%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 137.30 729.70 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 198.00 729.70 Td (A) Tj ET Q q 0 0 0 rg BT 205.33 729.70 Td (TES SECURITIES ) Tj ET Q q 0 0 0 rg BT 300.01 729.70 Td (AND EXCHANGE COMMISSION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.50 717.70 Td (W) Tj ET Q q 0 0 0 rg BT 265.14 717.70 Td (ashington, D.C. 20549) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 275.15 697.30 Td (FORM ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 312.16 697.30 Td (10-Q) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 336.83 697.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.85 679.30 Td (QUAR) Tj ET Q q 0 0 0 rg BT 93.58 679.30 Td (TERL) Tj ET Q q 0 0 0 rg BT 117.58 679.30 Td (Y) Tj ET Q q 0 0 0 rg BT 124.43 679.30 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 158.56 679.30 Td (T) Tj ET Q q 0 0 0 rg BT 164.49 679.30 Td ( PURSUANT) Tj ET Q q 0 0 0 rg BT 219.60 679.30 Td ( ) Tj ET Q q 0 0 0 rg BT 221.91 679.30 Td (T) Tj ET Q q 0 0 0 rg BT 227.84 679.30 Td (O SECTION 13 OR 15\(d\) OF ) Tj ET Q q 0 0 0 rg BT 350.44 679.30 Td (THE SECURITIES EXCHANGE ) Tj ET Q q 0 0 0 rg BT 488.49 679.30 Td (ACT) Tj ET Q q 0 0 0 rg BT 508.31 679.30 Td ( OF 1934) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 193.65 658.90 Td (For the quarterly period ended ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 348.65 658.90 Td (June 30, 2019) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 418.32 658.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.30 640.90 Td (Commission File Number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.69 640.90 Td (1-1) Tj ET Q q 0 0 0 rg BT 355.65 640.90 Td (1758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 640.90 Td ( ) Tj ET Q /GS0 gs q 128.00 0 0 18.00 242.00 607.90 cm /I1 Do Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.10 594.30 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 45.00 591.90 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 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 45.5 348.4 m 378.5 348.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 348.4 m 378.5 348.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 348.4 m 438.5 348.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 348.4 m 567.5 348.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 327.4 m 378.5 327.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 327.4 m 438.5 327.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 327.4 m 567.5 327.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 316.4 m 378.5 316.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 305.4 m 378.5 305.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 316.4 m 438.5 316.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 305.4 m 438.5 305.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 316.4 m 567.5 316.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 305.4 m 567.5 305.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 45.5 294.4 m 378.5 294.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 378.5 294.4 m 438.5 294.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 294.4 m 567.5 294.4 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 6.625%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.95 394.65 Td (MS/PG) 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 G, $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 397.55 373.65 Td (MS/PI) 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 I, $0.01 par value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 361.40 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 395.95 352.65 Td (MS/PK) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 352.65 Td (New ) Tj ET Q q 0 0 0 rg BT 476.31 352.65 Td (Y) Tj ET Q q 0 0 0 rg BT 481.54 352.65 Td (ork Stock Exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 351.35 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 48.00 340.40 Td (Global Medium-T) Tj ET Q q 0 0 0 rg BT 106.15 340.40 Td (erm Notes, Series ) Tj ET Q q 0 0 0 rg BT 164.31 340.40 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 394.40 331.65 Td (MS/26C) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.35 331.65 Td (New ) Tj ET Q q 0 0 0 rg BT 476.31 331.65 Td (Y) Tj ET Q q 0 0 0 rg BT 481.54 331.65 Td (ork Stock Exchange) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 330.35 Td (of Mor) Tj ET Q q 0 0 0 rg BT 76.30 330.35 Td (gan Stanley Finance LLC \(and Registrant’) Tj ET Q q 0 0 0 rg BT 211.60 330.35 Td (s guarantee with respect thereto\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 319.35 Td (Market ) Tj ET Q q 0 0 0 rg BT 73.03 319.35 Td (V) Tj ET Q q 0 0 0 rg BT 78.29 319.35 Td (ectors ETNs due March 31, 2020 \(two issuances\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.20 319.35 Td (URR/DDR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.35 319.35 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 498.02 319.35 Td (Arca, Inc.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 308.35 Td (Market ) Tj ET Q q 0 0 0 rg BT 72.96 308.35 Td (V) Tj ET Q q 0 0 0 rg BT 77.85 308.35 Td (ectors ETNs due ) Tj ET Q q 0 0 0 rg BT 132.72 308.35 Td (April 30, 2020 \(two issuances\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.55 308.35 Td (CNY/INR) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.35 308.35 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 498.02 308.35 Td (Arca, Inc.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 297.35 Td (Mor) Tj ET Q q 0 0 0 rg BT 61.63 297.35 Td (gan Stanley Cushing® MLP) Tj ET Q q 0 0 0 rg BT 152.08 297.35 Td ( High Income Index ETNs due March 21, 2031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.00 297.35 Td (MLPY) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.35 297.35 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 497.80 297.35 Td (Arca, Inc.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 273.90 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 79.85 273.90 Td (by ) Tj ET Q q 0 0 0 rg BT 92.49 273.90 Td (check ) Tj ET Q q 0 0 0 rg BT 118.45 273.90 Td (mark ) Tj ET Q q 0 0 0 rg BT 141.64 273.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 176.49 273.90 Td (the ) Tj ET Q q 0 0 0 rg BT 191.35 273.90 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 235.10 273.90 Td (\(1\) has ) Tj ET Q q 0 0 0 rg BT 265.23 273.90 Td (filed ) Tj ET Q q 0 0 0 rg BT 286.20 273.90 Td (all ) Tj ET Q q 0 0 0 rg BT 298.84 273.90 Td (reports ) Tj ET Q q 0 0 0 rg BT 329.26 273.90 Td (required ) Tj ET Q q 0 0 0 rg BT 365.21 273.90 Td (to ) Tj ET Q q 0 0 0 rg BT 375.64 273.90 Td (be ) Tj ET Q q 0 0 0 rg BT 387.72 273.90 Td (filed ) Tj ET Q q 0 0 0 rg BT 408.69 273.90 Td (by ) Tj ET Q q 0 0 0 rg BT 421.33 273.90 Td (Section 13 ) Tj ET Q q 0 0 0 rg BT 466.47 273.90 Td (or ) Tj ET Q q 0 0 0 rg BT 477.45 273.90 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 501.75 273.90 Td (of ) Tj ET Q q 0 0 0 rg BT 512.72 273.90 Td (the ) Tj ET Q q 0 0 0 rg BT 527.59 273.90 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 261.90 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 85.76 261.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 101.92 261.90 Td (of ) Tj ET Q q 0 0 0 rg BT 111.97 261.90 Td (1934 ) Tj ET Q q 0 0 0 rg BT 133.69 261.90 Td (during ) Tj ET Q q 0 0 0 rg BT 161.52 261.90 Td (the ) Tj ET Q q 0 0 0 rg BT 175.45 261.90 Td (preceding ) Tj ET Q q 0 0 0 rg BT 216.59 261.90 Td (12 ) Tj ET Q q 0 0 0 rg BT 228.31 261.90 Td (months ) Tj ET Q q 0 0 0 rg BT 259.48 261.90 Td (\(or ) Tj ET Q q 0 0 0 rg BT 272.86 261.90 Td (for ) Tj ET Q q 0 0 0 rg BT 286.24 261.90 Td (such ) Tj ET Q q 0 0 0 rg BT 306.29 261.90 Td (shorter ) Tj ET Q q 0 0 0 rg BT 335.77 261.90 Td (period ) Tj ET Q q 0 0 0 rg BT 363.04 261.90 Td (that ) Tj ET Q q 0 0 0 rg BT 379.75 261.90 Td (the ) Tj ET Q q 0 0 0 rg BT 393.69 261.90 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 436.51 261.90 Td (was ) Tj ET Q q 0 0 0 rg BT 453.78 261.90 Td (required ) Tj ET Q q 0 0 0 rg BT 488.81 261.90 Td (to ) Tj ET Q q 0 0 0 rg BT 498.31 261.90 Td (file ) Tj ET Q q 0 0 0 rg BT 513.36 261.90 Td (such ) Tj ET Q q 0 0 0 rg BT 533.40 261.90 Td (reports\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 248.70 Td (and ) Tj ET Q q 0 0 0 rg BT 61.94 248.70 Td (\(2\) has ) Tj ET Q q 0 0 0 rg BT 91.93 248.70 Td (been ) Tj ET Q q 0 0 0 rg BT 113.31 248.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 144.13 248.70 Td (to ) Tj ET Q q 0 0 0 rg BT 154.41 248.70 Td (such ) Tj ET Q q 0 0 0 rg BT 175.24 248.70 Td (filing ) Tj ET Q q 0 0 0 rg BT 199.40 248.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 254.11 248.70 Td (for ) Tj ET Q q 0 0 0 rg BT 268.27 248.70 Td (the ) Tj ET Q q 0 0 0 rg BT 282.98 248.70 Td (past ) Tj ET Q q 0 0 0 rg BT 301.59 248.70 Td (90 ) Tj ET Q q 0 0 0 rg BT 314.09 248.70 Td (days.    ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.55 248.70 Td (Y) Tj ET Q q 0 0 0 rg BT 350.77 248.70 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.10 248.70 Td ( ) Tj ET Q q 0 0 0 rg BT 361.60 248.70 Td ( ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 364.10 246.39 cm /I2 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.17 248.70 Td (     No  ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 401.90 246.39 cm /I3 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 227.70 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 80.37 227.70 Td (by ) Tj ET Q q 0 0 0 rg BT 93.54 227.70 Td (check ) Tj ET Q q 0 0 0 rg BT 120.02 227.70 Td (mark ) Tj ET Q q 0 0 0 rg BT 143.74 227.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 179.11 227.70 Td (the ) Tj ET Q q 0 0 0 rg BT 194.50 227.70 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 238.77 227.70 Td (has ) Tj ET Q q 0 0 0 rg BT 255.27 227.70 Td (submitted ) Tj ET Q q 0 0 0 rg BT 297.88 227.70 Td (electronically ) Tj ET Q q 0 0 0 rg BT 355.46 227.70 Td (every ) Tj ET Q q 0 0 0 rg BT 380.83 227.70 Td (Interactive ) Tj ET Q q 0 0 0 rg BT 426.75 227.70 Td (Data ) Tj ET Q q 0 0 0 rg BT 448.80 227.70 Td (File ) Tj ET Q q 0 0 0 rg BT 467.52 227.70 Td (required ) Tj ET Q q 0 0 0 rg BT 504.00 227.70 Td (to ) Tj ET Q q 0 0 0 rg BT 514.95 227.70 Td (be ) Tj ET Q q 0 0 0 rg BT 527.56 227.70 Td (submitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 215.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 81.96 215.70 Td (to ) Tj ET Q q 0 0 0 rg BT 92.25 215.70 Td (Rule ) Tj ET Q q 0 0 0 rg BT 113.65 215.70 Td (405 ) Tj ET Q q 0 0 0 rg BT 131.17 215.70 Td (of ) Tj ET Q q 0 0 0 rg BT 142.02 215.70 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 188.42 215.70 Td (S-T) Tj ET Q q 0 0 0 rg BT 203.24 215.70 Td ( ) Tj ET Q q 0 0 0 rg BT 205.75 215.70 Td (\(§ 232.405 ) Tj ET Q q 0 0 0 rg BT 251.60 215.70 Td (of ) Tj ET Q q 0 0 0 rg BT 262.45 215.70 Td (this ) Tj ET Q q 0 0 0 rg BT 279.41 215.70 Td (chapter\) ) Tj ET Q q 0 0 0 rg BT 314.69 215.70 Td (during ) Tj ET Q q 0 0 0 rg BT 343.31 215.70 Td (the ) Tj ET Q q 0 0 0 rg BT 358.04 215.70 Td (preceding ) Tj ET Q q 0 0 0 rg BT 399.99 215.70 Td (12 ) Tj ET Q q 0 0 0 rg BT 412.50 215.70 Td (months ) Tj ET Q q 0 0 0 rg BT 444.47 215.70 Td (\(or ) Tj ET Q q 0 0 0 rg BT 458.65 215.70 Td (for ) Tj ET Q q 0 0 0 rg BT 472.82 215.70 Td (such ) Tj ET Q q 0 0 0 rg BT 493.67 215.70 Td (shorter ) Tj ET Q q 0 0 0 rg BT 523.96 215.70 Td (period ) Tj ET Q q 0 0 0 rg BT 552.02 215.70 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 202.50 Td (the ) Tj ET Q q 0 0 0 rg BT 59.72 202.50 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 103.32 202.50 Td (was ) Tj ET Q q 0 0 0 rg BT 121.37 202.50 Td (required ) Tj ET Q q 0 0 0 rg BT 157.19 202.50 Td (to ) Tj ET Q q 0 0 0 rg BT 167.47 202.50 Td (submit ) Tj ET Q q 0 0 0 rg BT 197.19 202.50 Td (such ) Tj ET Q q 0 0 0 rg BT 218.02 202.50 Td (files\).    ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.70 202.50 Td (Y) Tj ET Q q 0 0 0 rg BT 256.92 202.50 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.25 202.50 Td (  ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 270.25 200.19 cm /I4 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.32 202.50 Td (    No  ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 305.54 200.19 cm /I5 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 181.50 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 78.79 181.50 Td (by ) Tj ET Q q 0 0 0 rg BT 90.37 181.50 Td (check ) Tj ET Q q 0 0 0 rg BT 115.27 181.50 Td (mark ) Tj ET Q q 0 0 0 rg BT 137.40 181.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 171.19 181.50 Td (the ) Tj ET Q q 0 0 0 rg BT 184.99 181.50 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 227.68 181.50 Td (is ) Tj ET Q q 0 0 0 rg BT 235.93 181.50 Td (a ) Tj ET Q q 0 0 0 rg BT 241.95 181.50 Td (lar) Tj ET Q q 0 0 0 rg BT 252.32 181.50 Td (ge ) Tj ET Q q 0 0 0 rg BT 263.34 181.50 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 309.88 181.50 Td (filer) Tj ET Q q 0 0 0 rg BT 326.13 181.50 Td (, ) Tj ET Q q 0 0 0 rg BT 330.22 181.50 Td (an ) Tj ET Q q 0 0 0 rg BT 341.24 181.50 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 387.78 181.50 Td (filer) Tj ET Q q 0 0 0 rg BT 404.03 181.50 Td (, ) Tj ET Q q 0 0 0 rg BT 408.12 181.50 Td (a ) Tj ET Q q 0 0 0 rg BT 414.14 181.50 Td (non-accelerated ) Tj ET Q q 0 0 0 rg BT 479.01 181.50 Td (filer) Tj ET Q q 0 0 0 rg BT 495.26 181.50 Td (, ) Tj ET Q q 0 0 0 rg BT 499.35 181.50 Td (smaller ) Tj ET Q q 0 0 0 rg BT 530.36 181.50 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 169.50 Td (company) Tj ET Q q 0 0 0 rg BT 81.01 169.50 Td (, ) Tj ET Q q 0 0 0 rg BT 86.51 169.50 Td (or ) Tj ET Q q 0 0 0 rg BT 97.84 169.50 Td (an ) Tj ET Q q 0 0 0 rg BT 110.28 169.50 Td (emer) Tj ET Q q 0 0 0 rg BT 130.09 169.50 Td (ging ) Tj ET Q q 0 0 0 rg BT 150.87 169.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 182.20 169.50 Td (company) Tj ET Q q 0 0 0 rg BT 218.21 169.50 Td (. ) Tj ET Q q 0 0 0 rg BT 223.71 169.50 Td (See ) Tj ET Q q 0 0 0 rg BT 241.15 169.50 Td (the ) Tj ET Q q 0 0 0 rg BT 256.37 169.50 Td (definitions ) Tj ET Q q 0 0 0 rg BT 302.15 169.50 Td (of ) Tj ET Q q 0 0 0 rg BT 313.48 169.50 Td (“lar) Tj ET Q q 0 0 0 rg BT 328.29 169.50 Td (ge ) Tj ET Q q 0 0 0 rg BT 340.73 169.50 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 388.69 169.50 Td (filer) Tj ET Q q 0 0 0 rg BT 404.94 169.50 Td (,” ) Tj ET Q q 0 0 0 rg BT 414.88 169.50 Td (“accelerated ) Tj ET Q q 0 0 0 rg BT 467.28 169.50 Td (filer) Tj ET Q q 0 0 0 rg BT 483.54 169.50 Td (,” ) Tj ET Q q 0 0 0 rg BT 493.48 169.50 Td (“smaller ) Tj ET Q q 0 0 0 rg BT 530.35 169.50 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 157.50 Td (company) Tj ET Q q 0 0 0 rg BT 81.01 157.50 Td (,” ) Tj ET Q q 0 0 0 rg BT 90.44 157.50 Td (and ) Tj ET Q q 0 0 0 rg BT 107.38 157.50 Td (“emer) Tj ET Q q 0 0 0 rg BT 131.63 157.50 Td (ging ) Tj ET Q q 0 0 0 rg BT 151.90 157.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 182.73 157.50 Td (company” ) Tj ET Q q 0 0 0 rg BT 226.33 157.50 Td (in ) Tj ET Q q 0 0 0 rg BT 236.61 157.50 Td (Rule ) Tj ET Q q 0 0 0 rg BT 257.99 157.50 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 283.82 157.50 Td (of ) Tj ET Q q 0 0 0 rg BT 294.65 157.50 Td (the ) Tj ET Q q 0 0 0 rg BT 309.37 157.50 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 350.74 157.50 Td (Act. ) Tj ET Q q 0 0 0 rg BT 370.18 157.50 Td (\(Check ) Tj ET Q q 0 0 0 rg BT 401.56 157.50 Td (one\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 138.95 Td (Lar) Tj ET Q q 0 0 0 rg BT 58.96 138.95 Td (ge accelerated filer) Tj ET Q /GS0 gs q 7.34 0 0 9.38 126.00 135.12 cm /I6 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 155.45 138.95 Td (Accelerated filer) Tj ET Q /GS0 gs q 8.07 0 0 10.32 215.00 134.18 cm /I7 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.25 138.95 Td (Non-accelerated filer) Tj ET Q /GS0 gs q 8.07 0 0 10.32 315.00 134.18 cm /I8 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.45 138.95 Td (Smaller reporting company) Tj ET Q /GS0 gs q 8.07 0 0 10.32 432.00 134.18 cm /I9 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 138.95 Td (Emer) Tj ET Q q 0 0 0 rg BT 477.78 138.95 Td (ging growth company) Tj ET Q /GS0 gs q 8.07 0 0 10.32 554.00 134.18 cm /I10 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 113.50 Td (If ) Tj ET Q q 0 0 0 rg BT 54.41 113.50 Td (an ) Tj ET Q q 0 0 0 rg BT 66.60 113.50 Td (emer) Tj ET Q q 0 0 0 rg BT 86.40 113.50 Td (ging ) Tj ET Q q 0 0 0 rg BT 106.93 113.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 138.01 113.50 Td (company) Tj ET Q q 0 0 0 rg BT 174.01 113.50 Td (, ) Tj ET Q q 0 0 0 rg BT 179.26 113.50 Td (indicate ) Tj ET Q q 0 0 0 rg BT 213.66 113.50 Td (by ) Tj ET Q q 0 0 0 rg BT 226.41 113.50 Td (check ) Tj ET Q q 0 0 0 rg BT 252.48 113.50 Td (mark ) Tj ET Q q 0 0 0 rg BT 275.77 113.50 Td (if ) Tj ET Q q 0 0 0 rg BT 284.63 113.50 Td (the ) Tj ET Q q 0 0 0 rg BT 299.59 113.50 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 343.45 113.50 Td (has ) Tj ET Q q 0 0 0 rg BT 359.53 113.50 Td (elected ) Tj ET Q q 0 0 0 rg BT 390.59 113.50 Td (not ) Tj ET Q q 0 0 0 rg BT 406.11 113.50 Td (to ) Tj ET Q q 0 0 0 rg BT 416.64 113.50 Td (use ) Tj ET Q q 0 0 0 rg BT 432.72 113.50 Td (the ) Tj ET Q q 0 0 0 rg BT 447.69 113.50 Td (extended ) Tj ET Q q 0 0 0 rg BT 486.53 113.50 Td (transition ) Tj ET Q q 0 0 0 rg BT 527.05 113.50 Td (period ) Tj ET Q q 0 0 0 rg BT 555.35 113.50 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 100.30 Td (complying ) Tj ET Q q 0 0 0 rg BT 90.00 100.30 Td (with ) Tj ET Q q 0 0 0 rg BT 110.01 100.30 Td (any ) Tj ET Q q 0 0 0 rg BT 126.68 100.30 Td (new ) Tj ET Q q 0 0 0 rg BT 145.57 100.30 Td (or ) Tj ET Q q 0 0 0 rg BT 156.13 100.30 Td (revised ) Tj ET Q q 0 0 0 rg BT 187.24 100.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.45 100.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 270.55 100.30 Td (standards ) Tj ET Q q 0 0 0 rg BT 310.55 100.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 348.33 100.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 385.00 100.30 Td (to ) Tj ET Q q 0 0 0 rg BT 395.01 100.30 Td (Section 13\(a\) ) Tj ET Q q 0 0 0 rg BT 450.83 100.30 Td (of ) Tj ET Q q 0 0 0 rg BT 461.39 100.30 Td (the ) Tj ET Q q 0 0 0 rg BT 475.84 100.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 517.00 100.30 Td (Act.          ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 558.94 97.99 cm /I11 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 81.10 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 79.43 81.10 Td (by ) Tj ET Q q 0 0 0 rg BT 91.66 81.10 Td (check ) Tj ET Q q 0 0 0 rg BT 117.20 81.10 Td (mark ) Tj ET Q q 0 0 0 rg BT 139.98 81.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 174.41 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.86 81.10 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 232.19 81.10 Td (is ) Tj ET Q q 0 0 0 rg BT 241.09 81.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.75 81.10 Td (shell ) Tj ET Q q 0 0 0 rg BT 268.87 81.10 Td (company ) Tj ET Q q 0 0 0 rg BT 307.75 81.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 321.64 81.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 353.85 81.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.86 81.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 384.97 81.10 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 410.53 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.09 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.53 81.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 476.69 81.10 Td (Act\).    ) Tj ET Q q 0 0 0 rg BT 506.59 81.10 Td (Y) Tj ET Q q 0 0 0 rg BT 512.81 81.10 Td (es  ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 526.14 78.79 cm /I12 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.22 81.10 Td (    No ) Tj ET Q BT /F4 11.00 Tf ET /GS0 gs q 8.07 0 0 11.32 558.94 78.79 cm /I13 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 63.10 Td (As ) Tj ET Q q 0 0 0 rg BT 58.61 63.10 Td (of ) Tj ET Q q 0 0 0 rg BT 69.44 63.10 Td (July ) Tj ET Q q 0 0 0 rg BT 88.61 63.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 103.61 63.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 128.61 63.10 Td (there ) Tj ET Q q 0 0 0 rg BT 151.10 63.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.03 63.10 Td (1,652,767,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.53 63.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.03 63.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 260.52 63.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.35 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.06 63.10 Td (Registrant’) Tj ET Q q 0 0 0 rg BT 329.95 63.10 Td (s ) Tj ET Q q 0 0 0 rg BT 336.34 63.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 376.06 63.10 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 403.84 63.10 Td (par ) Tj ET Q q 0 0 0 rg BT 419.11 63.10 Td (value ) Tj ET Q q 0 0 0 rg BT 443.27 63.10 Td ($0.01 ) Tj ET Q q 0 0 0 rg BT 468.27 63.10 Td (per ) Tj ET Q q 0 0 0 rg BT 483.54 63.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 509.63 63.10 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 304.70 43.30 Td (i) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 720.70 Td (QUAR) Tj ET Q q 0 0 0 rg BT 82.78 720.70 Td (TERL) Tj ET Q q 0 0 0 rg BT 111.57 720.70 Td (Y) Tj ET Q q 0 0 0 rg BT 119.79 720.70 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 160.75 720.70 Td (T) Tj ET Q q 0 0 0 rg BT 167.87 720.70 Td ( ON FORM 10-Q) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 708.70 Td (For ) Tj ET Q q 0 0 0 rg BT 67.00 708.70 Td (the ) Tj ET Q q 0 0 0 rg BT 81.72 708.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 114.22 708.70 Td (ended ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 140.59 708.70 Td (June 30, ) Tj ET Q q 0 0 0 rg BT 176.97 708.70 Td (2019) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 196.97 708.70 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 685.2 m 81 685.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 81 685.2 m 464 685.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 685.2 m 498 685.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 685.2 m 532 685.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 532 685.2 m 567 685.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 673.2 m 81 673.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 673.2 m 464 673.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 673.2 m 498 673.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 673.2 m 532 673.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 673.2 m 567 673.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 661.2 m 81 661.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 661.2 m 464 661.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 661.2 m 498 661.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 661.2 m 532 661.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 661.2 m 567 661.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 649.2 m 81 649.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 649.2 m 464 649.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 649.2 m 498 649.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 649.2 m 532 649.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 649.2 m 567 649.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 637.2 m 81 637.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 637.2 m 464 637.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 637.2 m 498 637.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 637.2 m 532 637.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 637.2 m 567 637.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 625.2 m 81 625.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 625.2 m 464 625.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 625.2 m 498 625.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 625.2 m 532 625.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 625.2 m 567 625.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 613.2 m 81 613.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 613.2 m 464 613.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 613.2 m 498 613.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 613.2 m 532 613.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 613.2 m 567 613.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 601.2 m 81 601.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 601.2 m 464 601.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 601.2 m 498 601.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 601.2 m 532 601.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 601.2 m 567 601.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 589.2 m 81 589.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 589.2 m 464 589.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 589.2 m 498 589.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 589.2 m 532 589.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 589.2 m 567 589.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 577.2 m 81 577.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 577.2 m 464 577.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 577.2 m 498 577.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 577.2 m 532 577.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 577.2 m 567 577.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 565.2 m 81 565.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 565.2 m 464 565.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 565.2 m 498 565.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 565.2 m 532 565.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 565.2 m 567 565.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 553.2 m 81 553.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 553.2 m 464 553.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 553.2 m 498 553.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 553.2 m 532 553.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 553.2 m 567 553.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 541.2 m 81 541.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 541.2 m 464 541.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 541.2 m 498 541.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 541.2 m 532 541.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 541.2 m 567 541.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 529.2 m 81 529.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 529.2 m 464 529.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 529.2 m 498 529.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 529.2 m 532 529.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 529.2 m 567 529.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 517.2 m 81 517.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 517.2 m 464 517.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 517.2 m 498 517.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 517.2 m 532 517.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 517.2 m 567 517.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 505.20000000000005 m 81 505.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 505.20000000000005 m 464 505.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 505.20000000000005 m 498 505.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 505.20000000000005 m 532 505.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 505.20000000000005 m 567 505.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 493.20000000000005 m 81 493.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 493.20000000000005 m 464 493.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 493.20000000000005 m 498 493.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 493.20000000000005 m 532 493.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 493.20000000000005 m 567 493.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 481.20000000000005 m 81 481.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 481.20000000000005 m 464 481.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 481.20000000000005 m 498 481.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 481.20000000000005 m 532 481.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 481.20000000000005 m 567 481.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 469.20000000000005 m 567 469.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 469.20000000000005 m 81 469.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 469.20000000000005 m 464 469.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 469.20000000000005 m 498 469.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 469.20000000000005 m 532 469.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 469.20000000000005 m 567 469.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 457.20000000000005 m 81 457.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 457.20000000000005 m 464 457.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 457.20000000000005 m 498 457.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 457.20000000000005 m 532 457.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 457.20000000000005 m 567 457.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 445.20000000000005 m 81 445.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 445.20000000000005 m 464 445.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 445.20000000000005 m 498 445.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 445.20000000000005 m 532 445.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 445.20000000000005 m 567 445.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 433.20000000000005 m 567 433.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 433.20000000000005 m 81 433.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 433.20000000000005 m 464 433.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 433.20000000000005 m 498 433.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 433.20000000000005 m 532 433.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 433.20000000000005 m 567 433.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 421.20000000000005 m 81 421.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 421.20000000000005 m 464 421.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 421.20000000000005 m 498 421.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 421.20000000000005 m 532 421.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 421.20000000000005 m 567 421.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 409.20000000000005 m 81 409.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 409.20000000000005 m 464 409.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 409.20000000000005 m 498 409.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 409.20000000000005 m 532 409.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 409.20000000000005 m 567 409.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 397.20000000000005 m 81 397.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 397.20000000000005 m 464 397.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 397.20000000000005 m 498 397.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 397.20000000000005 m 532 397.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 397.20000000000005 m 567 397.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 385.20000000000005 m 81 385.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 385.20000000000005 m 464 385.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 385.20000000000005 m 498 385.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 385.20000000000005 m 532 385.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 385.20000000000005 m 567 385.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 373.20000000000005 m 81 373.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 373.20000000000005 m 464 373.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 373.20000000000005 m 498 373.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 373.20000000000005 m 532 373.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 373.20000000000005 m 567 373.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 361.20000000000005 m 81 361.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 361.20000000000005 m 464 361.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 361.20000000000005 m 498 361.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 361.20000000000005 m 532 361.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 361.20000000000005 m 567 361.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 349.20000000000005 m 81 349.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 349.20000000000005 m 464 349.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 349.20000000000005 m 498 349.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 349.20000000000005 m 532 349.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 349.20000000000005 m 567 349.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 337.20000000000005 m 81 337.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 337.20000000000005 m 464 337.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 337.20000000000005 m 498 337.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 337.20000000000005 m 532 337.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 337.20000000000005 m 567 337.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 325.20000000000005 m 81 325.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 325.20000000000005 m 464 325.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 325.20000000000005 m 498 325.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 325.20000000000005 m 532 325.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 325.20000000000005 m 567 325.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 313.20000000000005 m 81 313.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 313.20000000000005 m 464 313.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 313.20000000000005 m 498 313.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 313.20000000000005 m 532 313.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 313.20000000000005 m 567 313.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 301.20000000000005 m 81 301.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 301.20000000000005 m 464 301.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 301.20000000000005 m 498 301.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 301.20000000000005 m 532 301.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 301.20000000000005 m 567 301.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 289.20000000000005 m 81 289.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 289.20000000000005 m 464 289.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 289.20000000000005 m 498 289.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 289.20000000000005 m 532 289.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 289.20000000000005 m 567 289.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 277.20000000000005 m 81 277.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 277.20000000000005 m 464 277.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 277.20000000000005 m 498 277.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 277.20000000000005 m 532 277.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 277.20000000000005 m 567 277.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 265.20000000000005 m 81 265.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 265.20000000000005 m 464 265.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 265.20000000000005 m 498 265.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 265.20000000000005 m 532 265.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 265.20000000000005 m 567 265.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 253.20000000000005 m 81 253.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 253.20000000000005 m 464 253.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 253.20000000000005 m 498 253.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 253.20000000000005 m 532 253.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 253.20000000000005 m 567 253.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 241.20000000000005 m 81 241.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 241.20000000000005 m 464 241.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 241.20000000000005 m 498 241.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 241.20000000000005 m 532 241.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 241.20000000000005 m 567 241.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 229.20000000000005 m 81 229.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 229.20000000000005 m 464 229.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 229.20000000000005 m 498 229.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 229.20000000000005 m 532 229.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 229.20000000000005 m 567 229.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 217.20000000000005 m 81 217.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 217.20000000000005 m 464 217.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 217.20000000000005 m 498 217.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 217.20000000000005 m 532 217.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 217.20000000000005 m 567 217.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 205.20000000000005 m 81 205.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 205.20000000000005 m 464 205.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 205.20000000000005 m 498 205.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 205.20000000000005 m 532 205.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 205.20000000000005 m 567 205.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 193.20000000000005 m 81 193.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 193.20000000000005 m 464 193.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 193.20000000000005 m 498 193.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 193.20000000000005 m 532 193.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 193.20000000000005 m 567 193.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 181.20000000000005 m 81 181.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 181.20000000000005 m 464 181.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 181.20000000000005 m 498 181.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 181.20000000000005 m 532 181.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 181.20000000000005 m 567 181.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 169.20000000000005 m 81 169.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 169.20000000000005 m 464 169.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 169.20000000000005 m 498 169.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 169.20000000000005 m 532 169.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 169.20000000000005 m 567 169.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 157.20000000000005 m 81 157.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 157.20000000000005 m 464 157.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 157.20000000000005 m 498 157.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 157.20000000000005 m 532 157.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 157.20000000000005 m 567 157.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 145.20000000000005 m 81 145.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 145.20000000000005 m 464 145.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 145.20000000000005 m 498 145.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 145.20000000000005 m 532 145.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 145.20000000000005 m 567 145.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 133.20000000000005 m 81 133.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 133.20000000000005 m 464 133.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 133.20000000000005 m 498 133.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 133.20000000000005 m 532 133.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 133.20000000000005 m 567 133.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 121.20000000000005 m 81 121.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 121.20000000000005 m 464 121.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 121.20000000000005 m 498 121.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 121.20000000000005 m 532 121.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 121.20000000000005 m 567 121.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 109.20000000000005 m 81 109.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 109.20000000000005 m 464 109.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 109.20000000000005 m 498 109.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 109.20000000000005 m 532 109.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 109.20000000000005 m 567 109.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 97.20000000000005 m 81 97.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 85.20000000000005 m 81 85.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 97.20000000000005 m 464 97.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 81 85.20000000000005 m 464 85.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 97.20000000000005 m 498 97.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464 85.20000000000005 m 498 85.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 97.20000000000005 m 532 97.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498 85.20000000000005 m 532 85.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 97.20000000000005 m 567 97.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 532 85.20000000000005 m 567 85.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 71.20000000000005 m 81 71.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 81 71.20000000000005 m 464 71.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 464 71.20000000000005 m 498 71.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 71.20000000000005 m 532 71.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 532 71.20000000000005 m 567 71.20000000000005 l s BT /F6 10.00 Tf ET q 0 0 0 rg BT 52.50 688.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.50 688.42 Td (able of Contents) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 471.30 688.42 Td (Part) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 504.75 688.42 Td (Item) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 537.30 688.42 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 52.5 674.721728515625 m 143.50634765625 674.721728515625 l s q 0 0 1 rg BT 52.50 676.15 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 479.20 676.15 Td (I) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 676.15 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 52.5 662.721728515625 m 434.3935546875 662.721728515625 l s q 0 0 1 rg BT 52.50 664.15 Td (Management’) Tj ET Q q 0 0 1 rg BT 109.68 664.15 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 185.87 664.15 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 479.20 664.15 Td (I) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.45 664.15 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 64.5 650.86455078125 m 111.5302734375 650.86455078125 l s q 0 0 1 rg BT 64.50 652.15 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 466.50 652.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 652.15 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 64.5 638.86455078125 m 144.5244140625 638.86455078125 l s q 0 0 1 rg BT 64.50 640.15 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 466.50 640.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 640.15 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 64.5 626.86455078125 m 144.041015625 626.86455078125 l s q 0 0 1 rg BT 64.50 628.15 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 466.50 628.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 628.15 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 64.5 614.86455078125 m 272.1064453125 614.86455078125 l s q 0 0 1 rg BT 64.50 616.15 Td (Supplemental Financial Information and Disclosures) 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 466.50 616.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 616.15 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 64.5 602.86455078125 m 200.5810546875 602.86455078125 l s q 0 0 1 rg BT 64.50 604.15 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 466.50 604.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 604.15 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 64.5 590.86455078125 m 172.04736328125 590.86455078125 l s q 0 0 1 rg BT 64.50 592.15 Td (Critical ) Tj ET Q q 0 0 1 rg BT 94.00 592.15 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 466.50 592.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 592.15 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 64.5 578.86455078125 m 191.0712890625 578.86455078125 l s q 0 0 1 rg BT 64.50 580.15 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 466.50 580.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 580.15 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 76.5 566.86455078125 m 135.0439453125 566.86455078125 l s q 0 0 1 rg BT 76.50 568.15 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 466.50 568.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 568.15 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 76.5 554.86455078125 m 178.5498046875 554.86455078125 l s q 0 0 1 rg BT 76.50 556.15 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 466.50 556.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 556.15 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 52.5 542.721728515625 m 273.55810546875 542.721728515625 l s q 0 0 1 rg BT 52.50 544.15 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 479.20 544.15 Td (I) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.45 544.15 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 64.5 530.86455078125 m 112.0048828125 530.86455078125 l s q 0 0 1 rg BT 64.50 532.15 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 466.50 532.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 532.15 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 64.5 518.86455078125 m 108.5068359375 518.86455078125 l s q 0 0 1 rg BT 64.50 520.15 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 466.50 520.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 520.15 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 64.5 506.86455078125005 m 163.03857421875 506.86455078125005 l s q 0 0 1 rg BT 64.50 508.15 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 466.50 508.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 508.15 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 52.5 494.86455078125005 m 282.1318359375 494.86455078125005 l s q 0 0 1 rg BT 52.50 496.15 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 217.11 496.15 Td (Accounting Firm) 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 466.50 496.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 496.15 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 52.5 482.72172851562505 m 248.03466796875 482.72172851562505 l s q 0 0 1 rg BT 52.50 484.15 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 479.20 484.15 Td (I) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.45 484.15 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 64.5 470.86455078125005 m 246.6005859375 470.86455078125005 l s q 0 0 1 rg BT 64.50 472.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 119.54 472.15 Td (Income ) Tj ET Q q 0 0 1 rg BT 151.55 472.15 Td (Statements ) Tj ET Q q 0 0 1 rg BT 199.57 472.15 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 466.50 472.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 472.15 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 64.5 458.86455078125005 m 312.1318359375 458.86455078125005 l s q 0 0 1 rg BT 64.50 460.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 119.54 460.15 Td (Comprehensive ) Tj ET Q q 0 0 1 rg BT 185.07 460.15 Td (Income ) Tj ET Q q 0 0 1 rg BT 217.08 460.15 Td (Statements ) Tj ET Q q 0 0 1 rg BT 265.11 460.15 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 466.50 460.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 460.15 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 64.5 446.86455078125005 m 301.6640625 446.86455078125005 l s q 0 0 1 rg BT 64.50 448.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 119.54 448.15 Td (Balance ) Tj ET Q q 0 0 1 rg BT 154.56 448.15 Td (Sheets ) Tj ET Q q 0 0 1 rg BT 185.08 448.15 Td (\(Unaudited ) Tj ET Q q 0 0 1 rg BT 231.61 448.15 Td (at ) Tj ET Q q 0 0 1 rg BT 241.62 448.15 Td (June ) Tj ET Q q 0 0 1 rg BT 263.63 448.15 Td (30, ) Tj ET Q q 0 0 1 rg BT 278.65 448.15 Td (2019\)) 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 466.50 448.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 448.15 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 64.5 434.86455078125005 m 321.48779296875 434.86455078125005 l s q 0 0 1 rg BT 64.50 436.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 119.54 436.15 Td (Statements ) Tj ET Q q 0 0 1 rg BT 167.56 436.15 Td (of ) Tj ET Q q 0 0 1 rg BT 177.57 436.15 Td (Changes ) Tj ET Q q 0 0 1 rg BT 216.09 436.15 Td (in ) Tj ET Q q 0 0 1 rg BT 225.44 436.15 Td (T) Tj ET Q q 0 0 1 rg BT 229.94 436.15 Td (otal ) Tj ET Q q 0 0 1 rg BT 246.95 436.15 Td (Equity ) Tj ET Q q 0 0 1 rg BT 274.46 436.15 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 466.50 436.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 436.15 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 64.5 422.86455078125005 m 259.599609375 422.86455078125005 l s q 0 0 1 rg BT 64.50 424.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 119.54 424.15 Td (Cash ) Tj ET Q q 0 0 1 rg BT 143.05 424.15 Td (Flow ) Tj ET Q q 0 0 1 rg BT 164.55 424.15 Td (Statements ) Tj ET Q q 0 0 1 rg BT 212.57 424.15 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 466.50 424.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 424.15 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 64.5 410.86455078125005 m 289.1220703125 410.86455078125005 l s q 0 0 1 rg BT 64.50 412.15 Td (Notes ) Tj ET Q q 0 0 1 rg BT 90.51 412.15 Td (to ) Tj ET Q q 0 0 1 rg BT 100.52 412.15 Td (Consolidated ) Tj ET Q q 0 0 1 rg BT 155.55 412.15 Td (Financial ) Tj ET Q q 0 0 1 rg BT 194.07 412.15 Td (Statements ) Tj ET Q q 0 0 1 rg BT 242.10 412.15 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 466.50 412.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 412.15 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 64.5 398.86455078125005 m 72.005859375 398.86455078125005 l s q 0 0 1 rg BT 64.50 400.15 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 83.5 398.86455078125005 m 235.5947265625 398.86455078125005 l s q 0 0 1 rg BT 83.50 400.15 Td (Introduction ) Tj ET Q q 0 0 1 rg BT 133.03 400.15 Td (and ) Tj ET Q q 0 0 1 rg BT 150.55 400.15 Td (Basis ) Tj ET Q q 0 0 1 rg BT 175.06 400.15 Td (of ) Tj ET Q q 0 0 1 rg BT 185.06 400.15 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 466.50 400.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 400.15 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 64.5 386.86455078125005 m 72.005859375 386.86455078125005 l s q 0 0 1 rg BT 64.50 388.15 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 83.5 386.86455078125005 m 205.0703125 386.86455078125005 l s q 0 0 1 rg BT 83.50 388.15 Td (Significant ) Tj ET Q q 0 0 1 rg BT 127.03 388.15 Td (Accounting ) Tj ET Q q 0 0 1 rg BT 174.06 388.15 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 466.50 388.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 388.15 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 64.5 374.86455078125005 m 72.005859375 374.86455078125005 l s q 0 0 1 rg BT 64.50 376.15 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 83.5 374.86455078125005 m 128.3505859375 374.86455078125005 l s q 0 0 1 rg BT 83.50 376.15 Td (Fair ) Tj ET Q q 0 0 1 rg BT 101.50 376.15 Td (V) Tj ET Q q 0 0 1 rg BT 106.83 376.15 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 466.50 376.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 376.15 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 64.5 362.86455078125005 m 72.005859375 362.86455078125005 l s q 0 0 1 rg BT 64.50 364.15 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 83.5 362.86455078125005 m 264.08447265625 362.86455078125005 l s q 0 0 1 rg BT 83.50 364.15 Td (Derivative ) Tj ET Q q 0 0 1 rg BT 126.01 364.15 Td (Instruments ) Tj ET Q q 0 0 1 rg BT 175.53 364.15 Td (and ) Tj ET Q q 0 0 1 rg BT 193.05 364.15 Td (Hedging ) Tj ET Q q 0 0 1 rg BT 228.58 364.15 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 466.50 364.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 364.15 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 64.5 350.86455078125005 m 72.005859375 350.86455078125005 l s q 0 0 1 rg BT 64.50 352.15 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 83.5 350.86455078125005 m 169.5361328125 350.86455078125005 l s q 0 0 1 rg BT 83.50 352.15 Td (Investment ) Tj ET Q q 0 0 1 rg BT 130.02 352.15 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 466.50 352.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 352.15 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 64.5 338.86455078125005 m 72.005859375 338.86455078125005 l s q 0 0 1 rg BT 64.50 340.15 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 83.5 338.86455078125005 m 191.552734375 338.86455078125005 l s q 0 0 1 rg BT 83.50 340.15 Td (Collateralized ) Tj ET Q q 0 0 1 rg BT 140.37 340.15 Td (T) Tj ET Q q 0 0 1 rg BT 145.53 340.15 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 466.50 340.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 340.15 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 64.5 326.86455078125005 m 72.005859375 326.86455078125005 l s q 0 0 1 rg BT 64.50 328.15 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 83.5 326.86455078125005 m 334.13330078125 326.86455078125005 l s q 0 0 1 rg BT 83.50 328.15 Td (Loans, ) Tj ET Q q 0 0 1 rg BT 113.02 328.15 Td (Lending ) Tj ET Q q 0 0 1 rg BT 147.55 328.15 Td (Commitments ) Tj ET Q q 0 0 1 rg BT 205.56 328.15 Td (and ) Tj ET Q q 0 0 1 rg BT 222.58 328.15 Td (Allowance ) Tj ET Q q 0 0 1 rg BT 266.11 328.15 Td (for ) Tj ET Q q 0 0 1 rg BT 279.11 328.15 Td (Credit ) Tj ET Q q 0 0 1 rg BT 305.62 328.15 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 466.50 328.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 328.15 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 64.5 314.86455078125005 m 72.005859375 314.86455078125005 l s q 0 0 1 rg BT 64.50 316.15 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 83.5 314.86455078125005 m 192.0537109375 314.86455078125005 l s q 0 0 1 rg BT 83.50 316.15 Td (Equity ) Tj ET Q q 0 0 1 rg BT 111.01 316.15 Td (Method ) Tj ET Q q 0 0 1 rg BT 143.53 316.15 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 466.50 316.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 316.15 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 64.5 302.86455078125005 m 72.005859375 302.86455078125005 l s q 0 0 1 rg BT 64.50 304.15 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 83.5 302.86455078125005 m 118.515625 302.86455078125005 l s q 0 0 1 rg BT 83.50 304.15 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 466.50 304.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 304.15 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 64.5 290.86455078125005 m 77.01123046875 290.86455078125005 l s q 0 0 1 rg BT 64.50 292.15 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 83.5 290.86455078125005 m 253.08935546875 290.86455078125005 l s q 0 0 1 rg BT 83.50 292.15 Td (Borrowings ) Tj ET Q q 0 0 1 rg BT 131.02 292.15 Td (and ) Tj ET Q q 0 0 1 rg BT 148.53 292.15 Td (Other ) Tj ET Q q 0 0 1 rg BT 173.54 292.15 Td (Secured ) Tj ET Q q 0 0 1 rg BT 209.57 292.15 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 466.50 292.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 292.15 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 64.5 278.86455078125005 m 76.34326171875 278.86455078125005 l s q 0 0 1 rg BT 64.50 280.15 Td (1) Tj ET Q q 0 0 1 rg BT 68.84 280.15 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 83.5 278.86455078125005 m 302.11474609375 278.86455078125005 l s q 0 0 1 rg BT 83.50 280.15 Td (Commitments, ) Tj ET Q q 0 0 1 rg BT 144.01 280.15 Td (Leases, ) Tj ET Q q 0 0 1 rg BT 178.03 280.15 Td (Guarantees ) Tj ET Q q 0 0 1 rg BT 227.56 280.15 Td (and ) Tj ET Q q 0 0 1 rg BT 245.08 280.15 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 466.50 280.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 280.15 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 64.5 266.86455078125005 m 77.01123046875 266.86455078125005 l s q 0 0 1 rg BT 64.50 268.15 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 83.5 266.86455078125005 m 291.93701171875 266.86455078125005 l s q 0 0 1 rg BT 83.50 268.15 Td (V) Tj ET Q q 0 0 1 rg BT 88.83 268.15 Td (ariable ) Tj ET Q q 0 0 1 rg BT 118.35 268.15 Td (Interest ) Tj ET Q q 0 0 1 rg BT 150.87 268.15 Td (Entities ) Tj ET Q q 0 0 1 rg BT 182.88 268.15 Td (and ) Tj ET Q q 0 0 1 rg BT 200.40 268.15 Td (Securitization ) Tj ET Q q 0 0 1 rg BT 256.43 268.15 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 466.50 268.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 268.15 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 64.5 254.86455078125005 m 77.01123046875 254.86455078125005 l s q 0 0 1 rg BT 64.50 256.15 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 83.5 254.86455078125005 m 185.5498046875 254.86455078125005 l s q 0 0 1 rg BT 83.50 256.15 Td (Regulatory ) Tj ET Q q 0 0 1 rg BT 129.52 256.15 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 466.50 256.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 256.15 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 64.5 242.86455078125005 m 77.01123046875 242.86455078125005 l s q 0 0 1 rg BT 64.50 244.15 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 83.5 242.86455078125005 m 130.02490234375 242.86455078125005 l s q 0 0 1 rg BT 83.50 244.15 Td (T) Tj ET Q q 0 0 1 rg BT 88.00 244.15 Td (otal ) Tj ET Q q 0 0 1 rg BT 105.01 244.15 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 466.50 244.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 244.15 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 64.5 230.86455078125005 m 77.01123046875 230.86455078125005 l s q 0 0 1 rg BT 64.50 232.15 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 83.5 230.86455078125005 m 200.05615234375 230.86455078125005 l s q 0 0 1 rg BT 83.50 232.15 Td (Earnings ) Tj ET Q q 0 0 1 rg BT 121.52 232.15 Td (per ) Tj ET Q q 0 0 1 rg BT 137.03 232.15 Td (Common ) Tj ET Q q 0 0 1 rg BT 176.04 232.15 Td (Share) 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 466.50 232.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 232.15 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 64.5 218.86455078125005 m 77.01123046875 218.86455078125005 l s q 0 0 1 rg BT 64.50 220.15 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 83.5 218.86455078125005 m 233.08544921875 218.86455078125005 l s q 0 0 1 rg BT 83.50 220.15 Td (Interest ) Tj ET Q q 0 0 1 rg BT 116.02 220.15 Td (Income ) Tj ET Q q 0 0 1 rg BT 148.03 220.15 Td (and ) Tj ET Q q 0 0 1 rg BT 165.55 220.15 Td (Interest ) Tj ET Q q 0 0 1 rg BT 198.06 220.15 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 466.50 220.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 220.15 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 64.5 206.86455078125005 m 77.01123046875 206.86455078125005 l s q 0 0 1 rg BT 64.50 208.15 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 83.5 206.86455078125005 m 138.8623046875 206.86455078125005 l s q 0 0 1 rg BT 83.50 208.15 Td (Income ) Tj ET Q q 0 0 1 rg BT 115.35 208.15 Td (T) Tj ET Q q 0 0 1 rg BT 119.85 208.15 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 466.50 208.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 208.15 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 64.5 194.86455078125005 m 77.01123046875 194.86455078125005 l s q 0 0 1 rg BT 64.50 196.15 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 83.5 194.86455078125005 m 274.6181640625 194.86455078125005 l s q 0 0 1 rg BT 83.50 196.15 Td (Segment, ) Tj ET Q q 0 0 1 rg BT 124.52 196.15 Td (Geographic ) Tj ET Q q 0 0 1 rg BT 173.55 196.15 Td (and ) Tj ET Q q 0 0 1 rg BT 191.07 196.15 Td (Revenue ) Tj ET Q q 0 0 1 rg BT 229.60 196.15 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 466.50 196.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 196.15 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 64.5 182.86455078125005 m 77.01123046875 182.86455078125005 l s q 0 0 1 rg BT 64.50 184.15 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 83.5 182.86455078125005 m 161.5556640625 182.86455078125005 l s q 0 0 1 rg BT 83.50 184.15 Td (Subsequent ) Tj ET Q q 0 0 1 rg BT 134.04 184.15 Td (Events) 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 466.50 184.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 184.15 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 52.5 170.86455078125005 m 210.087890625 170.86455078125005 l s q 0 0 1 rg BT 52.50 172.15 Td (Financial Data Supplement \(Unaudited\)) 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 466.50 172.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 172.15 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 52.5 158.72172851562505 m 189.697265625 158.72172851562505 l s q 0 0 1 rg BT 52.50 160.15 Td (Glossary of Common ) Tj ET Q q 0 0 1 rg BT 145.68 160.15 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 466.50 160.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 160.15 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 52.5 146.72172851562505 m 128.4990234375 146.72172851562505 l s q 0 0 1 rg BT 52.50 148.15 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 477.95 148.15 Td (II) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 148.15 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 52.5 134.72172851562505 m 132.5244140625 134.72172851562505 l s q 0 0 1 rg BT 52.50 136.15 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 477.95 136.15 Td (II) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.45 136.15 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 52.5 122.72172851562505 m 312.0849609375 122.72172851562505 l s q 0 0 1 rg BT 52.50 124.15 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 477.95 124.15 Td (II) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.45 124.15 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 52.5 110.72172851562505 m 160.02099609375 110.72172851562505 l s q 0 0 1 rg BT 52.50 112.15 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 479.20 112.15 Td (I) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.45 112.15 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 52.5 98.72172851562505 m 87.5068359375 98.72172851562505 l s q 0 0 1 rg BT 52.50 100.15 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 477.95 100.15 Td (II) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 523.45 100.15 Td (6) 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 52.5 86.86455078125005 m 104.0302734375 86.86455078125005 l s q 0 0 1 rg BT 52.50 88.15 Td (Exhibit Index) 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 466.50 88.15 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 88.15 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 52.5 74.86455078125005 m 95.52685546875 74.86455078125005 l s q 0 0 1 rg BT 52.50 76.15 Td (Signatures) 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 466.50 75.60 Td ( ) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 500.50 75.60 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 558.45 676.15 Td (1) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.45 664.15 Td (1) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.45 652.15 Td (1) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.45 640.15 Td (2) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.45 628.15 Td (7) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 616.15 Td (18) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 604.15 Td (18) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 592.15 Td (19) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 580.15 Td (19) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 568.15 Td (19) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 556.15 Td (24) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 544.15 Td (30) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 532.15 Td (30) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 520.15 Td (32) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 508.15 Td (36) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 496.15 Td (39) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 484.15 Td (40) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 472.15 Td (40) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 460.15 Td (41) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 448.15 Td (42) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 436.15 Td (43) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 424.15 Td (44) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 412.15 Td (45) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 400.15 Td (45) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 388.15 Td (46) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 376.15 Td (46) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 364.15 Td (55) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 352.15 Td (59) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 340.15 Td (62) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 328.15 Td (63) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 316.15 Td (65) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 304.15 Td (66) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 292.15 Td (66) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 280.15 Td (67) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 268.15 Td (71) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 256.15 Td (74) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 244.15 Td (76) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 232.15 Td (78) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 220.15 Td (79) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 208.15 Td (79) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 196.15 Td (79) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 184.15 Td (82) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 172.15 Td (83) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 160.15 Td (85) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 148.15 Td (87) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 136.15 Td (87) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 124.15 Td (88) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 112.15 Td (89) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 553.45 100.15 Td (89) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 549.45 88.15 Td (E-) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.45 88.15 Td (1) Tj ET Q BT /F6 9.00 Tf ET BT /F6 9.00 Tf ET q 0 0 0 rg BT 549.45 75.60 Td (S-) Tj ET Q BT /F6 9.00 Tf ET q 0 0 0 rg BT 558.45 75.60 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 303.45 43.30 Td (ii) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 260.95 722.25 Td (A) Tj ET Q q 0 0 0 rg BT 267.43 722.25 Td (vailable Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 702.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.77 702.25 Td (file ) Tj ET Q q 0 0 0 rg BT 80.29 702.25 Td (annual, ) Tj ET Q q 0 0 0 rg BT 111.64 702.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 149.93 702.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.56 702.25 Td (current ) Tj ET Q q 0 0 0 rg BT 197.07 702.25 Td (reports, ) Tj ET Q q 0 0 0 rg BT 229.53 702.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 255.05 702.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 299.46 702.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.09 702.25 Td (other ) Tj ET Q q 0 0 0 rg BT 338.83 702.25 Td (information ) Tj ET Q q 0 0 0 rg BT 388.24 702.25 Td (with ) Tj ET Q q 0 0 0 rg BT 408.21 702.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.62 702.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 445.50 702.25 Td (The ) Tj ET Q q 0 0 0 rg BT 463.24 702.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 483.77 702.25 Td (maintains ) Tj ET Q q 0 0 0 rg BT 524.85 702.25 Td (an ) Tj ET Q q 0 0 0 rg BT 536.48 702.25 Td (internet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.25 Td (site, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 68.15 690.25 Td (www) Tj ET Q q 0 0 0 rg BT 87.42 690.25 Td (.sec.gov) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.62 690.25 Td (, ) Tj ET Q q 0 0 0 rg BT 124.38 690.25 Td (that ) Tj ET Q q 0 0 0 rg BT 141.64 690.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 177.22 690.25 Td (annual, ) Tj ET Q q 0 0 0 rg BT 208.64 690.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 247.00 690.25 Td (and ) Tj ET Q q 0 0 0 rg BT 263.69 690.25 Td (current ) Tj ET Q q 0 0 0 rg BT 294.27 690.25 Td (reports, ) Tj ET Q q 0 0 0 rg BT 326.80 690.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 352.39 690.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.09 690.25 Td (information ) Tj ET Q q 0 0 0 rg BT 418.56 690.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 463.04 690.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.73 690.25 Td (other ) Tj ET Q q 0 0 0 rg BT 502.54 690.25 Td (information ) Tj ET Q q 0 0 0 rg BT 552.01 690.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.25 Td (issuers ) Tj ET Q q 0 0 0 rg BT 79.22 678.25 Td (file ) Tj ET Q q 0 0 0 rg BT 95.05 678.25 Td (electronically ) Tj ET Q q 0 0 0 rg BT 151.96 678.25 Td (with ) Tj ET Q q 0 0 0 rg BT 172.24 678.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.96 678.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 210.30 678.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 228.35 678.25 Td (electronic ) Tj ET Q q 0 0 0 rg BT 270.27 678.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 291.11 678.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 319.16 678.25 Td (are ) Tj ET Q q 0 0 0 rg BT 333.87 678.25 Td (available ) Tj ET Q q 0 0 0 rg BT 372.46 678.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.74 678.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.45 678.25 Td (public ) Tj ET Q q 0 0 0 rg BT 424.95 678.25 Td (at ) Tj ET Q q 0 0 0 rg BT 434.67 678.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.38 678.25 Td (SEC’) Tj ET Q q 0 0 0 rg BT 470.50 678.25 Td (s ) Tj ET Q q 0 0 0 rg BT 476.89 678.25 Td (internet ) Tj ET Q q 0 0 0 rg BT 509.93 678.25 Td (site. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.08 658.25 Td (internet ) Tj ET Q q 0 0 0 rg BT 99.66 658.25 Td (site ) Tj ET Q q 0 0 0 rg BT 115.57 658.25 Td (is ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 124.28 658.25 Td (www) Tj ET Q q 0 0 0 rg BT 143.54 658.25 Td (.mor) Tj ET Q q 0 0 0 rg BT 161.79 658.25 Td (ganstanley) Tj ET Q q 0 0 0 rg BT 204.56 658.25 Td (.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.72 658.25 Td (. ) Tj ET Q q 0 0 0 rg BT 227.95 658.25 Td (Y) Tj ET Q q 0 0 0 rg BT 234.17 658.25 Td (ou ) Tj ET Q q 0 0 0 rg BT 246.20 658.25 Td (can ) Tj ET Q q 0 0 0 rg BT 262.11 658.25 Td (access ) Tj ET Q q 0 0 0 rg BT 289.68 658.25 Td (our ) Tj ET Q q 0 0 0 rg BT 305.04 658.25 Td (Investor ) Tj ET Q q 0 0 0 rg BT 339.84 658.25 Td (Relations ) Tj ET Q q 0 0 0 rg BT 379.64 658.25 Td (webpage ) Tj ET Q q 0 0 0 rg BT 417.21 658.25 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 426.46 658.25 Td (www) Tj ET Q q 0 0 0 rg BT 445.73 658.25 Td (.mor) Tj ET Q q 0 0 0 rg BT 463.97 658.25 Td (ganstanley) Tj ET Q q 0 0 0 rg BT 506.74 658.25 Td (.com/about-us-) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 646.25 Td (ir) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.17 646.25 Td (. ) Tj ET Q q 0 0 0 rg BT 60.44 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 69.07 646.25 Td (e ) Tj ET Q q 0 0 0 rg BT 75.42 646.25 Td (make ) Tj ET Q q 0 0 0 rg BT 98.97 646.25 Td (available ) Tj ET Q q 0 0 0 rg BT 136.97 646.25 Td (free ) Tj ET Q q 0 0 0 rg BT 154.41 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.64 646.25 Td (char) Tj ET Q q 0 0 0 rg BT 181.67 646.25 Td (ge, ) Tj ET Q q 0 0 0 rg BT 195.51 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.41 646.25 Td (or ) Tj ET Q q 0 0 0 rg BT 217.64 646.25 Td (through ) Tj ET Q q 0 0 0 rg BT 250.66 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 265.89 646.25 Td (Investor ) Tj ET Q q 0 0 0 rg BT 300.56 646.25 Td (Relations ) Tj ET Q q 0 0 0 rg BT 340.24 646.25 Td (webpage, ) Tj ET Q q 0 0 0 rg BT 380.18 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 395.41 646.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 421.21 646.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 469.07 646.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 500.41 646.25 Td (Reports ) Tj ET Q q 0 0 0 rg BT 533.43 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 545.33 646.25 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 75.80 634.25 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 117.36 634.25 Td (Reports ) Tj ET Q q 0 0 0 rg BT 151.71 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 164.96 634.25 Td (Form 10-Q, ) Tj ET Q q 0 0 0 rg BT 215.43 634.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 249.22 634.25 Td (Reports ) Tj ET Q q 0 0 0 rg BT 283.58 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 296.82 634.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 321.74 634.25 Td (8-K ) Tj ET Q q 0 0 0 rg BT 340.54 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.22 634.25 Td (any ) Tj ET Q q 0 0 0 rg BT 375.90 634.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 429.69 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.72 634.25 Td (those ) Tj ET Q q 0 0 0 rg BT 465.07 634.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 496.09 634.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 517.66 634.25 Td (or ) Tj ET Q q 0 0 0 rg BT 529.23 634.25 Td (furnished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 85.58 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.00 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.86 622.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 149.94 622.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 190.64 622.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 206.73 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.70 622.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 240.84 622.25 Td (as ) Tj ET Q q 0 0 0 rg BT 250.81 622.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 288.55 622.25 Td (\(“Exchange ) Tj ET Q q 0 0 0 rg BT 337.02 622.25 Td (Act”\), ) Tj ET Q q 0 0 0 rg BT 363.37 622.25 Td (as ) Tj ET Q q 0 0 0 rg BT 373.35 622.25 Td (soon ) Tj ET Q q 0 0 0 rg BT 393.88 622.25 Td (as ) Tj ET Q q 0 0 0 rg BT 403.85 622.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 448.81 622.25 Td (practicable ) Tj ET Q q 0 0 0 rg BT 494.31 622.25 Td (after ) Tj ET Q q 0 0 0 rg BT 514.27 622.25 Td (such ) Tj ET Q q 0 0 0 rg BT 534.25 622.25 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.87 610.25 Td (electronically ) Tj ET Q q 0 0 0 rg BT 115.98 610.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 137.00 610.25 Td (with, ) Tj ET Q q 0 0 0 rg BT 159.97 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 171.00 610.25 Td (furnished ) Tj ET Q q 0 0 0 rg BT 211.47 610.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 224.44 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.36 610.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 262.70 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 271.33 610.25 Td (e ) Tj ET Q q 0 0 0 rg BT 278.47 610.25 Td (also ) Tj ET Q q 0 0 0 rg BT 297.27 610.25 Td (make ) Tj ET Q q 0 0 0 rg BT 321.63 610.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 362.91 610.25 Td (through ) Tj ET Q q 0 0 0 rg BT 396.72 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 412.74 610.25 Td (Investor ) Tj ET Q q 0 0 0 rg BT 448.21 610.25 Td (Relations ) Tj ET Q q 0 0 0 rg BT 488.68 610.25 Td (webpage, ) Tj ET Q q 0 0 0 rg BT 529.41 610.25 Td (via ) Tj ET Q q 0 0 0 rg BT 544.33 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 551.46 610.25 Td (link ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.43 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.81 598.25 Td (SEC’) Tj ET Q q 0 0 0 rg BT 94.92 598.25 Td (s ) Tj ET Q q 0 0 0 rg BT 100.97 598.25 Td (internet ) Tj ET Q q 0 0 0 rg BT 133.67 598.25 Td (site, ) Tj ET Q q 0 0 0 rg BT 152.21 598.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.58 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.07 598.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 248.64 598.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 292.46 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.94 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 318.43 598.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 345.58 598.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 385.50 598.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 405.98 598.25 Td (by ) Tj ET Q q 0 0 0 rg BT 418.14 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 433.62 598.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 473.26 598.25 Td (of) Tj ET Q q 0 0 0 rg BT 481.41 598.25 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 508.27 598.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 528.76 598.25 Td (or ) Tj ET Q q 0 0 0 rg BT 539.25 598.25 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 102.54 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.48 586.25 Td (others ) Tj ET Q q 0 0 0 rg BT 146.41 586.25 Td (under ) Tj ET Q q 0 0 0 rg BT 171.68 586.25 Td (Section 16 ) Tj ET Q q 0 0 0 rg BT 216.68 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.51 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.22 586.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 283.60 586.25 Td (Act.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 564.25 Td (Y) Tj ET Q q 0 0 0 rg BT 55.72 564.25 Td (ou ) Tj ET Q q 0 0 0 rg BT 69.61 564.25 Td (can ) Tj ET Q q 0 0 0 rg BT 87.38 564.25 Td (access ) Tj ET Q q 0 0 0 rg BT 116.81 564.25 Td (information ) Tj ET Q q 0 0 0 rg BT 167.92 564.25 Td (about ) Tj ET Q q 0 0 0 rg BT 194.03 564.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.25 564.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 252.90 564.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 302.87 564.25 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 313.98 564.25 Td (www) Tj ET Q q 0 0 0 rg BT 333.25 564.25 Td (.mor) Tj ET Q q 0 0 0 rg BT 351.49 564.25 Td (ganstanley) Tj ET Q q 0 0 0 rg BT 394.26 564.25 Td (.com/about-us-governance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.68 564.25 Td ( ) Tj ET Q q 0 0 0 rg BT 507.57 564.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 527.02 564.25 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 552.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 100.31 552.25 Td (webpage ) Tj ET Q q 0 0 0 rg BT 138.34 552.25 Td (includes:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 542.65 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 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 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 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 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 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 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 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 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 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 q 0 0 0 rg BT 207.97 383.65 Td (and) 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.60 348.65 Td (Code ) Tj ET Q q 0 0 0 rg BT 91.26 348.65 Td (of ) Tj ET Q q 0 0 0 rg BT 102.14 348.65 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 129.69 348.65 Td (and ) Tj ET Q q 0 0 0 rg BT 146.68 348.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 184.79 348.65 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 221.22 348.65 Td (applies ) Tj ET Q q 0 0 0 rg BT 252.10 348.65 Td (to ) Tj ET Q q 0 0 0 rg BT 262.43 348.65 Td (all ) Tj ET Q q 0 0 0 rg BT 274.97 348.65 Td (directors, ) Tj ET Q q 0 0 0 rg BT 315.01 348.65 Td (of) Tj ET Q q 0 0 0 rg BT 323.16 348.65 Td (ficers ) Tj ET Q q 0 0 0 rg BT 347.92 348.65 Td (and ) Tj ET Q q 0 0 0 rg BT 364.90 348.65 Td (employees, ) Tj ET Q q 0 0 0 rg BT 412.72 348.65 Td (including ) Tj ET Q q 0 0 0 rg BT 453.04 348.65 Td (our ) Tj ET Q q 0 0 0 rg BT 468.92 348.65 Td (Chief ) Tj ET Q q 0 0 0 rg BT 493.69 348.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 536.22 348.65 Td (Of) Tj ET Q q 0 0 0 rg BT 546.59 348.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 564.51 348.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.65 Td (Chief ) Tj ET Q q 0 0 0 rg BT 74.93 336.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 115.35 336.65 Td (Of) Tj ET Q q 0 0 0 rg BT 125.72 336.65 Td (ficer ) Tj ET Q q 0 0 0 rg BT 147.24 336.65 Td (and ) Tj ET Q q 0 0 0 rg BT 164.89 336.65 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 197.54 336.65 Td (Chief ) Tj ET Q q 0 0 0 rg BT 222.97 336.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 263.39 336.65 Td (Of) Tj ET Q q 0 0 0 rg BT 273.76 336.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 291.52 336.65 Td (. ) Tj ET Q q 0 0 0 rg BT 297.00 336.65 Td (W) Tj ET Q q 0 0 0 rg BT 305.64 336.65 Td (e ) Tj ET Q q 0 0 0 rg BT 313.29 336.65 Td (will ) Tj ET Q q 0 0 0 rg BT 332.05 336.65 Td (post ) Tj ET Q q 0 0 0 rg BT 351.93 336.65 Td (any ) Tj ET Q q 0 0 0 rg BT 369.58 336.65 Td (amendments ) Tj ET Q q 0 0 0 rg BT 423.33 336.65 Td (to ) Tj ET Q q 0 0 0 rg BT 434.32 336.65 Td (the ) Tj ET Q q 0 0 0 rg BT 449.74 336.65 Td (Code ) Tj ET Q q 0 0 0 rg BT 474.06 336.65 Td (of ) Tj ET Q q 0 0 0 rg BT 485.60 336.65 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 513.81 336.65 Td (and ) Tj ET Q q 0 0 0 rg BT 531.45 336.65 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.65 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 86.25 324.65 Td (and ) Tj ET Q q 0 0 0 rg BT 103.54 324.65 Td (any ) Tj ET Q q 0 0 0 rg BT 120.84 324.65 Td (waivers ) Tj ET Q q 0 0 0 rg BT 154.80 324.65 Td (that ) Tj ET Q q 0 0 0 rg BT 172.65 324.65 Td (are ) Tj ET Q q 0 0 0 rg BT 187.72 324.65 Td (required ) Tj ET Q q 0 0 0 rg BT 223.89 324.65 Td (to ) Tj ET Q q 0 0 0 rg BT 234.53 324.65 Td (be ) Tj ET Q q 0 0 0 rg BT 246.83 324.65 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 286.90 324.65 Td (by ) Tj ET Q q 0 0 0 rg BT 299.76 324.65 Td (the ) Tj ET Q q 0 0 0 rg BT 314.84 324.65 Td (rules ) Tj ET Q q 0 0 0 rg BT 337.13 324.65 Td (of ) Tj ET Q q 0 0 0 rg BT 348.32 324.65 Td (either ) Tj ET Q q 0 0 0 rg BT 373.95 324.65 Td (the ) Tj ET Q q 0 0 0 rg BT 389.02 324.65 Td (SEC ) Tj ET Q q 0 0 0 rg BT 410.22 324.65 Td (or ) Tj ET Q q 0 0 0 rg BT 421.41 324.65 Td (the ) Tj ET Q q 0 0 0 rg BT 436.48 324.65 Td (New ) Tj ET Q q 0 0 0 rg BT 457.80 324.65 Td (Y) Tj ET Q q 0 0 0 rg BT 464.02 324.65 Td (ork ) Tj ET Q q 0 0 0 rg BT 480.21 324.65 Td (Stock ) Tj ET Q q 0 0 0 rg BT 505.85 324.65 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 548.13 324.65 Td (LLC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.65 Td (\(“NYSE”\) ) Tj ET Q q 0 0 0 rg BT 93.88 312.65 Td (on ) Tj ET Q q 0 0 0 rg BT 106.61 312.65 Td (our ) Tj ET Q q 0 0 0 rg BT 122.67 312.65 Td (internet ) Tj ET Q q 0 0 0 rg BT 155.95 312.65 Td (site. ) Tj ET Q q 0 0 0 rg BT 174.66 312.65 Td (Y) Tj ET Q q 0 0 0 rg BT 180.88 312.65 Td (ou ) Tj ET Q q 0 0 0 rg BT 193.61 312.65 Td (can ) Tj ET Q q 0 0 0 rg BT 210.22 312.65 Td (request ) Tj ET Q q 0 0 0 rg BT 241.83 312.65 Td (a ) Tj ET Q q 0 0 0 rg BT 249.00 312.65 Td (copy ) Tj ET Q q 0 0 0 rg BT 271.16 312.65 Td (of ) Tj ET Q q 0 0 0 rg BT 282.23 312.65 Td (these ) Tj ET Q q 0 0 0 rg BT 305.50 312.65 Td (documents, ) Tj ET Q q 0 0 0 rg BT 354.06 312.65 Td (excluding ) Tj ET Q q 0 0 0 rg BT 396.22 312.65 Td (exhibits, ) Tj ET Q q 0 0 0 rg BT 433.12 312.65 Td (at ) Tj ET Q q 0 0 0 rg BT 443.07 312.65 Td (no ) Tj ET Q q 0 0 0 rg BT 455.80 312.65 Td (cost, ) Tj ET Q q 0 0 0 rg BT 477.14 312.65 Td (by ) Tj ET Q q 0 0 0 rg BT 489.87 312.65 Td (contacting ) Tj ET Q q 0 0 0 rg BT 534.25 312.65 Td (Investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.65 Td (Relations, ) Tj ET Q q 0 0 0 rg BT 93.29 300.65 Td (1585 Broadway) Tj ET Q q 0 0 0 rg BT 156.24 300.65 Td (, ) Tj ET Q q 0 0 0 rg BT 162.25 300.65 Td (New ) Tj ET Q q 0 0 0 rg BT 184.13 300.65 Td (Y) Tj ET Q q 0 0 0 rg BT 190.35 300.65 Td (ork, ) Tj ET Q q 0 0 0 rg BT 209.69 300.65 Td (NY) Tj ET Q q 0 0 0 rg BT 223.76 300.65 Td ( ) Tj ET Q q 0 0 0 rg BT 227.28 300.65 Td (10036 ) Tj ET Q q 0 0 0 rg BT 255.79 300.65 Td (\(212-761-4000\). ) Tj ET Q q 0 0 0 rg BT 324.87 300.65 Td (The ) Tj ET Q q 0 0 0 rg BT 343.94 300.65 Td (information ) Tj ET Q q 0 0 0 rg BT 394.66 300.65 Td (on ) Tj ET Q q 0 0 0 rg BT 408.18 300.65 Td (our ) Tj ET Q q 0 0 0 rg BT 425.02 300.65 Td (internet ) Tj ET Q q 0 0 0 rg BT 459.08 300.65 Td (site ) Tj ET Q q 0 0 0 rg BT 476.48 300.65 Td (is ) Tj ET Q q 0 0 0 rg BT 486.66 300.65 Td (not ) Tj ET Q q 0 0 0 rg BT 502.96 300.65 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 557.00 300.65 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.65 Td (reference ) Tj ET Q q 0 0 0 rg BT 89.18 288.65 Td (into ) Tj ET Q q 0 0 0 rg BT 107.24 288.65 Td (this ) Tj ET Q q 0 0 0 rg BT 124.19 288.65 Td (report.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 279.05 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 720.90 Td (Management’) Tj ET Q q 0 0 0 rg BT 120.37 720.90 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 206.74 720.90 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 /I16 Do Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 694.50 Td (Intr) Tj ET Q q 0 0 0 rg BT 69.95 694.50 Td (oduction) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 66.54 668.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 87.01 668.10 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 123.04 668.10 Td (is ) Tj ET Q q 0 0 0 rg BT 135.75 668.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.22 668.10 Td (global ) Tj ET Q q 0 0 0 rg BT 177.25 668.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 218.26 668.10 Td (services ) Tj ET Q q 0 0 0 rg BT 256.50 668.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 279.76 668.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 91.20 656.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 136.22 656.10 Td (market ) Tj ET Q q 0 0 0 rg BT 166.80 656.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 205.73 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.32 656.10 Td (each ) Tj ET Q q 0 0 0 rg BT 237.45 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.60 656.10 Td (its ) Tj ET Q q 0 0 0 rg BT 260.86 656.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (segments—Institutional ) Tj ET Q q 0 0 0 rg BT 148.37 644.10 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 193.39 644.10 Td (W) Tj ET Q q 0 0 0 rg BT 202.03 644.10 Td (ealth ) Tj ET Q q 0 0 0 rg BT 224.79 644.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 280.31 644.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 102.38 632.10 Td (Management. ) Tj ET Q q 0 0 0 rg BT 165.53 632.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 182.57 632.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 205.45 632.10 Td (Stanley) Tj ET Q q 0 0 0 rg BT 234.80 632.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.75 632.10 Td (through ) Tj ET Q q 0 0 0 rg BT 285.30 632.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 98.90 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.52 620.10 Td (af) Tj ET Q q 0 0 0 rg BT 123.11 620.10 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 155.00 620.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 191.62 620.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.24 620.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 219.86 620.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 249.81 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.32 620.10 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.66 608.10 Td (services ) Tj ET Q q 0 0 0 rg BT 103.58 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.08 608.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.24 608.10 Td (lar) Tj ET Q q 0 0 0 rg BT 133.60 608.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 146.76 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.92 608.10 Td (diversified ) Tj ET Q q 0 0 0 rg BT 211.40 608.10 Td (group ) Tj ET Q q 0 0 0 rg BT 238.45 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.49 608.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 280.32 608.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 98.25 596.10 Td (including ) Tj ET Q q 0 0 0 rg BT 141.72 596.10 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 199.91 596.10 Td (governments, ) Tj ET Q q 0 0 0 rg BT 259.77 596.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 99.23 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.95 584.10 Td (individuals. ) Tj ET Q q 0 0 0 rg BT 171.17 584.10 Td (Unless ) Tj ET Q q 0 0 0 rg BT 203.67 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.16 584.10 Td (context ) Tj ET Q q 0 0 0 rg BT 255.87 584.10 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (requires, ) Tj ET Q q 0 0 0 rg BT 87.20 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.41 572.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 127.62 572.10 Td (“Mor) Tj ET Q q 0 0 0 rg BT 149.10 572.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 166.53 572.10 Td (Stanley) Tj ET Q q 0 0 0 rg BT 195.88 572.10 Td (,” ) Tj ET Q q 0 0 0 rg BT 205.81 572.10 Td (“Firm,” ) Tj ET Q q 0 0 0 rg BT 239.63 572.10 Td (“us,” ) Tj ET Q q 0 0 0 rg BT 262.89 572.10 Td (“we” ) Tj ET Q q 0 0 0 rg BT 286.42 572.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (“our” ) Tj ET Q q 0 0 0 rg BT 73.84 560.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 97.64 560.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 114.68 560.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 131.25 560.10 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 163.39 560.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 181.07 560.10 Td (“Parent ) Tj ET Q q 0 0 0 rg BT 213.20 560.10 Td (Company”\) ) Tj ET Q q 0 0 0 rg BT 261.99 560.10 Td (together ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.84 548.10 Td (its ) Tj ET Q q 0 0 0 rg BT 81.84 548.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 134.94 548.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 187.03 548.10 Td (W) Tj ET Q q 0 0 0 rg BT 195.67 548.10 Td (e ) Tj ET Q q 0 0 0 rg BT 202.66 548.10 Td (define ) Tj ET Q q 0 0 0 rg BT 230.21 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.98 548.10 Td (following ) Tj ET Q q 0 0 0 rg BT 286.43 548.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (part ) Tj ET Q q 0 0 0 rg BT 71.31 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.90 536.10 Td (our ) Tj ET Q q 0 0 0 rg BT 105.49 536.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 162.29 536.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.53 536.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 252.00 536.10 Td (\(“financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (statements”\): ) Tj ET Q q 0 0 0 rg BT 110.53 524.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 169.35 524.10 Td (income ) Tj ET Q q 0 0 0 rg BT 207.06 524.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 257.55 524.10 Td (\(“income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (statements”\), ) Tj ET Q q 0 0 0 rg BT 105.33 512.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 159.22 512.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 193.10 512.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 220.89 512.10 Td (\(“balance ) Tj ET Q q 0 0 0 rg BT 262.54 512.10 Td (sheets”\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 73.62 500.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 133.84 500.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 161.30 500.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 189.31 500.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 241.20 500.10 Td (\(“cash ) Tj ET Q q 0 0 0 rg BT 276.42 500.10 Td (flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (statements”\). ) Tj ET Q q 0 0 0 rg BT 105.34 488.10 Td (See ) Tj ET Q q 0 0 0 rg BT 123.15 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.73 488.10 Td (“Glossary ) Tj ET Q q 0 0 0 rg BT 182.08 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.78 488.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 233.63 488.10 Td (Acronyms” ) Tj ET Q q 0 0 0 rg BT 283.09 488.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 476.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 105.95 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.96 476.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 146.83 476.10 Td (acronyms ) Tj ET Q q 0 0 0 rg BT 188.39 476.10 Td (used ) Tj ET Q q 0 0 0 rg BT 209.39 476.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 255.96 476.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.08 476.10 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.05 464.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.00 442.10 Td (description ) Tj ET Q q 0 0 0 rg BT 104.26 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.41 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.46 442.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 156.38 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.65 442.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 210.02 442.10 Td (products ) Tj ET Q q 0 0 0 rg BT 246.28 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.55 442.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 430.10 Td (each ) Tj ET Q q 0 0 0 rg BT 81.15 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.98 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.81 430.10 Td (business ) Tj ET Q q 0 0 0 rg BT 144.20 430.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 183.91 430.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.08 430.10 Td (as ) Tj ET Q q 0 0 0 rg BT 203.91 430.10 Td (follows:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 54.00 406.10 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 106.88 406.10 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.31 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.30 406.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 188.73 406.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 236.60 406.10 Td (banking, ) Tj ET Q q 0 0 0 rg BT 275.31 406.10 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 73.87 394.10 Td (trading, ) Tj ET Q q 0 0 0 rg BT 110.13 394.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 145.56 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.43 394.10 Td (other ) Tj ET Q q 0 0 0 rg BT 191.41 394.10 Td (services ) Tj ET Q q 0 0 0 rg BT 229.05 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.26 394.10 Td (corporations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 382.10 Td (governments, ) Tj ET Q q 0 0 0 rg BT 110.01 382.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 146.85 382.10 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 195.67 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.96 382.10 Td (high ) Tj ET Q q 0 0 0 rg BT 231.60 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.24 382.10 Td (ultra-high ) Tj ET Q q 0 0 0 rg BT 282.53 382.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 370.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 79.79 370.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 110.85 370.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 157.74 370.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 192.41 370.10 Td (services ) Tj ET Q q 0 0 0 rg BT 227.08 370.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 257.31 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.10 370.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 85.38 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.98 358.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.13 358.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 181.73 358.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 220.60 358.10 Td (including ) Tj ET Q q 0 0 0 rg BT 262.54 358.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 346.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 90.86 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.95 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.49 346.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 181.46 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.10 346.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 222.14 346.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 253.45 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.20 346.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 334.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 98.49 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.04 334.10 Td (well ) Tj ET Q q 0 0 0 rg BT 132.48 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.03 334.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 175.35 334.10 Td (on ) Tj ET Q q 0 0 0 rg BT 189.57 334.10 Td (mer) Tj ET Q q 0 0 0 rg BT 204.93 334.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 225.82 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.48 334.10 Td (acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 322.10 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 116.61 322.10 Td (real ) Tj ET Q q 0 0 0 rg BT 136.71 322.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 164.60 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.16 322.10 Td (project ) Tj ET Q q 0 0 0 rg BT 217.04 322.10 Td (finance. ) Tj ET Q q 0 0 0 rg BT 254.08 322.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 280.31 322.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 310.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 83.87 310.10 Td (services ) Tj ET Q q 0 0 0 rg BT 117.63 310.10 Td (include ) Tj ET Q q 0 0 0 rg BT 148.61 310.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 172.10 310.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 213.91 310.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 238.79 310.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 280.31 310.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 298.10 Td (market-making ) Tj ET Q q 0 0 0 rg BT 116.44 298.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 153.88 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.01 298.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 189.35 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.14 298.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 227.03 298.10 Td (income ) Tj ET Q q 0 0 0 rg BT 257.81 298.10 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 286.10 Td (including ) Tj ET Q q 0 0 0 rg BT 98.66 286.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 134.42 286.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 179.06 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.38 286.10 Td (commodities. ) Tj ET Q q 0 0 0 rg BT 261.42 286.10 Td (Lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 274.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 94.65 274.10 Td (include ) Tj ET Q q 0 0 0 rg BT 128.64 274.10 Td (originating ) Tj ET Q q 0 0 0 rg BT 177.08 274.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 219.39 274.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 247.55 274.10 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 262.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 95.46 262.10 Td (lending, ) Tj ET Q q 0 0 0 rg BT 131.66 262.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 174.25 262.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 208.49 262.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 242.18 262.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 280.31 262.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.10 Td (extending ) Tj ET Q q 0 0 0 rg BT 97.40 250.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 139.13 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.87 250.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 174.28 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.68 250.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 224.97 250.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 271.98 250.10 Td (Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 238.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 92.60 238.10 Td (include ) Tj ET Q q 0 0 0 rg BT 124.53 238.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 174.81 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.74 238.10 Td (research.) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 326.25 668.10 Td (W) Tj ET Q q 0 0 0 rg BT 333.66 668.10 Td (ealth ) Tj ET Q q 0 0 0 rg BT 359.13 668.10 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.34 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.82 668.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 456.73 668.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.65 668.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 532.66 668.10 Td (array ) Tj ET Q q 0 0 0 rg BT 558.67 668.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 656.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 364.68 656.10 Td (services ) Tj ET Q q 0 0 0 rg BT 400.33 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.22 656.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 457.78 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.01 656.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 513.01 656.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 552.56 656.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 644.10 Td (small ) Tj ET Q q 0 0 0 rg BT 351.01 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.88 644.10 Td (medium-sized ) Tj ET Q q 0 0 0 rg BT 421.62 644.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 466.94 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.47 644.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 532.02 644.10 Td (covering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 632.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 370.16 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.53 632.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 436.35 632.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 474.72 632.10 Td (services; ) Tj ET Q q 0 0 0 rg BT 513.65 632.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 552.56 632.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 620.10 Td (wealth ) Tj ET Q q 0 0 0 rg BT 356.93 620.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 395.95 620.10 Td (services; ) Tj ET Q q 0 0 0 rg BT 434.96 620.10 Td (annuity ) Tj ET Q q 0 0 0 rg BT 468.98 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.44 620.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 529.78 620.10 Td (products; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 608.10 Td (securities-based ) Tj ET Q q 0 0 0 rg BT 391.38 608.10 Td (lending, ) Tj ET Q q 0 0 0 rg BT 425.15 608.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 468.07 608.10 Td (real ) Tj ET Q q 0 0 0 rg BT 484.33 608.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 508.37 608.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 530.75 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.46 608.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 596.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 358.75 596.10 Td (products; ) Tj ET Q q 0 0 0 rg BT 398.46 596.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 433.18 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.12 596.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 493.71 596.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 513.42 596.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 326.25 574.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 370.88 574.10 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.08 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.39 574.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 460.14 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.89 574.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 489.97 574.10 Td (range ) Tj ET Q q 0 0 0 rg BT 513.49 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.13 574.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 562.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 366.91 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.24 562.10 Td (products ) Tj ET Q q 0 0 0 rg BT 421.57 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 439.46 562.10 Td (span ) Tj ET Q q 0 0 0 rg BT 460.69 562.10 Td (geographies, ) Tj ET Q q 0 0 0 rg BT 514.40 562.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 536.73 562.10 Td (classes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.55 550.10 Td (public ) Tj ET Q q 0 0 0 rg BT 371.40 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.70 550.10 Td (private ) Tj ET Q q 0 0 0 rg BT 419.33 550.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 453.84 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.48 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 471.78 550.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 503.52 550.10 Td (group ) Tj ET Q q 0 0 0 rg BT 529.71 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.90 550.10 Td (clients ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 538.10 Td (across ) Tj ET Q q 0 0 0 rg BT 353.09 538.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 402.72 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.01 538.10 Td (intermediary ) Tj ET Q q 0 0 0 rg BT 471.94 538.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 511.28 538.10 Td (Strategies ) Tj ET Q q 0 0 0 rg BT 552.56 538.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 526.10 Td (products ) Tj ET Q q 0 0 0 rg BT 368.89 526.10 Td (include ) Tj ET Q q 0 0 0 rg BT 406.53 526.10 Td (equity) Tj ET Q q 0 0 0 rg BT 430.88 526.10 Td (, ) Tj ET Q q 0 0 0 rg BT 441.58 526.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 470.33 526.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 510.47 526.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 552.56 526.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 514.10 Td (alternative/other ) Tj ET Q q 0 0 0 rg BT 400.38 514.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 445.92 514.10 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 502.86 514.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 537.57 514.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 502.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 363.24 502.10 Td (benefit/defined ) Tj ET Q q 0 0 0 rg BT 430.78 502.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 486.67 502.