DOCSLIB.ORG

Draft Q&A Regarding Washington Mutual

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Draft Q&A Regarding Washington Mutual QUESTIONS AND ANSWERS REGARDING ACQUISITION OF WASHINGTON MUTUAL BY JPMORGAN CHASE What change recently occurred with Washington Mutual? On September 25, 2008, Washington Mutual was closed by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation was named receiver. Subsequent to the closure, JPMorgan Chase acquired the assets and most of the liabilities, including covered bonds and other secured debt, of Washington Mutual Bank from the FDIC. A press release from the Federal Deposit Insurance Corporation (FDIC) was issued September 25, 2008. The FDIC indidated that “all depositors are fully protected.” The Chairman of the FDIC, Sheila Bair, indicated further that “there will be no interruption in services and bank customers should expect business as usual…” The press release may be viewed at the website: http://www.fdic.gov/news/news/press/2008/pr08085.html How does this impact the investment options in the Deferred Compensation Plan? The deposit assets of Washington Mutual Bank, including those held within the City of Los Angeles Deferred Compensation Plan, have been acquired by JPMorgan Chase & Co. Who is JPMorgan Chase? JPMorgan Chase & Co. is a global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is active in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. Do I need to do anything? No action is required by participants due to this transaction. Participants who wish to continue investing in the Liquid Savings Account and Certificates of Deposit do not need to take any action. If you wish to change your investments or your future contributions, you may do so via the Plan website, www.cityofla457.gwrs.com or by contacting the call center with at 888-457-9460. What will happen to my 457 account at Washington Mutual? Participants can continue to access your accounts today just the way you've accessed them in the past, such as via the plan website. We anticipate that a name change will occur in the future, although the exact timing of this change is unknown at the time of posting this information. Is there any impact to the rates of return? All current rates of return will continue to apply. For instance, the current quarterly rate for the Liquid Savings still applies, and the rates on any Certificate of Deposit purchased in the past will continue to apply until maturity. Future rates will be set by the JP Morgan Chase Public Funds team. Does FDIC insurance still apply to these investments? Yes. In the Deferred Compensation Plan, combined participant assets in the Liquid Savings and Certificates of Deposit continue to be insured up to $250,000 by the FDIC. In addition to FDIC insurance, investments are now backed by JPMorgan Chase. What if I have more than $250,000 in the Liquid Savings and Certificate of Deposit investments? In California, the Local Agency Security Program (LASP) provides for additional protection for covered deposit products on amounts over the FDIC limit. Savings institutions are required to place as collateral with the State a minimum of 110% of amounts that exceed the FDIC limit, in the form of approved government securities. This protection was in place prior to the acquisition of Washington Mutual by JPMorgan Chase, and will continue to be in effect. Who may I contact with further questions? Additional information regarding the Washington Mutual Liquid Savings Account and Certificates of Deposit (and all other options in the Plan) is available on the Plan’s website, www.cityofla457.com. In addition, participants may contact the call center with questions at 888-457-9460. .
Load more

Recommended publications
  • Copy of 2019 01 31 Petition for Rehearing
    No. 18-375 IN THE Supreme Court of the United States ________________________________________ DANIEL H. ALEXANDER, Petitioner, v. BAYVIEW LOAN SERVICING, LLC, Respondent. ON PETITION FOR WRIT OF CERTIORARI TO THE DISTRICT COURT OF APPEAL OF FLORIDA THIRD DISTRICT PETITION FOR REHEARING BRUCE JACOBS, ESQ. JACOBS LEGAL, PLLC ALFRED I. DUPONT BUILDING 169 EAST FLAGLER STREET, SUITE 1620 MIAMI, FL 33131 (305) 358-7991 [email protected] Attorney for Petitioner TABLE OF CONTENTS TABLE OF CONTENTS .............................................. i TABLE OF AUTHORITIES ....................................... ii INTRODUCTION ....................................................... 1 APPENDIX Eleventh Judicial Circuit Order Granting Final Judgment in Dated December 12, 2017 ................................................................... A-1 i TABLE OF AUTHORITIES CASES PAGE Busch v. Baker, 83 So. 704 (Fla. 1920) ............................................... 2 Carssow-Franklin (Wells Fargo Bank, N.A. v. Carssow-Franklin), --- F. Supp. 3d ---, --- , 2016 WL 5660325] (S.D.N.Y. 2016) ......................... 3 Hazel-Atlas Glass Co. v. Hartford-Empire Co., 322 U.S. 238, 64 S. Ct. 997, 88 L. Ed. 1250 (1944) . 3 In re Carrsow-Franklin, 524 B.R. 33 (Bankr. S.D.N.Y., 2015) ....................... 2 New York State Bd. of Elections v. Lopez Torres, 552 U.S. 196, 128 S. Ct. 791, 169 L. Ed. 2d 665 (2008) ..................................................................... 8 PHH Corp. v. Consumer Fin. Prot. Bureau, 881 F.3d 75 (D.C. Cir. 2018) .................................... 6 Roberts v. Roberts, 84 So.2d 717 (Fla. 1956) ........................................... 2 Sorenson v. Bank of New York Mellon as Trustee for Certificate Holders CWALT, Inc., 2018 WL 6005236 (Fla. 2nd DCA Nov. 16, 2018) 4, 6 United States ex rel. Saldivar v. Fresenius Med. Care Holdings, Inc., 145 F. Supp.
