%PDF-1.5 1 0 obj <> endobj 3 0 obj <>] /Rotate 0 /Contents 4 0 R>> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 139.55 729.70 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 200.25 729.70 Td (A) Tj ET Q q 0 0 0 rg BT 207.58 729.70 Td (TES SECURITIES ) Tj ET Q q 0 0 0 rg BT 302.26 729.70 Td (AND EXCHANGE COMMISSION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.75 717.70 Td (W) Tj ET Q q 0 0 0 rg BT 267.39 717.70 Td (ashington, D.C. 20549) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 277.40 697.30 Td (FORM ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 314.41 697.30 Td (10-Q) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 339.08 697.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.10 679.30 Td (QUAR) Tj ET Q q 0 0 0 rg BT 95.83 679.30 Td (TERL) Tj ET Q q 0 0 0 rg BT 119.83 679.30 Td (Y) Tj ET Q q 0 0 0 rg BT 126.68 679.30 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 160.81 679.30 Td (T) Tj ET Q q 0 0 0 rg BT 166.74 679.30 Td ( PURSUANT) Tj ET Q q 0 0 0 rg BT 221.85 679.30 Td ( ) Tj ET Q q 0 0 0 rg BT 224.16 679.30 Td (T) Tj ET Q q 0 0 0 rg BT 230.09 679.30 Td (O SECTION 13 OR 15\(d\) OF ) Tj ET Q q 0 0 0 rg BT 352.69 679.30 Td (THE SECURITIES EXCHANGE ) Tj ET Q q 0 0 0 rg BT 490.74 679.30 Td (ACT) Tj ET Q q 0 0 0 rg BT 510.56 679.30 Td ( OF 1934) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 191.55 658.90 Td (For the quarterly period ended ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 346.55 658.90 Td (March 31, 2020) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 424.89 658.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.55 640.90 Td (Commission File Number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.94 640.90 Td (1-1) Tj ET Q q 0 0 0 rg BT 357.90 640.90 Td (1758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 640.90 Td ( ) Tj ET Q /GS0 gs q 128.00 0 0 18.00 244.25 607.90 cm /I1 Do Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.25 594.30 Td (\(Exact name of Registrant as specified in its charter\)) Tj ET Q BT /F1 2.00 Tf ET q 0 0 0 rg BT 49.50 591.90 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 581.4 m 170.5 581.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 581.4 m 233.5 581.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 233.5 581.4 m 254.5 581.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 581.4 m 295.5 581.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 295.5 581.4 m 438.5 581.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 581.4 m 494.5 581.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 581.4 m 540.5 581.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 540.5 581.4 m 567.5 581.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 532.4 m 170.5 532.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 532.4 m 233.5 532.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 233.5 532.4 m 254.5 532.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 532.4 m 295.5 532.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 295.5 532.4 m 438.5 532.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 532.4 m 494.5 532.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 532.4 m 540.5 532.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 540.5 532.4 m 567.5 532.4 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.30 567.18 Td (Delawar) Tj ET Q q 0 0 0 rg BT 123.31 567.18 Td (e) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.35 567.18 Td (1585 Br) Tj ET Q q 0 0 0 rg BT 232.87 567.18 Td (oadway) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.30 567.18 Td (36-3145972) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.30 567.18 Td (\(212\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 497.00 567.18 Td (761-4000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.05 557.35 Td (\(State or other jurisdiction of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.35 549.35 Td (incorporation or or) Tj ET Q q 0 0 0 rg BT 119.63 549.35 Td (ganization\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 185.35 556.13 Td (New ) Tj ET Q q 0 0 0 rg BT 206.36 556.13 Td (Y) Tj ET Q q 0 0 0 rg BT 212.47 556.13 Td (ork,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 236.00 556.13 Td (NY) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 257.00 556.13 Td (10036) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.40 557.35 Td (\(I.R.S. Employer Identification No.\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.45 557.35 Td (\(Registrant’) Tj ET Q q 0 0 0 rg BT 489.44 557.35 Td (s telephone number) Tj ET Q q 0 0 0 rg BT 551.71 557.35 Td (,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.80 549.35 Td (including area code\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.15 545.35 Td (\(Address of principal executive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.80 537.35 Td (of) Tj ET Q q 0 0 0 rg BT 195.32 537.35 Td (fices, including zip code\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 485.4 m 378.5 485.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 485.4 m 438.5 485.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 485.4 m 567.5 485.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 474.4 m 378.5 474.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 474.4 m 438.5 474.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 474.4 m 567.5 474.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 453.4 m 378.5 453.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 453.4 m 378.5 453.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 453.4 m 438.5 453.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 453.4 m 567.5 453.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 432.4 m 378.5 432.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 432.4 m 438.5 432.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 432.4 m 567.5 432.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 411.4 m 378.5 411.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 411.4 m 378.5 411.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 411.4 m 438.5 411.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 411.4 m 567.5 411.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 390.4 m 378.5 390.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 390.4 m 378.5 390.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 390.4 m 438.5 390.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 390.4 m 567.5 390.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 369.4 m 378.5 369.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 369.4 m 378.5 369.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 369.4 m 438.5 369.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 369.4 m 567.5 369.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 349.4 m 378.5 349.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 349.4 m 438.5 349.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 349.4 m 567.5 349.4 l s 0.8235294117647058 0.8235294117647058 0.8235294117647058 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 328.4 m 378.5 328.4 l s 0.8235294117647058 0.8235294117647058 0.8235294117647058 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 328.4 m 438.5 328.4 l s 0.8235294117647058 0.8235294117647058 0.8235294117647058 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 328.4 m 567.5 328.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 317.4 m 378.5 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 317.4 m 438.5 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 317.4 m 567.5 317.4 l s BT /F1 1.00 Tf ET q 0 0 0 rg BT 48.00 519.21 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 48.00 512.13 Td (Securities r) Tj ET Q q 0 0 0 rg BT 96.41 512.13 Td (egister) Tj ET Q q 0 0 0 rg BT 124.55 512.13 Td (ed pursuant to Section 12\(b\) of the ) Tj ET Q q 0 0 0 rg BT 273.72 512.13 Td (Act:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 489.65 Td (T) Tj ET Q q 0 0 0 rg BT 52.75 489.65 Td (itle of each class) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.45 497.65 Td (T) Tj ET Q q 0 0 0 rg BT 400.06 497.65 Td (rading) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.30 489.65 Td (Symbol\(s\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.50 497.65 Td (Name of exchange on) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.95 489.65 Td (which registered) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 477.35 Td (Common Stock, $0.01 par value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.20 477.35 Td (MS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 477.35 Td (New ) Tj ET Q q 0 0 0 rg BT 476.31 477.35 Td (Y) Tj ET Q q 0 0 0 rg BT 481.54 477.35 Td (ork Stock Exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 466.40 Td (Depositary Shares, each representing 1/1,000th interest in a share of Floating Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.55 457.65 Td (MS/P) Tj ET Q q 0 0 0 rg BT 414.42 457.65 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 457.65 Td (New ) Tj ET Q q 0 0 0 rg BT 476.31 457.65 Td (Y) Tj ET Q q 0 0 0 rg BT 481.54 457.65 Td (ork Stock Exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 456.35 Td (Non-Cumulative Preferred Stock, Series ) Tj ET Q q 0 0 0 rg BT 185.08 456.35 Td (A, $0.01 par value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 445.40 Td (Depositary Shares, each representing 1/1,000th interest in a share of Fixed-to-Floating Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.40 436.65 Td (MS/PE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 436.65 Td (New ) Tj ET Q q 0 0 0 rg BT 476.31 436.65 Td (Y) Tj ET Q q 0 0 0 rg BT 481.54 436.65 Td (ork Stock Exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 435.35 Td (Non-Cumulative Preferred Stock, Series E, $0.01 par value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 424.40 Td (Depositary Shares, each representing 1/1,000th interest in a share of Fixed-to-Floating Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.65 415.65 Td (MS/PF) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 415.65 Td (New ) Tj ET Q q 0 0 0 rg BT 476.31 415.65 Td (Y) Tj ET Q q 0 0 0 rg BT 481.54 415.65 Td (ork Stock Exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 414.35 Td (Non-Cumulative Preferred Stock, Series F) Tj ET Q q 0 0 0 rg BT 189.11 414.35 Td (, $0.01 par value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 403.40 Td (Depositary Shares, each representing 1/1,000th interest in a share of Fixed-to-Floating Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.55 394.65 Td (MS/PI) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 394.65 Td (New ) Tj ET Q q 0 0 0 rg BT 476.31 394.65 Td (Y) Tj ET Q q 0 0 0 rg BT 481.54 394.65 Td (ork Stock Exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 393.35 Td (Non-Cumulative Preferred Stock, Series I, $0.01 par value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 382.40 Td (Depositary Shares, each representing 1/1,000th interest in a share of Fixed-to-Floating Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.95 373.65 Td (MS/PK) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 373.65 Td (New ) Tj ET Q q 0 0 0 rg BT 476.31 373.65 Td (Y) Tj ET Q q 0 0 0 rg BT 481.54 373.65 Td (ork Stock Exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 372.35 Td (Non-Cumulative Preferred Stock, Series K, $0.01 par value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 361.40 Td (Depository Shares, each representing 1/1000th interest in a share of 4.875%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.55 353.65 Td (MS/PL) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 353.65 Td (New ) Tj ET Q q 0 0 0 rg BT 476.31 353.65 Td (Y) Tj ET Q q 0 0 0 rg BT 481.54 353.65 Td (ork Stock Exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 351.40 Td (Non-Cumulative Preferred Stock, Series L, $0.01 par value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 341.40 Td (Global Medium-T) Tj ET Q q 0 0 0 rg BT 106.15 341.40 Td (erm Notes, Series ) Tj ET Q q 0 0 0 rg BT 164.31 341.40 Td (A, Fixed Rate Step-Up Senior Notes Due 2026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.40 332.65 Td (MS/26C) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 332.65 Td (New ) Tj ET Q q 0 0 0 rg BT 476.31 332.65 Td (Y) Tj ET Q q 0 0 0 rg BT 481.54 332.65 Td (ork Stock Exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 331.35 Td (of Mor) Tj ET Q q 0 0 0 rg BT 76.30 331.35 Td (gan Stanley Finance LLC \(and Registrant’) Tj ET Q q 0 0 0 rg BT 211.60 331.35 Td (s guarantee with respect thereto\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 320.35 Td (Mor) Tj ET Q q 0 0 0 rg BT 61.63 320.35 Td (gan Stanley Cushing® MLP) Tj ET Q q 0 0 0 rg BT 152.08 320.35 Td ( High Income Index ETNs due March 21, 2031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.00 320.35 Td (MLPY) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.35 320.35 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 497.80 320.35 Td (Arca, Inc.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.90 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 84.14 296.90 Td (by ) Tj ET Q q 0 0 0 rg BT 96.57 296.90 Td (check ) Tj ET Q q 0 0 0 rg BT 122.32 296.90 Td (mark ) Tj ET Q q 0 0 0 rg BT 145.31 296.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 179.95 296.90 Td (the ) Tj ET Q q 0 0 0 rg BT 194.60 296.90 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 238.14 296.90 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 252.24 296.90 Td (has ) Tj ET Q q 0 0 0 rg BT 268.00 296.90 Td (filed ) Tj ET Q q 0 0 0 rg BT 288.76 296.90 Td (all ) Tj ET Q q 0 0 0 rg BT 301.19 296.90 Td (reports ) Tj ET Q q 0 0 0 rg BT 331.40 296.90 Td (required ) Tj ET Q q 0 0 0 rg BT 367.15 296.90 Td (to ) Tj ET Q q 0 0 0 rg BT 377.36 296.90 Td (be ) Tj ET Q q 0 0 0 rg BT 389.24 296.90 Td (filed ) Tj ET Q q 0 0 0 rg BT 410.00 296.90 Td (by ) Tj ET Q q 0 0 0 rg BT 422.43 296.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 454.86 296.90 Td (13 ) Tj ET Q q 0 0 0 rg BT 467.30 296.90 Td (or ) Tj ET Q q 0 0 0 rg BT 478.06 296.90 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 502.16 296.90 Td (of ) Tj ET Q q 0 0 0 rg BT 512.93 296.90 Td (the ) Tj ET Q q 0 0 0 rg BT 527.58 296.90 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.90 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 91.42 284.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 109.06 284.90 Td (of ) Tj ET Q q 0 0 0 rg BT 120.59 284.90 Td (1934 ) Tj ET Q q 0 0 0 rg BT 143.79 284.90 Td (during ) Tj ET Q q 0 0 0 rg BT 173.10 284.90 Td (the ) Tj ET Q q 0 0 0 rg BT 188.52 284.90 Td (preceding ) Tj ET Q q 0 0 0 rg BT 231.15 284.90 Td (12 ) Tj ET Q q 0 0 0 rg BT 244.35 284.90 Td (months ) Tj ET Q q 0 0 0 rg BT 277.00 284.90 Td (\(or ) Tj ET Q q 0 0 0 rg BT 291.86 284.90 Td (for ) Tj ET Q q 0 0 0 rg BT 306.73 284.90 Td (such ) Tj ET Q q 0 0 0 rg BT 328.26 284.90 Td (shorter ) Tj ET Q q 0 0 0 rg BT 359.23 284.90 Td (period ) Tj ET Q q 0 0 0 rg BT 387.98 284.90 Td (that ) Tj ET Q q 0 0 0 rg BT 406.18 284.90 Td (the ) Tj ET Q q 0 0 0 rg BT 421.59 284.90 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 465.90 284.90 Td (was ) Tj ET Q q 0 0 0 rg BT 484.65 284.90 Td (required ) Tj ET Q q 0 0 0 rg BT 521.17 284.90 Td (to ) Tj ET Q q 0 0 0 rg BT 532.15 284.90 Td (file ) Tj ET Q q 0 0 0 rg BT 548.68 284.90 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.70 Td (reports\), ) Tj ET Q q 0 0 0 rg BT 85.60 271.70 Td (and ) Tj ET Q q 0 0 0 rg BT 102.54 271.70 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 116.70 271.70 Td (has ) Tj ET Q q 0 0 0 rg BT 132.53 271.70 Td (been ) Tj ET Q q 0 0 0 rg BT 153.90 271.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 184.73 271.70 Td (to ) Tj ET Q q 0 0 0 rg BT 195.01 271.70 Td (such ) Tj ET Q q 0 0 0 rg BT 215.84 271.70 Td (filing ) Tj ET Q q 0 0 0 rg BT 240.00 271.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 294.71 271.70 Td (for ) Tj ET Q q 0 0 0 rg BT 308.87 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 323.58 271.70 Td (past ) Tj ET Q q 0 0 0 rg BT 342.19 271.70 Td (90 ) Tj ET Q q 0 0 0 rg BT 354.69 271.70 Td (days.    ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 271.70 Td (Y) Tj ET Q q 0 0 0 rg BT 391.37 271.70 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.70 271.70 Td ( ) Tj ET Q q 0 0 0 rg BT 402.20 271.70 Td ( ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 404.70 269.39 cm /I2 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.77 271.70 Td (     No  ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 442.49 269.39 cm /I3 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.70 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 84.61 250.70 Td (by ) Tj ET Q q 0 0 0 rg BT 97.51 250.70 Td (check ) Tj ET Q q 0 0 0 rg BT 123.73 250.70 Td (mark ) Tj ET Q q 0 0 0 rg BT 147.18 250.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 182.29 250.70 Td (the ) Tj ET Q q 0 0 0 rg BT 197.41 250.70 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 241.42 250.70 Td (has ) Tj ET Q q 0 0 0 rg BT 257.66 250.70 Td (submitted ) Tj ET Q q 0 0 0 rg BT 300.00 250.70 Td (electronically ) Tj ET Q q 0 0 0 rg BT 357.32 250.70 Td (every ) Tj ET Q q 0 0 0 rg BT 382.43 250.70 Td (Interactive ) Tj ET Q q 0 0 0 rg BT 428.09 250.70 Td (Data ) Tj ET Q q 0 0 0 rg BT 449.87 250.70 Td (File ) Tj ET Q q 0 0 0 rg BT 468.33 250.70 Td (required ) Tj ET Q q 0 0 0 rg BT 504.55 250.70 Td (to ) Tj ET Q q 0 0 0 rg BT 515.23 250.70 Td (be ) Tj ET Q q 0 0 0 rg BT 527.57 250.70 Td (submitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 86.25 238.70 Td (to ) Tj ET Q q 0 0 0 rg BT 96.34 238.70 Td (Rule ) Tj ET Q q 0 0 0 rg BT 117.54 238.70 Td (405 ) Tj ET Q q 0 0 0 rg BT 134.85 238.70 Td (of ) Tj ET Q q 0 0 0 rg BT 145.49 238.70 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 191.69 238.70 Td (S-T) Tj ET Q q 0 0 0 rg BT 206.51 238.70 Td ( ) Tj ET Q q 0 0 0 rg BT 208.82 238.70 Td (\(§ ) Tj ET Q q 0 0 0 rg BT 219.46 238.70 Td (232.405 ) Tj ET Q q 0 0 0 rg BT 254.27 238.70 Td (of ) Tj ET Q q 0 0 0 rg BT 264.92 238.70 Td (this ) Tj ET Q q 0 0 0 rg BT 281.68 238.70 Td (chapter\) ) Tj ET Q q 0 0 0 rg BT 316.74 238.70 Td (during ) Tj ET Q q 0 0 0 rg BT 345.16 238.70 Td (the ) Tj ET Q q 0 0 0 rg BT 359.69 238.70 Td (preceding ) Tj ET Q q 0 0 0 rg BT 401.43 238.70 Td (12 ) Tj ET Q q 0 0 0 rg BT 413.74 238.70 Td (months ) Tj ET Q q 0 0 0 rg BT 445.50 238.70 Td (\(or ) Tj ET Q q 0 0 0 rg BT 459.47 238.70 Td (for ) Tj ET Q q 0 0 0 rg BT 473.44 238.70 Td (such ) Tj ET Q q 0 0 0 rg BT 494.08 238.70 Td (shorter ) Tj ET Q q 0 0 0 rg BT 524.17 238.70 Td (period ) Tj ET Q q 0 0 0 rg BT 552.02 238.70 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 225.50 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 107.82 225.50 Td (was ) Tj ET Q q 0 0 0 rg BT 125.87 225.50 Td (required ) Tj ET Q q 0 0 0 rg BT 161.69 225.50 Td (to ) Tj ET Q q 0 0 0 rg BT 171.97 225.50 Td (submit ) Tj ET Q q 0 0 0 rg BT 201.69 225.50 Td (such ) Tj ET Q q 0 0 0 rg BT 222.52 225.50 Td (files\).    ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.20 225.50 Td (Y) Tj ET Q q 0 0 0 rg BT 261.42 225.50 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.75 225.50 Td (  ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 274.75 223.19 cm /I4 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.82 225.50 Td (    No  ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 310.04 223.19 cm /I5 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.50 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 85.16 204.50 Td (by ) Tj ET Q q 0 0 0 rg BT 98.62 204.50 Td (check ) Tj ET Q q 0 0 0 rg BT 125.39 204.50 Td (mark ) Tj ET Q q 0 0 0 rg BT 149.39 204.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 185.06 204.50 Td (the ) Tj ET Q q 0 0 0 rg BT 200.73 204.50 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 245.29 204.50 Td (is ) Tj ET Q q 0 0 0 rg BT 255.42 204.50 Td (a ) Tj ET Q q 0 0 0 rg BT 263.31 204.50 Td (lar) Tj ET Q q 0 0 0 rg BT 273.68 204.50 Td (ge ) Tj ET Q q 0 0 0 rg BT 286.58 204.50 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 334.99 204.50 Td (filer) Tj ET Q q 0 0 0 rg BT 351.24 204.50 Td (, ) Tj ET Q q 0 0 0 rg BT 357.20 204.50 Td (an ) Tj ET Q q 0 0 0 rg BT 370.10 204.50 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 418.51 204.50 Td (filer) Tj ET Q q 0 0 0 rg BT 434.76 204.50 Td (, ) Tj ET Q q 0 0 0 rg BT 440.72 204.50 Td (a ) Tj ET Q q 0 0 0 rg BT 448.62 204.50 Td (non-accelerated ) Tj ET Q q 0 0 0 rg BT 515.36 204.50 Td (filer) Tj ET Q q 0 0 0 rg BT 531.61 204.50 Td (, ) Tj ET Q q 0 0 0 rg BT 537.57 204.50 Td (smaller ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.88 192.50 Td (company) Tj ET Q q 0 0 0 rg BT 124.88 192.50 Td (, ) Tj ET Q q 0 0 0 rg BT 130.11 192.50 Td (or ) Tj ET Q q 0 0 0 rg BT 141.16 192.50 Td (an ) Tj ET Q q 0 0 0 rg BT 153.32 192.50 Td (emer) Tj ET Q q 0 0 0 rg BT 173.12 192.50 Td (ging ) Tj ET Q q 0 0 0 rg BT 193.62 192.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 224.68 192.50 Td (company) Tj ET Q q 0 0 0 rg BT 260.68 192.50 Td (. ) Tj ET Q q 0 0 0 rg BT 265.90 192.50 Td (See ) Tj ET Q q 0 0 0 rg BT 283.06 192.50 Td (the ) Tj ET Q q 0 0 0 rg BT 298.00 192.50 Td (definitions ) Tj ET Q q 0 0 0 rg BT 343.50 192.50 Td (of ) Tj ET Q q 0 0 0 rg BT 354.55 192.50 Td (“lar) Tj ET Q q 0 0 0 rg BT 369.36 192.50 Td (ge ) Tj ET Q q 0 0 0 rg BT 381.52 192.50 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 429.19 192.50 Td (filer) Tj ET Q q 0 0 0 rg BT 445.45 192.50 Td (,” ) Tj ET Q q 0 0 0 rg BT 455.11 192.50 Td (“accelerated ) Tj ET Q q 0 0 0 rg BT 507.23 192.50 Td (filer) Tj ET Q q 0 0 0 rg BT 523.48 192.50 Td (,” ) Tj ET Q q 0 0 0 rg BT 533.14 192.50 Td (“smaller ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.66 180.50 Td (company) Tj ET Q q 0 0 0 rg BT 124.66 180.50 Td (,” ) Tj ET Q q 0 0 0 rg BT 134.10 180.50 Td (and ) Tj ET Q q 0 0 0 rg BT 151.04 180.50 Td (“emer) Tj ET Q q 0 0 0 rg BT 175.28 180.50 Td (ging ) Tj ET Q q 0 0 0 rg BT 195.56 180.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 226.39 180.50 Td (company” ) Tj ET Q q 0 0 0 rg BT 269.98 180.50 Td (in ) Tj ET Q q 0 0 0 rg BT 280.26 180.50 Td (Rule ) Tj ET Q q 0 0 0 rg BT 301.65 180.50 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 327.48 180.50 Td (of ) Tj ET Q q 0 0 0 rg BT 338.31 180.50 Td (the ) Tj ET Q q 0 0 0 rg BT 353.03 180.50 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 394.40 180.50 Td (Act. ) Tj ET Q q 0 0 0 rg BT 413.84 180.50 Td (\(Check ) Tj ET Q q 0 0 0 rg BT 445.21 180.50 Td (one\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 161.95 Td (Lar) Tj ET Q q 0 0 0 rg BT 63.46 161.95 Td (ge accelerated filer) Tj ET Q /GS0 gs q 7.34 0 0 9.38 130.50 158.12 cm /I6 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.95 161.95 Td (Accelerated filer) Tj ET Q /GS0 gs q 8.07 0 0 10.32 219.50 157.18 cm /I7 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.75 161.95 Td (Non-accelerated filer) Tj ET Q /GS0 gs q 8.07 0 0 10.32 319.50 157.18 cm /I8 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.95 161.95 Td (Smaller reporting company) Tj ET Q /GS0 gs q 8.07 0 0 10.32 436.50 157.18 cm /I9 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 161.95 Td (Emer) Tj ET Q q 0 0 0 rg BT 482.28 161.95 Td (ging growth company) Tj ET Q /GS0 gs q 8.07 0 0 10.32 558.50 157.18 cm /I10 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.50 Td (If ) Tj ET Q q 0 0 0 rg BT 58.69 136.50 Td (an ) Tj ET Q q 0 0 0 rg BT 70.67 136.50 Td (emer) Tj ET Q q 0 0 0 rg BT 90.47 136.50 Td (ging ) Tj ET Q q 0 0 0 rg BT 110.78 136.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 141.65 136.50 Td (company) Tj ET Q q 0 0 0 rg BT 177.65 136.50 Td (, ) Tj ET Q q 0 0 0 rg BT 182.69 136.50 Td (indicate ) Tj ET Q q 0 0 0 rg BT 216.87 136.50 Td (by ) Tj ET Q q 0 0 0 rg BT 229.41 136.50 Td (check ) Tj ET Q q 0 0 0 rg BT 255.26 136.50 Td (mark ) Tj ET Q q 0 0 0 rg BT 278.34 136.50 Td (if ) Tj ET Q q 0 0 0 rg BT 286.98 136.50 Td (the ) Tj ET Q q 0 0 0 rg BT 301.73 136.50 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 345.37 136.50 Td (has ) Tj ET Q q 0 0 0 rg BT 361.23 136.50 Td (elected ) Tj ET Q q 0 0 0 rg BT 392.08 136.50 Td (not ) Tj ET Q q 0 0 0 rg BT 407.39 136.50 Td (to ) Tj ET Q q 0 0 0 rg BT 417.70 136.50 Td (use ) Tj ET Q q 0 0 0 rg BT 433.57 136.50 Td (the ) Tj ET Q q 0 0 0 rg BT 448.32 136.50 Td (extended ) Tj ET Q q 0 0 0 rg BT 486.95 136.50 Td (transition ) Tj ET Q q 0 0 0 rg BT 527.25 136.50 Td (period ) Tj ET Q q 0 0 0 rg BT 555.33 136.50 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 123.30 Td (complying ) Tj ET Q q 0 0 0 rg BT 94.25 123.30 Td (with ) Tj ET Q q 0 0 0 rg BT 114.01 123.30 Td (any ) Tj ET Q q 0 0 0 rg BT 130.42 123.30 Td (new ) Tj ET Q q 0 0 0 rg BT 149.06 123.30 Td (or ) Tj ET Q q 0 0 0 rg BT 159.37 123.30 Td (revised ) Tj ET Q q 0 0 0 rg BT 190.22 123.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.18 123.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 273.03 123.30 Td (standards ) Tj ET Q q 0 0 0 rg BT 312.78 123.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 350.30 123.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 386.72 123.30 Td (to ) Tj ET Q q 0 0 0 rg BT 396.47 123.30 Td (Section ) Tj ET Q q 0 0 0 rg BT 428.45 123.30 Td (13\(a\) ) Tj ET Q q 0 0 0 rg BT 451.52 123.30 Td (of ) Tj ET Q q 0 0 0 rg BT 461.83 123.30 Td (the ) Tj ET Q q 0 0 0 rg BT 476.02 123.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 516.99 123.30 Td (Act.          ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 558.93 120.99 cm /I11 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 83.69 104.10 Td (by ) Tj ET Q q 0 0 0 rg BT 95.68 104.10 Td (check ) Tj ET Q q 0 0 0 rg BT 120.98 104.10 Td (mark ) Tj ET Q q 0 0 0 rg BT 143.52 104.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 177.72 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.92 104.10 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 235.01 104.10 Td (is ) Tj ET Q q 0 0 0 rg BT 243.67 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 250.10 104.10 Td (shell ) Tj ET Q q 0 0 0 rg BT 270.97 104.10 Td (company ) Tj ET Q q 0 0 0 rg BT 309.62 104.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 323.27 104.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 355.24 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.01 104.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 385.88 104.10 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 411.20 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.52 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.73 104.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 476.70 104.10 Td (Act\).    ) Tj ET Q q 0 0 0 rg BT 506.60 104.10 Td (Y) Tj ET Q q 0 0 0 rg BT 512.82 104.10 Td (es  ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 526.15 101.79 cm /I12 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.22 104.10 Td (    No ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 558.94 101.79 cm /I13 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.10 86.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.37 86.10 Td (April ) Tj ET Q q 0 0 0 rg BT 96.97 86.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 111.96 86.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 136.95 86.10 Td (there ) Tj ET Q q 0 0 0 rg BT 159.43 86.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.35 86.10 Td (1,575,656,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.85 86.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.34 86.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 268.82 86.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.64 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.35 86.10 Td (Registrant’) Tj ET Q q 0 0 0 rg BT 338.23 86.10 Td (s ) Tj ET Q q 0 0 0 rg BT 344.61 86.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 384.33 86.10 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 412.09 86.10 Td (par ) Tj ET Q q 0 0 0 rg BT 427.35 86.10 Td (value ) Tj ET Q q 0 0 0 rg BT 451.50 86.10 Td ($0.01 ) Tj ET Q q 0 0 0 rg BT 476.49 86.10 Td (per ) Tj ET Q q 0 0 0 rg BT 491.75 86.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 517.84 86.10 Td (outstanding.) Tj ET Q endstream endobj 5 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 6 0 R>> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 45.5 768.2333984375 m 116.4521484375 768.2333984375 l s q 0 0 1 rg BT 45.50 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 50.91 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 306.95 43.30 Td (i) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 45.00 720.70 Td (QUAR) Tj ET Q q 0 0 0 rg BT 78.28 720.70 Td (TERL) Tj ET Q q 0 0 0 rg BT 107.07 720.70 Td (Y) Tj ET Q q 0 0 0 rg BT 115.29 720.70 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 156.25 720.70 Td (T) Tj ET Q q 0 0 0 rg BT 163.37 720.70 Td ( ON FORM 10-Q) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 45.00 708.70 Td (For ) Tj ET Q q 0 0 0 rg BT 62.50 708.70 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 708.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 109.72 708.70 Td (ended ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 136.09 708.70 Td (Mar) Tj ET Q q 0 0 0 rg BT 152.94 708.70 Td (ch 31, ) Tj ET Q q 0 0 0 rg BT 179.88 708.70 Td (2020) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 199.88 708.70 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 45.5 685.2 m 76.5 685.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 685.2 m 464.5 685.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 685.2 m 498.5 685.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 685.2 m 532.5 685.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 532.5 685.2 m 567.5 685.2 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 673.2 m 76.5 673.2 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 673.2 m 464.5 673.2 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 673.2 m 498.5 673.2 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 673.2 m 532.5 673.2 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 673.2 m 567.5 673.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 661.2 m 498.5 661.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 661.2 m 76.5 661.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 661.2 m 464.5 661.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 661.2 m 532.5 661.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 661.2 m 567.5 661.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 649.2 m 76.5 649.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 649.2 m 464.5 649.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 649.2 m 498.5 649.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 649.2 m 532.5 649.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 649.2 m 567.5 649.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 637.2 m 76.5 637.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 637.2 m 464.5 637.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 637.2 m 498.5 637.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 637.2 m 532.5 637.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 637.2 m 567.5 637.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 625.2 m 76.5 625.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 625.2 m 464.5 625.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 625.2 m 498.5 625.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 625.2 m 532.5 625.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 625.2 m 567.5 625.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 613.2 m 76.5 613.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 613.2 m 464.5 613.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 613.2 m 498.5 613.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 613.2 m 532.5 613.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 613.2 m 567.5 613.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 601.2 m 76.5 601.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 601.2 m 464.5 601.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 601.2 m 498.5 601.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 601.2 m 532.5 601.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 601.2 m 567.5 601.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 589.2 m 76.5 589.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 589.2 m 464.5 589.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 589.2 m 498.5 589.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 589.2 m 532.5 589.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 589.2 m 567.5 589.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 577.2 m 76.5 577.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 577.2 m 464.5 577.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 577.2 m 498.5 577.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 577.2 m 532.5 577.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 577.2 m 567.5 577.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 565.2 m 76.5 565.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 565.2 m 464.5 565.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 565.2 m 498.5 565.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 565.2 m 532.5 565.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 565.2 m 567.5 565.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 553.2 m 76.5 553.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 553.2 m 464.5 553.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 553.2 m 498.5 553.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 553.2 m 532.5 553.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 553.2 m 567.5 553.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 541.2 m 76.5 541.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 541.2 m 464.5 541.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 541.2 m 498.5 541.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 541.2 m 532.5 541.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 541.2 m 567.5 541.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 529.2 m 76.5 529.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 529.2 m 464.5 529.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 529.2 m 498.5 529.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 529.2 m 532.5 529.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 529.2 m 567.5 529.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 517.2 m 76.5 517.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 517.2 m 464.5 517.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 517.2 m 498.5 517.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 517.2 m 532.5 517.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 517.2 m 567.5 517.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 505.20000000000005 m 76.5 505.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 505.20000000000005 m 464.5 505.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 505.20000000000005 m 498.5 505.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 505.20000000000005 m 532.5 505.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 505.20000000000005 m 567.5 505.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 493.20000000000005 m 76.5 493.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 493.20000000000005 m 464.5 493.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 493.20000000000005 m 498.5 493.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 493.20000000000005 m 532.5 493.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 493.20000000000005 m 567.5 493.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 481.20000000000005 m 76.5 481.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 481.20000000000005 m 464.5 481.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 481.20000000000005 m 498.5 481.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 481.20000000000005 m 532.5 481.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 481.20000000000005 m 567.5 481.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 469.20000000000005 m 76.5 469.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 469.20000000000005 m 464.5 469.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 469.20000000000005 m 498.5 469.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 469.20000000000005 m 532.5 469.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 469.20000000000005 m 567.5 469.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 457.20000000000005 m 76.5 457.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 457.20000000000005 m 464.5 457.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 457.20000000000005 m 498.5 457.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 457.20000000000005 m 532.5 457.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 457.20000000000005 m 567.5 457.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 445.20000000000005 m 76.5 445.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 445.20000000000005 m 464.5 445.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 445.20000000000005 m 498.5 445.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 445.20000000000005 m 532.5 445.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 445.20000000000005 m 567.5 445.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 433.20000000000005 m 76.5 433.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 433.20000000000005 m 464.5 433.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 433.20000000000005 m 498.5 433.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 433.20000000000005 m 532.5 433.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 433.20000000000005 m 567.5 433.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 421.20000000000005 m 76.5 421.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 421.20000000000005 m 464.5 421.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 421.20000000000005 m 498.5 421.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 421.20000000000005 m 532.5 421.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 421.20000000000005 m 567.5 421.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 409.20000000000005 m 76.5 409.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 409.20000000000005 m 464.5 409.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 409.20000000000005 m 498.5 409.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 409.20000000000005 m 532.5 409.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 409.20000000000005 m 567.5 409.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 397.20000000000005 m 76.5 397.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 397.20000000000005 m 464.5 397.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 397.20000000000005 m 498.5 397.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 397.20000000000005 m 532.5 397.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 397.20000000000005 m 567.5 397.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 385.20000000000005 m 76.5 385.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 385.20000000000005 m 464.5 385.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 385.20000000000005 m 498.5 385.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 385.20000000000005 m 532.5 385.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 385.20000000000005 m 567.5 385.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 373.20000000000005 m 76.5 373.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 373.20000000000005 m 464.5 373.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 373.20000000000005 m 498.5 373.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 373.20000000000005 m 532.5 373.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 373.20000000000005 m 567.5 373.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 361.20000000000005 m 76.5 361.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 361.20000000000005 m 464.5 361.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 361.20000000000005 m 498.5 361.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 361.20000000000005 m 532.5 361.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 361.20000000000005 m 567.5 361.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 349.20000000000005 m 76.5 349.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 349.20000000000005 m 464.5 349.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 349.20000000000005 m 498.5 349.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 349.20000000000005 m 532.5 349.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 349.20000000000005 m 567.5 349.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 337.20000000000005 m 76.5 337.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 325.20000000000005 m 76.5 325.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 337.20000000000005 m 464.5 337.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 337.20000000000005 m 498.5 337.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 337.20000000000005 m 532.5 337.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 337.20000000000005 m 567.5 337.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 325.20000000000005 m 76.5 325.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 325.20000000000005 m 464.5 325.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 325.20000000000005 m 498.5 325.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 325.20000000000005 m 532.5 325.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 325.20000000000005 m 567.5 325.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 313.20000000000005 m 76.5 313.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 313.20000000000005 m 464.5 313.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 313.20000000000005 m 498.5 313.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 313.20000000000005 m 532.5 313.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 313.20000000000005 m 567.5 313.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 301.20000000000005 m 76.5 301.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 301.20000000000005 m 464.5 301.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 301.20000000000005 m 498.5 301.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 301.20000000000005 m 532.5 301.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 301.20000000000005 m 567.5 301.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 289.20000000000005 m 76.5 289.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 289.20000000000005 m 464.5 289.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 289.20000000000005 m 498.5 289.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 289.20000000000005 m 532.5 289.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 289.20000000000005 m 567.5 289.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 277.20000000000005 m 76.5 277.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 277.20000000000005 m 464.5 277.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 277.20000000000005 m 498.5 277.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 277.20000000000005 m 532.5 277.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 277.20000000000005 m 567.5 277.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 265.20000000000005 m 76.5 265.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 265.20000000000005 m 464.5 265.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 265.20000000000005 m 498.5 265.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 265.20000000000005 m 532.5 265.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 265.20000000000005 m 567.5 265.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 253.20000000000005 m 76.5 253.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 253.20000000000005 m 464.5 253.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 253.20000000000005 m 498.5 253.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 253.20000000000005 m 532.5 253.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 253.20000000000005 m 567.5 253.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 241.20000000000005 m 76.5 241.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 241.20000000000005 m 464.5 241.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 241.20000000000005 m 498.5 241.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 241.20000000000005 m 532.5 241.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 241.20000000000005 m 567.5 241.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 229.20000000000005 m 76.5 229.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 229.20000000000005 m 464.5 229.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 229.20000000000005 m 498.5 229.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 229.20000000000005 m 532.5 229.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 229.20000000000005 m 567.5 229.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 217.20000000000005 m 76.5 217.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 217.20000000000005 m 464.5 217.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 217.20000000000005 m 498.5 217.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 217.20000000000005 m 532.5 217.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 217.20000000000005 m 567.5 217.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 205.20000000000005 m 76.5 205.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 205.20000000000005 m 464.5 205.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 205.20000000000005 m 498.5 205.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 205.20000000000005 m 532.5 205.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 205.20000000000005 m 567.5 205.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 193.20000000000005 m 76.5 193.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 193.20000000000005 m 464.5 193.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 193.20000000000005 m 498.5 193.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 193.20000000000005 m 532.5 193.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 193.20000000000005 m 567.5 193.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 181.20000000000005 m 76.5 181.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 181.20000000000005 m 464.5 181.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 181.20000000000005 m 498.5 181.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 181.20000000000005 m 532.5 181.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 181.20000000000005 m 567.5 181.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 169.20000000000005 m 76.5 169.20000000000005 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 157.20000000000005 m 76.5 157.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 169.20000000000005 m 464.5 169.20000000000005 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 157.20000000000005 m 464.5 157.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 169.20000000000005 m 498.5 169.20000000000005 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 157.20000000000005 m 498.5 157.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 169.20000000000005 m 532.5 169.20000000000005 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 157.20000000000005 m 532.5 157.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 169.20000000000005 m 567.5 169.20000000000005 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 157.20000000000005 m 567.5 157.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 145.20000000000005 m 76.5 145.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 145.20000000000005 m 464.5 145.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 145.20000000000005 m 498.5 145.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 145.20000000000005 m 532.5 145.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 145.20000000000005 m 567.5 145.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 133.20000000000005 m 76.5 133.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 133.20000000000005 m 464.5 133.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 133.20000000000005 m 498.5 133.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 133.20000000000005 m 532.5 133.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 133.20000000000005 m 567.5 133.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 121.20000000000005 m 76.5 121.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 121.20000000000005 m 464.5 121.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 121.20000000000005 m 498.5 121.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 121.20000000000005 m 532.5 121.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 121.20000000000005 m 567.5 121.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 109.20000000000005 m 76.5 109.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 109.20000000000005 m 464.5 109.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 109.20000000000005 m 498.5 109.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 109.20000000000005 m 532.5 109.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 109.20000000000005 m 567.5 109.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 97.20000000000005 m 76.5 97.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 97.20000000000005 m 464.5 97.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 97.20000000000005 m 498.5 97.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 97.20000000000005 m 532.5 97.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 97.20000000000005 m 567.5 97.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 85.20000000000005 m 567.5 85.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 85.20000000000005 m 76.5 85.20000000000005 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 73.20000000000005 m 76.5 73.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 85.20000000000005 m 464.5 85.20000000000005 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 76.5 73.20000000000005 m 464.5 73.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 85.20000000000005 m 498.5 85.20000000000005 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 73.20000000000005 m 498.5 73.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 85.20000000000005 m 532.5 85.20000000000005 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 73.20000000000005 m 532.5 73.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 85.20000000000005 m 567.5 85.20000000000005 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532.5 73.20000000000005 m 567.5 73.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 45.5 59.200000000000045 m 76.5 59.200000000000045 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 76.5 59.200000000000045 m 464.5 59.200000000000045 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 59.200000000000045 m 498.5 59.200000000000045 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 59.200000000000045 m 532.5 59.200000000000045 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 532.5 59.200000000000045 m 567.5 59.200000000000045 l s BT /F6 9.00 Tf ET q 0 0 0 rg BT 48.00 689.15 Td (T) Tj ET Q q 0 0 0 rg BT 52.50 689.15 Td (able of Contents) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 472.70 689.15 Td (Part) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 506.20 689.15 Td (Item) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 538.95 689.15 Td (Page) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 674.721728515625 m 102.02197265625 674.721728515625 l s q 0 0 1 rg BT 48.00 676.15 Td (Risk Factors) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 478.45 676.15 Td (II) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 518.45 676.15 Td (1A) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 662.721728515625 m 139.00634765625 662.721728515625 l s q 0 0 1 rg BT 48.00 664.15 Td (Financial Information) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 479.70 664.15 Td (I) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 664.15 Td ( ) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 650.721728515625 m 429.8935546875 650.721728515625 l s q 0 0 1 rg BT 48.00 652.15 Td (Management’) Tj ET Q q 0 0 1 rg BT 105.18 652.15 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 181.37 652.15 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 479.70 652.15 Td (I) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.95 652.15 Td (2) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 638.86455078125 m 107.0302734375 638.86455078125 l s q 0 0 1 rg BT 60.00 640.15 Td (Introduction) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 640.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 640.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 626.86455078125 m 140.0244140625 626.86455078125 l s q 0 0 1 rg BT 60.00 628.15 Td (Executive Summary) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 628.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 628.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 614.86455078125 m 139.541015625 614.86455078125 l s q 0 0 1 rg BT 60.00 616.15 Td (Business Segments) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 616.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 616.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 602.86455078125 m 201.07763671875 602.86455078125 l s q 0 0 1 rg BT 60.00 604.15 Td (Supplemental Financial Information) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 604.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 604.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 590.86455078125 m 115.01513671875 590.86455078125 l s q 0 0 1 rg BT 60.00 592.15 Td (Other Matters) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 578.86455078125 m 196.0810546875 578.86455078125 l s q 0 0 1 rg BT 60.00 580.15 Td (Accounting Development Updates) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 580.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 580.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 566.86455078125 m 167.54736328125 566.86455078125 l s q 0 0 1 rg BT 60.00 568.15 Td (Critical ) Tj ET Q q 0 0 1 rg BT 89.50 568.15 Td (Accounting Policies) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 568.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 568.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 554.86455078125 m 186.5712890625 554.86455078125 l s q 0 0 1 rg BT 60.00 556.15 Td (Liquidity and Capital Resources) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 556.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 556.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 542.86455078125 m 130.5439453125 542.86455078125 l s q 0 0 1 rg BT 72.00 544.15 Td (Balance Sheet) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 544.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 544.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 72 530.86455078125 m 174.0498046875 530.86455078125 l s q 0 0 1 rg BT 72.00 532.15 Td (Regulatory Requirements) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 532.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 532.15 Td ( ) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 518.721728515625 m 269.05810546875 518.721728515625 l s q 0 0 1 rg BT 48.00 520.15 Td (Quantitative and Qualitative Disclosures about Risk) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 479.70 520.15 Td (I) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.95 520.15 Td (3) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 506.86455078125005 m 107.5048828125 506.86455078125005 l s q 0 0 1 rg BT 60.00 508.15 Td (Market Risk) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 508.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 508.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 494.86455078125005 m 104.0068359375 494.86455078125005 l s q 0 0 1 rg BT 60.00 496.15 Td (Credit Risk) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 496.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 496.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 482.86455078125005 m 158.53857421875 482.86455078125005 l s q 0 0 1 rg BT 60.00 484.15 Td (Country and Other Risks) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 484.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 484.15 Td ( ) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 470.72172851562505 m 296.18115234375 470.72172851562505 l s q 0 0 1 rg BT 48.00 472.15 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 224.68 472.15 Td (Accounting Firm) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 472.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 472.15 Td ( ) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 458.72172851562505 m 243.53466796875 458.72172851562505 l s q 0 0 1 rg BT 48.00 460.15 Td (Consolidated Financial Statements and Notes) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 479.70 460.15 Td (I) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.95 460.15 Td (1) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 446.86455078125005 m 242.1005859375 446.86455078125005 l s q 0 0 1 rg BT 60.00 448.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 115.04 448.15 Td (Income ) Tj ET Q q 0 0 1 rg BT 147.05 448.15 Td (Statements ) Tj ET Q q 0 0 1 rg BT 195.07 448.15 Td (\(Unaudited\)) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 448.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 448.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 434.86455078125005 m 307.6318359375 434.86455078125005 l s q 0 0 1 rg BT 60.00 436.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 115.04 436.15 Td (Comprehensive ) Tj ET Q q 0 0 1 rg BT 180.57 436.15 Td (Income ) Tj ET Q q 0 0 1 rg BT 212.58 436.15 Td (Statements ) Tj ET Q q 0 0 1 rg BT 260.61 436.15 Td (\(Unaudited\)) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 436.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 436.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 422.86455078125005 m 302.65283203125 422.86455078125005 l s q 0 0 1 rg BT 60.00 424.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 115.04 424.15 Td (Balance ) Tj ET Q q 0 0 1 rg BT 150.06 424.15 Td (Sheets ) Tj ET Q q 0 0 1 rg BT 180.58 424.15 Td (\(Unaudited ) Tj ET Q q 0 0 1 rg BT 227.11 424.15 Td (at ) Tj ET Q q 0 0 1 rg BT 237.12 424.15 Td (March ) Tj ET Q q 0 0 1 rg BT 264.62 424.15 Td (31, ) Tj ET Q q 0 0 1 rg BT 279.63 424.15 Td (2020\)) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 424.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 424.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 410.86455078125005 m 316.98779296875 410.86455078125005 l s q 0 0 1 rg BT 60.00 412.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 115.04 412.15 Td (Statements ) Tj ET Q q 0 0 1 rg BT 163.06 412.15 Td (of ) Tj ET Q q 0 0 1 rg BT 173.07 412.15 Td (Changes ) Tj ET Q q 0 0 1 rg BT 211.59 412.15 Td (in ) Tj ET Q q 0 0 1 rg BT 220.94 412.15 Td (T) Tj ET Q q 0 0 1 rg BT 225.44 412.15 Td (otal ) Tj ET Q q 0 0 1 rg BT 242.45 412.15 Td (Equity ) Tj ET Q q 0 0 1 rg BT 269.96 412.15 Td (\(Unaudited\)) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 412.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 412.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 398.86455078125005 m 255.099609375 398.86455078125005 l s q 0 0 1 rg BT 60.00 400.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 115.04 400.15 Td (Cash ) Tj ET Q q 0 0 1 rg BT 138.55 400.15 Td (Flow ) Tj ET Q q 0 0 1 rg BT 160.05 400.15 Td (Statements ) Tj ET Q q 0 0 1 rg BT 208.07 400.15 Td (\(Unaudited\)) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 400.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 400.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 386.86455078125005 m 284.6220703125 386.86455078125005 l s q 0 0 1 rg BT 60.00 388.15 Td (Notes ) Tj ET Q q 0 0 1 rg BT 86.01 388.15 Td (to ) Tj ET Q q 0 0 1 rg BT 96.02 388.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 151.05 388.15 Td (Financial ) Tj ET Q q 0 0 1 rg BT 189.57 388.15 Td (Statements ) Tj ET Q q 0 0 1 rg BT 237.60 388.15 Td (\(Unaudited\)) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 388.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 388.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 374.86455078125005 m 67.505859375 374.86455078125005 l s q 0 0 1 rg BT 60.00 376.15 Td (1.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 374.86455078125005 m 231.0947265625 374.86455078125005 l s q 0 0 1 rg BT 79.00 376.15 Td (Introduction ) Tj ET Q q 0 0 1 rg BT 128.53 376.15 Td (and ) Tj ET Q q 0 0 1 rg BT 146.05 376.15 Td (Basis ) Tj ET Q q 0 0 1 rg BT 170.56 376.15 Td (of ) Tj ET Q q 0 0 1 rg BT 180.56 376.15 Td (Presentation) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 376.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 376.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 362.86455078125005 m 67.505859375 362.86455078125005 l s q 0 0 1 rg BT 60.00 364.15 Td (2.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 362.86455078125005 m 200.5703125 362.86455078125005 l s q 0 0 1 rg BT 79.00 364.15 Td (Significant ) Tj ET Q q 0 0 1 rg BT 122.53 364.15 Td (Accounting ) Tj ET Q q 0 0 1 rg BT 169.56 364.15 Td (Policies) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 364.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 364.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 350.86455078125005 m 67.505859375 350.86455078125005 l s q 0 0 1 rg BT 60.00 352.15 Td (3.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 350.86455078125005 m 190.0673828125 350.86455078125005 l s q 0 0 1 rg BT 79.00 352.15 Td (Cash ) Tj ET Q q 0 0 1 rg BT 102.51 352.15 Td (and ) Tj ET Q q 0 0 1 rg BT 120.03 352.15 Td (Cash ) Tj ET Q q 0 0 1 rg BT 143.54 352.15 Td (Equivalents) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 338.86455078125005 m 67.505859375 338.86455078125005 l s q 0 0 1 rg BT 60.00 340.15 Td (4.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 338.86455078125005 m 123.8505859375 338.86455078125005 l s q 0 0 1 rg BT 79.00 340.15 Td (Fair ) Tj ET Q q 0 0 1 rg BT 97.00 340.15 Td (V) Tj ET Q q 0 0 1 rg BT 102.33 340.15 Td (alues) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 340.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 340.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 326.86455078125005 m 67.505859375 326.86455078125005 l s q 0 0 1 rg BT 60.00 328.15 Td (5.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 326.86455078125005 m 148.36767578125 326.86455078125005 l s q 0 0 1 rg BT 79.00 328.15 Td (Fair ) Tj ET Q q 0 0 1 rg BT 97.00 328.15 Td (V) Tj ET Q q 0 0 1 rg BT 102.33 328.15 Td (alue ) Tj ET Q q 0 0 1 rg BT 121.85 328.15 Td (Option) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 314.86455078125005 m 67.505859375 314.86455078125005 l s q 0 0 1 rg BT 60.00 316.15 Td (6.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 314.86455078125005 m 259.58447265625 314.86455078125005 l s q 0 0 1 rg BT 79.00 316.15 Td (Derivative ) Tj ET Q q 0 0 1 rg BT 121.51 316.15 Td (Instruments ) Tj ET Q q 0 0 1 rg BT 171.03 316.15 Td (and ) Tj ET Q q 0 0 1 rg BT 188.55 316.15 Td (Hedging ) Tj ET Q q 0 0 1 rg BT 224.08 316.15 Td (Activities) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 316.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 316.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 302.86455078125005 m 67.505859375 302.86455078125005 l s q 0 0 1 rg BT 60.00 304.15 Td (7.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 302.86455078125005 m 165.0361328125 302.86455078125005 l s q 0 0 1 rg BT 79.00 304.15 Td (Investment ) Tj ET Q q 0 0 1 rg BT 125.52 304.15 Td (Securities) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 304.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 304.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 290.86455078125005 m 67.505859375 290.86455078125005 l s q 0 0 1 rg BT 60.00 292.15 Td (8.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 290.86455078125005 m 187.052734375 290.86455078125005 l s q 0 0 1 rg BT 79.00 292.15 Td (Collateralized ) Tj ET Q q 0 0 1 rg BT 135.87 292.15 Td (T) Tj ET Q q 0 0 1 rg BT 141.03 292.15 Td (ransactions) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 292.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 292.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 278.86455078125005 m 67.505859375 278.86455078125005 l s q 0 0 1 rg BT 60.00 280.15 Td (9.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 278.86455078125005 m 363.15478515625 278.86455078125005 l s q 0 0 1 rg BT 79.00 280.15 Td (Loans, ) Tj ET Q q 0 0 1 rg BT 108.52 280.15 Td (Lending ) Tj ET Q q 0 0 1 rg BT 143.05 280.15 Td (Commitments ) Tj ET Q q 0 0 1 rg BT 201.06 280.15 Td (and ) Tj ET Q q 0 0 1 rg BT 218.58 280.15 Td (Related ) Tj ET Q q 0 0 1 rg BT 251.60 280.15 Td (Allowance ) Tj ET Q q 0 0 1 rg BT 295.13 280.15 Td (for ) Tj ET Q q 0 0 1 rg BT 308.13 280.15 Td (Credit ) Tj ET Q q 0 0 1 rg BT 334.64 280.15 Td (Losses) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 280.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 280.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 266.86455078125005 m 72.51123046875 266.86455078125005 l s q 0 0 1 rg BT 60.00 268.15 Td (10.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 266.86455078125005 m 248.0751953125 266.86455078125005 l s q 0 0 1 rg BT 79.00 268.15 Td (Other ) Tj ET Q q 0 0 1 rg BT 103.51 268.15 Td (Assets—Equity ) Tj ET Q q 0 0 1 rg BT 167.04 268.15 Td (Method ) Tj ET Q q 0 0 1 rg BT 199.56 268.15 Td (Investments) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 268.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 268.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 254.86455078125005 m 71.84326171875 254.86455078125005 l s q 0 0 1 rg BT 60.00 256.15 Td (1) Tj ET Q q 0 0 1 rg BT 64.34 256.15 Td (1.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 254.86455078125005 m 114.015625 254.86455078125005 l s q 0 0 1 rg BT 79.00 256.15 Td (Deposits) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 256.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 256.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 242.86455078125005 m 72.51123046875 242.86455078125005 l s q 0 0 1 rg BT 60.00 244.15 Td (12.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 242.86455078125005 m 248.58935546875 242.86455078125005 l s q 0 0 1 rg BT 79.00 244.15 Td (Borrowings ) Tj ET Q q 0 0 1 rg BT 126.52 244.15 Td (and ) Tj ET Q q 0 0 1 rg BT 144.03 244.15 Td (Other ) Tj ET Q q 0 0 1 rg BT 169.04 244.15 Td (Secured ) Tj ET Q q 0 0 1 rg BT 205.07 244.15 Td (Financings) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 244.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 244.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 230.86455078125005 m 72.51123046875 230.86455078125005 l s q 0 0 1 rg BT 60.00 232.15 Td (13.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 230.86455078125005 m 263.59228515625 230.86455078125005 l s q 0 0 1 rg BT 79.00 232.15 Td (Commitments, ) Tj ET Q q 0 0 1 rg BT 139.51 232.15 Td (Guarantees ) Tj ET Q q 0 0 1 rg BT 189.04 232.15 Td (and ) Tj ET Q q 0 0 1 rg BT 206.56 232.15 Td (Contingencies) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 232.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 232.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 218.86455078125005 m 72.51123046875 218.86455078125005 l s q 0 0 1 rg BT 60.00 220.15 Td (14.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 218.86455078125005 m 287.43701171875 218.86455078125005 l s q 0 0 1 rg BT 79.00 220.15 Td (V) Tj ET Q q 0 0 1 rg BT 84.33 220.15 Td (ariable ) Tj ET Q q 0 0 1 rg BT 113.85 220.15 Td (Interest ) Tj ET Q q 0 0 1 rg BT 146.37 220.15 Td (Entities ) Tj ET Q q 0 0 1 rg BT 178.38 220.15 Td (and ) Tj ET Q q 0 0 1 rg BT 195.90 220.15 Td (Securitization ) Tj ET Q q 0 0 1 rg BT 251.93 220.15 Td (Activities) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 220.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 220.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 206.86455078125005 m 72.51123046875 206.86455078125005 l s q 0 0 1 rg BT 60.00 208.15 Td (15.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 206.86455078125005 m 181.0498046875 206.86455078125005 l s q 0 0 1 rg BT 79.00 208.15 Td (Regulatory ) Tj ET Q q 0 0 1 rg BT 125.02 208.15 Td (Requirements) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 208.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 208.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 194.86455078125005 m 72.51123046875 194.86455078125005 l s q 0 0 1 rg BT 60.00 196.15 Td (16.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 194.86455078125005 m 125.52490234375 194.86455078125005 l s q 0 0 1 rg BT 79.00 196.15 Td (T) Tj ET Q q 0 0 1 rg BT 83.50 196.15 Td (otal ) Tj ET Q q 0 0 1 rg BT 100.51 196.15 Td (Equity) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 196.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 196.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 182.86455078125005 m 72.51123046875 182.86455078125005 l s q 0 0 1 rg BT 60.00 184.15 Td (17.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 182.86455078125005 m 228.58544921875 182.86455078125005 l s q 0 0 1 rg BT 79.00 184.15 Td (Interest ) Tj ET Q q 0 0 1 rg BT 111.52 184.15 Td (Income ) Tj ET Q q 0 0 1 rg BT 143.53 184.15 Td (and ) Tj ET Q q 0 0 1 rg BT 161.05 184.15 Td (Interest ) Tj ET Q q 0 0 1 rg BT 193.56 184.15 Td (Expense) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 184.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 184.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 170.86455078125005 m 72.51123046875 170.86455078125005 l s q 0 0 1 rg BT 60.00 172.15 Td (18.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 170.86455078125005 m 134.3623046875 170.86455078125005 l s q 0 0 1 rg BT 79.00 172.15 Td (Income ) Tj ET Q q 0 0 1 rg BT 110.85 172.15 Td (T) Tj ET Q q 0 0 1 rg BT 115.35 172.15 Td (axes) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 172.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 172.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 60 158.86455078125005 m 72.51123046875 158.86455078125005 l s q 0 0 1 rg BT 60.00 160.15 Td (19.) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 79 158.86455078125005 m 270.1181640625 158.86455078125005 l s q 0 0 1 rg BT 79.00 160.15 Td (Segment, ) Tj ET Q q 0 0 1 rg BT 120.02 160.15 Td (Geographic ) Tj ET Q q 0 0 1 rg BT 169.05 160.15 Td (and ) Tj ET Q q 0 0 1 rg BT 186.57 160.15 Td (Revenue ) Tj ET Q q 0 0 1 rg BT 225.10 160.15 Td (Information) Tj ET Q BT /F6 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 160.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 160.15 Td ( ) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 146.72172851562505 m 215.51513671875 146.72172851562505 l s q 0 0 1 rg BT 48.00 148.15 Td (Financial Data Supplement \(Unaudited\)) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 148.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 148.15 Td ( ) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 134.72172851562505 m 232.5439453125 134.72172851562505 l s q 0 0 1 rg BT 48.00 136.15 Td (Glossary of Common T) Tj ET Q q 0 0 1 rg BT 146.35 136.15 Td (erms and ) Tj ET Q q 0 0 1 rg BT 188.53 136.15 Td (Acronyms) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 136.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 136.15 Td ( ) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 122.72172851562505 m 123.9990234375 122.72172851562505 l s q 0 0 1 rg BT 48.00 124.15 Td (Other Information) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 478.45 124.15 Td (II) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 124.15 Td ( ) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 110.72172851562505 m 128.0244140625 110.72172851562505 l s q 0 0 1 rg BT 48.00 112.15 Td (Legal Proceedings) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 478.45 112.15 Td (II) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.95 112.15 Td (1) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 98.72172851562505 m 307.5849609375 98.72172851562505 l s q 0 0 1 rg BT 48.00 100.15 Td (Unregistered Sales of Equity Securities and Use of Proceeds) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 478.45 100.15 Td (II) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.95 100.15 Td (2) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 86.72172851562505 m 155.52099609375 86.72172851562505 l s q 0 0 1 rg BT 48.00 88.15 Td (Controls and Procedures) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 479.70 88.15 Td (I) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.95 88.15 Td (4) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 74.72172851562505 m 83.0068359375 74.72172851562505 l s q 0 0 1 rg BT 48.00 76.15 Td (Exhibits) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 478.45 76.15 Td (II) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.95 76.15 Td (6) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.94 w 0 i [] 0 d 1 J 1 j 3 M 48 62.721728515625045 m 94.51171875 62.721728515625045 l s q 0 0 1 rg BT 48.00 64.15 Td (Signatures) Tj ET Q BT /F7 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F6 9.00 Tf ET q 0 0 0 rg BT 467.00 63.60 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 501.00 63.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 96.00 0 0 14.00 468.50 747.52 cm /I14 Do Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.95 676.15 Td (1) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.95 664.15 Td (2) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.95 652.15 Td (2) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.95 640.15 Td (2) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.95 628.15 Td (3) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.95 616.15 Td (7) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 604.15 Td (15) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 592.15 Td (15) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 580.15 Td (15) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 568.15 Td (16) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 556.15 Td (16) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 544.15 Td (16) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 532.15 Td (21) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 520.15 Td (28) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 508.15 Td (28) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 496.15 Td (30) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 484.15 Td (35) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 472.15 Td (38) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 460.15 Td (39) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 448.15 Td (39) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 436.15 Td (40) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 424.15 Td (41) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 412.15 Td (42) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 400.15 Td (43) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 388.15 Td (44) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 376.15 Td (44) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 364.15 Td (45) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 352.15 Td (47) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 340.15 Td (47) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 328.15 Td (54) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 316.15 Td (55) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 304.15 Td (59) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 292.15 Td (62) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 280.15 Td (63) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 268.15 Td (67) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 256.15 Td (67) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 244.15 Td (67) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 232.15 Td (68) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 220.15 Td (71) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 208.15 Td (73) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 196.15 Td (76) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 184.15 Td (78) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 172.15 Td (78) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 160.15 Td (78) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 148.15 Td (81) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 136.15 Td (82) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 124.15 Td (84) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 112.15 Td (84) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 100.15 Td (84) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 88.15 Td (84) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.95 76.15 Td (84) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 549.95 63.60 Td (S-) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.95 63.60 Td (1) Tj ET Q BT /F6 9.00 Tf ET endstream endobj 7 0 obj <>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 45.5 768.2333984375 m 116.4521484375 768.2333984375 l s q 0 0 1 rg BT 45.50 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 50.91 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.70 43.30 Td (ii) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 258.70 722.25 Td (A) Tj ET Q q 0 0 0 rg BT 265.18 722.25 Td (vailable Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 702.25 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 702.25 Td (e ) Tj ET Q q 0 0 0 rg BT 60.64 702.25 Td (file ) Tj ET Q q 0 0 0 rg BT 76.53 702.25 Td (annual, ) Tj ET Q q 0 0 0 rg BT 108.24 702.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 146.90 702.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.90 702.25 Td (current ) Tj ET Q q 0 0 0 rg BT 194.78 702.25 Td (reports, ) Tj ET Q q 0 0 0 rg BT 227.61 702.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 253.50 702.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 298.28 702.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.28 702.25 Td (other ) Tj ET Q q 0 0 0 rg BT 338.39 702.25 Td (information ) Tj ET Q q 0 0 0 rg BT 388.16 702.25 Td (with ) Tj ET Q q 0 0 0 rg BT 408.50 702.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.28 702.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 446.50 702.25 Td (The ) Tj ET Q q 0 0 0 rg BT 464.61 702.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 485.51 702.25 Td (maintains ) Tj ET Q q 0 0 0 rg BT 526.96 702.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.96 702.25 Td (website, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 45.00 690.25 Td (www) Tj ET Q q 0 0 0 rg BT 64.27 690.25 Td (.sec.gov) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.47 690.25 Td (, ) Tj ET Q q 0 0 0 rg BT 100.84 690.25 Td (that ) Tj ET Q q 0 0 0 rg BT 117.70 690.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 152.89 690.25 Td (annual, ) Tj ET Q q 0 0 0 rg BT 183.91 690.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 221.87 690.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.17 690.25 Td (current ) Tj ET Q q 0 0 0 rg BT 268.35 690.25 Td (reports, ) Tj ET Q q 0 0 0 rg BT 300.48 690.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 325.67 690.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.98 690.25 Td (information ) Tj ET Q q 0 0 0 rg BT 391.05 690.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 435.13 690.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.43 690.25 Td (other ) Tj ET Q q 0 0 0 rg BT 473.84 690.25 Td (information ) Tj ET Q q 0 0 0 rg BT 522.92 690.25 Td (that ) Tj ET Q q 0 0 0 rg BT 539.78 690.25 Td (issuers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 678.25 Td (file ) Tj ET Q q 0 0 0 rg BT 60.83 678.25 Td (electronically ) Tj ET Q q 0 0 0 rg BT 117.74 678.25 Td (with ) Tj ET Q q 0 0 0 rg BT 138.02 678.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.73 678.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 176.07 678.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 194.13 678.25 Td (electronic ) Tj ET Q q 0 0 0 rg BT 236.04 678.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 256.88 678.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 284.94 678.25 Td (are ) Tj ET Q q 0 0 0 rg BT 299.65 678.25 Td (available ) Tj ET Q q 0 0 0 rg BT 338.24 678.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.52 678.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.23 678.25 Td (public ) Tj ET Q q 0 0 0 rg BT 390.73 678.25 Td (at ) Tj ET Q q 0 0 0 rg BT 400.44 678.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.16 678.25 Td (SEC’) Tj ET Q q 0 0 0 rg BT 436.28 678.25 Td (s ) Tj ET Q q 0 0 0 rg BT 442.67 678.25 Td (website.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.72 678.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 658.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.53 658.25 Td (website ) Tj ET Q q 0 0 0 rg BT 97.06 658.25 Td (is ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 106.71 658.25 Td (www) Tj ET Q q 0 0 0 rg BT 125.98 658.25 Td (.mor) Tj ET Q q 0 0 0 rg BT 144.22 658.25 Td (ganstanley) Tj ET Q q 0 0 0 rg BT 186.99 658.25 Td (.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 658.25 Td (. ) Tj ET Q q 0 0 0 rg BT 211.19 658.25 Td (Y) Tj ET Q q 0 0 0 rg BT 217.41 658.25 Td (ou ) Tj ET Q q 0 0 0 rg BT 230.39 658.25 Td (can ) Tj ET Q q 0 0 0 rg BT 247.25 658.25 Td (access ) Tj ET Q q 0 0 0 rg BT 275.76 658.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.07 658.25 Td (Investor ) Tj ET Q q 0 0 0 rg BT 327.82 658.25 Td (Relations ) Tj ET Q q 0 0 0 rg BT 368.58 658.25 Td (webpage ) Tj ET Q q 0 0 0 rg BT 407.09 658.25 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 417.29 658.25 Td (www) Tj ET Q q 0 0 0 rg BT 436.56 658.25 Td (.mor) Tj ET Q q 0 0 0 rg BT 454.80 658.25 Td (ganstanley) Tj ET Q q 0 0 0 rg BT 497.57 658.25 Td (.com/about-us-ir) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.51 658.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 646.25 Td (e ) Tj ET Q q 0 0 0 rg BT 60.39 646.25 Td (make ) Tj ET Q q 0 0 0 rg BT 84.35 646.25 Td (available ) Tj ET Q q 0 0 0 rg BT 122.75 646.25 Td (free ) Tj ET Q q 0 0 0 rg BT 140.60 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.24 646.25 Td (char) Tj ET Q q 0 0 0 rg BT 168.27 646.25 Td (ge, ) Tj ET Q q 0 0 0 rg BT 182.52 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 194.83 646.25 Td (or ) Tj ET Q q 0 0 0 rg BT 205.47 646.25 Td (through ) Tj ET Q q 0 0 0 rg BT 238.89 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 254.53 646.25 Td (Investor ) Tj ET Q q 0 0 0 rg BT 289.61 646.25 Td (Relations ) Tj ET Q q 0 0 0 rg BT 329.70 646.25 Td (webpage, ) Tj ET Q q 0 0 0 rg BT 370.04 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 385.68 646.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 411.33 646.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 458.35 646.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 487.31 646.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 517.39 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 529.71 646.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 553.69 646.25 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 634.25 Td (K, ) Tj ET Q q 0 0 0 rg BT 56.98 634.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 95.33 634.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 125.36 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 137.62 634.25 Td (Form 10-Q, ) Tj ET Q q 0 0 0 rg BT 187.10 634.25 Td (current ) Tj ET Q q 0 0 0 rg BT 217.68 634.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 247.71 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 259.97 634.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 283.90 634.25 Td (8-K ) Tj ET Q q 0 0 0 rg BT 301.71 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.41 634.25 Td (any ) Tj ET Q q 0 0 0 rg BT 335.11 634.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 387.91 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.95 634.25 Td (those ) Tj ET Q q 0 0 0 rg BT 421.31 634.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 451.34 634.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 471.93 634.25 Td (or ) Tj ET Q q 0 0 0 rg BT 482.52 634.25 Td (furnished ) Tj ET Q q 0 0 0 rg BT 522.54 634.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 559.24 634.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.23 622.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 104.68 622.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 147.24 622.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 165.69 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.04 622.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 204.56 622.25 Td (as ) Tj ET Q q 0 0 0 rg BT 216.91 622.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 257.02 622.25 Td (\(“Exchange ) Tj ET Q q 0 0 0 rg BT 307.34 622.25 Td (Act”\), ) Tj ET Q q 0 0 0 rg BT 336.06 622.25 Td (as ) Tj ET Q q 0 0 0 rg BT 348.41 622.25 Td (soon ) Tj ET Q q 0 0 0 rg BT 371.32 622.25 Td (as ) Tj ET Q q 0 0 0 rg BT 383.67 622.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 431.00 622.25 Td (practicable ) Tj ET Q q 0 0 0 rg BT 478.87 622.25 Td (after ) Tj ET Q q 0 0 0 rg BT 501.21 622.25 Td (such ) Tj ET Q q 0 0 0 rg BT 523.55 622.25 Td (material ) Tj ET Q q 0 0 0 rg BT 560.33 622.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 610.25 Td (electronically ) Tj ET Q q 0 0 0 rg BT 101.56 610.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 122.03 610.25 Td (with, ) Tj ET Q q 0 0 0 rg BT 144.46 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 154.93 610.25 Td (furnished ) Tj ET Q q 0 0 0 rg BT 194.85 610.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 207.27 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.63 610.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 244.46 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 253.10 610.25 Td (e ) Tj ET Q q 0 0 0 rg BT 259.69 610.25 Td (also ) Tj ET Q q 0 0 0 rg BT 277.94 610.25 Td (make ) Tj ET Q q 0 0 0 rg BT 301.74 610.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 342.48 610.25 Td (through ) Tj ET Q q 0 0 0 rg BT 375.73 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 391.21 610.25 Td (Investor ) Tj ET Q q 0 0 0 rg BT 426.12 610.25 Td (Relations ) Tj ET Q q 0 0 0 rg BT 466.04 610.25 Td (webpage, ) Tj ET Q q 0 0 0 rg BT 506.22 610.25 Td (via ) Tj ET Q q 0 0 0 rg BT 520.59 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 527.17 610.25 Td (link ) Tj ET Q q 0 0 0 rg BT 544.87 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 554.80 610.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 598.25 Td (SEC’) Tj ET Q q 0 0 0 rg BT 66.12 598.25 Td (s ) Tj ET Q q 0 0 0 rg BT 71.73 598.25 Td (website, ) Tj ET Q q 0 0 0 rg BT 106.50 598.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 150.43 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.48 598.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 201.62 598.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 245.00 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.05 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 270.10 598.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 296.81 598.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 336.30 598.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 356.34 598.25 Td (by ) Tj ET Q q 0 0 0 rg BT 368.06 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 383.11 598.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 422.32 598.25 Td (of) Tj ET Q q 0 0 0 rg BT 430.47 598.25 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 456.90 598.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 476.95 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 487.00 598.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 516.47 598.25 Td (shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 61.94 586.25 Td (others ) Tj ET Q q 0 0 0 rg BT 88.88 586.25 Td (under ) Tj ET Q q 0 0 0 rg BT 114.15 586.25 Td (Section 16 ) Tj ET Q q 0 0 0 rg BT 159.14 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.97 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.69 586.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 226.06 586.25 Td (Act.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.00 586.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 564.25 Td (Y) Tj ET Q q 0 0 0 rg BT 51.22 564.25 Td (ou ) Tj ET Q q 0 0 0 rg BT 63.24 564.25 Td (can ) Tj ET Q q 0 0 0 rg BT 79.14 564.25 Td (access ) Tj ET Q q 0 0 0 rg BT 106.70 564.25 Td (information ) Tj ET Q q 0 0 0 rg BT 155.93 564.25 Td (about ) Tj ET Q q 0 0 0 rg BT 180.17 564.25 Td (our ) Tj ET Q q 0 0 0 rg BT 195.52 564.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 235.30 564.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 283.40 564.25 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 292.64 564.25 Td (www) Tj ET Q q 0 0 0 rg BT 311.91 564.25 Td (.mor) Tj ET Q q 0 0 0 rg BT 330.15 564.25 Td (ganstanley) Tj ET Q q 0 0 0 rg BT 372.92 564.25 Td (.com/about-us-governance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.86 564.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.32 564.25 Td (our ) Tj ET Q q 0 0 0 rg BT 513.67 564.25 Td (sustainability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 552.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 86.94 552.25 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 96.66 552.25 Td (www) Tj ET Q q 0 0 0 rg BT 115.92 552.25 Td (.mor) Tj ET Q q 0 0 0 rg BT 134.17 552.25 Td (ganstanley) Tj ET Q q 0 0 0 rg BT 176.94 552.25 Td (.com/about-us/sustainability-at-mor) Tj ET Q q 0 0 0 rg BT 320.73 552.25 Td (gan-stanley) Tj ET Q q 0 0 0 rg BT 366.83 552.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.33 552.25 Td ( ) Tj ET Q q 0 0 0 rg BT 371.83 552.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 389.88 552.25 Td (webpages ) Tj ET Q q 0 0 0 rg BT 431.81 552.25 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.02 552.25 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 45.00 542.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 530.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 530.65 Td (Amended ) Tj ET Q q 0 0 0 rg BT 126.88 530.65 Td (and ) Tj ET Q q 0 0 0 rg BT 143.82 530.65 Td (Restated ) Tj ET Q q 0 0 0 rg BT 180.75 530.65 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 225.45 530.65 Td (of ) Tj ET Q q 0 0 0 rg BT 236.28 530.65 Td (Incorporation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.48 530.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 515.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 515.65 Td (Amended ) Tj ET Q q 0 0 0 rg BT 126.88 515.65 Td (and ) Tj ET Q q 0 0 0 rg BT 143.82 515.65 Td (Restated ) Tj ET Q q 0 0 0 rg BT 180.75 515.65 Td (Bylaws;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.53 515.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 500.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 500.65 Td (Charters ) Tj ET Q q 0 0 0 rg BT 122.44 500.65 Td (for ) Tj ET Q q 0 0 0 rg BT 137.16 500.65 Td (our ) Tj ET Q q 0 0 0 rg BT 152.87 500.65 Td (Audit ) Tj ET Q q 0 0 0 rg BT 178.71 500.65 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 228.71 500.65 Td (Compensation, ) Tj ET Q q 0 0 0 rg BT 292.04 500.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 347.31 500.65 Td (Development ) Tj ET Q q 0 0 0 rg BT 404.24 500.65 Td (and ) Tj ET Q q 0 0 0 rg BT 421.74 500.65 Td (Succession ) Tj ET Q q 0 0 0 rg BT 469.24 500.65 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 519.24 500.65 Td (Nominating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.65 Td (and ) Tj ET Q q 0 0 0 rg BT 102.44 488.65 Td (Governance ) Tj ET Q q 0 0 0 rg BT 153.24 488.65 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 202.68 488.65 Td (Operations ) Tj ET Q q 0 0 0 rg BT 249.06 488.65 Td (and ) Tj ET Q q 0 0 0 rg BT 265.82 488.65 Td (T) Tj ET Q q 0 0 0 rg BT 271.23 488.65 Td (echnology ) Tj ET Q q 0 0 0 rg BT 315.38 488.65 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 364.82 488.65 Td (and ) Tj ET Q q 0 0 0 rg BT 381.76 488.65 Td (Risk ) Tj ET Q q 0 0 0 rg BT 402.60 488.65 Td (Committee;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.82 488.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 473.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 473.65 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 127.99 473.65 Td (Governance ) Tj ET Q q 0 0 0 rg BT 178.79 473.65 Td (Policies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.23 473.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 458.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 458.65 Td (Policy ) Tj ET Q q 0 0 0 rg BT 113.56 458.65 Td (Regarding ) Tj ET Q q 0 0 0 rg BT 157.71 458.65 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 200.20 458.65 Td (Political ) Tj ET Q q 0 0 0 rg BT 235.48 458.65 Td (Activities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.14 458.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 443.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 443.65 Td (Policy ) Tj ET Q q 0 0 0 rg BT 113.56 443.65 Td (Regarding ) Tj ET Q q 0 0 0 rg BT 157.71 443.65 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 208.53 443.65 Td (Rights ) Tj ET Q q 0 0 0 rg BT 237.15 443.65 Td (Plan;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.70 443.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 428.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.65 Td (Equity ) Tj ET Q q 0 0 0 rg BT 114.67 428.65 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 161.05 428.65 Td (Commitment;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.60 428.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 413.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 413.65 Td (Code ) Tj ET Q q 0 0 0 rg BT 109.11 413.65 Td (of ) Tj ET Q q 0 0 0 rg BT 119.94 413.65 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 147.43 413.65 Td (and ) Tj ET Q q 0 0 0 rg BT 164.37 413.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 202.43 413.65 Td (Conduct;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.10 413.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 398.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 398.65 Td (Code ) Tj ET Q q 0 0 0 rg BT 109.11 398.65 Td (of ) Tj ET Q q 0 0 0 rg BT 119.94 398.65 Td (Conduct;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.60 398.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 383.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 383.65 Td (Integrity ) Tj ET Q q 0 0 0 rg BT 122.43 383.65 Td (Hotline ) Tj ET Q q 0 0 0 rg BT 154.93 383.65 Td (Information;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.47 383.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 368.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 368.65 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 147.43 368.65 Td (and ) Tj ET Q q 0 0 0 rg BT 164.37 368.65 Td (Social ) Tj ET Q q 0 0 0 rg BT 191.86 368.65 Td (Policies; ) Tj ET Q q 0 0 0 rg BT 228.81 368.65 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.24 368.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 353.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 353.65 Td (Sustainability ) Tj ET Q q 0 0 0 rg BT 143.00 353.65 Td (Report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.72 353.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 333.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.35 333.65 Td (Code ) Tj ET Q q 0 0 0 rg BT 87.26 333.65 Td (of ) Tj ET Q q 0 0 0 rg BT 98.39 333.65 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 126.19 333.65 Td (and ) Tj ET Q q 0 0 0 rg BT 143.43 333.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 181.79 333.65 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 218.47 333.65 Td (applies ) Tj ET Q q 0 0 0 rg BT 249.60 333.65 Td (to ) Tj ET Q q 0 0 0 rg BT 260.18 333.65 Td (all ) Tj ET Q q 0 0 0 rg BT 272.97 333.65 Td (directors, ) Tj ET Q q 0 0 0 rg BT 313.26 333.65 Td (of) Tj ET Q q 0 0 0 rg BT 321.41 333.65 Td (ficers ) Tj ET Q q 0 0 0 rg BT 346.42 333.65 Td (and ) Tj ET Q q 0 0 0 rg BT 363.65 333.65 Td (employees, ) Tj ET Q q 0 0 0 rg BT 411.72 333.65 Td (including ) Tj ET Q q 0 0 0 rg BT 452.29 333.65 Td (our ) Tj ET Q q 0 0 0 rg BT 468.42 333.65 Td (Chief ) Tj ET Q q 0 0 0 rg BT 493.44 333.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 536.22 333.65 Td (Of) Tj ET Q q 0 0 0 rg BT 546.59 333.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 564.51 333.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 321.65 Td (Chief ) Tj ET Q q 0 0 0 rg BT 68.79 321.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 107.58 321.65 Td (Of) Tj ET Q q 0 0 0 rg BT 117.95 321.65 Td (ficer ) Tj ET Q q 0 0 0 rg BT 137.84 321.65 Td (and ) Tj ET Q q 0 0 0 rg BT 153.85 321.65 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 184.86 321.65 Td (Chief ) Tj ET Q q 0 0 0 rg BT 208.65 321.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 247.44 321.65 Td (Of) Tj ET Q q 0 0 0 rg BT 257.81 321.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 275.57 321.65 Td (. ) Tj ET Q q 0 0 0 rg BT 279.53 321.65 Td (W) Tj ET Q q 0 0 0 rg BT 288.17 321.65 Td (e ) Tj ET Q q 0 0 0 rg BT 294.18 321.65 Td (will ) Tj ET Q q 0 0 0 rg BT 311.31 321.65 Td (post ) Tj ET Q q 0 0 0 rg BT 329.56 321.65 Td (any ) Tj ET Q q 0 0 0 rg BT 345.57 321.65 Td (amendments ) Tj ET Q q 0 0 0 rg BT 397.68 321.65 Td (to ) Tj ET Q q 0 0 0 rg BT 407.04 321.65 Td (the ) Tj ET Q q 0 0 0 rg BT 420.83 321.65 Td (Code ) Tj ET Q q 0 0 0 rg BT 443.51 321.65 Td (of ) Tj ET Q q 0 0 0 rg BT 453.41 321.65 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 479.98 321.65 Td (and ) Tj ET Q q 0 0 0 rg BT 495.99 321.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 533.13 321.65 Td (Conduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 309.65 Td (and ) Tj ET Q q 0 0 0 rg BT 62.15 309.65 Td (any ) Tj ET Q q 0 0 0 rg BT 79.31 309.65 Td (waivers ) Tj ET Q q 0 0 0 rg BT 113.12 309.65 Td (that ) Tj ET Q q 0 0 0 rg BT 130.84 309.65 Td (are ) Tj ET Q q 0 0 0 rg BT 145.76 309.65 Td (required ) Tj ET Q q 0 0 0 rg BT 181.79 309.65 Td (to ) Tj ET Q q 0 0 0 rg BT 192.29 309.65 Td (be ) Tj ET Q q 0 0 0 rg BT 204.44 309.65 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 244.37 309.65 Td (by ) Tj ET Q q 0 0 0 rg BT 257.09 309.65 Td (the ) Tj ET Q q 0 0 0 rg BT 272.02 309.65 Td (rules ) Tj ET Q q 0 0 0 rg BT 294.18 309.65 Td (of ) Tj ET Q q 0 0 0 rg BT 305.22 309.65 Td (either ) Tj ET Q q 0 0 0 rg BT 330.70 309.65 Td (the ) Tj ET Q q 0 0 0 rg BT 345.64 309.65 Td (SEC ) Tj ET Q q 0 0 0 rg BT 366.69 309.65 Td (or ) Tj ET Q q 0 0 0 rg BT 377.74 309.65 Td (the ) Tj ET Q q 0 0 0 rg BT 392.67 309.65 Td (New ) Tj ET Q q 0 0 0 rg BT 413.87 309.65 Td (Y) Tj ET Q q 0 0 0 rg BT 420.09 309.65 Td (ork ) Tj ET Q q 0 0 0 rg BT 436.13 309.65 Td (Stock ) Tj ET Q q 0 0 0 rg BT 461.63 309.65 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 503.77 309.65 Td (LLC ) Tj ET Q q 0 0 0 rg BT 525.37 309.65 Td (\(“NYSE”\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 297.65 Td (on ) Tj ET Q q 0 0 0 rg BT 58.92 297.65 Td (our ) Tj ET Q q 0 0 0 rg BT 76.18 297.65 Td (website. ) Tj ET Q q 0 0 0 rg BT 112.56 297.65 Td (Y) Tj ET Q q 0 0 0 rg BT 118.78 297.65 Td (ou ) Tj ET Q q 0 0 0 rg BT 132.71 297.65 Td (can ) Tj ET Q q 0 0 0 rg BT 150.51 297.65 Td (request ) Tj ET Q q 0 0 0 rg BT 183.31 297.65 Td (a ) Tj ET Q q 0 0 0 rg BT 191.67 297.65 Td (copy ) Tj ET Q q 0 0 0 rg BT 215.03 297.65 Td (of ) Tj ET Q q 0 0 0 rg BT 227.28 297.65 Td (these ) Tj ET Q q 0 0 0 rg BT 251.75 297.65 Td (documents, ) Tj ET Q q 0 0 0 rg BT 301.50 297.65 Td (excluding ) Tj ET Q q 0 0 0 rg BT 344.86 297.65 Td (exhibits, ) Tj ET Q q 0 0 0 rg BT 382.94 297.65 Td (at ) Tj ET Q q 0 0 0 rg BT 394.08 297.65 Td (no ) Tj ET Q q 0 0 0 rg BT 408.01 297.65 Td (cost, ) Tj ET Q q 0 0 0 rg BT 430.54 297.65 Td (by ) Tj ET Q q 0 0 0 rg BT 444.46 297.65 Td (contacting ) Tj ET Q q 0 0 0 rg BT 490.03 297.65 Td (Investor ) Tj ET Q q 0 0 0 rg BT 526.73 297.65 Td (Relations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 285.65 Td (1585 Broadway) Tj ET Q q 0 0 0 rg BT 107.95 285.65 Td (, ) Tj ET Q q 0 0 0 rg BT 113.25 285.65 Td (New ) Tj ET Q q 0 0 0 rg BT 134.51 285.65 Td (Y) Tj ET Q q 0 0 0 rg BT 140.73 285.65 Td (ork, ) Tj ET Q q 0 0 0 rg BT 159.36 285.65 Td (NY) Tj ET Q q 0 0 0 rg BT 173.43 285.65 Td ( ) Tj ET Q q 0 0 0 rg BT 176.23 285.65 Td (10036 ) Tj ET Q q 0 0 0 rg BT 204.02 285.65 Td (\(212-761-4000\). ) Tj ET Q q 0 0 0 rg BT 272.44 285.65 Td (The ) Tj ET Q q 0 0 0 rg BT 290.78 285.65 Td (information ) Tj ET Q q 0 0 0 rg BT 340.79 285.65 Td (on ) Tj ET Q q 0 0 0 rg BT 353.59 285.65 Td (our ) Tj ET Q q 0 0 0 rg BT 369.71 285.65 Td (website ) Tj ET Q q 0 0 0 rg BT 403.06 285.65 Td (is ) Tj ET Q q 0 0 0 rg BT 412.52 285.65 Td (not ) Tj ET Q q 0 0 0 rg BT 428.10 285.65 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 481.43 285.65 Td (by ) Tj ET Q q 0 0 0 rg BT 494.23 285.65 Td (reference ) Tj ET Q q 0 0 0 rg BT 534.21 285.65 Td (into ) Tj ET Q q 0 0 0 rg BT 552.56 285.65 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 273.65 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.38 273.65 Td ( ) Tj ET Q /GS0 gs q 96.00 0 0 14.00 468.50 747.52 cm /I15 Do Q endstream endobj 9 0 obj <>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 45.5 768.2333984375 m 116.4521484375 768.2333984375 l s q 0 0 1 rg BT 45.50 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 50.91 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 720.90 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 698.90 Td (In ) Tj ET Q q 0 0 0 rg BT 55.04 698.90 Td (addition ) Tj ET Q q 0 0 0 rg BT 89.53 698.90 Td (to ) Tj ET Q q 0 0 0 rg BT 99.02 698.90 Td (“Risk ) Tj ET Q q 0 0 0 rg BT 123.52 698.90 Td (Factors” ) Tj ET Q q 0 0 0 rg BT 159.11 698.90 Td (in ) Tj ET Q q 0 0 0 rg BT 168.60 698.90 Td (Part ) Tj ET Q q 0 0 0 rg BT 186.42 698.90 Td (I, ) Tj ET Q q 0 0 0 rg BT 193.96 698.90 Td (Item ) Tj ET Q q 0 0 0 rg BT 214.00 698.90 Td (1A) Tj ET Q q 0 0 0 rg BT 225.67 698.90 Td ( ) Tj ET Q q 0 0 0 rg BT 227.39 698.90 Td (of ) Tj ET Q q 0 0 0 rg BT 237.43 698.90 Td (the ) Tj ET Q q 0 0 0 rg BT 251.36 698.90 Td (2019 ) Tj ET Q q 0 0 0 rg BT 273.08 698.90 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 686.90 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 71.68 686.90 Td (please ) Tj ET Q q 0 0 0 rg BT 100.29 686.90 Td (refer ) Tj ET Q q 0 0 0 rg BT 122.78 686.90 Td (to ) Tj ET Q q 0 0 0 rg BT 134.18 686.90 Td (the ) Tj ET Q q 0 0 0 rg BT 150.02 686.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 168.65 686.90 Td (factor ) Tj ET Q q 0 0 0 rg BT 195.59 686.90 Td (under ) Tj ET Q q 0 0 0 rg BT 221.98 686.90 Td (Item ) Tj ET Q q 0 0 0 rg BT 243.93 686.90 Td (8.01. ) Tj ET Q q 0 0 0 rg BT 267.55 686.90 Td (“Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 674.90 Td (Matters,” ) Tj ET Q q 0 0 0 rg BT 84.36 674.90 Td (in ) Tj ET Q q 0 0 0 rg BT 94.01 674.90 Td (the ) Tj ET Q q 0 0 0 rg BT 108.11 674.90 Td (Current ) Tj ET Q q 0 0 0 rg BT 140.53 674.90 Td (Report ) Tj ET Q q 0 0 0 rg BT 169.62 674.90 Td (on ) Tj ET Q q 0 0 0 rg BT 181.49 674.90 Td (Form ) Tj ET Q q 0 0 0 rg BT 205.04 674.90 Td (8-K ) Tj ET Q q 0 0 0 rg BT 222.47 674.90 Td (filed ) Tj ET Q q 0 0 0 rg BT 242.67 674.90 Td (with ) Tj ET Q q 0 0 0 rg BT 262.32 674.90 Td (the ) Tj ET Q q 0 0 0 rg BT 276.41 674.90 Td (SEC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 662.90 Td (on ) Tj ET Q q 0 0 0 rg BT 57.53 662.90 Td (April ) Tj ET Q q 0 0 0 rg BT 81.88 662.90 Td (16, ) Tj ET Q q 0 0 0 rg BT 97.63 662.90 Td (2020 ) Tj ET Q q 0 0 0 rg BT 120.88 662.90 Td (and ) Tj ET Q q 0 0 0 rg BT 138.56 662.90 Td (the ) Tj ET Q q 0 0 0 rg BT 154.02 662.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 197.26 662.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 215.51 662.90 Td (factors ) Tj ET Q q 0 0 0 rg BT 245.96 662.90 Td (under ) Tj ET Q q 0 0 0 rg BT 271.97 662.90 Td (“Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 650.90 Td (Factors” ) Tj ET Q q 0 0 0 rg BT 81.69 650.90 Td (in ) Tj ET Q q 0 0 0 rg BT 92.29 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 107.32 650.90 Td (Registration ) Tj ET Q q 0 0 0 rg BT 159.02 650.90 Td (Statement ) Tj ET Q q 0 0 0 rg BT 201.83 650.90 Td (on ) Tj ET Q q 0 0 0 rg BT 214.64 650.90 Td (Form ) Tj ET Q q 0 0 0 rg BT 239.13 650.90 Td (S-4 ) Tj ET Q q 0 0 0 rg BT 255.84 650.90 Td (filed ) Tj ET Q q 0 0 0 rg BT 276.98 650.90 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 638.90 Td (the ) Tj ET Q q 0 0 0 rg BT 59.72 638.90 Td (SEC ) Tj ET Q q 0 0 0 rg BT 80.56 638.90 Td (on ) Tj ET Q q 0 0 0 rg BT 92.50 638.90 Td (April ) Tj ET Q q 0 0 0 rg BT 116.11 638.90 Td (17, ) Tj ET Q q 0 0 0 rg BT 131.11 638.90 Td (2020.) Tj ET Q /GS0 gs q 96.00 0 0 14.00 468.50 747.52 cm /I16 Do Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 45.5 768.2333984375 m 116.4521484375 768.2333984375 l s q 0 0 1 rg BT 45.50 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 50.91 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.00 38.46 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 720.90 Td (Management’) Tj ET Q q 0 0 0 rg BT 115.87 720.90 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 202.24 720.90 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q /GS0 gs q 96.00 0 0 14.00 468.50 747.52 cm /I17 Do Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 696.50 Td (Intr) Tj ET Q q 0 0 0 rg BT 65.45 696.50 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 674.50 Td (Mor) Tj ET Q q 0 0 0 rg BT 62.04 674.50 Td (gan ) Tj ET Q q 0 0 0 rg BT 78.02 674.50 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 109.56 674.50 Td (is ) Tj ET Q q 0 0 0 rg BT 117.78 674.50 Td (a ) Tj ET Q q 0 0 0 rg BT 123.76 674.50 Td (global ) Tj ET Q q 0 0 0 rg BT 150.30 674.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 186.83 674.50 Td (services ) Tj ET Q q 0 0 0 rg BT 220.58 674.50 Td (firm ) Tj ET Q q 0 0 0 rg BT 239.34 674.50 Td (that ) Tj ET Q q 0 0 0 rg BT 255.88 674.50 Td (maintains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 662.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 89.55 662.50 Td (market ) Tj ET Q q 0 0 0 rg BT 119.65 662.50 Td (positions ) Tj ET Q q 0 0 0 rg BT 158.10 662.50 Td (in ) Tj ET Q q 0 0 0 rg BT 168.21 662.50 Td (each ) Tj ET Q q 0 0 0 rg BT 188.86 662.50 Td (of ) Tj ET Q q 0 0 0 rg BT 199.53 662.50 Td (its ) Tj ET Q q 0 0 0 rg BT 211.31 662.50 Td (business ) Tj ET Q q 0 0 0 rg BT 247.54 662.50 Td (segments—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 650.50 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 97.46 650.50 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 143.22 650.50 Td (W) Tj ET Q q 0 0 0 rg BT 151.86 650.50 Td (ealth ) Tj ET Q q 0 0 0 rg BT 175.42 650.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 231.75 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 250.32 650.50 Td (Investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 638.50 Td (Management. ) Tj ET Q q 0 0 0 rg BT 104.62 638.50 Td (Mor) Tj ET Q q 0 0 0 rg BT 121.66 638.50 Td (gan ) Tj ET Q q 0 0 0 rg BT 141.02 638.50 Td (Stanley) Tj ET Q q 0 0 0 rg BT 170.36 638.50 Td (, ) Tj ET Q q 0 0 0 rg BT 177.78 638.50 Td (through ) Tj ET Q q 0 0 0 rg BT 213.81 638.50 Td (its ) Tj ET Q q 0 0 0 rg BT 228.18 638.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 280.31 638.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 626.50 Td (af) Tj ET Q q 0 0 0 rg BT 52.59 626.50 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 84.77 626.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 121.69 626.50 Td (a ) Tj ET Q q 0 0 0 rg BT 128.60 626.50 Td (wide ) Tj ET Q q 0 0 0 rg BT 150.51 626.50 Td (variety ) Tj ET Q q 0 0 0 rg BT 180.75 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 191.56 626.50 Td (products ) Tj ET Q q 0 0 0 rg BT 228.47 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 245.38 626.50 Td (services ) Tj ET Q q 0 0 0 rg BT 280.06 626.50 Td (to ) Tj ET Q q 0 0 0 rg BT 290.32 626.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 614.50 Td (lar) Tj ET Q q 0 0 0 rg BT 55.37 614.50 Td (ge ) Tj ET Q q 0 0 0 rg BT 67.27 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 84.17 614.50 Td (diversified ) Tj ET Q q 0 0 0 rg BT 129.40 614.50 Td (group ) Tj ET Q q 0 0 0 rg BT 155.20 614.50 Td (of ) Tj ET Q q 0 0 0 rg BT 166.00 614.50 Td (clients ) Tj ET Q q 0 0 0 rg BT 194.57 614.50 Td (and ) Tj ET Q q 0 0 0 rg BT 211.47 614.50 Td (customers, ) Tj ET Q q 0 0 0 rg BT 256.98 614.50 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 602.50 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 109.79 602.50 Td (governments, ) Tj ET Q q 0 0 0 rg BT 176.26 602.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 223.55 602.50 Td (institutions ) Tj ET Q q 0 0 0 rg BT 280.31 602.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 590.50 Td (individuals. ) Tj ET Q q 0 0 0 rg BT 95.65 590.50 Td (Unless ) Tj ET Q q 0 0 0 rg BT 126.57 590.50 Td (the ) Tj ET Q q 0 0 0 rg BT 142.49 590.50 Td (context ) Tj ET Q q 0 0 0 rg BT 175.63 590.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 218.21 590.50 Td (requires, ) Tj ET Q q 0 0 0 rg BT 256.62 590.50 Td (the ) Tj ET Q q 0 0 0 rg BT 272.53 590.50 Td (terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 578.50 Td (“Mor) Tj ET Q q 0 0 0 rg BT 66.48 578.50 Td (gan ) Tj ET Q q 0 0 0 rg BT 83.70 578.50 Td (Stanley) Tj ET Q q 0 0 0 rg BT 113.04 578.50 Td (,” ) Tj ET Q q 0 0 0 rg BT 122.76 578.50 Td (“Firm,” ) Tj ET Q q 0 0 0 rg BT 156.37 578.50 Td (“us,” ) Tj ET Q q 0 0 0 rg BT 179.42 578.50 Td (“we” ) Tj ET Q q 0 0 0 rg BT 202.74 578.50 Td (or ) Tj ET Q q 0 0 0 rg BT 213.85 578.50 Td (“our” ) Tj ET Q q 0 0 0 rg BT 238.84 578.50 Td (mean ) Tj ET Q q 0 0 0 rg BT 263.27 578.50 Td (Mor) Tj ET Q q 0 0 0 rg BT 280.31 578.50 Td (gan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 566.50 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 77.43 566.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 95.41 566.50 Td (“Parent ) Tj ET Q q 0 0 0 rg BT 127.83 566.50 Td (Company”\) ) Tj ET Q q 0 0 0 rg BT 176.92 566.50 Td (together ) Tj ET Q q 0 0 0 rg BT 212.12 566.50 Td (with ) Tj ET Q q 0 0 0 rg BT 232.33 566.50 Td (its ) Tj ET Q q 0 0 0 rg BT 244.21 566.50 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 554.50 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 101.72 554.50 Td (See ) Tj ET Q q 0 0 0 rg BT 123.17 554.50 Td (the ) Tj ET Q q 0 0 0 rg BT 142.39 554.50 Td (“Glossary ) Tj ET Q q 0 0 0 rg BT 189.39 554.50 Td (of ) Tj ET Q q 0 0 0 rg BT 204.73 554.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 248.46 554.50 Td (T) Tj ET Q q 0 0 0 rg BT 253.87 554.50 Td (erms ) Tj ET Q q 0 0 0 rg BT 280.31 554.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 542.50 Td (Acronyms” ) Tj ET Q q 0 0 0 rg BT 92.38 542.50 Td (for ) Tj ET Q q 0 0 0 rg BT 105.32 542.50 Td (the ) Tj ET Q q 0 0 0 rg BT 118.81 542.50 Td (definition ) Tj ET Q q 0 0 0 rg BT 158.97 542.50 Td (of ) Tj ET Q q 0 0 0 rg BT 168.58 542.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 197.06 542.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 220.55 542.50 Td (and ) Tj ET Q q 0 0 0 rg BT 236.27 542.50 Td (acronyms ) Tj ET Q q 0 0 0 rg BT 276.43 542.50 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 530.50 Td (throughout ) Tj ET Q q 0 0 0 rg BT 91.39 530.50 Td (this) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 530.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 530.50 Td (Form ) Tj ET Q q 0 0 0 rg BT 132.50 530.50 Td (10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.06 530.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 508.50 Td (A) Tj ET Q q 0 0 0 rg BT 51.67 508.50 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 508.50 Td (description ) Tj ET Q q 0 0 0 rg BT 100.75 508.50 Td (of ) Tj ET Q q 0 0 0 rg BT 111.41 508.50 Td (the ) Tj ET Q q 0 0 0 rg BT 125.95 508.50 Td (clients ) Tj ET Q q 0 0 0 rg BT 154.38 508.50 Td (and ) Tj ET Q q 0 0 0 rg BT 171.15 508.50 Td (principal ) Tj ET Q q 0 0 0 rg BT 209.01 508.50 Td (products ) Tj ET Q q 0 0 0 rg BT 245.78 508.50 Td (and ) Tj ET Q q 0 0 0 rg BT 262.54 508.50 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 496.50 Td (of ) Tj ET Q q 0 0 0 rg BT 55.83 496.50 Td (each ) Tj ET Q q 0 0 0 rg BT 76.65 496.50 Td (of ) Tj ET Q q 0 0 0 rg BT 87.48 496.50 Td (our ) Tj ET Q q 0 0 0 rg BT 103.31 496.50 Td (business ) Tj ET Q q 0 0 0 rg BT 139.70 496.50 Td (segments ) Tj ET Q q 0 0 0 rg BT 179.41 496.50 Td (is ) Tj ET Q q 0 0 0 rg BT 188.58 496.50 Td (as ) Tj ET Q q 0 0 0 rg BT 199.41 496.50 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 54.00 474.50 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 106.88 474.50 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.31 474.50 Td ( ) Tj ET Q q 0 0 0 rg BT 150.30 474.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 188.73 474.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 236.60 474.50 Td (banking, ) Tj ET Q q 0 0 0 rg BT 275.31 474.50 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 462.50 Td (and ) Tj ET Q q 0 0 0 rg BT 73.87 462.50 Td (trading, ) Tj ET Q q 0 0 0 rg BT 110.13 462.50 Td (lending ) Tj ET Q q 0 0 0 rg BT 145.56 462.50 Td (and ) Tj ET Q q 0 0 0 rg BT 165.43 462.50 Td (other ) Tj ET Q q 0 0 0 rg BT 191.41 462.50 Td (services ) Tj ET Q q 0 0 0 rg BT 229.05 462.50 Td (to ) Tj ET Q q 0 0 0 rg BT 242.26 462.50 Td (corporations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 450.50 Td (governments, ) Tj ET Q q 0 0 0 rg BT 110.37 450.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 147.57 450.50 Td (institutions ) Tj ET Q q 0 0 0 rg BT 194.24 450.50 Td (and ) Tj ET Q q 0 0 0 rg BT 210.89 450.50 Td (high ) Tj ET Q q 0 0 0 rg BT 230.89 450.50 Td (to ) Tj ET Q q 0 0 0 rg BT 240.88 450.50 Td (ultra-high ) Tj ET Q q 0 0 0 rg BT 282.54 450.50 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 438.50 Td (worth ) Tj ET Q q 0 0 0 rg BT 79.79 438.50 Td (clients. ) Tj ET Q q 0 0 0 rg BT 110.85 438.50 Td (Investment ) Tj ET Q q 0 0 0 rg BT 157.74 438.50 Td (banking ) Tj ET Q q 0 0 0 rg BT 192.41 438.50 Td (services ) Tj ET Q q 0 0 0 rg BT 227.08 438.50 Td (consist ) Tj ET Q q 0 0 0 rg BT 257.31 438.50 Td (of ) Tj ET Q q 0 0 0 rg BT 268.10 438.50 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 426.50 Td (raising ) Tj ET Q q 0 0 0 rg BT 85.38 426.50 Td (and ) Tj ET Q q 0 0 0 rg BT 103.98 426.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.13 426.50 Td (advisory ) Tj ET Q q 0 0 0 rg BT 181.73 426.50 Td (services, ) Tj ET Q q 0 0 0 rg BT 220.60 426.50 Td (including ) Tj ET Q q 0 0 0 rg BT 262.54 426.50 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 414.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 90.86 414.50 Td (to ) Tj ET Q q 0 0 0 rg BT 104.95 414.50 Td (the ) Tj ET Q q 0 0 0 rg BT 123.49 414.50 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 181.46 414.50 Td (of ) Tj ET Q q 0 0 0 rg BT 196.10 414.50 Td (debt, ) Tj ET Q q 0 0 0 rg BT 222.14 414.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 253.45 414.50 Td (and ) Tj ET Q q 0 0 0 rg BT 274.20 414.50 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 402.50 Td (securities, ) Tj ET Q q 0 0 0 rg BT 98.49 402.50 Td (as ) Tj ET Q q 0 0 0 rg BT 111.04 402.50 Td (well ) Tj ET Q q 0 0 0 rg BT 132.48 402.50 Td (as ) Tj ET Q q 0 0 0 rg BT 145.03 402.50 Td (advice ) Tj ET Q q 0 0 0 rg BT 175.35 402.50 Td (on ) Tj ET Q q 0 0 0 rg BT 189.57 402.50 Td (mer) Tj ET Q q 0 0 0 rg BT 204.93 402.50 Td (gers ) Tj ET Q q 0 0 0 rg BT 225.82 402.50 Td (and ) Tj ET Q q 0 0 0 rg BT 244.48 402.50 Td (acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 390.50 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 116.61 390.50 Td (real ) Tj ET Q q 0 0 0 rg BT 136.71 390.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 164.60 390.50 Td (and ) Tj ET Q q 0 0 0 rg BT 184.16 390.50 Td (project ) Tj ET Q q 0 0 0 rg BT 217.04 390.50 Td (finance. ) Tj ET Q q 0 0 0 rg BT 254.08 390.50 Td (Sales ) Tj ET Q q 0 0 0 rg BT 280.31 390.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 378.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 83.87 378.50 Td (services ) Tj ET Q q 0 0 0 rg BT 117.63 378.50 Td (include ) Tj ET Q q 0 0 0 rg BT 148.61 378.50 Td (sales, ) Tj ET Q q 0 0 0 rg BT 172.10 378.50 Td (financing, ) Tj ET Q q 0 0 0 rg BT 213.91 378.50 Td (prime ) Tj ET Q q 0 0 0 rg BT 238.79 378.50 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 280.31 378.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 366.50 Td (market-making ) Tj ET Q q 0 0 0 rg BT 116.44 366.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 153.88 366.50 Td (in ) Tj ET Q q 0 0 0 rg BT 163.01 366.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 189.35 366.50 Td (and ) Tj ET Q q 0 0 0 rg BT 205.14 366.50 Td (fixed ) Tj ET Q q 0 0 0 rg BT 227.03 366.50 Td (income ) Tj ET Q q 0 0 0 rg BT 257.81 366.50 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 354.50 Td (including ) Tj ET Q q 0 0 0 rg BT 98.66 354.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 134.42 354.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 179.06 354.50 Td (and ) Tj ET Q q 0 0 0 rg BT 200.38 354.50 Td (commodities. ) Tj ET Q q 0 0 0 rg BT 261.42 354.50 Td (Lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 342.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 91.91 342.50 Td (include ) Tj ET Q q 0 0 0 rg BT 123.15 342.50 Td (originating ) Tj ET Q q 0 0 0 rg BT 168.83 342.50 Td (corporate ) Tj ET Q q 0 0 0 rg BT 208.39 342.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 231.31 342.50 Td (and ) Tj ET Q q 0 0 0 rg BT 247.55 342.50 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 330.50 Td (real ) Tj ET Q q 0 0 0 rg BT 73.07 330.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 99.92 330.50 Td (loans, ) Tj ET Q q 0 0 0 rg BT 127.62 330.50 Td (providing ) Tj ET Q q 0 0 0 rg BT 170.59 330.50 Td (secured ) Tj ET Q q 0 0 0 rg BT 205.21 330.50 Td (lending ) Tj ET Q q 0 0 0 rg BT 239.29 330.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 280.31 330.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 318.50 Td (extending ) Tj ET Q q 0 0 0 rg BT 97.40 318.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 139.13 318.50 Td (to ) Tj ET Q q 0 0 0 rg BT 150.87 318.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 174.28 318.50 Td (and ) Tj ET Q q 0 0 0 rg BT 192.68 318.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 224.97 318.50 Td (customers. ) Tj ET Q q 0 0 0 rg BT 271.98 318.50 Td (Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 306.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 99.40 306.50 Td (include ) Tj ET Q q 0 0 0 rg BT 136.08 306.50 Td (Asia ) Tj ET Q q 0 0 0 rg BT 163.70 306.50 Td (wealth ) Tj ET Q q 0 0 0 rg BT 199.66 306.50 Td (management ) Tj ET Q q 0 0 0 rg BT 260.04 306.50 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 294.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 104.27 294.50 Td (and ) Tj ET Q q 0 0 0 rg BT 121.21 294.50 Td (research.) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 54.00 272.50 Td (W) Tj ET Q q 0 0 0 rg BT 61.41 272.50 Td (ealth ) Tj ET Q q 0 0 0 rg BT 86.88 272.50 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.09 272.50 Td ( ) Tj ET Q q 0 0 0 rg BT 144.57 272.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 184.48 272.50 Td (a ) Tj ET Q q 0 0 0 rg BT 194.40 272.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 260.41 272.50 Td (array ) Tj ET Q q 0 0 0 rg BT 286.42 272.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 260.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.43 260.50 Td (services ) Tj ET Q q 0 0 0 rg BT 128.08 260.50 Td (and ) Tj ET Q q 0 0 0 rg BT 145.97 260.50 Td (solutions ) Tj ET Q q 0 0 0 rg BT 185.53 260.50 Td (to ) Tj ET Q q 0 0 0 rg BT 196.76 260.50 Td (individual ) Tj ET Q q 0 0 0 rg BT 240.76 260.50 Td (investors ) Tj ET Q q 0 0 0 rg BT 280.31 260.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 248.50 Td (small ) Tj ET Q q 0 0 0 rg BT 78.30 248.50 Td (to ) Tj ET Q q 0 0 0 rg BT 88.71 248.50 Td (medium-sized ) Tj ET Q q 0 0 0 rg BT 147.99 248.50 Td (businesses ) Tj ET Q q 0 0 0 rg BT 192.84 248.50 Td (and ) Tj ET Q q 0 0 0 rg BT 209.91 248.50 Td (institutions ) Tj ET Q q 0 0 0 rg BT 256.99 248.50 Td (covering: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 236.50 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 97.91 236.50 Td (and ) Tj ET Q q 0 0 0 rg BT 116.28 236.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 164.10 236.50 Td (advisory ) Tj ET Q q 0 0 0 rg BT 202.47 236.50 Td (services; ) Tj ET Q q 0 0 0 rg BT 241.40 236.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.31 236.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 224.50 Td (wealth ) Tj ET Q q 0 0 0 rg BT 82.83 224.50 Td (planning ) Tj ET Q q 0 0 0 rg BT 120.00 224.50 Td (services; ) Tj ET Q q 0 0 0 rg BT 157.15 224.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 180.44 224.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 199.83 224.50 Td (administration ) Tj ET Q q 0 0 0 rg BT 259.77 224.50 Td (services; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 212.50 Td (annuity ) Tj ET Q q 0 0 0 rg BT 88.88 212.50 Td (and ) Tj ET Q q 0 0 0 rg BT 108.20 212.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 151.40 212.50 Td (products; ) Tj ET Q q 0 0 0 rg BT 193.51 212.50 Td (securities-based ) Tj ET Q q 0 0 0 rg BT 262.25 212.50 Td (lending, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 200.50 Td (residential ) Tj ET Q q 0 0 0 rg BT 101.09 200.50 Td (real ) Tj ET Q q 0 0 0 rg BT 121.51 200.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 149.70 200.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 176.25 200.50 Td (and ) Tj ET Q q 0 0 0 rg BT 196.12 200.50 Td (other ) Tj ET Q q 0 0 0 rg BT 222.10 200.50 Td (lending ) Tj ET Q q 0 0 0 rg BT 257.53 200.50 Td (products; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 188.50 Td (banking; ) Tj ET Q q 0 0 0 rg BT 91.50 188.50 Td (and ) Tj ET Q q 0 0 0 rg BT 108.43 188.50 Td (retirement ) Tj ET Q q 0 0 0 rg BT 152.02 188.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 171.74 188.50 Td (services.) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 326.25 674.50 Td (Investment ) Tj ET Q q 0 0 0 rg BT 370.88 674.50 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.08 674.50 Td ( ) Tj ET Q q 0 0 0 rg BT 424.39 674.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 460.14 674.50 Td (a ) Tj ET Q q 0 0 0 rg BT 465.89 674.50 Td (broad ) Tj ET Q q 0 0 0 rg BT 489.97 674.50 Td (range ) Tj ET Q q 0 0 0 rg BT 513.49 674.50 Td (of ) Tj ET Q q 0 0 0 rg BT 523.13 674.50 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 662.50 Td (strategies ) Tj ET Q q 0 0 0 rg BT 366.91 662.50 Td (and ) Tj ET Q q 0 0 0 rg BT 384.24 662.50 Td (products ) Tj ET Q q 0 0 0 rg BT 421.57 662.50 Td (that ) Tj ET Q q 0 0 0 rg BT 439.46 662.50 Td (span ) Tj ET Q q 0 0 0 rg BT 460.69 662.50 Td (geographies, ) Tj ET Q q 0 0 0 rg BT 514.40 662.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 536.73 662.50 Td (classes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 343.55 650.50 Td (public ) Tj ET Q q 0 0 0 rg BT 371.40 650.50 Td (and ) Tj ET Q q 0 0 0 rg BT 388.70 650.50 Td (private ) Tj ET Q q 0 0 0 rg BT 419.33 650.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 453.84 650.50 Td (to ) Tj ET Q q 0 0 0 rg BT 464.48 650.50 Td (a ) Tj ET Q q 0 0 0 rg BT 471.78 650.50 Td (diverse ) Tj ET Q q 0 0 0 rg BT 503.52 650.50 Td (group ) Tj ET Q q 0 0 0 rg BT 529.71 650.50 Td (of ) Tj ET Q q 0 0 0 rg BT 540.90 650.50 Td (clients ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 638.50 Td (across ) Tj ET Q q 0 0 0 rg BT 353.09 638.50 Td (institutional ) Tj ET Q q 0 0 0 rg BT 402.72 638.50 Td (and ) Tj ET Q q 0 0 0 rg BT 419.01 638.50 Td (intermediary ) Tj ET Q q 0 0 0 rg BT 471.94 638.50 Td (channels. ) Tj ET Q q 0 0 0 rg BT 511.28 638.50 Td (Strategies ) Tj ET Q q 0 0 0 rg BT 552.56 638.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 626.50 Td (products, ) Tj ET Q q 0 0 0 rg BT 366.06 626.50 Td (which ) Tj ET Q q 0 0 0 rg BT 393.37 626.50 Td (are ) Tj ET Q q 0 0 0 rg BT 408.44 626.50 Td (of) Tj ET Q q 0 0 0 rg BT 416.59 626.50 Td (fered ) Tj ET Q q 0 0 0 rg BT 440.00 626.50 Td (through ) Tj ET Q q 0 0 0 rg BT 473.98 626.50 Td (a ) Tj ET Q q 0 0 0 rg BT 481.29 626.50 Td (variety ) Tj ET Q q 0 0 0 rg BT 511.92 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 523.12 626.50 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 614.50 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 369.58 614.50 Td (include ) Tj ET Q q 0 0 0 rg BT 407.08 614.50 Td (equity) Tj ET Q q 0 0 0 rg BT 431.42 614.50 Td (, ) Tj ET Q q 0 0 0 rg BT 441.99 614.50 Td (fixed ) Tj ET Q q 0 0 0 rg BT 470.60 614.50 Td (income, ) Tj ET Q q 0 0 0 rg BT 510.60 614.50 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 552.56 614.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 602.50 Td (alternative/other ) Tj ET Q q 0 0 0 rg BT 400.38 602.50 Td (products. ) Tj ET Q q 0 0 0 rg BT 445.92 602.50 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 502.86 602.50 Td (clients ) Tj ET Q q 0 0 0 rg BT 537.57 602.50 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 590.50 Td (defined ) Tj ET Q q 0 0 0 rg BT 363.24 590.50 Td (benefit/defined ) Tj ET Q q 0 0 0 rg BT 430.78 590.50 Td (contribution ) Tj ET Q q 0 0 0 rg BT 486.67 590.50 Td (plans, ) Tj ET Q q 0 0 0 rg BT 517.28 590.50 Td (foundations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 578.50 Td (endowments, ) Tj ET Q q 0 0 0 rg BT 382.96 578.50 Td (government ) Tj ET Q q 0 0 0 rg BT 434.38 578.50 Td (entities, ) Tj ET Q q 0 0 0 rg BT 469.43 578.50 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 511.96 578.50 Td (wealth ) Tj ET Q q 0 0 0 rg BT 542.28 578.50 Td (funds, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 566.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 373.89 566.50 Td (companies, ) Tj ET Q q 0 0 0 rg BT 428.48 566.50 Td (third-party ) Tj ET Q q 0 0 0 rg BT 480.57 566.50 Td (fund ) Tj ET Q q 0 0 0 rg BT 508.23 566.50 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 552.56 566.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 554.50 Td (corporations. ) Tj ET Q q 0 0 0 rg BT 381.14 554.50 Td (Individual ) Tj ET Q q 0 0 0 rg BT 424.65 554.50 Td (clients ) Tj ET Q q 0 0 0 rg BT 453.16 554.50 Td (are ) Tj ET Q q 0 0 0 rg BT 467.78 554.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 507.39 554.50 Td (served ) Tj ET Q q 0 0 0 rg BT 535.89 554.50 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 542.50 Td (intermediaries, ) Tj ET Q q 0 0 0 rg BT 395.62 542.50 Td (including ) Tj ET Q q 0 0 0 rg BT 443.07 542.50 Td (af) Tj ET Q q 0 0 0 rg BT 450.66 542.50 Td (filiated ) Tj ET Q q 0 0 0 rg BT 488.65 542.50 Td (and ) Tj ET Q q 0 0 0 rg BT 512.76 542.50 Td (non-af) Tj ET Q q 0 0 0 rg BT 538.68 542.50 Td (filiated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 530.50 Td (distributors.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 508.50 Td (Management’) Tj ET Q q 0 0 0 rg BT 372.23 508.50 Td (s ) Tj ET Q q 0 0 0 rg BT 377.44 508.50 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 422.64 508.50 Td (and ) Tj ET Q q 0 0 0 rg BT 438.10 508.50 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 474.42 508.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 509.05 508.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 537.57 508.50 Td (metrics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 496.50 Td (which ) Tj ET Q q 0 0 0 rg BT 343.34 496.50 Td (we ) Tj ET Q q 0 0 0 rg BT 356.65 496.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 387.17 496.50 Td (to ) Tj ET Q q 0 0 0 rg BT 396.60 496.50 Td (be ) Tj ET Q q 0 0 0 rg BT 407.68 496.50 Td (useful ) Tj ET Q q 0 0 0 rg BT 433.77 496.50 Td (to ) Tj ET Q q 0 0 0 rg BT 443.20 496.50 Td (us, ) Tj ET Q q 0 0 0 rg BT 456.24 496.50 Td (investors, ) Tj ET Q q 0 0 0 rg BT 496.50 496.50 Td (analysts ) Tj ET Q q 0 0 0 rg BT 530.37 496.50 Td (and ) Tj ET Q q 0 0 0 rg BT 546.45 496.50 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 484.50 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 371.54 484.50 Td (by ) Tj ET Q q 0 0 0 rg BT 385.84 484.50 Td (providing ) Tj ET Q q 0 0 0 rg BT 429.02 484.50 Td (further ) Tj ET Q q 0 0 0 rg BT 460.53 484.50 Td (transparency ) Tj ET Q q 0 0 0 rg BT 515.91 484.50 Td (about, ) Tj ET Q q 0 0 0 rg BT 544.93 484.50 Td (or ) Tj ET Q q 0 0 0 rg BT 557.56 484.50 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 472.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 362.33 472.50 Td (means ) Tj ET Q q 0 0 0 rg BT 392.97 472.50 Td (of ) Tj ET Q q 0 0 0 rg BT 406.39 472.50 Td (assessing, ) Tj ET Q q 0 0 0 rg BT 451.20 472.50 Td (our ) Tj ET Q q 0 0 0 rg BT 469.63 472.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 509.70 472.50 Td (condition ) Tj ET Q q 0 0 0 rg BT 552.56 472.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 460.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 356.69 460.50 Td (results. ) Tj ET Q q 0 0 0 rg BT 386.98 460.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 408.66 460.50 Td (metrics, ) Tj ET Q q 0 0 0 rg BT 442.27 460.50 Td (when ) Tj ET Q q 0 0 0 rg BT 465.61 460.50 Td (used, ) Tj ET Q q 0 0 0 rg BT 488.12 460.50 Td (are ) Tj ET Q q 0 0 0 rg BT 502.00 460.50 Td (defined ) Tj ET Q q 0 0 0 rg BT 533.67 460.50 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 460.50 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 448.50 Td (be ) Tj ET Q q 0 0 0 rg BT 330.51 448.50 Td (dif) Tj ET Q q 0 0 0 rg BT 341.44 448.50 Td (ferent ) Tj ET Q q 0 0 0 rg BT 368.58 448.50 Td (from ) Tj ET Q q 0 0 0 rg BT 391.85 448.50 Td (or ) Tj ET Q q 0 0 0 rg BT 404.00 448.50 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 455.60 448.50 Td (with ) Tj ET Q q 0 0 0 rg BT 477.21 448.50 Td (metrics ) Tj ET Q q 0 0 0 rg BT 510.47 448.50 Td (used ) Tj ET Q q 0 0 0 rg BT 532.63 448.50 Td (by ) Tj ET Q q 0 0 0 rg BT 546.45 448.50 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 436.50 Td (companies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 414.50 Td (The ) Tj ET Q q 0 0 0 rg BT 334.75 414.50 Td (results ) Tj ET Q q 0 0 0 rg BT 362.81 414.50 Td (of ) Tj ET Q q 0 0 0 rg BT 373.10 414.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 416.71 414.50 Td (in ) Tj ET Q q 0 0 0 rg BT 426.44 414.50 Td (the ) Tj ET Q q 0 0 0 rg BT 440.61 414.50 Td (past ) Tj ET Q q 0 0 0 rg BT 458.68 414.50 Td (have ) Tj ET Q q 0 0 0 rg BT 479.51 414.50 Td (been, ) Tj ET Q q 0 0 0 rg BT 502.84 414.50 Td (and ) Tj ET Q q 0 0 0 rg BT 519.23 414.50 Td (in ) Tj ET Q q 0 0 0 rg BT 528.97 414.50 Td (the ) Tj ET Q q 0 0 0 rg BT 543.14 414.50 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 402.50 Td (may ) Tj ET Q q 0 0 0 rg BT 337.91 402.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 375.78 402.50 Td (to ) Tj ET Q q 0 0 0 rg BT 387.00 402.50 Td (be, ) Tj ET Q q 0 0 0 rg BT 402.37 402.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 446.35 402.50 Td (af) Tj ET Q q 0 0 0 rg BT 453.94 402.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 481.80 402.50 Td (by: ) Tj ET Q q 0 0 0 rg BT 498.02 402.50 Td (competition; ) Tj ET Q q 0 0 0 rg BT 552.00 402.50 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 390.50 Td (factors; ) Tj ET Q q 0 0 0 rg BT 351.98 390.50 Td (legislative, ) Tj ET Q q 0 0 0 rg BT 400.31 390.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 424.49 390.50 Td (and ) Tj ET Q q 0 0 0 rg BT 443.67 390.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 489.50 390.50 Td (developments; ) Tj ET Q q 0 0 0 rg BT 552.56 390.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 378.50 Td (other ) Tj ET Q q 0 0 0 rg BT 339.71 378.50 Td (factors. ) Tj ET Q q 0 0 0 rg BT 371.20 378.50 Td (These ) Tj ET Q q 0 0 0 rg BT 396.99 378.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 426.12 378.50 Td (also ) Tj ET Q q 0 0 0 rg BT 444.14 378.50 Td (may ) Tj ET Q q 0 0 0 rg BT 463.27 378.50 Td (have ) Tj ET Q q 0 0 0 rg BT 484.07 378.50 Td (an ) Tj ET Q q 0 0 0 rg BT 495.42 378.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 527.88 378.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 557.00 378.50 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 366.50 Td (our ) Tj ET Q q 0 0 0 rg BT 332.86 366.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 360.68 366.50 Td (to ) Tj ET Q q 0 0 0 rg BT 370.74 366.50 Td (achieve ) Tj ET Q q 0 0 0 rg BT 403.54 366.50 Td (our ) Tj ET Q q 0 0 0 rg BT 419.15 366.50 Td (strategic ) Tj ET Q q 0 0 0 rg BT 455.30 366.50 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 500.11 366.50 Td (Additionally) Tj ET Q q 0 0 0 rg BT 550.01 366.50 Td (, ) Tj ET Q q 0 0 0 rg BT 554.79 366.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 354.50 Td (discussion ) Tj ET Q q 0 0 0 rg BT 363.76 354.50 Td (of ) Tj ET Q q 0 0 0 rg BT 376.92 354.50 Td (our ) Tj ET Q q 0 0 0 rg BT 395.09 354.50 Td (results ) Tj ET Q q 0 0 0 rg BT 426.03 354.50 Td (of ) Tj ET Q q 0 0 0 rg BT 439.20 354.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 485.69 354.50 Td (herein ) Tj ET Q q 0 0 0 rg BT 515.51 354.50 Td (may ) Tj ET Q q 0 0 0 rg BT 537.57 354.50 Td (contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 342.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 387.04 342.50 Td (statements. ) Tj ET Q q 0 0 0 rg BT 435.69 342.50 Td (These ) Tj ET Q q 0 0 0 rg BT 463.82 342.50 Td (statements, ) Tj ET Q q 0 0 0 rg BT 512.78 342.50 Td (which ) Tj ET Q q 0 0 0 rg BT 541.47 342.50 Td (reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 330.50 Td (management’) Tj ET Q q 0 0 0 rg BT 371.12 330.50 Td (s ) Tj ET Q q 0 0 0 rg BT 377.11 330.50 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 405.86 330.50 Td (and ) Tj ET Q q 0 0 0 rg BT 422.39 330.50 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 476.97 330.50 Td (are ) Tj ET Q q 0 0 0 rg BT 491.28 330.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 521.70 330.50 Td (to ) Tj ET Q q 0 0 0 rg BT 531.57 330.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 552.56 330.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 318.50 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 371.10 318.50 Td (that ) Tj ET Q q 0 0 0 rg BT 388.85 318.50 Td (may ) Tj ET Q q 0 0 0 rg BT 408.83 318.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 433.79 318.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 460.42 318.50 Td (results ) Tj ET Q q 0 0 0 rg BT 489.29 318.50 Td (to ) Tj ET Q q 0 0 0 rg BT 499.83 318.50 Td (dif) Tj ET Q q 0 0 0 rg BT 510.76 318.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 524.61 318.50 Td (materially) Tj ET Q q 0 0 0 rg BT 564.50 318.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 306.50 Td (For ) Tj ET Q q 0 0 0 rg BT 334.14 306.50 Td (a ) Tj ET Q q 0 0 0 rg BT 341.58 306.50 Td (discussion ) Tj ET Q q 0 0 0 rg BT 386.25 306.50 Td (of ) Tj ET Q q 0 0 0 rg BT 397.58 306.50 Td (the ) Tj ET Q q 0 0 0 rg BT 412.80 306.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 434.69 306.50 Td (and ) Tj ET Q q 0 0 0 rg BT 452.13 306.50 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 506.22 306.50 Td (that ) Tj ET Q q 0 0 0 rg BT 524.22 306.50 Td (may ) Tj ET Q q 0 0 0 rg BT 544.43 306.50 Td (af) Tj ET Q q 0 0 0 rg BT 552.02 306.50 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 294.50 Td (our ) Tj ET Q q 0 0 0 rg BT 339.54 294.50 Td (future ) Tj ET Q q 0 0 0 rg BT 372.38 294.50 Td (results, ) Tj ET Q q 0 0 0 rg BT 409.95 294.50 Td (see ) Tj ET Q q 0 0 0 rg BT 431.68 294.50 Td (“Forward-Looking ) Tj ET Q q 0 0 0 rg BT 516.18 294.50 Td (Statements,” ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 282.50 Td (“Business—Competition,” ) Tj ET Q q 0 0 0 rg BT 439.49 282.50 Td (“Business—Supervision ) Tj ET Q q 0 0 0 rg BT 552.56 282.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 270.50 Td (Regulation,” ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.26 270.50 Td (and ) Tj ET Q q 0 0 0 rg BT 388.88 270.50 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.32 270.50 Td (Risk ) Tj ET Q q 0 0 0 rg BT 414.85 270.50 Td (Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.29 270.50 Td (” ) Tj ET Q q 0 0 0 rg BT 451.91 270.50 Td (in ) Tj ET Q q 0 0 0 rg BT 462.88 270.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.28 270.50 Td (2019 ) Tj ET Q q 0 0 0 rg BT 501.47 270.50 Td (Form ) Tj ET Q q 0 0 0 rg BT 526.33 270.50 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.88 270.50 Td (, ) Tj ET Q q 0 0 0 rg BT 552.57 270.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 258.50 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.69 258.50 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 361.22 258.50 Td (and ) Tj ET Q q 0 0 0 rg BT 377.98 258.50 Td (Capital ) Tj ET Q q 0 0 0 rg BT 409.17 258.50 Td (Resources—Regulatory ) Tj ET Q q 0 0 0 rg BT 507.02 258.50 Td (Requirements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.56 258.50 Td (” ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 246.50 Td (herein. ) Tj ET Q q 0 0 0 rg BT 346.73 246.50 Td (In ) Tj ET Q q 0 0 0 rg BT 357.05 246.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 394.32 246.50 Td (see ) Tj ET Q q 0 0 0 rg BT 409.08 246.50 Td (“Executive ) Tj ET Q q 0 0 0 rg BT 455.49 246.50 Td (Summary” ) Tj ET Q q 0 0 0 rg BT 500.81 246.50 Td (herein ) Tj ET Q q 0 0 0 rg BT 527.79 246.50 Td (and ) Tj ET Q q 0 0 0 rg BT 544.22 246.50 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.66 246.50 Td (Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 234.50 Td (Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.69 234.50 Td (” ) Tj ET Q q 0 0 0 rg BT 355.55 234.50 Td (for ) Tj ET Q q 0 0 0 rg BT 371.63 234.50 Td (information ) Tj ET Q q 0 0 0 rg BT 423.26 234.50 Td (on ) Tj ET Q q 0 0 0 rg BT 437.69 234.50 Td (the ) Tj ET Q q 0 0 0 rg BT 454.33 234.50 Td (current ) Tj ET Q q 0 0 0 rg BT 487.06 234.50 Td (and ) Tj ET Q q 0 0 0 rg BT 505.92 234.50 Td (possible ) Tj ET Q q 0 0 0 rg BT 543.12 234.50 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 222.50 Td (ef) Tj ET Q q 0 0 0 rg BT 324.84 222.50 Td (fects ) Tj ET Q q 0 0 0 rg BT 346.21 222.50 Td (of ) Tj ET Q q 0 0 0 rg BT 357.04 222.50 Td (the ) Tj ET Q q 0 0 0 rg BT 371.76 222.50 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 419.26 222.50 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 460.63 222.50 Td (on ) Tj ET Q q 0 0 0 rg BT 473.13 222.50 Td (our ) Tj ET Q q 0 0 0 rg BT 488.96 222.50 Td (results.) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 720.90 Td (Executive Summary) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 698.90 Td (Overview ) Tj ET Q q 0 0 0 rg BT 88.59 698.90 Td (of ) Tj ET Q q 0 0 0 rg BT 99.42 698.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 141.93 698.90 Td (Results) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 676.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 101.40 676.90 Td (Results) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 656.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 61.06 656.70 Td (Revenues) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 45.00 648.30 Td (\($ in millions\)) Tj ET Q /GS0 gs q 242.00 0 0 146.00 45.00 497.30 cm /I18 Do Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 456.90 Td (Net Income ) Tj ET Q q 0 0 0 rg BT 92.86 456.90 Td (Applicable to Morgan Stanley) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 45.00 448.50 Td (\($ in millions\)) Tj ET Q /GS0 gs q 242.00 0 0 145.00 45.00 298.50 cm /I19 Do Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 258.10 Td (Earnings per Common Share) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 162.14 262.15 Td (1) Tj ET Q /GS0 gs q 241.00 0 0 144.00 45.00 99.10 cm /I20 Do Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 91.30 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 91.30 Td (For ) Tj ET Q q 0 0 0 rg BT 67.06 91.30 Td (further ) Tj ET Q q 0 0 0 rg BT 89.17 91.30 Td (information ) Tj ET Q q 0 0 0 rg BT 124.64 91.30 Td (on ) Tj ET Q q 0 0 0 rg BT 135.18 91.30 Td (basic ) Tj ET Q q 0 0 0 rg BT 153.67 91.30 Td (and ) Tj ET Q q 0 0 0 rg BT 167.83 91.30 Td (diluted ) Tj ET Q q 0 0 0 rg BT 190.30 91.30 Td (EPS, ) Tj ET Q q 0 0 0 rg BT 208.43 91.30 Td (see ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 222.22 91.30 Td (Note ) Tj ET Q q 0 0 0 rg BT 239.27 91.30 Td (16) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 246.50 91.30 Td ( ) Tj ET Q q 0 0 0 rg BT 249.81 91.30 Td (to ) Tj ET Q q 0 0 0 rg BT 258.55 91.30 Td (the ) Tj ET Q q 0 0 0 rg BT 270.90 91.30 Td (financial ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 83.50 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 710.10 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 710.10 Td (e ) Tj ET Q q 0 0 0 rg BT 332.13 710.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 367.24 710.10 Td (net ) Tj ET Q q 0 0 0 rg BT 381.26 710.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 418.59 710.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.72 710.10 Td ($9,487 ) Tj ET Q q 0 0 0 rg BT 458.02 710.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.91 710.10 Td ( in ) Tj ET Q q 0 0 0 rg BT 498.99 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.01 710.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 543.12 710.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 698.10 Td (March ) Tj ET Q q 0 0 0 rg BT 346.54 698.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 362.23 698.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.23 698.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.43 698.10 Td (\(“current ) Tj ET Q q 0 0 0 rg BT 424.70 698.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 452.62 698.10 Td (,” ) Tj ET Q q 0 0 0 rg BT 462.75 698.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.27 698.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.71 698.10 Td (1Q ) Tj ET Q q 0 0 0 rg BT 494.12 698.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.12 698.10 Td (”\), ) Tj ET Q q 0 0 0 rg BT 527.58 698.10 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 686.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.29 686.10 Td ($10,286 ) Tj ET Q q 0 0 0 rg BT 370.05 686.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.94 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.20 686.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.23 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.71 686.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 452.28 686.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.42 686.10 Td (March ) Tj ET Q q 0 0 0 rg BT 504.78 686.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 518.54 686.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.54 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.79 686.10 Td (\(“prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 674.10 Td (year ) Tj ET Q q 0 0 0 rg BT 336.05 674.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 363.97 674.10 Td (,” ) Tj ET Q q 0 0 0 rg BT 372.50 674.10 Td (or ) Tj ET Q q 0 0 0 rg BT 382.42 674.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.86 674.10 Td (1Q ) Tj ET Q q 0 0 0 rg BT 400.68 674.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.68 674.10 Td (”\). ) Tj ET Q q 0 0 0 rg BT 432.54 674.10 Td (For ) Tj ET Q q 0 0 0 rg BT 448.03 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.84 674.10 Td (current ) Tj ET Q q 0 0 0 rg BT 491.75 674.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 519.66 674.10 Td (, ) Tj ET Q q 0 0 0 rg BT 523.76 674.10 Td (net ) Tj ET Q q 0 0 0 rg BT 537.57 674.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 662.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 360.71 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.87 662.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 387.91 662.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 404.72 662.10 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 437.09 662.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.02 662.10 Td ($1,698 ) Tj ET Q q 0 0 0 rg BT 484.89 662.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.78 662.10 Td (, ) Tj ET Q q 0 0 0 rg BT 518.66 662.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.36 662.10 Td ($1.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.86 662.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.24 662.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 650.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 347.39 650.10 Td (common ) Tj ET Q q 0 0 0 rg BT 384.76 650.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 410.73 650.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 452.52 650.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.67 650.10 Td ($2,429 ) Tj ET Q q 0 0 0 rg BT 502.54 650.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.43 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 533.81 650.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.51 650.10 Td ($1.39) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 638.10 Td (per ) Tj ET Q q 0 0 0 rg BT 332.52 638.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 362.79 638.10 Td (common ) Tj ET Q q 0 0 0 rg BT 400.29 638.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 426.39 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.66 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.38 638.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 473.32 638.10 Td (year ) Tj ET Q q 0 0 0 rg BT 493.03 638.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 520.79 638.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 616.10 Td (See ) Tj ET Q q 0 0 0 rg BT 334.72 616.10 Td (“Coronavirus ) Tj ET Q q 0 0 0 rg BT 391.62 616.10 Td (Disease ) Tj ET Q q 0 0 0 rg BT 425.75 616.10 Td (\(COVID-19\) ) Tj ET Q q 0 0 0 rg BT 480.43 616.10 Td (Pandemic” ) Tj ET Q q 0 0 0 rg BT 527.33 616.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 555.34 616.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 604.10 Td (information ) Tj ET Q q 0 0 0 rg BT 368.23 604.10 Td (on ) Tj ET Q q 0 0 0 rg BT 382.00 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.98 604.10 Td (current ) Tj ET Q q 0 0 0 rg BT 430.06 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.27 604.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 484.81 604.10 Td (future ) Tj ET Q q 0 0 0 rg BT 512.45 604.10 Td (ef) Tj ET Q q 0 0 0 rg BT 520.04 604.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 542.69 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.78 604.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 592.10 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 364.75 592.10 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 406.12 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 418.62 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 434.45 592.10 Td (results.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 571.90 Td (Non-interest ) Tj ET Q q 0 0 0 rg BT 369.67 571.90 Td (Expenses) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 409.36 575.95 Td (1) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 317.25 563.50 Td (\($ in millions\)) Tj ET Q /GS0 gs q 250.00 0 0 159.00 317.25 399.50 cm /I21 Do Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 383.30 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 383.30 Td (The ) Tj ET Q q 0 0 0 rg BT 339.14 383.30 Td (percentages ) Tj ET Q q 0 0 0 rg BT 376.62 383.30 Td (on ) Tj ET Q q 0 0 0 rg BT 385.54 383.30 Td (the ) Tj ET Q q 0 0 0 rg BT 396.27 383.30 Td (bars ) Tj ET Q q 0 0 0 rg BT 410.61 383.30 Td (in ) Tj ET Q q 0 0 0 rg BT 417.36 383.30 Td (the ) Tj ET Q q 0 0 0 rg BT 428.09 383.30 Td (chart ) Tj ET Q q 0 0 0 rg BT 444.23 383.30 Td (represent ) Tj ET Q q 0 0 0 rg BT 473.39 383.30 Td (the ) Tj ET Q q 0 0 0 rg BT 484.12 383.30 Td (contribution ) Tj ET Q q 0 0 0 rg BT 519.42 383.30 Td (of ) Tj ET Q q 0 0 0 rg BT 526.53 383.30 Td (compensation ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 375.50 Td (and ) Tj ET Q q 0 0 0 rg BT 338.90 375.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 363.48 375.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 393.11 375.50 Td (and ) Tj ET Q q 0 0 0 rg BT 405.76 375.50 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 461.05 375.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 490.68 375.50 Td (to ) Tj ET Q q 0 0 0 rg BT 497.91 375.50 Td (the ) Tj ET Q q 0 0 0 rg BT 508.75 375.50 Td (total.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 522.84 375.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 353.50 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 353.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 386.03 353.50 Td (and ) Tj ET Q q 0 0 0 rg BT 402.48 353.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 436.15 353.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 474.25 353.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.59 353.50 Td ($4,283 ) Tj ET Q q 0 0 0 rg BT 514.10 353.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.99 353.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 353.50 Td (in ) Tj ET Q q 0 0 0 rg BT 554.79 353.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 341.50 Td (current ) Tj ET Q q 0 0 0 rg BT 356.36 341.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 386.46 341.50 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.88 341.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.67 341.50 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 341.50 Td ( ) Tj ET Q q 0 0 0 rg BT 442.79 341.50 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.02 341.50 Td ($4,651 ) Tj ET Q q 0 0 0 rg BT 493.31 341.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.20 341.50 Td ( ) Tj ET Q q 0 0 0 rg BT 523.99 341.50 Td (in ) Tj ET Q q 0 0 0 rg BT 533.56 341.50 Td (the ) Tj ET Q q 0 0 0 rg BT 547.57 341.50 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 329.50 Td (year ) Tj ET Q q 0 0 0 rg BT 345.95 329.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 373.71 329.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.53 329.50 Td (The ) Tj ET Q q 0 0 0 rg BT 396.57 329.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 433.47 329.50 Td (was ) Tj ET Q q 0 0 0 rg BT 451.52 329.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 491.22 329.50 Td (due ) Tj ET Q q 0 0 0 rg BT 508.15 329.50 Td (to ) Tj ET Q q 0 0 0 rg BT 518.42 329.50 Td (decreases ) Tj ET Q q 0 0 0 rg BT 559.22 329.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 317.50 Td (the ) Tj ET Q q 0 0 0 rg BT 343.99 317.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 363.39 317.50 Td (value ) Tj ET Q q 0 0 0 rg BT 390.56 317.50 Td (of ) Tj ET Q q 0 0 0 rg BT 404.42 317.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 457.71 317.50 Td (to ) Tj ET Q q 0 0 0 rg BT 471.01 317.50 Td (which ) Tj ET Q q 0 0 0 rg BT 500.97 317.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 533.69 317.50 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 305.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 389.74 305.50 Td (plans ) Tj ET Q q 0 0 0 rg BT 418.79 305.50 Td (are ) Tj ET Q q 0 0 0 rg BT 438.94 305.50 Td (referenced ) Tj ET Q q 0 0 0 rg BT 489.07 305.50 Td (and ) Tj ET Q q 0 0 0 rg BT 511.46 305.50 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 293.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 370.15 293.50 Td (with ) Tj ET Q q 0 0 0 rg BT 390.73 293.50 Td (carried ) Tj ET Q q 0 0 0 rg BT 421.29 293.50 Td (interest, ) Tj ET Q q 0 0 0 rg BT 456.03 293.50 Td (partially ) Tj ET Q q 0 0 0 rg BT 492.16 293.50 Td (of) Tj ET Q q 0 0 0 rg BT 500.31 293.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 517.55 293.50 Td (by ) Tj ET Q q 0 0 0 rg BT 530.35 293.50 Td (increases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 281.50 Td (in ) Tj ET Q q 0 0 0 rg BT 337.45 281.50 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 393.08 281.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 433.16 281.50 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 494.62 281.50 Td (and ) Tj ET Q q 0 0 0 rg BT 512.49 281.50 Td (the ) Tj ET Q q 0 0 0 rg BT 528.13 281.50 Td (formulaic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 269.50 Td (payout ) Tj ET Q q 0 0 0 rg BT 356.03 269.50 Td (to ) Tj ET Q q 0 0 0 rg BT 366.18 269.50 Td (W) Tj ET Q q 0 0 0 rg BT 374.82 269.50 Td (ealth ) Tj ET Q q 0 0 0 rg BT 396.82 269.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 451.58 269.50 Td (representatives ) Tj ET Q q 0 0 0 rg BT 514.12 269.50 Td (driven ) Tj ET Q q 0 0 0 rg BT 542.23 269.50 Td (by ) Tj ET Q q 0 0 0 rg BT 554.79 269.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 257.50 Td (mix ) Tj ET Q q 0 0 0 rg BT 344.31 257.50 Td (of ) Tj ET Q q 0 0 0 rg BT 355.14 257.50 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 235.50 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 235.50 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 404.56 235.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 442.88 235.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.43 235.50 Td ($3,058 ) Tj ET Q q 0 0 0 rg BT 483.15 235.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.04 235.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.26 235.50 Td (in ) Tj ET Q q 0 0 0 rg BT 524.25 235.50 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 235.50 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 223.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 357.22 223.50 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.97 223.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.63 223.50 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.96 223.50 Td ( ) Tj ET Q q 0 0 0 rg BT 418.61 223.50 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.70 223.50 Td ($2,680 ) Tj ET Q q 0 0 0 rg BT 470.86 223.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.75 223.50 Td ( ) Tj ET Q q 0 0 0 rg BT 502.40 223.50 Td (in ) Tj ET Q q 0 0 0 rg BT 512.83 223.50 Td (the ) Tj ET Q q 0 0 0 rg BT 527.71 223.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 549.80 223.50 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 211.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 354.01 211.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.83 211.50 Td (The ) Tj ET Q q 0 0 0 rg BT 378.95 211.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 415.28 211.50 Td (was ) Tj ET Q q 0 0 0 rg BT 434.40 211.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 475.19 211.50 Td (due ) Tj ET Q q 0 0 0 rg BT 493.20 211.50 Td (to ) Tj ET Q q 0 0 0 rg BT 504.56 211.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 533.68 211.50 Td (volume-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 199.50 Td (related ) Tj ET Q q 0 0 0 rg BT 356.63 199.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 395.91 199.50 Td (and ) Tj ET Q q 0 0 0 rg BT 413.53 199.50 Td (an ) Tj ET Q q 0 0 0 rg BT 426.15 199.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 462.08 199.50 Td (in ) Tj ET Q q 0 0 0 rg BT 473.04 199.50 Td (the ) Tj ET Q q 0 0 0 rg BT 488.44 199.50 Td (provision ) Tj ET Q q 0 0 0 rg BT 529.40 199.50 Td (for ) Tj ET Q q 0 0 0 rg BT 544.24 199.50 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 187.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 352.64 187.50 Td (for ) Tj ET Q q 0 0 0 rg BT 366.80 187.50 Td (lending ) Tj ET Q q 0 0 0 rg BT 399.30 187.50 Td (commitments.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.25 165.50 Td (Income ) Tj ET Q q 0 0 0 rg BT 351.23 165.50 Td (T) Tj ET Q q 0 0 0 rg BT 356.98 165.50 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 143.50 Td (The ) Tj ET Q q 0 0 0 rg BT 336.88 143.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 360.39 143.50 Td (year ) Tj ET Q q 0 0 0 rg BT 381.68 143.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 414.07 143.50 Td (included ) Tj ET Q q 0 0 0 rg BT 452.58 143.50 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 503.32 143.50 Td (net ) Tj ET Q q 0 0 0 rg BT 519.61 143.50 Td (discrete ) Tj ET Q q 0 0 0 rg BT 554.78 143.50 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 131.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 359.29 131.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 131.50 Td ($101 ) Tj ET Q q 0 0 0 rg BT 408.38 131.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.27 131.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 131.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 497.75 131.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 549.22 131.50 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 119.50 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 379.98 119.50 Td (of ) Tj ET Q q 0 0 0 rg BT 389.97 119.50 Td (reserves ) Tj ET Q q 0 0 0 rg BT 424.38 119.50 Td (and ) Tj ET Q q 0 0 0 rg BT 440.47 119.50 Td (related ) Tj ET Q q 0 0 0 rg BT 469.33 119.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 500.42 119.50 Td (as ) Tj ET Q q 0 0 0 rg BT 510.40 119.50 Td (a ) Tj ET Q q 0 0 0 rg BT 516.50 119.50 Td (result ) Tj ET Q q 0 0 0 rg BT 540.37 119.50 Td (of ) Tj ET Q q 0 0 0 rg BT 550.35 119.50 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 107.50 Td (information ) Tj ET Q q 0 0 0 rg BT 366.10 107.50 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 408.28 107.50 Td (to ) Tj ET Q q 0 0 0 rg BT 417.70 107.50 Td (the ) Tj ET Q q 0 0 0 rg BT 431.55 107.50 Td (resolution ) Tj ET Q q 0 0 0 rg BT 473.19 107.50 Td (of ) Tj ET Q q 0 0 0 rg BT 483.15 107.50 Td (multi-jurisdiction ) Tj ET Q q 0 0 0 rg BT 554.79 107.50 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 95.50 Td (examinations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.07 95.50 Td ( ) Tj ET Q q 0 0 0 rg BT 379.25 95.50 Td (For ) Tj ET Q q 0 0 0 rg BT 399.33 95.50 Td (further ) Tj ET Q q 0 0 0 rg BT 432.72 95.50 Td (information, ) Tj ET Q q 0 0 0 rg BT 488.62 95.50 Td (see ) Tj ET Q q 0 0 0 rg BT 507.57 95.50 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.01 95.50 Td (Supplemental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 83.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 356.96 83.50 Td (Information—Income ) Tj ET Q q 0 0 0 rg BT 447.03 83.50 Td (T) Tj ET Q q 0 0 0 rg BT 452.44 83.50 Td (ax ) Tj ET Q q 0 0 0 rg BT 464.38 83.50 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.93 83.50 Td (” ) Tj ET Q q 0 0 0 rg BT 501.86 83.50 Td (herein.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I22 Do Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.00 38.46 Td (4) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 722.85 Td (Selected Financial Information and Other Statistical Data) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 700.35 m 241.5 700.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 700.35 m 294.5 700.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 688.35 m 188.5 688.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 700.35 m 241.5 700.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 688.35 m 241.5 688.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 700.35 m 294.5 700.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 688.35 m 294.5 688.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 676.35 m 188.5 676.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 676.35 m 241.5 676.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 676.35 m 294.5 676.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 664.35 m 188.5 664.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 676.35 m 241.5 676.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 664.35 m 241.5 664.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 676.35 m 294.5 676.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 664.35 m 294.5 664.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 645.35 m 188.5 645.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 664.35 m 241.5 664.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 645.35 m 241.5 645.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 664.35 m 294.5 664.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 645.35 m 294.5 645.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 645.35 m 241.5 645.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 645.35 m 294.5 645.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 629.35 m 188.5 629.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 617.35 m 188.5 617.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 629.35 m 241.5 629.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 629.35 m 294.5 629.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 617.35 m 188.5 617.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 617.35 m 241.5 617.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 617.35 m 294.5 617.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 605.35 m 188.5 605.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 605.35 m 241.5 605.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 593.35 m 241.5 593.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 605.35 m 294.5 605.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 593.35 m 294.5 593.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 593.35 m 188.5 593.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 581.35 m 188.5 581.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 593.35 m 241.5 593.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 593.35 m 294.5 593.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 581.35 m 188.5 581.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 569.35 m 188.5 569.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 581.35 m 241.5 581.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 569.35 m 241.5 569.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 581.35 m 294.5 581.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 569.35 m 294.5 569.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 569.35 m 188.5 569.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 569.35 m 241.5 569.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 569.35 m 294.5 569.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 545.35 m 188.5 545.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 545.35 m 241.5 545.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 545.35 m 294.5 545.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 533.35 m 188.5 533.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 521.35 m 188.5 521.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 533.35 m 241.5 533.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 521.35 m 241.5 521.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 533.35 m 294.5 533.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 241.5 521.35 m 294.5 521.35 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 704.35 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 191.75 704.35 Td (Three Months Ended March 31,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 692.13 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 206.70 692.35 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 259.70 692.35 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 680.75 Td (Net income applicable to Morgan Stanley) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 680.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 217.20 680.35 Td (1,698) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 244.00 680.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.20 680.35 Td (2,429) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 668.75 Td (Preferred stock dividends) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.05 668.35 Td (108) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 279.95 668.35 Td (93) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 656.75 Td (Earnings applicable to Morgan Stanley) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 52.50 649.75 Td (common shareholders) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 649.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 217.20 649.35 Td (1,590) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 244.00 649.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.20 649.35 Td (2,336) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 633.35 Td (Expense ef) Tj ET Q q 0 0 0 rg BT 82.90 633.35 Td (ficiency ratio) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 121.80 636.69 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 221.10 633.35 Td (77.4) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 234.75 633.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 633.35 Td (71.3) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 633.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 621.35 Td (ROE) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 63.17 624.69 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 225.00 621.35 Td (8.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 234.75 621.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 621.35 Td (13.1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 621.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 609.35 Td (Adjusted ROE) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 92.35 612.69 Td (3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 225.00 609.35 Td (8.3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 234.75 609.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 609.35 Td (12.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 609.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 597.35 Td (ROTCE) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 72.50 600.69 Td (2,3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 225.00 597.35 Td (9.7) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 234.75 597.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 597.35 Td (14.9) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 597.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 585.35 Td (Adjusted ROTCE) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 101.69 588.69 Td (3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 225.00 585.35 Td (9.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 234.75 585.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 585.35 Td (14.2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 585.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 573.35 Td (Pretax margin) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 91.57 576.69 Td (4) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 221.10 573.35 Td (22.6) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 234.75 573.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 573.35 Td (28.7) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 573.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 561.35 Td (Pre-tax margin by segment) Tj ET Q BT /F7 7.00 Tf ET BT /F7 4.55 Tf ET q 0 0 0 rg BT 137.86 564.69 Td (4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 549.35 Td (Institutional Securities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 226.95 549.35 Td (19) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 234.75 549.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 279.95 549.35 Td (31) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 549.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 537.35 Td (W) Tj ET Q q 0 0 0 rg BT 54.54 537.35 Td (ealth Management) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 226.95 537.35 Td (26) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 234.75 537.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 279.95 537.35 Td (27) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 537.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 525.35 Td (Investment Management) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 226.95 525.35 Td (21) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 234.75 525.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 279.95 525.35 Td (22) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 525.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 485.35 m 188.5 485.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 485.35 m 243.5 485.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 485.35 m 294.5 485.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 473.35 m 294.5 473.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 473.35 m 188.5 473.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 473.35 m 243.5 473.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 461.35 m 188.5 461.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 461.35 m 243.5 461.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 461.35 m 294.5 461.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 449.35 m 188.5 449.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 449.35 m 243.5 449.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 449.35 m 294.5 449.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 437.35 m 188.5 437.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 437.35 m 243.5 437.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 437.35 m 294.5 437.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 425.35 m 188.5 425.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 425.35 m 243.5 425.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 425.35 m 294.5 425.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 413.35 m 188.5 413.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 413.35 m 243.5 413.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 413.35 m 294.5 413.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 401.35 m 188.5 401.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 401.35 m 243.5 401.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 389.35 m 243.5 389.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 401.35 m 294.5 401.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 389.35 m 188.5 389.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 389.35 m 243.5 389.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 377.35 m 243.5 377.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 389.35 m 294.5 389.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 377.35 m 188.5 377.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 365.35 m 188.5 365.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 377.35 m 243.5 377.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 365.35 m 243.5 365.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 377.35 m 294.5 377.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 365.35 m 294.5 365.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 353.35 m 188.5 353.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 365.35 m 243.5 365.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 353.35 m 243.5 353.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 353.35 m 294.5 353.35 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 489.13 Td (in millions, except per share and employee data) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 211.80 503.35 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 199.35 496.35 Td (March 31,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 207.70 489.35 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.15 503.35 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 496.35 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 260.70 489.35 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 477.35 Td (Liquidity resources) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 106.36 480.69 Td (5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 477.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.30 477.35 Td (255,134) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.00 477.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 477.35 Td (215,868) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 465.35 Td (Loans) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 67.07 468.69 Td (6) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 465.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.30 465.35 Td (148,697) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.00 465.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 465.35 Td (130,637) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 453.75 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 453.75 Td (otal assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 453.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.30 453.35 Td (947,795) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.00 453.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 453.35 Td (895,429) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 441.75 Td (Deposits) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 441.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.30 441.35 Td (235,239) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.00 441.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 441.35 Td (190,356) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 429.75 Td (Borrowings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 429.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.30 429.35 Td (194,856) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.00 429.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 429.35 Td (192,627) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 417.75 Td (Common shares outstanding) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.10 417.35 Td (1,576) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 417.35 Td (1,594) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 405.75 Td (Common shareholders' equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 405.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.20 405.35 Td (77,340) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.00 405.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.20 405.35 Td (73,029) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 393.35 Td (T) Tj ET Q q 0 0 0 rg BT 51.50 393.35 Td (angible common shareholders’) Tj ET Q q 0 0 0 rg BT 146.57 393.35 Td ( equity) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 167.19 396.69 Td (3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 393.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.20 393.35 Td (68,194) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.00 393.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.20 393.35 Td (63,780) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 381.35 Td (Book value per common share) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 142.94 384.69 Td (7) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 381.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.10 381.35 Td (49.09) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.00 381.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 381.35 Td (45.82) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 369.35 Td (T) Tj ET Q q 0 0 0 rg BT 51.50 369.35 Td (angible book value per common share) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 170.18 372.69 Td (3,7) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 191.00 369.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.10 369.35 Td (43.28) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.00 369.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 369.35 Td (40.01) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 357.75 Td (W) Tj ET Q q 0 0 0 rg BT 54.48 357.75 Td (orldwide employees) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.20 357.35 Td (60,670) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.20 357.35 Td (60,431) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 317.35 m 188.5 317.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 317.35 m 243.5 317.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 317.35 m 294.5 317.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 293.35 m 188.5 293.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 293.35 m 243.5 293.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 293.35 m 294.5 293.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 281.35 m 188.5 281.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 281.35 m 243.5 281.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 269.35 m 243.5 269.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 281.35 m 294.5 281.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 269.35 m 188.5 269.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 257.35 m 188.5 257.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 269.35 m 243.5 269.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 257.35 m 243.5 257.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 269.35 m 294.5 269.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 257.35 m 294.5 257.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 245.35000000000002 m 188.5 245.35000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188.5 245.35000000000002 m 243.5 245.35000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 245.35000000000002 m 294.5 245.35000000000002 l s BT /F7 7.00 Tf ET q 0 0 0 rg BT 211.80 335.35 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 199.35 328.35 Td (March 31,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 207.70 321.35 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.15 335.35 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 328.35 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 260.70 321.35 Td (2019) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 309.35 Td (Capital ratios) Tj ET Q BT /F7 7.00 Tf ET BT /F7 4.55 Tf ET q 0 0 0 rg BT 92.34 312.69 Td (8) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 297.35 Td (Common Equity ) Tj ET Q q 0 0 0 rg BT 99.68 297.35 Td (T) Tj ET Q q 0 0 0 rg BT 103.76 297.35 Td (ier 1 capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.10 297.35 Td (15.2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 236.75 297.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 297.35 Td (16.4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 297.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 285.35 Td (T) Tj ET Q q 0 0 0 rg BT 52.15 285.35 Td (ier 1 capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.10 285.35 Td (17.3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 236.75 285.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 285.35 Td (18.6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 285.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 273.35 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 273.35 Td (otal capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.10 273.35 Td (19.6) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 236.75 273.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 273.35 Td (21.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 273.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 261.35 Td (T) Tj ET Q q 0 0 0 rg BT 52.15 261.35 Td (ier 1 leverage) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 227.00 261.35 Td (8.1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 236.75 261.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 278.00 261.35 Td (8.3) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 261.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 249.35 Td (SLR) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 227.00 249.35 Td (6.2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 236.75 249.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 278.00 249.35 Td (6.4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 249.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 228.05 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 228.05 Td (The ) Tj ET Q q 0 0 0 rg BT 66.92 228.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 93.21 228.05 Td (ef) Tj ET Q q 0 0 0 rg BT 98.52 228.05 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 121.91 228.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 136.28 228.05 Td (represents ) Tj ET Q q 0 0 0 rg BT 168.71 228.05 Td (total ) Tj ET Q q 0 0 0 rg BT 182.71 228.05 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 218.76 228.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 248.30 228.05 Td (as ) Tj ET Q q 0 0 0 rg BT 256.89 228.05 Td (a ) Tj ET Q q 0 0 0 rg BT 262.22 228.05 Td (percentage ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.23 220.25 Td (net ) Tj ET Q q 0 0 0 rg BT 72.07 220.25 Td (revenues.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 100.62 220.25 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 212.45 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 212.45 Td (ROE ) Tj ET Q q 0 0 0 rg BT 71.51 212.45 Td (and ) Tj ET Q q 0 0 0 rg BT 85.78 212.45 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 111.95 212.45 Td (represent ) Tj ET Q q 0 0 0 rg BT 142.84 212.45 Td (annualized ) Tj ET Q q 0 0 0 rg BT 177.71 212.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 206.06 212.45 Td (applicable ) Tj ET Q q 0 0 0 rg BT 238.76 212.45 Td (to ) Tj ET Q q 0 0 0 rg BT 247.61 212.45 Td (Morgan ) Tj ET Q q 0 0 0 rg BT 273.07 212.45 Td (Stanley ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 204.65 Td (common ) Tj ET Q q 0 0 0 rg BT 81.90 204.65 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 122.45 204.65 Td (as ) Tj ET Q q 0 0 0 rg BT 132.29 204.65 Td (a ) Tj ET Q q 0 0 0 rg BT 138.87 204.65 Td (percentage ) Tj ET Q q 0 0 0 rg BT 174.37 204.65 Td (of ) Tj ET Q q 0 0 0 rg BT 182.76 204.65 Td (average ) Tj ET Q q 0 0 0 rg BT 209.23 204.65 Td (common ) Tj ET Q q 0 0 0 rg BT 237.12 204.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 257.44 204.65 Td (and ) Tj ET Q q 0 0 0 rg BT 271.26 204.65 Td (average ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 196.85 Td (tangible ) Tj ET Q q 0 0 0 rg BT 78.58 196.85 Td (common ) Tj ET Q q 0 0 0 rg BT 105.31 196.85 Td (equity) Tj ET Q q 0 0 0 rg BT 122.17 196.85 Td (, ) Tj ET Q q 0 0 0 rg BT 125.78 196.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 159.62 196.85 Td (.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 189.05 Td (3. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 189.05 Td (Represents ) Tj ET Q q 0 0 0 rg BT 89.00 189.05 Td (a ) Tj ET Q q 0 0 0 rg BT 94.38 189.05 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 125.33 189.05 Td ( ) Tj ET Q q 0 0 0 rg BT 127.09 189.05 Td (measure. ) Tj ET Q q 0 0 0 rg BT 155.95 189.05 Td (See ) Tj ET Q q 0 0 0 rg BT 169.28 189.05 Td (“) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 171.44 189.05 Td (Selected ) Tj ET Q q 0 0 0 rg BT 198.50 189.05 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 230.53 189.05 Td ( ) Tj ET Q q 0 0 0 rg BT 232.29 189.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 260.07 189.05 Td (Information) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 292.58 189.05 Td (” ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 181.25 Td (herein.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 173.45 Td (4. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 173.45 Td (Pre-tax ) Tj ET Q q 0 0 0 rg BT 77.21 173.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 99.34 173.45 Td (represents ) Tj ET Q q 0 0 0 rg BT 132.32 173.45 Td (income ) Tj ET Q q 0 0 0 rg BT 155.53 173.45 Td (from ) Tj ET Q q 0 0 0 rg BT 170.79 173.45 Td (continuing ) Tj ET Q q 0 0 0 rg BT 202.69 173.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 235.31 173.45 Td (before ) Tj ET Q q 0 0 0 rg BT 256.00 173.45 Td (income ) Tj ET Q q 0 0 0 rg BT 279.22 173.45 Td (taxes ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 165.65 Td (as ) Tj ET Q q 0 0 0 rg BT 62.67 165.65 Td (a ) Tj ET Q q 0 0 0 rg BT 68.09 165.65 Td (percentage ) Tj ET Q q 0 0 0 rg BT 102.43 165.65 Td (of ) Tj ET Q q 0 0 0 rg BT 109.65 165.65 Td (net ) Tj ET Q q 0 0 0 rg BT 120.50 165.65 Td (revenues.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 149.04 165.65 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 157.85 Td (5. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 157.85 Td (For ) Tj ET Q q 0 0 0 rg BT 66.98 157.85 Td (a ) Tj ET Q q 0 0 0 rg BT 73.82 157.85 Td (discussion ) Tj ET Q q 0 0 0 rg BT 107.40 157.85 Td (of ) Tj ET Q q 0 0 0 rg BT 116.04 157.85 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 143.12 157.85 Td (resources, ) Tj ET Q q 0 0 0 rg BT 176.70 157.85 Td (see ) Tj ET Q q 0 0 0 rg BT 190.40 157.85 Td (“) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 192.57 157.85 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 219.64 157.85 Td (and ) Tj ET Q q 0 0 0 rg BT 233.72 157.85 Td (Capital ) Tj ET Q q 0 0 0 rg BT 257.18 157.85 Td (Resources—) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 150.05 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 79.66 150.05 Td (Risk ) Tj ET Q q 0 0 0 rg BT 94.10 150.05 Td (Management ) Tj ET Q q 0 0 0 rg BT 133.85 150.05 Td (Framework—Liquidity ) Tj ET Q q 0 0 0 rg BT 198.51 150.05 Td (Resources) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 229.58 150.05 Td (” ) Tj ET Q q 0 0 0 rg BT 233.55 150.05 Td (herein.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 142.25 Td (6. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 142.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 81.33 142.25 Td (include ) Tj ET Q q 0 0 0 rg BT 103.60 142.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 120.82 142.25 Td (held ) Tj ET Q q 0 0 0 rg BT 134.78 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 144.04 142.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 177.15 142.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 190.02 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.12 142.25 Td (allowance\) ) Tj ET Q q 0 0 0 rg BT 229.87 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.39 142.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 259.60 142.25 Td (held ) Tj ET Q q 0 0 0 rg BT 273.57 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 282.83 142.25 Td (sale ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 134.45 Td (but ) Tj ET Q q 0 0 0 rg BT 65.13 134.45 Td (exclude ) Tj ET Q q 0 0 0 rg BT 89.64 134.45 Td (loans ) Tj ET Q q 0 0 0 rg BT 107.28 134.45 Td (at ) Tj ET Q q 0 0 0 rg BT 114.80 134.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 125.92 134.45 Td (value, ) Tj ET Q q 0 0 0 rg BT 145.37 134.45 Td (which ) Tj ET Q q 0 0 0 rg BT 164.09 134.45 Td (are ) Tj ET Q q 0 0 0 rg BT 175.58 134.45 Td (included ) Tj ET Q q 0 0 0 rg BT 201.89 134.45 Td (in ) Tj ET Q q 0 0 0 rg BT 208.91 134.45 Td (T) Tj ET Q q 0 0 0 rg BT 212.64 134.45 Td (rading ) Tj ET Q q 0 0 0 rg BT 232.81 134.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 253.70 134.45 Td (in ) Tj ET Q q 0 0 0 rg BT 260.85 134.45 Td (the ) Tj ET Q q 0 0 0 rg BT 271.99 134.45 Td (balance ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 126.65 Td (sheets ) Tj ET Q q 0 0 0 rg BT 74.96 126.65 Td (\(see ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 89.41 126.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 104.95 126.65 Td (9) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 108.56 126.65 Td ( ) Tj ET Q q 0 0 0 rg BT 110.37 126.65 Td (to ) Tj ET Q q 0 0 0 rg BT 117.60 126.65 Td (the ) Tj ET Q q 0 0 0 rg BT 128.44 126.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.09 126.65 Td (statements\).) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 118.85 Td (7. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 118.85 Td (Book ) Tj ET Q q 0 0 0 rg BT 71.32 118.85 Td (value ) Tj ET Q q 0 0 0 rg BT 89.37 118.85 Td (per ) Tj ET Q q 0 0 0 rg BT 101.27 118.85 Td (common ) Tj ET Q q 0 0 0 rg BT 128.70 118.85 Td (share ) Tj ET Q q 0 0 0 rg BT 147.47 118.85 Td (and ) Tj ET Q q 0 0 0 rg BT 160.82 118.85 Td (tangible ) Tj ET Q q 0 0 0 rg BT 186.10 118.85 Td (book ) Tj ET Q q 0 0 0 rg BT 202.70 118.85 Td (value ) Tj ET Q q 0 0 0 rg BT 220.75 118.85 Td (per ) Tj ET Q q 0 0 0 rg BT 232.65 118.85 Td (common ) Tj ET Q q 0 0 0 rg BT 260.08 118.85 Td (share ) Tj ET Q q 0 0 0 rg BT 278.84 118.85 Td (equal ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 111.05 Td (common ) Tj ET Q q 0 0 0 rg BT 79.93 111.05 Td (shareholders’) Tj ET Q q 0 0 0 rg BT 118.72 111.05 Td ( ) Tj ET Q q 0 0 0 rg BT 119.72 111.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 138.08 111.05 Td (and ) Tj ET Q q 0 0 0 rg BT 149.93 111.05 Td (tangible ) Tj ET Q q 0 0 0 rg BT 173.71 111.05 Td (common ) Tj ET Q q 0 0 0 rg BT 199.64 111.05 Td (shareholders’) Tj ET Q q 0 0 0 rg BT 238.42 111.05 Td ( ) Tj ET Q q 0 0 0 rg BT 239.43 111.05 Td (equity) Tj ET Q q 0 0 0 rg BT 256.29 111.05 Td (, ) Tj ET Q q 0 0 0 rg BT 259.11 111.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 292.95 111.05 Td (, ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 103.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 76.41 103.25 Td (by ) Tj ET Q q 0 0 0 rg BT 85.08 103.25 Td (common ) Tj ET Q q 0 0 0 rg BT 111.81 103.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 133.12 103.25 Td (outstanding.) Tj ET Q BT /F6 6.50 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 95.45 Td (8. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 95.45 Td (At ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 62.12 95.45 Td (March ) Tj ET Q q 0 0 0 rg BT 82.16 95.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 93.18 95.45 Td (2020) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 107.64 95.45 Td ( ) Tj ET Q q 0 0 0 rg BT 109.62 95.45 Td (and ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 122.45 95.45 Td (December ) Tj ET Q q 0 0 0 rg BT 154.41 95.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 165.43 95.45 Td (2019) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 179.89 95.45 Td (, ) Tj ET Q q 0 0 0 rg BT 183.68 95.45 Td (our ) Tj ET Q q 0 0 0 rg BT 195.06 95.45 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 227.02 95.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 247.79 95.45 Td (ratios ) Tj ET Q q 0 0 0 rg BT 265.67 95.45 Td (are ) Tj ET Q q 0 0 0 rg BT 277.05 95.45 Td (based ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 87.65 Td (on ) Tj ET Q q 0 0 0 rg BT 62.85 87.65 Td (the ) Tj ET Q q 0 0 0 rg BT 73.18 87.65 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 103.39 87.65 Td (Approach ) Tj ET Q q 0 0 0 rg BT 132.83 87.65 Td (and ) Tj ET Q q 0 0 0 rg BT 145.29 87.65 Td (the ) Tj ET Q q 0 0 0 rg BT 155.95 87.65 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 195.55 87.65 Td (Approach ) Tj ET Q q 0 0 0 rg BT 224.99 87.65 Td (rules, ) Tj ET Q q 0 0 0 rg BT 242.51 87.65 Td (respectively) Tj ET Q q 0 0 0 rg BT 276.34 87.65 Td (. ) Tj ET Q q 0 0 0 rg BT 279.77 87.65 Td (For ) Tj ET Q q 0 0 0 rg BT 291.14 87.65 Td (a ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 79.85 Td (discussion ) Tj ET Q q 0 0 0 rg BT 86.85 79.85 Td (of ) Tj ET Q q 0 0 0 rg BT 94.77 79.85 Td (our ) Tj ET Q q 0 0 0 rg BT 106.67 79.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 127.96 79.85 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 148.16 79.85 Td (see ) Tj ET Q q 0 0 0 rg BT 161.14 79.85 Td (“) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 163.31 79.85 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 189.66 79.85 Td (and ) Tj ET Q q 0 0 0 rg BT 203.01 79.85 Td (Capital ) Tj ET Q q 0 0 0 rg BT 225.74 79.85 Td (Resources—Regulatory ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 72.05 Td (Requirements) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 94.47 72.05 Td (” ) Tj ET Q q 0 0 0 rg BT 98.44 72.05 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 722.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 356.43 722.25 Td (Segment ) Tj ET Q q 0 0 0 rg BT 394.49 722.25 Td (Results) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 701.85 Td (Net ) Tj ET Q q 0 0 0 rg BT 333.31 701.85 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 375.83 701.85 Td (by ) Tj ET Q q 0 0 0 rg BT 388.11 701.85 Td (Segment) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 424.01 705.90 Td (1) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 317.25 693.45 Td (\($ in millions\)) Tj ET Q /GS0 gs q 252.00 0 0 163.00 317.25 525.45 cm /I23 Do Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 515.25 Td (Net Income ) Tj ET Q q 0 0 0 rg BT 365.11 515.25 Td (Applicable to Morgan Stanley by Segment) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 534.68 519.30 Td (1) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 317.25 506.85 Td (\($ in millions\)) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 344.85 Td ( ) Tj ET Q /GS0 gs q 247.00 0 0 157.00 319.33 344.85 cm /I24 Do Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 566.33 344.85 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 331.05 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 331.05 Td (The ) Tj ET Q q 0 0 0 rg BT 338.82 331.05 Td (percentages ) Tj ET Q q 0 0 0 rg BT 375.97 331.05 Td (on ) Tj ET Q q 0 0 0 rg BT 384.56 331.05 Td (the ) Tj ET Q q 0 0 0 rg BT 394.97 331.05 Td (bars ) Tj ET Q q 0 0 0 rg BT 408.98 331.05 Td (in ) Tj ET Q q 0 0 0 rg BT 415.41 331.05 Td (the ) Tj ET Q q 0 0 0 rg BT 425.82 331.05 Td (charts ) Tj ET Q q 0 0 0 rg BT 444.89 331.05 Td (represent ) Tj ET Q q 0 0 0 rg BT 473.72 331.05 Td (the ) Tj ET Q q 0 0 0 rg BT 484.12 331.05 Td (contribution ) Tj ET Q q 0 0 0 rg BT 519.10 331.05 Td (of ) Tj ET Q q 0 0 0 rg BT 525.89 331.05 Td (each ) Tj ET Q q 0 0 0 rg BT 541.35 331.05 Td (business ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 323.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 353.33 323.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.90 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.08 323.25 Td (total ) Tj ET Q q 0 0 0 rg BT 386.52 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.09 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.27 323.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 436.69 323.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.69 323.25 Td (category ) Tj ET Q q 0 0 0 rg BT 489.77 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.76 323.25 Td (may ) Tj ET Q q 0 0 0 rg BT 517.19 323.25 Td (not ) Tj ET Q q 0 0 0 rg BT 528.37 323.25 Td (total ) Tj ET Q q 0 0 0 rg BT 542.81 323.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.38 323.25 Td (100% ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 315.45 Td (due ) Tj ET Q q 0 0 0 rg BT 338.91 315.45 Td (to ) Tj ET Q q 0 0 0 rg BT 346.15 315.45 Td (intersegment ) Tj ET Q q 0 0 0 rg BT 385.54 315.45 Td (eliminations. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 423.48 315.45 Td (See ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 436.86 315.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 452.41 315.45 Td (19) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 459.64 315.45 Td ( ) Tj ET Q q 0 0 0 rg BT 461.45 315.45 Td (to ) Tj ET Q q 0 0 0 rg BT 468.69 315.45 Td (the ) Tj ET Q q 0 0 0 rg BT 479.54 315.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 505.20 315.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 538.81 315.45 Td (for ) Tj ET Q q 0 0 0 rg BT 548.21 315.45 Td (details ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 307.65 Td (of ) Tj ET Q q 0 0 0 rg BT 333.48 307.65 Td (intersegment ) Tj ET Q q 0 0 0 rg BT 372.86 307.65 Td (eliminations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 285.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 285.65 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 377.15 285.65 Td (Securities ) Tj ET Q q 0 0 0 rg BT 419.14 285.65 Td (net ) Tj ET Q q 0 0 0 rg BT 433.93 285.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 472.03 285.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.92 285.65 Td ($4,905 ) Tj ET Q q 0 0 0 rg BT 512.99 285.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.88 285.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.44 285.65 Td (in ) Tj ET Q q 0 0 0 rg BT 554.79 285.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 273.65 Td (current ) Tj ET Q q 0 0 0 rg BT 356.36 273.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 386.46 273.65 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.88 273.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.67 273.65 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 273.65 Td ( ) Tj ET Q q 0 0 0 rg BT 442.79 273.65 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.02 273.65 Td ($5,196 ) Tj ET Q q 0 0 0 rg BT 493.31 273.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.20 273.65 Td ( ) Tj ET Q q 0 0 0 rg BT 523.99 273.65 Td (in ) Tj ET Q q 0 0 0 rg BT 533.56 273.65 Td (the ) Tj ET Q q 0 0 0 rg BT 547.57 273.65 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 261.65 Td (year ) Tj ET Q q 0 0 0 rg BT 345.99 261.65 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.84 261.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 416.59 261.65 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 457.43 261.65 Td (losses ) Tj ET Q q 0 0 0 rg BT 483.86 261.65 Td (on ) Tj ET Q q 0 0 0 rg BT 496.39 261.65 Td (loans ) Tj ET Q q 0 0 0 rg BT 520.03 261.65 Td (and ) Tj ET Q q 0 0 0 rg BT 537.01 261.65 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 249.65 Td (commitments ) Tj ET Q q 0 0 0 rg BT 383.74 249.65 Td (held ) Tj ET Q q 0 0 0 rg BT 404.01 249.65 Td (for ) Tj ET Q q 0 0 0 rg BT 418.73 249.65 Td (sale ) Tj ET Q q 0 0 0 rg BT 437.33 249.65 Td (and ) Tj ET Q q 0 0 0 rg BT 454.82 249.65 Td (an ) Tj ET Q q 0 0 0 rg BT 467.31 249.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 503.12 249.65 Td (in ) Tj ET Q q 0 0 0 rg BT 513.96 249.65 Td (the ) Tj ET Q q 0 0 0 rg BT 529.23 249.65 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 237.65 Td (for ) Tj ET Q q 0 0 0 rg BT 340.53 237.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 365.91 237.65 Td (losses ) Tj ET Q q 0 0 0 rg BT 392.42 237.65 Td (on ) Tj ET Q q 0 0 0 rg BT 405.04 237.65 Td (loans ) Tj ET Q q 0 0 0 rg BT 428.77 237.65 Td (and ) Tj ET Q q 0 0 0 rg BT 445.83 237.65 Td (lending ) Tj ET Q q 0 0 0 rg BT 478.44 237.65 Td (commitments ) Tj ET Q q 0 0 0 rg BT 535.50 237.65 Td (held ) Tj ET Q q 0 0 0 rg BT 555.34 237.65 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 225.65 Td (investment, ) Tj ET Q q 0 0 0 rg BT 374.23 225.65 Td (as ) Tj ET Q q 0 0 0 rg BT 384.15 225.65 Td (well ) Tj ET Q q 0 0 0 rg BT 402.96 225.65 Td (as ) Tj ET Q q 0 0 0 rg BT 412.89 225.65 Td (losses ) Tj ET Q q 0 0 0 rg BT 438.37 225.65 Td (related ) Tj ET Q q 0 0 0 rg BT 467.17 225.65 Td (to ) Tj ET Q q 0 0 0 rg BT 476.54 225.65 Td (investments ) Tj ET Q q 0 0 0 rg BT 525.91 225.65 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 213.65 Td (with ) Tj ET Q q 0 0 0 rg BT 348.86 213.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 380.90 213.65 Td (employee ) Tj ET Q q 0 0 0 rg BT 424.61 213.65 Td (deferred ) Tj ET Q q 0 0 0 rg BT 462.75 213.65 Td (cash-based ) Tj ET Q q 0 0 0 rg BT 511.46 213.65 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 201.65 Td (plans, ) Tj ET Q q 0 0 0 rg BT 351.30 201.65 Td (partially ) Tj ET Q q 0 0 0 rg BT 386.05 201.65 Td (of) Tj ET Q q 0 0 0 rg BT 394.20 201.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 410.08 201.65 Td (by ) Tj ET Q q 0 0 0 rg BT 421.52 201.65 Td (increases ) Tj ET Q q 0 0 0 rg BT 459.60 201.65 Td (in ) Tj ET Q q 0 0 0 rg BT 468.82 201.65 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 493.03 201.65 Td (Income ) Tj ET Q q 0 0 0 rg BT 524.46 201.65 Td (and ) Tj ET Q q 0 0 0 rg BT 540.33 201.65 Td (Equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 189.65 Td (sales ) Tj ET Q q 0 0 0 rg BT 348.36 189.65 Td (and ) Tj ET Q q 0 0 0 rg BT 365.47 189.65 Td (trading ) Tj ET Q q 0 0 0 rg BT 396.47 189.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 434.68 189.65 Td (driven ) Tj ET Q q 0 0 0 rg BT 462.90 189.65 Td (by ) Tj ET Q q 0 0 0 rg BT 475.58 189.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 516.00 189.65 Td (volumes ) Tj ET Q q 0 0 0 rg BT 552.56 189.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 177.65 Td (volatility) Tj ET Q q 0 0 0 rg BT 361.71 177.65 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 155.65 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 155.65 Td (W) Tj ET Q q 0 0 0 rg BT 334.89 155.65 Td (ealth ) Tj ET Q q 0 0 0 rg BT 357.82 155.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 413.53 155.65 Td (net ) Tj ET Q q 0 0 0 rg BT 429.24 155.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 468.28 155.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.11 155.65 Td ($4,037 ) Tj ET Q q 0 0 0 rg BT 511.11 155.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 155.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.51 155.65 Td (in ) Tj ET Q q 0 0 0 rg BT 554.79 155.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 143.65 Td (current ) Tj ET Q q 0 0 0 rg BT 356.36 143.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 386.46 143.65 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.88 143.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.67 143.65 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 143.65 Td ( ) Tj ET Q q 0 0 0 rg BT 442.79 143.65 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.02 143.65 Td ($4,389 ) Tj ET Q q 0 0 0 rg BT 493.31 143.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.20 143.65 Td ( ) Tj ET Q q 0 0 0 rg BT 523.99 143.65 Td (in ) Tj ET Q q 0 0 0 rg BT 533.56 143.65 Td (the ) Tj ET Q q 0 0 0 rg BT 547.57 143.65 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 131.65 Td (year ) Tj ET Q q 0 0 0 rg BT 345.02 131.65 Td (quarter) Tj ET Q q 0 0 0 rg BT 372.94 131.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 131.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 415.78 131.65 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 455.66 131.65 Td (losses ) Tj ET Q q 0 0 0 rg BT 481.12 131.65 Td (related ) Tj ET Q q 0 0 0 rg BT 509.89 131.65 Td (to ) Tj ET Q q 0 0 0 rg BT 519.23 131.65 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 119.65 Td (associated ) Tj ET Q q 0 0 0 rg BT 375.07 119.65 Td (with ) Tj ET Q q 0 0 0 rg BT 400.57 119.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 435.50 119.65 Td (employee ) Tj ET Q q 0 0 0 rg BT 482.10 119.65 Td (deferred ) Tj ET Q q 0 0 0 rg BT 523.13 119.65 Td (cash-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 107.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 390.08 107.65 Td (plans, ) Tj ET Q q 0 0 0 rg BT 421.98 107.65 Td (partially ) Tj ET Q q 0 0 0 rg BT 463.60 107.65 Td (of) Tj ET Q q 0 0 0 rg BT 471.75 107.65 Td (fset ) Tj ET Q q 0 0 0 rg BT 494.48 107.65 Td (by ) Tj ET Q q 0 0 0 rg BT 512.77 107.65 Td (higher ) Tj ET Q q 0 0 0 rg BT 544.78 107.65 Td (Asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 95.65 Td (management ) Tj ET Q q 0 0 0 rg BT 381.73 95.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 421.66 95.65 Td (and ) Tj ET Q q 0 0 0 rg BT 440.50 95.65 Td (higher ) Tj ET Q q 0 0 0 rg BT 470.44 95.65 Td (commissions ) Tj ET Q q 0 0 0 rg BT 527.06 95.65 Td (driven ) Tj ET Q q 0 0 0 rg BT 557.00 95.65 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 83.65 Td (market ) Tj ET Q q 0 0 0 rg BT 356.51 83.65 Td (volatility) Tj ET Q q 0 0 0 rg BT 391.97 83.65 Td (.) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I25 Do Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 722.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 722.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 100.83 722.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 155.42 722.10 Td (net ) Tj ET Q q 0 0 0 rg BT 170.03 722.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 207.97 722.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.69 722.10 Td ($692 ) Tj ET Q q 0 0 0 rg BT 241.08 722.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.98 722.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.37 722.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.54 722.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 710.10 Td (current ) Tj ET Q q 0 0 0 rg BT 84.38 710.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 114.77 710.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.18 710.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.25 710.10 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.58 710.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.65 710.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.15 710.10 Td ($804 ) Tj ET Q q 0 0 0 rg BT 220.22 710.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.11 710.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.18 710.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.03 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.31 710.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 698.10 Td (year ) Tj ET Q q 0 0 0 rg BT 72.62 698.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 100.53 698.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.45 698.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 143.07 698.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 182.79 698.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 206.98 698.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 256.71 698.10 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 686.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 89.82 686.10 Td (of) Tj ET Q q 0 0 0 rg BT 97.97 686.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 114.91 686.10 Td (by ) Tj ET Q q 0 0 0 rg BT 127.41 686.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 154.90 686.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 179.63 686.10 Td (management ) Tj ET Q q 0 0 0 rg BT 233.21 686.10 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 665.90 Td (Net Revenues by Region) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 144.67 669.95 Td (1, 2 ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 45.00 657.50 Td (\($ in millions\)) Tj ET Q /GS0 gs q 250.00 0 0 157.00 45.00 495.50 cm /I26 Do Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 477.70 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 477.70 Td (The ) Tj ET Q q 0 0 0 rg BT 67.15 477.70 Td (percentages ) Tj ET Q q 0 0 0 rg BT 104.88 477.70 Td (on ) Tj ET Q q 0 0 0 rg BT 114.06 477.70 Td (the ) Tj ET Q q 0 0 0 rg BT 125.05 477.70 Td (bars ) Tj ET Q q 0 0 0 rg BT 139.65 477.70 Td (in ) Tj ET Q q 0 0 0 rg BT 146.66 477.70 Td (the ) Tj ET Q q 0 0 0 rg BT 157.65 477.70 Td (charts ) Tj ET Q q 0 0 0 rg BT 177.30 477.70 Td (represent ) Tj ET Q q 0 0 0 rg BT 206.71 477.70 Td (the ) Tj ET Q q 0 0 0 rg BT 217.70 477.70 Td (contribution ) Tj ET Q q 0 0 0 rg BT 253.26 477.70 Td (of ) Tj ET Q q 0 0 0 rg BT 260.63 477.70 Td (each ) Tj ET Q q 0 0 0 rg BT 276.68 477.70 Td (region ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 469.90 Td (to ) Tj ET Q q 0 0 0 rg BT 61.23 469.90 Td (the ) Tj ET Q q 0 0 0 rg BT 72.07 469.90 Td (total.) Tj ET Q BT /F6 6.50 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 462.10 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 462.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.96 462.10 Td (a ) Tj ET Q q 0 0 0 rg BT 71.78 462.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 104.33 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.96 462.10 Td (how ) Tj ET Q q 0 0 0 rg BT 126.09 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.33 462.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 171.70 462.10 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 205.71 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.34 462.10 Td (net ) Tj ET Q q 0 0 0 rg BT 224.58 462.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 253.52 462.10 Td (is ) Tj ET Q q 0 0 0 rg BT 260.42 462.10 Td (determined, ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 454.30 Td (see ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 66.29 454.30 Td (Note ) Tj ET Q q 0 0 0 rg BT 81.82 454.30 Td (19) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 89.05 454.30 Td ( ) Tj ET Q q 0 0 0 rg BT 90.86 454.30 Td (to ) Tj ET Q q 0 0 0 rg BT 98.09 454.30 Td (the ) Tj ET Q q 0 0 0 rg BT 108.93 454.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.59 454.30 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 432.30 Td (Both ) Tj ET Q q 0 0 0 rg BT 66.14 432.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.04 432.30 Td (34% ) Tj ET Q q 0 0 0 rg BT 100.06 432.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 134.50 432.30 Td (in ) Tj ET Q q 0 0 0 rg BT 143.96 432.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 181.19 432.30 Td (in ) Tj ET Q q 0 0 0 rg BT 190.28 432.30 Td (Asia ) Tj ET Q q 0 0 0 rg BT 210.30 432.30 Td (and ) Tj ET Q q 0 0 0 rg BT 226.42 432.30 Td (the ) Tj ET Q q 0 0 0 rg BT 240.33 432.30 Td (33% ) Tj ET Q q 0 0 0 rg BT 260.34 432.30 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 420.30 Td (in ) Tj ET Q q 0 0 0 rg BT 54.43 420.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 91.61 420.30 Td (in ) Tj ET Q q 0 0 0 rg BT 101.03 420.30 Td (EMEA) Tj ET Q q 0 0 0 rg BT 128.81 420.30 Td ( ) Tj ET Q q 0 0 0 rg BT 130.46 420.30 Td (were ) Tj ET Q q 0 0 0 rg BT 151.54 420.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 190.39 420.30 Td (attributable ) Tj ET Q q 0 0 0 rg BT 237.58 420.30 Td (to ) Tj ET Q q 0 0 0 rg BT 247.00 420.30 Td (Equity ) Tj ET Q q 0 0 0 rg BT 275.32 420.30 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 408.30 Td (and ) Tj ET Q q 0 0 0 rg BT 61.11 408.30 Td (trading ) Tj ET Q q 0 0 0 rg BT 91.12 408.30 Td (within ) Tj ET Q q 0 0 0 rg BT 118.35 408.30 Td (the ) Tj ET Q q 0 0 0 rg BT 132.24 408.30 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 182.25 408.30 Td (Securities ) Tj ET Q q 0 0 0 rg BT 223.36 408.30 Td (business ) Tj ET Q q 0 0 0 rg BT 258.93 408.30 Td (segment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 396.30 Td (The ) Tj ET Q q 0 0 0 rg BT 63.00 396.30 Td (Equity ) Tj ET Q q 0 0 0 rg BT 92.11 396.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 114.00 396.30 Td (and ) Tj ET Q q 0 0 0 rg BT 130.89 396.30 Td (trading ) Tj ET Q q 0 0 0 rg BT 161.67 396.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 199.66 396.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 234.86 396.30 Td (in ) Tj ET Q q 0 0 0 rg BT 244.55 396.30 Td (Asia ) Tj ET Q q 0 0 0 rg BT 265.33 396.30 Td (reflects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 384.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 73.83 384.30 Td (client ) Tj ET Q q 0 0 0 rg BT 99.32 384.30 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 138.99 384.30 Td (while ) Tj ET Q q 0 0 0 rg BT 164.48 384.30 Td (in ) Tj ET Q q 0 0 0 rg BT 175.54 384.30 Td (EMEA) Tj ET Q q 0 0 0 rg BT 203.32 384.30 Td ( ) Tj ET Q q 0 0 0 rg BT 206.60 384.30 Td ( ) Tj ET Q q 0 0 0 rg BT 209.88 384.30 Td (market ) Tj ET Q q 0 0 0 rg BT 240.92 384.30 Td (volatility ) Tj ET Q q 0 0 0 rg BT 280.31 384.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 372.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 81.46 372.30 Td (dividend ) Tj ET Q q 0 0 0 rg BT 121.27 372.30 Td (expectations ) Tj ET Q q 0 0 0 rg BT 176.07 372.30 Td (weighed ) Tj ET Q q 0 0 0 rg BT 214.77 372.30 Td (on ) Tj ET Q q 0 0 0 rg BT 229.58 372.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 269.94 372.30 Td (in ) Tj ET Q q 0 0 0 rg BT 282.53 372.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 360.30 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 94.89 360.30 Td (and ) Tj ET Q q 0 0 0 rg BT 115.35 360.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 159.14 360.30 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 208.55 360.30 Td (Additionally) Tj ET Q q 0 0 0 rg BT 258.45 360.30 Td (, ) Tj ET Q q 0 0 0 rg BT 266.97 360.30 Td (EMEA) Tj ET Q q 0 0 0 rg BT 294.75 360.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 348.30 Td (results ) Tj ET Q q 0 0 0 rg BT 73.57 348.30 Td (reflected ) Tj ET Q q 0 0 0 rg BT 111.01 348.30 Td (markdowns ) Tj ET Q q 0 0 0 rg BT 160.14 348.30 Td (of ) Tj ET Q q 0 0 0 rg BT 170.93 348.30 Td (held-for) Tj ET Q q 0 0 0 rg BT 202.94 348.30 Td (-sale ) Tj ET Q q 0 0 0 rg BT 224.28 348.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 247.86 348.30 Td (and ) Tj ET Q q 0 0 0 rg BT 264.76 348.30 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 336.30 Td (commitments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.44 336.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 314.30 Td (Cor) Tj ET Q q 0 0 0 rg BT 61.48 314.30 Td (onavirus Disease \(COVID-19\) Pandemic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 292.30 Td (The ) Tj ET Q q 0 0 0 rg BT 63.39 292.30 Td (coronavirus ) Tj ET Q q 0 0 0 rg BT 113.45 292.30 Td (disease ) Tj ET Q q 0 0 0 rg BT 145.17 292.30 Td (\(“COVID-19”\) ) Tj ET Q q 0 0 0 rg BT 208.55 292.30 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 250.26 292.30 Td (and ) Tj ET Q q 0 0 0 rg BT 267.55 292.30 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 280.30 Td (government-imposed ) Tj ET Q q 0 0 0 rg BT 131.60 280.30 Td (shelter) Tj ET Q q 0 0 0 rg BT 158.05 280.30 Td (-in-place ) Tj ET Q q 0 0 0 rg BT 195.21 280.30 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 241.26 280.30 Td (have ) Tj ET Q q 0 0 0 rg BT 261.75 280.30 Td (had, ) Tj ET Q q 0 0 0 rg BT 280.31 280.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 268.30 Td (will ) Tj ET Q q 0 0 0 rg BT 62.24 268.30 Td (likely ) Tj ET Q q 0 0 0 rg BT 86.69 268.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 122.80 268.30 Td (to ) Tj ET Q q 0 0 0 rg BT 132.26 268.30 Td (have, ) Tj ET Q q 0 0 0 rg BT 155.31 268.30 Td (a ) Tj ET Q q 0 0 0 rg BT 161.43 268.30 Td (severe ) Tj ET Q q 0 0 0 rg BT 188.65 268.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 217.54 268.30 Td (on ) Tj ET Q q 0 0 0 rg BT 229.21 268.30 Td (global ) Tj ET Q q 0 0 0 rg BT 255.89 268.30 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 256.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 92.20 256.30 Td (and ) Tj ET Q q 0 0 0 rg BT 112.17 256.30 Td (the ) Tj ET Q q 0 0 0 rg BT 129.92 256.30 Td (environment ) Tj ET Q q 0 0 0 rg BT 185.99 256.30 Td (in ) Tj ET Q q 0 0 0 rg BT 199.30 256.30 Td (which ) Tj ET Q q 0 0 0 rg BT 229.27 256.30 Td (we ) Tj ET Q q 0 0 0 rg BT 246.46 256.30 Td (operate ) Tj ET Q q 0 0 0 rg BT 281.42 256.30 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 244.30 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 222.30 Td (In ) Tj ET Q q 0 0 0 rg BT 56.75 222.30 Td (responding ) Tj ET Q q 0 0 0 rg BT 104.60 222.30 Td (to ) Tj ET Q q 0 0 0 rg BT 115.79 222.30 Td (this ) Tj ET Q q 0 0 0 rg BT 133.66 222.30 Td (unprecedented ) Tj ET Q q 0 0 0 rg BT 195.37 222.30 Td (situation, ) Tj ET Q q 0 0 0 rg BT 235.73 222.30 Td (we ) Tj ET Q q 0 0 0 rg BT 250.81 222.30 Td (have ) Tj ET Q q 0 0 0 rg BT 273.10 222.30 Td (taken ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 210.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 86.02 210.30 Td (to ) Tj ET Q q 0 0 0 rg BT 97.60 210.30 Td (prioritize ) Tj ET Q q 0 0 0 rg BT 138.06 210.30 Td (the ) Tj ET Q q 0 0 0 rg BT 154.09 210.30 Td (health ) Tj ET Q q 0 0 0 rg BT 182.33 210.30 Td (of ) Tj ET Q q 0 0 0 rg BT 194.47 210.30 Td (our ) Tj ET Q q 0 0 0 rg BT 211.61 210.30 Td (employees ) Tj ET Q q 0 0 0 rg BT 258.18 210.30 Td (and ) Tj ET Q q 0 0 0 rg BT 276.43 210.30 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 198.30 Td (families, ) Tj ET Q q 0 0 0 rg BT 82.47 198.30 Td (and ) Tj ET Q q 0 0 0 rg BT 99.67 198.30 Td (to ) Tj ET Q q 0 0 0 rg BT 110.21 198.30 Td (be ) Tj ET Q q 0 0 0 rg BT 122.41 198.30 Td (prepared ) Tj ET Q q 0 0 0 rg BT 160.14 198.30 Td (operationally ) Tj ET Q q 0 0 0 rg BT 215.66 198.30 Td (to ) Tj ET Q q 0 0 0 rg BT 226.20 198.30 Td (serve ) Tj ET Q q 0 0 0 rg BT 250.06 198.30 Td (our ) Tj ET Q q 0 0 0 rg BT 266.15 198.30 Td (clients, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 186.30 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 92.72 186.30 Td (our ) Tj ET Q q 0 0 0 rg BT 111.58 186.30 Td (business ) Tj ET Q q 0 0 0 rg BT 150.99 186.30 Td (continuity ) Tj ET Q q 0 0 0 rg BT 197.06 186.30 Td (planning ) Tj ET Q q 0 0 0 rg BT 237.58 186.30 Td (and ) Tj ET Q q 0 0 0 rg BT 257.54 186.30 Td (historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 174.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 96.06 174.30 Td (in ) Tj ET Q q 0 0 0 rg BT 107.12 174.30 Td (technology) Tj ET Q q 0 0 0 rg BT 150.91 174.30 Td (. ) Tj ET Q q 0 0 0 rg BT 156.69 174.30 Td (More ) Tj ET Q q 0 0 0 rg BT 181.64 174.30 Td (than ) Tj ET Q q 0 0 0 rg BT 202.14 174.30 Td (90% ) Tj ET Q q 0 0 0 rg BT 223.76 174.30 Td (of ) Tj ET Q q 0 0 0 rg BT 235.38 174.30 Td (our ) Tj ET Q q 0 0 0 rg BT 251.99 174.30 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 162.30 Td (are ) Tj ET Q q 0 0 0 rg BT 61.13 162.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 101.16 162.30 Td (working ) Tj ET Q q 0 0 0 rg BT 138.41 162.30 Td (from ) Tj ET Q q 0 0 0 rg BT 161.78 162.30 Td (home, ) Tj ET Q q 0 0 0 rg BT 190.42 162.30 Td (and ) Tj ET Q q 0 0 0 rg BT 208.79 162.30 Td (to ) Tj ET Q q 0 0 0 rg BT 220.50 162.30 Td (date, ) Tj ET Q q 0 0 0 rg BT 243.58 162.30 Td (we ) Tj ET Q q 0 0 0 rg BT 259.17 162.30 Td (have ) Tj ET Q q 0 0 0 rg BT 281.97 162.30 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 150.30 Td (experienced ) Tj ET Q q 0 0 0 rg BT 95.13 150.30 Td (any ) Tj ET Q q 0 0 0 rg BT 111.40 150.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 155.45 150.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 172.84 150.30 Td (of ) Tj ET Q q 0 0 0 rg BT 183.01 150.30 Td (operational ) Tj ET Q q 0 0 0 rg BT 229.82 150.30 Td (capability) Tj ET Q q 0 0 0 rg BT 268.60 150.30 Td (, ) Tj ET Q q 0 0 0 rg BT 272.93 150.30 Td (as ) Tj ET Q q 0 0 0 rg BT 283.09 150.30 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 138.30 Td (have ) Tj ET Q q 0 0 0 rg BT 66.00 138.30 Td (implemented ) Tj ET Q q 0 0 0 rg BT 120.34 138.30 Td (our ) Tj ET Q q 0 0 0 rg BT 135.79 138.30 Td (pandemic-related ) Tj ET Q q 0 0 0 rg BT 207.32 138.30 Td (responses. ) Tj ET Q q 0 0 0 rg BT 250.68 138.30 Td (W) Tj ET Q q 0 0 0 rg BT 259.32 138.30 Td (e ) Tj ET Q q 0 0 0 rg BT 265.88 138.30 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 126.30 Td (we ) Tj ET Q q 0 0 0 rg BT 58.77 126.30 Td (are ) Tj ET Q q 0 0 0 rg BT 73.08 126.30 Td (prepared ) Tj ET Q q 0 0 0 rg BT 110.16 126.30 Td (to ) Tj ET Q q 0 0 0 rg BT 120.05 126.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 156.59 126.30 Td (to ) Tj ET Q q 0 0 0 rg BT 166.47 126.30 Td (operate ) Tj ET Q q 0 0 0 rg BT 198.01 126.30 Td (with ) Tj ET Q q 0 0 0 rg BT 217.89 126.30 Td (the ) Tj ET Q q 0 0 0 rg BT 232.21 126.30 Td (vast ) Tj ET Q q 0 0 0 rg BT 250.43 126.30 Td (majority ) Tj ET Q q 0 0 0 rg BT 286.42 126.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 114.30 Td (our ) Tj ET Q q 0 0 0 rg BT 59.98 114.30 Td (workforce ) Tj ET Q q 0 0 0 rg BT 102.71 114.30 Td (working ) Tj ET Q q 0 0 0 rg BT 137.69 114.30 Td (remotely ) Tj ET Q q 0 0 0 rg BT 174.88 114.30 Td (for ) Tj ET Q q 0 0 0 rg BT 188.19 114.30 Td (as ) Tj ET Q q 0 0 0 rg BT 198.16 114.30 Td (long ) Tj ET Q q 0 0 0 rg BT 217.59 114.30 Td (as ) Tj ET Q q 0 0 0 rg BT 227.57 114.30 Td (health ) Tj ET Q q 0 0 0 rg BT 253.65 114.30 Td (guidelines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 102.30 Td (and ) Tj ET Q q 0 0 0 rg BT 62.99 102.30 Td (prudence ) Tj ET Q q 0 0 0 rg BT 103.20 102.30 Td (require, ) Tj ET Q q 0 0 0 rg BT 137.57 102.30 Td (with ) Tj ET Q q 0 0 0 rg BT 158.90 102.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 190.79 102.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 221.56 102.30 Td (to ) Tj ET Q q 0 0 0 rg BT 232.89 102.30 Td (our ) Tj ET Q q 0 0 0 rg BT 249.78 102.30 Td (operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 90.30 Td (capabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 68.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.57 68.30 Td (coronavirus ) Tj ET Q q 0 0 0 rg BT 115.80 68.30 Td (disease ) Tj ET Q q 0 0 0 rg BT 148.70 68.30 Td (has ) Tj ET Q q 0 0 0 rg BT 166.05 68.30 Td (impacted ) Tj ET Q q 0 0 0 rg BT 206.73 68.30 Td (many ) Tj ET Q q 0 0 0 rg BT 232.97 68.30 Td (people’) Tj ET Q q 0 0 0 rg BT 262.40 68.30 Td (s ) Tj ET Q q 0 0 0 rg BT 270.32 68.30 Td (health ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 56.30 Td (around ) Tj ET Q q 0 0 0 rg BT 77.95 56.30 Td (the ) Tj ET Q q 0 0 0 rg BT 95.35 56.30 Td (world, ) Tj ET Q q 0 0 0 rg BT 126.37 56.30 Td (including ) Tj ET Q q 0 0 0 rg BT 169.32 56.30 Td (many ) Tj ET Q q 0 0 0 rg BT 196.72 56.30 Td (of ) Tj ET Q q 0 0 0 rg BT 210.24 56.30 Td (our ) Tj ET Q q 0 0 0 rg BT 228.75 56.30 Td (employees. ) Tj ET Q q 0 0 0 rg BT 279.20 56.30 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 722.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 361.03 722.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.82 722.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 404.17 722.10 Td (was ) Tj ET Q q 0 0 0 rg BT 424.07 722.10 Td (diagnosed ) Tj ET Q q 0 0 0 rg BT 468.97 722.10 Td (with ) Tj ET Q q 0 0 0 rg BT 491.10 722.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.67 722.10 Td (coronavirus ) Tj ET Q q 0 0 0 rg BT 559.22 722.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 710.10 Td (March, ) Tj ET Q q 0 0 0 rg BT 347.62 710.10 Td (but ) Tj ET Q q 0 0 0 rg BT 362.17 710.10 Td (has ) Tj ET Q q 0 0 0 rg BT 377.28 710.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 397.94 710.10 Td (recovered. ) Tj ET Q q 0 0 0 rg BT 441.50 710.10 Td (The ) Tj ET Q q 0 0 0 rg BT 458.82 710.10 Td (rest ) Tj ET Q q 0 0 0 rg BT 475.03 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.14 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.13 710.10 Td (Firm’) Tj ET Q q 0 0 0 rg BT 521.35 710.10 Td (s ) Tj ET Q q 0 0 0 rg BT 527.02 710.10 Td (Operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 698.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 364.19 698.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 394.45 698.10 Td (healthy ) Tj ET Q q 0 0 0 rg BT 426.39 698.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.32 698.10 Td (are ) Tj ET Q q 0 0 0 rg BT 458.03 698.10 Td (sheltering ) Tj ET Q q 0 0 0 rg BT 499.96 698.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.24 698.10 Td (place.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 676.10 Td (W) Tj ET Q q 0 0 0 rg BT 326.29 676.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 339.53 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.43 676.10 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 402.11 676.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 435.90 676.10 Td (on ) Tj ET Q q 0 0 0 rg BT 448.59 676.10 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 498.22 676.10 Td (communities ) Tj ET Q q 0 0 0 rg BT 552.56 676.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 664.10 Td (or) Tj ET Q q 0 0 0 rg BT 325.40 664.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 375.06 664.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 421.95 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.85 664.10 Td (evolve, ) Tj ET Q q 0 0 0 rg BT 467.12 664.10 Td (governments ) Tj ET Q q 0 0 0 rg BT 522.90 664.10 Td (around ) Tj ET Q q 0 0 0 rg BT 554.78 664.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 652.10 Td (world ) Tj ET Q q 0 0 0 rg BT 342.82 652.10 Td (have ) Tj ET Q q 0 0 0 rg BT 363.93 652.10 Td (reacted ) Tj ET Q q 0 0 0 rg BT 395.03 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.04 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.49 652.10 Td (health ) Tj ET Q q 0 0 0 rg BT 446.16 652.10 Td (crisis ) Tj ET Q q 0 0 0 rg BT 469.50 652.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 498.95 652.10 Td (by ) Tj ET Q q 0 0 0 rg BT 511.18 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.63 652.10 Td (pandemic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.21 640.10 Td (central ) Tj ET Q q 0 0 0 rg BT 361.94 640.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 386.80 640.10 Td (have ) Tj ET Q q 0 0 0 rg BT 407.20 640.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 430.38 640.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 451.91 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.21 640.10 Td (proactively ) Tj ET Q q 0 0 0 rg BT 507.72 640.10 Td (address ) Tj ET Q q 0 0 0 rg BT 539.23 640.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 628.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 366.27 628.10 Td (by ) Tj ET Q q 0 0 0 rg BT 380.84 628.10 Td (cutting ) Tj ET Q q 0 0 0 rg BT 413.19 628.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 447.19 628.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 470.64 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.65 628.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 533.11 628.10 Td (liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 616.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 355.12 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.45 616.10 Td (other ) Tj ET Q q 0 0 0 rg BT 405.88 616.10 Td (stimulus ) Tj ET Q q 0 0 0 rg BT 447.66 616.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 495.81 616.10 Td (See ) Tj ET Q q 0 0 0 rg BT 518.13 616.10 Td (“Regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 604.10 Td (Developments ) Tj ET Q q 0 0 0 rg BT 378.56 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.88 604.10 Td (Response ) Tj ET Q q 0 0 0 rg BT 431.76 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.08 604.10 Td (COVID-19” ) Tj ET Q q 0 0 0 rg BT 496.06 604.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 524.59 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 539.79 604.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 592.10 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 570.10 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 570.10 Td (e ) Tj ET Q q 0 0 0 rg BT 333.45 570.10 Td (also ) Tj ET Q q 0 0 0 rg BT 352.69 570.10 Td (have ) Tj ET Q q 0 0 0 rg BT 374.69 570.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 399.48 570.10 Td (several ) Tj ET Q q 0 0 0 rg BT 430.92 570.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 456.81 570.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 479.94 570.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.84 570.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 524.52 570.10 Td (assistance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 558.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 334.29 558.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 366.31 558.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 388.34 558.10 Td (has ) Tj ET Q q 0 0 0 rg BT 403.15 558.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 442.39 558.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.21 558.10 Td (we: ) Tj ET Q q 0 0 0 rg BT 468.13 558.10 Td (support ) Tj ET Q q 0 0 0 rg BT 499.62 558.10 Td (market ) Tj ET Q q 0 0 0 rg BT 528.87 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.79 558.10 Td (client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 546.10 Td (activity; ) Tj ET Q q 0 0 0 rg BT 358.85 546.10 Td (take ) Tj ET Q q 0 0 0 rg BT 384.33 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.94 546.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 447.53 546.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 489.14 546.10 Td (from ) Tj ET Q q 0 0 0 rg BT 517.41 546.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.93 546.10 Td (W) Tj ET Q q 0 0 0 rg BT 547.57 546.10 Td (ealth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 534.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 371.38 534.10 Td (clients; ) Tj ET Q q 0 0 0 rg BT 402.18 534.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 430.76 534.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 455.44 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.15 534.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.40 534.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 530.10 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.46 534.10 Td (retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 522.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 346.59 522.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.61 522.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 391.40 522.10 Td (them ) Tj ET Q q 0 0 0 rg BT 414.63 522.10 Td (with ) Tj ET Q q 0 0 0 rg BT 435.65 522.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 478.88 522.10 Td (liquidity; ) Tj ET Q q 0 0 0 rg BT 518.78 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 536.46 522.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 510.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 361.93 510.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.62 510.10 Td (support ) Tj ET Q q 0 0 0 rg BT 413.53 510.10 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 465.43 510.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 509.00 510.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 542.01 510.10 Td (across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 498.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 356.37 498.10 Td (sectors. ) Tj ET Q q 0 0 0 rg BT 391.15 498.10 Td (Along ) Tj ET Q q 0 0 0 rg BT 421.95 498.10 Td (with ) Tj ET Q q 0 0 0 rg BT 445.52 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.53 498.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 492.09 498.10 Td (other ) Tj ET Q q 0 0 0 rg BT 518.42 498.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 542.00 498.10 Td (Banks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 486.10 Td (comprising ) Tj ET Q q 0 0 0 rg BT 363.69 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.35 486.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 416.00 486.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 451.32 486.10 Td (Forum, ) Tj ET Q q 0 0 0 rg BT 481.93 486.10 Td (we ) Tj ET Q q 0 0 0 rg BT 495.03 486.10 Td (voluntarily ) Tj ET Q q 0 0 0 rg BT 540.36 486.10 Td (ceased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 474.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.91 474.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 358.00 474.10 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 406.98 474.10 Td (Program ) Tj ET Q q 0 0 0 rg BT 443.75 474.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.85 474.10 Td (keep ) Tj ET Q q 0 0 0 rg BT 475.06 474.10 Td (this ) Tj ET Q q 0 0 0 rg BT 491.83 474.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 520.81 474.10 Td (available ) Tj ET Q q 0 0 0 rg BT 559.23 474.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 462.10 Td (help ) Tj ET Q q 0 0 0 rg BT 341.93 462.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 375.49 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.39 462.10 Td (took ) Tj ET Q q 0 0 0 rg BT 422.63 462.10 Td (action ) Tj ET Q q 0 0 0 rg BT 454.52 462.10 Td (on ) Tj ET Q q 0 0 0 rg BT 471.98 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.65 462.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 529.10 462.10 Td (Reserve's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 450.10 Td (encouragement ) Tj ET Q q 0 0 0 rg BT 380.94 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.33 450.10 Td (use ) Tj ET Q q 0 0 0 rg BT 407.28 450.10 Td (its ) Tj ET Q q 0 0 0 rg BT 419.34 450.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 455.84 450.10 Td (window ) Tj ET Q q 0 0 0 rg BT 490.68 450.10 Td (by ) Tj ET Q q 0 0 0 rg BT 503.29 450.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 547.56 450.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 438.10 Td (it. ) Tj ET Q q 0 0 0 rg BT 329.39 438.10 Td (W) Tj ET Q q 0 0 0 rg BT 338.03 438.10 Td (e ) Tj ET Q q 0 0 0 rg BT 346.87 438.10 Td (have ) Tj ET Q q 0 0 0 rg BT 370.14 438.10 Td (also ) Tj ET Q q 0 0 0 rg BT 390.65 438.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 416.71 438.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 441.11 438.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.29 438.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 499.89 438.10 Td (in ) Tj ET Q q 0 0 0 rg BT 512.07 438.10 Td (other ) Tj ET Q q 0 0 0 rg BT 537.02 438.10 Td (Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 426.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 352.41 426.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 395.63 426.10 Td (notably ) Tj ET Q q 0 0 0 rg BT 428.57 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.74 426.10 Td (Primary ) Tj ET Q q 0 0 0 rg BT 478.91 426.10 Td (Dealer ) Tj ET Q q 0 0 0 rg BT 508.50 426.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 536.45 426.10 Td (Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 414.10 Td (\(“PDCF”\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 392.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 334.24 392.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 370.66 392.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 412.37 392.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 444.35 392.10 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 468.83 392.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 496.92 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.80 392.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 548.13 392.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 380.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 356.32 380.10 Td (strong. ) Tj ET Q q 0 0 0 rg BT 385.69 380.10 Td (In ) Tj ET Q q 0 0 0 rg BT 395.89 380.10 Td (March ) Tj ET Q q 0 0 0 rg BT 423.86 380.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 448.23 380.10 Td (we ) Tj ET Q q 0 0 0 rg BT 461.76 380.10 Td (saw ) Tj ET Q q 0 0 0 rg BT 479.18 380.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 509.93 380.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 541.80 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.00 380.10 Td ($38 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 368.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 346.33 368.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.62 368.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 401.13 368.10 Td (sought ) Tj ET Q q 0 0 0 rg BT 430.77 368.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 463.71 368.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 490.55 368.10 Td (away ) Tj ET Q q 0 0 0 rg BT 514.61 368.10 Td (from ) Tj ET Q q 0 0 0 rg BT 537.02 368.10 Td (volatile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 356.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 354.19 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.42 356.10 Td (we ) Tj ET Q q 0 0 0 rg BT 385.87 356.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 412.53 356.10 Td (more ) Tj ET Q q 0 0 0 rg BT 435.86 356.10 Td (than ) Tj ET Q q 0 0 0 rg BT 455.87 356.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 468.65 356.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 497.55 356.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.12 356.10 Td (new ) Tj ET Q q 0 0 0 rg BT 527.57 356.10 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 344.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 336.97 344.10 Td (supplementing ) Tj ET Q q 0 0 0 rg BT 398.35 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.18 344.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 450.57 344.10 Td (position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 322.10 Td (As ) Tj ET Q q 0 0 0 rg BT 331.63 322.10 Td (further ) Tj ET Q q 0 0 0 rg BT 362.10 322.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 403.69 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.74 322.10 Td (“Business ) Tj ET Q q 0 0 0 rg BT 458.00 322.10 Td (Segments” ) Tj ET Q q 0 0 0 rg BT 504.59 322.10 Td (herein, ) Tj ET Q q 0 0 0 rg BT 535.34 322.10 Td (towards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.75 310.10 Td (end ) Tj ET Q q 0 0 0 rg BT 350.47 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.08 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.57 310.10 Td (current ) Tj ET Q q 0 0 0 rg BT 409.17 310.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 437.08 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 442.86 310.10 Td (we ) Tj ET Q q 0 0 0 rg BT 457.80 310.10 Td (observed ) Tj ET Q q 0 0 0 rg BT 497.18 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.68 310.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 543.17 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.78 310.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 298.10 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 357.78 298.10 Td (on ) Tj ET Q q 0 0 0 rg BT 369.45 298.10 Td (our ) Tj ET Q q 0 0 0 rg BT 384.44 298.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 422.37 298.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.58 298.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 470.11 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.10 298.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 501.20 298.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 529.24 298.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.94 286.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 364.28 286.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 390.57 286.10 Td (widening ) Tj ET Q q 0 0 0 rg BT 432.69 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.93 286.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 473.60 286.10 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 511.00 286.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 552.56 286.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 274.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 369.93 274.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 394.85 274.10 Td (deterioration, ) Tj ET Q q 0 0 0 rg BT 450.59 274.10 Td (market ) Tj ET Q q 0 0 0 rg BT 480.51 274.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 518.77 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.36 274.10 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 262.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 364.20 262.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 399.49 262.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 432.55 262.10 Td (had ) Tj ET Q q 0 0 0 rg BT 450.05 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.34 262.10 Td (most ) Tj ET Q q 0 0 0 rg BT 487.86 262.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 533.13 262.10 Td (negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 250.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 351.70 250.10 Td (on ) Tj ET Q q 0 0 0 rg BT 365.05 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 381.73 250.10 Td (current ) Tj ET Q q 0 0 0 rg BT 413.40 250.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 445.06 250.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 501.43 250.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 535.33 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 546.45 250.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 238.10 Td (ef) Tj ET Q q 0 0 0 rg BT 324.84 238.10 Td (fects, ) Tj ET Q q 0 0 0 rg BT 350.66 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.33 238.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 391.22 238.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 443.97 238.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 511.17 238.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 542.00 238.10 Td (net ) Tj ET Q q 0 0 0 rg BT 558.67 238.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 226.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 362.42 226.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 396.48 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.10 226.10 Td ($610 ) Tj ET Q q 0 0 0 rg BT 437.39 226.10 Td (million ) Tj ET Q q 0 0 0 rg BT 472.58 226.10 Td (on ) Tj ET Q q 0 0 0 rg BT 488.87 226.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 516.27 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.01 226.10 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 214.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 373.36 214.10 Td (held ) Tj ET Q q 0 0 0 rg BT 392.25 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 405.59 214.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 425.31 214.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 468.66 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.66 214.10 Td ($407 ) Tj ET Q q 0 0 0 rg BT 500.34 214.10 Td (million ) Tj ET Q q 0 0 0 rg BT 530.90 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.24 214.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 202.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 343.72 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 356.30 202.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 379.98 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.00 202.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 429.57 202.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 486.59 202.10 Td (held ) Tj ET Q q 0 0 0 rg BT 506.39 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 520.62 202.10 Td (investment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.56 190.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 367.33 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.54 190.10 Td ($384 ) Tj ET Q q 0 0 0 rg BT 407.41 190.10 Td (million ) Tj ET Q q 0 0 0 rg BT 442.18 190.10 Td (on ) Tj ET Q q 0 0 0 rg BT 458.06 190.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 482.26 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.58 190.10 Td (business-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 178.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 371.22 178.10 Td (net ) Tj ET Q q 0 0 0 rg BT 387.14 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.17 178.10 Td (hedges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.44 178.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.33 178.10 Td (At ) Tj ET Q q 0 0 0 rg BT 446.03 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.95 178.10 Td (same ) Tj ET Q q 0 0 0 rg BT 486.19 178.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 510.17 178.10 Td (high ) Tj ET Q q 0 0 0 rg BT 531.65 178.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 558.67 178.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 166.10 Td (client ) Tj ET Q q 0 0 0 rg BT 341.84 166.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 372.55 166.10 Td (activity) Tj ET Q q 0 0 0 rg BT 401.89 166.10 Td (, ) Tj ET Q q 0 0 0 rg BT 406.78 166.10 Td (related ) Tj ET Q q 0 0 0 rg BT 436.36 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.52 166.10 Td (market ) Tj ET Q q 0 0 0 rg BT 476.67 166.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 512.13 166.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.01 166.10 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 154.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 356.73 154.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 393.98 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 407.36 154.10 Td (global ) Tj ET Q q 0 0 0 rg BT 434.08 154.10 Td (macro ) Tj ET Q q 0 0 0 rg BT 460.79 154.10 Td (products ) Tj ET Q q 0 0 0 rg BT 496.95 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.11 154.10 Td (Commodities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.45 142.10 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 380.21 142.10 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 425.56 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.43 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.07 142.10 Td (transactional ) Tj ET Q q 0 0 0 rg BT 513.58 142.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 559.23 142.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 130.10 Td (ealth ) Tj ET Q q 0 0 0 rg BT 347.82 130.10 Td (Management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.52 130.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 108.10 Td (Though ) Tj ET Q q 0 0 0 rg BT 350.90 108.10 Td (we ) Tj ET Q q 0 0 0 rg BT 365.09 108.10 Td (are ) Tj ET Q q 0 0 0 rg BT 379.84 108.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 409.03 108.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.34 108.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 455.20 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.95 108.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 496.92 108.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.79 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.54 108.10 Td (impact, ) Tj ET Q q 0 0 0 rg BT 554.79 108.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 96.