Video & Transcript Research : 'Reserve components'

Page 144 of 489
TX

Texas 89th Regular

Intergovernmental Affairs Apr 29th, 2025

Intergovernmental Affairs

Transcript Highlights:
  • OK, we'll reserve your right to close. We're trying to make sure.
  • We reserve the right to close and call.
  • I'll reserve your right to close and now calls Ross Martin.
  • Johnny, just we will reserve your right to close. Don't go far.
  • Chair will reserve your right to close.
HI
Transcript Highlights:
  • Seeing none, chair reservations?
  • wishing to vote reservations or no? wishing to vote reservations or no?
  • <00:58:28.079> Reservations<00:58:28.720> from nor with reservations?
  • Reservations from nor with reservations? Reservations from Rep.<00:58:29.520> Lica.
  • This is... with reservations or no? Seeing none, with reservations or no?
Keywords: 910, house, all
Summary: The joint Transportation and Public Safety hearing considered HCR 121/HR 117, which asks federal and state transportation and defense agencies to coordinate on expanding Kle Pass as an emergency exit route. Testimony was overwhelmingly in support from state departments and community representatives, though one member raised equity concerns about other communities needing similar access solutions. Both committees recommended passage, and the resolutions were adopted in tandem. The Transportation Committee then heard a series of road safety and mobility resolutions. These included HCR 43 on studying highway patrol and speed cameras in speeding hotspots; HCR 52/HR 48 on a sidewalk between Iroquois Point and Ewa Beach; HCR 57/HR 53 on traffic calming around Piywa Street in Waipahu; HCR 112/HR 108 on a pedestrian-first policy; HCR 129/HR 125 on safety and congestion near Haiku Elementary; HCR 131/HR 127 on rural air service and short takeoff/landing aircraft; HCR 136/HR 130 on reflective gear for pedestrians at night; HCR 137/HR 131 on school crosswalk safety at Kipapa Elementary; HCR 177/HR 173 on a summer streets pilot; and HR 43 on an emergency access road on the YNI coast. Testimony was mixed but generally supportive of pedestrian and school safety measures, while some transportation and bicycling advocates opposed the reflective-gear resolution as placing too much responsibility on pedestrians rather than improving the built environment. During decision-making, the committee advanced all measures. HCR 43 was amended to specify the study should include district court impacts. HCR 131/HR 127 was amended to shift the rural air service study from the Legislative Reference Bureau to the Department of Transportation. HCR 136/HR 130 was amended to change the reflective-gear proposal from a requirement to an encouragement. HCR 137/HR 131 and HCR 45/HR 38 were also advanced with technical or clarifying amendments, and the remaining resolutions were passed as is. Several members noted reservations or no votes on the reflective-gear measure, but all recommendations were ultimately adopted and the committee adjourned.
US
Transcript Highlights:
  • Do not make the Federal Reserve an accomplice.
  • Reserve Jerome Powell on the semiannual monetary policy report to Congress.
  • above the level that we judge consistent with so-called ample reserves.
  • Basically, we're going to be looking at reserve conditions, conditions in reserve markets, and trying
  • So what authority exactly did the Federal Reserve have to assess?
Bills: SB257
HI

