Transcripts For SFGTV Bank On Panel 102715 20151110

Allowing you go i us to dont even more while were economic successful city i want to say congratulations again to friend of mine jokes who is been a champion and Financial Literacy his own professional life i remember in those years when i was a Zoning Administrator i was introduced and jose was out there with carmen chu and others on the west side talking to High School Students about Financial Literacy asked me to recall the first time i had my own bank account. And i say ive been trying to think about the old days no seattle i think that was bank of america a different name at the time but, yeah and i was kind of excited to establish an account that meant i was feeling more independent i was in charge ever myself and be able to put money into any account and have my job put money into that account and watch it grow and becoming a Young College student didnt have a lot but it did make we feel secure even and certainly independent i certainly know that is a similar feeling for all the famed were trying to help in the bay area you know i gave him by saying that were in an astonishing time in the city and as as you may know ive been focused on the economic strength of our city not just for our own accounts but the accounts of thousands of people that want to be more successful in the city. And, yes we are at the lowest Unemployment Rate 2 percent unemployment that means a lot of people have jobs but it also medians we can then Pay Attention to once you have a job how to be more financially successful and as we drive this economy and evidenced in our own house our own budget weve been very responsible with publics money weve been making sure we have reserve accounted and accounts for those unannounced ventures, if you will, champions when the economy goes down or something happens thats what we need to do is pressing prepare particularly our low income families and immigrant and Minority Community for the same thing do not subject yourself to the financial chimneys if you will, and ask a lot of Financial Advice from this this panel but the what the best investments are but to make sure your own finltdz are in order were doing a lot of things not just say saving money youll be successful our city has raised the minimum wage the highest in the nation made our transportation Public Transportation networked affordable free to low income youth free toe people with disabilities and seniors creating homes at record levels not seen before and targeting our Public School teachers and workforce to create housing our madam clerk, any announcements . Families for more Affordable Housing weve made record investments to support our homeless residents are health care and housing and nationally recognized programs our homeless deserve to make sure our particularly low income youth have access to universal preschooler, jobs to our youth and plus program weve made record investments with our own Public School system all and all to say were not just did not an individual rocket but hell e helping to incur people are successful in a urban setting ensue the same story all around the countrys thats why i want to say thank you to treasurer Jose Cisneros because in his leadership hes be able to bring the Financial Literacy to the forefront of our discussions and in particular something ive been most proud 6 is our own city joining other cities to create the very first kindergarten to college accounts i think the more we talk about it the more we marvel at the program now there is more cities across the city adopting this because of not only education but also of the future vision that we have for our families and then today, were lucky to be the first city in the nation to sign seen on to bank on National Account standards and this is something that will go into detail but basically it is providing our residents access to the Banking System and making sure that they enjoy the standards that provide lowcost and low fee transaction capabilities and no Overdraft Fees and access to online bill paying jose that is something i have to learn a because im much more comfortable writing my own checks if i looked at the fees there might be so savings my daughters can teach me how to do Online Banking they do that well, i want to say thank you, again weve began bank on sf as an alternative to the high numbers of Cash Checking centers that appeared all over the city and the most visible that had been mid market it was mart of the whole host of things i didnt like seeing more years when i was the deserve and running for this office i saw every third storefront vacant and cash centers that seemed to attract a lot of people yet not realize the tremendous monuments of fee to cash their checks from in their work over and over welfare checks we offered alternated in the place of that and in working with all of our Financial Institutions with our with our Community Groups that are been valuable because as stakeholder theyve talked to many families and interacted in between the Financial Institutions and offices government to see what else we know do to create more responsible accounts we come up with that bank on National Accounts standard were again as a city im proud of leading this effort that means that for these low fee Financial Products available today beginning with 4 National Banks theyre going to be available for over 11 matches in the states that doesnt include the new local and regional Financial Institutions that will be rapturing in this and being part of this network of an emancipation proclamation precedent banking access for the low income and minority immigrant communities access to financial tools like bank on sf and National Standards is a innovation im proud that i know that as someone who used to focus on organizing tenants in chinatown i know that this will be just as important as to organize people around their Financial Literacy because i think that is in many cases the new Civil Rights Movement of empowerment that is the beginning we have to do more and share with our 9 billion budget contracts local women owned businesses and make sure there is a network for people to get hired in those local jobs so that the robustness of our city is felt by all the communities that means we have to work aggressively on Affordable Housing and means we have to end discretionary problems whether community or social nature or education weve got to do even more having National Standards of banking allows people to have that simplicity of definition and the building up of their confidence im very proud of this and the leadership of treasurers cisneros for the city and at this moment thank the Financial Institutions that helped to create along with our city financial of Imprisonment Fund and Community Organizations, citibank and chase and wells fargo and bank of america all Work Together with our city and boggling bank on sf and banking to create those products for everyone and with that, id like to introduce jonathan minutes the ceo of cities for Financial Empowerment fund he has an exciting announcement by my partner as i approach all the mayors across the country to say lets do it for everyone and make sure our cities are welcoming not only the challenge but a partnership with our low income families and our all of our families to make sure their even more successful jonathan clapping. i briefly photo of r though the thought of one of those dick vandyke things thats to the audience my age by way of thank you, mayor ed lee i appreciate our remarks and i want to thank treasurer is a norz for host us in San Francisco city hall i want to thank many of our national and local partners here particularly Jp Morgan Chase and cities bob and bank of america angie and other partners well talk about in a few minutes to join us and our Bank Advisors board from union bank and others from the called Reinvestment Coalition and a thank you to chairman martin black and blue beggar and his colleagues those tests in the corner and their work with the community for the economic inclusion thats a longstanding commitment in my life ive heard this 450 thousands times literally true i never misuse the word this wouldnt be possible one by one without hard work of these people im jonathan minutes the guy that getdz gets to lead the Empowerment Fund and joined. I the principal eric who got us here and katie platt that makes everything we do come to life at the city for Empowerment Fund two principles that guide our focus and funding first consumer Financial Empowerment is so fundamentally important both to families and to their communities as youve heard interest the mayor the government really can no longer afford to leave this issue to Nonprofit Community segment to shoulder loan but must elevate it as a core part of municipal programs and policies second the local government it tangible high quality and largescale success when it comps to counseling and banking access, savings access and Consumer Protection banking access is a concern what were doing really must be a solution when tens of millions of people can least afford to spending billions of of dollars to do what people in this room do for free paying the bills with a stroke of a pen or a escape percipient witness of a card or like mayor ed lee paling bills online depositing our income and saekz it for free and even creating regular and free savings transfers but destabilizing the second class people outside the mainstream has been that he attention working in the anti poverty trenches but 10 years ago local government joined 50 coalitions guided particularly by San Francisco and treasurer