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the amount of electronic reserves held by the banks has gone up a great deal, but they re sitting there not doing much. we raise the question of whether they should be doing more in some sense. so far we have not seen any indication that they have proved inflationary. does the federal reserve own and gold? known no. so you did not hold any gold? maybe a little bit. somebody asked me to ask you that question. i am told we have gold certificates. what to do with those? their part of our reserves. the great bulk of u.s. gold is held by the treasury, not by the fed. we of been trying to track the cumulative effect of the dog-franc bill. it has 400 rulemaking requirements and it. to track the cumulative l.fect of the ododd-frank bil it was alarming to find that basically it was published it would take 22 million man hours per year to comply with the first 140 regulations, so that means we re two-thirds of the way. of we re headed to a lot compliance hours. only
one hear hit hard is del rey in alexandria. hey, tony, off the top i want to show you how strong the wind was yesterday when the storm came through. you swing over a little bit. these are brand new cars. some of them have been damaged but for the most part it looks like if the trees had to fall they fell in the right spot. i talked with the mayor not long ago and he said it has been a very long night. he is thanking city employees and dominion power crews, who have been crisscrossing the city, trying to remove some of the debrget the lights back on. when i talked to the mayor, i asked him, hey, compare this to other storms, some of the snowstorms we have had in the past. how do you compare what happened yesterday to those? here s what he had to say. when you consider isabelle and the snow event, i think those two combined pretty much comes close to what the damage we sustained here in the city and the damage here was city wide, albeit the del rey section which is where i