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 363.73 96.10 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 406.31 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.45 96.10 Td (related ) Tj ET Q q 0 0 0 rg BT 455.36 96.10 Td (global ) Tj ET Q q 0 0 0 rg BT 484.06 96.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 526.63 96.10 Td (crisis ) Tj ET Q q 0 0 0 rg BT 551.45 96.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 84.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 357.11 84.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 385.87 84.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.74 84.10 Td (future ) Tj ET Q q 0 0 0 rg BT 426.16 84.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 465.47 84.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 495.28 84.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 545.18 84.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.23 84.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.64 72.10 Td (continuance ) Tj ET Q q 0 0 0 rg BT 382.12 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.63 72.10 Td (many ) Tj ET Q q 0 0 0 rg BT 417.02 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.52 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.91 72.10 Td (same ) Tj ET Q q 0 0 0 rg BT 464.63 72.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 500.67 72.10 Td (impacts, ) Tj ET Q q 0 0 0 rg BT 536.45 72.10 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 60.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.47 60.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 363.25 60.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.58 60.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 403.14 60.10 Td (client ) Tj ET Q q 0 0 0 rg BT 428.36 60.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 459.69 60.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 492.69 60.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 544.00 60.10 Td (in ) Tj ET Q q 0 0 0 rg BT 554.78 60.10 Td (the ) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I27 Do Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.00 38.46 Td (6) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 722.10 Td (current ) Tj ET Q q 0 0 0 rg BT 75.78 722.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 103.70 722.10 Td (, ) Tj ET Q q 0 0 0 rg BT 108.66 722.10 Td (it ) Tj ET Q q 0 0 0 rg BT 116.68 722.10 Td (is ) Tj ET Q q 0 0 0 rg BT 125.82 722.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 165.49 722.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.95 722.10 Td (our ) Tj ET Q q 0 0 0 rg BT 198.75 722.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 236.19 722.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 279.20 722.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 710.10 Td (be ) Tj ET Q q 0 0 0 rg BT 56.94 710.10 Td (attained ) Tj ET Q q 0 0 0 rg BT 91.09 710.10 Td (within ) Tj ET Q q 0 0 0 rg BT 119.15 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.86 710.10 Td (originally ) Tj ET Q q 0 0 0 rg BT 175.24 710.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 201.07 710.10 Td (two ) Tj ET Q q 0 0 0 rg BT 218.57 710.10 Td (year ) Tj ET Q q 0 0 0 rg BT 238.28 710.10 Td (time ) Tj ET Q q 0 0 0 rg BT 258.55 710.10 Td (frame.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 688.10 Td (e ) Tj ET Q q 0 0 0 rg BT 63.88 688.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 104.13 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.71 688.10 Td (use ) Tj ET Q q 0 0 0 rg BT 136.85 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.88 688.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 196.23 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.37 688.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.51 688.10 Td (Enterprise ) Tj ET Q q 0 0 0 rg BT 276.41 688.10 Td (Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 676.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 99.77 676.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 146.20 676.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 179.87 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.65 676.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 239.43 676.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 286.98 676.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 59.38 664.10 Td (present ) Tj ET Q q 0 0 0 rg BT 90.41 664.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 131.44 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.04 664.10 Td (market ) Tj ET Q q 0 0 0 rg BT 177.97 664.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 224.29 664.10 Td (See ) Tj ET Q q 0 0 0 rg BT 240.89 664.10 Td (“Quantitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 62.13 652.10 Td (Qualitative ) Tj ET Q q 0 0 0 rg BT 109.25 652.10 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 158.61 652.10 Td (about ) Tj ET Q q 0 0 0 rg BT 183.52 652.10 Td (Risk” ) Tj ET Q q 0 0 0 rg BT 208.99 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.46 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.37 652.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 257.06 652.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 281.42 652.10 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 640.10 Td (K ) Tj ET Q q 0 0 0 rg BT 61.00 640.10 Td (for ) Tj ET Q q 0 0 0 rg BT 81.44 640.10 Td (further ) Tj ET Q q 0 0 0 rg BT 117.43 640.10 Td (information ) Tj ET Q q 0 0 0 rg BT 173.43 640.10 Td (about ) Tj ET Q q 0 0 0 rg BT 204.42 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.54 640.10 Td (Enterprise ) Tj ET Q q 0 0 0 rg BT 276.41 640.10 Td (Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 628.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 99.70 628.10 Td (Framework.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 606.10 Td (In ) Tj ET Q q 0 0 0 rg BT 55.07 606.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 92.08 606.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 112.69 606.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.21 606.10 Td (“Risk ) Tj ET Q q 0 0 0 rg BT 146.73 606.10 Td (Factors”) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.60 606.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.34 606.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 209.07 606.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.25 606.10 Td (Forward ) Tj ET Q q 0 0 0 rg BT 260.87 606.10 Td (Looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 594.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 91.38 594.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.66 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.38 594.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 138.88 594.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 163.05 594.10 Td (10-K.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 572.10 Td (Selected ) Tj ET Q q 0 0 0 rg BT 82.49 572.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 131.38 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.88 572.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 176.38 572.10 Td (Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 228.60 572.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 550.10 Td (e ) Tj ET Q q 0 0 0 rg BT 61.38 550.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 94.66 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.30 550.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.58 550.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 195.10 550.10 Td (using ) Tj ET Q q 0 0 0 rg BT 220.07 550.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 241.16 550.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 267.28 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 273.08 550.10 Td (From ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 538.10 Td (time ) Tj ET Q q 0 0 0 rg BT 66.65 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 78.31 538.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 102.46 538.10 Td (we ) Tj ET Q q 0 0 0 rg BT 118.00 538.10 Td (may ) Tj ET Q q 0 0 0 rg BT 139.09 538.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 175.19 538.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 206.27 538.10 Td (“non-GAAP) Tj ET Q q 0 0 0 rg BT 255.89 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.77 538.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 526.10 Td (measures” ) Tj ET Q q 0 0 0 rg BT 90.29 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.72 526.10 Td (this ) Tj ET Q q 0 0 0 rg BT 119.82 526.10 Td (document ) Tj ET Q q 0 0 0 rg BT 162.90 526.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.88 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.31 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.17 526.10 Td (course ) Tj ET Q q 0 0 0 rg BT 231.92 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.90 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.88 526.10 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 514.10 Td (releases, ) Tj ET Q q 0 0 0 rg BT 86.99 514.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 128.72 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.00 514.10 Td (other ) Tj ET Q q 0 0 0 rg BT 179.40 514.10 Td (conference ) Tj ET Q q 0 0 0 rg BT 231.10 514.10 Td (calls, ) Tj ET Q q 0 0 0 rg BT 259.77 514.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 502.10 Td (presentations, ) Tj ET Q q 0 0 0 rg BT 101.63 502.10 Td (definitive ) Tj ET Q q 0 0 0 rg BT 141.32 502.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 166.01 502.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 205.70 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.50 502.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 263.95 502.10 Td (A) Tj ET Q q 0 0 0 rg BT 270.62 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.98 502.10 Td (“non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 490.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 71.86 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.03 490.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 111.18 490.10 Td (measure” ) Tj ET Q q 0 0 0 rg BT 151.10 490.10 Td (excludes, ) Tj ET Q q 0 0 0 rg BT 190.76 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 201.26 490.10 Td (includes, ) Tj ET Q q 0 0 0 rg BT 239.25 490.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 275.31 490.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 59.26 478.10 Td (most ) Tj ET Q q 0 0 0 rg BT 80.75 478.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 113.34 478.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 162.02 478.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 197.38 478.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 239.95 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.43 478.10 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 56.37 466.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 104.92 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 126.30 466.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 147.67 466.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 173.79 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 179.62 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 188.26 466.10 Td (e ) Tj ET Q q 0 0 0 rg BT 196.29 466.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 233.76 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.57 466.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 294.76 466.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 454.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 83.79 454.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 124.80 454.10 Td (we ) Tj ET Q q 0 0 0 rg BT 140.26 454.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 176.29 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.87 454.10 Td (be ) Tj ET Q q 0 0 0 rg BT 201.12 454.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 229.36 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.94 454.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 256.14 454.10 Td (investors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 442.10 Td (analysts ) Tj ET Q q 0 0 0 rg BT 86.63 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.48 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 140.44 442.10 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 199.83 442.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.25 442.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 267.54 442.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 430.10 Td (transparency ) Tj ET Q q 0 0 0 rg BT 100.44 430.10 Td (about, ) Tj ET Q q 0 0 0 rg BT 129.51 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 142.19 430.10 Td (an ) Tj ET Q q 0 0 0 rg BT 155.99 430.10 Td (alternate ) Tj ET Q q 0 0 0 rg BT 194.76 430.10 Td (means ) Tj ET Q q 0 0 0 rg BT 224.66 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.34 430.10 Td (assessing, ) Tj ET Q q 0 0 0 rg BT 281.42 430.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 418.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 84.17 418.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 128.63 418.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 170.58 418.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 203.38 418.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 253.66 418.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 406.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 74.15 406.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 128.85 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 139.68 406.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 168.83 406.10 Td (adequacy) Tj ET Q q 0 0 0 rg BT 205.94 406.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.44 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 384.10 Td (These ) Tj ET Q q 0 0 0 rg BT 71.46 384.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 111.25 384.10 Td (are ) Tj ET Q q 0 0 0 rg BT 126.03 384.10 Td (not ) Tj ET Q q 0 0 0 rg BT 141.39 384.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.75 384.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 199.29 384.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 222.15 384.10 Td (or ) Tj ET Q q 0 0 0 rg BT 233.06 384.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.08 384.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 281.00 384.10 Td (for) Tj ET Q q 0 0 0 rg BT 292.26 384.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 372.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 64.60 372.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 91.45 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.26 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.52 372.10 Td (may ) Tj ET Q q 0 0 0 rg BT 128.55 372.10 Td (be ) Tj ET Q q 0 0 0 rg BT 139.80 372.10 Td (dif) Tj ET Q q 0 0 0 rg BT 150.73 372.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 175.85 372.10 Td (from ) Tj ET Q q 0 0 0 rg BT 197.10 372.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.25 372.10 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 256.83 372.10 Td (with ) Tj ET Q q 0 0 0 rg BT 276.43 372.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 360.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 71.86 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.09 360.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 111.31 360.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 150.75 360.10 Td (used ) Tj ET Q q 0 0 0 rg BT 171.31 360.10 Td (by ) Tj ET Q q 0 0 0 rg BT 183.55 360.10 Td (other ) Tj ET Q q 0 0 0 rg BT 206.33 360.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 253.67 360.10 Td (Whenever ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 348.10 Td (we ) Tj ET Q q 0 0 0 rg BT 61.96 348.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 86.13 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.21 348.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.94 348.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 154.13 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.43 348.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.71 348.10 Td (measure, ) Tj ET Q q 0 0 0 rg BT 240.82 348.10 Td (we ) Tj ET Q q 0 0 0 rg BT 257.78 348.10 Td (will ) Tj ET Q q 0 0 0 rg BT 278.64 348.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 336.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 86.70 336.10 Td (define ) Tj ET Q q 0 0 0 rg BT 116.18 336.10 Td (it ) Tj ET Q q 0 0 0 rg BT 126.23 336.10 Td (or ) Tj ET Q q 0 0 0 rg BT 139.05 336.10 Td (present ) Tj ET Q q 0 0 0 rg BT 172.42 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.13 336.10 Td (most ) Tj ET Q q 0 0 0 rg BT 213.08 336.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 248.11 336.10 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 324.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 82.50 324.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 118.34 324.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 161.39 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.35 324.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 219.19 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.49 324.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 276.97 324.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 312.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 67.68 312.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 93.80 312.10 Td (, ) Tj ET Q q 0 0 0 rg BT 101.19 312.10 Td (along ) Tj ET Q q 0 0 0 rg BT 128.30 312.10 Td (with ) Tj ET Q q 0 0 0 rg BT 150.98 312.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.31 312.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 220.18 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.41 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.52 312.10 Td (dif) Tj ET Q q 0 0 0 rg BT 261.45 312.10 Td (ferences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 300.10 Td (between ) Tj ET Q q 0 0 0 rg BT 80.75 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.39 300.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 115.61 300.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 142.46 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.89 300.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.30 300.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 218.05 300.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.92 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.57 300.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 294.75 300.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 288.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 82.48 288.10 Td (measure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.30 288.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 266.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.51 266.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 102.02 266.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 147.20 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.17 266.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 188.11 266.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 228.28 266.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 269.56 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.30 266.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 254.10 Td (document ) Tj ET Q q 0 0 0 rg BT 86.93 254.10 Td (are ) Tj ET Q q 0 0 0 rg BT 101.64 254.10 Td (set ) Tj ET Q q 0 0 0 rg BT 115.25 254.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 137.19 254.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.47 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.18 254.10 Td (following ) Tj ET Q q 0 0 0 rg BT 203.57 254.10 Td (tables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.39 254.10 Td ( ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 722.85 Td (Reconciliations ) Tj ET Q q 0 0 0 rg BT 383.65 722.85 Td (from ) Tj ET Q q 0 0 0 rg BT 406.12 722.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 426.23 722.85 Td (GAAP) Tj ET Q q 0 0 0 rg BT 450.64 722.85 Td ( ) Tj ET Q q 0 0 0 rg BT 454.22 722.85 Td (to ) Tj ET Q q 0 0 0 rg BT 465.82 722.85 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 509.58 722.85 Td ( ) Tj ET Q q 0 0 0 rg BT 513.16 722.85 Td (Consolidated ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 712.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 356.46 712.65 Td (Measures) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 683.15 m 514.75 683.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 683.15 m 567.75 683.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 671.15 m 461.75 671.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 683.15 m 514.75 683.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 671.15 m 514.75 671.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 683.15 m 567.75 683.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 671.15 m 567.75 671.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 671.15 m 514.75 671.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 658.15 m 514.75 658.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 671.15 m 567.75 671.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 658.15 m 567.75 658.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 658.15 m 461.75 658.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 646.15 m 461.75 646.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 658.15 m 514.75 658.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 646.15 m 514.75 646.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 658.15 m 567.75 658.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 646.15 m 567.75 646.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 627.15 m 461.75 627.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 627.15 m 514.75 627.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 627.15 m 567.75 627.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 627.15 m 461.75 627.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 609.15 m 461.75 609.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 627.15 m 514.75 627.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 609.15 m 514.75 609.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 627.15 m 567.75 627.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 609.15 m 567.75 609.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 609.15 m 461.75 609.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 597.15 m 461.75 597.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 609.15 m 514.75 609.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 597.15 m 514.75 597.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 597.15 m 567.75 597.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 597.15 m 461.75 597.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 578.15 m 461.75 578.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 597.15 m 514.75 597.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 578.15 m 514.75 578.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 597.15 m 567.75 597.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 578.15 m 567.75 578.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 578.15 m 514.75 578.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 560.15 m 514.75 560.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 578.15 m 567.75 578.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 560.15 m 567.75 560.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 560.15 m 461.75 560.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 548.15 m 461.75 548.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 560.15 m 514.75 560.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 548.15 m 514.75 548.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 560.15 m 567.75 560.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 548.15 m 567.75 548.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 529.15 m 461.75 529.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 548.15 m 514.75 548.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 529.15 m 514.75 529.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 548.15 m 567.75 548.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 529.15 m 567.75 529.15 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 687.15 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 481.55 694.15 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 498.65 687.15 Td (March 31,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 674.93 Td ($ in millions, except per share data) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 479.95 675.15 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.95 675.15 Td (2019) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 662.85 Td (Net income applicable to Morgan Stanley) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.25 662.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.45 662.15 Td (1,698) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.25 662.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 543.45 662.15 Td (2,429) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 650.55 Td (Impact of adjustments) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 497.85 650.15 Td (\(31) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 508.00 650.15 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.95 650.15 Td (\(101) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 561.00 650.15 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 638.15 Td (Adjusted net income applicable to Morgan ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 631.15 Td (Stanley—non-GAAP) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 388.56 634.49 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.25 631.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.45 631.15 Td (1,667) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.25 631.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 543.45 631.15 Td (2,328) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 613.15 Td (Earnings per diluted common share) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.25 613.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.35 613.15 Td (1.01) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.25 613.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 547.35 613.15 Td (1.39) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 601.55 Td (Impact of adjustments) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 492.00 601.15 Td (\(0.02) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 508.00 601.15 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 545.00 601.15 Td (\(0.06) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 561.00 601.15 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 589.15 Td (Adjusted earnings per diluted common ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 582.15 Td (share—non-GAAP) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 382.72 585.49 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.25 582.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.35 582.15 Td (0.99) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.25 582.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 547.35 582.15 Td (1.33) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 564.15 Td (Effective income tax rate) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.35 564.15 Td (17.1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 508.00 564.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 547.35 564.15 Td (16.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 561.00 564.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 552.55 Td (Impact of adjustments) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 498.25 552.15 Td (1.4) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 508.00 552.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 551.25 552.15 Td (3.4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 561.00 552.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 540.15 Td (Adjusted ef) Tj ET Q q 0 0 0 rg BT 355.15 540.15 Td (fective income tax rate—) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 329.25 533.15 Td (non-GAAP) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 362.71 536.49 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.35 533.15 Td (18.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 508.00 533.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 547.35 533.15 Td (19.9) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 561.00 533.15 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 509.15 m 513.75 509.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 509.15 m 566.75 509.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 497.15 m 513.75 497.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 497.15 m 566.75 497.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 485.15 m 460.75 485.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 497.15 m 513.75 497.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 485.15 m 513.75 485.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 497.15 m 566.75 497.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 485.15 m 566.75 485.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 485.15 m 460.75 485.15 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 461.15 m 460.75 461.15 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 461.15 m 513.75 461.15 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 461.15 m 566.75 461.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 449.15 m 460.75 449.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 449.15 m 513.75 449.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 449.15 m 566.75 449.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 430.15 m 460.75 430.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 430.15 m 513.75 430.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 430.15 m 566.75 430.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 418.15 m 460.75 418.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 430.15 m 513.75 430.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 418.15 m 513.75 418.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 430.15 m 566.75 430.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 418.15 m 566.75 418.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 418.15 m 460.75 418.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 406.15 m 460.75 406.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 406.15 m 513.75 406.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 406.15 m 566.75 406.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 406.15 m 460.75 406.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 387.15 m 460.75 387.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 387.15 m 513.75 387.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 387.15 m 566.75 387.15 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 473.40 511.55 Td (A) Tj ET Q q 0 0 0 rg BT 478.01 511.55 Td (verage Monthly Balance) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 501.15 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 464.00 501.15 Td (Three Months Ended March 31,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 488.93 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 478.95 489.15 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 531.95 489.15 Td (2019) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 477.15 Td (T) Tj ET Q q 0 0 0 rg BT 324.01 477.15 Td (angible equity) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 465.15 Td (Morgan Stanley shareholders' equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.25 465.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 489.45 465.15 Td (83,244) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 516.25 465.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.45 465.15 Td (80,1) Tj ET Q q 0 0 0 rg BT 556.07 465.15 Td (15) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 453.55 Td (Less: Goodwill and net intangible assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 491.05 453.15 Td (\(9,200) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.90 453.15 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 544.05 453.15 Td (\(8,806) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 563.90 453.15 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 441.55 Td (T) Tj ET Q q 0 0 0 rg BT 324.27 441.55 Td (angible Morgan Stanley shareholders') Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 434.55 Td (equity—Non-GAAP) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.25 434.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 489.45 434.15 Td (74,044) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 516.25 434.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.45 434.15 Td (71,309) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 422.15 Td (Common shareholders' equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.25 422.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 489.45 422.15 Td (74,724) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 516.25 422.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.45 422.15 Td (71,595) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 410.55 Td (Less: Goodwill and net intangible assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 491.05 410.15 Td (\(9,200) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.90 410.15 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 544.05 410.15 Td (\(8,806) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 563.90 410.15 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 398.55 Td (T) Tj ET Q q 0 0 0 rg BT 324.01 398.55 Td (angible common shareholders' equity—) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 391.55 Td (Non-GAAP) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.25 391.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 489.45 391.15 Td (65,524) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 516.25 391.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.45 391.15 Td (62,789) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 358.15 m 513.75 358.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 358.15 m 566.75 358.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 346.15 m 460.75 346.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 358.15 m 513.75 358.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 346.15 m 513.75 346.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 358.15 m 566.75 358.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 346.15 m 566.75 346.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 346.15 m 460.75 346.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 322.15 m 460.75 322.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 322.15 m 513.75 322.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 322.15 m 566.75 322.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 310.15 m 460.75 310.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 310.15 m 513.75 310.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 310.15 m 566.75 310.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 310.15 m 460.75 310.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 286.15 m 460.75 286.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 286.15 m 513.75 286.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 286.15 m 566.75 286.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 274.15 m 460.75 274.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 274.15 m 513.75 274.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 274.15 m 566.75 274.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 274.15 m 460.75 274.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 250.14999999999998 m 460.75 250.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 250.14999999999998 m 513.75 250.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 250.14999999999998 m 566.75 250.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 238.14999999999998 m 460.75 238.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 238.14999999999998 m 513.75 238.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 238.14999999999998 m 566.75 238.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 214.14999999999998 m 460.75 214.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 214.14999999999998 m 513.75 214.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 214.14999999999998 m 566.75 214.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 202.14999999999998 m 460.75 202.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 202.14999999999998 m 513.75 202.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 202.14999999999998 m 566.75 202.14999999999998 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 362.15 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 480.55 369.15 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 497.65 362.15 Td (March 31,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 349.93 Td ($ in billions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 478.95 350.15 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 531.95 350.15 Td (2019) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 338.55 Td (A) Tj ET Q q 0 0 0 rg BT 325.05 338.55 Td (verage common equity) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 326.55 Td (Unadjusted—GAAP) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.25 326.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 493.35 326.15 Td (74.7) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 516.25 326.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.35 326.15 Td (71.6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 314.15 Td (Adjusted) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 347.49 317.49 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 350.02 314.15 Td (—Non-GAAP) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 493.35 314.15 Td (74.7) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.35 314.15 Td (71.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 302.15 Td (ROE) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 335.42 305.49 Td (2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 290.55 Td (Unadjusted—GAAP) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 497.25 290.15 Td (8.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 507.00 290.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.35 290.15 Td (13.1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 560.00 290.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 278.15 Td (Adjusted—Non-GAAP) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 389.12 281.49 Td (1, 3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 497.25 278.15 Td (8.3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 507.00 278.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.35 278.15 Td (12.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 560.00 278.15 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 266.55 Td (A) Tj ET Q q 0 0 0 rg BT 325.05 266.55 Td (verage tangible common equity—Non-GAAP) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 254.55 Td (Unadjusted) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.25 254.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 493.35 254.15 Td (65.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 516.25 254.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.35 254.15 Td (62.8) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 242.15 Td (Adjusted) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 347.49 245.49 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 493.35 242.15 Td (65.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.35 242.15 Td (62.7) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 230.15 Td (ROTCE) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 344.75 233.49 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 347.28 230.15 Td (—Non-GAAP) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 218.55 Td (Unadjusted) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 497.25 218.15 Td (9.7) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 507.00 218.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.35 218.15 Td (14.9) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 560.00 218.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 206.15 Td (Adjusted) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 347.49 209.49 Td (1, 3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 497.25 206.15 Td (9.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 507.00 206.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.35 206.15 Td (14.2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 560.00 206.15 Td (%) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I28 Do Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 722.85 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 88.76 722.85 Td ( Financial Measures by Business Segment) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 692.35 m 242.5 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 692.35 m 295.5 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 679.35 m 189.5 679.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 692.35 m 242.5 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 679.35 m 242.5 679.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 692.35 m 295.5 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 679.35 m 295.5 679.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 653.35 m 189.5 653.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 653.35 m 242.5 653.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 653.35 m 295.5 653.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 641.35 m 189.5 641.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 629.35 m 189.5 629.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 641.35 m 242.5 641.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 629.35 m 242.5 629.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 641.35 m 295.5 641.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 629.35 m 295.5 629.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 603.35 m 189.5 603.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 603.35 m 242.5 603.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 603.35 m 295.5 603.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 591.35 m 189.5 591.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 578.35 m 189.5 578.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 591.35 m 242.5 591.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 578.35 m 242.5 578.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 591.35 m 295.5 591.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 578.35 m 295.5 578.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 552.35 m 189.5 552.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 552.35 m 242.5 552.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 552.35 m 295.5 552.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 540.35 m 189.5 540.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 528.35 m 189.5 528.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 540.35 m 242.5 540.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 528.35 m 242.5 528.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 540.35 m 295.5 540.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 528.35 m 295.5 528.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 502.35 m 189.5 502.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 502.35 m 242.5 502.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 502.35 m 295.5 502.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 490.35 m 189.5 490.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 478.35 m 189.5 478.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 490.35 m 242.5 490.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 478.35 m 242.5 478.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 490.35 m 295.5 490.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 478.35 m 295.5 478.35 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 696.35 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 206.95 703.94 Td (Three Months Ended) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 225.30 696.44 Td (March 31,) Tj ET Q BT /F8 6.50 Tf ET q 0 0 0 rg BT 48.00 683.22 Td ($ in billions) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 207.15 683.44 Td (2020) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 260.15 683.44 Td (2019) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 48.00 669.44 Td (A) Tj ET Q q 0 0 0 rg BT 53.14 669.44 Td (verage common equity) Tj ET Q BT /F6 7.50 Tf ET BT /F6 4.87 Tf ET q 0 0 0 rg BT 134.83 673.02 Td (4, 5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 657.39 Td (Institutional Securities) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 192.00 657.39 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 220.70 657.39 Td (42.8) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 245.00 657.39 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.70 657.39 Td (40.4) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 645.39 Td (W) Tj ET Q q 0 0 0 rg BT 55.01 645.39 Td (ealth Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 220.70 645.39 Td (18.2) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.70 645.39 Td (18.2) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 633.39 Td (Investment Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 224.85 633.39 Td (2.6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 277.85 633.39 Td (2.5) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 48.00 619.44 Td (A) Tj ET Q q 0 0 0 rg BT 53.14 619.44 Td (verage tangible common equity) Tj ET Q BT /F6 7.50 Tf ET BT /F6 4.87 Tf ET q 0 0 0 rg BT 165.67 623.02 Td (4, 5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 607.39 Td (Institutional Securities) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 192.00 607.39 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 220.70 607.39 Td (42.3) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 245.00 607.39 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.70 607.39 Td (39.9) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 595.39 Td (W) Tj ET Q q 0 0 0 rg BT 55.01 595.39 Td (ealth Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 220.70 595.39 Td (10.4) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.70 595.39 Td (10.2) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 582.44 Td (Investment Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 224.85 582.44 Td (1.7) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 277.85 582.44 Td (1.5) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 48.00 568.44 Td (ROE) Tj ET Q BT /F6 7.50 Tf ET BT /F6 4.87 Tf ET q 0 0 0 rg BT 64.25 572.02 Td (6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 556.39 Td (Institutional Securities) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 224.85 556.39 Td (6.3) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 235.30 556.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.70 556.39 Td (12.9) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 288.30 556.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 544.39 Td (W) Tj ET Q q 0 0 0 rg BT 55.01 544.39 Td (ealth Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 220.70 544.39 Td (18.5) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 235.30 544.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.70 544.39 Td (19.8) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 288.30 544.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 532.39 Td (Investment Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 220.70 532.39 Td (1) Tj ET Q q 0 0 0 rg BT 224.87 532.39 Td (1.7) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 235.30 532.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.70 532.39 Td (21.9) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 288.30 532.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 48.00 518.44 Td (ROTCE) Tj ET Q BT /F6 7.50 Tf ET BT /F6 4.87 Tf ET q 0 0 0 rg BT 74.25 522.02 Td (6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 506.39 Td (Institutional Securities) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 224.85 506.39 Td (6.4) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 235.30 506.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.70 506.39 Td (13.0) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 288.30 506.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 494.39 Td (W) Tj ET Q q 0 0 0 rg BT 55.01 494.39 Td (ealth Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 220.70 494.39 Td (32.3) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 235.30 494.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.70 494.39 Td (35.6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 288.30 494.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 48.00 482.39 Td (Investment Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 220.70 482.39 Td (18.1) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 235.30 482.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.70 482.39 Td (35.3) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 288.30 482.39 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 45.00 471.05 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 463.25 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 463.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 81.19 463.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 108.01 463.25 Td (exclude ) Tj ET Q q 0 0 0 rg BT 132.30 463.25 Td (net ) Tj ET Q q 0 0 0 rg BT 143.23 463.25 Td (discrete ) Tj ET Q q 0 0 0 rg BT 167.88 463.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 178.44 463.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 209.60 463.25 Td (\(benefits\) ) Tj ET Q q 0 0 0 rg BT 238.58 463.25 Td (that ) Tj ET Q q 0 0 0 rg BT 251.32 463.25 Td (are ) Tj ET Q q 0 0 0 rg BT 262.60 463.25 Td (intermittent ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 455.45 Td (and ) Tj ET Q q 0 0 0 rg BT 67.25 455.45 Td (include ) Tj ET Q q 0 0 0 rg BT 90.26 455.45 Td (those ) Tj ET Q q 0 0 0 rg BT 108.57 455.45 Td (that ) Tj ET Q q 0 0 0 rg BT 121.82 455.45 Td (are ) Tj ET Q q 0 0 0 rg BT 133.62 455.45 Td (recurring. ) Tj ET Q q 0 0 0 rg BT 163.48 455.45 Td (Provisions ) Tj ET Q q 0 0 0 rg BT 195.87 455.45 Td (\(benefits\) ) Tj ET Q q 0 0 0 rg BT 225.38 455.45 Td (related ) Tj ET Q q 0 0 0 rg BT 247.66 455.45 Td (to ) Tj ET Q q 0 0 0 rg BT 255.49 455.45 Td (conversion ) Tj ET Q q 0 0 0 rg BT 289.33 455.45 Td (of ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 447.65 Td (employee ) Tj ET Q q 0 0 0 rg BT 84.30 447.65 Td (share-based ) Tj ET Q q 0 0 0 rg BT 122.55 447.65 Td (awards ) Tj ET Q q 0 0 0 rg BT 145.63 447.65 Td (are ) Tj ET Q q 0 0 0 rg BT 157.14 447.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 185.64 447.65 Td (to ) Tj ET Q q 0 0 0 rg BT 193.17 447.65 Td (occur ) Tj ET Q q 0 0 0 rg BT 211.19 447.65 Td (every ) Tj ET Q q 0 0 0 rg BT 229.20 447.65 Td (year ) Tj ET Q q 0 0 0 rg BT 243.96 447.65 Td (and, ) Tj ET Q q 0 0 0 rg BT 258.73 447.65 Td (as ) Tj ET Q q 0 0 0 rg BT 267.71 447.65 Td (such, ) Tj ET Q q 0 0 0 rg BT 285.36 447.65 Td (are ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 439.85 Td (considered ) Tj ET Q q 0 0 0 rg BT 87.23 439.85 Td (recurring ) Tj ET Q q 0 0 0 rg BT 114.30 439.85 Td (discrete ) Tj ET Q q 0 0 0 rg BT 138.49 439.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 148.58 439.85 Td (items. ) Tj ET Q q 0 0 0 rg BT 167.34 439.85 Td (For ) Tj ET Q q 0 0 0 rg BT 178.52 439.85 Td (further ) Tj ET Q q 0 0 0 rg BT 198.73 439.85 Td (information ) Tj ET Q q 0 0 0 rg BT 232.31 439.85 Td (on ) Tj ET Q q 0 0 0 rg BT 240.97 439.85 Td (the ) Tj ET Q q 0 0 0 rg BT 251.43 439.85 Td (net ) Tj ET Q q 0 0 0 rg BT 261.89 439.85 Td (discrete ) Tj ET Q q 0 0 0 rg BT 286.08 439.85 Td (tax ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 432.05 Td (provisions ) Tj ET Q q 0 0 0 rg BT 84.69 432.05 Td (\(benefits\), ) Tj ET Q q 0 0 0 rg BT 115.02 432.05 Td (see) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 125.50 432.05 Td ( ) Tj ET Q q 0 0 0 rg BT 126.93 432.05 Td (“) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 129.09 432.05 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 170.27 432.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 197.71 432.05 Td (Information—Income ) Tj ET Q q 0 0 0 rg BT 259.38 432.05 Td (T) Tj ET Q q 0 0 0 rg BT 262.63 432.05 Td (ax ) Tj ET Q q 0 0 0 rg BT 270.92 432.05 Td (Matters) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 292.59 432.05 Td (” ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 424.25 Td (herein.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 416.45 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 416.45 Td (ROE ) Tj ET Q q 0 0 0 rg BT 71.51 416.45 Td (and ) Tj ET Q q 0 0 0 rg BT 85.78 416.45 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 111.95 416.45 Td (represent ) Tj ET Q q 0 0 0 rg BT 142.84 416.45 Td (annualized ) Tj ET Q q 0 0 0 rg BT 177.71 416.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 206.06 416.45 Td (applicable ) Tj ET Q q 0 0 0 rg BT 238.76 416.45 Td (to ) Tj ET Q q 0 0 0 rg BT 247.61 416.45 Td (Morgan ) Tj ET Q q 0 0 0 rg BT 273.07 416.45 Td (Stanley ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 408.65 Td (common ) Tj ET Q q 0 0 0 rg BT 81.90 408.65 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 122.45 408.65 Td (as ) Tj ET Q q 0 0 0 rg BT 132.29 408.65 Td (a ) Tj ET Q q 0 0 0 rg BT 138.87 408.65 Td (percentage ) Tj ET Q q 0 0 0 rg BT 174.37 408.65 Td (of ) Tj ET Q q 0 0 0 rg BT 182.76 408.65 Td (average ) Tj ET Q q 0 0 0 rg BT 209.23 408.65 Td (common ) Tj ET Q q 0 0 0 rg BT 237.12 408.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 257.44 408.65 Td (and ) Tj ET Q q 0 0 0 rg BT 271.26 408.65 Td (average ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 400.85 Td (tangible ) Tj ET Q q 0 0 0 rg BT 79.18 400.85 Td (common ) Tj ET Q q 0 0 0 rg BT 106.51 400.85 Td (equity) Tj ET Q q 0 0 0 rg BT 123.38 400.85 Td (, ) Tj ET Q q 0 0 0 rg BT 127.59 400.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 161.43 400.85 Td (. ) Tj ET Q q 0 0 0 rg BT 165.64 400.85 Td (When ) Tj ET Q q 0 0 0 rg BT 185.03 400.85 Td (excluding ) Tj ET Q q 0 0 0 rg BT 214.91 400.85 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 249.47 400.85 Td (net ) Tj ET Q q 0 0 0 rg BT 260.92 400.85 Td (discrete ) Tj ET Q q 0 0 0 rg BT 286.08 400.85 Td (tax ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 393.05 Td (provisions ) Tj ET Q q 0 0 0 rg BT 85.07 393.05 Td (\(benefits\), ) Tj ET Q q 0 0 0 rg BT 115.78 393.05 Td (both ) Tj ET Q q 0 0 0 rg BT 130.24 393.05 Td (the ) Tj ET Q q 0 0 0 rg BT 141.08 393.05 Td (numerator ) Tj ET Q q 0 0 0 rg BT 172.51 393.05 Td (and ) Tj ET Q q 0 0 0 rg BT 185.16 393.05 Td (average ) Tj ET Q q 0 0 0 rg BT 210.46 393.05 Td (denominator ) Tj ET Q q 0 0 0 rg BT 248.40 393.05 Td (are ) Tj ET Q q 0 0 0 rg BT 259.60 393.05 Td (adjusted) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 284.18 393.05 Td (.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 385.25 Td (3. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 385.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.42 385.25 Td (calculations ) Tj ET Q q 0 0 0 rg BT 103.61 385.25 Td (used ) Tj ET Q q 0 0 0 rg BT 119.92 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 127.20 385.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 163.39 385.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.01 385.25 Td (“ROE ) Tj ET Q q 0 0 0 rg BT 193.48 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.54 385.25 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 231.37 385.25 Td (T) Tj ET Q q 0 0 0 rg BT 234.62 385.25 Td (argets” ) Tj ET Q q 0 0 0 rg BT 257.07 385.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 282.05 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.70 385.25 Td (in ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 377.45 Td (the ) Tj ET Q q 0 0 0 rg BT 64.79 377.45 Td (following ) Tj ET Q q 0 0 0 rg BT 91.84 377.45 Td (section ) Tj ET Q q 0 0 0 rg BT 114.18 377.45 Td (are ) Tj ET Q q 0 0 0 rg BT 125.33 377.45 Td (the ) Tj ET Q q 0 0 0 rg BT 135.77 377.45 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 162.82 377.45 Td (ROE ) Tj ET Q q 0 0 0 rg BT 178.66 377.45 Td (and ) Tj ET Q q 0 0 0 rg BT 190.91 377.45 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 217.96 377.45 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 242.46 377.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 269.15 377.45 Td (shown ) Tj ET Q q 0 0 0 rg BT 289.69 377.45 Td (in ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 369.65 Td (this ) Tj ET Q q 0 0 0 rg BT 65.92 369.65 Td (table.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 81.82 369.65 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 361.85 Td (4. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 361.85 Td (A) Tj ET Q q 0 0 0 rg BT 58.22 361.85 Td (verage ) Tj ET Q q 0 0 0 rg BT 80.86 361.85 Td (common ) Tj ET Q q 0 0 0 rg BT 108.55 361.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 128.67 361.85 Td (and ) Tj ET Q q 0 0 0 rg BT 142.28 361.85 Td (average ) Tj ET Q q 0 0 0 rg BT 168.54 361.85 Td (tangible ) Tj ET Q q 0 0 0 rg BT 194.07 361.85 Td (common ) Tj ET Q q 0 0 0 rg BT 221.77 361.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 241.88 361.85 Td (for ) Tj ET Q q 0 0 0 rg BT 252.23 361.85 Td (each ) Tj ET Q q 0 0 0 rg BT 269.10 361.85 Td (business ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 354.05 Td (segment ) Tj ET Q q 0 0 0 rg BT 81.64 354.05 Td (is ) Tj ET Q q 0 0 0 rg BT 89.04 354.05 Td (determined ) Tj ET Q q 0 0 0 rg BT 124.27 354.05 Td (using ) Tj ET Q q 0 0 0 rg BT 142.51 354.05 Td (our ) Tj ET Q q 0 0 0 rg BT 154.61 354.05 Td (Required ) Tj ET Q q 0 0 0 rg BT 183.70 354.05 Td (Capital ) Tj ET Q q 0 0 0 rg BT 206.64 354.05 Td (framework ) Tj ET Q q 0 0 0 rg BT 239.69 354.05 Td (\(see) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 252.33 354.05 Td ( ) Tj ET Q q 0 0 0 rg BT 255.04 354.05 Td (") Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 257.35 354.05 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 283.90 354.05 Td (and ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 346.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 78.27 346.25 Td (Resources—Regulatory ) Tj ET Q q 0 0 0 rg BT 151.32 346.25 Td (Requirements—Attribution ) Tj ET Q q 0 0 0 rg BT 231.59 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.25 346.25 Td (A) Tj ET Q q 0 0 0 rg BT 244.47 346.25 Td (verage ) Tj ET Q q 0 0 0 rg BT 268.38 346.25 Td (Common ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 338.45 Td (Equity ) Tj ET Q q 0 0 0 rg BT 73.51 338.45 Td (According ) Tj ET Q q 0 0 0 rg BT 104.23 338.45 Td (to ) Tj ET Q q 0 0 0 rg BT 111.45 338.45 Td (the ) Tj ET Q q 0 0 0 rg BT 122.30 338.45 Td (Required ) Tj ET Q q 0 0 0 rg BT 150.48 338.45 Td (Capital ) Tj ET Q q 0 0 0 rg BT 172.52 338.45 Td (Framework) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 205.03 338.45 Td (” ) Tj ET Q q 0 0 0 rg BT 209.00 338.45 Td (herein\).) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 330.65 Td (5. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 330.65 Td (The ) Tj ET Q q 0 0 0 rg BT 67.20 330.65 Td (sums ) Tj ET Q q 0 0 0 rg BT 84.72 330.65 Td (of ) Tj ET Q q 0 0 0 rg BT 92.13 330.65 Td (the ) Tj ET Q q 0 0 0 rg BT 103.17 330.65 Td (segments' ) Tj ET Q q 0 0 0 rg BT 134.19 330.65 Td (A) Tj ET Q q 0 0 0 rg BT 138.40 330.65 Td (verage ) Tj ET Q q 0 0 0 rg BT 160.27 330.65 Td (common ) Tj ET Q q 0 0 0 rg BT 187.19 330.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 206.53 330.65 Td (and ) Tj ET Q q 0 0 0 rg BT 218.98 330.65 Td (A) Tj ET Q q 0 0 0 rg BT 223.19 330.65 Td (verage ) Tj ET Q q 0 0 0 rg BT 245.06 330.65 Td (tangible ) Tj ET Q q 0 0 0 rg BT 269.83 330.65 Td (common ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 322.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 73.15 322.85 Td (do ) Tj ET Q q 0 0 0 rg BT 82.19 322.85 Td (not ) Tj ET Q q 0 0 0 rg BT 93.03 322.85 Td (equal ) Tj ET Q q 0 0 0 rg BT 110.74 322.85 Td (the ) Tj ET Q q 0 0 0 rg BT 121.59 322.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 161.34 322.85 Td (measures ) Tj ET Q q 0 0 0 rg BT 191.68 322.85 Td (due ) Tj ET Q q 0 0 0 rg BT 204.34 322.85 Td (to ) Tj ET Q q 0 0 0 rg BT 211.56 322.85 Td (Parent ) Tj ET Q q 0 0 0 rg BT 232.52 322.85 Td (equity) Tj ET Q q 0 0 0 rg BT 249.39 322.85 Td (.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 251.19 322.85 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 315.05 Td (6. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 315.05 Td (The ) Tj ET Q q 0 0 0 rg BT 68.73 315.05 Td (calculation ) Tj ET Q q 0 0 0 rg BT 102.96 315.05 Td (of ) Tj ET Q q 0 0 0 rg BT 111.91 315.05 Td (ROE ) Tj ET Q q 0 0 0 rg BT 129.52 315.05 Td (and ) Tj ET Q q 0 0 0 rg BT 143.89 315.05 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 170.16 315.05 Td (by ) Tj ET Q q 0 0 0 rg BT 180.55 315.05 Td (segment ) Tj ET Q q 0 0 0 rg BT 209.01 315.05 Td (uses ) Tj ET Q q 0 0 0 rg BT 226.26 315.05 Td (annualized ) Tj ET Q q 0 0 0 rg BT 261.23 315.05 Td (net ) Tj ET Q q 0 0 0 rg BT 273.79 315.05 Td (income ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 307.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 85.06 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.26 307.25 Td (Morgan ) Tj ET Q q 0 0 0 rg BT 116.08 307.25 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 139.54 307.25 Td (by ) Tj ET Q q 0 0 0 rg BT 148.19 307.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 174.90 307.25 Td (less ) Tj ET Q q 0 0 0 rg BT 188.24 307.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 216.40 307.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 245.65 307.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 273.45 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.65 307.25 Td (each ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 299.45 Td (segment ) Tj ET Q q 0 0 0 rg BT 80.71 299.45 Td (as ) Tj ET Q q 0 0 0 rg BT 89.36 299.45 Td (a ) Tj ET Q q 0 0 0 rg BT 94.76 299.45 Td (percentage ) Tj ET Q q 0 0 0 rg BT 129.06 299.45 Td (of ) Tj ET Q q 0 0 0 rg BT 136.27 299.45 Td (average ) Tj ET Q q 0 0 0 rg BT 161.54 299.45 Td (common ) Tj ET Q q 0 0 0 rg BT 188.25 299.45 Td (equity ) Tj ET Q q 0 0 0 rg BT 207.37 299.45 Td (and ) Tj ET Q q 0 0 0 rg BT 220.00 299.45 Td (average ) Tj ET Q q 0 0 0 rg BT 245.27 299.45 Td (tangible ) Tj ET Q q 0 0 0 rg BT 269.82 299.45 Td (common ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 291.65 Td (equity) Tj ET Q q 0 0 0 rg BT 70.86 291.65 Td (, ) Tj ET Q q 0 0 0 rg BT 74.48 291.65 Td (respectively) Tj ET Q q 0 0 0 rg BT 108.31 291.65 Td (, ) Tj ET Q q 0 0 0 rg BT 111.93 291.65 Td (allocated ) Tj ET Q q 0 0 0 rg BT 139.75 291.65 Td (to ) Tj ET Q q 0 0 0 rg BT 146.98 291.65 Td (each ) Tj ET Q q 0 0 0 rg BT 162.88 291.65 Td (segment.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 189.62 291.65 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.25 722.25 Td (Return ) Tj ET Q q 0 0 0 rg BT 350.30 722.25 Td (on ) Tj ET Q q 0 0 0 rg BT 363.18 722.25 Td (T) Tj ET Q q 0 0 0 rg BT 368.93 722.25 Td (angible ) Tj ET Q q 0 0 0 rg BT 402.55 722.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 444.50 722.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 475.72 722.25 Td (T) Tj ET Q q 0 0 0 rg BT 481.47 722.25 Td (arget) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 700.25 Td (In ) Tj ET Q q 0 0 0 rg BT 328.59 700.25 Td (January ) Tj ET Q q 0 0 0 rg BT 362.69 700.25 Td (2020, ) Tj ET Q q 0 0 0 rg BT 388.20 700.25 Td (we ) Tj ET Q q 0 0 0 rg BT 402.87 700.25 Td (established ) Tj ET Q q 0 0 0 rg BT 450.31 700.25 Td (an ) Tj ET Q q 0 0 0 rg BT 462.76 700.25 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 498.33 700.25 Td (T) Tj ET Q q 0 0 0 rg BT 503.74 700.25 Td (ar) Tj ET Q q 0 0 0 rg BT 511.32 700.25 Td (get ) Tj ET Q q 0 0 0 rg BT 526.55 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.89 700.25 Td (13% ) Tj ET Q q 0 0 0 rg BT 559.23 700.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 688.25 Td (15% ) Tj ET Q q 0 0 0 rg BT 338.08 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.36 688.25 Td (be ) Tj ET Q q 0 0 0 rg BT 360.30 688.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 398.33 688.25 Td (over ) Tj ET Q q 0 0 0 rg BT 418.60 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.31 688.25 Td (next ) Tj ET Q q 0 0 0 rg BT 453.03 688.25 Td (two ) Tj ET Q q 0 0 0 rg BT 470.53 688.25 Td (years.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 666.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 336.67 666.25 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 373.04 666.25 Td (T) Tj ET Q q 0 0 0 rg BT 378.45 666.25 Td (ar) Tj ET Q q 0 0 0 rg BT 386.04 666.25 Td (get ) Tj ET Q q 0 0 0 rg BT 402.13 666.25 Td (is ) Tj ET Q q 0 0 0 rg BT 412.67 666.25 Td (a ) Tj ET Q q 0 0 0 rg BT 420.98 666.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 490.39 666.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 532.58 666.25 Td (that ) Tj ET Q q 0 0 0 rg BT 551.45 666.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 654.25 Td (based ) Tj ET Q q 0 0 0 rg BT 342.72 654.25 Td (on ) Tj ET Q q 0 0 0 rg BT 355.41 654.25 Td (a ) Tj ET Q q 0 0 0 rg BT 362.55 654.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 393.57 654.25 Td (market ) Tj ET Q q 0 0 0 rg BT 424.03 654.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 477.27 654.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.41 654.25 Td (may ) Tj ET Q q 0 0 0 rg BT 514.33 654.25 Td (be ) Tj ET Q q 0 0 0 rg BT 526.46 654.25 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 642.25 Td (af) Tj ET Q q 0 0 0 rg BT 324.84 642.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 355.05 642.25 Td (by ) Tj ET Q q 0 0 0 rg BT 370.85 642.25 Td (many ) Tj ET Q q 0 0 0 rg BT 398.86 642.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 434.36 642.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 480.42 642.25 Td (among ) Tj ET Q q 0 0 0 rg BT 513.43 642.25 Td (other ) Tj ET Q q 0 0 0 rg BT 539.77 642.25 Td (things: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 630.25 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 389.85 630.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.03 630.25 Td (market ) Tj ET Q q 0 0 0 rg BT 449.54 630.25 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 502.72 630.25 Td (legislative ) Tj ET Q q 0 0 0 rg BT 552.56 630.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 618.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 364.53 618.25 Td (developments; ) Tj ET Q q 0 0 0 rg BT 429.03 618.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 467.99 618.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 502.50 618.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.12 618.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 606.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 359.06 606.25 Td (volumes; ) Tj ET Q q 0 0 0 rg BT 405.33 606.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 439.92 606.25 Td (market ) Tj ET Q q 0 0 0 rg BT 477.28 606.25 Td (levels; ) Tj ET Q q 0 0 0 rg BT 512.98 606.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 552.01 606.25 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 594.25 Td (environment; ) Tj ET Q q 0 0 0 rg BT 372.49 594.25 Td (outsized ) Tj ET Q q 0 0 0 rg BT 407.74 594.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 429.10 594.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 467.12 594.25 Td (or ) Tj ET Q q 0 0 0 rg BT 477.37 594.25 Td (penalties; ) Tj ET Q q 0 0 0 rg BT 517.62 594.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.75 594.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 559.23 594.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 582.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 354.74 582.25 Td (a ) Tj ET Q q 0 0 0 rg BT 361.68 582.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 395.82 582.25 Td (level ) Tj ET Q q 0 0 0 rg BT 417.76 582.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.59 582.25 Td (expenses; ) Tj ET Q q 0 0 0 rg BT 469.96 582.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.90 582.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 516.05 582.25 Td (levels.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 560.25 Td (W) Tj ET Q q 0 0 0 rg BT 326.29 560.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 338.23 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.83 560.25 Td (COVID–19 ) Tj ET Q q 0 0 0 rg BT 399.88 560.25 Td (pandemic, ) Tj ET Q q 0 0 0 rg BT 442.63 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.45 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.05 560.25 Td (current ) Tj ET Q q 0 0 0 rg BT 501.75 560.25 Td (global ) Tj ET Q q 0 0 0 rg BT 528.13 560.25 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 548.25 Td (crisis ) Tj ET Q q 0 0 0 rg BT 345.00 548.25 Td (that ) Tj ET Q q 0 0 0 rg BT 366.64 548.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 406.61 548.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 447.12 548.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 484.87 548.25 Td (from ) Tj ET Q q 0 0 0 rg BT 510.95 548.25 Td (many ) Tj ET Q q 0 0 0 rg BT 539.81 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 554.78 548.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 536.25 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 382.86 536.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 415.42 536.25 Td (it ) Tj ET Q q 0 0 0 rg BT 423.84 536.25 Td (is ) Tj ET Q q 0 0 0 rg BT 433.37 536.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 473.43 536.25 Td (that ) Tj ET Q q 0 0 0 rg BT 491.28 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.36 536.25 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 541.79 536.25 Td (T) Tj ET Q q 0 0 0 rg BT 547.20 536.25 Td (ar) Tj ET Q q 0 0 0 rg BT 554.79 536.25 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 524.25 Td (will ) Tj ET Q q 0 0 0 rg BT 338.56 524.25 Td (be ) Tj ET Q q 0 0 0 rg BT 353.75 524.25 Td (met ) Tj ET Q q 0 0 0 rg BT 374.49 524.25 Td (within ) Tj ET Q q 0 0 0 rg BT 405.80 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.76 524.25 Td (originally ) Tj ET Q q 0 0 0 rg BT 468.40 524.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 497.47 524.25 Td (time ) Tj ET Q q 0 0 0 rg BT 520.99 524.25 Td (frame.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.81 524.25 Td ( ) Tj ET Q q 0 0 0 rg BT 552.56 524.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 512.25 Td (“Coronavirus ) Tj ET Q q 0 0 0 rg BT 376.76 512.25 Td (Disease ) Tj ET Q q 0 0 0 rg BT 413.49 512.25 Td (\(COVID–19\) ) Tj ET Q q 0 0 0 rg BT 472.44 512.25 Td (Pandemic” ) Tj ET Q q 0 0 0 rg BT 521.95 512.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 552.56 512.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 500.25 Td (“Risk ) Tj ET Q q 0 0 0 rg BT 342.02 500.25 Td (Factors”) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.90 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 377.89 500.25 Td (for ) Tj ET Q q 0 0 0 rg BT 391.55 500.25 Td (further ) Tj ET Q q 0 0 0 rg BT 420.75 500.25 Td (information ) Tj ET Q q 0 0 0 rg BT 469.95 500.25 Td (on ) Tj ET Q q 0 0 0 rg BT 481.95 500.25 Td (market ) Tj ET Q q 0 0 0 rg BT 511.70 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.14 500.25 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 488.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 361.42 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.35 488.25 Td (their ) Tj ET Q q 0 0 0 rg BT 399.18 488.25 Td (ef) Tj ET Q q 0 0 0 rg BT 406.77 488.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 428.14 488.25 Td (on ) Tj ET Q q 0 0 0 rg BT 440.64 488.25 Td (our ) Tj ET Q q 0 0 0 rg BT 456.47 488.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 493.95 488.25 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 466.25 Td (For ) Tj ET Q q 0 0 0 rg BT 336.63 466.25 Td (further ) Tj ET Q q 0 0 0 rg BT 369.33 466.25 Td (information ) Tj ET Q q 0 0 0 rg BT 422.03 466.25 Td (on ) Tj ET Q q 0 0 0 rg BT 437.52 466.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 482.71 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 488.19 466.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 530.89 466.25 Td (\(ROTCE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 454.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 360.91 454.25 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 411.78 454.25 Td (net ) Tj ET Q q 0 0 0 rg BT 428.22 454.25 Td (discrete ) Tj ET Q q 0 0 0 rg BT 463.54 454.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 479.98 454.25 Td (items\), ) Tj ET Q q 0 0 0 rg BT 511.70 454.25 Td (see ) Tj ET Q q 0 0 0 rg BT 528.69 454.25 Td (“Selected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 442.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 364.66 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 367.05 442.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 406.65 442.25 Td (Information” ) Tj ET Q q 0 0 0 rg BT 461.24 442.25 Td (herein. ) Tj ET Q q 0 0 0 rg BT 491.12 442.25 Td (For ) Tj ET Q q 0 0 0 rg BT 507.40 442.25 Td (information ) Tj ET Q q 0 0 0 rg BT 557.00 442.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.33 430.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 372.40 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.59 430.25 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 443.10 430.25 Td (net ) Tj ET Q q 0 0 0 rg BT 463.18 430.25 Td (discrete ) Tj ET Q q 0 0 0 rg BT 502.13 430.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 522.21 430.25 Td (items, ) Tj ET Q q 0 0 0 rg BT 554.23 430.25 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 418.25 Td (“Supplemental ) Tj ET Q q 0 0 0 rg BT 380.63 418.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 421.80 418.25 Td (Information—Income ) Tj ET Q q 0 0 0 rg BT 513.21 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 518.62 418.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 532.02 418.25 Td (Matters” ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 406.25 Td (herein.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I29 Do Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 317.25 381.85 Td (Business Segments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 359.85 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 375.24 359.85 Td (all ) Tj ET Q q 0 0 0 rg BT 391.00 359.85 Td (of ) Tj ET Q q 0 0 0 rg BT 405.10 359.85 Td (our ) Tj ET Q q 0 0 0 rg BT 424.20 359.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 467.73 359.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 509.03 359.85 Td (and ) Tj ET Q q 0 0 0 rg BT 529.24 359.85 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 347.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 357.73 347.85 Td (are ) Tj ET Q q 0 0 0 rg BT 374.31 347.85 Td (directly ) Tj ET Q q 0 0 0 rg BT 409.23 347.85 Td (attributable ) Tj ET Q q 0 0 0 rg BT 459.15 347.85 Td (to ) Tj ET Q q 0 0 0 rg BT 471.31 347.85 Td (our ) Tj ET Q q 0 0 0 rg BT 489.01 347.85 Td (business ) Tj ET Q q 0 0 0 rg BT 527.28 347.85 Td (segments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 335.85 Td (Certain ) Tj ET Q q 0 0 0 rg BT 350.97 335.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 390.80 335.85 Td (and ) Tj ET Q q 0 0 0 rg BT 409.52 335.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 449.91 335.85 Td (have ) Tj ET Q q 0 0 0 rg BT 473.08 335.85 Td (been ) Tj ET Q q 0 0 0 rg BT 496.24 335.85 Td (allocated ) Tj ET Q q 0 0 0 rg BT 536.62 335.85 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 335.85 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 323.85 Td (business ) Tj ET Q q 0 0 0 rg BT 354.00 323.85 Td (segment, ) Tj ET Q q 0 0 0 rg BT 392.68 323.85 Td (generally ) Tj ET Q q 0 0 0 rg BT 432.74 323.85 Td (in ) Tj ET Q q 0 0 0 rg BT 443.38 323.85 Td (proportion ) Tj ET Q q 0 0 0 rg BT 488.45 323.85 Td (to ) Tj ET Q q 0 0 0 rg BT 499.09 323.85 Td (its ) Tj ET Q q 0 0 0 rg BT 511.40 323.85 Td (respective ) Tj ET Q q 0 0 0 rg BT 554.79 323.85 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 311.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 357.79 311.85 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 408.05 311.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 446.65 311.85 Td (or ) Tj ET Q q 0 0 0 rg BT 457.48 311.85 Td (other ) Tj ET Q q 0 0 0 rg BT 480.53 311.85 Td (relevant ) Tj ET Q q 0 0 0 rg BT 515.23 311.85 Td (measures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.94 311.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 291.85 Td (For ) Tj ET Q q 0 0 0 rg BT 333.93 291.85 Td (an ) Tj ET Q q 0 0 0 rg BT 346.15 291.85 Td (overview ) Tj ET Q q 0 0 0 rg BT 386.14 291.85 Td (of ) Tj ET Q q 0 0 0 rg BT 397.26 291.85 Td (the ) Tj ET Q q 0 0 0 rg BT 412.26 291.85 Td (components ) Tj ET Q q 0 0 0 rg BT 463.37 291.85 Td (of ) Tj ET Q q 0 0 0 rg BT 474.49 291.85 Td (our ) Tj ET Q q 0 0 0 rg BT 490.60 291.85 Td (business ) Tj ET Q q 0 0 0 rg BT 527.28 291.85 Td (segments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 279.85 Td (net ) Tj ET Q q 0 0 0 rg BT 334.05 279.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 376.66 279.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 436.79 279.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 473.57 279.85 Td (and ) Tj ET Q q 0 0 0 rg BT 492.59 279.85 Td (income ) Tj ET Q q 0 0 0 rg BT 526.61 279.85 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 554.23 279.85 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 267.85 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.69 267.85 Td (Management’) Tj ET Q q 0 0 0 rg BT 376.67 267.85 Td (s ) Tj ET Q q 0 0 0 rg BT 381.87 267.85 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 427.07 267.85 Td (and ) Tj ET Q q 0 0 0 rg BT 442.53 267.85 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 478.84 267.85 Td (of ) Tj ET Q q 0 0 0 rg BT 488.48 267.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 527.00 267.85 Td (Condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 255.85 Td (and ) Tj ET Q q 0 0 0 rg BT 335.23 255.85 Td (Results ) Tj ET Q q 0 0 0 rg BT 368.22 255.85 Td (of ) Tj ET Q q 0 0 0 rg BT 380.09 255.85 Td (Operations—Business ) Tj ET Q q 0 0 0 rg BT 473.07 255.85 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.95 255.85 Td (” ) Tj ET Q q 0 0 0 rg BT 519.93 255.85 Td (in ) Tj ET Q q 0 0 0 rg BT 531.25 255.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.01 255.85 Td (2019 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 243.85 Td (Form ) Tj ET Q q 0 0 0 rg BT 341.42 243.85 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.97 243.85 Td (. ) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.00 38.46 Td (8) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 720.90 Td (Institutional Securities) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 700.70 Td (Income Statement Information) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 655.2 m 209.5 655.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 655.2 m 250.5 655.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 642.2 m 168.5 642.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 642.2 m 209.5 642.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 642.2 m 250.5 642.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 642.2 m 294.5 642.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 616.2 m 294.5 616.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 616.2 m 168.5 616.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 616.2 m 209.5 616.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 616.2 m 250.5 616.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 616.2 m 294.5 616.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 603.2 m 168.5 603.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 603.2 m 209.5 603.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 603.2 m 250.5 603.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 603.2 m 294.5 603.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 590.2 m 168.5 590.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 590.2 m 209.5 590.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 590.2 m 250.5 590.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 590.2 m 294.5 590.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 577.2 m 168.5 577.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 564.2 m 168.5 564.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 577.2 m 209.5 577.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 564.2 m 209.5 564.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 577.2 m 250.5 577.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 564.2 m 250.5 564.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 577.2 m 294.5 577.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 564.2 m 294.5 564.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 551.2 m 168.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 551.2 m 209.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 551.2 m 250.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 551.2 m 294.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 538.2 m 168.5 538.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 538.2 m 209.5 538.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 538.2 m 250.5 538.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 538.2 m 294.5 538.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 525.2 m 168.5 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 512.2 m 168.5 512.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 525.2 m 209.5 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 512.2 m 209.5 512.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 525.2 m 250.5 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 512.2 m 250.5 512.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 525.2 m 294.5 525.2 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 250.5 512.2 m 294.5 512.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 499.2 m 168.5 499.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 499.2 m 209.5 499.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 499.2 m 250.5 499.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 499.2 m 294.5 499.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 486.2 m 168.5 486.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 499.2 m 250.5 499.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 486.2 m 209.5 486.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 486.2 m 250.5 486.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 486.2 m 294.5 486.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 473.2 m 168.5 473.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 460.2 m 168.5 460.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 473.2 m 209.5 473.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 460.2 m 209.5 460.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 473.2 m 250.5 473.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 460.2 m 250.5 460.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 473.2 m 294.5 473.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 460.2 m 294.5 460.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 447.2 m 168.5 447.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 447.2 m 209.5 447.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 447.2 m 250.5 447.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 447.2 m 294.5 447.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 447.2 m 209.5 447.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 447.2 m 250.5 447.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 426.2 m 250.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 447.2 m 294.5 447.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 426.2 m 168.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 413.2 m 168.5 413.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 426.2 m 209.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 413.2 m 209.5 413.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 426.2 m 250.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 413.2 m 250.5 413.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 426.2 m 294.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 413.2 m 294.5 413.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 400.2 m 168.5 400.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 400.2 m 209.5 400.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 379.2 m 209.5 379.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 400.2 m 250.5 400.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 379.2 m 250.5 379.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 400.2 m 294.5 400.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 379.2 m 294.5 379.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 379.2 m 168.5 379.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 358.2 m 168.5 358.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 358.2 m 209.5 358.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 358.2 m 250.5 358.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 358.2 m 294.5 358.2 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 171.60 667.43 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 191.20 659.43 Td (March 31,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 48.00 646.15 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 179.60 646.43 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 220.60 646.43 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.30 646.43 Td (% Change) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 633.43 Td (Revenues) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 620.43 Td (Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.00 620.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 620.43 Td (1,144) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.00 620.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 620.48 Td (1,151) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.05 620.48 Td (\(1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 620.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 607.43 Td (T) Tj ET Q q 0 0 0 rg BT 52.74 607.43 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 607.43 Td (3,416) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 607.48 Td (3,130) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 279.75 607.43 Td (9) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 607.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 594.43 Td (Investments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 194.70 594.43 Td (\(25) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.30 594.43 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.35 594.43 Td (81) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 268.15 594.48 Td (\(131) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 594.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 581.43 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 581.43 Td (874) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 581.43 Td (621) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.30 581.48 Td (41) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 581.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 568.43 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 568.43 Td (1) Tj ET Q q 0 0 0 rg BT 197.40 568.43 Td (13) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 568.43 Td (107) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 279.75 568.43 Td (6) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 568.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 555.43 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 183.60 555.43 Td (\(1,079) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.30 555.43 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 555.43 Td (222) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.30 555.43 Td (N/M) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 542.43 Td (T) Tj ET Q q 0 0 0 rg BT 52.44 542.43 Td (otal non-interest revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 542.43 Td (4,443) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 542.48 Td (5,312) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 542.43 Td (\(16) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 542.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 529.43 Td (Interest income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 529.43 Td (2,423) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 529.48 Td (3,056) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 529.43 Td (\(21) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 529.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 516.43 Td (Interest expense) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 516.43 Td (1,961) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 516.48 Td (3,172) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 516.43 Td (\(38) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 516.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 503.43 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 503.43 Td (462) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 231.25 503.48 Td (\(1) Tj ET Q q 0 0 0 rg BT 238.36 503.48 Td (16) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 247.30 503.43 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.30 503.43 Td (N/M) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 490.43 Td (Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 490.43 Td (4,905) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 490.48 Td (5,196) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.05 490.48 Td (\(6) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 490.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 477.43 Td (Compensation and benefits) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 477.43 Td (1,814) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 477.48 Td (1,819) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.15 477.43 Td (—) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 477.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 464.43 Td (Non-compensation expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 464.43 Td (2,141) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 464.48 Td (1,782) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.30 464.48 Td (20) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 464.43 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 451.43 Td (T) Tj ET Q q 0 0 0 rg BT 52.29 451.43 Td (otal non-interest expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 451.43 Td (3,955) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 451.48 Td (3,601) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.30 451.48 Td (10) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 451.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 438.43 Td (Income before provision for) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 430.43 Td (income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 430.43 Td (950) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 430.48 Td (1,595) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 430.43 Td (\(40) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 430.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 417.43 Td (Provision for income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 417.43 Td (151) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 417.43 Td (190) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 417.43 Td (\(21) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 417.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 404.43 Td (Net income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 404.43 Td (799) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 404.48 Td (1,405) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 404.43 Td (\(43) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 404.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 391.43 Td (Net income applicable to) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 383.43 Td (noncontrolling interests) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.40 383.43 Td (42) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.35 383.43 Td (34) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.30 383.48 Td (24) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 383.43 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 370.43 Td (Net income applicable to) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 362.43 Td (Morgan Stanley) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.00 362.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 362.43 Td (757) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.00 362.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 362.48 Td (1,371) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 362.43 Td (\(45) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 362.43 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 332.70 Td (Results ) Tj ET Q q 0 0 0 rg BT 77.28 332.70 Td (in ) Tj ET Q q 0 0 0 rg BT 87.88 332.70 Td (the ) Tj ET Q q 0 0 0 rg BT 102.93 332.70 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 154.09 332.70 Td (Securities ) Tj ET Q q 0 0 0 rg BT 196.35 332.70 Td (business ) Tj ET Q q 0 0 0 rg BT 233.07 332.70 Td (segment ) Tj ET Q q 0 0 0 rg BT 269.22 332.70 Td (reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 320.70 Td (constructive ) Tj ET Q q 0 0 0 rg BT 98.02 320.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 133.82 320.70 Td (in ) Tj ET Q q 0 0 0 rg BT 145.74 320.70 Td (January ) Tj ET Q q 0 0 0 rg BT 180.98 320.70 Td (and ) Tj ET Q q 0 0 0 rg BT 199.56 320.70 Td (February ) Tj ET Q q 0 0 0 rg BT 239.81 320.70 Td (2020 ) Tj ET Q q 0 0 0 rg BT 263.95 320.70 Td (and ) Tj ET Q q 0 0 0 rg BT 282.53 320.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 308.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 92.39 308.70 Td (ef) Tj ET Q q 0 0 0 rg BT 99.97 308.70 Td (fects ) Tj ET Q q 0 0 0 rg BT 124.02 308.70 Td (of ) Tj ET Q q 0 0 0 rg BT 137.53 308.70 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 187.70 308.70 Td (on ) Tj ET Q q 0 0 0 rg BT 202.87 308.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 239.70 308.70 Td (in ) Tj ET Q q 0 0 0 rg BT 252.65 308.70 Td (March. ) Tj ET Q q 0 0 0 rg BT 286.42 308.70 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 296.70 Td (particular) Tj ET Q q 0 0 0 rg BT 82.91 296.70 Td (, ) Tj ET Q q 0 0 0 rg BT 87.91 296.70 Td (in ) Tj ET Q q 0 0 0 rg BT 98.19 296.70 Td (March: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 272.70 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 272.70 Td (Uncertainty) Tj ET Q q 0 0 0 rg BT 100.55 272.70 Td (, ) Tj ET Q q 0 0 0 rg BT 108.46 272.70 Td (driven ) Tj ET Q q 0 0 0 rg BT 139.42 272.70 Td (by ) Tj ET Q q 0 0 0 rg BT 154.83 272.70 Td (market ) Tj ET Q q 0 0 0 rg BT 188.00 272.70 Td (volatility ) Tj ET Q q 0 0 0 rg BT 229.52 272.70 Td (and ) Tj ET Q q 0 0 0 rg BT 249.36 272.70 Td (the ) Tj ET Q q 0 0 0 rg BT 266.99 272.70 Td (overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 260.70 Td (environment, ) Tj ET Q q 0 0 0 rg BT 112.36 260.70 Td (resulted ) Tj ET Q q 0 0 0 rg BT 149.34 260.70 Td (in ) Tj ET Q q 0 0 0 rg BT 162.44 260.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 190.53 260.70 Td (activity ) Tj ET Q q 0 0 0 rg BT 225.84 260.70 Td (in ) Tj ET Q q 0 0 0 rg BT 237.77 260.70 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 280.31 260.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 248.70 Td (Equity ) Tj ET Q q 0 0 0 rg BT 83.17 248.70 Td (underwriting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 224.70 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 224.70 Td (Market ) Tj ET Q q 0 0 0 rg BT 85.06 224.70 Td (volumes ) Tj ET Q q 0 0 0 rg BT 121.12 224.70 Td (and ) Tj ET Q q 0 0 0 rg BT 137.74 224.70 Td (volatility ) Tj ET Q q 0 0 0 rg BT 176.03 224.70 Td (were ) Tj ET Q q 0 0 0 rg BT 197.64 224.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 249.81 224.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 277.54 224.70 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 212.70 Td (in ) Tj ET Q q 0 0 0 rg BT 64.34 212.70 Td (the ) Tj ET Q q 0 0 0 rg BT 79.12 212.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 101.12 212.70 Td (year ) Tj ET Q q 0 0 0 rg BT 120.89 212.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 151.77 212.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 189.33 212.70 Td (in ) Tj ET Q q 0 0 0 rg BT 199.67 212.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 239.99 212.70 Td (client ) Tj ET Q q 0 0 0 rg BT 264.77 212.70 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 200.70 Td (across ) Tj ET Q q 0 0 0 rg BT 80.35 200.70 Td (the ) Tj ET Q q 0 0 0 rg BT 93.93 200.70 Td (Sales ) Tj ET Q q 0 0 0 rg BT 116.40 200.70 Td (and ) Tj ET Q q 0 0 0 rg BT 132.10 200.70 Td (T) Tj ET Q q 0 0 0 rg BT 137.86 200.70 Td (rading ) Tj ET Q q 0 0 0 rg BT 164.77 200.70 Td (businesses ) Tj ET Q q 0 0 0 rg BT 208.35 200.70 Td (and ) Tj ET Q q 0 0 0 rg BT 224.16 200.70 Td (widened ) Tj ET Q q 0 0 0 rg BT 259.39 200.70 Td (bid-of) Tj ET Q q 0 0 0 rg BT 283.65 200.70 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 188.70 Td (spreads. ) Tj ET Q q 0 0 0 rg BT 91.05 188.70 Td (V) Tj ET Q q 0 0 0 rg BT 97.17 188.70 Td (aluations ) Tj ET Q q 0 0 0 rg BT 138.19 188.70 Td (were ) Tj ET Q q 0 0 0 rg BT 162.54 188.70 Td (negatively ) Tj ET Q q 0 0 0 rg BT 209.11 188.70 Td (impacted, ) Tj ET Q q 0 0 0 rg BT 253.18 188.70 Td (and ) Tj ET Q q 0 0 0 rg BT 272.54 188.70 Td (client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 176.70 Td (balances ) Tj ET Q q 0 0 0 rg BT 94.39 176.70 Td (declined ) Tj ET Q q 0 0 0 rg BT 134.23 176.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 190.19 176.70 Td (in ) Tj ET Q q 0 0 0 rg BT 203.94 176.70 Td (the ) Tj ET Q q 0 0 0 rg BT 222.12 176.70 Td (Equity ) Tj ET Q q 0 0 0 rg BT 254.76 176.70 Td (Financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 164.70 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 140.70 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 140.70 Td (Credit ) Tj ET Q q 0 0 0 rg BT 81.44 140.70 Td (deteriorated ) Tj ET Q q 0 0 0 rg BT 131.63 140.70 Td (rapidly) Tj ET Q q 0 0 0 rg BT 159.31 140.70 Td (, ) Tj ET Q q 0 0 0 rg BT 164.26 140.70 Td (the ) Tj ET Q q 0 0 0 rg BT 178.92 140.70 Td (results ) Tj ET Q q 0 0 0 rg BT 207.47 140.70 Td (of ) Tj ET Q q 0 0 0 rg BT 218.25 140.70 Td (which ) Tj ET Q q 0 0 0 rg BT 245.13 140.70 Td (are ) Tj ET Q q 0 0 0 rg BT 259.78 140.70 Td (reflected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 128.70 Td (in ) Tj ET Q q 0 0 0 rg BT 65.81 128.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 93.73 128.70 Td (on ) Tj ET Q q 0 0 0 rg BT 107.76 128.70 Td (held-for) Tj ET Q q 0 0 0 rg BT 139.77 128.70 Td (-sale ) Tj ET Q q 0 0 0 rg BT 162.68 128.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 187.82 128.70 Td (and ) Tj ET Q q 0 0 0 rg BT 206.29 128.70 Td (lending ) Tj ET Q q 0 0 0 rg BT 240.31 128.70 Td (commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 116.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 90.94 116.70 Td (in ) Tj ET Q q 0 0 0 rg BT 100.69 116.70 Td (Other ) Tj ET Q q 0 0 0 rg BT 125.43 116.70 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 165.43 116.70 Td (partially ) Tj ET Q q 0 0 0 rg BT 200.72 116.70 Td (of) Tj ET Q q 0 0 0 rg BT 208.87 116.70 Td (fset ) Tj ET Q q 0 0 0 rg BT 225.27 116.70 Td (by ) Tj ET Q q 0 0 0 rg BT 237.24 116.70 Td (positive ) Tj ET Q q 0 0 0 rg BT 270.88 116.70 Td (hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 104.70 Td (results ) Tj ET Q q 0 0 0 rg BT 85.12 104.70 Td (in ) Tj ET Q q 0 0 0 rg BT 97.92 104.70 Td (Other ) Tj ET Q q 0 0 0 rg BT 125.70 104.70 Td (Sales ) Tj ET Q q 0 0 0 rg BT 151.83 104.70 Td (and ) Tj ET Q q 0 0 0 rg BT 170.92 104.70 Td (T) Tj ET Q q 0 0 0 rg BT 176.67 104.70 Td (rading, ) Tj ET Q q 0 0 0 rg BT 209.74 104.70 Td (aggregating ) Tj ET Q q 0 0 0 rg BT 261.96 104.70 Td (to ) Tj ET Q q 0 0 0 rg BT 274.75 104.70 Td ($610 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 92.70 Td (million ) Tj ET Q q 0 0 0 rg BT 87.16 92.70 Td (for ) Tj ET Q q 0 0 0 rg BT 103.08 92.70 Td (the ) Tj ET Q q 0 0 0 rg BT 119.57 92.70 Td (current ) Tj ET Q q 0 0 0 rg BT 152.15 92.70 Td (quarter; ) Tj ET Q q 0 0 0 rg BT 187.51 92.70 Td (provisions ) Tj ET Q q 0 0 0 rg BT 233.45 92.70 Td (for ) Tj ET Q q 0 0 0 rg BT 249.37 92.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 270.86 92.70 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 80.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 90.72 80.70 Td (in ) Tj ET Q q 0 0 0 rg BT 100.24 80.70 Td (Other ) Tj ET Q q 0 0 0 rg BT 124.76 80.70 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 164.54 80.70 Td (and ) Tj ET Q q 0 0 0 rg BT 180.72 80.70 Td (lending ) Tj ET Q q 0 0 0 rg BT 212.46 80.70 Td (commitments ) Tj ET Q q 0 0 0 rg BT 268.64 80.70 Td (shown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 68.70 Td (in ) Tj ET Q q 0 0 0 rg BT 64.18 68.70 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 142.67 68.70 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 183.67 68.70 Td (aggregating ) Tj ET Q q 0 0 0 rg BT 233.28 68.70 Td (to ) Tj ET Q q 0 0 0 rg BT 243.46 68.70 Td ($388 ) Tj ET Q q 0 0 0 rg BT 265.86 68.70 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 56.70 Td (for ) Tj ET Q q 0 0 0 rg BT 71.00 56.70 Td (the ) Tj ET Q q 0 0 0 rg BT 88.55 56.70 Td (current ) Tj ET Q q 0 0 0 rg BT 122.20 56.70 Td (quarter; ) Tj ET Q q 0 0 0 rg BT 158.24 56.70 Td (T) Tj ET Q q 0 0 0 rg BT 164.00 56.70 Td (rading ) Tj ET Q q 0 0 0 rg BT 194.88 56.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 224.11 56.70 Td (in ) Tj ET Q q 0 0 0 rg BT 237.22 56.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 269.76 56.70 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 722.10 Td (products ) Tj ET Q q 0 0 0 rg BT 366.90 722.10 Td (within ) Tj ET Q q 0 0 0 rg BT 398.67 722.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 427.65 722.10 Td (Income; ) Tj ET Q q 0 0 0 rg BT 466.63 722.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.28 722.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.49 722.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 523.59 722.10 Td (on ) Tj ET Q q 0 0 0 rg BT 539.80 722.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 710.10 Td (counterparties’) Tj ET Q q 0 0 0 rg BT 385.48 710.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.40 710.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 415.41 710.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.10 710.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 446.46 710.10 Td (mar) Tj ET Q q 0 0 0 rg BT 461.82 710.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 476.52 710.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 530.64 710.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.33 710.10 Td (Equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 698.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 348.19 698.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.13 698.10 Td (trading.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 676.10 Td (These ) Tj ET Q q 0 0 0 rg BT 344.81 676.10 Td (ef) Tj ET Q q 0 0 0 rg BT 352.40 676.10 Td (fects, ) Tj ET Q q 0 0 0 rg BT 377.47 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.93 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.84 676.10 Td (context ) Tj ET Q q 0 0 0 rg BT 437.96 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.98 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.88 676.10 Td (full ) Tj ET Q q 0 0 0 rg BT 483.46 676.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 512.14 676.10 Td (’) Tj ET Q q 0 0 0 rg BT 514.92 676.10 Td (s ) Tj ET Q q 0 0 0 rg BT 522.50 676.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 554.80 676.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 664.10 Td (further ) Tj ET Q q 0 0 0 rg BT 346.96 664.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 387.79 664.10 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 637.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 365.31 637.10 Td (Banking) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 616.90 Td (Investment Banking Revenues) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 582.4 m 481.75 582.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 582.4 m 522.75 582.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 570.4 m 440.75 570.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 582.4 m 481.75 582.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 570.4 m 481.75 570.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 582.4 m 522.75 582.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 570.4 m 522.75 570.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 570.4 m 566.75 570.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 570.4 m 440.75 570.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 558.4 m 440.75 558.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 570.4 m 481.75 570.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 558.4 m 481.75 558.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 570.4 m 522.75 570.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 558.4 m 522.75 558.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 570.4 m 566.75 570.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 558.4 m 566.75 558.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 534.4 m 440.75 534.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 534.4 m 481.75 534.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 534.4 m 522.75 534.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 522.4 m 440.75 522.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 522.4 m 481.75 522.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 522.4 m 522.75 522.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 534.4 m 566.75 534.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 522.4 m 566.75 522.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 510.4 m 440.75 510.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 510.4 m 481.75 510.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 510.4 m 522.75 510.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 510.4 m 566.75 510.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 498.4 m 440.75 498.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 498.4 m 481.75 498.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 498.4 m 522.75 498.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 498.4 m 566.75 498.4 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 443.85 594.63 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 463.45 586.63 Td (March 31,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 320.25 574.35 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 451.85 574.08 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 492.85 574.08 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 525.55 574.08 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 562.08 Td (Advisory) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 443.25 562.08 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 465.20 562.08 Td (362) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 484.25 562.08 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 506.20 562.08 Td (406) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.85 562.08 Td (\(1) Tj ET Q q 0 0 0 rg BT 551.96 562.08 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.45 562.08 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 550.08 Td (Underwriting:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 326.25 538.08 Td (Equity) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 465.20 538.08 Td (336) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 506.20 538.08 Td (339) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 549.30 538.13 Td (\(1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.45 538.08 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 326.25 526.08 Td (Fixed income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 465.20 526.08 Td (446) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 506.20 526.08 Td (406) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 547.55 526.13 Td (10) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 559.10 526.08 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 514.08 Td (T) Tj ET Q q 0 0 0 rg BT 324.25 514.08 Td (otal Underwriting) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 465.20 514.08 Td (782) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 506.20 514.08 Td (745) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 552.00 514.08 Td (5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 559.10 514.08 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 320.25 502.08 Td (T) Tj ET Q q 0 0 0 rg BT 324.54 502.08 Td (otal Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 443.25 502.08 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.50 502.08 Td (1,144) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 484.25 502.08 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.50 502.13 Td (1,151) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 549.30 502.13 Td (\(1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.45 502.08 Td (\)%) Tj ET Q BT /F7 8.50 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 478.70 Td (Investment Banking V) Tj ET Q q 0 0 0 rg BT 405.42 478.70 Td (olumes) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.75 447.2 m 511.75 447.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.75 447.2 m 567.75 447.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 434.2 m 459.75 434.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.75 447.2 m 511.75 447.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.75 434.2 m 511.75 434.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.75 447.2 m 567.75 447.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.75 434.2 m 567.75 434.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.75 434.2 m 511.75 434.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.75 434.2 m 567.75 434.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 421.2 m 459.75 421.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 408.2 m 459.75 408.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.75 421.2 m 511.75 421.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.75 408.2 m 511.75 408.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.75 421.2 m 567.75 421.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.75 408.2 m 567.75 408.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 395.2 m 459.75 395.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459.75 395.2 m 511.75 395.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 511.75 395.2 m 567.75 395.2 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 475.85 459.43 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 495.45 451.43 Td (March 31,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 320.25 438.15 Td ($ in billions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 476.35 438.43 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 530.35 438.43 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 425.43 Td (Completed mergers and acquisitions) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 450.09 429.24 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 462.25 425.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 495.20 425.43 Td (109) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 514.25 425.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 551.20 425.43 Td (195) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 412.43 Td (Equity and equity-related of) Tj ET Q q 0 0 0 rg BT 417.50 412.43 Td (ferings) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 441.51 416.24 Td (2, 3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 499.60 412.43 Td (13) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 555.65 412.48 Td (14) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 399.43 Td (Fixed income of) Tj ET Q q 0 0 0 rg BT 376.57 399.43 Td (ferings) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 400.59 403.24 Td (2, 4) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 499.60 399.43 Td (82) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 555.65 399.48 Td (58) Tj ET Q BT /F1 10.00 Tf ET BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 380.70 Td (Source: ) Tj ET Q q 0 0 0 rg BT 345.54 380.70 Td (Refinitiv ) Tj ET Q q 0 0 0 rg BT 374.66 380.70 Td (data ) Tj ET Q q 0 0 0 rg BT 391.70 380.70 Td (as ) Tj ET Q q 0 0 0 rg BT 402.06 380.70 Td (of ) Tj ET Q q 0 0 0 rg BT 410.27 380.70 Td (April ) Tj ET Q q 0 0 0 rg BT 427.71 380.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 436.41 380.70 Td (2020. ) Tj ET Q q 0 0 0 rg BT 457.46 380.70 Td (T) Tj ET Q q 0 0 0 rg BT 461.77 380.70 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 498.81 380.70 Td (volumes ) Tj ET Q q 0 0 0 rg BT 529.18 380.70 Td (may ) Tj ET Q q 0 0 0 rg BT 545.79 380.70 Td (not ) Tj ET Q q 0 0 0 rg BT 558.66 380.70 Td (be ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 371.70 Td (indicative ) Tj ET Q q 0 0 0 rg BT 350.41 371.70 Td (of ) Tj ET Q q 0 0 0 rg BT 358.56 371.70 Td (net ) Tj ET Q q 0 0 0 rg BT 370.88 371.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 403.63 371.70 Td (in ) Tj ET Q q 0 0 0 rg BT 411.37 371.70 Td (a ) Tj ET Q q 0 0 0 rg BT 417.43 371.70 Td (given ) Tj ET Q q 0 0 0 rg BT 437.26 371.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 462.09 371.70 Td (In ) Tj ET Q q 0 0 0 rg BT 470.24 371.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 500.49 371.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 539.07 371.70 Td (volumes ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 362.70 Td (for ) Tj ET Q q 0 0 0 rg BT 329.49 362.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 347.99 362.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 376.08 362.70 Td (may ) Tj ET Q q 0 0 0 rg BT 393.73 362.70 Td (vary ) Tj ET Q q 0 0 0 rg BT 411.39 362.70 Td (from ) Tj ET Q q 0 0 0 rg BT 429.88 362.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 462.14 362.70 Td (previously ) Tj ET Q q 0 0 0 rg BT 499.40 362.70 Td (reported ) Tj ET Q q 0 0 0 rg BT 530.82 362.70 Td (due ) Tj ET Q q 0 0 0 rg BT 546.83 362.70 Td (to ) Tj ET Q q 0 0 0 rg BT 556.57 362.70 Td (the ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 353.70 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 359.95 353.70 Td (withdrawal, ) Tj ET Q q 0 0 0 rg BT 401.39 353.70 Td (change ) Tj ET Q q 0 0 0 rg BT 429.91 353.70 Td (in ) Tj ET Q q 0 0 0 rg BT 439.67 353.70 Td (value ) Tj ET Q q 0 0 0 rg BT 461.52 353.70 Td (or ) Tj ET Q q 0 0 0 rg BT 472.11 353.70 Td (change ) Tj ET Q q 0 0 0 rg BT 500.63 353.70 Td (in ) Tj ET Q q 0 0 0 rg BT 510.39 353.70 Td (timing ) Tj ET Q q 0 0 0 rg BT 534.31 353.70 Td (of ) Tj ET Q q 0 0 0 rg BT 544.49 353.70 Td (certain ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 344.70 Td (transactions.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 359.77 344.70 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 329.70 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 329.70 Td (Includes ) Tj ET Q q 0 0 0 rg BT 356.02 329.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 398.30 329.70 Td (of ) Tj ET Q q 0 0 0 rg BT 406.39 329.70 Td ($100 million ) Tj ET Q q 0 0 0 rg BT 448.25 329.70 Td (or ) Tj ET Q q 0 0 0 rg BT 456.75 329.70 Td (more. ) Tj ET Q q 0 0 0 rg BT 477.76 329.70 Td (Based ) Tj ET Q q 0 0 0 rg BT 500.87 329.70 Td (on ) Tj ET Q q 0 0 0 rg BT 511.04 329.70 Td (full ) Tj ET Q q 0 0 0 rg BT 522.47 329.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 542.65 329.70 Td (to ) Tj ET Q q 0 0 0 rg BT 550.74 329.70 Td (each ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 320.70 Td (of ) Tj ET Q q 0 0 0 rg BT 334.59 320.70 Td (the ) Tj ET Q q 0 0 0 rg BT 347.10 320.70 Td (advisors ) Tj ET Q q 0 0 0 rg BT 377.11 320.70 Td (in ) Tj ET Q q 0 0 0 rg BT 385.03 320.70 Td (a ) Tj ET Q q 0 0 0 rg BT 391.29 320.70 Td (transaction.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 430.06 320.70 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 311.70 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 311.70 Td (Based ) Tj ET Q q 0 0 0 rg BT 350.31 311.70 Td (on ) Tj ET Q q 0 0 0 rg BT 361.45 311.70 Td (full ) Tj ET Q q 0 0 0 rg BT 373.83 311.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 394.97 311.70 Td (for ) Tj ET Q q 0 0 0 rg BT 406.51 311.70 Td (single ) Tj ET Q q 0 0 0 rg BT 428.91 311.70 Td (book ) Tj ET Q q 0 0 0 rg BT 447.96 311.70 Td (managers ) Tj ET Q q 0 0 0 rg BT 484.11 311.70 Td (and ) Tj ET Q q 0 0 0 rg BT 499.42 311.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 520.57 311.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 541.70 311.70 Td (for ) Tj ET Q q 0 0 0 rg BT 553.25 311.70 Td (joint ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 302.70 Td (book ) Tj ET Q q 0 0 0 rg BT 344.60 302.70 Td (managers.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 380.03 302.70 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 293.70 Td (3. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 293.70 Td (Includes ) Tj ET Q q 0 0 0 rg BT 356.17 293.70 Td (Rule ) Tj ET Q q 0 0 0 rg BT 373.57 293.70 Td (144A) Tj ET Q q 0 0 0 rg BT 390.67 293.70 Td ( ) Tj ET Q q 0 0 0 rg BT 392.65 293.70 Td (issuances ) Tj ET Q q 0 0 0 rg BT 427.99 293.70 Td (and ) Tj ET Q q 0 0 0 rg BT 442.48 293.70 Td (registered ) Tj ET Q q 0 0 0 rg BT 477.81 293.70 Td (public ) Tj ET Q q 0 0 0 rg BT 499.39 293.70 Td (of) Tj ET Q q 0 0 0 rg BT 505.51 293.70 Td (ferings ) Tj ET Q q 0 0 0 rg BT 530.00 293.70 Td (of ) Tj ET Q q 0 0 0 rg BT 538.24 293.70 Td (common ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 284.70 Td (stock, ) Tj ET Q q 0 0 0 rg BT 347.92 284.70 Td (convertible ) Tj ET Q q 0 0 0 rg BT 386.28 284.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 420.04 284.70 Td (and ) Tj ET Q q 0 0 0 rg BT 434.64 284.70 Td (rights ) Tj ET Q q 0 0 0 rg BT 455.06 284.70 Td (of) Tj ET Q q 0 0 0 rg BT 461.18 284.70 Td (ferings.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 485.78 284.70 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 275.70 Td (4. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 275.70 Td (Includes ) Tj ET Q q 0 0 0 rg BT 357.43 275.70 Td (Rule ) Tj ET Q q 0 0 0 rg BT 376.09 275.70 Td (144A) Tj ET Q q 0 0 0 rg BT 393.20 275.70 Td ( ) Tj ET Q q 0 0 0 rg BT 396.44 275.70 Td (and ) Tj ET Q q 0 0 0 rg BT 412.19 275.70 Td (publicly ) Tj ET Q q 0 0 0 rg BT 440.45 275.70 Td (registered ) Tj ET Q q 0 0 0 rg BT 477.04 275.70 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 515.72 275.70 Td (non-convertible ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 266.70 Td (preferred ) Tj ET Q q 0 0 0 rg BT 361.51 266.70 Td (stock, ) Tj ET Q q 0 0 0 rg BT 385.93 266.70 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 449.12 266.70 Td (and ) Tj ET Q q 0 0 0 rg BT 466.46 266.70 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 515.90 266.70 Td (securities, ) Tj ET Q q 0 0 0 rg BT 554.49 266.70 Td (and ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 257.70 Td (taxable ) Tj ET Q q 0 0 0 rg BT 352.28 257.70 Td (municipal ) Tj ET Q q 0 0 0 rg BT 385.81 257.70 Td (debt. ) Tj ET Q q 0 0 0 rg BT 404.34 257.70 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 436.62 257.70 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 471.40 257.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 491.18 257.70 Td (and ) Tj ET Q q 0 0 0 rg BT 505.54 257.70 Td (self-led ) Tj ET Q q 0 0 0 rg BT 531.57 257.70 Td (issuances.) Tj ET Q BT /F6 7.50 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 235.70 Td (Investment ) Tj ET Q q 0 0 0 rg BT 364.75 235.70 Td (banking ) Tj ET Q q 0 0 0 rg BT 400.03 235.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 438.64 235.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.03 235.70 Td ($1,144 ) Tj ET Q q 0 0 0 rg BT 480.60 235.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.49 235.70 Td ( ) Tj ET Q q 0 0 0 rg BT 512.56 235.70 Td (in ) Tj ET Q q 0 0 0 rg BT 523.40 235.70 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 235.70 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 223.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 348.34 223.70 Td (were ) Tj ET Q q 0 0 0 rg BT 370.55 223.70 Td (relatively ) Tj ET Q q 0 0 0 rg BT 411.08 223.70 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 457.18 223.70 Td (from ) Tj ET Q q 0 0 0 rg BT 479.39 223.70 Td (the ) Tj ET Q q 0 0 0 rg BT 494.39 223.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 516.60 223.70 Td (year ) Tj ET Q q 0 0 0 rg BT 536.59 223.70 Td (quarter) Tj ET Q q 0 0 0 rg BT 564.50 223.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 211.70 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 357.23 211.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 381.66 211.70 Td (results ) Tj ET Q q 0 0 0 rg BT 409.44 211.70 Td (in ) Tj ET Q q 0 0 0 rg BT 418.88 211.70 Td (our ) Tj ET Q q 0 0 0 rg BT 433.88 211.70 Td (advisory ) Tj ET Q q 0 0 0 rg BT 469.98 211.70 Td (business ) Tj ET Q q 0 0 0 rg BT 505.54 211.70 Td (of) Tj ET Q q 0 0 0 rg BT 513.69 211.70 Td (fset ) Tj ET Q q 0 0 0 rg BT 529.80 211.70 Td (by ) Tj ET Q q 0 0 0 rg BT 541.46 211.70 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 199.70 Td (results ) Tj ET Q q 0 0 0 rg BT 345.86 199.70 Td (in ) Tj ET Q q 0 0 0 rg BT 356.14 199.70 Td (our ) Tj ET Q q 0 0 0 rg BT 371.97 199.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 395.01 199.70 Td (income ) Tj ET Q q 0 0 0 rg BT 426.95 199.70 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 481.10 199.70 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 187.