I want to of color in my spring attire but have no desire to spend cold, it's to presume there is that suffering is not going with me. The solution to all my problems a simple garment provides me as the color jackets. Everything a rainbow of blazers flooded the looks of the famous Spring 2012.
We dress of Zara, Olivia Palermo wears Zara and the models also wear Zara. Sounds you that jacket that Hilary Rhoda leads? Indeed, Zara is and you can find it for 69.95 euros. The model takes her holidays, and also you can do it for very little.
I have a Fuchsia, much like Carrie Underwood, which looks and I put the days that I wake up strong.
Emmy Rossum is in Red, She combines it with black for air travel.
Kristin Cavallari is those pregnant who nevertheless are not lowered its scaffolding. Better stay with your yellow jacket, to help conceal belly.
Which is lately everywhere is Kim Kardashian with two looks quite acceptable for what it is. Now it will be thanks to Kanye West will become a style icon of the real.
And Emma Stone shows that it is a valid option also for a night event, that Yes, always with high heels.
As you can see in the photos of the famous, stay well if you choose Add color with shirts and pants as if the combine with basic: black pants, white shirts, black dresses, jeans, etc. It all depends on where you want to get you to the game of Colorín.
If you like these jackets of colors, you can find them easily in the shops at very reasonable prices.
In Topshop have it in Yellow (and in many other colors), for 52 euros.
Massimo Dutti have it in Orange for 125 euros.
If you like in Turquoise Blue, White jacket has your name and will cost you EUR 35,99.
If you prefer it in Green and edged in blue, pointing this jacket of Goose cuuyo price is 165 euros.
At Asos are decanted by the electric blue (46,66 euros) and the Fuchsia (53,32 euros). Always in fashion.


-I just don't feel like it anymore. I am tired of pretending. - he said calm in the phone. She was breaking apart, that's why she have called him. But hearing his words broke the last piece of her.
-I just don't feel like it anymore. I am tired of pretending. - he said calm in the phone.
She was breaking apart, that's why she have called him. But hearing his words broke the last piece of her.
She put her phone away looking down on the moon reflection in the watter under her.
She listen how hard watter crash agaist the rocks. But for her it sound like music. Like calming call.
With that she take the one step that send her flying down.
When her body crush in the watter hitting the hard rocks under it, all she did was take deep breath letting her tired body to the rest.


text:
Haliclystus octoradiatus, common name spotted kaleidoscope jellyfish, is a stalked jellyfish in the family Lucernariidae.

Description
The bell of large specimens may be 25mm in diameter. However, specimens with a 10mm bell is far more commonly observed.

The colour varies greatly. Specimens that appear quite opaque may be orange-brown, olive-brown, red, orange, or may appear locally green. Specimens that seem more translucent may appear brown and aqua, or almost white in colour.

The morphology and colour of the calyx may differ greatly from specimen to specimen. The primary tentacles (anchors) may range in appearance from orbicular to suborbicular. The length of the calyx and stalk are approximately the same. There are 30 to 120 secondary tentacles arranged in clusters at the tip of the arms. Each conad contains 10 to 70 gonadal sacs.

This species is commonly mis-recorded as Haliclystus auricula. It was separated from this species in 1997. Although similar in appearance, there are  white nematocyst clusters present in both perradii and interradii of Haliclystus octoradiatus. Also, the anchors of Haliclystus octoradiatus are large, globular, and knob-shaped.

Distribution
This species is abundant in the waters off the coast of Cornwall. There, it is likely the most observed species in the genus Haliclystus.

Diet
Haliclystus octoradiatus has been seen eating small invertebrates, amphipods, and sea spiders.

References

External links

Haliclystidae
Animals described in 1863

redpajama_set_name: RedPajamaWikipedia


text:
The end of the Australian tennis brat pack?
For years, Australian tennis fans have reluctantly waved their flags to support two local products that are polarising - at best.
Following Bernard Tomic and Nick Kygios has been a frustrating experience, to say the least.
Tomic has plummetted to 140 in the world, was denied a wildcard to the Australian Open and rumours won't die that he is going trade in his racket for a place on reality television show I'm a Celebrity, Get me out of Here'.
Years of underperforming, bizarre rants and off-court incidents have taken their toll.
Nick Kyrgios has better stock, sitting at 21 in the world. But the prodigious talent has been dogged with allegations of tanking, disrespect to his fans and a cavalier attitude that earns him little respect.
He is carrying a knee injury through the Brisbane International right now and is no certainty to make any impact at the Australian Open.
But now there are two young talents on the scene and a veteran who refuses to give up, without the arrogance.
Alex De Minaur stuns Australian tennis by dispatching Milos Raonic
Alex De Minaur stunned Australian tennis fans with a straight sets win over Milos Raonic
The Brisbane International has been a famous venue for classic upsets. And 18-year-old Alex De Minaur served up the biggest one yet with a famous victory over former world No.3 Milos Raonic.
Mentored by Australian tennis legend and former world No.1 Lleyton Hewitt, the best part of De Minaur's victory was his response post-match.
"It's going to take a while for me to believe what's happened just now," he said.
""I was going to come out here, compete my hardest and give it my all and I actually ended up playing an unbelievable match."
The comeback of Thanasi Kokkinakis
Thanasi Kokkinakis has returned to the Australian tennis circuit
When Kyrgios first caught the attention of the Australian public, there was another young gun also making waves - Thanasi Kokkinakis.
But injury has stalled the young gun's progress and he has been using the Hopman Cup as a vehicle to return to the elite levels of tennis.
The team of Kokkinakis and Daria Gavrilova got past Canada, but lost to Belgium. Victory over Germany on Friday could still see the pair reach the final, where Roger Federer would likely await.
Brave Millman impresses again at home
Australian tennis player John Millman pushed world No.3 Grigor Dimitrov all the way
Brisbane's John Millman has made strong impressions before at his hometown event, the Brisbane International.
Millman has previously taken a set off Andy Murray at the fixture and also paced Federer by a set and a break in 2015.
Last night, he pushed world No.3 Grigor Dimitrov in a tough 4-6, 7-6, (10-8), 6-3 loss.
Amazingly, tennis fans savaged Millman on social media for the loss. Kyrgios has made a habit of clapping back at disgruntled fans on social media, but Millman showed his class.
"I can be proud of giving everything. That's tennis," he said.
"It would have been one of the highlights of my career to win here - I'd have loved it to win in front of my home crowd who stuck it out after midnight to watch me play."
How to become a tennis betting champion
Hopman Cup preview: will Roger Federer dominate?
5 times politics collided with sport
About the Author	Josh Alston
Josh Alston is a hack with over 12 years industry experience, covering sport across all codes for newspapers and online agencies. Known to frequent grade matches because of their cheap tinnies. Eventually graduated with a Bachelor of Journalism and a Masters in sitting on the hill when the local cricket side was playing. Softball premiership winner, rugby league legend in Year 10 and no stranger to Doomben Racecourse.
Why tennis needs Nick Kyrgios (and why Australia needs to forgive him)
How our local talent will line up at the Australian Open
Previous Post 5 times politics collided with sport Next Post NRL season preview: Wests Tigers

redpajama_set_name: RedPajamaCommonCrawl


text:
Planned Parenthood details incident that led to West Seneca police officer's suspension
WEST SENECA, N.Y. (WKBW) — The West Seneca Police Department has suspended an officer while it investigates an incident at the town's Planned Parenthood clinic.
The department has not released details of the incident, other than confirming it was dispatched to the clinic on Friday and is aware of second-hand information circulating on social media.
"We have been in contact with the Administrative Staff from Planned Parenthood and are conducting a joint investigation into incident and allegations made regarding the demeanor of an officer who responded to the situation," a post on the department's Facebook page reads. "The officer in question has been suspended from duty pending the outcome of this investigation."
The department asked for patience while it determined the next steps.
"We ask that interested parties allow us to work with Planned Parenthood and give us an opportunity to compile specifics as to what occurred so we can make corrective measures as the facts dictate," the department says.
Wednesday, Planned Parenthood of Central and Western New York (PPCWNY) released details of the incident.
Planned Parenthood says an individual arrived to the West Seneca health center and demanded to speak to his partner who he believed was receiving treatment there. In the process, officials say the individual's behavior became a threat and he was asked to leave.
After leaving the individual attempted to enter again and kicked the door several times which caused the staff to call police.
According to Planned Parenthood, after the responding officer found out a Black Lives Matter sign in the window belonged to the organization the officer berated the staff for supporting the movement and left after refusing to respond to the call.
PPCWNY released the following statement in regards to the incident:
"Planned Parenthood of Central and Western New York is in communication with the appropriate officials at West Seneca Police department, and at this point in time is satisfied with their swift disciplinary action. We understand the officer in question has been suspended pending an investigation into the incident.
Planned Parenthood stands in solidarity with Black Lives Matter because the movement demands change and strives to dismantle systemic racism. We know that systemic racism permeates every American institutionꟷthe criminal justice system, health care, housing, and more. The foundation of this country was built on systemic racism and the free labor of enslaved Black people. PPCWNY will continue to demand accountability, justice and an end to the inequity that continues to define every moment of life for Black America."
West Seneca Town Supervisor Gary Dickson released the following statement on the incident Wednesday:
"The West Seneca Police Department has partnered with Planned Parenthood to conduct a full investigation into alleged misconduct by a police officer. While the investigation is ongoing, the officer in question has been suspended. Eyewitness accounts and all other pieces of evidence are currently being collected and reviewed. I have complete confidence in the ability of our Police Department to investigate the matter thoroughly. If warranted, at the conclusion of the investigation, appropriate action will be taken. Until then, I will have no further comment on the situation. Thank you."


