mr. weiland. let me ask mr. weiland that question. at the london traders get the approval of the cio risk managers like you to put on these positions? >> not for individual trades. the traders in london worked within a set of delegated limits. >> so they didn't get approval from you for the positions they were putting on? >> not individual trades. as long as they were working within the limit. >> is that which you call positions? >> that is what i call positions? the individual trades, they didn't get your approval is that correct? >> not one by one, no. >> on january 30, 2012 the cio match with the occ at their standard quarterly meeting to discuss the cio's upcoming plans the cio chief financial officer john wilmont represented the meeting with the occ. ms. drew take a look if you would at exhibit number 58. exhibit 58 is the occ summary of that january 30 meeting and with interviews both as occ examiner attended the meeting and wrote the summary and mr. wilmont who attended confirmed to the subcommittee that the notes were accurate

mr. weiland, do you know the answer to those questions? >> i don't. >> do you know why those reports were not sent? >> no, i do not know. >> who is in charge of sending them? >> i don't know the people responsible to sending the reports to the regulators. my understanding that is part of the finance function. >> ok. maybe we can find out later from ur next witnesses. so we can find out why the reports were not sent during those critical months. ? ke a look at this, would you this is an e-mail dated march 2, 2012, it was sent to you by one of the quantitive an any facts at the bank. it is talking about c.i.o., c.r.m. results. the o.c.c. requires all national banks to use this risk measure to calculate how much money could be lost in a year in the worst case scenario. it wasn't a requirement in 2012 but it was about to become a requirement in anticipation of that, when this e-mail was written jpmorgan chase already began requiring its offices to start calculating its risk measurements. that was in part, because the o.c.c. and now does requir

mr. weiland that question. did they get the approval to put on these positions?>> not for individual traits for the traders in london worked with another set of delegator's. >> so they did not get approval from you for the positions they were putting on? >> not individual traits. as long as they were working. >> is that what you call positions? >> yes, -- >> they didn't get your approval, is that correct? >> not one by one. >> on january 30, 2012, the cio with the occ other standard quarterly meeting to discuss the cio is upcoming plan. there was a meeting with the occ. take a look, if you would, at exhibit at be. >> it is the occ summary of the january 30 meeting. the interviewer who attended the meeting and wrote the summary, and mr. welner, who attended, they confirmed to the subcommittee that the notes were accurate. about two thirds down the page, exhibit 58. the occ reports that it was told by jpmorgan that the book primarily of the synthetic portfolio. it is decreasing in size in 2012 and is expected that it will decrease from 70 million to $40 million. so