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 517.28 502.10 Td (foundations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 490.10 Td (endowments, ) Tj ET Q q 0 0 0 rg BT 382.96 490.10 Td (government ) Tj ET Q q 0 0 0 rg BT 434.38 490.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 469.43 490.10 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 511.96 490.10 Td (wealth ) Tj ET Q q 0 0 0 rg BT 542.28 490.10 Td (funds, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 478.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 373.89 478.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 428.48 478.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 480.57 478.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 508.23 478.10 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 552.56 478.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 466.10 Td (corporations. ) Tj ET Q q 0 0 0 rg BT 389.06 466.10 Td (Individual ) Tj ET Q q 0 0 0 rg BT 440.50 466.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 476.93 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 499.46 466.10 Td (served ) Tj ET Q q 0 0 0 rg BT 535.89 466.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 454.10 Td (intermediaries, ) Tj ET Q q 0 0 0 rg BT 395.62 454.10 Td (including ) Tj ET Q q 0 0 0 rg BT 443.07 454.10 Td (af) Tj ET Q q 0 0 0 rg BT 450.66 454.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 488.65 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.76 454.10 Td (non-af) Tj ET Q q 0 0 0 rg BT 538.68 454.10 Td (filiated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.25 442.10 Td (distributors.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 420.10 Td (The ) Tj ET Q q 0 0 0 rg BT 338.88 420.10 Td (results ) Tj ET Q q 0 0 0 rg BT 366.56 420.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.47 420.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 419.71 420.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.06 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.86 420.10 Td (past ) Tj ET Q q 0 0 0 rg BT 460.54 420.10 Td (have ) Tj ET Q q 0 0 0 rg BT 481.00 420.10 Td (been, ) Tj ET Q q 0 0 0 rg BT 503.96 420.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.97 420.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.33 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.13 420.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 408.10 Td (may ) Tj ET Q q 0 0 0 rg BT 342.19 408.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 379.85 408.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.85 408.10 Td (be, ) Tj ET Q q 0 0 0 rg BT 406.01 408.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 449.77 408.10 Td (af) Tj ET Q q 0 0 0 rg BT 457.36 408.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 485.01 408.10 Td (by ) Tj ET Q q 0 0 0 rg BT 498.23 408.10 Td (competition; ) Tj ET Q q 0 0 0 rg BT 552.01 408.10 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 396.10 Td (factors; ) Tj ET Q q 0 0 0 rg BT 353.97 396.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.63 396.10 Td (legislative, ) Tj ET Q q 0 0 0 rg BT 416.46 396.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 438.13 396.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.80 396.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 498.12 396.10 Td (developments; ) Tj ET Q q 0 0 0 rg BT 558.67 396.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 384.10 Td (well ) Tj ET Q q 0 0 0 rg BT 341.60 384.10 Td (as ) Tj ET Q q 0 0 0 rg BT 352.57 384.10 Td (other ) Tj ET Q q 0 0 0 rg BT 375.76 384.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 407.91 384.10 Td (These ) Tj ET Q q 0 0 0 rg BT 434.43 384.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 464.27 384.10 Td (also ) Tj ET Q q 0 0 0 rg BT 483.02 384.10 Td (may ) Tj ET Q q 0 0 0 rg BT 502.87 384.10 Td (have ) Tj ET Q q 0 0 0 rg BT 524.39 384.10 Td (an ) Tj ET Q q 0 0 0 rg BT 536.47 384.10 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 372.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 354.04 372.10 Td (on ) Tj ET Q q 0 0 0 rg BT 369.11 372.10 Td (our ) Tj ET Q q 0 0 0 rg BT 387.52 372.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 418.14 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.00 372.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 466.61 372.10 Td (our ) Tj ET Q q 0 0 0 rg BT 485.01 372.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 523.96 372.10 Td (objectives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 360.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 371.65 360.10 Td (, ) Tj ET Q q 0 0 0 rg BT 376.18 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.42 360.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 434.12 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.48 360.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.84 360.10 Td (results ) Tj ET Q q 0 0 0 rg BT 487.97 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.33 360.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 542.02 360.10 Td (herein ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 348.10 Td (may ) Tj ET Q q 0 0 0 rg BT 342.98 348.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 376.42 348.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 445.97 348.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 494.40 348.10 Td (These ) Tj ET Q q 0 0 0 rg BT 522.29 348.10 Td (statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 336.10 Td (which ) Tj ET Q q 0 0 0 rg BT 351.48 336.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 382.30 336.10 Td (management’) Tj ET Q q 0 0 0 rg BT 436.17 336.10 Td (s ) Tj ET Q q 0 0 0 rg BT 445.35 336.10 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 477.29 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.02 336.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 554.79 336.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 324.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 352.33 324.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.37 324.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 383.52 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.22 324.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 453.57 324.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.83 324.10 Td (may ) Tj ET Q q 0 0 0 rg BT 490.30 324.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 514.77 324.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 540.90 324.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.10 312.10 Td (dif) Tj ET Q q 0 0 0 rg BT 347.03 312.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 364.71 312.10 Td (materially) Tj ET Q q 0 0 0 rg BT 404.59 312.10 Td (. ) Tj ET Q q 0 0 0 rg BT 413.67 312.10 Td (For ) Tj ET Q q 0 0 0 rg BT 434.14 312.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.15 312.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 493.40 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.30 312.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.09 312.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 552.56 312.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 300.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 375.23 300.10 Td (that ) Tj ET Q q 0 0 0 rg BT 392.62 300.10 Td (may ) Tj ET Q q 0 0 0 rg BT 412.23 300.10 Td (af) Tj ET Q q 0 0 0 rg BT 419.82 300.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 437.19 300.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.92 300.10 Td (future ) Tj ET Q q 0 0 0 rg BT 479.19 300.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 510.19 300.10 Td (see ) Tj ET Q q 0 0 0 rg BT 525.35 300.10 Td (“Forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 288.10 Td (Looking ) Tj ET Q q 0 0 0 rg BT 360.17 288.10 Td (Statements,” ) Tj ET Q q 0 0 0 rg BT 415.53 288.10 Td (“Business—Competition,” ) Tj ET Q q 0 0 0 rg BT 527.00 288.10 Td (“Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 276.10 Td (—Supervision ) Tj ET Q q 0 0 0 rg BT 380.92 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.75 276.10 Td (Regulation,” ) Tj ET Q q 0 0 0 rg BT 448.96 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.79 276.10 Td (“Risk ) Tj ET Q q 0 0 0 rg BT 488.96 276.10 Td (Factors” ) Tj ET Q q 0 0 0 rg BT 524.22 276.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.39 276.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 276.10 Td (2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 264.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 351.75 264.10 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.31 264.10 Td (, ) Tj ET Q q 0 0 0 rg BT 383.14 264.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.92 264.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.35 264.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 455.91 264.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.68 264.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 515.90 264.10 Td (Resources—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 252.10 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 368.68 252.10 Td (Requirements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.23 252.10 Td (” ) Tj ET Q q 0 0 0 rg BT 431.16 252.10 Td (herein.) Tj ET 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 49.50 720.90 Td (Executive Summary) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 698.90 Td (Overview ) Tj ET Q q 0 0 0 rg BT 93.09 698.90 Td (of ) Tj ET Q q 0 0 0 rg BT 103.92 698.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 146.43 698.90 Td (Results) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 676.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.90 676.90 Td (Results) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 656.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.56 656.70 Td (Revenues) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 49.50 648.30 Td (\($ in millions\)) Tj ET Q /GS0 gs q 254.50 0 0 178.25 49.50 456.66 cm /I17 Do Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 414.45 Td (Net Income ) Tj ET Q q 0 0 0 rg BT 97.36 414.45 Td (Applicable to Morgan Stanley) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 49.50 406.05 Td (\($ in millions\)) Tj ET Q /GS0 gs q 254.50 0 0 157.95 49.50 233.11 cm /I18 Do Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 321.75 658.05 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 438.89 662.10 Td (1) Tj ET Q /GS0 gs q 254.50 0 0 173.15 321.75 459.47 cm /I19 Do Q BT /F1 10.00 Tf ET BT /F6 7.50 Tf ET q 0 0 0 rg BT 321.75 450.45 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 450.45 Td (For ) Tj ET Q q 0 0 0 rg BT 343.78 450.45 Td (the ) Tj ET Q q 0 0 0 rg BT 355.99 450.45 Td (calculation ) Tj ET Q q 0 0 0 rg BT 393.22 450.45 Td (of ) Tj ET Q q 0 0 0 rg BT 401.26 450.45 Td (basic ) Tj ET Q q 0 0 0 rg BT 420.55 450.45 Td (and ) Tj ET Q q 0 0 0 rg BT 434.85 450.45 Td (diluted ) Tj ET Q q 0 0 0 rg BT 458.73 450.45 Td (EPS, ) Tj ET Q q 0 0 0 rg BT 477.61 450.45 Td (see ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 491.49 450.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 509.11 450.45 Td (15) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 517.46 450.45 Td ( ) Tj ET Q q 0 0 0 rg BT 519.24 450.45 Td (to ) Tj ET Q q 0 0 0 rg BT 527.28 450.45 Td (the ) Tj ET Q q 0 0 0 rg BT 539.49 450.45 Td (financial ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 441.45 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 417.45 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 417.45 Td (W) Tj ET Q q 0 0 0 rg BT 339.39 417.45 Td (e ) Tj ET Q q 0 0 0 rg BT 346.52 417.45 Td (reported ) Tj ET Q q 0 0 0 rg BT 382.54 417.45 Td (net ) Tj ET Q q 0 0 0 rg BT 397.45 417.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 435.68 417.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.71 417.45 Td ($10,244 ) Tj ET Q q 0 0 0 rg BT 481.91 417.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.80 417.45 Td ( in ) Tj ET Q q 0 0 0 rg BT 523.77 417.45 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 417.45 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 405.45 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.05 405.45 Td (June ) Tj ET Q q 0 0 0 rg BT 381.79 405.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 398.71 405.45 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.71 405.45 Td ( ) Tj ET Q q 0 0 0 rg BT 423.13 405.45 Td (\(“current ) Tj ET Q q 0 0 0 rg BT 463.63 405.45 Td (quarter) Tj ET Q q 0 0 0 rg BT 491.55 405.45 Td (,” ) Tj ET Q q 0 0 0 rg BT 502.91 405.45 Td (or ) Tj ET Q q 0 0 0 rg BT 515.65 405.45 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.09 405.45 Td (2Q ) Tj ET Q q 0 0 0 rg BT 536.73 405.45 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.73 405.45 Td (”\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 393.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 371.80 393.45 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.21 393.45 Td ($10,610 ) Tj ET Q q 0 0 0 rg BT 425.33 393.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.23 393.45 Td ( ) Tj ET Q q 0 0 0 rg BT 455.85 393.45 Td (in ) Tj ET Q q 0 0 0 rg BT 465.26 393.45 Td (the ) Tj ET Q q 0 0 0 rg BT 479.10 393.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 509.05 393.45 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.55 393.45 Td (June ) Tj ET Q q 0 0 0 rg BT 554.51 393.45 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 381.45 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 381.45 Td ( ) Tj ET Q q 0 0 0 rg BT 353.78 381.45 Td (\(“prior ) Tj ET Q q 0 0 0 rg BT 384.02 381.45 Td (year ) Tj ET Q q 0 0 0 rg BT 404.27 381.45 Td (quarter) Tj ET Q q 0 0 0 rg BT 432.18 381.45 Td (,” ) Tj ET Q q 0 0 0 rg BT 442.15 381.45 Td (or ) Tj ET Q q 0 0 0 rg BT 453.52 381.45 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.95 381.45 Td (2Q ) Tj ET Q q 0 0 0 rg BT 473.21 381.45 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.21 381.45 Td (”\). ) Tj ET Q q 0 0 0 rg BT 506.51 381.45 Td (For ) Tj ET Q q 0 0 0 rg BT 523.44 381.45 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 381.45 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 369.45 Td (quarter) Tj ET Q q 0 0 0 rg BT 358.67 369.45 Td (, ) Tj ET Q q 0 0 0 rg BT 362.51 369.45 Td (net ) Tj ET Q q 0 0 0 rg BT 376.08 369.45 Td (income ) Tj ET Q q 0 0 0 rg BT 406.86 369.45 Td (applicable ) Tj ET Q q 0 0 0 rg BT 449.30 369.45 Td (to ) Tj ET Q q 0 0 0 rg BT 458.43 369.45 Td (Mor) Tj ET Q q 0 0 0 rg BT 475.47 369.45 Td (gan ) Tj ET Q q 0 0 0 rg BT 491.26 369.45 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 522.60 369.45 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 369.45 Td ($2,201 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 357.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.64 357.45 Td (, ) Tj ET Q q 0 0 0 rg BT 364.35 357.45 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.90 357.45 Td ($1.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.40 357.45 Td ( ) Tj ET Q q 0 0 0 rg BT 399.61 357.45 Td (per ) Tj ET Q q 0 0 0 rg BT 414.59 357.45 Td (diluted ) Tj ET Q q 0 0 0 rg BT 444.57 357.45 Td (common ) Tj ET Q q 0 0 0 rg BT 481.78 357.45 Td (share, ) Tj ET Q q 0 0 0 rg BT 507.59 357.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 549.23 357.45 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 345.45 Td ($2,437 ) Tj ET Q q 0 0 0 rg BT 361.57 345.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.46 345.45 Td ( ) Tj ET Q q 0 0 0 rg BT 393.79 345.45 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.44 345.45 Td ($1.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.94 345.45 Td ( ) Tj ET Q q 0 0 0 rg BT 431.26 345.45 Td (per ) Tj ET Q q 0 0 0 rg BT 447.35 345.45 Td (diluted ) Tj ET Q q 0 0 0 rg BT 478.45 345.45 Td (common ) Tj ET Q q 0 0 0 rg BT 516.77 345.45 Td (share, ) Tj ET Q q 0 0 0 rg BT 543.69 345.45 Td (in ) Tj ET Q q 0 0 0 rg BT 554.79 345.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 333.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 352.69 333.45 Td (year ) Tj ET Q q 0 0 0 rg BT 372.40 333.45 Td (quarter) Tj ET Q q 0 0 0 rg BT 400.16 333.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 309.45 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 309.45 Td (W) Tj ET Q q 0 0 0 rg BT 339.39 309.45 Td (e ) Tj ET Q q 0 0 0 rg BT 348.60 309.45 Td (reported ) Tj ET Q q 0 0 0 rg BT 386.70 309.45 Td (net ) Tj ET Q q 0 0 0 rg BT 403.69 309.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 444.00 309.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.11 309.45 Td ($20,530 ) Tj ET Q q 0 0 0 rg BT 494.39 309.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.28 309.45 Td ( in ) Tj ET Q q 0 0 0 rg BT 538.34 309.45 Td (the ) Tj ET Q q 0 0 0 rg BT 555.33 309.45 Td (six ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 297.45 Td (months ) Tj ET Q q 0 0 0 rg BT 361.64 297.45 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.96 297.45 Td (June ) Tj ET Q q 0 0 0 rg BT 406.74 297.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 420.68 297.45 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.68 297.45 Td ( ) Tj ET Q q 0 0 0 rg BT 442.13 297.45 Td (\(“current ) Tj ET Q q 0 0 0 rg BT 479.66 297.45 Td (year ) Tj ET Q q 0 0 0 rg BT 498.31 297.45 Td (period,” ) Tj ET Q q 0 0 0 rg BT 532.24 297.45 Td (or ) Tj ET Q q 0 0 0 rg BT 542.01 297.45 Td (“YTD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 285.45 Td (2019”\), ) Tj ET Q q 0 0 0 rg BT 363.26 285.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 404.93 285.45 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.96 285.45 Td ($21,687 ) Tj ET Q q 0 0 0 rg BT 459.71 285.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 285.45 Td ( ) Tj ET Q q 0 0 0 rg BT 490.84 285.45 Td (in ) Tj ET Q q 0 0 0 rg BT 500.87 285.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.33 285.45 Td (period ) Tj ET Q q 0 0 0 rg BT 543.12 285.45 Td (ended) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 273.45 Td (June ) Tj ET Q q 0 0 0 rg BT 350.96 273.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 365.34 273.45 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.34 273.45 Td ( ) Tj ET Q q 0 0 0 rg BT 387.23 273.45 Td (\(“prior ) Tj ET Q q 0 0 0 rg BT 416.32 273.45 Td (year ) Tj ET Q q 0 0 0 rg BT 435.41 273.45 Td (period,” ) Tj ET Q q 0 0 0 rg BT 469.77 273.45 Td (or ) Tj ET Q q 0 0 0 rg BT 479.99 273.45 Td (“YTD ) Tj ET Q q 0 0 0 rg BT 506.86 273.45 Td (2018”\). ) Tj ET Q q 0 0 0 rg BT 539.01 273.45 Td (For ) Tj ET Q q 0 0 0 rg BT 554.78 273.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 261.45 Td (current ) Tj ET Q q 0 0 0 rg BT 360.40 261.45 Td (year ) Tj ET Q q 0 0 0 rg BT 378.95 261.45 Td (period, ) Tj ET Q q 0 0 0 rg BT 408.33 261.45 Td (net ) Tj ET Q q 0 0 0 rg BT 421.88 261.45 Td (income ) Tj ET Q q 0 0 0 rg BT 452.65 261.45 Td (applicable ) Tj ET Q q 0 0 0 rg BT 495.08 261.45 Td (to ) Tj ET Q q 0 0 0 rg BT 504.20 261.45 Td (Mor) Tj ET Q q 0 0 0 rg BT 521.24 261.45 Td (gan ) Tj ET Q q 0 0 0 rg BT 537.01 261.45 Td (Stanley ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 249.45 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.28 249.45 Td ($4,630 ) Tj ET Q q 0 0 0 rg BT 381.76 249.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 249.45 Td (, ) Tj ET Q q 0 0 0 rg BT 417.13 249.45 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.44 249.45 Td ($2.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.94 249.45 Td ( ) Tj ET Q q 0 0 0 rg BT 455.92 249.45 Td (per ) Tj ET Q q 0 0 0 rg BT 472.67 249.45 Td (diluted ) Tj ET Q q 0 0 0 rg BT 504.43 249.45 Td (common ) Tj ET Q q 0 0 0 rg BT 543.40 249.45 Td (share, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 237.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 372.21 237.45 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.02 237.45 Td ($5,105 ) Tj ET Q q 0 0 0 rg BT 421.56 237.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.45 237.45 Td ( ) Tj ET Q q 0 0 0 rg BT 452.49 237.45 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.85 237.45 Td ($2.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.35 237.45 Td ( ) Tj ET Q q 0 0 0 rg BT 487.39 237.45 Td (per ) Tj ET Q q 0 0 0 rg BT 502.20 237.45 Td (diluted ) Tj ET Q q 0 0 0 rg BT 532.00 237.45 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 225.45 Td (share, ) Tj ET Q q 0 0 0 rg BT 356.85 225.45 Td (in ) Tj ET Q q 0 0 0 rg BT 367.13 225.45 Td (the ) Tj ET Q q 0 0 0 rg BT 381.84 225.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 403.78 225.45 Td (year ) Tj ET Q q 0 0 0 rg BT 423.49 225.45 Td (period. ) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I20 Do 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 722.85 Td (Non-interest Expenses) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 141.61 726.90 Td (1) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 49.50 708.85 Td (\($ in millions\)) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 49.50 688.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.33 688.85 Td ( ) Tj ET Q /GS0 gs q 254.50 0 0 217.25 49.50 466.57 cm /I21 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.55 Td ( ) Tj ET Q /GS0 gs q 254.50 0 0 198.80 49.50 250.78 cm /I22 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 250.75 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 241.75 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 232.75 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 232.75 Td (The ) Tj ET Q q 0 0 0 rg BT 74.02 232.75 Td (percentages ) Tj ET Q q 0 0 0 rg BT 117.91 232.75 Td (on ) Tj ET Q q 0 0 0 rg BT 128.85 232.75 Td (the ) Tj ET Q q 0 0 0 rg BT 141.88 232.75 Td (bars ) Tj ET Q q 0 0 0 rg BT 159.07 232.75 Td (in ) Tj ET Q q 0 0 0 rg BT 167.50 232.75 Td (the ) Tj ET Q q 0 0 0 rg BT 180.53 232.75 Td (chart ) Tj ET Q q 0 0 0 rg BT 199.81 232.75 Td (represent ) Tj ET Q q 0 0 0 rg BT 234.09 232.75 Td (the ) Tj ET Q q 0 0 0 rg BT 247.12 232.75 Td (contribution ) Tj ET Q q 0 0 0 rg BT 288.50 232.75 Td (of ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 223.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.25 223.75 Td (and ) Tj ET Q q 0 0 0 rg BT 121.82 223.75 Td (benefits ) Tj ET Q q 0 0 0 rg BT 150.15 223.75 Td (expenses ) Tj ET Q q 0 0 0 rg BT 184.31 223.75 Td (and ) Tj ET Q q 0 0 0 rg BT 198.88 223.75 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 262.65 223.75 Td (expenses ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 214.75 Td (to ) Tj ET Q q 0 0 0 rg BT 66.84 214.75 Td (total ) Tj ET Q q 0 0 0 rg BT 83.10 214.75 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 124.79 214.75 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 722.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 722.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 391.92 722.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.76 722.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 444.81 722.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 484.31 722.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.04 722.10 Td ($4,531 ) Tj ET Q q 0 0 0 rg BT 526.94 722.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.83 722.10 Td ( ) Tj ET Q q 0 0 0 rg BT 559.23 722.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.42 710.10 Td (current ) Tj ET Q q 0 0 0 rg BT 378.18 710.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 409.95 710.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.84 710.10 Td ($9,182 ) Tj ET Q q 0 0 0 rg BT 458.79 710.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.68 710.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.13 710.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.36 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.03 710.10 Td (current ) Tj ET Q q 0 0 0 rg BT 549.80 710.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 698.10 Td (period ) Tj ET Q q 0 0 0 rg BT 360.67 698.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.45 698.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.78 698.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.15 698.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.96 698.10 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.29 698.10 Td (, ) Tj ET Q q 0 0 0 rg BT 461.16 698.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 508.82 698.10 Td (, ) Tj ET Q q 0 0 0 rg BT 515.69 698.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 698.10 Td ($4,621 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 686.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.64 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.80 686.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.74 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.11 686.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 411.71 686.10 Td (year ) Tj ET Q q 0 0 0 rg BT 432.07 686.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 463.55 686.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.14 686.10 Td ($9,535 ) Tj ET Q q 0 0 0 rg BT 511.80 686.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.69 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 543.85 686.10 Td (in ) Tj ET Q q 0 0 0 rg BT 554.79 686.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 674.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 351.79 674.10 Td (year ) Tj ET Q q 0 0 0 rg BT 370.60 674.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.13 674.10 Td (These ) Tj ET Q q 0 0 0 rg BT 425.61 674.10 Td (results ) Tj ET Q q 0 0 0 rg BT 453.31 674.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 492.13 674.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 528.70 674.10 Td (decreases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 662.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.82 662.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 399.32 662.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 440.26 662.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 500.10 662.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 529.94 662.10 Td (by ) Tj ET Q q 0 0 0 rg BT 544.23 662.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 650.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 370.85 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.86 650.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 432.73 650.10 Td (related ) Tj ET Q q 0 0 0 rg BT 464.50 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.85 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.64 650.10 Td (roll-of) Tj ET Q q 0 0 0 rg BT 519.00 650.10 Td (f ) Tj ET Q q 0 0 0 rg BT 526.90 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.80 650.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 638.10 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 406.75 638.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 447.20 638.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 484.32 638.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 509.51 638.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 544.41 638.10 Td (of) Tj ET Q q 0 0 0 rg BT 552.56 638.10 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 626.10 Td (by ) Tj ET Q q 0 0 0 rg BT 342.44 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.12 626.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 382.46 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.92 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.83 626.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 421.39 626.10 Td (value ) Tj ET Q q 0 0 0 rg BT 444.73 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.75 626.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 504.21 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.67 626.10 Td (which ) Tj ET Q q 0 0 0 rg BT 539.80 626.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 614.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 365.95 614.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 423.39 614.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 446.39 614.10 Td (are ) Tj ET Q q 0 0 0 rg BT 460.50 614.10 Td (referenced, ) Tj ET Q q 0 0 0 rg BT 507.08 614.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 534.52 614.10 Td (salaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.59 602.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 383.30 602.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 441.24 602.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 484.74 602.10 Td (with ) Tj ET Q q 0 0 0 rg BT 504.92 602.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 535.07 602.10 Td (interest. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 590.10 Td (In ) Tj ET Q q 0 0 0 rg BT 342.75 590.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 381.70 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.15 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.04 590.10 Td (current ) Tj ET Q q 0 0 0 rg BT 441.02 590.10 Td (year ) Tj ET Q q 0 0 0 rg BT 461.90 590.10 Td (period ) Tj ET Q q 0 0 0 rg BT 491.12 590.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 552.57 590.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 578.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 365.00 578.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 403.70 578.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 445.71 578.10 Td (due ) Tj ET Q q 0 0 0 rg BT 462.75 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.12 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.94 578.10 Td (formulaic ) Tj ET Q q 0 0 0 rg BT 529.41 578.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 559.22 578.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 566.10 Td (W) Tj ET Q q 0 0 0 rg BT 339.39 566.10 Td (ealth ) Tj ET Q q 0 0 0 rg BT 362.30 566.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 417.98 566.10 Td (representatives ) Tj ET Q q 0 0 0 rg BT 481.44 566.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 510.46 566.10 Td (by ) Tj ET Q q 0 0 0 rg BT 523.94 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.64 566.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 558.68 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 569.51 566.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 554.10 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.79 554.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 530.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 530.10 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 408.22 530.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 445.70 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.41 530.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.79 530.10 Td ($2,810 ) Tj ET Q q 0 0 0 rg BT 485.66 530.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.56 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 515.93 530.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.09 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 530.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 518.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 362.15 518.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.67 518.10 Td ($5,490 ) Tj ET Q q 0 0 0 rg BT 410.25 518.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.14 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.22 518.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.08 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.38 518.10 Td (current ) Tj ET Q q 0 0 0 rg BT 499.77 518.10 Td (year ) Tj ET Q q 0 0 0 rg BT 520.06 518.10 Td (period ) Tj ET Q q 0 0 0 rg BT 548.69 518.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 506.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.69 506.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.02 506.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.54 506.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.51 506.10 Td ($2,880 ) Tj ET Q q 0 0 0 rg BT 440.53 506.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.42 506.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.95 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.25 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.99 506.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 518.95 506.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.68 506.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 494.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.27 494.10 Td ($5,623 ) Tj ET Q q 0 0 0 rg BT 376.84 494.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.74 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.81 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.67 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.96 494.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 453.48 494.10 Td (year ) Tj ET Q q 0 0 0 rg BT 472.76 494.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.74 494.10 Td (These ) Tj ET Q q 0 0 0 rg BT 528.69 494.10 Td (decreases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 482.10 Td (were ) Tj ET Q q 0 0 0 rg BT 355.21 482.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 397.45 482.10 Td (due ) Tj ET Q q 0 0 0 rg BT 416.92 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.72 482.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 457.52 482.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 498.66 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.12 482.10 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 470.10 Td (services ) Tj ET Q q 0 0 0 rg BT 365.94 470.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 407.52 470.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 443.83 470.10 Td (of) Tj ET Q q 0 0 0 rg BT 451.98 470.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 469.40 470.10 Td (by ) Tj ET Q q 0 0 0 rg BT 482.38 470.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 523.12 470.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.53 458.10 Td (technology) Tj ET Q q 0 0 0 rg BT 385.31 458.10 Td (. ) Tj ET Q q 0 0 0 rg BT 390.81 458.10 Td (In ) Tj ET Q q 0 0 0 rg BT 402.13 458.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 440.40 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.18 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.39 458.10 Td (current ) Tj ET Q q 0 0 0 rg BT 497.71 458.10 Td (year ) Tj ET Q q 0 0 0 rg BT 517.91 458.10 Td (period ) Tj ET Q q 0 0 0 rg BT 546.45 458.10 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 446.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 391.33 446.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 432.46 446.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 476.91 446.10 Td (due ) Tj ET Q q 0 0 0 rg BT 496.39 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.20 446.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 537.00 446.10 Td (volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 434.10 Td (related ) Tj ET Q q 0 0 0 rg BT 360.45 434.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.05 434.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 422.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 321.75 410.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 353.68 410.10 Td (T) Tj ET Q q 0 0 0 rg BT 358.32 410.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 388.10 Td (Intermittent ) Tj ET Q q 0 0 0 rg BT 372.70 388.10 Td (net ) Tj ET Q q 0 0 0 rg BT 388.65 388.10 Td (discrete ) Tj ET Q q 0 0 0 rg BT 423.49 388.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 439.44 388.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 474.84 388.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.91 388.10 Td ($101 ) Tj ET Q q 0 0 0 rg BT 510.64 388.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.54 388.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.28 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 554.79 388.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 376.10 Td (current ) Tj ET Q q 0 0 0 rg BT 353.16 376.10 Td (year ) Tj ET Q q 0 0 0 rg BT 373.45 376.10 Td (period ) Tj ET Q q 0 0 0 rg BT 402.09 376.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.62 376.10 Td ($88 ) Tj ET Q q 0 0 0 rg BT 437.71 376.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.60 376.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.69 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.56 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.86 376.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 518.39 376.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.69 376.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.20 364.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 367.66 364.10 Td (year ) Tj ET Q q 0 0 0 rg BT 390.88 364.10 Td (period ) Tj ET Q q 0 0 0 rg BT 422.44 364.10 Td (are ) Tj ET Q q 0 0 0 rg BT 440.66 364.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 483.88 364.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 530.99 364.10 Td (with ) Tj ET Q q 0 0 0 rg BT 554.79 364.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 352.10 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 386.97 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.44 352.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 436.34 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.92 352.10 Td (related ) Tj ET Q q 0 0 0 rg BT 486.27 352.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 519.84 352.10 Td (due ) Tj ET Q q 0 0 0 rg BT 538.42 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.34 352.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 340.10 Td (information ) Tj ET Q q 0 0 0 rg BT 370.45 340.10 Td (with ) Tj ET Q q 0 0 0 rg BT 389.71 340.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 416.73 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 426.00 340.10 Td (multi-jurisdiction ) Tj ET Q q 0 0 0 rg BT 497.48 340.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 511.18 340.10 Td (examinations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 328.10 Td (For ) Tj ET Q q 0 0 0 rg BT 344.65 328.10 Td (further ) Tj ET Q q 0 0 0 rg BT 380.86 328.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 439.58 328.10 Td (see ) Tj ET Q q 0 0 0 rg BT 461.35 328.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.79 328.10 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 529.79 328.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 316.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 372.01 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.95 316.10 Td (Disclosures—Income ) Tj ET Q q 0 0 0 rg BT 477.92 316.10 Td (T) Tj ET Q q 0 0 0 rg BT 483.33 316.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 495.27 316.10 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.81 316.10 Td (” ) Tj ET Q q 0 0 0 rg BT 532.75 316.10 Td (herein.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I23 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 49.50 722.85 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 157 692.35 m 193 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 692.35 m 229 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 692.35 m 262 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 692.35 m 295 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 681.35 m 157 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157 681.35 m 193 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 681.35 m 229 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 692.35 m 262 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 681.35 m 262 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 692.35 m 295 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 681.35 m 295 681.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 662.35 m 157 662.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157 681.35 m 193 681.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157 662.35 m 193 662.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 681.35 m 229 681.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 662.35 m 229 662.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 681.35 m 262 681.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 662.35 m 262 662.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 681.35 m 295 681.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 662.35 m 295 662.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 643.35 m 157 643.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157 662.35 m 193 662.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157 643.35 m 193 643.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 662.35 m 229 662.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 643.35 m 229 643.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 662.35 m 262 662.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 643.35 m 262 643.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 662.35 m 295 662.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 643.35 m 295 643.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 617.35 m 157 617.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 157 617.35 m 193 617.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 193 617.35 m 229 617.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 643.35 m 262 643.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 229 617.35 m 262 617.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 643.35 m 295 643.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 262 617.35 m 295 617.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 229 617.35 m 262 617.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 262 617.35 m 295 617.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 605.35 m 157 605.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 593.35 m 157 593.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157 605.35 m 193 605.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157 593.35 m 193 593.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 605.35 m 229 605.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 593.35 m 229 593.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 605.35 m 262 605.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 593.35 m 262 593.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 605.35 m 295 605.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 593.35 m 295 593.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 581.35 m 157 581.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 157 581.35 m 193 581.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 581.35 m 229 581.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 581.35 m 262 581.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 581.35 m 295 581.35 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 696.35 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 159.80 703.35 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 179.05 696.35 Td (June 30,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 233.05 703.35 Td (Six Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 248.05 696.35 Td (June 30,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 52.50 685.13 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 166.70 684.75 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 202.70 684.75 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.20 684.75 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.20 684.75 Td (2018) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 673.75 Td (Net income applicable to ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 666.75 Td ( Morgan Stanley) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 168.70 666.35 Td (2,201) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 204.70 666.35 Td (2,437) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.70 666.35 Td (4,630) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.70 666.35 Td (5,105) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 654.75 Td (Preferred stock dividends and) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 647.75 Td (other) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 174.55 647.35 Td (170) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 210.55 647.35 Td (170) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 243.55 647.35 Td (263) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 276.55 647.35 Td (263) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 52.50 635.75 Td (Earnings applicable to ) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 52.50 628.75 Td ( Morgan Stanley common ) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 57.00 621.75 Td (shareholders) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 159.50 621.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 168.70 621.35 Td (2,031) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 195.50 621.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 204.70 621.35 Td (2,267) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 231.50 621.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.70 621.35 Td (4,367) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 264.50 621.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.70 621.35 Td (4,842) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 609.35 Td (Expense ef) Tj ET Q q 0 0 0 rg BT 87.40 609.35 Td (ficiency ratio) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 126.30 612.69 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 172.60 609.35 Td (71.7) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 186.25 609.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 208.60 609.35 Td (70.7) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 222.25 609.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 241.60 609.35 Td (71.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 255.25 609.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 609.35 Td (69.9) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 609.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 597.35 Td (ROE) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 67.67 600.69 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 172.60 597.35 Td (1) Tj ET Q q 0 0 0 rg BT 176.49 597.35 Td (1.2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 186.25 597.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 208.60 597.35 Td (13.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 222.25 597.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 241.60 597.35 Td (12.1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 255.25 597.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 597.35 Td (13.9) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 597.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 585.35 Td (ROTCE) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 77.00 588.69 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 172.60 585.35 Td (12.8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 186.25 585.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 208.60 585.35 Td (14.9) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 222.25 585.35 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 241.60 585.35 Td (13.8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 255.25 585.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 585.35 Td (16.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 585.35 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 50 545.35 m 193 545.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 545.35 m 244 545.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 545.35 m 295 545.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 533.35 m 193 533.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 533.35 m 244 533.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 533.35 m 295 533.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 521.35 m 193 521.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 521.35 m 244 521.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 521.35 m 295 521.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 509.35 m 193 509.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 509.35 m 244 509.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 509.35 m 295 509.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 497.35 m 193 497.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 497.35 m 244 497.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 497.35 m 295 497.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 485.35 m 193 485.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 485.35 m 244 485.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 485.35 m 295 485.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 473.35 m 193 473.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 473.35 m 244 473.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 473.35 m 295 473.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 461.35 m 193 461.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 461.35 m 244 461.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 461.35 m 295 461.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 449.35 m 193 449.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 449.35 m 244 449.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 449.35 m 295 449.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 437.35 m 193 437.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 425.35 m 193 425.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 437.35 m 244 437.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 425.35 m 244 425.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 437.35 m 295 437.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 425.35 m 295 425.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 413.35 m 193 413.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 413.35 m 244 413.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 413.35 m 295 413.35 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 52.50 549.13 Td (in millions, except per share and employee data) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 214.30 563.35 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 203.95 556.35 Td (June 30,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 210.20 549.35 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.65 563.35 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 247.00 556.35 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 261.20 549.35 Td (2018) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 537.35 Td (GLR) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 66.89 540.69 Td (3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.50 537.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.80 537.35 Td (221,792) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 537.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.80 537.35 Td (249,735) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 525.35 Td (Loans) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 71.57 528.69 Td (4) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.50 525.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.80 525.35 Td (120,901) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 525.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.80 525.35 Td (1) Tj ET Q q 0 0 0 rg BT 270.69 525.35 Td (15,579) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 513.75 Td (T) Tj ET Q q 0 0 0 rg BT 56.39 513.75 Td (otal assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.50 513.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.80 513.35 Td (891,959) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 513.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.80 513.35 Td (853,531) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 501.75 Td (Deposits) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.50 501.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.80 501.35 Td (176,593) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 501.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.80 501.35 Td (187,820) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 489.75 Td (Borrowings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.50 489.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 215.80 489.35 Td (197,848) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 489.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 266.80 489.35 Td (189,662) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 477.75 Td (Common shares outstanding) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.60 477.35 Td (1,659) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 477.35 Td (1,700) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 465.75 Td (Common shareholders' equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.50 465.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.70 465.35 Td (73,204) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 465.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.70 465.35 Td (71,726) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 453.35 Td (T) Tj ET Q q 0 0 0 rg BT 56.00 453.35 Td (angible common shareholders’) Tj ET Q q 0 0 0 rg BT 151.07 453.35 Td ( equity) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 171.69 456.69 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.50 453.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.70 453.35 Td (63,771) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 453.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.70 453.35 Td (62,879) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 441.35 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 147.44 444.69 Td (5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.50 441.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.60 441.35 Td (44.13) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 441.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 441.35 Td (42.20) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 429.35 Td (T) Tj ET Q q 0 0 0 rg BT 56.00 429.35 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 174.68 432.69 Td (2, 5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 195.50 429.35 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.60 429.35 Td (38.44) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 246.50 429.35 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 429.35 Td (36.99) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 417.75 Td (W) Tj ET Q q 0 0 0 rg BT 58.98 417.75 Td (orldwide employees) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.70 417.35 Td (59,513) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.70 417.35 Td (60,348) 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 50 379.35 m 193 379.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 379.35 m 244 379.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 379.35 m 295 379.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 355.35 m 193 355.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 355.35 m 244 355.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 355.35 m 295 355.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 343.35 m 193 343.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 343.35 m 244 343.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 343.35 m 295 343.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 331.35 m 193 331.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 319.35 m 193 319.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 331.35 m 244 331.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 319.35 m 244 319.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 331.35 m 295 331.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 319.35 m 295 319.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 307.35 m 193 307.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 307.35 m 244 307.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 244 307.35 m 295 307.35 l s BT /F7 7.00 Tf ET q 0 0 0 rg BT 214.30 395.75 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 203.95 388.75 Td (June 30,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 210.20 381.75 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.65 395.75 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 247.00 388.75 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 261.20 381.75 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 52.50 371.35 Td (Capital ratios) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 96.84 374.69 Td (6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 359.35 Td (Common Equity ) Tj ET Q q 0 0 0 rg BT 104.18 359.35 Td (T) Tj ET Q q 0 0 0 rg BT 108.26 359.35 Td (ier 1 capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.60 359.35 Td (16.3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.25 359.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 359.35 Td (16.9) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 359.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 347.35 Td (T) Tj ET Q q 0 0 0 rg BT 56.65 347.35 Td (ier 1 capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.60 347.35 Td (18.6) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.25 347.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 347.35 Td (19.2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 347.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 335.35 Td (T) Tj ET Q q 0 0 0 rg BT 56.39 335.35 Td (otal capital) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.60 335.35 Td (21.0) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.25 335.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 335.35 Td (21.8) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 335.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 323.35 Td (T) Tj ET Q q 0 0 0 rg BT 56.65 323.35 Td (ier 1 leverage) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 227.50 323.35 Td (8.4) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.25 323.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 278.50 323.35 Td (8.4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 323.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 311.35 Td (SLR) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 227.50 311.35 Td (6.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 237.25 311.35 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 278.50 311.35 Td (6.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 311.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 49.50 294.05 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 294.05 Td (The ) Tj ET Q q 0 0 0 rg BT 70.97 294.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 96.82 294.05 Td (ef) Tj ET Q q 0 0 0 rg BT 102.12 294.05 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 125.06 294.05 Td (ratio ) Tj ET Q q 0 0 0 rg BT 138.98 294.05 Td (represents ) Tj ET Q q 0 0 0 rg BT 170.96 294.05 Td (total ) Tj ET Q q 0 0 0 rg BT 184.51 294.05 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 220.11 294.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 249.21 294.05 Td (as ) Tj ET Q q 0 0 0 rg BT 257.34 294.05 Td (a ) Tj ET Q q 0 0 0 rg BT 262.22 294.05 Td (percentage ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 65.73 286.25 Td (net ) Tj ET Q q 0 0 0 rg BT 76.57 286.25 Td (revenues.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 49.50 278.45 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 278.45 Td (Represents ) Tj ET Q q 0 0 0 rg BT 92.94 278.45 Td (a ) Tj ET Q q 0 0 0 rg BT 97.75 278.45 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 128.71 278.45 Td ( ) Tj ET Q q 0 0 0 rg BT 129.91 278.45 Td (measure. ) Tj ET Q q 0 0 0 rg BT 158.20 278.45 Td (See ) Tj ET Q q 0 0 0 rg BT 170.97 278.45 Td (“) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.13 278.45 Td (Selected ) Tj ET Q q 0 0 0 rg BT 199.63 278.45 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 231.66 278.45 Td ( ) Tj ET Q q 0 0 0 rg BT 232.86 278.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 260.07 278.45 Td (Information) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 292.59 278.45 Td (” ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 270.65 Td (herein.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 49.50 262.85 Td (3. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 262.85 Td (For ) Tj ET Q q 0 0 0 rg BT 70.18 262.85 Td (a ) Tj ET Q q 0 0 0 rg BT 75.73 262.85 Td (discussion ) Tj ET Q q 0 0 0 rg BT 108.02 262.85 Td (of ) Tj ET Q q 0 0 0 rg BT 115.37 262.85 Td (the ) Tj ET Q q 0 0 0 rg BT 126.34 262.85 Td (GLR, ) Tj ET Q q 0 0 0 rg BT 143.45 262.85 Td (see ) Tj ET Q q 0 0 0 rg BT 155.86 262.85 Td (“) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 158.03 262.85 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 183.81 262.85 Td (and ) Tj ET Q q 0 0 0 rg BT 196.59 262.85 Td (Capital ) Tj ET Q q 0 0 0 rg BT 218.76 262.85 Td (Resources—Liquidity ) Tj ET Q q 0 0 0 rg BT 282.12 262.85 Td (Risk ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 255.05 Td (Management ) Tj ET Q q 0 0 0 rg BT 98.25 255.05 Td (Framework—Global ) Tj ET Q q 0 0 0 rg BT 157.85 255.05 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 183.51 255.05 Td (Reserve) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 207.71 255.05 Td (” ) Tj ET Q q 0 0 0 rg BT 211.68 255.05 Td (herein.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 49.50 247.25 Td (4. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 247.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 85.48 247.25 Td (include ) Tj ET Q q 0 0 0 rg BT 107.41 247.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 124.28 247.25 Td (held ) Tj ET Q q 0 0 0 rg BT 137.90 247.25 Td (for ) Tj ET Q q 0 0 0 rg BT 146.81 247.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 179.57 247.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 192.10 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.85 247.25 Td (allowance\) ) Tj ET Q q 0 0 0 rg BT 231.26 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.43 247.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 260.30 247.25 Td (held ) Tj ET Q q 0 0 0 rg BT 273.92 247.25 Td (for ) Tj ET Q q 0 0 0 rg BT 282.84 247.25 Td (sale ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 239.45 Td (but ) Tj ET Q q 0 0 0 rg BT 69.31 239.45 Td (exclude ) Tj ET Q q 0 0 0 rg BT 93.49 239.45 Td (loans ) Tj ET Q q 0 0 0 rg BT 110.81 239.45 Td (at ) Tj ET Q q 0 0 0 rg BT 118.00 239.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 128.81 239.45 Td (value, ) Tj ET Q q 0 0 0 rg BT 147.93 239.45 Td (which ) Tj ET Q q 0 0 0 rg BT 166.32 239.45 Td (are ) Tj ET Q q 0 0 0 rg BT 177.49 239.45 Td (included ) Tj ET Q q 0 0 0 rg BT 203.48 239.45 Td (in ) Tj ET Q q 0 0 0 rg BT 210.20 239.45 Td (T) Tj ET Q q 0 0 0 rg BT 213.93 239.45 Td (rading ) Tj ET Q q 0 0 0 rg BT 233.77 239.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 254.33 239.45 Td (in ) Tj ET Q q 0 0 0 rg BT 261.17 239.45 Td (the ) Tj ET Q q 0 0 0 rg BT 271.98 239.45 Td (balance ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 231.65 Td (sheets ) Tj ET Q q 0 0 0 rg BT 79.46 231.65 Td (\(see ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 93.91 231.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 109.45 231.65 Td (7) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 113.06 231.65 Td ( ) Tj ET Q q 0 0 0 rg BT 114.87 231.65 Td (to ) Tj ET Q q 0 0 0 rg BT 122.10 231.65 Td (the ) Tj ET Q q 0 0 0 rg BT 132.94 231.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.59 231.65 Td (statements\).) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 49.50 223.85 Td (5. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 223.85 Td (Book ) Tj ET Q q 0 0 0 rg BT 75.45 223.85 Td (value ) Tj ET Q q 0 0 0 rg BT 93.12 223.85 Td (per ) Tj ET Q q 0 0 0 rg BT 104.65 223.85 Td (common ) Tj ET Q q 0 0 0 rg BT 131.70 223.85 Td (share ) Tj ET Q q 0 0 0 rg BT 150.09 223.85 Td (and ) Tj ET Q q 0 0 0 rg BT 163.07 223.85 Td (tangible ) Tj ET Q q 0 0 0 rg BT 187.97 223.85 Td (book ) Tj ET Q q 0 0 0 rg BT 204.20 223.85 Td (value ) Tj ET Q q 0 0 0 rg BT 221.87 223.85 Td (per ) Tj ET Q q 0 0 0 rg BT 233.40 223.85 Td (common ) Tj ET Q q 0 0 0 rg BT 260.45 223.85 Td (share ) Tj ET Q q 0 0 0 rg BT 278.84 223.85 Td (equal ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 216.05 Td (common ) Tj ET Q q 0 0 0 rg BT 89.02 216.05 Td (shareholders’) Tj ET Q q 0 0 0 rg BT 127.81 216.05 Td ( ) Tj ET Q q 0 0 0 rg BT 133.41 216.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 156.35 216.05 Td (and ) Tj ET Q q 0 0 0 rg BT 172.80 216.05 Td (tangible ) Tj ET Q q 0 0 0 rg BT 201.17 216.05 Td (common ) Tj ET Q q 0 0 0 rg BT 231.70 216.05 Td (shareholders’) Tj ET Q q 0 0 0 rg BT 270.48 216.05 Td ( ) Tj ET Q q 0 0 0 rg BT 276.08 216.05 Td (equity) Tj ET Q q 0 0 0 rg BT 292.94 216.05 Td (, ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 208.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 92.34 208.25 Td (, ) Tj ET Q q 0 0 0 rg BT 95.95 208.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 118.36 208.25 Td (by ) Tj ET Q q 0 0 0 rg BT 127.03 208.25 Td (common ) Tj ET Q q 0 0 0 rg BT 153.76 208.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 175.07 208.25 Td (outstanding.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 49.50 200.45 Td (6. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 200.45 Td (At ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 66.58 200.45 Td (June ) Tj ET Q q 0 0 0 rg BT 82.62 200.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 93.59 200.45 Td (2019) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 108.05 200.45 Td ( ) Tj ET Q q 0 0 0 rg BT 109.99 200.45 Td (and ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 122.78 200.45 Td (December ) Tj ET Q q 0 0 0 rg BT 154.70 200.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 165.68 200.45 Td (2018) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 180.14 200.45 Td (, ) Tj ET Q q 0 0 0 rg BT 183.88 200.45 Td (our ) Tj ET Q q 0 0 0 rg BT 195.22 200.45 Td (risk-based ) Tj ET Q q 0 0 0 rg BT 227.14 200.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 247.87 200.45 Td (ratios ) Tj ET Q q 0 0 0 rg BT 265.71 200.45 Td (are ) Tj ET Q q 0 0 0 rg BT 277.04 200.45 Td (based ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 192.65 Td (on ) Tj ET Q q 0 0 0 rg BT 68.48 192.65 Td (the ) Tj ET Q q 0 0 0 rg BT 80.27 192.65 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 120.78 192.65 Td (Approach ) Tj ET Q q 0 0 0 rg BT 151.35 192.65 Td (rules. ) Tj ET Q q 0 0 0 rg BT 170.00 192.65 Td (For ) Tj ET Q q 0 0 0 rg BT 182.50 192.65 Td (a ) Tj ET Q q 0 0 0 rg BT 188.86 192.65 Td (discussion ) Tj ET Q q 0 0 0 rg BT 221.96 192.65 Td (of ) Tj ET Q q 0 0 0 rg BT 230.13 192.65 Td (our ) Tj ET Q q 0 0 0 rg BT 242.28 192.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 263.82 192.65 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 284.27 192.65 Td (see ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 184.85 Td (“) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 60.66 184.85 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 86.32 184.85 Td (and ) Tj ET Q q 0 0 0 rg BT 98.97 184.85 Td (Capital ) Tj ET Q q 0 0 0 rg BT 121.01 184.85 Td (Resources—Regulatory ) Tj ET Q q 0 0 0 rg BT 191.83 184.85 Td (Requirements) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.29 184.85 Td (” ) Tj ET Q q 0 0 0 rg BT 236.26 184.85 Td (herein. ) Tj ET Q q 0 0 0 rg BT 256.50 184.85 Td ( ) Tj ET Q q 0 0 0 rg BT 292.50 184.85 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 58.50 177.05 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 177.05 Td ( ) Tj ET Q q 0 0 0 rg BT 112.50 177.05 Td ( ) Tj ET Q q 0 0 0 rg BT 148.50 177.05 Td ( ) Tj ET Q q 0 0 0 rg BT 184.50 177.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 722.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 360.93 722.25 Td (Segment ) Tj ET Q q 0 0 0 rg BT 398.99 722.25 Td (Results) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 321.75 702.05 Td (Net Revenues by Segment) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 428.51 706.10 Td (1, 2) Tj ET Q BT /F7 8.50 Tf ET BT /F7 5.52 Tf ET q 0 0 0 rg BT 437.73 706.10 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 321.75 693.65 Td (\($ in millions\)) Tj ET Q /GS0 gs q 254.00 0 0 170.00 321.75 518.65 cm /I24 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 494.65 Td ( ) Tj ET Q /GS0 gs q 254.50 0 0 177.15 321.75 312.49 cm /I25 Do Q BT /F1 10.00 Tf ET /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I26 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 722.85 Td (Net Income ) Tj ET Q q 0 0 0 rg BT 97.36 722.85 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 266.93 726.90 Td (1, 3) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 49.50 714.45 Td (\($ in millions\)) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 167.60 705.45 Td ( ) Tj ET Q /GS0 gs q 254.50 0 0 153.80 49.50 546.66 cm /I27 Do Q BT /F1 10.00 Tf ET /GS0 gs q 254.50 0 0 158.65 49.50 370.96 cm /I28 Do Q BT /F1 10.00 Tf ET BT /F1 5.00 Tf ET q 0 0 0 rg BT 167.60 364.95 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 355.95 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 355.95 Td (The ) Tj ET Q q 0 0 0 rg BT 73.68 355.95 Td (percentages ) Tj ET Q q 0 0 0 rg BT 117.22 355.95 Td (on ) Tj ET Q q 0 0 0 rg BT 127.82 355.95 Td (the ) Tj ET Q q 0 0 0 rg BT 140.51 355.95 Td (bars ) Tj ET Q q 0 0 0 rg BT 157.36 355.95 Td (in ) Tj ET Q q 0 0 0 rg BT 165.46 355.95 Td (the ) Tj ET Q q 0 0 0 rg BT 178.14 355.95 Td (charts ) Tj ET Q q 0 0 0 rg BT 200.82 355.95 Td (represent ) Tj ET Q q 0 0 0 rg BT 234.77 355.95 Td (the ) Tj ET Q q 0 0 0 rg BT 247.46 355.95 Td (contribution ) Tj ET Q q 0 0 0 rg BT 288.49 355.95 Td (of ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 346.95 Td (each ) Tj ET Q q 0 0 0 rg BT 77.17 346.95 Td (business ) Tj ET Q q 0 0 0 rg BT 109.17 346.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 140.34 346.95 Td (to ) Tj ET Q q 0 0 0 rg BT 148.99 346.95 Td (the ) Tj ET Q q 0 0 0 rg BT 161.82 346.95 Td (total ) Tj ET Q q 0 0 0 rg BT 178.40 346.95 Td (of ) Tj ET Q q 0 0 0 rg BT 187.06 346.95 Td (the ) Tj ET Q q 0 0 0 rg BT 199.89 346.95 Td (applicable ) Tj ET Q q 0 0 0 rg BT 236.06 346.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 265.99 346.95 Td (category ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 337.95 Td (and ) Tj ET Q q 0 0 0 rg BT 73.10 337.95 Td (may ) Tj ET Q q 0 0 0 rg BT 89.35 337.95 Td (not ) Tj ET Q q 0 0 0 rg BT 101.86 337.95 Td (total ) Tj ET Q q 0 0 0 rg BT 118.12 337.95 Td (to ) Tj ET Q q 0 0 0 rg BT 126.46 337.95 Td (100% ) Tj ET Q q 0 0 0 rg BT 147.73 337.95 Td (due ) Tj ET Q q 0 0 0 rg BT 162.33 337.95 Td (to ) Tj ET Q q 0 0 0 rg BT 170.67 337.95 Td (intersegment ) Tj ET Q q 0 0 0 rg BT 216.11 337.95 Td (eliminations.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 328.95 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 328.95 Td (The ) Tj ET Q q 0 0 0 rg BT 74.05 328.95 Td (total ) Tj ET Q q 0 0 0 rg BT 90.85 328.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 118.49 328.95 Td (of ) Tj ET Q q 0 0 0 rg BT 127.37 328.95 Td (Net ) Tj ET Q q 0 0 0 rg BT 141.67 328.95 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 178.07 328.95 Td (by ) Tj ET Q q 0 0 0 rg BT 188.61 328.95 Td (Segment ) Tj ET Q q 0 0 0 rg BT 221.26 328.95 Td (includes ) Tj ET Q q 0 0 0 rg BT 251.40 328.95 Td (intersegment ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 319.95 Td (eliminations ) Tj ET Q q 0 0 0 rg BT 99.62 319.95 Td (of ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 107.39 319.95 Td ($\(1) Tj ET Q q 0 0 0 rg BT 117.68 319.95 Td (16\) ) Tj ET Q q 0 0 0 rg BT 130.03 319.95 Td (million) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 151.29 319.95 Td ( ) Tj ET Q q 0 0 0 rg BT 152.80 319.95 Td (and ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 166.83 319.95 Td ($\(120\) ) Tj ET Q q 0 0 0 rg BT 190.03 319.95 Td (million) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 211.29 319.95 Td ( ) Tj ET Q q 0 0 0 rg BT 212.80 319.95 Td (in ) Tj ET Q q 0 0 0 rg BT 220.16 319.95 Td (the ) Tj ET Q q 0 0 0 rg BT 232.10 319.95 Td (current ) Tj ET Q q 0 0 0 rg BT 256.96 319.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 282.24 319.95 Td (and ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 310.95 Td (prior ) Tj ET Q q 0 0 0 rg BT 75.84 310.95 Td (year ) Tj ET Q q 0 0 0 rg BT 92.77 310.95 Td (quarter) Tj ET Q q 0 0 0 rg BT 116.12 310.95 Td (, ) Tj ET Q q 0 0 0 rg BT 120.54 310.95 Td (respectively) Tj ET Q q 0 0 0 rg BT 159.58 310.95 Td (, ) Tj ET Q q 0 0 0 rg BT 164.00 310.95 Td (and ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 178.85 310.95 Td ($\(219\) ) Tj ET Q q 0 0 0 rg BT 202.86 310.95 Td (million) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 224.12 310.95 Td ( ) Tj ET Q q 0 0 0 rg BT 226.46 310.95 Td (and ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 241.31 310.95 Td ($\(235\) ) Tj ET Q q 0 0 0 rg BT 265.32 310.95 Td (million) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 286.58 310.95 Td ( ) Tj ET Q q 0 0 0 rg BT 288.91 310.95 Td (in ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 301.95 Td (the ) Tj ET Q q 0 0 0 rg BT 71.01 301.95 Td (current ) Tj ET Q q 0 0 0 rg BT 96.44 301.95 Td (year ) Tj ET Q q 0 0 0 rg BT 113.11 301.95 Td (period ) Tj ET Q q 0 0 0 rg BT 136.05 301.95 Td (and ) Tj ET Q q 0 0 0 rg BT 150.64 301.95 Td (prior ) Tj ET Q q 0 0 0 rg BT 167.73 301.95 Td (year ) Tj ET Q q 0 0 0 rg BT 184.41 301.95 Td (period, ) Tj ET Q q 0 0 0 rg BT 209.42 301.95 Td (respectively) Tj ET Q q 0 0 0 rg BT 248.47 301.95 Td (. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (3. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 292.95 Td (The ) Tj ET Q q 0 0 0 rg BT 72.57 292.95 Td (total ) Tj ET Q q 0 0 0 rg BT 87.89 292.95 Td (amount ) Tj ET Q q 0 0 0 rg BT 114.05 292.95 Td (of ) Tj ET Q q 0 0 0 rg BT 121.45 292.95 Td (Net ) Tj ET Q q 0 0 0 rg BT 134.26 292.95 Td (Income ) Tj ET Q q 0 0 0 rg BT 159.78 292.95 Td (Applicable ) Tj ET Q q 0 0 0 rg BT 195.53 292.95 Td (to ) Tj ET Q q 0 0 0 rg BT 202.93 292.95 Td (Morgan ) Tj ET Q q 0 0 0 rg BT 229.50 292.95 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 255.66 292.95 Td (by ) Tj ET Q q 0 0 0 rg BT 264.73 292.95 Td (Segment ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 283.95 Td (includes ) Tj ET Q q 0 0 0 rg BT 88.41 283.95 Td (intersegment ) Tj ET Q q 0 0 0 rg BT 134.17 283.95 Td (eliminations ) Tj ET Q q 0 0 0 rg BT 176.16 283.95 Td (of ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 184.81 283.95 Td ($\(1\) ) Tj ET Q q 0 0 0 rg BT 200.55 283.95 Td (million) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 221.80 283.95 Td ( ) Tj ET Q q 0 0 0 rg BT 224.20 283.95 Td (in ) Tj ET Q q 0 0 0 rg BT 232.43 283.95 Td (the ) Tj ET Q q 0 0 0 rg BT 245.25 283.95 Td (current ) Tj ET Q q 0 0 0 rg BT 270.99 283.95 Td (quarter ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 274.95 Td (and ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 73.10 274.95 Td ($\(3\) ) Tj ET Q q 0 0 0 rg BT 88.52 274.95 Td (million) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 109.78 274.95 Td ( ) Tj ET Q q 0 0 0 rg BT 111.86 274.95 Td (in ) Tj ET Q q 0 0 0 rg BT 119.78 274.95 Td (the ) Tj ET Q q 0 0 0 rg BT 132.29 274.95 Td (current ) Tj ET Q q 0 0 0 rg BT 157.72 274.95 Td (year ) Tj ET Q q 0 0 0 rg BT 174.39 274.95 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.95 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 722.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 722.10 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 381.13 722.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 422.61 722.10 Td (net ) Tj ET Q q 0 0 0 rg BT 436.88 722.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 474.46 722.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.84 722.10 Td ($5,1) Tj ET Q q 0 0 0 rg BT 501.97 722.10 Td (13 ) Tj ET Q q 0 0 0 rg BT 514.02 722.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.91 722.10 Td ( ) Tj ET Q q 0 0 0 rg BT 544.96 722.10 Td (in ) Tj ET Q q 0 0 0 rg BT 554.78 722.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 710.10 Td (current ) Tj ET Q q 0 0 0 rg BT 360.48 710.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 390.21 710.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.06 710.10 Td ($10,309 ) Tj ET Q q 0 0 0 rg BT 439.97 710.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.87 710.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.28 710.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.47 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.10 710.10 Td (current ) Tj ET Q q 0 0 0 rg BT 522.83 710.10 Td (year ) Tj ET Q q 0 0 0 rg BT 541.45 710.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 698.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.72 698.10 Td (1) Tj ET Q q 0 0 0 rg BT 378.34 698.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.67 698.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.23 698.10 Td (from ) Tj ET Q q 0 0 0 rg BT 418.22 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.98 698.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 456.97 698.10 Td (year ) Tj ET Q q 0 0 0 rg BT 477.73 698.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 509.60 698.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.59 698.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 686.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.08 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.04 686.10 Td (from ) Tj ET Q q 0 0 0 rg BT 374.43 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.61 686.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 412.01 686.10 Td (year ) Tj ET Q q 0 0 0 rg BT 432.17 686.10 Td (period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.18 686.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 504.44 686.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 530.17 686.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 552.57 686.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 674.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 373.17 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.70 674.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 460.23 674.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 506.54 674.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 558.67 674.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 662.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 396.25 662.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 448.98 662.10 Td (af) Tj ET Q q 0 0 0 rg BT 456.57 662.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 482.63 662.10 Td (market ) Tj ET Q q 0 0 0 rg BT 512.04 662.10 Td (sentiment ) Tj ET Q q 0 0 0 rg BT 552.56 662.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 650.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 361.58 650.10 Td (performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 650.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 626.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 626.10 Td (W) Tj ET Q q 0 0 0 rg BT 339.39 626.10 Td (ealth ) Tj ET Q q 0 0 0 rg BT 361.43 626.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 416.25 626.10 Td (net ) Tj ET Q q 0 0 0 rg BT 431.08 626.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 469.23 626.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.17 626.10 Td ($4,408 ) Tj ET Q q 0 0 0 rg BT 510.28 626.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.17 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 541.79 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 544.40 626.10 Td (in ) 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 330.75 614.10 Td (current ) Tj ET Q q 0 0 0 rg BT 360.84 614.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 390.93 614.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.14 614.10 Td ($8,797 ) Tj ET Q q 0 0 0 rg BT 436.41 614.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 467.07 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 468.85 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.40 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.39 614.10 Td (current ) Tj ET Q q 0 0 0 rg BT 522.47 614.10 Td (year ) Tj ET Q q 0 0 0 rg BT 541.45 614.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 602.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.06 602.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.39 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 386.95 602.10 Td (from ) Tj ET Q q 0 0 0 rg BT 408.95 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.72 602.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 445.72 602.10 Td (year ) Tj ET Q q 0 0 0 rg BT 465.49 602.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 496.36 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.36 602.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.67 602.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 590.10 Td (from ) Tj ET Q q 0 0 0 rg BT 355.74 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.50 590.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 398.49 590.10 Td (year ) Tj ET Q q 0 0 0 rg BT 421.24 590.10 Td (period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.83 590.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 497.59 590.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 541.45 590.10 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 578.10 Td (T) Tj ET Q q 0 0 0 rg BT 336.51 578.10 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 390.93 578.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 432.58 578.10 Td (due ) Tj ET Q q 0 0 0 rg BT 453.13 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.02 578.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 498.68 578.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 525.91 578.10 Td (related ) Tj ET Q q 0 0 0 rg BT 559.22 578.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 566.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 384.57 566.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 431.71 566.10 Td (with ) Tj ET Q q 0 0 0 rg BT 455.53 566.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 488.78 566.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 533.69 566.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 554.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 388.79 554.10 Td (plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.40 554.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 530.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 530.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 377.01 530.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 431.05 530.10 Td (net ) Tj ET Q q 0 0 0 rg BT 445.10 530.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 482.46 530.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.63 530.10 Td ($839 ) Tj ET Q q 0 0 0 rg BT 514.46 530.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.35 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 545.18 530.10 Td (in ) Tj ET Q q 0 0 0 rg BT 554.79 530.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 518.10 Td (current ) Tj ET Q q 0 0 0 rg BT 361.04 518.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 391.32 518.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.73 518.10 Td ($1,643 ) Tj ET Q q 0 0 0 rg BT 437.20 518.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.09 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 468.06 518.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.81 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.00 518.10 Td (current ) Tj ET Q q 0 0 0 rg BT 522.28 518.10 Td (year ) Tj ET Q q 0 0 0 rg BT 541.46 518.10 Td (period ) Tj ET Q q 0 0 0 rg BT 569.51 518.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 506.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.95 506.10 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.28 506.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.73 506.10 Td (from ) Tj ET Q q 0 0 0 rg BT 410.62 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.28 506.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 445.17 506.10 Td (year ) Tj ET Q q 0 0 0 rg BT 463.82 506.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 493.58 506.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.47 506.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.67 506.10 Td (17%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 494.10 Td (from ) Tj ET Q q 0 0 0 rg BT 352.40 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.84 494.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 388.49 494.10 Td (year ) Tj ET Q q 0 0 0 rg BT 407.91 494.10 Td (period,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.96 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.18 494.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 477.60 494.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 518.13 494.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 545.89 494.10 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 482.10 Td (from ) Tj ET Q q 0 0 0 rg BT 352.69 482.10 Td (Investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.51 482.10 Td ( ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 321.75 459.90 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 421.42 463.95 Td (1, 2) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 321.75 451.50 Td (\($ in millions\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 321.75 442.50 Td ( ) Tj ET Q /GS0 gs q 254.50 0 0 158.10 321.75 279.40 cm /I29 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 267.40 Td ( ) Tj ET Q /GS0 gs q 254.50 0 0 164.65 321.75 97.73 cm /I30 Do Q BT /F1 10.00 Tf ET BT /F1 5.00 Tf ET q 0 0 0 rg BT 321.75 91.70 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 321.75 82.70 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 82.70 Td (For ) Tj ET Q q 0 0 0 rg BT 344.60 82.70 Td (a ) Tj ET Q q 0 0 0 rg BT 351.37 82.70 Td (discussion ) Tj ET Q q 0 0 0 rg BT 388.99 82.70 Td (of ) Tj ET Q q 0 0 0 rg BT 397.85 82.70 Td (how ) Tj ET Q q 0 0 0 rg BT 414.21 82.70 Td (the ) Tj ET Q q 0 0 0 rg BT 427.24 82.70 Td (geographic ) Tj ET Q q 0 0 0 rg BT 466.95 82.70 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 506.25 82.70 Td (of ) Tj ET Q q 0 0 0 rg BT 515.10 82.70 Td (net ) Tj ET Q q 0 0 0 rg BT 528.13 82.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 561.59 82.70 Td (is ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 73.70 Td (determined, ) Tj ET Q q 0 0 0 rg BT 372.44 73.70 Td (see ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 386.62 73.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 404.55 73.70 Td (18) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 412.89 73.70 Td ( ) Tj ET Q q 0 0 0 rg BT 414.97 73.70 Td (to ) Tj ET Q q 0 0 0 rg BT 423.31 73.70 Td (the ) Tj ET Q q 0 0 0 rg BT 435.82 73.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.43 73.70 Td (statements.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 321.75 64.70 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 64.70 Td (The ) Tj ET Q q 0 0 0 rg BT 345.93 64.70 Td (percentages ) Tj ET Q q 0 0 0 rg BT 389.47 64.70 Td (on ) Tj ET Q q 0 0 0 rg BT 400.07 64.70 Td (the ) Tj ET Q q 0 0 0 rg BT 412.76 64.70 Td (bars ) Tj ET Q q 0 0 0 rg BT 429.61 64.70 Td (in ) Tj ET Q q 0 0 0 rg BT 437.71 64.70 Td (the ) Tj ET Q q 0 0 0 rg BT 450.39 64.70 Td (charts ) Tj ET Q q 0 0 0 rg BT 473.07 64.70 Td (represent ) Tj ET Q q 0 0 0 rg BT 507.02 64.70 Td (the ) Tj ET Q q 0 0 0 rg BT 519.71 64.70 Td (contribution ) Tj ET Q q 0 0 0 rg BT 560.74 64.70 Td (of ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 55.70 Td (each ) Tj ET Q q 0 0 0 rg BT 349.10 55.70 Td (region ) Tj ET Q q 0 0 0 rg BT 372.03 55.70 Td (to ) Tj ET Q q 0 0 0 rg BT 380.37 55.70 Td (the ) Tj ET Q q 0 0 0 rg BT 392.88 55.70 Td (total.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I31 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 722.25 Td (Selected ) Tj ET Q q 0 0 0 rg BT 86.99 722.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 135.88 722.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.38 722.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 180.88 722.25 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 700.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.32 700.25 Td (prepare ) Tj ET Q q 0 0 0 rg BT 98.04 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 114.11 700.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 151.83 700.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.78 700.25 Td (using ) Tj ET Q q 0 0 0 rg BT 221.19 700.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 241.72 700.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 267.84 700.25 Td (. ) Tj ET Q q 0 0 0 rg BT 273.08 700.25 Td (From ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (time ) Tj ET Q q 0 0 0 rg BT 70.59 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.68 688.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 105.27 688.25 Td (we ) Tj ET Q q 0 0 0 rg BT 120.25 688.25 Td (may ) Tj ET Q q 0 0 0 rg BT 140.78 688.25 Td (disclose ) Tj ET Q q 0 0 0 rg BT 176.31 688.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 206.83 688.25 Td (“non-GAAP) Tj ET Q q 0 0 0 rg BT 256.45 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.77 688.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (measures” ) Tj ET Q q 0 0 0 rg BT 94.34 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.32 676.25 Td (this ) Tj ET Q q 0 0 0 rg BT 122.97 676.25 Td (document ) Tj ET Q q 0 0 0 rg BT 165.60 676.25 Td (or ) Tj ET Q q 0 0 0 rg BT 177.13 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.10 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.52 676.25 Td (course ) Tj ET Q q 0 0 0 rg BT 232.82 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.34 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 260.87 676.25 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.25 Td (releases, ) Tj ET Q q 0 0 0 rg BT 90.74 664.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 131.72 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.25 664.25 Td (other ) Tj ET Q q 0 0 0 rg BT 180.90 664.25 Td (conference ) Tj ET Q q 0 0 0 rg BT 231.85 664.25 Td (calls, ) Tj ET Q q 0 0 0 rg BT 259.77 664.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (presentations, ) Tj ET Q q 0 0 0 rg BT 108.76 652.25 Td (Definitive ) Tj ET Q q 0 0 0 rg BT 153.29 652.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 181.18 652.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 225.16 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.59 652.25 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 288.08 652.25 Td (A) Tj ET Q q 0 0 0 rg BT 294.75 652.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.25 Td (“non-GAAP) Tj ET Q q 0 0 0 rg BT 99.12 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.37 640.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.60 640.25 Td (measure” ) Tj ET Q q 0 0 0 rg BT 196.61 640.25 Td (excludes, ) Tj ET Q q 0 0 0 rg BT 242.34 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 258.92 640.25 Td (includes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 84.71 628.25 Td (from ) Tj ET Q q 0 0 0 rg BT 105.46 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.00 628.25 Td (most ) Tj ET Q q 0 0 0 rg BT 139.77 628.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 171.63 628.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 219.59 628.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 254.23 628.25 Td (calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.78 616.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 105.93 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.55 616.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 162.35 616.25 Td (with ) Tj ET Q q 0 0 0 rg BT 181.96 616.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 201.58 616.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 227.70 616.25 Td (. ) Tj ET Q q 0 0 0 rg BT 231.91 616.25 Td (W) Tj ET Q q 0 0 0 rg BT 240.55 616.25 Td (e ) Tj ET Q q 0 0 0 rg BT 246.82 616.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 282.54 616.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 94.69 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.26 604.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.82 604.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 174.60 604.25 Td (we ) Tj ET Q q 0 0 0 rg BT 188.84 604.25 Td (disclose ) Tj ET Q q 0 0 0 rg BT 223.63 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 233.98 604.25 Td (be ) Tj ET Q q 0 0 0 rg BT 246.00 604.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 273.01 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.36 604.25 Td (us, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.25 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 86.13 592.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 124.14 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 140.49 592.25 Td (other ) Tj ET Q q 0 0 0 rg BT 162.95 592.25 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 214.84 592.25 Td (by ) Tj ET Q q 0 0 0 rg BT 226.75 592.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 267.55 592.25 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.25 Td (transparency ) Tj ET Q q 0 0 0 rg BT 104.38 580.25 Td (about, ) Tj ET Q q 0 0 0 rg BT 132.88 580.25 Td (or ) Tj ET Q q 0 0 0 rg BT 145.01 580.25 Td (an ) Tj ET Q q 0 0 0 rg BT 158.24 580.25 Td (alternate ) Tj ET Q q 0 0 0 rg BT 196.45 580.25 Td (means ) Tj ET Q q 0 0 0 rg BT 225.78 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.91 580.25 Td (assessing, ) Tj ET Q q 0 0 0 rg BT 281.42 580.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.77 568.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 131.33 568.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 172.38 568.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 204.28 568.25 Td (prospective ) Tj ET Q q 0 0 0 rg BT 253.66 568.25 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.65 556.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 133.35 556.25 Td (or ) Tj ET Q q 0 0 0 rg BT 144.18 556.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 173.33 556.25 Td (adequacy) Tj ET Q q 0 0 0 rg BT 210.44 556.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.25 Td (These ) Tj ET Q q 0 0 0 rg BT 75.51 534.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 114.84 534.25 Td (are ) Tj ET Q q 0 0 0 rg BT 129.18 534.25 Td (not ) Tj ET Q q 0 0 0 rg BT 144.09 534.25 Td (in ) Tj ET Q q 0 0 0 rg BT 154.00 534.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 201.09 534.25 Td (with, ) Tj ET Q q 0 0 0 rg BT 223.50 534.25 Td (or ) Tj ET Q q 0 0 0 rg BT 233.96 534.25 Td (a ) Tj ET Q q 0 0 0 rg BT 240.53 534.25 Td (substitute ) Tj ET Q q 0 0 0 rg BT 280.99 534.25 Td (for) Tj ET Q q 0 0 0 rg BT 292.25 534.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.83 522.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 97.69 522.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.24 522.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.23 522.25 Td (may ) Tj ET Q q 0 0 0 rg BT 140.00 522.25 Td (be ) Tj ET Q q 0 0 0 rg BT 152.99 522.25 Td (dif) Tj ET Q q 0 0 0 rg BT 163.92 522.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 190.78 522.25 Td (from ) Tj ET Q q 0 0 0 rg BT 213.77 522.25 Td (or ) Tj ET Q q 0 0 0 rg BT 225.65 522.25 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 276.98 522.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 94.69 510.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.31 510.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.91 510.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 183.74 510.25 Td (used ) Tj ET Q q 0 0 0 rg BT 207.69 510.25 Td (by ) Tj ET Q q 0 0 0 rg BT 223.32 510.25 Td (other ) Tj ET Q q 0 0 0 rg BT 249.49 510.25 Td (companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.25 Td (Whenever ) Tj ET Q q 0 0 0 rg BT 92.61 498.25 Td (we ) Tj ET Q q 0 0 0 rg BT 106.29 498.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 127.19 498.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.99 498.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.46 498.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 188.64 498.25 Td ( ) Tj ET Q q 0 0 0 rg BT 190.67 498.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 227.67 498.25 Td (measure, ) Tj ET Q q 0 0 0 rg BT 265.51 498.25 Td (we ) Tj ET Q q 0 0 0 rg BT 279.20 498.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.25 Td (also ) Tj ET Q q 0 0 0 rg BT 67.31 486.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 106.22 486.25 Td (define ) Tj ET Q q 0 0 0 rg BT 132.91 486.25 Td (it ) Tj ET Q q 0 0 0 rg BT 140.17 486.25 Td (or ) Tj ET Q q 0 0 0 rg BT 150.21 486.25 Td (present ) Tj ET Q q 0 0 0 rg BT 180.79 486.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.72 486.25 Td (most ) Tj ET Q q 0 0 0 rg BT 215.87 486.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 248.12 486.25 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.36 474.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 121.56 474.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 163.96 474.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.28 474.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 220.48 474.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.13 474.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 276.98 474.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 71.62 462.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 97.73 462.25 Td (, ) Tj ET Q q 0 0 0 rg BT 104.57 462.25 Td (along ) Tj ET Q q 0 0 0 rg BT 131.12 462.25 Td (with ) Tj ET Q q 0 0 0 rg BT 153.23 462.25 Td (a ) Tj ET Q q 0 0 0 rg BT 162.00 462.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 221.31 462.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.97 462.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.52 462.25 Td (dif) Tj ET Q q 0 0 0 rg BT 261.45 462.25 Td (ferences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.25 Td (between ) Tj ET Q q 0 0 0 rg BT 84.68 450.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.77 450.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 118.42 450.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 145.27 450.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.14 450.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 183.99 450.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 219.17 450.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.48 450.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.56 450.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 294.75 450.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 438.25 Td (measure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (The principal non-GAAP) Tj ET Q q 0 0 0 rg BT 150.77 416.25 Td ( financial measures presented in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (this document are set forth in the following tables.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 383.85 Td (Reconciliations from U.S. GAAP) Tj ET Q q 0 0 0 rg BT 179.24 383.85 Td ( to Non-GAAP) Tj ET Q q 0 0 0 rg BT 235.74 383.85 Td ( Consolidated ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 373.65 Td (Financial Measures) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 344.15 m 193 344.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 344.15 m 231 344.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 344.15 m 263 344.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 344.15 m 295 344.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 332.15 m 155 332.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 332.15 m 193 332.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 332.15 m 231 332.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 344.15 m 263 344.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 332.15 m 263 332.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 344.15 m 295 344.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 332.15 m 295 332.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 332.15 m 263 332.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 313.15 m 263 313.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 332.15 m 295 332.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 313.15 m 295 313.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 313.15 m 155 313.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 301.15 m 155 301.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 313.15 m 193 313.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 301.15 m 193 301.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 313.15 m 231 313.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 301.15 m 231 301.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 313.15 m 263 313.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 301.15 m 263 301.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 313.15 m 295 313.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 301.15 m 295 301.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 275.15 m 155 275.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 155 275.15 m 193 275.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 193 275.15 m 231 275.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 231 275.15 m 263 275.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 263 275.15 m 295 275.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 275.15 m 155 275.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 256.15 m 155 256.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 231 275.15 m 263 275.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 256.15 m 263 256.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 263 275.15 m 295 275.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 256.15 m 295 256.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 256.15 m 155 256.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 244.14999999999998 m 155 244.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 256.15 m 193 256.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 244.14999999999998 m 193 244.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 256.15 m 231 256.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 244.14999999999998 m 231 244.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 256.15 m 263 256.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 244.14999999999998 m 263 244.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 244.14999999999998 m 295 244.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 244.14999999999998 m 155 244.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 225.14999999999998 m 155 225.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 244.14999999999998 m 193 244.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 155 225.14999999999998 m 193 225.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 193 225.14999999999998 m 231 225.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 244.14999999999998 m 263 244.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 231 225.14999999999998 m 263 225.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 244.14999999999998 m 295 244.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 263 225.14999999999998 m 295 225.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 155 225.14999999999998 m 193 225.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 213.14999999999998 m 193 213.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 193 225.14999999999998 m 231 225.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 213.14999999999998 m 231 213.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 231 225.14999999999998 m 263 225.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 213.14999999999998 m 263 213.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 263 225.14999999999998 m 295 225.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 213.14999999999998 m 295 213.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 213.14999999999998 m 155 213.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 201.14999999999998 m 155 201.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 213.14999999999998 m 193 213.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 201.14999999999998 m 193 201.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 213.14999999999998 m 231 213.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 201.14999999999998 m 231 201.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 213.14999999999998 m 263 213.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 201.14999999999998 m 263 201.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 213.14999999999998 m 295 213.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 201.14999999999998 m 295 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 182.14999999999998 m 155 182.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 155 201.14999999999998 m 193 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 155 182.14999999999998 m 193 182.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 201.14999999999998 m 231 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 193 182.14999999999998 m 231 182.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 231 201.14999999999998 m 263 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 231 182.14999999999998 m 263 182.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 201.14999999999998 m 295 201.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 263 182.14999999999998 m 295 182.14999999999998 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 348.15 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 159.80 355.15 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 179.05 348.15 Td (June 30,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 234.05 355.15 Td (Six Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 249.05 348.15 Td (June 30,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 52.50 335.93 Td ($ in millions, except per share data) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 165.70 336.15 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 203.70 336.15 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 238.70 336.15 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.70 336.15 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 52.50 324.15 Td (Net income applicable to) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 57.00 317.15 Td (Morgan Stanley) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 157.50 317.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 168.70 317.15 Td (2,201) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 195.50 317.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 206.70 317.15 Td (2,437) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 233.50 317.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 238.70 317.15 Td (4,630) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.50 317.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.70 317.15 Td (5,105) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 305.55 Td (Impact of adjustments) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 179.25 305.15 Td (—) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 214.10 305.15 Td (\(88) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 224.25 305.15 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 242.20 305.15 Td (\(101) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 256.25 305.15 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 278.10 305.15 Td (\(88) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 305.15 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 293.15 Td (Adjusted net income applicable ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 286.15 Td (to Morgan Stanley—non-) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 279.15 Td (GAAP) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 76.45 282.49 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 157.50 279.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 168.70 279.15 Td (2,201) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 195.50 279.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 206.70 279.15 Td (2,349) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 233.50 279.