Project Summary: Chronic diseases prevention and management joint with rehabilitation programs establishes a true challenge to the health care community. Epidemiological studies point to an increased prevalence of cardiovascular and chronic diseases, and specifies the supervised physical activity as a strong tool to control the progression thereof.
This project will create a global health community program, centered in a platform with a mobile App and a dashboard, aimed to monitor physical activity, being divided into 4 main modules, targeting several branches of the population. This program enables exercise prescription and monitor user's performance and adherence, in metabolic diseases patients by (MOVIDA.cronos), to draw and follow a cardiac rehabilitation program (MOVIDA.eros), to track and quantify indoor movements (MOVIDA.domus), and also to access to a stratified training circuit, for maintain or improve fitness level (MOVIDA.polis).
The project enrolls three academic partners and included research institutes, but also health and community stakeholders. Students from engineering and health sciences will be integrated in the project, benefiting of this interdisciplinary environment.


text:
Royal Navy's future type-26 ship programme moves ahead
Rolls-Royce, MTU, David Brown Gear Systems and Rohde & Schwarz have been awarded contracts for propulsion and communications equipments in support of the UK Royal Navy's type-26 Global Combat Ships (GCS) programme.
Rolls-Royce, MTU, David Brown Gear Systems and Rohde & Schwarz have been awarded contracts for propulsion and communications equipments in support of the UK Royal Navy's type-26 Global Combat Ships (GCS) programme.
Rohde & Schwarz has been selected for the design phase of the integrated communications system while David Brown will develop the gearbox for the programme.
In addition, Tognum subsidiary MTU Friedrichshafen and Rolls-Royce will partner to design the diesel generator sets for the future type-26 vessels, as part of the contracts.
Rolls-Royce will deliver and integrate MT30 gas turbines with four of Tognum's MTU high-speed diesel generator sets to power the ships.
BAE Systems type-26 global combat ship programme director Geoff Searle said that the company is currently working closely with the UK Ministry of Defence (MoD) to develop detailed design of systems and equipment for the ships.
"The type-26 global combat ships will be designed to conduct anti-submarine warfare."
BAE has awarded the subcontract and also unveiled the computer imagery of the type-26 ships at the ongoing Defence Services Equipment International (DSEI) exhibition in London, UK, representing the maturity of the design.
Intended to replace the aging type-23 Duke-class ships from 2020, the type-26 global combat ships will be designed to conduct anti-submarine warfare, air defence and general purpose missions as well as to provide humanitarian assistance.
Rolls-Royce's naval president, Don Roussinos, said: "The type-26 will combine a range of marine technologies, and it is the sophisticated integration of this equipment that will ensure these ships will be highly flexible and efficient, whatever the mission."
Following main investment decision, the construction of the ships in two variants, anti-submarine warfare and general purpose, is expected to begin in 2016 and the first type-26 ship would be commissioned as soon as possible after 2020.
Image: illustration of new type-26 Global Combat Ship. Photo: courtesy of BAE systems.
Submarine Masts and Components
12thLevel
Information Management Software for the Defence Sector
FuseRing
Fusion Solutions for the Naval Industry


Cover Image: At 11:50 am on March 18,1915, a photographer from the San Diego Union snapped this picture of the old Santa Fe station as two railroad engines pulled the tower to earth. The new Santa Fe station appears in the background. UT8162.
Page iv. El Cajon Valley from Grossmont, 1909.
Page 71. Cliffs of La Jolla, ca. 1900s.
Page 72. Child beauty contest at Mission Beach, 1920s.
Page 74. Fan dancer Sally Rand at the 1935 California Pacific Exposition.
Page 75. Serra Museum dedication ceremonies, July 16, 1929.
Page 76. San Diego High School students wearing mandatory "flu masks," December 1918.
Page 78. Demonstration by hot rod dragsters, El Cajon Boulevard, 1960.
Page 80. Swimming lessons for servicemen, Balboa Park, 1915-1916.
Page 82. Dr. Thomas Faulconer examining 'Mike' at San Diego Zoo, 1924.
Page 83. Kelp processing at American Agar Co., 1930s.
Page 84. Westgate Cannery, 1930s.
Page 85. Eddie's Bar, 1941.
Page 87. "Human Fly" ascends U.S. Grant Hotel, 1920s.
Page 88. "Harlem After Dark," the Creole Palace at the Douglas Hotel, 1930s.
Page 90. Sweetwater Trestle of San Diego Flume Co., 1887.
Page 91. Launching of the concrete ship Cuyamaca, June 12, 1920.
Page 92. Maria Louisa separating corn meal, 1903.
Page 94. Ocean-going log raft of the Benson Lumber Company, 1908.
Page 95. Matador, Bette Ford in Tijuana, 1955.
Page 96. Homestead and Aryan Temple of the Theosophical Society, ca. 1903.
Page 99. "Mayor of Chinatown" Ah Quin and family, 1900.
Page 100. Ladies wrapping lampshades, Mission Industries, National City, 1949.
Page 102. Golfcraft Manufacturing Co., Escondido, 1954.
Page 105. Bing Crosby with Dorothy Lamour at the opening of the Del Mar Racing season, 1938.
Page 107. Organ Pavilion, Balboa Park, 1915.
Page 109. Tent City and Hotel Del Coronado, Coronado, 1904.
Page 110. Mission San Diego, ca. 1900s.
Page 111. G.A.R. Parade in front of Horton House, 1899.
Page 112. San Diego City Hall at 5th and G.
Page 114. San Diego skyline, ca. 1886.
Page 116. U.S. Airmail car and plane, 1930.
Page 119. "Ingenues" Saxaphone Band with Cowboy Strickland at the Fine Arts Gallery, 1935.
Page 120. El Paso Saloon on "K" Street, 1887.
Page 123. Herbert Hoover in rolling chair, Balboa Park, 1935.
Page 124. V-J Day, downtown San Diego, 1945.
Page 128. Balboa Park area, 1915.
Page 130. International border at San Ysidro, ca. 1925.
Page 131. Gaskill Brothers store in Campo, 1880s.
Page 134. Wind and Sea Surf Club members, 1963.
Page 135. Highway 101 to San Diego, 1961.
Page 138. Workers on the stack of the San Diego steamer Harvard.
Page 141. Waffle's Cafe, East San Diego, 1927.
Page 143. Beatles press conference in San Diego, August 28, 1965.
Page 146. Lane Field and San Diego Bay, 1937.
Page 148. Pacific Steamship Wharf, ca. 1890.
Page 149. Moving a house to Coronado, ca. 1904-1908.
Page 150. Building Clairemont, 1950s.
Page 152. San Diego from the Bay, 1953.
Page 155. San Diego Free Public Library.
Page 156. Franklin D. Roosevelt (center, standing with cane) at the Panama-California Exposition, 1915.
Page 159. Construction of the Hotel Del Coronado, 1887.
Page 160. Exposition workers rushing for paychecks in front of Women's Palace, December 18, 1934.
Page 163. Train at La Jolla, 1908.
Page 164. Old Town looking southwest, 1898.
Page 167. Broadway Pier, 1925.
Page 168. San Diego Electric Railway double-deck car #1, 1892.
Page 169. Fireman using the "water cure" on Wobblie demonstrators, 1912.
Page 171. Making tiles for Casa de Estudillo, Old Town, 1909.
Page 172. Fishing at Coronado, 1905.
Page 174. Pacific Beach, ca. 1904.
Page 177. The San Diego Police "dry squad" testing a still, 1930.
Page 178. Ted Williams, with Boston Red Sox scout Eddie Collins and Padres' owner Bill Lane, June 26, 1936.
Page 180. Norman Baynard photograph of Carver National Life Insurance, 1950s.
Page 181. Charles Schneider photograph of diver for American Agar, 1965.
Page 189. The Isotope Lab at Scripps Institution, June 1959.
Page 190. Aftermath the "Hatfield Flood," Sweetwater Dam, January 30, 1916.
Page 209. H. K. Morishita and K. Goto on January 2, 1942.


text:
Record Mart
Record Mart originally opened in 1958 in the 14th street Union Square Subway Station. In 1961, a second, larger location was opened in the Times Square Subway Station. The 14th Street location was forced to close in 1975 due to subway renovations. The 42nd Street location remained open until 1998 when also due to subway renovation, was forced to close.
In 2007, Record Mart reopened again at the 42nd Street location on the IRT level opposite the Shuttle Train.
Originally opened as a Record Store, carrying English popular music, proprietors Jesse Moskowitz and Bob Stack noticed that many of their customers were of Latin decent. A large fraction of the clientele were Puerto Ricans working in factories in the Downtown area, so Jesse and Bob decided to start carrying more music that their main clientele desired. Eventually, Record Mart became known as a place that specialized in Latin music. They also carried an extensive collection of Jazz, Classical and Caribbean music.
Sometime in the 1970s, Bob Stack left Record Mart and left Jesse to continue running the store with his dedicated staff. A few of those staff members even returned to Record Mart upon it's reopening in 2007. Most notably, Harry Sepulveda, considered one of the most knowledgeable people in the world when it comes to Latin music. Especially Salsa, traditional Puerto Rican and Cuban music. On any album, Harry can often spout out the label, the year it came out, the musicians as well as who did the arrangements. In 1998, Peter Watrous of the New York Times, wrote an insightful article in the Times dubbing Harry the "One-Man University of Latin Music."
Today, Record Mart carries more than just music. With the ever changing landcape in the music industry, we can not just cell CD's or LP's. Make no mistake, our identity is still that of a Latin music store. We stock over forty thousand CD's and in the last year, with the resurgence of LP's have been steadily growing our Vinyl inventory. We offer a large selection of DVD's as well. Even though streaming is on the rise, we continue to offer great deals on movies and music videos.
Electronics are an integral part of the new Record Mart since reopening in 2007. We carry a very large selection of headphones from brands like Skullcandy, Beats, Grado, JBL, Monster and many more. All of whom we buy direct and are authorized dealers of.
We are an authorized GoPro dealer as well and carry their full line of cameras and accessories.
Rounding out our inventory, we carry all your charging needs, phone cases and just about any mobile accessory that you could think of.
7 Times Sq, New York, NY 10036, USA
Also Sells
Page last updated 1 year ago by 33anda3rdRecords


