This call will include comments and forward-looking statements based on current plans, expectations, events and financial industry trends that may affect the company’s future operating results and financial position. Such statements involve risks and uncertainties and future activities and results may differ materially from these expectations.The speakers on this call claim the protection of the Safe Harbor provisions contained in the Securities Litigation Reform Act of 1995. For a complete discussion of the risks and uncertainties that may cause actual results to differ materially from expected results, see the company’s Annual Report on Form 10-K for the year ended December 31, 2010. This afternoon, City National issued a news release outlining its first quarter 2012 financial results, to obtain a copy, please visit our website at cnb.com. Now I'll turn the call over to our CEO, Russell Goldsmith. Russell Goldsmith Good afternoon and thank you all for joining us again. I'm pleased to report to you today that City National announced this afternoon that its first quarter net income was $46.3 million, a 17% increase from the first quarter of 2011. This is $0.86 a share, up from $0.74 last year. The first quarter was quite solid. Assets grew 11% from the first quarter of last year reaching a new City National record of $24 billion in assets. Loans and deposits both grew at double-digit rates and credit quality continued to improve. Of course, City National still faces the challenges of extremely low interest rates and a modestly recovering economy, like the rest of the banking industry and that impacts our performance. At the same time we are also investing selectively as we always do in a number of good opportunities and additional capabilities that will build long-term value for our shareholders and our clients. In a few minutes Chris Carey and I will be happy to take your questions. First though, we’d both like to briefly discuss some of the first quarter highlights. Let me start with loan growth. Average loans excluding of course our covered loans were $12.4 billion which is an increase of 10% from the first quarter of last year.