cisneros leadership launched programs to work across the city on some estimates helping to connect happy a half a Million People i want to underscore what treasurer ssi next years Lunar New Year leadership to this together with the office of Financial Empowerment the treasurer is the touchstone of this movement in towns and cities and regions and states across the city through his signature urging and that vast experience this fund took the National Approach bank on lead by local government and the president of the United States anothers rooevenlg and state levels share two key characteristics they believe that banking access is critical and to make progress it takes the joint effort among community and Financial Institutions all committed to the cause today, the k f e fund it proud to mountains two major tools to is a assist in the local efforts first leasing the bank on movements new national nthd standards for 20152016 these very specific standards core requirement and key recommendation ill say more in a moment those were forged over many months working with our National Advisor board and consumer advocates and regulated partners and Financial Institutions. Second today, were opposing o opening the National Bank on account with the k f furnld Jp Morgan Chase and naomi were inviting coalitions from across the city to political for grants up to 10,000 to assist in their local efforts together with the bank on innovation pilot programs across the city we believe that those resources and what we can Learn Together about help to energize and strengthen what is happening on the ground where the work is coalitions can apply as of this morning and the t f e fund. Org slash bank a few words on the account standards you have in our folders in front of you in cowling for lowcost and no overdraft but at the same time the critical functionality of making purposes and paying bills those standards offer local coalitions a high bar starting point for their priorities and partnerships at the same time those standards which we plan probation officer update bio annually are egg realistic ill thrilled to say 3 National Banks offer products that meet those standards Jp Morgan Chase liquid account and bank of america save balance banking account fit the bill together that means that accounts meeting high Nationals Bank on standards are now available in at least then thousand 8 hundred and 99 branches across 41 d. C. Im grateful to wells fargo is committed to expanding their card to meet the National Standards and make them valuable across thorough 62 branches naiths by june 2016 a quick hand for the banking partners clapping. and for me just im kidding laughter later when im done i will expect Something Bank on coalitions will identify other local and Regional Bank and considered Union Partners meeting the standards or start what we hope is a serious conversation occurring urging and assisting those partners together not just because hes here today, i literally do not think this wouldnt have happened i want to thank chairman of the Martin Luther and his Extraordinary Team the fdic survey of the unbanking and under bank and their pilot in 2011, 2012 set the stage for the opportunity and assess that brings us here today their pilot was, of course, the starting point for the cf e 20152016 standards and i cant thank the chairman enough for his leadership and inspiration clapping. that having said that, please stay seated well hear from the chairman and this panel led by the Jose Cisneros with the banking partners im triefrld joining us on the panel our San Francisco bank on coalition selfhelp credit union and Missions Fund and the Investment Coalition San Francisco as the mayor said the first city to embrace those National Bank on standards and those leaders well be talking about why that matters to them and San Francisco i look forward to the panel and, of course, to all the hard work ahead and with the coalition to connect people that is appropriate and available accounts thank you very much im happy to turn it over to chairman blue beggar clapping. morning everybody im and joining thank you. Your a piece of work laughter let me begin if i may by thanking mayor ed lee and treasurer cisneros and jonathan really for their leadership in organizing this event today me this really is if i may say an important and a very griffin day the fdic as jonathan mentioned working for sometime on this issue of people country who are unbanked or under banked and lack access to mainstream Financial Services and the Economic Opportunities starting in 2009 the fdic entered into a partnership with the ken sews bureaucracy so that now every two years the lee and the Census Bureau do a survey of people unbanked and under banked in the u. S. We have reliable date day on the regional and state by state in the metropolitan to begin to get a handle both on the dimensions of the issue and ways we can Ferry Building respond to it and you know in the most recent survey the finding were clear there are nearly 8 percent of household in the United States which have not account relationship with the federal insured Financial Institution and another 20 percent which some member of the household may have a relationship but theyre still utilizing high cost nonbank Financial Service provider so taken together the fdic Census Survey found about 28 percent of household in the United States are either unbanked or under banked for low income households that is over 40 percent for hispanic household and households with the person people with disabilities that is over 45 percent africanamerican household that is over 50 percent so this is really a substantial issue that impacts millions of families across the United States and working off the finding of the survey we at the fdic try to think about how to come up with a response that will begin to make an impact on the issue and the finding of that survey were revealing you know the survey asked the question why dont people why not you have an account with an insured Financial Institution and the response were not surprisingly but enlighten they said we dont have enough money to have an account but the costs of maintaining an account the minimum balance and the fees that go with the account so in response to those finding utilizing an are Advisory Committee on which Jose Cisneros is a member we developed what we call a model safe account template a set of features we thought taken together would provide a meaningful account relationship with an insured Financial Institution with low minimum balance and low fees and no Overdraft Fees at a cost that would be accessible for families in the United States that dont have adequate access to the mainstream Financial System that was encouraging to us that a number of major Financial Institutions around the country some of whom are presented here today actually developed and started offering accounts of consistent with the model safe accounts template ill tell you frankly that the announcement today by the citys for Financial Empowerment and Banking Movement of a set of National Account standards that are consistent with the template we worked on to me is an Inflection Point a Pivotal Moment we can take the work weve done and really expand on it and make an impact as we have from my standpoint the basic infrastructure to thank 24 to the next level a standard for an account that we think works and is responsive to the needs of those who are unbanked and under banked and major Financial Institution actually offering accounts in a wildly available array across the city and now with the bank on movements we really have a mechanism to translate that availability into action and actually bring the people into the mainstream Financial System and give them the connective opportunities to go along with that, i really am at the point the mayor made i want to underscore the importance the partnerships 3 underlie the bank on movement bringing together the Financial Institutions the Community Organizations is local government leader by the mayors and really is a way to take to build on the work thats been done and really make those accounts available and get them taken up and utilized by millions of more people in this country i know really can contribute in a meaningful way to their wellbeing from my stand point i wanted to underscore all of that and express the fdics strong support and gratitude for the work that been done and express our commitment and support it of these efforts and i come away with the feeling weve done a lot but really have a lot more work to do thank you very much clapping. thank you, chairman groom berg great to have. And Jose Cisneros San Francisco treasurer i want to recognize mayor ed lee and personally thank you for all the support youve given me and my office enabling us to do this kind of work im proud to partner but and develop programs like bank on San Francisco and many more to come ill talk about today. What i say about my friend jonathan i visualizing only one of you one of a kind a great partner and great fun to do this work tons of fun. You know when we launched bank on San Francisco 9 years in 2006 the First Program of its kind in the country clearly an important step in addressing the problems of unbanked and under banked families and individuals in San Francisco and we have been able to do great work continuing to this day i am i i want to share a story a fellow by this time of peter that moved to San Francisco to take advantage of the job math but things didnt work out he was homeless and jobless at the got connected to a San Francisco great project call homeless connect run by the