Trust curiosity, it can be your friend.
A lesson is always learned throughout and insight gained.
Eventually we will look back and realize greatness has ensued.
We are living the good life.
Still with the valleys of course, but many more hills than valleys.
So, do the next best thing my friends.
In fact, I think its better that you don't.
Oh how many wild and crazy adventures you may miss out on because of a plan.
Do the next best thing.


text:
Edited Transcript of JPM earnings conference call or presentation 12-Apr-19 12:30pm GMT
Thomson Reuters StreetEvents• April 18, 2019
Q1 2019 JPMorgan Chase & Co Earnings Call
NEW YORK Apr 18, 2019 (Thomson StreetEvents) -- Edited Transcript of JPMorgan Chase & Co earnings conference call or presentation Friday, April 12, 2019 at 12:30:00pm GMT
TEXT version of Transcript
================================================================================
Corporate Participants
* James Dimon
JPMorgan Chase & Co. - Chairman & CEO
* Marianne Lake
JPMorgan Chase & Co. - Executive VP & CFO
Conference Call Participants
* Alevizos Alevizakos
HSBC, Research Division - Analyst
* Andrew Lim
Societe Generale Cross Asset Research - Equity Analyst
* Betsy Lynn Graseck
Morgan Stanley, Research Division - MD
* Brian Matthew Kleinhanzl
Keefe, Bruyette, & Woods, Inc., Research Division - Director
* Erika Najarian
BofA Merrill Lynch, Research Division - MD and Head of US Banks Equity Research
* Gerard S. Cassidy
RBC Capital Markets, LLC, Research Division - Analyst
* Glenn Paul Schorr
Evercore ISI Institutional Equities, Research Division - Senior MD & Senior Research Analyst
* James Francis Mitchell
The Buckingham Research Group Incorporated - Research Analyst
* John McDonald
Autonomous Research - Analyst
* Kenneth Michael Usdin
Jefferies LLC, Research Division - MD and Senior Equity Research Analyst
* Marlin Lacey Mosby
Vining Sparks IBG, LP, Research Division - Director of Banking & Equity Strategies
* Matthew D. O'Connor
Deutsche Bank AG, Research Division - MD in Equity Research
* Michael Lawrence Mayo
Wells Fargo Securities, LLC, Research Division - Senior Analyst
* Saul Martinez
UBS Investment Bank, Research Division - MD & Analyst
* Steven Joseph Chubak
Wolfe Research, LLC - Director of Equity Research
Operator [1]
Good morning, ladies and gentlemen. Welcome to JPMorgan Chase's First Quarter 2019 Earnings Call. This call is being recorded. (Operator Instructions) At this time, I would like to turn the call over to JPMorgan Chase's Chairman and CEO, Jamie Dimon; and Chief Financial Officer, Marianne Lake. Ms. Lake, please go ahead.
Marianne Lake, JPMorgan Chase & Co. - Executive VP & CFO [2]
Thank you, operator. Good morning, everybody. I'm going to take you through the earnings presentation, which is available on our website. Please refer to the disclaimer at the back of the presentation.
Starting on Page 1. The firm reported record net income of $9.2 billion and EPS of $2.65 on record revenue of nearly $30 billion with a return on tangible common equity of 19%. The results this quarter were strong and broad-based.
Highlights include core loan growth ex CIB of 5% with loan trends continuing to progress as expected. Credit performance remained strong across businesses. We saw record client investment assets in Consumer of over $300 billion and record new money flows this quarter. And double-digit growth in both Card sales and merchant processing volume, up 10% and 13%, respectively. We ranked #1 in Global IB fees and gained meaningful share with share well above 9% this quarter. In the Commercial Bank, we had record growth IB revenue. In Asset & Wealth Management, record AUM and client assets. And the firm delivered another quarter of strong positive operating leverage.
Turning to Page 2, and talking into more detail about the first quarter. Revenue of $29.9 billion was up $1.3 billion or 5% year-on-year driven by net interest income which was up $1.1 billion or 8% on higher rates as well as balance sheet growth and mix. Noninterest revenue was up slightly as reported. But excluding fair value gains on the implementation of a new accounting standard last year, NIR would have been up 5%, reflecting Auto lease growth and strong Investment Banking fees, and while Markets revenue was lower, there were other items more than offsetting.
Expense of $16.4 billion was up 2% relating to continued investments we're making in technology, real estate, marketing and front office, partially offset by a reduction in FDIC charges of a little over $200 million. Credit remained favorable across both Consumer and Wholesale. Credit costs of $1.5 billion were up $330 million year-on-year driven by changes in Wholesale reserves.
In Consumer, charge-offs were in line with expectations and there were no changes to reserve this quarter. In Wholesale, we had about $180 million of credit costs driven by reserve build on select C&I client downgrades and recall that there was a net release last year related to energy. Once again, these downgrades were idiosyncratic. It was a handful of names and across sectors. Net reserve builds of this order of magnitude are extremely modest given the size of our portfolios, and we are not seeing signs of deterioration.
Moving on to Page 3 and balance sheet and capital. We ended the quarter with a CET1 ratio of 12.1%, up modestly from last quarter with the benefit of strong earnings and AOCI gains given rallying rates being partially offset by slightly higher risk-weighted assets. RWA is up primarily due to higher counterparty credit on trading activity, but notably this quarter being offset by lower loans across businesses on a spot basis.
Quarter-on-quarter, loans were down in Home Lending as a result of a loan sale transaction in the CIB and the result of a large syndication and in Card and Asset & Wealth Management seasoning. Also in the page, total assets are up over $100 billion quarter-on-quarter, principally driven by higher CIB trading assets, in part, a normalization from lower levels at the end of the year given market conditions. Lower end-of-period loans are partially offset by Treasury balances, including higher securities.
In the quarter, the firm distributed $7.4 billion of capital to shareholders including $4.7 billion of share repurchases, as our -- pre-submitted our 2019 CCAR capital plan to the Federal Reserve.
Moving to Consumer & Community Banking on Page 4. CCB generated net income of $4 billion and an ROE of 30% with consumers remaining strong and confident. Core loans were up 4% here year-on-year driven by Home Lending and Cards both up 6% and Business Banking up 3%. Deposits grew 3%, in line with our expectations, and we believe we continue to outperform. Client investment assets were up 13% driven by record new money flows reflecting growth across physical and digital channels including You Invest. We also announced plans to open 90 branches this year in new markets.
Revenue of $13.8 billion was up 9%. Consumer & Business Banking revenue up 15% on higher deposit NII driven by continued margin expansion. Home Lending revenue was down 11% driven by net servicing revenue on both lower operating revenue and MSR. But notably, while volumes are down, production revenue is up nicely year-on-year on disciplined pricing.
And Cards, Merchant Services & Auto revenue was up 9% driven by higher Card NII on loan growth and margin expansion and higher Auto lease volumes. Expense of $7.2 billion was up 4% driven by investments in the business and Auto lease depreciation partially offset by expense efficiencies and lower FDIC charges. On credit, net charge-offs were flat as lower charge-offs in Home Lending and Auto were offset by higher charge-offs in Card on loan growth. Charge-off rates were down year-on-year across lending portfolios.
Now turning to Page 5 and the Corporate & Investment Bank. CIB reported net income of $3.3 billion and an ROE of 16% on strong revenue performance of nearly $10 billion. For the quarter, IB revenue of $1.7 billion was up 10% year-on-year. And outside of an accounting nuance, all of advisory, DCM and total IB fees would have been records for a first quarter. Advisory fees were up 12% in a market that was down benefiting from a number of large deals closing this quarter. We ranked #1 in announced dollar volumes and gained nearly 100 basis points of wallet share. Debt underwriting fees were up 21%, also outperforming a market that was down driven by large acquisition financing deals and our continued strong lead-left positions in leveraged finance. We maintained our #1 rank and gained well over 100 basis points of share.
And equity underwriting fees were down 23% but in the market down more as the combination of the government shutdown, uncertainty around Brexit and residual impacts from December volatility weighed on issuance activity across the regions in the first quarter. But already in the second quarter, we've seen a major recovery in U.S. IPO volumes back to normalized levels and we are benefiting from our leadership in the technology and health care sectors which again dominate the calendar.
Moving to Markets. Total revenue was $5.5 billion, down 17% reported or down 10% adjusted for the impact of the accounting standard last year that I referred to. Big picture, on a year-on-year basis, we are challenged by a tough comparison. The backdrop in the first quarter of '18 was supportive, clients were active and we saw broad-based strength in performance with a clear record in Equities last year. In contrast, this quarter started relatively slowly and overhanging uncertainties kept clients on the sidelines despite a recovered and more favorable environment.
So with that in mind, I would categorize the results as solid and a little better than we thought at Investor Day just a few weeks ago largely due to a better second half of March. And for what it's worth so far, the environment in April feels generally constructive, but it's too early to draw any conclusions in terms of P&L.
Fixed Income Markets revenue was down 8% adjusted driven by lower activity, particularly in rates and in Currencies & Emerging Markets which normalized following a strong prior year. However, we did see relative strength in Credit Trading on strong flow as well as in commodities.
Equities revenue was down 13% adjusted, speaking more to the record prior year quarter than this quarter's performance which was still generally strong across products. Although derivatives got off to a somewhat slower start, cash in particular nearly matched last year's exceptional result.
Treasury Services revenue was $1.1 billion, up 3% year-on-year, benefiting from higher balances and payments volume, being partially offset by deposit margin compression. Securities Services revenue was $1 billion, down 4% as organic growth was more than offset by fee and deposit margin compression, lower market levels and the impact of a business exit. Of note, deposit margin in both Treasury Services and Securities Services is impacted by funding basis compression rather than client basis, and at the firm-wide level, was an offset.
Finally, expense of $5.5 billion was down 4% driven by lower performance-based compensation and lower FDIC charges, partially offset by continued investments in the business. The cost of revenue ratio for the quarter was 30%.
Moving to Commercial Banking on Page 6. A strong quarter for the Commercial Bank with net income of $1.1 billion and an ROE of 19%. Revenue of $2.3 billion was up 8% year-on-year on strong Investment Banking performance and higher deposit NII. Record gross IB revenue of over $800 million was up more than 40% year-on-year due to several large transactions and the pipeline continues to feel robust and active. Deposit balances were down 5% year-on-year and 1% sequentially as migration of nonoperating deposits to higher-yielding alternatives have decelerated and we believe is largely behind us. From here, we expect deposits to stabilize given the benign rate outlook. Expense of $873 million was up 3% year-on-year as we continue to invest in the business, in banker coverage and in technology.
Loans were up 2% year-on-year and flat sequentially. C&I loans were up 2% or up 5% adjusted for the continued runoff in our tax-exempt portfolio. We continue to see solid growth across expansion market and specialized industries. CRE loans were up 1% as competition remains elevated and we continue to maintain discipline given where we are in the cycle. Finally, credit costs of $90 million were predominantly driven by higher reserves from select client downgrades, and net charge-offs were only 2 basis points on strong underlying performance.
Before we move on, I want to address the perceived gap between our reported C&I growth statistics and those that we all see in the Fed's weekly data. If we look across all of our Wholesale businesses, we also show strong growth year-on-year at about 8%. But there are 3 comments I would make: The first is that there can be reasonable noise in the Fed weekly data; second, CIB is a big contributor for us and CIB loan growth this quarter was supported by robust acquisition financing and higher market loans; and third, as previously noted, the definition of C&I for the Fed does not include our tax-exempt portfolio which has seen significant year-on-year declines given tax reform.