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 238.70 279.15 Td (4,529) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.50 279.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 270.70 279.15 Td (5,017) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 52.50 267.15 Td (Earnings per diluted common) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 57.00 260.15 Td (share) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 157.50 260.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 172.60 260.15 Td (1.23) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 195.50 260.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 210.60 260.15 Td (1.30) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 233.50 260.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 242.60 260.15 Td (2.62) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.50 260.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 260.15 Td (2.75) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 248.55 Td (Impact of adjustments) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 179.25 248.15 Td (—) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 208.25 248.15 Td (\(0.05) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 224.25 248.15 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 240.25 248.15 Td (\(0.06) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 256.25 248.15 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 272.25 248.15 Td (\(0.05) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 248.15 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 236.15 Td (Adjusted earnings per diluted ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 229.15 Td (common share—non-GAAP) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 143.76 232.49 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 157.50 229.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 172.60 229.15 Td (1.23) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 195.50 229.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 210.60 229.15 Td (1.25) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 233.50 229.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 242.60 229.15 Td (2.56) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.50 229.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 229.15 Td (2.70) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 52.50 217.55 Td (Effective income tax rate) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 172.60 217.15 Td (22.6) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 186.25 217.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 210.60 217.15 Td (20.6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 224.25 217.15 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 242.60 217.15 Td (19.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 256.25 217.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 217.15 Td (20.7) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 217.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 205.55 Td (Impact of adjustments) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 179.25 205.15 Td (—) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 186.25 205.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 214.50 205.15 Td (2.8) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 224.25 205.15 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 246.50 205.15 Td (1.8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 256.25 205.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 278.50 205.15 Td (1.4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 205.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 193.15 Td (Adjusted ef) Tj ET Q q 0 0 0 rg BT 87.40 193.15 Td (fective income tax ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 186.15 Td (rate—non-GAAP) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 109.52 189.49 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 172.60 186.15 Td (22.6) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 186.25 186.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 210.60 186.15 Td (23.4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 224.25 186.15 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 242.60 186.15 Td (21.3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 256.25 186.15 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 274.60 186.15 Td (22.1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 288.25 186.15 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 322.25 703.5 m 472.25 703.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.25 703.5 m 517.25 703.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 517.25 703.5 m 567.25 703.5 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 665.5 m 472.25 665.5 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.25 665.5 m 517.25 665.5 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 517.25 665.5 m 567.25 665.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 653.5 m 472.25 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.25 653.5 m 517.25 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 517.25 653.5 m 567.25 653.5 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 634.5 m 472.25 634.5 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 472.25 634.5 m 517.25 634.5 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 517.25 634.5 m 567.25 634.5 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 608.5 m 472.25 608.5 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.25 608.5 m 517.25 608.5 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 517.25 608.5 m 567.25 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.25 596.5 m 472.25 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.25 596.5 m 517.25 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.25 596.5 m 567.25 596.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 576.5 m 472.25 576.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 472.25 576.5 m 517.25 576.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 517.25 576.5 m 567.25 576.5 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 324.75 707.28 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.55 720.90 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 480.20 713.90 Td (June 30,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 486.45 706.90 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 538.40 720.90 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 519.75 713.90 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 533.95 706.90 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 695.90 Td (T) Tj ET Q q 0 0 0 rg BT 328.51 695.90 Td (angible equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 681.90 Td (U.S. GAAP) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 669.90 Td (Morgan Stanley shareholders' equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 474.75 669.50 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 492.95 669.50 Td (81,724) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 519.75 669.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 669.50 Td (80,246) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 657.90 Td (Less: Goodwill and net intangible assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.55 657.90 Td (\(9,433) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.40 657.90 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 544.55 657.90 Td (\(8,847) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 564.40 657.90 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 645.50 Td (T) Tj ET Q q 0 0 0 rg BT 328.77 645.50 Td (angible Morgan Stanley shareholders') Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 329.25 638.50 Td (equity—non-GAAP) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 474.75 638.50 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 492.95 638.50 Td (72,291) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 519.75 638.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 638.50 Td (71,399) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 624.50 Td (U.S. GAAP) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 612.90 Td (Common shareholders' equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 492.95 612.50 Td (73,204) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 519.75 612.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 612.50 Td (71,726) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 600.90 Td (Less: Goodwill and net intangible assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 474.75 600.50 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.55 600.50 Td (\(9,433) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.40 600.50 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 519.75 600.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 544.55 600.50 Td (\(8,847) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 564.40 600.50 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 587.50 Td (T) Tj ET Q q 0 0 0 rg BT 328.51 587.50 Td (angible common shareholder's equity—) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 329.25 580.50 Td (non-GAAP) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 474.75 580.50 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 492.95 580.50 Td (63,771) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 519.75 580.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 580.50 Td (62,879) Tj ET Q BT /F7 8.50 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 321.75 556.80 Td (Consolidated Non-GAAP) Tj ET Q q 0 0 0 rg BT 421.71 556.80 Td ( Financial Measures) Tj ET Q 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.25 546.3 m 466.25 546.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.25 536.3 m 466.25 536.3 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.25 546.3 m 503.25 546.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.25 536.3 m 503.25 536.3 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.25 546.3 m 535.25 546.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 536.3 m 535.25 536.3 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535.25 546.3 m 567.25 546.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 536.3 m 567.25 536.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.25 536.3 m 466.25 536.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.25 517.3 m 466.25 517.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.25 517.3 m 503.25 517.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 536.3 m 535.25 536.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 517.3 m 535.25 517.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 517.3 m 567.25 517.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 505.3 m 429.25 505.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.25 505.3 m 466.25 505.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.25 505.3 m 503.25 505.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 517.3 m 535.25 517.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 505.3 m 535.25 505.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 517.3 m 567.25 517.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 505.3 m 567.25 505.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 505.3 m 429.25 505.3 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 475.3 m 429.25 475.3 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.25 475.3 m 466.25 475.3 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.25 475.3 m 503.25 475.3 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 475.3 m 535.25 475.3 l s 0.6745098039215687 0.6745098039215687 0.6745098039215687 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 475.3 m 567.25 475.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 456.3 m 429.25 456.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.25 456.3 m 466.25 456.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.25 456.3 m 503.25 456.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 456.3 m 535.25 456.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 456.3 m 567.25 456.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 438.3 m 429.25 438.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 429.25 438.3 m 466.25 438.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 466.25 438.3 m 503.25 438.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 438.3 m 535.25 438.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 438.3 m 567.25 438.3 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 426.3 m 429.25 426.3 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.25 426.3 m 466.25 426.3 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.25 426.3 m 503.25 426.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 438.3 m 535.25 438.3 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 426.3 m 535.25 426.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 438.3 m 567.25 438.3 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 426.3 m 567.25 426.3 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 426.3 m 429.25 426.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 407.3 m 429.25 407.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.25 407.3 m 466.25 407.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.25 407.3 m 503.25 407.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 407.3 m 535.25 407.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 407.3 m 567.25 407.3 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 407.3 m 429.25 407.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 388.3 m 429.25 388.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 429.25 388.3 m 466.25 388.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 466.25 388.3 m 503.25 388.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 388.3 m 535.25 388.3 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 388.3 m 567.25 388.3 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 457.90 538.70 Td (A) Tj ET Q q 0 0 0 rg BT 462.51 538.70 Td (verage Monthly Balance) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 521.30 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 433.05 528.30 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 452.30 521.30 Td (June 30,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 506.30 528.30 Td (Six Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 521.30 521.30 Td (June 30,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 324.75 509.08 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 439.45 509.30 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 476.45 509.30 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.95 509.30 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 509.30 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 497.30 Td (T) Tj ET Q q 0 0 0 rg BT 328.51 497.30 Td (angible equity) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 485.70 Td (Morgan Stanley shareholder's) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 329.25 478.70 Td (equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 431.75 479.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 441.95 479.30 Td (81,155) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 468.75 479.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 478.95 479.30 Td (78,432) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 505.75 479.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.95 479.30 Td (80,622) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.75 479.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 479.30 Td (77,960) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 467.70 Td (Less: Goodwill and net) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 329.25 460.70 Td (intangible assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 443.55 460.30 Td (\(9,098) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.40 460.30 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 480.55 460.30 Td (\(9,076) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 500.40 460.30 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 512.55 460.30 Td (\(8,978) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 532.40 460.30 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 544.55 460.30 Td (\(9,049) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 564.40 460.30 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 448.70 Td (T) Tj ET Q q 0 0 0 rg BT 328.77 448.70 Td (angible Morgan Stanley) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 329.25 441.70 Td (shareholders' equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 431.75 442.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 441.95 442.30 Td (72,057) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 468.75 442.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 478.95 442.30 Td (69,356) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 505.75 442.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.95 442.30 Td (71,644) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.75 442.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 442.30 Td (68,91) Tj ET Q q 0 0 0 rg BT 560.47 442.30 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 430.70 Td (Common Shareholders' equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 431.75 430.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 441.95 430.30 Td (72,635) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 468.75 430.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 478.95 430.30 Td (69,912) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 505.75 430.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.95 430.30 Td (72,102) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.75 430.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 430.30 Td (69,440) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 418.70 Td (Less: Goodwill and net) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 329.25 411.70 Td (intangible assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 443.55 411.30 Td (\(9,098) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 463.40 411.30 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 480.55 411.30 Td (\(9,076) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 500.40 411.30 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 512.55 411.30 Td (\(8,978) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 532.40 411.30 Td (\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 544.55 411.30 Td (\(9,049) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 564.40 411.30 Td (\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 399.70 Td (T) Tj ET Q q 0 0 0 rg BT 328.51 399.70 Td (angible common) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 329.25 392.70 Td (shareholders' equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 431.75 392.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 441.95 392.30 Td (63,537) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 468.75 392.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 478.95 392.30 Td (60,836) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 505.75 392.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.95 392.30 Td (63,124) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.75 392.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 392.30 Td (60,391) 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 431.25 359.29999999999995 m 467.25 359.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.25 359.29999999999995 m 503.25 359.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 359.29999999999995 m 535.25 359.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 359.29999999999995 m 567.25 359.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 347.29999999999995 m 431.25 347.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.25 347.29999999999995 m 467.25 347.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.25 347.29999999999995 m 503.25 347.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 359.29999999999995 m 535.25 359.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 347.29999999999995 m 535.25 347.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 359.29999999999995 m 567.25 359.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 347.29999999999995 m 567.25 347.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 323.29999999999995 m 431.25 323.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.25 323.29999999999995 m 467.25 323.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.25 323.29999999999995 m 503.25 323.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 323.29999999999995 m 535.25 323.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 323.29999999999995 m 567.25 323.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 311.29999999999995 m 431.25 311.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.25 311.29999999999995 m 467.25 311.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.25 311.29999999999995 m 503.25 311.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 311.29999999999995 m 535.25 311.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 311.29999999999995 m 567.25 311.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 287.29999999999995 m 431.25 287.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.25 287.29999999999995 m 467.25 287.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.25 287.29999999999995 m 503.25 287.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 287.29999999999995 m 535.25 287.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 287.29999999999995 m 567.25 287.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 275.29999999999995 m 431.25 275.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.25 275.29999999999995 m 467.25 275.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.25 275.29999999999995 m 503.25 275.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 275.29999999999995 m 535.25 275.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 275.29999999999995 m 567.25 275.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 251.29999999999995 m 431.25 251.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.25 251.29999999999995 m 467.25 251.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.25 251.29999999999995 m 503.25 251.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 251.29999999999995 m 535.25 251.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 251.29999999999995 m 567.25 251.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 239.29999999999995 m 431.25 239.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.25 239.29999999999995 m 467.25 239.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.25 239.29999999999995 m 503.25 239.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 239.29999999999995 m 535.25 239.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 239.29999999999995 m 567.25 239.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 215.29999999999995 m 431.25 215.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.25 215.29999999999995 m 467.25 215.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.25 215.29999999999995 m 503.25 215.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 215.29999999999995 m 535.25 215.29999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 215.29999999999995 m 567.25 215.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 203.29999999999995 m 431.25 203.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.25 203.29999999999995 m 467.25 203.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.25 203.29999999999995 m 503.25 203.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 503.25 203.29999999999995 m 535.25 203.29999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 203.29999999999995 m 567.25 203.29999999999995 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 363.30 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 434.05 370.30 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 453.30 363.30 Td (June 30,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 506.30 370.30 Td (Six Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 521.30 363.30 Td (June 30,) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 324.75 351.08 Td ($ in billions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 440.95 351.30 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 476.95 351.30 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.95 351.30 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 351.30 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 339.70 Td (A) Tj ET Q q 0 0 0 rg BT 329.55 339.70 Td (verage common equity) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 327.70 Td (Unadjusted) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 433.75 327.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 446.85 327.30 Td (72.6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 469.75 327.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 482.85 327.30 Td (69.9) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 505.75 327.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.85 327.30 Td (72.1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.75 327.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.85 327.30 Td (69.4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 315.30 Td (Adjusted) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 351.99 318.64 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 446.85 315.30 Td (72.6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 482.85 315.30 Td (69.9) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.85 315.30 Td (72.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.85 315.30 Td (69.4) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 303.30 Td (ROE) Tj ET Q BT /F7 7.00 Tf ET BT /F7 4.55 Tf ET q 0 0 0 rg BT 339.92 306.64 Td (2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 291.70 Td (Unadjusted) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 446.85 291.30 Td (1) Tj ET Q q 0 0 0 rg BT 450.74 291.30 Td (1.2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 460.50 291.30 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 482.85 291.30 Td (13.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 496.50 291.30 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.85 291.30 Td (12.1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 528.50 291.30 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.85 291.30 Td (13.9) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 560.50 291.30 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 279.30 Td (Adjusted) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 351.99 282.64 Td (1, 3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 446.85 279.30 Td (1) Tj ET Q q 0 0 0 rg BT 450.74 279.30 Td (1.2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 460.50 279.30 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 482.85 279.30 Td (12.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 496.50 279.30 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.85 279.30 Td (1) Tj ET Q q 0 0 0 rg BT 518.74 279.30 Td (1.8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 528.50 279.30 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.85 279.30 Td (13.7) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 560.50 279.30 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 267.70 Td (A) Tj ET Q q 0 0 0 rg BT 329.55 267.70 Td (verage tangible common equity) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 255.70 Td (Unadjusted) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 433.75 255.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 446.85 255.30 Td (63.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 469.75 255.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 482.85 255.30 Td (60.8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 505.75 255.30 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.85 255.30 Td (63.1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.75 255.30 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.85 255.30 Td (60.4) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 243.30 Td (Adjusted) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 351.99 246.64 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 446.85 243.30 Td (63.5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 482.85 243.30 Td (60.8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.85 243.30 Td (63.1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.85 243.30 Td (60.4) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 231.30 Td (ROTCE) Tj ET Q BT /F7 7.00 Tf ET BT /F7 4.55 Tf ET q 0 0 0 rg BT 349.25 234.64 Td (2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 219.70 Td (Unadjusted) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 446.85 219.30 Td (12.8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 460.50 219.30 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 482.85 219.30 Td (14.9) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 496.50 219.30 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.85 219.30 Td (13.8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 528.50 219.30 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.85 219.30 Td (16.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 560.50 219.30 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 207.30 Td (Adjusted) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 351.99 210.64 Td (1, 3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 446.85 207.30 Td (12.8) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 460.50 207.30 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 482.85 207.30 Td (14.3) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 496.50 207.30 Td (%) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 514.85 207.30 Td (13.5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 528.50 207.30 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 546.85 207.30 Td (15.7) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 560.50 207.30 Td (%) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I32 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 722.85 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 93.26 722.85 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 149 692.35 m 188 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 692.35 m 226 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 692.35 m 260 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 692.35 m 295 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 680.35 m 149 680.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 680.35 m 188 680.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 680.35 m 226 680.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 692.35 m 260 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 680.35 m 260 680.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 692.35 m 295 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 680.35 m 295 680.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 656.35 m 149 656.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 656.35 m 188 656.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 656.35 m 226 656.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 656.35 m 260 656.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 656.35 m 295 656.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 644.35 m 149 644.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 632.35 m 149 632.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 644.35 m 188 644.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 632.35 m 188 632.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 644.35 m 226 644.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 632.35 m 226 632.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 644.35 m 260 644.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 632.35 m 260 632.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 644.35 m 295 644.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 632.35 m 295 632.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 620.35 m 149 620.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 620.35 m 188 620.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 620.35 m 226 620.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 620.35 m 260 620.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 620.35 m 295 620.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 596.35 m 149 596.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 596.35 m 188 596.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 596.35 m 226 596.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 596.35 m 260 596.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 596.35 m 295 596.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 584.35 m 149 584.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 572.35 m 149 572.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 584.35 m 188 584.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 572.35 m 188 572.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 584.35 m 226 584.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 572.35 m 226 572.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 584.35 m 260 584.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 572.35 m 260 572.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 584.35 m 295 584.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 572.35 m 295 572.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 560.35 m 149 560.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 560.35 m 188 560.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 560.35 m 226 560.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 560.35 m 260 560.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 560.35 m 295 560.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 560.35 m 149 560.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 541.35 m 149 541.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 149 541.35 m 188 541.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 188 541.35 m 226 541.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 226 541.35 m 260 541.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 260 541.35 m 295 541.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 517.35 m 149 517.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 517.35 m 188 517.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 517.35 m 226 517.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 517.35 m 260 517.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 517.35 m 295 517.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 505.35 m 149 505.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 493.35 m 149 493.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 505.35 m 188 505.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 493.35 m 188 493.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 505.35 m 226 505.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 493.35 m 226 493.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 505.35 m 260 505.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 493.35 m 260 493.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 505.35 m 295 505.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 493.35 m 295 493.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 481.35 m 149 481.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 481.35 m 188 481.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 481.35 m 226 481.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 481.35 m 260 481.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 481.35 m 295 481.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 462.35 m 149 462.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 149 462.35 m 188 462.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 188 462.35 m 226 462.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 226 462.35 m 260 462.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 260 462.35 m 295 462.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 438.35 m 149 438.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 438.35 m 188 438.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 438.35 m 226 438.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 438.35 m 260 438.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 438.35 m 295 438.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 426.35 m 149 426.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 414.35 m 149 414.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 426.35 m 188 426.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 414.35 m 188 414.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 426.35 m 226 426.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 414.35 m 226 414.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 426.35 m 260 426.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 414.35 m 260 414.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 426.35 m 295 426.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 414.35 m 295 414.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 402.35 m 149 402.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 402.35 m 188 402.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 402.35 m 226 402.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 402.35 m 260 402.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 402.35 m 295 402.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 378.35 m 149 378.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 378.35 m 188 378.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 378.35 m 226 378.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 378.35 m 260 378.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 378.35 m 295 378.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 366.35 m 149 366.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 354.35 m 149 354.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 366.35 m 188 366.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 354.35 m 188 354.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 366.35 m 226 366.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 354.35 m 226 354.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 366.35 m 260 366.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 354.35 m 260 354.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 366.35 m 295 366.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 354.35 m 295 354.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 342.35 m 149 342.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149 342.35 m 188 342.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 188 342.35 m 226 342.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 342.35 m 260 342.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260 342.35 m 295 342.35 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 696.35 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 151.95 703.94 Td (Three Months Ended) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 172.60 696.44 Td (June 30,) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 229.55 703.94 Td (Six Months Ended) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 245.60 696.44 Td (June 30,) Tj ET Q BT /F8 6.50 Tf ET q 0 0 0 rg BT 52.50 684.22 Td ($ in billions) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 159.65 684.39 Td (2019) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 198.15 684.39 Td (2018) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 234.15 684.39 Td (2019) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 268.65 684.39 Td (2018) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 52.50 672.39 Td (Pre-tax margin) Tj ET Q BT /F6 7.50 Tf ET BT /F6 4.87 Tf ET q 0 0 0 rg BT 105.02 675.97 Td (4) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 660.39 Td (Institutional Securities) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 172.45 660.39 Td (29) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 660.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 210.45 660.39 Td (32) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 660.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 244.45 660.39 Td (30) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 660.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 279.45 660.39 Td (33) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 660.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 648.39 Td (W) Tj ET Q q 0 0 0 rg BT 59.51 648.39 Td (ealth Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 172.45 648.39 Td (28) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 648.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 210.45 648.39 Td (27) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 648.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 244.45 648.39 Td (28) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 648.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 279.45 648.39 Td (27) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 648.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 636.39 Td (Investment Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 172.45 636.39 Td (24) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 636.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 210.45 636.39 Td (20) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 636.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 244.45 636.39 Td (23) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 636.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 279.45 636.39 Td (20) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 636.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 624.39 Td (Consolidated) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 172.45 624.39 Td (28) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 624.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 210.45 624.39 Td (29) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 624.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 244.45 624.39 Td (29) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 624.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 279.45 624.39 Td (30) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 624.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 52.50 612.39 Td (A) Tj ET Q q 0 0 0 rg BT 57.64 612.39 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 139.33 615.97 Td (5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 600.39 Td (Institutional Securities) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 151.50 600.39 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 600.39 Td (40.4) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 190.50 600.39 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 600.39 Td (40.8) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 228.50 600.39 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 600.39 Td (40.4) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 262.50 600.39 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 600.39 Td (40.8) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 588.39 Td (W) Tj ET Q q 0 0 0 rg BT 59.51 588.39 Td (ealth Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 588.39 Td (18.2) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 588.39 Td (16.8) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 588.39 Td (18.2) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 588.39 Td (16.8) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 576.39 Td (Investment Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 170.35 576.39 Td (2.5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 208.35 576.39 Td (2.6) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 242.35 576.39 Td (2.5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 277.35 576.39 Td (2.6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 564.39 Td (Parent Company) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 564.39 Td (1) Tj ET Q q 0 0 0 rg BT 170.37 564.39 Td (1.5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 208.35 564.39 Td (9.7) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 564.39 Td (1) Tj ET Q q 0 0 0 rg BT 242.37 564.39 Td (1.0) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 277.35 564.39 Td (9.2) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 52.50 552.39 Td (Consolidated average) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 57.00 544.89 Td (common equity) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 151.50 545.44 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 545.44 Td (72.6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 190.50 545.44 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 545.44 Td (69.9) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 228.50 545.44 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 545.44 Td (72.1) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 262.50 545.44 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 545.44 Td (69.4) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 52.50 533.39 Td (A) Tj ET Q q 0 0 0 rg BT 57.64 533.39 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 170.17 536.97 Td (5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 521.39 Td (Institutional Securities) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 151.50 521.39 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 521.39 Td (39.9) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 190.50 521.39 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 521.39 Td (40.1) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 228.50 521.39 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 521.39 Td (39.9) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 262.50 521.39 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 521.39 Td (40.1) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 509.39 Td (W) Tj ET Q q 0 0 0 rg BT 59.51 509.39 Td (ealth Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 509.39 Td (10.2) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 208.35 509.39 Td (9.2) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 509.39 Td (10.2) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 277.35 509.39 Td (9.2) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 497.39 Td (Investment Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 170.35 497.39 Td (1.5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 208.35 497.39 Td (1.7) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 242.35 497.39 Td (1.5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 277.35 497.39 Td (1.7) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 485.39 Td (Parent Company) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 485.39 Td (1) Tj ET Q q 0 0 0 rg BT 170.37 485.39 Td (1.9) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 208.35 485.39 Td (9.8) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 485.39 Td (1) Tj ET Q q 0 0 0 rg BT 242.37 485.39 Td (1.5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 277.35 485.39 Td (9.4) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 52.50 473.39 Td (Consolidated average) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 57.00 465.89 Td (tangible common equity) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 151.50 466.44 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 466.44 Td (63.5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 190.50 466.44 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 466.44 Td (60.8) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 228.50 466.44 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 466.44 Td (63.1) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 262.50 466.44 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 466.44 Td (60.4) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 52.50 454.39 Td (ROE) Tj ET Q BT /F6 7.50 Tf ET BT /F6 4.87 Tf ET q 0 0 0 rg BT 68.75 457.97 Td (2, 6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 442.39 Td (Institutional Securities) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 170.35 442.39 Td (9.8) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 442.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 442.39 Td (13.0) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 442.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 442.39 Td (1) Tj ET Q q 0 0 0 rg BT 242.37 442.39 Td (1.3) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 442.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 442.39 Td (14.1) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 442.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 430.39 Td (W) Tj ET Q q 0 0 0 rg BT 59.51 430.39 Td (ealth Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 430.39 Td (20.1) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 430.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 430.39 Td (20.0) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 430.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 430.39 Td (20.0) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 430.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 430.39 Td (20.7) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 430.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 418.39 Td (Investment Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 418.39 Td (20.5) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 418.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 418.39 Td (15.7) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 418.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 418.39 Td (21.2) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 418.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 418.39 Td (17.5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 418.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 406.39 Td (Consolidated) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 406.39 Td (1) Tj ET Q q 0 0 0 rg BT 170.37 406.39 Td (1.2) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 406.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 406.39 Td (13.0) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 406.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 406.39 Td (12.1) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 406.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 406.39 Td (13.9) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 406.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 52.50 394.39 Td (ROTCE) Tj ET Q BT /F6 7.50 Tf ET BT /F6 4.87 Tf ET q 0 0 0 rg BT 78.75 397.97 Td (2, 6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 382.39 Td (Institutional Securities) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 170.35 382.39 Td (9.9) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 382.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 382.39 Td (13.2) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 382.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 382.39 Td (1) Tj ET Q q 0 0 0 rg BT 242.37 382.39 Td (1.5) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 382.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 382.39 Td (14.3) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 382.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 370.39 Td (W) Tj ET Q q 0 0 0 rg BT 59.51 370.39 Td (ealth Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 370.39 Td (36.1) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 370.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 370.39 Td (36.6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 370.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 370.39 Td (35.8) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 370.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 370.39 Td (37.8) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 370.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 358.39 Td (Investment Management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 358.39 Td (33.0) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 358.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 358.39 Td (24.5) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 358.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 358.39 Td (34.2) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 358.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 358.39 Td (27.4) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 358.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 52.50 346.39 Td (Consolidated) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 166.20 346.39 Td (12.8) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 180.80 346.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 204.20 346.39 Td (14.9) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 218.80 346.39 Td (%) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 238.20 346.39 Td (13.8) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 252.80 346.39 Td (%) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 273.20 346.39 Td (16.0) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 287.80 346.39 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.85 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 49.50 322.45 Td (1. ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 322.45 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 89.29 322.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 119.69 322.45 Td (exclude ) Tj ET Q q 0 0 0 rg BT 147.37 322.45 Td (net ) Tj ET Q q 0 0 0 rg BT 160.66 322.45 Td (discrete ) Tj ET Q q 0 0 0 rg BT 188.72 322.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 201.61 322.45 Td (provisions ) Tj ET Q q 0 0 0 rg BT 236.68 322.45 Td (\(benefits\) ) Tj ET Q q 0 0 0 rg BT 269.41 322.45 Td (that ) Tj ET Q q 0 0 0 rg BT 284.63 322.45 Td (are ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 314.05 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 94.49 314.05 Td (and ) Tj ET Q q 0 0 0 rg BT 107.54 314.05 Td (include ) Tj ET Q q 0 0 0 rg BT 131.09 314.05 Td (those ) Tj ET Q q 0 0 0 rg BT 149.59 314.05 Td (that ) Tj ET Q q 0 0 0 rg BT 162.63 314.05 Td (are ) Tj ET Q q 0 0 0 rg BT 174.12 314.05 Td (recurring. ) Tj ET Q q 0 0 0 rg BT 205.05 314.05 Td (Provision ) Tj ET Q q 0 0 0 rg BT 235.21 314.05 Td (or ) Tj ET Q q 0 0 0 rg BT 242.80 314.05 Td (\(benefits\) ) Tj ET Q q 0 0 0 rg BT 273.35 314.05 Td (related ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 305.65 Td (to ) Tj ET Q q 0 0 0 rg BT 66.37 305.65 Td (conversion ) Tj ET Q q 0 0 0 rg BT 102.25 305.65 Td (of ) Tj ET Q q 0 0 0 rg BT 110.12 305.65 Td (employee ) Tj ET Q q 0 0 0 rg BT 142.50 305.65 Td (share-based ) Tj ET Q q 0 0 0 rg BT 183.44 305.65 Td (awards ) Tj ET Q q 0 0 0 rg BT 208.03 305.65 Td (are ) Tj ET Q q 0 0 0 rg BT 220.18 305.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 250.62 305.65 Td (to ) Tj ET Q q 0 0 0 rg BT 258.49 305.65 Td (occur ) Tj ET Q q 0 0 0 rg BT 277.63 305.65 Td (every ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 297.25 Td (year ) Tj ET Q q 0 0 0 rg BT 74.23 297.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.02 297.25 Td (are ) Tj ET Q q 0 0 0 rg BT 100.24 297.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 136.60 297.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 166.33 297.25 Td (discrete ) Tj ET Q q 0 0 0 rg BT 192.95 297.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.40 297.25 Td (items. ) Tj ET Q q 0 0 0 rg BT 225.17 297.25 Td (For ) Tj ET Q q 0 0 0 rg BT 237.78 297.25 Td (further ) Tj ET Q q 0 0 0 rg BT 260.13 297.25 Td (information ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 288.85 Td (on ) Tj ET Q q 0 0 0 rg BT 69.41 288.85 Td (the ) Tj ET Q q 0 0 0 rg BT 82.26 288.85 Td (net ) Tj ET Q q 0 0 0 rg BT 95.11 288.85 Td (discrete ) Tj ET Q q 0 0 0 rg BT 122.74 288.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 135.19 288.85 Td (provisions ) Tj ET Q q 0 0 0 rg BT 169.83 288.85 Td (\(benefits\), ) Tj ET Q q 0 0 0 rg BT 204.07 288.85 Td (see ) Tj ET Q q 0 0 0 rg BT 218.48 288.85 Td (“) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 220.81 288.85 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 266.73 288.85 Td (Financial ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 280.45 Td (Information ) Tj ET Q q 0 0 0 rg BT 95.46 280.45 Td (and ) Tj ET Q q 0 0 0 rg BT 109.09 280.45 Td (Disclosures—Income ) Tj ET Q q 0 0 0 rg BT 177.04 280.45 Td (T) Tj ET Q q 0 0 0 rg BT 180.54 280.45 Td (ax ) Tj ET Q q 0 0 0 rg BT 189.87 280.45 Td (Matters) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 213.21 280.45 Td (” ) Tj ET Q q 0 0 0 rg BT 217.49 280.45 Td (herein.) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 49.50 272.05 Td (2. ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 272.05 Td (ROE ) Tj ET Q q 0 0 0 rg BT 76.79 272.05 Td (and ) Tj ET Q q 0 0 0 rg BT 91.59 272.05 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 119.21 272.05 Td (represent ) Tj ET Q q 0 0 0 rg BT 151.90 272.05 Td (annualized ) Tj ET Q q 0 0 0 rg BT 188.88 272.05 Td (net ) Tj ET Q q 0 0 0 rg BT 201.73 272.05 Td (income ) Tj ET Q q 0 0 0 rg BT 227.42 272.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 262.06 272.05 Td (to ) Tj ET Q q 0 0 0 rg BT 271.02 272.05 Td (Morgan ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 263.65 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 83.80 263.65 Td (less ) Tj ET Q q 0 0 0 rg BT 98.20 263.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 128.55 263.65 Td (dividends ) Tj ET Q q 0 0 0 rg BT 160.08 263.65 Td (as ) Tj ET Q q 0 0 0 rg BT 169.42 263.65 Td (a ) Tj ET Q q 0 0 0 rg BT 175.27 263.65 Td (percentage ) Tj ET Q q 0 0 0 rg BT 212.24 263.65 Td (of ) Tj ET Q q 0 0 0 rg BT 220.03 263.65 Td (average ) Tj ET Q q 0 0 0 rg BT 247.28 263.65 Td (common ) Tj ET Q q 0 0 0 rg BT 276.07 263.65 Td (equity ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 255.25 Td (and ) Tj ET Q q 0 0 0 rg BT 76.12 255.25 Td (average ) Tj ET Q q 0 0 0 rg BT 107.35 255.25 Td (tangible ) Tj ET Q q 0 0 0 rg BT 137.81 255.25 Td (common ) Tj ET Q q 0 0 0 rg BT 170.59 255.25 Td (equity) Tj ET Q q 0 0 0 rg BT 188.75 255.25 Td (, ) Tj ET Q q 0 0 0 rg BT 196.63 255.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 233.07 255.25 Td (. ) Tj ET Q q 0 0 0 rg BT 240.95 255.25 Td (When ) Tj ET Q q 0 0 0 rg BT 265.17 255.25 Td (excluding ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 246.85 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 96.29 246.85 Td (net ) Tj ET Q q 0 0 0 rg BT 109.18 246.85 Td (discrete ) Tj ET Q q 0 0 0 rg BT 136.86 246.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 149.36 246.85 Td (provisions ) Tj ET Q q 0 0 0 rg BT 184.03 246.85 Td (\(benefits\), ) Tj ET Q q 0 0 0 rg BT 218.32 246.85 Td (both ) Tj ET Q q 0 0 0 rg BT 235.11 246.85 Td (the ) Tj ET Q q 0 0 0 rg BT 248.00 246.85 Td (numerator ) Tj ET Q q 0 0 0 rg BT 283.07 246.85 Td (and ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 238.45 Td (average ) Tj ET Q q 0 0 0 rg BT 85.74 238.45 Td (denominator ) Tj ET Q q 0 0 0 rg BT 126.60 238.45 Td (are ) Tj ET Q q 0 0 0 rg BT 138.66 238.45 Td (adjusted.) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 49.50 230.05 Td (3. ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 230.05 Td (The ) Tj ET Q q 0 0 0 rg BT 72.26 230.05 Td (calculations ) Tj ET Q q 0 0 0 rg BT 110.52 230.05 Td (used ) Tj ET Q q 0 0 0 rg BT 127.40 230.05 Td (in ) Tj ET Q q 0 0 0 rg BT 134.54 230.05 Td (determining ) Tj ET Q q 0 0 0 rg BT 172.81 230.05 Td (our ) Tj ET Q q 0 0 0 rg BT 184.62 230.05 Td (“ROE ) Tj ET Q q 0 0 0 rg BT 203.81 230.05 Td (and ) Tj ET Q q 0 0 0 rg BT 217.18 230.05 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 243.27 230.05 Td (T) Tj ET Q q 0 0 0 rg BT 246.77 230.05 Td (argets” ) Tj ET Q q 0 0 0 rg BT 270.25 230.05 Td (referred ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 221.65 Td (to ) Tj ET Q q 0 0 0 rg BT 65.48 221.65 Td (in ) Tj ET Q q 0 0 0 rg BT 72.08 221.65 Td (the ) Tj ET Q q 0 0 0 rg BT 82.96 221.65 Td (following ) Tj ET Q q 0 0 0 rg BT 111.34 221.65 Td (section ) Tj ET Q q 0 0 0 rg BT 134.66 221.65 Td (are ) Tj ET Q q 0 0 0 rg BT 145.93 221.65 Td (the ) Tj ET Q q 0 0 0 rg BT 156.58 221.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 184.96 221.65 Td (ROE ) Tj ET Q q 0 0 0 rg BT 201.28 221.65 Td (and ) Tj ET Q q 0 0 0 rg BT 213.88 221.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 242.26 221.65 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 267.91 221.65 Td (amounts ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 213.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 80.68 213.25 Td (in ) Tj ET Q q 0 0 0 rg BT 88.07 213.25 Td (this ) Tj ET Q q 0 0 0 rg BT 100.91 213.25 Td (table.) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 49.50 204.85 Td (4. ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 204.85 Td (Pre-tax ) Tj ET Q q 0 0 0 rg BT 83.02 204.85 Td (margin ) Tj ET Q q 0 0 0 rg BT 106.37 204.85 Td (represents ) Tj ET Q q 0 0 0 rg BT 141.40 204.85 Td (income ) Tj ET Q q 0 0 0 rg BT 165.92 204.85 Td (from ) Tj ET Q q 0 0 0 rg BT 181.87 204.85 Td (continuing ) Tj ET Q q 0 0 0 rg BT 215.74 204.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 250.38 204.85 Td (before ) Tj ET Q q 0 0 0 rg BT 272.19 204.85 Td (income ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 196.45 Td (taxes ) Tj ET Q q 0 0 0 rg BT 77.18 196.45 Td (as ) Tj ET Q q 0 0 0 rg BT 86.51 196.45 Td (a ) Tj ET Q q 0 0 0 rg BT 92.35 196.45 Td (percentage ) Tj ET Q q 0 0 0 rg BT 129.32 196.45 Td (of ) Tj ET Q q 0 0 0 rg BT 137.11 196.45 Td (net ) Tj ET Q q 0 0 0 rg BT 148.78 196.45 Td (revenues.) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 49.50 188.05 Td (5. ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 188.05 Td (A) Tj ET Q q 0 0 0 rg BT 63.04 188.05 Td (verage ) Tj ET Q q 0 0 0 rg BT 88.27 188.05 Td (common ) Tj ET Q q 0 0 0 rg BT 118.94 188.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 141.44 188.05 Td (and ) Tj ET Q q 0 0 0 rg BT 156.94 188.05 Td (average ) Tj ET Q q 0 0 0 rg BT 186.06 188.05 Td (tangible ) Tj ET Q q 0 0 0 rg BT 214.41 188.05 Td (common ) Tj ET Q q 0 0 0 rg BT 245.07 188.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 267.58 188.05 Td (for ) Tj ET Q q 0 0 0 rg BT 279.57 188.05 Td (each ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 179.65 Td (business ) Tj ET Q q 0 0 0 rg BT 87.60 179.65 Td (segment ) Tj ET Q q 0 0 0 rg BT 115.93 179.65 Td (are ) Tj ET Q q 0 0 0 rg BT 127.53 179.65 Td (determined ) Tj ET Q q 0 0 0 rg BT 164.02 179.65 Td (using ) Tj ET Q q 0 0 0 rg BT 182.24 179.65 Td (our ) Tj ET Q q 0 0 0 rg BT 193.83 179.65 Td (Required ) Tj ET Q q 0 0 0 rg BT 223.71 179.65 Td (Capital ) Tj ET Q q 0 0 0 rg BT 246.98 179.65 Td (framework ) Tj ET Q q 0 0 0 rg BT 281.13 179.65 Td (\(see ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 171.25 Td (“) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 60.83 171.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 89.02 171.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.20 171.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 127.50 171.25 Td (Resources—Regulatory ) Tj ET Q q 0 0 0 rg BT 204.31 171.25 Td (Requirements—Attribution ) Tj ET Q q 0 0 0 rg BT 288.91 171.25 Td (of ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 162.85 Td (A) Tj ET Q q 0 0 0 rg BT 63.04 162.85 Td (verage ) Tj ET Q q 0 0 0 rg BT 88.06 162.85 Td (Common ) Tj ET Q q 0 0 0 rg BT 120.08 162.85 Td (Equity ) Tj ET Q q 0 0 0 rg BT 142.43 162.85 Td (According ) Tj ET Q q 0 0 0 rg BT 177.18 162.85 Td (to ) Tj ET Q q 0 0 0 rg BT 186.63 162.85 Td (the ) Tj ET Q q 0 0 0 rg BT 199.98 162.85 Td (Required ) Tj ET Q q 0 0 0 rg BT 232.01 162.85 Td (Capital ) Tj ET Q q 0 0 0 rg BT 257.42 162.85 Td (Framework) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 292.42 162.85 Td (” ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 154.45 Td (herein\).) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 49.50 146.05 Td (6. ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 146.05 Td (The ) Tj ET Q q 0 0 0 rg BT 72.48 146.05 Td (calculation ) Tj ET Q q 0 0 0 rg BT 107.47 146.05 Td (of ) Tj ET Q q 0 0 0 rg BT 115.23 146.05 Td (ROE ) Tj ET Q q 0 0 0 rg BT 132.31 146.05 Td (and ) Tj ET Q q 0 0 0 rg BT 145.91 146.05 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 172.32 146.05 Td (by ) Tj ET Q q 0 0 0 rg BT 181.63 146.05 Td (segment ) Tj ET Q q 0 0 0 rg BT 210.40 146.05 Td (uses ) Tj ET Q q 0 0 0 rg BT 227.10 146.05 Td (net ) Tj ET Q q 0 0 0 rg BT 238.75 146.05 Td (income ) Tj ET Q q 0 0 0 rg BT 263.23 146.05 Td (applicable ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 137.65 Td (to ) Tj ET Q q 0 0 0 rg BT 67.30 137.65 Td (Morgan ) Tj ET Q q 0 0 0 rg BT 94.00 137.65 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 120.31 137.65 Td (by ) Tj ET Q q 0 0 0 rg BT 130.66 137.65 Td (segment ) Tj ET Q q 0 0 0 rg BT 160.47 137.65 Td (less ) Tj ET Q q 0 0 0 rg BT 175.88 137.65 Td (preferred ) Tj ET Q q 0 0 0 rg BT 207.25 137.65 Td (dividends ) Tj ET Q q 0 0 0 rg BT 239.79 137.65 Td (allocated ) Tj ET Q q 0 0 0 rg BT 270.77 137.65 Td (to ) Tj ET Q q 0 0 0 rg BT 279.57 137.65 Td (each ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 129.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 87.84 129.25 Td (as ) Tj ET Q q 0 0 0 rg BT 97.73 129.25 Td (a ) Tj ET Q q 0 0 0 rg BT 104.12 129.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 141.64 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.97 129.25 Td (average ) Tj ET Q q 0 0 0 rg BT 177.76 129.25 Td (common ) Tj ET Q q 0 0 0 rg BT 207.09 129.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 228.27 129.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.44 129.25 Td (average ) Tj ET Q q 0 0 0 rg BT 270.23 129.25 Td (tangible ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 58.50 120.85 Td (common ) Tj ET Q q 0 0 0 rg BT 87.29 120.85 Td (equity) Tj ET Q q 0 0 0 rg BT 105.45 120.85 Td (, ) Tj ET Q q 0 0 0 rg BT 109.34 120.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 145.77 120.85 Td (, ) Tj ET Q q 0 0 0 rg BT 149.66 120.85 Td (allocated ) Tj ET Q q 0 0 0 rg BT 179.63 120.85 Td (to ) Tj ET Q q 0 0 0 rg BT 187.41 120.85 Td (each ) Tj ET Q q 0 0 0 rg BT 204.54 120.85 Td (segment.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 321.75 722.25 Td (Return on Equity and ) Tj ET Q q 0 0 0 rg BT 417.71 722.25 Td (T) Tj ET Q q 0 0 0 rg BT 423.46 722.25 Td (angible Common Equity ) Tj ET Q q 0 0 0 rg BT 530.24 722.25 Td (T) Tj ET Q q 0 0 0 rg BT 535.99 722.25 Td (argets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 700.25 Td (W) Tj ET Q q 0 0 0 rg BT 330.39 700.25 Td (e ) Tj ET Q q 0 0 0 rg BT 336.85 700.25 Td (have ) Tj ET Q q 0 0 0 rg BT 357.75 700.25 Td (an ) Tj ET Q q 0 0 0 rg BT 369.22 700.25 Td (ROE ) Tj ET Q q 0 0 0 rg BT 391.10 700.25 Td (T) Tj ET Q q 0 0 0 rg BT 396.51 700.25 Td (ar) Tj ET Q q 0 0 0 rg BT 404.09 700.25 Td (get ) Tj ET Q q 0 0 0 rg BT 418.34 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.69 700.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 449.05 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.85 700.25 Td (13% ) Tj ET Q q 0 0 0 rg BT 479.21 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.67 700.25 Td (an ) Tj ET Q q 0 0 0 rg BT 507.13 700.25 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 541.79 700.25 Td (T) Tj ET Q q 0 0 0 rg BT 547.20 700.25 Td (ar) Tj ET Q q 0 0 0 rg BT 554.79 700.25 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.58 688.25 Td (1) Tj ET Q q 0 0 0 rg BT 337.21 688.25 Td (1.5% ) Tj ET Q q 0 0 0 rg BT 360.54 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.82 688.25 Td (14.5%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 666.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 339.24 666.25 Td (ROE ) Tj ET Q q 0 0 0 rg BT 361.18 666.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.55 666.25 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 412.13 666.25 Td (T) Tj ET Q q 0 0 0 rg BT 417.54 666.25 Td (ar) Tj ET Q q 0 0 0 rg BT 425.13 666.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 443.17 666.25 Td (are ) Tj ET Q q 0 0 0 rg BT 457.32 666.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 524.79 666.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 654.25 Td (that ) Tj ET Q q 0 0 0 rg BT 340.35 654.25 Td (may ) Tj ET Q q 0 0 0 rg BT 361.18 654.25 Td (be ) Tj ET Q q 0 0 0 rg BT 374.22 654.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 418.37 654.25 Td (af) Tj ET Q q 0 0 0 rg BT 425.96 654.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 453.99 654.25 Td (by ) Tj ET Q q 0 0 0 rg BT 467.59 654.25 Td (many ) Tj ET Q q 0 0 0 rg BT 493.42 654.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 526.73 654.25 Td (including, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 642.25 Td (among ) Tj ET Q q 0 0 0 rg BT 352.26 642.25 Td (other ) Tj ET Q q 0 0 0 rg BT 376.10 642.25 Td (things: ) Tj ET Q q 0 0 0 rg BT 406.62 642.25 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 473.77 642.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.50 642.25 Td (market ) Tj ET Q q 0 0 0 rg BT 522.56 642.25 Td (conditions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 630.25 Td (legislative ) Tj ET Q q 0 0 0 rg BT 365.31 630.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.21 630.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 425.76 630.25 Td (developments; ) Tj ET Q q 0 0 0 rg BT 486.54 630.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 521.78 630.25 Td (trading ) 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 321.75 618.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 366.95 618.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 400.48 618.25 Td (volumes; ) Tj ET Q q 0 0 0 rg BT 438.46 618.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 464.77 618.25 Td (market ) Tj ET Q q 0 0 0 rg BT 493.85 618.25 Td (levels; ) Tj ET Q q 0 0 0 rg BT 521.27 618.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 552.02 618.25 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 606.25 Td (environment; ) Tj ET Q q 0 0 0 rg BT 379.72 606.25 Td (outsized ) Tj ET Q q 0 0 0 rg BT 417.69 606.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 441.78 606.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 482.53 606.25 Td (or ) Tj ET Q q 0 0 0 rg BT 495.50 606.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 535.70 606.25 Td (and ) Tj ET Q q 0 0 0 rg BT 554.78 606.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 594.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 350.98 594.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.44 594.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 401.11 594.25 Td (a ) Tj ET Q q 0 0 0 rg BT 409.23 594.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 444.56 594.25 Td (level ) Tj ET Q q 0 0 0 rg BT 467.67 594.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.68 594.25 Td (expenses; ) Tj ET Q q 0 0 0 rg BT 522.24 594.25 Td (and ) Tj ET Q q 0 0 0 rg BT 540.36 594.25 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 582.25 Td (levels. ) Tj ET Q q 0 0 0 rg BT 348.86 582.25 Td (For ) Tj ET Q q 0 0 0 rg BT 364.04 582.25 Td (further ) Tj ET Q q 0 0 0 rg BT 392.53 582.25 Td (information ) Tj ET Q q 0 0 0 rg BT 441.02 582.25 Td (on ) Tj ET Q q 0 0 0 rg BT 452.31 582.25 Td (our ) Tj ET Q q 0 0 0 rg BT 466.92 582.25 Td (ROE ) Tj ET Q q 0 0 0 rg BT 488.21 582.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.93 582.25 Td (ROTCE ) Tj ET Q q 0 0 0 rg BT 537.90 582.25 Td (T) Tj ET Q q 0 0 0 rg BT 543.31 582.25 Td (ar) Tj ET Q q 0 0 0 rg BT 550.90 582.25 Td (gets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 570.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.06 570.25 Td (related ) Tj ET Q q 0 0 0 rg BT 369.14 570.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 423.97 570.25 Td (see ) Tj ET Q q 0 0 0 rg BT 439.61 570.25 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.05 570.25 Td (Management’) Tj ET Q q 0 0 0 rg BT 499.03 570.25 Td (s ) Tj ET Q q 0 0 0 rg BT 505.80 570.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 552.57 570.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 558.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 359.41 558.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.40 558.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 410.27 558.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 452.93 558.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.03 558.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 502.14 558.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.12 558.25 Td (Operations—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 546.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 370.50 546.25 Td (Summary—Return ) Tj ET Q q 0 0 0 rg BT 455.38 546.25 Td (on ) Tj ET Q q 0 0 0 rg BT 474.15 546.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 509.58 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.16 546.25 Td (T) Tj ET Q q 0 0 0 rg BT 537.57 546.25 Td (angible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 534.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 361.48 534.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 390.46 534.25 Td (T) Tj ET Q q 0 0 0 rg BT 395.87 534.25 Td (ar) Tj ET Q q 0 0 0 rg BT 403.46 534.25 Td (gets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.57 534.25 Td (” ) Tj ET Q q 0 0 0 rg BT 426.51 534.25 Td (in ) Tj ET Q q 0 0 0 rg BT 436.78 534.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 534.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 474.00 534.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 498.17 534.25 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.72 534.25 Td (.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I33 Do Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 321.75 497.85 Td (Business ) Tj ET Q q 0 0 0 rg BT 368.77 497.85 Td (Segments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 475.85 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 379.10 475.85 Td (all ) Tj ET Q q 0 0 0 rg BT 394.22 475.85 Td (of ) Tj ET Q q 0 0 0 rg BT 407.67 475.85 Td (our ) Tj ET Q q 0 0 0 rg BT 426.13 475.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 469.01 475.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 509.67 475.85 Td (and ) Tj ET Q q 0 0 0 rg BT 529.24 475.85 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 463.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 361.58 463.85 Td (are ) Tj ET Q q 0 0 0 rg BT 377.53 463.85 Td (directly ) Tj ET Q q 0 0 0 rg BT 411.80 463.85 Td (attributable ) Tj ET Q q 0 0 0 rg BT 461.08 463.85 Td (to ) Tj ET Q q 0 0 0 rg BT 472.59 463.85 Td (our ) Tj ET Q q 0 0 0 rg BT 489.66 463.85 Td (business ) Tj ET Q q 0 0 0 rg BT 527.28 463.85 Td (segments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 451.85 Td (Certain ) Tj ET Q q 0 0 0 rg BT 354.91 451.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 394.17 451.85 Td (and ) Tj ET Q q 0 0 0 rg BT 412.34 451.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 452.16 451.85 Td (have ) Tj ET Q q 0 0 0 rg BT 474.76 451.85 Td (been ) Tj ET Q q 0 0 0 rg BT 497.37 451.85 Td (allocated ) Tj ET Q q 0 0 0 rg BT 537.18 451.85 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 451.85 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 439.85 Td (business ) Tj ET Q q 0 0 0 rg BT 357.94 439.85 Td (segment, ) Tj ET Q q 0 0 0 rg BT 396.06 439.85 Td (generally ) Tj ET Q q 0 0 0 rg BT 435.55 439.85 Td (in ) Tj ET Q q 0 0 0 rg BT 445.63 439.85 Td (proportion ) Tj ET Q q 0 0 0 rg BT 490.14 439.85 Td (to ) Tj ET Q q 0 0 0 rg BT 500.21 439.85 Td (its ) Tj ET Q q 0 0 0 rg BT 511.96 439.85 Td (respective ) Tj ET Q q 0 0 0 rg BT 554.78 439.85 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 427.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 362.29 427.85 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 412.55 427.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 451.15 427.85 Td (or ) Tj ET Q q 0 0 0 rg BT 461.98 427.85 Td (other ) Tj ET Q q 0 0 0 rg BT 485.03 427.85 Td (relevant ) Tj ET Q q 0 0 0 rg BT 519.73 427.85 Td (measures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 407.85 Td (For ) Tj ET Q q 0 0 0 rg BT 337.93 407.85 Td (an ) Tj ET Q q 0 0 0 rg BT 349.65 407.85 Td (overview ) Tj ET Q q 0 0 0 rg BT 389.15 407.85 Td (of ) Tj ET Q q 0 0 0 rg BT 399.76 407.85 Td (the ) Tj ET Q q 0 0 0 rg BT 414.27 407.85 Td (components ) Tj ET Q q 0 0 0 rg BT 464.88 407.85 Td (of ) Tj ET Q q 0 0 0 rg BT 475.50 407.85 Td (our ) Tj ET Q q 0 0 0 rg BT 491.11 407.85 Td (business ) Tj ET Q q 0 0 0 rg BT 527.29 407.85 Td (segments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 395.85 Td (net ) Tj ET Q q 0 0 0 rg BT 337.90 395.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 379.88 395.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 439.36 395.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 475.50 395.85 Td (and ) Tj ET Q q 0 0 0 rg BT 493.88 395.85 Td (income ) Tj ET Q q 0 0 0 rg BT 527.25 395.85 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 554.23 395.85 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 383.85 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.19 383.85 Td (Management’) Tj ET Q q 0 0 0 rg BT 381.17 383.85 Td (s ) Tj ET Q q 0 0 0 rg BT 394.07 383.85 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 446.97 383.85 Td (and ) Tj ET Q q 0 0 0 rg BT 468.44 383.85 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 512.45 383.85 Td (of ) Tj ET Q q 0 0 0 rg BT 529.79 383.85 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 371.85 Td (Condition ) Tj ET Q q 0 0 0 rg BT 363.84 371.85 Td (and ) Tj ET Q q 0 0 0 rg BT 380.36 371.85 Td (Results ) Tj ET Q q 0 0 0 rg BT 411.89 371.85 Td (of ) Tj ET Q q 0 0 0 rg BT 422.30 371.85 Td (Operations—Business ) Tj ET Q q 0 0 0 rg BT 513.82 371.85 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.70 371.85 Td (” ) Tj ET Q q 0 0 0 rg BT 559.22 371.85 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 359.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.47 359.85 Td (2018 ) Tj ET Q q 0 0 0 rg BT 358.97 359.85 Td (Form ) Tj ET Q q 0 0 0 rg BT 383.14 359.85 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.69 359.85 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 337.85 Td (W) Tj ET Q q 0 0 0 rg BT 330.79 337.85 Td (ith ) Tj ET Q q 0 0 0 rg BT 347.00 337.85 Td (respect ) Tj ET Q q 0 0 0 rg BT 380.97 337.85 Td (to ) Tj ET Q q 0 0 0 rg BT 394.41 337.85 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 448.40 337.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 493.49 337.85 Td (sales ) Tj ET Q q 0 0 0 rg BT 518.58 337.85 Td (and ) Tj ET Q q 0 0 0 rg BT 538.68 337.85 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 325.85 Td (activities, ) Tj ET Q q 0 0 0 rg BT 365.63 325.85 Td (Commodities ) Tj ET Q q 0 0 0 rg BT 424.80 325.85 Td (products ) Tj ET Q q 0 0 0 rg BT 464.52 325.85 Td (and ) Tj ET Q q 0 0 0 rg BT 484.24 325.85 Td (Other ) Tj ET Q q 0 0 0 rg BT 512.29 325.85 Td (also ) Tj ET Q q 0 0 0 rg BT 533.68 325.85 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 313.85 Td (T) Tj ET Q q 0 0 0 rg BT 327.51 313.85 Td (rading ) Tj ET Q q 0 0 0 rg BT 358.86 313.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 400.20 313.85 Td (from ) Tj ET Q q 0 0 0 rg BT 425.44 313.85 Td (managing ) Tj ET Q q 0 0 0 rg BT 470.68 313.85 Td (derivative ) Tj ET Q q 0 0 0 rg BT 516.47 313.85 Td (counterparty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 301.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 347.19 301.85 Td (risk ) Tj ET Q q 0 0 0 rg BT 364.87 301.85 Td (on ) Tj ET Q q 0 0 0 rg BT 377.55 301.85 Td (behalf ) Tj ET Q q 0 0 0 rg BT 405.22 301.85 Td (of ) Tj ET Q q 0 0 0 rg BT 416.23 301.85 Td (clients, ) Tj ET Q q 0 0 0 rg BT 447.51 301.85 Td (in ) Tj ET Q q 0 0 0 rg BT 457.97 301.85 Td (addition ) Tj ET Q q 0 0 0 rg BT 493.42 301.85 Td (to ) Tj ET Q q 0 0 0 rg BT 503.88 301.85 Td (results ) Tj ET Q q 0 0 0 rg BT 532.67 301.85 Td (from ) Tj ET Q q 0 0 0 rg BT 554.79 301.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 289.85 Td (centralized ) Tj ET Q q 0 0 0 rg BT 372.05 289.85 Td (management ) Tj ET Q q 0 0 0 rg BT 429.59 289.85 Td (of ) Tj ET Q q 0 0 0 rg BT 444.37 289.85 Td (our ) Tj ET Q q 0 0 0 rg BT 464.15 289.85 Td (fixed ) Tj ET Q q 0 0 0 rg BT 491.14 289.85 Td (income ) Tj ET Q q 0 0 0 rg BT 527.02 289.85 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 277.85 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 374.78 277.85 Td (exposures.) 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 49.50 720.90 Td (Institutional Securities) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 700.70 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 169 669.2 m 210 669.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 669.2 m 251 669.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 656.2 m 169 656.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 656.2 m 210 656.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 656.2 m 251 656.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 656.2 m 295 656.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 630.2 m 169 630.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 630.2 m 210 630.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 630.2 m 251 630.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 630.2 m 295 630.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 617.2 m 169 617.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 617.2 m 210 617.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 617.2 m 251 617.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 617.2 m 295 617.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 604.2 m 169 604.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 604.2 m 210 604.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 604.2 m 251 604.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 604.2 m 295 604.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 591.2 m 169 591.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 578.2 m 169 578.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 591.2 m 210 591.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 578.2 m 210 578.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 591.2 m 251 591.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 578.2 m 251 578.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 591.2 m 295 591.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 578.2 m 295 578.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 565.2 m 169 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 565.2 m 210 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 565.2 m 251 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 565.2 m 295 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 552.2 m 169 552.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 552.2 m 210 552.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 552.2 m 251 552.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 552.2 m 295 552.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 552.2 m 210 552.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 552.2 m 251 552.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 539.2 m 169 539.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 526.2 m 169 526.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 539.2 m 210 539.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 526.2 m 210 526.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 539.2 m 251 539.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 526.2 m 251 526.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 539.2 m 295 539.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 526.2 m 295 526.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 513.2 m 169 513.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 513.2 m 210 513.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 513.2 m 251 513.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 513.2 m 295 513.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 500.2 m 169 500.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 500.2 m 210 500.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 513.2 m 251 513.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 500.2 m 251 500.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 500.2 m 295 500.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 487.2 m 169 487.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 474.2 m 169 474.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 487.2 m 210 487.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 474.2 m 210 474.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 487.2 m 251 487.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 474.2 m 251 474.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 487.2 m 295 487.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 474.2 m 295 474.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 461.2 m 169 461.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 461.2 m 210 461.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 461.2 m 251 461.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 461.2 m 295 461.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 461.2 m 210 461.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 461.2 m 251 461.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 432.2 m 169 432.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 418.2 m 169 418.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 432.2 m 210 432.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 418.2 m 210 418.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 432.2 m 251 432.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 418.2 m 251 418.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 432.2 m 295 432.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 418.2 m 295 418.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 397.2 m 169 397.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 368.2 m 169 368.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 397.2 m 210 397.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 368.2 m 210 368.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 397.2 m 251 397.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 368.2 m 251 368.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 397.2 m 295 397.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 368.2 m 295 368.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 355.2 m 169 355.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 355.2 m 210 355.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 334.2 m 210 334.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 355.2 m 251 355.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 334.2 m 251 334.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 355.2 m 295 355.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 334.2 m 295 334.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 334.2 m 169 334.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 313.2 m 169 313.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 169 313.2 m 210 313.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 334.2 m 251 334.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 210 313.2 m 251 313.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 334.2 m 295 334.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 251 313.2 m 295 313.2 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 673.43 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 172.10 681.43 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 194.15 673.43 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.50 673.43 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 660.15 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 180.10 660.43 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 221.10 660.43 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.80 660.43 Td (% Change) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 647.43 Td (Revenues) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 634.43 Td (Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 634.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 634.43 Td (1,472) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 634.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 634.48 Td (1,699) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 634.43 Td (\(13) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 634.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 621.43 Td (T) Tj ET Q q 0 0 0 rg BT 57.24 621.43 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 621.43 Td (2,558) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 621.48 Td (3,128) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 621.43 Td (\(18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 621.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 608.43 Td (Investments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 608.43 Td (194) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 608.43 Td (89) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.35 608.43 Td (1) Tj ET Q q 0 0 0 rg BT 275.80 608.43 Td (18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 608.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 595.43 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 595.43 Td (625) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 595.43 Td (674) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.55 595.48 Td (\(7) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 595.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 582.43 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 582.43 Td (103) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 582.43 Td (102) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.25 582.43 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 582.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 569.43 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 569.43 Td (143) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 569.43 Td (168) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 569.43 Td (\(15) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 569.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 556.43 Td (T) Tj ET Q q 0 0 0 rg BT 56.94 556.43 Td (otal non-interest revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 556.43 Td (5,095) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 556.48 Td (5,860) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 556.43 Td (\(13) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 556.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 543.43 Td (Interest income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 543.43 Td (3,289) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 543.48 Td (2,195) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 543.48 Td (50) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 543.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 530.43 Td (Interest expense) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 530.43 Td (3,271) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 530.48 Td (2,341) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 530.48 Td (40) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 530.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 517.43 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.90 517.43 Td (18) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 231.75 517.48 Td (\(146) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 247.80 517.43 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.35 517.43 Td (1) Tj ET Q q 0 0 0 rg BT 275.80 517.43 Td (12) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 517.43 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 504.43 Td (Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 504.43 Td (5,1) Tj ET Q q 0 0 0 rg BT 197.87 504.43 Td (13) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 504.48 Td (5,714) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 504.43 Td (\(1) Tj ET Q q 0 0 0 rg BT 280.21 504.43 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 504.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 491.43 Td (Compensation and benefits) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 491.43 Td (1,789) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 491.48 Td (1,993) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 491.43 Td (\(10) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 491.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 478.43 Td (Non-compensation expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 478.43 Td (1,861) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 478.48 Td (1,909) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.55 478.48 Td (\(3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 478.43 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 465.43 Td (T) Tj ET Q q 0 0 0 rg BT 56.79 465.43 Td (otal non-interest expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 465.43 Td (3,650) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 465.48 Td (3,902) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.55 465.48 Td (\(6) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 465.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 452.43 Td (Income from continuing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 444.43 Td (operations before income) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 436.43 Td (taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 436.43 Td (1,463) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 436.48 Td (1,812) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 436.43 Td (\(19) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 436.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 422.43 Td (Provision for income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 422.43 Td (324) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 422.43 Td (323) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.65 422.43 Td (—) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 422.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 409.43 Td (Income from continuing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 401.43 Td (operations) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 401.43 Td (1,139) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 401.48 Td (1,489) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 401.43 Td (\(24) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 401.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 388.43 Td (Income \(loss\) from) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 380.43 Td (discontinued operations, net) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 372.43 Td (of income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 198.75 372.43 Td (—) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 241.10 372.29 Td (\(2) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 247.80 372.29 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.35 372.43 Td (100) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 372.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 359.43 Td (Net income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 359.43 Td (1,139) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 359.48 Td (1,487) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 359.43 Td (\(23) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 359.43 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 346.43 Td (Net income applicable to) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 338.43 Td (noncontrolling interests) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.90 338.43 Td (18) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 338.43 Td (30) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 338.43 Td (\(40) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 338.43 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 325.43 Td (Net income applicable to) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 317.43 Td (Morgan Stanley) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 317.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 317.43 Td (1,121) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 317.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 317.48 Td (1,457) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 317.43 Td (\(23) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 317.43 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.75 712.65 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 669.15 m 481.35 669.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 669.15 m 522.35 669.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 656.15 m 440.35 656.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 669.15 m 481.35 669.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 656.15 m 481.35 656.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 669.15 m 522.35 669.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 656.15 m 522.35 656.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 656.15 m 566.35 656.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 656.15 m 440.35 656.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 630.15 m 440.35 630.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 630.15 m 481.35 630.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 630.15 m 522.35 630.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 630.15 m 566.35 630.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 617.15 m 440.35 617.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 617.15 m 481.35 617.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 617.15 m 522.35 617.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 617.15 m 566.35 617.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 604.15 m 440.35 604.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 604.15 m 481.35 604.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 604.15 m 522.35 604.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 604.15 m 566.35 604.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 591.15 m 440.35 591.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 578.15 m 440.35 578.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 591.15 m 481.35 591.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 578.15 m 481.35 578.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 591.15 m 522.35 591.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 578.15 m 522.35 578.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 591.15 m 566.35 591.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 578.15 m 566.35 578.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 565.15 m 440.35 565.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 565.15 m 481.35 565.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 565.15 m 522.35 565.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 565.15 m 566.35 565.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 552.15 m 440.35 552.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 552.15 m 481.35 552.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 552.15 m 522.35 552.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 552.15 m 566.35 552.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 552.15 m 481.35 552.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 552.15 m 522.35 552.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 539.15 m 440.35 539.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 526.15 m 440.35 526.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 539.15 m 481.35 539.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 526.15 m 481.35 526.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 539.15 m 522.35 539.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 526.15 m 522.35 526.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 539.15 m 566.35 539.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 526.15 m 566.35 526.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 513.15 m 440.35 513.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 513.15 m 481.35 513.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 513.15 m 522.35 513.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 513.15 m 566.35 513.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 500.15 m 440.35 500.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 513.15 m 481.35 513.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 500.15 m 481.35 500.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 513.15 m 522.35 513.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 500.15 m 522.35 500.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 500.15 m 566.35 500.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 500.15 m 481.35 500.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 500.15 m 522.35 500.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 487.15 m 440.35 487.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 474.15 m 440.35 474.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 487.15 m 481.35 487.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 474.15 m 481.35 474.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 487.15 m 522.35 487.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 474.15 m 522.35 474.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 487.15 m 566.35 487.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 474.15 m 566.35 474.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 461.15 m 440.35 461.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 461.15 m 481.35 461.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 461.15 m 522.35 461.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 461.15 m 566.35 461.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 461.15 m 481.35 461.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 461.15 m 522.35 461.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 432.15 m 440.35 432.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 418.15 m 440.35 418.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 432.15 m 481.35 432.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 418.15 m 481.35 418.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 432.15 m 522.35 432.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 418.15 m 522.35 418.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 432.15 m 566.35 432.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 418.15 m 566.35 418.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 418.15 m 481.35 418.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 397.15 m 481.35 397.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 418.15 m 522.35 418.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 397.15 m 522.35 397.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 397.15 m 440.35 397.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 368.15 m 440.35 368.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 397.15 m 481.35 397.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 368.15 m 481.35 368.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 397.15 m 522.35 397.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 368.15 m 522.35 368.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 397.15 m 566.35 397.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 368.15 m 566.35 368.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 368.15 m 481.35 368.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 355.15 m 481.35 355.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 368.15 m 522.35 368.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 355.15 m 522.35 355.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 355.15 m 440.35 355.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 355.15 m 481.35 355.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 334.15 m 481.35 334.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 355.15 m 522.35 355.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 334.15 m 522.35 334.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 355.15 m 566.35 355.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 334.15 m 440.35 334.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 321.35 313.15 m 440.35 313.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 334.15 m 481.35 334.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 440.35 313.15 m 481.35 313.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 334.15 m 522.35 334.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 481.35 313.15 m 522.35 313.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 334.15 m 566.35 334.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 522.35 313.15 m 566.35 313.15 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 673.38 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 448.35 681.38 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 465.50 673.38 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 524.85 673.38 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 323.85 660.10 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 451.45 660.38 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 492.45 660.38 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 525.15 660.38 Td (% Change) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 323.85 647.38 Td (Revenues) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 634.38 Td (Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 442.85 634.38 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 634.38 Td (2,623) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 483.85 634.38 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 634.43 Td (3,212) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 634.38 Td (\(18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 634.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 621.38 Td (T) Tj ET Q q 0 0 0 rg BT 328.59 621.38 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 621.38 Td (5,688) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 621.43 Td (6,771) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 621.38 Td (\(16) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 621.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 608.38 Td (Investments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 464.80 608.38 Td (275) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 505.80 608.38 Td (138) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 547.15 608.43 Td (99) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 558.70 608.38 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 595.38 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 595.38 Td (1,246) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 595.43 Td (1,418) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 595.38 Td (\(12) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 595.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 582.38 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 464.80 582.38 Td (210) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 505.80 582.38 Td (212) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 548.90 582.43 Td (\(1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 582.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 569.38 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 464.80 569.38 Td (365) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 505.80 569.38 Td (304) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 547.15 569.43 Td (20) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 558.70 569.38 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 556.38 Td (T) Tj ET Q q 0 0 0 rg BT 328.29 556.38 Td (otal non-interest revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 453.65 556.38 Td (10,407) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 494.60 556.38 Td (12,055) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 556.38 Td (\(14) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 556.