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 175.70 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 175.70 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 365.58 175.70 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.22 175.70 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.63 175.70 Td ( ) Tj ET Q q 0 0 0 rg BT 444.74 175.70 Td (in ) Tj ET Q q 0 0 0 rg BT 454.63 175.70 Td (the ) Tj ET Q q 0 0 0 rg BT 468.95 175.70 Td (current ) Tj ET Q q 0 0 0 rg BT 499.37 175.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 529.79 175.70 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 163.70 Td (as ) Tj ET Q q 0 0 0 rg BT 338.54 163.70 Td (a ) Tj ET Q q 0 0 0 rg BT 346.93 163.70 Td (result ) Tj ET Q q 0 0 0 rg BT 373.11 163.70 Td (of ) Tj ET Q q 0 0 0 rg BT 385.40 163.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 412.12 163.70 Td (volumes ) Tj ET Q q 0 0 0 rg BT 449.97 163.70 Td (of ) Tj ET Q q 0 0 0 rg BT 462.25 163.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 507.86 163.70 Td (M&A) Tj ET Q q 0 0 0 rg BT 531.20 163.70 Td ( ) Tj ET Q q 0 0 0 rg BT 535.16 163.70 Td (activity) Tj ET Q q 0 0 0 rg BT 564.50 163.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 151.70 Td (particularly ) Tj ET Q q 0 0 0 rg BT 374.84 151.70 Td (lar) Tj ET Q q 0 0 0 rg BT 385.21 151.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 397.14 151.70 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 127.70 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 127.70 Td (Equity ) Tj ET Q q 0 0 0 rg BT 358.19 127.70 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 415.13 127.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 455.94 127.70 Td (were ) Tj ET Q q 0 0 0 rg BT 480.65 127.70 Td (relatively ) Tj ET Q q 0 0 0 rg BT 523.68 127.70 Td (unchanged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 115.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 369.10 115.70 Td (with ) Tj ET Q q 0 0 0 rg BT 390.30 115.70 Td (subdued ) Tj ET Q q 0 0 0 rg BT 427.06 115.70 Td (results ) Tj ET Q q 0 0 0 rg BT 456.59 115.70 Td (in ) Tj ET Q q 0 0 0 rg BT 467.80 115.70 Td (the ) Tj ET Q q 0 0 0 rg BT 483.44 115.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 506.30 115.70 Td (year ) Tj ET Q q 0 0 0 rg BT 526.93 115.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 558.67 115.70 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 103.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 352.13 103.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 390.79 103.70 Td (in ) Tj ET Q q 0 0 0 rg BT 401.68 103.70 Td (secondary ) Tj ET Q q 0 0 0 rg BT 445.33 103.70 Td (block ) Tj ET Q q 0 0 0 rg BT 470.66 103.70 Td (share ) Tj ET Q q 0 0 0 rg BT 494.88 103.70 Td (trades ) Tj ET Q q 0 0 0 rg BT 521.87 103.70 Td (were ) Tj ET Q q 0 0 0 rg BT 544.41 103.70 Td (of) Tj ET Q q 0 0 0 rg BT 552.56 103.70 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 91.70 Td (by ) Tj ET Q q 0 0 0 rg BT 339.22 91.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 367.74 91.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 406.25 91.70 Td (in ) Tj ET Q q 0 0 0 rg BT 417.00 91.70 Td (initial ) Tj ET Q q 0 0 0 rg BT 443.30 91.70 Td (public ) Tj ET Q q 0 0 0 rg BT 471.26 91.70 Td (of) Tj ET Q q 0 0 0 rg BT 479.41 91.70 Td (ferings ) Tj ET Q q 0 0 0 rg BT 510.15 91.70 Td (and ) Tj ET Q q 0 0 0 rg BT 527.56 91.70 Td (follow-on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 79.70 Td (of) Tj ET Q q 0 0 0 rg BT 334.40 79.70 Td (ferings.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I30 Do Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 722.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 722.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 78.96 722.10 Td (income ) Tj ET Q q 0 0 0 rg BT 110.58 722.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 164.42 722.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.14 722.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.89 722.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.08 722.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.04 722.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.44 722.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 710.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 84.64 710.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 124.18 710.10 Td (due ) Tj ET Q q 0 0 0 rg BT 140.95 710.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.05 710.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 178.92 710.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 209.01 710.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 245.23 710.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 286.98 710.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.09 698.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 93.39 698.10 Td (year ) Tj ET Q q 0 0 0 rg BT 114.47 698.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 142.38 698.10 Td (, ) Tj ET Q q 0 0 0 rg BT 148.75 698.10 Td (with ) Tj ET Q q 0 0 0 rg BT 170.40 698.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 199.81 698.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 239.22 698.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.87 698.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 686.10 Td (grade ) Tj ET Q q 0 0 0 rg BT 77.48 686.10 Td (bond ) Tj ET Q q 0 0 0 rg BT 98.74 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.45 686.10 Td (non-investment ) Tj ET Q q 0 0 0 rg BT 177.93 686.10 Td (grade ) Tj ET Q q 0 0 0 rg BT 201.41 686.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 219.89 686.10 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 261.43 686.10 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 674.10 Td (of) Tj ET Q q 0 0 0 rg BT 62.15 674.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 83.32 674.10 Td (by ) Tj ET Q q 0 0 0 rg BT 100.05 674.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 129.55 674.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 171.82 674.10 Td (from ) Tj ET Q q 0 0 0 rg BT 197.98 674.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 248.60 674.10 Td (grade ) Tj ET Q q 0 0 0 rg BT 277.53 674.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 662.10 Td (issuances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 640.10 Td (See ) Tj ET Q q 0 0 0 rg BT 61.94 640.10 Td (“Investment ) Tj ET Q q 0 0 0 rg BT 113.31 640.10 Td (Banking ) Tj ET Q q 0 0 0 rg BT 149.52 640.10 Td (V) Tj ET Q q 0 0 0 rg BT 155.45 640.10 Td (olumes” ) Tj ET Q q 0 0 0 rg BT 191.27 640.10 Td (herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.76 640.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 622.10 Td (Sales and T) Tj ET Q q 0 0 0 rg BT 92.97 622.10 Td (rading Net Revenues) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 597.90 Td (By Income Statement Line Item) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 556.4 m 205.85 556.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 556.4 m 248.85 556.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 544.4 m 162.85 544.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 556.4 m 205.85 556.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 556.4 m 248.85 556.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 544.4 m 292.85 544.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 544.4 m 205.85 544.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 544.4 m 248.85 544.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 544.4 m 292.85 544.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 532.4 m 162.85 532.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 532.4 m 205.85 532.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 532.4 m 248.85 532.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 532.4 m 292.85 532.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 520.4 m 162.85 520.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 508.4 m 162.85 508.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 520.4 m 205.85 520.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 520.4 m 248.85 520.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 520.4 m 292.85 520.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 508.4 m 292.85 508.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 496.4 m 162.85 496.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 508.4 m 205.85 508.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 496.4 m 205.85 496.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 508.4 m 248.85 508.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 496.4 m 248.85 496.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 508.4 m 292.85 508.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 496.4 m 292.85 496.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 484.4 m 162.85 484.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 484.4 m 205.85 484.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 484.4 m 248.85 484.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 484.4 m 292.85 484.4 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 167.95 568.63 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 187.55 560.63 Td (March 31,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 48.35 548.35 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.95 548.08 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 217.95 548.08 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 251.65 548.08 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.35 536.08 Td (T) Tj ET Q q 0 0 0 rg BT 53.09 536.08 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 165.35 536.08 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 182.60 536.08 Td (3,416) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 208.35 536.08 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 225.60 536.13 Td (3,130) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.75 536.08 Td (9) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 285.20 536.08 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.35 524.08 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.30 524.08 Td (874) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 232.30 524.08 Td (621) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.30 524.08 Td (41) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 285.20 524.08 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.35 512.08 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.30 512.08 Td (1) Tj ET Q q 0 0 0 rg BT 193.75 512.08 Td (13) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 232.30 512.08 Td (107) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.75 512.08 Td (6) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 285.20 512.08 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.35 500.08 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.30 500.08 Td (462) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 229.60 500.13 Td (\(1) Tj ET Q q 0 0 0 rg BT 236.71 500.13 Td (16) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 245.65 500.08 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 274.65 500.08 Td (N/M) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.35 488.08 Td (T) Tj ET Q q 0 0 0 rg BT 52.64 488.08 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 165.35 488.08 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 182.60 488.08 Td (4,865) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 208.35 488.08 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 225.60 488.13 Td (3,742) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.30 488.08 Td (30) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 285.20 488.08 Td (%) Tj ET Q BT /F7 8.50 Tf ET BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 450.70 Td (By Business) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 419.2 m 205.85 419.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 419.2 m 248.85 419.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 407.2 m 162.85 407.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 419.2 m 205.85 419.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 407.2 m 205.85 407.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 419.2 m 248.85 419.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 407.2 m 248.85 407.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 407.2 m 292.85 407.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 407.2 m 205.85 407.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 407.2 m 248.85 407.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 407.2 m 292.85 407.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 395.2 m 162.85 395.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 383.2 m 162.85 383.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 395.2 m 205.85 395.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 383.2 m 205.85 383.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 395.2 m 248.85 395.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 383.2 m 248.85 383.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 395.2 m 292.85 395.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 383.2 m 292.85 383.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 371.2 m 162.85 371.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 371.2 m 205.85 371.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 371.2 m 248.85 371.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 383.2 m 292.85 383.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 371.2 m 292.85 371.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.85 359.2 m 162.85 359.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 162.85 359.2 m 205.85 359.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 205.85 359.2 m 248.85 359.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 248.85 359.2 m 292.85 359.2 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 167.95 431.43 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 187.55 423.43 Td (March 31,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.35 421.88 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 251.35 421.88 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 48.35 411.15 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.95 410.88 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 217.95 410.88 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 251.65 410.88 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.35 398.88 Td (Equity) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 165.35 398.88 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 182.60 398.88 Td (2,422) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 208.35 398.88 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 225.60 398.93 Td (2,015) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.30 398.88 Td (20) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 285.20 398.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.35 386.88 Td (Fixed Income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 182.60 386.88 Td (2,203) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 225.60 386.93 Td (1,710) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.30 386.88 Td (29) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 285.20 386.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.35 374.88 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.30 374.88 Td (240) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.70 374.88 Td (17) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 274.65 374.88 Td (N/M) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.35 362.88 Td (T) Tj ET Q q 0 0 0 rg BT 52.64 362.88 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 165.35 362.88 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 182.60 362.88 Td (4,865) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 208.35 362.88 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 225.60 362.93 Td (3,742) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.30 362.88 Td (30) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 285.20 362.88 Td (%) Tj ET Q BT /F7 8.50 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 321.50 Td (Sales and T) Tj ET Q q 0 0 0 rg BT 91.77 321.50 Td (rading Revenues—Equity and Fixed Income) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 290 m 178.5 290 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 290 m 216.5 290 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 290 m 254.5 290 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 290 m 292.5 290 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 266 m 140.5 266 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 266 m 178.5 266 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 266 m 216.5 266 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 266 m 254.5 266 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 266 m 292.5 266 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 266 m 140.5 266 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 266 m 178.5 266 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 266 m 216.5 266 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 266 m 254.5 266 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 266 m 292.5 266 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 254 m 140.5 254 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 242 m 140.5 242 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 254 m 178.5 254 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 242 m 178.5 242 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 254 m 216.5 254 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 242 m 216.5 242 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 254 m 254.5 254 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 242 m 254.5 242 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 254 m 292.5 254 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 242 m 292.5 242 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 242 m 140.5 242 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 230 m 140.5 230 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 242 m 178.5 242 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 230 m 178.5 230 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 242 m 216.5 242 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 230 m 216.5 230 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 242 m 254.5 242 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 230 m 254.5 230 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 242 m 292.5 242 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 230 m 292.5 230 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 218 m 140.5 218 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 230 m 178.5 230 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 218 m 178.5 218 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 230 m 216.5 230 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 218 m 216.5 218 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 230 m 254.5 230 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 218 m 254.5 218 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 218 m 292.5 218 l s BT /F7 8.00 Tf ET q 0 0 0 rg BT 176.40 302.23 Td (Three Months Ended) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 187.50 294.23 Td (March 31, 2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 281.68 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 143.00 281.68 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 181.00 281.68 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 228.75 281.68 Td (Net) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 257.00 281.68 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 48.00 269.95 Td ($ in millions) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 145.55 269.68 Td (T) Tj ET Q q 0 0 0 rg BT 150.29 269.68 Td (rading) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 186.65 269.68 Td (Fees) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 204.44 273.49 Td (1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 220.20 269.68 Td (Interest) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 246.88 273.49 Td (2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 264.55 269.68 Td (T) Tj ET Q q 0 0 0 rg BT 268.55 269.68 Td (otal) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 257.68 Td (Financing) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 143.00 257.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 155.25 257.68 Td (1,034) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 181.00 257.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.95 257.68 Td (101) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 219.00 257.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 239.70 257.68 Td (\(37) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 251.30 257.68 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 257.00 257.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 269.25 257.73 Td (1,098) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 245.68 Td (Execution services) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 161.95 245.68 Td (579) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.95 245.68 Td (783) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 239.70 245.68 Td (\(38) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 251.30 245.68 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 269.25 245.73 Td (1,324) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 233.68 Td (T) Tj ET Q q 0 0 0 rg BT 52.59 233.68 Td (otal Equity) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 143.00 233.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 155.25 233.68 Td (1,613) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 181.00 233.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.95 233.68 Td (884) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 219.00 233.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 239.70 233.68 Td (\(75) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 251.30 233.68 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 257.00 233.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 269.25 233.73 Td (2,422) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 221.68 Td (T) Tj ET Q q 0 0 0 rg BT 52.29 221.68 Td (otal Fixed Income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 143.00 221.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 155.25 221.68 Td (1,773) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 181.00 221.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.95 221.68 Td (102) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 219.00 221.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 237.95 221.68 Td (328) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 257.00 221.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 269.25 221.73 Td (2,203) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 187 m 178.5 187 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 187 m 216.5 187 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 187 m 254.5 187 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 187 m 292.5 187 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 163 m 140.5 163 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 163 m 178.5 163 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 163 m 216.5 163 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 163 m 254.5 163 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 163 m 292.5 163 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 163 m 140.5 163 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 163 m 178.5 163 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 163 m 216.5 163 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 163 m 254.5 163 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 163 m 292.5 163 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 151 m 140.5 151 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 139 m 140.5 139 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 151 m 178.5 151 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 139 m 178.5 139 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 151 m 216.5 151 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 139 m 216.5 139 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 151 m 254.5 151 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 139 m 254.5 139 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 151 m 292.5 151 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 139 m 292.5 139 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 139 m 140.5 139 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 127 m 140.5 127 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 139 m 178.5 139 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 127 m 178.5 127 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 139 m 216.5 139 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 127 m 216.5 127 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 139 m 254.5 139 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 127 m 254.5 127 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 139 m 292.5 139 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 127 m 292.5 127 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 114 m 140.5 114 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 127 m 178.5 127 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 140.5 114 m 178.5 114 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 127 m 216.5 127 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 114 m 216.5 114 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 127 m 254.5 127 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 114 m 254.5 114 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 127 m 292.5 127 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 114 m 292.5 114 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 178.60 199.23 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 188.20 191.23 Td (March 31, 2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 178.68 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 143.00 178.68 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 181.00 178.68 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 228.75 178.68 Td (Net) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 257.00 178.68 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 48.00 166.95 Td ($ in millions) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 145.55 166.68 Td (T) Tj ET Q q 0 0 0 rg BT 150.29 166.68 Td (rading) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 186.65 166.68 Td (Fees) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 204.44 170.49 Td (1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 220.20 166.68 Td (Interest) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 246.88 170.49 Td (2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 264.55 166.68 Td (T) Tj ET Q q 0 0 0 rg BT 268.55 166.68 Td (otal) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 154.68 Td (Financing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 143.00 154.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 155.25 154.68 Td (1,1) Tj ET Q q 0 0 0 rg BT 166.37 154.68 Td (15) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 181.00 154.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 204.35 154.68 Td (98) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 219.00 154.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 235.25 154.73 Td (\(258) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 251.30 154.68 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 257.00 154.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 275.95 154.68 Td (955) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 142.68 Td (Execution services) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 161.95 142.68 Td (551) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 199.95 142.68 Td (553) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 239.70 142.68 Td (\(44) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 251.30 142.68 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 269.25 142.73 Td (1,060) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 130.68 Td (T) Tj ET Q q 0 0 0 rg BT 52.59 130.68 Td (otal Equity) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 143.00 130.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 155.25 130.68 Td (1,666) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 181.00 130.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 199.95 130.68 Td (651) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 219.00 130.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 235.25 130.73 Td (\(302) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 251.30 130.68 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 257.00 130.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 269.25 130.73 Td (2,015) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 118.23 Td (T) Tj ET Q q 0 0 0 rg BT 52.29 118.23 Td (otal Fixed Income) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 143.00 118.23 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 155.25 118.23 Td (1,727) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 181.00 118.23 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 204.35 118.23 Td (78) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 219.00 118.23 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 239.70 118.23 Td (\(95) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 251.30 118.23 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 257.00 118.23 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 269.25 118.28 Td (1,710) Tj ET Q BT /F1 10.00 Tf ET BT /F6 7.50 Tf ET q 0 0 0 rg BT 45.00 95.50 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 95.50 Td (Includes ) Tj ET Q q 0 0 0 rg BT 84.02 95.50 Td (Commissions ) Tj ET Q q 0 0 0 rg BT 131.11 95.50 Td (and ) Tj ET Q q 0 0 0 rg BT 145.71 95.50 Td (fees ) Tj ET Q q 0 0 0 rg BT 161.97 95.50 Td (and ) Tj ET Q q 0 0 0 rg BT 176.16 95.50 Td (Asset ) Tj ET Q q 0 0 0 rg BT 197.00 95.50 Td (management ) Tj ET Q q 0 0 0 rg BT 242.86 95.50 Td (revenues.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 275.80 95.50 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 45.00 86.50 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 86.50 Td (Includes ) Tj ET Q q 0 0 0 rg BT 84.50 86.50 Td (funding ) Tj ET Q q 0 0 0 rg BT 111.66 86.50 Td (costs, ) Tj ET Q q 0 0 0 rg BT 133.81 86.50 Td (which ) Tj ET Q q 0 0 0 rg BT 155.54 86.50 Td (are ) Tj ET Q q 0 0 0 rg BT 168.94 86.50 Td (allocated ) Tj ET Q q 0 0 0 rg BT 201.53 86.50 Td (to ) Tj ET Q q 0 0 0 rg BT 210.34 86.50 Td (the ) Tj ET Q q 0 0 0 rg BT 223.33 86.50 Td (businesses ) Tj ET Q q 0 0 0 rg BT 263.41 86.50 Td (based ) Tj ET Q q 0 0 0 rg BT 286.40 86.50 Td (on ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 77.50 Td (funding ) Tj ET Q q 0 0 0 rg BT 80.69 77.50 Td (usage.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 103.21 77.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 722.25 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 700.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 346.76 700.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 369.04 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.32 700.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 417.48 700.25 Td (net ) Tj ET Q q 0 0 0 rg BT 432.54 700.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 470.92 700.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.09 700.25 Td ($2,422 ) Tj ET Q q 0 0 0 rg BT 512.44 700.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.33 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 544.17 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 554.79 700.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 688.25 Td (current ) Tj ET Q q 0 0 0 rg BT 350.36 688.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.46 688.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.21 688.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 688.25 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.33 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 449.13 688.25 Td (from ) Tj ET Q q 0 0 0 rg BT 473.35 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.36 688.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 514.59 688.25 Td (year ) Tj ET Q q 0 0 0 rg BT 536.59 688.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 564.50 688.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 676.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 359.29 676.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 388.56 676.25 Td (results ) Tj ET Q q 0 0 0 rg BT 418.40 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.91 676.25 Td (both ) Tj ET Q q 0 0 0 rg BT 451.41 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 468.47 676.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 509.96 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.13 676.25 Td (execution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 664.25 Td (services ) Tj ET Q q 0 0 0 rg BT 351.96 664.25 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 642.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 642.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 367.82 642.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 407.16 642.25 Td (from ) Tj ET Q q 0 0 0 rg BT 428.18 642.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.97 642.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 462.99 642.25 Td (year ) Tj ET Q q 0 0 0 rg BT 481.78 642.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 509.69 642.25 Td (, ) Tj ET Q q 0 0 0 rg BT 513.77 642.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 552.56 642.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 630.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.35 630.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 362.21 630.25 Td (average ) Tj ET Q q 0 0 0 rg BT 394.62 630.25 Td (client ) Tj ET Q q 0 0 0 rg BT 418.15 630.25 Td (balances, ) Tj ET Q q 0 0 0 rg BT 456.39 630.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 491.03 630.25 Td (of) Tj ET Q q 0 0 0 rg BT 499.18 630.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 514.94 630.25 Td (by ) Tj ET Q q 0 0 0 rg BT 526.26 630.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.80 630.25 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 618.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.19 618.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 371.44 618.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 409.04 618.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 461.62 618.25 Td (on ) Tj ET Q q 0 0 0 rg BT 474.23 618.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.05 618.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 528.86 618.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.80 618.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 606.25 Td (hedges. ) Tj ET Q q 0 0 0 rg BT 362.31 606.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 382.55 606.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 417.78 606.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 461.32 606.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 505.43 606.25 Td (a ) Tj ET Q q 0 0 0 rg BT 515.66 606.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 559.22 606.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 594.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 359.86 594.25 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 572.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 572.25 Td (Execution ) Tj ET Q q 0 0 0 rg BT 371.30 572.25 Td (services ) Tj ET Q q 0 0 0 rg BT 408.01 572.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 450.27 572.25 Td (from ) Tj ET Q q 0 0 0 rg BT 474.21 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.93 572.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 514.87 572.25 Td (year ) Tj ET Q q 0 0 0 rg BT 536.58 572.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 564.50 572.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 560.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 368.83 560.25 Td (an ) Tj ET Q q 0 0 0 rg BT 382.54 560.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 419.57 560.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.62 560.25 Td (market ) Tj ET Q q 0 0 0 rg BT 463.65 560.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 501.81 560.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.86 560.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 535.90 560.25 Td (equities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 548.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 364.09 548.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.71 548.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 403.10 548.25 Td (Commissions ) Tj ET Q q 0 0 0 rg BT 460.40 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 477.68 548.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 499.13 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.41 548.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 544.80 548.25 Td (client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 536.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 357.51 536.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 390.43 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 401.14 536.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 447.95 536.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 487.82 536.25 Td (which ) Tj ET Q q 0 0 0 rg BT 515.19 536.25 Td (was ) Tj ET Q q 0 0 0 rg BT 533.68 536.25 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 524.25 Td (of) Tj ET Q q 0 0 0 rg BT 334.40 524.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 350.39 524.25 Td (by ) Tj ET Q q 0 0 0 rg BT 361.95 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.72 524.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 404.48 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.37 524.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 439.81 524.25 Td (on ) Tj ET Q q 0 0 0 rg BT 451.37 524.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 480.12 524.25 Td (counterparties’) Tj ET Q q 0 0 0 rg BT 539.35 524.25 Td ( ) Tj ET Q q 0 0 0 rg BT 540.91 524.25 Td (failure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.95 512.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 363.30 512.25 Td (mar) Tj ET Q q 0 0 0 rg BT 378.67 512.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 396.36 512.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 453.48 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.84 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.97 512.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 522.10 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.35 512.25 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 500.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 363.75 500.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 416.23 500.25 Td (on ) Tj ET Q q 0 0 0 rg BT 428.73 500.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 471.21 500.25 Td (valuations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 478.25 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 343.64 478.25 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 456.25 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 342.51 456.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 374.97 456.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 396.89 456.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.81 456.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 444.61 456.25 Td (net ) Tj ET Q q 0 0 0 rg BT 459.31 456.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 497.33 456.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.14 456.25 Td ($2,203 ) Tj ET Q q 0 0 0 rg BT 538.12 456.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 444.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.40 444.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.99 444.25 Td (current ) Tj ET Q q 0 0 0 rg BT 378.68 444.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 411.37 444.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.17 444.25 Td (29%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 444.25 Td ( ) Tj ET Q q 0 0 0 rg BT 457.88 444.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 487.80 444.25 Td (than ) Tj ET Q q 0 0 0 rg BT 509.39 444.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.98 444.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 549.79 444.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 432.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 345.17 432.25 Td (, ) Tj ET Q q 0 0 0 rg BT 352.31 432.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 394.17 432.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 424.36 432.25 Td (by ) Tj ET Q q 0 0 0 rg BT 439.01 432.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 469.20 432.25 Td (results ) Tj ET Q q 0 0 0 rg BT 499.95 432.25 Td (in ) Tj ET Q q 0 0 0 rg BT 512.38 432.25 Td (global ) Tj ET Q q 0 0 0 rg BT 542.02 432.25 Td (macro ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 420.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 356.69 420.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 392.51 420.25 Td (of) Tj ET Q q 0 0 0 rg BT 400.66 420.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 417.60 420.25 Td (by ) Tj ET Q q 0 0 0 rg BT 430.10 420.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 455.37 420.25 Td (results ) Tj ET Q q 0 0 0 rg BT 483.97 420.25 Td (in ) Tj ET Q q 0 0 0 rg BT 494.25 420.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 519.52 420.25 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 398.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 398.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 355.54 398.25 Td (macro ) Tj ET Q q 0 0 0 rg BT 382.60 398.25 Td (products ) Tj ET Q q 0 0 0 rg BT 418.97 398.25 Td (T) Tj ET Q q 0 0 0 rg BT 424.72 398.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 452.35 398.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 489.96 398.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 529.79 398.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 386.25 Td (due ) Tj ET Q q 0 0 0 rg BT 342.22 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.52 386.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 378.60 386.25 Td (client ) Tj ET Q q 0 0 0 rg BT 402.34 386.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 433.86 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.16 386.25 Td (both ) Tj ET Q q 0 0 0 rg BT 462.47 386.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 492.88 386.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 532.16 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.13 386.25 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 374.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 365.85 374.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.95 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.82 374.25 Td (widening ) Tj ET Q q 0 0 0 rg BT 437.70 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.69 374.25 Td (bid-of) Tj ET Q q 0 0 0 rg BT 472.95 374.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 486.71 374.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 519.36 374.25 Td (from ) Tj ET Q q 0 0 0 rg BT 541.46 374.25 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 362.25 Td (market ) Tj ET Q q 0 0 0 rg BT 355.93 362.25 Td (volatility) Tj ET Q q 0 0 0 rg BT 391.39 362.25 Td (. ) Tj ET Q q 0 0 0 rg BT 395.81 362.25 Td (Higher ) Tj ET Q q 0 0 0 rg BT 425.50 362.25 Td (average ) Tj ET Q q 0 0 0 rg BT 458.51 362.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 494.85 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.21 362.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 535.90 362.25 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 350.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 348.75 350.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 396.79 350.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.07 350.25 Td (an ) Tj ET Q q 0 0 0 rg BT 419.01 350.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 454.26 350.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.54 350.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 481.48 350.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 513.41 350.25 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 328.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 328.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 353.50 328.25 Td (products ) Tj ET Q q 0 0 0 rg BT 390.03 328.25 Td (T) Tj ET Q q 0 0 0 rg BT 395.79 328.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 423.60 328.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 461.39 328.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 503.06 328.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 542.53 328.25 Td (due ) Tj ET Q q 0 0 0 rg BT 559.23 328.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.32 316.25 Td (widening ) Tj ET Q q 0 0 0 rg BT 383.39 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.58 316.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 422.20 316.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 456.04 316.25 Td (which ) Tj ET Q q 0 0 0 rg BT 484.33 316.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 519.84 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 531.48 316.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 559.22 316.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 304.25 Td (securitized ) Tj ET Q q 0 0 0 rg BT 371.63 304.25 Td (products ) Tj ET Q q 0 0 0 rg BT 408.13 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.64 304.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 466.70 304.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 509.03 304.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 544.41 304.25 Td (of) Tj ET Q q 0 0 0 rg BT 552.56 304.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 292.25 Td (by ) Tj ET Q q 0 0 0 rg BT 338.44 292.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 378.39 292.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 416.12 292.25 Td (from ) Tj ET Q q 0 0 0 rg BT 437.75 292.25 Td (client ) Tj ET Q q 0 0 0 rg BT 462.15 292.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 494.33 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.30 292.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 544.25 292.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 280.25 Td (products ) Tj ET Q q 0 0 0 rg BT 367.43 280.25 Td (from ) Tj ET Q q 0 0 0 rg BT 393.60 280.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 425.89 280.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 466.51 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.69 280.25 Td (widening ) Tj ET Q q 0 0 0 rg BT 531.64 280.25 Td (bid-of) Tj ET Q q 0 0 0 rg BT 555.90 280.25 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 268.25 Td (spreads. ) Tj ET Q q 0 0 0 rg BT 361.00 268.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 377.71 268.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 409.40 268.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 447.20 268.25 Td (increased, ) Tj ET Q q 0 0 0 rg BT 489.72 268.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 529.19 268.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 557.00 268.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 256.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 357.49 256.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 393.18 256.25 Td (on ) Tj ET Q q 0 0 0 rg BT 407.61 256.25 Td (Agency ) Tj ET Q q 0 0 0 rg BT 444.41 256.25 Td (products ) Tj ET Q q 0 0 0 rg BT 484.54 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.67 256.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 535.92 256.25 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 244.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 363.17 244.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.45 244.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 406.49 244.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 438.98 244.25 Td (facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 222.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 222.25 Td (T) Tj ET Q q 0 0 0 rg BT 332.01 222.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 362.38 222.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 402.74 222.25 Td (from ) Tj ET Q q 0 0 0 rg BT 427.00 222.25 Td (Commodities ) Tj ET Q q 0 0 0 rg BT 485.71 222.25 Td (products ) Tj ET Q q 0 0 0 rg BT 524.97 222.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.23 222.25 Td (Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 210.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 367.24 210.25 Td (as ) Tj ET Q q 0 0 0 rg BT 377.14 210.25 Td (a ) Tj ET Q q 0 0 0 rg BT 383.16 210.25 Td (result ) Tj ET Q q 0 0 0 rg BT 406.95 210.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.85 210.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 441.20 210.25 Td (client ) Tj ET Q q 0 0 0 rg BT 464.98 210.25 Td (structuring ) Tj ET Q q 0 0 0 rg BT 509.88 210.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 541.45 210.25 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 198.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 374.46 198.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 429.32 198.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 456.42 198.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 475.76 198.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 533.68 198.25 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 186.25 Td (of) Tj ET Q q 0 0 0 rg BT 334.40 186.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 352.34 186.25 Td (by ) Tj ET Q q 0 0 0 rg BT 365.83 186.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 407.66 186.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 449.48 186.25 Td (management ) Tj ET Q q 0 0 0 rg BT 504.06 186.25 Td (in ) Tj ET Q q 0 0 0 rg BT 515.34 186.25 Td (commodities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 174.25 Td (due ) Tj ET Q q 0 0 0 rg BT 344.78 174.25 Td (to ) Tj ET Q q 0 0 0 rg BT 356.65 174.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 386.29 174.25 Td (market ) Tj ET Q q 0 0 0 rg BT 418.15 174.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 458.35 174.25 Td (in ) Tj ET Q q 0 0 0 rg BT 470.22 174.25 Td (ener) Tj ET Q q 0 0 0 rg BT 487.24 174.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 501.34 174.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.87 174.25 Td (metals. ) Tj ET Q q 0 0 0 rg BT 552.56 174.25 Td (Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 162.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.18 162.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 396.22 162.25 Td (increased, ) Tj ET Q q 0 0 0 rg BT 438.97 162.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 479.79 162.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 505.05 162.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 538.66 162.25 Td (costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 140.25 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 118.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 118.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 350.49 118.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 371.40 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.31 118.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 417.11 118.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 454.11 118.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.92 118.25 Td ($240 ) Tj ET Q q 0 0 0 rg BT 485.39 118.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.28 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 515.75 118.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.00 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 118.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 106.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 356.90 106.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 396.98 106.25 Td (from ) Tj ET Q q 0 0 0 rg BT 418.75 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.30 106.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 455.07 106.25 Td (year ) Tj ET Q q 0 0 0 rg BT 474.61 106.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 505.26 106.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 545.90 106.25 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 94.25 Td (on ) Tj ET Q q 0 0 0 rg BT 339.70 94.25 Td (hedges ) Tj ET Q q 0 0 0 rg BT 370.91 94.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 415.45 94.25 Td (with ) Tj ET Q q 0 0 0 rg BT 436.68 94.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 461.24 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.12 94.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 512.56 94.25 Td (commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 82.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 367.53 82.25 Td (with ) Tj ET Q q 0 0 0 rg BT 387.16 82.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 412.91 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 422.54 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.62 82.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 457.91 82.25 Td (year ) Tj ET Q q 0 0 0 rg BT 476.97 82.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 504.89 82.25 Td (, ) Tj ET Q q 0 0 0 rg BT 509.24 82.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 544.42 82.25 Td (of) Tj ET Q q 0 0 0 rg BT 552.57 82.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 70.25 Td (by ) Tj ET Q q 0 0 0 rg BT 341.68 70.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 371.01 70.25 Td (related ) Tj ET Q q 0 0 0 rg BT 403.64 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 416.85 70.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 470.06 70.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 516.59 70.25 Td (with ) Tj ET Q q 0 0 0 rg BT 539.80 70.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 58.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 367.62 58.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 403.43 58.25 Td (cash-based ) Tj ET Q q 0 0 0 rg BT 449.79 58.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 507.84 58.25 Td (plans.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I31 Do Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (10) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 722.25 Td (Investments, Other Revenues, Non-interest Expenses, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 710.25 Td (Income T) Tj ET Q q 0 0 0 rg BT 83.80 710.25 Td (ax Items) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 688.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 666.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 666.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 71.74 666.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 118.92 666.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 146.11 666.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.74 666.25 Td ($25 ) Tj ET Q q 0 0 0 rg BT 176.04 666.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.93 666.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.23 666.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.31 666.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.83 666.25 Td (current ) Tj ET Q q 0 0 0 rg BT 266.44 666.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 654.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 96.62 654.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.59 654.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 131.90 654.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.87 654.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.28 654.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 180.91 654.25 Td (year ) Tj ET Q q 0 0 0 rg BT 201.31 654.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 229.23 654.25 Td (, ) Tj ET Q q 0 0 0 rg BT 234.92 654.25 Td (were ) Tj ET Q q 0 0 0 rg BT 257.55 654.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 642.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 82.62 642.25 Td (by ) Tj ET Q q 0 0 0 rg BT 95.70 642.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 122.67 642.25 Td (in ) Tj ET Q q 0 0 0 rg BT 133.53 642.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.82 642.25 Td (current ) Tj ET Q q 0 0 0 rg BT 180.21 642.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 211.61 642.25 Td (on ) Tj ET Q q 0 0 0 rg BT 224.69 642.25 Td (an ) Tj ET Q q 0 0 0 rg BT 237.20 642.25 Td (ener) Tj ET Q q 0 0 0 rg BT 254.23 642.25 Td (gy-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 630.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 109.05 630.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.65 630.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 168.58 630.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 215.28 630.25 Td (from ) Tj ET Q q 0 0 0 rg BT 245.89 630.25 Td (fund-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 618.25 Td (distributions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 596.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 71.39 596.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 574.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 574.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 78.88 574.25 Td (net ) Tj ET Q q 0 0 0 rg BT 93.20 574.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 119.21 574.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.64 574.25 Td ($1,079 ) Tj ET Q q 0 0 0 rg BT 159.25 574.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.15 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 190.25 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.14 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.47 574.25 Td (current ) Tj ET Q q 0 0 0 rg BT 244.89 574.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 275.32 574.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 94.33 562.25 Td (as ) Tj ET Q q 0 0 0 rg BT 105.77 562.25 Td (a ) Tj ET Q q 0 0 0 rg BT 113.33 562.25 Td (result ) Tj ET Q q 0 0 0 rg BT 138.66 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.10 562.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 215.97 562.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 242.97 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 256.09 562.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 280.31 562.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 87.54 550.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 145.53 550.25 Td (held ) Tj ET Q q 0 0 0 rg BT 166.29 550.25 Td (for ) Tj ET Q q 0 0 0 rg BT 181.50 550.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 200.59 550.25 Td (due ) Tj ET Q q 0 0 0 rg BT 218.57 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.90 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.66 550.25 Td (widening ) Tj ET Q q 0 0 0 rg BT 286.43 550.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 79.00 538.25 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 113.73 538.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 155.39 538.25 Td (with ) Tj ET Q q 0 0 0 rg BT 175.41 538.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 198.75 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.77 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.22 538.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 244.90 538.25 Td (year ) Tj ET Q q 0 0 0 rg BT 264.35 538.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 292.26 538.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 65.84 526.25 Td (well ) Tj ET Q q 0 0 0 rg BT 86.56 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 98.40 526.25 Td (an ) Tj ET Q q 0 0 0 rg BT 111.35 526.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 147.61 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.90 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.62 526.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 215.91 526.25 Td (for ) Tj ET Q q 0 0 0 rg BT 231.08 526.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 257.35 526.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 284.75 526.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 514.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 77.61 514.25 Td (held ) Tj ET Q q 0 0 0 rg BT 97.33 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 111.49 514.25 Td (investment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 722.25 Td (Non-interest ) Tj ET Q q 0 0 0 rg BT 371.42 722.25 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 700.25 Td (Non-interest ) Tj ET Q q 0 0 0 rg BT 370.03 700.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 408.92 700.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.04 700.25 Td ($3,955 ) Tj ET Q q 0 0 0 rg BT 450.33 700.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.22 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.01 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.58 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.58 700.25 Td (current ) Tj ET Q q 0 0 0 rg BT 538.69 700.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 688.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 356.67 688.25 Td (from ) Tj ET Q q 0 0 0 rg BT 377.78 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.66 688.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 412.76 688.25 Td (year ) Tj ET Q q 0 0 0 rg BT 431.64 688.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 459.55 688.25 Td (, ) Tj ET Q q 0 0 0 rg BT 463.72 688.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 502.60 688.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 542.57 688.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.68 688.25 Td (20%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 676.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 352.50 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.78 676.25 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 441.38 676.25 Td (expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 654.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 654.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 389.19 654.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.79 654.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 445.61 654.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 486.87 654.25 Td (remained ) Tj ET Q q 0 0 0 rg BT 529.24 654.25 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 642.25 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 370.99 642.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.19 642.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.82 642.25 Td (current ) Tj ET Q q 0 0 0 rg BT 423.56 642.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 453.30 642.25 Td (as ) Tj ET Q q 0 0 0 rg BT 463.05 642.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.68 642.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 505.87 642.25 Td (from ) Tj ET Q q 0 0 0 rg BT 526.73 642.25 Td (a ) Tj ET Q q 0 0 0 rg BT 532.59 642.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 630.25 Td (in ) Tj ET Q q 0 0 0 rg BT 338.07 630.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.33 630.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 372.25 630.25 Td (value ) Tj ET Q q 0 0 0 rg BT 397.95 630.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.33 630.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 462.14 630.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.97 630.25 Td (which ) Tj ET Q q 0 0 0 rg BT 502.45 630.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 533.70 630.25 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 618.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 384.22 618.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 407.75 618.25 Td (are ) Tj ET Q q 0 0 0 rg BT 422.38 618.25 Td (referenced ) Tj ET Q q 0 0 0 rg BT 466.98 618.25 Td (was ) Tj ET Q q 0 0 0 rg BT 484.96 618.25 Td (of) Tj ET Q q 0 0 0 rg BT 493.11 618.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 509.97 618.25 Td (by ) Tj ET Q q 0 0 0 rg BT 522.39 618.25 Td (an ) Tj ET Q q 0 0 0 rg BT 534.25 618.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 606.25 Td (in ) Tj ET Q q 0 0 0 rg BT 337.53 606.25 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 393.23 606.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 433.38 606.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 492.43 606.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 534.24 606.25 Td (baseline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 594.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 358.37 594.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 419.37 594.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 464.54 594.25 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 507.77 594.25 Td (of ) Tj ET Q q 0 0 0 rg BT 521.56 594.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.24 594.25 Td (benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 582.25 Td (noted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 558.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 558.25 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 404.71 558.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 443.17 558.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 483.29 558.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.43 558.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.01 558.25 Td (current ) Tj ET Q q 0 0 0 rg BT 538.69 558.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 546.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 366.62 546.25 Td (due ) Tj ET Q q 0 0 0 rg BT 384.22 546.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.16 546.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 423.86 546.25 Td (volume-related ) Tj ET Q q 0 0 0 rg BT 487.55 546.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 526.81 546.25 Td (as ) Tj ET Q q 0 0 0 rg BT 538.30 546.25 Td (well ) Tj ET Q q 0 0 0 rg BT 558.67 546.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 534.25 Td (an ) Tj ET Q q 0 0 0 rg BT 340.22 534.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 377.51 534.25 Td (in ) Tj ET Q q 0 0 0 rg BT 389.82 534.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.58 534.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 448.89 534.25 Td (for ) Tj ET Q q 0 0 0 rg BT 465.08 534.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 492.38 534.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 520.81 534.25 Td (for ) Tj ET Q q 0 0 0 rg BT 537.00 534.25 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 522.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 383.19 522.25 Td (held ) Tj ET Q q 0 0 0 rg BT 402.91 522.25 Td (for ) Tj ET Q q 0 0 0 rg BT 417.07 522.25 Td (investment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 500.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 350.86 500.25 Td (T) Tj ET Q q 0 0 0 rg BT 356.05 500.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 368.55 500.25 Td (Items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 478.25 Td (Intermittent ) Tj ET Q q 0 0 0 rg BT 369.30 478.25 Td (net ) Tj ET Q q 0 0 0 rg BT 386.35 478.25 Td (discrete ) Tj ET Q q 0 0 0 rg BT 422.28 478.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 439.34 478.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 475.83 478.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 478.25 Td ($101 ) Tj ET Q q 0 0 0 rg BT 513.84 478.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.73 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 547.57 478.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 466.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 365.72 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.11 466.25 Td (Provision ) Tj ET Q q 0 0 0 rg BT 421.06 466.25 Td (for ) Tj ET Q q 0 0 0 rg BT 437.33 466.25 Td (income ) Tj ET Q q 0 0 0 rg BT 471.37 466.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 496.53 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 508.92 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.75 466.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 549.79 466.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 454.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 345.01 454.25 Td (. ) Tj ET Q q 0 0 0 rg BT 350.73 454.25 Td (For ) Tj ET Q q 0 0 0 rg BT 367.83 454.25 Td (further ) Tj ET Q q 0 0 0 rg BT 398.25 454.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 451.17 454.25 Td (see ) Tj ET Q q 0 0 0 rg BT 467.15 454.25 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.59 454.25 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 529.79 454.25 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 442.25 Td (Information—Income ) Tj ET Q q 0 0 0 rg BT 407.32 442.25 Td (T) Tj ET Q q 0 0 0 rg BT 412.73 442.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 424.67 442.25 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.21 442.25 Td (” ) Tj ET Q q 0 0 0 rg BT 462.15 442.25 Td (herein.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I32 Do Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.65 38.46 Td (1) Tj ET Q q 0 0 0 rg BT 304.82 38.46 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 720.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.34 720.90 Td (ealth Management) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 696.70 Td (Income Statement Information) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 665.2 m 209.5 665.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 665.2 m 250.5 665.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 652.2 m 168.5 652.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 665.2 m 209.5 665.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 652.2 m 209.5 652.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 665.2 m 250.5 665.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 652.2 m 250.5 652.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 652.2 m 294.5 652.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 626.2 m 168.5 626.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 626.2 m 209.5 626.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 626.2 m 250.5 626.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 626.2 m 294.5 626.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 613.2 m 168.5 613.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 613.2 m 209.5 613.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 613.2 m 250.5 613.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 613.2 m 294.5 613.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 600.2 m 168.5 600.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 600.2 m 209.5 600.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 600.2 m 250.5 600.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 600.2 m 294.5 600.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 587.2 m 294.5 587.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 587.2 m 168.5 587.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 574.2 m 168.5 574.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 587.2 m 209.5 587.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 574.2 m 209.5 574.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 587.2 m 250.5 587.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 574.2 m 250.5 574.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 587.2 m 294.5 587.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 574.2 m 294.5 574.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 561.2 m 168.5 561.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 561.2 m 209.5 561.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 561.2 m 250.5 561.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 574.2 m 294.5 574.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 561.2 m 294.5 561.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 548.2 m 168.5 548.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 548.2 m 209.5 548.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 548.2 m 250.5 548.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 548.2 m 294.5 548.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 548.2 m 209.5 548.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 548.2 m 250.5 548.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 535.2 m 168.5 535.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 535.2 m 209.5 535.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 535.2 m 250.5 535.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 535.2 m 294.5 535.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 522.2 m 168.5 522.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 522.2 m 209.5 522.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 522.2 m 250.5 522.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 522.2 m 294.5 522.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 509.2 m 168.5 509.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 496.2 m 168.5 496.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 509.2 m 209.5 509.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 496.2 m 209.5 496.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 509.2 m 250.5 509.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 496.2 m 250.5 496.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 509.2 m 294.5 509.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 496.2 m 294.5 496.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 496.2 m 209.5 496.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 496.2 m 250.5 496.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 483.2 m 168.5 483.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 483.2 m 209.5 483.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 470.2 m 209.5 470.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 483.2 m 250.5 483.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 470.2 m 250.5 470.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 483.2 m 294.5 483.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 470.2 m 168.5 470.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 457.2 m 168.5 457.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 470.2 m 209.5 470.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 457.2 m 209.5 457.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 470.2 m 250.5 470.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 457.2 m 250.5 457.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 470.2 m 294.5 470.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 457.2 m 294.5 457.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 436.2 m 209.5 436.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 436.2 m 168.5 436.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 436.2 m 209.5 436.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 436.2 m 250.5 436.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 436.2 m 294.5 436.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 423.2 m 168.5 423.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 45.5 402.2 m 168.5 402.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 423.2 m 209.5 423.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 402.2 m 209.5 402.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 423.2 m 250.5 423.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 402.2 m 250.5 402.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 423.2 m 294.5 423.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 402.2 m 294.5 402.2 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 669.43 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 171.60 677.43 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 191.20 669.43 Td (March 31,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 48.00 656.15 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 179.60 656.43 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 220.60 656.43 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.30 656.43 Td (% Change) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 643.88 Td (Revenues) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 630.43 Td (Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.00 630.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 630.43 Td (158) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.00 630.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 630.43 Td (109) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.30 630.48 Td (45) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 630.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 617.43 Td (T) Tj ET Q q 0 0 0 rg BT 52.74 617.43 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 190.25 617.43 Td (\(347) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.30 617.43 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 617.43 Td (302) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.30 617.43 Td (N/M) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 604.43 Td (Investments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 198.25 604.43 Td (—) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 242.85 604.43 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 268.15 604.48 Td (\(100) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 604.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 591.43 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 591.43 Td (588) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 591.43 Td (406) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.30 591.48 Td (45) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 591.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 578.43 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 578.43 Td (2,680) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 578.48 Td (2,361) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.30 578.48 Td (14) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 578.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 565.43 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.40 565.43 Td (62) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.35 565.43 Td (80) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 565.43 Td (\(23) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 565.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 552.43 Td (T) Tj ET Q q 0 0 0 rg BT 52.44 552.43 Td (otal non-interest revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 552.43 Td (3,141) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 552.48 Td (3,259) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.05 552.48 Td (\(4) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 552.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 539.43 Td (Interest income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 539.43 Td (1,193) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 539.48 Td (1,413) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 539.43 Td (\(16) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 539.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 526.43 Td (Interest expense) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 526.43 Td (297) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 526.43 Td (283) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 279.75 526.43 Td (5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 526.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 513.43 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 513.43 Td (896) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 513.48 Td (1,130) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 513.43 Td (\(21) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 513.43 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 500.43 Td (Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 500.43 Td (4,037) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 500.48 Td (4,389) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.05 500.48 Td (\(8) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 500.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 487.43 Td (Compensation and benefits) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 487.43 Td (2,212) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 487.48 Td (2,462) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 487.43 Td (\(10) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 487.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 474.43 Td (Non-compensation expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 474.43 Td (770) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 474.43 Td (739) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 279.75 474.43 Td (4) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 474.43 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 461.43 Td (T) Tj ET Q q 0 0 0 rg BT 52.29 461.43 Td (otal non-interest expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 461.43 Td (2,982) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 461.48 Td (3,201) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.05 461.48 Td (\(7) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 461.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 448.43 Td (Income before provision for) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 440.43 Td (income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.00 440.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.25 440.43 Td (1,055) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.00 440.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.25 440.48 Td (1,188) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 440.43 Td (\(1) Tj ET Q q 0 0 0 rg BT 279.71 440.43 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 440.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 427.43 Td (Provision for income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 427.43 Td (191) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 427.43 Td (264) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 427.43 Td (\(28) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 427.43 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 414.43 Td (Net income applicable to) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 406.43 Td (Morgan Stanley) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.00 406.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 406.43 Td (864) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.00 406.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 406.43 Td (924) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.05 406.48 Td (\(6) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 406.43 Td (\)%) Tj ET Q BT /F7 8.50 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 378.70 Td (Results ) Tj ET Q q 0 0 0 rg BT 76.35 378.70 Td (in ) Tj ET Q q 0 0 0 rg BT 86.03 378.70 Td (the ) Tj ET Q q 0 0 0 rg BT 100.01 378.70 Td (W) Tj ET Q q 0 0 0 rg BT 108.65 378.70 Td (ealth ) Tj ET Q q 0 0 0 rg BT 129.98 378.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 184.08 378.70 Td (business ) Tj ET Q q 0 0 0 rg BT 219.88 378.70 Td (segment ) Tj ET Q q 0 0 0 rg BT 255.10 378.70 Td (reflect ) Tj ET Q q 0 0 0 rg BT 282.54 378.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 366.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 90.06 366.70 Td (ef) Tj ET Q q 0 0 0 rg BT 97.65 366.70 Td (fects ) Tj ET Q q 0 0 0 rg BT 119.37 366.70 Td (of ) Tj ET Q q 0 0 0 rg BT 130.55 366.70 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 178.39 366.70 Td (on ) Tj ET Q q 0 0 0 rg BT 191.24 366.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.31 366.70 Td (economy ) Tj ET Q q 0 0 0 rg BT 245.81 366.70 Td (and ) Tj ET Q q 0 0 0 rg BT 263.10 366.70 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 354.70 Td (in ) Tj ET Q q 0 0 0 rg BT 55.28 354.70 Td (March ) Tj ET Q q 0 0 0 rg BT 83.88 354.70 Td (2020. ) Tj ET Q q 0 0 0 rg BT 108.88 354.70 Td (In ) Tj ET Q q 0 0 0 rg BT 119.71 354.70 Td (particular) Tj ET Q q 0 0 0 rg BT 157.62 354.70 Td (, ) Tj ET Q q 0 0 0 rg BT 162.62 354.70 Td (in ) Tj ET Q q 0 0 0 rg BT 172.90 354.70 Td (March: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 330.70 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 330.70 Td (The ) Tj ET Q q 0 0 0 rg BT 73.22 330.70 Td (decline ) Tj ET Q q 0 0 0 rg BT 105.76 330.70 Td (in ) Tj ET Q q 0 0 0 rg BT 117.21 330.70 Td (global ) Tj ET Q q 0 0 0 rg BT 145.88 330.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 168.99 330.70 Td (prices ) Tj ET Q q 0 0 0 rg BT 196.53 330.70 Td (contributed ) Tj ET Q q 0 0 0 rg BT 245.75 330.70 Td (to ) Tj ET Q q 0 0 0 rg BT 257.20 330.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 284.76 330.70 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 318.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 104.05 318.70 Td (associated ) Tj ET Q q 0 0 0 rg BT 147.41 318.70 Td (with ) Tj ET Q q 0 0 0 rg BT 167.46 318.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 196.94 318.70 Td (employee ) Tj ET Q q 0 0 0 rg BT 238.08 318.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 273.66 318.70 Td (cash-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 306.70 Td (based ) Tj ET Q q 0 0 0 rg BT 81.24 306.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 141.26 306.70 Td (plans ) Tj ET Q q 0 0 0 rg BT 166.84 306.70 Td (of ) Tj ET Q q 0 0 0 rg BT 179.65 306.70 Td ($426 ) Tj ET Q q 0 0 0 rg BT 204.12 306.70 Td (million ) Tj ET Q q 0 0 0 rg BT 237.49 306.70 Td (in ) Tj ET Q q 0 0 0 rg BT 249.74 306.70 Td (the ) Tj ET Q q 0 0 0 rg BT 266.44 306.70 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 294.70 Td (quarter) Tj ET Q q 0 0 0 rg BT 81.76 294.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 270.70 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 270.70 Td (Already ) Tj ET Q q 0 0 0 rg BT 88.47 270.70 Td (elevated ) Tj ET Q q 0 0 0 rg BT 124.04 270.70 Td (market ) Tj ET Q q 0 0 0 rg BT 154.07 270.70 Td (volumes ) Tj ET Q q 0 0 0 rg BT 190.22 270.70 Td (and ) Tj ET Q q 0 0 0 rg BT 206.92 270.70 Td (volatility ) Tj ET Q q 0 0 0 rg BT 245.29 270.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 286.97 270.70 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 258.70 Td (the ) Tj ET Q q 0 0 0 rg BT 67.99 258.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 89.21 258.70 Td (year ) Tj ET Q q 0 0 0 rg BT 108.19 258.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 138.28 258.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 177.81 258.70 Td (further) Tj ET Q q 0 0 0 rg BT 204.62 258.70 Td (, ) Tj ET Q q 0 0 0 rg BT 208.90 258.70 Td ( ) Tj ET Q q 0 0 0 rg BT 210.67 258.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 247.44 258.70 Td (in ) Tj ET Q q 0 0 0 rg BT 257.00 258.70 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 246.70 Td (commissions ) Tj ET Q q 0 0 0 rg BT 108.73 246.70 Td (from ) Tj ET Q q 0 0 0 rg BT 130.67 246.70 Td (client ) Tj ET Q q 0 0 0 rg BT 155.38 246.70 Td (activity) Tj ET Q q 0 0 0 rg BT 184.72 246.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 224.70 Td (These ) Tj ET Q q 0 0 0 rg BT 72.56 224.70 Td (ef) Tj ET Q q 0 0 0 rg BT 80.15 224.70 Td (fects, ) Tj ET Q q 0 0 0 rg BT 105.22 224.70 Td (in ) Tj ET Q q 0 0 0 rg BT 116.68 224.70 Td (the ) Tj ET Q q 0 0 0 rg BT 132.59 224.70 Td (context ) Tj ET Q q 0 0 0 rg BT 165.71 224.70 Td (of ) Tj ET Q q 0 0 0 rg BT 177.73 224.70 Td (the ) Tj ET Q q 0 0 0 rg BT 193.63 224.70 Td (full ) Tj ET Q q 0 0 0 rg BT 211.21 224.70 Td (quarter) Tj ET Q q 0 0 0 rg BT 239.89 224.70 Td (’) Tj ET Q q 0 0 0 rg BT 242.67 224.70 Td (s ) Tj ET Q q 0 0 0 rg BT 250.25 224.70 Td (results, ) Tj ET Q q 0 0 0 rg BT 282.55 224.70 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 212.70 Td (further ) Tj ET Q q 0 0 0 rg BT 74.71 212.70 Td (discussed ) Tj ET Q q 0 0 0 rg BT 115.54 212.70 Td (herein.) Tj ET Q BT /F1 20.00 Tf ET q 0 0 0 rg BT 317.25 715.15 Td ( ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 693.95 Td (Financial Information and Statistical Data) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 651.45 m 446.75 651.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.75 651.45 m 509.75 651.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 651.45 m 566.75 651.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 638.45 m 446.75 638.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.75 638.45 m 509.75 638.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 638.45 m 566.75 638.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 625.45 m 446.75 625.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.75 625.45 m 509.75 625.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 625.45 m 566.75 625.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 604.45 m 446.75 604.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.75 604.45 m 509.75 604.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 604.45 m 566.75 604.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 591.45 m 446.75 591.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.75 591.45 m 509.75 591.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 591.45 m 566.75 591.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 578.45 m 446.75 578.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 565.45 m 446.75 565.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.75 578.45 m 509.75 578.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.75 565.45 m 509.75 565.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 578.45 m 566.75 578.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 565.45 m 566.75 565.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 544.45 m 446.75 544.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 446.75 544.45 m 509.75 544.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 544.45 m 566.75 544.45 l s BT /F7 8.00 Tf ET q 0 0 0 rg BT 473.50 670.13 Td (At) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 459.25 662.13 Td (March 31,) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 468.85 654.13 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 533.95 670.13 Td (At) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.60 662.13 Td (December 31,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 528.85 654.13 Td (2019) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 320.25 655.40 Td ($ in billions, except employee data) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 642.68 Td (Client assets) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 449.25 642.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 482.00 642.68 Td (2,397) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.25 642.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 539.05 642.73 Td (2,700) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 629.68 Td (Fee-based client assets) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 404.74 633.49 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 449.25 629.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 482.00 629.68 Td (1,134) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.25 629.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 539.05 629.73 Td (1,267) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 616.68 Td (Fee-based client assets as a) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 608.68 Td (percentage of total client assets) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 493.20 608.68 Td (47) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 502.10 608.68 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 550.20 608.68 Td (47) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 559.10 608.68 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 595.68 Td (Client liabilities) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 373.16 599.49 Td (2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 449.25 595.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 493.20 595.68 Td (92) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.25 595.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 550.20 595.68 Td (90) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 582.68 Td (Investment securities portfolio) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 449.25 582.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 486.50 582.68 Td (75.5) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.25 582.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 543.50 582.68 Td (67.2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 569.68 Td (Loans and lending commitments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 449.25 569.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 486.50 569.68 Td (95.9) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.25 569.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 543.50 569.68 Td (93.2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 556.68 Td (W) Tj ET Q q 0 0 0 rg BT 327.66 556.68 Td (ealth Management) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 548.68 Td (representatives) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 477.60 548.68 Td (15,432) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 534.60 548.68 Td (15,468) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.75 499.45 m 526.75 499.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.75 499.45 m 567.75 499.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 486.45 m 485.75 486.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.75 499.45 m 526.75 499.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.75 486.45 m 526.75 486.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.75 499.45 m 567.75 499.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.75 486.45 m 567.75 486.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 460.45 m 485.75 460.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 447.45 m 485.75 447.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.75 460.45 m 526.75 460.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.75 447.45 m 526.75 447.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.75 460.45 m 567.75 460.45 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.75 447.45 m 567.75 447.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 434.45 m 485.75 434.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.75 434.45 m 526.75 434.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.75 434.45 m 567.75 434.45 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 488.85 511.68 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 508.45 503.68 Td (March 31,) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 496.85 490.68 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 537.85 490.68 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 477.68 Td (Per representative:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 330.25 464.68 Td (Annualized revenues \($ in thousands\)) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 464.56 468.49 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 488.25 464.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 503.50 464.73 Td (1,045) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.25 464.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.50 464.73 Td (1,1) Tj ET Q q 0 0 0 rg BT 555.62 464.73 Td (18) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 330.25 451.68 Td (Client assets \($ in millions\)) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 425.39 455.49 Td (4) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 488.25 451.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 510.20 451.68 Td (155) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.25 451.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 551.20 451.68 Td (158) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 438.68 Td (Fee-based asset flows \($ in billions\)) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 447.42 442.49 Td (5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 488.25 438.68 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 507.95 438.68 Td (18.4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.25 438.68 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.95 438.68 Td (14.8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.00 Tf ET q 0 0 0 rg BT 317.25 427.75 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 418.75 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 418.75 Td (Fee-based ) Tj ET Q q 0 0 0 rg BT 363.84 418.75 Td (client ) Tj ET Q q 0 0 0 rg BT 383.07 418.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 406.48 418.75 Td (represent ) Tj ET Q q 0 0 0 rg BT 439.89 418.75 Td (the ) Tj ET Q q 0 0 0 rg BT 452.05 418.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 478.79 418.75 Td (of ) Tj ET Q q 0 0 0 rg BT 486.78 418.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 510.18 418.75 Td (in ) Tj ET Q q 0 0 0 rg BT 517.75 418.75 Td (client ) Tj ET Q q 0 0 0 rg BT 536.98 418.75 Td (accounts ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 409.75 Td (where ) Tj ET Q q 0 0 0 rg BT 348.76 409.75 Td (the ) Tj ET Q q 0 0 0 rg BT 361.27 409.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 373.78 409.75 Td (for ) Tj ET Q q 0 0 0 rg BT 384.62 409.75 Td (services ) Tj ET Q q 0 0 0 rg BT 414.21 409.75 Td (is ) Tj ET Q q 0 0 0 rg BT 421.71 409.75 Td (calculated ) Tj ET Q q 0 0 0 rg BT 457.57 409.75 Td (based ) Tj ET Q q 0 0 0 rg BT 480.09 409.75 Td (on ) Tj ET Q q 0 0 0 rg BT 490.52 409.75 Td (those ) Tj ET Q q 0 0 0 rg BT 510.95 409.75 Td (assets.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 534.71 409.75 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 400.75 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 400.75 Td (Client ) Tj ET Q q 0 0 0 rg BT 347.89 400.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 378.71 400.75 Td (include ) Tj ET Q q 0 0 0 rg BT 404.95 400.75 Td (securities-based ) Tj ET Q q 0 0 0 rg BT 462.02 400.75 Td (and ) Tj ET Q q 0 0 0 rg BT 477.01 400.75 Td (tailored ) Tj ET Q q 0 0 0 rg BT 504.07 400.75 Td (lending, ) Tj ET Q q 0 0 0 rg BT 532.82 400.75 Td (residential ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 391.75 Td (real ) Tj ET Q q 0 0 0 rg BT 340.84 391.75 Td (estate ) Tj ET Q q 0 0 0 rg BT 363.36 391.75 Td (loans ) Tj ET Q q 0 0 0 rg BT 383.37 391.75 Td (and ) Tj ET Q q 0 0 0 rg BT 397.97 391.75 Td (margin ) Tj ET Q q 0 0 0 rg BT 422.98 391.75 Td (lending.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 449.25 391.75 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 382.75 Td (3. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 382.75 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 361.64 382.75 Td (per ) Tj ET Q q 0 0 0 rg BT 374.09 382.75 Td (representative ) Tj ET Q q 0 0 0 rg BT 423.23 382.75 Td (equal ) Tj ET Q q 0 0 0 rg BT 443.19 382.75 Td (W) Tj ET Q q 0 0 0 rg BT 450.14 382.75 Td (ealth ) Tj ET Q q 0 0 0 rg BT 468.01 382.75 Td (Management’) Tj ET Q q 0 0 0 rg BT 513.32 382.75 Td (s ) Tj ET Q q 0 0 0 rg BT 518.68 382.75 Td (annualized ) Tj ET Q q 0 0 0 rg BT 556.58 382.75 Td (net ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 373.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 359.19 373.75 Td (divided ) Tj ET Q q 0 0 0 rg BT 385.04 373.75 Td (by ) Tj ET Q q 0 0 0 rg BT 395.05 373.75 Td (the ) Tj ET Q q 0 0 0 rg BT 407.56 373.75 Td (average ) Tj ET Q q 0 0 0 rg BT 436.75 373.75 Td (number ) Tj ET Q q 0 0 0 rg BT 464.26 373.75 Td (of ) Tj ET Q q 0 0 0 rg BT 472.60 373.75 Td (representatives. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 364.75 Td (4. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 364.75 Td (Client ) Tj ET Q q 0 0 0 rg BT 346.56 364.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 369.37 364.75 Td (per ) Tj ET Q q 0 0 0 rg BT 381.34 364.75 Td (representative ) Tj ET Q q 0 0 0 rg BT 430.00 364.75 Td (equal ) Tj ET Q q 0 0 0 rg BT 449.48 364.75 Td (total ) Tj ET Q q 0 0 0 rg BT 464.79 364.75 Td (period-end ) Tj ET Q q 0 0 0 rg BT 501.78 364.75 Td (client ) Tj ET Q q 0 0 0 rg BT 520.42 364.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 543.23 364.75 Td (divided ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 355.75 Td (by ) Tj ET Q q 0 0 0 rg BT 336.26 355.75 Td (period-end ) Tj ET Q q 0 0 0 rg BT 374.20 355.75 Td (number ) Tj ET Q q 0 0 0 rg BT 401.72 355.75 Td (of ) Tj ET Q q 0 0 0 rg BT 410.05 355.75 Td (representatives.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 463.42 355.75 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 346.75 Td (5. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 346.75 Td (For ) Tj ET Q q 0 0 0 rg BT 339.94 346.75 Td (a ) Tj ET Q q 0 0 0 rg BT 346.55 346.75 Td (description ) Tj ET Q q 0 0 0 rg BT 385.25 346.75 Td (of ) Tj ET Q q 0 0 0 rg BT 393.95 346.75 Td (the ) Tj ET Q q 0 0 0 rg BT 406.81 346.75 Td (Inflows ) Tj ET Q q 0 0 0 rg BT 432.59 346.75 Td (and ) Tj ET Q q 0 0 0 rg BT 447.54 346.75 Td (Outflows ) Tj ET Q q 0 0 0 rg BT 479.16 346.75 Td (included ) Tj ET Q q 0 0 0 rg BT 509.53 346.75 Td (within ) Tj ET Q q 0 0 0 rg BT 531.15 346.75 Td (Fee-based ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 337.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 347.64 337.75 Td (flows, ) Tj ET Q q 0 0 0 rg BT 370.28 337.75 Td (see ) Tj ET Q q 0 0 0 rg BT 385.83 337.75 Td (“Management’) Tj ET Q q 0 0 0 rg BT 433.64 337.75 Td (s ) Tj ET Q q 0 0 0 rg BT 440.85 337.75 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 480.58 337.75 Td (and ) Tj ET Q q 0 0 0 rg BT 495.87 337.75 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 527.26 337.75 Td (of ) Tj ET Q q 0 0 0 rg BT 536.98 337.75 Td (Financial ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 328.75 Td (Condition ) Tj ET Q q 0 0 0 rg BT 363.18 328.75 Td (and ) Tj ET Q q 0 0 0 rg BT 380.93 328.75 Td (Results ) Tj ET Q q 0 0 0 rg BT 411.17 328.75 Td (of ) Tj ET Q q 0 0 0 rg BT 422.67 328.75 Td (Operations—Business ) Tj ET Q q 0 0 0 rg BT 502.52 328.75 Td (Segments—W) Tj ET Q q 0 0 0 rg BT 550.74 328.75 Td (ealth ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 319.75 Td (Management—Fee-Based ) Tj ET Q q 0 0 0 rg BT 415.47 319.75 Td (Client ) Tj ET Q q 0 0 0 rg BT 435.66 319.75 Td (Assets” ) Tj ET Q q 0 0 0 rg BT 461.92 319.75 Td (in ) Tj ET Q q 0 0 0 rg BT 469.01 319.75 Td (the ) Tj ET Q q 0 0 0 rg BT 480.69 319.75 Td (2019 ) Tj ET Q q 0 0 0 rg BT 498.63 319.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 517.39 319.75 Td (10-K. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 536.57 319.75 Td (Excludes ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 310.75 Td (institutional ) Tj ET Q q 0 0 0 rg BT 365.86 310.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 383.79 310.75 Td (management-related ) Tj ET Q q 0 0 0 rg BT 455.08 310.75 Td (activity) Tj ET Q q 0 0 0 rg BT 477.45 310.75 Td (.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 479.53 310.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 286.55 Td (T) Tj ET Q q 0 0 0 rg BT 321.97 286.55 Td (ransactional Revenues) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 255.04999999999995 m 481.75 255.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 255.04999999999995 m 522.75 255.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 242.04999999999995 m 440.75 242.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 255.04999999999995 m 481.75 255.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 255.04999999999995 m 522.75 255.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 242.04999999999995 m 566.75 242.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 242.04999999999995 m 481.75 242.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 242.04999999999995 m 522.75 242.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 242.04999999999995 m 566.75 242.04999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 229.04999999999995 m 440.75 229.04999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 216.04999999999995 m 440.75 216.04999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 229.04999999999995 m 481.75 229.04999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 216.04999999999995 m 481.75 216.04999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 229.04999999999995 m 522.75 229.04999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 216.04999999999995 m 522.75 216.04999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 229.04999999999995 m 566.75 229.04999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 216.04999999999995 m 566.75 216.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 203.04999999999995 m 440.75 203.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 203.04999999999995 m 481.75 203.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 203.04999999999995 m 522.75 203.04999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 216.04999999999995 m 566.75 216.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 203.04999999999995 m 566.75 203.04999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 190.04999999999995 m 440.75 190.04999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 190.04999999999995 m 481.75 190.04999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 190.04999999999995 m 522.75 190.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 203.04999999999995 m 566.75 203.04999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 522.75 190.04999999999995 m 566.75 190.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 169.04999999999995 m 440.75 169.04999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 190.04999999999995 m 481.75 190.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.75 169.04999999999995 m 481.75 169.04999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 190.04999999999995 m 522.75 190.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.75 169.04999999999995 m 522.75 169.04999999999995 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 259.28 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 443.85 267.28 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 463.45 259.28 Td (March 31,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 525.25 259.28 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 320.25 246.00 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 451.85 246.28 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 492.85 246.28 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 525.55 246.28 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 233.28 Td (Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 443.25 233.28 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 460.75 233.28 Td (158) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 484.25 233.28 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 501.75 233.28 Td (109) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 547.55 233.33 Td (45) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 559.10 233.28 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 220.28 Td (T) Tj ET Q q 0 0 0 rg BT 324.99 220.28 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.05 220.33 Td (\(347) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 474.10 220.28 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 501.75 220.28 Td (302) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 548.55 220.28 Td (N/M) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 207.28 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 460.75 207.28 Td (588) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 501.75 207.28 Td (406) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 547.55 207.33 Td (45) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 559.10 207.28 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 194.28 Td (T) Tj ET Q q 0 0 0 rg BT 324.25 194.28 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 443.25 194.28 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 460.75 194.28 Td (399) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 484.25 194.28 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 501.75 194.28 Td (817) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.85 194.28 Td (\(51) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.45 194.28 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 181.28 Td (T) Tj ET Q q 0 0 0 rg BT 324.84 181.28 Td (ransactional revenues as a %) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 173.28 Td (of Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 465.20 173.28 Td (10) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 474.10 173.28 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 506.20 173.28 Td (19) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 515.10 173.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I33 Do Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (12) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 722.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 62.49 722.25 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 700.25 Td (T) Tj ET Q q 0 0 0 rg BT 50.74 700.25 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 104.92 700.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 678.25 Td (T) Tj ET Q q 0 0 0 rg BT 50.76 678.25 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 102.35 678.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 141.18 678.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.80 678.25 Td ($399 ) Tj ET Q q 0 0 0 rg BT 176.08 678.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.98 678.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.26 678.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.33 678.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.83 678.25 Td (current ) Tj ET Q q 0 0 0 rg BT 266.44 678.25 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.75 678.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 666.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.41 666.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.87 666.25 Td (51%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.20 666.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.65 666.25 Td (from ) Tj ET Q q 0 0 0 rg BT 129.54 666.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.20 666.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 166.09 666.25 Td (year ) Tj ET Q q 0 0 0 rg BT 185.75 666.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 216.52 666.25 Td (as ) Tj ET Q q 0 0 0 rg BT 227.30 666.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 263.45 666.25 Td (T) Tj ET Q q 0 0 0 rg BT 269.20 666.25 Td (rading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 654.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 82.83 654.25 Td (were ) Tj ET Q q 0 0 0 rg BT 104.55 654.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 140.16 654.25 Td (of) Tj ET Q q 0 0 0 rg BT 148.31 654.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 165.04 654.25 Td (by ) Tj ET Q q 0 0 0 rg BT 177.34 654.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 205.18 654.25 Td (Commissions ) Tj ET Q q 0 0 0 rg BT 261.93 654.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.66 654.25 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 642.25 Td (and ) Tj ET Q q 0 0 0 rg BT 61.94 642.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 108.87 642.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 143.59 642.25 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 620.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 620.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 100.46 620.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 134.70 620.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.27 620.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.02 620.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.05 620.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.85 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.09 620.25 Td (current ) Tj ET Q q 0 0 0 rg BT 266.44 620.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 608.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 92.71 608.25 Td (due ) Tj ET Q q 0 0 0 rg BT 108.64 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.91 608.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 144.95 608.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 181.98 608.25 Td (from ) Tj ET Q q 0 0 0 rg BT 202.91 608.25 Td (structured ) Tj ET Q q 0 0 0 rg BT 244.39 608.25 Td (products ) Tj ET Q q 0 0 0 rg BT 280.32 608.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 596.25 Td (closed-end ) Tj ET Q q 0 0 0 rg BT 99.82 596.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 120.65 596.25 Td (issuances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 574.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 574.25 Td (T) Tj ET Q q 0 0 0 rg BT 59.76 574.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 87.38 574.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 574.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.41 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.49 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.35 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.65 574.25 Td (current ) Tj ET Q q 0 0 0 rg BT 221.04 574.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 251.43 574.25 Td (principally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.25 Td (due ) Tj ET Q q 0 0 0 rg BT 71.67 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.67 562.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 109.79 562.25 Td (related ) Tj ET Q q 0 0 0 rg BT 140.22 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.23 562.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 202.23 562.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 246.55 562.25 Td (with ) Tj ET Q q 0 0 0 rg BT 267.55 562.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 550.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 104.26 550.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 148.96 550.25 Td (cash-based ) Tj ET Q q 0 0 0 rg BT 204.21 550.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 271.14 550.25 Td (plans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 95.92 538.25 Td (with ) Tj ET Q q 0 0 0 rg BT 116.20 538.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 139.81 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.09 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.81 538.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 186.74 538.25 Td (year ) Tj ET Q q 0 0 0 rg BT 206.45 538.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 234.21 538.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 516.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 516.25 Td (Commissions ) Tj ET Q q 0 0 0 rg BT 114.37 516.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.72 516.25 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.73 516.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.48 516.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.39 516.25 Td (in ) Tj ET Q q 0 0 0 rg BT 214.08 516.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.21 516.25 Td (current ) Tj ET Q q 0 0 0 rg BT 266.43 516.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 504.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 93.71 504.25 Td (due ) Tj ET Q q 0 0 0 rg BT 110.65 504.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.93 504.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 161.18 504.25 Td (client ) Tj ET Q q 0 0 0 rg BT 185.89 504.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 218.38 504.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.66 504.25 Td (equities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 482.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 69.17 482.25 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 460.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 70.71 460.25 Td (management ) Tj ET Q q 0 0 0 rg BT 125.28 460.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 164.30 460.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.11 460.25 Td ($2,680 ) Tj ET Q q 0 0 0 rg BT 207.10 460.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.99 460.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.47 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.73 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.44 460.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 448.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.21 448.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.97 448.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.87 448.25 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.20 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 135.09 448.25 Td (from ) Tj ET Q q 0 0 0 rg BT 156.43 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.55 448.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 191.88 448.25 Td (year ) Tj ET Q q 0 0 0 rg BT 210.99 448.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 241.20 448.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 280.31 448.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 54.59 436.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 81.96 436.25 Td (fee-based ) Tj ET Q q 0 0 0 rg BT 122.08 436.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 147.22 436.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 172.36 436.25 Td (at ) Tj ET Q q 0 0 0 rg BT 181.40 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.43 436.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 237.24 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.38 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.42 436.25 Td (monthly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 424.25 Td (billing ) Tj ET Q q 0 0 0 rg BT 73.93 424.25 Td (cycles ) Tj ET Q q 0 0 0 rg BT 101.74 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.33 424.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 135.15 424.25 Td (due ) Tj ET Q q 0 0 0 rg BT 152.41 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.01 424.25 Td (market ) Tj ET Q q 0 0 0 rg BT 193.59 424.25 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 245.83 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 263.08 424.25 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 412.25 Td (net ) Tj ET Q q 0 0 0 rg BT 59.72 412.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 86.94 412.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 122.76 412.25 Td (of) Tj ET Q q 0 0 0 rg BT 130.91 412.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 147.85 412.25 Td (by ) Tj ET Q q 0 0 0 rg BT 160.35 412.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 185.62 412.25 Td (average ) Tj ET Q q 0 0 0 rg BT 219.20 412.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 233.91 412.25 Td (rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 390.25 Td (See ) Tj ET Q q 0 0 0 rg BT 61.94 390.25 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.38 390.25 Td (Fee-Based ) Tj ET Q q 0 0 0 rg BT 111.08 390.25 Td (Client ) Tj ET Q q 0 0 0 rg BT 137.48 390.25 Td (Assets—Rollforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.36 390.25 Td (” ) Tj ET Q q 0 0 0 rg BT 233.30 390.25 Td (herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 378.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 366.25 Td (Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 344.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 70.34 344.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 108.46 344.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.36 344.25 Td ($62 ) Tj ET Q q 0 0 0 rg BT 136.94 344.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.83 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 168.41 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.76 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.55 344.25 Td (current ) Tj ET Q q 0 0 0 rg BT 224.44 344.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 255.33 344.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 332.25 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.33 332.25 Td ( ) Tj ET Q q 0 0 0 rg BT 65.64 332.25 Td (from ) Tj ET Q q 0 0 0 rg BT 87.39 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.91 332.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 123.66 332.25 Td (year ) Tj ET Q q 0 0 0 rg BT 143.18 332.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 173.80 332.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 213.33 332.25 Td (due ) Tj ET Q q 0 0 0 rg BT 230.07 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.16 332.25 Td (an ) Tj ET Q q 0 0 0 rg BT 251.91 332.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 286.97 332.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 59.72 320.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 100.00 320.25 Td (for ) Tj ET Q q 0 0 0 rg BT 114.16 320.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 139.42 320.25 Td (losses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 296.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 61.94 296.25 Td (Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 274.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 60.87 274.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 91.73 274.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.49 274.25 Td ($896 ) Tj ET Q q 0 0 0 rg BT 122.92 274.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.81 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.24 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.45 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.10 274.25 Td (current ) Tj ET Q q 0 0 0 rg BT 205.84 274.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 235.59 274.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.43 274.25 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.76 274.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 262.25 Td (from ) Tj ET Q q 0 0 0 rg BT 66.70 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.18 262.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 102.88 262.25 Td (year ) Tj ET Q q 0 0 0 rg BT 122.35 262.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 152.93 262.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 192.41 262.25 Td (due ) Tj ET Q q 0 0 0 rg BT 209.11 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.15 262.