So while it's true that the Fed data is showing strong growth year-on-year and apples-to-apples ROE, in the mainstream middle market lending space, we're seeing good mid-single-digit demand in line with our expectations.
Moving on to Asset & Wealth Management on Page 7. Asset & Wealth Management reported net income of $661 million with a pretax margin of 24% and an ROE of 25%. Revenue of $3.5 billion for the quarter was flat year-on-year as lower management fees on average market levels as well as lower brokerage activity were offset by higher investment valuation gains. Expense of $2.6 billion was up 3% year-on-year as continued investments in our business as well as other headcount-related expenses were partially offset by lower external fees.
For the quarter, we saw net long-term inflows of $10 billion with strength in Fixed Income partially offset by outflows from other asset classes. Additionally, we had net liquidity outflows of $5 billion. AUM of $2.1 trillion and overall client assets of $2.9 trillion were both records up 4% driven by cumulative net inflows into liquidity and long-term products and with first quarter market performance nearly offsetting fourth quarter declines. Deposits were up 4% sequentially on seasonality and down 4% year-on-year, reflecting continued migration into investments, although decelerating, as we continue to capture the vast majority of these flows. Finally, we had record loan balances up 10% with strength in both Wholesale and mortgage lending.
Moving to Page 8 and corporate. Corporate reported net income of $251 million with net revenue of $425 million compared to a net loss of over $200 million last year. The improvement was driven by higher NII on higher rates as well as cash deployment opportunities in Treasury. And recall last year, we had nearly $250 million of net losses on security sales relative to a small net gain this quarter. Expense of $211 million is up year-on-year and includes the contribution to the foundation of $100 million this quarter.
Concluding on Page 9. To wrap up, this is the sort of quarter that really showcases the strength of the firm's operating model, benefiting from diversification and scale and our consistent investment agenda. We delivered record revenue and net income in a clean first quarter performance despite some hangover from the fourth quarter. Underlying drivers across our businesses continue to propel us forward, and in March and coming into April, the economic backdrop feels increasingly constructive. Client sentiment has recovered and recent global data shows encouraging momentum.
Investor Day is only 6 weeks behind us, so our guidance for the full year hasn't changed. We do remain well positioned and optimistic about the firm's performance.
With that, operator, we'll take questions.
Your first question comes from the line of John McDonald with Autonomous.
John McDonald, Autonomous Research - Analyst [2]
Marianne, you had good expense control this quarter. In your -- Jamie's letter, you show goals of improving the efficiency ratio in each of the main business units for the next few years. Just kind of wondering what's driving that. Is there any kind of cresting of investment spend that's going to occur in 2020? Or is this just kind of positive operating leverage carrying through?
Yes. Hey, John. So I would say, just big picture, it's a combination of both, obviously. We talked at Investor Day about the fact that we're always going to make the net investment -- the net incremental investment decision based on its own merits, but in total, with the amount we're spending now and the amount of dollars that roll off every year that get repositioned for investment, we feel like we should see our net investment spend reach a reasonable plateau over the course of the next several years. And so that is part of it. Obviously, a lot of the investments that we've been making in technology are also not only to do with customer service and risk management and revenue generation, but they're also to do with operating efficiency, so we would also expect to start to see some of that drive operating leverage. But it's also the case that we're looking for revenue growth, too. So it's a combination of both.
Okay. And then just on the NII outlook, it's reassuring to be able to hold the Investor Day outlook of the $58 billion for this year even though the curve's flattened, there were some concerns there. What are the dynamics that enable you to keep the guidance even with the change in curve that we've seen?
Yes. So I mean, the first thing I would say is that we talked -- we've said this before, when we've seen these periods where you get kind of short-term fluctuations in the curve, is that it's a bit dangerous to chase it up and down every month or so. And so in the big picture, we said $58-plus billion. Yes, it's true that a persistent flatter curve would have a small net drag on carry, and we're not immune to that. So there is a little bit of pressure as a result of that if it is persistent at this level throughout the year. But we continue to grow our loans and our deposits. And against that, there's a mixed bag of lower for longer. So while we may not have a tailwind of higher rates, we also may not have the same kinds of pressures that we would see on faces necessarily. And while lower long-end rates may be a net small drag in the short term on earnings, they're good for credit on the balance sheet. And you could argue a patient Fed and lower rates for longer may elongate the cycle. So net-net, there are pluses and minuses. I would say there may be some pressure as a result of that if it's persistent, but it's modest.
Your next question comes from the line of Mike Mayo with Wells Fargo.
Michael Lawrence Mayo, Wells Fargo Securities, LLC, Research Division - Senior Analyst [7]
You mentioned Consumer deposit growth is outperforming where you get average Consumer deposits up over $20 billion year-over-year. So those are the numbers. I just -- I was hoping for a little bit more on the why. And to what degree does that reflect your buildout of branches? How is that deposit growth going? How much of this is related to digital banking? And then how much would be due to simply a perception that you have superior strength? I know that came up during the CEO hearings, the IMF study saying that you get a benefit due to a perception of being too big to fail.
Yes. So look, I would say there's lots of different opportunities for people to get insured deposit, so we'll come back to the third point. But all of that plays a piece. So you'll recall that we built a large number of branches following the financial crisis as we densified our position in new markets, being California and Florida and Nevada and the like. And so we do have a decent portion of our branches that are still in their maturation phase and so we're definitely seeing some growth in deposits there.
I also firmly believe, and we talked about it many, many times, that we've been investing consistently over the last decade in customer experience. Customer satisfaction in our Consumer bank is at an all-time high and continues to increase consecutively. Digital products, new products and services, value propositions to our customers, convenience, new markets, all of which I think are increasingly important to our customers as well as obviously a number of other factors. So to me, it's the combination of all of the above and less so at this point a perception of a flight to quality. The people have a lot of choices.
Year-over-year, I would say we're seeing deposit growth slow exactly in line with our expectations. But this year, the slowdown speaks a little bit more as far as we can see to higher consumer spend and a little bit less to do with deposit flows out to rate-seeking alternatives. So customers are voting with their business, they're bringing deposits to us, and I think it speaks to a combination of the investments we're making and also including branches.
So how much of the deposit growth is due to digital banking? Can you quantify that or give us a ballpark figure?
Marianne Lake, JPMorgan Chase & Co. - Executive VP & CFO [10]
Well, I can tell you that -- and so it's not just about deposit growth as well. Remember, it's also about investment assets and we talked about our digital offerings providing headwind there. So I don't have a breakout for you. We can follow up.
It deepens -- on our branch growth, the reason why we continue to believe in a physical and digital combined channel presence, both are important. But we can get back to you.
Operator [11]
Your next question comes from the line of Glenn Schorr with Evercore ISI.
Glenn Paul Schorr, Evercore ISI Institutional Equities, Research Division - Senior MD & Senior Research Analyst [12]
On Sec Services, I heard you loud and clear about the funding basis compression being part of the answer on revs down. Could you talk about the business exit? I wasn't aware of that and how big that it is. And then flip to the better side, you also did mention about organic growth. We haven't heard too much since the big $1 trillion win, but I know there's stuff going on underneath the covers. Talk about what type of business you are winning there.
Yes. So on the business exit, this is -- it's the sort of feature we're always talking about year-over-year that, to me, this feels like really old news. It was a U.S. broker-dealer exit that we talked about many quarters ago. But obviously we're still on a year-over-year basis, for another couple of quarters, going to see the impact of that on our revenues. It's about 20 -- just over a $20 million year-on-year revenue negative impact, but it's relatively speaking, old news in terms of the exit took place last year. Lower market levels were about an equivalent drag on revenues. And then we are seeing solid underlying growth, but this is a very competitive environment. And as we are growing our assets on -- our custody assets and as we're growing and winning new mandates, these are under competitive pressures, and it also depends on mix. So there's a bunch of factors going on.
What we're focused on is, for both of these businesses, that the long-term growth opportunities are very big and the organic growth in the underlying businesses are performing well. And even with these revenue pressures, we're focused on continuing to drive efficiencies, and these are good ROE businesses above mid-teens.
Can I -- I'm sorry, can I just make one more comment? I didn't say this on the digital space, but I think it's important as we think going forward, that as we think not just about our digital assets, but digital account opening, and that as being a feature of how we're attracting new accounts, 25% of checking production, 40% of savings production, now able to be opened digitally. So increasingly, digital will be a driver but we will get back to you with the mixes. Sorry.
Marianne, just one quick qualifier on the 7-hour marathon the other day in D.C. Besides finding out Jamie's a capitalist, that's shocking news, one of the risks that I think the group talked about was, in the private credit markets and nonbank lending, and I just wanted to get a little qualifier of that. I'm pretty sure you didn't mean the exposure JPMorgan has to those, it's just more of risk being taken, but if you can just expand on that, that would be helpful.
Yes. So for sure, the comment is more about the overall risk in the environment and not about our risks to those sectors. And our risks are all the things that we've always told you about, which are: relatively modest, relatively senior, well secured, well diversified. We look at not just under a variety of stress scenarios, are manageable.
The comments are really about the percentage of leveraged lending or the percentage of some of our businesses that have now been taken outside of the banking market. And while we wouldn't say necessarily that that's systemic. Being not systemic and suggesting that there won't be problems are 2 different things. Not all nonbanks are situated similarly. So there's some healthy, thriving, well-capitalized, well- and responsibly-run companies and there are some others who may not be standing at the end of another downturn.
So the real question for all of this business that has migrated outside of banks, is how much of it will be unable to be rolled over, refinanced on the same terms and with the same prices as it is now? So it's not about us, but it's about understanding that we would want to be able to be there to support and intermediate risk in these markets going forward. But for a variety of reasons, whether it's structure, whether it's capital liquidity pricing, that may not be as easy as it sounds in a downturn for portions of that market.
James Dimon, JPMorgan Chase & Co. - Chairman & CEO [16]