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 543.38 Td (Interest income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 543.38 Td (6,345) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 543.43 Td (3,999) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 547.15 543.43 Td (59) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 558.70 543.38 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 530.38 Td (Interest expense) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 530.38 Td (6,443) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 530.43 Td (4,240) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 547.15 530.43 Td (52) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 558.70 530.38 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 517.38 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 466.55 517.38 Td (\(98) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 478.15 517.38 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 503.10 517.43 Td (\(241) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 519.15 517.38 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 547.15 517.43 Td (59) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 558.70 517.38 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 323.85 504.38 Td (Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 453.65 504.38 Td (10,309) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 494.60 504.38 Td (1) Tj ET Q q 0 0 0 rg BT 499.05 504.38 Td (1,814) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 504.38 Td (\(13) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 504.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 491.38 Td (Compensation and benefits) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 491.38 Td (3,608) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 491.43 Td (4,153) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 491.38 Td (\(13) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 491.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 478.38 Td (Non-compensation expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 478.38 Td (3,643) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 478.43 Td (3,737) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 548.90 478.43 Td (\(3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 478.38 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 323.85 465.38 Td (T) Tj ET Q q 0 0 0 rg BT 328.14 465.38 Td (otal non-interest expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 465.38 Td (7,251) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 465.43 Td (7,890) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 548.90 465.43 Td (\(8) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 465.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 452.38 Td (Income from continuing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 328.35 444.38 Td (operations before income) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 328.35 436.38 Td (taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 436.38 Td (3,058) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 436.43 Td (3,924) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 436.38 Td (\(22) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 436.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 422.38 Td (Provision for income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 464.80 422.38 Td (514) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 505.80 422.38 Td (772) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 422.38 Td (\(33) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 422.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 409.38 Td (Income from continuing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 328.35 401.38 Td (operations) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 401.38 Td (2,544) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 401.43 Td (3,152) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 401.38 Td (\(19) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 401.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 388.38 Td (Income \(loss\) from) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 328.35 380.38 Td (discontinued operations, net) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 328.35 372.38 Td (of income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 470.10 372.38 Td (—) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 511.95 372.38 Td (\(4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 519.15 372.38 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 542.70 372.38 Td (100) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 558.70 372.38 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 359.38 Td (Net income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 359.38 Td (2,544) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 359.43 Td (3,148) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 359.38 Td (\(19) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 359.38 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 323.85 346.38 Td (Net income applicable to) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 328.35 338.38 Td (noncontrolling interests) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 469.25 338.38 Td (52) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 510.20 338.38 Td (64) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 338.38 Td (\(19) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 338.38 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 323.85 325.38 Td (Net income applicable to) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 328.35 317.38 Td (Morgan Stanley) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 442.85 317.38 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 458.10 317.38 Td (2,492) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 483.85 317.38 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 499.10 317.43 Td (3,084) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.45 317.38 Td (\(19) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.05 317.38 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I34 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 722.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 97.56 722.25 Td (Banking) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 702.05 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 169 657.55 m 210 657.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 657.55 m 251 657.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 645.55 m 169 645.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 657.55 m 210 657.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 645.55 m 210 645.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 645.55 m 251 645.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 645.55 m 295 645.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 633.55 m 169 633.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 633.55 m 210 633.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 633.55 m 251 633.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 645.55 m 295 645.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 633.55 m 295 633.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 609.55 m 169 609.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 609.55 m 210 609.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 609.55 m 251 609.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 597.55 m 169 597.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 597.55 m 210 597.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 597.55 m 251 597.55 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 609.55 m 295 609.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 597.55 m 295 597.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 585.55 m 169 585.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 585.55 m 210 585.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 585.55 m 251 585.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 585.55 m 295 585.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 573.55 m 169 573.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 169 573.55 m 210 573.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 210 573.55 m 251 573.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 251 573.55 m 295 573.55 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 661.78 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 172.10 669.78 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 194.15 661.78 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.50 661.78 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 649.50 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 180.10 649.23 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 221.10 649.23 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.80 649.23 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 637.23 Td (Advisory) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 637.23 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 637.23 Td (506) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 637.23 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 637.23 Td (618) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 637.23 Td (\(18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 637.23 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 625.23 Td (Underwriting:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 613.23 Td ( Equity) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 613.23 Td (546) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 613.23 Td (541) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.25 613.23 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 613.23 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 601.23 Td ( Fixed income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 601.23 Td (420) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 601.23 Td (540) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 601.23 Td (\(22) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 601.23 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 589.23 Td (T) Tj ET Q q 0 0 0 rg BT 56.50 589.23 Td (otal Underwriting) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 589.23 Td (966) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 589.28 Td (1,081) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 589.23 Td (\(1) Tj ET Q q 0 0 0 rg BT 280.21 589.23 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 589.23 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 577.23 Td (T) Tj ET Q q 0 0 0 rg BT 56.79 577.23 Td (otal Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 577.23 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 577.23 Td (1,472) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 577.23 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 577.28 Td (1,699) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 577.23 Td (\(13) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 577.23 Td (\)%) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 539.55 m 210 539.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 539.55 m 251 539.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 527.55 m 169 527.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 539.55 m 210 539.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 527.55 m 210 527.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 539.55 m 251 539.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 527.55 m 251 527.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 527.55 m 295 527.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 527.55 m 169 527.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 515.55 m 169 515.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 527.55 m 210 527.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 515.55 m 210 515.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 527.55 m 251 527.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 515.55 m 251 515.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 527.55 m 295 527.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 515.55 m 295 515.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 491.55 m 169 491.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 491.55 m 210 491.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 491.55 m 251 491.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 479.55 m 169 479.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 479.55 m 210 479.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 479.55 m 251 479.55 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 491.55 m 295 491.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 479.55 m 295 479.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 467.55 m 169 467.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 479.55 m 210 479.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 467.55 m 210 467.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 467.55 m 251 467.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 467.55 m 295 467.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 455.55 m 169 455.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 169 455.55 m 210 455.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 210 455.55 m 251 455.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 251 455.55 m 295 455.55 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 543.78 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 177.00 551.78 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 194.15 543.78 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.50 543.78 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 531.50 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 180.10 531.23 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 221.10 531.23 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.80 531.23 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 519.23 Td (Advisory) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 519.23 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 519.23 Td (912) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 519.23 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 519.28 Td (1,192) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 519.23 Td (\(23) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 519.23 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 507.23 Td (Underwriting:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 495.23 Td ( Equity) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 495.23 Td (885) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 495.23 Td (962) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.55 495.28 Td (\(8) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 495.23 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 483.23 Td ( Fixed income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 483.23 Td (826) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 483.28 Td (1,058) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 483.23 Td (\(22) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 483.23 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 471.23 Td (T) Tj ET Q q 0 0 0 rg BT 56.50 471.23 Td (otal Underwriting) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 471.23 Td (1,71) Tj ET Q q 0 0 0 rg BT 202.32 471.23 Td (1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 471.28 Td (2,020) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 471.23 Td (\(15) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 471.23 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 459.23 Td (T) Tj ET Q q 0 0 0 rg BT 56.79 459.23 Td (otal Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 459.23 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 459.23 Td (2,623) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 459.23 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 459.28 Td (3,212) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 459.23 Td (\(18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 459.23 Td (\)%) Tj ET Q BT /F7 8.50 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 435.85 Td (Investment Banking V) Tj ET Q q 0 0 0 rg BT 137.67 435.85 Td (olumes) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 138 404.35 m 179 404.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 179 404.35 m 220 404.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 220 404.35 m 258 404.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 404.35 m 296 404.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 383.35 m 138 383.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 138 404.35 m 179 404.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 138 383.35 m 179 383.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 179 404.35 m 220 404.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 179 383.35 m 220 383.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 220 404.35 m 258 404.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 220 383.35 m 258 383.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 404.35 m 296 404.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 383.35 m 296 383.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 220 383.35 m 258 383.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 383.35 m 296 383.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 362.35 m 138 362.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 341.35 m 138 341.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 138 362.35 m 179 362.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 138 341.35 m 179 341.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 179 362.35 m 220 362.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 179 341.35 m 220 341.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 220 362.35 m 258 362.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 220 341.35 m 258 341.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 362.35 m 296 362.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 341.35 m 296 341.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 320.35 m 138 320.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 138 320.35 m 179 320.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 179 320.35 m 220 320.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 220 320.35 m 258 320.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 320.35 m 296 320.35 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 408.58 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 141.10 416.58 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 163.15 408.58 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 225.00 416.58 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 242.15 408.58 Td (June 30,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 387.30 Td ($ in billions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 149.10 387.58 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 190.10 387.58 Td (2018) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 229.60 387.58 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 267.60 387.58 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 374.58 Td (Completed mergers ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 366.58 Td (and acquisitions) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 114.37 370.39 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 140.50 366.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 162.45 366.58 Td (150) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 181.50 366.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 203.45 366.58 Td (334) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 222.50 366.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 241.45 366.58 Td (344) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 260.50 366.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 279.45 366.58 Td (504) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 353.58 Td (Equity and equity-) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 345.58 Td (related of) Tj ET Q q 0 0 0 rg BT 90.21 345.58 Td (ferings) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 114.22 349.39 Td (2, 3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 166.90 345.63 Td (15) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 207.85 345.58 Td (16) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 245.85 345.58 Td (29) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 283.90 345.63 Td (37) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 332.58 Td (Fixed income ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 324.58 Td (of) Tj ET Q q 0 0 0 rg BT 63.53 324.58 Td (ferings) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 87.54 328.39 Td (2, 4) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 166.90 324.63 Td (57) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 207.85 324.58 Td (67) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 241.45 324.58 Td (1) Tj ET Q q 0 0 0 rg BT 245.90 324.58 Td (15) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 279.45 324.58 Td (125) Tj ET Q BT /F1 10.00 Tf ET BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 303.85 Td (Source: ) Tj ET Q q 0 0 0 rg BT 77.65 303.85 Td (Refinitiv ) Tj ET Q q 0 0 0 rg BT 106.63 303.85 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 138.37 303.85 Td (Thomson ) Tj ET Q q 0 0 0 rg BT 171.93 303.85 Td (Reuters ) Tj ET Q q 0 0 0 rg BT 200.50 303.85 Td (Financial & ) Tj ET Q q 0 0 0 rg BT 239.90 303.85 Td (Risk\), ) Tj ET Q q 0 0 0 rg BT 261.37 303.85 Td (data ) Tj ET Q q 0 0 0 rg BT 278.27 303.85 Td (as ) Tj ET Q q 0 0 0 rg BT 288.50 303.85 Td (of ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 294.85 Td (July ) Tj ET Q q 0 0 0 rg BT 64.72 294.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 72.86 294.85 Td (2019. ) Tj ET Q q 0 0 0 rg BT 93.39 294.85 Td (T) Tj ET Q q 0 0 0 rg BT 97.69 294.85 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 134.18 294.85 Td (volumes ) Tj ET Q q 0 0 0 rg BT 163.99 294.85 Td (may ) Tj ET Q q 0 0 0 rg BT 180.04 294.85 Td (not ) Tj ET Q q 0 0 0 rg BT 192.35 294.85 Td (be ) Tj ET Q q 0 0 0 rg BT 202.57 294.85 Td (indicative ) Tj ET Q q 0 0 0 rg BT 235.73 294.85 Td (of ) Tj ET Q q 0 0 0 rg BT 243.86 294.85 Td (net ) Tj ET Q q 0 0 0 rg BT 256.17 294.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 288.91 294.85 Td (in ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 285.85 Td (a ) Tj ET Q q 0 0 0 rg BT 55.88 285.85 Td (given ) Tj ET Q q 0 0 0 rg BT 76.02 285.85 Td (period. ) Tj ET Q q 0 0 0 rg BT 101.16 285.85 Td (In ) Tj ET Q q 0 0 0 rg BT 109.62 285.85 Td (addition, ) Tj ET Q q 0 0 0 rg BT 140.19 285.85 Td (transaction ) Tj ET Q q 0 0 0 rg BT 179.09 285.85 Td (volumes ) Tj ET Q q 0 0 0 rg BT 209.22 285.85 Td (for ) Tj ET Q q 0 0 0 rg BT 220.18 285.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 237.40 285.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 264.20 285.85 Td (may ) Tj ET Q q 0 0 0 rg BT 280.58 285.85 Td (vary ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 276.85 Td (from ) Tj ET Q q 0 0 0 rg BT 65.58 276.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 95.42 276.85 Td (previously ) Tj ET Q q 0 0 0 rg BT 130.26 276.85 Td (reported ) Tj ET Q q 0 0 0 rg BT 159.27 276.85 Td (due ) Tj ET Q q 0 0 0 rg BT 172.86 276.85 Td (to ) Tj ET Q q 0 0 0 rg BT 180.19 276.85 Td (the ) Tj ET Q q 0 0 0 rg BT 191.70 276.85 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 231.56 276.85 Td (withdrawal, ) Tj ET Q q 0 0 0 rg BT 270.15 276.85 Td (change ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 267.85 Td (in ) Tj ET Q q 0 0 0 rg BT 57.42 267.85 Td (value, ) Tj ET Q q 0 0 0 rg BT 79.52 267.85 Td (or ) Tj ET Q q 0 0 0 rg BT 88.27 267.85 Td (change ) Tj ET Q q 0 0 0 rg BT 114.96 267.85 Td (in ) Tj ET Q q 0 0 0 rg BT 122.89 267.85 Td (timing ) Tj ET Q q 0 0 0 rg BT 144.98 267.85 Td (of ) Tj ET Q q 0 0 0 rg BT 153.32 267.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 177.91 267.85 Td (transactions.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 249.25 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 249.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 87.86 249.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 129.73 249.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.41 249.25 Td ($100 million ) Tj ET Q q 0 0 0 rg BT 178.86 249.25 Td (or ) Tj ET Q q 0 0 0 rg BT 186.96 249.25 Td (more. ) Tj ET Q q 0 0 0 rg BT 207.56 249.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 230.25 249.25 Td (on ) Tj ET Q q 0 0 0 rg BT 240.02 249.25 Td (full ) Tj ET Q q 0 0 0 rg BT 251.04 249.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 270.80 249.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.49 249.25 Td (each ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 240.25 Td (of ) Tj ET Q q 0 0 0 rg BT 66.84 240.25 Td (the ) Tj ET Q q 0 0 0 rg BT 79.35 240.25 Td (advisors ) Tj ET Q q 0 0 0 rg BT 109.36 240.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.28 240.25 Td (a ) Tj ET Q q 0 0 0 rg BT 123.54 240.25 Td (transaction.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 231.25 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 231.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 82.19 231.25 Td (on ) Tj ET Q q 0 0 0 rg BT 92.95 231.25 Td (full ) Tj ET Q q 0 0 0 rg BT 104.95 231.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 125.71 231.25 Td (for ) Tj ET Q q 0 0 0 rg BT 136.89 231.25 Td (single ) Tj ET Q q 0 0 0 rg BT 158.90 231.25 Td (book ) Tj ET Q q 0 0 0 rg BT 177.59 231.25 Td (managers ) Tj ET Q q 0 0 0 rg BT 213.36 231.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.29 231.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 249.06 231.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 269.82 231.25 Td (for ) Tj ET Q q 0 0 0 rg BT 280.99 231.25 Td (joint ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 222.25 Td (book ) Tj ET Q q 0 0 0 rg BT 76.85 222.25 Td (managers.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 213.25 Td (3. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 213.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 87.92 213.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 104.82 213.25 Td (144A) Tj ET Q q 0 0 0 rg BT 121.93 213.25 Td ( ) Tj ET Q q 0 0 0 rg BT 123.41 213.25 Td (issuances ) Tj ET Q q 0 0 0 rg BT 158.24 213.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.23 213.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 207.07 213.25 Td (public ) Tj ET Q q 0 0 0 rg BT 228.14 213.25 Td (of) Tj ET Q q 0 0 0 rg BT 234.26 213.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 258.26 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.99 213.25 Td (common ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 204.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 80.17 204.25 Td (convertible ) Tj ET Q q 0 0 0 rg BT 118.53 204.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 152.29 204.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.89 204.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 187.31 204.25 Td (of) Tj ET Q q 0 0 0 rg BT 193.43 204.25 Td (ferings.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 195.25 Td (4. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 195.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 89.03 195.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 107.06 195.25 Td (144A) Tj ET Q q 0 0 0 rg BT 124.16 195.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.76 195.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.87 195.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 169.48 195.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 205.43 195.25 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 243.46 195.25 Td (non-convertible ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 186.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 93.01 186.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 116.68 186.25 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 179.12 186.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.71 186.25 Td (asset-backed ) Tj ET Q q 0 0 0 rg BT 244.40 186.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 282.24 186.25 Td (and ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 177.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 83.97 177.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 116.94 177.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 134.90 177.25 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 166.62 177.25 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 200.84 177.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 220.06 177.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.85 177.25 Td (self-led ) Tj ET Q q 0 0 0 rg BT 259.32 177.25 Td (issuances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 722.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 368.69 722.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 403.41 722.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 441.45 722.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.28 722.10 Td ($1,472 ) Tj ET Q q 0 0 0 rg BT 482.29 722.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.18 722.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.68 722.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.96 722.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 722.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 710.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 351.80 710.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.98 710.10 Td ($2,623 ) Tj ET Q q 0 0 0 rg BT 397.22 710.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.11 710.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.84 710.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.36 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.31 710.10 Td (current ) Tj ET Q q 0 0 0 rg BT 481.37 710.10 Td (year ) Tj ET Q q 0 0 0 rg BT 500.31 710.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.60 710.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 698.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.08 698.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.35 698.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.06 698.10 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.39 698.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.66 698.10 Td (from ) Tj ET Q q 0 0 0 rg BT 405.37 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.86 698.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 470.77 698.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 493.48 698.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 528.69 698.10 Td (reflecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 686.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 346.05 686.10 Td (results ) Tj ET Q q 0 0 0 rg BT 373.69 686.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.99 686.10 Td (both ) Tj ET Q q 0 0 0 rg BT 402.30 686.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.16 686.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 470.35 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.32 686.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 522.28 686.10 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.75 674.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 662.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 662.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 370.57 662.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.71 662.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.12 662.10 Td ( ) Tj ET Q q 0 0 0 rg BT 450.72 662.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.10 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.92 662.10 Td (current ) Tj ET Q q 0 0 0 rg BT 506.83 662.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 537.75 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 554.79 662.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 650.10 Td (current ) Tj ET Q q 0 0 0 rg BT 361.90 650.10 Td (year ) Tj ET Q q 0 0 0 rg BT 381.94 650.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 412.82 650.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 452.87 650.10 Td (as ) Tj ET Q q 0 0 0 rg BT 464.03 650.10 Td (a ) Tj ET Q q 0 0 0 rg BT 471.30 650.10 Td (result ) Tj ET Q q 0 0 0 rg BT 496.35 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.51 650.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 533.12 650.10 Td (volumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.53 638.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 385.63 638.10 Td (M&A) Tj ET Q q 0 0 0 rg BT 408.97 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.42 638.10 Td (activity) Tj ET Q q 0 0 0 rg BT 440.76 638.10 Td (, ) Tj ET Q q 0 0 0 rg BT 445.72 638.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 481.49 638.10 Td (of) Tj ET Q q 0 0 0 rg BT 489.64 638.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 506.53 638.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.98 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.65 638.10 Td (ef) Tj ET Q q 0 0 0 rg BT 541.23 638.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 558.67 638.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 626.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 358.80 626.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 373.50 626.10 Td (realizations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 602.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 602.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 359.77 602.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 413.78 602.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 451.67 602.10 Td (were ) Tj ET Q q 0 0 0 rg BT 473.45 602.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 513.56 602.10 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 559.23 602.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.94 590.10 Td (current ) Tj ET Q q 0 0 0 rg BT 381.22 590.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 409.14 590.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.61 590.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 459.89 590.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 490.41 590.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 530.92 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 543.67 590.10 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 578.10 Td (public ) Tj ET Q q 0 0 0 rg BT 357.20 578.10 Td (of) Tj ET Q q 0 0 0 rg BT 365.34 578.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 394.56 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.45 578.10 Td (follow-on ) Tj ET Q q 0 0 0 rg BT 451.34 578.10 Td (of) Tj ET Q q 0 0 0 rg BT 459.49 578.10 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 491.21 578.10 Td (of) Tj ET Q q 0 0 0 rg BT 499.36 578.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 515.25 578.10 Td (by ) Tj ET Q q 0 0 0 rg BT 526.70 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 532.59 578.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 566.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.20 566.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 388.85 566.10 Td (issuances. ) Tj ET Q q 0 0 0 rg BT 431.78 566.10 Td (In ) Tj ET Q q 0 0 0 rg BT 442.78 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.67 566.10 Td (current ) Tj ET Q q 0 0 0 rg BT 488.65 566.10 Td (year ) Tj ET Q q 0 0 0 rg BT 508.53 566.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 539.24 566.10 Td (overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 554.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 367.07 554.10 Td (were ) Tj ET Q q 0 0 0 rg BT 388.93 554.10 Td (lower) Tj ET Q q 0 0 0 rg BT 411.29 554.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.23 554.10 Td (with ) Tj ET Q q 0 0 0 rg BT 436.43 554.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 474.40 554.10 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 519.59 554.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 559.23 554.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 542.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 356.79 542.10 Td (public ) Tj ET Q q 0 0 0 rg BT 384.50 542.10 Td (of) Tj ET Q q 0 0 0 rg BT 392.65 542.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 423.14 542.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.85 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.01 542.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 490.70 542.10 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 533.68 542.10 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 530.10 Td (of) Tj ET Q q 0 0 0 rg BT 338.90 530.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 355.84 530.10 Td (by ) Tj ET Q q 0 0 0 rg BT 368.34 530.10 Td (an ) Tj ET Q q 0 0 0 rg BT 380.28 530.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 415.53 530.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.81 530.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 468.85 530.10 Td (block ) Tj ET Q q 0 0 0 rg BT 493.56 530.10 Td (share ) Tj ET Q q 0 0 0 rg BT 517.16 530.10 Td (trades.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 506.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 506.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 356.34 506.10 Td (income ) Tj ET Q q 0 0 0 rg BT 388.58 506.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 443.04 506.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.39 506.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.80 506.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.61 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.20 506.10 Td (both ) Tj ET Q q 0 0 0 rg BT 554.79 506.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 494.10 Td (current ) Tj ET Q q 0 0 0 rg BT 361.87 494.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 392.99 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.23 494.10 Td (current ) Tj ET Q q 0 0 0 rg BT 441.35 494.10 Td (year ) Tj ET Q q 0 0 0 rg BT 461.36 494.10 Td (period ) Tj ET Q q 0 0 0 rg BT 489.71 494.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.84 494.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.08 494.10 Td (result ) Tj ET Q q 0 0 0 rg BT 533.10 494.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.23 494.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 482.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 350.47 482.10 Td (volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 460.10 Td (See ) Tj ET Q q 0 0 0 rg BT 338.69 460.10 Td (“Investment ) Tj ET Q q 0 0 0 rg BT 390.06 460.10 Td (Banking ) Tj ET Q q 0 0 0 rg BT 426.27 460.10 Td (V) Tj ET Q q 0 0 0 rg BT 432.20 460.10 Td (olumes” ) Tj ET Q q 0 0 0 rg BT 468.02 460.10 Td (herein.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.75 450.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 438.50 Td (Sales and T) Tj ET Q q 0 0 0 rg BT 369.72 438.50 Td (rading Net Revenues) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 321.75 418.30 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 437.25 386.8 m 480.25 386.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 386.8 m 523.25 386.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 374.8 m 437.25 374.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 386.8 m 480.25 386.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 374.8 m 480.25 374.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 386.8 m 523.25 386.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 374.8 m 523.25 374.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 374.8 m 567.25 374.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 362.8 m 437.25 362.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 362.8 m 480.25 362.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 362.8 m 523.25 362.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 362.8 m 567.25 362.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 350.8 m 437.25 350.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 338.8 m 437.25 338.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 350.8 m 480.25 350.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 338.8 m 480.25 338.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 350.8 m 523.25 350.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 338.8 m 523.25 338.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 350.8 m 567.25 350.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 338.8 m 567.25 338.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 326.8 m 437.25 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 326.8 m 480.25 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 326.8 m 523.25 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 326.8 m 567.25 326.8 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 314.8 m 437.25 314.8 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 314.8 m 480.25 314.8 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 314.8 m 523.25 314.8 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 314.8 m 567.25 314.8 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 442.35 399.03 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 464.40 391.03 Td (June 30,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 324.75 378.75 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 449.35 378.48 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 492.35 378.48 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 526.05 378.48 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 366.48 Td (T) Tj ET Q q 0 0 0 rg BT 329.49 366.48 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 439.75 366.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 457.00 366.48 Td (2,558) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 482.75 366.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 500.00 366.53 Td (3,128) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 545.35 366.48 Td (\(18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.95 366.48 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 354.48 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 463.70 354.48 Td (625) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 506.70 354.48 Td (674) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 549.80 354.53 Td (\(7) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.95 354.48 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 342.48 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 463.70 342.48 Td (103) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 506.70 342.48 Td (102) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 552.50 342.48 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 559.60 342.48 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 330.48 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 468.15 330.48 Td (18) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 504.00 330.53 Td (\(146) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 520.05 330.48 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 543.60 330.48 Td (1) Tj ET Q q 0 0 0 rg BT 548.05 330.48 Td (12) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 559.60 330.48 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 318.48 Td (T) Tj ET Q q 0 0 0 rg BT 329.04 318.48 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 439.75 318.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 457.00 318.48 Td (3,304) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 482.75 318.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 500.00 318.53 Td (3,758) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 545.35 318.48 Td (\(12) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.95 318.48 Td (\)%) 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 437.25 273.79999999999995 m 480.25 273.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 273.79999999999995 m 523.25 273.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 261.79999999999995 m 437.25 261.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 273.79999999999995 m 480.25 273.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 261.79999999999995 m 480.25 261.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 273.79999999999995 m 523.25 273.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 261.79999999999995 m 523.25 261.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 261.79999999999995 m 567.25 261.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 261.79999999999995 m 437.25 261.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 261.79999999999995 m 480.25 261.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 261.79999999999995 m 523.25 261.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 261.79999999999995 m 567.25 261.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 248.79999999999995 m 437.25 248.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 248.79999999999995 m 480.25 248.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 248.79999999999995 m 523.25 248.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 248.79999999999995 m 567.25 248.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 236.79999999999995 m 437.25 236.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 224.79999999999995 m 437.25 224.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 236.79999999999995 m 480.25 236.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 224.79999999999995 m 480.25 224.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 236.79999999999995 m 523.25 236.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 224.79999999999995 m 523.25 224.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 236.79999999999995 m 567.25 236.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 224.79999999999995 m 567.25 224.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 211.79999999999995 m 437.25 211.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 211.79999999999995 m 480.25 211.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 224.79999999999995 m 523.25 224.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 211.79999999999995 m 523.25 211.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 211.79999999999995 m 567.25 211.79999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 198.79999999999995 m 437.25 198.79999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 437.25 198.79999999999995 m 480.25 198.79999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 480.25 198.79999999999995 m 523.25 198.79999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 523.25 198.79999999999995 m 567.25 198.79999999999995 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 447.25 286.03 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 464.40 278.03 Td (June 30,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 324.75 265.75 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 449.35 265.48 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 492.35 265.48 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 526.05 265.48 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 253.03 Td (T) Tj ET Q q 0 0 0 rg BT 329.49 253.03 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 439.75 253.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 457.00 253.03 Td (5,688) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 482.75 253.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 500.00 253.08 Td (6,771) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 545.35 253.03 Td (\(16) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.95 253.03 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 240.48 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 457.00 240.48 Td (1,246) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 500.00 240.53 Td (1,418) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 545.35 240.48 Td (\(12) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.95 240.48 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 228.48 Td (Asset Management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 463.70 228.48 Td (210) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 506.70 228.48 Td (212) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 549.80 228.53 Td (\(1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.95 228.48 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 216.03 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 465.45 216.03 Td (\(98) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 477.05 216.03 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 504.00 216.08 Td (\(241) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 520.05 216.03 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 548.05 216.08 Td (59) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 559.60 216.03 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 203.48 Td (T) Tj ET Q q 0 0 0 rg BT 329.04 203.48 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 439.75 203.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 457.00 203.03 Td (7,046) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 482.75 203.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 500.00 203.08 Td (8,160) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 545.35 203.03 Td (\(14) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 556.95 203.03 Td (\)%) Tj ET Q BT /F7 8.50 Tf ET /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I35 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 722.85 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 165 691.35 m 208 691.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 691.35 m 251 691.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 679.35 m 165 679.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 691.35 m 208 691.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 679.35 m 208 679.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 691.35 m 251 691.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 679.35 m 251 679.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 679.35 m 295 679.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 679.35 m 295 679.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 667.35 m 165 667.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 655.35 m 165 655.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 667.35 m 208 667.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 655.35 m 208 655.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 667.35 m 251 667.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 655.35 m 251 655.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 667.35 m 295 667.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 655.35 m 295 655.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 643.35 m 165 643.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 643.35 m 208 643.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 643.35 m 251 643.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 643.35 m 295 643.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 631.35 m 165 631.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 165 631.35 m 208 631.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 208 631.35 m 251 631.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 251 631.35 m 295 631.35 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 170.10 703.58 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 192.15 695.58 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 694.03 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.50 694.03 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 683.30 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 177.10 683.03 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 220.10 683.03 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.80 683.03 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 671.03 Td (Equity) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 167.50 671.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 184.75 671.03 Td (2,130) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 210.50 671.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 671.08 Td (2,470) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 671.03 Td (\(14) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 671.03 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 659.03 Td (Fixed income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 184.75 659.03 Td (1,133) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 659.08 Td (1,389) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 659.03 Td (\(18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 659.03 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 647.03 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.90 647.03 Td (41) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 231.75 647.08 Td (\(101) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 247.80 647.03 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.35 647.03 Td (141) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 647.03 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 635.03 Td (T) Tj ET Q q 0 0 0 rg BT 56.79 635.03 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 167.50 635.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 184.75 635.03 Td (3,304) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 210.50 635.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 635.08 Td (3,758) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 635.03 Td (\(12) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 635.03 Td (\)%) 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 165 600.35 m 208 600.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 600.35 m 251 600.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 588.35 m 165 588.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 600.35 m 208 600.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 588.35 m 208 588.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 600.35 m 251 600.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 588.35 m 251 588.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 588.35 m 295 588.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 588.35 m 165 588.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 588.35 m 208 588.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 588.35 m 251 588.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 588.35 m 295 588.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 576.35 m 165 576.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 564.35 m 165 564.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 576.35 m 208 576.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 564.35 m 208 564.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 576.35 m 251 576.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 564.35 m 251 564.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 576.35 m 295 576.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 564.35 m 295 564.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 552.35 m 165 552.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165 552.35 m 208 552.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208 552.35 m 251 552.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 552.35 m 295 552.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 540.35 m 165 540.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 165 540.35 m 208 540.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 208 540.35 m 251 540.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 251 540.35 m 295 540.35 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 175.00 612.58 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 192.15 604.58 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 603.03 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.50 603.03 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 592.30 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 177.10 592.03 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 220.10 592.03 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.80 592.03 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 580.03 Td (Equity) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 167.50 580.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 184.75 580.03 Td (4,145) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 210.50 580.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 580.08 Td (5,028) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 580.03 Td (\(18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 580.03 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 568.03 Td (Fixed income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 184.75 568.03 Td (2,843) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 568.08 Td (3,262) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 568.03 Td (\(13) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 568.03 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 556.03 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.90 556.03 Td (58) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 231.75 556.08 Td (\(130) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 247.80 556.03 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.35 556.03 Td (145) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 556.03 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 544.03 Td (T) Tj ET Q q 0 0 0 rg BT 56.79 544.03 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 167.50 544.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 184.75 544.03 Td (7,046) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 210.50 544.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 544.08 Td (8,160) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 544.03 Td (\(14) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 544.03 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 520.65 Td (Sales and T) Tj ET Q q 0 0 0 rg BT 96.27 520.65 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 143 489.15 m 181 489.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181 489.15 m 219 489.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 489.15 m 257 489.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 489.15 m 295 489.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 465.15 m 143 465.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 143 465.15 m 181 465.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181 465.15 m 219 465.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 465.15 m 257 465.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 465.15 m 295 465.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 453.15 m 143 453.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 143 453.15 m 181 453.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181 453.15 m 219 453.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 453.15 m 257 453.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 453.15 m 295 453.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 441.15 m 143 441.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 429.15 m 143 429.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 143 441.15 m 181 441.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 143 429.15 m 181 429.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181 441.15 m 219 441.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 181 429.15 m 219 429.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 441.15 m 257 441.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 219 429.15 m 257 429.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 441.15 m 295 441.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 257 429.15 m 295 429.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 417.15 m 143 417.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 143 417.15 m 181 417.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 181 417.15 m 219 417.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 219 417.15 m 257 417.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 257 429.15 m 295 429.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 257 417.15 m 295 417.15 l s BT /F7 8.00 Tf ET q 0 0 0 rg BT 178.90 501.38 Td (Three Months Ended) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 192.45 493.38 Td (June 30, 2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 480.83 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 145.50 480.83 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 183.50 480.83 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 231.25 480.83 Td (Net) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 259.50 480.83 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 469.10 Td ($ in millions) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 148.05 468.83 Td (T) Tj ET Q q 0 0 0 rg BT 152.79 468.83 Td (rading) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 189.15 468.83 Td (Fees) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 206.94 472.64 Td (1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 222.70 468.83 Td (Interest) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 249.38 472.64 Td (2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 267.05 468.83 Td (T) Tj ET Q q 0 0 0 rg BT 271.05 468.83 Td (otal) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 456.83 Td (Financing) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 145.50 456.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 157.75 456.83 Td (1,085) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 183.50 456.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.85 456.83 Td (94) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 221.50 456.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 237.75 456.88 Td (\(152) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 253.80 456.83 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 259.50 456.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.75 456.88 Td (1,027) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 444.83 Td (Execution services) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 164.45 444.83 Td (600) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 202.45 444.83 Td (554) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 242.20 444.83 Td (\(51) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 253.80 444.83 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.75 444.88 Td (1,103) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 432.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.09 432.83 Td (otal Equity) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 145.50 432.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 157.75 432.83 Td (1,685) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 183.50 432.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 202.45 432.83 Td (648) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 221.50 432.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 237.75 432.88 Td (\(203) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 253.80 432.83 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 259.50 432.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.75 432.88 Td (2,130) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 420.83 Td (T) Tj ET Q q 0 0 0 rg BT 56.79 420.83 Td (otal Fixed income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 145.50 420.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 157.75 420.83 Td (1,144) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 183.50 420.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.85 420.83 Td (81) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 221.50 420.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 242.20 420.83 Td (\(92) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 253.80 420.83 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 259.50 420.83 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.75 420.88 Td (1,133) 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 143 386.15 m 181 386.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181 386.15 m 219 386.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 386.15 m 257 386.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 386.15 m 295 386.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 362.15 m 143 362.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 143 362.15 m 181 362.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181 362.15 m 219 362.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 362.15 m 257 362.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 362.15 m 295 362.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 362.15 m 295 362.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 350.15 m 143 350.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 338.15 m 143 338.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 143 350.15 m 181 350.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 143 338.15 m 181 338.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181 350.15 m 219 350.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181 338.15 m 219 338.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 350.15 m 257 350.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 338.15 m 257 338.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 350.15 m 295 350.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 338.15 m 295 338.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 338.15 m 143 338.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 326.15 m 143 326.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 143 338.15 m 181 338.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 143 326.15 m 181 326.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 181 338.15 m 219 338.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 181 326.15 m 219 326.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 338.15 m 257 338.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 219 326.15 m 257 326.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 338.15 m 295 338.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 257 326.15 m 295 326.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 314.15 m 143 314.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 143 314.15 m 181 314.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 181 314.15 m 219 314.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 219 314.15 m 257 314.15 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 257 314.15 m 295 314.15 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 181.10 398.38 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 193.10 390.38 Td (June 30, 2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 377.83 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 145.50 377.83 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 183.50 377.83 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 231.25 377.83 Td (Net) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 259.50 377.83 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 366.10 Td ($ in millions) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 148.05 365.83 Td (T) Tj ET Q q 0 0 0 rg BT 152.79 365.83 Td (rading) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 189.15 365.83 Td (Fees) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 206.94 369.64 Td (1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 222.70 365.83 Td (Interest) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 249.38 369.64 Td (2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 267.05 365.83 Td (T) Tj ET Q q 0 0 0 rg BT 271.05 365.83 Td (otal) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 353.83 Td (Financing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 145.50 353.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 157.75 353.83 Td (1,373) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 183.50 353.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 206.85 353.83 Td (89) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 221.50 353.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 237.75 353.88 Td (\(192) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.80 353.83 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 259.50 353.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 271.75 353.88 Td (1,270) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 341.83 Td (Execution services) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 164.45 341.83 Td (661) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 202.45 341.83 Td (605) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 242.20 341.83 Td (\(66) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.80 341.83 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 271.75 341.88 Td (1,200) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 329.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.09 329.83 Td (otal Equity) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 145.50 329.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 157.75 329.83 Td (2,034) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 183.50 329.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 202.45 329.83 Td (694) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 221.50 329.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 237.75 329.88 Td (\(258) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.80 329.83 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 259.50 329.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 271.75 329.88 Td (2,470) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 317.83 Td (T) Tj ET Q q 0 0 0 rg BT 56.79 317.83 Td (otal Fixed income) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 145.50 317.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 157.75 317.83 Td (1,299) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 183.50 317.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 206.85 317.83 Td (83) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 221.50 317.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 249.35 317.83 Td (7) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 259.50 317.83 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 271.75 317.88 Td (1,389) 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 415.25 707.5 m 453.25 707.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 707.5 m 491.25 707.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 707.5 m 529.25 707.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 707.5 m 567.25 707.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 683.5 m 415.25 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 683.5 m 453.25 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 683.5 m 491.25 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 683.5 m 529.25 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 683.5 m 567.25 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 683.5 m 415.25 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 683.5 m 453.25 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 683.5 m 491.25 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 683.5 m 529.25 683.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 683.5 m 567.25 683.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 671.5 m 415.25 671.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 659.5 m 415.25 659.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 671.5 m 453.25 671.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 659.5 m 453.25 659.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 671.5 m 491.25 671.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 659.5 m 491.25 659.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 671.5 m 529.25 671.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 659.5 m 529.25 659.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 671.5 m 567.25 671.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 659.5 m 567.25 659.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 659.5 m 415.25 659.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 647.5 m 415.25 647.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 659.5 m 453.25 659.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 647.5 m 453.25 647.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 659.5 m 491.25 659.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 647.5 m 491.25 647.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 659.5 m 529.25 659.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 647.5 m 529.25 647.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 659.5 m 567.25 659.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 647.5 m 567.25 647.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 635.5 m 415.25 635.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 647.5 m 453.25 647.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 635.5 m 453.25 635.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 647.5 m 491.25 647.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 635.5 m 491.25 635.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 647.5 m 529.25 647.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 635.5 m 529.25 635.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 635.5 m 567.25 635.5 l s BT /F7 8.00 Tf ET q 0 0 0 rg BT 456.05 719.73 Td (Six Months Ended) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 464.70 711.73 Td (June 30, 2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 699.18 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 417.75 699.18 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 455.75 699.18 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 503.50 699.18 Td (Net) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 531.75 699.18 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 324.75 687.45 Td ($ in millions) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 420.30 687.18 Td (T) Tj ET Q q 0 0 0 rg BT 425.04 687.18 Td (rading) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 461.40 687.18 Td (Fees) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 479.19 690.99 Td (1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 494.95 687.18 Td (Interest) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 521.63 690.99 Td (2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 539.30 687.18 Td (T) Tj ET Q q 0 0 0 rg BT 543.30 687.18 Td (otal) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 675.18 Td (Financing) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 417.75 675.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 430.00 675.18 Td (2,200) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 455.75 675.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 474.70 675.18 Td (192) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 493.75 675.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 510.00 675.23 Td (\(410) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 526.05 675.18 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 531.75 675.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.00 675.23 Td (1,982) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 663.18 Td (Execution services) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 430.00 663.18 Td (1,151) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 468.00 663.23 Td (1,107) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 514.45 663.18 Td (\(95) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 526.05 663.18 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.00 663.23 Td (2,163) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 651.18 Td (T) Tj ET Q q 0 0 0 rg BT 329.34 651.18 Td (otal Equity) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 417.75 651.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 430.00 651.18 Td (3,351) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 455.75 651.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 468.00 651.23 Td (1,299) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 493.75 651.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 510.00 651.23 Td (\(505) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 526.05 651.18 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 531.75 651.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.00 651.23 Td (4,145) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 639.18 Td (T) Tj ET Q q 0 0 0 rg BT 329.04 639.18 Td (otal Fixed income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 417.75 639.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 430.00 639.18 Td (2,871) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 455.75 639.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 474.70 639.18 Td (159) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 493.75 639.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 510.00 639.23 Td (\(187) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 526.05 639.18 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 531.75 639.18 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 544.00 639.23 Td (2,843) 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 415.25 604.5 m 453.25 604.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 604.5 m 491.25 604.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 604.5 m 529.25 604.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 604.5 m 567.25 604.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 580.5 m 415.25 580.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 580.5 m 453.25 580.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 580.5 m 491.25 580.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 580.5 m 529.25 580.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 580.5 m 567.25 580.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 580.5 m 415.25 580.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 580.5 m 453.25 580.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 580.5 m 491.25 580.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 580.5 m 529.25 580.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 580.5 m 567.25 580.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 568.5 m 415.25 568.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 556.5 m 415.25 556.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 568.5 m 453.25 568.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 556.5 m 453.25 556.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 568.5 m 491.25 568.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 556.5 m 491.25 556.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 568.5 m 529.25 568.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 556.5 m 529.25 556.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 568.5 m 567.25 568.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 556.5 m 567.25 556.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 556.5 m 415.25 556.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 544.5 m 415.25 544.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 556.5 m 453.25 556.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 544.5 m 453.25 544.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 556.5 m 491.25 556.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 544.5 m 491.25 544.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 556.5 m 529.25 556.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 544.5 m 529.25 544.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 556.5 m 567.25 556.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 544.5 m 567.25 544.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 532.5 m 415.25 532.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 544.5 m 453.25 544.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 415.25 532.5 m 453.25 532.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 544.5 m 491.25 544.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 453.25 532.5 m 491.25 532.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 544.5 m 529.25 544.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 491.25 532.5 m 529.25 532.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 544.5 m 567.25 544.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 529.25 532.5 m 567.25 532.5 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 458.25 616.73 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 465.35 608.73 Td (June 30, 2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 596.18 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 417.75 596.18 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 455.75 596.18 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 503.50 596.18 Td (Net) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 531.75 596.18 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 324.75 584.45 Td ($ in millions) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 420.30 584.18 Td (T) Tj ET Q q 0 0 0 rg BT 425.04 584.18 Td (rading) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 461.40 584.18 Td (Fees) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 479.19 587.99 Td (1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 494.95 584.18 Td (Interest) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 521.63 587.99 Td (2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 539.30 584.18 Td (T) Tj ET Q q 0 0 0 rg BT 543.30 584.18 Td (otal) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 572.18 Td (Financing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 417.75 572.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 430.00 572.18 Td (2,607) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 455.75 572.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 474.70 572.18 Td (196) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 493.75 572.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 510.00 572.23 Td (\(338) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 526.05 572.18 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 531.75 572.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.00 572.23 Td (2,465) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 560.18 Td (Execution services) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 430.00 560.18 Td (1,452) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 468.00 560.23 Td (1,269) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 510.00 560.23 Td (\(158) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 526.05 560.18 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.00 560.23 Td (2,563) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 548.18 Td (T) Tj ET Q q 0 0 0 rg BT 329.34 548.18 Td (otal Equity) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 417.75 548.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 430.00 548.18 Td (4,059) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 455.75 548.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 468.00 548.23 Td (1,465) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 493.75 548.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 510.00 548.23 Td (\(496) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 526.05 548.18 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 531.75 548.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.00 548.23 Td (5,028) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 536.18 Td (T) Tj ET Q q 0 0 0 rg BT 329.04 536.18 Td (otal Fixed income) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 417.75 536.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 430.00 536.18 Td (3,014) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 455.75 536.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 474.70 536.18 Td (166) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 493.75 536.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 517.10 536.18 Td (82) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 531.75 536.18 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.00 536.23 Td (3,262) Tj ET Q BT /F1 10.00 Tf ET BT /F6 7.50 Tf ET q 0 0 0 rg BT 321.75 515.00 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 515.00 Td (Includes ) Tj ET Q q 0 0 0 rg BT 360.77 515.00 Td (Commissions ) Tj ET Q q 0 0 0 rg BT 407.86 515.00 Td (and ) Tj ET Q q 0 0 0 rg BT 422.46 515.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 438.72 515.00 Td (and ) Tj ET Q q 0 0 0 rg BT 452.91 515.00 Td (Asset ) Tj ET Q q 0 0 0 rg BT 473.75 515.00 Td (management ) Tj ET Q q 0 0 0 rg BT 519.61 515.00 Td (revenues.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 321.75 506.00 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 506.00 Td (Includes ) Tj ET Q q 0 0 0 rg BT 360.80 506.00 Td (funding ) Tj ET Q q 0 0 0 rg BT 387.51 506.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 409.21 506.00 Td (which ) Tj ET Q q 0 0 0 rg BT 430.50 506.00 Td (are ) Tj ET Q q 0 0 0 rg BT 443.45 506.00 Td (allocated ) Tj ET Q q 0 0 0 rg BT 475.58 506.00 Td (to ) Tj ET Q q 0 0 0 rg BT 483.94 506.00 Td (the ) Tj ET Q q 0 0 0 rg BT 496.48 506.00 Td (businesses ) Tj ET Q q 0 0 0 rg BT 536.11 506.00 Td (based ) Tj ET Q q 0 0 0 rg BT 558.66 506.00 Td (on ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 497.00 Td (funding ) Tj ET Q q 0 0 0 rg BT 357.44 497.00 Td (usage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 475.00 Td (As ) Tj ET Q q 0 0 0 rg BT 336.26 475.00 Td (discussed ) Tj ET Q q 0 0 0 rg BT 378.00 475.00 Td (in ) Tj ET Q q 0 0 0 rg BT 389.17 475.00 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.61 475.00 Td (Management’) Tj ET Q q 0 0 0 rg BT 448.59 475.00 Td (s ) Tj ET Q q 0 0 0 rg BT 455.89 475.00 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 503.18 475.00 Td (and ) Tj ET Q q 0 0 0 rg BT 520.27 475.00 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 558.67 475.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 463.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 364.24 463.00 Td (Condition ) Tj ET Q q 0 0 0 rg BT 409.52 463.00 Td (and ) Tj ET Q q 0 0 0 rg BT 429.23 463.00 Td (Results ) Tj ET Q q 0 0 0 rg BT 463.96 463.00 Td (of ) Tj ET Q q 0 0 0 rg BT 477.56 463.00 Td (Operations—Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 451.00 Td (Segments—Net ) Tj ET Q q 0 0 0 rg BT 387.40 451.00 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 428.61 451.00 Td (by ) Tj ET Q q 0 0 0 rg BT 440.94 451.00 Td (Segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.93 451.00 Td (” ) Tj ET Q q 0 0 0 rg BT 482.70 451.00 Td (in ) Tj ET Q q 0 0 0 rg BT 492.80 451.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.35 451.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 529.68 451.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 553.68 451.00 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 439.00 Td (K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.97 439.00 Td (, ) Tj ET Q q 0 0 0 rg BT 334.14 439.00 Td (we ) Tj ET Q q 0 0 0 rg BT 348.48 439.00 Td (manage ) Tj ET Q q 0 0 0 rg BT 382.24 439.00 Td (each ) Tj ET Q q 0 0 0 rg BT 403.23 439.00 Td (of ) Tj ET Q q 0 0 0 rg BT 414.23 439.00 Td (the ) Tj ET Q q 0 0 0 rg BT 429.12 439.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 451.23 439.00 Td (and ) Tj ET Q q 0 0 0 rg BT 468.34 439.00 Td (trading ) Tj ET Q q 0 0 0 rg BT 499.34 439.00 Td (businesses ) Tj ET Q q 0 0 0 rg BT 544.24 439.00 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 427.00 Td (on ) Tj ET Q q 0 0 0 rg BT 339.09 427.00 Td (its ) Tj ET Q q 0 0 0 rg BT 355.88 427.00 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 402.08 427.00 Td (net ) Tj ET Q q 0 0 0 rg BT 421.64 427.00 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 466.49 427.00 Td (W) Tj ET Q q 0 0 0 rg BT 475.13 427.00 Td (e ) Tj ET Q q 0 0 0 rg BT 486.91 427.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 524.79 427.00 Td (qualitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 415.00 Td (commentary ) Tj ET Q q 0 0 0 rg BT 373.87 415.00 Td (in ) Tj ET Q q 0 0 0 rg BT 383.79 415.00 Td (the ) Tj ET Q q 0 0 0 rg BT 398.15 415.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 441.96 415.00 Td (of ) Tj ET Q q 0 0 0 rg BT 452.43 415.00 Td (results ) Tj ET Q q 0 0 0 rg BT 480.68 415.00 Td (that ) Tj ET Q q 0 0 0 rg BT 497.82 415.00 Td (follow ) Tj ET Q q 0 0 0 rg BT 526.07 415.00 Td (on ) Tj ET Q q 0 0 0 rg BT 538.21 415.00 Td (the ) Tj ET Q q 0 0 0 rg BT 552.57 415.00 Td (key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 403.00 Td (drivers ) Tj ET Q q 0 0 0 rg BT 353.55 403.00 Td (of ) Tj ET Q q 0 0 0 rg BT 365.92 403.00 Td (period ) Tj ET Q q 0 0 0 rg BT 395.50 403.00 Td (over ) Tj ET Q q 0 0 0 rg BT 417.30 403.00 Td (period ) Tj ET Q q 0 0 0 rg BT 446.89 403.00 Td (variances, ) Tj ET Q q 0 0 0 rg BT 491.18 403.00 Td (as ) Tj ET Q q 0 0 0 rg BT 503.54 403.00 Td (the ) Tj ET Q q 0 0 0 rg BT 519.79 403.00 Td (quantitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 391.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 352.82 391.00 Td (of ) Tj ET Q q 0 0 0 rg BT 365.01 391.00 Td (the ) Tj ET Q q 0 0 0 rg BT 381.09 391.00 Td (various ) Tj ET Q q 0 0 0 rg BT 414.39 391.00 Td (market ) Tj ET Q q 0 0 0 rg BT 446.01 391.00 Td (dynamics ) Tj ET Q q 0 0 0 rg BT 488.20 391.00 Td (typically ) Tj ET Q q 0 0 0 rg BT 527.05 391.00 Td (cannot ) Tj ET Q q 0 0 0 rg BT 557.56 391.00 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 379.00 Td (disaggregated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 357.00 Td (For ) Tj ET Q q 0 0 0 rg BT 338.42 357.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 381.20 357.00 Td (information ) Tj ET Q q 0 0 0 rg BT 431.19 357.00 Td (on ) Tj ET Q q 0 0 0 rg BT 443.97 357.00 Td (total ) Tj ET Q q 0 0 0 rg BT 464.33 357.00 Td (T) Tj ET Q q 0 0 0 rg BT 470.08 357.00 Td (rading ) Tj ET Q q 0 0 0 rg BT 498.41 357.00 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 539.23 357.00 Td (see ) Tj ET Q q 0 0 0 rg BT 554.78 357.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 345.00 Td (table ) Tj ET Q q 0 0 0 rg BT 344.06 345.00 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.50 345.00 Td (T) Tj ET Q q 0 0 0 rg BT 354.26 345.00 Td (rading ) Tj ET Q q 0 0 0 rg BT 382.69 345.00 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 424.44 345.00 Td (by ) Tj ET Q q 0 0 0 rg BT 437.32 345.00 Td (Product ) Tj ET Q q 0 0 0 rg BT 471.10 345.00 Td (T) Tj ET Q q 0 0 0 rg BT 476.51 345.00 Td (ype) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.95 345.00 Td (” ) Tj ET Q q 0 0 0 rg BT 498.27 345.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.93 345.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 531.25 345.00 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.25 345.00 Td ( ) Tj ET Q q 0 0 0 rg BT 544.13 345.00 Td (to ) Tj ET Q q 0 0 0 rg BT 554.78 345.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 333.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 359.23 333.00 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 311.00 Td (Sales ) Tj ET Q q 0 0 0 rg BT 345.30 311.00 Td (and ) Tj ET Q q 0 0 0 rg BT 362.74 311.00 Td (T) Tj ET Q q 0 0 0 rg BT 368.48 311.00 Td (rading ) Tj ET Q q 0 0 0 rg BT 397.59 311.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 413.90 311.00 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 455.22 311.00 Td (during ) Tj ET Q q 0 0 0 rg BT 484.89 311.00 Td (the ) Tj ET Q q 0 0 0 rg BT 499.55 311.00 Td (Current ) Tj ET Q q 0 0 0 rg BT 534.22 311.00 Td (Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 289.00 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 267.00 Td (Equity ) Tj ET Q q 0 0 0 rg BT 350.59 267.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 372.20 267.00 Td (and ) Tj ET Q q 0 0 0 rg BT 388.81 267.00 Td (trading ) Tj ET Q q 0 0 0 rg BT 419.31 267.00 Td (net ) Tj ET Q q 0 0 0 rg BT 433.71 267.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 471.42 267.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.92 267.00 Td ($2,130 ) Tj ET Q q 0 0 0 rg BT 511.60 267.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.49 267.00 Td ( ) Tj ET Q q 0 0 0 rg BT 542.66 267.00 Td ( ) Tj ET Q q 0 0 0 rg BT 544.84 267.00 Td (in ) Tj ET Q q 0 0 0 rg BT 554.79 267.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 255.00 Td (current ) Tj ET Q q 0 0 0 rg BT 354.09 255.00 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.42 255.00 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.83 255.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.85 255.00 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.19 255.00 Td ( ) Tj ET Q q 0 0 0 rg BT 452.21 255.00 Td (from ) Tj ET Q q 0 0 0 rg BT 475.66 255.00 Td (the ) Tj ET Q q 0 0 0 rg BT 491.90 255.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 515.36 255.00 Td (year ) Tj ET Q q 0 0 0 rg BT 536.59 255.00 Td (quarter) Tj ET Q q 0 0 0 rg BT 564.50 255.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 243.00 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 363.57 243.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 389.86 243.00 Td (results ) Tj ET Q q 0 0 0 rg BT 419.48 243.00 Td (in ) Tj ET Q q 0 0 0 rg BT 430.77 243.00 Td (both ) Tj ET Q q 0 0 0 rg BT 452.06 243.00 Td (our ) Tj ET Q q 0 0 0 rg BT 468.90 243.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 510.18 243.00 Td (and ) Tj ET Q q 0 0 0 rg BT 528.13 243.00 Td (execution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 231.00 Td (services ) Tj ET Q q 0 0 0 rg BT 356.46 231.00 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 219.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 207.00 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 207.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 373.73 207.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 416.14 207.00 Td (from ) Tj ET Q q 0 0 0 rg BT 438.56 207.00 Td (the ) Tj ET Q q 0 0 0 rg BT 453.77 207.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 476.19 207.00 Td (year ) Tj ET Q q 0 0 0 rg BT 496.39 207.00 Td (quarter) Tj ET Q q 0 0 0 rg BT 524.30 207.00 Td (, ) Tj ET Q q 0 0 0 rg BT 529.79 207.00 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 195.00 Td (due ) Tj ET Q q 0 0 0 rg BT 349.53 195.00 Td (to ) Tj ET Q q 0 0 0 rg BT 361.64 195.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 388.75 195.00 Td (average ) Tj ET Q q 0 0 0 rg BT 424.17 195.00 Td (client ) Tj ET Q q 0 0 0 rg BT 450.72 195.00 Td (balances ) Tj ET Q q 0 0 0 rg BT 489.48 195.00 Td (and ) Tj ET Q q 0 0 0 rg BT 508.26 195.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 535.36 195.00 Td (realized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 183.00 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 365.74 183.00 Td (as ) Tj ET Q q 0 0 0 rg BT 376.57 183.00 Td (reflected ) Tj ET Q q 0 0 0 rg BT 414.04 183.00 Td (in ) Tj ET Q q 0 0 0 rg BT 424.32 183.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 449.41 183.00 Td (T) Tj ET Q q 0 0 0 rg BT 455.16 183.00 Td (rading ) Tj ET Q q 0 0 0 rg BT 483.21 183.00 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 159.00 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 159.00 Td (Execution ) Tj ET Q q 0 0 0 rg BT 374.92 159.00 Td (services ) Tj ET Q q 0 0 0 rg BT 410.75 159.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 453.79 159.00 Td (from ) Tj ET Q q 0 0 0 rg BT 476.85 159.00 Td (the ) Tj ET Q q 0 0 0 rg BT 492.69 159.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 515.75 159.00 Td (year ) Tj ET Q q 0 0 0 rg BT 536.59 159.00 Td (quarter) Tj ET Q q 0 0 0 rg BT 564.50 159.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 147.00 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 370.43 147.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 394.48 147.00 Td (T) Tj ET Q q 0 0 0 rg BT 400.23 147.00 Td (rading ) Tj ET Q q 0 0 0 rg BT 427.15 147.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 464.06 147.00 Td (as ) Tj ET Q q 0 0 0 rg BT 473.77 147.00 Td (a ) Tj ET Q q 0 0 0 rg BT 479.58 147.00 Td (result ) Tj ET Q q 0 0 0 rg BT 503.17 147.00 Td (of ) Tj ET Q q 0 0 0 rg BT 512.87 147.00 Td (less ) Tj ET Q q 0 0 0 rg BT 529.25 147.00 Td (favorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 135.00 Td (inventory ) Tj ET Q q 0 0 0 rg BT 371.17 135.00 Td (management ) Tj ET Q q 0 0 0 rg BT 424.35 135.00 Td (in ) Tj ET Q q 0 0 0 rg BT 434.22 135.00 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 480.18 135.00 Td (products. ) Tj ET Q q 0 0 0 rg BT 519.21 135.00 Td ( ) Tj ET Q q 0 0 0 rg BT 521.31 135.00 Td (In ) Tj ET Q q 0 0 0 rg BT 531.73 135.00 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 123.00 Td (Commission ) Tj ET Q q 0 0 0 rg BT 383.63 123.00 Td (and ) Tj ET Q q 0 0 0 rg BT 400.39 123.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 418.81 123.00 Td (decreased ) Tj ET Q q 0 0 0 rg BT 460.54 123.00 Td (due ) Tj ET Q q 0 0 0 rg BT 477.30 123.00 Td (to ) Tj ET Q q 0 0 0 rg BT 487.39 123.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 512.48 123.00 Td (client ) Tj ET Q q 0 0 0 rg BT 537.01 123.00 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 111.00 Td (in ) Tj ET Q q 0 0 0 rg BT 341.03 111.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 361.30 111.00 Td (equities ) Tj ET Q q 0 0 0 rg BT 394.90 111.00 Td (products.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I36 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 722.25 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 75.89 722.25 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 75.86 700.25 Td (income ) Tj ET Q q 0 0 0 rg BT 108.88 700.25 Td (net ) Tj ET Q q 0 0 0 rg BT 124.68 700.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 163.80 700.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.72 700.25 Td ($1,133 ) Tj ET Q q 0 0 0 rg BT 206.80 700.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.69 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.28 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.64 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.44 700.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.09 688.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.79 688.25 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.12 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.39 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.66 688.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 149.70 688.25 Td (than ) Tj ET Q q 0 0 0 rg BT 169.18 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.67 688.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 205.38 688.25 Td (year ) Tj ET Q q 0 0 0 rg BT 224.86 688.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 252.77 688.25 Td (, ) Tj ET Q q 0 0 0 rg BT 257.54 688.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 81.82 676.25 Td (by ) Tj ET Q q 0 0 0 rg BT 98.59 676.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 128.14 676.25 Td (results ) Tj ET Q q 0 0 0 rg BT 161.02 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.57 676.25 Td (global ) Tj ET Q q 0 0 0 rg BT 207.34 676.25 Td (macro ) Tj ET Q q 0 0 0 rg BT 239.10 676.25 Td (products ) Tj ET Q q 0 0 0 rg BT 280.31 676.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.25 Td (commodities ) Tj ET Q q 0 0 0 rg BT 105.53 664.25 Td (products ) Tj ET Q q 0 0 0 rg BT 144.34 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.16 664.25 Td (other) Tj ET Q q 0 0 0 rg BT 183.30 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 190.18 664.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 227.87 664.25 Td (of) Tj ET Q q 0 0 0 rg BT 236.02 664.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 254.83 664.25 Td (by ) Tj ET Q q 0 0 0 rg BT 269.20 664.25 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.11 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 88.39 652.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 113.65 652.25 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 640.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 628.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 94.51 628.25 Td (macro ) Tj ET Q q 0 0 0 rg BT 128.30 628.25 Td (products ) Tj ET Q q 0 0 0 rg BT 170.90 628.25 Td (T) Tj ET Q q 0 0 0 rg BT 176.66 628.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 211.00 628.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 255.33 628.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 616.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 99.79 616.25 Td (due ) Tj ET Q q 0 0 0 rg BT 118.30 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.16 616.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 172.56 616.25 Td (management ) Tj ET Q q 0 0 0 rg BT 227.73 616.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 255.69 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 267.55 616.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 604.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 83.39 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.84 604.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 138.73 604.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 182.50 604.25 Td (products ) Tj ET Q q 0 0 0 rg BT 222.95 604.25 Td (as ) Tj ET Q q 0 0 0 rg BT 237.29 604.25 Td (a ) Tj ET Q q 0 0 0 rg BT 247.74 604.25 Td (result ) Tj ET Q q 0 0 0 rg BT 275.97 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.31 604.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 592.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 106.85 592.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 141.87 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.79 592.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 191.36 592.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 216.38 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.96 592.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 265.87 592.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 580.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 98.87 580.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 137.59 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 147.98 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.81 580.25 Td (current ) Tj ET Q q 0 0 0 rg BT 193.73 580.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 221.65 580.25 Td (, ) Tj ET Q q 0 0 0 rg BT 226.76 580.25 Td (along ) Tj ET Q q 0 0 0 rg BT 251.59 580.25 Td (with ) Tj ET Q q 0 0 0 rg BT 271.98 580.25 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 568.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 84.33 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.16 568.25 Td (client ) Tj ET Q q 0 0 0 rg BT 119.87 568.25 Td (activity) Tj ET Q q 0 0 0 rg BT 149.21 568.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 544.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 88.09 544.25 Td (products ) Tj ET Q q 0 0 0 rg BT 126.79 544.25 Td (T) Tj ET Q q 0 0 0 rg BT 132.55 544.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 162.69 544.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 202.82 544.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 245.17 544.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 286.97 544.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 532.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 99.54 532.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 125.59 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.31 532.25 Td (securitized ) Tj ET Q q 0 0 0 rg BT 189.91 532.25 Td (products ) Tj ET Q q 0 0 0 rg BT 227.64 532.25 Td (due ) Tj ET Q q 0 0 0 rg BT 245.36 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.42 532.25 Td (improved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 520.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 100.07 520.25 Td (management ) Tj ET Q q 0 0 0 rg BT 154.41 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.09 520.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 200.89 520.25 Td (client ) Tj ET Q q 0 0 0 rg BT 226.35 520.25 Td (activity) Tj ET Q q 0 0 0 rg BT 255.69 520.25 Td (, ) Tj ET Q q 0 0 0 rg BT 261.43 520.25 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 508.25 Td (of) Tj ET Q q 0 0 0 rg BT 66.65 508.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 86.14 508.25 Td (by ) Tj ET Q q 0 0 0 rg BT 101.19 508.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 129.00 508.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 148.49 508.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 182.97 508.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 223.56 508.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 254.15 508.25 Td (by ) Tj ET Q q 0 0 0 rg BT 269.20 508.25 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 496.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 91.82 496.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 114.04 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.69 496.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 155.67 496.25 Td (net ) Tj ET Q q 0 0 0 rg BT 170.10 496.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 202.30 496.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.29 496.25 Td (securitized ) Tj ET Q q 0 0 0 rg BT 257.82 496.25 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 472.25 Td (Commodities ) Tj ET Q q 0 0 0 rg BT 121.29 472.25 Td (products ) Tj ET Q q 0 0 0 rg BT 164.64 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.98 472.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 219.01 472.25 Td (T) Tj ET Q q 0 0 0 rg BT 224.76 472.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 259.21 472.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 460.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 108.18 460.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 155.66 460.25 Td (due ) Tj ET Q q 0 0 0 rg BT 180.36 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.41 460.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 256.42 460.25 Td (inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 448.25 Td (management ) Tj ET Q q 0 0 0 rg BT 113.29 448.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.78 448.25 Td (power ) Tj ET Q q 0 0 0 rg BT 153.48 448.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.62 448.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 188.66 448.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 229.30 448.25 Td (In ) Tj ET Q q 0 0 0 rg BT 241.34 448.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 280.32 448.25 Td (Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 436.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 90.19 436.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 127.98 436.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 169.65 436.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 209.12 436.25 Td (due ) Tj ET Q q 0 0 0 rg BT 225.81 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.84 436.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 263.64 436.25 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 424.25 Td (costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 402.25 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 390.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 378.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 82.85 378.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 103.88 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.90 378.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 149.81 378.25 Td (net ) Tj ET Q q 0 0 0 rg BT 163.61 378.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 186.30 378.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.22 378.25 Td ($41 ) Tj ET Q q 0 0 0 rg BT 212.80 378.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.69 378.25 Td ( ) Tj ET Q q 0 0 0 rg BT 243.28 378.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.64 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.44 378.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 366.