Human Rights Agency and got him connected to a job but the new employer said he needed direct deposit he went back to the folks and they directed i am had the program we set up to a safe account at the northeast federal credit union hes pled has a place to live and is on his way to Financial Stability in San Francisco through the bank on program we have tens of thousands of people like peter opposing opening a safe affordable account weve done that learning the capacity and voice and the work of our City Government in a way to support the financial k3wr6r789 and develop the project sponsors with our own city agencies and local institutions and Community Groups and nonprofits that are doing so much of the important work here and as were here to celebrate weve alleged barriers resulting in changes in the Bank Policies with save accounts in San Francisco i am so impressed and excited about the fact we have 4 National Banks that committed to marking and support to meet those new National Standards but, of course, my primary focus on San Francisco im excited to have you hear from the Credit Unions and banks that are represented here today because we know our work is far from done here in San Francisco still to this day low income individuals struggle to make ends meet to afford a place to live thats why it is very critical were removing as many barriers as possible for people to be successful ill continue to make sure that account can be opened for people that have maybe a history in Check Systems other than document for our case and mayor pa we continue to allow individuals to open up an account with an alternative id like a counselor card or other city cards but was the most safest accounts well need to work taught together to make sure we connecting with the people that need them ambassador a lot of that work is going on in San Francisco i want to recognize San Francisco federal credit union and just this last summer they worked with the Summer Youth Jobs Program and opposed merely one thousand account because connecting youth to budgeting when necessary get theyre first paycheck is a huge win we want to make sure we deliver and similarly our office of empowerment with the Mayors Office and other agencies have become our own local smart money coaching project that is based on the work in new york city years ago our coaches will be integrating with the programs for housing and Employment Services theyre at work in 4 different locations around the city and many more will think opposed before the end of the year our only Credit Council folks here in San Francisco were excited they can join us today, we know those coaches will turn those folks into their bank on account for thinking banked clients and in San Francisco well continue to work with our own Financial Institutions to find out what is best right here in the community of that means asking for more than in the National Standards well take time to Work Together and we want to make sure we grow and maintain a Strong Coalition partnerships im excited about what we have ahead of us here in San Francisco each year excited about the relaunch were working one of the own bank on program and im excited that today fwirp able to host this announcement and share with the rest of the country the prelims in San Francisco with the work of so many colleagues and partners with us with that, id like to have you recognize the folks well hear from them in a moment lets give them a round of applause. First to Jose Cisneros from the mission sf fund jose when we started our work a few years ago in the local match to the tax credit we soon realized many of the folks we are. Send out our checks two were having to take the checks to a check came backer they were unbanked working with new america and the Federal Reserve we identified 50 thousand households in San Francisco were unbanked in 2005 and worked with folks therefore to create the bank on movement jose from our prospective at the Mission Asset fund how has it effected our clients and over reaction to those National Standards here in San Francisco. First of all, thank you so much for doing all your work and most for 23450i69 me to the panel with it is a pleasure to be part of the conversation on bank on and more broadly to hope people build their Financial Security you know just to your question the bank on work and the products have been a tremendous impact tour our clients it is without saying we understanding what it means Checking Account i know do our work but i think that bank on work has actually had a broader peck to the feel the financial capacities i want to talk about that when we are started the Mission Asset in 2008, a year or two years after the bank on work in San Francisco actually, we sort of you can kind of stood open our shoulders of innovation and because the way i saw it bank on work we there was a conventional wisdom at the time all people needed was for Financial Literacy work to do other Financial Literacy class and brochures how to balance our check books back then we thought was the way and method of helping people in security through our work you actually showed that was not the case that was a necessary first step but not sufficient we needed more through the work of bank on highlighted that products are important that we need a safe responsible and you know adequate product so people can agree reject in the Financial System we took that lesson in 2008, yeah, that is true and very important and as a nonprofit we wanted to address kind of build on this that is what when we created the circles to build the Credit Scores that is another product another thing they needed to unlock their economic potential we have one client i wanted to offer up the story it is amazing everyone i tell her story i get teared up i want to share her story we had a client she lived in chicago and left an abusive relationship to San Francisco to start a new life not necessarily to work in a tech city but wanted a new life and fresh but she came and officially homeless for a while living in an crowded apartment and sleeping in the hallways with her children and all she wanted to do was live in an apartment that was without the credit score no landlord would rent she had the barrier we worked with her and got her to get a Checking Account to be in the program and slowly but surely they developed they are financial escalation she has her own Apartment Living with her kids im sure you appreciate 3 her two children are part of kids through kindergarten to college a little as well so we were able to provide the education and management and coaching, if you will, we were able to identify and share the different set of products so she can live out and start a new life in San Francisco shes doing great and her kids a combination of all products that were important to give her an honest shot of starting her life the answer to our question absolutely we need more of that and Checking Account is a great start to continue to look at other products so we can give people the tools to unlock the Economic Opportunities. Thank you very much jose and thank you for sharing the context what we are dealing with on the ground and this is the credible work your oxygen did and thank you tour our partnering with that tone setting set of comments turn to the Financial Institution and talk about with the new standards i want to start with naomi cameer camp per. Anthony has tips if you want to consider a change of and help me grow 9 inches laughter . Naomi. Chase has been a critical partner as a funder but use or also in interactions showing a great commitment to assess and Financial Products talk about why the bank on movement is important to chase and what it means it have the National Accounts great, thank you and it is really i know many of you in this room had to do with bank on in a 10 year blog were but it really has been a group effort bank on is really important especially to us as a National Bank for. Couple of reaps it is not enough just to have the opportunity right accounts we really need to figure out the right Distribution System to gape the trust of consumers that will benefit from being in the products so bank on has held tremendous promise for doing exactly that and local execution now at the National Standards it really brings it altogether we have a common set of standards and everybody has confidence it will not be one thing in this region and another in this region the reason we felt strongly about the grants it builds the local capacity of local banks it so much of the work happens in the local community by the local bank on systems so whether it is bank on intermediary or the nonprofits to trust the advisors to low income consumers that may never have had a bank account or a bad experience it is expense to be be unbanked but expensive to be in the wrong Banking System thats where those standards combined with the mechanism we think that going to have just you know the perfect secret not so secret repeating to bring millions of people into the banking mean stream i have to use my time to say were excited that chase is part of bank on program im sorry that mayor ed lee left because if 33 he hadnt done electronic banking we want to introo introduce him to product capture so you know but in all seriousness in the past the nonbank Financial Institutions that are so pervasive in low income communities really caught this a bank frazier franchisee is not always convenient but take a picture of the clerk and the fact that bank on standard includes that technology those are not youre Old Fashioned assess accounts real accounts with fulfill functionality with modern technology we know that the contingency have the research higherup take than other communities one other thing i want to say the advisors board that anthony set up allows bank on 2. 