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 244.18 262.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 275.88 262.25 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 250.25 Td (on ) Tj ET Q q 0 0 0 rg BT 57.54 250.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 84.52 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.50 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.26 250.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 162.68 250.25 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 202.71 250.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 237.46 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.78 250.25 Td (our ) Tj ET Q q 0 0 0 rg BT 263.65 250.25 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 238.25 Td (mix, ) Tj ET Q q 0 0 0 rg BT 66.88 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 85.15 238.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 114.52 238.25 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 165.55 238.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 219.91 238.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 255.94 238.25 Td (related ) Tj ET Q q 0 0 0 rg BT 286.97 238.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 226.25 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 119.51 226.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 164.51 226.25 Td (These ) Tj ET Q q 0 0 0 rg BT 193.49 226.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 236.90 226.25 Td (were ) Tj ET Q q 0 0 0 rg BT 261.43 226.25 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 214.25 Td (of) Tj ET Q q 0 0 0 rg BT 53.15 214.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 71.15 214.25 Td (by ) Tj ET Q q 0 0 0 rg BT 84.71 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.48 214.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 131.25 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.14 214.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 169.47 214.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 191.90 214.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 212.68 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 226.24 214.25 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 269.77 214.25 Td (sweep ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 202.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 80.28 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.22 202.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 125.26 202.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 148.31 202.25 Td (balances.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 180.25 Td (Non-inter) Tj ET Q q 0 0 0 rg BT 86.48 180.25 Td (est ) Tj ET Q q 0 0 0 rg BT 100.64 180.25 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 158.25 Td (Non-interest ) Tj ET Q q 0 0 0 rg BT 97.78 158.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 136.67 158.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.79 158.25 Td ($2,982 ) Tj ET Q q 0 0 0 rg BT 178.08 158.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.97 158.25 Td ( ) Tj ET Q q 0 0 0 rg BT 209.76 158.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.33 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.33 158.25 Td (current ) Tj ET Q q 0 0 0 rg BT 266.44 158.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 146.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.41 146.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.23 146.25 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.56 146.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.38 146.25 Td (from ) Tj ET Q q 0 0 0 rg BT 125.64 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.68 146.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 162.94 146.25 Td (year ) Tj ET Q q 0 0 0 rg BT 182.96 146.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 214.10 146.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 254.13 146.25 Td (as ) Tj ET Q q 0 0 0 rg BT 265.28 146.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.54 146.25 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 134.25 Td (of ) Tj ET Q q 0 0 0 rg BT 56.23 134.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 81.89 134.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 142.56 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.90 134.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 194.45 134.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 235.95 134.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 272.16 134.25 Td (of) Tj ET Q q 0 0 0 rg BT 280.31 134.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 122.25 Td (by ) Tj ET Q q 0 0 0 rg BT 57.50 122.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 85.55 122.25 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 164.14 122.25 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 100.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 100.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 113.64 100.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.95 100.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 163.47 100.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.43 100.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.85 100.25 Td ( ) Tj ET Q q 0 0 0 rg BT 242.71 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.36 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.44 100.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 88.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 81.92 88.25 Td (, ) Tj ET Q q 0 0 0 rg BT 89.83 88.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 132.46 88.25 Td (due ) Tj ET Q q 0 0 0 rg BT 152.31 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 165.51 88.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 209.23 88.25 Td (in ) Tj ET Q q 0 0 0 rg BT 222.42 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.06 88.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 259.35 88.25 Td (value ) Tj ET Q q 0 0 0 rg BT 286.42 88.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 76.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 103.40 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.81 76.25 Td (which ) Tj ET Q q 0 0 0 rg BT 138.88 76.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 167.71 76.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 202.64 76.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 259.81 76.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 282.55 76.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 64.25 Td (referenced, ) Tj ET Q q 0 0 0 rg BT 102.32 64.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 139.28 64.25 Td (of) Tj ET Q q 0 0 0 rg BT 147.43 64.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 165.50 64.25 Td (by ) Tj ET Q q 0 0 0 rg BT 179.14 64.25 Td (an ) Tj ET Q q 0 0 0 rg BT 192.22 64.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 228.61 64.25 Td (in ) Tj ET Q q 0 0 0 rg BT 240.03 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.88 64.25 Td (formulaic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 722.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 356.03 722.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.18 722.10 Td (W) Tj ET Q q 0 0 0 rg BT 374.82 722.10 Td (ealth ) Tj ET Q q 0 0 0 rg BT 396.82 722.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 451.58 722.10 Td (representatives ) Tj ET Q q 0 0 0 rg BT 514.12 722.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 542.23 722.10 Td (by ) Tj ET Q q 0 0 0 rg BT 554.79 722.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 710.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 344.31 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.14 710.10 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 686.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 686.10 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 404.71 686.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.17 686.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.92 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.29 686.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.43 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.01 686.10 Td (current ) Tj ET Q q 0 0 0 rg BT 538.69 686.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 674.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 368.34 674.10 Td (due ) Tj ET Q q 0 0 0 rg BT 387.66 674.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.31 674.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 452.39 674.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 493.37 674.10 Td (related ) Tj ET Q q 0 0 0 rg BT 525.45 674.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.10 674.10 Td (Solium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 662.10 Td (Capital, ) Tj ET Q q 0 0 0 rg BT 361.27 662.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 382.69 662.10 Td (which ) Tj ET Q q 0 0 0 rg BT 410.77 662.10 Td (was ) Tj ET Q q 0 0 0 rg BT 429.96 662.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 468.03 662.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.45 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.31 662.10 Td (second ) Tj ET Q q 0 0 0 rg BT 526.72 662.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 558.68 662.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 650.10 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.25 624.10 Td (Fee-Based Client ) Tj ET Q q 0 0 0 rg BT 391.68 624.10 Td (Assets) Tj ET Q BT /F3 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 599.90 Td (Rollforwards) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 564.4 m 384.75 564.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 564.4 m 431.75 564.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 564.4 m 458.75 564.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 564.4 m 490.75 564.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 564.4 m 516.75 564.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 564.4 m 567.75 564.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 564.4 m 431.75 564.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 564.4 m 458.75 564.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 564.4 m 490.75 564.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 564.4 m 516.75 564.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 546.4 m 384.75 546.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 546.4 m 431.75 546.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 546.4 m 458.75 546.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 546.4 m 490.75 546.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 546.4 m 516.75 546.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 546.4 m 567.75 546.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 534.4 m 384.75 534.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 522.4 m 384.75 522.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 534.4 m 431.75 534.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 522.4 m 431.75 522.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 534.4 m 458.75 534.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 522.4 m 458.75 522.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 534.4 m 490.75 534.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 522.4 m 490.75 522.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 534.4 m 516.75 534.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 522.4 m 516.75 522.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 534.4 m 567.75 534.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 522.4 m 567.75 522.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 510.4 m 384.75 510.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 510.4 m 431.75 510.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 510.4 m 458.75 510.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 510.4 m 490.75 510.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 510.4 m 516.75 510.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 510.4 m 567.75 510.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 510.4 m 458.75 510.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 498.4 m 458.75 498.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 510.4 m 490.75 510.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 498.4 m 490.75 498.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 510.4 m 516.75 510.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 498.4 m 516.75 498.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 510.4 m 567.75 510.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 498.4 m 567.75 498.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 498.4 m 384.75 498.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 486.4 m 384.75 486.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 498.4 m 431.75 498.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 486.4 m 431.75 486.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 498.4 m 458.75 498.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 486.4 m 458.75 486.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 498.4 m 490.75 498.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 486.4 m 490.75 486.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 498.4 m 516.75 498.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 486.4 m 516.75 486.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 498.4 m 567.75 498.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 486.4 m 567.75 486.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 468.4 m 384.75 468.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 468.4 m 431.75 468.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 486.4 m 458.75 486.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 468.4 m 458.75 468.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 486.4 m 490.75 486.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 468.4 m 490.75 468.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 486.4 m 516.75 486.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 468.4 m 516.75 468.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 486.4 m 567.75 486.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 468.4 m 567.75 468.4 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 568.18 Td ($ in billions) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 404.65 581.32 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 387.30 574.82 Td (December 31,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 400.50 568.32 Td (2019) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 434.60 568.32 Td (Inflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 461.60 568.32 Td (Outflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 493.30 574.82 Td (Market) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 493.45 568.32 Td (Impact) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 538.30 581.32 Td (At) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 526.75 574.82 Td (March 31,) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 534.50 568.32 Td (2020) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 556.82 Td (Separately ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 324.75 550.32 Td (managed) Tj ET Q BT /F6 6.50 Tf ET BT /F6 4.22 Tf ET q 0 0 0 rg BT 351.86 553.42 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 387.25 550.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 418.20 550.32 Td (322) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 434.25 550.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 448.80 550.32 Td (12) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 461.25 550.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 482.25 550.32 Td (\(7) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 488.05 550.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 493.25 550.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 510.40 550.32 Td (2) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 519.25 550.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 554.20 550.32 Td (329) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 538.32 Td (Unified managed) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 418.20 538.32 Td (313) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 448.80 538.32 Td (16) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 478.65 538.32 Td (\(13) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 488.05 538.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 504.65 538.32 Td (\(53) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 514.05 538.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 554.20 538.32 Td (263) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 526.32 Td (Advisor) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 418.20 526.32 Td (155) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 448.80 526.32 Td (10) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 482.25 526.32 Td (\(9) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 488.05 526.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 504.65 526.32 Td (\(25) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 514.05 526.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 554.20 526.32 Td (131) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 514.32 Td (Portfolio manager) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 418.20 514.32 Td (435) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 448.80 514.32 Td (27) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 478.65 514.32 Td (\(18) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 488.05 514.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 504.65 514.32 Td (\(65) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 514.05 514.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 554.20 514.32 Td (379) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 502.32 Td (Subtotal) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 387.25 502.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 412.75 502.32 Td (1,225) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 434.25 502.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 448.80 502.32 Td (65) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 461.25 502.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 478.65 502.32 Td (\(47) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 488.05 502.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 493.25 502.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 501.00 502.32 Td (\(141) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 514.05 502.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 519.25 502.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 548.75 502.32 Td (1,102) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 490.32 Td (Cash management) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 421.80 490.32 Td (42) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 452.40 490.32 Td (4) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 478.65 490.32 Td (\(14) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 488.05 490.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 507.55 490.32 Td (—) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 557.80 490.32 Td (32) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 320.25 478.82 Td (T) Tj ET Q q 0 0 0 rg BT 323.74 478.82 Td (otal fee-based) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 324.75 472.32 Td (client assets) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 387.25 472.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 412.75 472.32 Td (1,267) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 434.25 472.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 448.80 472.32 Td (69) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 461.25 472.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 478.65 472.32 Td (\(61) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 488.05 472.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 493.25 472.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 501.00 472.32 Td (\(141) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 514.05 472.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 519.25 472.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 548.75 472.32 Td (1,134) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 435.4 m 384.75 435.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 435.4 m 431.75 435.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 435.4 m 458.75 435.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 435.4 m 490.75 435.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 435.4 m 516.75 435.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 435.4 m 567.75 435.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 435.4 m 431.75 435.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 435.4 m 458.75 435.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 435.4 m 490.75 435.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 435.4 m 516.75 435.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 418.4 m 384.75 418.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 418.4 m 431.75 418.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 418.4 m 458.75 418.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 418.4 m 490.75 418.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 418.4 m 516.75 418.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 418.4 m 567.75 418.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 407.4 m 384.75 407.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 396.4 m 384.75 396.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 407.4 m 431.75 407.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 396.4 m 431.75 396.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 407.4 m 458.75 407.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 396.4 m 458.75 396.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 407.4 m 490.75 407.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 396.4 m 490.75 396.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 407.4 m 516.75 407.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 396.4 m 516.75 396.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 407.4 m 567.75 407.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 396.4 m 567.75 396.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 385.4 m 384.75 385.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 385.4 m 431.75 385.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 385.4 m 458.75 385.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 385.4 m 490.75 385.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 385.4 m 516.75 385.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 385.4 m 567.75 385.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 385.4 m 458.75 385.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 374.4 m 458.75 374.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 385.4 m 490.75 385.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 374.4 m 490.75 374.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 385.4 m 516.75 385.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 374.4 m 516.75 374.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 374.4 m 384.75 374.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 363.4 m 384.75 363.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 374.4 m 431.75 374.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384.75 363.4 m 431.75 363.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 374.4 m 458.75 374.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 363.4 m 458.75 363.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 374.4 m 490.75 374.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 363.4 m 490.75 363.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 374.4 m 516.75 374.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 363.4 m 516.75 363.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 374.4 m 567.75 374.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 516.75 363.4 m 567.75 363.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317.75 346.4 m 384.75 346.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 384.75 346.4 m 431.75 346.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 363.4 m 458.75 363.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.75 346.4 m 458.75 346.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.75 363.4 m 490.75 363.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 458.75 346.4 m 490.75 346.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.75 363.4 m 516.75 363.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.75 346.4 m 516.75 346.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.75 346.4 m 567.75 346.4 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 439.18 Td ($ in billions) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 404.65 451.17 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 387.30 444.67 Td (December 31,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 400.50 438.17 Td (2018) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 434.60 439.32 Td (Inflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 461.60 439.32 Td (Outflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 493.30 445.82 Td (Market) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 493.45 439.32 Td (Impact) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 538.65 451.17 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 527.25 444.67 Td (March 31,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 534.50 438.17 Td (2019) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 428.17 Td (Separately ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 324.75 421.67 Td (managed) Tj ET Q BT /F6 6.50 Tf ET BT /F6 4.22 Tf ET q 0 0 0 rg BT 351.86 424.77 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 387.25 422.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 418.20 422.32 Td (279) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 434.25 422.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 448.80 422.32 Td (14) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 461.25 422.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 482.25 422.32 Td (\(5) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 488.05 422.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 493.25 422.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 504.65 422.32 Td (\(12) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 514.05 422.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 519.25 422.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 554.20 422.32 Td (276) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 411.17 Td (Unified managed) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 418.20 411.17 Td (257) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 448.80 411.17 Td (13) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 478.65 411.17 Td (\(1) Tj ET Q q 0 0 0 rg BT 484.43 411.17 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 488.05 411.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 506.80 411.17 Td (24) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 554.20 411.17 Td (283) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 400.17 Td (Advisor) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 418.20 400.17 Td (137) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 452.40 400.17 Td (8) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 482.25 400.17 Td (\(9) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 488.05 400.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 506.80 400.17 Td (1) Tj ET Q q 0 0 0 rg BT 510.42 400.17 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 554.20 400.17 Td (147) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 389.17 Td (Portfolio manager) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 418.20 389.17 Td (353) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 448.80 389.17 Td (19) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 478.65 389.17 Td (\(14) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 488.05 389.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 506.80 389.17 Td (33) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 554.20 389.17 Td (391) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 378.17 Td (Subtotal) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 387.25 378.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 412.75 378.17 Td (1,026) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 434.25 378.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 448.80 378.17 Td (54) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 461.25 378.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 478.65 378.17 Td (\(39) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 488.05 378.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 493.25 378.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 506.80 378.17 Td (56) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 519.25 378.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 548.75 378.17 Td (1,097) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 320.25 367.17 Td (Cash management) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 421.80 367.17 Td (20) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 452.40 367.17 Td (4) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 482.25 367.17 Td (\(5) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 488.05 367.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 507.55 367.17 Td (—) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 557.80 367.17 Td (19) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 320.25 356.17 Td (T) Tj ET Q q 0 0 0 rg BT 323.74 356.17 Td (otal fee-based) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 324.75 349.67 Td (client assets) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 387.25 350.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 412.75 350.32 Td (1,046) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 434.25 350.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 448.80 350.32 Td (58) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 461.25 350.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 478.65 350.32 Td (\(44) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 488.05 350.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 493.25 350.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 506.80 350.32 Td (56) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 519.25 350.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 548.75 350.32 Td (1,1) Tj ET Q q 0 0 0 rg BT 557.79 350.32 Td (16) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 326.70 Td (A) Tj ET Q q 0 0 0 rg BT 323.07 326.70 Td (verage Fee Rates) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 296.20000000000005 m 521.75 296.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 296.20000000000005 m 567.75 296.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 284.20000000000005 m 475.75 284.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 296.20000000000005 m 521.75 296.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 284.20000000000005 m 521.75 284.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 296.20000000000005 m 567.75 296.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 284.20000000000005 m 567.75 284.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 284.20000000000005 m 521.75 284.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 284.20000000000005 m 567.75 284.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 272.20000000000005 m 475.75 272.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 272.20000000000005 m 521.75 272.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 272.20000000000005 m 567.75 272.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 260.20000000000005 m 475.75 260.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 260.20000000000005 m 521.75 260.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 260.20000000000005 m 567.75 260.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 248.20000000000005 m 475.75 248.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 248.20000000000005 m 521.75 248.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 248.20000000000005 m 567.75 248.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 236.20000000000005 m 475.75 236.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 236.20000000000005 m 521.75 236.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 236.20000000000005 m 567.75 236.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 224.20000000000005 m 475.75 224.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 212.20000000000005 m 475.75 212.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 224.20000000000005 m 521.75 224.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 212.20000000000005 m 521.75 212.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 224.20000000000005 m 567.75 224.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 212.20000000000005 m 567.75 212.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 200.20000000000005 m 475.75 200.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.75 200.20000000000005 m 521.75 200.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 521.75 200.20000000000005 m 567.75 200.20000000000005 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 300.43 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 486.20 307.79 Td (Three Months Ended) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 504.55 300.29 Td (March 31,) Tj ET Q BT /F8 6.50 Tf ET q 0 0 0 rg BT 320.25 288.07 Td (Fee rate in bps) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 489.90 288.24 Td (2020) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 535.90 288.24 Td (2019) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 320.25 276.24 Td (Separately managed) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 510.35 276.24 Td (14) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.40 276.24 Td (14) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 320.25 264.24 Td (Unified managed) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 510.35 264.24 Td (99) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 552.20 264.24 Td (101) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 320.25 252.24 Td (Advisor) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 510.35 252.24 Td (85) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.40 252.24 Td (88) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 320.25 240.24 Td (Portfolio manager) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 510.35 240.24 Td (94) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.40 240.24 Td (96) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 320.25 228.24 Td (Subtotal) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 510.35 228.24 Td (72) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.40 228.24 Td (74) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 320.25 216.24 Td (Cash management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 514.50 216.24 Td (5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 560.55 216.24 Td (6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 320.25 204.24 Td (T) Tj ET Q q 0 0 0 rg BT 324.00 204.24 Td (otal fee-based client assets) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 510.35 204.24 Td (71) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.40 204.24 Td (73) Tj ET Q BT /F1 10.00 Tf ET BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 179.70 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 179.70 Td (Includes ) Tj ET Q q 0 0 0 rg BT 355.58 179.70 Td (non-custody ) Tj ET Q q 0 0 0 rg BT 397.84 179.70 Td (account ) Tj ET Q q 0 0 0 rg BT 425.50 179.70 Td (values ) Tj ET Q q 0 0 0 rg BT 448.58 179.70 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 480.41 179.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 496.80 179.70 Td (quarter-end ) Tj ET Q q 0 0 0 rg BT 536.98 179.70 Td (balances ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 170.70 Td (due ) Tj ET Q q 0 0 0 rg BT 340.85 170.70 Td (to ) Tj ET Q q 0 0 0 rg BT 349.19 170.70 Td (a ) Tj ET Q q 0 0 0 rg BT 355.44 170.70 Td (lag ) Tj ET Q q 0 0 0 rg BT 367.54 170.70 Td (in ) Tj ET Q q 0 0 0 rg BT 375.46 170.70 Td (the ) Tj ET Q q 0 0 0 rg BT 387.97 170.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 419.66 170.70 Td (of ) Tj ET Q q 0 0 0 rg BT 427.99 170.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 448.01 170.70 Td (values ) Tj ET Q q 0 0 0 rg BT 471.77 170.70 Td (by ) Tj ET Q q 0 0 0 rg BT 481.78 170.70 Td (third-party ) Tj ET Q q 0 0 0 rg BT 517.62 170.70 Td (custodians.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 555.56 170.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 148.70 Td (For ) Tj ET Q q 0 0 0 rg BT 332.61 148.70 Td (a ) Tj ET Q q 0 0 0 rg BT 338.51 148.70 Td (description ) Tj ET Q q 0 0 0 rg BT 384.41 148.70 Td (of ) Tj ET Q q 0 0 0 rg BT 394.20 148.70 Td (fee-based ) Tj ET Q q 0 0 0 rg BT 433.97 148.70 Td (client ) Tj ET Q q 0 0 0 rg BT 457.64 148.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 482.44 148.70 Td (and ) Tj ET Q q 0 0 0 rg BT 498.34 148.70 Td (rollforward ) Tj ET Q q 0 0 0 rg BT 545.34 148.70 Td (items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 136.70 Td (in ) Tj ET Q q 0 0 0 rg BT 330.04 136.70 Td (the ) Tj ET Q q 0 0 0 rg BT 347.27 136.70 Td (previous ) Tj ET Q q 0 0 0 rg BT 386.72 136.70 Td (tables, ) Tj ET Q q 0 0 0 rg BT 417.56 136.70 Td (see ) Tj ET Q q 0 0 0 rg BT 435.34 136.70 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.77 136.70 Td (Management’) Tj ET Q q 0 0 0 rg BT 494.75 136.70 Td (s ) Tj ET Q q 0 0 0 rg BT 503.66 136.70 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 552.56 136.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 124.70 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 355.55 124.70 Td (of ) Tj ET Q q 0 0 0 rg BT 367.18 124.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 407.70 124.70 Td (Condition ) Tj ET Q q 0 0 0 rg BT 451.01 124.70 Td (and ) Tj ET Q q 0 0 0 rg BT 468.75 124.70 Td (Results ) Tj ET Q q 0 0 0 rg BT 501.50 124.70 Td (of ) Tj ET Q q 0 0 0 rg BT 513.13 124.70 Td (Operations—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 112.70 Td (Business ) Tj ET Q q 0 0 0 rg BT 355.60 112.70 Td (Segments—W) Tj ET Q q 0 0 0 rg BT 413.13 112.70 Td (ealth ) Tj ET Q q 0 0 0 rg BT 435.36 112.70 Td (Management—Fee-Based ) Tj ET Q q 0 0 0 rg BT 542.56 112.70 Td (Client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 100.70 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.36 100.70 Td (” ) Tj ET Q q 0 0 0 rg BT 350.30 100.70 Td (in ) Tj ET Q q 0 0 0 rg BT 360.58 100.70 Td (the ) Tj ET Q q 0 0 0 rg BT 375.30 100.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 397.80 100.70 Td (Form ) Tj ET Q q 0 0 0 rg BT 421.97 100.70 Td (10-K.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I34 Do Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.50 38.46 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 720.90 Td (Investment Management) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 700.70 Td (Income Statement Information) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 655.2 m 209.5 655.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 655.2 m 250.5 655.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 642.2 m 168.5 642.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 655.2 m 209.5 655.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 642.2 m 209.5 642.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 655.2 m 250.5 655.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 642.2 m 250.5 642.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 642.2 m 294.5 642.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 642.2 m 294.5 642.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 616.2 m 168.5 616.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 616.2 m 209.5 616.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 616.2 m 250.5 616.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 616.2 m 294.5 616.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 603.2 m 209.5 603.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 603.2 m 250.5 603.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 603.2 m 294.5 603.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 603.2 m 168.5 603.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 590.2 m 168.5 590.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 603.2 m 209.5 603.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 590.2 m 209.5 590.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 603.2 m 250.5 603.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 590.2 m 250.5 590.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 590.2 m 294.5 590.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 577.2 m 168.5 577.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 577.2 m 209.5 577.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 577.2 m 250.5 577.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 564.2 m 168.5 564.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 564.2 m 209.5 564.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 564.2 m 250.5 564.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 577.2 m 294.5 577.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 564.2 m 294.5 564.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 564.2 m 209.5 564.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 564.2 m 250.5 564.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 551.2 m 294.5 551.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 551.2 m 168.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 538.2 m 168.5 538.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 551.2 m 209.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 538.2 m 209.5 538.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 551.2 m 250.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 538.2 m 250.5 538.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 551.2 m 294.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 538.2 m 294.5 538.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 525.2 m 168.5 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 525.2 m 209.5 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 525.2 m 250.5 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 538.2 m 294.5 538.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 525.2 m 294.5 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 512.2 m 168.5 512.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 512.2 m 209.5 512.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 512.2 m 250.5 512.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 525.2 m 294.5 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 512.2 m 294.5 512.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 512.2 m 209.5 512.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 499.2 m 209.5 499.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 512.2 m 250.5 512.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 499.2 m 294.5 499.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 499.2 m 168.5 499.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 486.2 m 168.5 486.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 499.2 m 209.5 499.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 486.2 m 209.5 486.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 499.2 m 250.5 499.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 486.2 m 250.5 486.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 486.2 m 294.5 486.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 473.2 m 168.5 473.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 473.2 m 209.5 473.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 473.2 m 250.5 473.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 486.2 m 294.5 486.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 473.2 m 294.5 473.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 473.2 m 209.5 473.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 473.2 m 250.5 473.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 452.2 m 250.5 452.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 452.2 m 294.5 452.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 452.2 m 168.5 452.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 439.2 m 168.5 439.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 452.2 m 209.5 452.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 439.2 m 209.5 439.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 452.2 m 250.5 452.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 439.2 m 250.5 439.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 452.2 m 294.5 452.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 439.2 m 294.5 439.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 439.2 m 209.5 439.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 426.2 m 209.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 439.2 m 250.5 439.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 426.2 m 250.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 439.2 m 294.5 439.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 426.2 m 294.5 426.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 426.2 m 168.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 405.2 m 168.5 405.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 426.2 m 209.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 405.2 m 209.5 405.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 426.2 m 250.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 405.2 m 250.5 405.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 426.2 m 294.5 426.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 405.2 m 294.5 405.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 384.2 m 168.5 384.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 168.5 384.2 m 209.5 384.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 384.2 m 250.5 384.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 405.2 m 294.5 405.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 384.2 m 294.5 384.2 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 659.20 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 171.60 667.43 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 191.20 659.43 Td (March 31,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.00 659.43 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 48.00 646.15 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 179.60 646.43 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 220.60 646.43 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.30 646.43 Td (% Change) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 633.43 Td (Revenues) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 620.43 Td (T) Tj ET Q q 0 0 0 rg BT 52.74 620.43 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.00 620.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 194.70 620.43 Td (\(37) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.30 620.43 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.00 620.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 240.10 620.43 Td (\(3) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 247.30 620.43 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.30 620.43 Td (N/M) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 607.43 Td (Investments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.40 607.43 Td (63) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 607.43 Td (191) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 607.43 Td (\(67) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 607.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 594.43 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 594.43 Td (665) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 594.43 Td (617) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 279.75 594.43 Td (8) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 594.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 581.43 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 201.85 581.43 Td (7) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 242.85 581.43 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 270.85 581.43 Td (133) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 581.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 568.43 Td (T) Tj ET Q q 0 0 0 rg BT 52.44 568.43 Td (otal non-interest revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 568.43 Td (698) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 568.43 Td (808) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 568.43 Td (\(14) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 568.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 555.43 Td (Interest income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 201.85 555.43 Td (8) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 242.85 555.43 Td (4) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 270.85 555.43 Td (100) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 555.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 542.43 Td (Interest expense) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.40 542.43 Td (14) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 242.85 542.43 Td (8) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.30 542.48 Td (75) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 542.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 529.43 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.15 529.43 Td (\(6) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.30 529.43 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 240.10 529.43 Td (\(4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 247.30 529.43 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 529.43 Td (\(50) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 529.43 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 516.43 Td (Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 516.43 Td (692) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 516.43 Td (804) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 516.43 Td (\(14) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 516.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 503.43 Td (Compensation and benefits) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 503.43 Td (257) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 503.43 Td (370) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 503.43 Td (\(31) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 503.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 490.43 Td (Non-compensation expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 490.43 Td (292) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 490.43 Td (260) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.30 490.48 Td (12) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 286.85 490.43 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 477.43 Td (T) Tj ET Q q 0 0 0 rg BT 52.29 477.43 Td (otal non-interest expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 477.43 Td (549) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 477.43 Td (630) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 477.43 Td (\(13) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 477.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 464.43 Td (Income before provision for) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 456.43 Td (income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 456.43 Td (143) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 456.43 Td (174) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 456.43 Td (\(18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 456.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 443.43 Td (Provision for income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.40 443.43 Td (25) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.35 443.43 Td (33) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 443.43 Td (\(24) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 443.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 430.43 Td (Net income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.95 430.43 Td (1) Tj ET Q q 0 0 0 rg BT 197.40 430.43 Td (18) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 430.43 Td (141) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 430.43 Td (\(16) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 430.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 417.43 Td (Net income applicable to) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 409.43 Td (noncontrolling interests) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.40 409.43 Td (40) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 242.85 409.43 Td (5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.30 409.43 Td (N/M) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 396.43 Td (Net income applicable to) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 388.43 Td (Morgan Stanley) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.00 388.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.40 388.43 Td (78) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.00 388.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.95 388.43 Td (136) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 272.60 388.43 Td (\(43) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.20 388.43 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 362.70 Td (Results ) Tj ET Q q 0 0 0 rg BT 76.01 362.70 Td (in ) Tj ET Q q 0 0 0 rg BT 85.35 362.70 Td (the ) Tj ET Q q 0 0 0 rg BT 99.12 362.70 Td (Investment ) Tj ET Q q 0 0 0 rg BT 145.12 362.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 198.88 362.70 Td (business ) Tj ET Q q 0 0 0 rg BT 234.33 362.70 Td (segment ) Tj ET Q q 0 0 0 rg BT 269.22 362.70 Td (reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 350.70 Td (the ) Tj ET Q q 0 0 0 rg BT 62.49 350.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 109.98 350.70 Td (ef) Tj ET Q q 0 0 0 rg BT 117.57 350.70 Td (fects ) Tj ET Q q 0 0 0 rg BT 141.73 350.70 Td (of ) Tj ET Q q 0 0 0 rg BT 155.33 350.70 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 205.61 350.70 Td (on ) Tj ET Q q 0 0 0 rg BT 220.89 350.70 Td (the ) Tj ET Q q 0 0 0 rg BT 238.38 350.70 Td (economy ) Tj ET Q q 0 0 0 rg BT 280.31 350.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 338.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 79.16 338.70 Td (in ) Tj ET Q q 0 0 0 rg BT 89.43 338.70 Td (March ) Tj ET Q q 0 0 0 rg BT 118.03 338.70 Td (2020. ) Tj ET Q q 0 0 0 rg BT 143.03 338.70 Td (In ) Tj ET Q q 0 0 0 rg BT 153.86 338.70 Td (particular) Tj ET Q q 0 0 0 rg BT 191.77 338.70 Td (, ) Tj ET Q q 0 0 0 rg BT 196.77 338.70 Td (in ) Tj ET Q q 0 0 0 rg BT 207.05 338.70 Td (March: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 316.70 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 316.70 Td (The ) Tj ET Q q 0 0 0 rg BT 71.29 316.70 Td (decline ) Tj ET Q q 0 0 0 rg BT 101.90 316.70 Td (in ) Tj ET Q q 0 0 0 rg BT 111.42 316.70 Td (global ) Tj ET Q q 0 0 0 rg BT 138.15 316.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 159.33 316.70 Td (prices ) Tj ET Q q 0 0 0 rg BT 184.95 316.70 Td (led ) Tj ET Q q 0 0 0 rg BT 198.90 316.70 Td (to ) Tj ET Q q 0 0 0 rg BT 208.42 316.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 234.05 316.70 Td (of ) Tj ET Q q 0 0 0 rg BT 244.12 316.70 Td ($326 ) Tj ET Q q 0 0 0 rg BT 265.86 316.70 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 304.70 Td (in ) Tj ET Q q 0 0 0 rg BT 63.59 304.70 Td (the ) Tj ET Q q 0 0 0 rg BT 77.62 304.70 Td (current ) Tj ET Q q 0 0 0 rg BT 107.75 304.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 137.87 304.70 Td (related ) Tj ET Q q 0 0 0 rg BT 166.89 304.70 Td (to ) Tj ET Q q 0 0 0 rg BT 176.48 304.70 Td (the ) Tj ET Q q 0 0 0 rg BT 190.50 304.70 Td (reversal ) Tj ET Q q 0 0 0 rg BT 223.96 304.70 Td (of ) Tj ET Q q 0 0 0 rg BT 234.10 304.70 Td (accrued ) Tj ET Q q 0 0 0 rg BT 267.00 304.70 Td (carried ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 292.70 Td (interest, ) Tj ET Q q 0 0 0 rg BT 87.85 292.70 Td (and ) Tj ET Q q 0 0 0 rg BT 104.20 292.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 130.01 292.70 Td (on ) Tj ET Q q 0 0 0 rg BT 141.92 292.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 191.61 292.70 Td (in ) Tj ET Q q 0 0 0 rg BT 201.30 292.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 230.42 292.70 Td (of ) Tj ET Q q 0 0 0 rg BT 240.66 292.70 Td (our ) Tj ET Q q 0 0 0 rg BT 255.90 292.70 Td (funds, ) Tj ET Q q 0 0 0 rg BT 282.54 292.70 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 280.70 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 280.70 Td (economic ) Tj ET Q q 0 0 0 rg BT 106.20 280.70 Td (hedges, ) Tj ET Q q 0 0 0 rg BT 138.97 280.70 Td (and ) Tj ET Q q 0 0 0 rg BT 155.91 280.70 Td (net ) Tj ET Q q 0 0 0 rg BT 170.63 280.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 197.02 280.70 Td (in ) Tj ET Q q 0 0 0 rg BT 207.12 280.70 Td (T) Tj ET Q q 0 0 0 rg BT 212.87 280.70 Td (rading ) Tj ET Q q 0 0 0 rg BT 240.92 280.70 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 258.70 Td (These ) Tj ET Q q 0 0 0 rg BT 72.56 258.70 Td (ef) Tj ET Q q 0 0 0 rg BT 80.15 258.70 Td (fects, ) Tj ET Q q 0 0 0 rg BT 105.22 258.70 Td (in ) Tj ET Q q 0 0 0 rg BT 116.68 258.70 Td (the ) Tj ET Q q 0 0 0 rg BT 132.59 258.70 Td (context ) Tj ET Q q 0 0 0 rg BT 165.71 258.70 Td (of ) Tj ET Q q 0 0 0 rg BT 177.73 258.70 Td (the ) Tj ET Q q 0 0 0 rg BT 193.63 258.70 Td (full ) Tj ET Q q 0 0 0 rg BT 211.21 258.70 Td (quarter) Tj ET Q q 0 0 0 rg BT 239.89 258.70 Td (’) Tj ET Q q 0 0 0 rg BT 242.67 258.70 Td (s ) Tj ET Q q 0 0 0 rg BT 250.25 258.70 Td (results, ) Tj ET Q q 0 0 0 rg BT 282.55 258.70 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 246.70 Td (further ) Tj ET Q q 0 0 0 rg BT 74.71 246.70 Td (discussed ) Tj ET Q q 0 0 0 rg BT 115.54 246.70 Td (herein.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.25 701.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 334.74 701.25 Td (Revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 677.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 656.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 370.21 656.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 410.37 656.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.33 656.25 Td ($63 ) Tj ET Q q 0 0 0 rg BT 442.96 656.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.85 656.25 Td ( ) Tj ET Q q 0 0 0 rg BT 476.48 656.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.89 656.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.74 656.25 Td (current ) Tj ET Q q 0 0 0 rg BT 538.68 656.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 644.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.66 644.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.98 644.25 Td (67%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.31 644.25 Td ( ) Tj ET Q q 0 0 0 rg BT 379.63 644.25 Td (from ) Tj ET Q q 0 0 0 rg BT 401.39 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.93 644.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 437.68 644.25 Td (year ) Tj ET Q q 0 0 0 rg BT 457.21 644.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 487.85 644.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 527.38 644.25 Td (as ) Tj ET Q q 0 0 0 rg BT 538.03 644.25 Td (a ) Tj ET Q q 0 0 0 rg BT 544.78 644.25 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.66 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.96 632.25 Td (reversal ) Tj ET Q q 0 0 0 rg BT 375.69 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.10 632.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 419.27 632.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 449.11 632.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 480.62 632.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.14 632.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 543.11 632.25 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 620.25 Td (in ) Tj ET Q q 0 0 0 rg BT 326.69 620.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 355.55 620.25 Td (private ) Tj ET Q q 0 0 0 rg BT 384.98 620.25 Td (equity) Tj ET Q q 0 0 0 rg BT 409.32 620.25 Td (, ) Tj ET Q q 0 0 0 rg BT 413.49 620.25 Td (real ) Tj ET Q q 0 0 0 rg BT 430.13 620.25 Td (estate, ) Tj ET Q q 0 0 0 rg BT 457.06 620.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.16 620.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 528.68 620.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 552.57 620.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 608.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 343.47 608.25 Td (on ) Tj ET Q q 0 0 0 rg BT 355.79 608.25 Td (seed ) Tj ET Q q 0 0 0 rg BT 375.88 608.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 425.98 608.25 Td (in ) Tj ET Q q 0 0 0 rg BT 436.08 608.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 465.61 608.25 Td (funds. ) Tj ET Q q 0 0 0 rg BT 492.66 608.25 Td (Partially ) Tj ET Q q 0 0 0 rg BT 528.86 608.25 Td (of) Tj ET Q q 0 0 0 rg BT 537.01 608.25 Td (fsetting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 596.25 Td (these ) Tj ET Q q 0 0 0 rg BT 342.14 596.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 384.79 596.25 Td (were ) Tj ET Q q 0 0 0 rg BT 408.57 596.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 438.46 596.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 470.56 596.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 504.33 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.12 596.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 584.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 340.36 584.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.13 584.25 Td (an ) Tj ET Q q 0 0 0 rg BT 361.13 584.25 Td (Asia ) Tj ET Q q 0 0 0 rg BT 381.45 584.25 Td (private ) Tj ET Q q 0 0 0 rg BT 411.21 584.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 438.21 584.25 Td (fund, ) Tj ET Q q 0 0 0 rg BT 461.03 584.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 506.35 584.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 533.89 584.25 Td (by ) Tj ET Q q 0 0 0 rg BT 545.89 584.25 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 572.25 Td (from ) Tj ET Q q 0 0 0 rg BT 338.61 572.25 Td (an ) Tj ET Q q 0 0 0 rg BT 349.97 572.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 395.22 572.25 Td (investment, ) Tj ET Q q 0 0 0 rg BT 443.53 572.25 Td (which ) Tj ET Q q 0 0 0 rg BT 469.89 572.25 Td (is ) Tj ET Q q 0 0 0 rg BT 478.49 572.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 508.73 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.44 572.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 547.56 572.25 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 560.25 Td (restrictions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 539.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 341.42 539.25 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 518.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 343.89 518.25 Td (management ) Tj ET Q q 0 0 0 rg BT 399.40 518.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 439.36 518.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.11 518.25 Td ($665 ) Tj ET Q q 0 0 0 rg BT 476.53 518.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.43 518.25 Td ( ) Tj ET Q q 0 0 0 rg BT 509.85 518.25 Td (in ) Tj ET Q q 0 0 0 rg BT 522.05 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 518.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 506.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.94 506.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.69 506.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.07 506.25 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.40 506.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.78 506.25 Td (from ) Tj ET Q q 0 0 0 rg BT 425.59 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.18 506.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 462.00 506.25 Td (year ) Tj ET Q q 0 0 0 rg BT 481.58 506.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 512.27 506.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 551.86 506.25 Td (as ) Tj ET Q q 0 0 0 rg BT 562.56 506.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 494.25 Td (result ) Tj ET Q q 0 0 0 rg BT 341.97 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.80 494.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 380.84 494.25 Td (average ) Tj ET Q q 0 0 0 rg BT 413.88 494.25 Td (AUM.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 473.25 Td (See ) Tj ET Q q 0 0 0 rg BT 334.19 473.25 Td (“Assets ) Tj ET Q q 0 0 0 rg BT 367.24 473.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 394.73 473.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 449.43 473.25 Td (or ) Tj ET Q q 0 0 0 rg BT 460.26 473.25 Td (Supervision” ) Tj ET Q q 0 0 0 rg BT 514.98 473.25 Td (herein.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.25 452.25 Td (Non-inter) Tj ET Q q 0 0 0 rg BT 358.73 452.25 Td (est ) Tj ET Q q 0 0 0 rg BT 372.89 452.25 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 431.25 Td (Non-interest ) Tj ET Q q 0 0 0 rg BT 370.96 431.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 410.79 431.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.85 431.25 Td ($549 ) Tj ET Q q 0 0 0 rg BT 446.58 431.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.47 431.25 Td ( ) Tj ET Q q 0 0 0 rg BT 479.20 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.70 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.65 431.25 Td (current ) Tj ET Q q 0 0 0 rg BT 538.69 431.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 419.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.66 419.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.98 419.25 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.31 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 379.63 419.25 Td (from ) Tj ET Q q 0 0 0 rg BT 401.39 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.93 419.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 437.68 419.25 Td (year ) Tj ET Q q 0 0 0 rg BT 457.21 419.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 487.85 419.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 527.38 419.25 Td (as ) Tj ET Q q 0 0 0 rg BT 538.03 419.25 Td (a ) Tj ET Q q 0 0 0 rg BT 544.78 419.25 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.80 407.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 354.78 407.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 413.54 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.19 407.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 466.06 407.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 507.88 407.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 544.41 407.25 Td (of) Tj ET Q q 0 0 0 rg BT 552.56 407.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 395.25 Td (by ) Tj ET Q q 0 0 0 rg BT 329.75 395.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 357.80 395.25 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 434.17 395.25 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 383.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 371.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 371.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 385.89 371.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.20 371.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 435.72 371.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.68 371.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 371.25 Td ( ) Tj ET Q q 0 0 0 rg BT 514.96 371.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.61 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 371.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 359.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 356.83 359.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 396.30 359.25 Td (due ) Tj ET Q q 0 0 0 rg BT 413.00 359.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.04 359.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 448.07 359.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 505.87 359.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 549.22 359.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 347.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 355.87 347.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 387.17 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.47 347.25 Td (a ) Tj ET Q q 0 0 0 rg BT 409.77 347.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 446.05 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 455.69 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.77 347.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 485.51 347.25 Td (value ) Tj ET Q q 0 0 0 rg BT 509.03 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.23 347.25 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.10 335.25 Td (which ) Tj ET Q q 0 0 0 rg BT 362.61 335.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 391.88 335.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 427.25 335.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 484.86 335.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 508.04 335.25 Td (are ) Tj ET Q q 0 0 0 rg BT 522.32 335.25 Td (referenced.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 311.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 311.25 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 404.71 311.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 443.17 311.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.31 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.89 311.25 Td (current ) Tj ET Q q 0 0 0 rg BT 498.57 311.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.25 311.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 299.25 Td (from ) Tj ET Q q 0 0 0 rg BT 348.04 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.61 299.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 384.40 299.25 Td (year ) Tj ET Q q 0 0 0 rg BT 403.96 299.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 434.62 299.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 474.18 299.25 Td (as ) Tj ET Q q 0 0 0 rg BT 484.87 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 491.66 299.25 Td (result ) Tj ET Q q 0 0 0 rg BT 516.22 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.90 299.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 554.80 299.25 Td (fee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 287.25 Td (sharing ) Tj ET Q q 0 0 0 rg BT 357.12 287.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 375.76 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.97 287.25 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 443.59 287.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 470.57 287.25 Td (by ) Tj ET Q q 0 0 0 rg BT 482.00 287.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 508.97 287.25 Td (average ) Tj ET Q q 0 0 0 rg BT 541.17 287.25 Td (AUM.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I35 Do Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (14) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 722.25 Td (Assets Under) Tj ET Q q 0 0 0 rg BT 101.21 722.25 Td ( Management or) Tj ET Q q 0 0 0 rg BT 171.56 722.25 Td ( Supervision) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 700.05 Td (Rollforwards) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 666.55 m 99.5 666.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 666.55 m 148.5 666.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 666.55 m 295.5 666.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 666.55 m 148.5 666.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 655.55 m 148.5 655.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 666.55 m 175.5 666.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 666.55 m 208.5 666.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 666.55 m 236.5 666.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 666.55 m 259.5 666.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 655.55 m 99.5 655.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 644.55 m 99.5 644.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 644.55 m 148.5 644.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 655.55 m 175.5 655.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 644.55 m 175.5 644.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 655.55 m 208.5 655.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 644.55 m 208.5 644.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 655.55 m 236.5 655.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 644.55 m 236.5 644.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 655.55 m 259.5 655.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 644.55 m 259.5 644.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 655.55 m 295.5 655.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 644.55 m 295.5 644.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 628.55 m 99.5 628.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 628.55 m 148.5 628.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 628.55 m 175.5 628.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 628.55 m 208.5 628.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 628.55 m 236.5 628.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 628.55 m 259.5 628.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 628.55 m 295.5 628.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 611.55 m 99.5 611.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 611.55 m 148.5 611.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 611.55 m 295.5 611.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 600.55 m 99.5 600.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 600.55 m 148.5 600.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 611.55 m 175.5 611.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 600.55 m 175.5 600.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 611.55 m 208.5 611.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 600.55 m 208.5 600.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 611.55 m 236.5 611.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 600.55 m 236.5 600.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 611.55 m 259.5 611.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 600.55 m 259.5 600.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 600.55 m 295.5 600.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 589.55 m 99.5 589.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 589.55 m 148.5 589.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 589.55 m 175.5 589.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 589.55 m 208.5 589.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 589.55 m 236.5 589.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 589.55 m 259.5 589.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 589.55 m 295.5 589.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 566.55 m 99.5 566.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 566.55 m 148.5 566.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 566.55 m 175.5 566.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 566.55 m 208.5 566.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 566.55 m 236.5 566.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 566.55 m 259.5 566.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 566.55 m 295.5 566.55 l s BT /F8 5.50 Tf ET q 0 0 0 rg BT 48.00 670.20 Td ($ in billions) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 120.40 682.32 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 103.05 675.82 Td (December 31,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 116.25 669.32 Td (2019) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.35 670.47 Td (Inflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 178.85 670.47 Td (Outflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 212.05 676.97 Td (Market) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 212.20 670.47 Td (Impact) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 239.35 670.47 Td (Other) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 273.55 682.32 Td (At) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 262.00 675.82 Td (March 31,) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 269.75 669.32 Td (2020) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 659.32 Td (Equity) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 102.00 659.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 134.90 659.32 Td (138) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 151.00 659.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 165.55 659.32 Td (14) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 178.00 659.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 196.40 659.32 Td (\(12) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 205.80 659.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 211.00 659.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 224.40 659.32 Td (\(18) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 233.80 659.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 239.00 659.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 251.00 659.32 Td (\(1) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 256.80 659.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 262.00 659.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 281.95 659.32 Td (121) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 648.32 Td (Fixed income) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 138.55 648.32 Td (79) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 165.55 648.32 Td (10) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 200.00 648.32 Td (\(9) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 205.80 648.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 228.00 648.32 Td (\(4) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 233.80 648.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 251.00 648.32 Td (\(1) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 256.80 648.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 285.55 648.32 Td (75) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 637.32 Td (Alternative/) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 52.50 630.82 Td (Other) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 134.90 632.47 Td (139) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 169.15 632.47 Td (8) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 200.00 632.47 Td (\(4) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 205.80 632.47 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 228.00 632.47 Td (\(7) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 233.80 632.47 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 253.15 632.47 Td (5) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 281.95 632.47 Td (141) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 621.32 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 79.07 621.32 Td (AUM) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 52.50 614.82 Td (subtotal) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 134.90 615.47 Td (356) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 165.55 615.47 Td (32) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 196.40 615.47 Td (\(25) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 205.80 615.47 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 224.40 615.47 Td (\(29) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 233.80 615.47 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 253.15 615.47 Td (3) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 281.95 615.47 Td (337) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 604.32 Td (Liquidity) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 134.90 604.32 Td (196) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 161.95 604.32 Td (446) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 192.75 604.32 Td (\(395) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 205.80 604.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 230.15 604.32 Td (1) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 251.00 604.32 Td (\(1) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 256.80 604.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 281.95 604.32 Td (247) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 48.00 593.32 Td (T) Tj ET Q q 0 0 0 rg BT 51.49 593.32 Td (otal ) Tj ET Q q 0 0 0 rg BT 64.61 593.32 Td (AUM) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 102.00 593.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 134.90 593.32 Td (552) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 151.00 593.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 161.95 593.32 Td (478) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 178.00 593.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 192.75 593.32 Td (\(420) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 205.80 593.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 211.00 593.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 224.40 593.32 Td (\(28) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 233.80 593.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 239.00 593.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 253.15 593.32 Td (2) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 262.00 593.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 281.95 593.32 Td (584) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 582.32 Td (Shares of) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 52.50 575.82 Td (minority stake) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 52.50 569.32 Td (assets) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 142.15 570.52 Td (6) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.00 570.47 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 178.00 570.47 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 211.00 570.47 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 239.00 570.47 Td ( ) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 289.15 570.47 Td (6) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 519.55 m 99.5 519.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 519.55 m 175.5 519.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 519.55 m 208.5 519.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 519.55 m 236.5 519.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 519.55 m 259.5 519.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 519.55 m 295.5 519.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 519.55 m 148.5 519.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 508.55 m 148.5 508.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 519.55 m 175.5 519.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 519.55 m 208.5 519.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 519.55 m 236.5 519.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 519.55 m 259.5 519.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 508.55 m 99.5 508.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 497.55 m 99.5 497.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 497.55 m 148.5 497.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 508.55 m 175.5 508.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 497.55 m 175.5 497.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 508.55 m 208.5 508.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 497.55 m 208.5 497.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 508.55 m 236.5 508.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 497.55 m 236.5 497.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 508.55 m 259.5 508.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 497.55 m 259.5 497.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 508.55 m 295.5 508.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 497.55 m 295.5 497.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 480.55 m 99.5 480.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 480.55 m 148.5 480.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 480.55 m 175.5 480.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 480.55 m 208.5 480.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 480.55 m 236.5 480.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 480.55 m 259.5 480.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 480.55 m 295.5 480.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 463.55 m 99.5 463.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 463.55 m 148.5 463.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 463.55 m 295.5 463.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 452.55 m 99.5 452.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 452.55 m 148.5 452.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 463.55 m 175.5 463.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 452.55 m 175.5 452.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 463.55 m 208.5 463.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 452.55 m 208.5 452.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 463.55 m 236.5 463.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 452.55 m 236.5 452.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 463.55 m 259.5 463.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 452.55 m 259.5 452.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 452.55 m 295.5 452.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 441.55 m 99.5 441.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 441.55 m 148.5 441.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 441.55 m 175.5 441.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 441.55 m 208.5 441.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 441.55 m 236.5 441.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 441.55 m 259.5 441.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 441.55 m 295.5 441.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 418.55 m 99.5 418.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 99.5 418.55 m 148.5 418.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 148.5 418.55 m 175.5 418.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 175.5 418.55 m 208.5 418.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 418.55 m 236.5 418.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 418.55 m 259.5 418.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 418.55 m 295.5 418.55 l s BT /F8 5.50 Tf ET q 0 0 0 rg BT 48.00 523.20 Td ($ in billions) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 120.40 535.32 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 103.05 528.82 Td (December 31,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 116.25 522.32 Td (2018) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.35 523.47 Td (Inflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 178.85 523.47 Td (Outflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 212.05 529.97 Td (Market) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 212.20 523.47 Td (Impact) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 239.35 523.47 Td (Other) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 273.90 535.32 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 262.50 528.82 Td (March 31,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 269.75 522.32 Td (2019) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 512.32 Td (Equity) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 102.00 512.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 134.90 512.32 Td (103) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.00 512.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 169.15 512.32 Td (9) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 178.00 512.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.00 512.32 Td (\(8) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 205.80 512.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 211.00 512.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.55 512.32 Td (16) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 239.00 512.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 250.30 512.32 Td (—) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 262.00 512.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 281.95 512.32 Td (120) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 501.32 Td (Fixed income) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 138.55 501.32 Td (68) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 169.15 501.32 Td (6) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.00 501.32 Td (\(7) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 205.80 501.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 230.15 501.32 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 250.30 501.32 Td (—) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 285.55 501.32 Td (68) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 490.32 Td (Alternative/) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 52.50 483.82 Td (Other) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 134.90 484.47 Td (128) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 169.15 484.47 Td (5) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.00 484.47 Td (\(4) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 205.80 484.47 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 230.15 484.47 Td (5) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 251.00 484.47 Td (\(1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 256.80 484.47 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 281.95 484.47 Td (133) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 473.32 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 79.07 473.32 Td (AUM) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 52.50 466.82 Td (subtotal) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 134.90 467.47 Td (299) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 165.55 467.47 Td (20) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 196.40 467.47 Td (\(19) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 205.80 467.47 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.55 467.47 Td (22) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 251.00 467.47 Td (\(1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 256.80 467.47 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 281.95 467.47 Td (321) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 456.32 Td (Liquidity) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 134.90 456.32 Td (164) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 161.95 456.32 Td (343) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 192.75 456.32 Td (\(348) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 205.80 456.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 230.15 456.32 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 251.00 456.32 Td (\(1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 256.80 456.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 281.95 456.32 Td (159) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 48.00 445.32 Td (T) Tj ET Q q 0 0 0 rg BT 51.49 445.32 Td (otal ) Tj ET Q q 0 0 0 rg BT 64.61 445.32 Td (AUM) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 102.00 445.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 134.90 445.32 Td (463) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.00 445.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 161.95 445.32 Td (363) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 178.00 445.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 192.75 445.32 Td (\(367) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 205.80 445.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 211.00 445.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.55 445.32 Td (23) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 239.00 445.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 251.00 445.32 Td (\(2) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 256.80 445.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 262.00 445.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 281.95 445.32 Td (480) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 48.00 434.32 Td (Shares of) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 52.50 427.82 Td (minority stake) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 52.50 421.32 Td (assets) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 142.15 422.52 Td (7) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.00 422.47 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 178.00 422.47 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 211.00 422.47 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 239.00 422.47 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 289.15 422.47 Td (6) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 700.45 Td (A) Tj ET Q q 0 0 0 rg BT 323.07 700.45 Td (verage ) Tj ET Q q 0 0 0 rg BT 352.53 700.45 Td (AUM) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 670.95 m 527.75 670.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 670.95 m 567.75 670.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 658.95 m 487.75 658.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 670.95 m 527.75 670.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 658.95 m 527.75 658.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 670.95 m 567.75 670.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 658.95 m 567.75 658.95 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 646.95 m 487.75 646.95 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 634.95 m 487.75 634.95 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 646.95 m 527.75 646.95 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 634.95 m 527.75 634.95 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 646.95 m 567.75 646.95 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 634.95 m 567.75 634.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 622.95 m 487.75 622.95 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 610.95 m 487.75 610.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 622.95 m 527.75 622.95 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 610.95 m 527.75 610.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 622.95 m 567.75 622.95 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 610.95 m 567.75 610.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 598.95 m 487.75 598.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 598.95 m 527.75 598.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 598.95 m 567.75 598.95 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 586.95 m 487.75 586.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 598.95 m 527.75 598.95 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 586.95 m 527.75 586.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 598.95 m 567.75 598.95 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 586.95 m 567.75 586.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 574.95 m 487.75 574.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 574.95 m 527.75 574.95 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 574.95 m 567.75 574.95 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 674.95 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 494.55 681.95 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 511.65 674.95 Td (March 31,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 662.73 Td ($ in billions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 499.45 662.95 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 539.45 662.95 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 650.95 Td (Equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.25 650.95 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 513.20 650.95 Td (133) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 530.25 650.95 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 553.20 650.95 Td (1) Tj ET Q q 0 0 0 rg BT 557.09 650.95 Td (13) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 638.95 Td (Fixed income) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 517.10 638.95 Td (79) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 557.10 638.95 Td (68) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 626.95 Td (Alternative/Other) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 513.20 626.95 Td (139) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 553.20 626.95 Td (131) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 614.95 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 353.90 614.95 Td (AUM subtotal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 513.20 614.95 Td (351) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 553.20 614.95 Td (312) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 602.95 Td (Liquidity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 513.20 602.95 Td (206) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 553.20 602.95 Td (163) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 590.95 Td (T) Tj ET Q q 0 0 0 rg BT 324.01 590.95 Td (otal ) Tj ET Q q 0 0 0 rg BT 338.14 590.95 Td (AUM) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.25 590.95 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 513.20 590.95 Td (557) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 530.25 590.95 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 553.20 590.95 Td (475) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 578.95 Td (Shares of minority stake assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 521.00 578.95 Td (6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 561.00 578.95 Td (6) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 555.25 Td (A) Tj ET Q q 0 0 0 rg BT 323.07 555.25 Td (verage Fee Rates) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 525.75 m 527.75 525.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 525.75 m 567.75 525.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 513.75 m 487.75 513.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 525.75 m 527.75 525.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 513.75 m 527.75 513.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 525.75 m 567.75 525.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 513.75 m 567.75 513.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 513.75 m 527.75 513.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 513.75 m 567.75 513.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 501.75 m 487.75 501.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 501.75 m 527.75 501.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 501.75 m 567.75 501.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 489.75 m 487.75 489.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 489.75 m 527.75 489.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 489.75 m 567.75 489.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 477.75 m 487.75 477.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 477.75 m 527.75 477.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 477.75 m 567.75 477.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 465.75 m 487.75 465.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 453.75 m 487.75 453.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 465.75 m 527.75 465.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 453.75 m 527.75 453.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 465.75 m 567.75 465.75 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 453.75 m 567.75 453.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 441.75 m 487.75 441.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.75 441.75 m 527.75 441.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 527.75 441.75 m 567.75 441.75 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 529.75 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 494.55 536.75 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 511.65 529.75 Td (March 31,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 517.53 Td (Fee rate in bps) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 499.45 517.75 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 539.45 517.75 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 505.75 Td (Equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 517.10 505.75 Td (77) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 556.45 505.75 Td (76) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 493.75 Td (Fixed income) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 517.10 493.75 Td (31) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 556.45 493.75 Td (32) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 481.75 Td (Alternative/Other) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 517.10 481.75 Td (60) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 556.45 481.75 Td (68) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 469.75 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 353.90 469.75 Td (AUM) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 517.10 469.75 Td (60) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 556.45 469.75 Td (63) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 457.75 Td (Liquidity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 517.10 457.75 Td (17) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 556.45 457.75 Td (17) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 445.75 Td (T) Tj ET Q q 0 0 0 rg BT 323.75 445.75 Td (otal ) Tj ET Q q 0 0 0 rg BT 336.59 445.75 Td (AUM) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 517.10 445.75 Td (44) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 556.45 445.75 Td (47) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 420.25 Td (For ) Tj ET Q q 0 0 0 rg BT 334.12 420.25 Td (a ) Tj ET Q q 0 0 0 rg BT 341.54 420.25 Td (description ) Tj ET Q q 0 0 0 rg BT 388.96 420.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.27 420.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.47 420.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 437.89 420.25 Td (classes ) Tj ET Q q 0 0 0 rg BT 468.64 420.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.07 420.25 Td (rollforward ) Tj ET Q q 0 0 0 rg BT 534.58 420.25 Td (items ) Tj ET Q q 0 0 0 rg BT 559.23 420.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 408.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.61 408.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 378.19 408.25 Td (tables, ) Tj ET Q q 0 0 0 rg BT 411.16 408.25 Td (see ) Tj ET Q q 0 0 0 rg BT 431.07 408.25 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.51 408.25 Td (Management’) Tj ET Q q 0 0 0 rg BT 490.49 408.25 Td (s ) Tj ET Q q 0 0 0 rg BT 501.53 408.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 552.56 408.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 396.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 355.55 396.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.18 396.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 407.70 396.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 451.01 396.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.75 396.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 501.50 396.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.13 396.25 Td (Operations—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 384.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 355.33 384.25 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.22 384.25 Td (—Investment ) Tj ET Q q 0 0 0 rg BT 451.17 384.25 Td (Management—Assets ) Tj ET Q q 0 0 0 rg BT 542.01 384.25 Td (Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 372.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 371.95 372.25 Td (or ) Tj ET Q q 0 0 0 rg BT 382.78 372.25 Td (Supervision” ) Tj ET Q q 0 0 0 rg BT 437.50 372.25 Td (in ) Tj ET Q q 0 0 0 rg BT 447.78 372.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.49 372.25 Td (2019 ) Tj ET Q q 0 0 0 rg BT 484.99 372.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 509.16 372.25 Td (10-K.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.25 362.65 Td ( ) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I36 Do Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.50 38.46 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 720.90 Td (Supplemental Financial Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 698.90 Td (Income ) Tj ET Q q 0 0 0 rg BT 78.98 698.90 Td (T) Tj ET Q q 0 0 0 rg BT 84.73 698.90 Td (ax Matters) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 131.10 698.90 Td ( ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 678.70 Td (Effective T) Tj ET Q q 0 0 0 rg BT 87.36 678.70 Td (ax Rate from Continuing Operations) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 233.29 678.70 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 647.2 m 243.5 647.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 647.2 m 294.5 647.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 634.2 m 192.5 634.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 634.2 m 243.5 634.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 634.2 m 294.5 634.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 621.2 m 192.5 621.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 600.2 m 192.5 600.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 621.2 m 243.5 621.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 600.2 m 243.5 600.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 621.2 m 294.5 621.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 600.2 m 294.5 600.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 600.2 m 192.5 600.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 574.2 m 192.5 574.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 561.2 m 192.5 561.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 574.2 m 243.5 574.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 561.2 m 243.5 561.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 574.2 m 294.5 574.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 243.5 561.2 m 294.5 561.2 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 651.43 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 205.60 659.43 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 225.20 651.43 Td (March 31,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 48.00 638.15 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 208.60 638.43 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 259.60 638.43 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 625.88 Td (U.S. GAAP) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 220.25 625.43 Td (17.1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 235.85 625.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 271.25 625.43 Td (16.5) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 286.85 625.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 612.43 Td (Adjusted ef) Tj ET Q q 0 0 0 rg BT 87.88 612.43 Td (fective income tax rate—) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 604.43 Td (non-GAAP) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 90.74 608.24 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 220.25 604.43 Td (18.5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 235.85 604.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 271.25 604.43 Td (19.9) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 286.85 604.43 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 48.00 591.43 Td (Net discrete tax provisions/\(benefits\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 578.43 Td (Recurring) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 82.68 582.24 Td (2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.00 578.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 224.25 578.43 Td (\(99) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 235.85 578.43 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 246.00 578.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 270.80 578.48 Td (\(107) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 286.85 578.43 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 48.00 565.43 Td (Intermittent) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 88.02 569.24 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.00 565.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 224.25 565.43 Td (\(31) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 235.85 565.43 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 246.00 565.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 270.80 565.48 Td (\(101) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 286.85 565.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 5.00 Tf ET q 0 0 0 rg BT 45.00 555.70 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 45.00 546.70 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 546.70 Td (The ) Tj ET Q q 0 0 0 rg BT 70.68 546.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 102.80 546.70 Td (ef) Tj ET Q q 0 0 0 rg BT 108.92 546.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 134.35 546.70 Td (income ) Tj ET Q q 0 0 0 rg BT 162.28 546.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 176.05 546.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 192.73 546.70 Td (is ) Tj ET Q q 0 0 0 rg BT 201.90 546.70 Td (a ) Tj ET Q q 0 0 0 rg BT 209.83 546.70 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 245.55 546.70 Td ( ) Tj ET Q q 0 0 0 rg BT 249.30 546.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 282.24 546.70 Td (that ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 537.70 Td (excludes ) Tj ET Q q 0 0 0 rg BT 86.54 537.70 Td (net ) Tj ET Q q 0 0 0 rg BT 99.91 537.70 Td (discrete ) Tj ET Q q 0 0 0 rg BT 129.11 537.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 142.06 537.70 Td (provisions ) Tj ET Q q 0 0 0 rg BT 178.76 537.70 Td (\(benefits\) ) Tj ET Q q 0 0 0 rg BT 212.97 537.70 Td (that ) Tj ET Q q 0 0 0 rg BT 228.42 537.70 Td (are ) Tj ET Q q 0 0 0 rg BT 242.20 537.70 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 282.24 537.70 Td (and ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 528.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 84.38 528.70 Td (those ) Tj ET Q q 0 0 0 rg BT 105.59 528.70 Td (that ) Tj ET Q q 0 0 0 rg BT 120.96 528.70 Td (are ) Tj ET Q q 0 0 0 rg BT 134.67 528.70 Td (recurring. ) Tj ET Q q 0 0 0 rg BT 169.21 528.70 Td (For ) Tj ET Q q 0 0 0 rg BT 183.32 528.70 Td (further ) Tj ET Q q 0 0 0 rg BT 207.86 528.70 Td (information ) Tj ET Q q 0 0 0 rg BT 247.83 528.70 Td (on ) Tj ET Q q 0 0 0 rg BT 259.03 528.70 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 294.75 528.70 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 519.70 Td (measures, ) Tj ET Q q 0 0 0 rg BT 91.10 519.70 Td (see) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 103.19 519.70 Td ( ) Tj ET Q q 0 0 0 rg BT 105.28 519.70 Td (“) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 107.77 519.70 Td (Selected ) Tj ET Q q 0 0 0 rg BT 139.05 519.70 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 176.01 519.70 Td ( ) Tj ET Q q 0 0 0 rg BT 178.09 519.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 210.19 519.70 Td (Information) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 247.71 519.70 Td (” ) Tj ET Q q 0 0 0 rg BT 252.29 519.70 Td (herein.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 45.00 510.70 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 510.70 Td (Provisions ) Tj ET Q q 0 0 0 rg BT 92.73 510.70 Td (\(benefits\) ) Tj ET Q q 0 0 0 rg BT 128.14 510.70 Td (related ) Tj ET Q q 0 0 0 rg BT 155.21 510.70 Td (to ) Tj ET Q q 0 0 0 rg BT 165.60 510.70 Td (conversion ) Tj ET Q q 0 0 0 rg BT 206.01 510.70 Td (of ) Tj ET Q q 0 0 0 rg BT 216.40 510.70 Td (employee ) Tj ET Q q 0 0 0 rg BT 253.06 510.70 Td (share-based ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 501.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 80.89 501.70 Td (are ) Tj ET Q q 0 0 0 rg BT 94.43 501.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 127.58 501.70 Td (to ) Tj ET Q q 0 0 0 rg BT 136.54 501.70 Td (occur ) Tj ET Q q 0 0 0 rg BT 157.59 501.70 Td (every ) Tj ET Q q 0 0 0 rg BT 178.64 501.70 Td (year ) Tj ET Q q 0 0 0 rg BT 195.94 501.70 Td (and, ) Tj ET Q q 0 0 0 rg BT 213.24 501.70 Td (as ) Tj ET Q q 0 0 0 rg BT 223.87 501.70 Td (such, ) Tj ET Q q 0 0 0 rg BT 244.51 501.70 Td (are ) Tj ET Q q 0 0 0 rg BT 258.06 501.70 Td (considered ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 492.70 Td (recurring ) Tj ET Q q 0 0 0 rg BT 85.68 492.70 Td (discrete ) Tj ET Q q 0 0 0 rg BT 114.02 492.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 126.11 492.70 Td (items.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 146.12 492.70 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 45.00 483.70 Td (3. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 483.70 Td (Includes ) Tj ET Q q 0 0 0 rg BT 85.21 483.70 Td (all ) Tj ET Q q 0 0 0 rg BT 95.98 483.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 109.25 483.70 Td (provisions ) Tj ET Q q 0 0 0 rg BT 146.29 483.70 Td (\(benefits\) ) Tj ET Q q 0 0 0 rg BT 180.82 483.70 Td (that ) Tj ET Q q 0 0 0 rg BT 196.60 483.70 Td (have ) Tj ET Q q 0 0 0 rg BT 216.14 483.70 Td (been ) Tj ET Q q 0 0 0 rg BT 236.09 483.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 276.88 483.70 Td (to ) Tj ET Q q 0 0 0 rg BT 286.41 483.70 Td (be ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 54.00 474.70 Td (discrete, ) Tj ET Q q 0 0 0 rg BT 84.43 474.70 Td (other ) Tj ET Q q 0 0 0 rg BT 103.61 474.70 Td (than ) Tj ET Q q 0 0 0 rg BT 120.29 474.70 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 154.89 474.70 Td (items ) Tj ET Q q 0 0 0 rg BT 174.89 474.70 Td (as ) Tj ET Q q 0 0 0 rg BT 184.90 474.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 211.59 474.70 Td (above.) Tj ET Q BT /F6 7.50 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 452.70 Td (The ) Tj ET Q q 0 0 0 rg BT 61.85 452.70 Td (current ) Tj ET Q q 0 0 0 rg BT 91.46 452.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 121.08 452.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 155.71 452.70 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 203.66 452.70 Td (net ) Tj ET Q q 0 0 0 rg BT 217.18 452.70 Td (discrete ) Tj ET Q q 0 0 0 rg BT 249.58 452.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 263.10 452.70 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 440.70 Td (associated ) Tj ET Q q 0 0 0 rg BT 87.87 440.70 Td (with ) Tj ET Q q 0 0 0 rg BT 107.42 440.70 Td (the ) Tj ET Q q 0 0 0 rg BT 121.41 440.70 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 184.27 440.70 Td (of ) Tj ET Q q 0 0 0 rg BT 194.37 440.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 215.59 440.70 Td (years’) Tj ET Q q 0 0 0 rg BT 239.27 440.70 Td ( ) Tj ET Q q 0 0 0 rg BT 241.05 440.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.04 440.70 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 428.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.76 428.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 88.42 428.70 Td (year ) Tj ET Q q 0 0 0 rg BT 109.84 428.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 142.38 428.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 179.92 428.70 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 230.79 428.70 Td (net ) Tj ET Q q 0 0 0 rg BT 247.22 428.70 Td (discrete ) Tj ET Q q 0 0 0 rg BT 282.53 428.70 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 416.70 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.96 416.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 120.48 416.70 Td (associated ) Tj ET Q q 0 0 0 rg BT 164.88 416.70 Td (with ) Tj ET Q q 0 0 0 rg BT 185.97 416.70 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 250.35 416.70 Td (of ) Tj ET Q q 0 0 0 rg BT 261.99 416.70 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 404.70 Td (and ) Tj ET Q q 0 0 0 rg BT 61.76 404.70 Td (related ) Tj ET Q q 0 0 0 rg BT 91.27 404.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.02 404.70 Td (as ) Tj ET Q q 0 0 0 rg BT 133.67 404.70 Td (a ) Tj ET Q q 0 0 0 rg BT 140.43 404.70 Td (result ) Tj ET Q q 0 0 0 rg BT 164.96 404.70 Td (of ) Tj ET Q q 0 0 0 rg BT 175.61 404.70 Td (new ) Tj ET Q q 0 0 0 rg BT 194.58 404.70 Td (information ) Tj ET Q q 0 0 0 rg BT 244.11 404.70 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 286.97 404.70 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 392.70 Td (the ) Tj ET Q q 0 0 0 rg BT 59.69 392.70 Td (resolution ) Tj ET Q q 0 0 0 rg BT 102.16 392.70 Td (of ) Tj ET Q q 0 0 0 rg BT 112.96 392.70 Td (multi-jurisdiction ) Tj ET Q q 0 0 0 rg BT 185.43 392.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 200.11 392.70 Td (examinations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.94 392.70 Td ( ) Tj ET Q q 0 0 0 rg BT 258.41 392.70 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.32 392.70 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 380.70 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 380.70 Td ( ) Tj ET Q q 0 0 0 rg BT 57.50 380.70 Td (to ) Tj ET Q q 0 0 0 rg BT 67.78 380.70 Td (the ) Tj ET Q q 0 0 0 rg BT 82.50 380.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.98 380.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 164.69 380.70 Td (for ) Tj ET Q q 0 0 0 rg BT 178.85 380.70 Td (further ) Tj ET Q q 0 0 0 rg BT 208.55 380.70 Td (information.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 358.70 Td (U.S. Bank Subsidiaries) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 142.82 358.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 336.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.01 336.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 91.26 336.70 Td (bank ) Tj ET Q q 0 0 0 rg BT 117.16 336.70 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 173.34 336.70 Td (Mor) Tj ET Q q 0 0 0 rg BT 190.38 336.70 Td (gan ) Tj ET Q q 0 0 0 rg BT 211.28 336.70 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 247.74 336.70 Td (Bank ) Tj ET Q q 0 0 0 rg BT 275.31 336.70 Td (N.A. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 324.70 Td (\(“MSBNA”\) ) Tj ET Q q 0 0 0 rg BT 102.16 324.70 Td (and ) Tj ET Q q 0 0 0 rg BT 122.66 324.70 Td (Mor) Tj ET Q q 0 0 0 rg BT 139.71 324.70 Td (gan ) Tj ET Q q 0 0 0 rg BT 160.20 324.70 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 196.26 324.70 Td (Private ) Tj ET Q q 0 0 0 rg BT 230.65 324.70 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 260.32 324.70 Td (National ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 312.70 Td (Association ) Tj ET Q q 0 0 0 rg BT 104.90 312.70 Td (\(“MSPBNA”\) ) Tj ET Q q 0 0 0 rg BT 174.24 312.70 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 223.56 312.70 Td (, ) Tj ET Q q 0 0 0 rg BT 238.74 312.70 Td (“U.S. ) Tj ET Q q 0 0 0 rg BT 273.64 312.70 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 300.70 Td (Subsidiaries”\) ) Tj ET Q q 0 0 0 rg BT 105.66 300.70 Td (accept ) Tj ET Q q 0 0 0 rg BT 135.20 300.70 Td (deposits; ) Tj ET Q q 0 0 0 rg BT 174.76 300.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 209.31 300.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 234.42 300.70 Td (to ) Tj ET Q q 0 0 0 rg BT 246.21 300.70 Td (a ) Tj ET Q q 0 0 0 rg BT 254.65 300.70 Td (variety ) Tj ET Q q 0 0 0 rg BT 286.42 300.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 288.70 Td (customers, ) Tj ET Q q 0 0 0 rg BT 90.03 288.70 Td (from ) Tj ET Q q 0 0 0 rg BT 111.44 288.70 Td (lar) Tj ET Q q 0 0 0 rg BT 121.81 288.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 133.23 288.70 Td (corporate ) Tj ET Q q 0 0 0 rg BT 172.96 288.70 Td (and ) Tj ET Q q 0 0 0 rg BT 189.38 288.70 Td (institutional ) Tj ET Q q 0 0 0 rg BT 239.13 288.70 Td (clients ) Tj ET Q q 0 0 0 rg BT 267.22 288.70 Td (to ) Tj ET Q q 0 0 0 rg BT 276.97 288.70 Td (high ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 276.70 Td (net ) Tj ET Q q 0 0 0 rg BT 59.38 276.70 Td (worth ) Tj ET Q q 0 0 0 rg BT 84.87 276.70 Td (individuals; ) Tj ET Q q 0 0 0 rg BT 134.26 276.70 Td (and ) Tj ET Q q 0 0 0 rg BT 150.86 276.70 Td (invest ) Tj ET Q q 0 0 0 rg BT 176.91 276.70 Td (in ) Tj ET Q q 0 0 0 rg BT 186.85 276.70 Td (securities. ) Tj ET Q q 0 0 0 rg BT 229.28 276.70 Td (Lending ) Tj ET Q q 0 0 0 rg BT 264.77 276.70 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 264.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 83.56 264.70 Td (in ) Tj ET Q q 0 0 0 rg BT 94.93 264.70 Td (the ) Tj ET Q q 0 0 0 rg BT 110.73 264.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 132.10 264.70 Td (Bank ) Tj ET Q q 0 0 0 rg BT 156.79 264.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 207.60 264.70 Td (from ) Tj ET Q q 0 0 0 rg BT 230.62 264.70 Td (the ) Tj ET Q q 0 0 0 rg BT 246.43 264.70 Td (Institutional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 252.70 Td (Securities ) Tj ET Q q 0 0 0 rg BT 90.60 252.70 Td (business ) Tj ET Q q 0 0 0 rg BT 130.66 252.70 Td (segment ) Tj ET Q q 0 0 0 rg BT 170.16 252.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 213.54 252.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 253.03 252.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 280.31 252.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 240.70 Td (lending ) Tj ET Q q 0 0 0 rg BT 79.64 240.70 Td (commitments ) Tj ET Q q 0 0 0 rg BT 138.72 240.70 Td (to ) Tj ET Q q 0 0 0 rg BT 151.14 240.70 Td (corporate ) Tj ET Q q 0 0 0 rg BT 193.54 240.70 Td (clients. ) Tj ET Q q 0 0 0 rg BT 226.79 240.70 Td (Lending ) Tj ET Q q 0 0 0 rg BT 264.76 240.70 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 228.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 86.15 228.70 Td (in ) Tj ET Q q 0 0 0 rg BT 100.10 228.70 Td (the ) Tj ET Q q 0 0 0 rg BT 118.49 228.