Hawaii 2025 Regular Session

WAL Public Hearing - Thu Feb 13, 2025 @ 9:30 AM HST

Water & Land

Transcript Highlights:
  • Reservations? Reservations for vote? Okay, Vice Chair, for the vote.
  • <01:54:01.840> with voting with reservations with voting with reservations with reservations
  • reservations for reservations with reservations for representative<01:54:04.400> EA<01:54:04.719
  • <01:54:50.719> reservations<01:54:51.400> for<01:54:51.800> bot reservations reservations
  • <01:55:20.079> reservations voting with reservations reservations voting with reservations
Keywords: 910, house, all
Summary: The committee on Water and Land met on February 13, 2025, and heard testimony on a series of housing, land, and resource bills. Early bills included HB 743 on fiscal sustainability, HB 1318 on affordable housing, and HB 1409 on the Transit-Oriented Development Infrastructure Improvement District Board. Testimony on the housing measures was largely supportive from agencies and advocacy groups such as the Office of Planning, Hawaii Housing Future, Hawaii Appleseed, Catholic Charities, and the County of Kauai, while the Department of Land and Natural Resources (DLNR) raised concerns on HB 1318 about public trust duties for ceded lands. On HB 1409, members questioned whether the bill needed updating in light of a separate bill changing the board structure, and witnesses said the measure did not change funding but only the board’s mission and scope. The committee also heard HB 1410, which would create a supportive housing special fund. Supporters, including Catholic Charities, the Hawaii State Council on Developmental Disabilities, and Hawaii Appleseed, argued that predictable dedicated funding is needed for supportive housing, social services, and long-term homelessness solutions. The Tax Foundation of Hawaii opposed tax earmarks in general, saying they subvert the constitutional budgeting process. Members asked how the fund would be administered and who could access it; witnesses said HHFDC and the counties would coordinate the process, but DLNR noted the bill did not provide additional administrative capacity and suggested language to address that. Later bills included HB 528 on residential leaseholds, HB 1359 on flood mitigation, HB 1087 on historic preservation reviews, HB 868 on disabilities, and HB 1323 on transfer of non-agricultural park lands. HB 528 drew limited testimony, with a Catholic Charities/Hawaii Public Housing Authority representative offering a general example of leasehold development but saying the bill’s exemptions had not been discussed in detail. HB 1359 prompted discussion of homeowner and county responsibilities for drainage and flood damage, with DLNR saying private owners are responsible for drainage on private property and counties for county roads. HB 1087 was supported by DHHL, which said historic preservation reviews currently take about 165 days and the bill could improve timeliness, while Hawaii Historic Hawaii Foundation opposed it. HB 868 drew support from the Disability Rights Center and DCAB, with testimony focusing on beach access and the need for clearer legal authority. On HB 1323, DLNR opposed the bill, saying it did not reflect Act 90 and that some agricultural parcels should remain under DLNR for conservation, watershed, recreation, or fire protection reasons; DOA, Hawaii Farm Bureau, and Hawaii Cattlemen’s Council supported the measure, arguing that productive agricultural lands should be transferred to agriculture to protect local food production and family ranches.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Monday, April 27, 2026)

US Federal House Floor Meeting

Transcript Highlights:
  • Gentleman reserves. reserves. reserves.
  • thank you and I reserve. thank you and I reserve. >> Gentleman<03:31:57.200> reserves.
  • >> I reserve. >> I reserve. >> I<05:02:23.920> reserve.
  • >> I reserve. >> I reserve.
  • I reserve. reserve. reserve.
HI

Hawaii 2025 Regular Session

Senate Floor Session 04-10-2025 11:30am

Hawaii Senate Floor Meeting

Transcript Highlights:
  • No objections, no reservations. reservations. reservations. 24<00:13:05.760> eyes.
  • Any reservations? Reservations.
  • Any reservations? unanimous consent? Any reservations?
  • Reservations.
  • Any reservations? Any no consent? Any reservations? Any no votes?
Keywords: 912, senate, all
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Monday, April 20, 2026)

