We're not looking for powers. These are not facilities. We're doing term.... I'll bring it down to the concrete right now. We are undertaking term purchase and resale operations at this moment. We announced it yesterday. We are limited in the type of securities against which we can do those operations. When they're purchased--cash for assets--we take a haircut on those assets and protect the Bank of Canada. They are big haircuts, and it's relatively short term.
But we are not able to go across the full range of fixed-income securities, bond securities. That is very unusual for a central bank. It's an accident of history, of drafting, if you will, and we're trying to get the practical aspect fixed.
Now, what we could do today is take treasury bills, of which we have a large number on our balance sheet, and give those to the financial institution. We could take anything from that financial institution today. So we could effectively do the same thing. It is slightly less useful, but it is economically the same. It's slightly less useful for the financial system to have more treasury bills in a number of these situations than to have cash, but economically it's exactly the same in terms of the Bank of Canada.