0 so not only have the opportunity static announcement but to continue to update things and keep us in the same room working together im thrilled that tom who is sitting in the second row is part of this Advisory Committee it is really important for all of us to not the perspectives of consumers that may not be able to see the atm or hear the telling her to understand what the banks need to be thinking of when we just want our products and finally ill stop but im excited to make one special in the amount of that effects the nonprofits it is the importance us all focusing on the strength of the local sgraerments and nonprofits that focus on the capacity 9 mayor talked about as a movement i dont know if at the said the next Civil Rights Movement but Jp Morgan Chase is now and then 4 million to nonprofit for their work on Financial Capability including mission assess funds jose you guys need to applaud anthony later no, no, no meta and Margaret Libby my pass and a number of others 13 total were not just about bank on but the Financial Capability is a Media Movement and needs money and energy so thank you. Naomi thank you clapping. thank you so much for your involvement in the bank on with the bank on locally here in San Francisco and our community i will extend our offer to the mayor to help him with his account and training now welcome bob and others from the City Development and city finance citibank has been a long time partner with our bank on effort in San Francisco and numerous ones countrys but bob you guys have about a tremendous asset to open up bltsz for kindergartener in the school board and our summer jobs effort to make sure we are understanding how to support the youth getting their first jobs with their paychecks to keep their money safe bob can you share with us how . Why . Does banking empowerment initiatives are important to the city and the national upgrade standards make a difference and talk about the citys investments with the access account i know youll have for a longterm. Thank yjonathan weve work number of areas ill speak directly for the need for access one the things the mayor raised here in a prosperous city youll say similar things their blessed with awe plus or minus low unemployment and a aggregate level but committed to 9 inclusive city the issues of affordability a new subject but issues on assess the basic services the Financial Services the issue of resilience to the households and the ability to have the opportunity resilience to get to where they need to go the bank on movement was something we look at dealing in and remind in the fdic had a initiative on savings there was a similar project on saves weve been working on that internationally many, many years around the world it of these interesting to see that kickoff in San Francisco that was making trying to launch Something Like that kindergarten technology and little response to financial vases in the beginning together a number of years but it really created and guided in my thinking of my colleagues how to build playrooms to sail scale and kindergarten to college was over 20 thousand children to fully universal child access to savings no matter what child and background and documented status this is how to build things skabable and it came to me with e when we look at the safe account when i served on the fdic before something last night im partial to thinking about access to Banking Services being a choice a multiplied choice i was underlying from new york and reading seven hundred pages and, of course, i broke any glasses napping i stopped another midnight and stopped and a drug store and got reading glasses thank you stood they creditor a wall of cards i could get glasses or whatever but i saw one hundred cards those are useful kind of tools and gifts not enough its not enough that the bulk of our clients and our communities around the country have access bank account but some segments dont and they need solutions so the account came about kept helping the access account we launched it is i will give you data but our individual accounts we did about 18 months ago and looking at a pool of data and the number of account it is interesting the accounts in you use the got you dont pay this is the interesting thing i use the anything else we dont turn on the light we get an electric bill if i turn them on you get a bigger bill it is when you use them you dont pay you have a direct deposit or bill pair it gets waved this account has all those bells and whistles that keep you from overdraft possible overdraft in the absence of it check first of all, someone young didnt use checks why use a check and they did they definitely deposited it by forest city it we know there is a need for that but we take a sense of who is using oversee accounts we look at took a policy of 70 house and first of all, all the new checking transaction accounts is 18 to 20 percent are africanamericans the average balance is similar between those from those low Income Branch versus any of the other branches 44 percent of consumers are new to banking and 46 are existing could a clients with fees and structures didnt address 65 percent use debt and 42 are online it is the numbers of the use of electronic and mobile banking is higher than the average clients so it shows that the tools of the innovation and people are cable and interested they wanted clarity and the terms you lay auto u out in the bank account really help to provide that both the terms of the products and cost finally how do you take that out and support the billing products so it is not just for a moderate income use the accounts the more we looked at those accounts it is a perfect start accounts most people want the benefit that the account allows as you the atm or go online and with all the bells and we say he lives they offer you but you have the opportunity benefit of clarity and features the guest 0 end up in offer draft now the institutions realize a segment of the population both unserved and served without choice the whole Banking Movement address more than just about the banks but the appropriate products to all those who are seeking Financial Services thank you and thank you for everything jose you and jonathan are giving fresh light the bank on movement has a lot of things that are key to making sure jonathan in new york weve worked in that capability and jose, of course, here in San Francisco thank you. Thank you, bob clapping. thank you for sharing those many sites with this assess accounted hopefully learn more and more and be able to understand better how those products serve the folks in the communities now id like to introduce bank of america was im proud to say their were here from day one and youve engaged with Numerous Bank on programs in cities across the city can you share the new accounts needs for bank of america and how you guys will support and invest users the investment on the bank account. Thank you jose i do want to starter my remarks with a thanks and congratulations to you under treasurer and jonathan minutes and the team i really am so in. Of your ability to cease the moment youve identified the fdic movements and identified what the save bank account are and that way to institutions like bank of america to get on board with introducing accounts that met that save standard with the fdic developed i find so wonderful is that then the c ic treasurer you came in and said now we have enough institutions out there with accounts offering in their branches were going to take the bank on movement and Better Connect it to that work and i think that is a Perfect Timing for cf d and this announcement today to come together and launch bank on 2. 0 it gives life to all the work the fdic and institutions at the tangle took on to build truly save accounts for customers who meet the needs of what we anticipate to be our bank on clients out in local communities so i think Perfect Timing i applaud you both for cease the moment and helping us reinvigorate the bank on movement it is an exciting day and were very pleased to be part of it to the question what will b of a do the bank on accounts we see that you know aligned with the National Standards that cf c has put forward and bank on 2. 