mr. hoenig: we think of it as a traditional bank. londongage primarily in -- in lending and deposit taking. bank that does not engage in trading, does not involve yourself heavily in derivatives, although you can still do for an exchange and some interest rate swaps. if you do not have more than, like, a $3 billion in net derivatives on your books, then you are eligible. come under the regulatory relief if you hold 10% of tangible capital assets. we defined this and we looked and found that 90% of commercial banks would meet this criteria, at least the first three. and two thirds would make the last, in terms of capital requirement. and the remaining one third of those banks could meet this with 200 basis points, at least 8%. which is it a hard myrtle -- which isn't a hard hurdle to meet. ratio.ld have a leverage this is the capital, the ownership capital that you have. and you will not have to do all of these complicated calculations. you would also have more flexibility in some of the mortgage lending. if you write euro books and y