The Federal Reserve Bank of Dallas (the “Bank”) may videotape, audiotape, and/or photograph all or selected portions of this conference. Your registration as a participant in this conference, hereby provides the Bank “implied consent” to use any and all recordings and/or photographs that may include your voice or likeness without your prior inspection or approval. The Bank may exclusively publish or otherwise distribute at any time recordings and/or photographs from the conference in any manner it so chooses without limitation.