US Federal House Floor Meeting

Transcript Highlights:
  • from Georgia reserves.
  • from Georgia reserves.
  • And I reserve. >> Gentleman reserves. THIS IMPORTANT LEGISLATION.
  • AND I RESERVE.
  • I reserve the balance of my time. >> The gentleman reserves.
HI
Transcript Highlights:
  • <00:01:44.400> Recommendation with reservation? Recommendation with reservation?
  • voting no with reservation? voting no with reservation?
  • reservation? Recommendation adopted. reservation? Recommendation adopted.
  • With reservation. voting? No. With reservation. Recommendation<00:04:06.959> adopted.
  • I'm voting no with reservation I'm voting no with reservation recommendation.
Keywords: 912, senate, all
Summary: The committee first took up a series of House bills in decision-making. HB 309 was recommended to pass with amendments deferring the effective date to 2050 and was adopted unanimously by members present, with one member excused. HB 344 was recommended to pass with amendments changing the EV charger-ready parking stall requirement from a fixed 25% to a standard allowing the Department of Accounting and General Services to determine the number needed in a new facility; that recommendation was adopted. HB 423, HB 833, HB 987, and HB 988 were each recommended to pass unamended and were adopted without objection. HB 596 was recommended to pass with amendments deferring the effective date to 2050 and adding the Department of Defense’s concerns and testimony to the committee report. HB 750 was passed unamended because of the filing deadline, with concerns to be noted in the committee report for conference committee review. HB 1161 was also passed unamended, with the committee report to reflect requested Department of Transportation amendments. HB 1483 was recommended to pass unamended, with the chair voting no with reservation on that measure. The meeting then shifted to a separate agenda item involving the governor’s office and a proposed settlement related to Lahaina. Members questioned why the legislature had not been kept informed during negotiations and expressed concern that the committee was being asked to approve the settlement without meaningful ability to amend it. The governor’s representative said the administration would defer legal questions to the attorney general, but stated that amendments could jeopardize the legal agreement and potentially have significant impacts on the state. Members also raised concerns about transparency, the public nature of the process, and uncertainty over how Hawaiian Electric would cover its share of the judgment. In response, the governor’s office said it would follow up with the attorney general and governor and provide answers directly. The chair then moved to reconsider the prior action and recommended passing the settlement measure with the attorney general’s suggested amendments removing language from page 7, lines 3 to 17, while preserving prior committee-report concerns. That reconsidered recommendation was adopted by the committee.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Wednesday, November 19, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • that, I reserve. that, I reserve.
  • With that, I reserve. reserve. reserve.
  • >> reserve sorry reserve. >> reserve sorry reserve.
  • With that, I reserve. reserve. reserve.
  • >> Reserve. >> Reserve. >> Reserve. >> Gentleman<04:38:39.039> reserves.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Friday, November 21, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • from Arkansas reserves. from Arkansas reserves.
  • With that, I reserve the balance of my time. >> Lady from California reserves.
  • The gentleman from Arkansas is recognized. >> Reserve. >> Reserves.
  • >> a reserve. >> a reserve. >> Reserves. >> Reserves.
  • >> Reserves.
HI

Hawaii 2025 Regular Session

JHA Public Hearing - Thu Mar 20, 2025 @ 2:00 PM HST

Judiciary & Hawaiian Affairs

Transcript Highlights:
  • With reservations. Reservations. With reservations.
  • <01:29:33.520> Reservations reservations? Reservations. Reservations reservations?
  • Are there any nos or reservations? reservations? reservations?
  • Are there any nos or reservations? reservations? reservations?
  • Reservations.<01:40:09.280> Reservations<01:40:09.920> for Reservations.
Keywords: 910, house, all
Summary: The committee heard testimony on several measures. SB 1296 HD1, relating to disaster recovery, would exempt reconstruction of lawfully constructed structures damaged or destroyed in a declared disaster from special management area permits under certain conditions. OPSD, DLNR, the County of Maui, Front Street Recovery, and the Grassroot Institute supported the bill, saying it would speed rebuilding after disasters like the Maui fires; one witness noted the bill would not cover shoreline parcels unless amended, and members asked about the five-year rebuild window, the meaning of “lawfully constructed,” and whether unlawful structures were excluded. Testimony was also heard on SB 1413, which would allow the Hawaii Public Housing Authority to dispose of abandoned property in federal public housing projects after notice and within five days; HPHA said the bill would help address illegal dumping and clarify procedures. SB 31 HD1, concerning discriminatory restrictive covenants, was briefly described and had support from the Hawaii Civil Rights Commission and comments from the Uniform Law Commission, with no in-person testimony. The committee then heard SB 1341, which would add HEMA and the Office of Homeland Security to agencies allowed to review energy industry information and would expand the program’s emergency-management purpose. The Hawaii State Energy Office supported the measure, saying the data is important for emergency response and fuel-supply planning. SB 10008 HD1 would authorize counties to adopt ordinances enforcing accessible parking space requirements and clarify county enforcement of EV-related parking provisions; the Disability and Communication Access Board strongly supported the accessible-parking provisions, saying current enforcement is weak, while noting section three on EV spaces is already largely in statute and could be struck if the committee preferred. Tina Yamaki of the Retail Merchants of Hawaii testified in opposition. Finally, the committee heard SB 1028 SD1 HD1, which would eliminate fees, fines, and court costs for offenses committed by minors, discharge existing related debt, limit community service for minors to 72 hours, and repeal certain penalties tied to minors and their parents or guardians. The Office of the Public Defender, Office of Hawaiian Affairs, the Juvenile Justice State Advisory Council, Community Alliance on Prisons, and DebtFree Justice Hawaii supported the bill, arguing that youth fines burden families, worsen poverty, and disproportionately affect Native Hawaiian youth. The Department of the Attorney General offered comments, raising possible constitutional title issues because the current draft incorporates material from HB 129 and includes sections that may relate more to restitution or curfew than to fines and fees; supporters responded that the title is sufficient and cited case law. No votes or final actions were taken on the measures in the portion of the meeting provided.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Thursday, December 18, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • >> Reserve. >> Reserve. >> Reserve.
  • >> Reserve. >> Reserve. >> Reserve.
  • and I reserve. and I reserve.
  • I reserve. >> The gentleman reserves.
  • >> Reserve. >> Reserve. >> Reserve.
TX