Yes. Can I just add? So just take the big numbers, we're just growing. So obviously, regulators keep an eye on it. And we're not particularly worried about it. And just to give you some facts, the banks -- there's $2.3 trillion. The banks have the -- generally, the senior piece at the A piece, about $800 billion or $900 billion. Then institutional investors, some of them are quite bright, these are life insurance companies, funds, et cetera, own the B piece which is about $900 billion. And there's $500 million which they call direct. Now think of these as large funds, the most part, large funds. Some of them are very capable, very bright, they have long-term capital. In the institutional piece I mentioned, a lot of it is CLOs. And I know there's people worried about that. But if you actually look at the CLOs, there's more equity in their CLOs, they're more funded. And both the direct piece, the CLO piece is more capital -- permanent capital. And so this system is okay, it's just getting bigger and it's more outside of the regulated system. And it should be something that should be watched, but it's not a systemic issue at this point.
Your next question comes from the line of Betsy Graseck with Morgan Stanley.
Betsy Lynn Graseck, Morgan Stanley, Research Division - MD [18]
I had a question for Jamie. Jamie, in the shareholder letter, you mentioned, because of some significant issues around mortgage, that you are intensely reviewing your role in origination servicing and holding mortgages, and the odds are increasing that we will need to materially change our mortgage strategy going forward. Could you give us some color and context for that statement and what kind of things you're thinking about there?
Yes. So if you look at the business, I mean, it is costly. You have 3,000 federal and state origination and servicing requirements. It is litigious. You just look at history, you can see that. And it's becoming -- huge nonbanks are becoming competitors, and they don't have the same regulation, the same requirements on either servicing or production. So you're having that issue. Servicing itself is a hard asset. And so we just want to -- we know it's an important thing for a bank. We also want -- and also, you can generalize capital since a lot of banks are constrained by generalized capital. It's a capital pot far more than it should be if you look at it relative to the real risk of then holding mortgages. So we just want to have our eyes open, look at that, go through every piece and structure it in a way that we're very happy going forward. We don't mind the volatility, we don't mind staying in the business, but you've got a look at that and ask a lot of questions about whether banks should even be in it.
Okay. And then a separate topic, but just a question I wanted to ask because I've got a couple of questions on it yesterday. The whole group of CEOs was asked who do you think could succeed you? Would a woman or would a person of color succeed you? And I don't think you raised your hand. And just wanted to understand why and just hear from you what -- why you answered the question that way.
Yes. So what I should have just said is we don't comment on -- or speculation on succession plans. That's a Board-level issue. It's not something you do in Congress where you play your hand out in Congress. But also, I was confused by the question, likely, without a timetable. But we have exceptional women and my successor may very well be a woman, but it may not. And it really depends on the circumstance at the time. And it might be different if it's 1 year from now versus 5 years from now. So that's all that was. I think a bunch of people were kind of confused and saying what does the word "likely" mean and all the stuff like that. So I mean, it's been blown out of proportion, there are several people on the operating committee who can succeed me.
I appreciate that because that's the answer I expected you were going to give, but wanted to hear it from you. So appreciate that.
Your next question comes from the line of Steven Chubak with Wolfe Research.
Steven Joseph Chubak, Wolfe Research, LLC - Director of Equity Research [24]
Just wanted to follow up on the remarks on the mortgage business. We did see a healthy decline in resi mortgage loans. And Marianne, I know you spoke at Investor Day of the balance sheet optimization strategy which could drive more growth in securities versus loans. Now I'm wondering, is that what's really driving the slowdown that we saw in resi loan growth? And maybe more broadly, how we should think about core loan growth or sustainable pace of core loan growth in 2019?
Yes. So mortgages in 2018, '19 are the epicenter of it for mortgage. So the market itself is smaller year-on-year, it's about 15% smaller because notwithstanding all of the discussion about lower rates, they're still higher year-on-year than they were this time last year. So that obviously is having an impact. And as we've been -- and we're down similarly.
So we've added about $6 billion of core mortgage loans to our portfolio, but against that, as you saw last year, we did a number of loan sales and we did another sale again in the first quarter, and that speaks to optimizing the balance sheet. We're trying to take loans off of our balance sheet, core loans off our balance sheet and sell them if we can reinvest in agency MBS and [nonresi] assets that have better capital liquidity characteristics.
So there's going to be -- it's going to a little bit harder to look at a trend. You're going to need to look at things gross. So we are originating high-quality loans. We are adding a number of loans to our portfolio. We're distributing based on better execution as that would go. But we will continue to optimize our balance sheet.
Very helpful. And just a follow-up for me on CCAR. The Fed released a document recently highlighting the changes to the loss models this year, including some higher Card and Auto losses in the upcoming year exam. I'm just wondering, how does that inform the way you're thinking about capital return capacity? Are you still confident in that sustainability of 75% to 100% net payout as well as the 11% to 12% CET1 target?
Yes. So I didn't hear the second part of the question on losses, which losses were up this year that you were mentioning, but here's what I would say -- go.
The Card and Auto losses.
Yes. So I would -- I applaud transparency for sure. And we love to be able to get more detail as we think about the way that the Fed models losses for our portfolios. And we've been observing that over time. Necessarily, it's the case that the Federal Reserve model is typically less granular and less tied to our specific risks necessarily because they're industry-wide. Net-net, it doesn't change our point of view that as we're at 12.1% CET1 right now. So arguably, a little bit above the high end of our range and continuing to grow earnings, that we ought to be able to distribute a significant portion of earnings. But we always invest in our businesses first. So we are growing our businesses as responsibly as we can. We're adding branches, we're adding customers, we're adding advisers across our businesses. But to the degree that we have excess earnings, we'll continue to distribute them. And the ranges that we gave you at the end of February, nothing's changed.
Your next question comes from the line of Brian Kleinhanzl with KBW.
Brian Matthew Kleinhanzl, Keefe, Bruyette, & Woods, Inc., Research Division - Director [31]
A quick question. I know you mentioned that the increase in NPLs within Wholesale was again idiosyncratic. But last quarter, there was also an increase and it was 5 credits last quarter. Is there any way you can give more color as to specific drivers in there? And I know you said in the past that you expect it to normalize, that you're off a low base, I got that. But I mean, just a little bit of additional color, perhaps?
Yes. So the color is there is really no color, which is to say if you were to go back over the course of the last 8 quarters and take oil, gas, energy releases out, you would've seen quarters where reserve builds were close to home and other quarters where they're $100 million and $50 million. So there's always been the propensity for there to be 1 or 2 or 3 or 4 downgrades. The thing we look for is whether or not, as we look at the portfolio of facilities we have, whether we're seeing pressure on corporate margins and free cash flow and whether we're seeing that broadly across the sectors and companies we're banking. And we're just not.
So it's not to say that we aren't paying close attention to real estate given where we are in the cycle, it's not to say we aren't paying close attention to retail, but the color is there is no real color. That these are genuinely a handful of names across a handful of sectors as was true last quarter. And even if you look quarter over quarter over quarter, there's no trends to call out. And it -- we have a large Wholesale lending portfolio. These are extremely modest in the context of that.
And remember, every quarter, like we talk about a few because it's non-zero. But we downgrade and upgrade hundreds of facilities every quarter. And it's not just downgrades, it's upgrades, and they're approximately of equal measure. So we're looking very carefully at it. We understand why people are questioning and concerned. And these are cyclical businesses and the cycle will turn, but we're not seeing it yet.
Okay. And then a separate question in the mortgage banking. It looks like gain on sale margins were at a high point as -- over the last 5 years this quarter. Was that something in the market, something with the rates, or was there a one-off impacting that number this quarter?
So you may recall that we did a mortgage loan sale last quarter and realized -- and there's geography. In the Home Lending business, when we do these mortgage loan sales, because we're match-funded, net-net, there's very little P&L. There's -- last quarter, there was a loss in NIR and an offset in rate funding in NIR. This quarter, there's a gain. So you've got a loss last quarter, a gain this quarter, both small, but nevertheless, that's driving the majority of the production margin going up. But in addition, if you just strip all that noise out, which is not material, but nevertheless significant quarter-over-quarter, we are seeing better revenue margins on better pricing.
Your next question comes from the line of Gerard Cassidy with RBC.
Gerard S. Cassidy, RBC Capital Markets, LLC, Research Division - Analyst [36]
Can you share with us -- obviously, you've got your de novo branching strategy moving forward. And what have you guys discovered? And how long does it take for the branches to reach breakeven and then eventually get to your desired return on investment numbers?
Yes. So we're really, really excited to be able to open these branches in these markets and serve more customers across the United States. But when you talk about branches, you are talking about investment for the long term. And when I say long term, multiple years, decades. So with respect to the new markets that we're entering, these are extremely nascent investments. The branches, in many cases, we haven't even broken ground on. However, that said, early indications, it's very, very early indications are strongly positive. We're seeing a lot of excitement in the market. We're seeing new accounts in production a little better than we would have expected at this very early stage. On the whole, you see branches break even over several years and mature in terms of deposits and investments and relationships closer to 10 years or below that.
Very good. And then following up on some comments you made at Investor Day and I believe touched on today about technology spending. If I recall correctly, next year, technology spending should be self-funding and stabilized at the level -- just about where you are today. When you compare it to the past 5 years, what has changed with the growth trajectory of technology? Nominal dollars, has now kind of stabilized versus what it was like, again, in the past 5 years?
So I just want to reiterate something that I want to make sure you guys completely internalize, which is we believe given the level of spend and the continued efficiency we're getting out of each dollar of spend, that overall, our net investment should be more flat going forward than they had in the past. But we will continue to look at every investment on its own merit.
That said, we've been growing our technology spend. And in particular, we've been growing the portion of it that is invested in changing the bank. And that runs the gamut from platform modernization and cloud to controls and security and customer experience and digital, R&D, the whole lot.
It's a large number, and each year, a lot of that -- a lot of those dollars that we've been investing roll off and we get the ability to re-decision and reinvest them. So this is not that we're going to be doing anything other than continuing to invest very, very heavily in the agenda, and in particular, in the technology agenda. It's just that each year, the (technical difficulty) decisions. And we'll continue to make the right decisions. And we see that being flatter going forward than it has been.
And we're getting -- and we're getting more efficient. So in the past, the way that technology was delivered was very different. And the more that we're in our modern, virtualized, cloud-ready way with new technologies, each dollar of technology is more productive.
