oscar surris, director of the wells fargo corporate communications. marilyn gewax, senior business editor and a member of the mpc board of governors. jerry zaremski, buffalo news bureau chief in washington, chairman of the fcc speakers committee, and a past mpc president. skipping over our speaker for a moment, of bloomberg news and the speaker's committee member who organized today's event, thank you so much cassia. anita eloff, director of the wells fargo federal governor's association. emily stevenson, reuters reporter who covers bank regulations. a member of our board of governors. keith hill, editor, writer with bloomberg bna and a former mpc vice president. thank you all. [applause] as the chairman, the chief executive officer of san francisco based wells fargo, john stump runs the world's largest bank by market value. it's also the biggest u.s. mortgage lender, it took about 250 deals to arrive at that point and stump has been advised on more than 100 of them. the $12.7 billion purchase. during the first quarter earnings conference. the wealth