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 142.45 228.70 Td (Bank ) Tj ET Q q 0 0 0 rg BT 169.73 228.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 223.12 228.70 Td (from ) Tj ET Q q 0 0 0 rg BT 248.73 228.70 Td (the ) Tj ET Q q 0 0 0 rg BT 266.68 228.70 Td (W) Tj ET Q q 0 0 0 rg BT 275.32 228.70 Td (ealth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 216.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 100.94 216.70 Td (business ) Tj ET Q q 0 0 0 rg BT 138.57 216.70 Td (segment ) Tj ET Q q 0 0 0 rg BT 175.64 216.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 216.59 216.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 253.66 216.70 Td (securities-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 204.70 Td (based ) Tj ET Q q 0 0 0 rg BT 70.97 204.70 Td (lending, ) Tj ET Q q 0 0 0 rg BT 106.67 204.70 Td (which ) Tj ET Q q 0 0 0 rg BT 134.32 204.70 Td (allows ) Tj ET Q q 0 0 0 rg BT 163.63 204.70 Td (clients ) Tj ET Q q 0 0 0 rg BT 192.94 204.70 Td (to ) Tj ET Q q 0 0 0 rg BT 203.92 204.70 Td (borrow ) Tj ET Q q 0 0 0 rg BT 236.01 204.70 Td (money ) Tj ET Q q 0 0 0 rg BT 266.43 204.70 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 192.70 Td (the ) Tj ET Q q 0 0 0 rg BT 61.26 192.70 Td (value ) Tj ET Q q 0 0 0 rg BT 86.96 192.70 Td (of ) Tj ET Q q 0 0 0 rg BT 99.33 192.70 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 144.48 192.70 Td (securities, ) Tj ET Q q 0 0 0 rg BT 188.78 192.70 Td (and ) Tj ET Q q 0 0 0 rg BT 207.27 192.70 Td (residential ) Tj ET Q q 0 0 0 rg BT 252.96 192.70 Td (real ) Tj ET Q q 0 0 0 rg BT 271.99 192.70 Td (estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 180.70 Td (loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.61 180.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 158.70 Td (For ) Tj ET Q q 0 0 0 rg BT 62.24 158.70 Td (a ) Tj ET Q q 0 0 0 rg BT 70.02 158.70 Td (further ) Tj ET Q q 0 0 0 rg BT 100.57 158.70 Td (discussion ) Tj ET Q q 0 0 0 rg BT 145.58 158.70 Td (of ) Tj ET Q q 0 0 0 rg BT 157.26 158.70 Td (our ) Tj ET Q q 0 0 0 rg BT 173.93 158.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 200.04 158.70 Td (risks, ) Tj ET Q q 0 0 0 rg BT 224.77 158.70 Td (see) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.54 158.70 Td ( ) Tj ET Q q 0 0 0 rg BT 240.88 158.70 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.32 158.70 Td (Quantitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 146.70 Td (and ) Tj ET Q q 0 0 0 rg BT 63.02 146.70 Td (Qualitative ) Tj ET Q q 0 0 0 rg BT 111.03 146.70 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 161.27 146.70 Td (about ) Tj ET Q q 0 0 0 rg BT 187.07 146.70 Td (Risk—Credit ) Tj ET Q q 0 0 0 rg BT 243.98 146.70 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.32 146.70 Td (.” ) Tj ET Q q 0 0 0 rg BT 272.84 146.70 Td (For ) Tj ET Q q 0 0 0 rg BT 290.31 146.70 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 134.70 Td (further ) Tj ET Q q 0 0 0 rg BT 75.55 134.70 Td (discussion ) Tj ET Q q 0 0 0 rg BT 120.57 134.70 Td (about ) Tj ET Q q 0 0 0 rg BT 146.13 134.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 170.58 134.70 Td (and ) Tj ET Q q 0 0 0 rg BT 188.36 134.70 Td (lending ) Tj ET Q q 0 0 0 rg BT 221.70 134.70 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 281.99 134.70 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 122.70 Td (Notes ) Tj ET Q q 0 0 0 rg BT 70.83 122.70 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 122.70 Td ( ) Tj ET Q q 0 0 0 rg BT 78.33 122.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.27 122.70 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.27 122.70 Td ( ) Tj ET Q q 0 0 0 rg BT 107.77 122.70 Td (to ) Tj ET Q q 0 0 0 rg BT 118.05 122.70 Td (the ) Tj ET Q q 0 0 0 rg BT 132.76 122.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.24 122.70 Td (statements. ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 722.85 Td (U.S. Bank Subsidiaries’) Tj ET Q q 0 0 0 rg BT 411.73 722.85 Td ( Supplemental Financial Information) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 558.15 726.67 Td (1) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 683.35 m 449.75 683.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 683.35 m 510.75 683.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 683.35 m 567.75 683.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 683.35 m 567.75 683.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 670.35 m 567.75 670.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 670.35 m 449.75 670.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 670.35 m 510.75 670.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 670.35 m 567.75 670.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 644.35 m 449.75 644.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 631.35 m 449.75 631.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 644.35 m 510.75 644.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 631.35 m 510.75 631.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 644.35 m 567.75 644.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 631.35 m 567.75 631.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 618.35 m 449.75 618.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 618.35 m 510.75 618.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 618.35 m 567.75 618.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 605.35 m 449.75 605.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 605.35 m 510.75 605.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 618.35 m 567.75 618.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 605.35 m 567.75 605.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 605.35 m 449.75 605.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 571.35 m 449.75 571.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 571.35 m 449.75 571.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 558.35 m 449.75 558.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 571.35 m 510.75 571.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 558.35 m 510.75 558.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 571.35 m 567.75 571.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 558.35 m 567.75 558.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 558.35 m 449.75 558.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 545.35 m 449.75 545.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 545.35 m 510.75 545.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 545.35 m 567.75 545.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 498.35 m 449.75 498.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 498.35 m 510.75 498.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 498.35 m 567.75 498.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 485.35 m 449.75 485.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 464.35 m 449.75 464.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 485.35 m 510.75 485.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 464.35 m 510.75 464.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 485.35 m 567.75 485.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 464.35 m 567.75 464.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 464.35 m 449.75 464.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 443.35 m 449.75 443.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 443.35 m 510.75 443.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 464.35 m 567.75 464.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 443.35 m 567.75 443.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 443.35 m 449.75 443.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 430.35 m 449.75 430.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 449.75 430.35 m 510.75 430.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 430.35 m 567.75 430.35 l s BT /F8 7.00 Tf ET q 0 0 0 rg BT 320.25 687.30 Td ($ in billions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 475.50 703.83 Td (At) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 461.25 695.83 Td (March 31,) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 470.85 687.83 Td (2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 534.95 703.58 Td (At) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.60 695.58 Td (December 31,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.85 687.58 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 675.03 Td (Assets) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 452.25 674.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 487.50 674.63 Td (265.4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.25 674.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.50 674.63 Td (219.6) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 662.03 Td (Investment securities portfolio:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 329.25 649.03 Td (Investment securities—AFS) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.95 648.58 Td (49.0) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.95 648.58 Td (42.4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 329.25 636.03 Td (Investment securities—HTM) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.95 635.58 Td (28.7) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.95 635.58 Td (26.1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 320.25 622.58 Td (T) Tj ET Q q 0 0 0 rg BT 324.84 622.58 Td (otal investment securities) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 452.25 622.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.95 622.58 Td (77.7) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.25 622.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.95 622.58 Td (68.5) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 609.58 Td (Deposits) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 351.38 613.39 Td (2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 452.25 609.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 487.50 609.63 Td (234.1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.25 609.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.50 609.63 Td (189.3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 320.25 596.58 Td (W) Tj ET Q q 0 0 0 rg BT 327.73 596.58 Td (ealth Management Loans) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 584.03 Td (Securities-based lending and ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 576.03 Td (other) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 342.98 579.84 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 452.25 575.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.95 575.58 Td (51.4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.25 575.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.95 575.58 Td (49.9) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 563.03 Td (Residential real estate) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.95 562.58 Td (31.1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.95 562.58 Td (30.2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 320.25 549.58 Td (T) Tj ET Q q 0 0 0 rg BT 324.84 549.58 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 452.25 549.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.95 549.58 Td (82.5) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.25 549.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.95 549.58 Td (80.1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 320.25 536.58 Td (Institutional Securities Loans) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 523.58 Td (Corporate) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 355.82 527.39 Td (4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 358.72 523.58 Td (:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 329.25 511.03 Td (Corporate relationship and) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 333.75 503.03 Td (event-driven lending) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 452.25 502.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.95 502.58 Td (15.4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.25 502.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 553.40 502.63 Td (5.6) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 329.25 490.03 Td (Secured lending facilities) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.95 489.58 Td (28.4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.95 489.58 Td (26.8) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 329.25 477.03 Td (Securities-based lending and) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 333.75 469.03 Td (other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 496.35 468.58 Td (5.1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 553.40 468.63 Td (5.4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 455.58 Td (Commercial and residential real) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 447.58 Td (estate) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.95 447.58 Td (10.3) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.95 447.58 Td (12.0) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 320.25 434.58 Td (T) Tj ET Q q 0 0 0 rg BT 324.54 434.58 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 452.25 434.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.95 434.58 Td (59.2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.25 434.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.95 434.58 Td (49.8) Tj ET Q BT /F1 10.00 Tf ET BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 413.45 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 413.45 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 358.00 413.45 Td (exclude ) Tj ET Q q 0 0 0 rg BT 386.00 413.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 428.59 413.45 Td (between ) Tj ET Q q 0 0 0 rg BT 459.10 413.45 Td (the ) Tj ET Q q 0 0 0 rg BT 471.68 413.45 Td (bank ) Tj ET Q q 0 0 0 rg BT 490.10 413.45 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 533.94 413.45 Td (as ) Tj ET Q q 0 0 0 rg BT 544.01 413.45 Td (well ) Tj ET Q q 0 0 0 rg BT 559.08 413.45 Td (as ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 404.45 Td (deposits ) Tj ET Q q 0 0 0 rg BT 356.27 404.45 Td (from ) Tj ET Q q 0 0 0 rg BT 373.35 404.45 Td (the ) Tj ET Q q 0 0 0 rg BT 385.87 404.45 Td (Parent ) Tj ET Q q 0 0 0 rg BT 410.05 404.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 444.23 404.45 Td (and ) Tj ET Q q 0 0 0 rg BT 458.83 404.45 Td (af) Tj ET Q q 0 0 0 rg BT 464.95 404.45 Td (filiates.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 488.29 404.45 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 395.45 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 395.45 Td (For ) Tj ET Q q 0 0 0 rg BT 339.56 395.45 Td (further ) Tj ET Q q 0 0 0 rg BT 363.30 395.45 Td (information ) Tj ET Q q 0 0 0 rg BT 402.46 395.45 Td (on ) Tj ET Q q 0 0 0 rg BT 412.86 395.45 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 444.94 395.45 Td (see) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 457.03 395.45 Td ( ) Tj ET Q q 0 0 0 rg BT 459.09 395.45 Td (“) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 461.59 395.45 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 491.17 395.45 Td (and ) Tj ET Q q 0 0 0 rg BT 505.74 395.45 Td (Capital ) Tj ET Q q 0 0 0 rg BT 531.15 395.45 Td (Resources) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 386.45 Td (—Funding ) Tj ET Q q 0 0 0 rg BT 362.94 386.45 Td (Management—Unsecured ) Tj ET Q q 0 0 0 rg BT 452.57 386.45 Td (Financing) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 485.09 386.45 Td (” ) Tj ET Q q 0 0 0 rg BT 489.68 386.45 Td (herein.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 377.45 Td (3. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 377.45 Td (Other ) Tj ET Q q 0 0 0 rg BT 347.09 377.45 Td (loans ) Tj ET Q q 0 0 0 rg BT 367.11 377.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 397.53 377.45 Td (include ) Tj ET Q q 0 0 0 rg BT 423.38 377.45 Td (tailored ) Tj ET Q q 0 0 0 rg BT 450.06 377.45 Td (lending.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 476.34 377.45 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 317.25 368.45 Td (4. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 368.45 Td (For ) Tj ET Q q 0 0 0 rg BT 340.06 368.45 Td (a ) Tj ET Q q 0 0 0 rg BT 346.80 368.45 Td (further ) Tj ET Q q 0 0 0 rg BT 371.04 368.45 Td (discussion ) Tj ET Q q 0 0 0 rg BT 408.62 368.45 Td (of ) Tj ET Q q 0 0 0 rg BT 417.43 368.45 Td (corporate ) Tj ET Q q 0 0 0 rg BT 451.68 368.45 Td (loans ) Tj ET Q q 0 0 0 rg BT 472.17 368.45 Td (in ) Tj ET Q q 0 0 0 rg BT 480.57 368.45 Td (the ) Tj ET Q q 0 0 0 rg BT 493.56 368.45 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 534.07 368.45 Td (Securities ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 359.45 Td (business ) Tj ET Q q 0 0 0 rg BT 359.08 359.45 Td (segment, ) Tj ET Q q 0 0 0 rg BT 393.17 359.45 Td (see) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 405.26 359.45 Td ( ) Tj ET Q q 0 0 0 rg BT 408.49 359.45 Td (“) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 410.99 359.45 Td (Credit ) Tj ET Q q 0 0 0 rg BT 434.23 359.45 Td (Risk—Institutional ) Tj ET Q q 0 0 0 rg BT 497.49 359.45 Td (Securities ) Tj ET Q q 0 0 0 rg BT 533.65 359.45 Td (Corporate ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 326.25 350.45 Td (Loans) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 346.69 350.45 Td (” ) Tj ET Q q 0 0 0 rg BT 351.27 350.45 Td (herein.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I37 Do Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 317.25 326.05 Td (Other) Tj ET Q q 0 0 0 rg BT 347.69 326.05 Td ( Matters) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.25 304.05 Td (Planned ) Tj ET Q q 0 0 0 rg BT 354.21 304.05 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 405.61 304.05 Td (of ) Tj ET Q q 0 0 0 rg BT 416.44 304.05 Td (E*TRADE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 282.05 Td (On ) Tj ET Q q 0 0 0 rg BT 332.29 282.05 Td (February ) Tj ET Q q 0 0 0 rg BT 371.21 282.05 Td (20, ) Tj ET Q q 0 0 0 rg BT 386.53 282.05 Td (2020, ) Tj ET Q q 0 0 0 rg BT 411.86 282.05 Td (we ) Tj ET Q q 0 0 0 rg BT 426.34 282.05 Td (entered ) Tj ET Q q 0 0 0 rg BT 458.58 282.05 Td (into ) Tj ET Q q 0 0 0 rg BT 476.96 282.05 Td (a ) Tj ET Q q 0 0 0 rg BT 484.22 282.05 Td (definitive ) Tj ET Q q 0 0 0 rg BT 525.36 282.05 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 270.05 Td (under ) Tj ET Q q 0 0 0 rg BT 342.29 270.05 Td (which ) Tj ET Q q 0 0 0 rg BT 369.01 270.05 Td (we ) Tj ET Q q 0 0 0 rg BT 382.94 270.05 Td (will ) Tj ET Q q 0 0 0 rg BT 400.78 270.05 Td (acquire ) Tj ET Q q 0 0 0 rg BT 432.47 270.05 Td (E*TRADE ) Tj ET Q q 0 0 0 rg BT 479.19 270.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 518.68 270.05 Td (Corporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 258.05 Td (\(“E*TRADE”\) ) Tj ET Q q 0 0 0 rg BT 378.79 258.05 Td (in ) Tj ET Q q 0 0 0 rg BT 388.12 258.05 Td (an ) Tj ET Q q 0 0 0 rg BT 399.12 258.05 Td (all-stock ) Tj ET Q q 0 0 0 rg BT 435.12 258.05 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 483.05 258.05 Td (In ) Tj ET Q q 0 0 0 rg BT 492.94 258.05 Td (the ) Tj ET Q q 0 0 0 rg BT 506.72 258.05 Td (current ) Tj ET Q q 0 0 0 rg BT 536.59 258.05 Td (quarter) Tj ET Q q 0 0 0 rg BT 564.51 258.05 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 246.05 Td (we ) Tj ET Q q 0 0 0 rg BT 331.67 246.05 Td (filed ) Tj ET Q q 0 0 0 rg BT 352.76 246.05 Td (our ) Tj ET Q q 0 0 0 rg BT 368.85 246.05 Td (application ) Tj ET Q q 0 0 0 rg BT 416.04 246.05 Td (with ) Tj ET Q q 0 0 0 rg BT 436.59 246.05 Td (the ) Tj ET Q q 0 0 0 rg BT 451.57 246.05 Td (Federal ) Tj ET Q q 0 0 0 rg BT 484.31 246.05 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 519.28 246.05 Td (and ) Tj ET Q q 0 0 0 rg BT 536.48 246.05 Td (in ) Tj ET Q q 0 0 0 rg BT 547.03 246.05 Td (early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 234.05 Td (April ) Tj ET Q q 0 0 0 rg BT 341.54 234.05 Td (the ) Tj ET Q q 0 0 0 rg BT 356.95 234.05 Td (Hart-Scott-Rodino ) Tj ET Q q 0 0 0 rg BT 433.86 234.05 Td (Antitrust ) Tj ET Q q 0 0 0 rg BT 472.60 234.05 Td (waiting ) Tj ET Q q 0 0 0 rg BT 505.78 234.05 Td (period ) Tj ET Q q 0 0 0 rg BT 534.51 234.05 Td (expired. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 222.05 Td (The ) Tj ET Q q 0 0 0 rg BT 337.49 222.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 386.06 222.05 Td (is ) Tj ET Q q 0 0 0 rg BT 397.42 222.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 430.44 222.05 Td (to ) Tj ET Q q 0 0 0 rg BT 442.91 222.05 Td (customary ) Tj ET Q q 0 0 0 rg BT 489.26 222.05 Td (closing ) Tj ET Q q 0 0 0 rg BT 522.83 222.05 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 210.05 Td (including ) Tj ET Q q 0 0 0 rg BT 359.71 210.05 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 405.50 210.05 Td (approvals ) Tj ET Q q 0 0 0 rg BT 449.07 210.05 Td (and ) Tj ET Q q 0 0 0 rg BT 468.19 210.05 Td (approval ) Tj ET Q q 0 0 0 rg BT 507.87 210.05 Td (by ) Tj ET Q q 0 0 0 rg BT 522.56 210.05 Td (E*TRADE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 198.05 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 372.27 198.05 Td (and ) Tj ET Q q 0 0 0 rg BT 388.70 198.05 Td (we ) Tj ET Q q 0 0 0 rg BT 402.35 198.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 438.77 198.05 Td (to ) Tj ET Q q 0 0 0 rg BT 448.53 198.05 Td (expect ) Tj ET Q q 0 0 0 rg BT 476.62 198.05 Td (the ) Tj ET Q q 0 0 0 rg BT 490.82 198.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 536.69 198.05 Td (to ) Tj ET Q q 0 0 0 rg BT 546.45 198.05 Td (close ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 186.05 Td (in ) Tj ET Q q 0 0 0 rg BT 327.53 186.05 Td (the ) Tj ET Q q 0 0 0 rg BT 342.25 186.05 Td (fourth ) Tj ET Q q 0 0 0 rg BT 369.18 186.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 400.00 186.05 Td (of ) Tj ET Q q 0 0 0 rg BT 410.83 186.05 Td (2020.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 317.25 161.65 Td (Accounting Development Updates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 139.65 Td (The ) Tj ET Q q 0 0 0 rg BT 335.88 139.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 375.50 139.65 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 425.24 139.65 Td (Standards ) Tj ET Q q 0 0 0 rg BT 467.77 139.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 495.30 139.65 Td (has ) Tj ET Q q 0 0 0 rg BT 511.71 139.65 Td (issued ) Tj ET Q q 0 0 0 rg BT 539.80 139.65 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 127.65 Td (accounting ) Tj ET Q q 0 0 0 rg BT 364.85 127.65 Td (updates ) Tj ET Q q 0 0 0 rg BT 399.12 127.65 Td (that ) Tj ET Q q 0 0 0 rg BT 417.84 127.65 Td (apply ) Tj ET Q q 0 0 0 rg BT 443.78 127.65 Td (to ) Tj ET Q q 0 0 0 rg BT 455.28 127.65 Td (us. ) Tj ET Q q 0 0 0 rg BT 469.58 127.65 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 519.96 127.65 Td (updates ) Tj ET Q q 0 0 0 rg BT 554.23 127.65 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 115.65 Td (listed ) Tj ET Q q 0 0 0 rg BT 343.15 115.65 Td (below ) Tj ET Q q 0 0 0 rg BT 371.83 115.65 Td (were ) Tj ET Q q 0 0 0 rg BT 395.50 115.65 Td (assessed ) Tj ET Q q 0 0 0 rg BT 433.62 115.65 Td (and ) Tj ET Q q 0 0 0 rg BT 452.30 115.65 Td (either ) Tj ET Q q 0 0 0 rg BT 479.30 115.65 Td (determined ) Tj ET Q q 0 0 0 rg BT 528.52 115.65 Td (to ) Tj ET Q q 0 0 0 rg BT 540.54 115.65 Td (be ) Tj ET Q q 0 0 0 rg BT 554.22 115.65 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 103.65 Td (applicable ) Tj ET Q q 0 0 0 rg BT 361.27 103.65 Td (or ) Tj ET Q q 0 0 0 rg BT 372.53 103.65 Td (are ) Tj ET Q q 0 0 0 rg BT 387.67 103.65 Td (not ) Tj ET Q q 0 0 0 rg BT 403.37 103.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 441.83 103.65 Td (to ) Tj ET Q q 0 0 0 rg BT 452.54 103.65 Td (have ) Tj ET Q q 0 0 0 rg BT 474.35 103.65 Td (a ) Tj ET Q q 0 0 0 rg BT 481.72 103.65 Td (significant ) Tj ET Q q 0 0 0 rg BT 526.86 103.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 557.00 103.65 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 91.65 Td (our ) Tj ET Q q 0 0 0 rg BT 333.08 91.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 370.56 91.65 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.27 91.65 Td ( ) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 722.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.62 722.10 Td (following ) Tj ET Q q 0 0 0 rg BT 105.58 722.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 152.52 722.10 Td (update ) Tj ET Q q 0 0 0 rg BT 182.25 722.10 Td (is ) Tj ET Q q 0 0 0 rg BT 191.99 722.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 231.15 722.10 Td (being ) Tj ET Q q 0 0 0 rg BT 256.44 722.10 Td (evaluated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 710.10 Td (to ) Tj ET Q q 0 0 0 rg BT 55.28 710.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 97.76 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.48 710.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 149.97 710.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 179.68 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.51 710.10 Td (adoption:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 688.10 Td (• ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 54.00 688.10 Td (Refer) Tj ET Q q 0 0 0 rg BT 75.28 688.10 Td (ence ) Tj ET Q q 0 0 0 rg BT 98.29 688.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 121.31 688.10 Td (Reform. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.93 688.10 Td (This ) Tj ET Q q 0 0 0 rg BT 180.40 688.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 228.97 688.10 Td (update ) Tj ET Q q 0 0 0 rg BT 260.31 688.10 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 676.10 Td (optional ) Tj ET Q q 0 0 0 rg BT 90.50 676.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 138.10 676.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 162.93 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.44 676.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 207.05 676.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.55 676.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 270.88 676.10 Td (hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 664.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 100.70 664.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 154.63 664.10 Td (or ) Tj ET Q q 0 0 0 rg BT 165.78 664.10 Td (other ) Tj ET Q q 0 0 0 rg BT 189.16 664.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 239.75 664.10 Td (that ) Tj ET Q q 0 0 0 rg BT 257.57 664.10 Td (reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 652.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 89.10 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.54 652.10 Td (other ) Tj ET Q q 0 0 0 rg BT 128.19 652.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 162.72 652.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 182.81 652.10 Td (benchmarks ) Tj ET Q q 0 0 0 rg BT 236.23 652.10 Td (for ) Tj ET Q q 0 0 0 rg BT 252.99 652.10 Td (which ) Tj ET Q q 0 0 0 rg BT 282.53 652.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 640.10 Td (referenced ) Tj ET Q q 0 0 0 rg BT 99.73 640.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 118.26 640.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.48 640.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 167.56 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.88 640.10 Td (be ) Tj ET Q q 0 0 0 rg BT 191.87 640.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 246.52 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 258.39 640.10 Td (replaced. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 628.10 Td (This ) Tj ET Q q 0 0 0 rg BT 82.10 628.10 Td (optional ) Tj ET Q q 0 0 0 rg BT 125.20 628.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 156.61 628.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 204.13 628.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 240.56 628.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.55 628.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 616.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 115.46 616.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 145.81 616.10 Td (related ) Tj ET Q q 0 0 0 rg BT 179.48 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.73 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.41 616.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 267.74 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.53 616.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 604.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 94.77 604.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 113.34 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.71 604.10 Td (be ) Tj ET Q q 0 0 0 rg BT 137.73 604.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 181.85 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 197.10 604.10 Td (as ) Tj ET Q q 0 0 0 rg BT 209.01 604.10 Td (a ) Tj ET Q q 0 0 0 rg BT 217.04 604.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 270.61 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.53 604.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 592.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 90.70 592.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 127.93 592.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 161.29 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.65 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.01 592.10 Td (an ) Tj ET Q q 0 0 0 rg BT 202.48 592.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 269.17 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.54 592.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 580.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 91.56 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.86 580.10 Td (would ) Tj ET Q q 0 0 0 rg BT 136.72 580.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 175.67 580.10 Td (not ) Tj ET Q q 0 0 0 rg BT 191.30 580.10 Td (trigger ) Tj ET Q q 0 0 0 rg BT 220.82 580.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 250.88 580.10 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 568.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 89.24 568.10 Td (that ) Tj ET Q q 0 0 0 rg BT 108.37 568.10 Td (would ) Tj ET Q q 0 0 0 rg BT 137.50 568.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 180.51 568.10 Td (be ) Tj ET Q q 0 0 0 rg BT 194.08 568.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 233.73 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 253.41 568.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 278.64 568.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 556.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 84.17 556.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 117.11 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.95 556.10 Td (change ) Tj ET Q q 0 0 0 rg BT 161.33 556.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 192.59 556.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 224.41 556.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 250.69 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.08 556.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 544.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 80.09 544.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 126.18 544.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 179.50 544.10 Td (that ) Tj ET Q q 0 0 0 rg BT 196.71 544.10 Td (are ) Tj ET Q q 0 0 0 rg BT 211.13 544.10 Td (af) Tj ET Q q 0 0 0 rg BT 218.71 544.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 245.35 544.10 Td (by ) Tj ET Q q 0 0 0 rg BT 257.57 544.10 Td (reference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 532.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 75.24 532.10 Td (reform, ) Tj ET Q q 0 0 0 rg BT 111.19 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.88 532.10 Td (these ) Tj ET Q q 0 0 0 rg BT 158.68 532.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 197.14 532.10 Td (would ) Tj ET Q q 0 0 0 rg BT 228.39 532.10 Td (not ) Tj ET Q q 0 0 0 rg BT 247.42 532.10 Td (require ) Tj ET Q q 0 0 0 rg BT 281.98 532.10 Td (de-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 520.10 Td (designating ) Tj ET Q q 0 0 0 rg BT 102.91 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.94 520.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 144.62 520.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 191.31 520.10 Td (relationship. ) Tj ET Q q 0 0 0 rg BT 243.62 520.10 Td (The ) Tj ET Q q 0 0 0 rg BT 261.98 520.10 Td (optional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 508.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 77.78 508.10 Td (can ) Tj ET Q q 0 0 0 rg BT 94.34 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 106.46 508.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 138.58 508.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 181.26 508.10 Td (January ) Tj ET Q q 0 0 0 rg BT 215.04 508.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 225.23 508.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 250.41 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.54 508.10 Td (ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 496.10 Td (December ) Tj ET Q q 0 0 0 rg BT 98.13 496.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 113.68 496.10 Td (2022. ) Tj ET Q q 0 0 0 rg BT 139.00 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 147.64 496.10 Td (e ) Tj ET Q q 0 0 0 rg BT 155.13 496.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 175.39 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.22 496.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 211.48 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.74 496.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 273.66 496.10 Td (relief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 68.77 484.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 107.40 484.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 146.04 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.92 484.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 197.23 484.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 247.54 484.10 Td (relationship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 472.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 110.63 472.10 Td (are ) Tj ET Q q 0 0 0 rg BT 124.48 472.10 Td (made ) Tj ET Q q 0 0 0 rg BT 147.77 472.10 Td (during ) Tj ET Q q 0 0 0 rg BT 175.52 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.38 472.10 Td (course ) Tj ET Q q 0 0 0 rg BT 217.12 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.09 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.95 472.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 279.77 472.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 460.10 Td (reform ) Tj ET Q q 0 0 0 rg BT 83.71 460.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 123.98 460.10 Td (period.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I38 Do Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 435.70 Td (Critical ) Tj ET Q q 0 0 0 rg BT 86.65 435.70 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 413.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.24 413.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 100.91 413.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 145.82 413.70 Td (are ) Tj ET Q q 0 0 0 rg BT 160.71 413.70 Td (prepared ) Tj ET Q q 0 0 0 rg BT 198.38 413.70 Td (in ) Tj ET Q q 0 0 0 rg BT 208.85 413.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 256.50 413.70 Td (with ) Tj ET Q q 0 0 0 rg BT 276.97 413.70 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 401.70 Td (GAAP) Tj ET Q q 0 0 0 rg BT 71.12 401.70 Td (, ) Tj ET Q q 0 0 0 rg BT 76.75 401.70 Td (which ) Tj ET Q q 0 0 0 rg BT 104.32 401.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 139.67 401.70 Td (us ) Tj ET Q q 0 0 0 rg BT 151.69 401.70 Td (to ) Tj ET Q q 0 0 0 rg BT 162.60 401.70 Td (make ) Tj ET Q q 0 0 0 rg BT 187.39 401.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 227.74 401.70 Td (and ) Tj ET Q q 0 0 0 rg BT 245.31 401.70 Td (assumptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.76 401.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 389.70 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.62 389.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 85.59 389.70 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.59 389.70 Td ( ) Tj ET Q q 0 0 0 rg BT 93.11 389.70 Td (to ) Tj ET Q q 0 0 0 rg BT 103.42 389.70 Td (the ) Tj ET Q q 0 0 0 rg BT 118.16 389.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.67 389.70 Td (statements\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.05 389.70 Td (W) Tj ET Q q 0 0 0 rg BT 214.69 389.70 Td (e ) Tj ET Q q 0 0 0 rg BT 221.66 389.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 253.05 389.70 Td (that ) Tj ET Q q 0 0 0 rg BT 270.57 389.70 Td (of ) Tj ET Q q 0 0 0 rg BT 281.43 389.70 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 377.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 91.84 377.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 140.35 377.70 Td (policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.45 377.70 Td ( ) Tj ET Q q 0 0 0 rg BT 176.08 377.70 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.81 377.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 220.88 377.70 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.88 377.70 Td ( ) Tj ET Q q 0 0 0 rg BT 230.51 377.70 Td (to ) Tj ET Q q 0 0 0 rg BT 242.92 377.70 Td (the ) Tj ET Q q 0 0 0 rg BT 259.77 377.70 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 365.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 90.07 365.70 Td (in ) Tj ET Q q 0 0 0 rg BT 100.71 365.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.79 365.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 138.65 365.70 Td (Form ) Tj ET Q q 0 0 0 rg BT 163.18 365.70 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.74 365.70 Td ( ) Tj ET Q q 0 0 0 rg BT 186.60 365.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.90 365.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 226.20 365.70 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.20 365.70 Td ( ) Tj ET Q q 0 0 0 rg BT 234.06 365.70 Td (to ) Tj ET Q q 0 0 0 rg BT 244.70 365.70 Td (the ) Tj ET Q q 0 0 0 rg BT 259.78 365.70 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 353.70 Td (statements\), ) Tj ET Q q 0 0 0 rg BT 95.07 353.70 Td (the ) Tj ET Q q 0 0 0 rg BT 109.31 353.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 125.21 353.70 Td (value, ) Tj ET Q q 0 0 0 rg BT 151.40 353.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 188.98 353.70 Td (and ) Tj ET Q q 0 0 0 rg BT 205.44 353.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 247.46 353.70 Td (assets, ) Tj ET Q q 0 0 0 rg BT 275.32 353.70 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 341.70 Td (and ) Tj ET Q q 0 0 0 rg BT 61.40 341.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 104.45 341.70 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 161.39 341.70 Td (and ) Tj ET Q q 0 0 0 rg BT 177.79 341.70 Td (income ) Tj ET Q q 0 0 0 rg BT 209.19 341.70 Td (taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.69 341.70 Td (policies ) Tj ET Q q 0 0 0 rg BT 264.76 341.70 Td (involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 329.70 Td (a ) Tj ET Q q 0 0 0 rg BT 53.91 329.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 83.92 329.70 Td (degree ) Tj ET Q q 0 0 0 rg BT 115.03 329.70 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 329.70 Td (judgment ) Tj ET Q q 0 0 0 rg BT 170.07 329.70 Td (and ) Tj ET Q q 0 0 0 rg BT 188.97 329.70 Td (complexity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.31 329.70 Td (. ) Tj ET Q q 0 0 0 rg BT 240.28 329.70 Td (For ) Tj ET Q q 0 0 0 rg BT 258.64 329.70 Td (a ) Tj ET Q q 0 0 0 rg BT 267.54 329.70 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 317.70 Td (discussion ) Tj ET Q q 0 0 0 rg BT 95.76 317.70 Td (about ) Tj ET Q q 0 0 0 rg BT 127.06 317.70 Td (our ) Tj ET Q q 0 0 0 rg BT 149.48 317.70 Td (critical ) Tj ET Q q 0 0 0 rg BT 186.33 317.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 239.29 317.70 Td (policies, ) Tj ET Q q 0 0 0 rg BT 281.98 317.70 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 305.70 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.44 305.70 Td (Management’) Tj ET Q q 0 0 0 rg BT 104.42 305.70 Td (s ) Tj ET Q q 0 0 0 rg BT 109.62 305.70 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 154.82 305.70 Td (and ) Tj ET Q q 0 0 0 rg BT 170.28 305.70 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 206.59 305.70 Td (of ) Tj ET Q q 0 0 0 rg BT 216.23 305.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 254.75 305.70 Td (Condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 293.70 Td (and ) Tj ET Q q 0 0 0 rg BT 61.05 293.70 Td (Results ) Tj ET Q q 0 0 0 rg BT 92.11 293.70 Td (of ) Tj ET Q q 0 0 0 rg BT 102.05 293.70 Td (Operations—Critical ) Tj ET Q q 0 0 0 rg BT 187.17 293.70 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 235.44 293.70 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 293.70 Td (” ) Tj ET Q q 0 0 0 rg BT 273.15 293.70 Td (in ) Tj ET Q q 0 0 0 rg BT 282.54 293.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 281.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 67.50 281.70 Td (Form ) Tj ET Q q 0 0 0 rg BT 91.67 281.70 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.22 281.70 Td (.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 257.30 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 195.82 257.30 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 235.30 Td (Senior ) Tj ET Q q 0 0 0 rg BT 76.89 235.30 Td (management, ) Tj ET Q q 0 0 0 rg BT 136.26 235.30 Td (with ) Tj ET Q q 0 0 0 rg BT 159.81 235.30 Td (oversight ) Tj ET Q q 0 0 0 rg BT 202.81 235.30 Td (by ) Tj ET Q q 0 0 0 rg BT 218.59 235.30 Td (the ) Tj ET Q q 0 0 0 rg BT 235.31 235.30 Td (Asset/Liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 223.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 99.20 223.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 145.64 223.30 Td (and ) Tj ET Q q 0 0 0 rg BT 162.08 223.30 Td (the ) Tj ET Q q 0 0 0 rg BT 176.30 223.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 202.74 223.30 Td (of ) Tj ET Q q 0 0 0 rg BT 213.07 223.30 Td (Directors ) Tj ET Q q 0 0 0 rg BT 252.28 223.30 Td (\(“Board”\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 211.30 Td (establishes ) Tj ET Q q 0 0 0 rg BT 92.78 211.30 Td (and ) Tj ET Q q 0 0 0 rg BT 111.67 211.30 Td (maintains ) Tj ET Q q 0 0 0 rg BT 155.01 211.30 Td (our ) Tj ET Q q 0 0 0 rg BT 172.80 211.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 211.15 211.30 Td (and ) Tj ET Q q 0 0 0 rg BT 230.04 211.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 261.15 211.30 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 199.30 Td (Through ) Tj ET Q q 0 0 0 rg BT 88.62 199.30 Td (various ) Tj ET Q q 0 0 0 rg BT 127.23 199.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 151.41 199.30 Td (and ) Tj ET Q q 0 0 0 rg BT 175.03 199.30 Td (control ) Tj ET Q q 0 0 0 rg BT 212.53 199.30 Td (committees, ) Tj ET Q q 0 0 0 rg BT 270.31 199.30 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 187.30 Td (management ) Tj ET Q q 0 0 0 rg BT 100.23 187.30 Td (reviews ) Tj ET Q q 0 0 0 rg BT 135.47 187.30 Td (business ) Tj ET Q q 0 0 0 rg BT 173.50 187.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 228.16 187.30 Td (relative ) Tj ET Q q 0 0 0 rg BT 262.29 187.30 Td (to ) Tj ET Q q 0 0 0 rg BT 274.20 187.30 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 175.30 Td (policies, ) Tj ET Q q 0 0 0 rg BT 83.54 175.30 Td (monitors ) Tj ET Q q 0 0 0 rg BT 124.03 175.30 Td (the ) Tj ET Q q 0 0 0 rg BT 141.18 175.30 Td (availability ) Tj ET Q q 0 0 0 rg BT 191.10 175.30 Td (of ) Tj ET Q q 0 0 0 rg BT 204.36 175.30 Td (alternative ) Tj ET Q q 0 0 0 rg BT 251.49 175.30 Td (sources ) Tj ET Q q 0 0 0 rg BT 286.42 175.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 163.30 Td (financing, ) Tj ET Q q 0 0 0 rg BT 87.62 163.30 Td (and ) Tj ET Q q 0 0 0 rg BT 104.41 163.30 Td (oversees ) Tj ET Q q 0 0 0 rg BT 141.19 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 155.76 163.30 Td (liquidity) Tj ET Q q 0 0 0 rg BT 189.00 163.30 Td (, ) Tj ET Q q 0 0 0 rg BT 193.86 163.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 225.64 163.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 242.98 163.30 Td (and ) Tj ET Q q 0 0 0 rg BT 259.78 163.30 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 151.30 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 90.72 151.30 Td (of ) Tj ET Q q 0 0 0 rg BT 103.66 151.30 Td (our ) Tj ET Q q 0 0 0 rg BT 121.60 151.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 145.64 151.30 Td (and ) Tj ET Q q 0 0 0 rg BT 164.69 151.30 Td (liability ) Tj ET Q q 0 0 0 rg BT 200.40 151.30 Td (position. ) Tj ET Q q 0 0 0 rg BT 239.74 151.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 259.56 151.30 Td (T) Tj ET Q q 0 0 0 rg BT 265.32 151.30 Td (reasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 139.30 Td (department, ) Tj ET Q q 0 0 0 rg BT 107.85 139.30 Td (Firm ) Tj ET Q q 0 0 0 rg BT 142.68 139.30 Td (Risk ) Tj ET Q q 0 0 0 rg BT 176.39 139.30 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 235.31 139.30 Td (Asset/Liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 127.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 101.66 127.30 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 153.06 127.30 Td (and ) Tj ET Q q 0 0 0 rg BT 171.96 127.30 Td (other ) Tj ET Q q 0 0 0 rg BT 196.97 127.30 Td (committees ) Tj ET Q q 0 0 0 rg BT 247.53 127.30 Td (and ) Tj ET Q q 0 0 0 rg BT 266.43 127.30 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 115.30 Td (groups ) Tj ET Q q 0 0 0 rg BT 77.07 115.30 Td (assist ) Tj ET Q q 0 0 0 rg BT 103.59 115.30 Td (in ) Tj ET Q q 0 0 0 rg BT 116.22 115.30 Td (evaluating, ) Tj ET Q q 0 0 0 rg BT 165.22 115.30 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 214.51 115.30 Td (and ) Tj ET Q q 0 0 0 rg BT 233.80 115.30 Td (controlling ) Tj ET Q q 0 0 0 rg BT 282.53 115.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 103.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 75.37 103.30 Td (that ) Tj ET Q q 0 0 0 rg BT 93.53 103.30 Td (our ) Tj ET Q q 0 0 0 rg BT 110.02 103.30 Td (business ) Tj ET Q q 0 0 0 rg BT 147.07 103.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 186.33 103.30 Td (have ) Tj ET Q q 0 0 0 rg BT 208.37 103.30 Td (on ) Tj ET Q q 0 0 0 rg BT 221.53 103.30 Td (our ) Tj ET Q q 0 0 0 rg BT 238.02 103.30 Td (balance ) Tj ET Q q 0 0 0 rg BT 271.71 103.30 Td (sheet, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 91.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 81.06 91.30 Td (and ) Tj ET Q q 0 0 0 rg BT 97.66 91.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 126.48 91.30 Td (structure. ) Tj ET Q q 0 0 0 rg BT 166.13 91.30 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 205.52 91.30 Td (and ) Tj ET Q q 0 0 0 rg BT 222.13 91.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 250.95 91.30 Td (matters ) Tj ET Q q 0 0 0 rg BT 282.55 91.30 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 79.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 80.91 79.30 Td (regularly ) Tj ET Q q 0 0 0 rg BT 119.59 79.30 Td (to ) Tj ET Q q 0 0 0 rg BT 129.97 79.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.78 79.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 171.81 79.30 Td (and ) Tj ET Q q 0 0 0 rg BT 188.84 79.30 Td (the ) Tj ET Q q 0 0 0 rg BT 203.65 79.30 Td (Risk ) Tj ET Q q 0 0 0 rg BT 224.58 79.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 271.61 79.30 Td (of ) Tj ET Q q 0 0 0 rg BT 282.53 79.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 67.30 Td (Board.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.94 67.30 Td ( ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 317.25 720.90 Td (Balance Sheet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 698.90 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 698.90 Td (e ) Tj ET Q q 0 0 0 rg BT 331.67 698.90 Td (monitor ) Tj ET Q q 0 0 0 rg BT 364.68 698.90 Td (and ) Tj ET Q q 0 0 0 rg BT 380.46 698.90 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 415.11 698.90 Td (the ) Tj ET Q q 0 0 0 rg BT 428.67 698.90 Td (composition ) Tj ET Q q 0 0 0 rg BT 479.46 698.90 Td (and ) Tj ET Q q 0 0 0 rg BT 495.24 698.90 Td (size ) Tj ET Q q 0 0 0 rg BT 512.13 698.90 Td (of ) Tj ET Q q 0 0 0 rg BT 521.80 698.90 Td (our ) Tj ET Q q 0 0 0 rg BT 536.47 698.90 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 686.90 Td (sheet ) Tj ET Q q 0 0 0 rg BT 339.60 686.90 Td (on ) Tj ET Q q 0 0 0 rg BT 351.41 686.90 Td (a ) Tj ET Q q 0 0 0 rg BT 357.65 686.90 Td (regular ) Tj ET Q q 0 0 0 rg BT 387.77 686.90 Td (basis. ) Tj ET Q q 0 0 0 rg BT 412.07 686.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 429.43 686.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 461.76 686.90 Td (sheet ) Tj ET Q q 0 0 0 rg BT 484.12 686.90 Td (management ) Tj ET Q q 0 0 0 rg BT 537.01 686.90 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 674.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 358.30 674.90 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 402.13 674.90 Td (planning, ) Tj ET Q q 0 0 0 rg BT 447.35 674.90 Td (business-specific ) Tj ET Q q 0 0 0 rg BT 523.39 674.90 Td (thresholds, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 662.90 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 364.26 662.90 Td (of ) Tj ET Q q 0 0 0 rg BT 375.15 662.90 Td (business-specific ) Tj ET Q q 0 0 0 rg BT 446.03 662.90 Td (usage ) Tj ET Q q 0 0 0 rg BT 471.36 662.90 Td (versus ) Tj ET Q q 0 0 0 rg BT 499.48 662.90 Td (key ) Tj ET Q q 0 0 0 rg BT 516.48 662.90 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 650.90 Td (metrics ) Tj ET Q q 0 0 0 rg BT 349.18 650.90 Td (and ) Tj ET Q q 0 0 0 rg BT 366.12 650.90 Td (new ) Tj ET Q q 0 0 0 rg BT 385.28 650.90 Td (business ) Tj ET Q q 0 0 0 rg BT 421.67 650.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 451.39 650.90 Td (assessments.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 628.90 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 628.90 Td (e ) Tj ET Q q 0 0 0 rg BT 333.46 628.90 Td (establish ) Tj ET Q q 0 0 0 rg BT 371.59 628.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 405.26 628.90 Td (sheet ) Tj ET Q q 0 0 0 rg BT 428.94 628.90 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 473.18 628.90 Td (at ) Tj ET Q q 0 0 0 rg BT 483.53 628.90 Td (the ) Tj ET Q q 0 0 0 rg BT 498.89 628.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 552.56 628.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 616.90 Td (business ) Tj ET Q q 0 0 0 rg BT 354.08 616.90 Td (segment ) Tj ET Q q 0 0 0 rg BT 390.34 616.90 Td (levels. ) Tj ET Q q 0 0 0 rg BT 418.89 616.90 Td (W) Tj ET Q q 0 0 0 rg BT 427.53 616.90 Td (e ) Tj ET Q q 0 0 0 rg BT 434.90 616.90 Td (monitor ) Tj ET Q q 0 0 0 rg BT 469.51 616.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 502.98 616.90 Td (sheet ) Tj ET Q q 0 0 0 rg BT 526.46 616.90 Td (utilization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 604.90 Td (and ) Tj ET Q q 0 0 0 rg BT 337.06 604.90 Td (review ) Tj ET Q q 0 0 0 rg BT 369.64 604.90 Td (variances ) Tj ET Q q 0 0 0 rg BT 412.76 604.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 453.13 604.90 Td (from ) Tj ET Q q 0 0 0 rg BT 477.94 604.90 Td (business ) Tj ET Q q 0 0 0 rg BT 517.20 604.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 552.56 604.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 592.90 Td (market ) Tj ET Q q 0 0 0 rg BT 349.72 592.90 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 404.13 592.90 Td (On ) Tj ET Q q 0 0 0 rg BT 421.05 592.90 Td (a ) Tj ET Q q 0 0 0 rg BT 430.19 592.90 Td (regular ) Tj ET Q q 0 0 0 rg BT 463.21 592.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 490.41 592.90 Td (we ) Tj ET Q q 0 0 0 rg BT 506.78 592.90 Td (review ) Tj ET Q q 0 0 0 rg BT 538.69 592.90 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 580.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 370.37 580.90 Td (versus ) Tj ET Q q 0 0 0 rg BT 398.51 580.90 Td (established ) Tj ET Q q 0 0 0 rg BT 445.54 580.90 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 489.24 580.90 Td (and ) Tj ET Q q 0 0 0 rg BT 506.28 580.90 Td (assess ) Tj ET Q q 0 0 0 rg BT 533.31 580.90 Td (the ) Tj ET Q q 0 0 0 rg BT 548.12 580.90 Td (need ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 568.90 Td (to ) Tj ET Q q 0 0 0 rg BT 328.13 568.90 Td (re-allocate ) Tj ET Q q 0 0 0 rg BT 373.42 568.90 Td (our ) Tj ET Q q 0 0 0 rg BT 389.84 568.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 423.48 568.90 Td (sheet ) Tj ET Q q 0 0 0 rg BT 447.12 568.90 Td (based ) Tj ET Q q 0 0 0 rg BT 472.99 568.90 Td (on ) Tj ET Q q 0 0 0 rg BT 486.09 568.90 Td (business ) Tj ET Q q 0 0 0 rg BT 523.08 568.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 541.74 568.90 Td (needs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 556.90 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 556.90 Td (e ) Tj ET Q q 0 0 0 rg BT 333.02 556.90 Td (also ) Tj ET Q q 0 0 0 rg BT 351.82 556.90 Td (monitor ) Tj ET Q q 0 0 0 rg BT 386.18 556.90 Td (key ) Tj ET Q q 0 0 0 rg BT 403.31 556.90 Td (metrics, ) Tj ET Q q 0 0 0 rg BT 437.93 556.90 Td (including ) Tj ET Q q 0 0 0 rg BT 478.40 556.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 500.53 556.90 Td (and ) Tj ET Q q 0 0 0 rg BT 517.66 556.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 551.46 556.90 Td (size ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 544.90 Td (and ) Tj ET Q q 0 0 0 rg BT 334.19 544.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 363.34 544.90 Td (usage.) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 524.70 Td (T) Tj ET Q q 0 0 0 rg BT 321.81 524.70 Td (otal ) Tj ET Q q 0 0 0 rg BT 338.97 524.70 Td (Assets by Business Segment) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 502.2 m 454.75 502.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 502.2 m 491.75 502.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 502.2 m 528.75 502.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 502.2 m 565.75 502.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 490.2 m 417.75 490.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 490.2 m 454.75 490.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 490.2 m 491.75 490.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 490.2 m 528.75 490.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 490.2 m 565.75 490.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 466.2 m 417.75 466.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 466.2 m 454.75 466.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 466.2 m 491.75 466.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 466.2 m 528.75 466.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 466.2 m 565.75 466.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 454.2 m 417.75 454.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 454.2 m 454.75 454.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 454.2 m 491.75 454.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 454.2 m 528.75 454.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 454.2 m 565.75 454.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 442.2 m 417.75 442.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 442.2 m 454.75 442.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 442.2 m 491.75 442.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 442.2 m 528.75 442.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 442.2 m 565.75 442.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 423.2 m 417.75 423.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 423.2 m 454.75 423.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 423.2 m 491.75 423.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 423.2 m 528.75 423.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 423.2 m 565.75 423.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 411.2 m 417.75 411.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 411.2 m 454.75 411.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 411.2 m 491.75 411.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 411.2 m 528.75 411.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 411.2 m 565.75 411.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 392.2 m 417.75 392.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 380.2 m 417.75 380.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 392.2 m 454.75 392.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 380.2 m 454.75 380.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 392.2 m 491.75 392.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 380.2 m 491.75 380.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 392.2 m 528.75 392.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 380.2 m 528.75 380.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 392.2 m 565.75 392.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 380.2 m 565.75 380.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 368.2 m 417.75 368.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 368.2 m 454.75 368.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 368.2 m 491.75 368.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 368.2 m 528.75 368.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 368.2 m 565.75 368.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 356.2 m 417.75 356.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 356.2 m 454.75 356.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 356.2 m 491.75 356.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 356.2 m 528.75 356.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 356.2 m 565.75 356.2 l s BT /F7 7.00 Tf ET q 0 0 0 rg BT 461.65 506.20 Td (At March 31, 2020) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 320.25 494.60 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 432.40 494.20 Td (IS) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 466.50 494.20 Td (WM) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 505.85 494.20 Td (IM) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 539.35 494.20 Td (T) Tj ET Q q 0 0 0 rg BT 542.85 494.20 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 482.60 Td (Assets) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 470.20 Td (Cash and cash equivalents) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 420.25 470.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 426.55 470.20 Td (101,615) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 457.25 470.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 467.45 470.20 Td (29,803) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.25 470.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 518.10 470.20 Td (91) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 531.25 470.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 537.55 470.20 Td (131,509) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 458.20 Td (T) Tj ET Q q 0 0 0 rg BT 324.40 458.20 Td (rading assets at fair value) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 426.55 458.20 Td (266,781) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 477.20 458.20 Td (389) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 508.35 458.20 Td (3,746) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 537.55 458.20 Td (270,916) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 446.20 Td (Investment securities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 430.45 446.20 Td (40,662) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 467.45 446.20 Td (75,495) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 518.90 446.20 Td (—) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 537.55 446.20 Td (1) Tj ET Q q 0 0 0 rg BT 541.44 446.20 Td (16,157) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 434.20 Td (Securities purchased under) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 427.20 Td (agreements to resell) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 430.45 427.20 Td (88,008) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 467.45 427.20 Td (16,792) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 518.90 427.20 Td (—) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 537.55 427.20 Td (104,800) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 415.20 Td (Securities borrowed) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 430.45 415.20 Td (71,826) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 477.20 415.20 Td (474) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 518.90 415.20 Td (—) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 541.45 415.20 Td (72,300) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 403.20 Td (Customer and other) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 396.20 Td (receivables) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 430.45 396.20 Td (58,523) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 467.45 396.20 Td (15,216) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.20 396.20 Td (685) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 541.45 396.20 Td (74,424) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 384.20 Td (Loans) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 339.32 387.54 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 430.45 384.20 Td (66,171) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 467.45 384.20 Td (82,516) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 518.10 384.20 Td (10) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 537.55 384.20 Td (148,697) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 372.20 Td (Other assets) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 359.93 375.54 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 430.45 372.20 Td (13,903) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 467.45 372.20 Td (13,139) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 508.35 372.20 Td (1,950) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 541.45 372.20 Td (28,992) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 360.60 Td (T) Tj ET Q q 0 0 0 rg BT 324.01 360.60 Td (otal assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 420.25 360.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 426.55 360.20 Td (707,489) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 457.25 360.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.55 360.20 Td (233,824) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.25 360.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 508.35 360.20 Td (6,482) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 531.25 360.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 537.55 360.20 Td (947,795) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 334.20000000000005 m 454.75 334.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 334.20000000000005 m 491.75 334.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 334.20000000000005 m 528.75 334.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 334.20000000000005 m 565.75 334.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 322.20000000000005 m 417.75 322.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 322.20000000000005 m 454.75 322.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 322.20000000000005 m 491.75 322.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 322.20000000000005 m 528.75 322.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 322.20000000000005 m 565.75 322.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 298.20000000000005 m 417.75 298.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 298.20000000000005 m 454.75 298.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 298.20000000000005 m 491.75 298.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 298.20000000000005 m 528.75 298.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 298.20000000000005 m 565.75 298.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 286.20000000000005 m 417.75 286.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 286.20000000000005 m 454.75 286.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 286.20000000000005 m 491.75 286.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 286.20000000000005 m 528.75 286.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 286.20000000000005 m 565.75 286.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 274.20000000000005 m 417.75 274.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 274.20000000000005 m 454.75 274.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 274.20000000000005 m 491.75 274.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 274.20000000000005 m 528.75 274.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 274.20000000000005 m 565.75 274.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 255.20000000000005 m 417.75 255.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 255.20000000000005 m 454.75 255.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 255.20000000000005 m 491.75 255.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 255.20000000000005 m 528.75 255.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 255.20000000000005 m 565.75 255.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 243.20000000000005 m 417.75 243.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 243.20000000000005 m 454.75 243.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 243.20000000000005 m 491.75 243.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 243.20000000000005 m 528.75 243.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 243.20000000000005 m 565.75 243.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 224.20000000000005 m 417.75 224.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 212.20000000000005 m 417.75 212.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 224.20000000000005 m 454.75 224.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 212.20000000000005 m 454.75 212.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 224.20000000000005 m 491.75 224.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 212.20000000000005 m 491.75 212.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 224.20000000000005 m 528.75 224.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 212.20000000000005 m 528.75 212.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 224.20000000000005 m 565.75 224.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 212.20000000000005 m 565.75 212.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 200.20000000000005 m 417.75 200.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 200.20000000000005 m 454.75 200.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 200.20000000000005 m 491.75 200.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 200.20000000000005 m 528.75 200.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 200.20000000000005 m 565.75 200.20000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 188.20000000000005 m 417.75 188.20000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 417.75 188.20000000000005 m 454.75 188.20000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 454.75 188.20000000000005 m 491.75 188.20000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 491.75 188.20000000000005 m 528.75 188.20000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 528.75 188.20000000000005 m 565.75 188.20000000000005 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 456.20 338.20 Td (At December 31, 2019) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 327.33 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 432.40 326.20 Td (IS) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 466.50 326.20 Td (WM) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 505.85 326.20 Td (IM) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 539.35 326.20 Td (T) Tj ET Q q 0 0 0 rg BT 542.85 326.20 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 314.60 Td (Assets) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 302.20 Td (Cash and cash equivalents) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 420.25 302.20 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 430.45 302.20 Td (67,657) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 457.25 302.20 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 467.45 302.20 Td (14,247) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 494.25 302.20 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 514.20 302.20 Td (267) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 531.25 302.20 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 541.45 302.20 Td (82,171) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 290.20 Td (T) Tj ET Q q 0 0 0 rg BT 324.40 290.20 Td (rading assets at fair value) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 426.55 290.20 Td (293,477) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 481.10 290.20 Td (47) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 508.35 290.20 Td (3,586) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.55 290.20 Td (297,1) Tj ET Q q 0 0 0 rg BT 555.07 290.20 Td (10) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 278.20 Td (Investment securities) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 430.45 278.20 Td (38,524) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 467.45 278.20 Td (67,201) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.90 278.20 Td (—) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.55 278.20 Td (105,725) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 266.20 Td (Securities purchased under) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 259.20 Td (agreements to resell) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 430.45 259.20 Td (80,744) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 471.35 259.20 Td (7,480) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.90 259.20 Td (—) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 541.45 259.20 Td (88,224) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 247.20 Td (Securities borrowed) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 426.55 247.20 Td (106,199) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 477.20 247.20 Td (350) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.90 247.20 Td (—) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.55 247.20 Td (106,549) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 235.20 Td (Customer and other) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 228.20 Td (receivables) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 430.45 228.20 Td (39,743) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 467.45 228.20 Td (15,190) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 514.20 228.20 Td (713) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 541.45 228.20 Td (55,646) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 216.20 Td (Loans) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 339.32 219.54 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 430.45 216.20 Td (50,557) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 467.45 216.20 Td (80,075) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 522.00 216.20 Td (5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.55 216.20 Td (130,637) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 204.20 Td (Other assets) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 359.93 207.54 Td (2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 430.45 204.20 Td (14,300) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 467.45 204.20 Td (13,092) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 508.35 204.20 Td (1,975) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 541.45 204.20 Td (29,367) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 192.60 Td (T) Tj ET Q q 0 0 0 rg BT 324.01 192.60 Td (otal assets) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 420.25 192.20 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 426.55 192.20 Td (691,201) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 457.25 192.20 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 463.55 192.20 Td (197,682) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 494.25 192.20 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 508.35 192.20 Td (6,546) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 531.25 192.20 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.55 192.20 Td (895,429) Tj ET Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 174.90 Td (IS—Institutional ) Tj ET Q q 0 0 0 rg BT 364.58 174.90 Td (Securities) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 393.12 174.90 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 167.10 Td (WM—W) Tj ET Q q 0 0 0 rg BT 341.32 167.10 Td (ealth ) Tj ET Q q 0 0 0 rg BT 357.22 167.10 Td (Management) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 395.16 167.10 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 159.30 Td (IM—Investment ) Tj ET Q q 0 0 0 rg BT 364.57 159.30 Td (Management) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 402.51 159.30 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 151.50 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 151.50 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 353.63 151.50 Td (include ) Tj ET Q q 0 0 0 rg BT 375.96 151.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 393.23 151.50 Td (held ) Tj ET Q q 0 0 0 rg BT 407.25 151.50 Td (for ) Tj ET Q q 0 0 0 rg BT 416.56 151.50 Td (investment, ) Tj ET Q q 0 0 0 rg BT 451.53 151.50 Td (net ) Tj ET Q q 0 0 0 rg BT 462.30 151.50 Td (of ) Tj ET Q q 0 0 0 rg BT 469.45 151.50 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 501.89 151.50 Td (and ) Tj ET Q q 0 0 0 rg BT 514.47 151.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 531.74 151.50 Td (held ) Tj ET Q q 0 0 0 rg BT 545.76 151.50 Td (for ) Tj ET Q q 0 0 0 rg BT 555.07 151.50 Td (sale ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 143.70 Td (but ) Tj ET Q q 0 0 0 rg BT 337.38 143.70 Td (exclude ) Tj ET Q q 0 0 0 rg BT 361.89 143.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 379.53 143.70 Td (at ) Tj ET Q q 0 0 0 rg BT 387.05 143.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 398.17 143.70 Td (value, ) Tj ET Q q 0 0 0 rg BT 417.62 143.70 Td (which ) Tj ET Q q 0 0 0 rg BT 436.34 143.70 Td (are ) Tj ET Q q 0 0 0 rg BT 447.83 143.70 Td (included ) Tj ET Q q 0 0 0 rg BT 474.14 143.70 Td (in ) Tj ET Q q 0 0 0 rg BT 481.16 143.70 Td (T) Tj ET Q q 0 0 0 rg BT 484.89 143.70 Td (rading ) Tj ET Q q 0 0 0 rg BT 505.06 143.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 525.95 143.70 Td (in ) Tj ET Q q 0 0 0 rg BT 533.10 143.70 Td (the ) Tj ET Q q 0 0 0 rg BT 544.24 143.70 Td (balance ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 135.90 Td (sheets) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 345.40 135.90 Td ( ) Tj ET Q q 0 0 0 rg BT 347.21 135.90 Td (\(see ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 361.66 135.90 Td (Note ) Tj ET Q q 0 0 0 rg BT 377.20 135.90 Td (9) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 380.81 135.90 Td ( ) Tj ET Q q 0 0 0 rg BT 382.62 135.90 Td (to ) Tj ET Q q 0 0 0 rg BT 389.85 135.90 Td (the ) Tj ET Q q 0 0 0 rg BT 400.69 135.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 426.34 135.90 Td (statements\).) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 128.10 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 128.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 344.09 128.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 364.45 128.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 390.59 128.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 416.02 128.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 442.52 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.95 128.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 484.72 128.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 506.89 128.10 Td (premises, ) Tj ET Q q 0 0 0 rg BT 536.64 128.10 Td (equipment ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 120.30 Td (and ) Tj ET Q q 0 0 0 rg BT 339.77 120.30 Td (software, ) Tj ET Q q 0 0 0 rg BT 368.81 120.30 Td (ROU ) Tj ET Q q 0 0 0 rg BT 385.92 120.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 407.38 120.30 Td (related ) Tj ET Q q 0 0 0 rg BT 429.93 120.30 Td (to ) Tj ET Q q 0 0 0 rg BT 438.02 120.30 Td (leases, ) Tj ET Q q 0 0 0 rg BT 461.29 120.30 Td (other ) Tj ET Q q 0 0 0 rg BT 478.77 120.30 Td (investments, ) Tj ET Q q 0 0 0 rg BT 517.93 120.30 Td (and ) Tj ET Q q 0 0 0 rg BT 531.45 120.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 558.33 120.30 Td (tax ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 112.50 Td (assets.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 346.84 112.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 90.50 Td (A) Tj ET Q q 0 0 0 rg BT 323.92 90.50 Td ( ) Tj ET Q q 0 0 0 rg BT 325.50 90.50 Td (substantial ) Tj ET Q q 0 0 0 rg BT 369.86 90.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 400.33 90.50 Td (of ) Tj ET Q q 0 0 0 rg BT 410.24 90.50 Td (total ) Tj ET Q q 0 0 0 rg BT 429.59 90.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 454.51 90.50 Td (consists ) Tj ET Q q 0 0 0 rg BT 487.76 90.50 Td (of ) Tj ET Q q 0 0 0 rg BT 497.67 90.50 Td (liquid ) Tj ET Q q 0 0 0 rg BT 522.59 90.50 Td (marketable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 78.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 358.50 78.50 Td (and ) Tj ET Q q 0 0 0 rg BT 376.43 78.50 Td (short-term ) Tj ET Q q 0 0 0 rg BT 421.58 78.50 Td (receivables ) Tj ET Q q 0 0 0 rg BT 470.04 78.50 Td (arising ) Tj ET Q q 0 0 0 rg BT 500.75 78.50 Td (principally ) Tj ET Q q 0 0 0 rg BT 547.56 78.50 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 66.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 342.93 66.50 Td (and ) Tj ET Q q 0 0 0 rg BT 363.61 66.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 398.18 66.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 440.52 66.50 Td (in ) Tj ET Q q 0 0 0 rg BT 454.54 66.50 Td (the ) Tj ET Q q 0 0 0 rg BT 473.00 66.50 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 527.57 66.50 Td (Securities ) Tj ET Q endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.50 38.46 Td (17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 722.10 Td (business ) Tj ET Q q 0 0 0 rg BT 80.16 722.10 Td (segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.99 722.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.17 722.10 Td (T) Tj ET Q q 0 0 0 rg BT 122.58 722.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 138.84 722.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.44 722.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.20 722.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.47 722.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.52 722.10 Td ($948 ) Tj ET Q q 0 0 0 rg BT 232.79 722.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.90 722.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.17 722.10 Td (at ) Tj ET Q q 0 0 0 rg BT 268.66 722.10 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 710.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 60.00 710.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 710.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.50 710.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.44 710.10 Td ($895 ) Tj ET Q q 0 0 0 rg BT 126.94 710.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.05 710.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.55 710.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.27 710.10 Td (December 31, ) Tj ET Q q 0 0 0 rg BT 223.85 710.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.85 710.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 54.04 688.10 Td (ithin ) Tj ET Q q 0 0 0 rg BT 74.33 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.97 688.10 Td (ealth ) Tj ET Q q 0 0 0 rg BT 104.52 688.10 Td (Management, ) Tj ET Q q 0 0 0 rg BT 161.34 688.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 186.78 688.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 226.65 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.54 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.87 688.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 676.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 84.17 676.10 Td (comprising ) Tj ET Q q 0 0 0 rg BT 133.35 676.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 157.53 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.15 676.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.10 676.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 250.32 676.10 Td (Investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 664.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 85.24 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.16 664.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 144.07 664.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 187.08 664.10 Td (under ) Tj ET Q q 0 0 0 rg BT 212.33 664.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 260.34 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.60 664.10 Td (resell, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 55.89 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 62.90 652.10 Td (result ) Tj ET Q q 0 0 0 rg BT 87.68 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.57 652.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 151.12 652.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 179.23 652.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 214.58 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.92 652.10 Td (this ) Tj ET Q q 0 0 0 rg BT 241.93 652.10 Td (segment, ) Tj ET Q q 0 0 0 rg BT 280.32 652.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 640.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 68.61 640.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 110.54 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.82 640.10 Td (grow) Tj ET Q q 0 0 0 rg BT 140.72 640.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.22 640.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 618.10 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 99.44 618.10 Td (Securities’) Tj ET Q q 0 0 0 rg BT 141.46 618.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.58 618.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 177.02 618.10 Td (were ) Tj ET Q q 0 0 0 rg BT 202.56 618.10 Td (also ) Tj ET Q q 0 0 0 rg BT 224.78 618.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 256.44 618.10 Td (reflecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 606.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 85.13 606.10 Td (within ) Tj ET Q q 0 0 0 rg BT 114.17 606.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 137.65 606.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.58 606.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 176.83 606.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 228.35 606.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 269.05 606.10 Td (due ) Tj ET Q q 0 0 0 rg BT 286.97 606.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 594.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 72.70 594.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 98.18 594.10 Td (mar) Tj ET Q q 0 0 0 rg BT 113.55 594.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 128.48 594.10 Td (related ) Tj ET Q q 0 0 0 rg BT 157.84 594.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.77 594.10 Td (derivatives; ) Tj ET Q q 0 0 0 rg BT 216.57 594.10 Td (Customer ) Tj ET Q q 0 0 0 rg BT 257.61 594.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.20 594.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 582.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 99.80 582.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 142.13 582.10 Td (from ) Tj ET Q q 0 0 0 rg BT 168.89 582.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 201.77 582.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 242.99 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.65 582.10 Td (unsettled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 570.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 95.15 570.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.31 570.10 Td (line ) Tj ET Q q 0 0 0 rg BT 122.69 570.10 Td (with ) Tj ET Q q 0 0 0 rg BT 142.86 570.10 Td (market ) Tj ET Q q 0 0 0 rg BT 173.01 570.10 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 219.83 570.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.66 570.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 256.26 570.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 286.98 570.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 558.10 Td (March ) Tj ET Q q 0 0 0 rg BT 78.78 558.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.25 558.10 Td (support ) Tj ET Q q 0 0 0 rg BT 131.93 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.95 558.10 Td (client ) Tj ET Q q 0 0 0 rg BT 177.85 558.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 209.10 558.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 259.01 558.10 Td (, ) Tj ET Q q 0 0 0 rg BT 269.19 558.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 546.10 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 95.47 546.10 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 139.38 546.10 Td (T) Tj ET Q q 0 0 0 rg BT 145.14 546.10 Td (rading ) Tj ET Q q 0 0 0 rg BT 172.82 546.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 198.29 546.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.86 546.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 256.43 546.10 Td (borrowed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 534.10 Td (decreased, ) Tj ET Q q 0 0 0 rg BT 90.42 534.10 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 152.25 534.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 181.31 534.10 Td (by ) Tj ET Q q 0 0 0 rg BT 194.82 534.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 236.08 534.10 Td (equities ) Tj ET Q q 0 0 0 rg BT 270.70 534.10 Td (as ) Tj ET Q q 0 0 0 rg BT 282.54 534.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 522.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 80.68 522.10 Td (declined. ) Tj ET Q q 0 0 0 rg BT 120.78 522.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.35 522.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 178.78 522.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.29 522.10 Td (T) Tj ET Q q 0 0 0 rg BT 196.05 522.10 Td (rading ) Tj ET Q q 0 0 0 rg BT 225.62 522.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 252.97 522.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 290.31 522.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 510.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 73.64 510.10 Td (of) Tj ET Q q 0 0 0 rg BT 81.79 510.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 99.33 510.10 Td (related ) Tj ET Q q 0 0 0 rg BT 129.64 510.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.52 510.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 181.37 510.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 224.46 510.10 Td (exposures ) Tj ET Q q 0 0 0 rg BT 267.55 510.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 55.28 498.10 Td (market ) Tj ET Q q 0 0 0 rg BT 85.54 498.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 121.00 498.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 476.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 87.52 476.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 109.47 476.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 168.07 476.10 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 454.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.15 454.10 Td (core ) Tj ET Q q 0 0 0 rg BT 88.97 454.10 Td (components ) Tj ET Q q 0 0 0 rg BT 142.90 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.84 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 175.77 454.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 218.60 454.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 242.55 454.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 442.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 94.35 442.10 Td (are ) Tj ET Q q 0 0 0 rg BT 109.82 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.29 442.10 Td (Required ) Tj ET Q q 0 0 0 rg BT 165.20 442.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 205.68 442.10 Td (Framework, ) Tj ET Q q 0 0 0 rg BT 257.53 442.10 Td (Liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 430.10 Td (Stress ) Tj ET Q q 0 0 0 rg BT 71.21 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 76.62 430.10 Td (ests ) Tj ET Q q 0 0 0 rg BT 94.13 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.07 430.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 150.79 430.10 Td (Resources, ) Tj ET Q q 0 0 0 rg BT 196.89 430.10 Td (which ) Tj ET Q q 0 0 0 rg BT 223.83 430.10 Td (support ) Tj ET Q q 0 0 0 rg BT 256.34 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 272.17 430.10 Td (tar) Tj ET Q q 0 0 0 rg BT 282.53 430.10 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 418.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 83.76 418.10 Td (profile. ) Tj ET Q q 0 0 0 rg BT 117.78 418.10 Td (For ) Tj ET Q q 0 0 0 rg BT 136.54 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.85 418.10 Td (further ) Tj ET Q q 0 0 0 rg BT 177.92 418.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 224.46 418.10 Td (about ) Tj ET Q q 0 0 0 rg BT 251.55 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.63 418.10 Td (Firm’) Tj ET Q q 0 0 0 rg BT 290.86 418.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 406.10 Td (Required ) Tj ET Q q 0 0 0 rg BT 84.33 406.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 124.23 406.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 173.01 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.12 406.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 230.02 406.10 Td (Stress ) Tj ET Q q 0 0 0 rg BT 256.40 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 261.81 406.10 Td (ests, ) Tj ET Q q 0 0 0 rg BT 281.98 406.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 394.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.44 394.10 Td (Management’) Tj ET Q q 0 0 0 rg BT 104.42 394.10 Td (s ) Tj ET Q q 0 0 0 rg BT 109.62 394.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 154.82 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.28 394.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 206.59 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.23 394.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 254.75 394.10 Td (Condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 61.44 382.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 92.89 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.23 382.10 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 196.33 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.77 382.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 243.66 382.10 Td (Resources—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 370.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 84.28 370.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 104.68 370.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 158.94 370.10 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.03 370.10 Td (” ) Tj ET Q q 0 0 0 rg BT 211.53 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.36 370.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.64 370.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 257.70 370.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 281.42 370.10 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 358.10 Td (K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.22 358.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 336.10 Td (At ) Tj ET Q q 0 0 0 rg BT 59.00 336.10 Td (March ) Tj ET Q q 0 0 0 rg BT 89.11 336.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 105.61 336.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.61 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.62 336.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.06 336.10 Td (December 31, ) Tj ET Q q 0 0 0 rg BT 208.15 336.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.15 336.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.66 336.10 Td (we ) Tj ET Q q 0 0 0 rg BT 250.32 336.10 Td (maintained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 324.10 Td (suf) Tj ET Q q 0 0 0 rg BT 57.04 324.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 87.58 324.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 126.47 324.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.25 324.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 163.68 324.10 Td (current ) Tj ET Q q 0 0 0 rg BT 196.99 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.43 324.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 263.64 324.10 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 312.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 91.94 312.10 Td (as ) Tj ET Q q 0 0 0 rg BT 102.77 312.10 Td (modeled ) Tj ET Q q 0 0 0 rg BT 139.71 312.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.99 312.10 Td (our ) Tj ET Q q 0 0 0 rg BT 165.82 312.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 205.54 312.10 Td (Stress ) Tj ET Q q 0 0 0 rg BT 231.75 312.10 Td (T) Tj ET Q q 0 0 0 rg BT 237.16 312.10 Td (ests.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 290.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 84.72 290.10 Td (Resources) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 268.10 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 268.10 Td (e ) Tj ET Q q 0 0 0 rg BT 59.74 268.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 96.40 268.10 Td (suf) Tj ET Q q 0 0 0 rg BT 108.44 268.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 135.64 268.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 171.20 268.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 213.13 268.10 Td (which ) Tj ET Q q 0 0 0 rg BT 239.23 268.10 Td (are ) Tj ET Q q 0 0 0 rg BT 253.10 268.10 Td (comprised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 55.11 256.10 Td (HQLA) Tj ET Q q 0 0 0 rg BT 82.33 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.11 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.33 256.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.88 256.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 154.44 256.10 Td (with ) Tj ET Q q 0 0 0 rg BT 174.00 256.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 199.11 256.10 Td (\(“Liquidity ) Tj ET Q q 0 0 0 rg BT 245.89 256.10 Td (Resources”\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 56.83 244.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 83.09 244.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 107.14 244.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 142.30 244.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 169.12 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.62 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.45 244.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 222.93 244.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 260.86 244.10 Td (liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 232.10 Td (tar) Tj ET Q q 0 0 0 rg BT 55.37 232.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 78.06 232.10 Td (sized ) Tj ET Q q 0 0 0 rg BT 105.19 232.10 Td (by ) Tj ET Q q 0 0 0 rg BT 121.78 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.58 232.10 Td (Required ) Tj ET Q q 0 0 0 rg BT 183.82 232.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 227.63 232.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 280.31 232.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 220.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 84.23 220.10 Td (Stress ) Tj ET Q q 0 0 0 rg BT 109.98 220.10 Td (T) Tj ET Q q 0 0 0 rg BT 115.39 220.10 Td (ests. ) Tj ET Q q 0 0 0 rg BT 134.75 220.10 Td (The ) Tj ET Q q 0 0 0 rg BT 152.31 220.10 Td (total ) Tj ET Q q 0 0 0 rg BT 172.09 220.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 204.09 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.43 220.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 253.66 220.10 Td (Resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 208.10 Td (is ) Tj ET Q q 0 0 0 rg BT 60.05 208.10 Td (actively ) Tj ET Q q 0 0 0 rg BT 100.09 208.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 144.57 208.10 Td (by ) Tj ET Q q 0 0 0 rg BT 162.95 208.10 Td (us ) Tj ET Q q 0 0 0 rg BT 180.22 208.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 235.26 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.86 208.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 196.10 Td (components: ) Tj ET Q q 0 0 0 rg BT 97.67 196.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 139.77 196.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 158.55 196.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 194.00 196.10 Td (profile; ) Tj ET Q q 0 0 0 rg BT 225.00 196.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 257.09 196.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 279.21 196.10 Td (size ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 64.05 184.10 Td (composition; ) Tj ET Q q 0 0 0 rg BT 120.89 184.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 156.61 184.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 183.99 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.38 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.43 184.10 Td (stressed ) Tj ET Q q 0 0 0 rg BT 241.71 184.10 Td (environment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 172.10 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 83.14 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.51 172.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 137.76 172.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 157.56 172.10 Td (outflows; ) Tj ET Q q 0 0 0 rg BT 197.38 172.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 218.85 172.10 Td (entity) Tj ET Q q 0 0 0 rg BT 240.98 172.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.51 172.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 280.31 172.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 160.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 81.73 160.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 119.03 160.10 Td (requirements; ) Tj ET Q q 0 0 0 rg BT 177.42 160.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 221.92 160.10 Td (requirements; ) Tj ET Q q 0 0 0 rg BT 280.31 160.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 148.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 84.70 148.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 126.10 Td (The ) Tj ET Q q 0 0 0 rg BT 62.40 126.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 94.24 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.42 126.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 143.50 126.10 Td (Resources ) Tj ET Q q 0 0 0 rg BT 186.45 126.10 Td (we ) Tj ET Q q 0 0 0 rg BT 199.96 126.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 219.58 126.10 Td (is ) Tj ET Q q 0 0 0 rg BT 228.11 126.10 Td (based ) Tj ET Q q 0 0 0 rg BT 252.72 126.10 Td (on ) Tj ET Q q 0 0 0 rg BT 264.58 126.10 Td (our ) Tj ET Q q 0 0 0 rg BT 279.76 126.10 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 114.10 Td (tolerance ) Tj ET Q q 0 0 0 rg BT 85.39 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.57 114.10 Td (is ) Tj ET Q q 0 0 0 rg BT 113.99 114.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 146.06 114.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.59 114.10 Td (change ) Tj ET Q q 0 0 0 rg BT 189.65 114.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 235.06 114.10 Td (on ) Tj ET Q q 0 0 0 rg BT 248.80 114.10 Td (market ) Tj ET Q q 0 0 0 rg BT 280.31 114.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 102.10 Td (Firm-specific ) Tj ET Q q 0 0 0 rg BT 103.01 102.10 Td (events. ) Tj ET Q q 0 0 0 rg BT 134.90 102.10 Td (The ) Tj ET Q q 0 0 0 rg BT 154.59 102.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 195.95 102.10 Td (Resources ) Tj ET Q q 0 0 0 rg BT 241.19 102.10 Td (are ) Tj ET Q q 0 0 0 rg BT 257.54 102.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 90.10 Td (held ) Tj ET Q q 0 0 0 rg BT 67.89 90.10 Td (within ) Tj ET Q q 0 0 0 rg BT 99.11 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.00 90.10 Td (Parent ) Tj ET Q q 0 0 0 rg BT 148.21 90.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 192.77 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.88 90.10 Td (its ) Tj ET Q q 0 0 0 rg BT 227.99 90.10 Td (major ) Tj ET Q q 0 0 0 rg BT 256.99 90.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 78.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 96.84 78.10 Td (The ) Tj ET Q q 0 0 0 rg BT 114.52 78.10 Td (T) Tj ET Q q 0 0 0 rg BT 119.93 78.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 137.22 78.10 Td (HQLA) Tj ET Q q 0 0 0 rg BT 164.44 78.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.73 78.10 Td (values ) Tj ET Q q 0 0 0 rg BT 194.57 78.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.64 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.15 78.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 244.77 78.10 Td (immediately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 66.10 Td (following ) Tj ET Q q 0 0 0 rg BT 91.23 66.10 Td (are ) Tj ET Q q 0 0 0 rg BT 110.77 66.10 Td (dif) Tj ET Q q 0 0 0 rg BT 121.70 66.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 152.35 66.10 Td (from ) Tj ET Q q 0 0 0 rg BT 179.13 66.10 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 218.13 66.10 Td (HQLA) Tj ET Q q 0 0 0 rg BT 245.35 66.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.69 66.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 286.97 66.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 722.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 365.19 722.10 Td (with ) Tj ET Q q 0 0 0 rg BT 385.94 722.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.14 722.10 Td (LCR ) Tj ET Q q 0 0 0 rg BT 423.56 722.10 Td (rule, ) Tj ET Q q 0 0 0 rg BT 444.59 722.10 Td (also ) Tj ET Q q 0 0 0 rg BT 463.67 722.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 487.20 722.10 Td (into ) Tj ET Q q 0 0 0 rg BT 505.73 722.10 Td (account ) Tj ET Q q 0 0 0 rg BT 539.80 722.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 710.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 360.84 710.10 Td (weightings ) Tj ET Q q 0 0 0 rg BT 407.23 710.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.17 710.10 Td (other ) Tj ET Q q 0 0 0 rg BT 447.22 710.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 494.70 710.10 Td (considerations. ) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 689.90 Td (Liquidity Resources by T) Tj ET Q q 0 0 0 rg BT 417.70 689.90 Td (ype of Investment) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 489.97 693.95 Td (1) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 653.4 m 464.75 653.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.75 653.4 m 515.75 653.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.75 653.4 m 566.75 653.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 641.4 m 464.75 641.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.75 641.4 m 515.75 641.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.75 641.4 m 566.75 641.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 617.4 m 464.75 617.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.75 617.4 m 515.75 617.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.75 617.4 m 566.75 617.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 598.4 m 464.75 598.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 586.4 m 464.75 586.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.75 598.4 m 515.75 598.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.75 586.4 m 515.75 586.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.75 598.4 m 566.75 598.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.75 586.4 m 566.75 586.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 574.4 m 464.75 574.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.75 574.4 m 515.75 574.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.75 574.4 m 566.75 574.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 562.4 m 464.75 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.75 562.4 m 515.75 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.75 562.4 m 566.75 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 550.4 m 464.75 550.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.75 562.4 m 515.75 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.75 550.4 m 515.75 550.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.75 562.4 m 566.75 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 515.75 550.4 m 566.75 550.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 538.4 m 464.75 538.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 464.75 538.4 m 515.75 538.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 515.75 538.4 m 566.75 538.4 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 657.18 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 486.05 671.40 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 473.60 664.40 Td (March 31,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 481.95 657.40 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.40 671.40 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.75 664.40 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.95 657.40 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 645.40 Td (Cash deposits with central banks) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 467.25 645.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.45 645.40 Td (60,719) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.25 645.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 541.45 645.40 Td (35,025) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 633.80 Td (Unencumbered HQLA) Tj ET Q q 0 0 0 rg BT 388.73 633.80 Td ( Securities) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 421.41 637.14 Td (2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 423.94 633.80 Td (:) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 326.25 621.80 Td (U.S. government obligations) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.45 621.40 Td (95,619) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 541.45 621.40 Td (88,754) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 326.25 609.80 Td (U.S. agency and agency mortgage-backed) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 330.75 602.80 Td (securities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.45 602.40 Td (58,342) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 541.45 602.40 Td (50,732) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 326.25 590.40 Td (Non-U.S. sovereign obligations) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 422.75 593.74 Td (3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.45 590.40 Td (30,255) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 541.45 590.40 Td (29,909) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 326.25 578.80 Td (Other investment grade securities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 500.20 578.40 Td (700) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 545.35 578.40 Td (1,591) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 566.80 Td (T) Tj ET Q q 0 0 0 rg BT 323.75 566.80 Td (otal HQLA) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 356.04 570.14 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 467.25 566.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 486.55 566.40 Td (245,635) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.25 566.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.55 566.40 Td (206,01) Tj ET Q q 0 0 0 rg BT 558.96 566.40 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 554.80 Td (Cash deposits with banks \(non-HQLA\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.35 554.40 Td (9,499) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 545.35 554.40 Td (9,857) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 542.80 Td (T) Tj ET Q q 0 0 0 rg BT 324.01 542.80 Td (otal Liquidity Resources) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 467.25 542.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 486.55 542.40 Td (255,134) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.25 542.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.55 542.40 Td (215,868) Tj ET Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 525.10 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 525.10 Td (In ) Tj ET Q q 0 0 0 rg BT 334.18 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.73 525.10 Td (first ) Tj ET Q q 0 0 0 rg BT 358.71 525.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 381.81 525.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.75 525.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 408.52 525.10 Td (we ) Tj ET Q q 0 0 0 rg BT 419.34 525.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 446.79 525.10 Td (our ) Tj ET Q q 0 0 0 rg BT 458.70 525.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 482.53 525.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 510.33 525.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.26 525.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 542.45 525.10 Td (from ) Tj ET Q q 0 0 0 rg BT 557.96 525.10 Td (the ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 517.30 Td (Global ) Tj ET Q q 0 0 0 rg BT 347.15 517.30 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 373.12 517.30 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 399.44 517.30 Td (to ) Tj ET Q q 0 0 0 rg BT 406.97 517.30 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 432.93 517.30 Td (Resources, ) Tj ET Q q 0 0 0 rg BT 467.92 517.30 Td (which ) Tj ET Q q 0 0 0 rg BT 486.65 517.30 Td (is ) Tj ET Q q 0 0 0 rg BT 493.46 517.30 Td (more ) Tj ET Q q 0 0 0 rg BT 510.39 517.30 Td (closely ) Tj ET Q q 0 0 0 rg BT 532.37 517.30 Td (aligned ) Tj ET Q q 0 0 0 rg BT 555.45 517.30 Td (with ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 509.50 Td (the ) Tj ET Q q 0 0 0 rg BT 337.38 509.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 368.38 509.50 Td (definition ) Tj ET Q q 0 0 0 rg BT 396.49 509.50 Td (of ) Tj ET Q q 0 0 0 rg BT 404.00 509.50 Td (HQLA. ) Tj ET Q q 0 0 0 rg BT 425.60 509.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 441.42 509.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 464.83 509.50 Td (have ) Tj ET Q q 0 0 0 rg BT 481.02 509.50 Td (been ) Tj ET Q q 0 0 0 rg BT 497.57 509.50 Td (recast ) Tj ET Q q 0 0 0 rg BT 517.36 509.50 Td (to ) Tj ET Q q 0 0 0 rg BT 524.88 509.50 Td (conform ) Tj ET Q q 0 0 0 rg BT 550.45 509.50 Td (to ) Tj ET Q q 0 0 0 rg BT 557.96 509.50 Td (the ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 501.70 Td (current ) Tj ET Q q 0 0 0 rg BT 348.29 501.70 Td (presentation.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 493.90 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 493.90 Td (HQLA) Tj ET Q q 0 0 0 rg BT 343.59 493.90 Td ( ) Tj ET Q q 0 0 0 rg BT 346.97 493.90 Td (is ) Tj ET Q q 0 0 0 rg BT 355.05 493.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 387.34 493.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 403.72 493.90 Td (to ) Tj ET Q q 0 0 0 rg BT 412.52 493.90 Td (applying ) Tj ET Q q 0 0 0 rg BT 440.12 493.90 Td (weightings ) Tj ET Q q 0 0 0 rg BT 474.21 493.90 Td (and ) Tj ET Q q 0 0 0 rg BT 488.44 493.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 515.66 493.90 Td (all ) Tj ET Q q 0 0 0 rg BT 525.55 493.90 Td (HQLA) Tj ET Q q 0 0 0 rg BT 542.89 493.90 Td ( ) Tj ET Q q 0 0 0 rg BT 546.27 493.90 Td (held ) Tj ET Q q 0 0 0 rg BT 561.94 493.90 Td (in ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 486.10 Td (subsidiaries.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 478.30 Td (3. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 478.30 Td (Primarily ) Tj ET Q q 0 0 0 rg BT 356.01 478.30 Td (composed ) Tj ET Q q 0 0 0 rg BT 390.49 478.30 Td (of ) Tj ET Q q 0 0 0 rg BT 400.40 478.30 Td (unencumbered ) Tj ET Q q 0 0 0 rg BT 448.25 478.30 Td (U.K., ) Tj ET Q q 0 0 0 rg BT 467.18 478.30 Td (French, ) Tj ET Q q 0 0 0 rg BT 493.71 478.30 Td (Japanese, ) Tj ET Q q 0 0 0 rg BT 528.19 478.30 Td (and ) Tj ET Q q 0 0 0 rg BT 543.52 478.30 Td (German ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 470.50 Td (government ) Tj ET Q q 0 0 0 rg BT 362.38 470.50 Td (obligations.) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 317.25 469.30 Td ( ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 449.10 Td (Liquidity Resources by Bank and Non-Bank Legal Entities) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 551.53 453.15 Td (1) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 412.6 m 392.75 412.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 412.6 m 433.75 412.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.75 412.6 m 486.75 412.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.75 412.6 m 566.75 412.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 388.6 m 392.75 388.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 376.6 m 392.75 376.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 388.6 m 433.75 388.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 376.6 m 433.75 376.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.75 388.6 m 486.75 388.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.75 376.6 m 486.75 376.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.75 388.6 m 566.75 388.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.75 376.6 m 566.75 376.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 357.6 m 392.75 357.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 357.6 m 433.75 357.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.75 357.6 m 486.75 357.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.75 357.6 m 566.75 357.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 321.6 m 392.75 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 302.6 m 392.75 302.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 321.6 m 433.75 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 302.6 m 433.75 302.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.75 321.6 m 486.75 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.75 302.6 m 486.75 302.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.75 321.6 m 566.75 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.75 302.6 m 566.75 302.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 290.6 m 392.75 290.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 278.6 m 392.75 278.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 290.6 m 433.75 290.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 278.6 m 433.75 278.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.75 290.6 m 486.75 290.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.75 278.6 m 486.75 278.6 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.75 290.6 m 566.75 290.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.75 278.6 m 566.75 278.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 259.6 m 392.75 259.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 259.6 m 433.75 259.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.75 259.6 m 486.75 259.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.75 259.6 m 566.75 259.6 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 240.60000000000002 m 392.75 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 240.60000000000002 m 433.75 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 433.75 240.60000000000002 m 486.75 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 486.75 240.60000000000002 m 566.75 240.60000000000002 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 416.38 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 409.05 430.60 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 396.60 423.60 Td (March 31,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 404.95 416.60 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 456.40 430.60 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 437.75 423.60 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 451.95 416.60 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 490.90 430.60 Td (A) Tj ET Q q 0 0 0 rg BT 495.44 430.60 Td (verage Daily Balance) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 493.55 423.60 Td (Three Months Ended) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 501.30 416.60 Td (March 31, 2020) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 405.00 Td (Bank legal entities) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 393.00 Td (Domestic) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 395.25 392.60 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 405.55 392.60 Td (1) Tj ET Q q 0 0 0 rg BT 409.44 392.60 Td (12,126) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 436.25 392.60 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 462.45 392.60 Td (75,894) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 489.25 392.60 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 542.45 392.60 Td (83,1) Tj ET Q q 0 0 0 rg BT 556.07 392.60 Td (17) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 381.00 Td (Foreign) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 413.35 380.60 Td (5,265) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 466.35 380.60 Td (4,049) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 546.35 380.60 Td (4,419) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 369.00 Td (T) Tj ET Q q 0 0 0 rg BT 323.75 369.00 Td (otal Bank legal) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 362.00 Td (entities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 405.55 361.60 Td (1) Tj ET Q q 0 0 0 rg BT 409.44 361.60 Td (17,391) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 462.45 361.60 Td (79,943) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 542.45 361.60 Td (87,536) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 349.60 Td (Non-Bank legal entities) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 338.00 Td (Domestic:) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 329.25 326.00 Td (Parent Company) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 409.45 325.60 Td (53,548) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 462.45 325.60 Td (53,128) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 542.45 325.60 Td (49,284) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 329.25 313.60 Td (Non-Parent) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 333.75 306.60 Td (Company) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 409.45 306.60 Td (33,665) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 462.45 306.60 Td (28,905) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 542.45 306.60 Td (36,295) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 295.00 Td (T) Tj ET Q q 0 0 0 rg BT 324.14 295.00 Td (otal Domestic) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 409.45 294.60 Td (87,213) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 462.45 294.60 Td (82,033) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 542.45 294.60 Td (85,579) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 283.00 Td (Foreign) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 409.45 282.60 Td (50,530) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 462.45 282.60 Td (53,892) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 542.45 282.60 Td (54,333) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 270.60 Td (T) Tj ET Q q 0 0 0 rg BT 323.75 270.60 Td (otal Non-Bank legal) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 263.60 Td (entities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 405.55 263.60 Td (137,743) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 458.55 263.60 Td (135,925) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.55 263.60 Td (139,912) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 252.00 Td (T) Tj ET Q q 0 0 0 rg BT 324.01 252.00 Td (otal Liquidity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 245.00 Td (Resources) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 395.25 244.60 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 405.55 244.60 Td (255,134) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 436.25 244.60 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 458.55 244.60 Td (215,868) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 489.25 244.60 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.55 244.60 Td (227,448) Tj ET Q BT /F1 10.00 Tf ET BT /F1 1.00 Tf ET q 0 0 0 rg BT 317.25 239.90 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 226.10 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 226.10 Td (In ) Tj ET Q q 0 0 0 rg BT 334.18 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.73 226.10 Td (first ) Tj ET Q q 0 0 0 rg BT 358.71 226.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 381.81 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.75 226.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 408.52 226.10 Td (we ) Tj ET Q q 0 0 0 rg BT 419.34 226.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 446.79 226.10 Td (our ) Tj ET Q q 0 0 0 rg BT 458.70 226.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 482.53 226.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 510.33 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.26 226.