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<div>Kavouss — during our 8-September CCWG call, you raised two questions that I promised to look into. </div>
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<div>First, you noted that our 2nd draft proposal, para 642, shows we we did 26 stress tests — the number we had in our first draft report. In our final report we will correct to reflect that we did 34 stress tests. </div>
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<div>Second, you reported that stress test 18 was not consistently described in the two places it appeared in our draft. </div>
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<div>I compared the stress test 18 table on page 85 with the table on page 103 (shown below). You are correct — there is an inconsistency. Para 833 on page 103 includes the phrase “due deference to GAC Advice” whereas that phrase does not appear in para
612 on page 85. We’ll drop that phrase in our next/final report. </div>
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<div>Regards,</div>
<div>Steve</div>
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