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.11 366.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.87 366.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.17 366.25 Td (from ) Tj ET Q q 0 0 0 rg BT 147.90 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.42 366.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 182.16 366.25 Td (year ) Tj ET Q q 0 0 0 rg BT 200.66 366.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 228.58 366.25 Td (, ) Tj ET Q q 0 0 0 rg BT 232.38 366.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 271.99 366.25 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 354.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 83.69 354.25 Td (due ) Tj ET Q q 0 0 0 rg BT 103.31 354.25 Td (to ) Tj ET Q q 0 0 0 rg BT 116.27 354.25 Td (a ) Tj ET Q q 0 0 0 rg BT 125.90 354.25 Td (shift ) Tj ET Q q 0 0 0 rg BT 148.86 354.25 Td (in ) Tj ET Q q 0 0 0 rg BT 161.83 354.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 198.12 354.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 218.86 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.49 354.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 274.20 354.25 Td (sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 342.25 Td (composition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 74.89 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 94.17 320.25 Td (T) Tj ET Q q 0 0 0 rg BT 99.91 320.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 130.85 320.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 149.01 320.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 192.17 320.25 Td (during ) Tj ET Q q 0 0 0 rg BT 223.68 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.18 320.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 276.42 320.25 Td (Y) Tj ET Q q 0 0 0 rg BT 281.42 320.25 Td (ear ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (Period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 78.16 264.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 99.59 264.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.02 264.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 146.34 264.25 Td (net ) Tj ET Q q 0 0 0 rg BT 160.55 264.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.08 264.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.41 264.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.40 264.25 Td ($4,145 ) Tj ET Q q 0 0 0 rg BT 239.89 264.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.79 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.78 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 272.77 264.25 Td (in ) Tj ET Q q 0 0 0 rg BT 282.54 264.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.25 Td (current ) Tj ET Q q 0 0 0 rg BT 80.05 252.25 Td (year ) Tj ET Q q 0 0 0 rg BT 99.49 252.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.27 252.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.68 252.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.92 252.25 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.25 252.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.48 252.25 Td (from ) Tj ET Q q 0 0 0 rg BT 211.15 252.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.60 252.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 247.27 252.25 Td (year ) Tj ET Q q 0 0 0 rg BT 266.71 252.25 Td (period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 91.32 240.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 117.61 240.25 Td (results ) Tj ET Q q 0 0 0 rg BT 147.23 240.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.52 240.25 Td (both ) Tj ET Q q 0 0 0 rg BT 179.81 240.25 Td (our ) Tj ET Q q 0 0 0 rg BT 196.65 240.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 237.93 240.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.88 240.25 Td (execution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.25 Td (services ) Tj ET Q q 0 0 0 rg BT 84.21 228.25 Td (businesses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 216.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 204.25 Td (Financing ) Tj ET Q q 0 0 0 rg BT 101.82 204.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 144.56 204.25 Td (from ) Tj ET Q q 0 0 0 rg BT 167.33 204.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.87 204.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 205.64 204.25 Td (year ) Tj ET Q q 0 0 0 rg BT 226.17 204.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 257.54 204.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 192.25 Td (due ) Tj ET Q q 0 0 0 rg BT 77.28 192.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.39 192.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 116.50 192.25 Td (average ) Tj ET Q q 0 0 0 rg BT 151.92 192.25 Td (client ) Tj ET Q q 0 0 0 rg BT 178.47 192.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 217.23 192.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.01 192.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 263.11 192.25 Td (realized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 180.25 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 101.21 180.25 Td (as ) Tj ET Q q 0 0 0 rg BT 119.76 180.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 164.95 180.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.94 180.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 215.19 180.25 Td (T) Tj ET Q q 0 0 0 rg BT 220.95 180.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 256.71 180.25 Td (revenues. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 168.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 108.40 168.25 Td (, ) Tj ET Q q 0 0 0 rg BT 113.37 168.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 130.27 168.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 162.17 168.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 200.17 168.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 242.05 168.25 Td (due ) Tj ET Q q 0 0 0 rg BT 258.96 168.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.20 168.25 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 156.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 93.73 156.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 117.85 156.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 167.51 156.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.41 156.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 209.08 156.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 232.08 156.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.64 156.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 286.97 156.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 144.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 92.11 144.25 Td (mix.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 120.25 Td (Execution ) Tj ET Q q 0 0 0 rg BT 103.00 120.25 Td (services ) Tj ET Q q 0 0 0 rg BT 139.17 120.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 182.55 120.25 Td (from ) Tj ET Q q 0 0 0 rg BT 205.95 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.13 120.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 245.53 120.25 Td (year ) Tj ET Q q 0 0 0 rg BT 266.70 120.25 Td (period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 108.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 98.18 108.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 122.23 108.25 Td (T) Tj ET Q q 0 0 0 rg BT 127.98 108.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 154.90 108.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 191.81 108.25 Td (as ) Tj ET Q q 0 0 0 rg BT 201.52 108.25 Td (a ) Tj ET Q q 0 0 0 rg BT 207.33 108.25 Td (result ) Tj ET Q q 0 0 0 rg BT 230.92 108.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.62 108.25 Td (less ) Tj ET Q q 0 0 0 rg BT 257.00 108.25 Td (favorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 96.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 105.10 96.25 Td (management ) Tj ET Q q 0 0 0 rg BT 164.46 96.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.18 96.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 218.22 96.25 Td (client ) Tj ET Q q 0 0 0 rg BT 248.71 96.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 286.97 96.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 84.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 107.49 84.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 149.55 84.25 Td (In ) Tj ET Q q 0 0 0 rg BT 163.01 84.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 203.40 84.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 259.09 84.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.65 84.25 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 72.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 100.41 72.25 Td (due ) Tj ET Q q 0 0 0 rg BT 117.35 72.25 Td (to ) Tj ET Q q 0 0 0 rg BT 127.63 72.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 152.90 72.25 Td (client ) Tj ET Q q 0 0 0 rg BT 177.61 72.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 210.10 72.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.38 72.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 240.65 72.25 Td (equities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 722.25 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 348.14 722.25 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 700.25 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 346.03 700.25 Td (income ) Tj ET Q q 0 0 0 rg BT 376.97 700.25 Td (net ) Tj ET Q q 0 0 0 rg BT 390.69 700.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 427.74 700.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.57 700.25 Td ($2,843 ) Tj ET Q q 0 0 0 rg BT 466.58 700.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.47 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 496.98 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 506.26 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.98 700.25 Td (current ) Tj ET Q q 0 0 0 rg BT 549.80 700.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 688.25 Td (period ) Tj ET Q q 0 0 0 rg BT 350.08 688.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.29 688.25 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.63 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 393.41 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 396.19 688.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 421.75 688.25 Td (than ) Tj ET Q q 0 0 0 rg BT 441.75 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.75 688.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 478.97 688.25 Td (year ) Tj ET Q q 0 0 0 rg BT 498.97 688.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 529.80 688.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 676.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 354.07 676.25 Td (by ) Tj ET Q q 0 0 0 rg BT 370.84 676.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 400.39 676.25 Td (results ) Tj ET Q q 0 0 0 rg BT 433.27 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 447.82 676.25 Td (global ) Tj ET Q q 0 0 0 rg BT 479.59 676.25 Td (macro ) Tj ET Q q 0 0 0 rg BT 511.35 676.25 Td (products ) Tj ET Q q 0 0 0 rg BT 552.56 676.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 664.25 Td (commodities ) Tj ET Q q 0 0 0 rg BT 377.78 664.25 Td (products ) Tj ET Q q 0 0 0 rg BT 416.59 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.41 664.25 Td (other) Tj ET Q q 0 0 0 rg BT 455.55 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 462.43 664.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 500.12 664.25 Td (of) Tj ET Q q 0 0 0 rg BT 508.27 664.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 527.08 664.25 Td (by ) Tj ET Q q 0 0 0 rg BT 541.45 664.25 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 652.25 Td (results ) Tj ET Q q 0 0 0 rg BT 350.36 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 360.64 652.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 385.90 652.25 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.75 640.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 628.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 628.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 366.76 628.25 Td (macro ) Tj ET Q q 0 0 0 rg BT 400.55 628.25 Td (products ) Tj ET Q q 0 0 0 rg BT 443.15 628.25 Td (T) Tj ET Q q 0 0 0 rg BT 448.91 628.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 483.25 628.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 527.58 628.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 616.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 369.82 616.25 Td (due ) Tj ET Q q 0 0 0 rg BT 386.11 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.75 616.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 445.36 616.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 485.54 616.25 Td (management ) Tj ET Q q 0 0 0 rg BT 538.49 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.12 616.25 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.69 604.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 379.07 604.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 419.32 604.25 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 580.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 580.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 357.59 580.25 Td (products ) Tj ET Q q 0 0 0 rg BT 393.74 580.25 Td (T) Tj ET Q q 0 0 0 rg BT 399.50 580.25 Td (rading ) Tj ET Q q 0 0 0 rg BT 426.90 580.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 464.28 580.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 503.88 580.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 542.94 580.25 Td (due ) Tj ET Q q 0 0 0 rg BT 559.23 580.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 568.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 371.80 568.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 412.84 568.25 Td (management ) Tj ET Q q 0 0 0 rg BT 466.65 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.81 568.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 512.08 568.25 Td (client ) Tj ET Q q 0 0 0 rg BT 537.01 568.25 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.02 556.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 383.26 556.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 409.51 556.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 449.94 556.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 486.74 556.25 Td (of) Tj ET Q q 0 0 0 rg BT 494.89 556.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 512.82 556.25 Td (by ) Tj ET Q q 0 0 0 rg BT 526.31 556.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 552.56 556.25 Td (Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 544.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 362.92 544.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 401.19 544.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 429.47 544.25 Td (by ) Tj ET Q q 0 0 0 rg BT 442.21 544.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 470.49 544.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 504.33 544.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 527.06 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.24 544.25 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 532.25 Td (net ) Tj ET Q q 0 0 0 rg BT 345.47 532.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 377.96 532.25 Td (in ) Tj ET Q q 0 0 0 rg BT 388.24 532.25 Td (securitized ) Tj ET Q q 0 0 0 rg BT 434.05 532.25 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 508.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 508.25 Td (Commodities ) Tj ET Q q 0 0 0 rg BT 389.86 508.25 Td (products ) Tj ET Q q 0 0 0 rg BT 429.51 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.17 508.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 477.16 508.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 496.81 508.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 531.46 508.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 496.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 374.05 496.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 415.16 496.25 Td (due ) Tj ET Q q 0 0 0 rg BT 433.48 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.15 496.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 474.59 496.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 509.59 496.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 535.70 496.25 Td (T) Tj ET Q q 0 0 0 rg BT 541.45 496.25 Td (rading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 484.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 372.11 484.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 415.69 484.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 458.73 484.25 Td (due ) Tj ET Q q 0 0 0 rg BT 478.99 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.59 484.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 519.53 484.25 Td (from ) Tj ET Q q 0 0 0 rg BT 544.79 484.25 Td (client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 472.25 Td (structuring ) Tj ET Q q 0 0 0 rg BT 378.12 472.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 412.15 472.25 Td (within ) Tj ET Q q 0 0 0 rg BT 441.75 472.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 489.66 472.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 544.24 472.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 460.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 348.13 460.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 404.09 460.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 439.79 460.25 Td (of) Tj ET Q q 0 0 0 rg BT 447.94 460.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 464.75 460.25 Td (by ) Tj ET Q q 0 0 0 rg BT 477.12 460.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 502.27 460.25 Td (client ) Tj ET Q q 0 0 0 rg BT 526.86 460.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 559.22 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 569.50 460.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 448.25 Td (structured ) Tj ET Q q 0 0 0 rg BT 373.24 448.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 423.50 448.25 Td (within ) Tj ET Q q 0 0 0 rg BT 451.56 448.25 Td (commodities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 426.25 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.75 414.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 402.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 402.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 355.10 402.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 376.13 402.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.15 402.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 422.06 402.25 Td (net ) Tj ET Q q 0 0 0 rg BT 435.86 402.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 458.55 402.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.47 402.25 Td ($58 ) Tj ET Q q 0 0 0 rg BT 485.05 402.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.94 402.25 Td ( ) Tj ET Q q 0 0 0 rg BT 515.53 402.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.89 402.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 402.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 390.25 Td (year ) Tj ET Q q 0 0 0 rg BT 350.73 390.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.05 390.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 419.58 390.25 Td (from ) Tj ET Q q 0 0 0 rg BT 441.79 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.78 390.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 478.99 390.25 Td (year ) Tj ET Q q 0 0 0 rg BT 498.97 390.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 529.79 390.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 378.25 Td (due ) Tj ET Q q 0 0 0 rg BT 347.73 378.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.06 378.25 Td (an ) Tj ET Q q 0 0 0 rg BT 370.04 378.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 405.34 378.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.66 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.43 378.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 446.85 378.25 Td (value ) Tj ET Q q 0 0 0 rg BT 471.05 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.93 378.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 532.24 378.25 Td (to ) Tj ET Q q 0 0 0 rg BT 542.57 378.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 366.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 363.00 366.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 401.35 366.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 461.93 366.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 488.08 366.25 Td (are ) Tj ET Q q 0 0 0 rg BT 505.33 366.25 Td (referenced ) Tj ET Q q 0 0 0 rg BT 552.56 366.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 354.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 356.16 354.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 378.81 354.25 Td (due ) Tj ET Q q 0 0 0 rg BT 395.89 354.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.31 354.25 Td (a ) Tj ET Q q 0 0 0 rg BT 413.39 354.25 Td (shift ) Tj ET Q q 0 0 0 rg BT 433.82 354.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.24 354.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 477.99 354.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 496.19 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.27 354.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 546.45 354.25 Td (sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 342.25 Td (composition, ) Tj ET Q q 0 0 0 rg BT 387.15 342.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 424.93 342.25 Td (of) Tj ET Q q 0 0 0 rg BT 433.08 342.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 451.97 342.25 Td (by ) Tj ET Q q 0 0 0 rg BT 466.43 342.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 496.43 342.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 524.78 342.25 Td (on ) Tj ET Q q 0 0 0 rg BT 539.23 342.25 Td (hedges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 330.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 374.34 330.25 Td (with ) Tj ET Q q 0 0 0 rg BT 394.62 330.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 434.88 330.25 Td (loans.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 306.25 Td (Investments, Other Revenues, Non-interest Expenses, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 294.25 Td (Income T) Tj ET Q q 0 0 0 rg BT 360.55 294.25 Td (ax Items) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 272.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.75 260.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 248.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 248.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 347.74 248.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 394.18 248.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 417.84 248.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.72 248.25 Td ($194 ) Tj ET Q q 0 0 0 rg BT 451.27 248.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.16 248.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.72 248.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.05 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.82 248.25 Td (current ) Tj ET Q q 0 0 0 rg BT 538.69 248.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 569.50 248.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 236.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.93 236.25 Td ($275 ) Tj ET Q q 0 0 0 rg BT 370.67 236.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.56 236.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.30 236.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.82 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.78 236.25 Td (current ) Tj ET Q q 0 0 0 rg BT 458.83 236.25 Td (year ) Tj ET Q q 0 0 0 rg BT 478.78 236.25 Td (period ) Tj ET Q q 0 0 0 rg BT 507.07 236.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 547.56 236.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 224.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 353.33 224.25 Td (year ) Tj ET Q q 0 0 0 rg BT 373.68 224.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 408.76 224.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 455.22 224.25 Td (as ) Tj ET Q q 0 0 0 rg BT 466.69 224.25 Td (a ) Tj ET Q q 0 0 0 rg BT 474.28 224.25 Td (result ) Tj ET Q q 0 0 0 rg BT 499.63 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.11 224.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 545.89 224.25 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 212.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 375.21 212.25 Td (with ) Tj ET Q q 0 0 0 rg BT 396.36 212.25 Td (an ) Tj ET Q q 0 0 0 rg BT 409.17 212.25 Td (investment's ) Tj ET Q q 0 0 0 rg BT 462.11 212.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 488.81 212.25 Td (public ) Tj ET Q q 0 0 0 rg BT 517.17 212.25 Td (of) Tj ET Q q 0 0 0 rg BT 525.32 212.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 552.56 212.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 200.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 379.78 200.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 447.12 200.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 472.82 200.25 Td (on ) Tj ET Q q 0 0 0 rg BT 487.42 200.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 532.55 200.25 Td (holdings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 188.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 361.58 188.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.85 188.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 393.79 188.25 Td (restrictions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 166.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 348.14 166.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.75 154.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 142.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 142.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 359.03 142.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 400.08 142.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.92 142.25 Td ($143 ) Tj ET Q q 0 0 0 rg BT 439.43 142.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.33 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 473.84 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.13 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.86 142.25 Td (current ) Tj ET Q q 0 0 0 rg BT 538.69 142.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 130.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 373.39 130.25 Td (from ) Tj ET Q q 0 0 0 rg BT 396.06 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.51 130.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 434.17 130.25 Td (year ) Tj ET Q q 0 0 0 rg BT 454.61 130.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 482.52 130.25 Td (, ) Tj ET Q q 0 0 0 rg BT 488.25 130.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 528.69 130.25 Td (reflecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.54 118.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 381.08 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.98 118.25 Td (a ) Tj ET Q q 0 0 0 rg BT 396.99 118.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 440.78 118.25 Td (char) Tj ET Q q 0 0 0 rg BT 457.80 118.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 473.81 118.25 Td (of) Tj ET Q q 0 0 0 rg BT 481.96 118.25 Td (f ) Tj ET Q q 0 0 0 rg BT 486.86 118.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 505.65 118.25 Td (in ) Tj ET Q q 0 0 0 rg BT 515.00 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.78 118.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 549.79 118.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 106.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 365.21 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.79 106.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 414.70 106.25 Td (results ) Tj ET Q q 0 0 0 rg BT 446.95 106.25 Td (from ) Tj ET Q q 0 0 0 rg BT 472.52 106.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 505.87 106.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 537.00 106.25 Td (method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 94.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 382.31 94.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 416.92 94.25 Td (of) Tj ET Q q 0 0 0 rg BT 425.06 94.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 440.79 94.25 Td (by ) Tj ET Q q 0 0 0 rg BT 452.07 94.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 516.11 94.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 538.50 94.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 94.25 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 82.25 Td (for ) Tj ET Q q 0 0 0 rg BT 344.37 82.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 361.89 82.25 Td (loans. ) Tj ET Q q 0 0 0 rg BT 387.46 82.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 412.19 82.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 449.69 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.99 82.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.95 82.25 Td ($365 ) Tj ET Q q 0 0 0 rg BT 483.92 82.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.81 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 514.77 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.51 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.70 82.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 70.25 Td (year ) Tj ET Q q 0 0 0 rg BT 350.73 70.25 Td (period ) Tj ET Q q 0 0 0 rg BT 379.05 70.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 419.58 70.25 Td (from ) Tj ET Q q 0 0 0 rg BT 441.79 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.78 70.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 478.99 70.25 Td (year ) Tj ET Q q 0 0 0 rg BT 498.97 70.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 529.79 70.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 58.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 374.21 58.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 442.11 58.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 468.37 58.25 Td (on ) Tj ET Q q 0 0 0 rg BT 483.52 58.25 Td (held ) Tj ET Q q 0 0 0 rg BT 505.88 58.25 Td (for ) Tj ET Q q 0 0 0 rg BT 522.69 58.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 543.39 58.25 Td (loans, ) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I37 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 722.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 94.30 722.10 Td (of) Tj ET Q q 0 0 0 rg BT 102.45 722.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 119.37 722.10 Td (by ) Tj ET Q q 0 0 0 rg BT 131.85 722.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 157.09 722.10 Td (results ) Tj ET Q q 0 0 0 rg BT 185.68 722.10 Td (from ) Tj ET Q q 0 0 0 rg BT 207.60 722.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 237.28 722.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 264.76 722.10 Td (method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 710.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 109.89 710.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.94 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.77 710.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 182.36 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.31 710.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.36 710.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 248.19 710.10 Td (char) Tj ET Q q 0 0 0 rg BT 265.22 710.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 283.27 710.10 Td (of) Tj ET Q q 0 0 0 rg BT 291.42 710.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 698.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 78.22 698.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.50 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.21 698.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 125.15 698.10 Td (year ) Tj ET Q q 0 0 0 rg BT 144.86 698.10 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 676.10 Td (Non-interest ) Tj ET Q q 0 0 0 rg BT 103.67 676.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.10 Td (Non-interest ) Tj ET Q q 0 0 0 rg BT 101.71 654.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 140.04 654.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.60 654.10 Td ($3,650 ) Tj ET Q q 0 0 0 rg BT 180.33 654.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.22 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.45 654.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.45 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.90 654.10 Td (current ) Tj ET Q q 0 0 0 rg BT 266.44 654.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 297.26 654.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.91 642.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.21 642.10 Td (from ) Tj ET Q q 0 0 0 rg BT 110.94 642.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.45 642.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 145.18 642.10 Td (year ) Tj ET Q q 0 0 0 rg BT 163.68 642.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 191.59 642.10 Td (, ) Tj ET Q q 0 0 0 rg BT 195.39 642.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 234.99 642.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.72 642.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.05 642.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.35 642.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.76 642.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.85 630.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 120.19 630.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.19 630.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 171.42 630.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 210.08 630.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.09 630.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.09 630.10 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.42 630.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.99 630.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.40 630.10 Td ( ) Tj ET Q q 0 0 0 rg BT 286.97 630.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.10 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 127.32 618.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 167.65 618.10 Td (Non-interest ) Tj ET Q q 0 0 0 rg BT 219.36 618.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 257.19 618.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.25 618.10 Td ($7,251 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 606.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.99 606.10 Td (in ) Tj ET Q q 0 0 0 rg BT 89.37 606.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.18 606.10 Td (current ) Tj ET Q q 0 0 0 rg BT 133.09 606.10 Td (year ) Tj ET Q q 0 0 0 rg BT 151.90 606.10 Td (period ) Tj ET Q q 0 0 0 rg BT 179.04 606.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.64 606.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.06 606.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.66 606.10 Td (from ) Tj ET Q q 0 0 0 rg BT 242.69 606.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.51 606.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 277.54 606.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 78.81 594.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 118.38 594.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.07 594.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.40 594.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.66 594.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.08 594.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.33 594.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.37 594.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 247.40 594.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.10 594.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.10 582.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.04 582.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.98 582.10 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.31 582.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.81 582.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.22 582.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.72 582.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.00 582.10 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 253.59 582.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 40.50 570.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 558.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 122.42 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.00 558.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 180.81 558.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 223.05 558.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 268.61 558.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.53 558.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 546.10 Td (current ) Tj ET Q q 0 0 0 rg BT 90.84 546.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 123.18 546.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.64 546.10 Td (current ) Tj ET Q q 0 0 0 rg BT 173.98 546.10 Td (year ) Tj ET Q q 0 0 0 rg BT 195.21 546.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 227.28 546.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 268.51 546.10 Td (due ) Tj ET Q q 0 0 0 rg BT 286.97 546.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 534.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 98.51 534.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.99 534.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 161.90 534.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 200.25 534.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 257.50 534.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 284.75 534.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 522.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 83.01 522.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 122.78 522.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 157.84 522.10 Td (of) Tj ET Q q 0 0 0 rg BT 165.99 522.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 182.16 522.10 Td (by ) Tj ET Q q 0 0 0 rg BT 193.90 522.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.64 522.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 234.02 522.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.54 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.49 522.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 273.10 522.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 68.37 510.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 117.68 510.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.00 510.10 Td (which ) Tj ET Q q 0 0 0 rg BT 152.98 510.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 181.72 510.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 216.57 510.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 273.65 510.10 Td (plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 498.10 Td (are ) Tj ET Q q 0 0 0 rg BT 73.21 498.10 Td (referenced ) Tj ET Q q 0 0 0 rg BT 117.89 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.83 498.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 162.88 498.10 Td (salaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 474.10 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 135.93 474.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 173.37 474.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 214.12 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.23 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.79 474.10 Td (current ) Tj ET Q q 0 0 0 rg BT 266.44 474.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 462.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 99.59 462.10 Td (due ) Tj ET Q q 0 0 0 rg BT 117.91 462.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.56 462.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 156.21 462.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 208.96 462.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 247.55 462.10 Td (transaction-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 450.10 Td (related ) Tj ET Q q 0 0 0 rg BT 90.32 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.38 450.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 150.11 450.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 177.23 450.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 215.17 450.10 Td (of) Tj ET Q q 0 0 0 rg BT 223.32 450.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 242.38 450.10 Td (by ) Tj ET Q q 0 0 0 rg BT 256.99 450.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 438.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 108.74 438.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.99 438.10 Td (technology) Tj ET Q q 0 0 0 rg BT 162.77 438.10 Td (. ) Tj ET Q q 0 0 0 rg BT 167.74 438.10 Td (In ) Tj ET Q q 0 0 0 rg BT 178.54 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.22 438.10 Td (current ) Tj ET Q q 0 0 0 rg BT 224.01 438.10 Td (year ) Tj ET Q q 0 0 0 rg BT 243.68 438.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 274.20 438.10 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 426.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 117.88 426.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 157.81 426.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 201.05 426.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 242.10 426.10 Td (due ) Tj ET Q q 0 0 0 rg BT 260.37 426.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.98 426.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 414.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 96.39 414.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 118.17 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.38 414.10 Td (volume-related ) Tj ET Q q 0 0 0 rg BT 196.69 414.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 237.07 414.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 272.17 414.10 Td (of) Tj ET Q q 0 0 0 rg BT 280.32 414.10 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 402.10 Td (by ) Tj ET Q q 0 0 0 rg BT 71.00 402.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 111.25 402.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 157.64 402.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.91 402.10 Td (technology) Tj ET Q q 0 0 0 rg BT 211.70 402.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.11 380.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.30 380.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 100.80 380.10 Td (Items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.94 358.10 Td (current ) Tj ET Q q 0 0 0 rg BT 99.14 358.10 Td (year ) Tj ET Q q 0 0 0 rg BT 119.24 358.10 Td (period ) Tj ET Q q 0 0 0 rg BT 147.68 358.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 183.89 358.10 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 233.44 358.10 Td (net ) Tj ET Q q 0 0 0 rg BT 248.55 358.10 Td (discrete ) Tj ET Q q 0 0 0 rg BT 282.53 358.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.40 346.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.98 346.10 Td ($101 ) Tj ET Q q 0 0 0 rg BT 116.22 346.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.11 346.10 Td (. ) Tj ET Q q 0 0 0 rg BT 149.69 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 167.49 346.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 189.17 346.10 Td (year ) Tj ET Q q 0 0 0 rg BT 208.62 346.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 239.18 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.87 346.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 277.55 346.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (period ) Tj ET Q q 0 0 0 rg BT 78.56 334.10 Td (included ) Tj ET Q q 0 0 0 rg BT 116.51 334.10 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 166.68 334.10 Td (net ) Tj ET Q q 0 0 0 rg BT 182.41 334.10 Td (discrete ) Tj ET Q q 0 0 0 rg BT 217.01 334.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 232.74 334.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 267.91 334.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.75 334.10 Td ($97 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 83.16 322.10 Td (For ) Tj ET Q q 0 0 0 rg BT 99.33 322.10 Td (further ) Tj ET Q q 0 0 0 rg BT 128.81 322.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 180.79 322.10 Td (see ) Tj ET Q q 0 0 0 rg BT 195.84 322.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.27 322.10 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 257.54 322.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 99.76 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.70 310.10 Td (Disclosures—Income ) Tj ET Q q 0 0 0 rg BT 205.67 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 211.08 310.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 223.02 310.10 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.56 310.10 Td (” ) Tj ET Q q 0 0 0 rg BT 260.50 310.10 Td (herein.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I38 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F3 12.00 Tf ET q 0 0 0 rg BT 54.00 720.90 Td (W) Tj ET Q q 0 0 0 rg BT 65.34 720.90 Td (ealth Management) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 54.00 700.70 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 171.5 671.2 m 212.5 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 671.2 m 253.5 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 659.2 m 171.5 659.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 659.2 m 212.5 659.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 659.2 m 253.5 659.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 659.2 m 297.5 659.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 635.2 m 171.5 635.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 635.2 m 212.5 635.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 635.2 m 253.5 635.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 635.2 m 297.5 635.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 623.2 m 171.5 623.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 623.2 m 212.5 623.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 623.2 m 253.5 623.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 623.2 m 297.5 623.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 611.2 m 297.5 611.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 611.2 m 171.5 611.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 611.2 m 212.5 611.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 611.2 m 253.5 611.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 611.2 m 297.5 611.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 599.2 m 297.5 599.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 599.2 m 171.5 599.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 587.2 m 171.5 587.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 599.2 m 212.5 599.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 587.2 m 212.5 587.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 599.2 m 253.5 599.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 587.2 m 253.5 587.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 599.2 m 297.5 599.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 587.2 m 297.5 587.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 575.2 m 171.5 575.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 575.2 m 212.5 575.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 575.2 m 253.5 575.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 587.2 m 297.5 587.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 575.2 m 297.5 575.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 563.2 m 171.5 563.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 563.2 m 212.5 563.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 563.2 m 253.5 563.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 563.2 m 297.5 563.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 551.2 m 171.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 539.2 m 171.5 539.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 551.2 m 212.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 539.2 m 212.5 539.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 551.2 m 253.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 539.2 m 253.5 539.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 551.2 m 297.5 551.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 539.2 m 297.5 539.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 527.2 m 171.5 527.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 527.2 m 212.5 527.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 527.2 m 253.5 527.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 527.2 m 297.5 527.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 515.2 m 171.5 515.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 515.2 m 212.5 515.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 515.2 m 253.5 515.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 515.2 m 297.5 515.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 503.2 m 171.5 503.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 491.2 m 171.5 491.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 503.2 m 212.5 503.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 491.2 m 212.5 491.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 503.2 m 253.5 503.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 491.2 m 253.5 491.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 503.2 m 297.5 503.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 491.2 m 297.5 491.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 479.2 m 171.5 479.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 479.2 m 212.5 479.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 479.2 m 253.5 479.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 491.2 m 297.5 491.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 479.2 m 297.5 479.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 450.2 m 171.5 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 438.2 m 171.5 438.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 450.2 m 212.5 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 438.2 m 212.5 438.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 450.2 m 253.5 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 438.2 m 253.5 438.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 450.2 m 297.5 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 438.2 m 297.5 438.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 417.2 m 171.5 417.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 417.2 m 212.5 417.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 417.2 m 253.5 417.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 417.2 m 297.5 417.2 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 675.20 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 174.60 681.88 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 196.65 673.88 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 256.00 675.43 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 57.00 663.15 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 182.60 662.88 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 223.60 662.88 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 256.30 662.88 Td (% Change) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 650.88 Td (Revenues) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 638.88 Td (Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.00 638.88 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 638.88 Td (138) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.00 638.88 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 638.88 Td (1) Tj ET Q q 0 0 0 rg BT 241.40 638.88 Td (14) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 278.30 638.93 Td (21) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 638.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 626.88 Td (T) Tj ET Q q 0 0 0 rg BT 61.74 626.88 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 626.88 Td (162) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 626.88 Td (135) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 278.30 626.93 Td (20) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 626.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 614.88 Td (Investments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 201.25 614.88 Td (—) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 245.85 614.88 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.15 614.93 Td (\(100) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 614.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 602.88 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 602.88 Td (428) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 602.88 Td (442) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.05 602.93 Td (\(3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 602.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 590.88 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 590.88 Td (2,544) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 590.93 Td (2,514) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 590.88 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 590.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 578.88 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 578.88 Td (120) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 241.35 578.88 Td (74) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 278.30 578.93 Td (62) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 578.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 566.88 Td (T) Tj ET Q q 0 0 0 rg BT 61.44 566.88 Td (otal non-interest revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 566.88 Td (3,392) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 566.93 Td (3,282) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 566.88 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 566.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 554.88 Td (Interest income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 554.88 Td (1,348) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 554.93 Td (1,320) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 554.88 Td (2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 554.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 542.88 Td (Interest expense) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 542.88 Td (332) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 542.88 Td (277) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 278.30 542.93 Td (20) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 542.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 530.88 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 530.88 Td (1,016) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 530.93 Td (1,043) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.05 530.93 Td (\(3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 530.88 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 518.88 Td (Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 518.88 Td (4,408) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 518.93 Td (4,325) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 518.88 Td (2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 518.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 506.88 Td (Compensation and benefits) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 506.88 Td (2,382) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 506.93 Td (2,356) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 506.88 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 506.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 494.88 Td (Non-compensation expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 494.88 Td (783) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 494.88 Td (812) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.05 494.93 Td (\(4) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 494.88 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 482.88 Td (T) Tj ET Q q 0 0 0 rg BT 61.29 482.88 Td (otal non-interest expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 482.88 Td (3,165) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 482.93 Td (3,168) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 279.15 482.88 Td (—) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 482.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 470.43 Td (Income from continuing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 61.50 462.43 Td (operations before income) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 61.50 454.43 Td (taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.00 454.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 454.43 Td (1,243) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.00 454.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 454.48 Td (1,157) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 454.43 Td (7) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 454.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 441.88 Td (Provision for income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 441.88 Td (290) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 441.88 Td (281) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 441.88 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 441.88 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 429.43 Td (Net income applicable to) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 61.50 421.43 Td (Morgan Stanley) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.00 421.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 421.43 Td (953) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.00 421.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 421.43 Td (876) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 421.43 Td (9) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 421.43 Td (%) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 388.20000000000005 m 212.5 388.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 388.20000000000005 m 253.5 388.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 376.20000000000005 m 171.5 376.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 388.20000000000005 m 212.5 388.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 376.20000000000005 m 212.5 376.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 388.20000000000005 m 253.5 388.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 376.20000000000005 m 253.5 376.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 376.20000000000005 m 297.5 376.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 352.20000000000005 m 171.5 352.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 352.20000000000005 m 212.5 352.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 352.20000000000005 m 253.5 352.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 352.20000000000005 m 297.5 352.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 340.20000000000005 m 171.5 340.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 340.20000000000005 m 212.5 340.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 340.20000000000005 m 253.5 340.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 340.20000000000005 m 297.5 340.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 328.20000000000005 m 171.5 328.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 328.20000000000005 m 212.5 328.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 328.20000000000005 m 253.5 328.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 328.20000000000005 m 297.5 328.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 316.20000000000005 m 297.5 316.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 316.20000000000005 m 171.5 316.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 304.20000000000005 m 171.5 304.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 316.20000000000005 m 212.5 316.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 304.20000000000005 m 212.5 304.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 316.20000000000005 m 253.5 316.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 304.20000000000005 m 253.5 304.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 316.20000000000005 m 297.5 316.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 304.20000000000005 m 297.5 304.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 292.20000000000005 m 171.5 292.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 292.20000000000005 m 212.5 292.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 292.20000000000005 m 253.5 292.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 304.20000000000005 m 297.5 304.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 292.20000000000005 m 297.5 292.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 280.20000000000005 m 171.5 280.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 280.20000000000005 m 212.5 280.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 280.20000000000005 m 253.5 280.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 280.20000000000005 m 297.5 280.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 280.20000000000005 m 212.5 280.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 280.20000000000005 m 253.5 280.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 268.20000000000005 m 171.5 268.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 256.20000000000005 m 171.5 256.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 268.20000000000005 m 212.5 268.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 256.20000000000005 m 212.5 256.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 268.20000000000005 m 253.5 268.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 256.20000000000005 m 253.5 256.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 268.20000000000005 m 297.5 268.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 256.20000000000005 m 297.5 256.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 244.20000000000005 m 171.5 244.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 244.20000000000005 m 212.5 244.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 244.20000000000005 m 253.5 244.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 244.20000000000005 m 297.5 244.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 232.20000000000005 m 171.5 232.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 232.20000000000005 m 212.5 232.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 232.20000000000005 m 253.5 232.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 232.20000000000005 m 297.5 232.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 232.20000000000005 m 212.5 232.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 232.20000000000005 m 253.5 232.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 220.20000000000005 m 171.5 220.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 208.20000000000005 m 171.5 208.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 220.20000000000005 m 212.5 220.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 208.20000000000005 m 212.5 208.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 220.20000000000005 m 253.5 220.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 208.20000000000005 m 253.5 208.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 220.20000000000005 m 297.5 220.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 208.20000000000005 m 297.5 208.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 196.20000000000005 m 171.5 196.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 196.20000000000005 m 212.5 196.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 196.20000000000005 m 253.5 196.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 208.20000000000005 m 297.5 208.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 196.20000000000005 m 297.5 196.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 196.20000000000005 m 212.5 196.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 169.20000000000005 m 212.5 169.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 169.20000000000005 m 171.5 169.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 157.20000000000005 m 171.5 157.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 169.20000000000005 m 212.5 169.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 157.20000000000005 m 212.5 157.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 169.20000000000005 m 253.5 169.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 157.20000000000005 m 253.5 157.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 169.20000000000005 m 297.5 169.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 157.20000000000005 m 297.5 157.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 136.20000000000005 m 171.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 136.20000000000005 m 212.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 136.20000000000005 m 253.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 136.20000000000005 m 297.5 136.20000000000005 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 392.43 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 179.50 398.88 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 196.65 390.88 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 256.00 392.43 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 57.00 380.15 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 182.60 379.88 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 223.60 379.88 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 256.30 379.88 Td (% Change) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 367.88 Td (Revenues) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 355.88 Td (Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.00 355.88 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 355.88 Td (247) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.00 355.88 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 355.88 Td (254) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.05 355.93 Td (\(3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 355.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 343.88 Td (T) Tj ET Q q 0 0 0 rg BT 61.74 343.88 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 343.88 Td (464) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 343.88 Td (244) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 278.30 343.93 Td (90) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 343.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 331.88 Td (Investments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 204.85 331.88 Td (1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 245.85 331.88 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.60 331.88 Td (\(67) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 331.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 319.88 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 319.88 Td (834) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 319.88 Td (940) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.60 319.88 Td (\(1) Tj ET Q q 0 0 0 rg BT 282.71 319.88 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 319.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 307.88 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 307.88 Td (4,905) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 307.93 Td (5,009) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.05 307.93 Td (\(2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 307.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 295.88 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 295.88 Td (200) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 295.88 Td (137) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 278.30 295.93 Td (46) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 295.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 283.88 Td (T) Tj ET Q q 0 0 0 rg BT 61.44 283.88 Td (otal non-interest revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 283.88 Td (6,651) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 283.93 Td (6,587) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 283.88 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 283.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 271.88 Td (Interest income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 271.88 Td (2,761) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 271.93 Td (2,600) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 271.88 Td (6) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 271.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 259.88 Td (Interest expense) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 259.88 Td (615) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 259.88 Td (488) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 278.30 259.93 Td (26) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 259.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 247.88 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 247.88 Td (2,146) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 247.93 Td (2,1) Tj ET Q q 0 0 0 rg BT 241.37 247.93 Td (12) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 247.88 Td (2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 247.88 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 235.88 Td (Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 235.88 Td (8,797) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 235.93 Td (8,699) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 235.88 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 235.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 223.88 Td (Compensation and benefits) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 223.88 Td (4,844) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 223.93 Td (4,806) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 223.88 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 223.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 211.88 Td (Non-compensation expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 211.88 Td (1,522) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 211.93 Td (1,576) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.05 211.93 Td (\(3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 211.88 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 199.88 Td (T) Tj ET Q q 0 0 0 rg BT 61.29 199.88 Td (otal non-interest expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 199.88 Td (6,366) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 199.93 Td (6,382) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 279.15 199.88 Td (—) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 199.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 187.88 Td (Income from continuing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 61.50 179.88 Td (operations before income) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 61.50 171.88 Td (taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.00 173.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 173.43 Td (2,431) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.00 173.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 173.48 Td (2,317) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 173.43 Td (5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 173.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 160.88 Td (Provision for income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 160.88 Td (554) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 160.88 Td (527) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 160.88 Td (5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 160.88 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 148.43 Td (Net income applicable to) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 61.50 140.43 Td (Morgan Stanley) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.00 140.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 189.25 140.43 Td (1,877) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.00 140.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 230.25 140.48 Td (1,790) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 140.43 Td (5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 140.43 Td (%) Tj ET Q BT /F7 8.50 Tf ET BT /F1 2.00 Tf ET q 0 0 0 rg BT 324.00 722.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.50 722.10 Td ( ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 324.00 700.90 Td (Financial Information and Statistical Data) Tj ET Q BT /F1 3.00 Tf ET q 0 0 0 rg BT 324.00 697.30 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 659.8 m 464.5 659.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 659.8 m 510.5 659.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 659.8 m 567.5 659.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 647.8 m 464.5 647.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 647.8 m 510.5 647.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 647.8 m 567.5 647.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 635.8 m 464.5 635.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 635.8 m 510.5 635.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 635.8 m 567.5 635.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 616.8 m 464.5 616.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 616.8 m 510.5 616.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 616.8 m 567.5 616.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 604.8 m 464.5 604.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 604.8 m 510.5 604.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 604.8 m 567.5 604.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 592.8 m 464.5 592.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 580.8 m 464.5 580.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 592.8 m 510.5 592.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 580.8 m 510.5 580.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 592.8 m 567.5 592.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 580.8 m 567.5 580.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 568.8 m 464.5 568.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 568.8 m 510.5 568.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.5 568.8 m 567.5 568.8 l s BT /F7 8.00 Tf ET q 0 0 0 rg BT 482.75 678.48 Td (At) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 470.95 670.48 Td (June 30,) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 478.10 662.48 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 534.70 678.48 Td (At) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.35 670.48 Td (December 31,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.60 662.48 Td (2018) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 327.00 663.75 Td ($ in billions, except employee data) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 651.48 Td (Client assets) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.00 651.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 482.75 651.48 Td (2,570) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.00 651.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 539.80 651.53 Td (2,303) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 639.48 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 411.49 643.29 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.00 639.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 482.75 639.48 Td (1,159) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.00 639.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 539.80 639.53 Td (1,046) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 627.48 Td (Fee-based client assets as a) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 331.50 619.48 Td (percentage of total client assets) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 493.95 621.03 Td (45) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 502.85 621.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 550.95 621.03 Td (45) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 559.85 621.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 608.48 Td (Client liabilities) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 379.91 612.29 Td (2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.00 608.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 493.95 608.48 Td (84) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.00 608.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 550.95 608.48 Td (83) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 596.48 Td (Investment securities portfolio) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.00 596.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 487.25 596.48 Td (69.8) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.00 596.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.25 596.48 Td (68.6) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 584.48 Td (Loans and lending commitments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.00 584.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 487.25 584.48 Td (86.4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.00 584.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.25 584.48 Td (82.9) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 572.48 Td (W) Tj ET Q q 0 0 0 rg BT 334.41 572.48 Td (ealth Management representatives) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 478.35 572.48 Td (15,633) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 535.35 572.48 Td (15,694) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 539.8 m 526.5 539.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 539.8 m 567.5 539.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 527.8 m 485.5 527.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 527.8 m 526.5 527.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 527.8 m 567.5 527.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 503.8 m 485.5 503.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 491.8 m 485.5 491.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 503.8 m 526.5 503.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 491.8 m 526.5 491.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 503.8 m 567.5 503.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 491.8 m 567.5 491.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 479.8 m 485.5 479.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 479.8 m 526.5 479.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 479.8 m 567.5 479.8 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 544.03 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 488.60 550.48 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 510.65 542.48 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 531.48 Td (  ) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 496.60 531.48 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 537.60 531.48 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 519.48 Td (Per representative:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 337.00 507.48 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 471.31 511.29 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 488.00 507.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 503.25 507.53 Td (1,125) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.00 507.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.25 507.53 Td (1,105) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 337.00 495.48 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 432.14 499.29 Td (4) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 488.00 495.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 509.95 495.48 Td (164) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.00 495.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 550.95 495.48 Td (154) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 483.48 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 454.17 487.29 Td (5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 488.00 483.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 512.10 483.48 Td (9.8) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.00 483.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.70 483.48 Td (15.3) 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 485.5 450.8 m 526.5 450.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 450.8 m 567.5 450.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 438.8 m 485.5 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 450.8 m 526.5 450.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 438.8 m 526.5 438.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 450.8 m 567.5 450.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 438.8 m 567.5 438.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 414.8 m 485.5 414.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 402.8 m 485.5 402.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 414.8 m 526.5 414.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 402.8 m 526.5 402.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 414.8 m 567.5 414.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 402.8 m 567.5 402.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 390.8 m 485.5 390.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 390.8 m 526.5 390.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 526.5 390.8 m 567.5 390.8 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 455.03 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 493.50 461.48 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 510.65 453.48 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 442.48 Td (  ) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 496.60 442.48 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 537.60 442.48 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 430.48 Td (Per representative:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 337.00 418.48 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 471.31 422.29 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 488.00 418.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 503.25 418.53 Td (1,122) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.00 418.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.25 418.53 Td (1,1) Tj ET Q q 0 0 0 rg BT 555.37 418.53 Td (10) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 337.00 406.48 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 432.14 410.29 Td (4) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 488.00 406.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 509.95 406.48 Td (164) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.00 406.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 550.95 406.48 Td (154) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 394.48 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 454.17 398.29 Td (5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 488.00 394.48 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 507.70 394.48 Td (24.6) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.00 394.48 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.70 394.48 Td (33.5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.00 Tf ET q 0 0 0 rg BT 324.00 382.30 Td (  ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 328.50 382.30 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 324.00 373.30 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 373.30 Td (Fee-based ) Tj ET Q q 0 0 0 rg BT 369.91 373.30 Td (client ) Tj ET Q q 0 0 0 rg BT 388.47 373.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 411.20 373.30 Td (represent ) Tj ET Q q 0 0 0 rg BT 443.94 373.30 Td (the ) Tj ET Q q 0 0 0 rg BT 455.42 373.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 481.49 373.30 Td (of ) Tj ET Q q 0 0 0 rg BT 488.80 373.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 511.53 373.30 Td (in ) Tj ET Q q 0 0 0 rg BT 518.42 373.30 Td (client ) Tj ET Q q 0 0 0 rg BT 536.99 373.30 Td (accounts ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 364.30 Td (where ) Tj ET Q q 0 0 0 rg BT 355.51 364.30 Td (the ) Tj ET Q q 0 0 0 rg BT 368.02 364.30 Td (fee ) Tj ET Q q 0 0 0 rg BT 380.53 364.30 Td (for ) Tj ET Q q 0 0 0 rg BT 391.37 364.30 Td (services ) Tj ET Q q 0 0 0 rg BT 420.96 364.30 Td (is ) Tj ET Q q 0 0 0 rg BT 428.46 364.30 Td (calculated ) Tj ET Q q 0 0 0 rg BT 464.32 364.30 Td (based ) Tj ET Q q 0 0 0 rg BT 486.84 364.30 Td (on ) Tj ET Q q 0 0 0 rg BT 497.27 364.30 Td (those ) Tj ET Q q 0 0 0 rg BT 517.70 364.30 Td (assets.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 324.00 355.30 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 355.30 Td (Client ) Tj ET Q q 0 0 0 rg BT 353.68 355.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 383.53 355.30 Td (include ) Tj ET Q q 0 0 0 rg BT 408.80 355.30 Td (securities-based ) Tj ET Q q 0 0 0 rg BT 464.92 355.30 Td (and ) Tj ET Q q 0 0 0 rg BT 478.93 355.30 Td (tailored ) Tj ET Q q 0 0 0 rg BT 505.04 355.30 Td (lending, ) Tj ET Q q 0 0 0 rg BT 532.81 355.30 Td (residential ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 346.30 Td (real ) Tj ET Q q 0 0 0 rg BT 347.59 346.30 Td (estate ) Tj ET Q q 0 0 0 rg BT 370.11 346.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 390.12 346.30 Td (and ) Tj ET Q q 0 0 0 rg BT 404.72 346.30 Td (margin ) Tj ET Q q 0 0 0 rg BT 429.73 346.30 Td (lending.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 324.00 337.30 Td (3. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 337.30 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 369.27 337.30 Td (per ) Tj ET Q q 0 0 0 rg BT 382.60 337.30 Td (representative ) Tj ET Q q 0 0 0 rg BT 432.62 337.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 453.47 337.30 Td (W) Tj ET Q q 0 0 0 rg BT 460.41 337.30 Td (ealth ) Tj ET Q q 0 0 0 rg BT 479.17 337.30 Td (Management’) Tj ET Q q 0 0 0 rg BT 524.48 337.30 Td (s ) Tj ET Q q 0 0 0 rg BT 530.72 337.30 Td (annualized ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 328.30 Td (net ) Tj ET Q q 0 0 0 rg BT 345.51 328.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 378.45 328.30 Td (divided ) Tj ET Q q 0 0 0 rg BT 404.30 328.30 Td (by ) Tj ET Q q 0 0 0 rg BT 414.31 328.30 Td (the ) Tj ET Q q 0 0 0 rg BT 426.82 328.30 Td (average ) Tj ET Q q 0 0 0 rg BT 456.01 328.30 Td (number ) Tj ET Q q 0 0 0 rg BT 483.52 328.30 Td (of ) Tj ET Q q 0 0 0 rg BT 491.86 328.30 Td (representatives.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 324.00 319.30 Td (4. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 319.30 Td (Client ) Tj ET Q q 0 0 0 rg BT 355.58 319.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 380.65 319.30 Td (per ) Tj ET Q q 0 0 0 rg BT 394.89 319.30 Td (representative ) Tj ET Q q 0 0 0 rg BT 445.82 319.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 467.57 319.30 Td (total ) Tj ET Q q 0 0 0 rg BT 485.15 319.30 Td (period-end ) Tj ET Q q 0 0 0 rg BT 524.41 319.30 Td (client ) Tj ET Q q 0 0 0 rg BT 545.32 319.30 Td (assets ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 310.30 Td (divided ) Tj ET Q q 0 0 0 rg BT 358.85 310.30 Td (by ) Tj ET Q q 0 0 0 rg BT 368.86 310.30 Td (period-end ) Tj ET Q q 0 0 0 rg BT 406.80 310.30 Td (number ) Tj ET Q q 0 0 0 rg BT 434.32 310.30 Td (of ) Tj ET Q q 0 0 0 rg BT 442.66 310.30 Td (representatives.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 324.00 301.30 Td (5. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 301.30 Td (For ) Tj ET Q q 0 0 0 rg BT 346.01 301.30 Td (a ) Tj ET Q q 0 0 0 rg BT 351.94 301.30 Td (description ) Tj ET Q q 0 0 0 rg BT 389.98 301.30 Td (of ) Tj ET Q q 0 0 0 rg BT 397.99 301.30 Td (the ) Tj ET Q q 0 0 0 rg BT 410.18 301.30 Td (Inflows ) Tj ET Q q 0 0 0 rg BT 435.29 301.30 Td (and ) Tj ET Q q 0 0 0 rg BT 449.56 301.30 Td (Outflows ) Tj ET Q q 0 0 0 rg BT 480.50 301.30 Td (included ) Tj ET Q q 0 0 0 rg BT 510.20 301.30 Td (within ) Tj ET Q q 0 0 0 rg BT 531.14 301.30 Td (Fee-based ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 292.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 353.53 292.30 Td (flows, ) Tj ET Q q 0 0 0 rg BT 375.30 292.30 Td (see ) Tj ET Q q 0 0 0 rg BT 389.99 292.30 Td (“Management’) Tj ET Q q 0 0 0 rg BT 437.79 292.30 Td (s ) Tj ET Q q 0 0 0 rg BT 444.14 292.30 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 483.01 292.30 Td (and ) Tj ET Q q 0 0 0 rg BT 497.60 292.30 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 528.13 292.30 Td (of ) Tj ET Q q 0 0 0 rg BT 536.98 292.30 Td (Financial ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 283.30 Td (Condition ) Tj ET Q q 0 0 0 rg BT 368.58 283.30 Td (and ) Tj ET Q q 0 0 0 rg BT 384.98 283.30 Td (Results ) Tj ET Q q 0 0 0 rg BT 413.87 283.30 Td (of ) Tj ET Q q 0 0 0 rg BT 424.01 283.30 Td (Operations—Business ) Tj ET Q q 0 0 0 rg BT 502.52 283.30 Td (Segments—W) Tj ET Q q 0 0 0 rg BT 550.74 283.30 Td (ealth ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 274.30 Td (Management—Fee-Based ) Tj ET Q q 0 0 0 rg BT 425.89 274.30 Td (Client ) Tj ET Q q 0 0 0 rg BT 449.01 274.30 Td (Assets” ) Tj ET Q q 0 0 0 rg BT 478.94 274.30 Td (in ) Tj ET Q q 0 0 0 rg BT 489.70 274.30 Td (the ) Tj ET Q q 0 0 0 rg BT 505.04 274.30 Td (2018 ) Tj ET Q q 0 0 0 rg BT 526.65 274.30 Td (Form ) Tj ET Q q 0 0 0 rg BT 549.07 274.30 Td (10-K. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 265.30 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 365.52 265.30 Td (institutional ) Tj ET Q q 0 0 0 rg BT 405.13 265.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 423.05 265.30 Td (management-related ) Tj ET Q q 0 0 0 rg BT 494.35 265.30 Td (activity) Tj ET Q q 0 0 0 rg BT 516.71 265.30 Td (.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I39 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 /F7 8.50 Tf ET q 0 0 0 rg BT 54.00 722.85 Td (T) Tj ET Q q 0 0 0 rg BT 58.72 722.85 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 171.5 693.35 m 212.5 693.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 693.35 m 253.5 693.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 681.35 m 171.5 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 681.35 m 212.5 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 681.35 m 253.5 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 681.35 m 297.5 681.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 681.35 m 297.5 681.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 669.35 m 171.5 669.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 657.35 m 171.5 657.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 669.35 m 212.5 669.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 657.35 m 212.5 657.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 669.35 m 253.5 669.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 657.35 m 253.5 657.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 669.35 m 297.5 669.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 657.35 m 297.5 657.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 645.35 m 171.5 645.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 645.35 m 212.5 645.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 645.35 m 253.5 645.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 657.35 m 297.5 657.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 645.35 m 297.5 645.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 633.35 m 171.5 633.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 633.35 m 212.5 633.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 633.35 m 253.5 633.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 645.35 m 297.5 645.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 633.35 m 297.5 633.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 614.35 m 171.5 614.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 614.35 m 212.5 614.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 614.35 m 253.5 614.35 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 697.58 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 174.60 704.03 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 196.65 696.03 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 256.00 697.58 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 57.00 685.30 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 182.60 685.03 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 223.60 685.03 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 256.30 685.03 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 673.03 Td (Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.00 673.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 191.50 673.03 Td (138) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.00 673.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 232.50 673.03 Td (1) Tj ET Q q 0 0 0 rg BT 236.95 673.03 Td (14) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 278.30 673.08 Td (21) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 673.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 661.03 Td (T) Tj ET Q q 0 0 0 rg BT 61.74 661.03 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 191.50 661.03 Td (162) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 232.50 661.03 Td (135) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 278.30 661.08 Td (20) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 661.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 649.03 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 191.50 649.03 Td (428) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 232.50 649.03 Td (442) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.05 649.08 Td (\(3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 649.03 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 637.03 Td (T) Tj ET Q q 0 0 0 rg BT 61.00 637.03 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.00 637.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 191.50 637.03 Td (728) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.00 637.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 232.50 637.03 Td (691) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 637.03 Td (5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 637.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 625.03 Td (T) Tj ET Q q 0 0 0 rg BT 61.59 625.03 Td (ransactional revenues as a %) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 61.50 617.03 Td (of Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 618.58 Td (17) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 204.85 618.58 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 618.58 Td (16) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 245.85 618.58 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 171.5 585.35 m 212.5 585.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 585.35 m 253.5 585.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 573.35 m 171.5 573.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 585.35 m 212.5 585.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 585.35 m 253.5 585.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 573.35 m 297.5 573.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 573.35 m 212.5 573.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 573.35 m 253.5 573.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 573.35 m 297.5 573.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 561.35 m 171.5 561.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 549.35 m 171.5 549.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 561.35 m 212.5 561.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 549.35 m 212.5 549.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 561.35 m 253.5 561.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 549.35 m 253.5 549.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 561.35 m 297.5 561.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 549.35 m 297.5 549.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 537.35 m 171.5 537.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 537.35 m 212.5 537.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 537.35 m 253.5 537.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 549.35 m 297.5 549.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 537.35 m 297.5 537.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 525.35 m 171.5 525.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 525.35 m 212.5 525.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 525.35 m 253.5 525.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 537.35 m 297.5 537.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 525.35 m 297.5 525.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 506.35 m 171.5 506.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 525.35 m 212.5 525.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 171.5 506.35 m 212.5 506.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 525.35 m 253.5 525.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212.5 506.35 m 253.5 506.35 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 589.58 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 179.50 596.03 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 196.65 588.03 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 256.00 589.58 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 57.00 577.30 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 182.60 577.03 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 223.60 577.03 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 256.30 577.03 Td (% Change) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 565.03 Td (Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.00 565.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 191.50 565.03 Td (247) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.00 565.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 232.50 565.03 Td (254) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 280.05 565.08 Td (\(3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 565.03 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 553.03 Td (T) Tj ET Q q 0 0 0 rg BT 61.74 553.03 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 191.50 553.03 Td (464) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 232.50 553.03 Td (244) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 278.30 553.08 Td (90) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 553.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 541.03 Td (Commissions and fees) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 191.50 541.03 Td (834) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 232.50 541.03 Td (940) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.60 541.03 Td (\(1) Tj ET Q q 0 0 0 rg BT 282.71 541.03 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.20 541.03 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 529.03 Td (T) Tj ET Q q 0 0 0 rg BT 61.00 529.03 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 174.00 529.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 184.80 529.08 Td (1,545) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.00 529.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 225.75 529.03 Td (1,438) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 282.75 529.03 Td (7) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 289.85 529.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 517.03 Td (T) Tj ET Q q 0 0 0 rg BT 61.59 517.03 Td (ransactional revenues as a %) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 61.50 509.03 Td (of Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.95 510.58 Td (18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 204.85 510.58 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 236.95 510.58 Td (17) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 245.85 510.58 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 484.85 Td (Net ) Tj ET Q q 0 0 0 rg BT 71.49 484.85 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 466.85 Td (T) Tj ET Q q 0 0 0 rg BT 59.74 466.85 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 113.92 466.85 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 444.85 Td (T) Tj ET Q q 0 0 0 rg BT 59.76 444.85 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 110.51 444.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 148.49 444.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.27 444.85 Td ($728 ) Tj ET Q q 0 0 0 rg BT 181.71 444.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.60 444.85 Td ( ) Tj ET Q q 0 0 0 rg BT 213.05 444.85 Td (in ) Tj ET Q q 0 0 0 rg BT 223.27 444.85 Td (the ) Tj ET Q q 0 0 0 rg BT 237.93 444.85 Td (current ) Tj ET Q q 0 0 0 rg BT 268.69 444.85 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 432.85 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.75 432.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.06 432.85 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.40 432.85 Td ( ) Tj ET Q q 0 0 0 rg BT 109.71 432.85 Td (from ) Tj ET Q q 0 0 0 rg BT 131.46 432.85 Td (the ) Tj ET Q q 0 0 0 rg BT 145.98 432.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 167.73 432.85 Td (year ) Tj ET Q q 0 0 0 rg BT 187.25 432.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 217.88 432.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 257.40 432.85 Td (as ) Tj ET Q q 0 0 0 rg BT 268.04 432.85 Td (a ) Tj ET Q q 0 0 0 rg BT 274.79 432.85 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 420.85 Td (of ) Tj ET Q q 0 0 0 rg BT 70.26 420.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 103.17 420.85 Td (T) Tj ET Q q 0 0 0 rg BT 108.93 420.85 Td (rading ) Tj ET Q q 0 0 0 rg BT 142.41 420.85 Td (and ) Tj ET Q q 0 0 0 rg BT 164.78 420.85 Td (Investment ) Tj ET Q q 0 0 0 rg BT 217.14 420.85 Td (Banking ) Tj ET Q q 0 0 0 rg BT 258.96 420.85 Td (revenues. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 408.85 Td (T) Tj ET Q q 0 0 0 rg BT 59.76 408.85 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 110.96 408.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 149.39 408.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.62 408.85 Td ($1,545 ) Tj ET Q q 0 0 0 rg BT 191.01 408.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.90 408.85 Td ( ) Tj ET Q q 0 0 0 rg BT 222.80 408.85 Td (in ) Tj ET Q q 0 0 0 rg BT 233.47 408.85 Td (the ) Tj ET Q q 0 0 0 rg BT 248.58 408.85 Td (current ) Tj ET Q q 0 0 0 rg BT 279.79 408.85 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 396.85 Td (period ) Tj ET Q q 0 0 0 rg BT 82.20 396.85 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.61 396.85 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.94 396.85 Td ( ) Tj ET Q q 0 0 0 rg BT 138.60 396.85 Td (from ) Tj ET Q q 0 0 0 rg BT 160.69 396.85 Td (the ) Tj ET Q q 0 0 0 rg BT 175.56 396.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 197.66 396.85 Td (year ) Tj ET Q q 0 0 0 rg BT 217.52 396.85 Td (period ) Tj ET Q q 0 0 0 rg BT 245.72 396.85 Td (as ) Tj ET Q q 0 0 0 rg BT 256.71 396.85 Td (a ) Tj ET Q q 0 0 0 rg BT 263.80 396.85 Td (result ) Tj ET Q q 0 0 0 rg BT 288.67 396.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 384.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 88.85 384.85 Td (T) Tj ET Q q 0 0 0 rg BT 94.61 384.85 Td (rading ) Tj ET Q q 0 0 0 rg BT 130.18 384.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 178.24 384.85 Td (partially ) Tj ET Q q 0 0 0 rg BT 221.59 384.85 Td (of) Tj ET Q q 0 0 0 rg BT 229.74 384.85 Td (fset ) Tj ET Q q 0 0 0 rg BT 254.21 384.85 Td (by ) Tj ET Q q 0 0 0 rg BT 274.23 384.85 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 372.85 Td (Commissions ) Tj ET Q q 0 0 0 rg BT 110.96 372.85 Td (and ) Tj ET Q q 0 0 0 rg BT 127.90 372.85 Td (fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 360.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 348.85 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 348.85 Td (Investment ) Tj ET Q q 0 0 0 rg BT 113.39 348.85 Td (banking ) Tj ET Q q 0 0 0 rg BT 151.57 348.85 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.06 348.85 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.82 348.85 Td ( ) Tj ET Q q 0 0 0 rg BT 236.77 348.85 Td (in ) Tj ET Q q 0 0 0 rg BT 250.51 348.85 Td (the ) Tj ET Q q 0 0 0 rg BT 268.68 348.85 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 336.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 94.52 336.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 134.93 336.85 Td (due ) Tj ET Q q 0 0 0 rg BT 152.58 336.85 Td (to ) Tj ET Q q 0 0 0 rg BT 163.56 336.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 192.31 336.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 231.05 336.85 Td (from ) Tj ET Q q 0 0 0 rg BT 253.69 336.85 Td (closed-end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 324.85 Td (fund ) Tj ET Q q 0 0 0 rg BT 83.46 324.85 Td (issuances. ) Tj ET Q q 0 0 0 rg BT 125.86 324.85 Td (Investment ) Tj ET Q q 0 0 0 rg BT 172.42 324.85 Td (banking ) Tj ET Q q 0 0 0 rg BT 206.76 324.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 244.43 324.85 Td (in ) Tj ET Q q 0 0 0 rg BT 254.34 324.85 Td (the ) Tj ET Q q 0 0 0 rg BT 268.68 324.85 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 312.85 Td (year ) Tj ET Q q 0 0 0 rg BT 81.94 312.85 Td (period ) Tj ET Q q 0 0 0 rg BT 109.23 312.85 Td (were ) Tj ET Q q 0 0 0 rg BT 130.39 312.85 Td (relatively ) Tj ET Q q 0 0 0 rg BT 169.89 312.85 Td (unchanged, ) Tj ET Q q 0 0 0 rg BT 217.44 312.85 Td (with ) Tj ET Q q 0 0 0 rg BT 236.96 312.85 Td (lower ) Tj ET Q q 0 0 0 rg BT 261.46 312.85 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 300.85 Td (from ) Tj ET Q q 0 0 0 rg BT 84.24 300.85 Td (structured ) Tj ET Q q 0 0 0 rg BT 126.02 300.85 Td (product ) Tj ET Q q 0 0 0 rg BT 158.37 300.85 Td (issuances ) Tj ET Q q 0 0 0 rg BT 197.94 300.85 Td (of) Tj ET Q q 0 0 0 rg BT 206.09 300.85 Td (fset ) Tj ET Q q 0 0 0 rg BT 222.32 300.85 Td (by ) Tj ET Q q 0 0 0 rg BT 234.12 300.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 261.47 300.85 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 288.85 Td (from ) Tj ET Q q 0 0 0 rg BT 84.94 288.85 Td (closed-end ) Tj ET Q q 0 0 0 rg BT 130.75 288.85 Td (fund ) Tj ET Q q 0 0 0 rg BT 151.58 288.85 Td (issuances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 264.85 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 264.85 Td (T) Tj ET Q q 0 0 0 rg BT 68.76 264.85 Td (rading ) Tj ET Q q 0 0 0 rg BT 95.56 264.85 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.35 264.85 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.10 264.85 Td ( ) Tj ET Q q 0 0 0 rg BT 171.36 264.85 Td (in ) Tj ET Q q 0 0 0 rg BT 180.39 264.85 Td (the ) Tj ET Q q 0 0 0 rg BT 193.86 264.85 Td (current ) Tj ET Q q 0 0 0 rg BT 223.43 264.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 253.00 264.85 Td (and ) Tj ET Q q 0 0 0 rg BT 268.69 264.85 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 252.85 Td (year ) Tj ET Q q 0 0 0 rg BT 86.48 252.85 Td (period ) Tj ET Q q 0 0 0 rg BT 118.30 252.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 161.78 252.85 Td (due ) Tj ET Q q 0 0 0 rg BT 182.50 252.85 Td (to ) Tj ET Q q 0 0 0 rg BT 196.55 252.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 228.37 252.85 Td (gains ) Tj ET Q q 0 0 0 rg BT 255.75 252.85 Td (related ) Tj ET Q q 0 0 0 rg BT 289.22 252.85 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 240.85 Td (investments ) Tj ET Q q 0 0 0 rg BT 116.37 240.85 Td (associated ) Tj ET Q q 0 0 0 rg BT 163.06 240.85 Td (with ) Tj ET Q q 0 0 0 rg BT 186.43 240.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 219.23 240.85 Td (employee ) Tj ET Q q 0 0 0 rg BT 263.69 240.85 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 228.