Texas 89th 2nd C.S.

Energy Resources Apr 14th, 2025

Energy Resources

Transcript Highlights:
  • in a mud reserve pit.
  • The rules for reserve pits must be strengthened.
  • So, um, so yeah, so I know about reserve pits.
  • When it comes to reserve pit, again, it's permanent disposal, and there's thousands more reserve pits
  • Uh, Texas has over 400,000 active and inactive oil and gas wells, and each has a reserve pit or reserve
HI

Hawaii 2025 Regular Session

CPN Public Hearing 03-27-2025

Commerce and Consumer Protection

Transcript Highlights:
  • If the members present, any voting with reservations or objections? Hearing none, measures adopted.
  • Of the members present, any voting with reservations or objections? No. Thank you.
  • Of the CPN members present, are there any voting with reservations or objections? No, thank you.
  • If the members present, any voting with reservations or objections?
  • <00:04:38.080> or present any voting with reservations or present any voting with reservations
Keywords: 912, senate, all
Summary: The Hawaii State Senate Committee on Commerce and Consumer Protection met on March 27, 2025, for a decision-making agenda on measures previously heard in subject matter committees. The committee recommended passage of HB 48 (coffee labeling) and HB 702 (pharmacy) without amendment, and both measures were adopted without objections. HB 97 (travel insurance) was recommended for passage with a committee amendment to replace the phrase “delivery of” with “sending” on page 19, line 16, to align the bill with the model act; the amended measure was adopted. The committee also recommended passage of HB 534 (labeling requirements), HB 951 (prescription drugs), and HB 1422 (motor carriers) without amendment, and each was adopted without reservations or objections. For HB 799 (health care), the committee deferred decision-making until Tuesday, April 1, 2025, at 10:05 a.m. in Conference Room 229 because proposed amendments from Maui Health were still awaiting prior concurrence. Senator McKel and Senator Richards were noted as excused. After completing action on the agenda items, the committee adjourned.
HI