Your next question comes from the line of Al Alevizakos with HSBC.
Alevizos Alevizakos, HSBC, Research Division - Analyst [41]
I've got a quick question and a follow-up, basically. My question is on the Treasury Services, year-on-year, the growth going from double-digit, you just drove to 3%, where apparently, the volumes remained healthy but the margins started to deteriorate. I wonder how you feel going into the remaining of 2019, especially given that the trade talks are still ongoing and therefore volumes could actually be a bit more problematic. Do you still believe that we can go back to kind of double-digit growth year-on-year for the remaining quarters?
And my follow-up question is you talked about change the bank versus run the bank for IT budget. Can you give us a number just to get the indication of how much you're spending on innovation?
Yes. Okay. So first point on Treasury Services. Last year, our revenue growth was in double digits, you're right this quarter 3% year-on-year. I mentioned earlier that for both of our Wholesale businesses, we happened to have basis compression between the funding spread that we provide to the businesses and pricing declines. And so that, sort of just given where rates have moved, may be a headwind this year as the segment results are reported. But for the company, it's obviously net 0.
The more important point is that organic growth underlying all of that, balances and payments, is holding up very well and we do expect that to continue. So you will see margins mainly compress on that. It's not speaking to deposit flows. It's not speaking to volumes and it's not speaking to escalating payouts at this point. It's only talking about the underlying organic growth of the business.
With respect to technology spend, you'll recall last year, we were kind of 60-40 run the bank, change the bank. And it's more 50-50 this year. So $11.5 billion of spend, about half and half. But remember, in the change the bank, it runs the whole gamut from platforms and controls to customer experience, digital, data, R&D. So it's the whole spectrum.
Your next question is from the line of Matt O'Connor with Deutsche Bank.
Matthew D. O'Connor, Deutsche Bank AG, Research Division - MD in Equity Research [44]
I just wanted to follow up on the net interest income and it came in a lot better than expected this quarter. Is there anything that's lumpy or onetime that you'd flag? Because if you annualize it, you're already above the full year target of $58 billion-plus. And obviously, there's day count drag this quarter and I realize just puts and takes with rates and balance sheet growth. But it seems like the guidance is conservative versus where you're at right now.
Okay. So we did slightly better in the first quarter, 2 things driving in. One is small, but nevertheless, is arguably nonrecurring, which is we talked about the fact that, overall in the company, when we do these loan sales that net-net, there may be a small residual gain or loss, that resides in Treasury and it was a small gain in the first quarter in NII, call it, $50 million approximately. And then in addition, we talked in the fourth quarter about the fact that we were seeing the opportunity to deploy cash in short-duration liquid investments that were higher-yielding than IOER. That continued into the first quarter, so we did benefit from that. And it may or may not continue but we're not necessarily expecting that to continue all the way through. So I would say that day count was a drag.
As you look forward with some opportunities, obviously, there's a risk associated with the flat yield curve, not big, but nevertheless, net neutral to downward pressure or downward pressure if long-end rates stay lower for longer. As we don't have the tailwind anymore from higher rates and we continue to process the December rate hike, you could see more rates paid due a little bit more into second quarter. So there are risks and opportunities. We still think it's a decent outlook, but I don't think it's conservative. I think it's -- $58 billion is straight down the middle at this point. The trouble with the yield curve is it can fluctuate dramatically over the short term, and we shouldn't over-interpret or over-chase it. At this point, I think it's a decent estimate and we'll continue to update you.
Okay. And then just on the repositioning of the balance sheet and the approach to adding securities. Are you thinking any differently going forward than maybe you were 6 weeks ago? You clearly seem more positive on the macro, and obviously, things can change there. But are you approaching the balance sheet management a little bit differently given maybe a more positive macro outlook?
Well -- so I mean, we only spoke to it most recently about 6 weeks ago. So the sort of overall answer is, no, not really. We expected at that point that we would have a patient Fed. It turns out that the -- all the central banks are pointing to being a little bit more dovish, which could generally be constructive for the environment and for credit risk on the balance sheet. Obviously, the curve being flatter is not sort of a compelling situation to add more duration. But there's natural risk in our balance sheet. So overall, very little. We feel good about credit. The curve's flat and we'll continue to manage the overall environment and company as we see the economy unfold.
Your next question comes from the line of Erika Najarian with Bank of America.
Erika Najarian, BofA Merrill Lynch, Research Division - MD and Head of US Banks Equity Research [49]
I just wanted to follow up, Marianne, on the comments. In the backdrop for lower rates for longer, could you give us a sense on how you're thinking about your deposit strategy in retail and Wholesale? In other words, I know you discussed some dynamics on pricing for the first quarter, but when do you expect competition to taper off? And do banks have room to actually lower deposit cost if the rate curve stays this way for a prolonged period of time?
So I'll just -- look, the big contextual answer will always be the same, which is when we think about our strategy around deposits and deposit pricing, it is 100% driven by what we're observing in our consumer behaviors and what we're seeing in deposit flows. And so that's the environment that we look at to determine what's happening. And you've seen naturally over the course of the last couple of years as rates have been rising that we've seen flows of deposits to higher-yielding alternatives whether it's investments or whether it's more recently in CDs, and that may continue. We'll continue to watch that. It is our expectation that rates will be relatively stable from here in terms of the short end, and it's the short end that predominantly drives the deposit pricing agenda. So even if the curve is flatter, as long as it's -- because the front end is stable, I don't necessarily see deposit costs going down. But we're going to continue to watch our customer behaviors and deposit flows and respond accordingly.
And my follow-up question is we heard you loud and clear during your prepared remarks that the increase in Wholesale nonaccruals was idiosyncratic. And I'm wondering as we look at a tick up in nonaccrual loans in the Corporate & Investment Bank for the past 2 quarters, are we just in the part of the cycle where we're just growing from a low base? Or should we expect a step-down in the second quarter in nonaccruals similar to how we saw last year?
There are a couple of situations that we would expect to maybe not be present in the second quarter, but I would say it's a feature more of the extremely low base. And so from that, any movements whether they are up or down are somewhat exaggerated. But we would continue to call the credit environment benign.
Your next question comes from the line of Ken Usdin with Jefferies.
Kenneth Michael Usdin, Jefferies LLC, Research Division - MD and Senior Equity Research Analyst [54]
Marianne, just if I could ask you, you mentioned you had some signs that the economy is strengthening. And I wanted to just ask you to -- can you split that between just what you're seeing on the Consumer side versus the Wholesale corporate side in terms of -- the spend numbers are obviously still double-digit year-over-year. Some others have talked about a little bit of a slowdown. Yours are still staying quite good. And then there's this unevenness about just CapEx and spending and corporate side. So just where are you -- could you just kind of walk us through just where you're seeing pockets of relative strength and improvement?
Yes, I mean, I think that as it relates to the U.S. and in particular looking at the U.S. consumer, you've got all up, jobs, more recently auto, housing spend all generally encouraging and holding up well and robust. And whether it's double digits or whether it's not, we're continuing to see the -- and consumer confidence, by the way, which is still very high, and has recovered from any sort of hangover from the equity market actions over the fourth quarter. So for us, U.S. Consumer has always been strong and confident. And even if we're not at an all-time high in confidence, it's still very high. And generally, the data is -- and even some like housing and auto that hasn't necessarily been super-strong, is looking encouraging.
And then on the global front, it is a little harder but as you look at some of the areas that have been struggling a bit, and Europe would be a good example, we would think that in the first quarter sort of transitory factors around social unrest and politics and Brexit, and they seem to be fading a little, business confidence has recovered a little. Businesses are still spending on labor, which is generally a good sign of underlying confidence notwithstanding any kind of sentiment numbers. And even there, there's job growth, there's wage growth that's helped by dovish monetary policy and general financial conditions having improved the least. So I mean, I think generally, we feel optimistic across the Consumer and the rest of the sector, albeit it sort of green shoots on the Wholesale side. So it's early, but it's what we were expecting to see. And so long may it continue.
Yes, and one follow-up just on the Investment Banking business. You had mentioned that the pipelines look good and obviously we've seen the reopening of the ECM market. What's your general outlook just again on that global point about the -- a bit of unevenness between U.S. and global? Just how do you feel about the advisory backdrop? And obviously, some big deals on the tape again today. But had there been a little bit of an air pocket here partially probably because of the soft fourth quarter? But how's that side of the business feeling and sounding from a backlog perspective?
Yes. So I would say that -- a couple of things. Obviously, there were some deals that moved into the first quarter out of the second half of 2018, and so we did benefit from that. But just as a general market matter, M&A is still attractive in a low-growth environment. Albeit a growth environment, in fact, it is still constructive. North America, which is by far the biggest market for M&A is still healthy. And so Europe was a big driver last year, and Europe has seen a sharp drop-off in volumes and wallet. And so that may continue, although we have a pretty good position there. So I would say that the pipeline is down, but still M&A is attractive and people are looking for synergistic growth.
Your next question comes from the line of Jim Mitchell with Buckingham Research.
James Francis Mitchell, The Buckingham Research Group Incorporated - Research Analyst [59]
Maybe just a follow-up on the NII outlook. I mean, I think we've talked about a flat curve. What kind of levers do you have to pull if we were to see what some are speculating, it doesn't sound like you're in that camp, but if we were to get a rate cut, how do you manage that? How do you think the balance sheet reacts and NII reacts to the potential for a rate cut over the next 12 months?
Right. So the market, which is usually more -- I wouldn't say pessimistic, but more in that camp, they are still only expecting an ease at the end of the year. So we are not, by the way, as you point out. So I think for 2019's NII outlook, it's not a clear and present danger that there will be a need. Obviously, we have, on the way up on rates, been overindexed to total end rates. And so clearly, if we were to have an ease, it would have an impact on our NII. If we felt generally that, that was the direction that the economy and rates were going in, then it might change our view on how we position the balance sheet. But right now, the Fed is on pause. Right now, that's constructive to corporate deposit margins, constructive for credit and generally constructive for how we're positioned on the balance sheet.
But you feel like you have room to, I guess, extend duration to kind of protect NII and NIM if that were to happen?
Yes. Yes, we do.
Your next question comes from the line of Saul Martinez with UBS.
Saul Martinez, UBS Investment Bank, Research Division - MD & Analyst [64]
