Trillion dollars are almost in loans, you've got 6,200 branches, maybe more than that by now. What do you see right now?

Actually the economy is fundamentally strong, but the strength is regional. So we re-regionalize the country from a economic perspective.

And what I mean by that is, take the bay area for example, it's strong here as I've seen in my 13 years.

So, I mean housing is booming, technology is booming, commercial real estate is booming, but if you go 150 miles to the east and the south into the central valley,

you would not see that same strength, because it's based on what ...(so it's fragmented?) so it's fragmented.

But you can't argue with a 5.1% unemployment, consumer confidence's up, autos booming,

and there's partial economies that are strong. The biggest risk of the US's economy is what's happening outside the US.

And that's something we can't control? Can't control that. Well, where are we in a credit cycle?

Well, from most of our credit products, we are clearly at the best side. (not in close to the top?) Well, while you call the top... the bottom of losses... the top on quality.

And you're through the cycle we should not expect, you know the charge of a 3rd of 1%, which is where Wells Fargo has been the last year, so...

Where you're gonna be in a year from now?

Well, I don't know. I think you can't ever tell surely the energy area is more challenged today,

but real estate is such a big driver for us that if real estate continues to improve which we expect it will, that's a big driver for our product quality.