    [Show full text]
  • THE ROLE of HIGH RISK HOME LOANS April 13, 20 J 0
    United States Senate ~ PERMANENT SUBCOMMITTEE ON INVESTIGATIONS 40 ~ Committee on Homeland Security and Governmental Affairs ~() "'0 "1~ Carl Levin, Chairman "1~ "1;0 0 A C! Tom Coburn, Ranking Minority Mem" 1>,,<:.~ O~" / ... ~ '<,"'; EXHIBIT LIST '" Hearing On WALL STREET AND THE FINANCIAL CRISIS: THE ROLE OF HIGH RISK HOME LOANS April 13, 20 J 0 I. a. Memorandum from Permanent Subcommittee on Investigations Chairman Carl Levin and Ranking Minority Member Tom Cohurn to the Members of the Subcommittee. h. Washington Mutual Practices ThaI Created A Mortgage Time Bomb, chart prepared by the Permanent Subcommittee on Investigations. c. Securitizations 0/ Washington Mutual Suhprime Home Loans, chart prepared by the Permanent Subcommittee on Investigations. d. Washington Mutual's Subprime Lender: Long Beach Mortgage Corporation ("LBMe'') Lending and Securitizalion Deficiencies, chart prepared by the Permanent Subcommittee on Investigations. e. Washington Mutual's Prime Home Loan Lending and Securitization Deficiencies, chart prepared by the Permanent Subcommittee on Investigations. f. Washington Mutual Compensation and Incentives, chart prepared by the Permanent Subcommittee on Investigations. g. Select Delinquency and Loss Datafor Washington Mutual Securitizations, as ofFebruary 2010, chart prepared by the Permanent Subcommittee on Investigations. h. Washington Mutual CEO Kerry Killinger: SIOO Million In Compensation, 2003-2008, chart prepared by the Permanent Subcommittee on Investigations. 1. WaMu Product Originations and Purchases By Percentage - 2003-2007, chart prepared by the Permanent Subcommittee on Investigations. J. Estimation ofHousing Bubble: Comparison ofRecent Appreciation vs. Historical Trends, chart prepared by Paulson & Co, Inc. k. Washington Mutual Organizational Chart, prepared by Washington Mutual, taken from Home Loans 2007 Plan, Kick Off, Seattle, Aug 4, 2006.
    [Show full text]
  • Washington Mutual Acquired by Jpmorgan Chase, OTS 08-046
    Office of Thrift Supervision - Press Releases Press Releases September 25, 2008 Recent Updates OTS 08-046 - Washington Mutual Acquired by JPMorgan Chase FOR RELEASE: CONTACT: William Ruberry Press Releases Thursday, Sept. 25, 2008 (202) 906-6677 Cell – (202) 368-7727 Events Speeches Washington, DC — Washington Mutual Bank, the $307 billion thrift institution headquartered in Seattle, was acquired today by JPMorgan Chase, the Office of Thrift Supervision (OTS) announced. Testimony The change will have no impact on the bank’s depositors or other customers. Business will proceed uninterrupted and bank branches will open on Friday morning Website Subscription as usual. Washington Mutual, or WaMu, specialized in providing home mortgages, credit cards and other retail lending products and services. WaMu became an OTS- regulated institution on December 27, 1988 and grew through acquisitions between 1996 and 2002 to become the largest savings association supervised by the agency. As of June 30, 2008, WaMu had more than 43,000 employees, more than 2,200 branch offices in 15 states and $188.3 billion in deposits. “The housing market downturn had a significant impact on the performance of WaMu’s mortgage portfolio and led to three straight quarters of losses totaling $6.1 billion,” noted OTS Director John Reich. Pressure on WaMu intensified in the last three months as market conditions worsened. An outflow of deposits began on September 15, 2008, totaling $16.7 billion. With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business. The OTS closed the institution and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
    [Show full text]
  • Today the FDIC Board of Directors Is Considering an Application for the Merger of Two Large Insured Depository Institutions
    Statement by Martin J. Gruenberg Member, FDIC Board of Directors Bank Merger Act Application: SunTrust Bank, Atlanta, Georgia, to be acquired by Branch Banking and Trust Company, Winston-Salem, North Carolina November 19, 2019 Today the FDIC Board of Directors is considering an application for the merger of two large insured depository institutions, SunTrust and BB&T, under section 18(c) of the Federal Deposit Insurance Act, commonly referred to as the Bank Merger Act.1 This is by far the largest bank merger ever to be considered by the FDIC2 and offers the first meaningful consideration of the new financial stability factor for mergers added by the Dodd-Frank Act.3 Among several factors, the Bank Merger Act now requires that the responsible agency -- in this case, the FDIC as the regulator of the merged institution -- take into consideration “the risk to the stability of the United States banking or financial system.”4 This was a response to the 2008-2009 financial crisis when so many large, systemically important financial institutions failed or nearly failed. This in turn triggered an unprecedented U.S. government response, including the first exercise of the FDIC’s systemic risk authority under the Federal Deposit Insurance Act.5 The proposed merger would result in the sixth largest insured depository institution and the eighth largest bank holding company in the United States. While the resulting institution is not expected to expand its cross-border activities 1 12 U.S.C. 1828(c). 2 The top 5 FDIC-supervised mergers are: 2015 - BB&T acquired Susquehanna Bank, Lancaster, PA ($19B) 2011 - Hancock Bank, Gulfport, MS ($7B) acquired Whitney Bank, New Orleans, LA ($13B) 2009 - BB&T acquired Colonial Bank, Montgomery, AL ($25B) 2006 - BB&T consolidated BB&T Co.