0 enables bank of america to efficiently support all the existing bank ons but new ones as well will be built to meet the National Standards and in essence it is giving efficiency to our local market that have to do the work obvious to connect the products and grant and our society to the bank on movement so but for National Bank is creates efficiency local people know what is happening on the ground and local bank on movement will be meeting through this new model it is set out and for us that creates a great more enhancement it is exciting to see that i know this energy could come back brought forth to better people i think that also will inspire us hopefully, all of us in the room to bring that energy to the local programs as well ill taken place to talk about what save balance banking is it is our save account we rolled to out 8 months ago and in front of the fdic Committee Financial Inclusion Council and brought it forgot to the chairman really as a model in our way of contributing a new account to the chairmans fdic save account movement but the account was built at bank of america after several months of work we really met with our customers about one hundred and 50 hours or more sitting in the homes of our customers trying to understand how they approach money how they look at bank budgeting and planning they speak about savings what are some of the credit issues they have or opportunity they have their long term financial goals the hurdles in front of them, in fact, one of the customers talked about his shoe awe definition those portals in front of the ways of meeting the financial goals it allowed us to get closer to the day to day needs of our customers are and what the good news we found a ton of resilience among the customers symptom we have our financial hurdle they were working to overcome them and found new ways to meet their goals and to Life Financial healthy lives it informed the way we built save banking which is a predictability low fee accounts that has no surprise associated with it no need to think about the calling the institution about the offer draft that customer might be concerned about because the account has only one monthly fee under 5 and this is what we heard from our customers predictability, low cost, a need to not have to worry about their funds, will enable them to plan and build towards a healthy Financial Life thats what were look to offer our customers were pleased to be here thank you for the opportunity and thank you for bringing such excitement and life to the next stage of bank on and look forward to great reluctance from all of us thank you. Thank you clapping. thank you annie for the oversights and now im honored to introduce sheryl from wells fargo were excited to have you here again, a long time partner with the bank on Partner Program and i know from numerous cities across the city shelly share what specifically the new standards mean for equally. How i see your engagement with the bank on in San Francisco and other cities experiencing great good morning, everyone and thank you treasurer cisneros it is a pleasure to be here on behalf of the Wells Fargo Teams were pleased to be part of launch of bank on National Standards and the Capability Fund Grant Program you know joining me i want to recognize the Wells Fargo Team and id like to acknowledge our greg more and more gag the president of the San Francisco bay market have been engaged with the bank on work and treasurer cisneros you know wells fargo is engaged with bank on for many years throughout our the country we currently have over thirty programs where we have some level of participation our team meshes are serving on committees and teaching Financial Education and opening up accounts and provided local accounts to the local market and been at the table part of the conversation we are excited to be able to be here today to talk about further our commitment to bank on programs so id like say that the participation in this key situation underscores wells fargos commitment for the families throughout through services, products and philanthropy and were thrilled to be part of this work to continue to help customers build convenience we share bank on 2 point to provide the access to Financial Products and account options that meet the needs of under bank and the bank on efforts aligned with one of our 3 pill oversees or arrests strengthening the liability of our community particularly particularly for those who are under served for example, nearly 12 years we introduced a new type of Checking Account to help banking consumers on the wrong foot the opportunity checking and savings account account it allows the customers to make a freshg start with the financial history and managing their accounts and with the benefits of Financial Services since 2004 onehalf given millions of consumers another chance by helping them to reinterthe Financial System and proud to say that millions of those customers have taken advantage of the opportunity and graduated into one of the standards accounts or standard Checking Account or setting im pleased to annoyance today introduce the nationals roll out off our new wells fargo easy pay card to further reach this important population and provide them with access to bank were currently in the final stages of highlighting the wells fargo easy pay card and starting early next year no 0 california we plan to introduce it nationwide as shared by jonathan and treasurer cisneros today, the wells fargo easy pay card a reloadable prepay cards giving me more committees the ability to successfully manage their finances and have all the addressed conveniences that wells fargo has to offer theyll be able to assess more than 12 thousand pulse atm coast to coast and many participates of merchant worldwide this is our commitment to Economic Growth in our communities which we operate drives our mission of helping our customers to succeed financial were focused on kaetd Customer Service center consumers about banking products and findings ways to integrate our services into their daily lives and commit to helping those who want to enter or reenter the Banking System and launch the bank on 2. 0 standards across the city and working with the local markets with their programs to be on committees providing Financial Education as well opening up accounts i want to say thank you to jonathan and others there is an ongoing conversation weve had around Wells Fargo Service and how we can continue to support the work at the fund and look forward to our ongoing collaboration thank you very much. clapping. thank you shelly we look forward to partnering with you in San Francisco and all say cities across the city so how exciting is it to have those four National Banks here committed to helping us with the work this is absolutely great i also need to call alleyway auto the incredible work of our credit Union Partners in San Francisco and i know that in every city we see a bank if across the city Credit Unions are the forefront of serving low income and altercation you think banked clients i can personally awe tests weve heard a tremendous amount from their work joining us we have steve jerking man from the state help credit union this would not have happened without the Credit Unions i want to ask you but with the nationals accounts is it so one of the elements a requirement to offer an account that cant be overdrawn in any way and meets those fees share how selfhelp has wrestled with the issue and what words of wisdom or what you have to help us roll out the standards in San Francisco and across the city. Is this on yep yep. Echo the thanks to jose and chairman bloomberg and mayor ed lee after all a i daresay that santa fe help credit union is not the name of my colleagues on the left so for you dont know us were part of the National Institutions that has a mission of creating and protecting economic and ownership opportunity and Underserved Community that effort is near and dear to my heart and weve been advocating for a long time 4 communities that were trying to serve through bank on that accounts without overdraft is the right accountant. To population so with great thaengz to those who have gotten us here and the large banks in the country for embracing that we couldnt be happier there was a piece of me jose when jacob called and told me who was else was going to be on the panel 16 thousands of branches we can add to the mix laughter and obviously were not a huge player in the Financial Services arena and an effort last week that is critical to have the opportunity support of larger banks but jose said it is critical on the local level lae jonathan made that pot the importance of smaller institutions whether banks or Credit Unions into this the actual i dont know if media colleagues will agree the mechanics of those standards is not that tough if i want to do that weve formed the first Checking Account in 2010 and it has been operating wonderfully for the people that it serves i think the big challenge to our question specifically of why credit units or maybe Smaller Banks as well whats the challenge to getting involved i think there are two things that have to happen people need to that committed to the needs of that population and obviously everyone here has made that commitment and second create the architect structure one of the things and people are talking about it everywhere being a smaller Financial Institution this this environment is challenging one of the ways we try to make the costs work is through simplicity and not having too many accounts one of the challenges 80 creating a different the particularly i was talking with steves staff from the federal if you have a schkt but dont take the checks it works perfectly the cost of creating the system the system can handle it is a challenge that is one that we certainly want to support jonathan and his team to encourage as many smaller local Credit Unions and banks to participate in this program 2 really is a Community Effort introduce the collaboration of the big banks and the smaller Financial Institutions along with all the Great Service organizations obvious that make it successful thank you for giving me a chance to participate and thank you all for camtc and all the people that made this happen pause it is a great day. Thanks. Thank you, steve clapping. next and. inaudible laughter . As steve mentioning this is the lead phillips as you may know my former colleague and our former director of our San Francisco Financial Empowerment in that really helped to launch and maintain for many years or Successful Bank on program its great you were able to join us today lee hes been a Strong Partner as you may know from the San Francisco movement from the very, very beginning and we know that we are going to rely on that partnering certainly a safe financial account it is a prerequisite for any success share with us