federal reserve district comprised or includes colorado, kansas, nebraska, oklahoma, wyoming, the northern half of new mexico, and the western third of that state just to the east of kansas. i think it is fair to say that his district includes agriculture, including lives stock, specialty crops as well as by yo fuels and processing. mr. hoenig, it's an honor to have you here. i've had the privilege of meeting with mr. hoenig. he's innative of forted madison, iowa. he resides in the kansas city, received his doctorat from iowa state. he had the role of president in 1991 and serves as chairman of the federal reserve's president committee on regulation, bank supervision and legislation. indeed, it's a tough job. he's the longest serving of the 12 current regional bank presidents and is the longest tenured member of the open market committee which has authority over u.s. monetary policy. now, if you all haven't read it, i would encourage you to thumb through this week's "time" magazine. there's an article entitled the man who said no to easy money. describes further down it describes him as the heretic in the preeshood, a little