Hawaii 2025 Regular Session

HHS Public Hearing 02-05-2025

Health and Human Services

Transcript Highlights:
  • Any reservations? Any nos?
  • Any reservations? Any nos?
  • Any reservations? Any nos?
  • Any reservations? Any nos?
  • Any reservations? Any nos?
Keywords: 912, senate, all
Summary: The committee heard testimony on a long calendar of health-related measures, beginning with SB 297, a proposed constitutional amendment to protect reproductive freedom. Supporters included medical, labor, and advocacy groups, while opponents, including Hawaii Family Forum and Hawaii Christian Coalition, argued the term “reproductive freedom” was too vague and could be misunderstood. Testimony on SB 350, a similar constitutional amendment protecting contraception, also drew strong support from medical and advocacy groups and opposition from religious organizations; one witness said the measure was especially important to protect reproductive care and contraception. Several bills focused on health system administration and public health. SB 1438 on home care agencies, SB 1439 on nuisances, SB 1441 on transferring the AAHU regional health care system to the Department of Health, SB 1442 on children’s mental health services, SB 1443 on the Department of Health, SB 1444 on general excise tax, and SB 1445 on youth mental health all received mostly supportive testimony from state agencies and community organizations. On SB 1445, the Hawaii State LGBTQ Commission asked that LGBTQI+ and Native Hawaiian youth be specifically considered in mental health services. SB 1450, creating an intensive mobile team pilot for houseless individuals with serious brain disorders, drew support from state agencies and providers; a street medicine advocate said the pilot could help address sustainability, insurance, and service delivery on the streets. The committee also heard testimony on access and workforce measures, including SB 1596 on nursing, SB 1565 on acupuncture, SB 1564 on Medicaid, SB 1418 for an emergency DHS appropriation, SB 1417 on crimes against protective services workers, SB 1411 on Medicaid third-party liability, SB 1399 on a family resilience pilot program, SB 1398 on trauma-informed care, SB 1281 on telehealth, and SB 1279 on telepharmacy. Most of these measures drew broad support from agencies, provider groups, and advocacy organizations. On SB 1281, HMSA opposed the bill as written, warning about audio-only telehealth and federal rule changes, while other health groups supported it as important for rural, kupuna, and disabled residents. On SB 1417, a Honolulu Police Department captain supported stronger protections for DHS workers but could not provide complaint data and said he would follow up later. The hearing ended with the chair noting quorum and asking whether the committee was ready for decision making; no votes or final actions were recorded in the transcript.
HI

Hawaii 2025 Regular Session

HHS Public Hearing 04-07-2025

Health and Human Services

Transcript Highlights:
  • Any reservations? Any nos? Recommendation is adopted.
  • Any reservations, any nos? Recommendation is adopted.
  • Any reservations? Any nos? Any reservations? Any nos?
  • Any reservations, any are present. Any reservations, any nos?
  • Any reservations members are present. Any reservations any<00:22:19.440> nos?
Keywords: 912, senate, all
Summary: The Health and Human Services Committee heard and considered a series of gubernatorial nominations and reappointments, primarily to the Hawaii Advisory Commission on Drug Abuse and Controlled Substances, the State Council on Developmental Disabilities, the Hawaii Health Systems Corporation board, the Commission on Fatherhood, and the Policy Advisory Board for Elder Affairs. Testimony was overwhelmingly supportive across the measures. The Department of Health repeatedly testified in support of the drug and controlled substances nominees, and several nominees and supporters emphasized experience in public health, rural health access, disability advocacy, family services, and elder affairs. Some nominees were not present live but had submitted written answers, which the chair noted had been posted online. For the developmental disabilities nominations, testimony highlighted lived experience and representation from neighbor islands, with supporters saying the nominees would bring valuable perspectives and help strengthen services and advocacy. For the Hawaii Health Systems Corporation nominations, testimony stressed rural health, system collaboration, and broad community and hospital experience. The Commission on Fatherhood nominee said he wanted to advocate for fathers and be a voice for them, and supporters from Maui Family Support Services backed that nomination. The elder affairs nominee also received support from caregiver and aging-related organizations. At the end of the hearing, the committee moved to advise and consent on the nominations it had heard, and each recommendation was adopted by the members present. The chair noted that all members were present for the votes, and the meeting concluded with congratulations to the nominees and adjournment.
NH
Transcript Highlights:
  • <00:47:09.280> levels self-reported that their reserve levels self-reported that their reserve
  • of health trust is that the reserve of health trust is that the reserve level<00:57:44.640> has
  • the reserves were too high that they should reduce their reserves, and that was the issue back in 2010
  • It was reserves were too high, and so then they were using those reserves to help create a new entity
  • /c><01:18:40.320> help they were using that reserves to help they were using that reserves to
Keywords: 928, house, all
Summary: The committee took up several insurance-related bills. Senate Bill 47, concerning health insurance policies related to the birth of the mother, was moved ought to pass with no amendments and was approved on a 6-0 vote. Senate Bill 121, dealing with Medicare Advantage plan notice requirements, was amended to reduce the required notice from 120 days to 90 days and to remove a federal citation; the department said the change was to avoid conflict with federal notice rules. After discussion about the stress caused when carriers leave the Medicare Advantage market, the committee voted ought to pass as amended, 7-0. The committee then heard a detailed explanation of the continuing care retirement communities bill, described by the Insurance Department as a rewrite of a 1989 law to modernize oversight, require quarterly financial reporting as an early warning system, create a bill of rights for residents, and clarify issues such as entrance fees and removal of dangerous residents. A member recalled the bill’s original purpose as protecting solvency because residents pay substantial upfront fees. The bill was moved ought to pass and approved unanimously, 7-0. The final major discussion concerned a pooled risk organizations bill. Members debated whether oversight should remain with the Secretary of State or be moved to the Insurance Department. Supporters of moving it argued the issue is solvency, citing concerns about reserve levels, prior insolvencies, and the Insurance Department’s expertise. Opponents said the Secretary of State’s office had historically overseen the entities and that the bill would fundamentally change how they operate. A straw vote favored an amendment, but the committee ultimately voted to retain the bill for further work, with plans to revisit it later in the session.
HI