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 542.45 226.10 Td (from ) Tj ET Q q 0 0 0 rg BT 557.96 226.10 Td (the ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 218.30 Td (Global ) Tj ET Q q 0 0 0 rg BT 347.15 218.30 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 373.12 218.30 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 399.44 218.30 Td (to ) Tj ET Q q 0 0 0 rg BT 406.97 218.30 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 432.93 218.30 Td (Resources, ) Tj ET Q q 0 0 0 rg BT 467.92 218.30 Td (which ) Tj ET Q q 0 0 0 rg BT 486.65 218.30 Td (is ) Tj ET Q q 0 0 0 rg BT 493.46 218.30 Td (more ) Tj ET Q q 0 0 0 rg BT 510.39 218.30 Td (closely ) Tj ET Q q 0 0 0 rg BT 532.37 218.30 Td (aligned ) Tj ET Q q 0 0 0 rg BT 555.45 218.30 Td (with ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 210.50 Td (the ) Tj ET Q q 0 0 0 rg BT 337.38 210.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 368.38 210.50 Td (definition ) Tj ET Q q 0 0 0 rg BT 396.49 210.50 Td (of ) Tj ET Q q 0 0 0 rg BT 404.00 210.50 Td (HQLA. ) Tj ET Q q 0 0 0 rg BT 425.60 210.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 441.42 210.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 464.83 210.50 Td (have ) Tj ET Q q 0 0 0 rg BT 481.02 210.50 Td (been ) Tj ET Q q 0 0 0 rg BT 497.57 210.50 Td (recast ) Tj ET Q q 0 0 0 rg BT 517.36 210.50 Td (to ) Tj ET Q q 0 0 0 rg BT 524.88 210.50 Td (conform ) Tj ET Q q 0 0 0 rg BT 550.45 210.50 Td (to ) Tj ET Q q 0 0 0 rg BT 557.96 210.50 Td (the ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 202.70 Td (current ) Tj ET Q q 0 0 0 rg BT 348.29 202.70 Td (presentation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 180.70 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 356.74 180.70 Td (Resources ) Tj ET Q q 0 0 0 rg BT 400.11 180.70 Td (may ) Tj ET Q q 0 0 0 rg BT 419.60 180.70 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 456.85 180.70 Td (from ) Tj ET Q q 0 0 0 rg BT 478.55 180.70 Td (period ) Tj ET Q q 0 0 0 rg BT 506.37 180.70 Td (to ) Tj ET Q q 0 0 0 rg BT 516.42 180.70 Td (period ) Tj ET Q q 0 0 0 rg BT 544.23 180.70 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 168.70 Td (on ) Tj ET Q q 0 0 0 rg BT 330.54 168.70 Td (the ) Tj ET Q q 0 0 0 rg BT 346.04 168.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 377.10 168.70 Td (size ) Tj ET Q q 0 0 0 rg BT 395.93 168.70 Td (and ) Tj ET Q q 0 0 0 rg BT 413.66 168.70 Td (composition ) Tj ET Q q 0 0 0 rg BT 466.39 168.70 Td (of ) Tj ET Q q 0 0 0 rg BT 478.01 168.70 Td (our ) Tj ET Q q 0 0 0 rg BT 494.63 168.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 528.45 168.70 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 554.78 168.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 156.70 Td (maturity ) Tj ET Q q 0 0 0 rg BT 353.21 156.70 Td (profile ) Tj ET Q q 0 0 0 rg BT 381.95 156.70 Td (of ) Tj ET Q q 0 0 0 rg BT 392.35 156.70 Td (our ) Tj ET Q q 0 0 0 rg BT 407.76 156.70 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 450.38 156.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 469.68 156.70 Td (and ) Tj ET Q q 0 0 0 rg BT 486.19 156.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 525.48 156.70 Td (of ) Tj ET Q q 0 0 0 rg BT 535.89 156.70 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 144.70 Td (needs ) Tj ET Q q 0 0 0 rg BT 343.05 144.70 Td (in ) Tj ET Q q 0 0 0 rg BT 353.86 144.70 Td (a ) Tj ET Q q 0 0 0 rg BT 361.34 144.70 Td (stressed ) Tj ET Q q 0 0 0 rg BT 396.03 144.70 Td (environment, ) Tj ET Q q 0 0 0 rg BT 452.11 144.70 Td (among ) Tj ET Q q 0 0 0 rg BT 482.36 144.70 Td (other ) Tj ET Q q 0 0 0 rg BT 505.94 144.70 Td (factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.64 144.70 Td ( ) Tj ET Q q 0 0 0 rg BT 538.68 144.70 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 132.70 Td (the ) Tj ET Q q 0 0 0 rg BT 330.73 132.70 Td (current ) Tj ET Q q 0 0 0 rg BT 360.31 132.70 Td (quarter) Tj ET Q q 0 0 0 rg BT 388.23 132.70 Td (, ) Tj ET Q q 0 0 0 rg BT 391.99 132.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 411.02 132.70 Td (deposits ) Tj ET Q q 0 0 0 rg BT 445.07 132.70 Td (at ) Tj ET Q q 0 0 0 rg BT 453.55 132.70 Td (central ) Tj ET Q q 0 0 0 rg BT 482.02 132.70 Td (banks ) Tj ET Q q 0 0 0 rg BT 506.61 132.70 Td (have ) Tj ET Q q 0 0 0 rg BT 526.75 132.70 Td (increased, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 120.70 Td (lar) Tj ET Q q 0 0 0 rg BT 327.62 120.70 Td (gely ) Tj ET Q q 0 0 0 rg BT 351.15 120.70 Td (driven ) Tj ET Q q 0 0 0 rg BT 383.02 120.70 Td (by ) Tj ET Q q 0 0 0 rg BT 399.34 120.70 Td (an ) Tj ET Q q 0 0 0 rg BT 415.10 120.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 454.18 120.70 Td (in ) Tj ET Q q 0 0 0 rg BT 468.28 120.70 Td (deposits ) Tj ET Q q 0 0 0 rg BT 507.38 120.70 Td (received ) Tj ET Q q 0 0 0 rg BT 547.56 120.70 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 108.70 Td (customers.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I39 Do Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (18) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 722.25 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 95.27 722.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 137.79 722.25 Td (Framework) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 700.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 84.72 700.25 Td (Coverage ) Tj ET Q q 0 0 0 rg BT 126.10 700.25 Td (Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 678.25 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 678.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.01 678.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.37 678.25 Td (our ) Tj ET Q q 0 0 0 rg BT 103.63 678.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 127.35 678.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 154.38 678.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 209.20 678.25 Td (are ) Tj ET Q q 0 0 0 rg BT 227.34 678.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 261.59 678.25 Td (to ) Tj ET Q q 0 0 0 rg BT 275.30 678.25 Td (LCR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 666.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 101.63 666.25 Td (including ) Tj ET Q q 0 0 0 rg BT 141.32 666.25 Td (a ) Tj ET Q q 0 0 0 rg BT 147.69 666.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 197.92 666.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.62 666.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 245.07 666.25 Td (each ) Tj ET Q q 0 0 0 rg BT 265.31 666.25 Td (entity’) Tj ET Q q 0 0 0 rg BT 290.86 666.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 654.25 Td (LCR ) Tj ET Q q 0 0 0 rg BT 67.64 654.25 Td (on ) Tj ET Q q 0 0 0 rg BT 80.84 654.25 Td (each ) Tj ET Q q 0 0 0 rg BT 102.35 654.25 Td (business ) Tj ET Q q 0 0 0 rg BT 139.44 654.25 Td (day) Tj ET Q q 0 0 0 rg BT 153.23 654.25 Td (. ) Tj ET Q q 0 0 0 rg BT 158.69 654.25 Td (The ) Tj ET Q q 0 0 0 rg BT 177.44 654.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 232.83 654.25 Td (are ) Tj ET Q q 0 0 0 rg BT 248.24 654.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 286.98 654.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 642.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 76.87 642.25 Td (that ) Tj ET Q q 0 0 0 rg BT 97.64 642.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 135.63 642.25 Td (or) Tj ET Q q 0 0 0 rg BT 143.77 642.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 195.09 642.25 Td (have ) Tj ET Q q 0 0 0 rg BT 219.74 642.25 Td (suf) Tj ET Q q 0 0 0 rg BT 231.78 642.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 263.09 642.25 Td (Eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 630.25 Td (HQLA) Tj ET Q q 0 0 0 rg BT 72.22 630.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.05 630.25 Td (to ) Tj ET Q q 0 0 0 rg BT 83.66 630.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 107.70 630.25 Td (net ) Tj ET Q q 0 0 0 rg BT 121.74 630.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 141.34 630.25 Td (outflows ) Tj ET Q q 0 0 0 rg BT 178.17 630.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 207.22 630.25 Td (from ) Tj ET Q q 0 0 0 rg BT 228.49 630.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 272.53 630.25 Td (stress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 618.25 Td (over ) Tj ET Q q 0 0 0 rg BT 64.87 618.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 76.96 618.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 112.92 618.25 Td (days, ) Tj ET Q q 0 0 0 rg BT 135.85 618.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 154.62 618.25 Td (promoting ) Tj ET Q q 0 0 0 rg BT 198.38 618.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.69 618.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 256.45 618.25 Td (resilience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 606.25 Td (of ) Tj ET Q q 0 0 0 rg BT 55.79 606.25 Td (the ) Tj ET Q q 0 0 0 rg BT 70.46 606.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 106.81 606.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 124.26 606.25 Td (profile ) Tj ET Q q 0 0 0 rg BT 153.37 606.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.16 606.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 198.83 606.25 Td (or) Tj ET Q q 0 0 0 rg BT 206.98 606.25 Td (ganizations. ) Tj ET Q q 0 0 0 rg BT 257.30 606.25 Td (The ) Tj ET Q q 0 0 0 rg BT 275.31 606.25 Td (LCR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 594.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 91.14 594.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 121.73 594.25 Td (weightings ) Tj ET Q q 0 0 0 rg BT 167.89 594.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 181.82 594.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 203.53 594.25 Td (haircuts\) ) Tj ET Q q 0 0 0 rg BT 240.78 594.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.83 594.25 Td (HQLA) Tj ET Q q 0 0 0 rg BT 278.05 594.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.32 594.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 582.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 82.49 582.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 112.19 582.25 Td (HQLA) Tj ET Q q 0 0 0 rg BT 139.41 582.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.91 582.25 Td (held ) Tj ET Q q 0 0 0 rg BT 161.63 582.25 Td (in ) Tj ET Q q 0 0 0 rg BT 171.90 582.25 Td (subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 560.25 Td (As ) Tj ET Q q 0 0 0 rg BT 58.82 560.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.86 560.25 Td (March ) Tj ET Q q 0 0 0 rg BT 98.67 560.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 113.88 560.25 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.88 560.25 Td (, ) Tj ET Q q 0 0 0 rg BT 139.09 560.25 Td (we ) Tj ET Q q 0 0 0 rg BT 153.46 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.60 560.25 Td (our ) Tj ET Q q 0 0 0 rg BT 186.64 560.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 207.13 560.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 230.95 560.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 282.55 560.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 548.25 Td (compliant ) Tj ET Q q 0 0 0 rg BT 86.42 548.25 Td (with ) Tj ET Q q 0 0 0 rg BT 105.63 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.27 548.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 159.59 548.25 Td (required ) Tj ET Q q 0 0 0 rg BT 194.33 548.25 Td (LCR ) Tj ET Q q 0 0 0 rg BT 215.21 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.97 548.25 Td (100%. ) Tj ET Q q 0 0 0 rg BT 252.23 548.25 Td (For ) Tj ET Q q 0 0 0 rg BT 267.55 548.25 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 536.25 Td (information ) Tj ET Q q 0 0 0 rg BT 93.93 536.25 Td (on ) Tj ET Q q 0 0 0 rg BT 105.65 536.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 148.47 536.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 205.73 536.25 Td (that ) Tj ET Q q 0 0 0 rg BT 222.45 536.25 Td (have ) Tj ET Q q 0 0 0 rg BT 243.05 536.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 281.42 536.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 524.25 Td (LCR, ) Tj ET Q q 0 0 0 rg BT 73.85 524.25 Td (see ) Tj ET Q q 0 0 0 rg BT 93.53 524.25 Td (“Liquidity ) Tj ET Q q 0 0 0 rg BT 142.09 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.43 524.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 199.22 524.25 Td (Resources—Regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 512.25 Td (Requirements—Regulatory ) Tj ET Q q 0 0 0 rg BT 157.48 512.25 Td (Developments” ) Tj ET Q q 0 0 0 rg BT 222.18 512.25 Td (herein.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 492.05 Td (Liquidity Coverage Ratio) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 462.55 m 236.5 462.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 462.55 m 293.5 462.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 443.55 m 178.5 443.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 462.55 m 236.5 462.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 443.55 m 236.5 443.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 462.55 m 293.5 462.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 443.55 m 293.5 443.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 419.55 m 178.5 419.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 407.55 m 178.5 407.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 419.55 m 236.5 419.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 407.55 m 236.5 407.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 419.55 m 293.5 419.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 407.55 m 293.5 407.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 395.55 m 178.5 395.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 407.55 m 236.5 407.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 395.55 m 236.5 395.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 395.55 m 293.5 395.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 383.55 m 178.5 383.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178.5 383.55 m 236.5 383.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 383.55 m 293.5 383.55 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 200.15 473.55 Td (A) Tj ET Q q 0 0 0 rg BT 204.76 473.55 Td (verage Daily Balance) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 202.80 466.55 Td (Three Months Ended) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 447.33 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 190.85 454.55 Td (March 31,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 199.20 447.55 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 242.50 454.55 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 256.70 447.55 Td (2019) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 435.95 Td (Eligible HQLA) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 94.67 439.29 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 423.95 Td (Cash deposits with central banks) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 181.00 423.55 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 208.30 423.55 Td (32,778) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 239.00 423.55 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.30 423.55 Td (29,597) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 411.55 Td (Securities) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 78.73 414.89 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 204.40 411.55 Td (140,336) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 261.40 411.55 Td (148,221) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 399.95 Td (T) Tj ET Q q 0 0 0 rg BT 51.76 399.95 Td (otal Eligible HQLA) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 112.81 403.29 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 181.00 399.55 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 204.40 399.55 Td (173,1) Tj ET Q q 0 0 0 rg BT 221.92 399.55 Td (14) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 239.00 399.55 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 261.40 399.55 Td (177,818) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 387.95 Td (LCR) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 218.05 387.55 Td (127) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 229.75 387.55 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 275.05 387.55 Td (134) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 286.75 387.55 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 370.25 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 370.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 72.71 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.75 370.25 Td (LCR ) Tj ET Q q 0 0 0 rg BT 96.75 370.25 Td (rule, ) Tj ET Q q 0 0 0 rg BT 110.40 370.25 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 132.36 370.25 Td (HQLA) Tj ET Q q 0 0 0 rg BT 149.70 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 150.70 370.25 Td (is ) Tj ET Q q 0 0 0 rg BT 156.40 370.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 186.67 370.25 Td (using ) Tj ET Q q 0 0 0 rg BT 203.21 370.25 Td (weightings ) Tj ET Q q 0 0 0 rg BT 234.93 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.78 370.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 275.25 370.25 Td (certain ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 362.45 Td (HQLA) Tj ET Q q 0 0 0 rg BT 71.34 362.45 Td ( ) Tj ET Q q 0 0 0 rg BT 73.15 362.45 Td (held ) Tj ET Q q 0 0 0 rg BT 87.25 362.45 Td (in ) Tj ET Q q 0 0 0 rg BT 94.11 362.45 Td (subsidiaries.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 354.65 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 354.65 Td (Primarily ) Tj ET Q q 0 0 0 rg BT 84.07 354.65 Td (includes ) Tj ET Q q 0 0 0 rg BT 112.72 354.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 129.84 354.65 Td (T) Tj ET Q q 0 0 0 rg BT 133.57 354.65 Td (reasuries, ) Tj ET Q q 0 0 0 rg BT 166.91 354.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 184.35 354.65 Td (agency ) Tj ET Q q 0 0 0 rg BT 210.10 354.65 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 265.49 354.65 Td (securities, ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 346.85 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 83.99 346.85 Td (bonds ) Tj ET Q q 0 0 0 rg BT 103.51 346.85 Td (and ) Tj ET Q q 0 0 0 rg BT 116.16 346.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 149.40 346.85 Td (grade ) Tj ET Q q 0 0 0 rg BT 167.83 346.85 Td (corporate ) Tj ET Q q 0 0 0 rg BT 197.10 346.85 Td (bonds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 324.85 Td (The ) Tj ET Q q 0 0 0 rg BT 62.59 324.85 Td (reduction ) Tj ET Q q 0 0 0 rg BT 102.39 324.85 Td (in ) Tj ET Q q 0 0 0 rg BT 112.20 324.85 Td (the ) Tj ET Q q 0 0 0 rg BT 126.46 324.85 Td (LCR ) Tj ET Q q 0 0 0 rg BT 147.95 324.85 Td (was ) Tj ET Q q 0 0 0 rg BT 165.54 324.85 Td (driven ) Tj ET Q q 0 0 0 rg BT 193.12 324.85 Td (by ) Tj ET Q q 0 0 0 rg BT 205.16 324.85 Td (lower ) Tj ET Q q 0 0 0 rg BT 229.97 324.85 Td (average ) Tj ET Q q 0 0 0 rg BT 263.09 324.85 Td (Eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 312.85 Td (HQLA) Tj ET Q q 0 0 0 rg BT 72.22 312.85 Td ( ) Tj ET Q q 0 0 0 rg BT 76.68 312.85 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 117.52 312.85 Td (which ) Tj ET Q q 0 0 0 rg BT 146.41 312.85 Td (included ) Tj ET Q q 0 0 0 rg BT 185.30 312.85 Td (the ) Tj ET Q q 0 0 0 rg BT 201.98 312.85 Td (removal ) Tj ET Q q 0 0 0 rg BT 239.19 312.85 Td (from ) Tj ET Q q 0 0 0 rg BT 263.09 312.85 Td (Eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 300.85 Td (HQLA) Tj ET Q q 0 0 0 rg BT 72.22 300.85 Td ( ) Tj ET Q q 0 0 0 rg BT 77.17 300.85 Td (of ) Tj ET Q q 0 0 0 rg BT 90.44 300.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 122.59 300.85 Td (securities ) Tj ET Q q 0 0 0 rg BT 165.30 300.85 Td (used ) Tj ET Q q 0 0 0 rg BT 188.57 300.85 Td (to ) Tj ET Q q 0 0 0 rg BT 201.29 300.85 Td (secure ) Tj ET Q q 0 0 0 rg BT 231.78 300.85 Td (intraday ) Tj ET Q q 0 0 0 rg BT 269.49 300.85 Td (credit, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 288.85 Td (following ) Tj ET Q q 0 0 0 rg BT 86.39 288.85 Td (a ) Tj ET Q q 0 0 0 rg BT 93.33 288.85 Td (recent ) Tj ET Q q 0 0 0 rg BT 120.25 288.85 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 163.84 288.85 Td (rule ) Tj ET Q q 0 0 0 rg BT 181.89 288.85 Td (clarification.) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 266.85 Td (Net ) Tj ET Q q 0 0 0 rg BT 61.94 266.85 Td (Stable ) Tj ET Q q 0 0 0 rg BT 90.00 266.85 Td (Funding ) Tj ET Q q 0 0 0 rg BT 128.63 266.85 Td (Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 244.85 Td (The ) Tj ET Q q 0 0 0 rg BT 68.60 244.85 Td (NSFR ) Tj ET Q q 0 0 0 rg BT 101.66 244.85 Td (requires ) Tj ET Q q 0 0 0 rg BT 141.92 244.85 Td (banking ) Tj ET Q q 0 0 0 rg BT 182.19 244.85 Td (or) Tj ET Q q 0 0 0 rg BT 190.34 244.85 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 243.93 244.85 Td (to ) Tj ET Q q 0 0 0 rg BT 259.76 244.85 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 232.85 Td (suf) Tj ET Q q 0 0 0 rg BT 57.04 232.85 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 93.04 232.85 Td (stable ) Tj ET Q q 0 0 0 rg BT 119.04 232.85 Td (sources ) Tj ET Q q 0 0 0 rg BT 151.70 232.85 Td (of ) Tj ET Q q 0 0 0 rg BT 162.71 232.85 Td (funding ) Tj ET Q q 0 0 0 rg BT 196.49 232.85 Td (over ) Tj ET Q q 0 0 0 rg BT 216.94 232.85 Td (a ) Tj ET Q q 0 0 0 rg BT 224.05 232.85 Td (one-year ) Tj ET Q q 0 0 0 rg BT 261.70 232.85 Td (horizon. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 220.85 Td (In ) Tj ET Q q 0 0 0 rg BT 58.96 220.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 87.08 220.85 Td (the ) Tj ET Q q 0 0 0 rg BT 104.92 220.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 128.33 220.85 Td (banking ) Tj ET Q q 0 0 0 rg BT 166.17 220.85 Td (agencies ) Tj ET Q q 0 0 0 rg BT 206.22 220.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 236.85 220.85 Td (a ) Tj ET Q q 0 0 0 rg BT 246.91 220.85 Td (proposal ) Tj ET Q q 0 0 0 rg BT 286.97 220.85 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 208.85 Td (implement ) Tj ET Q q 0 0 0 rg BT 90.34 208.85 Td (the ) Tj ET Q q 0 0 0 rg BT 105.12 208.85 Td (NSFR ) Tj ET Q q 0 0 0 rg BT 132.71 208.85 Td (in ) Tj ET Q q 0 0 0 rg BT 143.05 208.85 Td (the ) Tj ET Q q 0 0 0 rg BT 157.84 208.85 Td (U.S.; ) Tj ET Q q 0 0 0 rg BT 180.97 208.85 Td (however) Tj ET Q q 0 0 0 rg BT 215.00 208.85 Td (, ) Tj ET Q q 0 0 0 rg BT 220.06 208.85 Td (a ) Tj ET Q q 0 0 0 rg BT 227.07 208.85 Td (final ) Tj ET Q q 0 0 0 rg BT 247.96 208.85 Td (rule ) Tj ET Q q 0 0 0 rg BT 266.08 208.85 Td (has ) Tj ET Q q 0 0 0 rg BT 281.98 208.85 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 196.85 Td (yet ) Tj ET Q q 0 0 0 rg BT 59.75 196.85 Td (been ) Tj ET Q q 0 0 0 rg BT 81.16 196.85 Td (issued.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.66 196.85 Td ( ) Tj ET Q q 0 0 0 rg BT 111.20 196.85 Td (For ) Tj ET Q q 0 0 0 rg BT 127.62 196.85 Td (an ) Tj ET Q q 0 0 0 rg BT 139.59 196.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 182.12 196.85 Td (discussion ) Tj ET Q q 0 0 0 rg BT 226.32 196.85 Td (of ) Tj ET Q q 0 0 0 rg BT 237.19 196.85 Td (the ) Tj ET Q q 0 0 0 rg BT 251.94 196.85 Td (NSFR, ) Tj ET Q q 0 0 0 rg BT 281.99 196.85 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 184.85 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.44 184.85 Td (Management’) Tj ET Q q 0 0 0 rg BT 104.42 184.85 Td (s ) Tj ET Q q 0 0 0 rg BT 109.62 184.85 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 154.82 184.85 Td (and ) Tj ET Q q 0 0 0 rg BT 170.28 184.85 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 206.59 184.85 Td (of ) Tj ET Q q 0 0 0 rg BT 216.23 184.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 254.75 184.85 Td (Condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 172.85 Td (and ) Tj ET Q q 0 0 0 rg BT 61.44 172.85 Td (Results ) Tj ET Q q 0 0 0 rg BT 92.89 172.85 Td (of ) Tj ET Q q 0 0 0 rg BT 103.23 172.85 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 196.33 172.85 Td (and ) Tj ET Q q 0 0 0 rg BT 212.77 172.85 Td (Capital ) Tj ET Q q 0 0 0 rg BT 243.66 172.85 Td (Resources—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 160.85 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 92.06 160.85 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 131.90 160.85 Td (Framework—Net ) Tj ET Q q 0 0 0 rg BT 205.07 160.85 Td (Stable ) Tj ET Q q 0 0 0 rg BT 232.69 160.85 Td (Funding ) Tj ET Q q 0 0 0 rg BT 268.65 160.85 Td (Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.31 160.85 Td (” ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 148.85 Td (in ) Tj ET Q q 0 0 0 rg BT 55.28 148.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 148.85 Td (2019 ) Tj ET Q q 0 0 0 rg BT 92.50 148.85 Td (Form ) Tj ET Q q 0 0 0 rg BT 116.67 148.85 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.22 148.85 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 126.85 Td (Funding Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 104.85 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 104.85 Td (e ) Tj ET Q q 0 0 0 rg BT 61.52 104.85 Td (manage ) Tj ET Q q 0 0 0 rg BT 96.05 104.85 Td (our ) Tj ET Q q 0 0 0 rg BT 112.83 104.85 Td (funding ) Tj ET Q q 0 0 0 rg BT 147.38 104.85 Td (in ) Tj ET Q q 0 0 0 rg BT 158.60 104.85 Td (a ) Tj ET Q q 0 0 0 rg BT 166.48 104.85 Td (manner ) Tj ET Q q 0 0 0 rg BT 199.91 104.85 Td (that ) Tj ET Q q 0 0 0 rg BT 218.34 104.85 Td (reduces ) Tj ET Q q 0 0 0 rg BT 252.32 104.85 Td (the ) Tj ET Q q 0 0 0 rg BT 267.98 104.85 Td (risk ) Tj ET Q q 0 0 0 rg BT 286.43 104.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 92.85 Td (disruption ) Tj ET Q q 0 0 0 rg BT 93.10 92.85 Td (to ) Tj ET Q q 0 0 0 rg BT 108.41 92.85 Td (our ) Tj ET Q q 0 0 0 rg BT 129.28 92.85 Td (operations. ) Tj ET Q q 0 0 0 rg BT 180.43 92.85 Td (W) Tj ET Q q 0 0 0 rg BT 189.07 92.85 Td (e ) Tj ET Q q 0 0 0 rg BT 201.05 92.85 Td (pursue ) Tj ET Q q 0 0 0 rg BT 235.25 92.85 Td (a ) Tj ET Q q 0 0 0 rg BT 247.22 92.85 Td (strategy ) Tj ET Q q 0 0 0 rg BT 286.42 92.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 80.85 Td (diversification ) Tj ET Q q 0 0 0 rg BT 106.15 80.85 Td (of ) Tj ET Q q 0 0 0 rg BT 117.87 80.85 Td (secured ) Tj ET Q q 0 0 0 rg BT 151.79 80.85 Td (and ) Tj ET Q q 0 0 0 rg BT 169.62 80.85 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 213.54 80.85 Td (funding ) Tj ET Q q 0 0 0 rg BT 248.04 80.85 Td (sources ) Tj ET Q q 0 0 0 rg BT 281.42 80.85 Td (\(by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 68.85 Td (product, ) Tj ET Q q 0 0 0 rg BT 79.56 68.85 Td (investor ) Tj ET Q q 0 0 0 rg BT 113.29 68.85 Td (and ) Tj ET Q q 0 0 0 rg BT 129.24 68.85 Td (region\) ) Tj ET Q q 0 0 0 rg BT 159.62 68.85 Td (and ) Tj ET Q q 0 0 0 rg BT 175.57 68.85 Td (attempt ) Tj ET Q q 0 0 0 rg BT 207.08 68.85 Td (to ) Tj ET Q q 0 0 0 rg BT 216.36 68.85 Td (ensure ) Tj ET Q q 0 0 0 rg BT 243.97 68.85 Td (that ) Tj ET Q q 0 0 0 rg BT 260.48 68.85 Td (the ) Tj ET Q q 0 0 0 rg BT 274.21 68.85 Td (tenor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 722.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.97 722.10 Td (our ) Tj ET Q q 0 0 0 rg BT 343.69 722.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 383.29 722.10 Td (equals ) Tj ET Q q 0 0 0 rg BT 411.23 722.10 Td (or ) Tj ET Q q 0 0 0 rg BT 421.95 722.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 455.98 722.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.59 722.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 508.51 722.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 541.46 722.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.08 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.80 710.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 368.63 710.10 Td (being ) Tj ET Q q 0 0 0 rg BT 393.34 710.10 Td (financed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.27 710.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 688.10 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 688.10 Td (e ) Tj ET Q q 0 0 0 rg BT 333.78 688.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 355.56 688.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.34 688.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 406.33 688.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 430.33 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 443.78 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 451.67 688.10 Td (global ) Tj ET Q q 0 0 0 rg BT 480.12 688.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 503.57 688.10 Td (through ) Tj ET Q q 0 0 0 rg BT 538.13 688.10 Td (diverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 676.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 352.21 676.10 Td (These ) Tj ET Q q 0 0 0 rg BT 378.75 676.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 411.40 676.10 Td (include ) Tj ET Q q 0 0 0 rg BT 443.49 676.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.48 676.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 487.14 676.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 518.95 676.10 Td (borrowings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 664.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 360.96 664.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 383.57 664.10 Td (under ) Tj ET Q q 0 0 0 rg BT 412.29 664.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 463.76 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.49 664.10 Td (repurchase, ) Tj ET Q q 0 0 0 rg BT 529.24 664.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 652.10 Td (lending, ) Tj ET Q q 0 0 0 rg BT 352.52 652.10 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 390.58 652.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 417.79 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.90 652.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 454.44 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.66 652.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 493.32 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.43 652.10 Td (credit. ) Tj ET Q q 0 0 0 rg BT 532.27 652.10 Td (W) Tj ET Q q 0 0 0 rg BT 540.91 652.10 Td (e ) Tj ET Q q 0 0 0 rg BT 548.13 652.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 640.10 Td (active ) Tj ET Q q 0 0 0 rg BT 345.78 640.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 388.20 640.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 430.63 640.10 Td (for ) Tj ET Q q 0 0 0 rg BT 446.95 640.10 Td (both ) Tj ET Q q 0 0 0 rg BT 469.38 640.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 507.92 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.02 640.10 Td (structured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 628.10 Td (products ) Tj ET Q q 0 0 0 rg BT 354.19 628.10 Td (tar) Tj ET Q q 0 0 0 rg BT 364.55 628.10 Td (geting ) Tj ET Q q 0 0 0 rg BT 392.05 628.10 Td (global ) Tj ET Q q 0 0 0 rg BT 419.54 628.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 458.15 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.09 628.10 Td (currencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.68 628.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 606.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 353.08 606.10 Td (Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 584.10 Td (For ) Tj ET Q q 0 0 0 rg BT 337.19 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 347.69 584.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 395.41 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.79 584.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.17 584.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 465.76 584.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 509.58 584.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 554.23 584.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 572.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.69 572.10 Td (Management’) Tj ET Q q 0 0 0 rg BT 376.67 572.10 Td (s ) Tj ET Q q 0 0 0 rg BT 381.87 572.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 427.07 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.53 572.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 478.84 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.48 572.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 527.00 572.10 Td (Condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.69 560.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 365.14 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.48 560.10 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 468.58 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.02 560.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 515.91 560.10 Td (Resources—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 548.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 353.24 548.10 Td (Management—Secured ) Tj ET Q q 0 0 0 rg BT 450.30 548.10 Td (Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.29 548.10 Td (” ) Tj ET Q q 0 0 0 rg BT 497.38 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.81 548.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.68 548.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 545.33 548.10 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 536.10 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.80 536.10 Td (. ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 515.90 Td (Collateralized Financing T) Tj ET Q q 0 0 0 rg BT 422.11 515.90 Td (ransactions) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 479.4 m 452.75 479.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.75 479.4 m 509.75 479.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 479.4 m 566.75 479.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 479.4 m 452.75 479.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 460.4 m 452.75 460.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 441.4 m 452.75 441.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.75 460.4 m 509.75 460.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.75 441.4 m 509.75 441.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 460.4 m 566.75 460.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 441.4 m 566.75 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 429.4 m 452.75 429.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 452.75 429.4 m 509.75 429.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 509.75 429.4 m 566.75 429.4 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 483.18 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 477.05 497.40 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.60 490.40 Td (March 31,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 472.95 483.40 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 534.40 497.40 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 515.75 490.40 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 529.95 483.40 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 471.80 Td (Securities purchased under agreements) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 464.80 Td (to resell and Securities borrowed) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 455.25 464.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 481.55 464.40 Td (177,100) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 512.25 464.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 538.55 464.40 Td (194,773) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 452.80 Td (Securities sold under agreements to) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 445.80 Td (repurchase and Securities loaned) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 455.25 445.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 485.45 445.40 Td (57,447) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 512.25 445.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.45 445.40 Td (62,706) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 433.40 Td (Securities received as collateral) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 418.68 436.74 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 455.25 433.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 489.35 433.40 Td (4,71) Tj ET Q q 0 0 0 rg BT 502.97 433.40 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 512.25 433.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.45 433.40 Td (13,022) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.75 400.4 m 510.75 400.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 400.4 m 567.75 400.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.75 381.4 m 510.75 381.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 381.4 m 567.75 381.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 381.4 m 453.75 381.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 362.4 m 453.75 362.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.75 362.4 m 510.75 362.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 362.4 m 567.75 362.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 343.4 m 453.75 343.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.75 343.4 m 510.75 343.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.75 343.4 m 567.75 343.4 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 404.40 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 474.90 411.40 Td (A) Tj ET Q q 0 0 0 rg BT 479.51 411.40 Td (verage Daily Balance) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 477.55 404.40 Td (Three Months Ended) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 385.18 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 465.60 392.40 Td (March 31,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 473.95 385.40 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 516.75 392.40 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 530.95 385.40 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 373.80 Td (Securities purchased under agreements) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 366.80 Td (to resell and Securities borrowed) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 456.25 366.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 482.55 366.40 Td (177,971) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 513.25 366.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 539.55 366.40 Td (210,257) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 354.80 Td (Securities sold under agreements to) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 347.80 Td (repurchase and Securities loaned) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 456.25 347.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 486.45 347.40 Td (61,143) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 513.25 347.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 543.45 347.40 Td (64,870) Tj ET Q BT /F6 6.50 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 330.10 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 330.10 Td (Included ) Tj ET Q q 0 0 0 rg BT 352.63 330.10 Td (within ) Tj ET Q q 0 0 0 rg BT 370.94 330.10 Td (T) Tj ET Q q 0 0 0 rg BT 374.67 330.10 Td (rading ) Tj ET Q q 0 0 0 rg BT 394.55 330.10 Td (assets—Corporate ) Tj ET Q q 0 0 0 rg BT 450.54 330.10 Td (equities ) Tj ET Q q 0 0 0 rg BT 474.76 330.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.62 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.47 330.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 517.04 330.10 Td (sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 308.10 Td (See ) Tj ET Q q 0 0 0 rg BT 333.52 308.10 Td (“T) Tj ET Q q 0 0 0 rg BT 343.37 308.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 359.79 308.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 387.73 308.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.56 308.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 436.95 308.10 Td (Segment” ) Tj ET Q q 0 0 0 rg BT 478.22 308.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 505.03 308.10 Td (for ) Tj ET Q q 0 0 0 rg BT 518.52 308.10 Td (more ) Tj ET Q q 0 0 0 rg BT 540.90 308.10 Td (details ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 296.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.11 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.19 296.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 368.38 296.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 396.35 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.99 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.06 296.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 456.36 296.10 Td (table, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 296.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 501.45 296.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.45 296.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.31 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.95 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.02 296.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 284.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 362.32 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.96 284.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.04 284.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 410.90 284.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 435.43 284.10 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.99 284.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.85 284.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 284.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 498.45 284.10 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.45 284.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.31 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.95 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.03 284.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 272.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 367.40 272.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.99 272.10 Td (more ) Tj ET Q q 0 0 0 rg BT 415.47 272.10 Td (details ) Tj ET Q q 0 0 0 rg BT 449.51 272.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.45 272.10 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 529.24 272.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 260.10 Td (transactions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 238.10 Td (In ) Tj ET Q q 0 0 0 rg BT 327.50 238.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 362.20 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.90 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.04 238.10 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 441.82 238.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 481.50 238.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 531.19 238.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 559.22 238.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.31 226.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 377.58 226.10 Td (table, ) Tj ET Q q 0 0 0 rg BT 406.36 226.10 Td (we ) Tj ET Q q 0 0 0 rg BT 424.86 226.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 460.01 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.63 226.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 519.24 226.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 214.10 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 379.61 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 398.12 214.10 Td (customer) Tj ET Q q 0 0 0 rg BT 434.58 214.10 Td (-owned ) Tj ET Q q 0 0 0 rg BT 473.07 214.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 521.85 214.10 Td (which ) Tj ET Q q 0 0 0 rg BT 554.79 214.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 202.10 Td (segregated ) Tj ET Q q 0 0 0 rg BT 368.14 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.06 202.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 437.15 202.10 Td (with ) Tj ET Q q 0 0 0 rg BT 463.07 202.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 512.30 202.10 Td (requirements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 190.10 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 372.14 190.10 Td (under ) Tj ET Q q 0 0 0 rg BT 401.48 190.10 Td (these ) Tj ET Q q 0 0 0 rg BT 428.61 190.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 472.95 190.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 529.79 190.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 178.10 Td (mar) Tj ET Q q 0 0 0 rg BT 332.62 178.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 348.49 178.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 375.19 178.10 Td (are ) Tj ET Q q 0 0 0 rg BT 390.49 178.10 Td (included ) Tj ET Q q 0 0 0 rg BT 428.01 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.88 178.10 Td (Customer ) Tj ET Q q 0 0 0 rg BT 480.86 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.39 178.10 Td (other ) Tj ET Q q 0 0 0 rg BT 522.03 178.10 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.25 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.69 166.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 383.45 166.10 Td (sheets, ) Tj ET Q q 0 0 0 rg BT 415.61 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.27 166.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 475.48 166.10 Td (under ) Tj ET Q q 0 0 0 rg BT 503.47 166.10 Td (these ) Tj ET Q q 0 0 0 rg BT 529.24 166.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 154.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 373.50 154.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 416.71 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.47 154.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 459.79 154.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 505.76 154.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 554.79 154.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 142.10 Td (included ) Tj ET Q q 0 0 0 rg BT 354.04 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.18 142.10 Td (Customer ) Tj ET Q q 0 0 0 rg BT 405.42 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.22 142.10 Td (other ) Tj ET Q q 0 0 0 rg BT 445.12 142.10 Td (payables ) Tj ET Q q 0 0 0 rg BT 482.46 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 492.60 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.17 142.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 540.06 142.10 Td (sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 130.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 334.26 130.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 350.72 130.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 388.28 130.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.75 130.10 Td (these ) Tj ET Q q 0 0 0 rg BT 421.75 130.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 470.98 130.10 Td (is ) Tj ET Q q 0 0 0 rg BT 479.11 130.10 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 518.34 130.10 Td (by ) Tj ET Q q 0 0 0 rg BT 529.80 130.10 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 118.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 370.28 118.10 Td (policies. ) Tj ET Q q 0 0 0 rg BT 406.20 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 414.84 118.10 Td (e ) Tj ET Q q 0 0 0 rg BT 421.78 118.10 Td (also ) Tj ET Q q 0 0 0 rg BT 440.38 118.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 460.66 118.10 Td (related ) Tj ET Q q 0 0 0 rg BT 490.37 118.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 526.76 118.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 118.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 96.10 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 364.19 96.10 Td (Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 72.10 Td (For ) Tj ET Q q 0 0 0 rg BT 335.94 72.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.19 72.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 391.66 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.79 72.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.92 72.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 468.26 72.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 510.83 72.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 554.23 72.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 60.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.69 60.10 Td (Management’) Tj ET Q q 0 0 0 rg BT 376.67 60.10 Td (s ) Tj ET Q q 0 0 0 rg BT 381.87 60.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 427.07 60.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.53 60.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 478.84 60.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.48 60.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 527.00 60.10 Td (Condition ) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I40 Do Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.50 38.46 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 722.10 Td (and ) Tj ET Q q 0 0 0 rg BT 61.44 722.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 92.89 722.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.23 722.10 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 196.33 722.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.77 722.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 243.66 722.10 Td (Resources—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 710.10 Td (Funding ) Tj ET Q q 0 0 0 rg BT 83.74 710.10 Td (Management—Unsecured ) Tj ET Q q 0 0 0 rg BT 194.11 710.10 Td (Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.10 710.10 Td (” ) Tj ET Q q 0 0 0 rg BT 243.95 710.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.13 710.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.75 710.10 Td (2019 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 698.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 69.17 698.10 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.72 698.10 Td (.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 677.90 Td (Deposits) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 641.4 m 184.5 641.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 641.4 m 239.5 641.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 641.4 m 294.5 641.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 617.4 m 184.5 617.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 617.4 m 239.5 617.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 617.4 m 294.5 617.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 605.4 m 184.5 605.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 605.4 m 239.5 605.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 605.4 m 294.5 605.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 593.4 m 184.5 593.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 593.4 m 239.5 593.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 593.4 m 294.5 593.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 581.4 m 184.5 581.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 581.4 m 239.5 581.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 581.4 m 294.5 581.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 569.4 m 184.5 569.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 184.5 569.4 m 239.5 569.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 569.4 m 294.5 569.4 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 645.18 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 207.80 659.40 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.35 652.40 Td (March 31,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 203.70 645.40 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 263.15 659.40 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 244.50 652.40 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 258.70 645.40 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 633.80 Td (Savings and demand deposits:) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 621.40 Td (Brokerage sweep deposits) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 139.49 624.74 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 187.00 621.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 211.30 621.40 Td (151,618) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 242.00 621.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 621.40 Td (121,077) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 609.80 Td (Savings and other) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.20 609.40 Td (36,886) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.20 609.40 Td (28,388) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 597.40 Td (T) Tj ET Q q 0 0 0 rg BT 51.50 597.40 Td (otal Savings and demand deposits) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 211.30 597.40 Td (188,504) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 597.40 Td (149,465) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 585.80 Td (T) Tj ET Q q 0 0 0 rg BT 52.02 585.80 Td (ime deposits) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.20 585.40 Td (46,735) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.20 585.40 Td (40,891) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 573.80 Td (T) Tj ET Q q 0 0 0 rg BT 51.76 573.80 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 187.00 573.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 211.30 573.40 Td (235,239) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 242.00 573.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 573.40 Td (190,356) Tj ET Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 556.10 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 556.10 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 81.46 556.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 110.73 556.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 138.55 556.10 Td (swept ) Tj ET Q q 0 0 0 rg BT 157.34 556.10 Td (from ) Tj ET Q q 0 0 0 rg BT 172.15 556.10 Td (client ) Tj ET Q q 0 0 0 rg BT 189.13 556.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 220.20 556.10 Td (accounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 532.10 Td (Deposits ) Tj ET Q q 0 0 0 rg BT 83.06 532.10 Td (are ) Tj ET Q q 0 0 0 rg BT 98.33 532.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 138.60 532.10 Td (sourced ) Tj ET Q q 0 0 0 rg BT 172.75 532.10 Td (from ) Tj ET Q q 0 0 0 rg BT 195.25 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.42 532.10 Td (W) Tj ET Q q 0 0 0 rg BT 220.06 532.10 Td (ealth ) Tj ET Q q 0 0 0 rg BT 242.55 532.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 520.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 75.56 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.46 520.10 Td (are ) Tj ET Q q 0 0 0 rg BT 111.12 520.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 158.89 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.13 520.10 Td (have ) Tj ET Q q 0 0 0 rg BT 194.46 520.10 Td (stable, ) Tj ET Q q 0 0 0 rg BT 224.75 520.10 Td (low-cost ) Tj ET Q q 0 0 0 rg BT 263.64 520.10 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 508.10 Td (characteristics.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.69 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.59 508.10 Td (T) Tj ET Q q 0 0 0 rg BT 113.00 508.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 131.13 508.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 167.05 508.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.40 508.10 Td (March 31, ) Tj ET Q q 0 0 0 rg BT 221.63 508.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.63 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.76 508.10 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 496.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.75 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 496.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 126.66 496.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.68 496.10 Td (December 31, ) Tj ET Q q 0 0 0 rg BT 205.01 496.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.01 496.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.75 496.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 269.21 496.10 Td (driven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 57.89 484.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 86.33 484.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 129.20 484.10 Td (sweep ) Tj ET Q q 0 0 0 rg BT 157.08 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.42 484.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 207.31 484.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 242.98 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.20 484.10 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 472.10 Td (sought ) Tj ET Q q 0 0 0 rg BT 74.15 472.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 106.61 472.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 132.97 472.10 Td (away ) Tj ET Q q 0 0 0 rg BT 156.55 472.10 Td (from ) Tj ET Q q 0 0 0 rg BT 178.47 472.10 Td (volatile ) Tj ET Q q 0 0 0 rg BT 210.95 472.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 245.08 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.34 472.10 Td (March. ) Tj ET Q q 0 0 0 rg BT 286.42 472.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 460.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 84.67 460.10 Td (total ) Tj ET Q q 0 0 0 rg BT 106.83 460.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 144.00 460.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 186.15 460.10 Td (as ) Tj ET Q q 0 0 0 rg BT 198.87 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.70 460.10 Td (result ) Tj ET Q q 0 0 0 rg BT 234.31 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.04 460.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 276.97 460.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 448.10 Td (deposits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.11 448.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.39 448.10 Td (Management’) Tj ET Q q 0 0 0 rg BT 163.37 448.10 Td (s ) Tj ET Q q 0 0 0 rg BT 174.09 448.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 224.82 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.59 448.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 286.42 448.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 436.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 87.50 436.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 132.80 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.53 436.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 187.27 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.89 436.10 Td (Operations—Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 424.10 Td (Summary—Coronavirus ) Tj ET Q q 0 0 0 rg BT 153.07 424.10 Td (Disease ) Tj ET Q q 0 0 0 rg BT 193.92 424.10 Td (\(COVID-19\) ) Tj ET Q q 0 0 0 rg BT 255.32 424.10 Td (Pandemic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.75 424.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 412.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 76.79 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 95.25 412.10 Td (further ) Tj ET Q q 0 0 0 rg BT 129.26 412.10 Td (information ) Tj ET Q q 0 0 0 rg BT 183.27 412.10 Td (on ) Tj ET Q q 0 0 0 rg BT 200.07 412.10 Td (market ) Tj ET Q q 0 0 0 rg BT 234.64 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.88 412.10 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 400.10 Td (conditions.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 377.90 Td (Borrowings by Remaining Maturity at ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 198.02 377.90 Td (March 31, 2020) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 258.51 381.95 Td (1) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 348.4 m 160.5 348.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 329.4 m 160.5 329.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 348.4 m 205.5 348.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 329.4 m 205.5 329.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 348.4 m 250.5 348.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 329.4 m 250.5 329.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 348.4 m 295.5 348.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 329.4 m 295.5 329.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 305.4 m 160.5 305.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 305.4 m 205.5 305.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 305.4 m 250.5 305.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 305.4 m 295.5 305.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 293.4 m 160.5 293.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 293.4 m 205.5 293.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 293.4 m 250.5 293.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 293.4 m 295.5 293.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 281.4 m 160.5 281.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 281.4 m 205.5 281.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 281.4 m 250.5 281.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 281.4 m 295.5 281.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 269.4 m 160.5 269.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 257.4 m 160.5 257.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 269.4 m 205.5 269.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 257.4 m 205.5 257.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 269.4 m 250.5 269.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 257.4 m 250.5 257.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 269.4 m 295.5 269.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 257.4 m 295.5 257.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 245.39999999999998 m 160.5 245.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 245.39999999999998 m 205.5 245.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 245.39999999999998 m 250.5 245.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 245.39999999999998 m 295.5 245.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 233.39999999999998 m 160.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 233.39999999999998 m 205.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 233.39999999999998 m 250.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 233.39999999999998 m 295.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 221.39999999999998 m 160.5 221.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 221.39999999999998 m 205.5 221.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 221.39999999999998 m 250.5 221.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 221.39999999999998 m 295.5 221.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 209.39999999999998 m 160.5 209.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 209.39999999999998 m 205.5 209.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 205.5 209.39999999999998 m 250.5 209.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 209.39999999999998 m 295.5 209.39999999999998 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 352.18 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 172.15 359.40 Td (Parent) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 167.50 352.40 Td (Company) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 208.40 352.40 Td (Subsidiaries) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.10 352.40 Td (T) Tj ET Q q 0 0 0 rg BT 268.60 352.40 Td (otal) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 340.80 Td (Original maturities of one year or) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 333.80 Td (less) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 163.00 333.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 198.75 333.40 Td (8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 208.00 333.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 230.10 333.40 Td (2,203) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 253.00 333.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 275.10 333.40 Td (2,21) Tj ET Q q 0 0 0 rg BT 288.72 333.40 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 321.80 Td (Original maturities greater than one year) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 309.80 Td (2020) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 163.00 309.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 185.10 309.40 Td (8,264) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 208.00 309.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 230.10 309.40 Td (2,692) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 253.00 309.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 271.20 309.40 Td (10,956) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 297.80 Td (2021) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 181.20 297.40 Td (19,575) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 230.10 297.40 Td (4,099) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 271.20 297.40 Td (23,674) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 285.80 Td (2022) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 181.20 285.40 Td (16,1) Tj ET Q q 0 0 0 rg BT 194.82 285.40 Td (16) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 230.10 285.40 Td (3,045) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 271.20 285.40 Td (19,161) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 273.80 Td (2023) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 181.20 273.40 Td (15,155) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 230.10 273.40 Td (2,938) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 271.20 273.40 Td (18,093) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 261.80 Td (2024) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 181.20 261.40 Td (15,678) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 230.10 261.40 Td (4,809) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 271.20 261.40 Td (20,487) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 249.80 Td (Thereafter) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 181.20 249.40 Td (79,688) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 226.20 249.40 Td (20,586) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 267.30 249.40 Td (100,274) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 237.80 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 237.80 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 163.00 237.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 177.30 237.40 Td (154,476) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 208.00 237.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 226.20 237.40 Td (38,169) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 253.00 237.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 267.30 237.40 Td (192,645) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 225.80 Td (T) Tj ET Q q 0 0 0 rg BT 51.50 225.80 Td (otal Borrowings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 163.00 225.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 177.30 225.40 Td (154,484) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 208.00 225.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 226.20 225.40 Td (40,372) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 253.00 225.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 267.30 225.40 Td (194,856) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 213.40 Td (Maturities over next 12 months) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 143.71 216.74 Td (2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 208.00 213.40 Td ( ) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 253.00 213.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 271.20 213.40 Td (17,153) Tj ET Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 196.10 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 196.10 Td (Original ) Tj ET Q q 0 0 0 rg BT 79.16 196.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 105.03 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.85 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.65 196.10 Td (table ) Tj ET Q q 0 0 0 rg BT 141.50 196.10 Td (is ) Tj ET Q q 0 0 0 rg BT 148.96 196.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 178.10 196.10 Td (based ) Tj ET Q q 0 0 0 rg BT 198.57 196.10 Td (on ) Tj ET Q q 0 0 0 rg BT 208.56 196.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 243.11 196.10 Td (final ) Tj ET Q q 0 0 0 rg BT 257.80 196.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 280.43 196.10 Td (. ) Tj ET Q q 0 0 0 rg BT 285.00 196.10 Td (For ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 188.30 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 87.60 188.30 Td (with ) Tj ET Q q 0 0 0 rg BT 100.97 188.30 Td (put ) Tj ET Q q 0 0 0 rg BT 111.81 188.30 Td (options, ) Tj ET Q q 0 0 0 rg BT 136.38 188.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 166.73 188.30 Td (maturity ) Tj ET Q q 0 0 0 rg BT 191.66 188.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 224.17 188.30 Td (the ) Tj ET Q q 0 0 0 rg BT 235.02 188.30 Td (earliest ) Tj ET Q q 0 0 0 rg BT 257.78 188.30 Td (put ) Tj ET Q q 0 0 0 rg BT 268.62 188.30 Td (date.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 180.50 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 180.50 Td (Includes ) Tj ET Q q 0 0 0 rg BT 80.02 180.50 Td (only ) Tj ET Q q 0 0 0 rg BT 93.75 180.50 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 127.35 180.50 Td (with ) Tj ET Q q 0 0 0 rg BT 140.71 180.50 Td (original ) Tj ET Q q 0 0 0 rg BT 163.48 180.50 Td (maturities ) Tj ET Q q 0 0 0 rg BT 193.46 180.50 Td (greater ) Tj ET Q q 0 0 0 rg BT 215.86 180.50 Td (than ) Tj ET Q q 0 0 0 rg BT 230.32 180.50 Td (one ) Tj ET Q q 0 0 0 rg BT 242.97 180.50 Td (year) Tj ET Q q 0 0 0 rg BT 255.26 180.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 158.50 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 93.68 158.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.47 158.50 Td ($195 ) Tj ET Q q 0 0 0 rg BT 124.93 158.50 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.04 158.50 Td ( ) Tj ET Q q 0 0 0 rg BT 152.50 158.50 Td (as ) Tj ET Q q 0 0 0 rg BT 162.29 158.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.08 158.50 Td (March 31, ) Tj ET Q q 0 0 0 rg BT 214.64 158.50 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.64 158.50 Td ( ) Tj ET Q q 0 0 0 rg BT 236.10 158.50 Td (were ) Tj ET Q q 0 0 0 rg BT 256.99 158.50 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 146.50 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 90.91 146.50 Td (when ) Tj ET Q q 0 0 0 rg BT 115.16 146.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 157.18 146.50 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.55 146.50 Td ($193 ) Tj ET Q q 0 0 0 rg BT 200.15 146.50 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.26 146.50 Td ( ) Tj ET Q q 0 0 0 rg BT 228.86 146.50 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.67 146.50 Td (December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 134.50 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 134.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 112.50 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 112.50 Td (e ) Tj ET Q q 0 0 0 rg BT 63.32 112.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 97.44 112.50 Td (that ) Tj ET Q q 0 0 0 rg BT 117.68 112.50 Td (accessing ) Tj ET Q q 0 0 0 rg BT 161.25 112.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 183.71 112.50 Td (investors ) Tj ET Q q 0 0 0 rg BT 225.06 112.50 Td (through ) Tj ET Q q 0 0 0 rg BT 261.42 112.50 Td (multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 100.50 Td (distribution ) Tj ET Q q 0 0 0 rg BT 95.61 100.50 Td (channels ) Tj ET Q q 0 0 0 rg BT 135.09 100.50 Td (helps ) Tj ET Q q 0 0 0 rg BT 160.69 100.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 195.74 100.50 Td (consistent ) Tj ET Q q 0 0 0 rg BT 240.23 100.50 Td (access ) Tj ET Q q 0 0 0 rg BT 270.26 100.50 Td (to ) Tj ET Q q 0 0 0 rg BT 282.53 100.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 88.50 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 87.25 88.50 Td (markets. ) Tj ET Q q 0 0 0 rg BT 123.12 88.50 Td (In ) Tj ET Q q 0 0 0 rg BT 133.16 88.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 170.15 88.50 Td (the ) Tj ET Q q 0 0 0 rg BT 184.08 88.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 219.67 88.50 Td (of ) Tj ET Q q 0 0 0 rg BT 229.71 88.50 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 276.97 88.50 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 76.50 Td (original ) Tj ET Q q 0 0 0 rg BT 79.73 76.50 Td (maturities ) Tj ET Q q 0 0 0 rg BT 123.34 76.50 Td (greater ) Tj ET Q q 0 0 0 rg BT 154.72 76.50 Td (than ) Tj ET Q q 0 0 0 rg BT 175.56 76.50 Td (one ) Tj ET Q q 0 0 0 rg BT 193.63 76.50 Td (year ) Tj ET Q q 0 0 0 rg BT 214.46 76.50 Td (allows ) Tj ET Q q 0 0 0 rg BT 244.19 76.50 Td (us ) Tj ET Q q 0 0 0 rg BT 256.71 76.50 Td (to ) Tj ET Q q 0 0 0 rg BT 268.11 76.50 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 64.50 Td (reliance ) Tj ET Q q 0 0 0 rg BT 78.69 64.50 Td (on ) Tj ET Q q 0 0 0 rg BT 90.75 64.50 Td (short-term ) Tj ET Q q 0 0 0 rg BT 134.45 64.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 159.27 64.50 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 196.32 64.50 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 247.53 64.50 Td (Borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 722.10 Td (with ) Tj ET Q q 0 0 0 rg BT 339.38 722.10 Td (original ) Tj ET Q q 0 0 0 rg BT 374.84 722.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 419.19 722.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 451.30 722.10 Td (than ) Tj ET Q q 0 0 0 rg BT 472.88 722.10 Td (one ) Tj ET Q q 0 0 0 rg BT 491.67 722.10 Td (year ) Tj ET Q q 0 0 0 rg BT 513.23 722.10 Td (are ) Tj ET Q q 0 0 0 rg BT 529.80 722.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 710.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 357.25 710.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.94 710.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 403.38 710.10 Td (staggered ) Tj ET Q q 0 0 0 rg BT 445.60 710.10 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 492.00 710.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 525.89 710.10 Td (mitigating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 698.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 368.63 698.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 391.98 698.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.27 698.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.90 698.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 471.18 698.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 509.24 698.10 Td (diversification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 686.10 Td (through ) Tj ET Q q 0 0 0 rg BT 352.43 686.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 375.94 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.79 686.10 Td (global ) Tj ET Q q 0 0 0 rg BT 416.86 686.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 468.71 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.22 686.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 511.83 686.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 542.01 686.10 Td (across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 674.10 Td (regions, ) Tj ET Q q 0 0 0 rg BT 351.69 674.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 395.27 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.21 674.10 Td (product ) Tj ET Q q 0 0 0 rg BT 445.26 674.10 Td (types.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 652.10 Td (The ) Tj ET Q q 0 0 0 rg BT 335.06 652.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 382.30 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.00 652.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 417.37 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.96 652.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 467.99 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.03 652.10 Td (us ) Tj ET Q q 0 0 0 rg BT 489.18 652.10 Td (can ) Tj ET Q q 0 0 0 rg BT 505.32 652.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 525.35 652.10 Td (depending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.18 640.10 Td (market ) Tj ET Q q 0 0 0 rg BT 358.86 640.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 404.95 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.10 640.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 451.02 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.27 640.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 490.40 640.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 520.65 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.01 640.10 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 628.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 357.50 628.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.48 628.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 396.89 628.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 425.76 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.84 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.71 628.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 485.12 628.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 531.76 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.74 628.10 Td (credit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 616.10 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 616.10 Td (e ) Tj ET Q q 0 0 0 rg BT 332.56 616.10 Td (also ) Tj ET Q q 0 0 0 rg BT 350.90 616.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 381.44 616.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 393.95 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.62 616.10 Td (may ) Tj ET Q q 0 0 0 rg BT 430.07 616.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 466.74 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.75 616.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 507.29 616.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 519.80 616.10 Td (repurchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.08 604.10 Td (our ) Tj ET Q q 0 0 0 rg BT 343.91 604.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 391.96 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.24 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.96 604.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 453.33 604.10 Td (course ) Tj ET Q q 0 0 0 rg BT 481.93 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.76 604.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 582.10 Td (For ) Tj ET Q q 0 0 0 rg BT 335.53 582.10 Td (further ) Tj ET Q q 0 0 0 rg BT 367.13 582.10 Td (information ) Tj ET Q q 0 0 0 rg BT 418.73 582.10 Td (on ) Tj ET Q q 0 0 0 rg BT 433.12 582.10 Td (Borrowings, ) Tj ET Q q 0 0 0 rg BT 487.24 582.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.39 582.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 528.22 582.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.22 582.10 Td ( ) Tj ET Q q 0 0 0 rg BT 542.61 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 554.78 582.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 570.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.73 570.10 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.25 548.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 328.73 548.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 347.34 548.10 Td (Ratings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 526.10 Td (e ) Tj ET Q q 0 0 0 rg BT 333.11 526.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 351.45 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 364.23 526.10 Td (external ) Tj ET Q q 0 0 0 rg BT 399.22 526.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 432.00 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.57 526.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 474.78 526.10 Td (a ) Tj ET Q q 0 0 0 rg BT 482.00 526.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 527.00 526.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 558.68 526.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 514.10 Td (our ) Tj ET Q q 0 0 0 rg BT 335.01 514.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 359.43 514.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 407.69 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 427.67 514.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 448.20 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.07 514.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 516.48 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.24 514.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 502.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 355.92 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 369.59 502.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 407.70 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 419.17 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.96 502.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 458.19 502.10 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 489.37 502.10 Td (among ) Tj ET Q q 0 0 0 rg BT 518.05 502.10 Td (other ) Tj ET Q q 0 0 0 rg BT 540.06 502.10 Td (things. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 490.10 Td (In ) Tj ET Q q 0 0 0 rg BT 329.20 490.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 368.10 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.05 490.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 411.44 490.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 442.28 490.10 Td (can ) Tj ET Q q 0 0 0 rg BT 459.78 490.10 Td (have ) Tj ET Q q 0 0 0 rg BT 482.28 490.10 Td (an ) Tj ET Q q 0 0 0 rg BT 495.34 490.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 526.18 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 539.80 490.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 478.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 347.45 478.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 387.35 478.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 435.31 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.96 478.10 Td (those ) Tj ET Q q 0 0 0 rg BT 467.94 478.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 512.03 478.10 Td (where ) Tj ET Q q 0 0 0 rg BT 538.33 478.10 Td (longer) Tj ET Q q 0 0 0 rg BT 563.68 478.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 466.10 Td (term ) Tj ET Q q 0 0 0 rg BT 338.30 466.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 391.56 466.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 444.80 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 454.20 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 461.36 466.10 Td (key ) Tj ET Q q 0 0 0 rg BT 478.52 466.10 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 537.62 466.10 Td (such ) Tj ET Q q 0 0 0 rg BT 558.68 466.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 454.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 347.38 454.10 Td (OTC ) Tj ET Q q 0 0 0 rg BT 370.30 454.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 413.21 454.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 466.19 454.10 Td (When ) Tj ET Q q 0 0 0 rg BT 492.99 454.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 544.24 454.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 442.10 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 351.15 442.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 378.66 442.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 417.27 442.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 455.33 442.10 Td (both ) Tj ET Q q 0 0 0 rg BT 477.30 442.10 Td (company-specific ) Tj ET Q q 0 0 0 rg BT 552.56 442.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 430.10 Td (industry-wide ) Tj ET Q q 0 0 0 rg BT 376.28 430.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 409.22 430.10 Td (These ) Tj ET Q q 0 0 0 rg BT 436.59 430.10 Td (include ) Tj ET Q q 0 0 0 rg BT 469.51 430.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 514.09 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.90 430.10 Td (legislative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 418.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 353.92 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.11 418.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 433.93 418.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 486.44 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.85 418.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 543.67 418.10 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.76 406.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 368.44 406.10 Td (among ) Tj ET Q q 0 0 0 rg BT 400.84 406.10 Td (other ) Tj ET Q q 0 0 0 rg BT 426.57 406.10 Td (things.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.51 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.70 406.10 Td (See ) Tj ET Q q 0 0 0 rg BT 478.31 406.10 Td (also ) Tj ET Q q 0 0 0 rg BT 499.60 406.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.04 406.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 527.56 406.10 Td (Factors— ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 394.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 356.97 394.10 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.31 394.10 Td (” ) Tj ET Q q 0 0 0 rg BT 382.25 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.53 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.25 394.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 429.75 394.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 453.92 394.10 Td (10-K.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 373.90 Td (Parent Company and U.S. Bank Subsidiaries' Issuer Ratings ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 363.70 Td (at ) Tj ET Q q 0 0 0 rg BT 326.85 363.70 Td (April 30, 2020) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 381.67 363.70 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 341.20000000000005 m 461.75 341.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 341.20000000000005 m 514.75 341.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 341.20000000000005 m 567.75 341.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 322.20000000000005 m 408.75 322.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 322.20000000000005 m 461.75 322.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 322.20000000000005 m 514.75 322.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 322.20000000000005 m 567.75 322.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 310.20000000000005 m 408.75 310.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 310.20000000000005 m 461.75 310.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 310.20000000000005 m 514.75 310.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 310.20000000000005 m 567.75 310.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 298.20000000000005 m 408.75 298.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 298.20000000000005 m 461.75 298.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 298.20000000000005 m 514.75 298.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 298.20000000000005 m 567.75 298.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 279.20000000000005 m 408.75 279.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 260.20000000000005 m 408.75 260.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 279.20000000000005 m 461.75 279.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 260.20000000000005 m 461.75 260.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 279.20000000000005 m 514.75 279.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 260.20000000000005 m 514.75 260.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 279.20000000000005 m 567.75 279.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 260.20000000000005 m 567.75 260.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 248.20000000000005 m 408.75 248.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 248.20000000000005 m 461.75 248.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 248.20000000000005 m 514.75 248.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 248.20000000000005 m 567.75 248.20000000000005 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 461.45 345.20 Td (Parent Company) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 417.40 333.20 Td (Short-T) Tj ET Q q 0 0 0 rg BT 440.35 333.20 Td (erm) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 427.35 326.20 Td (Debt) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 471.00 333.20 Td (Long-T) Tj ET Q q 0 0 0 rg BT 492.79 333.20 Td (erm) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 480.35 326.20 Td (Debt) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 530.60 333.20 Td (Rating) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 528.65 326.20 Td (Outlook) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 314.60 Td (DBRS, Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 414.50 314.20 Td (R-1 \(middle\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 474.65 314.20 Td (A) Tj ET Q q 0 0 0 rg BT 479.58 314.20 Td ( \(high\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 530.20 314.20 Td (Stable) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 302.60 Td (Fitch Ratings, Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 430.65 302.20 Td (F1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 485.35 302.20 Td (A) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 526.15 302.20 Td (Negative) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 290.60 Td (Moody’) Tj ET Q q 0 0 0 rg BT 342.75 290.60 Td (s Investors Service,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 283.60 Td (Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 429.30 283.20 Td (P-2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 483.25 283.20 Td (A3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 527.90 290.20 Td (Ratings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 517.60 283.20 Td (Under Review) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 271.60 Td (Rating and Investment) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 264.60 Td (Information, Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 429.65 264.20 Td (a-1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 485.35 264.20 Td (A) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 530.20 264.20 Td (Stable) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 252.60 Td (S&P) Tj ET Q q 0 0 0 rg BT 334.13 252.60 Td ( Global Ratings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 429.10 252.20 Td (A-2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 478.10 252.20 Td (BBB+) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 530.20 252.20 Td (Stable) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.75 226.20000000000005 m 460.75 226.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 226.20000000000005 m 513.75 226.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 226.20000000000005 m 566.75 226.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 207.20000000000005 m 407.75 207.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.75 207.20000000000005 m 460.75 207.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 207.20000000000005 m 513.75 207.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 207.20000000000005 m 566.75 207.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 195.20000000000005 m 407.75 195.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 176.20000000000005 m 407.75 176.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.75 195.20000000000005 m 460.75 195.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.75 176.20000000000005 m 460.75 176.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 195.20000000000005 m 513.75 195.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 176.20000000000005 m 513.75 176.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 195.20000000000005 m 566.75 195.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 176.20000000000005 m 566.75 176.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 164.20000000000005 m 407.75 164.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.75 164.20000000000005 m 460.75 164.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.75 164.20000000000005 m 513.75 164.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 513.75 164.20000000000005 m 566.75 164.20000000000005 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 474.45 230.20 Td (MSBNA) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 416.40 218.20 Td (Short-T) Tj ET Q q 0 0 0 rg BT 439.35 218.20 Td (erm) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 426.35 211.20 Td (Debt) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 470.00 218.20 Td (Long-T) Tj ET Q q 0 0 0 rg BT 491.79 218.20 Td (erm) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 479.35 211.20 Td (Debt) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 529.60 218.20 Td (Rating) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 527.65 211.20 Td (Outlook) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 199.60 Td (Fitch Ratings, Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 429.65 199.20 Td (F1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 482.15 199.20 Td (A+) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 525.15 199.20 Td (Negative) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 187.60 Td (Moody’) Tj ET Q q 0 0 0 rg BT 342.69 187.60 Td (s Investors Service,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 180.60 Td (Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 428.30 180.20 Td (P-1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 482.25 180.20 Td (A1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 526.90 187.20 Td (Ratings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 516.60 180.20 Td (Under Review) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 168.60 Td (S&P) Tj ET Q q 0 0 0 rg BT 334.13 168.60 Td ( Global Ratings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 428.10 168.20 Td (A-1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 482.15 168.20 Td (A+) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 529.20 168.20 Td (Stable) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 142.20000000000005 m 461.75 142.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 142.20000000000005 m 514.75 142.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 142.20000000000005 m 567.75 142.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 123.20000000000005 m 408.75 123.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 123.20000000000005 m 461.75 123.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 123.20000000000005 m 514.75 123.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 123.20000000000005 m 567.75 123.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 104.20000000000005 m 408.75 104.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 104.20000000000005 m 461.75 104.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 104.20000000000005 m 514.75 104.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 104.20000000000005 m 567.75 104.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 92.20000000000005 m 408.75 92.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.75 92.20000000000005 m 461.75 92.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.75 92.20000000000005 m 514.75 92.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.75 92.20000000000005 m 567.75 92.20000000000005 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 473.15 146.20 Td (MSPBNA) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 417.40 134.20 Td (Short-T) Tj ET Q q 0 0 0 rg BT 440.35 134.20 Td (erm) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 427.35 127.20 Td (Debt) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 471.00 134.20 Td (Long-T) Tj ET Q q 0 0 0 rg BT 492.79 134.20 Td (erm) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 480.35 127.20 Td (Debt) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 530.60 134.20 Td (Rating) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 528.65 127.20 Td (Outlook) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 115.60 Td (Moody’) Tj ET Q q 0 0 0 rg BT 342.69 115.60 Td (s Investors Service,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 108.60 Td (Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 429.30 108.20 Td (P-1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 483.25 108.20 Td (A1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 527.90 115.20 Td (Ratings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 517.60 108.20 Td (Under Review) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 96.60 Td (S&P) Tj ET Q q 0 0 0 rg BT 334.13 96.60 Td ( Global Ratings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 429.10 96.20 Td (A-1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 483.15 96.20 Td (A+) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 530.20 96.20 Td (Stable) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 70.70 Td (On ) Tj ET Q q 0 0 0 rg BT 332.02 70.70 Td (February ) Tj ET Q q 0 0 0 rg BT 370.66 70.70 Td (21, ) Tj ET Q q 0 0 0 rg BT 385.71 70.70 Td (2020, ) Tj ET Q q 0 0 0 rg BT 410.75 70.70 Td (Moody’) Tj ET Q q 0 0 0 rg BT 442.42 70.70 Td (s ) Tj ET Q q 0 0 0 rg BT 448.86 70.70 Td (Investors ) Tj ET Q q 0 0 0 rg BT 488.06 70.70 Td (Service, ) Tj ET Q q 0 0 0 rg BT 523.10 70.70 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 540.91 70.70 Td (placed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 58.70 Td (the ) Tj ET Q q 0 0 0 rg BT 331.91 58.70 Td (Parent ) Tj ET Q q 0 0 0 rg BT 359.91 58.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.24 58.70 Td (and ) Tj ET Q q 0 0 0 rg BT 418.12 58.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 438.35 58.70 Td (Bank ) Tj ET Q q 0 0 0 rg BT 461.91 58.70 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 513.24 58.70 Td (on ) Tj ET Q q 0 0 0 rg BT 525.69 58.70 Td (review ) Tj ET Q q 0 0 0 rg BT 555.34 58.70 Td (for ) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I41 Do Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (20) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 722.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 82.55 722.10 Td (upgrade, ) Tj ET Q q 0 0 0 rg BT 122.03 722.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 163.45 722.10 Td (their ) Tj ET Q q 0 0 0 rg BT 186.55 722.10 Td (outlooks ) Tj ET Q q 0 0 0 rg BT 225.77 722.10 Td (from ) Tj ET Q q 0 0 0 rg BT 249.98 722.10 Td (Positive ) Tj ET Q q 0 0 0 rg BT 286.97 722.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 710.10 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 78.06 710.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 105.55 710.10 Td (Review) Tj ET Q q 0 0 0 rg BT 135.44 710.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 688.10 Td (On ) Tj ET Q q 0 0 0 rg BT 61.54 688.10 Td (April ) Tj ET Q q 0 0 0 rg BT 88.20 688.10 Td (23, ) Tj ET Q q 0 0 0 rg BT 106.24 688.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 134.29 688.10 Td (Fitch ) Tj ET Q q 0 0 0 rg BT 160.39 688.10 Td (Ratings, ) Tj ET Q q 0 0 0 rg BT 198.99 688.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 219.80 688.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 251.44 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.20 688.10 Td (Parent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 676.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 86.67 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.90 676.10 Td (MSBNA) Tj ET Q q 0 0 0 rg BT 138.91 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.70 676.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 171.71 676.10 Td (on ) Tj ET Q q 0 0 0 rg BT 184.49 676.10 Td (Negative ) Tj ET Q q 0 0 0 rg BT 223.37 676.10 Td (outlook, ) Tj ET Q q 0 0 0 rg BT 259.22 676.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.44 676.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 664.10 Td (from ) Tj ET Q q 0 0 0 rg BT 66.33 664.10 Td (Stable, ) Tj ET Q q 0 0 0 rg BT 95.71 664.10 Td (related ) Tj ET Q q 0 0 0 rg BT 124.80 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.47 664.10 Td (their ) Tj ET Q q 0 0 0 rg BT 154.69 664.10 Td (expectation ) Tj ET Q q 0 0 0 rg BT 202.67 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.89 664.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 256.99 664.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 652.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 100.51 652.10 Td (headwinds ) Tj ET Q q 0 0 0 rg BT 148.25 652.10 Td (due ) Tj ET Q q 0 0 0 rg BT 167.66 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.41 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.60 652.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 243.13 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.88 652.10 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 640.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 77.49 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.43 640.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 131.91 640.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 166.06 640.10 Td (from ) Tj ET Q q 0 0 0 rg BT 188.00 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.72 640.10 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 250.21 640.10 Td (pandemic.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 45.00 618.10 Td (Incremental ) Tj ET Q q 0 0 0 rg BT 98.06 618.10 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 141.67 618.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.06 618.10 Td (T) Tj ET Q q 0 0 0 rg BT 158.25 618.10 Td (erminating ) Tj ET Q q 0 0 0 rg BT 206.32 618.10 Td (Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 596.10 Td (In ) Tj ET Q q 0 0 0 rg BT 56.64 596.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 103.83 596.10 Td (with ) Tj ET Q q 0 0 0 rg BT 124.92 596.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 155.44 596.10 Td (OTC ) Tj ET Q q 0 0 0 rg BT 178.75 596.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 225.94 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.69 596.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 274.21 596.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 584.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 96.62 584.10 Td (where ) Tj ET Q q 0 0 0 rg BT 127.14 584.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.90 584.10 Td (are ) Tj ET Q q 0 0 0 rg BT 163.20 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.73 584.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 213.71 584.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 253.68 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.55 584.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 572.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 86.16 572.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 122.32 572.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 166.81 572.10 Td (with ) Tj ET Q q 0 0 0 rg BT 187.98 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.59 572.10 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 255.32 572.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 560.10 Td (business ) Tj ET Q q 0 0 0 rg BT 82.65 560.10 Td (segment, ) Tj ET Q q 0 0 0 rg BT 122.24 560.10 Td (we ) Tj ET Q q 0 0 0 rg BT 137.66 560.10 Td (may ) Tj ET Q q 0 0 0 rg BT 158.64 560.10 Td (be ) Tj ET Q q 0 0 0 rg BT 171.84 560.10 Td (required ) Tj ET Q q 0 0 0 rg BT 208.91 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.45 560.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 254.76 560.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 548.10 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 86.75 548.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 138.79 548.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 161.95 548.10 Td (any ) Tj ET Q q 0 0 0 rg BT 178.44 548.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 227.16 548.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 260.33 548.10 Td (balances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 536.10 Td (with ) Tj ET Q q 0 0 0 rg BT 66.80 536.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 98.03 536.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 158.70 536.10 Td (or ) Tj ET Q q 0 0 0 rg BT 171.05 536.10 Td (pledge ) Tj ET Q q 0 0 0 rg BT 201.73 536.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 245.75 536.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 286.97 536.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 524.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 76.16 524.10 Td (clearing ) Tj ET Q q 0 0 0 rg BT 112.31 524.10 Td (or) Tj ET Q q 0 0 0 rg BT 120.46 524.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 169.96 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.69 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.87 524.10 Td (event ) Tj ET Q q 0 0 0 rg BT 223.48 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.76 524.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.16 524.10 Td (future ) Tj ET Q q 0 0 0 rg BT 271.99 524.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 512.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 71.03 512.10 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 118.17 512.10 Td (irrespective ) Tj ET Q q 0 0 0 rg BT 167.52 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.56 512.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 213.48 512.10 Td (we ) Tj ET Q q 0 0 0 rg BT 227.85 512.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.76 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.25 512.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.40 512.10 Td (net ) Tj ET Q q 0 0 0 rg BT 275.32 512.10 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 500.10 Td (or ) Tj ET Q q 0 0 0 rg BT 56.06 500.10 Td (net ) Tj ET Q q 0 0 0 rg BT 71.01 500.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 104.85 500.10 Td (position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.57 500.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.31 500.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.48 500.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 181.64 500.10 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.64 500.10 Td ( ) Tj ET Q q 0 0 0 rg BT 189.38 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.88 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.83 500.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 252.54 500.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 488.10 Td (for ) Tj ET Q q 0 0 0 rg BT 58.44 488.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 100.21 488.10 Td (information ) Tj ET Q q 0 0 0 rg BT 149.21 488.10 Td (on ) Tj ET Q q 0 0 0 rg BT 160.99 488.10 Td (OTC ) Tj ET Q q 0 0 0 rg BT 182.77 488.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 228.43 488.10 Td (that ) Tj ET Q q 0 0 0 rg BT 245.21 488.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 276.42 488.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 476.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 89.71 476.10 Td (features.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 454.10 Td (While ) Tj ET Q q 0 0 0 rg BT 76.15 454.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 110.07 454.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 145.67 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.72 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.87 454.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 201.35 454.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 231.40 454.10 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 282.54 454.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 442.10 Td (quantifiable ) Tj ET Q q 0 0 0 rg BT 96.50 442.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 134.68 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.20 442.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 194.37 442.10 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 242.28 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.24 442.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 289.19 442.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 430.10 Td (would ) Tj ET Q q 0 0 0 rg BT 72.65 430.10 Td (have ) Tj ET Q q 0 0 0 rg BT 94.17 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 106.82 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 122.79 430.10 Td (business ) Tj ET Q q 0 0 0 rg BT 159.33 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.42 430.10 Td (results ) Tj ET Q q 0 0 0 rg BT 205.17 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.15 430.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 260.45 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.87 430.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 418.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 76.95 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 86.13 418.10 Td (inherently ) Tj ET Q q 0 0 0 rg BT 129.18 418.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 168.90 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.85 418.10 Td (would ) Tj ET Q q 0 0 0 rg BT 213.36 418.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 244.75 418.10 Td (on ) Tj ET Q q 0 0 0 rg BT 257.26 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.21 418.10 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.90 406.10 Td (interrelated ) Tj ET Q q 0 0 0 rg BT 110.00 406.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 145.27 406.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 191.11 406.10 Td (among ) Tj ET Q q 0 0 0 rg BT 223.90 406.10 Td (other ) Tj ET Q q 0 0 0 rg BT 250.01 406.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 282.53 406.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 394.10 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 90.65 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.42 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.08 394.10 Td (downgrade, ) Tj ET Q q 0 0 0 rg BT 168.44 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.10 394.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 210.86 394.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 244.28 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.50 394.10 Td (peers, ) Tj ET Q q 0 0 0 rg BT 282.54 394.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 382.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 76.03 382.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 118.17 382.10 Td (by ) Tj ET Q q 0 0 0 rg BT 135.88 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.80 382.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 195.70 382.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 231.72 382.10 Td (pre-downgrade, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 370.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 90.21 370.10 Td (client ) Tj ET Q q 0 0 0 rg BT 117.08 370.10 Td (behavior ) Tj ET Q q 0 0 0 rg BT 156.72 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.81 370.10 Td (future ) Tj ET Q q 0 0 0 rg BT 204.34 370.10 Td (mitigating ) Tj ET Q q 0 0 0 rg BT 250.11 370.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 283.09 370.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 358.10 Td (might ) Tj ET Q q 0 0 0 rg BT 74.84 358.10 Td (take. ) Tj ET Q q 0 0 0 rg BT 100.04 358.10 Td (The ) Tj ET Q q 0 0 0 rg BT 122.09 358.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 162.49 358.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 196.21 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.05 358.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 257.55 358.10 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 346.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 99.70 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 108.87 346.10 Td (included ) Tj ET Q q 0 0 0 rg BT 145.81 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.08 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 171.91 346.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 211.64 346.10 Td (Stress ) Tj ET Q q 0 0 0 rg BT 237.85 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 243.26 346.10 Td (ests.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.76 346.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 324.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 79.17 324.10 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 302.10 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 302.10 Td (e ) Tj ET Q q 0 0 0 rg BT 59.86 302.10 Td (view ) Tj ET Q q 0 0 0 rg BT 81.09 302.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 109.53 302.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.64 302.10 Td (an ) Tj ET Q q 0 0 0 rg BT 130.87 302.10 Td (important ) Tj ET Q q 0 0 0 rg BT 171.54 302.10 Td (source ) Tj ET Q q 0 0 0 rg BT 199.42 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.54 302.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 246.31 302.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 280.31 302.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 290.10 Td (actively ) Tj ET Q q 0 0 0 rg BT 79.36 290.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 113.17 290.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.21 290.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 182.47 290.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 211.83 290.10 Td (position ) Tj ET Q q 0 0 0 rg BT 246.77 290.10 Td (based ) Tj ET Q q 0 0 0 rg BT 272.25 290.10 Td (upon, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 278.10 Td (among ) Tj ET Q q 0 0 0 rg BT 78.52 278.10 Td (other ) Tj ET Q q 0 0 0 rg BT 105.37 278.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 138.63 278.10 Td (business ) Tj ET Q q 0 0 0 rg BT 178.82 278.10 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 240.40 278.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 268.10 278.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 266.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 93.92 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.30 266.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 135.12 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.38 266.10 Td (return ) Tj ET Q q 0 0 0 rg BT 175.20 266.10 Td (together ) Tj ET Q q 0 0 0 rg BT 211.90 266.10 Td (with ) Tj ET Q q 0 0 0 rg BT 233.62 266.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 268.10 266.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 254.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 80.80 254.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 124.09 254.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 178.48 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.12 254.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 220.64 254.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 251.15 254.10 Td (guidelines. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 242.10 Td (In ) Tj ET Q q 0 0 0 rg BT 56.88 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.64 242.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 102.57 242.10 Td (we ) Tj ET Q q 0 0 0 rg BT 117.77 242.10 Td (may ) Tj ET Q q 0 0 0 rg BT 138.54 242.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 170.96 242.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.84 242.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 218.59 242.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.47 242.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 265.66 242.10 Td (base ) Tj ET Q q 0 0 0 rg BT 286.98 242.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 230.10 Td (address ) Tj ET Q q 0 0 0 rg BT 77.49 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.21 230.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 131.36 230.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 156.63 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.46 230.10 Td (our ) Tj ET Q q 0 0 0 rg BT 183.29 230.10 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 207.90 Td (Common Stock Repurchases) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 221.5 178.39999999999998 m 258.5 178.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 178.39999999999998 m 295.5 178.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 166.39999999999998 m 221.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 221.5 166.39999999999998 m 258.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 166.39999999999998 m 295.5 166.39999999999998 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 154.39999999999998 m 221.5 154.39999999999998 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 221.5 154.39999999999998 m 258.5 154.39999999999998 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 154.39999999999998 m 295.5 154.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 142.39999999999998 m 221.5 142.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 130.39999999999998 m 221.5 130.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 221.5 142.39999999999998 m 258.5 142.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 221.5 130.39999999999998 m 258.5 130.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 142.39999999999998 m 295.5 142.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 130.39999999999998 m 295.5 130.39999999999998 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 182.40 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 225.30 189.40 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 242.40 182.40 Td (March 31,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 170.18 Td (in millions, except for per share data) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 231.70 170.40 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 268.70 170.40 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 158.80 Td (Number of shares) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 247.85 158.40 Td (29) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 284.85 158.40 Td (28) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 146.80 Td (A) Tj ET Q q 0 0 0 rg BT 52.54 146.80 Td (verage price per share) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 224.00 146.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 238.10 146.40 Td (46.01) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 261.00 146.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 275.10 146.40 Td (42.19) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 134.80 Td (T) Tj ET Q q 0 0 0 rg BT 51.76 134.80 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 224.00 134.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 238.10 134.40 Td (1,347) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 261.00 134.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 275.10 134.40 Td (1,180) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 108.90 Td (On ) Tj ET Q q 0 0 0 rg BT 60.11 108.90 Td (March ) Tj ET Q q 0 0 0 rg BT 89.11 108.90 Td (15, ) Tj ET Q q 0 0 0 rg BT 104.50 108.90 Td (2020, ) Tj ET Q q 0 0 0 rg BT 129.89 108.90 Td (the ) Tj ET Q q 0 0 0 rg BT 145.00 108.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 185.11 108.90 Td (Services ) Tj ET Q q 0 0 0 rg BT 221.88 108.90 Td (Forum ) Tj ET Q q 0 0 0 rg BT 251.44 108.90 Td (announced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 96.90 Td (that ) Tj ET Q q 0 0 0 rg BT 62.19 96.90 Td (its ) Tj ET Q q 0 0 0 rg BT 73.84 96.90 Td (eight ) Tj ET Q q 0 0 0 rg BT 96.03 96.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 116.02 96.90 Td (Bank ) Tj ET Q q 0 0 0 rg BT 139.32 96.90 Td (members, ) Tj ET Q q 0 0 0 rg BT 180.68 96.90 Td (including ) Tj ET Q q 0 0 0 rg BT 220.65 96.90 Td (us, ) Tj ET Q q 0 0 0 rg BT 234.24 96.90 Td (had ) Tj ET Q q 0 0 0 rg BT 250.88 96.90 Td (voluntarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 84.90 Td (suspended ) Tj ET Q q 0 0 0 rg BT 91.03 84.90 Td (their ) Tj ET Q q 0 0 0 rg BT 113.73 84.90 Td (share ) Tj ET Q q 0 0 0 rg BT 139.20 84.90 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 186.88 84.90 Td (programs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.65 84.90 Td (. ) Tj ET Q q 0 0 0 rg BT 231.52 84.90 Td (See ) Tj ET Q q 0 0 0 rg BT 250.33 84.90 Td (“Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 72.90 Td (Summary—Coronavirus ) Tj ET Q q 0 0 0 rg BT 151.59 72.90 Td (Disease ) Tj ET Q q 0 0 0 rg BT 190.96 72.90 Td (\(COVID-19\) ) Tj ET Q q 0 0 0 rg BT 250.88 72.90 Td (Pandemic” ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 722.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 344.21 722.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.85 722.10 Td (information ) Tj ET Q q 0 0 0 rg BT 407.04 722.10 Td (on ) Tj ET Q q 0 0 0 rg BT 419.02 722.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.22 722.10 Td (current ) Tj ET Q q 0 0 0 rg BT 463.51 722.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.93 722.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 514.69 722.10 Td (future ) Tj ET Q q 0 0 0 rg BT 540.54 722.10 Td (ef) Tj ET Q q 0 0 0 rg BT 548.13 722.10 Td (fects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.08 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.80 710.10 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 390.29 710.10 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 431.66 710.10 Td (on ) Tj ET Q q 0 0 0 rg BT 444.16 710.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.99 710.10 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 688.10 Td (For ) Tj ET Q q 0 0 0 rg BT 333.58 688.10 Td (further ) Tj ET Q q 0 0 0 rg BT 363.23 688.10 Td (information ) Tj ET Q q 0 0 0 rg BT 412.89 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 425.33 688.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.10 688.10 Td (common ) Tj ET Q q 0 0 0 rg BT 478.54 688.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 502.09 688.10 Td (repurchases, ) Tj ET Q q 0 0 0 rg BT 554.23 688.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 676.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 339.19 676.10 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.19 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.69 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.97 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.68 676.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.16 676.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 654.10 Td (For ) Tj ET Q q 0 0 0 rg BT 333.26 654.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.82 654.10 Td (description ) Tj ET Q q 0 0 0 rg BT 386.38 654.