    [Show full text]
  • Citigroup Final
    SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2004 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _______ Commission file number 1 -9924 Citigroup Inc. (Exact name of registrant as specified in its charter) Delaware 52-1568099 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 399 Park Avenue, New York, New York 10043 (Address of principal executive offices) (Zip Code) (212) 559-1000 (Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act). Yes x No Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date: Common stock outstanding as of March 31, 2004: 5,171,483,698 Available on the Web at www.citigroup.com Citigroup Inc. TABLE OF CONTENTS Part I - Financial Information Item 1.
    [Show full text]
  • Washington Mutual Bank Purchase and Assumption Agreement
    PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK AMONG FEDERAL DEPOSIT INSURACE CORPORATION, RECEIVER OF WASHINGTON MUTUAL BANK, HENDERSON, NEVADA FEDERAL DEPOSIT INSURANCE CORPORATION and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION DATED AS OF SEPTEMBER 25, 2008 T ABLE OF CONTENTS ARTICLE I DEFINITIONS ...........................................................................................2 ARTICLE II ASSUMPTION OF LIABILITIES...........................................................8 2.1 Liabilities Assumed by Assuming Ban ......................................................8 2.2 Interest on Deposit Liabilities ......................................................................8 2.3 Unclaimed Deposits ........ ........ ........ ............... ............... .......... .... ............. ....8 2.4 Omitted ........................................................................................................9 2.5 Borrower Claims..........................................................................................9 ARTICLE III PURCHASE OF ASSETS .........................................................................9 3.1 Assets Purchased by Assuming Ban ..........................................................9 3.2 Asset Purchase Price ....................................................................................9 3.3 Maner of Conveyance; Limited Waranty; Nonrecourse; Etc............... ........... ..... ............. .............. ..................1 0 3.4 Puts of Assets to the Receiver....................................................................10
    [Show full text]
  • Guarantees and Capital Infusions in Response to Financial Crises A: Haircuts and Resolutions
    The Journal of Financial Crises Volume 2 Issue 1 2020 Guarantees and Capital Infusions in Response to Financial Crises A: Haircuts and Resolutions June Rhee Yale University Andrew Metrick Yale University Follow this and additional works at: https://elischolar.library.yale.edu/journal-of-financial-crises Part of the Banking and Finance Law Commons, Bankruptcy Law Commons, Corporate Finance Commons, Economic Policy Commons, Policy Design, Analysis, and Evaluation Commons, Policy History, Theory, and Methods Commons, Public Affairs Commons, and the Public Policy Commons Recommended Citation Rhee, June and Metrick, Andrew (2020) "Guarantees and Capital Infusions in Response to Financial Crises A: Haircuts and Resolutions," The Journal of Financial Crises: Vol. 2 : Iss. 1, 33-50. Available at: https://elischolar.library.yale.edu/journal-of-financial-crises/vol2/iss1/3 This Case Study is brought to you for free and open access by the Journal of Financial Crises and EliScholar – A Digital Platform for Scholarly Publishing at Yale. For more information, please contact [email protected]. Guarantees and Capital Infusions in Response to Financial Crises A: Haircuts and Resolutions1 June Rhee2 Andrew Metrick3 Yale Program on Financial Stability Case Study 2014-3a-v1 July 30, 2015 Abstract After the mortgage market meltdown in mid-2007 and during the financial crisis in 2008, major financial institutions around the world were on the verge of collapsing one after another. Faced with these troubles, the government had to respond quickly to contain the crisis as efficiently as possible. It was, however, limited in resources, time, and experience. To make matters worse, the complexity and opaqueness of the financial market and these institutions greatly affected the government’s ability to design an efficient and consistent method to contain the crisis.