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 121.04 228.85 Td (plans ) Tj ET Q q 0 0 0 rg BT 144.65 228.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 186.57 228.85 Td (with ) Tj ET Q q 0 0 0 rg BT 206.85 228.85 Td (the ) Tj ET Q q 0 0 0 rg BT 221.57 228.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 243.51 228.85 Td (year ) Tj ET Q q 0 0 0 rg BT 263.21 228.85 Td (periods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 204.85 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 204.85 Td (Commissions ) Tj ET Q q 0 0 0 rg BT 119.77 204.85 Td (and ) Tj ET Q q 0 0 0 rg BT 136.53 204.85 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.94 204.85 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.36 204.85 Td ( ) Tj ET Q q 0 0 0 rg BT 196.67 204.85 Td (in ) Tj ET Q q 0 0 0 rg BT 206.77 204.85 Td (the ) Tj ET Q q 0 0 0 rg BT 221.30 204.85 Td (current ) Tj ET Q q 0 0 0 rg BT 251.93 204.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 282.56 204.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 192.85 Td (current ) Tj ET Q q 0 0 0 rg BT 93.62 192.85 Td (year ) Tj ET Q q 0 0 0 rg BT 113.13 192.85 Td (period ) Tj ET Q q 0 0 0 rg BT 140.99 192.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 180.51 192.85 Td (due ) Tj ET Q q 0 0 0 rg BT 197.25 192.85 Td (to ) Tj ET Q q 0 0 0 rg BT 207.33 192.85 Td (lower ) Tj ET Q q 0 0 0 rg BT 232.41 192.85 Td (client ) Tj ET Q q 0 0 0 rg BT 256.93 192.85 Td (activity ) Tj ET Q q 0 0 0 rg BT 289.22 192.85 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 180.85 Td (equities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 722.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 348.17 722.25 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 700.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 348.86 700.25 Td (management ) Tj ET Q q 0 0 0 rg BT 402.59 700.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 440.77 700.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.74 700.25 Td ($2,544 ) Tj ET Q q 0 0 0 rg BT 481.88 700.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.77 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 513.41 700.25 Td (in ) Tj ET Q q 0 0 0 rg BT 523.83 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 700.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 688.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.02 688.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.77 688.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.48 688.25 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.81 688.25 Td ( ) Tj ET Q q 0 0 0 rg BT 408.51 688.25 Td (from ) Tj ET Q q 0 0 0 rg BT 429.65 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.58 688.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 464.72 688.25 Td (year ) Tj ET Q q 0 0 0 rg BT 483.63 688.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 513.65 688.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 552.56 688.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.22 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.87 676.25 Td (ef) Tj ET Q q 0 0 0 rg BT 356.46 676.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 373.88 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.65 676.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 418.75 676.25 Td (net ) Tj ET Q q 0 0 0 rg BT 433.41 676.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 458.07 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.94 676.25 Td (market ) Tj ET Q q 0 0 0 rg BT 505.15 676.25 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 557.00 676.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 664.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 366.62 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.58 664.25 Td (current ) Tj ET Q q 0 0 0 rg BT 408.52 664.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 439.46 664.25 Td (fee-based ) Tj ET Q q 0 0 0 rg BT 480.39 664.25 Td (client ) Tj ET Q q 0 0 0 rg BT 505.23 664.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 533.69 664.25 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 652.25 Td (of) Tj ET Q q 0 0 0 rg BT 332.15 652.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 349.09 652.25 Td (by ) Tj ET Q q 0 0 0 rg BT 361.59 652.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 386.86 652.25 Td (average ) Tj ET Q q 0 0 0 rg BT 420.44 652.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 435.15 652.25 Td (rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 630.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 348.86 630.25 Td (management ) Tj ET Q q 0 0 0 rg BT 402.59 630.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 440.77 630.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.74 630.25 Td ($4,905 ) Tj ET Q q 0 0 0 rg BT 481.88 630.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.77 630.25 Td ( ) Tj ET Q q 0 0 0 rg BT 513.41 630.25 Td (in ) Tj ET Q q 0 0 0 rg BT 523.83 630.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 630.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 618.25 Td (year ) Tj ET Q q 0 0 0 rg BT 343.03 618.25 Td (period ) Tj ET Q q 0 0 0 rg BT 370.41 618.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 618.25 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.98 618.25 Td ( ) Tj ET Q q 0 0 0 rg BT 426.81 618.25 Td (from ) Tj ET Q q 0 0 0 rg BT 448.07 618.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.12 618.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 483.39 618.25 Td (year ) Tj ET Q q 0 0 0 rg BT 502.42 618.25 Td (period ) Tj ET Q q 0 0 0 rg BT 529.79 618.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 606.25 Td (due ) Tj ET Q q 0 0 0 rg BT 341.52 606.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.38 606.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.68 606.25 Td (ef) Tj ET Q q 0 0 0 rg BT 375.26 606.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 393.33 606.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.74 606.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 432.26 606.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 463.66 606.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 486.74 606.25 Td (market ) Tj ET Q q 0 0 0 rg BT 517.58 606.25 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 594.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.65 594.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 367.63 594.25 Td (average ) Tj ET Q q 0 0 0 rg BT 401.92 594.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 417.34 594.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 441.93 594.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 478.46 594.25 Td (of) Tj ET Q q 0 0 0 rg BT 486.61 594.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 504.26 594.25 Td (by ) Tj ET Q q 0 0 0 rg BT 517.47 594.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.89 594.25 Td (ef) Tj ET Q q 0 0 0 rg BT 540.48 594.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 558.68 594.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 582.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 358.17 582.25 Td (net ) Tj ET Q q 0 0 0 rg BT 372.88 582.25 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 560.25 Td (See ) Tj ET Q q 0 0 0 rg BT 340.94 560.25 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.38 560.25 Td (Fee-Based ) Tj ET Q q 0 0 0 rg BT 390.08 560.25 Td (Client ) Tj ET Q q 0 0 0 rg BT 416.48 560.25 Td (Assets—Rollforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.36 560.25 Td (” ) Tj ET Q q 0 0 0 rg BT 512.30 560.25 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 536.25 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 512.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 348.41 512.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 385.59 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.56 512.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.56 512.25 Td (120 ) Tj ET Q q 0 0 0 rg BT 417.20 512.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.09 512.25 Td ( ) Tj ET Q q 0 0 0 rg BT 447.73 512.25 Td (in ) Tj ET Q q 0 0 0 rg BT 457.15 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.01 512.25 Td (current ) Tj ET Q q 0 0 0 rg BT 500.96 512.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 530.92 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 547.00 512.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 512.25 Td (200 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 500.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.89 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 356.41 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 367.71 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.45 500.25 Td (current ) Tj ET Q q 0 0 0 rg BT 415.29 500.25 Td (year ) Tj ET Q q 0 0 0 rg BT 436.02 500.25 Td (period ) Tj ET Q q 0 0 0 rg BT 465.09 500.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.36 500.25 Td (62%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.69 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 528.22 500.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.18 500.25 Td (46%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.51 500.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 488.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 371.66 488.25 Td (, ) Tj ET Q q 0 0 0 rg BT 378.31 488.25 Td (from ) Tj ET Q q 0 0 0 rg BT 401.89 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.26 488.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 441.84 488.25 Td (year ) Tj ET Q q 0 0 0 rg BT 463.19 488.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 499.28 488.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 540.64 488.25 Td (due ) Tj ET Q q 0 0 0 rg BT 559.22 488.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 476.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 352.05 476.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 386.19 476.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 409.80 476.25 Td (from ) Tj ET Q q 0 0 0 rg BT 431.73 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.90 476.25 Td (AFS ) Tj ET Q q 0 0 0 rg BT 466.74 476.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 507.01 476.25 Td (portfolio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 464.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 452.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 340.94 452.25 Td (Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 430.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 340.02 430.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 371.04 430.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.96 430.25 Td ($1,016 ) Tj ET Q q 0 0 0 rg BT 410.04 430.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.93 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 440.52 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.88 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.68 430.25 Td (current ) Tj ET Q q 0 0 0 rg BT 493.58 430.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 523.48 430.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 430.25 Td ($2,146 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 418.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.89 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 355.48 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.84 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.64 418.25 Td (current ) Tj ET Q q 0 0 0 rg BT 411.54 418.25 Td (year ) Tj ET Q q 0 0 0 rg BT 431.34 418.25 Td (period ) Tj ET Q q 0 0 0 rg BT 459.47 418.25 Td (were ) Tj ET Q q 0 0 0 rg BT 481.48 418.25 Td (mar) Tj ET Q q 0 0 0 rg BT 496.85 418.25 Td (ginally ) Tj ET Q q 0 0 0 rg BT 527.21 418.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 552.56 418.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 406.25 Td (higher) Tj ET Q q 0 0 0 rg BT 349.15 406.25 Td (, ) Tj ET Q q 0 0 0 rg BT 353.24 406.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 400.90 406.25 Td (, ) Tj ET Q q 0 0 0 rg BT 405.00 406.25 Td (than ) Tj ET Q q 0 0 0 rg BT 423.81 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.18 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.99 406.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 495.23 406.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 516.26 406.25 Td (year ) Tj ET Q q 0 0 0 rg BT 535.06 406.25 Td (periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 394.25 Td (In ) Tj ET Q q 0 0 0 rg BT 334.93 394.25 Td (both ) Tj ET Q q 0 0 0 rg BT 355.30 394.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 389.83 394.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 421.86 394.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 456.66 394.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 497.01 394.25 Td (due ) Tj ET Q q 0 0 0 rg BT 514.05 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 524.42 394.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 559.22 394.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 382.25 Td (our ) Tj ET Q q 0 0 0 rg BT 339.50 382.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 372.78 382.25 Td (mix. ) Tj ET Q q 0 0 0 rg BT 393.00 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 395.17 382.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 427.33 382.25 Td (income ) Tj ET Q q 0 0 0 rg BT 458.93 382.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 498.85 382.25 Td (due ) Tj ET Q q 0 0 0 rg BT 515.46 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.41 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.80 382.25 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.25 370.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 363.72 370.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 396.07 370.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 417.87 370.25 Td (on ) Tj ET Q q 0 0 0 rg BT 430.79 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.15 370.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 476.61 370.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 513.96 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.21 370.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 552.56 370.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 358.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 371.71 358.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 415.25 358.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 451.84 358.25 Td (of) Tj ET Q q 0 0 0 rg BT 459.99 358.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 477.71 358.25 Td (by ) Tj ET Q q 0 0 0 rg BT 490.98 358.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 519.80 358.25 Td (prepayment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 346.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 377.04 346.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 411.74 346.25 Td (related ) Tj ET Q q 0 0 0 rg BT 441.45 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 451.72 346.25 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 523.63 346.25 Td (securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 322.25 Td (In ) Tj ET Q q 0 0 0 rg BT 334.88 322.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 372.70 322.25 Td (we ) Tj ET Q q 0 0 0 rg BT 386.91 322.25 Td (centralized ) Tj ET Q q 0 0 0 rg BT 433.31 322.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 463.06 322.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 496.15 322.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 530.91 322.25 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 310.25 Td (as ) Tj ET Q q 0 0 0 rg BT 335.16 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.31 310.25 Td (January ) Tj ET Q q 0 0 0 rg BT 380.24 310.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 390.56 310.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 415.89 310.25 Td (which ) Tj ET Q q 0 0 0 rg BT 443.15 310.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 479.30 310.25 Td (of) Tj ET Q q 0 0 0 rg BT 487.45 310.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 504.71 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.76 310.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 559.23 310.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 298.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 356.25 298.25 Td (income ) Tj ET Q q 0 0 0 rg BT 387.94 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.64 298.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 436.89 298.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 471.36 298.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 513.05 298.25 Td (with ) Tj ET Q q 0 0 0 rg BT 533.09 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 547.57 298.25 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 286.25 Td (year ) Tj ET Q q 0 0 0 rg BT 344.88 286.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 380.23 286.25 Td (This ) Tj ET Q q 0 0 0 rg BT 401.68 286.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 432.56 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 442.91 286.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 482.11 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.56 286.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 531.67 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 543.12 286.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 274.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 357.92 274.25 Td (The ) Tj ET Q q 0 0 0 rg BT 375.61 274.25 Td (ef) Tj ET Q q 0 0 0 rg BT 383.20 274.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 400.32 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 412.46 274.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 429.04 274.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 460.61 274.25 Td (income ) Tj ET Q q 0 0 0 rg BT 492.18 274.25 Td (was ) Tj ET Q q 0 0 0 rg BT 509.87 274.25 Td (not ) Tj ET Q q 0 0 0 rg BT 524.79 274.25 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.47 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.38 262.25 Td (current ) Tj ET Q q 0 0 0 rg BT 383.38 262.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 415.39 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.52 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.42 262.25 Td (current ) Tj ET Q q 0 0 0 rg BT 481.43 262.25 Td (year ) Tj ET Q q 0 0 0 rg BT 502.33 262.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 534.06 262.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 551.08 262.25 Td (is ) Tj ET Q q 0 0 0 rg BT 561.45 262.25 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 250.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 362.03 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.31 250.25 Td (be ) Tj ET Q q 0 0 0 rg BT 384.25 250.25 Td (for ) Tj ET Q q 0 0 0 rg BT 398.41 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.13 250.25 Td (full ) Tj ET Q q 0 0 0 rg BT 429.51 250.25 Td (year ) Tj ET Q q 0 0 0 rg BT 449.22 250.25 Td (2019.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.00 228.25 Td (Non-inter) Tj ET Q q 0 0 0 rg BT 365.48 228.25 Td (est ) Tj ET Q q 0 0 0 rg BT 379.64 228.25 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 206.25 Td (Non-interest ) Tj ET Q q 0 0 0 rg BT 375.93 206.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 413.98 206.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.25 206.25 Td ($3,165 ) Tj ET Q q 0 0 0 rg BT 453.70 206.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.59 206.25 Td ( ) Tj ET Q q 0 0 0 rg BT 484.53 206.25 Td (in ) Tj ET Q q 0 0 0 rg BT 494.26 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.42 206.25 Td (current ) Tj ET Q q 0 0 0 rg BT 538.68 206.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 194.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.10 194.25 Td ($6,366 ) Tj ET Q q 0 0 0 rg BT 371.25 194.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 194.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.80 194.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.24 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.11 194.25 Td (current ) Tj ET Q q 0 0 0 rg BT 459.09 194.25 Td (year ) Tj ET Q q 0 0 0 rg BT 478.95 194.25 Td (period ) Tj ET Q q 0 0 0 rg BT 507.16 194.25 Td (were ) Tj ET Q q 0 0 0 rg BT 529.24 194.25 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 182.25 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 373.59 182.25 Td (from ) Tj ET Q q 0 0 0 rg BT 399.30 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.79 182.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 443.50 182.25 Td (year ) Tj ET Q q 0 0 0 rg BT 466.98 182.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 505.20 182.25 Td (with ) Tj ET Q q 0 0 0 rg BT 529.25 182.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 170.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 385.65 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.96 170.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 439.49 170.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 479.47 170.25 Td (of) Tj ET Q q 0 0 0 rg BT 487.62 170.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 505.93 170.25 Td (by ) Tj ET Q q 0 0 0 rg BT 519.80 170.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 546.45 170.25 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 158.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 382.04 158.25 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.00 146.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 134.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 134.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 396.82 134.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.31 134.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 455.01 134.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 497.16 134.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 540.96 134.25 Td (in ) Tj ET Q q 0 0 0 rg BT 554.78 134.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 122.25 Td (current ) Tj ET Q q 0 0 0 rg BT 363.37 122.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 393.75 122.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.24 122.25 Td (current ) Tj ET Q q 0 0 0 rg BT 440.62 122.25 Td (year ) Tj ET Q q 0 0 0 rg BT 459.88 122.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 489.99 122.25 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 530.36 122.25 Td (increases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 110.25 Td (in ) Tj ET Q q 0 0 0 rg BT 344.07 110.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.58 110.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 376.76 110.25 Td (value ) Tj ET Q q 0 0 0 rg BT 401.71 110.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.33 110.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 464.40 110.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.47 110.25 Td (which ) Tj ET Q q 0 0 0 rg BT 503.21 110.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 533.70 110.25 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 98.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 392.33 98.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 417.22 98.25 Td (are ) Tj ET Q q 0 0 0 rg BT 433.22 98.25 Td (referenced ) Tj ET Q q 0 0 0 rg BT 479.18 98.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.41 98.25 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 533.68 98.25 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 86.25 Td (of) Tj ET Q q 0 0 0 rg BT 341.15 86.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 362.05 86.25 Td (by ) Tj ET Q q 0 0 0 rg BT 378.51 86.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 423.27 86.25 Td (related ) Tj ET Q q 0 0 0 rg BT 456.94 86.25 Td (to ) Tj ET Q q 0 0 0 rg BT 471.17 86.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.85 86.25 Td (roll-of) Tj ET Q q 0 0 0 rg BT 515.22 86.25 Td (f ) Tj ET Q q 0 0 0 rg BT 525.01 86.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.80 86.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 74.25 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 411.01 74.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 453.47 74.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 492.61 74.25 Td (loans. ) Tj ET Q q 0 0 0 rg BT 519.81 74.25 Td (In ) Tj ET Q q 0 0 0 rg BT 531.73 74.25 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 62.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 394.85 62.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.36 62.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 449.09 62.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 489.26 62.25 Td (in ) Tj ET Q q 0 0 0 rg BT 501.11 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.40 62.25 Td (current ) Tj ET Q q 0 0 0 rg BT 549.79 62.25 Td (year ) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I40 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 722.10 Td (period ) Tj ET Q q 0 0 0 rg BT 92.67 722.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 136.20 722.10 Td (due ) Tj ET Q q 0 0 0 rg BT 154.76 722.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.66 722.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.00 722.10 Td (formulaic ) Tj ET Q q 0 0 0 rg BT 225.99 722.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 257.33 722.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.93 722.10 Td (W) Tj ET Q q 0 0 0 rg BT 277.57 722.10 Td (ealth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 710.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 116.94 710.10 Td (representatives ) Tj ET Q q 0 0 0 rg BT 178.64 710.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 205.92 710.10 Td (by ) Tj ET Q q 0 0 0 rg BT 217.66 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.61 710.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 248.90 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.97 710.10 Td (revenues. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 686.10 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 686.10 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 145.91 686.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.83 686.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.24 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.06 686.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.65 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.68 686.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 674.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 93.00 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.13 674.10 Td (current ) Tj ET Q q 0 0 0 rg BT 139.13 674.10 Td (year ) Tj ET Q q 0 0 0 rg BT 158.03 674.10 Td (period ) Tj ET Q q 0 0 0 rg BT 185.27 674.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 224.17 674.10 Td (as ) Tj ET Q q 0 0 0 rg BT 234.18 674.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.31 674.10 Td (result ) Tj ET Q q 0 0 0 rg BT 264.22 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.24 674.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 662.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 93.86 662.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 134.15 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.56 662.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 193.07 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.48 662.10 Td (business ) Tj ET Q q 0 0 0 rg BT 245.35 662.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 650.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 111.50 650.10 Td (In ) Tj ET Q q 0 0 0 rg BT 129.73 650.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 174.91 650.10 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 260.90 650.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 638.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 106.16 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.68 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.64 638.10 Td (current ) Tj ET Q q 0 0 0 rg BT 165.70 638.10 Td (year ) Tj ET Q q 0 0 0 rg BT 186.65 638.10 Td (period ) Tj ET Q q 0 0 0 rg BT 215.94 638.10 Td (as ) Tj ET Q q 0 0 0 rg BT 228.02 638.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.20 638.10 Td (result ) Tj ET Q q 0 0 0 rg BT 262.16 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.24 638.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 626.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 114.38 626.10 Td (services ) Tj ET Q q 0 0 0 rg BT 149.08 626.10 Td (expenses. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 602.10 Td (Fee-Based Client ) Tj ET Q q 0 0 0 rg BT 128.43 602.10 Td (Assets) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 54.00 581.90 Td (Rollforwards) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 548.4 m 123.5 548.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 548.4 m 170.5 548.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 548.4 m 197.5 548.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 548.4 m 229.5 548.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 548.4 m 255.5 548.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 548.4 m 297.5 548.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 537.4 m 123.5 537.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 537.4 m 170.5 537.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 537.4 m 197.5 537.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 537.4 m 229.5 537.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 537.4 m 255.5 537.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 537.4 m 297.5 537.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 526.4 m 123.5 526.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 515.4 m 123.5 515.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 526.4 m 170.5 526.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 515.4 m 170.5 515.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 526.4 m 197.5 526.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 515.4 m 197.5 515.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 526.4 m 229.5 526.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 515.4 m 229.5 515.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 526.4 m 255.5 526.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 515.4 m 255.5 515.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 526.4 m 297.5 526.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 515.4 m 297.5 515.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 504.4 m 123.5 504.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 504.4 m 170.5 504.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 504.4 m 197.5 504.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 504.4 m 229.5 504.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 504.4 m 255.5 504.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 504.4 m 297.5 504.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 504.4 m 197.5 504.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 493.4 m 197.5 493.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 504.4 m 229.5 504.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 493.4 m 229.5 493.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 504.4 m 255.5 504.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 493.4 m 255.5 493.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 504.4 m 297.5 504.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 493.4 m 297.5 493.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 493.4 m 123.5 493.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 482.4 m 123.5 482.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 493.4 m 170.5 493.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 482.4 m 170.5 482.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 493.4 m 197.5 493.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 482.4 m 197.5 482.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 493.4 m 229.5 493.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 482.4 m 229.5 482.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 493.4 m 255.5 493.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 482.4 m 255.5 482.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 493.4 m 297.5 493.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 482.4 m 297.5 482.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 465.4 m 123.5 465.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 465.4 m 170.5 465.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 482.4 m 197.5 482.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 465.4 m 197.5 465.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 482.4 m 229.5 482.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 465.4 m 229.5 465.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 482.4 m 255.5 482.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 465.4 m 255.5 465.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 482.4 m 297.5 482.4 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 465.4 m 297.5 465.4 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 57.00 552.18 Td ($ in billions) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 143.40 564.17 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 132.00 557.67 Td (March 31,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 139.25 551.17 Td (2019) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.35 552.32 Td (Inflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.35 552.32 Td (Outflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.05 558.82 Td (Market) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.20 552.32 Td (Impact) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 272.55 564.17 Td (At) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 262.95 557.67 Td (June 30,) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 268.75 551.17 Td (2019) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 541.17 Td (Separately managed) Tj ET Q BT /F6 6.50 Tf ET BT /F6 4.22 Tf ET q 0 0 0 rg BT 116.99 544.27 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 541.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 541.17 Td (276) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 173.00 541.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 187.55 541.17 Td (10) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 200.00 541.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 221.00 541.17 Td (\(5) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 541.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 232.00 541.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 245.55 541.17 Td (15) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 258.00 541.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 283.95 541.17 Td (296) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 530.17 Td (Unified managed) Tj ET Q BT /F6 6.50 Tf ET BT /F6 4.22 Tf ET q 0 0 0 rg BT 106.15 533.27 Td (2) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 530.17 Td (283) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 187.55 530.17 Td (12) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 217.40 530.17 Td (\(1) Tj ET Q q 0 0 0 rg BT 223.18 530.17 Td (1) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 530.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 249.15 530.17 Td (8) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 283.95 530.17 Td (292) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 519.17 Td (Advisor) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 519.17 Td (147) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 191.15 519.17 Td (7) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 221.00 519.17 Td (\(9) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 519.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 249.15 519.17 Td (4) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 283.95 519.17 Td (149) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 508.17 Td (Portfolio manager) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 508.17 Td (391) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 187.55 508.17 Td (21) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 217.40 508.17 Td (\(15) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 508.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 249.15 508.17 Td (3) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 283.95 508.17 Td (400) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 497.17 Td (Subtotal) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 497.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.50 497.17 Td (1,097) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 173.00 497.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 187.55 497.17 Td (50) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 200.00 497.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 217.40 497.17 Td (\(40) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 497.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 232.00 497.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 245.55 497.17 Td (30) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 258.00 497.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 278.50 497.17 Td (1,137) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 486.17 Td (Cash management) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 160.55 486.17 Td (19) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 191.15 486.17 Td (3) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 221.00 486.17 Td (\(4) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 486.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 249.15 486.17 Td (4) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 287.55 486.17 Td (22) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 57.00 475.17 Td (T) Tj ET Q q 0 0 0 rg BT 60.49 475.17 Td (otal fee-based) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 61.50 468.67 Td (client assets) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 469.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.50 469.32 Td (1,1) Tj ET Q q 0 0 0 rg BT 160.54 469.32 Td (16) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 173.00 469.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 187.55 469.32 Td (53) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 200.00 469.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 217.40 469.32 Td (\(44) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 469.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 232.00 469.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 245.55 469.32 Td (34) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 258.00 469.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 278.50 469.32 Td (1,159) 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 54.5 432.4 m 123.5 432.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 432.4 m 170.5 432.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 432.4 m 197.5 432.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 432.4 m 229.5 432.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 432.4 m 255.5 432.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 432.4 m 297.5 432.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 421.4 m 123.5 421.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 421.4 m 170.5 421.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 421.4 m 197.5 421.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 421.4 m 229.5 421.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 421.4 m 255.5 421.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 421.4 m 297.5 421.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 410.4 m 123.5 410.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 399.4 m 123.5 399.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 410.4 m 170.5 410.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 399.4 m 170.5 399.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 410.4 m 197.5 410.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 399.4 m 197.5 399.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 410.4 m 229.5 410.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 399.4 m 229.5 399.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 410.4 m 255.5 410.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 399.4 m 255.5 399.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 410.4 m 297.5 410.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 399.4 m 297.5 399.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 388.4 m 123.5 388.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 388.4 m 170.5 388.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 388.4 m 197.5 388.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 388.4 m 229.5 388.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 388.4 m 255.5 388.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 388.4 m 297.5 388.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 388.4 m 197.5 388.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 377.4 m 197.5 377.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 388.4 m 229.5 388.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 377.4 m 229.5 377.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 388.4 m 255.5 388.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 377.4 m 255.5 377.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 388.4 m 297.5 388.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 377.4 m 297.5 377.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 377.4 m 123.5 377.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 366.4 m 123.5 366.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 377.4 m 170.5 377.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 366.4 m 170.5 366.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 377.4 m 197.5 377.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 366.4 m 197.5 366.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 377.4 m 229.5 377.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 366.4 m 229.5 366.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 377.4 m 255.5 377.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 366.4 m 255.5 366.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 377.4 m 297.5 377.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 366.4 m 297.5 366.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 349.4 m 123.5 349.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 123.5 349.4 m 170.5 349.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 366.4 m 197.5 366.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 349.4 m 197.5 349.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 366.4 m 229.5 366.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 349.4 m 229.5 349.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 366.4 m 255.5 366.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 349.4 m 255.5 349.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 366.4 m 297.5 366.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 349.4 m 297.5 349.4 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 57.00 436.18 Td ($ in billions) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 143.40 448.17 Td (At ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 132.00 441.67 Td (March 31, ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 139.25 435.17 Td (2018) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.35 436.32 Td (Inflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.35 436.32 Td (Outflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.05 442.82 Td (Market) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.20 436.32 Td (Impact) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 272.90 448.17 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 263.50 441.67 Td (June 30,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 268.75 435.17 Td (2018) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 425.17 Td (Separately managed) Tj ET Q BT /F6 6.50 Tf ET BT /F6 4.22 Tf ET q 0 0 0 rg BT 116.99 428.27 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 425.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 425.17 Td (260) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.00 425.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 191.15 425.17 Td (9) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.00 425.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 221.00 425.17 Td (\(5) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 425.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.00 425.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 249.15 425.17 Td (3) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 258.00 425.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 283.95 425.17 Td (267) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 414.17 Td (Unified managed) Tj ET Q BT /F6 6.50 Tf ET BT /F6 4.22 Tf ET q 0 0 0 rg BT 106.15 417.27 Td (2) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 414.17 Td (274) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 187.55 414.17 Td (12) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 221.00 414.17 Td (\(9) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 414.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 249.15 414.17 Td (2) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 283.95 414.17 Td (279) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 403.17 Td (Advisor) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 403.17 Td (147) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 191.15 403.17 Td (8) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 221.00 403.17 Td (\(8) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 403.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 249.15 403.17 Td (2) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 283.95 403.17 Td (149) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 392.17 Td (Portfolio manager) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 392.17 Td (356) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 187.55 392.17 Td (20) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 217.40 392.17 Td (\(12) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 392.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 249.15 392.17 Td (3) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 283.95 392.17 Td (367) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 381.17 Td (Subtotal) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 381.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.50 381.17 Td (1,037) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.00 381.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 187.55 381.17 Td (49) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.00 381.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 217.40 381.17 Td (\(34) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 381.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.00 381.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 245.55 381.17 Td (10) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 258.00 381.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 278.50 381.17 Td (1,062) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 370.17 Td (Cash management) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 160.55 370.17 Td (21) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 191.15 370.17 Td (6) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 221.00 370.17 Td (\(5) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 370.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 246.30 370.17 Td (—) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 287.55 370.17 Td (22) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 57.00 359.17 Td (T) Tj ET Q q 0 0 0 rg BT 60.49 359.17 Td (otal fee-based) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 61.50 352.67 Td (client assets) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 353.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.50 353.32 Td (1,058) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.00 353.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 187.55 353.32 Td (55) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.00 353.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 217.40 353.32 Td (\(39) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 353.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.00 353.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 245.55 353.32 Td (10) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 258.00 353.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 278.50 353.32 Td (1,084) 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 54.5 316.4 m 123.5 316.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 316.4 m 170.5 316.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 316.4 m 197.5 316.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 316.4 m 229.5 316.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 316.4 m 255.5 316.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 316.4 m 297.5 316.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 316.4 m 170.5 316.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 316.4 m 197.5 316.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 316.4 m 229.5 316.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 316.4 m 255.5 316.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 305.4 m 123.5 305.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 305.4 m 170.5 305.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 305.4 m 197.5 305.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 305.4 m 229.5 305.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 305.4 m 255.5 305.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 305.4 m 297.5 305.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 294.4 m 123.5 294.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 283.4 m 123.5 283.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 294.4 m 170.5 294.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 283.4 m 170.5 283.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 294.4 m 197.5 294.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 283.4 m 197.5 283.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 294.4 m 229.5 294.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 283.4 m 229.5 283.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 294.4 m 255.5 294.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 283.4 m 255.5 283.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 294.4 m 297.5 294.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 283.4 m 297.5 283.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 272.4 m 123.5 272.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 272.4 m 170.5 272.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 272.4 m 197.5 272.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 272.4 m 229.5 272.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 272.4 m 255.5 272.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 272.4 m 297.5 272.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 272.4 m 197.5 272.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 261.4 m 197.5 261.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 272.4 m 229.5 272.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 261.4 m 229.5 261.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 272.4 m 255.5 272.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 261.4 m 255.5 261.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 272.4 m 297.5 272.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 261.4 m 297.5 261.4 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 261.4 m 123.5 261.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 250.39999999999998 m 123.5 250.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 261.4 m 170.5 261.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 250.39999999999998 m 170.5 250.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 261.4 m 197.5 261.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 250.39999999999998 m 197.5 250.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 261.4 m 229.5 261.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 250.39999999999998 m 229.5 250.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 261.4 m 255.5 261.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 250.39999999999998 m 255.5 250.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 261.4 m 297.5 261.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 250.39999999999998 m 297.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 233.39999999999998 m 123.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 233.39999999999998 m 170.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 250.39999999999998 m 197.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 233.39999999999998 m 197.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 250.39999999999998 m 229.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 233.39999999999998 m 229.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 250.39999999999998 m 255.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 233.39999999999998 m 255.5 233.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 250.39999999999998 m 297.5 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 233.39999999999998 m 297.5 233.39999999999998 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 57.00 320.18 Td ($ in billions) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 143.40 332.17 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.05 325.67 Td (December 31,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 139.25 319.17 Td (2018) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.35 320.32 Td (Inflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.35 320.32 Td (Outflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.05 326.82 Td (Market) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.20 320.32 Td (Impact) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 272.55 332.17 Td (At) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 262.95 325.67 Td (June 30,) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 268.75 319.17 Td (2019) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 309.17 Td (Separately managed) Tj ET Q BT /F6 6.50 Tf ET BT /F6 4.22 Tf ET q 0 0 0 rg BT 116.99 312.27 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 309.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 309.17 Td (279) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 173.00 309.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 187.55 309.17 Td (23) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 200.00 309.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 221.00 309.17 Td (\(9) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 309.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 232.00 309.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 249.15 309.17 Td (3) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 258.00 309.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 283.95 309.17 Td (296) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 298.17 Td (Unified managed) Tj ET Q BT /F6 6.50 Tf ET BT /F6 4.22 Tf ET q 0 0 0 rg BT 106.15 301.27 Td (2) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 298.17 Td (257) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 187.55 298.17 Td (23) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 217.40 298.17 Td (\(20) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 298.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 245.55 298.17 Td (32) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 283.95 298.17 Td (292) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 287.17 Td (Advisor) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 287.17 Td (137) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 187.55 287.17 Td (14) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 217.40 287.17 Td (\(17) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 287.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 245.55 287.17 Td (15) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 283.95 287.17 Td (149) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 276.17 Td (Portfolio manager) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 276.17 Td (353) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 187.55 276.17 Td (38) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 217.40 276.17 Td (\(27) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 276.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 245.55 276.17 Td (36) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 283.95 276.17 Td (400) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 265.17 Td (Subtotal) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 265.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.50 265.17 Td (1,026) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 173.00 265.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 187.55 265.17 Td (98) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 200.00 265.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 217.40 265.17 Td (\(73) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 265.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 232.00 265.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 245.55 265.17 Td (86) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 258.00 265.17 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 278.50 265.17 Td (1,137) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 254.17 Td (Cash management) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 160.55 254.17 Td (20) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 191.15 254.17 Td (7) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 221.00 254.17 Td (\(9) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 254.17 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 249.15 254.17 Td (4) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 287.55 254.17 Td (22) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 57.00 243.17 Td (T) Tj ET Q q 0 0 0 rg BT 60.49 243.17 Td (otal fee-based) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 61.50 236.67 Td (client assets) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 237.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.50 237.32 Td (1,046) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 173.00 237.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 183.95 237.32 Td (105) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 200.00 237.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 217.40 237.32 Td (\(82) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 226.80 237.32 Td (\)) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 232.00 237.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 245.55 237.32 Td (90) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 258.00 237.32 Td ($) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 278.50 237.32 Td (1,159) 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 54.5 200.39999999999998 m 123.5 200.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 200.39999999999998 m 170.5 200.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 200.39999999999998 m 197.5 200.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 200.39999999999998 m 229.5 200.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 200.39999999999998 m 255.5 200.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 200.39999999999998 m 297.5 200.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 200.39999999999998 m 170.5 200.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 200.39999999999998 m 197.5 200.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 200.39999999999998 m 229.5 200.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 200.39999999999998 m 255.5 200.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 189.39999999999998 m 123.5 189.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 189.39999999999998 m 170.5 189.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 189.39999999999998 m 197.5 189.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 189.39999999999998 m 229.5 189.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 189.39999999999998 m 255.5 189.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 189.39999999999998 m 297.5 189.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 178.39999999999998 m 123.5 178.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 167.39999999999998 m 123.5 167.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 178.39999999999998 m 170.5 178.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 167.39999999999998 m 170.5 167.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 178.39999999999998 m 197.5 178.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 167.39999999999998 m 197.5 167.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 178.39999999999998 m 229.5 178.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 167.39999999999998 m 229.5 167.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 178.39999999999998 m 255.5 178.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 167.39999999999998 m 255.5 167.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 178.39999999999998 m 297.5 178.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 167.39999999999998 m 297.5 167.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 156.39999999999998 m 123.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 156.39999999999998 m 170.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 156.39999999999998 m 197.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 156.39999999999998 m 229.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 156.39999999999998 m 255.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 156.39999999999998 m 297.5 156.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 156.39999999999998 m 197.5 156.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 145.39999999999998 m 197.5 145.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 156.39999999999998 m 229.5 156.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 145.39999999999998 m 229.5 145.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 156.39999999999998 m 255.5 156.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 145.39999999999998 m 255.5 145.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 145.39999999999998 m 123.5 145.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 134.39999999999998 m 123.5 134.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 145.39999999999998 m 170.5 145.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 123.5 134.39999999999998 m 170.5 134.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 145.39999999999998 m 197.5 145.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 134.39999999999998 m 197.5 134.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 145.39999999999998 m 229.5 145.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 134.39999999999998 m 229.5 134.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 145.39999999999998 m 255.5 145.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 134.39999999999998 m 255.5 134.39999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 145.39999999999998 m 297.5 145.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 134.39999999999998 m 297.5 134.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 117.39999999999998 m 123.5 117.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 123.5 117.39999999999998 m 170.5 117.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 170.5 134.39999999999998 m 197.5 134.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 117.39999999999998 m 197.5 117.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197.5 134.39999999999998 m 229.5 134.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 117.39999999999998 m 229.5 117.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229.5 134.39999999999998 m 255.5 134.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 229.5 117.39999999999998 m 255.5 117.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 117.39999999999998 m 297.5 117.39999999999998 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 57.00 204.18 Td ($ in billions) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 143.40 216.17 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.05 209.67 Td (December 31,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 139.25 203.17 Td (2017) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.35 204.32 Td (Inflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.35 204.32 Td (Outflows) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.05 210.82 Td (Market) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.20 204.32 Td (Impact) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 272.90 216.17 Td (At) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 263.50 209.67 Td (June 30,) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 268.75 203.17 Td (2018) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 193.17 Td (Separately managed) Tj ET Q BT /F6 6.50 Tf ET BT /F6 4.22 Tf ET q 0 0 0 rg BT 116.99 196.27 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 193.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 193.17 Td (252) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.00 193.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 187.55 193.17 Td (18) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.00 193.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 217.40 193.17 Td (\(10) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 193.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.00 193.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 249.15 193.17 Td (7) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 258.00 193.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 283.95 193.17 Td (267) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 182.17 Td (Unified managed) Tj ET Q BT /F6 6.50 Tf ET BT /F6 4.22 Tf ET q 0 0 0 rg BT 106.15 185.27 Td (2) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 182.17 Td (271) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 187.55 182.17 Td (26) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 217.40 182.17 Td (\(18) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 182.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 246.30 182.17 Td (—) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 283.95 182.17 Td (279) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 171.17 Td (Advisor) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 171.17 Td (149) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 187.55 171.17 Td (16) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 217.40 171.17 Td (\(16) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 171.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 246.30 171.17 Td (—) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 283.95 171.17 Td (149) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 160.17 Td (Portfolio manager) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 156.95 160.17 Td (353) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 187.55 160.17 Td (39) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 217.40 160.17 Td (\(22) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 160.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 247.00 160.17 Td (\(3) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 252.80 160.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 283.95 160.17 Td (367) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 149.17 Td (Subtotal) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 149.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.50 149.17 Td (1,025) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.00 149.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 187.55 149.17 Td (99) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.00 149.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 217.40 149.17 Td (\(66) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 149.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.00 149.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 249.15 149.17 Td (4) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 258.00 149.17 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 278.50 149.17 Td (1,062) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 57.00 138.17 Td (Cash management) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 160.55 138.17 Td (20) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 187.55 138.17 Td (1) Tj ET Q q 0 0 0 rg BT 191.17 138.17 Td (1) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 221.00 138.17 Td (\(9) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 138.17 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 246.30 138.17 Td (—) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 287.55 138.17 Td (22) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 57.00 127.17 Td (T) Tj ET Q q 0 0 0 rg BT 60.49 127.17 Td (otal fee-based) Tj ET Q BT /F7 6.50 Tf ET q 0 0 0 rg BT 61.50 120.67 Td (client assets) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 126.00 121.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 151.50 121.32 Td (1,045) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 173.00 121.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 183.95 121.32 Td (1) Tj ET Q q 0 0 0 rg BT 187.57 121.32 Td (10) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 200.00 121.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 217.40 121.32 Td (\(75) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 226.80 121.32 Td (\)) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 232.00 121.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 249.15 121.32 Td (4) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 258.00 121.32 Td ($) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 278.50 121.32 Td (1,084) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.50 Tf ET q 0 0 0 rg BT 324.00 722.85 Td (A) Tj ET Q q 0 0 0 rg BT 329.82 722.85 Td (verage Fee Rates) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 399.76 726.90 Td (3) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 692.35 m 460.5 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 692.35 m 499.5 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 692.35 m 533.5 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 692.35 m 567.5 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 680.35 m 421.5 680.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 680.35 m 460.5 680.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 680.35 m 499.5 680.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 692.35 m 533.5 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 680.35 m 533.5 680.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 692.35 m 567.5 692.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 680.35 m 567.5 680.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 680.35 m 533.5 680.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 680.35 m 567.5 680.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 668.35 m 421.5 668.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 668.35 m 460.5 668.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 668.35 m 499.5 668.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 668.35 m 533.5 668.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 668.35 m 567.5 668.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 656.35 m 421.5 656.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 656.35 m 460.5 656.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 656.35 m 499.5 656.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 656.35 m 533.5 656.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 656.35 m 567.5 656.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 644.35 m 421.5 644.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 644.35 m 460.5 644.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 644.35 m 499.5 644.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 644.35 m 533.5 644.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 644.35 m 567.5 644.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 632.35 m 421.5 632.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 632.35 m 460.5 632.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 632.35 m 499.5 632.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 632.35 m 533.5 632.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 632.35 m 567.5 632.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 620.35 m 421.5 620.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 608.35 m 421.5 608.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 620.35 m 460.5 620.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 608.35 m 460.5 608.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 620.35 m 499.5 620.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 608.35 m 499.5 608.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 620.35 m 533.5 620.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 608.35 m 533.5 608.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 620.35 m 567.5 620.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 608.35 m 567.5 608.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 589.35 m 421.5 589.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 589.35 m 460.5 589.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 589.35 m 499.5 589.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 589.35 m 533.5 589.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 533.5 589.35 m 567.5 589.35 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.00 696.58 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 424.95 703.94 Td (Three Months Ended) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 445.60 696.44 Td (June 30,) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 502.55 703.94 Td (Six Months Ended) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 518.60 696.44 Td (June 30,) Tj ET Q BT /F8 6.50 Tf ET q 0 0 0 rg BT 327.00 684.22 Td (Fee rate in bps) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 432.15 684.39 Td (2019) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 471.15 684.39 Td (2018) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 507.65 684.39 Td (2019) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 541.65 684.39 Td (2018) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 327.00 672.39 Td (Separately managed) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 449.15 672.39 Td (15) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 488.10 672.39 Td (16) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 522.10 672.39 Td (15) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.15 672.39 Td (16) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 327.00 660.39 Td (Unified managed) Tj ET Q BT /F6 7.50 Tf ET BT /F6 4.87 Tf ET q 0 0 0 rg BT 383.71 663.97 Td (2) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 444.95 660.39 Td (100) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 488.10 660.39 Td (99) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 517.95 660.39 Td (101) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.15 660.39 Td (99) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 327.00 648.39 Td (Advisor) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 449.15 648.39 Td (87) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 488.10 648.39 Td (84) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 522.10 648.39 Td (87) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.15 648.39 Td (85) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 327.00 636.39 Td (Portfolio manager) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 449.15 636.39 Td (94) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 488.10 636.39 Td (96) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 522.10 636.39 Td (95) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.15 636.39 Td (96) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 327.00 624.39 Td (Subtotal) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 449.15 624.39 Td (75) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 488.10 624.39 Td (77) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 522.10 624.39 Td (74) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.15 624.39 Td (76) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 327.00 612.39 Td (Cash management) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 453.30 612.39 Td (6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 492.25 612.39 Td (6) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 526.25 612.39 Td (6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 560.30 612.39 Td (6) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 327.00 600.39 Td (T) Tj ET Q q 0 0 0 rg BT 330.75 600.39 Td (otal fee-based client) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 331.50 592.89 Td (assets) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 449.15 593.44 Td (74) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 488.10 593.44 Td (75) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 522.10 593.44 Td (73) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 556.15 593.44 Td (75) Tj ET Q BT /F1 10.00 Tf ET BT /F6 7.50 Tf ET q 0 0 0 rg BT 324.00 568.85 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 568.85 Td (Includes ) Tj ET Q q 0 0 0 rg BT 366.44 568.85 Td (non-custody ) Tj ET Q q 0 0 0 rg BT 412.81 568.85 Td (account ) Tj ET Q q 0 0 0 rg BT 444.58 568.85 Td (values ) Tj ET Q q 0 0 0 rg BT 471.77 568.85 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 507.71 568.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 528.22 568.85 Td (quarter-end ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 559.85 Td (balances ) Tj ET Q q 0 0 0 rg BT 366.16 559.85 Td (due ) Tj ET Q q 0 0 0 rg BT 381.81 559.85 Td (to ) Tj ET Q q 0 0 0 rg BT 391.20 559.85 Td (a ) Tj ET Q q 0 0 0 rg BT 398.50 559.85 Td (lag ) Tj ET Q q 0 0 0 rg BT 411.65 559.85 Td (in ) Tj ET Q q 0 0 0 rg BT 420.62 559.85 Td (the ) Tj ET Q q 0 0 0 rg BT 434.18 559.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 466.92 559.85 Td (of ) Tj ET Q q 0 0 0 rg BT 476.30 559.85 Td (asset ) Tj ET Q q 0 0 0 rg BT 497.37 559.85 Td (values ) Tj ET Q q 0 0 0 rg BT 522.18 559.85 Td (by ) Tj ET Q q 0 0 0 rg BT 533.24 559.85 Td (third-party ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 550.85 Td (custodians.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 324.00 541.85 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 541.85 Td (Includes ) Tj ET Q q 0 0 0 rg BT 362.62 541.85 Td (Mutual ) Tj ET Q q 0 0 0 rg BT 386.81 541.85 Td (fund ) Tj ET Q q 0 0 0 rg BT 403.08 541.85 Td (advisory ) Tj ET Q q 0 0 0 rg BT 432.69 541.85 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 466.47 541.85 Td (Prior ) Tj ET Q q 0 0 0 rg BT 483.99 541.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 510.27 541.85 Td (have ) Tj ET Q q 0 0 0 rg BT 528.21 541.85 Td (been ) Tj ET Q q 0 0 0 rg BT 546.58 541.85 Td (recast ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 532.85 Td (to ) Tj ET Q q 0 0 0 rg BT 341.34 532.85 Td (conform ) Tj ET Q q 0 0 0 rg BT 370.52 532.85 Td (to ) Tj ET Q q 0 0 0 rg BT 378.86 532.85 Td (the ) Tj ET Q q 0 0 0 rg BT 391.37 532.85 Td (current ) Tj ET Q q 0 0 0 rg BT 416.79 532.85 Td (presentation.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 324.00 523.85 Td (3. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 523.85 Td (The ) Tj ET Q q 0 0 0 rg BT 348.55 523.85 Td (calculation ) Tj ET Q q 0 0 0 rg BT 386.61 523.85 Td (of ) Tj ET Q q 0 0 0 rg BT 395.49 523.85 Td (average ) Tj ET Q q 0 0 0 rg BT 425.22 523.85 Td (fee ) Tj ET Q q 0 0 0 rg BT 438.27 523.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 457.57 523.85 Td (was ) Tj ET Q q 0 0 0 rg BT 473.54 523.85 Td (changed ) Tj ET Q q 0 0 0 rg BT 504.94 523.85 Td (in ) Tj ET Q q 0 0 0 rg BT 513.40 523.85 Td (the ) Tj ET Q q 0 0 0 rg BT 526.45 523.85 Td (current ) Tj ET Q q 0 0 0 rg BT 552.42 523.85 Td (year ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 514.85 Td (period ) Tj ET Q q 0 0 0 rg BT 357.53 514.85 Td (to ) Tj ET Q q 0 0 0 rg BT 367.48 514.85 Td (more ) Tj ET Q q 0 0 0 rg BT 388.25 514.85 Td (closely ) Tj ET Q q 0 0 0 rg BT 414.86 514.85 Td (align ) Tj ET Q q 0 0 0 rg BT 434.39 514.85 Td (with ) Tj ET Q q 0 0 0 rg BT 451.41 514.85 Td (the ) Tj ET Q q 0 0 0 rg BT 465.53 514.85 Td (recognition ) Tj ET Q q 0 0 0 rg BT 505.90 514.85 Td (of ) Tj ET Q q 0 0 0 rg BT 515.84 514.85 Td (the ) Tj ET Q q 0 0 0 rg BT 529.96 514.85 Td (related ) Tj ET Q q 0 0 0 rg BT 556.58 514.85 Td (fee ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 333.00 505.85 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 364.27 505.85 Td (Prior ) Tj ET Q q 0 0 0 rg BT 382.19 505.85 Td (period ) Tj ET Q q 0 0 0 rg BT 405.13 505.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 423.88 505.85 Td (were ) Tj ET Q q 0 0 0 rg BT 442.22 505.85 Td (not ) Tj ET Q q 0 0 0 rg BT 454.74 505.85 Td (changed ) Tj ET Q q 0 0 0 rg BT 485.60 505.85 Td (due ) Tj ET Q q 0 0 0 rg BT 500.20 505.85 Td (to ) Tj ET Q q 0 0 0 rg BT 508.54 505.85 Td (immateriality) Tj ET Q q 0 0 0 rg BT 550.07 505.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 483.85 Td (For ) Tj ET Q q 0 0 0 rg BT 341.40 483.85 Td (a ) Tj ET Q q 0 0 0 rg BT 349.35 483.85 Td (description ) Tj ET Q q 0 0 0 rg BT 397.30 483.85 Td (of ) Tj ET Q q 0 0 0 rg BT 409.14 483.85 Td (fee-based ) Tj ET Q q 0 0 0 rg BT 450.95 483.85 Td (client ) Tj ET Q q 0 0 0 rg BT 476.68 483.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 503.52 483.85 Td (and ) Tj ET Q q 0 0 0 rg BT 521.47 483.85 Td (rollforward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 471.85 Td (items ) Tj ET Q q 0 0 0 rg BT 348.68 471.85 Td (in ) Tj ET Q q 0 0 0 rg BT 359.47 471.85 Td (the ) Tj ET Q q 0 0 0 rg BT 374.71 471.85 Td (previous ) Tj ET Q q 0 0 0 rg BT 412.16 471.85 Td (tables, ) Tj ET Q q 0 0 0 rg BT 441.00 471.85 Td (see ) Tj ET Q q 0 0 0 rg BT 456.78 471.85 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.22 471.85 Td (Management’) Tj ET Q q 0 0 0 rg BT 516.20 471.85 Td (s ) Tj ET Q q 0 0 0 rg BT 523.11 471.85 Td (Discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 459.85 Td (and ) Tj ET Q q 0 0 0 rg BT 339.63 459.85 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 376.17 459.85 Td (of ) Tj ET Q q 0 0 0 rg BT 386.03 459.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 424.77 459.85 Td (Condition ) Tj ET Q q 0 0 0 rg BT 466.31 459.85 Td (and ) Tj ET Q q 0 0 0 rg BT 482.28 459.85 Td (Results ) Tj ET Q q 0 0 0 rg BT 513.27 459.85 Td (of ) Tj ET Q q 0 0 0 rg BT 523.13 459.85 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 447.85 Td (—Business ) Tj ET Q q 0 0 0 rg BT 377.60 447.85 Td (Segments—W) Tj ET Q q 0 0 0 rg BT 435.12 447.85 Td (ealth ) Tj ET Q q 0 0 0 rg BT 462.59 447.85 Td (Management—Fee-Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 435.85 Td (Client ) Tj ET Q q 0 0 0 rg BT 350.39 435.85 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 435.85 Td (” ) Tj ET Q q 0 0 0 rg BT 383.44 435.85 Td (in ) Tj ET Q q 0 0 0 rg BT 393.72 435.85 Td (the ) Tj ET Q q 0 0 0 rg BT 408.44 435.85 Td (2018 ) Tj ET Q q 0 0 0 rg BT 430.94 435.85 Td (Form ) Tj ET Q q 0 0 0 rg BT 455.11 435.85 Td (10-K.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I41 Do 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 720.90 Td (Investment Management) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 700.70 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 169 671.2 m 210 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 671.2 m 251 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 657.2 m 169 657.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 671.2 m 210 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 657.2 m 210 657.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 671.2 m 251 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 657.2 m 251 657.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 657.2 m 295 657.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 657.2 m 295 657.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 633.2 m 210 633.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 633.2 m 251 633.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 633.2 m 295 633.2 l s 0.8235294117647058 0.8235294117647058 0.8235294117647058 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 633.2 m 169 633.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 621.2 m 295 621.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 621.2 m 169 621.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 621.2 m 210 621.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 621.2 m 251 621.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 621.2 m 295 621.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 609.2 m 169 609.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 597.2 m 169 597.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 609.2 m 210 609.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 597.2 m 210 597.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 609.2 m 251 609.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 597.2 m 251 597.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 609.2 m 295 609.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 597.2 m 295 597.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 585.2 m 169 585.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 585.2 m 210 585.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 585.2 m 251 585.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 585.2 m 295 585.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 573.2 m 169 573.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 573.2 m 210 573.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 573.2 m 251 573.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 573.2 m 295 573.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 561.2 m 169 561.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 549.2 m 169 549.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 561.2 m 210 561.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 549.2 m 210 549.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 561.2 m 251 561.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 549.2 m 251 549.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 561.2 m 295 561.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 549.2 m 295 549.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 537.2 m 169 537.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 537.2 m 210 537.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 537.2 m 251 537.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 537.2 m 295 537.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 525.2 m 169 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 525.2 m 210 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 525.2 m 251 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 525.2 m 295 525.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 513.2 m 169 513.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 501.2 m 169 501.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 513.2 m 210 513.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 501.2 m 210 501.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 513.2 m 251 513.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 501.2 m 251 501.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 513.2 m 295 513.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 501.2 m 295 501.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 489.2 m 169 489.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 489.2 m 210 489.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 489.2 m 251 489.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 489.2 m 295 489.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 489.2 m 251 489.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 460.2 m 251 460.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 460.2 m 169 460.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 448.2 m 169 448.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 460.2 m 210 460.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 448.2 m 210 448.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 460.2 m 251 460.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 448.2 m 251 448.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 460.2 m 295 460.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 448.2 m 295 448.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 436.2 m 169 436.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 417.2 m 169 417.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 436.2 m 210 436.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 417.2 m 210 417.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 436.2 m 251 436.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 417.2 m 251 417.2 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 436.2 m 295 436.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 417.2 m 295 417.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 396.2 m 169 396.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 169 396.2 m 210 396.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 210 396.2 m 251 396.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 251 396.2 m 295 396.2 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 675.20 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 172.10 681.88 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 194.15 673.88 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.50 675.43 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 661.15 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 180.10 661.43 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 221.10 661.43 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.80 661.43 Td (% Change) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 648.88 Td (Revenues) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 636.88 Td (Investment banking) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 171.50 637.24 Td ($) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 200.10 637.24 Td (\(1) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 206.80 637.24 Td (\)) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 212.50 637.24 Td ($) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 240.25 637.24 Td (—) Tj ET Q BT /F7 7.50 Tf ET q 0 0 0 rg BT 277.75 637.24 Td (N/M) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 624.88 Td (T) Tj ET Q q 0 0 0 rg BT 57.24 624.88 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.65 624.88 Td (\(1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.80 624.88 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 624.88 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 624.88 Td (16) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 268.65 624.93 Td (\(106) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 624.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 612.88 Td (Investments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 612.88 Td (247) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 612.88 Td (55) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.80 612.88 Td (N/M) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 600.88 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 600.88 Td (612) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 600.88 Td (610) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.65 600.88 Td (—) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 600.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 588.88 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.65 588.88 Td (\(9) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.80 588.88 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 243.35 588.88 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.80 588.88 Td (N/M) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 576.88 Td (T) Tj ET Q q 0 0 0 rg BT 56.94 576.88 Td (otal non-interest revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 576.88 Td (848) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 576.88 Td (684) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 576.93 Td (24) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 576.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 564.88 Td (Interest income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 202.35 564.88 Td (6) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 564.88 Td (17) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 564.88 Td (\(65) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 564.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 552.88 Td (Interest expense) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.90 552.88 Td (15) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 552.88 Td (10) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 552.93 Td (50) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 552.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 540.88 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.65 540.88 Td (\(9) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.80 540.88 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 243.35 540.88 Td (7) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.80 540.88 Td (N/M) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 528.88 Td (Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 528.88 Td (839) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 528.88 Td (691) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 528.93 Td (21) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 528.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 516.88 Td (Compensation and benefits) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 516.88 Td (360) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 516.88 Td (272) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 516.93 Td (32) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 516.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 504.88 Td (Non-compensation expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 504.88 Td (280) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 504.88 Td (279) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.65 504.88 Td (—) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 504.88 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 492.88 Td (T) Tj ET Q q 0 0 0 rg BT 56.79 492.88 Td (otal non-interest expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 492.88 Td (640) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 492.88 Td (551) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 492.93 Td (16) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 492.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 480.43 Td (Income from continuing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 472.43 Td (operations before income) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 464.43 Td (taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 464.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 464.43 Td (199) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 464.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 464.43 Td (140) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 464.48 Td (42) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 464.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 451.88 Td (Provision for income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.90 451.88 Td (44) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 451.88 Td (36) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 451.93 Td (22) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 451.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 439.88 Td (Net income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 439.88 Td (155) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 439.88 Td (104) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 439.93 Td (49) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 439.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 427.88 Td (Net income applicable to) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 419.88 Td (noncontrolling interests) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.90 421.43 Td (27) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 239.75 421.43 Td (—) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.80 421.43 Td (N/M) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 408.43 Td (Net income applicable to) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 400.43 Td (Morgan Stanley) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 400.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 400.43 Td (128) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 400.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 400.43 Td (104) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 400.48 Td (23) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 400.43 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 169 367.20000000000005 m 210 367.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 367.20000000000005 m 251 367.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 353.20000000000005 m 169 353.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 367.20000000000005 m 210 367.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 353.20000000000005 m 210 353.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 367.20000000000005 m 251 367.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 353.20000000000005 m 251 353.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 353.20000000000005 m 295 353.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 329.20000000000005 m 295 329.20000000000005 l s 0.8235294117647058 0.8235294117647058 0.8235294117647058 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 329.20000000000005 m 169 329.20000000000005 l s 0.8235294117647058 0.8235294117647058 0.8235294117647058 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 329.20000000000005 m 210 329.20000000000005 l s 0.8235294117647058 0.8235294117647058 0.8235294117647058 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 329.20000000000005 m 251 329.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 317.20000000000005 m 295 317.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 317.20000000000005 m 169 317.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 317.20000000000005 m 210 317.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 305.20000000000005 m 210 305.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 317.20000000000005 m 251 317.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 317.20000000000005 m 295 317.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 305.20000000000005 m 169 305.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 293.20000000000005 m 169 293.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 305.20000000000005 m 210 305.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 293.20000000000005 m 210 293.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 305.20000000000005 m 251 305.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 293.20000000000005 m 251 293.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 305.20000000000005 m 295 305.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 293.20000000000005 m 295 293.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 281.20000000000005 m 169 281.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 281.20000000000005 m 210 281.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 281.20000000000005 m 251 281.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 281.20000000000005 m 295 281.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 269.20000000000005 m 169 269.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 269.20000000000005 m 210 269.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 269.20000000000005 m 251 269.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 269.20000000000005 m 295 269.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 269.20000000000005 m 210 269.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 269.20000000000005 m 251 269.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 257.20000000000005 m 169 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 245.20000000000005 m 169 245.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 257.20000000000005 m 210 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 245.20000000000005 m 210 245.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 257.20000000000005 m 251 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 245.20000000000005 m 251 245.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 257.20000000000005 m 295 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 245.20000000000005 m 295 245.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 233.20000000000005 m 169 233.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 233.20000000000005 m 210 233.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 233.20000000000005 m 251 233.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 233.20000000000005 m 295 233.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 221.20000000000005 m 169 221.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 221.20000000000005 m 210 221.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 221.20000000000005 m 251 221.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 221.20000000000005 m 295 221.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 221.20000000000005 m 210 221.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 221.20000000000005 m 251 221.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 209.20000000000005 m 169 209.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 197.20000000000005 m 169 197.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 209.20000000000005 m 210 209.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 197.20000000000005 m 210 197.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 209.20000000000005 m 251 209.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 197.20000000000005 m 251 197.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 209.20000000000005 m 295 209.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 197.20000000000005 m 295 197.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 185.20000000000005 m 169 185.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 185.20000000000005 m 210 185.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 185.20000000000005 m 251 185.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 185.20000000000005 m 295 185.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 185.20000000000005 m 210 185.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 185.20000000000005 m 251 185.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 156.20000000000005 m 169 156.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 144.20000000000005 m 169 144.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 156.20000000000005 m 210 156.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 144.20000000000005 m 210 144.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 156.20000000000005 m 251 156.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 144.20000000000005 m 251 144.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 156.20000000000005 m 295 156.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 144.20000000000005 m 295 144.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 132.20000000000005 m 169 132.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 113.20000000000005 m 169 113.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 132.20000000000005 m 210 132.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 169 113.20000000000005 m 210 113.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 132.20000000000005 m 251 132.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 113.20000000000005 m 251 113.20000000000005 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 132.20000000000005 m 295 132.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 113.20000000000005 m 295 113.20000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 92.20000000000005 m 169 92.20000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 169 92.20000000000005 m 210 92.20000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 210 92.20000000000005 m 251 92.20000000000005 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 251 92.20000000000005 m 295 92.20000000000005 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 52.50 371.20 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 177.00 377.88 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 194.15 369.88 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.50 371.43 Td ( ) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 357.15 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 180.10 357.43 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 221.10 357.43 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 253.80 357.43 Td (% Change) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 344.88 Td (Revenues) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 332.88 Td (Investment banking) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 332.88 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.65 332.88 Td (\(1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.80 332.88 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 332.88 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 239.75 332.88 Td (—) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.80 332.88 Td (N/M) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 320.88 Td (T) Tj ET Q q 0 0 0 rg BT 57.24 320.88 Td (rading) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.65 320.88 Td (\(4) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.80 320.88 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 320.88 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 320.88 Td (21) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 268.65 320.93 Td (\(1) Tj ET Q q 0 0 0 rg BT 275.76 320.93 Td (19) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 320.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 308.88 Td (Investments) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 308.88 Td (438) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 308.88 Td (132) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.80 308.88 Td (N/M) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 296.88 Td (Asset management) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 296.88 Td (1,229) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 296.93 Td (1,236) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.55 296.93 Td (\(1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 296.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 284.88 Td (Other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 199.65 284.88 Td (\(6) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.80 284.88 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 284.88 Td (13) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 268.65 284.93 Td (\(146) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 284.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 272.88 Td (T) Tj ET Q q 0 0 0 rg BT 56.94 272.88 Td (otal non-interest revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 272.88 Td (1,656) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 272.93 Td (1,402) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 272.93 Td (18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 272.