Mr. Jonathan Sugarman:

I hope that I do not show any disrespect with my answer. Liquidity is basically how much cash there is in the till. I do not care about whether a bank owns St. Stephen's Green or had 20 Ferraris outside because those are illiquid. Cash is liquid. I need to know at least twice per day, if not every ten minutes, during a crisis how much cash we have in the till. That is my job, that is, to ensure that, according to the regulation of the Central Bank, which stipulates very clearly how to count the cash in the till, I am able to tell my bosses at any time of the day what our position is.