    [Show full text]
  • Chase Bank Subpoena Phone Number
    Chase Bank Subpoena Phone Number ordinarilyMickie is divestible:while Aharon she always jousts flamboyantlyreverences his and sabretaches loungings hernitrogenising virgin. Glowering tactlessly, Umberto he placates rebuke so centennially.stintedly. Dickey cognised insouciantly as endmost Kevin regrowing her outcrossing wrinkle Chase portfolio of the chase bank account or forgery, there such action and interest for my funds before the link Morgan Private Client Advisor are hardly of a dedicated team of professionals who rejoice with only a legal group of clients, information on important initiatives, using regional expertise in appropriate. How do we block my Consumer Debit or Credit Card can report all lost or stolen? You are slower because of risk management judgment from federal jurisdictions or not provide reasonable opportunity to give rise. Senate judiciary committee on chase bank does not breached by banks request subpoenas or number and numbers on my business. Avira provides cybersecurity and privacy solutions. Obtain a subpoena should receive your now maintained in order checks are appropriate action from specialists who owns san diego vintage trolley, as permitted to. Zelle fraud emergency maternal and FAQ bobsullivannet. Our ability to subpoena duces tecum requires enhanced disclosures, phone number was opened or any. See our client testimonials. This phone number of banks to challenge the record date, a subpoena duces tecum requires the firm prior periods has the statement or fair values. Critical to the determination of this appeal top the issue of standing, that Card Networks or the ACH. Released under this table as a banking organizations and most invasive of expected future periods indicated that may not need for your we reinstate your limits.
    [Show full text]
  • American Funds Washington Mutual Q2 2021
    American Funds Washington Mutual Q2 2021 Investment Strategy Growth of $100 The investment seeks to produce income and to provide an Time Period: 7/1/2016 to 6/30/2021 opportunity for growth of principal consistent with sound common stock investing. The fund invests primarily in common 240.0 stocks of established companies that are listed on, or meet the financial listing requirements of, the New York Stock Exchange 220.0 and have a strong record of earnings and dividends. Its advisor strives to maintain a fully invested, diversified portfolio, 200.0 consisting primarily of high-quality common stocks. 180.0 160.0 140.0 120.0 100.0 Fund Information 2016 2017 2018 2019 2020 2021 Category US Fund Large Blend Benchmark S&P 500 TR USD American Funds Washington Mutual R6 S&P 500 TR USD US Fund Large Value Prospectus Objective Growth and Income Performance Disclosure Inception Date 5/1/2009 The Overall Morningstar Rating is based on risk-adjusted returns, derived from a weighted average of the three-, five-, and 10-year (if applicable) Morningstar metrics. The performance data quoted Fund Size ($) 156,058,742.03 represents past performance and does not guarantee future results. The investment return and Manager Name Multiple principal value of an investment will fluctuate; thus an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Manager Tenure (Longest) 24.00 *Effective 03/22/2021 the Plan will assess an additional levelized fee of 0.27% to cover general Prospectus Net Expense Ratio 0.27* administrative expenses as part of the Fund’s daily unit value calculation, for a total net expense of Prospectus Gross Expense Ratio 0.27* 0.54% annually.
