my name is nick pagoulatos, i'm a legislative aide to supervisor mar and am here on his behalf. this ordinance would simply amend sections 703.3, 806.3 and 303 of the planning code to include financial services within the category of uses which are subject to the formula retail controls and require conditional use permit. it's a fairly straightforward ordinance of which simply brings financial services under the same requirements voters approved in 2007 when they passed proposition g. as you're probably aware at this time, banks and other financial institutions do not fall within the definition of formula retail. this legislation brings financial services within the definition making banks, credit unions and savings and loans that have 11 or more branches subject to the conditional use requirement. it is not a ban, and it does give formula retail financial service institutions a chance to move into areas where there is community support for their presence. by the same token, if an area such as hayes valley that has an already existing ban of formula retail uses, then financial s