how the adoption of those standards creates a new opportunity for your clients. Thank you jose. You know i wouldnt have missed this thorough the world as youve mentioned it is a core partner of San Francisco in the very quentin in 2005 we do that because we saw how difficult for the surveys to be successful in the maintain stream without the Financial Product we build that the solid banking relationship i Everyone Needs to be able to have as weve noticed back then San Francisco was unable to access it there were excluded in the mainstream they didnt have the opportunity right identification a negative banking histories or a sometimes a reality of exercising high fees i think naomi said it well it is not just check carving that is expensive but the wrong check account we signed up it was effecting our families in many ways our fathers and mothers are spending 5 percent of their. This is money weve earned it is saved and invested for the future we want to people to be able to save for emergencies and children and with basic expenses we dont want to see this money of hard working families leaving the pocket and lynn the Cash Checking place the founder ben in 2006 to represent the clients and the consumers and to put for the their prospective to make sure their voice is heard from San Francisco when it launched bank on provided us and many nonprofits with the Great Foundation we came on board with a safe product that helps them to invest in their future, however, in 2006 that we felt there was still work to be done we hadnt quite gotten there today, the National Standards are closer to getting the high quality of products ultimately ill say jose the new standards have clarity and confidence we refer our clients to save and affordable products we know that people have going to be served are a priority that is designed for them we know that access to chuths and savings accounts help adversary families to participate in bank on o Online Banking and setting up automatic deposit and those help the families and ultimately the banking relationship and in addition it is expanding the program nationally to the participation of National Banks and all the products that meet the standards are important for their program and clients we make the remedies that are applicable inform most people in the United States ill say before we theyre victory laughing that is very important to be clear our work is just beginning ambassador we still have concerns of accounting screening practices that are excluding people from bathing we still have to work to get the stronger standards adopted in communities across the United States and by more banks and Credit Unions we live in a country where 2 of us cant coffer an unexpected emergency and threequarters of us are living paycheck to paycheck we want to address this country and hope youll supportive us ill close as many of you may know ive been involved in bank on from the very, very beginning and helped to launch bank on in San Francisco and others dozen its of programs and like to see america i get to go to indiana and all the other communities so for me this is a proud day im able to see the years of hard work and im gratified to see this is on top of the programs and we continue to Work Together to make bank on a success so thank you to you all of you and jonathan for taking the college and helping it grew up or whatever to it grow today thank you for today, im happy to be here. Thank you and im excited that california Reinvestment Coalition has joined they advocate for the prompts of community of colors to have Financial Services andrea you guys have done great work talk about how the adoption of those new National Bank standards impact our advocacy proorm and what areas do you see for further growth. Thank you for having me people asked me if i was going to raise this platform i have a respiration i have to live up to so the c r. C. Has link been calling for exactly ever since overdraft become aimed bank account were very dangerous so for anyone living on a then margin it is not just low income folks but anyone as i mentioned were living paycheck to paycheck a 34 fee can spend o accepted you into a spiral that is a telephone bell weve think working specifically with the welfare i use that word welfare is not a new word and folks living on a thin margin with low income who right now prefer not to have fwkts the safer option they right now are paying one to two percent of their income on atm using a cards i challenge any of us to calculate 2 percent of our income, imagine being a simple parents and now in the program with kids trying to make due with that and giving me the fees and yet one of the counties were working with reports 70 percent of their clients do have barbara smiths 70 percent. Of the thirty percent that have barbara smiths only 2 percent are using the barbara smiths to receive their welfare assistance through direct so this tells me and few weeks are rightfully making the decisions they would rather make the calculation spend 2 percent on the fees 2457b what could be 10 to 15 percent on a single offer draft fee because were now able to see finally able to point to a variety of institutions that meet those fees so, now they can seen up for direct deposit and have choices not just one institutions but a group of partners choices and they can have the freedom to manage their money as needed; right . But right now folks go in the quentin of the month their charge them 3 per transaction and get to so much it is 6 in fees and theyre not going to go back it atm it will cost them fees now with those options with the safety of not having to were offer draft fees and going to the atm for free they can manage their money over the course of the month as we all do it is huge not just a saving the fees but the ability to manage your money the way your family needs were excited and happy to support those standards so i do know think there is exceptions not here on behalf of the appellant so one is i do think that the opportunities now we really can work with our major partners with the social services and others there are thirty thousand welfare recipients in california students we can work with their representatives associations to help them direct deposit it is only possible well not be able to entertain a conversation without those standards second i wish the chairman were here this is a game chancellor for all banks and the communities reinvestment acts for how the banks are serving the communists this should be the standard all bsht how should be held to the standard by their peers but they have will have those save product features and not significantly people to unpredictability and what is a devastating can do cascade of fees and third this now really sets the tune not just for other banks but what is possible and now the fin protection will be looking at the rules for over draft hopefully next year pushed back but hopefully next year it sets a precedence well enlighten is a world where the majority of bank account are not subject to the cascade of fees where it is possible where offer draft is not haunting every one of us were living on that same margin to jonathan thank you clapping. allen gastrodraw i think you issued a challenge to all the Financial Institutions to meet those standards with an account with the four banks and numerous credit im not sure that challenge to the coalition so thank you for suggesting that today. So, now time to open up for questions and a decision from all of you so if anyone has a question for any of the esteemed panelists before that can i get one more round of applause for the people that joined us panel lift you have one microphone you get to share for answering the questions does anyone have a question while bring you a microphone and youll chime in come on those are the frames of the movement who has something to champ that group with leon from the Federal Reserve right here. G thank you. Good morning. Good morning and our esteemed panel and chairman black and blue berg im leona with the San Francisco by self the people one of the people that helped to launch the first bank on nifsht i cant believe pittsburgh its been 9 years and 50 pounds ago laughter but im excited by the standards that have been discuss and prairie by the commitment of the National Banks and one of the lessons weve learned through our first iteration is the challenge with training of front line staff and recognize that there are in a challenging position of a high turn offer if the position and oftentimes those well intentions programs and products are not communicated to this staff and not necessarily promoted in the saw weve come a long way higher sort of value products would be i want to ask from the panel can talk about their commitment to entertaining the front line staff and making sure that the access leap to capture by clients and customers and retention as well so thank you for that. So what i will share well from wells fargos stand point we had skfgz with jonathan it was important to look at the bank on program with an it is scaleable and consistentcy is from market to market as you may know having different programs in each market it is challenging to percentage were very fortunate within wells fargo with Community Development officers that working closely with the bank on program and so the way well continue to work on bank on as we really it out well work with over regional president and their vocal leaders to make sure we are presiding entertaining the wells fargo easy pay card helping them to understand what we found is important with bank on any type of program that our Team Members