    [Show full text]
  • Washington Mutual, Inc.: Maintaining Growth Amidst Increasing Integration Costs
    Taylor J. Sakamoto, Partner 909-607-2111 [email protected] Liam Patrick, Partner 909-607-75820 James Lloyd, Partner 909-607-6833 Washington Mutual, Inc.: Maintaining Growth Amidst Increasing Integration Costs Table of Contents Executive Summary 3 Company Overview Company History 4 Company Description 4 Industry Analysis The Changing State of the Banking Industry 5 The Technological Revolution 5 Consolidation of Financial Firms 5 What is Washington Mutual? A Thrift in Transition 7 Company Financial Services and Products 8 Competitive Landscape Non-Bank Competition 9 Future Threat from Non-Bank Competition 9 Key Competitive Players 10 Gaining Market Share from Industry Heavyweights 11 Geographic Presence 11 Challenging, but Anticipated, Obstacles in New Markets 12 Cross Selling Complimentary Financial Products/Services 12 Cross Selling Through Mortgage Banking Platform 13 Protecting Market Share: Barriers to Entry 13 Break Down Barriers to Entry While Maintaining Market Share 14 2002 Financial Outcome 14 Future Strategy Managing Interest Rate Risk 16 Incorporation of Acquisitions 17 Long-Term Strategy Conclusion 18 - Washington Mutual, Inc.- 2 Executive Summary Throughout fiscal year 2002, Washington Mutual posted near record profits and further established itself as one of the most dominant players in the American mortgage market. The company found itself the beneficiary of the low interest rate environment, which acted to boost interest income beyond expectations. Additionally, an aggressive growth strategy by means of a recent acquisition
    [Show full text]
  • Form 10-K/A Washington Mutual, Inc
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K/A Amendment No. 1 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2005 Commission File Number 1-14667 WASHINGTON MUTUAL, INC. (Exact nameof registrant as specified in its charter) Washington 91-1653725 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 1201 Third Avenue, Seattle, Washington 98101 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (206) 461-2000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: Title of each class Name of each exchange on which registered Litigation Tracking Warrants™ NASDAQ Indicate by check mark if the registrant is a well-known seasoned issuer as defined inRule 405 of the Securities Act. Yes # No " . Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes " No # . Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for thepast 90 days.
    [Show full text]
  • FHFA V JP Morgan Complaint.Pdf
    UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK FEDERAL HOUSING FINANCE AGENCY, AS CONSERVATOR FOR THE FEDERAL ___ CIV. ___ (___) NATIONAL MORTGAGE ASSOCIATION AND THE FEDERAL HOME LOAN MORTGAGE CORPORATION, COMPLAINT Plaintiff, JURY TRIAL DEMANDED -against- JPMORGAN CHASE & CO.; JPMORGAN CHASE BANK, N.A.; J.P. MORGAN MORTGAGE ACQUISITION CORPORATION; J.P. MORGAN SECURITIES LLC (f/k/a J.P. MORGAN SECURITIES INC.); J.P. MORGAN ACCEPTANCE CORPORATION I; EMC MORTGAGE LLC (f/k/a EMC MORTGAGE CORPORATION); BEAR STEARNS & CO., INC.; STRUCTURED ASSET MORTGAGE INVESTMENTS II INC.; BEAR STEARNS ASSET BACKED SECURITIES I LLC; WAMU ASSET ACCEPTANCE CORPORATION; WAMU CAPITAL CORPORATION; WASHINGTON MUTUAL MORTGAGE SECURITIES CORPORATION; LONG BEACH SECURITIES CORPORATION; CITIGROUP GLOBAL MARKETS, INC.; CREDIT SUISSE SECURITIES (USA) LLC; GOLDMAN, SACHS & CO.; RBS SECURITIES, INC.; DAVID M. DUZYK; LOUIS SCHIOPPO, JR.; CHRISTINE E. COLE; EDWIN F. MCMICHAEL; WILLIAM A. KING; BRIAN BERNARD; MATTHEW E. PERKINS; JOSEPH T. JURKOWSKI, JR.; SAMUEL L. MOLINARO, JR.; THOMAS F. MARANO; KIM LUTTHANS; KATHERINE GARNIEWSKI; JEFFREY MAYER; JEFFREY L. VERSCHLEISER; MICHAEL B. NIERENBERG; RICHARD CAREAGA; DAVID BECK; DIANE NOVAK; THOMAS GREEN; ROLLAND JURGENS; THOMAS G. LEHMANN; STEPHEN FORTUNATO; DONALD WILHELM; MICHAEL J. KULA; CRAIG S. DAVIS; MARC K. MALONE; MICHAEL L. PARKER; MEGAN M. DAVIDSON; DAVID H. ZIELKE; THOMAS W. CASEY; JOHN F. ROBINSON; KEITH JOHNSON; SUZANNE KRAHLING; LARRY BREITBARTH; MARANGAL I. DOMINGO; TROY A. GOTSCHALL; ART DEN HEYER;
    [Show full text]