Mr. Kevin Cardiff:

I can't remember what they were saying at the time about that, Senator. What was really important was not ... much more salient, if you like, was not whether those would be merged together, and I gave a slightly glib answer, in part because I don't remember all the discussion. Much more important than whether those would be merged together would be what would happen their deposits, which, as you remember, were passed on to other institutions. That mattered because if those institutions lost those deposits they had to rely, even more, on ELA, which meant that we had to rely even more on the ECB to continue to sanction that. So, a lot of our concern about this was not ... about these rearrangements was about protecting the deposit base and ensuring that we would continue to have as much ... as many deposits in the system as possible. And we were afraid we would lose those. So when the deposits were moved out of IBRC, and into other institutions, at the time we were relying on a, sort of, a tacit agreement from the ECB that that would ... you know, they would make up the difference, and they would allow the difference to be made up in ELA.