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 260.88 Td (Interest income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.90 260.88 Td (10) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 260.88 Td (18) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 273.10 260.88 Td (\(44) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 260.88 Td (\)%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 248.88 Td (Interest expense) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.90 248.88 Td (23) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 248.88 Td (1) Tj ET Q q 0 0 0 rg BT 243.30 248.88 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 271.35 248.88 Td (109) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 248.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 236.88 Td (Net interest) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 195.20 236.88 Td (\(13) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 206.80 236.88 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 243.35 236.88 Td (7) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.80 236.88 Td (N/M) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 224.88 Td (Net revenues) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 224.88 Td (1,643) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 224.93 Td (1,409) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 224.93 Td (17) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 224.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 212.88 Td (Compensation and benefits) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 212.88 Td (730) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 212.88 Td (576) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 212.93 Td (27) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 212.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 200.88 Td (Non-compensation expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 200.88 Td (540) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 200.88 Td (545) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 277.55 200.93 Td (\(1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 284.70 200.88 Td (\)%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 188.88 Td (T) Tj ET Q q 0 0 0 rg BT 56.79 188.88 Td (otal non-interest expenses) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 186.75 188.88 Td (1,270) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.75 188.93 Td (1,121) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 188.93 Td (13) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 188.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 176.43 Td (Income from continuing) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 168.43 Td (operations before income) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 160.43 Td (taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 160.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 160.43 Td (373) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 160.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 160.43 Td (288) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 160.48 Td (30) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 160.43 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 147.88 Td (Provision for income taxes) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.90 147.88 Td (77) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 238.85 147.88 Td (55) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 147.93 Td (40) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 147.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 135.88 Td (Net income) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 135.88 Td (296) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 135.88 Td (233) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 135.93 Td (27) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 135.88 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 123.88 Td (Net income applicable to) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 115.88 Td (noncontrolling interests) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 197.90 117.43 Td (32) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 243.35 117.43 Td (2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 276.80 117.43 Td (N/M) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 104.43 Td (Net income applicable to) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 57.00 96.43 Td (Morgan Stanley) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 171.50 96.43 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 193.45 96.43 Td (264) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 212.50 96.43 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.45 96.43 Td (231) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 275.80 96.48 Td (14) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 287.35 96.43 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 321.75 722.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 339.24 722.25 Td (Revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 701.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 680.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 373.13 680.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 397.30 680.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.69 680.25 Td ($247 ) Tj ET Q q 0 0 0 rg BT 431.75 680.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.64 680.25 Td ( ) Tj ET Q q 0 0 0 rg BT 463.70 680.25 Td (in ) Tj ET Q q 0 0 0 rg BT 474.54 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.81 680.25 Td (current ) Tj ET Q q 0 0 0 rg BT 521.19 680.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 552.56 680.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 668.25 Td ($438 ) Tj ET Q q 0 0 0 rg BT 345.43 668.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.32 668.25 Td ( ) Tj ET Q q 0 0 0 rg BT 378.00 668.25 Td (in ) Tj ET Q q 0 0 0 rg BT 389.45 668.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.34 668.25 Td (current ) Tj ET Q q 0 0 0 rg BT 437.34 668.25 Td (year ) Tj ET Q q 0 0 0 rg BT 458.22 668.25 Td (period ) Tj ET Q q 0 0 0 rg BT 487.44 668.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 530.54 668.25 Td (with ) Tj ET Q q 0 0 0 rg BT 552.00 668.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 668.25 Td (55 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 656.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.64 656.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.95 656.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.70 656.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.70 656.25 Td (132 ) Tj ET Q q 0 0 0 rg BT 389.01 656.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.90 656.25 Td (, ) Tj ET Q q 0 0 0 rg BT 421.71 656.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 469.37 656.25 Td (, ) Tj ET Q q 0 0 0 rg BT 473.18 656.25 Td (in ) Tj ET Q q 0 0 0 rg BT 482.27 656.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.80 656.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 516.55 656.25 Td (year ) Tj ET Q q 0 0 0 rg BT 535.06 656.25 Td (periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 644.25 Td (The ) Tj ET Q q 0 0 0 rg BT 339.44 644.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 378.22 644.25 Td (in ) Tj ET Q q 0 0 0 rg BT 388.14 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.50 644.25 Td (current ) Tj ET Q q 0 0 0 rg BT 432.96 644.25 Td (year ) Tj ET Q q 0 0 0 rg BT 452.31 644.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 483.89 644.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 511.56 644.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 539.25 644.25 Td (carried ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 632.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.40 632.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.05 632.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 434.14 632.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 463.46 632.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.64 632.25 Td (Asia ) Tj ET Q q 0 0 0 rg BT 504.18 632.25 Td (private ) Tj ET Q q 0 0 0 rg BT 540.16 632.25 Td (equity) Tj ET Q q 0 0 0 rg BT 564.50 632.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 620.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 377.60 620.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.03 620.25 Td (real ) Tj ET Q q 0 0 0 rg BT 411.01 620.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 435.76 620.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 459.97 620.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 501.38 620.25 Td (with ) Tj ET Q q 0 0 0 rg BT 521.15 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.36 620.25 Td (reversal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.34 608.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 378.82 608.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 413.16 608.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 444.18 608.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 476.87 608.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.91 608.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 517.65 608.25 Td (Asia ) Tj ET Q q 0 0 0 rg BT 539.25 608.25 Td (private ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 596.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 349.25 596.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 373.97 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 384.25 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.96 596.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 420.90 596.25 Td (year ) Tj ET Q q 0 0 0 rg BT 440.61 596.25 Td (periods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 575.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 345.92 575.25 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 554.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 347.83 554.25 Td (management ) Tj ET Q q 0 0 0 rg BT 402.78 554.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 442.17 554.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.36 554.25 Td ($612 ) Tj ET Q q 0 0 0 rg BT 478.22 554.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.11 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 510.97 554.25 Td (in ) Tj ET Q q 0 0 0 rg BT 522.61 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.69 554.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 542.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 354.02 542.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.42 542.25 Td ($1,229 ) Tj ET Q q 0 0 0 rg BT 403.88 542.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.77 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.72 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 448.46 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.63 542.25 Td (current ) Tj ET Q q 0 0 0 rg BT 496.91 542.25 Td (year ) Tj ET Q q 0 0 0 rg BT 518.07 542.25 Td (period ) Tj ET Q q 0 0 0 rg BT 547.57 542.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 530.25 Td (relatively ) Tj ET Q q 0 0 0 rg BT 362.01 530.25 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 407.82 530.25 Td (from ) Tj ET Q q 0 0 0 rg BT 429.76 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.48 530.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 466.42 530.25 Td (year ) Tj ET Q q 0 0 0 rg BT 486.13 530.25 Td (periods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 509.25 Td (See ) Tj ET Q q 0 0 0 rg BT 338.69 509.25 Td (“Assets ) Tj ET Q q 0 0 0 rg BT 371.74 509.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 399.23 509.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 453.93 509.25 Td (or ) Tj ET Q q 0 0 0 rg BT 464.76 509.25 Td (Supervision” ) Tj ET Q q 0 0 0 rg BT 519.48 509.25 Td (herein.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 321.75 488.25 Td (Non-inter) Tj ET Q q 0 0 0 rg BT 363.23 488.25 Td (est ) Tj ET Q q 0 0 0 rg BT 377.39 488.25 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 467.25 Td (Non-interest ) Tj ET Q q 0 0 0 rg BT 374.90 467.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 414.17 467.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.66 467.25 Td ($640 ) Tj ET Q q 0 0 0 rg BT 448.83 467.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.72 467.25 Td ( ) Tj ET Q q 0 0 0 rg BT 480.88 467.25 Td (in ) Tj ET Q q 0 0 0 rg BT 491.83 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.21 467.25 Td (current ) Tj ET Q q 0 0 0 rg BT 538.69 467.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 455.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.22 455.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.22 455.25 Td (1,270 ) Tj ET Q q 0 0 0 rg BT 369.75 455.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.64 455.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.67 455.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.48 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.73 455.25 Td (current ) Tj ET Q q 0 0 0 rg BT 459.08 455.25 Td (year ) Tj ET Q q 0 0 0 rg BT 479.32 455.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.89 455.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 455.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.68 455.25 Td (16%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 443.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.30 443.25 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.63 443.25 Td (, ) Tj ET Q q 0 0 0 rg BT 363.24 443.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 410.90 443.25 Td (, ) Tj ET Q q 0 0 0 rg BT 416.51 443.25 Td (from ) Tj ET Q q 0 0 0 rg BT 439.06 443.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.38 443.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 476.93 443.25 Td (year ) Tj ET Q q 0 0 0 rg BT 497.25 443.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 529.79 443.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 431.25 Td (as ) Tj ET Q q 0 0 0 rg BT 332.58 431.25 Td (a ) Tj ET Q q 0 0 0 rg BT 339.52 431.25 Td (result ) Tj ET Q q 0 0 0 rg BT 364.24 431.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.07 431.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 403.11 431.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 463.39 431.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.32 431.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 514.48 431.25 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.75 419.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 407.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 407.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 389.98 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.88 407.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 439.00 407.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.56 407.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.31 407.25 Td ( ) Tj ET Q q 0 0 0 rg BT 515.77 407.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.01 407.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 407.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 395.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 363.75 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.87 395.25 Td (current ) Tj ET Q q 0 0 0 rg BT 415.86 395.25 Td (year ) Tj ET Q q 0 0 0 rg BT 437.75 395.25 Td (period ) Tj ET Q q 0 0 0 rg BT 467.98 395.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 509.88 395.25 Td (due ) Tj ET Q q 0 0 0 rg BT 529.00 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 541.46 395.25 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 383.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 367.48 383.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 426.44 383.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 470.95 383.25 Td (with ) Tj ET Q q 0 0 0 rg BT 492.15 383.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 523.32 383.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 558.67 383.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 371.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 368.00 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.19 371.25 Td (current ) Tj ET Q q 0 0 0 rg BT 412.47 371.25 Td (year ) Tj ET Q q 0 0 0 rg BT 431.65 371.25 Td (period ) Tj ET Q q 0 0 0 rg BT 459.17 371.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 490.57 371.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 529.19 371.25 Td (in ) Tj ET Q q 0 0 0 rg BT 538.94 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 553.13 371.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 359.25 Td (value ) Tj ET Q q 0 0 0 rg BT 353.87 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.66 359.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 412.89 359.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.13 359.25 Td (which ) Tj ET Q q 0 0 0 rg BT 448.03 359.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 476.70 359.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 511.46 359.25 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 347.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 354.36 347.25 Td (are ) Tj ET Q q 0 0 0 rg BT 369.07 347.25 Td (referenced.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 323.25 Td (• ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 323.25 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 409.10 323.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 447.45 323.25 Td (in ) Tj ET Q q 0 0 0 rg BT 457.49 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.96 323.25 Td (current ) Tj ET Q q 0 0 0 rg BT 502.53 323.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 533.10 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 323.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 311.25 Td (period ) Tj ET Q q 0 0 0 rg BT 358.80 311.25 Td (were ) Tj ET Q q 0 0 0 rg BT 380.73 311.25 Td (relatively ) Tj ET Q q 0 0 0 rg BT 420.98 311.25 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 466.80 311.25 Td (from ) Tj ET Q q 0 0 0 rg BT 488.74 311.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 510.68 311.25 Td (year ) Tj ET Q q 0 0 0 rg BT 530.38 311.25 Td (periods.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I42 Do 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 722.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 78.67 722.25 Td (Under) Tj ET Q q 0 0 0 rg BT 105.71 722.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.21 722.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 166.80 722.25 Td (or) Tj ET Q q 0 0 0 rg BT 176.06 722.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.56 722.25 Td (Supervision) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 702.05 Td (Rollforwards) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 664.55 m 106 664.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 664.55 m 153 664.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 664.55 m 180 664.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 664.55 m 213 664.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 664.55 m 240 664.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 664.55 m 263 664.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 664.55 m 295 664.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 653.55 m 106 653.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 642.55 m 106 642.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 653.55 m 153 653.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 642.55 m 153 642.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 653.55 m 180 653.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 642.55 m 180 642.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 653.55 m 213 653.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 642.55 m 213 642.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 653.55 m 240 653.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 642.55 m 240 642.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 653.55 m 263 653.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 642.55 m 263 642.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 653.55 m 295 653.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 642.55 m 295 642.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 631.55 m 106 631.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 631.55 m 153 631.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 631.55 m 180 631.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 631.55 m 213 631.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 631.55 m 240 631.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 631.55 m 263 631.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 631.55 m 295 631.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 614.55 m 106 614.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 614.55 m 153 614.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 614.55 m 180 614.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 614.55 m 213 614.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 614.55 m 240 614.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 614.55 m 263 614.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 614.55 m 295 614.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 603.55 m 106 603.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 603.55 m 153 603.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 603.55 m 180 603.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 603.55 m 213 603.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 603.55 m 240 603.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 603.55 m 263 603.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 603.55 m 295 603.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 592.55 m 106 592.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 106 592.55 m 153 592.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 153 592.55 m 180 592.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 180 592.55 m 213 592.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 213 592.55 m 240 592.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 240 592.55 m 263 592.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263 592.55 m 295 592.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 592.55 m 106 592.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 575.55 m 106 575.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 106 592.55 m 153 592.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 575.55 m 153 575.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 575.55 m 180 575.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 575.55 m 213 575.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 575.55 m 240 575.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 575.55 m 263 575.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263 592.55 m 295 592.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 575.55 m 295 575.55 l s BT /F8 5.00 Tf ET q 0 0 0 rg BT 52.50 668.11 Td ($ in billions) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 126.15 680.33 Td (At) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 115.65 674.33 Td (March 31, ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 122.30 668.33 Td (2019) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 156.65 668.33 Td (Inflows) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 184.30 668.33 Td (Outflows) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.80 674.33 Td (Market) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.95 668.33 Td (Impact) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 243.45 668.33 Td (Other) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 275.30 680.33 Td (At) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 266.45 674.33 Td (June 30,) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 271.80 668.33 Td (2019) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 657.33 Td (Equity) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 108.50 657.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 140.45 657.33 Td (120) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 155.50 657.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 174.15 657.33 Td (9) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 182.50 657.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 205.15 657.33 Td (\(7) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 657.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 215.50 657.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 234.15 657.33 Td (6) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 242.50 657.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 254.45 657.33 Td (—) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 265.50 657.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 282.45 657.33 Td (128) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 646.33 Td (Fixed income) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 143.80 646.33 Td (68) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 174.15 646.33 Td (5) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 205.15 646.33 Td (\(4) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 646.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 234.15 646.33 Td (2) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 254.45 646.33 Td (—) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 285.80 646.33 Td (71) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 635.33 Td (Alternative/Other) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 140.45 635.33 Td (133) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 174.15 635.33 Td (7) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 205.15 635.33 Td (\(6) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 635.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 234.15 635.33 Td (1) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 254.45 635.33 Td (—) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 282.45 635.33 Td (135) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 624.68 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 81.18 624.68 Td (AUM) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 57.00 618.68 Td (subtotal) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 140.45 618.33 Td (321) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 170.80 618.33 Td (21) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 201.75 618.33 Td (\(17) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 618.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 234.15 618.33 Td (9) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 254.45 618.33 Td (—) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 282.45 618.33 Td (334) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 607.33 Td (Liquidity) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 140.45 607.33 Td (159) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 167.45 607.33 Td (31) Tj ET Q q 0 0 0 rg BT 174.12 607.33 Td (1) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 198.45 607.33 Td (\(307) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 607.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 234.15 607.33 Td (1) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 255.15 607.33 Td (\(1) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 260.50 607.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 282.45 607.33 Td (163) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 52.50 596.68 Td (T) Tj ET Q q 0 0 0 rg BT 55.72 596.68 Td (otal ) Tj ET Q q 0 0 0 rg BT 67.83 596.68 Td (AUM) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 108.50 596.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 140.45 596.33 Td (480) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 155.50 596.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 167.45 596.33 Td (332) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 182.50 596.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 198.45 596.33 Td (\(324) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 596.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 215.50 596.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 230.75 596.33 Td (10) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 242.50 596.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 255.15 596.33 Td (\(1) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 260.50 596.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 265.50 596.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 282.45 596.33 Td (497) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 585.33 Td (Shares of minority) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 57.00 579.33 Td (stake assets) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 147.15 579.33 Td (6) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 155.50 579.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 182.50 579.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 215.50 579.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 242.50 579.33 Td ( ) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 289.15 579.33 Td (6) 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 50 542.55 m 113 542.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 542.55 m 159 542.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 542.55 m 184 542.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 542.55 m 214 542.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 542.55 m 239 542.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 542.55 m 263 542.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 542.55 m 295 542.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 531.55 m 113 531.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 520.55 m 113 520.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 531.55 m 159 531.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 520.55 m 159 520.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 531.55 m 184 531.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 520.55 m 184 520.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 531.55 m 214 531.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 520.55 m 214 520.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 531.55 m 239 531.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 520.55 m 239 520.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 531.55 m 263 531.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 520.55 m 263 520.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 531.55 m 295 531.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 520.55 m 295 520.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 509.55 m 113 509.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 509.55 m 159 509.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 509.55 m 184 509.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 509.55 m 214 509.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 509.55 m 239 509.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 509.55 m 263 509.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 509.55 m 295 509.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 492.55 m 113 492.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 492.55 m 159 492.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 492.55 m 184 492.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 492.55 m 214 492.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 492.55 m 239 492.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 492.55 m 263 492.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 492.55 m 295 492.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 481.55 m 113 481.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 481.55 m 159 481.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 481.55 m 184 481.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 481.55 m 214 481.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 481.55 m 239 481.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 481.55 m 263 481.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 481.55 m 295 481.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 470.55 m 113 470.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 113 470.55 m 159 470.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 159 470.55 m 184 470.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 184 470.55 m 214 470.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 214 470.55 m 239 470.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 239 470.55 m 263 470.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 263 470.55 m 295 470.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 453.55 m 113 453.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 453.55 m 159 453.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 453.55 m 184 453.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 453.55 m 214 453.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 453.55 m 239 453.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 453.55 m 263 453.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 453.55 m 295 453.55 l s BT /F8 5.00 Tf ET q 0 0 0 rg BT 52.50 546.11 Td ($ in billions) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 132.65 558.33 Td (At) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 122.15 552.33 Td (March 31, ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 128.80 546.33 Td (2018) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 161.65 546.33 Td (Inflows) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 186.80 546.33 Td (Outflows) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.80 552.33 Td (Market) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.95 546.33 Td (Impact) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 242.95 546.33 Td (Other) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 275.65 558.33 Td (At) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 266.95 552.33 Td (June 30,) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 271.80 546.33 Td (2018) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 535.33 Td (Equity) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 115.50 535.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 146.40 535.33 Td (109) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 161.50 535.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 174.80 535.33 Td (10) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 186.50 535.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 206.15 535.33 Td (\(7) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 535.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.50 535.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 233.15 535.33 Td (3) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 241.50 535.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 255.15 535.33 Td (\(1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 260.50 535.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 265.50 535.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.45 535.33 Td (1) Tj ET Q q 0 0 0 rg BT 285.79 535.33 Td (14) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 524.33 Td (Fixed income) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 149.80 524.33 Td (72) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 178.15 524.33 Td (7) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 206.15 524.33 Td (\(7) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 524.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 231.15 524.33 Td (\(1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 236.50 524.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 255.15 524.33 Td (\(2) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 260.50 524.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 285.80 524.33 Td (69) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 513.33 Td (Alternative/Other) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 146.40 513.33 Td (131) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 178.15 513.33 Td (6) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 206.15 513.33 Td (\(4) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 513.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 233.15 513.33 Td (1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 255.15 513.33 Td (\(2) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 260.50 513.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.45 513.33 Td (132) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 502.68 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 81.18 502.68 Td (AUM) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 57.00 496.68 Td (subtotal) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 146.40 496.33 Td (312) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 174.80 496.33 Td (23) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 202.75 496.33 Td (\(18) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 496.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 233.15 496.33 Td (3) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 255.15 496.33 Td (\(5) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 260.50 496.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.45 496.33 Td (315) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 485.33 Td (Liquidity) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 146.40 485.33 Td (157) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 171.45 485.33 Td (375) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 199.45 485.33 Td (\(373) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 485.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 233.15 485.33 Td (1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 255.15 485.33 Td (\(1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 260.50 485.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.45 485.33 Td (159) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 52.50 474.68 Td (T) Tj ET Q q 0 0 0 rg BT 55.72 474.68 Td (otal ) Tj ET Q q 0 0 0 rg BT 67.83 474.68 Td (AUM) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 146.40 474.33 Td (469) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 171.45 474.33 Td (398) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 199.45 474.33 Td (\(391) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 474.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 233.15 474.33 Td (4) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 255.15 474.33 Td (\(6) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 260.50 474.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.45 474.33 Td (474) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 463.33 Td (Shares of minority) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 57.00 457.33 Td (stake assets) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 153.15 457.33 Td (7) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 161.50 457.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 186.50 457.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.50 457.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 241.50 457.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 289.15 457.33 Td (7) 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 50 416.55 m 106 416.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 416.55 m 153 416.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 416.55 m 295 416.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 416.55 m 180 416.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 416.55 m 213 416.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 416.55 m 240 416.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 416.55 m 263 416.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 405.55 m 106 405.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 394.55 m 106 394.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 405.55 m 153 405.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 394.55 m 153 394.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 405.55 m 180 405.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 394.55 m 180 394.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 405.55 m 213 405.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 394.55 m 213 394.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 405.55 m 240 405.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 394.55 m 240 394.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 405.55 m 263 405.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 394.55 m 263 394.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 405.55 m 295 405.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 394.55 m 295 394.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 383.55 m 106 383.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 383.55 m 153 383.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 383.55 m 180 383.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 383.55 m 213 383.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 383.55 m 240 383.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 383.55 m 263 383.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 383.55 m 295 383.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 366.55 m 106 366.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 366.55 m 295 366.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 355.55 m 106 355.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 366.55 m 153 366.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 355.55 m 153 355.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 366.55 m 180 366.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 355.55 m 180 355.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 366.55 m 213 366.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 355.55 m 213 355.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 366.55 m 240 366.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 355.55 m 240 355.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 366.55 m 263 366.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 355.55 m 263 355.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 355.55 m 295 355.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 344.55 m 106 344.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 106 344.55 m 153 344.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 153 344.55 m 180 344.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 180 344.55 m 213 344.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 213 344.55 m 240 344.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 240 344.55 m 263 344.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263 344.55 m 295 344.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 327.55 m 106 327.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 106 344.55 m 153 344.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 106 327.55 m 153 327.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 327.55 m 180 327.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180 327.55 m 213 327.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 327.55 m 240 327.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 327.55 m 263 327.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263 344.55 m 295 344.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 327.55 m 295 327.55 l s BT /F8 5.00 Tf ET q 0 0 0 rg BT 52.50 420.11 Td ($ in billions) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 126.15 432.33 Td (At) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 110.15 426.33 Td (December 31,) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 122.30 420.33 Td (2018) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 156.65 420.33 Td (Inflows) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 184.30 420.33 Td (Outflows) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.80 426.33 Td (Market) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.95 420.33 Td (Impact) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 243.45 420.33 Td (Other) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 275.30 432.33 Td (At) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 266.45 426.33 Td (June 30,) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 271.80 420.33 Td (2019) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 409.33 Td (Equity) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 108.50 409.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 140.45 409.33 Td (103) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 155.50 409.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 170.80 409.33 Td (18) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 182.50 409.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 201.75 409.33 Td (\(15) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 409.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 215.50 409.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 230.75 409.33 Td (22) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 242.50 409.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 254.45 409.33 Td (—) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 265.50 409.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 282.45 409.33 Td (128) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 398.33 Td (Fixed income) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 143.80 398.33 Td (68) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 170.80 398.33 Td (1) Tj ET Q q 0 0 0 rg BT 174.14 398.33 Td (1) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 201.75 398.33 Td (\(1) Tj ET Q q 0 0 0 rg BT 207.08 398.33 Td (1) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 398.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 234.15 398.33 Td (3) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 254.45 398.33 Td (—) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 285.80 398.33 Td (71) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 387.33 Td (Alternative/Other) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 140.45 387.33 Td (128) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 170.80 387.33 Td (12) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 201.75 387.33 Td (\(10) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 387.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 234.15 387.33 Td (6) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 255.15 387.33 Td (\(1) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 260.50 387.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 282.45 387.33 Td (135) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 376.68 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 81.18 376.68 Td (AUM) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 57.00 370.68 Td (subtotal) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 140.45 370.33 Td (299) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 170.80 370.33 Td (41) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 201.75 370.33 Td (\(36) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 370.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 230.75 370.33 Td (31) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 255.15 370.33 Td (\(1) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 260.50 370.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 282.45 370.33 Td (334) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 359.33 Td (Liquidity) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 140.45 359.33 Td (164) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 167.45 359.33 Td (654) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 198.45 359.33 Td (\(655) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 359.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 234.15 359.33 Td (2) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 255.15 359.33 Td (\(2) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 260.50 359.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 282.45 359.33 Td (163) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 52.50 348.68 Td (T) Tj ET Q q 0 0 0 rg BT 55.72 348.68 Td (otal ) Tj ET Q q 0 0 0 rg BT 67.83 348.68 Td (AUM) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 108.50 348.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 140.45 348.33 Td (463) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 155.50 348.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 167.45 348.33 Td (695) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 182.50 348.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 198.45 348.33 Td (\(691) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 210.50 348.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 215.50 348.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 230.75 348.33 Td (33) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 242.50 348.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 255.15 348.33 Td (\(3) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 260.50 348.33 Td (\)) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 265.50 348.33 Td ($) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 282.45 348.33 Td (497) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 337.33 Td (Shares of minority) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 57.00 331.33 Td (stake assets) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 147.15 331.33 Td (7) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 155.50 331.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 182.50 331.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 215.50 331.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 242.50 331.33 Td ( ) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 289.15 331.33 Td (6) 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 50 294.54999999999995 m 113 294.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 294.54999999999995 m 159 294.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 294.54999999999995 m 184 294.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 294.54999999999995 m 214 294.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 294.54999999999995 m 239 294.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 294.54999999999995 m 263 294.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 294.54999999999995 m 295 294.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 294.54999999999995 m 184 294.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 294.54999999999995 m 214 294.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 294.54999999999995 m 239 294.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 294.54999999999995 m 263 294.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 283.54999999999995 m 113 283.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 272.54999999999995 m 113 272.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 283.54999999999995 m 159 283.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 272.54999999999995 m 159 272.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 283.54999999999995 m 184 283.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 272.54999999999995 m 184 272.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 283.54999999999995 m 214 283.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 272.54999999999995 m 214 272.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 283.54999999999995 m 239 283.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 272.54999999999995 m 239 272.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 283.54999999999995 m 263 283.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 272.54999999999995 m 263 272.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 283.54999999999995 m 295 283.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 272.54999999999995 m 295 272.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 261.54999999999995 m 113 261.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 261.54999999999995 m 159 261.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 261.54999999999995 m 184 261.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 261.54999999999995 m 214 261.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 261.54999999999995 m 239 261.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 261.54999999999995 m 263 261.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 261.54999999999995 m 295 261.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 244.54999999999995 m 113 244.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 244.54999999999995 m 159 244.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 244.54999999999995 m 295 244.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 233.54999999999995 m 113 233.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 233.54999999999995 m 159 233.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 244.54999999999995 m 184 244.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 233.54999999999995 m 184 233.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 244.54999999999995 m 214 244.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 233.54999999999995 m 214 233.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 244.54999999999995 m 239 244.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 233.54999999999995 m 239 233.54999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 244.54999999999995 m 263 244.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 233.54999999999995 m 263 233.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 233.54999999999995 m 295 233.54999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 50 222.54999999999995 m 113 222.54999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 113 222.54999999999995 m 159 222.54999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 159 222.54999999999995 m 184 222.54999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 184 222.54999999999995 m 214 222.54999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 214 222.54999999999995 m 239 222.54999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 239 222.54999999999995 m 263 222.54999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 263 222.54999999999995 m 295 222.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 205.54999999999995 m 113 205.54999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 113 222.54999999999995 m 159 222.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 113 205.54999999999995 m 159 205.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 159 205.54999999999995 m 184 205.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 205.54999999999995 m 214 205.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214 205.54999999999995 m 239 205.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 205.54999999999995 m 263 205.54999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 263 222.54999999999995 m 295 222.54999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263 205.54999999999995 m 295 205.54999999999995 l s BT /F8 5.00 Tf ET q 0 0 0 rg BT 52.50 298.11 Td ($ in billions) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 132.65 310.33 Td (At) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 116.65 304.33 Td (December 31,) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 128.80 298.33 Td (2017) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 161.65 298.33 Td (Inflows) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 186.80 298.33 Td (Outflows) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.80 304.33 Td (Market) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.95 298.33 Td (Impact) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 241.90 298.33 Td (Other) Tj ET Q BT /F6 6.00 Tf ET BT /F6 3.90 Tf ET q 0 0 0 rg BT 256.91 301.19 Td (1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 275.65 310.33 Td (At) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 266.95 304.33 Td (June 30,) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 271.80 298.33 Td (2018) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 287.33 Td (Equity) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 115.50 287.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 146.40 287.33 Td (105) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 161.50 287.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 174.80 287.33 Td (20) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 186.50 287.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 202.75 287.33 Td (\(14) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 287.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.50 287.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 233.15 287.33 Td (3) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 241.50 287.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 254.45 287.33 Td (—) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 265.50 287.33 Td ($) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.45 287.33 Td (1) Tj ET Q q 0 0 0 rg BT 285.79 287.33 Td (14) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 276.33 Td (Fixed income) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 149.80 276.33 Td (73) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 174.80 276.33 Td (14) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 202.75 276.33 Td (\(16) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 276.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 231.15 276.33 Td (\(1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 236.50 276.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 255.15 276.33 Td (\(1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 260.50 276.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 285.80 276.33 Td (69) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 265.33 Td (Alternative/Other) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 146.40 265.33 Td (128) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 174.80 265.33 Td (1) Tj ET Q q 0 0 0 rg BT 178.14 265.33 Td (1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 206.15 265.33 Td (\(9) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 265.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 233.15 265.33 Td (1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 257.15 265.33 Td (1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.45 265.33 Td (132) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 254.68 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 81.18 254.68 Td (AUM) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 57.00 248.68 Td (subtotal) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 146.40 248.33 Td (306) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 174.80 248.33 Td (45) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 202.75 248.33 Td (\(39) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 248.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 233.15 248.33 Td (3) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 254.45 248.33 Td (—) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.45 248.33 Td (315) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 237.33 Td (Liquidity) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 146.40 237.33 Td (176) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 171.45 237.33 Td (700) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 199.45 237.33 Td (\(717) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 237.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 233.15 237.33 Td (1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 255.15 237.33 Td (\(1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 260.50 237.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.45 237.33 Td (159) Tj ET Q BT /F7 6.00 Tf ET q 0 0 0 rg BT 52.50 226.68 Td (T) Tj ET Q q 0 0 0 rg BT 55.72 226.68 Td (otal ) Tj ET Q q 0 0 0 rg BT 67.83 226.68 Td (AUM) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 146.40 226.33 Td (482) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 171.45 226.33 Td (745) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 199.45 226.33 Td (\(756) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 211.50 226.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 233.15 226.33 Td (4) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 255.15 226.33 Td (\(1) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 260.50 226.33 Td (\)) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 282.45 226.33 Td (474) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 52.50 215.33 Td (Shares of minority) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 57.00 209.33 Td (stake assets) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 153.15 209.33 Td (7) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 161.50 209.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 186.50 209.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 216.50 209.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 241.50 209.33 Td ( ) Tj ET Q BT /F6 6.00 Tf ET q 0 0 0 rg BT 289.15 209.33 Td (7) Tj ET Q BT /F1 10.00 Tf ET BT /F6 5.50 Tf ET q 0 0 0 rg BT 49.50 189.85 Td (1. ) Tj ET Q BT /F6 5.50 Tf ET q 0 0 0 rg BT 58.50 189.85 Td (Includes the impact of the Mesa W) Tj ET Q q 0 0 0 rg BT 142.78 189.85 Td (est Capital, LLC acquisition.) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 321.75 701.60 Td (A) Tj ET Q q 0 0 0 rg BT 327.23 701.60 Td (verage ) Tj ET Q q 0 0 0 rg BT 354.95 701.60 Td (AUM) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.25 672.1 m 464.25 672.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.25 672.1 m 501.25 672.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 672.1 m 534.25 672.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 672.1 m 567.25 672.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 660.1 m 427.25 660.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.25 672.1 m 464.25 672.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.25 660.1 m 464.25 660.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.25 672.1 m 501.25 672.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.25 660.1 m 501.25 660.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 672.1 m 534.25 672.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 660.1 m 534.25 660.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 672.1 m 567.25 672.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 660.1 m 567.25 660.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 648.1 m 427.25 648.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 636.1 m 427.25 636.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.25 648.1 m 464.25 648.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.25 636.1 m 464.25 636.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.25 648.1 m 501.25 648.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.25 636.1 m 501.25 636.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 648.1 m 534.25 648.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 636.1 m 534.25 636.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 648.1 m 567.25 648.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 636.1 m 567.25 636.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 624.1 m 427.25 624.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.25 624.1 m 464.25 624.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.25 624.1 m 501.25 624.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 612.1 m 427.25 612.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.25 612.1 m 464.25 612.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.25 612.1 m 501.25 612.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 624.1 m 534.25 624.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 612.1 m 534.25 612.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 624.1 m 567.25 624.1 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 612.1 m 567.25 612.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 600.1 m 427.25 600.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.25 600.1 m 464.25 600.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.25 600.1 m 501.25 600.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 600.1 m 534.25 600.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 600.1 m 567.25 600.1 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 588.1 m 427.25 588.1 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 427.25 588.1 m 464.25 588.1 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 464.25 588.1 m 501.25 588.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 600.1 m 534.25 600.1 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 588.1 m 534.25 588.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 600.1 m 567.25 600.1 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 588.1 m 567.25 588.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 576.1 m 427.25 576.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.25 576.1 m 464.25 576.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.25 576.1 m 501.25 576.1 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 588.1 m 534.25 588.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.25 576.1 m 534.25 576.1 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 588.1 m 567.25 588.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 534.25 576.1 m 567.25 576.1 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 676.10 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 431.05 683.10 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 450.30 676.10 Td (June 30,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 505.30 683.10 Td (Six Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 520.30 676.10 Td (June 30,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 324.75 664.05 Td ($ in billions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 437.45 664.10 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 474.45 664.10 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 509.45 664.10 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.45 664.10 Td (2018) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 652.10 Td (Equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 429.75 652.10 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 449.70 652.10 Td (123) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 466.75 652.10 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.70 652.10 Td (1) Tj ET Q q 0 0 0 rg BT 490.59 652.10 Td (1) Tj ET Q q 0 0 0 rg BT 494.49 652.10 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 503.75 652.10 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 519.70 652.10 Td (1) Tj ET Q q 0 0 0 rg BT 523.59 652.10 Td (17) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 536.75 652.10 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 552.70 652.10 Td (1) Tj ET Q q 0 0 0 rg BT 556.59 652.10 Td (10) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 640.10 Td (Fixed income) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 453.60 640.10 Td (69) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 490.60 640.10 Td (71) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 523.60 640.10 Td (69) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 556.60 640.10 Td (72) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 628.10 Td (Alternative/Other) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 449.70 628.10 Td (134) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.70 628.10 Td (131) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 519.70 628.10 Td (132) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 552.70 628.10 Td (130) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 616.10 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 358.40 616.10 Td (AUM subtotal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 449.70 616.10 Td (326) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.70 616.10 Td (313) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 519.70 616.10 Td (318) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 552.70 616.10 Td (312) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 604.10 Td (Liquidity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 449.70 604.10 Td (163) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.70 604.10 Td (161) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 519.70 604.10 Td (164) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 552.70 604.10 Td (163) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 324.75 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 328.51 592.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 342.64 592.10 Td (AUM) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 429.75 592.10 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 449.70 592.10 Td (489) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.70 592.10 Td (474) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 503.75 592.10 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 519.70 592.10 Td (482) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 552.70 592.10 Td (475) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 580.10 Td (Shares of minority stake assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 457.50 580.10 Td (6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 494.50 580.10 Td (7) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 527.50 580.10 Td (6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 560.50 580.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET BT /F7 8.00 Tf ET q 0 0 0 rg BT 321.75 555.00 Td (A) Tj ET Q q 0 0 0 rg BT 327.23 555.00 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 428.25 523.5 m 465.25 523.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 523.5 m 502.25 523.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.25 523.5 m 535.25 523.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 523.5 m 567.25 523.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 511.5 m 428.25 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.25 511.5 m 465.25 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 511.5 m 502.25 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.25 523.5 m 535.25 523.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.25 511.5 m 535.25 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 523.5 m 567.25 523.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 511.5 m 567.25 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.25 511.5 m 535.25 511.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 511.5 m 567.25 511.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 498.5 m 428.25 498.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.25 498.5 m 465.25 498.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 498.5 m 502.25 498.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.25 498.5 m 535.25 498.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 498.5 m 567.25 498.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 485.5 m 428.25 485.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.25 485.5 m 465.25 485.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 485.5 m 502.25 485.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.25 485.5 m 535.25 485.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 485.5 m 567.25 485.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 472.5 m 428.25 472.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.25 472.5 m 465.25 472.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 472.5 m 502.25 472.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.25 472.5 m 535.25 472.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 472.5 m 567.25 472.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 459.5 m 428.25 459.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 446.5 m 428.25 446.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.25 459.5 m 465.25 459.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.25 446.5 m 465.25 446.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 459.5 m 502.25 459.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 446.5 m 502.25 446.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.25 459.5 m 535.25 459.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.25 446.5 m 535.25 446.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 459.5 m 567.25 459.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 446.5 m 567.25 446.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 433.5 m 428.25 433.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 428.25 433.5 m 465.25 433.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 433.5 m 502.25 433.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.25 433.5 m 535.25 433.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 535.25 433.5 m 567.25 433.5 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 527.50 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 432.05 534.50 Td (Three Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 451.30 527.50 Td (June 30,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 505.80 534.50 Td (Six Months Ended) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 520.80 527.50 Td (June 30,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 324.75 515.45 Td (Fee rate in bps) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 438.45 515.50 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 475.45 515.50 Td (2018) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.45 515.50 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.95 515.50 Td (2018) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 502.50 Td (Equity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 454.60 502.50 Td (75) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 490.95 502.50 Td (77) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 524.60 502.50 Td (76) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 555.95 502.50 Td (76) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 489.50 Td (Fixed income) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 454.60 489.50 Td (33) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 490.95 489.50 Td (33) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 524.60 489.50 Td (32) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 555.95 489.50 Td (34) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 476.50 Td (Alternative/Other) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 454.60 476.50 Td (64) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 490.95 476.50 Td (67) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 524.60 476.50 Td (66) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 555.95 476.50 Td (67) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 463.50 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 358.40 463.50 Td (AUM) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 454.60 463.50 Td (62) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 490.95 463.50 Td (63) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 524.60 463.50 Td (62) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 555.95 463.50 Td (63) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 450.50 Td (Liquidity) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 454.60 450.50 Td (17) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 490.95 450.50 Td (18) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 524.60 450.50 Td (17) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 555.95 450.50 Td (18) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 324.75 437.50 Td (T) Tj ET Q q 0 0 0 rg BT 328.25 437.50 Td (otal ) Tj ET Q q 0 0 0 rg BT 341.09 437.50 Td (AUM) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 454.60 437.50 Td (47) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 490.95 437.50 Td (47) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 524.60 437.50 Td (47) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 555.95 437.50 Td (47) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 412.00 Td (For ) Tj ET Q q 0 0 0 rg BT 338.17 412.00 Td (a ) Tj ET Q q 0 0 0 rg BT 345.14 412.00 Td (description ) Tj ET Q q 0 0 0 rg BT 392.11 412.00 Td (of ) Tj ET Q q 0 0 0 rg BT 402.97 412.00 Td (the ) Tj ET Q q 0 0 0 rg BT 417.72 412.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 439.69 412.00 Td (classes ) Tj ET Q q 0 0 0 rg BT 469.99 412.00 Td (and ) Tj ET Q q 0 0 0 rg BT 486.96 412.00 Td (rollforward ) Tj ET Q q 0 0 0 rg BT 535.03 412.00 Td (items ) Tj ET Q q 0 0 0 rg BT 559.23 412.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 400.00 Td (the ) Tj ET Q q 0 0 0 rg BT 340.36 400.00 Td (previous ) Tj ET Q q 0 0 0 rg BT 381.19 400.00 Td (tables, ) Tj ET Q q 0 0 0 rg BT 413.41 400.00 Td (see ) Tj ET Q q 0 0 0 rg BT 432.57 400.00 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.01 400.00 Td (Management’) Tj ET Q q 0 0 0 rg BT 491.99 400.00 Td (s ) Tj ET Q q 0 0 0 rg BT 502.28 400.00 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 552.56 400.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 388.00 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 359.41 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 370.40 388.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 410.27 388.00 Td (Condition ) Tj ET Q q 0 0 0 rg BT 452.93 388.00 Td (and ) Tj ET Q q 0 0 0 rg BT 470.03 388.00 Td (Results ) Tj ET Q q 0 0 0 rg BT 502.14 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 513.12 388.00 Td (Operations—) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 376.00 Td (Business ) Tj ET Q q 0 0 0 rg BT 371.34 376.00 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.22 376.00 Td (—Investment ) Tj ET Q q 0 0 0 rg BT 478.68 376.00 Td (Management—Assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 364.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 349.24 364.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 403.94 364.00 Td (or ) Tj ET Q q 0 0 0 rg BT 414.77 364.00 Td (Supervision” ) Tj ET Q q 0 0 0 rg BT 469.49 364.00 Td (in ) Tj ET Q q 0 0 0 rg BT 479.77 364.00 Td (the ) Tj ET Q q 0 0 0 rg BT 494.48 364.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 516.98 364.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 541.15 364.00 Td (10-K.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.75 354.40 Td ( ) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I43 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 12.00 Tf ET q 0 0 0 rg BT 49.50 720.90 Td (Supplemental Financial Information and) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 706.50 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 97.28 706.50 Td (es) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 684.50 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.48 684.50 Td (T) Tj ET Q q 0 0 0 rg BT 89.23 684.50 Td (ax Matters) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 49.50 664.30 Td (Effective T) Tj ET Q q 0 0 0 rg BT 91.86 664.30 Td (ax Rate from Continuing Operations) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 137 632.8 m 178 632.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178 632.8 m 219 632.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 632.8 m 257 632.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 632.8 m 295 632.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 620.8 m 137 620.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 137 620.8 m 178 620.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178 620.8 m 219 620.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 620.8 m 257 620.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 620.8 m 295 620.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 137 620.8 m 178 620.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 137 607.8 m 178 607.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 607.8 m 137 607.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 578.8 m 137 578.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 137 607.8 m 178 607.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 137 578.8 m 178 578.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178 607.8 m 219 607.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178 578.8 m 219 578.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 607.8 m 257 607.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 578.8 m 257 578.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 607.8 m 295 607.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 578.8 m 295 578.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 551.8 m 137 551.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 538.8 m 137 538.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 137 551.8 m 178 551.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 137 538.8 m 178 538.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178 551.8 m 219 551.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 178 538.8 m 219 538.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 551.8 m 257 551.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 219 538.8 m 257 538.8 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 551.8 m 295 551.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 538.8 m 295 538.8 l s BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 637.03 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 140.10 645.03 Td (Three Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 162.15 637.03 Td (June 30,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 224.00 645.03 Td (Six Months Ended) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 241.15 637.03 Td (June 30,) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 52.50 624.75 Td ($ in millions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 148.10 624.48 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 189.10 624.48 Td (2018) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 228.60 624.48 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 266.60 624.48 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 612.48 Td (U.S. GAAP) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 154.75 612.03 Td (22.6) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 170.35 612.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 195.75 612.03 Td (20.6) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 211.35 612.03 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 233.75 612.03 Td (19.5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 249.35 612.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 271.75 612.03 Td (20.7) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 287.35 612.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 599.03 Td (Adjusted ef) Tj ET Q q 0 0 0 rg BT 92.38 599.03 Td (fective ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 591.03 Td (income tax rate—) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 57.00 583.03 Td (non-GAAP) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 95.24 586.84 Td (1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 154.75 583.03 Td (22.6) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 170.35 583.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 195.75 583.03 Td (23.4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 211.35 583.03 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 233.75 583.03 Td (21.3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 249.35 583.03 Td (%) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 271.75 583.03 Td (22.1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 287.35 583.03 Td (%) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 52.50 569.03 Td (Net discrete tax provisions/\(benefits\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 556.03 Td (Recurring) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 87.18 559.84 Td (2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 139.50 556.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 158.75 556.03 Td (\(20) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 170.35 556.03 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 180.50 556.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 199.75 556.03 Td (\(17) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 211.35 556.03 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 221.50 556.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 233.25 556.03 Td (\(127) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 249.35 556.03 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 259.50 556.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 271.30 556.08 Td (\(164) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 287.35 556.03 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 52.50 543.03 Td (Intermittent) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 92.52 546.84 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 139.50 543.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 162.35 543.03 Td (—) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 180.50 543.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 199.75 543.03 Td (\(88) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 211.35 543.03 Td (\)) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 221.50 543.03 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 233.25 543.03 Td (\(101) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 249.35 543.03 Td (\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 259.50 543.03 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 275.75 543.03 Td (\(88) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 287.35 543.03 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 5.00 Tf ET q 0 0 0 rg BT 49.50 533.30 Td ( ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 524.30 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 524.30 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 89.24 524.30 Td (ef) Tj ET Q q 0 0 0 rg BT 95.36 524.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 118.60 524.30 Td (income ) Tj ET Q q 0 0 0 rg BT 144.33 524.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 155.89 524.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 170.37 524.30 Td (is ) Tj ET Q q 0 0 0 rg BT 177.34 524.30 Td (a ) Tj ET Q q 0 0 0 rg BT 183.07 524.30 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 218.79 524.30 Td ( ) Tj ET Q q 0 0 0 rg BT 220.34 524.30 Td (measure ) Tj ET Q q 0 0 0 rg BT 251.08 524.30 Td (that ) Tj ET Q q 0 0 0 rg BT 265.15 524.30 Td (excludes ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 515.30 Td (net ) Tj ET Q q 0 0 0 rg BT 71.60 515.30 Td (discrete ) Tj ET Q q 0 0 0 rg BT 100.53 515.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 113.21 515.30 Td (provisions ) Tj ET Q q 0 0 0 rg BT 149.64 515.30 Td (\(benefits\) ) Tj ET Q q 0 0 0 rg BT 183.58 515.30 Td (that ) Tj ET Q q 0 0 0 rg BT 198.76 515.30 Td (are ) Tj ET Q q 0 0 0 rg BT 212.27 515.30 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 252.04 515.30 Td (and ) Tj ET Q q 0 0 0 rg BT 267.23 515.30 Td (includes ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 506.30 Td (those ) Tj ET Q q 0 0 0 rg BT 79.81 506.30 Td (that ) Tj ET Q q 0 0 0 rg BT 95.28 506.30 Td (are ) Tj ET Q q 0 0 0 rg BT 109.08 506.30 Td (recurring ) Tj ET Q q 0 0 0 rg BT 141.64 506.30 Td (\("Recurring"\). ) Tj ET Q q 0 0 0 rg BT 189.52 506.30 Td (For ) Tj ET Q q 0 0 0 rg BT 203.73 506.30 Td (further ) Tj ET Q q 0 0 0 rg BT 228.37 506.30 Td (information ) Tj ET Q q 0 0 0 rg BT 268.44 506.30 Td (on ) Tj ET Q q 0 0 0 rg BT 279.74 506.30 Td (non-) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 497.30 Td (GAAP) Tj ET Q q 0 0 0 rg BT 79.21 497.30 Td ( ) Tj ET Q q 0 0 0 rg BT 84.17 497.30 Td (measures, ) Tj ET Q q 0 0 0 rg BT 124.14 497.30 Td (see ) Tj ET Q q 0 0 0 rg BT 141.19 497.30 Td (“) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 143.69 497.30 Td (Selected ) Tj ET Q q 0 0 0 rg BT 177.84 497.30 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 214.80 497.30 Td ( ) Tj ET Q q 0 0 0 rg BT 219.76 497.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 254.73 497.30 Td (Information) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 292.25 497.30 Td (” ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 488.30 Td (herein.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 479.30 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 479.30 Td (Provision ) Tj ET Q q 0 0 0 rg BT 92.04 479.30 Td (or ) Tj ET Q q 0 0 0 rg BT 101.40 479.30 Td (\(benefits\) ) Tj ET Q q 0 0 0 rg BT 135.36 479.30 Td (related ) Tj ET Q q 0 0 0 rg BT 160.98 479.30 Td (to ) Tj ET Q q 0 0 0 rg BT 169.93 479.30 Td (conversion ) Tj ET Q q 0 0 0 rg BT 208.90 479.30 Td (of ) Tj ET Q q 0 0 0 rg BT 217.84 479.30 Td (employee ) Tj ET Q q 0 0 0 rg BT 253.06 479.30 Td (share-based ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 470.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 84.75 470.30 Td (are ) Tj ET Q q 0 0 0 rg BT 97.66 470.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 130.17 470.30 Td (to ) Tj ET Q q 0 0 0 rg BT 138.50 470.30 Td (occur ) Tj ET Q q 0 0 0 rg BT 158.91 470.30 Td (every ) Tj ET Q q 0 0 0 rg BT 179.32 470.30 Td (year ) Tj ET Q q 0 0 0 rg BT 195.98 470.30 Td (and ) Tj ET Q q 0 0 0 rg BT 210.57 470.30 Td (are ) Tj ET Q q 0 0 0 rg BT 223.48 470.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 262.24 470.30 Td (Recurring ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 461.30 Td (discrete ) Tj ET Q q 0 0 0 rg BT 86.85 461.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 98.94 461.30 Td (items.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 49.50 452.30 Td (3. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 452.30 Td (Includes ) Tj ET Q q 0 0 0 rg BT 89.26 452.30 Td (all ) Tj ET Q q 0 0 0 rg BT 99.58 452.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 112.41 452.30 Td (provisions ) Tj ET Q q 0 0 0 rg BT 148.99 452.30 Td (\(benefits\) ) Tj ET Q q 0 0 0 rg BT 183.08 452.30 Td (that ) Tj ET Q q 0 0 0 rg BT 198.41 452.30 Td (have ) Tj ET Q q 0 0 0 rg BT 217.49 452.30 Td (been ) Tj ET Q q 0 0 0 rg BT 237.00 452.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 277.34 452.30 Td (to ) Tj ET Q q 0 0 0 rg BT 286.42 452.30 Td (be ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 58.50 443.30 Td (discrete, ) Tj ET Q q 0 0 0 rg BT 88.93 443.30 Td (other ) Tj ET Q q 0 0 0 rg BT 108.11 443.30 Td (than ) Tj ET Q q 0 0 0 rg BT 124.79 443.30 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 159.39 443.30 Td (items ) Tj ET Q q 0 0 0 rg BT 179.39 443.30 Td (as ) Tj ET Q q 0 0 0 rg BT 189.40 443.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 216.09 443.30 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.30 Td (The ) Tj ET Q q 0 0 0 rg BT 66.50 419.30 Td (current ) Tj ET Q q 0 0 0 rg BT 96.27 419.30 Td (year ) Tj ET Q q 0 0 0 rg BT 114.93 419.30 Td (period, ) Tj ET Q q 0 0 0 rg BT 144.44 419.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 165.33 419.30 Td (year ) Tj ET Q q 0 0 0 rg BT 183.99 419.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 213.76 419.30 Td (and ) Tj ET Q q 0 0 0 rg BT 229.66 419.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 250.55 419.30 Td (year ) Tj ET Q q 0 0 0 rg BT 269.21 419.30 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.30 Td (include ) Tj ET Q q 0 0 0 rg BT 86.39 407.30 Td (intermittent ) Tj ET Q q 0 0 0 rg BT 140.51 407.30 Td (net ) Tj ET Q q 0 0 0 rg BT 160.19 407.30 Td (discrete ) Tj ET Q q 0 0 0 rg BT 198.74 407.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.42 407.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 257.54 407.30 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.30 Td (associated ) Tj ET Q q 0 0 0 rg BT 94.93 395.30 Td (with ) Tj ET Q q 0 0 0 rg BT 117.04 395.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.60 395.30 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 199.01 395.30 Td (of ) Tj ET Q q 0 0 0 rg BT 211.68 395.30 Td (reserves ) Tj ET Q q 0 0 0 rg BT 248.77 395.30 Td (and ) Tj ET Q q 0 0 0 rg BT 267.55 395.30 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 85.71 383.30 Td (due ) Tj ET Q q 0 0 0 rg BT 106.92 383.30 Td (to ) Tj ET Q q 0 0 0 rg BT 121.47 383.30 Td (new ) Tj ET Q q 0 0 0 rg BT 144.91 383.30 Td (information ) Tj ET Q q 0 0 0 rg BT 198.89 383.30 Td (with ) Tj ET Q q 0 0 0 rg BT 223.44 383.30 Td (regard ) Tj ET Q q 0 0 0 rg BT 255.76 383.30 Td (to ) Tj ET Q q 0 0 0 rg BT 270.31 383.30 Td (multi-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.30 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 97.55 371.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 112.27 371.30 Td (examinations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 349.30 Td (U.S. Bank Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 70.87 327.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 94.47 327.30 Td (bank ) Tj ET Q q 0 0 0 rg BT 119.73 327.30 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 175.27 327.30 Td (Mor) Tj ET Q q 0 0 0 rg BT 192.31 327.30 Td (gan ) Tj ET Q q 0 0 0 rg BT 212.56 327.30 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 248.38 327.30 Td (Bank ) Tj ET Q q 0 0 0 rg BT 275.31 327.30 Td (N.A. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.30 Td (\(“MSBNA”\) ) Tj ET Q q 0 0 0 rg BT 105.91 315.30 Td (and ) Tj ET Q q 0 0 0 rg BT 125.66 315.30 Td (Mor) Tj ET Q q 0 0 0 rg BT 142.71 315.30 Td (gan ) Tj ET Q q 0 0 0 rg BT 162.45 315.30 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 197.76 315.30 Td (Private ) Tj ET Q q 0 0 0 rg BT 231.40 315.30 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 260.32 315.30 Td (National ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.30 Td (Association ) Tj ET Q q 0 0 0 rg BT 108.27 303.30 Td (\(“MSPBNA”\) ) Tj ET Q q 0 0 0 rg BT 176.49 303.30 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 225.81 303.30 Td (, ) Tj ET Q q 0 0 0 rg BT 239.87 303.30 Td (“U.S. ) Tj ET Q q 0 0 0 rg BT 273.64 303.30 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.30 Td (Subsidiaries”\) ) Tj ET Q q 0 0 0 rg BT 110.84 291.30 Td (accept ) Tj ET Q q 0 0 0 rg BT 141.06 291.30 Td (deposit ) Tj ET Q q 0 0 0 rg BT 174.64 291.30 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 216.81 291.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 252.05 291.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 277.85 291.30 Td (to ) Tj ET Q q 0 0 0 rg BT 290.31 291.30 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.30 Td (variety ) Tj ET Q q 0 0 0 rg BT 81.11 279.30 Td (of ) Tj ET Q q 0 0 0 rg BT 93.28 279.30 Td (customers, ) Tj ET Q q 0 0 0 rg BT 140.17 279.30 Td (from ) Tj ET Q q 0 0 0 rg BT 163.45 279.30 Td (lar) Tj ET Q q 0 0 0 rg BT 173.81 279.30 Td (ge ) Tj ET Q q 0 0 0 rg BT 187.10 279.30 Td (corporate ) Tj ET Q q 0 0 0 rg BT 228.69 279.30 Td (and ) Tj ET Q q 0 0 0 rg BT 246.97 279.30 Td (institutional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.30 Td (clients ) Tj ET Q q 0 0 0 rg BT 78.35 267.30 Td (to ) Tj ET Q q 0 0 0 rg BT 88.88 267.30 Td (high ) Tj ET Q q 0 0 0 rg BT 109.40 267.30 Td (net ) Tj ET Q q 0 0 0 rg BT 124.37 267.30 Td (worth ) Tj ET Q q 0 0 0 rg BT 150.45 267.30 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 200.14 267.30 Td (and ) Tj ET Q q 0 0 0 rg BT 217.33 267.30 Td (invest ) Tj ET Q q 0 0 0 rg BT 243.96 267.30 Td (in ) Tj ET Q q 0 0 0 rg BT 254.49 267.30 Td (securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 255.30 Td (The ) Tj ET Q q 0 0 0 rg BT 68.18 255.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 101.32 255.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 140.55 255.30 Td (in ) Tj ET Q q 0 0 0 rg BT 151.47 255.30 Td (the ) Tj ET Q q 0 0 0 rg BT 166.82 255.30 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 218.29 255.30 Td (Securities ) Tj ET Q q 0 0 0 rg BT 260.86 255.30 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 243.30 Td (segment ) Tj ET Q q 0 0 0 rg BT 85.33 243.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 125.04 243.30 Td (include ) Tj ET Q q 0 0 0 rg BT 156.98 243.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 180.59 243.30 Td (and ) Tj ET Q q 0 0 0 rg BT 197.54 243.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 230.04 243.30 Td (commitments ) Tj ET Q q 0 0 0 rg BT 286.98 243.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 231.30 Td (corporate ) Tj ET Q q 0 0 0 rg BT 94.43 231.30 Td (clients. ) Tj ET Q q 0 0 0 rg BT 129.69 231.30 Td (The ) Tj ET Q q 0 0 0 rg BT 152.41 231.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 189.58 231.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 232.85 231.30 Td (in ) Tj ET Q q 0 0 0 rg BT 247.81 231.30 Td (the ) Tj ET Q q 0 0 0 rg BT 266.68 231.30 Td (W) Tj ET Q q 0 0 0 rg BT 275.32 231.30 Td (ealth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 219.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 105.32 219.30 Td (business ) Tj ET Q q 0 0 0 rg BT 142.83 219.30 Td (segment ) Tj ET Q q 0 0 0 rg BT 179.77 219.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 220.60 219.30 Td (include ) Tj ET Q q 0 0 0 rg BT 253.66 219.30 Td (securities-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 207.30 Td (based ) Tj ET Q q 0 0 0 rg BT 74.91 207.30 Td (lending, ) Tj ET Q q 0 0 0 rg BT 110.05 207.30 Td (which ) Tj ET Q q 0 0 0 rg BT 137.13 207.30 Td (allows ) Tj ET Q q 0 0 0 rg BT 165.88 207.30 Td (clients ) Tj ET Q q 0 0 0 rg BT 194.62 207.30 Td (to ) Tj ET Q q 0 0 0 rg BT 205.04 207.30 Td (borrow ) Tj ET Q q 0 0 0 rg BT 236.57 207.30 Td (money ) Tj ET Q q 0 0 0 rg BT 266.42 207.30 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.30 Td (the ) Tj ET Q q 0 0 0 rg BT 65.20 195.30 Td (value ) Tj ET Q q 0 0 0 rg BT 90.33 195.30 Td (of ) Tj ET Q q 0 0 0 rg BT 102.14 195.30 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 146.73 195.30 Td (securities, ) Tj ET Q q 0 0 0 rg BT 190.47 195.30 Td (and ) Tj ET Q q 0 0 0 rg BT 208.39 195.30 Td (residential ) Tj ET Q q 0 0 0 rg BT 253.52 195.30 Td (real ) Tj ET Q q 0 0 0 rg BT 271.99 195.30 Td (estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.30 Td (loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.30 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 161.30 Td (e ) Tj ET Q q 0 0 0 rg BT 65.35 161.30 Td (expect ) Tj ET Q q 0 0 0 rg BT 94.23 161.30 Td (our ) Tj ET Q q 0 0 0 rg BT 110.33 161.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 143.11 161.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 181.99 161.30 Td (to ) Tj ET Q q 0 0 0 rg BT 192.54 161.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 229.75 161.30 Td (to ) Tj ET Q q 0 0 0 rg BT 240.31 161.30 Td (grow ) Tj ET Q q 0 0 0 rg BT 263.64 161.30 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.30 Td (further ) Tj ET Q q 0 0 0 rg BT 80.67 149.30 Td (market ) Tj ET Q q 0 0 0 rg BT 112.39 149.30 Td (penetration ) Tj ET Q q 0 0 0 rg BT 161.33 149.30 Td (of ) Tj ET Q q 0 0 0 rg BT 173.61 149.30 Td (our ) Tj ET Q q 0 0 0 rg BT 190.90 149.30 Td (client ) Tj ET Q q 0 0 0 rg BT 217.07 149.30 Td (base. ) Tj ET Q q 0 0 0 rg BT 241.30 149.30 Td (For ) Tj ET Q q 0 0 0 rg BT 259.15 149.30 Td (a ) Tj ET Q q 0 0 0 rg BT 267.54 149.30 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.30 Td (discussion ) Tj ET Q q 0 0 0 rg BT 92.70 137.30 Td (of ) Tj ET Q q 0 0 0 rg BT 102.57 137.30 Td (our ) Tj ET Q q 0 0 0 rg BT 117.43 137.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 141.73 137.30 Td (risks, ) Tj ET Q q 0 0 0 rg BT 164.65 137.30 Td (see ) Tj ET Q q 0 0 0 rg BT 178.95 137.30 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.39 137.30 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 234.35 137.30 Td (and ) Tj ET Q q 0 0 0 rg BT 250.33 137.30 Td (Qualitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.30 Td (Disclosures ) Tj ET Q q 0 0 0 rg BT 97.67 125.30 Td (about ) Tj ET Q q 0 0 0 rg BT 121.39 125.30 Td (Risk—Credit ) Tj ET Q q 0 0 0 rg BT 176.24 125.30 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.58 125.30 Td (.” ) Tj ET Q q 0 0 0 rg BT 203.02 125.30 Td (For ) Tj ET Q q 0 0 0 rg BT 218.42 125.30 Td (a ) Tj ET Q q 0 0 0 rg BT 224.37 125.30 Td (further ) Tj ET Q q 0 0 0 rg BT 253.08 125.30 Td (discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.30 Td (about ) Tj ET Q q 0 0 0 rg BT 74.48 113.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 98.35 113.30 Td (and ) Tj ET Q q 0 0 0 rg BT 115.55 113.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 148.30 113.30 Td (commitments, ) Tj ET Q q 0 0 0 rg BT 208.00 113.30 Td (see ) Tj ET Q q 0 0 0 rg BT 223.53 113.30 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.62 113.30 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.62 113.30 Td ( ) Tj ET Q q 0 0 0 rg BT 257.39 113.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.59 113.30 Td (1) Tj ET Q q 0 0 0 rg BT 279.21 113.30 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.21 113.30 Td ( ) Tj ET Q q 0 0 0 rg BT 286.98 113.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 101.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 101.70 101.30 Td (statements.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 321.75 722.85 Td (U.S. Bank Subsidiaries’) Tj ET Q q 0 0 0 rg BT 416.23 722.85 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 562.65 726.67 Td (1) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 683.35 m 465.25 683.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 683.35 m 510.25 683.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 683.35 m 567.25 683.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 683.35 m 567.25 683.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 670.35 m 567.25 670.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 670.35 m 465.25 670.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 670.35 m 510.25 670.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 670.35 m 567.25 670.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 644.35 m 465.25 644.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 631.35 m 465.25 631.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 644.35 m 510.25 644.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 631.35 m 510.25 631.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 644.35 m 567.25 644.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 631.35 m 567.25 631.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 617.35 m 465.25 617.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 617.35 m 510.25 617.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 617.35 m 567.25 617.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 603.35 m 465.25 603.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 603.35 m 510.25 603.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 617.35 m 567.25 617.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 603.35 m 567.25 603.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 572.35 m 465.25 572.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 559.35 m 465.25 559.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 572.35 m 510.25 572.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 559.35 m 510.25 559.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 572.35 m 567.25 572.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 559.35 m 567.25 559.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 546.35 m 465.25 546.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 546.35 m 510.25 546.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 546.35 m 567.25 546.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 494.35 m 465.25 494.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 494.35 m 510.25 494.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 494.35 m 567.25 494.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 481.35 m 465.25 481.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 468.35 m 465.25 468.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 481.35 m 510.25 481.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 468.35 m 510.25 468.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 481.35 m 567.25 481.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 468.35 m 567.25 468.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 455.35 m 465.25 455.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 455.35 m 510.25 455.35 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 468.35 m 567.25 468.35 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 455.35 m 567.25 455.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 322.25 442.35 m 465.25 442.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 465.25 442.35 m 510.25 442.35 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 510.25 442.35 m 567.25 442.35 l s BT /F8 7.00 Tf ET q 0 0 0 rg BT 324.75 687.30 Td ($ in billions) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 483.00 703.83 Td (At) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 471.20 695.83 Td (June 30,) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 478.35 687.83 Td (2019) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 534.45 703.58 Td (At) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 513.10 695.58 Td (December 31,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 529.35 687.58 Td (2018) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 675.03 Td (Assets) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.75 674.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 487.00 674.63 Td (205.9) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.75 674.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.00 674.63 Td (216.9) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 662.03 Td (Investment securities portfolio:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 333.75 649.03 Td (Investment securities—AFS) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.45 648.58 Td (43.5) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.45 648.58 Td (45.5) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 333.75 636.03 Td (Investment securities—HTM) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.45 635.58 Td (27.2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.45 635.58 Td (23.7) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 621.58 Td (T) Tj ET Q q 0 0 0 rg BT 329.34 621.58 Td (otal investment securities) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.75 621.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.45 621.58 Td (70.7) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.75 621.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.45 621.58 Td (69.2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 607.58 Td (Deposits) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 355.88 611.39 Td (2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.75 607.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 487.00 607.63 Td (175.8) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.75 607.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.00 607.63 Td (187.1) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 589.58 Td (W) Tj ET Q q 0 0 0 rg BT 332.23 589.58 Td (ealth Management Loans) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 576.58 Td (Securities-based lending and other) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 448.39 580.39 Td (3) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.75 576.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.45 576.58 Td (45.5) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.75 576.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.45 576.58 Td (44.7) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 564.03 Td (Residential real estate) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.45 563.58 Td (28.6) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.45 563.58 Td (27.5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 550.58 Td (T) Tj ET Q q 0 0 0 rg BT 329.34 550.58 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.75 550.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.45 550.58 Td (74.1) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.75 550.