i believe the effort here has become politically motivated an attempt to embarrass the frustration. and that diminishes the process. the operative phrase that comes to mind the backwardness has been used to pay no attention to the man behind the curtain. mr. attorney general, welcome to oz. pay no attention to the fact that this process began under previous administration. pay no attention the agencies lack sufficient resources. pay no attention ahead of the atf has been allowed to be appointed. pay no attention the last are inadequate to protect agents in citizen on both sides of the order and more specifically that in arizona and a citizen to

belief among most everyone on the committee that there needs to be some alterations in the dodd/frank and my hope, mr. chairman, is that we will take the opportunity to modify through the legislative process, provisions of dodd/frank that we think that are objectionable or impr improperly worded or need an alteration based upon the hear hings that the of over a long period of time that we have had on this topic. i have always been concerned that any time legislation is propose proposed that alters the provisions of dodd/frank the allegation is that the person, the senator, the legislator who wants to make changes is defending big bank, doesn't care about the consumer, but i cannot imagine a circumstance in which the, there is not legitimate needs that need to be addressed that are concerns for everyone on this committee in different areas, different issues, but i think that just, we need to make certain that the oversight hearings become more than oversight hearing, and that there is a legislative response in which we treat each other with great respect and not with the political allegations that wer

mr. chairman. chairman bachus ranking member frank and members of the committee, thank you for the opportunity to testify this morning on behalf of the federal deposit insurance corporation. >> mr. chairman can you have them pull them i closer? >> bank supervision and risk management as a concerns -- state poll it real close to you. don't lean over. pullet so close that you don't have to lean over. >> as a concerns in recent trading losses of jpmorgan chase. jpmorgan chase revealed certain risks with large complex financial institutions. they also highlighted the significance of effective risk controls and governance at these institutions. before fdic insured subsidiaries in the jpmorgan chase firm that $2 trillion in assets and $842 billion in domestic deposits. as the deposit insurer and backup supervisor of jpmorgan chase, the fdic staff works through the primary federal regulators, the control of the currency and the federal reserve system to obtain information necessary to monitor the risk within the institution. the fdic maintains an outside presence at the firm which currently consists of a perman

mr. franks is recognized for questions. >> thank you, mr. chairman. thank you, general. mr. holder, on april 27, 2011, members of this committee as you to give us information surrounding a decision by justice to forgo prosecution of the unindicted co-conspirators in the whole land foundation case. this is the largest terrorist finance case of course in u.s. history. you refused to comply with his request and you have still not produced, or are you still not prosecuted this despite there being what many consider to be a mountain of evidence against these jihadists groups to at least one of which now says it is working inside the agency to help advise on the purge of counterterrorism training micheel. we are told that this none of evidence which outlines the jihadists network within the united states amounts to 80 bankers boxes, full of documents. this evidence was turned over to the cord, and much of it was giving to the jihadists defense lawyers. members of this committee and other committees would like to review this evidence. what it has to be on a classified basis or not.

mr. chairman. chairman baucus, ranking member frank and members of the committee, i'm appearing today to discuss recent losses in a portfolio held by jpmorgan ch e chase -- >> could we get him to pull the mike closer. >> reporter: chief investment office. we are still reviewing the facts and i will explain everything i can to the extent possible. the six lines of business provide array of services. these include deposit accounts, loans, credit cards, mortgages, capital market advice, mutual funds and other investments. let me start by explaining what the chief investment offi

frank? >> i think it will improve. >> being implemented. mr. curry? >> as mentioned think, w eed th complex investment. it would have been very helpful if there were market or other data available that would highlight this concentration to us as a regulator so to the extent dodd-frank act does provide that, or that there is other readily available market information that we could utilize it would be very helpful. >> and the fact they have to report and justify this. sdp that tend to be prophylactic or do they still have to do that within the bank anyway so it doesn't make a difference if they send the report to you? >> the reporting would be very helpful and that's one of the issues whether there was add kwasy of reporting and whether that reporting was available to the occ and the federal reserve examiners. >> my time's expired. anyone else care to comment? okay. thank you, mr. chairman. >> thank you. senator shelby has additional questions. >> thank you. governor tarullo, in your testimony, you stay, and i'll quote, and i want to be like senator too