I wanted to follow up on Matt's question on sort of idiosyncratic items in the quarter and lumpiness. This is obviously a pretty strong quarter from an earnings standpoint, earnings well ahead of my estimates and consensus, and especially in CCB, but there weren't a lot of obvious noncore items really called out. So Marianne, can you just comment on the sustainability of the results and whether there's some idiosyncratic things that weren't necessarily called out during the call? You mentioned corporate, cash deployment, revenues really high relative to historical levels there. So are there any sort of idiosyncratic items that call into question how sustainable the results are?
So first of all, just sort of big picture, really high, I think is a bit of an overstatement. Higher, I think is fair. No, not really. If there were, we would have called them out. There are a few little things, so I'm just going to call out a few of the things that we have mentioned. We contributed $100 million to a foundation this quarter. Net-net, legal was a very, very small, but nevertheless, positive this quarter. So there were a few little bits and pieces like that. But if you look at revenue performance, we did a little better across the board than you all were expecting. We did better in IBCs and we've gained a lot of share. We did a little better in Markets. We did a little better in NII. So just a little bit of a wind at our backs sort of phenomenon.
My -- probably my best answer to you is as happy as we are with the performance, and we are, gaining share and continuing to see our underlying drivers propel us forward and the momentum we've got in our businesses, we are not making material changes to our full year outlook. So we'll still see how market performs for the year. We do still expect, as Daniel mentioned at Investor Day, that while we feel great about our positioning in Investment Banking in the first quarter, Coalition is still expecting the wallet to be down between 5% and 10% year-on-year. So we do expect to gain share to help offset that, but last year was a record.
So we haven't changed our full year guidance at all yet. We'll take this as a very good down payment for that. And if markets are constructive and wallet expands, we'll benefit from that. But we're not leading it across and changing everything.
That's helpful. I'll change gears a little bit. Any update on distressed capital buffer, what the Fed is thinking there and when you think we could see a little bit more details or a little bit more clarity on the proposal?
So as best I know, there is a chance but not necessarily a probability that there could be an SCB proposal for 2020 CCAR. So there's a meet -- a set of meetings or a meeting that's coming up some time in the summer that I think might be an important moment. But we continue to work as constructively as we can to help understand in a better way to bring growth capital together with point-in-time capital, but it's complicated. So as we said, the most important thing is not to issue an SCB proposal that doesn't deal with the entire landscape of capital and look at it cohesively. So we're talking about GSIB. We're talking about minimums. We're talking about Basel. We're talking about SCB. It's complicated. I'd say there's a chance but not a probability that we might have something in time for 2020 CCAR.
Your next question comes from the line of Marty Mosby with Vining Sparks.
Marlin Lacey Mosby, Vining Sparks IBG, LP, Research Division - Director of Banking & Equity Strategies [69]
First, I want to ask, going to CCAR, now we're getting into that season again, one of the things that I think has an impact is that what we had was a significant 30%-plus growth in earnings last year. So if you kind of look at the plan for your capital going forward and you think of holding payout ratios, so let's say they were just constant, doesn't that kind of presume that you have kind of some wind behind the sails just to increase fairly significantly just off the increase in earnings last year?
I mean, yes. If you look at payout ratios obviously sort of described as a percentage, then we said over the longer term, we'd expect to pay out, in a benign environment, between 75% and 100%. And analysts have estimates of 90%-plus. And obviously, as earnings grow, that would be a bigger dollar number. But again, we'll always calibrate that relative to our opportunity to invest in our businesses and its capacity not a promise. So we'll continue to see how the whole environment unfolds.
But you're right. As earnings continue to grow, a strong payout ratio, we're above our -- the top end of our capital range, so we are starting at a robust level, would be a higher dollar number, yes.
And then Jamie, I was just curious. I think one of the issues facing the industry, and just that we get pushed from the outside, is that the cycle is 10 years old. And my thought is that, that internal time clock is just off this time. And so if we look at it, I think there's things that you're seeing, or Marianne, that you see, inside the company that probably dispel that the recession is kind of on the horizon. So just wanted to get your comment on that as well as my follow-up question.
Yes. So I do quite -- sorry, go, Jamie.
Yes. Some sort of number that's out that Australia has had a growth for 28 years. And just off saying the notion, but do you have to have a recession? They've had a lot of back wind, there's growth in Asia and stuff like that. But if you look at the American economy, the consumer's in good shape. The balance sheet's in good shape. People are going back to the workforce. Companies have plenty of capital. And capital spending, in truth, is still up year-over-year, a little bit less this quarter than last quarter. Capital is being retained in the United States. Business confidence and consumer confidence are both rather high. Not at all-time peaks, rather high. So you can just easily -- it could go on for years. There's no law that says it has to stop.
We do make lists and look at all the other things, geopolitical issues, lower liquidity. So there may be a confluence of events that somehow causes a recession, but it may not be in 2019, 2020, 2021. Obviously, at one point, though, it'll probably -- there will probably be something. And yes, I think the bigger short-term risk would be something to go wrong with China, the trade issue with China. So I just wouldn't count on there having to be a recession in the short run, the next couple of years.
Question comes from the line of Andrew Lim with Societe Generale.
Andrew Lim, Societe Generale Cross Asset Research - Equity Analyst [76]
So my first question is on the end-of-period loans. So if we look across the board, it looks like there's some contraction there on a quarter-to-quarter basis of about 3% of 4%. And I was just wondering if you saw that as a 1-quarter issue relating to what happened in 4Q '18. And if you can give some color maybe on the quarters ahead, speaking to the company CEOs, whether you see growth re-emerging again.
Yes. So quarter-on-quarter, and I think I mentioned a couple of these things. But we, across our businesses for a variety of reasons on an end-of-period basis, loans are down. So like stepping through them, the first one that I would point out is mortgage, and we just talked about that, I think, earlier in the call, which is we continue to originate mortgage loans. We continue to distribute demand portfolio. But we did do a loan sale which is part of the discussion that we've been having with you about optimizing our balance sheet. We did a sale at the end of the quarter. So that's impacting our mortgage loans.
And the CIB -- and one of the reasons why we called out core loan growth ex the CIB is that because we don't consider CIB loans as core because they are, just by their nature, oftentimes more episodic and lumpy. And so we did see a large funded syndicated loan at the end of last quarter which was fully syndicated into the first quarter. And then in our other businesses, in Asset Wealth Management, a bit of seasonality, a few pay-downs. In Card, seasonality. So it's a combination of factors, but obviously, 2 drivers, CIB and Home Lending, CIB on sort of that large syndication, Home Lending on the loan sale.
Going forward, we'll continue to optimize the loan versus security part of our balance sheet as best we can for cash and liquidity purposes. But just underlying core business demand for bank balance sheet lending, I look at the middle-market space and say we're still seeing solid demand. It is in our investment areas and our expansion markets and specialized industries, but we're still growing that portion of our loans in the mid-single digits year-on-year.
I'm sorry Andrew. There are going to be other areas where we just won't roll up. I mean in Commercial Real Estate, you see loan growth is much lower. It's very competitive. Spreads have come down. We continue to provide financing and funding for our core loans, but we're not going to chase it down, and similarly Auto.
Okay. So my follow-on question is on CLOs. As Japanese institutions are big buyers of U.S. highly rated CLOs, but a few weeks ago, the Japanese FSA introduced some new rules saying that there had to be 5% risk retention by U.S. issuers in order for the Japanese institutions to buy them. So I'm just wondering if you're seeing yet any change in demand from Japanese institutions. And likewise on the other side, if there's any change in behavior from U.S. CLO issuers in terms of trying to integrate 5% risk retention.
So that is a great question. The answer I'm going to give you is not that I'm aware of at this point, but I'll have to follow up with you. Jamie are you aware? No. Sorry, Andrew, we'll come back to you. Not that I'm aware of, but that -- it's a good, but nevertheless, quite detailed question.
And there are no further questions at this time.
Thanks, everyone.
Thank you for participating in today's call. You may now disconnect.
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text:
Transcorp Sets Record Performance with Profit After Tax of N20.6bn
NigeriaBusiness News
By Olaotan Falade	 On Feb 16, 2019
Transnational Corporation of Nigeria Plc (Transcorp), Nigeria's leading diversified listed conglomerate, has announced its audited results for the year ended 31st December 2018, with a 94% growth in Profit After Tax (PAT) of ₦20.6bn in 2018 compared to ₦10.6bn in the prior year.
The Group recorded an unparalleled improvement within the year as turnover grew by 30% to ₦104.2bn. Profit Before Tax (PBT) increased to ₦22.4bn from ₦12.3bn in 2017, depicting an 82% year on year growth.
"We're proud to have ended the year on a high-note while sustaining a strong performance, which is a reflection of our sound business strategy," said Valentine Ozigbo, Transcorp's President and Chief Executive Officer, who took over at Transcorp in January 2019. "We will continuously strive to deliver significant value to our stakeholders while achieving our long-term goals," he said.
Finance Bill: Nigerians Not Paying Enough…
Only 110 People Pay Above N10m in Taxes in…
Only 700,000 out of 22 million Lagosians pay…
He further stressed that "This result was achieved due to the increased revenue from the power and hospitality segments of the group. In addition, we were able to cut down on our loss from Forex arising from financing activities by 30% year-on-year as we experienced a relatively stable exchange rate during the fiscal year-ended 2018, this no doubt impacted our Profit before tax as it soared 82% year-on-year."
Mr. Ozigbo added "Transcorp Power Ltd has continued to explore opportunities created by the eligible customer framework initiated by the Federal Government. We are at an advanced stage of negotiations with a number of eligible customers, which will translate into transactions in the months ahead. Our hospitality subsidiary, Transcorp Hotels Plc, also maintained its history of profitability in 2018, displaying the impact of our recent US$100m upgrade at the Transcorp Hilton Abuja and the immense value placed on the hotel's best-in-class hospitality services."
Reflecting on the results, the Chairman of Transcorp, Mr. Tony O. Elumelu, CON, stated, "We remain committed to our purpose of improving lives and transforming Nigeria by powering our industries and businesses while providing our local and international guests with unrivalled hospitality services. This is our way of creating sustainable value for all our stakeholders."
ProfitTaxTranscorp
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The Town of Winchester is accepting applications for Entry Level Police Officers to fill full time positions.
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All candidates must pass the written examination administered by the Connecticut Police Chiefs Association (CPCA) prior to submitting a completed application to the Town of Winchester.
Entry level candidates must provide proof of passing the CHIP Physical Abilities Assessment prior to submitting a completed application to the Town of Winchester.
Candidates must go to PoliceApp.com for all details and use the Town's Civil Service application on the website.
The Town of Winchester is an Equal Opportunity/Affirmative Action Employer.