Need to understand why were engaged in the program and why it is important as a company how they need to interact with clients that are coming in we share with them that some of the clients may not have been in a bank before how to overcome to those barriers and feel comfortable coming in our store and comfortable understanding the telling her line and deposit checks it making that warm introduction well work under the Development Community community and through the market with programs to make sure that the proper training in the bank on program does that help answer. Thank you shelly and do you want to comment and i will echo some of the remarks entertaining is a champ as weve rolled out a new save deposit banking were incorporated hours of training for the front Line Associates so as customers come into the door and talk about the desire to have control over their money or they thrills theyve had problems are offer draft and do want to encounter that our associates and bankers are ready to talk about balanced banking you are next step that is what is to great about having a National Bank on program is to talk to begin to train on the opportunities to connect save banking and other accounts to the bank on program we wont have to do that in a different way and market new a National Program unless commonalities between each market we can speak to theyll need the training and both for the managers on the ground with the Communities Development organizations with community activists, as well as over barns who are speaking to the customer so i think a National Program will help to make the training more effective for the domineers as well. So i wont repeat what my colleagues said but what is interesting we revolted out the access account how quicken it had a significant number of new accounts with the access from a commercial prospective that was interesting how quicken so a few things like all new products all the comments we have quibble had a double digit numbers in the first two months and the pilot of the tax up and that meant that that of our staff and fields and a that served clients they recognize when people came in we had an answer might not have been plausibly in the past but so the numbers have shown we have also the word spread beyond those who walk into the door 50 percent of the accounts people say theyve innovate had a Bank Account Many branches around the city this is a very different prospective of a client the part that is so part of awareness pages makes a huge difference do a lot in the city the municipalities a city we and new york so many different initiate with but the Community Organizations he this aspirins and Many Organizations here the word got out it happened very quickly perhaps a lot of credit the clients and staff that have been trained with the new products saw this as not just one of but something to deal with in low to moderate income csr whatever but put it on the platform of the National Products and treat it as you do all our products and support and in the presentation of it the way you train people important every product bus the city goals are why we have had a really significant take off on the product. Yeah. That is bob totally hit it ill make another visibility reference people were to make did you observe executes with people 2, 3, 4 wheelchairs or whatever could assess and people are strollers thought it was great for the same purpose this covet account can really be much more and more successful when it is part of offering wee when we rolled out in 2012, we found exactly that so as a as opposed to being one of the old styles only put it out the drawer when nothing else vertebral this can work for anyone so bob runs all the branches in the bay area hell thrill the front line staff instead of a challenge they were thrilled because now their customers whether an whatever branch m m m not a l m i breach people wanted this pratt product when you have a product allegation to get the statistics wrong a big percentage half of the people the customers it choose chase they had other example theyve qualified for it is not as much as as challenge to keep people trained with a simple ooefg and people are taking it up all the time. This is really exciting i know that lee and i relate when we wlaufrnd this 9 years ago we actually did engage with all the banks and Credit Unions and offered oftentimes we are that successful in coming in our branches to sync up with the front line training certainly something to explore to see if this is a bank on to be involved with you are account staff and bank staff to help to continue to make this a bigger and beggar success well be talked about and looking forward o to those conversations. Any other questions right here in front. Hi, im with the fdic i wanted to it pick up where our chairman said the next step is really getting the accountants taken up and eyed so i want to pick up on that and turn to the folks from the communitybased organizations and steve you wear two hats what lets get down and dirty about the tapping what do you need to be able to get over clients to the bank for the bank account; right . So is have that connection with the Financial Institution to feel like they can be building a relationship over time what are the things that work a specific a branch or people come to you and that is online accounting what will work to move the needle. I dont have excuse me. Ill try a great question laughter . That is an excellent question one of the things he i mean in San Francisco as a major market you you know we have a lot of choices in the Mission District two wells fargo branches and others; right . So the lack of branches in our neighborhood is not an issue but an issue when you go outside of the major market there is a lot of branches i read a report that is found that Credit Unions are closings last week 20 branches per month in the past 4 years and expected to close firefighter in the months to come there is that process we have to acknowledge that as we bring great products to line now not a lot of brafrnz are there in the neighborhood so one of the things we have to think about critically can we work with nonprofit organizations that are in those communities and not for us to be a Referral Agency sending the clients to the brands so at the, open with accounts but the nonprofit to be a hub of an intraerm so at the, get one of the accounts from us that is i dont know what that will take if that is a further conversation i have no idea but that level of i know innovation we actually need to think about so that Nonprofit Sector can play for concrete roles in getting the accounts out there for our product and mapping that require chbt were agnostic where people go people get an account with a branch closer to the heirs a lot of activity reasons but youve of our partners across the city may have those all branches at their depend upon december policy ill welcome that conversation how nonprofits been the intraermy sort of first so get the basic most basic products out there that relationship will be a lot more you know effective. Thats a great question liz i think ill start by talking about trust because that was the major issue we dealt with so when treasurer is a norz is ready to guest ill use my name and reputation of the h city and county of San Francisco by have to guarantee people are receive a product and services for them so lee made a great point it is good for us to talk about how this is amazing but not reaching down to every Single Person in Financial Institutions that is difficult now being a nonprofit with a similar challenges our Clients Trust us and our recommendations it is important that our partners are actually really delivering that High Quality Service when we say to someone you can go to one the banks arrest credit units theyll walk out with the account want. Have you to have a succinctly to join the program a product to help people to learn weve motives everything on line it is about efficiency we believe that people are quite able to open a Checking Account and setting back online but Financial Institutions are locating consumers maybe the only source of Financial Information that the people are receiving they play an important really and im going to turn it over to andrea hoping shell talk about interaction with the Government Agencies we did a lot of work and continues to work in the financial funds of how to sfwraths parts and services into people lives by getting people to sign up for direct deposit and encouraging the employers how people get paid impacts how they use their bank account if you dont have a check youll go to the Check Cashing and in San Francisco we launched an initiative that is focused on the employers we need to been beyond nonprofit and people are catch this benefit. So, yeah infrastructure is key and also ill say the branch issue is really real and it is not just a specific area you can walk 40 blocks and not come across a atm or 40 blocks that is 250 youll pay 250 or a fee it is everywhere and branches are closing to im not going to feed that ground but in addition to we do need better infrastructure right now we have the cards the machines are there and it is automated; right . Thats how people get their card we need to do something similar with directly dopey building most of us get direct deposit and Social Security we need to have this infrastructure so the subsequent agency at the county level that said i think that we are not done yet tweaking you know making the accounts themselves more assessable; right . So id is still an issue coupling u come up on a a an election we care deeply about not being able