The two institutions have recently agreed to share their art holdings on a continuing basis.
The letter to the Mayor went through some six drafts before the institutions would agree to sign it.
The institutions would then agree to use the money for salaries and benefits.
The institutions that the regulators have agreed to insure hold assets of $381 million.
The institution agreed to fix the problem and pay $365,000 for river improvements in a settlement with the state attorney general's office.
A lot of work has gone into reaching a balanced agreement the three institutions can agree on.
All the institutions agreed that this would be the case so as to avoid any legal vacuum.
I therefore regret that the institutions cannot agree on this important question.
All the institutions agree that rigour has to be maintained.
The institutions have already, for that reason, agreed to review the situation in the light of developments.