frank. >> thank you, mr. chairman. >> thank you. >> thank you, mr. chairman. mr. curry, the bloomberg article came out on april 6th. when did you have knowledge that there was a problem with this portfolio? >> the size and complexity of the portfolio as jpmorgan chase became clear to us at that point in time. after that, we began to ramp up our discussions with bank management and our presence. >> what day would that have been? >> i believe it is around the 9th when i assumed office. >> april 9th you were having extensive conversations with management about this position? >> that's when we became aware of the potential significance of the situation. >> do you have recollection of when your agency began to have some concern about this issue? >> it would have been around that same time when the articles began to appear. again, because this was not in the broker dealer, we wouldn't have had people focused particularly on that. >> again, when the articles about the london whales started to run, we do oversee and see daily the risk in the clearinghouse and they have so

but ironically as frank mr. linn is writing about the queer lot of people, the man who is quite unintentionally made homosexuality illegal in england, was also writing his last letter. the most famous journalist in the world. the man who really invented investigative journalism. in one of his last letters, which is also scribbling away to meet a deadline describes the titanic has a splendid monstrous floating babylon. everybody at the time knew what avalon meant. it was a biblical reference to a city of sin and wickedness. so whatever he meant by the titanic being sinful and wicked, we don't know. but it also invokes instead the most famous campaign. in 1885, in reforming the criminal law amendment act to raise the age of consent to get rid of underage prostitution, which was epidemic in london, in london for millions and millions of prostitutes, he set out on a journalistic campaign that he called the maiden tribute of modern babylon. he hired salvation army girls to pose as prostitutes, you know. and he bought

found a couple of lobbyists in the room as well and the one thing that stood out was that barney frank asked mrmon about his call back. in the same testimony last week, he had said that it would extend to people in london and elsewhere. so today, ranking member frank said what about you and jamie's response was the board decides by comp. a, he sits on the board. b, the comp committee decides his comp and c, doesn't that go straight to -- and by the way, that's the way it's done pretty much everywhere and doesn't this go straight to the point something you and i have worked on in the past. boards are nothing more than just country clubs and they just rubber stamp everything. boards have to take better responsibility and do their jobs. >> and were never held to account for the risk management in 2008. >> guess what? >> so, we know we have the reality gap here. which is -- >> although there was something that the house members learned. they learned from the house members last week that they got grilled for being too nice to dimon, so they learned they had to put on a show. and then the other teach

mr. chairman. chairman baucus, ranking member frank and members of the committee, i'm appearing today to discuss recent losses in a portfolio held by jpmorgan ch e chase -- >> could we get him to pull the mike closer. >> reporter: chief investment office. we are still reviewing the facts and i will explain everything i can to the extent possible. the six lines of business provide array of services. these include deposit accounts, loans, credit cards, mortgages, capital market advice, mutual funds and other investments. let me start by explaining what the chief investment office does. like many banks, we have more deposits than loans. at quarter end, we held approximately 1.1 trillion in deposits and 700 billion in loans. cio along with the treasury unit invest excess cash in a portfolio that includes treasuries, agencies, mortgage backed securities, high quality securities, corporate debt and other domestic and overseas assets. it also serves as an important vehicle for managing assets and liabilities of the consolidated company. in short, the bulk of ceo's responsibility is to manage $350 billion port

mr. frank and the chair of the housing subcommittee, which, there, the ranking member of the housing subcommittee there, also opposes i think for roughly the reason that i have articulated here. so, the gentleman is trying to stop the process -- mr. garrett: will the gentleman yield on that? mr. olver: yes. mr. garrett: that's just my point. i'm not trying to stop any process. what i'm trying to do is prevent this administration from doing an end run on the process. you set up the record almost completely straight. there were court cases on this. it was going to the supreme court, there was about to be heard in the -- go to the supreme court and heard in the supreme court and then this administration put pressure on the city that was involved in it to stop it. and they withdrew the case. we would have had the decision by the supreme court in that matter but the administration basically said no but a they -- because they wanted to go ahead with their actions here without interference of the supr

the security council in a few hours but what was clear through the words spoken by mr non he said that he must be frank that the plan that he put together the six point peace plan that calls for many things most important the ceasefire is not being implemented mr anon said that the crisis in syria is escalating the violence is getting worse the country's becoming more polarized and more radicalized he said when he met with president assad a week ago he had urged for for the leader to to to be responsible for the commitments he made to the six point peace plan and he said ultimately what happens in syria according to mr anon he said whether that he said the violence is coming from both sides the ultimately the government is responsibility is responsible to protect its own people so mr anon said that the international community must act very swiftly before the circumstance in syria gets any worse he also said as i mentioned unilateral action or intervention into syria without a consensus would not be a success and of course he will be elaborating on that when he speaks of the members of the security coun