Experiencing unprecedented declines in activity. Although the remains considerable uncertainty about the economy, we know that the Banking System has served as a source of strength throughout this period. They have supported their customers and committees by pppinating 500 million in loans. The Banking Systems ability to support the economy reflects the Industries Strong capital and liquidity position. In the Second Quarter of 2020, Equity Capital increased to more than 2. 1 trillion, which 13. 4 . Ted to highervels were slightly than the quarter preceding the pandemic. Taken meaningful action to provide banks while maintaining safety and soundness. I will provide an update in five areas in which we have made significant progress. Supporting communities in need, encouraging outstanding loan making. I would like to briefly touch on each of those, starting with our response to the Economic Risks related to covid19. We undertook a series of actions that helped maintain stability in financ
Moving into the red. The News Conference set to start at noon. Were expecting it to start imminently. Meanwhile, we learned that Contra Costa County and Santa Cruz County were bumped back into the red. The governor warned based on current covid infect rates that are the counties are likelying to follow the move and be bumped again in the colorcoded tier system. Were waiting to learn if others are on the list. The News Conference is to start at noon. Californias in a better situation than other parts of the country where infects and hospitalization rates are surging. The governor yesterday indicating that dr. Gale today will announce more restrictions for some counties. Anticipate that we will see some counties moving backwards not forwards and this is exactly why we designed the tore status the way we did. It was about being more and less restrictive not based upon political whim but based upon the data. The epidemiology and facts. Reporter the governors comments came the same day as c
For george w. Bush Steven Hadley now with the atlantic counsel. Well have opening remarks and then switch over to the executive vice chair. I would like to extend a few thanks to some of our partners here with us today, penny, michael margolis, thank you very much. Without further ado, ill turn it over to you. Well, thank you, julia, and my thanks, also to steve hadley for moderating the discussion. Congratulations to the Atlantic Council for the opening of the center for geoeconomics. After having looked at your goals, its an extremely timely undertaking. More broadly now more than ever, the Atlantic Councils mission of a strange transatlantic relationship. Covid19 has affected our way of life. As a look to the future, that the right values guide us in a postcovid world. Thats why the transatlantic relationship so important. It represents over 40 of the worlds gdp and nearly half of global personal consumption. But it is about much more than the economy. It is a community of values th
Comment, president sanchez. Sorry, go ahead. Thank you very much. On behalf of the Community Advisory committee for special education, i wanted to make a few comments here. Weve commented not only on the Student Assignment, but at the september 14th meeting for the Budget Service committee, where we saw the transportation presentation. The recurring theme here between Student Assignment and transportation is that the inequity is a cost driver. The fact that we dont have supports and services and programs at all of our schools means that Going Forward [simultaneous talking] our students have to be driven across town in some cases to get the appropriate program. And we have routes that go across the bay into multiple counties. One of the ways that we can fix this would be providing more support and services in our district, providing more supports and services at every school. And we would bring special education costs down and our transportation costs down. When we talk, though, also ab
Additional resources, and Additional Information to supplement what is in the learning continuity plan. The next slide is one other point that i wanted to make sure to address. There was a question about this at the public hearing and in the and in the previous draft of the learning continuity plan and we had highlighted that we were pending clarification from the c. D. E. About the actions and expenditures. So i just wanted to take a moment to clarify, to explain that clarification, and the response that we have received. So we wanted to confirm that the actions and the expenditures that are at the bottom of each major section of the plan, we wanted to make sure that we were approaching that process correctly. And so the clarification that we received is that we should be considering both learning loss mitigation funds and lcff funds in our plan. But we do not need to include all of both of those sources. It is up to our discretion, the extent to which we include those funds. But thos