text:
Q: Types mismatch, should I necessarily use liftIO? I want to perform a delete operation in Servant and return an error or (). Here's my code:
del :: Int -> ExceptT ServantErr IO ()
del myId = liftIO $ do
  cn <- getConnection
  a <- execute cn "delete from table1 where id = ?" [myId]
  case a of
    1 -> return ()
    _ -> throwE err503 --compile error

The error is:
  Couldn't match expected type 'IO ()'
                with actual type 'ExceptT ServantErr m0 a0'
    In the expression: throwE err503
    In a case alternative: _ -> throwE err503

I'd prefer not to use liftIO before each expression if possible:
del myId =  do
  cn <- liftIO getConnection
  a <- liftIO $ execute cn "delete from table1 where id = ?" [myId]
  case a of
    1 -> return ()
    _ -> throwE err503

How can I return an error then?

A: I think you won't be able to avoid it.  Everthing in a do-block must be in the same monad, so with the initial
 del :: Int -> ExceptT ServantErr IO ()
 del myId = liftIO $ do ...

every line must be in IO. But you can rearrange things in various ways, e.g. with a subordinate IO block, where some things come together:
 del myId = do
   a <- liftIO $ do
     cn <- getConnection
     execute cn "delete from table1 where id = ?" [myId]
   case a of
     1 -> return ()
     _ -> throwE err503

or, with Control.Monad.unless, say:
del myId = do
  a <- liftIO $ do
     cn <- getConnection
     execute cn "delete from table1 where id = ?" [myId]
  unless (a == 1) $ throwE err503

and any number of other ways. You don't say which getConnection and execute you are using, but are you sure they are not already MonadIO m => m ..? In which case you can drop the liftIO after all?

redpajama_set_name: RedPajamaStackExchange


Outer space enthusiasts, here is the perfect project for you! Make a solar system mobile with this 8-part printable.
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Meet the residents of the Rocky Mountains with this set of finger puppets that features a cast of Rocky Mountain animals.
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Let's talk game day food. Or really, every day snacking type food.
You can go either way with this everything spinach chickpea dip. Football fun or just rummaging in the fridge after work. I'll let you choose.
Because it's so full of flavor and cool looking with that everything topping! But also healthy. Perfect for a crowd. Perfect just for yourself.
So the idea for this dip started after I bought all the seasonings needed to make homemade everything bagels. Last year. I did make them once! But just haven't gotten around to making them again.
Instead, I just mix up the topping and like to put it on anything and everything. Sprinkled on top of bread dough before it goes in the oven? Why not. Dusted on top of some not-so-hot plain hummus to make it a little more interesting? Sureeee.
So you see why creating a dip around it seemed like the next step.
And a fun, bright green dip that only takes about 10 minutes to whip up.
We start with a sort of spinach pesto base – some fresh spinach, some sunflower seeds, some garlic – which we'll pulse all together in a food processor until finely chopped.
We'll add in some olive oil, some chickpeas and some water, to really get it moving. It gets blended together until nice and smooth.
And then sprinkled with all that everything goodness!
Healthy. Easy. Fun. Especially when served up with some bagel chips.
Which I hadn't bought in years. And now they are all I can think about. Must buy some more soon.
Recipe for everything spinach chickpea dip. Quick & healthy! Filled with fresh spinach, chickpeas and finished with a classic everything topping!
In a small bowl, mix together the poppy seeds, sesame seeds, minced onion, minced garlic and flaky sea salt until well combined. Set aside.
Add the spinach, sunflower seeds, garlic and salt to the bowl of a food processor. Pulse until finely chopped. Add in the olive oil, chickpeas and ¼ cup of the water. Process, scraping down the bowl as needed, until smooth and creamy. Add in additional water (a tablespoon or so at a time – I usually add 1 more tablespoon) to get it to smooth out to your liking. I let mine process for about 1 minute or so to get it really smooth after adding the additional water.
Transfer the dip to a serving bowl. Fold in 2 teaspoons of the everything topping. Sprinkle the remaining everything topping over the top of the dip. Serve with crackers, chips, whatever you like!
A note on serving! If possible, I would suggest serving in a wider bowl than what you see in the pictures. This way, you can sprinkle the second half of the everything topping over a wider surface. If you use something skinnier / smaller like the bowl in the photos, I would suggest incorporating more of the topping into the dip itself and saving less to sprinkle over the top.
Would it be okay to freeze this?
I think this may get a little weird in the freezer … but you could definitely give it a try!
That gorgeous green is everything to me. I am very sure it tastes as just amazing as it looks, Ashley.
Thanks Angie! I love the color too!!
Love this! And I love the spinach!!
I was wondering what you meant by everything in the title…I'm clearly not the sharpest of tools in the box, lol!
Now that I know what you mean, this sounds like it's packed with flavor. And I love that it's healthy too. Perfect for at home game day food that you keep eating all week long!
haha I thought about calling it everything bagel but wasn't sure if that would be confusing!! Hope you have an awesome weekend Sarah!!
haha this dip will do that to you!!
Oh I would eat this any time of day…I don't need football as an excuse to snack on dip! I love the sound of the everything topping, and serving it with bagel chips is a great idea! Pinned to try, and have a great weekend!
haha I do like the color too! Thanks Olivia!
It's been waaaay too long since I've had a good spinach dip, and you seriously don't even know how badly I'm craving my own personal bowl of this gorgeousness right now!
Spinach chickpea dip? Wow! It looks so vibrant and so flavorful. Indeed this a perfect game day food.
Such a fabulous dip!! Really love the spinach in there!
Ashley, can I just come live with you? I'll eat, compliment you on your food, eat again, sigh and be happy. You down with that??? Because as usual, I come here and drool and dream. Looks delish!
haha you are welcome at my house anytime Kristi!!
This dip sounds so stinkin' good! I'm a big dipper, lol!
I'm in love with this gorgeous color, Ashley! I've never thought to combine chickpeas and spinach before, so this looks like the perfect game day snack!
Thanks Gayle! I am definitely a sucker for the color too!!


Even with publicity about Montgomery County's no refusal program for the New Year's weekend - and signs on most major roads warning that Texas Department of Public Safety troopers were on alert - law enforcement made 40 driving while intoxicated arrests over the weekend.
Those arrests came Saturday and Sunday, said Assistant District Attorney Warren Diepraam, head of the Vehicular Crimes Division for the Montgomery County District Attorney's Office.
"We're very appreciative of law enforcement out there on the roads protecting everyone," he said.
In addition to increased patrols by DPS, the Montgomery County Sheriff's Office and Conroe Police Department put more patrol officers on the street for the weekend, Diepraam previously said. The Precinct 1 and Precinct 2 Constable's offices also increased its patrols, and the Precinct 4 Constable's Office put all its officers on the roads.
During a no refusal program, anyone suspected of driving while intoxicated and who refuses to take a breath test is subject to an immediate search warrant for a blood alcohol test.
The refusal rate over the weekend was 20 percent, which was a "significant reduction" over the normal refusal rate, Diepraam said. During last year's New Year's no refusal program, officers arrested 24 people suspected of driving while intoxicated.
Six of the DWI arrests over the weekend involved felony charges, while eight involved people with a second or more DWI charge.