to vote because of not having proper id translating that into our banking world how do you open an account we need to do better by that standard and second checking systems im glad that some of the banking partners have clarity about the policies so people dont have to waste their time and you know am i going to get in and not know the secret formulas if i have clarity well, im not going to go there ill go here across the board this idea that a document what steak is this document is it civil and critically judged fraud i can be accused of fraud so thats it and listing i want to talk about with the chairman as well the city programs that credible amount of opportunities so city programs touch our communities and people facing homelessness and people looking for job assistance and Development Training and foster youth as i mentioned earlier the summer youth jobs recipients on and on were looking at over city and every other city how to interact those programs to use those touch points to make sure we are reaching every everyone with those opportunities any other questions . By the audience . Yes, sir. Hello and behaving e address the commission up to three minutes. From the california oversight i see a lot of banks one of the applications we are glen eagle getting from money transmitters Everyone Wants to send money to their phones and computers what is the role of square thinking that you can be at the table want to throw that to the panel perhaps andrea would like to take that question. I mean seriously for everyone but to we need modernizing and updating and apply to more than just you the folks about that are up here Cinco De Mayo tech is sexy people are interested in district everything and thats great but like lets be real when youre walking oversee 40 blocks in oakland looking for an atm you have a limited data plan rights Cinco De Mayo tech is only as great as i allow so if youre a low income person and limited you can this will not work we need to challenge them and not to be innovative and second i didnt it is not radic radical. laughter on that note i would say that you know, i think you bring up on excellent point oefgdz everyday what we face is how those ovgz match up with the needs of this community im excited about other work with the fdic looking at mobile banking i imagine larger altercation institutions but the sniekts into that type of experience with the protecting contingency could be illuminating when 2 comes to other types of ovgz that make sense give me what weve learned about the peoples openness and accessibility through those vehicles so lets stay tuned and look at that i want to be respect of peoples time i think were running close to the ends of the period we want to dedicate so in an effort to wrap up i want to ask to once again join me in thanking your panel lift for coming here and being to generous clapping . But i want to put a out a strong call to action inform the folks of San Francisco stay tuned and work with us and so many of the Great Institution and many well get on board to really do a strong relaunch the local program to make sure we get everybody town to have a bank account to have their money safe and be able to avoid predatory fees outlining in San Francisco and lets set the model forever dozens of hundreds of other cities across the city to once again be able to do what we can to make everybody successful thank you very much for your time and thank you for joining us at city hall after school at 3. 30 i hop on the bus and go to work with kids. I didnt realize i was going to get up that early for the rest of my life. Its hard to get good jobs. You can get well paid working at restaurants i was making good money thats not my 50 year goal working as a waitress. It would be better to have something to fall back on i wanted something where i would in 10 years accumulate properties. 3 months is a long time to be busy all day. Im putting myself further in debt with the understanding its worth the sacrifice. Eating raman for 3 months. Its not fun but i think it will be worth it. We all want to graduate we are all tired of this class. Been 11 weeks. One more week to go. I need to get these mraps out. My purpose is to get the recruits prepared for the construction training. What you do is get a 2 by 6 sitting on the saw horses. We will cut 10 feet. Everybody going to get one and you measure up 6 inches. You sure you got 8 feet. As a carpenter you have to let them know whats expected and they need to know the stuff to get going on the trades. The main thing they need to know is how to carry the stuff on the job and the hussle. You cant work with the gloves. My part is a small part. My part is the best part. The part that really teaches them how to go out and fish rather than go to the fish market. My job is how to teach them to fish when the fish market is closed. This requires i thinking. When you go on the job site they will pay you 2015, dollars an hour you have to think and figure stuff out and get the jobs done in a record time. One of the things we try to teach with the construction trades is your attitude going to work. How employers look on new workers and its about profitability and productivity. Its not how much swings it takes to drive, you know, ita about do you have the right attitude . Can you show up on time . Can you make the Company Money . 12. 5 times 15. I dont want you to use the calculator. The students go through approximately 420 some hours of training. We operate at the campus of the Community College a 12 week, full time program, 73 30. If you were going to figure out how much [inaudible] you need you rounding up. Average age of individuals in the trades is in the 40s from what we are told. In the 50s quite frankly those folks are getting ready to retire. We see a void. The average is making 6080 thousand dollar a year more with benefits much its hard work i will not lie. If you like working with your hands and creative and you look at a building and say, i did that finish and that building is there for a hundred years. Come to my program you will work for anyone in the country. We send people to the dry waller the carpenters and the plummers. We are conscious who we give a job referral to. We look at the skills part as far as hayou do with a hammer and nail there are other components to be able to be a team player. Be able to take directs and be precise and punctual things like this you need to help you keep your jobs. We will looking at the interviews today and doing the critiquing from the papers. I was thinking last week we were talking ask that was so much thinking going on about the interview and how i was going to do it. I feel like, me, as an africanamerican woman and older woman with children i feel i have to set an example. A lot of people dont know how to deal with anger and conflicts. The kids here look up to me. If i do something and dont set an example then they are going to follow. Since ive been a positive roll model, coming to school everyday. Some of those kids pick up on that and i see the improvement in them. One thing that i knew but the class helped reinstate is that you have to check yourself. We are all grown adults. I try to be motivated in everything i do in my life. If you dont encourage yourself to do something or do things for yourself you cant expect somebody else will do it for you. Some people didnt make it to class because they have a bad attitude and decided it wasnt worth it. When you do something you have to understand why you are doing it and you cant say and come in and say, i will make good money. Constructions not like that you have to want to do it because its not aedz work. You have to want to get up and go to work and do physical labor for 8 hourses. I lived next to Biotechnology Companies and was a recruiter. I was getting tired and felt sluggish. I knew from the first day we were outside being outside having fun, climboth ladder and hammer and the physical labor i knew it was something i would enjoy. To say i put 15 years into this and not retire a multimillionaire but retire healthy and feel good about the work i have done. The greatest accomplishment is you drive by a building or bridge and say, i helped build that bridge or helped build the building on market street. The most greatest reward for me is i taught that student to work on the bay bridge. Taught the student operating the crane that student was in my class. Our goal is to have a core group of people, we are hoping its over 50 percent of your grads complete and become journey people andup standing good roll models and citizens. The largest public works our city has season in many years going on now the private project that 1 rincon hill. Huge project. We had 5 or 6 people work on that project thus far. The rebuilding of the academy of science in golden gate park. The rebuilding of our Public Hospital laguna honda this is on going work with the same contract ors that move successful apprentices from one project to another and keep them working for several years. The construction workers of the future to be the superintendents the construction owners. Thats the perfect thing there. Thats success. Good afternoon good afternoon, everyone the be 340kd this is the this is the regularly scheduled meeting of the for the lovngs to my right is supervisor yee and to my left is supervisor jane kim at this moment take an opportunity to welcome sxheepd shes join us today, our clerk a alicia and thank Jennifer Lowe and jilting under sfgovtv for broadcasting this meeting madam clerk, any announcements . All electronic devices. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear oe