Mission: SFIG and SIFMA submitted a comment letter regarding the liquidity coverage ratio (LCR) proposal on 1/31/14. We met with the banking regulators in early January, which helped inform some of the arguments we made in the comment letter. Now armed with the long list of Mainstreet America companies that would be impacted if the proposed outflow requirements related to SPE commitments were to be implemented, we have scheduled another meeting with the agencies for 6/4. We will focus our discussion on the "look through" approach and the treatment of multi-use commitments. We are also engaged with legislators to convey our concerns and, therefore, have them reach out to regulators as appropriate.