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.83 654.10 Td (our ) Tj ET Q q 0 0 0 rg BT 412.28 654.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 441.05 654.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 462.89 654.10 Td (see ) Tj ET Q q 0 0 0 rg BT 477.78 654.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.22 654.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 521.56 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.12 654.10 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 642.10 Td (Resources—Regulatory ) Tj ET Q q 0 0 0 rg BT 420.68 642.10 Td (Requirements—Capital ) Tj ET Q q 0 0 0 rg BT 523.00 642.10 Td (Plans ) Tj ET Q q 0 0 0 rg BT 552.56 642.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 630.10 Td (Stress ) Tj ET Q q 0 0 0 rg BT 343.46 630.10 Td (T) Tj ET Q q 0 0 0 rg BT 348.87 630.10 Td (ests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.87 630.10 Td (.”) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 609.90 Td (Common Stock Dividend ) Tj ET Q q 0 0 0 rg BT 419.89 609.90 Td (Announcement) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 599.4 m 478.75 599.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.75 599.4 m 565.75 599.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 586.4 m 478.75 586.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.75 586.4 m 565.75 586.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 573.4 m 478.75 573.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 560.4 m 478.75 560.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.75 573.4 m 565.75 573.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.75 560.4 m 565.75 560.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 547.4 m 478.75 547.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.75 547.4 m 565.75 547.4 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 591.08 Td (Announcement date) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.85 590.63 Td (April 16, 2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 578.08 Td (Amount per share) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 542.50 577.68 Td ($0.35) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 565.08 Td (Date to be paid) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.75 564.63 Td (May 15, 2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 552.08 Td (Shareholders of record as of) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.85 551.63 Td (April 30, 2020) Tj ET Q BT /F1 10.00 Tf ET BT /F1 1.00 Tf ET q 0 0 0 rg BT 317.25 546.70 Td ( ) Tj ET Q q 0 0 0 rg BT 317.50 546.70 Td ( ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 526.50 Td (Preferred Stock Dividend ) Tj ET Q q 0 0 0 rg BT 420.86 526.50 Td (Announcement) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 516 m 478.75 516 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.75 516 m 565.75 516 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 503 m 478.75 503 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 490 m 478.75 490 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.75 503 m 565.75 503 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.75 490 m 565.75 490 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 477 m 478.75 477 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.75 477 m 565.75 477 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 507.68 Td (Announcement date) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 506.65 507.23 Td (March 16, 2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 494.68 Td (Date paid) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.85 494.23 Td (April 15, 2020) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 320.25 481.68 Td (Shareholders of record as of) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 506.65 481.23 Td (March 31, 2020) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 455.50 Td (For ) Tj ET Q q 0 0 0 rg BT 333.17 455.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 375.18 455.50 Td (information ) Tj ET Q q 0 0 0 rg BT 424.42 455.50 Td (on ) Tj ET Q q 0 0 0 rg BT 436.45 455.50 Td (common ) Tj ET Q q 0 0 0 rg BT 473.47 455.50 Td (and ) Tj ET Q q 0 0 0 rg BT 489.94 455.50 Td (preferred ) Tj ET Q q 0 0 0 rg BT 528.60 455.50 Td (stock, ) Tj ET Q q 0 0 0 rg BT 554.23 455.50 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 443.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 339.19 443.50 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.19 443.50 Td ( ) Tj ET Q q 0 0 0 rg BT 351.69 443.50 Td (to ) Tj ET Q q 0 0 0 rg BT 361.97 443.50 Td (the ) Tj ET Q q 0 0 0 rg BT 376.68 443.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.16 443.50 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.25 421.50 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 396.68 421.50 Td (Arrangements and Contractual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.25 409.50 Td (Obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 387.50 Td (Of) Tj ET Q q 0 0 0 rg BT 327.62 387.50 Td (f-Balance ) Tj ET Q q 0 0 0 rg BT 370.67 387.50 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 395.58 387.50 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 365.50 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 365.50 Td (e ) Tj ET Q q 0 0 0 rg BT 331.99 365.50 Td (enter ) Tj ET Q q 0 0 0 rg BT 353.65 365.50 Td (into ) Tj ET Q q 0 0 0 rg BT 370.87 365.50 Td (various ) Tj ET Q q 0 0 0 rg BT 401.98 365.50 Td (of) Tj ET Q q 0 0 0 rg BT 410.13 365.50 Td (f-balance ) Tj ET Q q 0 0 0 rg BT 448.99 365.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 471.20 365.50 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 529.23 365.50 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 353.50 Td (through ) Tj ET Q q 0 0 0 rg BT 353.76 353.50 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 419.71 353.50 Td (SPEs ) Tj ET Q q 0 0 0 rg BT 446.24 353.50 Td (and ) Tj ET Q q 0 0 0 rg BT 466.09 353.50 Td (lending-related ) Tj ET Q q 0 0 0 rg BT 532.02 353.50 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 341.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 367.31 341.50 Td (\() Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 370.64 341.50 Td (e.g.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.08 341.50 Td (, ) Tj ET Q q 0 0 0 rg BT 390.97 341.50 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 437.12 341.50 Td (and ) Tj ET Q q 0 0 0 rg BT 454.96 341.50 Td (commitments\), ) Tj ET Q q 0 0 0 rg BT 518.62 341.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 559.23 341.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 329.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 366.00 329.50 Td (with ) Tj ET Q q 0 0 0 rg BT 388.65 329.50 Td (the ) Tj ET Q q 0 0 0 rg BT 405.74 329.50 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 458.95 329.50 Td (Securities ) Tj ET Q q 0 0 0 rg BT 503.25 329.50 Td (and ) Tj ET Q q 0 0 0 rg BT 522.57 329.50 Td (Investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 317.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 371.95 317.50 Td (business ) Tj ET Q q 0 0 0 rg BT 408.34 317.50 Td (segments.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 295.50 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 295.50 Td (e ) Tj ET Q q 0 0 0 rg BT 334.62 295.50 Td (utilize ) Tj ET Q q 0 0 0 rg BT 363.90 295.50 Td (SPEs ) Tj ET Q q 0 0 0 rg BT 389.32 295.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 430.83 295.50 Td (in ) Tj ET Q q 0 0 0 rg BT 442.90 295.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 491.06 295.50 Td (with ) Tj ET Q q 0 0 0 rg BT 513.13 295.50 Td (securitization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 283.50 Td (activities. ) Tj ET Q q 0 0 0 rg BT 358.92 283.50 Td (For ) Tj ET Q q 0 0 0 rg BT 375.88 283.50 Td (information ) Tj ET Q q 0 0 0 rg BT 426.16 283.50 Td (on ) Tj ET Q q 0 0 0 rg BT 439.23 283.50 Td (our ) Tj ET Q q 0 0 0 rg BT 455.63 283.50 Td (securitization ) Tj ET Q q 0 0 0 rg BT 512.56 283.50 Td (activities, ) Tj ET Q q 0 0 0 rg BT 554.23 283.50 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 271.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 339.19 271.50 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.19 271.50 Td ( ) Tj ET Q q 0 0 0 rg BT 351.69 271.50 Td (to ) Tj ET Q q 0 0 0 rg BT 361.97 271.50 Td (the ) Tj ET Q q 0 0 0 rg BT 376.68 271.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.16 271.50 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 249.50 Td (For ) Tj ET Q q 0 0 0 rg BT 333.14 249.50 Td (information ) Tj ET Q q 0 0 0 rg BT 382.34 249.50 Td (on ) Tj ET Q q 0 0 0 rg BT 394.34 249.50 Td (our ) Tj ET Q q 0 0 0 rg BT 409.66 249.50 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 468.60 249.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 515.03 249.50 Td (under ) Tj ET Q q 0 0 0 rg BT 539.80 249.50 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 237.50 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 360.02 237.50 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 417.78 237.50 Td (and ) Tj ET Q q 0 0 0 rg BT 436.12 237.50 Td (indemnities, ) Tj ET Q q 0 0 0 rg BT 489.19 237.50 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.86 237.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 529.20 237.50 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.20 237.50 Td ( ) Tj ET Q q 0 0 0 rg BT 543.10 237.50 Td (to ) Tj ET Q q 0 0 0 rg BT 554.79 237.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 225.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 356.13 225.50 Td (statements. ) Tj ET Q q 0 0 0 rg BT 404.74 225.50 Td (For ) Tj ET Q q 0 0 0 rg BT 422.53 225.50 Td (a ) Tj ET Q q 0 0 0 rg BT 430.87 225.50 Td (further ) Tj ET Q q 0 0 0 rg BT 461.98 225.50 Td (discussion ) Tj ET Q q 0 0 0 rg BT 507.55 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 519.78 225.50 Td (our ) Tj ET Q q 0 0 0 rg BT 537.00 225.50 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 213.50 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 378.32 213.50 Td (see ) Tj ET Q q 0 0 0 rg BT 395.22 213.50 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.66 213.50 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 453.21 213.50 Td (and ) Tj ET Q q 0 0 0 rg BT 471.78 213.50 Td (Qualitative ) Tj ET Q q 0 0 0 rg BT 520.34 213.50 Td (Disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 201.50 Td (about ) Tj ET Q q 0 0 0 rg BT 341.48 201.50 Td (Risk—Credit ) Tj ET Q q 0 0 0 rg BT 396.82 201.50 Td (Risk—Loans ) Tj ET Q q 0 0 0 rg BT 451.61 201.50 Td (and ) Tj ET Q q 0 0 0 rg BT 468.06 201.50 Td (Lending ) Tj ET Q q 0 0 0 rg BT 503.39 201.50 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.06 201.50 Td (.”) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.25 179.50 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 157.50 Td (For ) Tj ET Q q 0 0 0 rg BT 338.29 157.50 Td (a ) Tj ET Q q 0 0 0 rg BT 349.89 157.50 Td (discussion ) Tj ET Q q 0 0 0 rg BT 398.71 157.50 Td (about ) Tj ET Q q 0 0 0 rg BT 428.08 157.50 Td (our ) Tj ET Q q 0 0 0 rg BT 448.56 157.50 Td (contractual ) Tj ET Q q 0 0 0 rg BT 500.14 157.50 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 554.23 157.50 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 145.50 Td (“Management’) Tj ET Q q 0 0 0 rg BT 376.67 145.50 Td (s ) Tj ET Q q 0 0 0 rg BT 381.87 145.50 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 427.07 145.50 Td (and ) Tj ET Q q 0 0 0 rg BT 442.53 145.50 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 478.84 145.50 Td (of ) Tj ET Q q 0 0 0 rg BT 488.48 145.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 527.00 145.50 Td (Condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 133.50 Td (and ) Tj ET Q q 0 0 0 rg BT 333.69 133.50 Td (Results ) Tj ET Q q 0 0 0 rg BT 365.14 133.50 Td (of ) Tj ET Q q 0 0 0 rg BT 375.48 133.50 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 468.58 133.50 Td (and ) Tj ET Q q 0 0 0 rg BT 485.02 133.50 Td (Capital ) Tj ET Q q 0 0 0 rg BT 515.91 133.50 Td (Resources—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 121.50 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 366.40 121.50 Td (Obligations” ) Tj ET Q q 0 0 0 rg BT 420.00 121.50 Td (in ) Tj ET Q q 0 0 0 rg BT 430.28 121.50 Td (the ) Tj ET Q q 0 0 0 rg BT 445.00 121.50 Td (2019 ) Tj ET Q q 0 0 0 rg BT 467.50 121.50 Td (Form ) Tj ET Q q 0 0 0 rg BT 491.67 121.50 Td (10-K.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I42 Do Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.50 38.46 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 45.00 720.90 Td (Regulatory Requir) Tj ET Q q 0 0 0 rg BT 141.11 720.90 Td (ements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 698.90 Td (Regulatory Capital Framework) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 179.98 698.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 676.90 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 676.90 Td (e ) Tj ET Q q 0 0 0 rg BT 60.17 676.90 Td (are ) Tj ET Q q 0 0 0 rg BT 74.47 676.90 Td (an ) Tj ET Q q 0 0 0 rg BT 86.00 676.90 Td (FHC ) Tj ET Q q 0 0 0 rg BT 107.54 676.90 Td (under ) Tj ET Q q 0 0 0 rg BT 132.40 676.90 Td (the ) Tj ET Q q 0 0 0 rg BT 146.71 676.90 Td (Bank ) Tj ET Q q 0 0 0 rg BT 169.91 676.90 Td (Holding ) Tj ET Q q 0 0 0 rg BT 204.79 676.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 245.30 676.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 261.83 676.90 Td (of ) Tj ET Q q 0 0 0 rg BT 272.26 676.90 Td (1956, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 664.90 Td (as ) Tj ET Q q 0 0 0 rg BT 55.62 664.90 Td (amended ) Tj ET Q q 0 0 0 rg BT 93.99 664.90 Td (\(“BHC ) Tj ET Q q 0 0 0 rg BT 124.10 664.90 Td (Act”\), ) Tj ET Q q 0 0 0 rg BT 151.10 664.90 Td (and ) Tj ET Q q 0 0 0 rg BT 167.82 664.90 Td (are ) Tj ET Q q 0 0 0 rg BT 182.31 664.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 212.92 664.90 Td (to ) Tj ET Q q 0 0 0 rg BT 222.99 664.90 Td (the ) Tj ET Q q 0 0 0 rg BT 237.49 664.90 Td (regulation ) Tj ET Q q 0 0 0 rg BT 280.32 664.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 652.90 Td (oversight ) Tj ET Q q 0 0 0 rg BT 89.37 652.90 Td (of ) Tj ET Q q 0 0 0 rg BT 104.85 652.90 Td (the ) Tj ET Q q 0 0 0 rg BT 124.22 652.90 Td (Federal ) Tj ET Q q 0 0 0 rg BT 161.36 652.90 Td (Reserve. ) Tj ET Q q 0 0 0 rg BT 202.71 652.90 Td (The ) Tj ET Q q 0 0 0 rg BT 225.41 652.90 Td (Federal ) Tj ET Q q 0 0 0 rg BT 262.54 652.90 Td (Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 640.90 Td (establishes ) Tj ET Q q 0 0 0 rg BT 95.29 640.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 128.90 640.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 188.06 640.90 Td (for ) Tj ET Q q 0 0 0 rg BT 206.68 640.90 Td (us, ) Tj ET Q q 0 0 0 rg BT 225.03 640.90 Td (including ) Tj ET Q q 0 0 0 rg BT 269.77 640.90 Td (“well-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 628.90 Td (capitalized” ) Tj ET Q q 0 0 0 rg BT 94.83 628.90 Td (standards, ) Tj ET Q q 0 0 0 rg BT 137.18 628.90 Td (and ) Tj ET Q q 0 0 0 rg BT 153.70 628.90 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 192.98 628.90 Td (our ) Tj ET Q q 0 0 0 rg BT 208.39 628.90 Td (compliance ) Tj ET Q q 0 0 0 rg BT 256.56 628.90 Td (with ) Tj ET Q q 0 0 0 rg BT 276.42 628.90 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 616.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 82.93 616.90 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 148.91 616.90 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 204.62 616.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 242.55 616.90 Td (requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 604.90 Td (established ) Tj ET Q q 0 0 0 rg BT 90.83 604.90 Td (by ) Tj ET Q q 0 0 0 rg BT 102.22 604.90 Td (the ) Tj ET Q q 0 0 0 rg BT 115.83 604.90 Td (Federal ) Tj ET Q q 0 0 0 rg BT 147.20 604.90 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 180.80 604.90 Td (are ) Tj ET Q q 0 0 0 rg BT 194.40 604.90 Td (lar) Tj ET Q q 0 0 0 rg BT 204.77 604.90 Td (gely ) Tj ET Q q 0 0 0 rg BT 223.37 604.90 Td (based ) Tj ET Q q 0 0 0 rg BT 247.53 604.90 Td (on ) Tj ET Q q 0 0 0 rg BT 258.93 604.90 Td (the ) Tj ET Q q 0 0 0 rg BT 272.53 604.90 Td (Basel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 592.90 Td (III ) Tj ET Q q 0 0 0 rg BT 58.44 592.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 88.54 592.90 Td (standards ) Tj ET Q q 0 0 0 rg BT 129.76 592.90 Td (established ) Tj ET Q q 0 0 0 rg BT 177.64 592.90 Td (by ) Tj ET Q q 0 0 0 rg BT 191.09 592.90 Td (the ) Tj ET Q q 0 0 0 rg BT 206.76 592.90 Td (Basel ) Tj ET Q q 0 0 0 rg BT 232.42 592.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 280.31 592.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 580.90 Td (also ) Tj ET Q q 0 0 0 rg BT 62.45 580.90 Td (implement ) Tj ET Q q 0 0 0 rg BT 106.56 580.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 135.10 580.90 Td (provisions ) Tj ET Q q 0 0 0 rg BT 178.11 580.90 Td (of ) Tj ET Q q 0 0 0 rg BT 187.78 580.90 Td (the ) Tj ET Q q 0 0 0 rg BT 201.33 580.90 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 251.46 580.90 Td (W) Tj ET Q q 0 0 0 rg BT 260.09 580.90 Td (all ) Tj ET Q q 0 0 0 rg BT 271.43 580.90 Td (Street ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 568.90 Td (Reform ) Tj ET Q q 0 0 0 rg BT 77.28 568.90 Td (and ) Tj ET Q q 0 0 0 rg BT 93.44 568.90 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 136.28 568.90 Td (Protection ) Tj ET Q q 0 0 0 rg BT 178.73 568.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 194.90 568.90 Td (\(“Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 252.89 568.90 Td (Act”\). ) Tj ET Q q 0 0 0 rg BT 279.21 568.90 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 556.90 Td (OCC ) Tj ET Q q 0 0 0 rg BT 67.76 556.90 Td (establishes ) Tj ET Q q 0 0 0 rg BT 113.28 556.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 143.25 556.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 172.10 556.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 226.49 556.90 Td (and ) Tj ET Q q 0 0 0 rg BT 243.13 556.90 Td (standards ) Tj ET Q q 0 0 0 rg BT 283.09 556.90 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 544.90 Td (our ) Tj ET Q q 0 0 0 rg BT 60.63 544.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 80.72 544.90 Td (Bank ) Tj ET Q q 0 0 0 rg BT 104.13 544.90 Td (Subsidiaries. ) Tj ET Q q 0 0 0 rg BT 157.82 544.90 Td (For ) Tj ET Q q 0 0 0 rg BT 174.01 544.90 Td (us ) Tj ET Q q 0 0 0 rg BT 185.21 544.90 Td (to ) Tj ET Q q 0 0 0 rg BT 195.29 544.90 Td (remain ) Tj ET Q q 0 0 0 rg BT 225.35 544.90 Td (an ) Tj ET Q q 0 0 0 rg BT 237.09 544.90 Td (FHC, ) Tj ET Q q 0 0 0 rg BT 261.35 544.90 Td (we ) Tj ET Q q 0 0 0 rg BT 275.31 544.90 Td (must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 532.90 Td (remain ) Tj ET Q q 0 0 0 rg BT 82.73 532.90 Td (well-capitalized ) Tj ET Q q 0 0 0 rg BT 156.56 532.90 Td (in ) Tj ET Q q 0 0 0 rg BT 174.30 532.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 229.23 532.90 Td (with ) Tj ET Q q 0 0 0 rg BT 256.98 532.90 Td (standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 520.90 Td (established ) Tj ET Q q 0 0 0 rg BT 96.21 520.90 Td (by ) Tj ET Q q 0 0 0 rg BT 113.00 520.90 Td (the ) Tj ET Q q 0 0 0 rg BT 131.99 520.90 Td (Federal ) Tj ET Q q 0 0 0 rg BT 168.76 520.90 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 207.75 520.90 Td (and ) Tj ET Q q 0 0 0 rg BT 228.97 520.90 Td (our ) Tj ET Q q 0 0 0 rg BT 249.08 520.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 273.64 520.90 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 508.90 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 97.10 508.90 Td (must ) Tj ET Q q 0 0 0 rg BT 119.76 508.90 Td (remain ) Tj ET Q q 0 0 0 rg BT 150.74 508.90 Td (well-capitalized ) Tj ET Q q 0 0 0 rg BT 217.81 508.90 Td (in ) Tj ET Q q 0 0 0 rg BT 228.80 508.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 276.98 508.90 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 496.90 Td (standards ) Tj ET Q q 0 0 0 rg BT 85.79 496.90 Td (established ) Tj ET Q q 0 0 0 rg BT 133.25 496.90 Td (by ) Tj ET Q q 0 0 0 rg BT 146.28 496.90 Td (the ) Tj ET Q q 0 0 0 rg BT 161.52 496.90 Td (OCC. ) Tj ET Q q 0 0 0 rg BT 187.60 496.90 Td (For ) Tj ET Q q 0 0 0 rg BT 204.52 496.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 247.54 496.90 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 484.90 Td (on ) Tj ET Q q 0 0 0 rg BT 62.99 484.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 112.07 484.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 146.71 484.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 206.90 484.90 Td (for ) Tj ET Q q 0 0 0 rg BT 226.55 484.90 Td (our ) Tj ET Q q 0 0 0 rg BT 247.87 484.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 273.64 484.90 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 472.90 Td (Subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 472.90 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.16 472.90 Td (Note ) Tj ET Q q 0 0 0 rg BT 136.09 472.90 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.09 472.90 Td ( ) Tj ET Q q 0 0 0 rg BT 148.59 472.90 Td (to ) Tj ET Q q 0 0 0 rg BT 158.87 472.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.59 472.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.07 472.90 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 45.00 450.90 Td (Regulatory Capital Requir) Tj ET Q q 0 0 0 rg BT 159.26 450.90 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 428.90 Td (W) Tj ET Q q 0 0 0 rg BT 53.64 428.90 Td (e ) Tj ET Q q 0 0 0 rg BT 60.17 428.90 Td (are ) Tj ET Q q 0 0 0 rg BT 74.48 428.90 Td (required ) Tj ET Q q 0 0 0 rg BT 109.89 428.90 Td (to ) Tj ET Q q 0 0 0 rg BT 119.76 428.90 Td (maintain ) Tj ET Q q 0 0 0 rg BT 156.85 428.90 Td (minimum ) Tj ET Q q 0 0 0 rg BT 197.84 428.90 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 241.03 428.90 Td (and ) Tj ET Q q 0 0 0 rg BT 257.57 428.90 Td (leverage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 416.90 Td (based ) Tj ET Q q 0 0 0 rg BT 72.27 416.90 Td (capital, ) Tj ET Q q 0 0 0 rg BT 105.91 416.90 Td (and ) Tj ET Q q 0 0 0 rg BT 124.52 416.90 Td (TLAC ) Tj ET Q q 0 0 0 rg BT 155.13 416.90 Td (ratios. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.34 416.90 Td (For ) Tj ET Q q 0 0 0 rg BT 202.73 416.90 Td (more ) Tj ET Q q 0 0 0 rg BT 227.77 416.90 Td (information, ) Tj ET Q q 0 0 0 rg BT 281.98 416.90 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 404.90 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.44 404.90 Td (Management’) Tj ET Q q 0 0 0 rg BT 104.42 404.90 Td (s ) Tj ET Q q 0 0 0 rg BT 109.62 404.90 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 154.82 404.90 Td (and ) Tj ET Q q 0 0 0 rg BT 170.28 404.90 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 206.59 404.90 Td (of ) Tj ET Q q 0 0 0 rg BT 216.23 404.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 254.75 404.90 Td (Condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 392.90 Td (and ) Tj ET Q q 0 0 0 rg BT 61.44 392.90 Td (Results ) Tj ET Q q 0 0 0 rg BT 92.89 392.90 Td (of ) Tj ET Q q 0 0 0 rg BT 103.23 392.90 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 196.33 392.90 Td (and ) Tj ET Q q 0 0 0 rg BT 212.77 392.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 243.66 392.90 Td (Resources—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 380.90 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 91.67 380.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 122.78 380.90 Td (Requirements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.32 380.90 Td (” ) Tj ET Q q 0 0 0 rg BT 184.99 380.90 Td (in ) Tj ET Q q 0 0 0 rg BT 195.00 380.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.45 380.90 Td (2019 ) Tj ET Q q 0 0 0 rg BT 231.68 380.90 Td (Form ) Tj ET Q q 0 0 0 rg BT 255.58 380.90 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.13 380.90 Td (. ) Tj ET Q q 0 0 0 rg BT 280.86 380.90 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 368.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 88.68 368.90 Td (information ) Tj ET Q q 0 0 0 rg BT 139.59 368.90 Td (on ) Tj ET Q q 0 0 0 rg BT 153.01 368.90 Td (TLAC, ) Tj ET Q q 0 0 0 rg BT 185.31 368.90 Td (see ) Tj ET Q q 0 0 0 rg BT 201.78 368.90 Td (“T) Tj ET Q q 0 0 0 rg BT 211.63 368.90 Td (otal ) Tj ET Q q 0 0 0 rg BT 230.31 368.90 Td (Loss-Absorbing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 356.90 Td (Capacity) Tj ET Q q 0 0 0 rg BT 79.89 356.90 Td (, ) Tj ET Q q 0 0 0 rg BT 88.74 356.90 Td (Long-T) Tj ET Q q 0 0 0 rg BT 118.59 356.90 Td (erm ) Tj ET Q q 0 0 0 rg BT 140.49 356.90 Td (Debt ) Tj ET Q q 0 0 0 rg BT 166.27 356.90 Td (and ) Tj ET Q q 0 0 0 rg BT 187.06 356.90 Td (Clean ) Tj ET Q q 0 0 0 rg BT 216.74 356.90 Td (Holding ) Tj ET Q q 0 0 0 rg BT 255.86 356.90 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 344.90 Td (Requirements” ) Tj ET Q q 0 0 0 rg BT 107.48 344.90 Td (herein.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 45.00 322.90 Td (Risk-Based ) Tj ET Q q 0 0 0 rg BT 94.00 322.90 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 142.45 322.90 Td (Capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.95 322.90 Td ( ) Tj ET Q q 0 0 0 rg BT 178.97 322.90 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 222.99 322.90 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 268.10 322.90 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 310.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 65.42 310.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 119.72 310.90 Td (apply ) Tj ET Q q 0 0 0 rg BT 144.04 310.90 Td (to ) Tj ET Q q 0 0 0 rg BT 153.92 310.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 193.24 310.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 221.85 310.90 Td (T) Tj ET Q q 0 0 0 rg BT 227.61 310.90 Td (ier ) Tj ET Q q 0 0 0 rg BT 240.26 310.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 247.35 310.90 Td (capital, ) Tj ET Q q 0 0 0 rg BT 278.45 310.90 Td (T) Tj ET Q q 0 0 0 rg BT 284.21 310.90 Td (ier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 298.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 51.30 298.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.26 298.90 Td (and ) Tj ET Q q 0 0 0 rg BT 94.91 298.90 Td (T) Tj ET Q q 0 0 0 rg BT 100.32 298.90 Td (otal ) Tj ET Q q 0 0 0 rg BT 116.61 298.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 144.57 298.90 Td (\(which ) Tj ET Q q 0 0 0 rg BT 173.64 298.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 208.18 298.90 Td (T) Tj ET Q q 0 0 0 rg BT 213.93 298.90 Td (ier ) Tj ET Q q 0 0 0 rg BT 225.78 298.90 Td (2 ) Tj ET Q q 0 0 0 rg BT 232.09 298.90 Td (capital\). ) Tj ET Q q 0 0 0 rg BT 265.87 298.90 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 286.90 Td (standards ) Tj ET Q q 0 0 0 rg BT 85.44 286.90 Td (require ) Tj ET Q q 0 0 0 rg BT 116.43 286.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 146.31 286.90 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 196.75 286.90 Td (to, ) Tj ET Q q 0 0 0 rg BT 209.70 286.90 Td (and ) Tj ET Q q 0 0 0 rg BT 226.82 286.90 Td (deductions ) Tj ET Q q 0 0 0 rg BT 272.81 286.90 Td (from, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 274.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 74.15 274.90 Td (for ) Tj ET Q q 0 0 0 rg BT 88.31 274.90 Td (purposes ) Tj ET Q q 0 0 0 rg BT 126.36 274.90 Td (of ) Tj ET Q q 0 0 0 rg BT 137.19 274.90 Td (determining ) Tj ET Q q 0 0 0 rg BT 188.01 274.90 Td (these ) Tj ET Q q 0 0 0 rg BT 211.06 274.90 Td (ratios.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.78 274.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 252.90 Td (In ) Tj ET Q q 0 0 0 rg BT 62.43 252.90 Td (addition ) Tj ET Q q 0 0 0 rg BT 104.30 252.90 Td (to ) Tj ET Q q 0 0 0 rg BT 121.18 252.90 Td (the ) Tj ET Q q 0 0 0 rg BT 142.49 252.90 Td (minimum ) Tj ET Q q 0 0 0 rg BT 190.48 252.90 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 240.68 252.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 276.43 252.90 Td (ratio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 240.90 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 102.21 240.90 Td (we ) Tj ET Q q 0 0 0 rg BT 116.38 240.90 Td (are ) Tj ET Q q 0 0 0 rg BT 131.10 240.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 161.94 240.90 Td (to ) Tj ET Q q 0 0 0 rg BT 172.23 240.90 Td (the ) Tj ET Q q 0 0 0 rg BT 186.96 240.90 Td (following ) Tj ET Q q 0 0 0 rg BT 228.35 240.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 268.09 240.90 Td (Equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 228.90 Td (T) Tj ET Q q 0 0 0 rg BT 50.76 228.90 Td (ier ) Tj ET Q q 0 0 0 rg BT 63.80 228.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 71.30 228.90 Td (buf) Tj ET Q q 0 0 0 rg BT 84.45 228.90 Td (fers:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.22 228.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 216.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 204.90 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 204.90 Td (A) Tj ET Q q 0 0 0 rg BT 60.67 204.90 Td ( ) Tj ET Q q 0 0 0 rg BT 63.17 204.90 Td (greater ) Tj ET Q q 0 0 0 rg BT 93.42 204.90 Td (than ) Tj ET Q q 0 0 0 rg BT 113.14 204.90 Td (2.5% ) Tj ET Q q 0 0 0 rg BT 136.47 204.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 165.62 204.90 Td (conservation ) Tj ET Q q 0 0 0 rg BT 219.21 204.90 Td (buf) Tj ET Q q 0 0 0 rg BT 232.36 204.90 Td (fer;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.24 204.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 180.90 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 180.90 Td (The ) Tj ET Q q 0 0 0 rg BT 72.05 180.90 Td (G-SIB ) Tj ET Q q 0 0 0 rg BT 100.66 180.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 129.81 180.90 Td (surchar) Tj ET Q q 0 0 0 rg BT 159.06 180.90 Td (ge, ) Tj ET Q q 0 0 0 rg BT 173.50 180.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 212.09 180.90 Td (at ) Tj ET Q q 0 0 0 rg BT 221.81 180.90 Td (3%; ) Tj ET Q q 0 0 0 rg BT 240.42 180.90 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.85 180.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 156.90 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 156.90 Td (Up ) Tj ET Q q 0 0 0 rg BT 68.86 156.90 Td (to ) Tj ET Q q 0 0 0 rg BT 79.27 156.90 Td (a ) Tj ET Q q 0 0 0 rg BT 86.34 156.90 Td (2.5% ) Tj ET Q q 0 0 0 rg BT 109.81 156.90 Td (CCyB, ) Tj ET Q q 0 0 0 rg BT 139.95 156.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 178.68 156.90 Td (set ) Tj ET Q q 0 0 0 rg BT 192.42 156.90 Td (by ) Tj ET Q q 0 0 0 rg BT 205.05 156.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 225.47 156.90 Td (banking ) Tj ET Q q 0 0 0 rg BT 260.32 156.90 Td (agencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 144.90 Td (at ) Tj ET Q q 0 0 0 rg BT 63.72 144.90 Td (zero.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.42 144.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 122.90 Td (For ) Tj ET Q q 0 0 0 rg BT 62.81 122.90 Td (a ) Tj ET Q q 0 0 0 rg BT 71.17 122.90 Td (further ) Tj ET Q q 0 0 0 rg BT 102.30 122.90 Td (discussion ) Tj ET Q q 0 0 0 rg BT 147.89 122.90 Td (of ) Tj ET Q q 0 0 0 rg BT 160.14 122.90 Td (the ) Tj ET Q q 0 0 0 rg BT 176.27 122.90 Td (G-SIB ) Tj ET Q q 0 0 0 rg BT 206.31 122.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 236.88 122.90 Td (surchar) Tj ET Q q 0 0 0 rg BT 266.13 122.90 Td (ge, ) Tj ET Q q 0 0 0 rg BT 281.98 122.90 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 110.90 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.44 110.90 Td (Management’) Tj ET Q q 0 0 0 rg BT 104.42 110.90 Td (s ) Tj ET Q q 0 0 0 rg BT 109.62 110.90 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 154.82 110.90 Td (and ) Tj ET Q q 0 0 0 rg BT 170.28 110.90 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 206.59 110.90 Td (of ) Tj ET Q q 0 0 0 rg BT 216.23 110.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 254.75 110.90 Td (Condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 98.90 Td (and ) Tj ET Q q 0 0 0 rg BT 61.44 98.90 Td (Results ) Tj ET Q q 0 0 0 rg BT 92.89 98.90 Td (of ) Tj ET Q q 0 0 0 rg BT 103.23 98.90 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 196.33 98.90 Td (and ) Tj ET Q q 0 0 0 rg BT 212.77 98.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 243.66 98.90 Td (Resources—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 86.90 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 93.43 86.90 Td (Requirements—G-SIB ) Tj ET Q q 0 0 0 rg BT 189.08 86.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 221.96 86.90 Td (Surchar) Tj ET Q q 0 0 0 rg BT 252.88 86.90 Td (ge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.32 86.90 Td (” ) Tj ET Q q 0 0 0 rg BT 270.76 86.90 Td (in ) Tj ET Q q 0 0 0 rg BT 282.53 86.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 74.90 Td (2019 ) Tj ET Q q 0 0 0 rg BT 67.50 74.90 Td (Form ) Tj ET Q q 0 0 0 rg BT 91.67 74.90 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.22 74.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 722.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 338.57 722.10 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 385.43 722.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 417.85 722.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 445.84 722.10 Td (for ) Tj ET Q q 0 0 0 rg BT 463.26 722.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 504.58 722.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.68 722.10 Td (determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 710.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 364.09 710.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 415.92 710.10 Td (are ) Tj ET Q q 0 0 0 rg BT 433.88 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.84 710.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 480.35 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.43 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.39 710.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 544.78 710.10 Td (ratios ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 698.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 358.74 698.10 Td (under ) Tj ET Q q 0 0 0 rg BT 383.57 698.10 Td (\(i\) the ) Tj ET Q q 0 0 0 rg BT 409.79 698.10 Td (standardized ) Tj ET Q q 0 0 0 rg BT 462.38 698.10 Td (approaches ) Tj ET Q q 0 0 0 rg BT 509.41 698.10 Td (for ) Tj ET Q q 0 0 0 rg BT 523.13 698.10 Td (calculating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 686.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 342.35 686.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 359.68 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.46 686.10 Td (market ) Tj ET Q q 0 0 0 rg BT 406.56 686.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 423.89 686.10 Td (R) Tj ET Q q 0 0 0 rg BT 430.01 686.10 Td (W) Tj ET Q q 0 0 0 rg BT 438.34 686.10 Td (A) Tj ET Q q 0 0 0 rg BT 445.01 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.35 686.10 Td (\(“Standardized ) Tj ET Q q 0 0 0 rg BT 509.14 686.10 Td (Approach”\) ) Tj ET Q q 0 0 0 rg BT 558.67 686.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 674.10 Td (\(ii\) the ) Tj ET Q q 0 0 0 rg BT 347.63 674.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 392.17 674.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 433.38 674.10 Td (approaches ) Tj ET Q q 0 0 0 rg BT 481.81 674.10 Td (for ) Tj ET Q q 0 0 0 rg BT 496.92 674.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 544.24 674.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 662.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 341.27 662.10 Td (market ) Tj ET Q q 0 0 0 rg BT 375.55 662.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 397.08 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.03 662.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 469.54 662.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 491.06 662.10 Td (R) Tj ET Q q 0 0 0 rg BT 497.17 662.10 Td (W) Tj ET Q q 0 0 0 rg BT 505.50 662.10 Td (A) Tj ET Q q 0 0 0 rg BT 512.17 662.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.69 662.10 Td (\(“Advanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 650.10 Td (Approach”\). ) Tj ET Q q 0 0 0 rg BT 368.98 650.10 Td (The ) Tj ET Q q 0 0 0 rg BT 386.71 650.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 411.66 650.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 428.85 650.10 Td (R) Tj ET Q q 0 0 0 rg BT 434.96 650.10 Td (W) Tj ET Q q 0 0 0 rg BT 443.29 650.10 Td (A) Tj ET Q q 0 0 0 rg BT 449.96 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.15 650.10 Td (calculations ) Tj ET Q q 0 0 0 rg BT 502.10 650.10 Td (between ) Tj ET Q q 0 0 0 rg BT 537.60 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 552.00 650.10 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 638.10 Td (approaches ) Tj ET Q q 0 0 0 rg BT 365.75 638.10 Td (dif) Tj ET Q q 0 0 0 rg BT 376.68 638.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 391.31 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.62 638.10 Td (that ) Tj ET Q q 0 0 0 rg BT 421.14 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.89 638.10 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 491.84 638.10 Td (Approach ) Tj ET Q q 0 0 0 rg BT 534.80 638.10 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 626.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 363.56 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.33 626.10 Td (R) Tj ET Q q 0 0 0 rg BT 380.45 626.10 Td (W) Tj ET Q q 0 0 0 rg BT 388.78 626.10 Td (A) Tj ET Q q 0 0 0 rg BT 395.45 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.89 626.10 Td (using ) Tj ET Q q 0 0 0 rg BT 422.01 626.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 466.10 626.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 483.54 626.10 Td (weights, ) Tj ET Q q 0 0 0 rg BT 519.59 626.10 Td (whereas ) Tj ET Q q 0 0 0 rg BT 554.79 626.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 614.10 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 362.18 614.10 Td (Approach ) Tj ET Q q 0 0 0 rg BT 407.26 614.10 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 441.78 614.10 Td (models ) Tj ET Q q 0 0 0 rg BT 476.31 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.73 614.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 530.90 614.10 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 602.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 352.58 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.45 602.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 384.89 602.10 Td (weights. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.62 602.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.06 602.10 Td (March 31, ) Tj ET Q q 0 0 0 rg BT 473.60 602.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.60 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.04 602.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.92 602.10 Td (December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 590.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.25 590.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.37 590.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.32 590.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 389.15 590.10 Td (for ) Tj ET Q q 0 0 0 rg BT 405.43 590.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 458.37 590.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 504.09 590.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 554.79 590.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 578.10 Td (based ) Tj ET Q q 0 0 0 rg BT 347.02 578.10 Td (on ) Tj ET Q q 0 0 0 rg BT 364.03 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.70 578.10 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 427.70 578.10 Td (Approach ) Tj ET Q q 0 0 0 rg BT 474.13 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.58 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.80 578.10 Td (Standardized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 566.10 Td (Approach ) Tj ET Q q 0 0 0 rg BT 359.18 566.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 383.62 566.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 431.28 566.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 317.25 544.10 Td (Leverage-Based ) Tj ET Q q 0 0 0 rg BT 384.19 544.10 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 430.59 544.10 Td (Capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.60 544.10 Td (. ) Tj ET Q q 0 0 0 rg BT 465.07 544.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 507.04 544.10 Td (leverage-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 532.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 345.80 532.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 399.89 532.10 Td (include ) Tj ET Q q 0 0 0 rg BT 431.22 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 437.42 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 443.18 532.10 Td (ier ) Tj ET Q q 0 0 0 rg BT 455.62 532.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 462.52 532.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 498.28 532.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 518.50 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.83 532.10 Td (an ) Tj ET Q q 0 0 0 rg BT 546.17 532.10 Td (SLR. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 520.10 Td (W) Tj ET Q q 0 0 0 rg BT 325.89 520.10 Td (e ) Tj ET Q q 0 0 0 rg BT 334.20 520.10 Td (are ) Tj ET Q q 0 0 0 rg BT 350.27 520.10 Td (required ) Tj ET Q q 0 0 0 rg BT 387.46 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.11 520.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 437.97 520.10 Td (an ) Tj ET Q q 0 0 0 rg BT 451.28 520.10 Td (SLR ) Tj ET Q q 0 0 0 rg BT 473.49 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.69 520.10 Td (5%, ) Tj ET Q q 0 0 0 rg BT 505.39 520.10 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 545.36 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.56 520.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 508.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 357.50 508.10 Td (SLR ) Tj ET Q q 0 0 0 rg BT 378.34 508.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 407.49 508.10 Td (buf) Tj ET Q q 0 0 0 rg BT 420.64 508.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 434.24 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.07 508.10 Td (at ) Tj ET Q q 0 0 0 rg BT 454.79 508.10 Td (least ) Tj ET Q q 0 0 0 rg BT 475.61 508.10 Td (2%.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 486.10 Td (As ) Tj ET Q q 0 0 0 rg BT 329.89 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.75 486.10 Td (March ) Tj ET Q q 0 0 0 rg BT 367.37 486.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 381.40 486.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 405.42 486.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.28 486.10 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 462.90 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.87 486.10 Td (leverage-based ) Tj ET Q q 0 0 0 rg BT 540.35 486.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 474.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 352.79 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.87 474.10 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 395.24 474.10 Td (as ) Tj ET Q q 0 0 0 rg BT 405.22 474.10 Td (well ) Tj ET Q q 0 0 0 rg BT 424.09 474.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.07 474.10 Td (R) Tj ET Q q 0 0 0 rg BT 440.18 474.10 Td (W) Tj ET Q q 0 0 0 rg BT 448.51 474.10 Td (A, ) Tj ET Q q 0 0 0 rg BT 459.88 474.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 494.86 474.10 Td (average ) Tj ET Q q 0 0 0 rg BT 527.59 474.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 552.57 474.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 462.10 Td (supplementary ) Tj ET Q q 0 0 0 rg BT 378.88 462.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 415.50 462.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 454.35 462.10 Td (are ) Tj ET Q q 0 0 0 rg BT 469.31 462.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 512.59 462.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 554.78 462.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 450.10 Td (ef) Tj ET Q q 0 0 0 rg BT 324.84 450.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 342.74 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.98 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.11 450.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 407.02 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.27 450.10 Td (CECL) Tj ET Q q 0 0 0 rg BT 443.45 450.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.37 450.10 Td (based ) Tj ET Q q 0 0 0 rg BT 472.05 450.10 Td (on ) Tj ET Q q 0 0 0 rg BT 484.96 450.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.21 450.10 Td (election ) Tj ET Q q 0 0 0 rg BT 535.77 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 546.46 450.10 Td (defer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 438.10 Td (this ) Tj ET Q q 0 0 0 rg BT 337.64 438.10 Td (ef) Tj ET Q q 0 0 0 rg BT 345.23 438.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 366.15 438.10 Td (over ) Tj ET Q q 0 0 0 rg BT 389.86 438.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.24 438.10 Td (five-year ) Tj ET Q q 0 0 0 rg BT 442.26 438.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 485.98 438.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 519.96 438.10 Td (For ) Tj ET Q q 0 0 0 rg BT 539.79 438.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 426.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 368.31 426.10 Td (see ) Tj ET Q q 0 0 0 rg BT 382.43 426.10 Td (“Liquidity ) Tj ET Q q 0 0 0 rg BT 425.45 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.24 426.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 471.47 426.10 Td (Resources—Regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.25 414.10 Td (Requirements—Regulatory ) Tj ET Q q 0 0 0 rg BT 429.73 414.10 Td (Developments” ) Tj ET Q q 0 0 0 rg BT 494.43 414.10 Td (herein.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I43 Do Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.75 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 38.46 Td (22) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 722.85 Td (Regulatory Capital Ratios ) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 700.35 m 192.5 700.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 700.35 m 240.5 700.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 700.35 m 294.5 700.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 681.35 m 157.5 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 681.35 m 192.5 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 681.35 m 240.5 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 681.35 m 294.5 681.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 657.35 m 157.5 657.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 657.35 m 192.5 657.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 657.35 m 240.5 657.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 657.35 m 294.5 657.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 645.35 m 157.5 645.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 645.35 m 192.5 645.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 645.35 m 240.5 645.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 645.35 m 294.5 645.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 633.35 m 157.5 633.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 633.35 m 192.5 633.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 633.35 m 240.5 633.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 633.35 m 294.5 633.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 621.35 m 157.5 621.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 621.35 m 192.5 621.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 621.35 m 240.5 621.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 621.35 m 294.5 621.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 602.35 m 157.5 602.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 590.35 m 157.5 590.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 602.35 m 192.5 602.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 590.35 m 192.5 590.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 602.35 m 240.5 602.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 590.35 m 240.5 590.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 602.35 m 294.5 602.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 590.35 m 294.5 590.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 578.35 m 157.5 578.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 578.35 m 192.5 578.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 578.35 m 240.5 578.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 578.35 m 294.5 578.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 578.35 m 240.5 578.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 578.35 m 294.5 578.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 544.35 m 157.5 544.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 544.35 m 192.5 544.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 544.35 m 240.5 544.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 544.35 m 294.5 544.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 520.35 m 157.5 520.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 520.35 m 192.5 520.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 520.35 m 240.5 520.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 520.35 m 294.5 520.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 508.35 m 294.5 508.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 508.35 m 157.5 508.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 496.35 m 157.5 496.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 508.35 m 192.5 508.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 496.35 m 192.5 496.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 508.35 m 240.5 508.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 496.35 m 240.5 496.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 508.35 m 294.5 508.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 496.35 m 294.5 496.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 484.35 m 157.5 484.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 484.35 m 192.5 484.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 484.35 m 240.5 484.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 484.35 m 294.5 484.35 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 704.35 Td ( ) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.90 704.35 Td (At March 31, 2020) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 685.13 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 160.25 692.35 Td (Required) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 165.05 685.35 Td (Ratio) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 181.39 688.69 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 195.35 685.35 Td (Standardized) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 251.40 685.35 Td (Advanced) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 673.75 Td (Risk-based capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 661.75 Td (Common Equity ) Tj ET Q q 0 0 0 rg BT 99.68 661.75 Td (T) Tj ET Q q 0 0 0 rg BT 103.76 661.75 Td (ier 1 capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 160.00 661.35 Td ( ) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.00 661.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 212.30 661.35 Td (65,195) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 243.00 661.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 266.30 661.35 Td (65,195) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 649.75 Td (T) Tj ET Q q 0 0 0 rg BT 52.15 649.75 Td (ier 1 capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 160.00 649.35 Td ( ) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 212.30 649.35 Td (73,896) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 266.30 649.35 Td (73,896) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 637.75 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 637.75 Td (otal capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 160.00 637.35 Td ( ) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 212.30 637.35 Td (84,121) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 266.30 637.35 Td (83,847) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 625.75 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 625.75 Td (otal R) Tj ET Q q 0 0 0 rg BT 69.72 625.75 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 625.75 Td (A) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 160.00 625.35 Td ( ) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 208.40 625.35 Td (415,002) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 262.40 625.35 Td (427,782) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 613.75 Td (Common Equity ) Tj ET Q q 0 0 0 rg BT 99.68 613.75 Td (T) Tj ET Q q 0 0 0 rg BT 103.76 613.75 Td (ier 1 capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 606.75 Td (ratio) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 172.10 606.35 Td (10.0) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 185.75 606.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 220.10 606.35 Td (15.7) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 233.75 606.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 606.35 Td (15.2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 287.75 606.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 594.75 Td (T) Tj ET Q q 0 0 0 rg BT 52.15 594.75 Td (ier 1 capital ratio) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 172.10 594.35 Td (1) Tj ET Q q 0 0 0 rg BT 175.99 594.35 Td (1.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 185.75 594.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 220.10 594.35 Td (17.8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 233.75 594.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 594.35 Td (17.3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 287.75 594.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 582.75 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 582.75 Td (otal capital ratio) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 172.10 582.35 Td (13.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 185.75 582.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 220.10 582.35 Td (20.3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 233.75 582.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 582.35 Td (19.6) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 287.75 582.35 Td (%) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 548.13 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 201.75 555.35 Td (Required) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 206.55 548.35 Td (Ratio) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 222.89 551.69 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 263.30 560.75 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 250.85 553.75 Td (March 31,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 259.20 546.75 Td (2020) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 536.75 Td (Leverage-based capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 524.35 Td (Adjusted average assets) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 124.66 527.69 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 243.00 524.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 262.40 524.35 Td (910,499) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 512.75 Td (T) Tj ET Q q 0 0 0 rg BT 52.02 512.75 Td (ier 1 leverage ratio) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 224.00 512.35 Td (4.0) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 233.75 512.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 278.00 512.35 Td (8.1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 287.75 512.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 500.35 Td (Supplementary leverage exposure) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 154.62 503.69 Td (3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 243.00 500.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 256.60 500.35 Td (1,185,734) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 488.75 Td (SLR) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 224.00 488.35 Td (5.0) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 233.75 488.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 278.00 488.35 Td (6.2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 287.75 488.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 462.35 m 192.5 462.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 462.35 m 240.5 462.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 462.35 m 294.5 462.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 443.35 m 157.5 443.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 443.35 m 192.5 443.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 443.35 m 240.5 443.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 443.35 m 294.5 443.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 419.35 m 157.5 419.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 419.35 m 192.5 419.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 419.35 m 240.5 419.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 419.35 m 294.5 419.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 407.35 m 157.5 407.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 407.35 m 192.5 407.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 407.35 m 240.5 407.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 407.35 m 294.5 407.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 395.35 m 157.5 395.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 395.35 m 192.5 395.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 395.35 m 240.5 395.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 395.35 m 294.5 395.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 383.35 m 157.5 383.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 383.35 m 192.5 383.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 383.35 m 240.5 383.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 383.35 m 294.5 383.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 364.35 m 157.5 364.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 352.35 m 157.5 352.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 364.35 m 192.5 364.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 352.35 m 192.5 352.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 364.35 m 240.5 364.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 352.35 m 240.5 352.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 364.35 m 294.5 364.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 352.35 m 294.5 352.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 340.35 m 157.5 340.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 340.35 m 192.5 340.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 340.35 m 240.5 340.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 340.35 m 294.5 340.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 304.35 m 157.5 304.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 304.35 m 192.5 304.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 304.35 m 240.5 304.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 304.35 m 294.5 304.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 280.35 m 157.5 280.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 280.35 m 192.5 280.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 280.35 m 240.5 280.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 280.35 m 294.5 280.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 268.35 m 294.5 268.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 268.35 m 157.5 268.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 256.35 m 157.5 256.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 268.35 m 192.5 268.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 256.35 m 192.5 256.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 268.35 m 240.5 268.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 256.35 m 240.5 256.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 268.35 m 294.5 268.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 256.35 m 294.5 256.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 244.35000000000002 m 157.5 244.35000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157.5 244.35000000000002 m 192.5 244.35000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192.5 244.35000000000002 m 240.5 244.35000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 244.35000000000002 m 294.5 244.35000000000002 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 466.35 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 190.45 466.35 Td (At December 31, 2019) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 447.13 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 160.25 454.35 Td (Required) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 165.05 447.35 Td (Ratio) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 181.39 450.69 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 195.35 447.35 Td (Standardized) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 251.40 447.35 Td (Advanced) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 435.75 Td (Risk-based capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 423.75 Td (Common Equity ) Tj ET Q q 0 0 0 rg BT 99.68 423.75 Td (T) Tj ET Q q 0 0 0 rg BT 103.76 423.75 Td (ier 1 capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 195.00 423.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 212.30 423.35 Td (64,751) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 243.00 423.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 423.35 Td (64,751) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 411.75 Td (T) Tj ET Q q 0 0 0 rg BT 52.15 411.75 Td (ier 1 capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 212.30 411.35 Td (73,443) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 411.35 Td (73,443) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 399.75 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 399.75 Td (otal capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 212.30 399.35 Td (82,708) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 399.35 Td (82,423) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 387.75 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 387.75 Td (otal R) Tj ET Q q 0 0 0 rg BT 69.72 387.75 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 387.75 Td (A) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 208.40 387.35 Td (394,177) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 262.40 387.35 Td (382,496) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 375.75 Td (Common Equity ) Tj ET Q q 0 0 0 rg BT 99.61 375.75 Td (T) Tj ET Q q 0 0 0 rg BT 103.63 375.75 Td (ier 1 capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 368.75 Td (ratio) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 172.10 368.35 Td (10.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 185.75 368.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 220.10 368.35 Td (16.4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 233.75 368.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 368.35 Td (16.9) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 368.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 356.75 Td (T) Tj ET Q q 0 0 0 rg BT 52.15 356.75 Td (ier 1 capital ratio) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 172.10 356.35 Td (1) Tj ET Q q 0 0 0 rg BT 175.99 356.35 Td (1.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 185.75 356.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 220.10 356.35 Td (18.6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 233.75 356.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 356.35 Td (19.2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 356.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 344.75 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 344.75 Td (otal capital ratio) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 172.10 344.35 Td (13.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 185.75 344.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 220.10 344.35 Td (21.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 233.75 344.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.10 344.35 Td (21.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 344.35 Td (%) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 308.13 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 201.75 315.35 Td (Required) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 206.55 308.35 Td (Ratio) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 222.89 311.69 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 263.65 322.35 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 245.00 315.35 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 259.20 308.35 Td (2019) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 296.75 Td (Leverage-based capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 284.35 Td (Adjusted average assets) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 124.66 287.69 Td (2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 243.00 284.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 262.40 284.35 Td (889,195) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 272.75 Td (T) Tj ET Q q 0 0 0 rg BT 52.15 272.75 Td (ier 1 leverage ratio) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 224.00 272.35 Td (4.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 233.75 272.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 278.00 272.35 Td (8.3) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 272.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 260.35 Td (Supplementary leverage exposure) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 154.62 263.69 Td (3) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 243.00 260.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 256.60 260.35 Td (1,155,177) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 248.75 Td (SLR) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 224.00 248.35 Td (5.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 233.75 248.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 278.00 248.35 Td (6.4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 287.75 248.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.00 Tf ET q 0 0 0 rg BT 45.00 237.65 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 229.85 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 229.85 Td (Required ) Tj ET Q q 0 0 0 rg BT 81.51 229.85 Td (ratios ) Tj ET Q q 0 0 0 rg BT 98.53 229.85 Td (are ) Tj ET Q q 0 0 0 rg BT 109.05 229.85 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 135.11 229.85 Td (of ) Tj ET Q q 0 0 0 rg BT 141.66 229.85 Td (any ) Tj ET Q q 0 0 0 rg BT 153.27 229.85 Td (buf) Tj ET Q q 0 0 0 rg BT 162.19 229.85 Td (fers ) Tj ET Q q 0 0 0 rg BT 174.15 229.85 Td (applicable ) Tj ET Q q 0 0 0 rg BT 204.55 229.85 Td (as ) Tj ET Q q 0 0 0 rg BT 212.55 229.85 Td (of ) Tj ET Q q 0 0 0 rg BT 219.10 229.85 Td (the ) Tj ET Q q 0 0 0 rg BT 229.26 229.85 Td (date ) Tj ET Q q 0 0 0 rg BT 243.04 229.85 Td (presented. ) Tj ET Q q 0 0 0 rg BT 274.89 229.85 Td (Failure ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 222.05 Td (to ) Tj ET Q q 0 0 0 rg BT 62.44 222.05 Td (maintain ) Tj ET Q q 0 0 0 rg BT 90.03 222.05 Td (the ) Tj ET Q q 0 0 0 rg BT 102.09 222.05 Td (buf) Tj ET Q q 0 0 0 rg BT 111.00 222.05 Td (fers ) Tj ET Q q 0 0 0 rg BT 124.86 222.05 Td (would ) Tj ET Q q 0 0 0 rg BT 144.86 222.05 Td (result ) Tj ET Q q 0 0 0 rg BT 163.78 222.05 Td (in ) Tj ET Q q 0 0 0 rg BT 171.86 222.05 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 206.30 222.05 Td (on ) Tj ET Q q 0 0 0 rg BT 216.55 222.05 Td (our ) Tj ET Q q 0 0 0 rg BT 228.96 222.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 248.60 222.05 Td (to ) Tj ET Q q 0 0 0 rg BT 257.04 222.05 Td (make ) Tj ET Q q 0 0 0 rg BT 275.96 222.05 Td (capital ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 214.25 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 92.22 214.25 Td (including ) Tj ET Q q 0 0 0 rg BT 119.60 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.36 214.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 157.01 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.16 214.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 193.34 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.91 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.67 214.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 250.92 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.06 214.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 276.76 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.33 214.25 Td (to ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 206.45 Td (pay ) Tj ET Q q 0 0 0 rg BT 66.29 206.45 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 104.94 206.45 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 131.33 206.45 Td (to ) Tj ET Q q 0 0 0 rg BT 138.55 206.45 Td (executive ) Tj ET Q q 0 0 0 rg BT 167.82 206.45 Td (of) Tj ET Q q 0 0 0 rg BT 173.12 206.45 Td (ficers.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 190.46 206.45 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 198.65 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 198.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 80.96 198.65 Td (average ) Tj ET Q q 0 0 0 rg BT 106.11 198.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.56 198.65 Td (represents ) Tj ET Q q 0 0 0 rg BT 158.94 198.65 Td (the ) Tj ET Q q 0 0 0 rg BT 169.64 198.65 Td (denominator ) Tj ET Q q 0 0 0 rg BT 207.43 198.65 Td (of ) Tj ET Q q 0 0 0 rg BT 214.52 198.65 Td (the ) Tj ET Q q 0 0 0 rg BT 225.11 198.65 Td (T) Tj ET Q q 0 0 0 rg BT 228.84 198.65 Td (ier ) Tj ET Q q 0 0 0 rg BT 237.73 198.65 Td (1 ) Tj ET Q q 0 0 0 rg BT 243.00 198.65 Td (leverage ) Tj ET Q q 0 0 0 rg BT 269.60 198.65 Td (ratio ) Tj ET Q q 0 0 0 rg BT 283.91 198.65 Td (and ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 190.85 Td (is ) Tj ET Q q 0 0 0 rg BT 60.80 190.85 Td (composed ) Tj ET Q q 0 0 0 rg BT 92.90 190.85 Td (of ) Tj ET Q q 0 0 0 rg BT 100.43 190.85 Td (the ) Tj ET Q q 0 0 0 rg BT 111.58 190.85 Td (average ) Tj ET Q q 0 0 0 rg BT 137.18 190.85 Td (daily ) Tj ET Q q 0 0 0 rg BT 152.66 190.85 Td (balance ) Tj ET Q q 0 0 0 rg BT 177.54 190.85 Td (of ) Tj ET Q q 0 0 0 rg BT 185.07 190.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 223.68 190.85 Td (on-balance ) Tj ET Q q 0 0 0 rg BT 257.96 190.85 Td (sheet ) Tj ET Q q 0 0 0 rg BT 275.97 190.85 Td (assets ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 183.05 Td (for ) Tj ET Q q 0 0 0 rg BT 63.07 183.05 Td (the ) Tj ET Q q 0 0 0 rg BT 73.59 183.05 Td (quarters ) Tj ET Q q 0 0 0 rg BT 98.91 183.05 Td (ending ) Tj ET Q q 0 0 0 rg BT 119.92 183.05 Td (on ) Tj ET Q q 0 0 0 rg BT 128.63 183.05 Td (the ) Tj ET Q q 0 0 0 rg BT 139.15 183.05 Td (respective ) Tj ET Q q 0 0 0 rg BT 170.25 183.05 Td (balance ) Tj ET Q q 0 0 0 rg BT 194.50 183.05 Td (sheet ) Tj ET Q q 0 0 0 rg BT 211.89 183.05 Td (dates, ) Tj ET Q q 0 0 0 rg BT 231.08 183.05 Td (reduced ) Tj ET Q q 0 0 0 rg BT 256.05 183.05 Td (by ) Tj ET Q q 0 0 0 rg BT 264.40 183.05 Td (disallowed ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 175.25 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 81.83 175.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 112.20 175.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 135.33 175.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 172.55 175.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.15 175.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 205.81 175.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 226.06 175.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 249.92 175.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 271.98 175.25 Td (pension ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 167.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 68.17 167.45 Td (assets, ) Tj ET Q q 0 0 0 rg BT 90.65 167.45 Td (after-tax ) Tj ET Q q 0 0 0 rg BT 116.37 167.45 Td (gain ) Tj ET Q q 0 0 0 rg BT 130.55 167.45 Td (on ) Tj ET Q q 0 0 0 rg BT 139.66 167.45 Td (sale ) Tj ET Q q 0 0 0 rg BT 153.47 167.45 Td (from ) Tj ET Q q 0 0 0 rg BT 168.35 167.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.02 167.45 Td (sold ) Tj ET Q q 0 0 0 rg BT 202.83 167.45 Td (into ) Tj ET Q q 0 0 0 rg BT 215.19 167.45 Td (securitizations, ) Tj ET Q q 0 0 0 rg BT 260.07 167.45 Td (investments ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 159.65 Td (in ) Tj ET Q q 0 0 0 rg BT 60.00 159.65 Td (our ) Tj ET Q q 0 0 0 rg BT 70.34 159.65 Td (own ) Tj ET Q q 0 0 0 rg BT 83.21 159.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 102.94 159.65 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 139.28 159.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 159.73 159.65 Td (deferred ) Tj ET Q q 0 0 0 rg BT 184.89 159.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 194.50 159.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 214.23 159.65 Td (and ) Tj ET Q q 0 0 0 rg BT 226.02 159.65 Td (other ) Tj ET Q q 0 0 0 rg BT 241.78 159.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 261.51 159.65 Td (deductions.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 294.76 159.65 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 151.85 Td (3. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 151.85 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 99.26 151.85 Td (leverage ) Tj ET Q q 0 0 0 rg BT 125.73 151.85 Td (exposure ) Tj ET Q q 0 0 0 rg BT 154.01 151.85 Td (is ) Tj ET Q q 0 0 0 rg BT 160.25 151.85 Td (the ) Tj ET Q q 0 0 0 rg BT 170.82 151.85 Td (sum ) Tj ET Q q 0 0 0 rg BT 184.64 151.85 Td (of ) Tj ET Q q 0 0 0 rg BT 191.30 151.85 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 218.13 151.85 Td (average ) Tj ET Q q 0 0 0 rg BT 243.16 151.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 263.49 151.85 Td (used ) Tj ET Q q 0 0 0 rg BT 279.12 151.85 Td (in ) Tj ET Q q 0 0 0 rg BT 285.72 151.85 Td (the ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 144.05 Td (T) Tj ET Q q 0 0 0 rg BT 57.73 144.05 Td (ier ) Tj ET Q q 0 0 0 rg BT 65.91 144.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 70.48 144.05 Td (leverage ) Tj ET Q q 0 0 0 rg BT 96.36 144.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 109.96 144.05 Td (and ) Tj ET Q q 0 0 0 rg BT 121.76 144.05 Td (other ) Tj ET Q q 0 0 0 rg BT 137.53 144.05 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 175.34 144.05 Td (primarily: ) Tj ET Q q 0 0 0 rg BT 202.65 144.05 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 209.38 144.05 Td (for ) Tj ET Q q 0 0 0 rg BT 217.92 144.05 Td (derivatives, potential ) Tj ET Q q 0 0 0 rg BT 278.13 144.05 Td (future ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 136.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 82.90 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.91 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.12 136.25 Td (ef) Tj ET Q q 0 0 0 rg BT 112.42 136.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 133.37 136.25 Td (notional ) Tj ET Q q 0 0 0 rg BT 158.31 136.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 184.68 136.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 208.52 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.11 136.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 230.20 136.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 248.26 136.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 278.97 136.25 Td (of) Tj ET Q q 0 0 0 rg BT 284.27 136.25 Td (fset ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 128.45 Td (by ) Tj ET Q q 0 0 0 rg BT 62.21 128.45 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 91.03 128.45 Td (purchased ) Tj ET Q q 0 0 0 rg BT 122.73 128.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 139.98 128.45 Td (protection; ) Tj ET Q q 0 0 0 rg BT 171.68 128.45 Td (\(ii\) the ) Tj ET Q q 0 0 0 rg BT 191.09 128.45 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 228.57 128.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 245.82 128.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 257.28 128.45 Td (for ) Tj ET Q q 0 0 0 rg BT 266.21 128.45 Td (repo-style ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 120.65 Td (transactions; ) Tj ET Q q 0 0 0 rg BT 92.66 120.65 Td (and ) Tj ET Q q 0 0 0 rg BT 105.31 120.65 Td (\(iii\) the ) Tj ET Q q 0 0 0 rg BT 126.62 120.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 144.32 120.65 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 175.77 120.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 199.25 120.65 Td (for ) Tj ET Q q 0 0 0 rg BT 208.65 120.65 Td (of) Tj ET Q q 0 0 0 rg BT 213.95 120.65 Td (f-balance ) Tj ET Q q 0 0 0 rg BT 242.50 120.65 Td (sheet ) Tj ET Q q 0 0 0 rg BT 260.21 120.65 Td (exposures.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 292.00 120.65 Td ( ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 317.25 722.85 Td (Regulatory Capital) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 686.35 m 431.75 686.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 686.35 m 483.75 686.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 686.35 m 535.75 686.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 686.35 m 567.75 686.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 662.35 m 431.75 662.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 662.35 m 483.75 662.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 662.35 m 535.75 662.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 662.35 m 567.75 662.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 650.35 m 431.75 650.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 638.35 m 431.75 638.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 650.35 m 483.75 650.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 638.35 m 483.75 638.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 650.35 m 535.75 650.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 638.35 m 535.75 638.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 650.35 m 567.75 650.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 638.35 m 567.75 638.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 614.35 m 431.75 614.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 602.35 m 431.75 602.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 614.35 m 483.75 614.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 602.35 m 483.75 602.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 614.35 m 535.75 614.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 602.35 m 535.75 602.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 614.35 m 567.75 614.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 602.35 m 567.75 602.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 583.35 m 431.75 583.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 583.35 m 483.75 583.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 583.35 m 535.75 583.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 583.35 m 567.75 583.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 564.35 m 431.75 564.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 564.35 m 483.75 564.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 564.35 m 535.75 564.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 564.35 m 567.75 564.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 540.35 m 431.75 540.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 528.35 m 431.75 528.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 540.35 m 483.75 540.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 528.35 m 483.75 528.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 540.35 m 535.75 540.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 528.35 m 535.75 528.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 540.35 m 567.75 540.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 528.35 m 567.75 528.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 516.35 m 431.75 516.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 516.35 m 483.75 516.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 516.35 m 535.75 516.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 516.35 m 567.75 516.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 497.35 m 431.75 497.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 497.35 m 483.75 497.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 497.35 m 535.75 497.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 497.35 m 567.75 497.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 485.35 m 431.75 485.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 485.35 m 483.75 485.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 485.35 m 535.75 485.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 485.35 m 567.75 485.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 461.35 m 431.75 461.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 461.35 m 483.75 461.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 461.35 m 535.75 461.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 461.35 m 567.75 461.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 449.35 m 431.75 449.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 449.35 m 483.75 449.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 449.35 m 535.75 449.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 449.35 m 567.75 449.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 437.35 m 431.75 437.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 425.35 m 431.75 425.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 437.35 m 483.75 437.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 425.35 m 483.75 425.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 437.35 m 535.75 437.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 425.35 m 535.75 425.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 437.35 m 567.75 437.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 425.35 m 567.75 425.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 413.35 m 431.75 413.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 413.35 m 483.75 413.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 413.35 m 535.75 413.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 413.35 m 567.75 413.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 401.35 m 431.75 401.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 401.35 m 483.75 401.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 401.35 m 535.75 401.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 401.35 m 567.75 401.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 377.35 m 431.75 377.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 377.35 m 483.75 377.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 377.35 m 535.75 377.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 377.35 m 567.75 377.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 365.35 m 431.75 365.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 365.35 m 483.75 365.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 365.35 m 535.75 365.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 365.35 m 567.75 365.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 353.35 m 431.75 353.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 341.35 m 431.75 341.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 353.35 m 483.75 353.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 341.35 m 483.75 341.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 353.35 m 535.75 353.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 341.35 m 535.75 341.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 353.35 m 567.75 353.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 341.35 m 567.75 341.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 329.35 m 431.75 329.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 329.35 m 483.75 329.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 329.35 m 535.75 329.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 329.35 m 567.75 329.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 317.75 317.35 m 431.75 317.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 431.75 317.35 m 483.75 317.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 483.75 317.35 m 535.75 317.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 535.75 317.35 m 567.75 317.35 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 320.25 690.13 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 453.55 704.35 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 441.10 697.35 Td (March 31,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 449.45 690.35 Td (2020) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 505.90 704.35 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 487.25 697.35 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 501.45 690.35 Td (2019) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.40 690.35 Td (Change) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 678.75 Td (Common Equity T) Tj ET Q q 0 0 0 rg BT 380.07 678.75 Td (ier 1 capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 666.75 Td (Common stock and surplus) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 666.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.35 666.35 Td (3,727) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 666.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 515.35 666.35 Td (5,228) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 666.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 545.05 666.35 Td (\(1,501) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 564.90 666.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 654.75 Td (Retained earnings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 459.45 654.35 Td (71,718) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 511.45 654.35 Td (70,589) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 547.35 654.35 Td (1,129) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 642.75 Td (AOCI) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.35 642.35 Td (2,095) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 513.05 642.35 Td (\(2,788) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.90 642.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 547.35 642.35 Td (4,883) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 630.75 Td (Regulatory adjustments and deductions:) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 329.25 618.75 Td (Net goodwill) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 461.05 618.35 Td (\(7,058) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 480.90 618.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 513.05 618.35 Td (\(7,081) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.90 618.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 557.10 618.35 Td (23) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 329.25 606.75 Td (Net intangible assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 461.05 606.35 Td (\(1,924) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 480.90 606.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 513.05 606.35 Td (\(2,012) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.90 606.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 557.10 606.35 Td (88) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 329.25 594.35 Td (Other adjustments and ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 333.75 587.35 Td (deductions) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 367.61 590.69 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 461.05 587.35 Td (\(3,363) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 480.90 587.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 521.20 587.35 Td (815) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 545.05 587.35 Td (\(4,178) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 564.90 587.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 575.75 Td (T) Tj ET Q q 0 0 0 rg BT 324.27 575.75 Td (otal Common Equity T) Tj ET Q q 0 0 0 rg BT 398.22 575.75 Td (ier 1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 568.75 Td (capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 568.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 459.45 568.35 Td (65,195) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 568.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 511.45 568.35 Td (64,751) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 568.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 553.20 568.35 Td (444) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 556.75 Td (Additional T) Tj ET Q q 0 0 0 rg BT 360.62 556.75 Td (ier 1 capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 544.75 Td (Preferred stock) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 544.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.35 544.35 Td (8,520) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 544.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 515.35 544.35 Td (8,520) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 544.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 557.90 544.35 Td (—) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 532.75 Td (Noncontrolling interests) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 469.20 532.35 Td (536) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 521.20 532.35 Td (607) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 554.75 532.35 Td (\(71) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 564.90 532.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 520.75 Td (Additional ) Tj ET Q q 0 0 0 rg BT 352.88 520.75 Td (T) Tj ET Q q 0 0 0 rg BT 356.96 520.75 Td (ier 1 capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 520.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.35 520.35 Td (9,056) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 520.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 515.35 520.35 Td (9,127) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 520.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 554.75 520.35 Td (\(71) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 564.90 520.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 508.75 Td (Deduction for investments in) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 501.75 Td (covered funds) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 466.85 501.35 Td (\(355) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 480.90 501.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.85 501.35 Td (\(435) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.90 501.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 557.10 501.35 Td (80) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 489.75 Td (T) Tj ET Q q 0 0 0 rg BT 324.27 489.75 Td (otal T) Tj ET Q q 0 0 0 rg BT 342.61 489.75 Td (ier 1 capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 489.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 459.45 489.35 Td (73,896) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 489.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 511.45 489.35 Td (73,443) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 489.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 553.20 489.35 Td (453) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 477.75 Td (Standardized T) Tj ET Q q 0 0 0 rg BT 370.36 477.75 Td (ier 2 capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 465.75 Td (Subordinated debt) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 465.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.35 465.35 Td (9,090) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 465.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 515.35 465.35 Td (8,538) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 465.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 553.20 465.35 Td (552) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 453.75 Td (Noncontrolling interests) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 469.20 453.35 Td (126) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 521.20 453.35 Td (143) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 554.75 453.35 Td (\(17) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 564.90 453.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 441.75 Td (Eligible allowance for credit losses) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.35 441.35 Td (1,013) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 521.20 441.35 Td (590) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 553.20 441.35 Td (423) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 429.75 Td (Other adjustments and deductions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 474.65 429.35 Td (\(4) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 480.90 429.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 526.65 429.35 Td (\(6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.90 429.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 561.00 429.35 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 417.75 Td (T) Tj ET Q q 0 0 0 rg BT 324.01 417.75 Td (otal Standardized T) Tj ET Q q 0 0 0 rg BT 388.44 417.75 Td (ier 2 capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 417.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 459.45 417.35 Td (10,225) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 417.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 515.35 417.35 Td (9,265) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 417.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 553.20 417.35 Td (960) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 405.75 Td (T) Tj ET Q q 0 0 0 rg BT 324.27 405.75 Td (otal Standardized capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 405.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 459.45 405.35 Td (84,121) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 405.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 511.45 405.35 Td (82,708) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 405.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 547.35 405.35 Td (1,413) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 393.75 Td (Advanced T) Tj ET Q q 0 0 0 rg BT 359.86 393.75 Td (ier 2 capital) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 381.75 Td (Subordinated debt) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 381.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.35 381.35 Td (9,090) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 381.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 515.35 381.35 Td (8,538) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 381.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 553.20 381.35 Td (552) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 369.75 Td (Noncontrolling interests) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 469.20 369.35 Td (126) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 521.20 369.35 Td (143) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 554.75 369.35 Td (\(17) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 564.90 369.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 357.75 Td (Eligible credit reserves) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 469.20 357.35 Td (739) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 521.20 357.35 Td (305) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 553.20 357.35 Td (434) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 320.25 345.75 Td (Other adjustments and deductions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 474.65 345.35 Td (\(4) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 480.90 345.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 526.65 345.35 Td (\(6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.90 345.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 561.00 345.35 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 333.75 Td (T) Tj ET Q q 0 0 0 rg BT 324.27 333.75 Td (otal ) Tj ET Q q 0 0 0 rg BT 338.27 333.75 Td (Advanced T) Tj ET Q q 0 0 0 rg BT 377.75 333.75 Td (ier 2 capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 333.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.35 333.35 Td (9,951) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 333.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 515.35 333.35 Td (8,980) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 333.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 553.20 333.35 Td (971) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 320.25 321.75 Td (T) Tj ET Q q 0 0 0 rg BT 324.01 321.75 Td (otal ) Tj ET Q q 0 0 0 rg BT 338.14 321.75 Td (Advanced capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 434.25 321.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 459.45 321.35 Td (83,847) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.25 321.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 511.45 321.35 Td (82,423) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 538.25 321.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 547.35 321.35 Td (1,424) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.00 Tf ET q 0 0 0 rg BT 317.25 310.65 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 317.25 302.85 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 302.85 Td (Other ) Tj ET Q q 0 0 0 rg BT 344.50 302.85 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 381.55 302.85 Td (and ) Tj ET Q q 0 0 0 rg BT 394.39 302.85 Td (deductions ) Tj ET Q q 0 0 0 rg BT 427.83 302.85 Td (used ) Tj ET Q q 0 0 0 rg BT 443.92 302.85 Td (in ) Tj ET Q q 0 0 0 rg BT 450.98 302.85 Td (the ) Tj ET Q q 0 0 0 rg BT 462.01 302.85 Td (calculation ) Tj ET Q q 0 0 0 rg BT 494.72 302.85 Td (of ) Tj ET Q q 0 0 0 rg BT 502.14 302.85 Td (Common ) Tj ET Q q 0 0 0 rg BT 530.51 302.85 Td (Equity ) Tj ET Q q 0 0 0 rg BT 550.44 302.85 Td (T) Tj ET Q q 0 0 0 rg BT 554.17 302.85 Td (ier ) Tj ET Q q 0 0 0 rg BT 563.39 302.85 Td (1 ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 295.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 346.84 295.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 373.19 295.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 398.84 295.05 Td (net ) Tj ET Q q 0 0 0 rg BT 409.67 295.05 Td (after-tax ) Tj ET Q q 0 0 0 rg BT 435.31 295.05 Td (DV) Tj ET Q q 0 0 0 rg BT 443.86 295.05 Td (A, ) Tj ET Q q 0 0 0 rg BT 451.80 295.05 Td (the ) Tj ET Q q 0 0 0 rg BT 462.63 295.05 Td (credit ) Tj ET Q q 0 0 0 rg BT 480.33 295.05 Td (spread ) Tj ET Q q 0 0 0 rg BT 502.00 295.05 Td (premium ) Tj ET Q q 0 0 0 rg BT 529.08 295.05 Td (over ) Tj ET Q q 0 0 0 rg BT 543.52 295.05 Td (risk-free ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 287.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 338.78 287.25 Td (for ) Tj ET Q q 0 0 0 rg BT 347.70 287.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 376.85 287.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 404.56 287.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 427.22 287.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 448.07 287.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 472.17 287.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 485.80 287.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 507.72 287.25 Td (after-tax ) Tj ET Q q 0 0 0 rg BT 532.90 287.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 546.52 287.25 Td (on ) Tj ET Q q 0 0 0 rg BT 555.08 287.25 Td (sale ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 279.45 Td (from ) Tj ET Q q 0 0 0 rg BT 341.00 279.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 361.54 279.45 Td (sold ) Tj ET Q q 0 0 0 rg BT 375.22 279.45 Td (into ) Tj ET Q q 0 0 0 rg BT 387.45 279.45 Td (securitizations, ) Tj ET Q q 0 0 0 rg BT 432.20 279.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 468.63 279.45 Td (in ) Tj ET Q q 0 0 0 rg BT 475.44 279.45 Td (our ) Tj ET Q q 0 0 0 rg BT 486.59 279.45 Td (own ) Tj ET Q q 0 0 0 rg BT 500.27 279.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 520.81 279.45 Td (instruments ) Tj ET Q q 0 0 0 rg BT 556.16 279.45 Td (and ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 326.25 271.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 347.57 271.65 Td (deferred ) Tj ET Q q 0 0 0 rg BT 373.58 271.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 384.06 271.65 Td (assets.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I44 Do Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 768.2333984375 m 113.9521484375 768.2333984375 l s q 0 0 1 rg BT 43.00 769.57 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 769.57 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 12.00 Tf ET q 0 0 0 rg BT 43.00 751.27 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 751.27 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 751.27 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.50 38.46 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 38.46 Td (March 2020 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 45.00 722.85 Td (R) Tj ET Q q 0 0 0 rg BT 50.98 722.85 Td (W) Tj ET Q q 0 0 0 rg BT 58.54 722.85 Td (A) Tj ET Q q 0 0 0 rg BT 64.36 722.85 Td ( Rollforward) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 693.35 m 234.5 693.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 693.35 m 294.5 693.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 681.35 m 174.5 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 681.35 m 234.5 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 681.35 m 294.5 681.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 657.35 m 174.5 657.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 657.35 m 234.5 657.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 657.35 m 294.5 657.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 633.35 m 174.5 633.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 633.35 m 234.5 633.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 633.35 m 294.5 633.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 621.35 m 174.5 621.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 621.35 m 234.5 621.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 621.35 m 294.5 621.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 609.35 m 174.5 609.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 609.35 m 234.5 609.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 609.35 m 294.5 609.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 597.35 m 174.5 597.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 597.35 m 234.5 597.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 597.35 m 294.5 597.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 585.35 m 174.5 585.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 585.35 m 234.5 585.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 585.35 m 294.5 585.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 573.35 m 174.5 573.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 573.35 m 234.5 573.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 573.35 m 294.5 573.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 561.35 m 174.5 561.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 561.35 m 234.5 561.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 561.35 m 294.5 561.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 549.35 m 174.5 549.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 549.35 m 234.5 549.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 549.35 m 294.5 549.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 537.35 m 174.5 537.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 537.35 m 234.5 537.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 537.35 m 294.5 537.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 537.35 m 174.5 537.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 525.35 m 174.5 525.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 525.35 m 234.5 525.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 525.35 m 294.5 525.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 501.35 m 174.5 501.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 501.35 m 234.5 501.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 501.35 m 294.5 501.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 477.35 m 174.5 477.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 477.35 m 234.5 477.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 477.35 m 294.5 477.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 465.35 m 174.5 465.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 465.35 m 234.5 465.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 465.35 m 294.5 465.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 453.35 m 174.5 453.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 453.35 m 234.5 453.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 453.35 m 294.5 453.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 441.35 m 174.5 441.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 441.35 m 234.5 441.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 441.35 m 294.5 441.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 417.35 m 174.5 417.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 417.35 m 234.5 417.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 417.35 m 294.5 417.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 405.35 m 174.5 405.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 405.35 m 234.5 405.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 405.35 m 294.5 405.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 393.35 m 174.5 393.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 393.35 m 234.5 393.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 393.35 m 294.5 393.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 393.35 m 174.5 393.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 381.35 m 174.5 381.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 381.35 m 234.5 381.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 381.35 m 294.5 381.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 357.35 m 174.5 357.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 357.35 m 234.5 357.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 357.35 m 294.5 357.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 345.35 m 174.5 345.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 345.35 m 234.5 345.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 345.35 m 294.5 345.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 345.35 m 174.5 345.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 333.35 m 174.5 333.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 174.5 333.35 m 234.5 333.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234.5 333.35 m 294.5 333.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 45.5 321.35 m 174.5 321.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 321.35 m 234.5 321.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 321.35 m 294.5 321.35 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 697.35 Td ( ) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 199.35 704.35 Td (Three Months Ended) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 209.05 697.35 Td (March 31, 2020) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 48.00 685.13 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 183.35 685.35 Td (Standardized) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 248.40 685.35 Td (Advanced) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 673.75 Td (Credit risk R) Tj ET Q q 0 0 0 rg BT 89.56 673.75 Td (W) Tj ET Q q 0 0 0 rg BT 95.91 673.75 Td (A) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 661.75 Td (Balance at December 31, 2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 177.00 661.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 206.30 661.35 Td (342,684) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 237.00 661.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 661.35 Td (228,927) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 649.75 Td (Change related to the following items:) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 637.75 Td (Derivatives) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 210.20 637.35 Td (12,902) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 270.20 637.35 Td (31,104) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 625.75 Td (Securities financing transactions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 207.90 625.35 Td (\(13,755) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 231.65 625.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 279.95 625.35 Td (837) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 613.75 Td (Securitizations) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 217.60 613.35 Td (\(768) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 231.65 613.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 277.60 613.35 Td (\(600) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 291.65 613.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 601.75 Td (Investment securities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 214.10 601.35 Td (1,626) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 601.35 Td (2,559) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 589.75 Td (Commitments, guarantees and loans) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 210.20 589.35 Td (1) Tj ET Q q 0 0 0 rg BT 214.09 589.35 Td (1,162) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 589.35 Td (3,652) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 577.75 Td (Cash) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.95 577.35 Td (919) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 279.95 577.35 Td (591) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 565.75 Td (Equity investments) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.95 565.35 Td (953) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 565.35 Td (1,003) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 553.35 Td (Other credit risk) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 103.40 556.69 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 214.10 553.35 Td (4,652) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 553.35 Td (4,925) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 541.75 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 541.75 Td (otal change in credit risk R) Tj ET Q q 0 0 0 rg BT 133.92 541.75 Td (W) Tj ET Q q 0 0 0 rg BT 140.33 541.75 Td (A) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 177.00 541.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 210.20 541.35 Td (17,691) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.00 541.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 270.20 541.35 Td (44,071) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 529.75 Td (Balance at March 31, 2020) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 177.00 529.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 206.30 529.35 Td (360,375) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.00 529.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 266.30 529.35 Td (272,998) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 517.75 Td (Market risk R) Tj ET Q q 0 0 0 rg BT 91.90 517.75 Td (W) Tj ET Q q 0 0 0 rg BT 98.25 517.75 Td (A) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 505.75 Td (Balance at December 31, 2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 177.00 505.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 210.20 505.35 Td (51,493) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 237.00 505.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.20 505.35 Td (51,597) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 493.75 Td (Change related to the following items:) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 481.75 Td (Regulatory V) Tj ET Q q 0 0 0 rg BT 94.21 481.75 Td (aR) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 214.10 481.35 Td (1,971) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 481.35 Td (1,971) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 469.75 Td (Regulatory stressed V) Tj ET Q q 0 0 0 rg BT 122.61 469.75 Td (aR) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.95 469.35 Td (287) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 279.95 469.35 Td (287) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 457.75 Td (Incremental risk charge) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 214.10 457.35 Td (1,737) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 457.35 Td (1,737) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 445.75 Td (Comprehensive risk measure) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.95 445.35 Td (216) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 279.95 445.35 Td (1) Tj ET Q q 0 0 0 rg BT 283.84 445.35 Td (12) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 54.00 433.75 Td (Specific risk:) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 61.50 421.75 Td (Non-securitization) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 214.10 421.35 Td (2,034) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 421.35 Td (2,034) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 61.50 409.75 Td (Securitization) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 211.80 409.35 Td (\(3,1) Tj ET Q q 0 0 0 rg BT 223.86 409.35 Td (1) Tj ET Q q 0 0 0 rg BT 227.76 409.35 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 231.65 409.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 271.80 409.35 Td (\(3,1) Tj ET Q q 0 0 0 rg BT 283.86 409.35 Td (1) Tj ET Q q 0 0 0 rg BT 287.76 409.35 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 291.65 409.35 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 397.75 Td (T) Tj ET Q q 0 0 0 rg BT 51.89 397.75 Td (otal change in market risk R) Tj ET Q q 0 0 0 rg BT 138.19 397.75 Td (W) Tj ET Q q 0 0 0 rg BT 144.61 397.75 Td (A) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 177.00 397.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 214.10 397.35 Td (3,134) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.00 397.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.10 397.35 Td (3,030) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 385.75 Td (Balance at March 31, 2020) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 177.00 385.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 210.20 385.35 Td (54,627) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.00 385.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 270.20 385.35 Td (54,627) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 373.75 Td (Operational risk R) Tj ET Q q 0 0 0 rg BT 108.23 373.75 Td (W) Tj ET Q q 0 0 0 rg BT 114.58 373.75 Td (A) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 361.75 Td (Balance at December 31, 2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 219.70 361.35 Td (N/A) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 237.00 361.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.30 361.35 Td (101,972) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 48.00 349.75 Td (Change in operational risk R) Tj ET Q q 0 0 0 rg BT 136.20 349.75 Td (W) Tj ET Q q 0 0 0 rg BT 142.55 349.75 Td (A) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.20 349.35 Td (N/A) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 271.80 349.35 Td (\(1,815) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 291.65 349.35 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 337.75 Td (Balance at March 31, 2020) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.20 337.35 Td (N/A) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.00 337.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 266.30 337.35 Td (100,157) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 48.00 325.75 Td (T) Tj ET Q q 0 0 0 rg BT 51.76 325.75 Td (otal R) Tj ET Q q 0 0 0 rg BT 71.07 325.75 Td (W) Tj ET Q q 0 0 0 rg BT 77.30 325.75 Td (A) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 177.00 325.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 206.30 325.35 Td (415,002) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.00 325.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 266.30 325.35 Td (427,782) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.00 Tf ET q 0 0 0 rg BT 45.00 314.65 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 306.85 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 78.24 306.85 Td (V) Tj ET Q q 0 0 0 rg BT 82.09 306.85 Td (aR—V) Tj ET Q q 0 0 0 rg BT 100.76 306.85 Td (aR ) Tj ET Q q 0 0 0 rg BT 110.87 306.85 Td (for ) Tj ET Q q 0 0 0 rg BT 120.27 306.85 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 150.98 306.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 171.57 306.85 Td (requirements) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 45.00 291.25 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 291.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 81.05 291.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 100.15 291.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 120.34 291.25 Td (not ) Tj ET Q q 0 0 0 rg BT 130.78 291.25 Td (in ) Tj ET Q q 0 0 0 rg BT 137.24 291.25 Td (a ) Tj ET Q q 0 0 0 rg BT 142.25 291.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 164.98 291.25 Td (category) Tj ET Q q 0 0 0 rg BT 189.43 291.25 Td (, ) Tj ET Q q 0 0 0 rg BT 192.64 291.25 Td (non-material ) Tj ET Q q 0 0 0 rg BT 230.17 291.25 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 257.94 291.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.77 291.25 Td (exposures ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 283.45 Td (and ) Tj ET Q q 0 0 0 rg BT 66.65 283.45 Td (unsettled ) Tj ET Q q 0 0 0 rg BT 94.84 283.45 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 133.50 283.45 Td (as ) Tj ET Q q 0 0 0 rg BT 142.17 283.45 Td (applicable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 261.45 Td (Credit ) Tj ET Q q 0 0 0 rg BT 72.15 261.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 89.29 261.45 Td (R) Tj ET Q q 0 0 0 rg BT 95.41 261.45 Td (W) Tj ET Q q 0 0 0 rg BT 103.74 261.45 Td (A) Tj ET Q q 0 0 0 rg BT 110.41 261.45 Td ( ) Tj ET Q q 0 0 0 rg BT 112.56 261.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 152.47 261.45 Td (in ) Tj ET Q q 0 0 0 rg BT 162.40 261.45 Td (the ) Tj ET Q q 0 0 0 rg BT 176.76 261.45 Td (current ) Tj ET Q q 0 0 0 rg BT 207.23 261.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 237.69 261.45 Td (under ) Tj ET Q q 0 0 0 rg BT 262.61 261.45 Td (both ) Tj ET Q q 0 0 0 rg BT 282.54 261.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 249.45 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 102.37 249.45 Td (and ) Tj ET Q q 0 0 0 rg BT 120.83 249.45 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 165.40 249.45 Td (Approaches ) Tj ET Q q 0 0 0 rg BT 218.33 249.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 260.70 249.45 Td (from ) Tj ET Q q 0 0 0 rg BT 285.31 249.45 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 237.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 79.44 237.45 Td (in: ) Tj ET Q q 0 0 0 rg BT 91.67 237.45 Td (i\) ) Tj ET Q q 0 0 0 rg BT 99.46 237.45 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 147.24 237.45 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 187.52 237.45 Td (driven ) Tj ET Q q 0 0 0 rg BT 214.75 237.45 Td (by ) Tj ET Q q 0 0 0 rg BT 226.43 237.45 Td (market ) Tj ET Q q 0 0 0 rg BT 255.87 237.45 Td (volatility; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 225.45 Td (ii\) ) Tj ET Q q 0 0 0 rg BT 56.78 225.45 Td (Commitments, ) Tj ET Q q 0 0 0 rg BT 118.85 225.45 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 164.49 225.45 Td (and ) Tj ET Q q 0 0 0 rg BT 181.83 225.45 Td (loans, ) Tj ET Q q 0 0 0 rg BT 208.33 225.45 Td (driven ) Tj ET Q q 0 0 0 rg BT 236.77 225.45 Td (by ) Tj ET Q q 0 0 0 rg BT 249.67 225.45 Td (an ) Tj ET Q q 0 0 0 rg BT 262.00 225.45 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 213.45 Td (in ) Tj ET Q q 0 0 0 rg BT 58.38 213.45 Td (commitments ) Tj ET Q q 0 0 0 rg BT 118.42 213.45 Td (funded ) Tj ET Q q 0 0 0 rg BT 151.79 213.45 Td (during ) Tj ET Q q 0 0 0 rg BT 183.50 213.45 Td (the ) Tj ET Q q 0 0 0 rg BT 201.32 213.45 Td (current ) Tj ET Q q 0 0 0 rg BT 235.24 213.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 269.15 213.45 Td (in ) Tj ET Q q 0 0 0 rg BT 282.53 213.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 201.45 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 96.24 201.45 Td (Securities ) Tj ET Q q 0 0 0 rg BT 138.58 201.45 Td (business ) Tj ET Q q 0 0 0 rg BT 175.38 201.45 Td (segment; ) Tj ET Q q 0 0 0 rg BT 214.39 201.45 Td (and ) Tj ET Q q 0 0 0 rg BT 231.74 201.45 Td (iii\) ) Tj ET Q q 0 0 0 rg BT 246.31 201.45 Td (Other ) Tj ET Q q 0 0 0 rg BT 271.98 201.45 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 189.45 Td (risk, ) Tj ET Q q 0 0 0 rg BT 65.07 189.45 Td (driven ) Tj ET Q q 0 0 0 rg BT 93.19 189.45 Td (by ) Tj ET Q q 0 0 0 rg BT 105.77 189.45 Td (an ) Tj ET Q q 0 0 0 rg BT 117.78 189.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 153.11 189.45 Td (in ) Tj ET Q q 0 0 0 rg BT 163.46 189.45 Td (unsettled ) Tj ET Q q 0 0 0 rg BT 202.13 189.45 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 254.97 189.45 Td (Under ) Tj ET Q q 0 0 0 rg BT 282.53 189.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 177.45 Td (Advanced ) Tj ET Q q 0 0 0 rg BT 87.02 177.45 Td (Approach, ) Tj ET Q q 0 0 0 rg BT 130.85 177.45 Td (the ) Tj ET Q q 0 0 0 rg BT 144.98 177.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 184.63 177.45 Td (exposure ) Tj ET Q q 0 0 0 rg BT 222.64 177.45 Td (in ) Tj ET Q q 0 0 0 rg BT 232.32 177.45 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 280.32 177.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 165.45 Td (widening ) T