my name is tony carfang and i'm a partner with treasury strategies. we are a leading consulting firm in the area of treasury and cash management. we help corporate treasurers day in and day out manage their risk, raise their capital, fund their accounts and meet their payrolls. we also work with financial institutions, large and small, in fact around the globe, who provide services to businesses to make productive use of their capital. i'd like to leave you with four messages today. number one is that the u.s. economy is the most capital efficient in the world. none comes close. i'll share with you some statistics in a second. but i want to say that this is a delicate balance, and we need to make sure, as we move to the next generation of financial services we don't destroy the capital efficiency that we've worked two centuries to achieve. number two is that the u.s. financial system is a very delicate mosaic of banks, money market funds, securities firms, institutions large and small serving corporations large and small who have needs that in some ca