Hawaii 2026 Regular Session

WAL Public Hearing - Tue Feb 10, 2026 @ 9:00 AM HST

Water & Land

Transcript Highlights:
  • So, I'm going to be voting with reservations. reservations. reservations.
  • Any other reservations by repoda. Any other reservations?
  • Any other reservations by Repto. Any other reservations? reservations? reservations?
  • . reservations. reservations.
  • Are there any reservations? reservations? reservations? Any<01:47:11.280> nos?
Summary: The committee on Water and Land met on February 10, 2026, with Chair Mark Hashem outlining strict testimony rules and noting a time constraint because of later hearings and floor session obligations. The committee then took up several bills, hearing mostly supportive testimony on HB 1881 relating to land use, HB 2218 relating to DLNR/community management, and HB 1956 relating to freshwater waves, while HB 1845 relating to the Land Use Commission drew legal concerns and opposition. HB 2151 relating to building materials had no substantive testimony presented in the excerpt, and the committee moved through it quickly. On HB 1881, testimony focused on protecting North Shore lands from overdevelopment. A supporter described the area as valuable precisely because it remains largely undeveloped, and a member asked whether the bill’s restrictions on “finculars” would affect existing or future private residential installations; the response suggested the bill was aimed at future commercial uses and that grandfathering or personal-use exceptions might be possible, but the exact wording would need legal refinement. HB 2218 received broad support from OHA, DLNR, Kua, Sierra Club, Hui Maka Aana, the Honlay Initiative, and others, who said the measure would expand community-based co-management across DLNR divisions, build on existing park partnerships, and produce real benefits such as better stewardship, safer access, local jobs, and stronger community trust. Members asked about the bill’s five-year review structure, how multiple community groups would be handled, and whether the model could apply to ocean or nearshore areas; DLNR said the board would retain authority, agreements would be non-exclusive and subject to review, and the department was still working through how the approach would function across different divisions and marine settings. For HB 1956, the Attorney General offered technical comments, urging clearer definitions of “residing” and “freshwater way,” clearer timing for citations and arrests, and more explicit procedural safeguards and agency roles. On HB 1845, the Attorney General and Land Use Commission raised concerns that the bill could conflict with constitutional protections for important agricultural lands and could not be reconciled with existing voting requirements; the LUC also said commissioners cannot vote by proxy under sunshine law and warned that the bill could allow too few commissioners to approve major boundary changes. Members questioned how the bill would work in counties without designated important agricultural lands, and the LUC explained that Kauai is the only county to have completed the IAL process, while the broader statutory process remains county-driven and has been the subject of litigation. No votes or final committee actions were taken in the excerpt.
HI
Transcript Highlights:
  • >> Reservations. >> Reservations. >> Reservations. >> Reservations.
  • Reservations. Reservations. Reservations.
  • No votes reservations. reservations. reservations.
  • Are there any no votes, reservations? reservations? reservations?
  • >> Reservations. >> Reservations. >> Reservations.
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Jan 22nd, 2025

House Appropriations & Finance

Transcript Highlights:
  • That balance the budget with a certain reserve requirement, a certain reserve target based on the revenue
  • Number one, on page 29, we're talking about recurring appropriations and reserves, reserves of 38.4%.
  • Curves either through what reserves could have been in future years and what reserves currently are if
  • So all spending in some way reduces reserves.
  • So, ultimately, you set up a reserve target of 30%, which I think is the reserve target for the executive