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.45 550.58 Td (72.2) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 532.58 Td (Institutional Securities Loans) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 436.32 536.39 Td (4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 519.58 Td (Corporate) Tj ET Q BT /F6 8.00 Tf ET BT /F6 5.20 Tf ET q 0 0 0 rg BT 360.32 523.39 Td (5) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 363.22 519.58 Td (:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 333.75 506.58 Td (Corporate relationship and event-) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 338.25 498.58 Td (driven lending) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.75 498.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 495.85 498.58 Td (6.6) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.75 498.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 552.90 498.63 Td (7.4) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 333.75 486.03 Td (Secured lending facilities) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.45 485.58 Td (22.2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.45 485.58 Td (17.5) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 333.75 473.03 Td (Securities-based lending and other) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 495.85 472.58 Td (6.2) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 552.90 472.63 Td (6.0) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 324.75 460.03 Td (Commercial and residential real estate) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.45 459.58 Td (10.7) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.45 459.58 Td (10.5) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 324.75 446.58 Td (T) Tj ET Q q 0 0 0 rg BT 329.04 446.58 Td (otal) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 467.75 446.58 Td ($) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 491.45 446.58 Td (45.7) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 512.75 446.58 Td ($) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 548.45 446.58 Td (41.4) Tj ET Q BT /F1 10.00 Tf ET BT /F6 7.50 Tf ET q 0 0 0 rg BT 321.75 425.45 Td (1. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 425.45 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 362.00 425.45 Td (exclude ) Tj ET Q q 0 0 0 rg BT 389.50 425.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 431.59 425.45 Td (between ) Tj ET Q q 0 0 0 rg BT 461.60 425.45 Td (the ) Tj ET Q q 0 0 0 rg BT 473.68 425.45 Td (bank ) Tj ET Q q 0 0 0 rg BT 491.60 425.45 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 534.94 425.45 Td (as ) Tj ET Q q 0 0 0 rg BT 544.51 425.45 Td (well ) Tj ET Q q 0 0 0 rg BT 559.08 425.45 Td (as ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 416.45 Td (deposits ) Tj ET Q q 0 0 0 rg BT 360.77 416.45 Td (from ) Tj ET Q q 0 0 0 rg BT 377.85 416.45 Td (the ) Tj ET Q q 0 0 0 rg BT 390.37 416.45 Td (Parent ) Tj ET Q q 0 0 0 rg BT 414.55 416.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 448.73 416.45 Td (and ) Tj ET Q q 0 0 0 rg BT 463.33 416.45 Td (af) Tj ET Q q 0 0 0 rg BT 469.45 416.45 Td (filiates.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 321.75 407.45 Td (2. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 407.45 Td (For ) Tj ET Q q 0 0 0 rg BT 343.56 407.45 Td (further ) Tj ET Q q 0 0 0 rg BT 366.80 407.45 Td (information ) Tj ET Q q 0 0 0 rg BT 405.46 407.45 Td (on ) Tj ET Q q 0 0 0 rg BT 415.36 407.45 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 446.94 407.45 Td (see ) Tj ET Q q 0 0 0 rg BT 460.60 407.45 Td (“) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 463.09 407.45 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 492.17 407.45 Td (and ) Tj ET Q q 0 0 0 rg BT 506.25 407.45 Td (Capital ) Tj ET Q q 0 0 0 rg BT 531.16 407.45 Td (Resources) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 398.45 Td (—Funding ) Tj ET Q q 0 0 0 rg BT 367.44 398.45 Td (Management—Unsecured ) Tj ET Q q 0 0 0 rg BT 457.07 398.45 Td (Financing) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 489.59 398.45 Td (” ) Tj ET Q q 0 0 0 rg BT 494.18 398.45 Td (herein.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 321.75 389.45 Td (3. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 389.45 Td (Other ) Tj ET Q q 0 0 0 rg BT 351.59 389.45 Td (loans ) Tj ET Q q 0 0 0 rg BT 371.61 389.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 402.03 389.45 Td (include ) Tj ET Q q 0 0 0 rg BT 427.88 389.45 Td (tailored ) Tj ET Q q 0 0 0 rg BT 454.56 389.45 Td (lending.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 321.75 380.45 Td (4. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 380.45 Td (Prior ) Tj ET Q q 0 0 0 rg BT 348.67 380.45 Td (periods ) Tj ET Q q 0 0 0 rg BT 375.35 380.45 Td (have ) Tj ET Q q 0 0 0 rg BT 393.70 380.45 Td (been ) Tj ET Q q 0 0 0 rg BT 412.47 380.45 Td (conformed ) Tj ET Q q 0 0 0 rg BT 449.99 380.45 Td (to ) Tj ET Q q 0 0 0 rg BT 458.33 380.45 Td (the ) Tj ET Q q 0 0 0 rg BT 470.84 380.45 Td (current ) Tj ET Q q 0 0 0 rg BT 496.27 380.45 Td (presentation.) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 321.75 371.45 Td (5. ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 371.45 Td (For ) Tj ET Q q 0 0 0 rg BT 344.11 371.45 Td (a ) Tj ET Q q 0 0 0 rg BT 350.40 371.45 Td (further ) Tj ET Q q 0 0 0 rg BT 374.19 371.45 Td (discussion ) Tj ET Q q 0 0 0 rg BT 411.32 371.45 Td (of ) Tj ET Q q 0 0 0 rg BT 419.68 371.45 Td (corporate ) Tj ET Q q 0 0 0 rg BT 453.48 371.45 Td (loans ) Tj ET Q q 0 0 0 rg BT 473.53 371.45 Td (in ) Tj ET Q q 0 0 0 rg BT 481.48 371.45 Td (the ) Tj ET Q q 0 0 0 rg BT 494.02 371.45 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 534.07 371.45 Td (Securities ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 362.45 Td (business ) Tj ET Q q 0 0 0 rg BT 362.83 362.45 Td (segment, ) Tj ET Q q 0 0 0 rg BT 396.17 362.45 Td (see ) Tj ET Q q 0 0 0 rg BT 410.74 362.45 Td (“) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 413.24 362.45 Td (Credit ) Tj ET Q q 0 0 0 rg BT 435.73 362.45 Td (Risk—Institutional ) Tj ET Q q 0 0 0 rg BT 498.24 362.45 Td (Securities ) Tj ET Q q 0 0 0 rg BT 533.65 362.45 Td (Corporate ) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 330.75 353.45 Td (Loans) Tj ET Q BT /F6 7.50 Tf ET q 0 0 0 rg BT 351.19 353.45 Td (” ) Tj ET Q q 0 0 0 rg BT 355.77 353.45 Td (herein.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I44 Do Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 321.75 317.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 383.42 317.05 Td (Development ) Tj ET Q q 0 0 0 rg BT 453.74 317.05 Td (Updates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 295.05 Td (The ) Tj ET Q q 0 0 0 rg BT 339.72 295.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 378.82 295.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 427.90 295.05 Td (Standards ) Tj ET Q q 0 0 0 rg BT 469.76 295.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 496.62 295.05 Td (has ) Tj ET Q q 0 0 0 rg BT 512.38 295.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 539.80 295.05 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 283.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 368.77 283.05 Td (updates ) Tj ET Q q 0 0 0 rg BT 402.46 283.05 Td (that ) Tj ET Q q 0 0 0 rg BT 420.60 283.05 Td (apply ) Tj ET Q q 0 0 0 rg BT 445.96 283.05 Td (to ) Tj ET Q q 0 0 0 rg BT 456.89 283.05 Td (us. ) Tj ET Q q 0 0 0 rg BT 470.73 283.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 520.53 283.05 Td (updates ) Tj ET Q q 0 0 0 rg BT 554.23 283.05 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 271.05 Td (listed ) Tj ET Q q 0 0 0 rg BT 347.16 271.05 Td (below ) Tj ET Q q 0 0 0 rg BT 375.33 271.05 Td (were ) Tj ET Q q 0 0 0 rg BT 398.50 271.05 Td (assessed ) Tj ET Q q 0 0 0 rg BT 436.13 271.05 Td (and ) Tj ET Q q 0 0 0 rg BT 454.30 271.05 Td (either ) Tj ET Q q 0 0 0 rg BT 480.81 271.05 Td (determined ) Tj ET Q q 0 0 0 rg BT 529.53 271.05 Td (to ) Tj ET Q q 0 0 0 rg BT 541.05 271.05 Td (be ) Tj ET Q q 0 0 0 rg BT 554.23 271.05 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 259.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 365.32 259.05 Td (or ) Tj ET Q q 0 0 0 rg BT 376.13 259.05 Td (are ) Tj ET Q q 0 0 0 rg BT 390.82 259.05 Td (not ) Tj ET Q q 0 0 0 rg BT 406.08 259.05 Td (expected ) Tj ET Q q 0 0 0 rg BT 444.09 259.05 Td (to ) Tj ET Q q 0 0 0 rg BT 454.35 259.05 Td (have ) Tj ET Q q 0 0 0 rg BT 475.71 259.05 Td (a ) Tj ET Q q 0 0 0 rg BT 482.62 259.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 527.32 259.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 557.01 259.05 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 247.05 Td (our ) Tj ET Q q 0 0 0 rg BT 337.58 247.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 375.06 247.05 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 225.05 Td (The ) Tj ET Q q 0 0 0 rg BT 339.73 225.05 Td (following ) Tj ET Q q 0 0 0 rg BT 381.04 225.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 427.34 225.05 Td (update ) Tj ET Q q 0 0 0 rg BT 456.43 225.05 Td (is ) Tj ET Q q 0 0 0 rg BT 465.53 225.05 Td (currently ) Tj ET Q q 0 0 0 rg BT 504.05 225.05 Td (being ) Tj ET Q q 0 0 0 rg BT 528.70 225.05 Td (evaluated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 213.05 Td (to ) Tj ET Q q 0 0 0 rg BT 332.03 213.05 Td (determine ) Tj ET Q q 0 0 0 rg BT 374.51 213.05 Td (the ) Tj ET Q q 0 0 0 rg BT 389.23 213.05 Td (potential ) Tj ET Q q 0 0 0 rg BT 426.72 213.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 456.43 213.05 Td (of ) Tj ET Q q 0 0 0 rg BT 467.26 213.05 Td (adoption:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 201.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 189.05 Td (• ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 330.75 189.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 377.05 189.05 Td (Instruments–Cr) Tj ET Q q 0 0 0 rg BT 439.46 189.05 Td (edit ) Tj ET Q q 0 0 0 rg BT 461.88 189.05 Td (Losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.05 189.05 Td ( ) Tj ET Q q 0 0 0 rg BT 497.93 189.05 Td (This ) Tj ET Q q 0 0 0 rg BT 523.13 189.05 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 177.05 Td (update ) Tj ET Q q 0 0 0 rg BT 360.45 177.05 Td (impacts ) Tj ET Q q 0 0 0 rg BT 394.61 177.05 Td (the ) Tj ET Q q 0 0 0 rg BT 409.87 177.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 459.02 177.05 Td (model ) Tj ET Q q 0 0 0 rg BT 487.06 177.05 Td (for ) Tj ET Q q 0 0 0 rg BT 501.77 177.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 532.02 177.05 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 165.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 358.46 165.05 Td (measured ) Tj ET Q q 0 0 0 rg BT 401.15 165.05 Td (at ) Tj ET Q q 0 0 0 rg BT 412.74 165.05 Td (amortized ) Tj ET Q q 0 0 0 rg BT 457.10 165.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 477.59 165.05 Td (by ) Tj ET Q q 0 0 0 rg BT 491.97 165.05 Td (requiring ) Tj ET Q q 0 0 0 rg BT 533.00 165.05 Td (a ) Tj ET Q q 0 0 0 rg BT 541.81 165.05 Td (CECL) Tj ET Q q 0 0 0 rg BT 567.00 165.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 153.05 Td (methodology ) Tj ET Q q 0 0 0 rg BT 387.84 153.05 Td (to ) Tj ET Q q 0 0 0 rg BT 399.93 153.05 Td (estimate ) Tj ET Q q 0 0 0 rg BT 437.57 153.05 Td (expected ) Tj ET Q q 0 0 0 rg BT 477.41 153.05 Td (credit ) Tj ET Q q 0 0 0 rg BT 504.49 153.05 Td (losses ) Tj ET Q q 0 0 0 rg BT 532.70 153.05 Td (over ) Tj ET Q q 0 0 0 rg BT 554.78 153.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 141.05 Td (entire ) Tj ET Q q 0 0 0 rg BT 357.40 141.05 Td (life ) Tj ET Q q 0 0 0 rg BT 374.61 141.05 Td (of ) Tj ET Q q 0 0 0 rg BT 386.82 141.05 Td (the ) Tj ET Q q 0 0 0 rg BT 402.92 141.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 441.79 141.05 Td (asset, ) Tj ET Q q 0 0 0 rg BT 467.61 141.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 506.47 141.05 Td (at ) Tj ET Q q 0 0 0 rg BT 517.58 141.05 Td (inception ) Tj ET Q q 0 0 0 rg BT 558.67 141.05 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 129.05 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 374.46 129.05 Td (CECL) Tj ET Q q 0 0 0 rg BT 399.65 129.05 Td ( ) Tj ET Q q 0 0 0 rg BT 405.33 129.05 Td (will ) Tj ET Q q 0 0 0 rg BT 426.56 129.05 Td (replace ) Tj ET Q q 0 0 0 rg BT 461.10 129.05 Td (the ) Tj ET Q q 0 0 0 rg BT 478.99 129.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 500.23 129.05 Td (model ) Tj ET Q q 0 0 0 rg BT 530.91 129.05 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 117.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 373.91 117.05 Td (to ) Tj ET Q q 0 0 0 rg BT 383.77 117.05 Td (loans ) Tj ET Q q 0 0 0 rg BT 406.95 117.05 Td (held ) Tj ET Q q 0 0 0 rg BT 426.24 117.05 Td (for ) Tj ET Q q 0 0 0 rg BT 439.97 117.05 Td (investment, ) Tj ET Q q 0 0 0 rg BT 488.43 117.05 Td (HTM ) Tj ET Q q 0 0 0 rg BT 512.73 117.05 Td (securities ) Tj ET Q q 0 0 0 rg BT 552.56 117.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 105.05 Td (other ) Tj ET Q q 0 0 0 rg BT 352.75 105.05 Td (receivables ) Tj ET Q q 0 0 0 rg BT 399.18 105.05 Td (carried ) Tj ET Q q 0 0 0 rg BT 428.39 105.05 Td (at ) Tj ET Q q 0 0 0 rg BT 437.06 105.05 Td (amortized ) Tj ET Q q 0 0 0 rg BT 478.49 105.05 Td (cost, ) Tj ET Q q 0 0 0 rg BT 498.56 105.05 Td (such ) Tj ET Q q 0 0 0 rg BT 518.34 105.05 Td (as ) Tj ET Q q 0 0 0 rg BT 528.13 105.05 Td (employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 93.05 Td (loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 69.05 Td (The ) Tj ET Q q 0 0 0 rg BT 352.15 69.05 Td (update ) Tj ET Q q 0 0 0 rg BT 384.66 69.05 Td (also ) Tj ET Q q 0 0 0 rg BT 406.62 69.05 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 453.58 69.05 Td (the ) Tj ET Q q 0 0 0 rg BT 471.65 69.05 Td (concept ) Tj ET Q q 0 0 0 rg BT 508.59 69.05 Td (of ) Tj ET Q q 0 0 0 rg BT 522.78 69.05 Td (other) Tj ET Q q 0 0 0 rg BT 543.12 69.05 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 57.05 Td (temporary ) Tj ET Q q 0 0 0 rg BT 375.00 57.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 424.26 57.05 Td (for ) Tj ET Q q 0 0 0 rg BT 438.38 57.05 Td (AFS ) Tj ET Q q 0 0 0 rg BT 459.88 57.05 Td (securities. ) Tj ET Q q 0 0 0 rg BT 503.30 57.05 Td (Impairments ) Tj ET Q q 0 0 0 rg BT 557.00 57.05 Td (on ) Tj ET 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 722.10 Td (AFS ) Tj ET Q q 0 0 0 rg BT 78.97 722.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 118.85 722.10 Td (will ) Tj ET Q q 0 0 0 rg BT 136.53 722.10 Td (be ) Tj ET Q q 0 0 0 rg BT 148.09 722.10 Td (required ) Tj ET Q q 0 0 0 rg BT 183.53 722.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.43 722.10 Td (be ) Tj ET Q q 0 0 0 rg BT 204.99 722.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 250.97 722.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.87 722.10 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 710.10 Td (through ) Tj ET Q q 0 0 0 rg BT 94.82 710.10 Td (an ) Tj ET Q q 0 0 0 rg BT 109.46 710.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 155.20 710.10 Td (when ) Tj ET Q q 0 0 0 rg BT 182.07 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.50 710.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 218.58 710.10 Td (value ) Tj ET Q q 0 0 0 rg BT 245.45 710.10 Td (is ) Tj ET Q q 0 0 0 rg BT 257.33 710.10 Td (less ) Tj ET Q q 0 0 0 rg BT 277.53 710.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 698.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 101.45 698.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 120.52 698.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.93 698.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.33 698.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 171.06 698.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 189.59 698.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 215.33 698.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.63 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.81 698.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 282.54 698.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 686.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 96.53 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.81 686.10 Td (be ) Tj ET Q q 0 0 0 rg BT 118.75 686.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 137.92 686.10 Td (before ) Tj ET Q q 0 0 0 rg BT 165.96 686.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 203.43 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.26 686.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 256.74 686.10 Td (cost.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 664.10 Td (For ) Tj ET Q q 0 0 0 rg BT 75.01 664.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 104.83 664.10 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 146.34 664.10 Td (we ) Tj ET Q q 0 0 0 rg BT 160.62 664.10 Td (have ) Tj ET Q q 0 0 0 rg BT 182.11 664.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 229.71 664.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.32 664.10 Td (there ) Tj ET Q q 0 0 0 rg BT 269.93 664.10 Td (are ) Tj ET Q q 0 0 0 rg BT 284.75 664.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 652.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 99.18 652.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 127.10 652.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 158.64 652.10 Td (for ) Tj ET Q q 0 0 0 rg BT 175.46 652.10 Td (example ) Tj ET Q q 0 0 0 rg BT 214.48 652.10 Td (based ) Tj ET Q q 0 0 0 rg BT 242.40 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 257.55 652.10 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 640.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 114.38 640.10 Td (for ) Tj ET Q q 0 0 0 rg BT 128.05 640.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 160.06 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.52 640.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 216.30 640.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 266.08 640.10 Td (such ) Tj ET Q q 0 0 0 rg BT 286.42 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 297.25 640.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 628.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 99.48 628.10 Td (borrowed, ) Tj ET Q q 0 0 0 rg BT 141.84 628.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 182.82 628.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 224.91 628.10 Td (under ) Tj ET Q q 0 0 0 rg BT 249.22 628.10 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 69.31 616.10 Td (resell ) Tj ET Q q 0 0 0 rg BT 94.00 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.48 616.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 141.71 616.10 Td (other ) Tj ET Q q 0 0 0 rg BT 165.29 616.10 Td (portfolios. ) Tj ET Q q 0 0 0 rg BT 209.05 616.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 233.47 616.10 Td (we ) Tj ET Q q 0 0 0 rg BT 248.17 616.10 Td (have ) Tj ET Q q 0 0 0 rg BT 270.08 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.55 616.10 Td (zero ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 604.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 78.12 604.10 Td (expectation ) Tj ET Q q 0 0 0 rg BT 128.26 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.98 604.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 175.23 604.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.27 604.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 241.65 604.10 Td (based ) Tj ET Q q 0 0 0 rg BT 268.48 604.10 Td (on ) 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 58.50 592.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 87.09 592.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 120.68 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.84 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.88 592.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 195.35 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.51 592.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 238.66 592.10 Td (such ) Tj ET Q q 0 0 0 rg BT 262.81 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.97 592.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 580.10 Td (government ) Tj ET Q q 0 0 0 rg BT 108.76 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.70 580.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 156.52 580.10 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 558.10 Td (W) Tj ET Q q 0 0 0 rg BT 67.14 558.10 Td (e ) Tj ET Q q 0 0 0 rg BT 73.23 558.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 100.98 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.85 558.10 Td (following ) Tj ET Q q 0 0 0 rg BT 155.39 558.10 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 195.93 558.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.36 558.10 Td (be ) Tj ET Q q 0 0 0 rg BT 216.46 558.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 255.32 558.10 Td (impacted: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 546.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 103.06 546.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 132.36 546.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 185.24 546.10 Td (real ) Tj ET Q q 0 0 0 rg BT 205.92 546.10 Td (estate, ) Tj ET Q q 0 0 0 rg BT 236.87 546.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 280.31 546.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 534.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 102.05 534.10 Td (real ) Tj ET Q q 0 0 0 rg BT 118.93 534.10 Td (estate. ) Tj ET Q q 0 0 0 rg BT 145.96 534.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.40 534.10 Td (models ) Tj ET Q q 0 0 0 rg BT 194.19 534.10 Td (we ) Tj ET Q q 0 0 0 rg BT 207.75 534.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 235.74 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.42 534.10 Td (use ) Tj ET Q q 0 0 0 rg BT 260.64 534.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.20 534.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 522.10 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 99.72 522.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 122.05 522.10 Td (adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.38 522.10 Td (have ) Tj ET Q q 0 0 0 rg BT 180.58 522.10 Td (been ) Tj ET Q q 0 0 0 rg BT 201.79 522.10 Td (validated ) Tj ET Q q 0 0 0 rg BT 240.78 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.55 522.10 Td (approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 510.10 Td (for ) Tj ET Q q 0 0 0 rg BT 74.82 510.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 95.31 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.42 510.10 Td (during ) Tj ET Q q 0 0 0 rg BT 145.19 510.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 169.85 510.10 Td (we ) Tj ET Q q 0 0 0 rg BT 186.17 510.10 Td (are ) Tj ET Q q 0 0 0 rg BT 203.04 510.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 252.69 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.57 510.10 Td (CECL) Tj ET Q q 0 0 0 rg BT 294.75 510.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 498.10 Td (process ) Tj ET Q q 0 0 0 rg BT 91.19 498.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 129.98 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.46 498.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 188.70 498.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.06 498.10 Td (adoption) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.05 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 240.75 498.10 Td (on ) Tj ET Q q 0 0 0 rg BT 253.45 498.10 Td (January ) Tj ET Q q 0 0 0 rg BT 287.25 498.10 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 486.10 Td (2020. ) Tj ET Q q 0 0 0 rg BT 83.55 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.11 486.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 113.10 486.10 Td (on ) Tj ET Q q 0 0 0 rg BT 125.65 486.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 174.85 486.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 211.28 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.27 486.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 270.54 486.10 Td (we ) Tj ET Q q 0 0 0 rg BT 284.75 486.10 Td (do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 474.10 Td (not ) Tj ET Q q 0 0 0 rg BT 74.73 474.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 104.28 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.95 474.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 156.15 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.38 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.05 474.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 227.04 474.10 Td (for ) Tj ET Q q 0 0 0 rg BT 242.15 474.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 268.36 474.10 Td (losses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 462.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 99.80 462.10 Td (from ) Tj ET Q q 0 0 0 rg BT 125.55 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.07 462.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 185.37 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.01 462.10 Td (this ) Tj ET Q q 0 0 0 rg BT 220.76 462.10 Td (standard, ) Tj ET Q q 0 0 0 rg BT 263.45 462.10 Td (will ) Tj ET Q q 0 0 0 rg BT 285.31 462.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 450.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 103.27 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.60 450.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.49 450.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.03 450.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 214.11 450.10 Td (The ) Tj ET Q q 0 0 0 rg BT 232.21 450.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 267.54 450.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 438.10 Td (will ) Tj ET Q q 0 0 0 rg BT 82.77 438.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 120.37 438.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 149.09 438.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.24 438.10 Td (number ) Tj ET Q q 0 0 0 rg BT 201.51 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.55 438.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 256.98 438.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 426.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 125.08 426.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 171.96 426.10 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 212.72 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.88 426.10 Td (our ) Tj ET Q q 0 0 0 rg BT 245.93 426.10 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 287.53 426.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.22 414.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 110.71 414.10 Td (date.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I45 Do Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 377.70 Td (Critical ) Tj ET Q q 0 0 0 rg BT 91.15 377.70 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 152.82 377.70 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.18 355.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 104.29 355.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 148.63 355.70 Td (are ) Tj ET Q q 0 0 0 rg BT 162.96 355.70 Td (prepared ) Tj ET Q q 0 0 0 rg BT 200.07 355.70 Td (in ) Tj ET Q q 0 0 0 rg BT 209.97 355.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 257.06 355.70 Td (with ) Tj ET Q q 0 0 0 rg BT 276.97 355.70 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.70 Td (GAAP) Tj ET Q q 0 0 0 rg BT 75.62 343.70 Td (, ) Tj ET Q q 0 0 0 rg BT 80.69 343.70 Td (which ) Tj ET Q q 0 0 0 rg BT 107.70 343.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 142.48 343.70 Td (us ) Tj ET Q q 0 0 0 rg BT 153.94 343.70 Td (to ) Tj ET Q q 0 0 0 rg BT 164.29 343.70 Td (make ) Tj ET Q q 0 0 0 rg BT 188.51 343.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 228.30 343.70 Td (and ) Tj ET Q q 0 0 0 rg BT 245.31 343.70 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.70 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.71 331.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 89.26 331.70 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.26 331.70 Td ( ) Tj ET Q q 0 0 0 rg BT 96.38 331.70 Td (to ) Tj ET Q q 0 0 0 rg BT 106.27 331.70 Td (the ) Tj ET Q q 0 0 0 rg BT 120.60 331.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.69 331.70 Td (statements\). ) Tj ET Q q 0 0 0 rg BT 207.69 331.70 Td (W) Tj ET Q q 0 0 0 rg BT 216.33 331.70 Td (e ) Tj ET Q q 0 0 0 rg BT 222.88 331.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 253.87 331.70 Td (that ) Tj ET Q q 0 0 0 rg BT 270.98 331.70 Td (of ) Tj ET Q q 0 0 0 rg BT 281.42 331.70 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 95.78 319.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 143.72 319.70 Td (policies ) Tj ET Q q 0 0 0 rg BT 178.89 319.70 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.06 319.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 222.57 319.70 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.57 319.70 Td ( ) Tj ET Q q 0 0 0 rg BT 231.64 319.70 Td (to ) Tj ET Q q 0 0 0 rg BT 243.48 319.70 Td (the ) Tj ET Q q 0 0 0 rg BT 259.77 319.70 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.16 307.70 Td (in ) Tj ET Q q 0 0 0 rg BT 104.40 307.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.06 307.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 141.52 307.70 Td (Form ) Tj ET Q q 0 0 0 rg BT 165.64 307.70 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.19 307.70 Td ( ) Tj ET Q q 0 0 0 rg BT 188.64 307.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.54 307.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 227.43 307.70 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.43 307.70 Td ( ) Tj ET Q q 0 0 0 rg BT 234.88 307.70 Td (to ) Tj ET Q q 0 0 0 rg BT 245.11 307.70 Td (the ) Tj ET Q q 0 0 0 rg BT 259.78 307.70 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.70 Td (statements\), ) Tj ET Q q 0 0 0 rg BT 99.01 295.70 Td (the ) Tj ET Q q 0 0 0 rg BT 112.69 295.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 128.03 295.70 Td (value, ) Tj ET Q q 0 0 0 rg BT 153.65 295.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 190.67 295.70 Td (and ) Tj ET Q q 0 0 0 rg BT 206.57 295.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 248.02 295.70 Td (assets, ) Tj ET Q q 0 0 0 rg BT 275.32 295.70 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.70 Td (and ) Tj ET Q q 0 0 0 rg BT 65.26 283.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 107.67 283.70 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 163.96 283.70 Td (and ) Tj ET Q q 0 0 0 rg BT 179.72 283.70 Td (income ) Tj ET Q q 0 0 0 rg BT 210.47 283.70 Td (taxes ) Tj ET Q q 0 0 0 rg BT 232.34 283.70 Td (policies ) Tj ET Q q 0 0 0 rg BT 264.76 283.70 Td (involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.70 Td (a ) Tj ET Q q 0 0 0 rg BT 57.91 271.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 87.42 271.70 Td (degree ) Tj ET Q q 0 0 0 rg BT 118.03 271.70 Td (of ) Tj ET Q q 0 0 0 rg BT 130.33 271.70 Td (judgment ) Tj ET Q q 0 0 0 rg BT 172.07 271.70 Td (and ) Tj ET Q q 0 0 0 rg BT 190.47 271.70 Td (complexity) Tj ET Q q 0 0 0 rg BT 234.81 271.70 Td (. ) Tj ET Q q 0 0 0 rg BT 241.28 271.70 Td (For ) Tj ET Q q 0 0 0 rg BT 259.14 271.70 Td (a ) Tj ET Q q 0 0 0 rg BT 267.54 271.70 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.70 Td (discussion ) Tj ET Q q 0 0 0 rg BT 99.51 259.70 Td (about ) Tj ET Q q 0 0 0 rg BT 130.06 259.70 Td (our ) Tj ET Q q 0 0 0 rg BT 151.73 259.70 Td (critical ) Tj ET Q q 0 0 0 rg BT 187.83 259.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 240.04 259.70 Td (policies, ) Tj ET Q q 0 0 0 rg BT 281.98 259.70 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.70 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.94 247.70 Td (Management’) Tj ET Q q 0 0 0 rg BT 108.92 247.70 Td (s ) Tj ET Q q 0 0 0 rg BT 121.82 247.70 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 174.72 247.70 Td (and ) Tj ET Q q 0 0 0 rg BT 196.19 247.70 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 240.20 247.70 Td (of ) Tj ET Q q 0 0 0 rg BT 257.54 247.70 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.70 Td (Condition ) Tj ET Q q 0 0 0 rg BT 94.21 235.70 Td (and ) Tj ET Q q 0 0 0 rg BT 113.36 235.70 Td (Results ) Tj ET Q q 0 0 0 rg BT 147.52 235.70 Td (of ) Tj ET Q q 0 0 0 rg BT 160.56 235.70 Td (Operations—Critical ) Tj ET Q q 0 0 0 rg BT 248.09 235.70 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.70 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.17 223.70 Td (” ) Tj ET Q q 0 0 0 rg BT 88.10 223.70 Td (in ) Tj ET Q q 0 0 0 rg BT 98.38 223.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.10 223.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 135.60 223.70 Td (Form ) Tj ET Q q 0 0 0 rg BT 159.77 223.70 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.32 223.70 Td (.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 321.75 720.90 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 372.77 720.90 Td (and ) Tj ET Q q 0 0 0 rg BT 395.12 720.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 436.13 720.90 Td (Resour) Tj ET Q q 0 0 0 rg BT 472.57 720.90 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 698.90 Td (Senior ) Tj ET Q q 0 0 0 rg BT 352.86 698.90 Td (management, ) Tj ET Q q 0 0 0 rg BT 411.45 698.90 Td (with ) Tj ET Q q 0 0 0 rg BT 434.23 698.90 Td (oversight ) Tj ET Q q 0 0 0 rg BT 476.45 698.90 Td (by ) Tj ET Q q 0 0 0 rg BT 491.45 698.90 Td (the ) Tj ET Q q 0 0 0 rg BT 507.56 698.90 Td (Asset/Liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 686.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 375.31 686.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 421.11 686.90 Td (and ) Tj ET Q q 0 0 0 rg BT 436.90 686.90 Td (the ) Tj ET Q q 0 0 0 rg BT 450.48 686.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 476.27 686.90 Td (of ) Tj ET Q q 0 0 0 rg BT 485.96 686.90 Td (Directors ) Tj ET Q q 0 0 0 rg BT 524.52 686.90 Td (\(“Board”\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 674.90 Td (establishes ) Tj ET Q q 0 0 0 rg BT 368.89 674.90 Td (and ) Tj ET Q q 0 0 0 rg BT 387.14 674.90 Td (maintains ) Tj ET Q q 0 0 0 rg BT 429.83 674.90 Td (our ) Tj ET Q q 0 0 0 rg BT 446.98 674.90 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 484.68 674.90 Td (and ) Tj ET Q q 0 0 0 rg BT 502.93 674.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 533.40 674.90 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 662.90 Td (Through ) Tj ET Q q 0 0 0 rg BT 364.62 662.90 Td (various ) Tj ET Q q 0 0 0 rg BT 402.48 662.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 425.91 662.90 Td (and ) Tj ET Q q 0 0 0 rg BT 448.78 662.90 Td (control ) Tj ET Q q 0 0 0 rg BT 485.53 662.90 Td (committees, ) Tj ET Q q 0 0 0 rg BT 542.56 662.90 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 650.90 Td (management ) Tj ET Q q 0 0 0 rg BT 376.23 650.90 Td (reviews ) Tj ET Q q 0 0 0 rg BT 410.72 650.90 Td (business ) Tj ET Q q 0 0 0 rg BT 448.00 650.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 501.92 650.90 Td (relative ) Tj ET Q q 0 0 0 rg BT 535.29 650.90 Td (to ) Tj ET Q q 0 0 0 rg BT 546.46 650.90 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 638.90 Td (policies, ) Tj ET Q q 0 0 0 rg BT 359.65 638.90 Td (monitors ) Tj ET Q q 0 0 0 rg BT 399.49 638.90 Td (the ) Tj ET Q q 0 0 0 rg BT 416.00 638.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 465.28 638.90 Td (of ) Tj ET Q q 0 0 0 rg BT 477.90 638.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 524.39 638.90 Td (sources ) Tj ET Q q 0 0 0 rg BT 558.67 638.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 626.90 Td (financing, ) Tj ET Q q 0 0 0 rg BT 363.80 626.90 Td (and ) Tj ET Q q 0 0 0 rg BT 380.03 626.90 Td (oversees ) Tj ET Q q 0 0 0 rg BT 416.25 626.90 Td (the ) Tj ET Q q 0 0 0 rg BT 430.26 626.90 Td (liquidity) Tj ET Q q 0 0 0 rg BT 463.50 626.90 Td (, ) Tj ET Q q 0 0 0 rg BT 467.79 626.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 499.02 626.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 515.80 626.90 Td (and ) Tj ET Q q 0 0 0 rg BT 532.03 626.90 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 614.90 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 366.90 614.90 Td (of ) Tj ET Q q 0 0 0 rg BT 379.27 614.90 Td (our ) Tj ET Q q 0 0 0 rg BT 396.64 614.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 420.12 614.90 Td (and ) Tj ET Q q 0 0 0 rg BT 438.60 614.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 473.75 614.90 Td (position. ) Tj ET Q q 0 0 0 rg BT 512.52 614.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 531.82 614.90 Td (T) Tj ET Q q 0 0 0 rg BT 537.57 614.90 Td (reasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 602.90 Td (department, ) Tj ET Q q 0 0 0 rg BT 383.41 602.90 Td (Firm ) Tj ET Q q 0 0 0 rg BT 417.05 602.90 Td (Risk ) Tj ET Q q 0 0 0 rg BT 449.57 602.90 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 507.56 602.90 Td (Asset/Liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 590.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 377.66 590.90 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 428.31 590.90 Td (and ) Tj ET Q q 0 0 0 rg BT 446.46 590.90 Td (other ) Tj ET Q q 0 0 0 rg BT 470.72 590.90 Td (committees ) Tj ET Q q 0 0 0 rg BT 520.53 590.90 Td (and ) Tj ET Q q 0 0 0 rg BT 538.68 590.90 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 578.90 Td (groups ) Tj ET Q q 0 0 0 rg BT 353.18 578.90 Td (assist ) Tj ET Q q 0 0 0 rg BT 379.06 578.90 Td (in ) Tj ET Q q 0 0 0 rg BT 391.04 578.90 Td (evaluating, ) Tj ET Q q 0 0 0 rg BT 439.40 578.90 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 488.05 578.90 Td (and ) Tj ET Q q 0 0 0 rg BT 506.69 578.90 Td (controlling ) Tj ET Q q 0 0 0 rg BT 554.78 578.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 566.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 351.62 566.90 Td (that ) Tj ET Q q 0 0 0 rg BT 369.28 566.90 Td (our ) Tj ET Q q 0 0 0 rg BT 385.27 566.90 Td (business ) Tj ET Q q 0 0 0 rg BT 421.82 566.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 460.58 566.90 Td (have ) Tj ET Q q 0 0 0 rg BT 482.12 566.90 Td (on ) Tj ET Q q 0 0 0 rg BT 494.78 566.90 Td (our ) Tj ET Q q 0 0 0 rg BT 510.77 566.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 543.96 566.90 Td (sheet, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 554.90 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 357.25 554.90 Td (and ) Tj ET Q q 0 0 0 rg BT 373.29 554.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 401.54 554.90 Td (structure. ) Tj ET Q q 0 0 0 rg BT 440.63 554.90 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 479.46 554.90 Td (and ) Tj ET Q q 0 0 0 rg BT 495.50 554.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 523.75 554.90 Td (matters ) Tj ET Q q 0 0 0 rg BT 554.79 554.90 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 542.90 Td (reported ) Tj ET Q q 0 0 0 rg BT 357.21 542.90 Td (regularly ) Tj ET Q q 0 0 0 rg BT 395.45 542.90 Td (to ) Tj ET Q q 0 0 0 rg BT 405.37 542.90 Td (the ) Tj ET Q q 0 0 0 rg BT 419.73 542.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 446.31 542.90 Td (and ) Tj ET Q q 0 0 0 rg BT 462.89 542.90 Td (the ) Tj ET Q q 0 0 0 rg BT 477.25 542.90 Td (Risk ) Tj ET Q q 0 0 0 rg BT 497.74 542.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 544.32 542.90 Td (of ) Tj ET Q q 0 0 0 rg BT 554.79 542.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.75 530.90 Td (Board.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 324.00 498.50 Td (Balance ) Tj ET Q q 0 0 0 rg BT 367.66 498.50 Td (Sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 476.50 Td (W) Tj ET Q q 0 0 0 rg BT 332.64 476.50 Td (e ) Tj ET Q q 0 0 0 rg BT 341.21 476.50 Td (monitor ) Tj ET Q q 0 0 0 rg BT 377.01 476.50 Td (and ) Tj ET Q q 0 0 0 rg BT 395.58 476.50 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 433.03 476.50 Td (the ) Tj ET Q q 0 0 0 rg BT 449.38 476.50 Td (composition ) Tj ET Q q 0 0 0 rg BT 502.95 476.50 Td (and ) Tj ET Q q 0 0 0 rg BT 521.53 476.50 Td (size ) Tj ET Q q 0 0 0 rg BT 541.21 476.50 Td (of ) Tj ET Q q 0 0 0 rg BT 553.67 476.50 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 464.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 362.04 464.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 390.09 464.50 Td (on ) Tj ET Q q 0 0 0 rg BT 407.59 464.50 Td (a ) Tj ET Q q 0 0 0 rg BT 419.54 464.50 Td (regular ) Tj ET Q q 0 0 0 rg BT 455.35 464.50 Td (basis. ) Tj ET Q q 0 0 0 rg BT 485.36 464.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 508.42 464.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 546.45 464.50 Td (sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 452.50 Td (management ) Tj ET Q q 0 0 0 rg BT 378.65 452.50 Td (process ) Tj ET Q q 0 0 0 rg BT 412.19 452.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 449.08 452.50 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 488.73 452.50 Td (planning, ) Tj ET Q q 0 0 0 rg BT 529.78 452.50 Td (business-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 440.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 359.98 440.50 Td (thresholds, ) Tj ET Q q 0 0 0 rg BT 408.48 440.50 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 457.81 440.50 Td (of ) Tj ET Q q 0 0 0 rg BT 471.03 440.50 Td (business-specific ) Tj ET Q q 0 0 0 rg BT 544.23 440.50 Td (usage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 428.50 Td (versus ) Tj ET Q q 0 0 0 rg BT 353.96 428.50 Td (key ) Tj ET Q q 0 0 0 rg BT 372.80 428.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 427.73 428.50 Td (metrics ) Tj ET Q q 0 0 0 rg BT 461.58 428.50 Td (and ) Tj ET Q q 0 0 0 rg BT 480.42 428.50 Td (new ) Tj ET Q q 0 0 0 rg BT 501.49 428.50 Td (business ) Tj ET Q q 0 0 0 rg BT 539.79 428.50 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 416.50 Td (assessments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 394.50 Td (W) Tj ET Q q 0 0 0 rg BT 332.64 394.50 Td (e ) Tj ET Q q 0 0 0 rg BT 339.37 394.50 Td (establish ) Tj ET Q q 0 0 0 rg BT 376.65 394.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 409.48 394.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 432.32 394.50 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 475.72 394.50 Td (at ) Tj ET Q q 0 0 0 rg BT 485.22 394.50 Td (the ) Tj ET Q q 0 0 0 rg BT 499.73 394.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 552.57 394.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 382.50 Td (business ) Tj ET Q q 0 0 0 rg BT 359.85 382.50 Td (segment ) Tj ET Q q 0 0 0 rg BT 395.14 382.50 Td (levels. ) Tj ET Q q 0 0 0 rg BT 422.79 382.50 Td (W) Tj ET Q q 0 0 0 rg BT 431.42 382.50 Td (e ) Tj ET Q q 0 0 0 rg BT 437.82 382.50 Td (monitor ) Tj ET Q q 0 0 0 rg BT 471.45 382.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 503.94 382.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 526.45 382.50 Td (utilization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 370.50 Td (and ) Tj ET Q q 0 0 0 rg BT 342.85 370.50 Td (review ) Tj ET Q q 0 0 0 rg BT 374.46 370.50 Td (variances ) Tj ET Q q 0 0 0 rg BT 416.62 370.50 Td (resulting ) Tj ET Q q 0 0 0 rg BT 456.02 370.50 Td (from ) Tj ET Q q 0 0 0 rg BT 479.87 370.50 Td (business ) Tj ET Q q 0 0 0 rg BT 518.17 370.50 Td (activity ) Tj ET Q q 0 0 0 rg BT 552.56 370.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 358.50 Td (market ) Tj ET Q q 0 0 0 rg BT 355.62 358.50 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 409.19 358.50 Td (On ) Tj ET Q q 0 0 0 rg BT 425.27 358.50 Td (a ) Tj ET Q q 0 0 0 rg BT 433.57 358.50 Td (regular ) Tj ET Q q 0 0 0 rg BT 465.74 358.50 Td (basis, ) Tj ET Q q 0 0 0 rg BT 492.10 358.50 Td (we ) Tj ET Q q 0 0 0 rg BT 507.62 358.50 Td (review ) Tj ET Q q 0 0 0 rg BT 538.69 358.50 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 346.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 376.15 346.50 Td (versus ) Tj ET Q q 0 0 0 rg BT 403.33 346.50 Td (established ) Tj ET Q q 0 0 0 rg BT 449.40 346.50 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 492.14 346.50 Td (and ) Tj ET Q q 0 0 0 rg BT 508.20 346.50 Td (assess ) Tj ET Q q 0 0 0 rg BT 534.28 346.50 Td (the ) Tj ET Q q 0 0 0 rg BT 548.12 346.50 Td (need ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 334.50 Td (to ) Tj ET Q q 0 0 0 rg BT 334.13 334.50 Td (re-allocate ) Tj ET Q q 0 0 0 rg BT 378.66 334.50 Td (our ) Tj ET Q q 0 0 0 rg BT 394.34 334.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 427.22 334.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 450.12 334.50 Td (based ) Tj ET Q q 0 0 0 rg BT 475.24 334.50 Td (on ) Tj ET Q q 0 0 0 rg BT 487.58 334.50 Td (business ) Tj ET Q q 0 0 0 rg BT 523.82 334.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 541.73 334.50 Td (needs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 322.50 Td (W) Tj ET Q q 0 0 0 rg BT 332.64 322.50 Td (e ) Tj ET Q q 0 0 0 rg BT 339.02 322.50 Td (also ) Tj ET Q q 0 0 0 rg BT 357.07 322.50 Td (monitor ) Tj ET Q q 0 0 0 rg BT 390.68 322.50 Td (key ) Tj ET Q q 0 0 0 rg BT 407.06 322.50 Td (metrics, ) Tj ET Q q 0 0 0 rg BT 440.93 322.50 Td (including ) Tj ET Q q 0 0 0 rg BT 480.65 322.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 502.03 322.50 Td (and ) Tj ET Q q 0 0 0 rg BT 518.41 322.50 Td (liability ) Tj ET Q q 0 0 0 rg BT 551.46 322.50 Td (size ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 310.50 Td (and ) Tj ET Q q 0 0 0 rg BT 340.94 310.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 370.09 310.50 Td (usage.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 324.00 290.30 Td (T) Tj ET Q q 0 0 0 rg BT 328.56 290.30 Td (otal ) Tj ET Q q 0 0 0 rg BT 345.72 290.30 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 419.5 267.79999999999995 m 456.5 267.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 267.79999999999995 m 493.5 267.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 267.79999999999995 m 530.5 267.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 267.79999999999995 m 567.5 267.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 255.79999999999995 m 419.5 255.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 255.79999999999995 m 456.5 255.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 255.79999999999995 m 493.5 255.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 255.79999999999995 m 530.5 255.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 255.79999999999995 m 567.5 255.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 231.79999999999995 m 419.5 231.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 231.79999999999995 m 456.5 231.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 231.79999999999995 m 493.5 231.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 231.79999999999995 m 530.5 231.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 231.79999999999995 m 567.5 231.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 219.79999999999995 m 419.5 219.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 219.79999999999995 m 456.5 219.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 219.79999999999995 m 493.5 219.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 219.79999999999995 m 530.5 219.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 219.79999999999995 m 567.5 219.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 207.79999999999995 m 419.5 207.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 207.79999999999995 m 456.5 207.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 207.79999999999995 m 493.5 207.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 207.79999999999995 m 530.5 207.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 207.79999999999995 m 567.5 207.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 188.79999999999995 m 419.5 188.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 188.79999999999995 m 456.5 188.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 188.79999999999995 m 493.5 188.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 188.79999999999995 m 530.5 188.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 188.79999999999995 m 567.5 188.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 176.79999999999995 m 419.5 176.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 176.79999999999995 m 456.5 176.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 176.79999999999995 m 493.5 176.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 176.79999999999995 m 530.5 176.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 176.79999999999995 m 567.5 176.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 157.79999999999995 m 419.5 157.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 145.79999999999995 m 419.5 145.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 157.79999999999995 m 456.5 157.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 145.79999999999995 m 456.5 145.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 157.79999999999995 m 493.5 157.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 145.79999999999995 m 493.5 145.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 157.79999999999995 m 530.5 157.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 145.79999999999995 m 530.5 145.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 157.79999999999995 m 567.5 157.79999999999995 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 145.79999999999995 m 567.5 145.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 133.79999999999995 m 419.5 133.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 133.79999999999995 m 456.5 133.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 133.79999999999995 m 493.5 133.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 133.79999999999995 m 530.5 133.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 133.79999999999995 m 567.5 133.79999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 121.79999999999995 m 419.5 121.79999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 121.79999999999995 m 456.5 121.79999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 456.5 121.79999999999995 m 493.5 121.79999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 121.79999999999995 m 530.5 121.79999999999995 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 121.79999999999995 m 567.5 121.79999999999995 l s BT /F7 7.00 Tf ET q 0 0 0 rg BT 465.55 271.80 Td (At June 30, 2019) Tj ET Q BT /F8 7.00 Tf ET q 0 0 0 rg BT 327.00 260.20 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 434.15 259.80 Td (IS) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 468.25 259.80 Td (WM) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 507.60 259.80 Td (IM) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 541.10 259.80 Td (T) Tj ET Q q 0 0 0 rg BT 544.60 259.80 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 327.00 248.20 Td (Assets) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 235.80 Td (Cash and cash equivalents) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 411.05 239.14 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 422.00 235.80 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 432.20 235.80 Td (69,135) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 459.00 235.80 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 469.20 235.80 Td (10,394) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 496.00 235.80 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 519.85 235.80 Td (51) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 533.00 235.80 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 543.20 235.80 Td (79,580) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 223.80 Td (T) Tj ET Q q 0 0 0 rg BT 331.15 223.80 Td (rading assets at fair value) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 428.30 223.80 Td (284,145) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 482.85 223.80 Td (57) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.10 223.80 Td (2,763) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 539.30 223.80 Td (286,965) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 211.80 Td (Investment securities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 432.20 211.80 Td (33,281) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 469.20 211.80 Td (69,785) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 520.65 211.80 Td (—) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 539.30 211.80 Td (103,066) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 199.80 Td (Securities purchased under) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 331.50 192.80 Td (agreements to resell) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 432.20 192.80 Td (78,623) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 473.10 192.80 Td (6,775) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 520.65 192.80 Td (—) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 543.20 192.80 Td (85,398) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 180.80 Td (Securities borrowed) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 428.30 180.80 Td (133,340) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 478.95 180.80 Td (240) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 520.65 180.80 Td (—) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 539.30 180.80 Td (133,580) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 168.80 Td (Customer and other) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 331.50 161.80 Td (receivables) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 432.20 161.80 Td (37,348) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 469.20 161.80 Td (15,406) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 515.95 161.80 Td (627) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 543.20 161.80 Td (53,381) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 149.80 Td (Loans, net of allowance) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 400.55 153.14 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 432.20 149.80 Td (46,822) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 469.20 149.80 Td (74,074) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 523.75 149.80 Td (5) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 539.30 149.80 Td (120,901) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 137.80 Td (Other assets) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 366.68 141.14 Td (3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 432.20 137.80 Td (14,054) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 469.20 137.80 Td (13,080) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.10 137.80 Td (1,954) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 543.20 137.80 Td (29,088) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 327.00 126.20 Td (T) Tj ET Q q 0 0 0 rg BT 330.76 126.20 Td (otal assets) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 422.00 125.80 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 428.30 125.80 Td (696,748) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 459.00 125.80 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 465.30 125.80 Td (189,81) Tj ET Q q 0 0 0 rg BT 486.71 125.80 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 496.00 125.80 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 510.10 125.80 Td (5,400) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 533.00 125.80 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 539.30 125.80 Td (891,959) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 110.30 Td ( ) Tj ET 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 716.5 m 186.5 716.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 716.5 m 223.5 716.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 716.5 m 260.5 716.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 716.5 m 297.5 716.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 704.5 m 149.5 704.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 704.5 m 186.5 704.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 704.5 m 223.5 704.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 704.5 m 260.5 704.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 704.5 m 297.5 704.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 678.5 m 149.5 678.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 678.5 m 186.5 678.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 678.5 m 223.5 678.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 678.5 m 260.5 678.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 678.5 m 297.5 678.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 666.5 m 149.5 666.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 666.5 m 186.5 666.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 666.5 m 223.5 666.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 666.5 m 260.5 666.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 666.5 m 297.5 666.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 654.5 m 149.5 654.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 654.5 m 186.5 654.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 654.5 m 223.5 654.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 654.5 m 260.5 654.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 654.5 m 297.5 654.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 635.5 m 149.5 635.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 635.5 m 186.5 635.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 635.5 m 223.5 635.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 635.5 m 260.5 635.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 635.5 m 297.5 635.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 623.5 m 149.5 623.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 623.5 m 186.5 623.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 623.5 m 223.5 623.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 623.5 m 260.5 623.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 623.5 m 297.5 623.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 604.5 m 149.5 604.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 590.5 m 149.5 590.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 604.5 m 186.5 604.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 590.5 m 186.5 590.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 604.5 m 223.5 604.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 590.5 m 223.5 590.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 604.5 m 260.5 604.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 590.5 m 260.5 590.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 604.5 m 297.5 604.5 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 590.5 m 297.5 590.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 576.5 m 149.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 576.5 m 186.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 576.5 m 223.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 576.5 m 260.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 576.5 m 297.5 576.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 564.5 m 149.5 564.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 149.5 564.5 m 186.5 564.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 186.5 564.5 m 223.5 564.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 223.5 564.5 m 260.5 564.5 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 564.5 m 297.5 564.5 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 720.50 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 187.95 720.50 Td (At December 31, 2018) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 57.00 709.63 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 164.15 708.50 Td (IS) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 198.25 708.50 Td (WM) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 237.60 708.50 Td (IM) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 271.10 708.50 Td (T) Tj ET Q q 0 0 0 rg BT 274.60 708.50 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 57.00 696.90 Td (Assets) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 682.50 Td (Cash and cash equivalents) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 141.05 685.84 Td (1) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 152.00 682.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 162.20 682.50 Td (69,526) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 189.00 682.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 199.20 682.50 Td (17,621) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 226.00 682.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 249.85 682.50 Td (49) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 263.00 682.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 273.20 682.50 Td (87,196) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 670.50 Td (T) Tj ET Q q 0 0 0 rg BT 61.15 670.50 Td (rading assets at fair value) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 158.30 670.50 Td (263,870) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 212.85 670.50 Td (60) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 240.10 670.50 Td (2,369) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 269.30 670.50 Td (266,299) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 658.50 Td (Investment securities) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 162.20 658.50 Td (23,273) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 199.20 658.50 Td (68,559) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 250.65 658.50 Td (—) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 273.20 658.50 Td (91,832) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 646.50 Td (Securities purchased under) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 61.50 639.50 Td (agreements to resell) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 162.20 639.50 Td (80,660) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 199.20 639.50 Td (17,862) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 250.65 639.50 Td (—) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 273.20 639.50 Td (98,522) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 627.50 Td (Securities borrowed) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 158.30 627.50 Td (1) Tj ET Q q 0 0 0 rg BT 162.19 627.50 Td (16,207) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 208.95 627.50 Td (106) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 250.65 627.50 Td (—) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 269.30 627.50 Td (1) Tj ET Q q 0 0 0 rg BT 273.19 627.50 Td (16,313) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 615.50 Td (Customer and other) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 61.50 608.50 Td (receivables) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 162.20 608.50 Td (35,777) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 199.20 608.50 Td (16,865) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 245.95 608.50 Td (656) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 273.20 608.50 Td (53,298) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 594.50 Td (Loans, net of allowance) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 130.55 597.84 Td (2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 162.20 594.50 Td (43,380) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 199.20 594.50 Td (72,194) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 253.75 594.50 Td (5) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 269.30 594.50 Td (1) Tj ET Q q 0 0 0 rg BT 273.19 594.50 Td (15,579) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 580.50 Td (Other assets) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 96.68 583.84 Td (3) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 162.20 580.50 Td (13,734) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 203.10 580.50 Td (9,125) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 240.10 580.50 Td (1,633) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 273.20 580.50 Td (24,492) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 57.00 568.90 Td (T) Tj ET Q q 0 0 0 rg BT 60.76 568.90 Td (otal assets) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 152.00 568.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 158.30 568.50 Td (646,427) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 189.00 568.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 195.30 568.50 Td (202,392) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 226.00 568.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 240.10 568.50 Td (4,712) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 263.00 568.50 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 269.30 568.50 Td (853,531) Tj ET Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 551.20 Td (IS—Institutional ) Tj ET Q q 0 0 0 rg BT 101.33 551.20 Td (Securities) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 543.40 Td (WM—W) Tj ET Q q 0 0 0 rg BT 78.07 543.40 Td (ealth ) Tj ET Q q 0 0 0 rg BT 93.97 543.40 Td (Management) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 535.60 Td (IM—Investment ) Tj ET Q q 0 0 0 rg BT 101.32 535.60 Td (Management) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 527.80 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 527.80 Td (Cash ) Tj ET Q q 0 0 0 rg BT 80.46 527.80 Td (and ) Tj ET Q q 0 0 0 rg BT 93.59 527.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 109.61 527.80 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 144.78 527.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 170.91 527.80 Td (Cash ) Tj ET Q q 0 0 0 rg BT 188.37 527.80 Td (and ) Tj ET Q q 0 0 0 rg BT 201.50 527.80 Td (due ) Tj ET Q q 0 0 0 rg BT 214.63 527.80 Td (from ) Tj ET Q q 0 0 0 rg BT 229.92 527.80 Td (banks, ) Tj ET Q q 0 0 0 rg BT 251.36 527.80 Td (Interest ) Tj ET Q q 0 0 0 rg BT 275.32 527.80 Td (bearing ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 520.00 Td (deposits ) Tj ET Q q 0 0 0 rg BT 89.02 520.00 Td (with ) Tj ET Q q 0 0 0 rg BT 102.38 520.00 Td (banks ) Tj ET Q q 0 0 0 rg BT 121.54 520.00 Td (and ) Tj ET Q q 0 0 0 rg BT 134.19 520.00 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 165.25 520.00 Td (cash.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 512.20 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 512.20 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 90.90 512.20 Td (include ) Tj ET Q q 0 0 0 rg BT 113.74 512.20 Td (loans ) Tj ET Q q 0 0 0 rg BT 131.53 512.20 Td (held ) Tj ET Q q 0 0 0 rg BT 146.06 512.20 Td (for ) Tj ET Q q 0 0 0 rg BT 155.89 512.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 189.57 512.20 Td (\(net ) Tj ET Q q 0 0 0 rg BT 203.02 512.20 Td (of ) Tj ET Q q 0 0 0 rg BT 210.68 512.20 Td (allowance\) ) Tj ET Q q 0 0 0 rg BT 244.00 512.20 Td (and ) Tj ET Q q 0 0 0 rg BT 257.09 512.20 Td (loans ) Tj ET Q q 0 0 0 rg BT 274.88 512.20 Td (held ) Tj ET Q q 0 0 0 rg BT 289.41 512.20 Td (for ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 504.40 Td (sale ) Tj ET Q q 0 0 0 rg BT 77.32 504.40 Td (but ) Tj ET Q q 0 0 0 rg BT 88.74 504.40 Td (exclude ) Tj ET Q q 0 0 0 rg BT 113.54 504.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 131.47 504.40 Td (at ) Tj ET Q q 0 0 0 rg BT 139.29 504.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 150.71 504.40 Td (value, ) Tj ET Q q 0 0 0 rg BT 170.45 504.40 Td (which ) Tj ET Q q 0 0 0 rg BT 189.46 504.40 Td (are ) Tj ET Q q 0 0 0 rg BT 201.24 504.40 Td (included ) Tj ET Q q 0 0 0 rg BT 227.85 504.40 Td (in ) Tj ET Q q 0 0 0 rg BT 235.15 504.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.87 504.40 Td (rading ) Tj ET Q q 0 0 0 rg BT 259.34 504.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 280.51 504.40 Td (in ) Tj ET Q q 0 0 0 rg BT 287.97 504.40 Td (the ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 496.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 87.58 496.60 Td (sheets ) Tj ET Q q 0 0 0 rg BT 108.53 496.60 Td (\(see ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 122.99 496.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 138.52 496.60 Td (7) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 142.14 496.60 Td ( ) Tj ET Q q 0 0 0 rg BT 143.94 496.60 Td (to ) Tj ET Q q 0 0 0 rg BT 151.17 496.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.01 496.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.67 496.60 Td (statements\).) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 488.80 Td (3. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 488.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 81.09 488.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 101.72 488.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 128.11 488.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 153.79 488.80 Td (Goodwill, ) Tj ET Q q 0 0 0 rg BT 182.37 488.80 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 212.39 488.80 Td (assets, ) Tj ET Q q 0 0 0 rg BT 234.82 488.80 Td (premises, ) Tj ET Q q 0 0 0 rg BT 264.83 488.80 Td (equipment, ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 481.00 Td (software, ) Tj ET Q q 0 0 0 rg BT 90.71 481.00 Td (other ) Tj ET Q q 0 0 0 rg BT 106.86 481.00 Td (investments, ) Tj ET Q q 0 0 0 rg BT 144.68 481.00 Td (ROU ) Tj ET Q q 0 0 0 rg BT 160.46 481.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 180.59 481.00 Td (related ) Tj ET Q q 0 0 0 rg BT 201.80 481.00 Td (to ) Tj ET Q q 0 0 0 rg BT 208.55 481.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 228.68 481.00 Td (and ) Tj ET Q q 0 0 0 rg BT 240.86 481.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 266.41 481.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 276.42 481.00 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 459.00 Td (A) Tj ET Q q 0 0 0 rg BT 60.67 459.00 Td ( ) Tj ET Q q 0 0 0 rg BT 67.16 459.00 Td (substantial ) Tj ET Q q 0 0 0 rg BT 116.42 459.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 151.79 459.00 Td (of ) Tj ET Q q 0 0 0 rg BT 166.61 459.00 Td (total ) Tj ET Q q 0 0 0 rg BT 190.87 459.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 220.69 459.00 Td (consists ) Tj ET Q q 0 0 0 rg BT 258.85 459.00 Td (of ) Tj ET Q q 0 0 0 rg BT 273.67 459.00 Td (liquid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 447.00 Td (marketable ) Tj ET Q q 0 0 0 rg BT 104.93 447.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 149.20 447.00 Td (and ) Tj ET Q q 0 0 0 rg BT 170.14 447.00 Td (short-term ) Tj ET Q q 0 0 0 rg BT 218.31 447.00 Td (receivables ) Tj ET Q q 0 0 0 rg BT 269.78 447.00 Td (arising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 435.00 Td (principally ) Tj ET Q q 0 0 0 rg BT 99.02 435.00 Td (from ) Tj ET Q q 0 0 0 rg BT 120.16 435.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 141.30 435.00 Td (and ) Tj ET Q q 0 0 0 rg BT 157.44 435.00 Td (trading ) Tj ET Q q 0 0 0 rg BT 187.47 435.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 225.27 435.00 Td (in ) Tj ET Q q 0 0 0 rg BT 234.75 435.00 Td (the ) Tj ET Q q 0 0 0 rg BT 248.67 435.00 Td (Institutional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 423.00 Td (Securities ) Tj ET Q q 0 0 0 rg BT 96.98 423.00 Td (business ) Tj ET Q q 0 0 0 rg BT 134.42 423.00 Td (segment. ) Tj ET Q q 0 0 0 rg BT 173.54 423.00 Td (T) Tj ET Q q 0 0 0 rg BT 178.95 423.00 Td (otal ) Tj ET Q q 0 0 0 rg BT 197.49 423.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 224.37 423.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 265.68 423.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.00 423.00 Td ($892 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 411.00 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.11 411.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.45 411.00 Td (at ) Tj ET Q q 0 0 0 rg BT 94.00 411.00 Td (June ) Tj ET Q q 0 0 0 rg BT 115.66 411.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 131.49 411.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.49 411.00 Td ( ) Tj ET Q q 0 0 0 rg BT 154.82 411.00 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.59 411.00 Td ($854 ) Tj ET Q q 0 0 0 rg BT 200.93 411.00 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.04 411.00 Td ( ) Tj ET Q q 0 0 0 rg BT 230.37 411.00 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.92 411.00 Td (December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 399.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 399.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.58 399.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 117.88 399.00 Td (due ) Tj ET Q q 0 0 0 rg BT 134.40 399.00 Td (to ) Tj ET Q q 0 0 0 rg BT 144.26 399.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 182.99 399.00 Td (in ) Tj ET Q q 0 0 0 rg BT 192.86 399.00 Td (the ) Tj ET Q q 0 0 0 rg BT 207.16 399.00 Td (Institutional ) Tj ET Q q 0 0 0 rg BT 257.57 399.00 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 387.00 Td (business ) Tj ET Q q 0 0 0 rg BT 90.47 387.00 Td (segment, ) Tj ET Q q 0 0 0 rg BT 128.87 387.00 Td (with ) Tj ET Q q 0 0 0 rg BT 149.22 387.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 177.15 387.00 Td (T) Tj ET Q q 0 0 0 rg BT 182.91 387.00 Td (rading ) Tj ET Q q 0 0 0 rg BT 211.03 387.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 239.44 387.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 279.22 387.00 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 375.00 Td (T) Tj ET Q q 0 0 0 rg BT 59.76 375.00 Td (reasuries, ) Tj ET Q q 0 0 0 rg BT 99.20 375.00 Td (and ) Tj ET Q q 0 0 0 rg BT 115.04 375.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 141.98 375.00 Td (Securities ) Tj ET Q q 0 0 0 rg BT 182.82 375.00 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 222.54 375.00 Td (as ) Tj ET Q q 0 0 0 rg BT 232.27 375.00 Td (a ) Tj ET Q q 0 0 0 rg BT 238.11 375.00 Td (result ) Tj ET Q q 0 0 0 rg BT 261.73 375.00 Td (of ) Tj ET Q q 0 0 0 rg BT 271.46 375.00 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 363.00 Td (period-end ) Tj ET Q q 0 0 0 rg BT 101.44 363.00 Td (client ) Tj ET Q q 0 0 0 rg BT 127.78 363.00 Td (balances ) Tj ET Q q 0 0 0 rg BT 166.33 363.00 Td (within ) Tj ET Q q 0 0 0 rg BT 196.01 363.00 Td (Equity ) Tj ET Q q 0 0 0 rg BT 226.80 363.00 Td (Financing. ) Tj ET Q q 0 0 0 rg BT 273.12 363.00 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 351.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 93.26 351.00 Td (were ) Tj ET Q q 0 0 0 rg BT 115.30 351.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 151.23 351.00 Td (of) Tj ET Q q 0 0 0 rg BT 159.38 351.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 176.43 351.00 Td (by ) Tj ET Q q 0 0 0 rg BT 189.04 351.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 214.42 351.00 Td (Securities ) Tj ET Q q 0 0 0 rg BT 256.46 351.00 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 339.00 Td (under ) Tj ET Q q 0 0 0 rg BT 80.70 339.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 130.16 339.00 Td (to ) Tj ET Q q 0 0 0 rg BT 141.87 339.00 Td (resell ) Tj ET Q q 0 0 0 rg BT 167.45 339.00 Td (within ) Tj ET Q q 0 0 0 rg BT 196.93 339.00 Td (the ) Tj ET Q q 0 0 0 rg BT 212.80 339.00 Td (W) Tj ET Q q 0 0 0 rg BT 221.43 339.00 Td (ealth ) Tj ET Q q 0 0 0 rg BT 244.80 339.00 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 327.00 Td (business ) Tj ET Q q 0 0 0 rg BT 90.39 327.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 126.22 327.00 Td (as ) Tj ET Q q 0 0 0 rg BT 137.05 327.00 Td (a ) Tj ET Q q 0 0 0 rg BT 143.99 327.00 Td (result ) Tj ET Q q 0 0 0 rg BT 168.70 327.00 Td (of ) Tj ET Q q 0 0 0 rg BT 179.53 327.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 204.80 327.00 Td (Deposits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.30 327.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 305.00 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 96.52 305.00 Td (Risk ) Tj ET Q q 0 0 0 rg BT 118.47 305.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 177.07 305.00 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 283.00 Td (The ) Tj ET Q q 0 0 0 rg BT 74.19 283.00 Td (core ) Tj ET Q q 0 0 0 rg BT 96.04 283.00 Td (components ) Tj ET Q q 0 0 0 rg BT 149.01 283.00 Td (of ) Tj ET Q q 0 0 0 rg BT 161.98 283.00 Td (our ) Tj ET Q q 0 0 0 rg BT 179.95 283.00 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 221.82 283.00 Td (Risk ) Tj ET Q q 0 0 0 rg BT 244.80 283.00 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 271.00 Td (Framework ) Tj ET Q q 0 0 0 rg BT 102.23 271.00 Td (are ) Tj ET Q q 0 0 0 rg BT 116.57 271.00 Td (the ) Tj ET Q q 0 0 0 rg BT 130.91 271.00 Td (Required ) Tj ET Q q 0 0 0 rg BT 169.70 271.00 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 209.05 271.00 Td (Framework, ) Tj ET Q q 0 0 0 rg BT 259.78 271.00 Td (Liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 259.00 Td (Stress ) Tj ET Q q 0 0 0 rg BT 80.52 259.00 Td (T) Tj ET Q q 0 0 0 rg BT 85.93 259.00 Td (ests ) Tj ET Q q 0 0 0 rg BT 103.77 259.00 Td (and ) Tj ET Q q 0 0 0 rg BT 121.04 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 136.09 259.00 Td (GLR, ) Tj ET Q q 0 0 0 rg BT 161.42 259.00 Td (which ) Tj ET Q q 0 0 0 rg BT 188.70 259.00 Td (support ) Tj ET Q q 0 0 0 rg BT 221.53 259.00 Td (our ) Tj ET Q q 0 0 0 rg BT 237.70 259.00 Td (tar) Tj ET Q q 0 0 0 rg BT 248.06 259.00 Td (get ) Tj ET Q q 0 0 0 rg BT 263.11 259.00 Td (liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 247.00 Td (profile. ) Tj ET Q q 0 0 0 rg BT 86.83 247.00 Td (For ) Tj ET Q q 0 0 0 rg BT 104.41 247.00 Td (a ) Tj ET Q q 0 0 0 rg BT 112.52 247.00 Td (further ) Tj ET Q q 0 0 0 rg BT 143.41 247.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 188.76 247.00 Td (about ) Tj ET Q q 0 0 0 rg BT 214.65 247.00 Td (the ) Tj ET Q q 0 0 0 rg BT 230.55 247.00 Td (Firm’) Tj ET Q q 0 0 0 rg BT 252.78 247.00 Td (s ) Tj ET Q q 0 0 0 rg BT 260.35 247.00 Td (Required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 235.00 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 99.40 235.00 Td (Framework ) Tj ET Q q 0 0 0 rg BT 153.67 235.00 Td (and ) Tj ET Q q 0 0 0 rg BT 176.28 235.00 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 221.67 235.00 Td (Stress ) Tj ET Q q 0 0 0 rg BT 253.15 235.00 Td (T) Tj ET Q q 0 0 0 rg BT 258.56 235.00 Td (ests, ) Tj ET Q q 0 0 0 rg BT 284.23 235.00 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 223.00 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.44 223.00 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.42 223.00 Td (s ) Tj ET Q q 0 0 0 rg BT 125.85 223.00 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 178.28 223.00 Td (and ) Tj ET Q q 0 0 0 rg BT 199.38 223.00 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 242.92 223.00 Td (of ) Tj ET Q q 0 0 0 rg BT 259.79 223.00 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 211.00 Td (Condition ) Tj ET Q q 0 0 0 rg BT 96.73 211.00 Td (and ) Tj ET Q q 0 0 0 rg BT 113.90 211.00 Td (Results ) Tj ET Q q 0 0 0 rg BT 146.07 211.00 Td (of ) Tj ET Q q 0 0 0 rg BT 157.13 211.00 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 250.96 211.00 Td (and ) Tj ET Q q 0 0 0 rg BT 268.12 211.00 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 199.00 Td (Resources—Liquidity ) Tj ET Q q 0 0 0 rg BT 145.04 199.00 Td (Risk ) Tj ET Q q 0 0 0 rg BT 166.10 199.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 221.03 199.00 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.12 199.00 Td (” ) Tj ET Q q 0 0 0 rg BT 274.28 199.00 Td (in ) Tj ET Q q 0 0 0 rg BT 284.78 199.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 187.00 Td (2018 ) Tj ET Q q 0 0 0 rg BT 76.50 187.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 100.67 187.00 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.22 187.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 165.00 Td (At ) Tj ET Q q 0 0 0 rg BT 68.37 165.00 Td (June ) Tj ET Q q 0 0 0 rg BT 91.06 165.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 107.93 165.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.93 165.00 Td ( ) Tj ET Q q 0 0 0 rg BT 132.29 165.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.10 165.00 Td (December 31, ) Tj ET Q q 0 0 0 rg BT 211.55 165.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.55 165.00 Td (, ) Tj ET Q q 0 0 0 rg BT 238.41 165.00 Td (we maintained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 153.00 Td (suf) Tj ET Q q 0 0 0 rg BT 66.04 153.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 95.62 153.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 133.54 153.00 Td (to ) Tj ET Q q 0 0 0 rg BT 145.36 153.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 168.82 153.00 Td (current ) Tj ET Q q 0 0 0 rg BT 201.17 153.00 Td (and ) Tj ET Q q 0 0 0 rg BT 219.65 153.00 Td (contingent ) Tj ET Q q 0 0 0 rg BT 265.89 153.00 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 141.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 100.94 141.00 Td (as ) Tj ET Q q 0 0 0 rg BT 111.77 141.00 Td (modeled ) Tj ET Q q 0 0 0 rg BT 148.71 141.00 Td (in ) Tj ET Q q 0 0 0 rg BT 158.99 141.00 Td (our ) Tj ET Q q 0 0 0 rg BT 174.82 141.00 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 214.54 141.00 Td (Stress ) Tj ET Q q 0 0 0 rg BT 240.75 141.00 Td (T) Tj ET Q q 0 0 0 rg BT 246.16 141.00 Td (ests.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 722.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 354.28 722.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 394.00 722.25 Td (Reserve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 700.25 Td (W) Tj ET Q q 0 0 0 rg BT 332.64 700.25 Td (e ) Tj ET Q q 0 0 0 rg BT 342.89 700.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 383.70 700.25 Td (suf) Tj ET Q q 0 0 0 rg BT 395.74 700.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 427.10 700.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 466.81 700.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 505.38 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.98 700.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 547.00 700.25 Td (daily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 688.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 357.63 688.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 382.92 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.88 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.18 688.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 432.13 688.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 468.53 688.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 504.94 688.25 Td (tar) Tj ET Q q 0 0 0 rg BT 515.30 688.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 533.93 688.25 Td (sized ) Tj ET Q q 0 0 0 rg BT 557.00 688.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.00 676.25 Td (Required ) Tj ET Q q 0 0 0 rg BT 376.44 676.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 415.44 676.25 Td (Framework ) Tj ET Q q 0 0 0 rg BT 463.32 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.54 676.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 518.55 676.25 Td (Stress ) Tj ET Q q 0 0 0 rg BT 544.09 676.25 Td (T) Tj ET Q q 0 0 0 rg BT 549.50 676.25 Td (ests. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 664.25 Td (For ) Tj ET Q q 0 0 0 rg BT 342.34 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 351.22 664.25 Td (further ) Tj ET Q q 0 0 0 rg BT 382.87 664.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 428.98 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.76 664.25 Td (our ) Tj ET Q q 0 0 0 rg BT 459.53 664.25 Td (GLR, ) Tj ET Q q 0 0 0 rg BT 486.48 664.25 Td (see ) Tj ET Q q 0 0 0 rg BT 503.69 664.25 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.13 664.25 Td (Management’) Tj ET Q q 0 0 0 rg BT 563.11 664.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 652.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 370.88 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.64 652.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 425.63 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.94 652.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 477.14 652.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 520.13 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 537.56 652.25 Td (Results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.31 640.25 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 429.40 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.82 640.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 478.68 640.25 Td (Resources—Liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 628.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 343.84 628.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 397.54 628.25 Td (Framework—Global ) Tj ET Q q 0 0 0 rg BT 482.36 628.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 521.08 628.25 Td (Reserve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.29 628.25 Td (” ) Tj ET Q q 0 0 0 rg BT 559.23 628.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 616.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.72 616.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 361.22 616.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 385.39 616.25 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.94 616.25 Td (.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 324.00 596.05 Td (GLR by T) Tj ET Q q 0 0 0 rg BT 361.15 596.05 Td (ype of Investment) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 559.55 m 461.5 559.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 559.55 m 514.5 559.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 559.55 m 567.5 559.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 547.55 m 461.5 547.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 535.55 m 461.5 535.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 547.55 m 514.5 547.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 535.55 m 514.5 535.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 547.55 m 567.5 547.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 535.55 m 567.5 535.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 511.55 m 461.5 511.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 511.55 m 514.5 511.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 511.55 m 567.5 511.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 492.55 m 461.5 492.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 480.55 m 461.5 480.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 492.55 m 514.5 492.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 480.55 m 514.5 480.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 492.55 m 567.5 492.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 480.55 m 567.5 480.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 468.55 m 461.5 468.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 468.55 m 514.5 468.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 468.55 m 567.5 468.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 456.55 m 461.5 456.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 456.55 m 514.5 456.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 456.55 m 567.5 456.55 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 327.00 563.33 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 483.80 577.55 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 473.45 570.55 Td (June 30,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 479.70 563.55 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.15 577.55 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.50 570.55 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.70 563.55 Td (2018) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 551.55 Td (Cash deposits with banks) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 406.38 554.89 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.00 551.55 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.20 551.55 Td (10,195) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.00 551.55 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 543.20 551.55 Td (10,441) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 539.55 Td (Cash deposits with central banks) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 429.33 542.89 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.20 539.55 Td (33,694) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 543.20 539.55 Td (36,109) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 527.95 Td (Unencumbered highly liquid securities:) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 333.00 515.95 Td (U.S. government obligations) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.20 515.55 Td (99,639) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 539.30 515.55 Td (1) Tj ET Q q 0 0 0 rg BT 543.19 515.55 Td (19,138) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 333.00 503.95 Td (U.S. agency and agency mortgage-) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 337.50 496.95 Td (backed securities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.20 496.55 Td (44,051) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 543.20 496.55 Td (41,473) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 331.50 484.55 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 429.94 487.89 Td (2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.20 484.55 Td (31,072) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 543.20 484.55 Td (39,869) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 333.00 472.95 Td (Other investment grade securities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.10 472.55 Td (3,141) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 547.10 472.55 Td (2,705) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 327.00 460.95 Td (T) Tj ET Q q 0 0 0 rg BT 330.76 460.95 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.00 460.55 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 486.30 460.55 Td (221,792) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.00 460.55 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 539.30 460.55 Td (249,735) Tj ET Q BT /F1 10.00 Tf ET BT /F6 6.50 Tf ET q 0 0 0 rg BT 324.00 443.25 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 333.00 443.25 Td (Included ) Tj ET Q q 0 0 0 rg BT 359.48 443.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.45 443.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 383.53 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 396.28 443.25 Td (due ) Tj ET Q q 0 0 0 rg BT 409.03 443.25 Td (from ) Tj ET Q q 0 0 0 rg BT 423.93 443.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 443.18 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.93 443.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 479.52 443.25 Td (bearing ) Tj ET Q q 0 0 0 rg BT 503.11 443.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 529.22 443.25 Td (with ) Tj ET Q q 0 0 0 rg BT 542.69 443.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 561.94 443.25 Td (in ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 333.00 435.45 Td (the ) Tj ET Q q 0 0 0 rg BT 343.84 435.45 Td (balance ) Tj ET Q q 0 0 0 rg BT 368.42 435.45 Td (sheets.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 324.00 427.65 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 333.00 427.65 Td (Primarily ) Tj ET Q q 0 0 0 rg BT 361.92 427.65 Td (composed ) Tj ET Q q 0 0 0 rg BT 395.55 427.65 Td (of ) Tj ET Q q 0 0 0 rg BT 404.62 427.65 Td (unencumbered ) Tj ET Q q 0 0 0 rg BT 451.62 427.65 Td (Japanese, ) Tj ET Q q 0 0 0 rg BT 485.26 427.65 Td (U.K., ) Tj ET Q q 0 0 0 rg BT 503.35 427.65 Td (French, ) Tj ET Q q 0 0 0 rg BT 529.03 427.65 Td (German ) Tj ET Q q 0 0 0 rg BT 556.16 427.65 Td (and ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 333.00 419.85 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 359.73 419.85 Td (government ) Tj ET Q q 0 0 0 rg BT 395.87 419.85 Td (obligations.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 324.00 399.65 Td (GLR Managed by Bank and Non-Bank Legal Entities) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 356.15 m 407.5 356.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 356.15 m 444.5 356.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 356.15 m 494.5 356.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 356.15 m 567.5 356.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 332.15 m 407.5 332.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 320.15 m 407.5 320.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 332.15 m 444.5 332.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 320.15 m 444.5 320.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 332.15 m 494.5 332.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 320.15 m 494.5 320.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 332.15 m 567.5 332.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 320.15 m 567.5 320.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 308.15 m 407.5 308.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 308.15 m 444.5 308.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 308.15 m 494.5 308.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 308.15 m 567.5 308.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 272.15 m 407.5 272.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 260.15 m 407.5 260.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 272.15 m 444.5 272.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 260.15 m 444.5 260.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 272.15 m 494.5 272.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 260.15 m 494.5 260.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 272.15 m 567.5 272.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 260.15 m 567.5 260.15 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 248.14999999999998 m 407.5 248.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 236.14999999999998 m 407.5 236.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 248.14999999999998 m 444.5 248.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 236.14999999999998 m 444.5 236.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 248.14999999999998 m 494.5 248.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 236.14999999999998 m 494.5 236.14999999999998 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 248.14999999999998 m 567.5 248.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 236.14999999999998 m 567.5 236.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 217.14999999999998 m 407.5 217.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 217.14999999999998 m 444.5 217.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 217.14999999999998 m 494.5 217.14999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 217.14999999999998 m 567.5 217.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 205.14999999999998 m 407.5 205.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 205.14999999999998 m 444.5 205.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 444.5 205.14999999999998 m 494.5 205.14999999999998 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 494.5 205.14999999999998 m 567.5 205.14999999999998 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 327.00 359.93 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 421.80 374.15 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 411.45 367.15 Td (June 30,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 417.70 360.15 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 465.65 374.15 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 447.00 367.15 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 461.20 360.15 Td (2018) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 508.75 381.15 Td (A) Tj ET Q q 0 0 0 rg BT 513.29 381.15 Td (verage Daily ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.85 374.15 Td (Balance) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 497.80 367.15 Td (Three Months Ended) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 507.70 360.15 Td (June 30, 2019) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 327.00 348.55 Td (Bank legal entities) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 336.55 Td (Domestic) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 410.00 336.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 420.20 336.15 Td (72,760) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 447.00 336.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 470.20 336.15 Td (88,809) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 497.00 336.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 543.20 336.15 Td (74,661) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 324.55 Td (Foreign) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 424.10 324.15 Td (5,304) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 474.10 324.15 Td (4,896) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 547.10 324.15 Td (4,727) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 312.55 Td (T) Tj ET Q q 0 0 0 rg BT 330.50 312.55 Td (otal Bank legal entities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 420.20 312.15 Td (78,064) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 470.20 312.15 Td (93,705) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 543.20 312.15 Td (79,388) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 327.00 300.15 Td (Non-Bank legal entities) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 288.55 Td (Domestic:) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 336.00 276.55 Td (Parent Company) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 420.20 276.15 Td (53,143) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 470.20 276.15 Td (64,262) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 543.20 276.15 Td (53,725) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 336.00 264.15 Td (Non-Parent Company) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 420.20 264.15 Td (36,048) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 470.20 264.15 Td (40,936) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 543.20 264.15 Td (42,703) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 252.55 Td (T) Tj ET Q q 0 0 0 rg BT 330.89 252.55 Td (otal Domestic) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 420.20 252.15 Td (89,191) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 466.30 252.15 Td (105,198) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 543.20 252.15 Td (96,428) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 240.55 Td (Foreign) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 420.20 240.15 Td (54,537) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 470.20 240.15 Td (50,832) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 543.20 240.15 Td (53,142) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 228.15 Td (T) Tj ET Q q 0 0 0 rg BT 330.50 228.15 Td (otal Non-Bank legal) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 331.50 221.15 Td (entities) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 416.30 221.15 Td (143,728) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 466.30 221.15 Td (156,030) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 539.30 221.15 Td (149,570) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 327.00 209.55 Td (T) Tj ET Q q 0 0 0 rg BT 330.76 209.55 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 410.00 209.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 416.30 209.15 Td (221,792) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 447.00 209.15 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 466.30 209.15 Td (249,735) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 497.00 209.15 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 539.30 209.15 Td (228,958) Tj ET Q BT /F1 10.00 Tf ET BT /F1 1.00 Tf ET q 0 0 0 rg BT 324.00 204.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 180.45 Td (GLR ) Tj ET Q q 0 0 0 rg BT 345.98 180.45 Td (may ) Tj ET Q q 0 0 0 rg BT 365.17 180.45 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 402.12 180.45 Td (from ) Tj ET Q q 0 0 0 rg BT 423.54 180.45 Td (period ) Tj ET Q q 0 0 0 rg BT 451.06 180.45 Td (to ) Tj ET Q q 0 0 0 rg BT 460.81 180.45 Td (period ) Tj ET Q q 0 0 0 rg BT 488.33 180.45 Td (based ) Tj ET Q q 0 0 0 rg BT 513.08 180.45 Td (on ) Tj ET Q q 0 0 0 rg BT 525.05 180.45 Td (the ) Tj ET Q q 0 0 0 rg BT 539.24 180.45 Td (overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 168.45 Td (size ) Tj ET Q q 0 0 0 rg BT 341.28 168.45 Td (and ) Tj ET Q q 0 0 0 rg BT 357.45 168.45 Td (composition ) Tj ET Q q 0 0 0 rg BT 408.62 168.45 Td (of ) Tj ET Q q 0 0 0 rg BT 418.68 168.45 Td (our ) Tj ET Q q 0 0 0 rg BT 433.74 168.45 Td (balance ) Tj ET Q q 0 0 0 rg BT 466.01 168.45 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 490.78 168.45 Td (the ) Tj ET Q q 0 0 0 rg BT 504.73 168.45 Td (maturity ) Tj ET Q q 0 0 0 rg BT 540.35 168.45 Td (profile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 156.45 Td (of ) Tj ET Q q 0 0 0 rg BT 336.08 156.45 Td (our ) Tj ET Q q 0 0 0 rg BT 353.16 156.45 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 397.45 156.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 418.42 156.45 Td (and ) Tj ET Q q 0 0 0 rg BT 436.61 156.45 Td (estimates ) Tj ET Q q 0 0 0 rg BT 477.57 156.45 Td (of ) Tj ET Q q 0 0 0 rg BT 489.65 156.45 Td (funding ) Tj ET Q q 0 0 0 rg BT 524.51 156.45 Td (needs ) Tj ET Q q 0 0 0 rg BT 551.03 156.45 Td (in ) Tj ET Q q 0 0 0 rg BT 562.56 156.45 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 144.45 Td (stressed ) Tj ET Q q 0 0 0 rg BT 358.16 144.45 Td (environment, ) Tj ET Q q 0 0 0 rg BT 413.70 144.45 Td (among ) Tj ET Q q 0 0 0 rg BT 443.42 144.45 Td (other ) Tj ET Q q 0 0 0 rg BT 466.47 144.45 Td (factors.) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I46 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 485.25 38.46 Td (June 2019 Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 722.25 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 104.27 722.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 146.79 722.25 Td (Framework) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 700.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 93.72 700.25 Td (Coverage ) Tj ET Q q 0 0 0 rg BT 135.10 700.25 Td (Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 678.25 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 678.25 Td (e ) Tj ET Q q 0 0 0 rg BT 72.26 678.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.87 678.25 Td (our ) Tj ET Q q 0 0 0 rg BT 110.38 678.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 133.35 678.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 159.63 678.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 213.70 678.25 Td (are ) Tj ET Q q 0 0 0 rg BT 231.09 678.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 264.59 678.25 Td (to ) Tj ET Q q 0 0 0 rg BT 277.55 678.25 Td (LCR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 666.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 114.73 666.25 Td (including ) Tj ET Q q 0 0 0 rg BT 158.53 666.25 Td (a ) Tj ET Q q 0 0 0 rg BT 168.99 666.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 223.33 666.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.13 666.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 278.69 666.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 654.25 Td (entity’) Tj ET Q q 0 0 0 rg BT 79.55 654.25 Td (s ) Tj ET Q q 0 0 0 rg BT 87.94 654.25 Td (LCR ) Tj ET Q q 0 0 0 rg BT 111.89 654.25 Td (on ) Tj ET Q q 0 0 0 rg BT 126.38 654.25 Td (each ) Tj ET Q q 0 0 0 rg BT 149.20 654.25 Td (business ) Tj ET Q q 0 0 0 rg BT 187.59 654.25 Td (day) Tj ET Q q 0 0 0 rg BT 201.38 654.25 Td (. ) Tj ET Q q 0 0 0 rg BT 208.05 654.25 Td (The ) Tj ET Q q 0 0 0 rg BT 228.09 654.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 284.79 654.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 642.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 91.86 642.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.96 642.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 130.37 642.25 Td (that ) Tj ET Q q 0 0 0 rg BT 147.69 642.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 182.22 642.25 Td (or) Tj ET Q q 0 0 0 rg BT 190.37 642.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 238.23 642.25 Td (have ) Tj ET Q q 0 0 0 rg BT 259.42 642.25 Td (suf) Tj ET Q q 0 0 0 rg BT 271.46 642.25 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 630.25 Td (HQLA) Tj ET Q q 0 0 0 rg BT 81.22 630.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.21 630.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.99 630.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 123.19 630.25 Td (net ) Tj ET Q q 0 0 0 rg BT 139.39 630.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 161.16 630.25 Td (outflows ) Tj ET Q q 0 0 0 rg BT 200.15 630.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 231.36 630.25 Td (from ) Tj ET Q q 0 0 0 rg BT 254.79 630.25 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 618.25 Td (stress ) Tj ET Q q 0 0 0 rg BT 79.49 618.25 Td (over ) Tj ET Q q 0 0 0 rg BT 100.52 618.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 113.78 618.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 150.91 618.25 Td (days, ) Tj ET Q q 0 0 0 rg BT 175.00 618.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 194.94 618.25 Td (promoting ) Tj ET Q q 0 0 0 rg BT 239.87 618.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.35 618.25 Td (short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 606.25 Td (resilience ) Tj ET Q q 0 0 0 rg BT 93.79 606.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.60 606.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.30 606.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 152.68 606.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 169.16 606.25 Td (profile ) Tj ET Q q 0 0 0 rg BT 197.30 606.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.11 606.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 240.81 606.25 Td (or) Tj ET Q q 0 0 0 rg BT 248.96 606.25 Td (ganizations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 584.25 Td (The ) Tj ET Q q 0 0 0 rg BT 72.29 584.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 116.13 584.25 Td (definition ) Tj ET Q q 0 0 0 rg BT 157.75 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.83 584.25 Td (HQLA) Tj ET Q q 0 0 0 rg BT 196.05 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 198.79 584.25 Td (is ) Tj ET Q q 0 0 0 rg BT 208.20 584.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 261.50 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.46 584.25 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 572.25 Td (as ) Tj ET Q q 0 0 0 rg BT 65.07 572.25 Td (our ) Tj ET Q q 0 0 0 rg BT 81.14 572.25 Td (GLR, ) Tj ET Q q 0 0 0 rg BT 106.38 572.25 Td (with ) Tj ET Q q 0 0 0 rg BT 126.90 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.85 572.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 176.25 572.25 Td (dif) Tj ET Q q 0 0 0 rg BT 187.17 572.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 219.33 572.25 Td (being ) Tj ET Q q 0 0 0 rg BT 244.28 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.24 572.25 Td (treatment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 560.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 94.53 560.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 114.80 560.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 151.72 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.66 560.25 Td (unencumbered ) Tj ET Q q 0 0 0 rg BT 230.03 560.25 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 538.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 83.62 538.25 Td (on ) Tj ET Q q 0 0 0 rg BT 98.81 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 117.32 538.25 Td (daily ) Tj ET Q q 0 0 0 rg BT 142.50 538.25 Td (calculations, ) Tj ET Q q 0 0 0 rg BT 197.94 538.25 Td (we ) Tj ET Q q 0 0 0 rg BT 214.79 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.41 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 252.92 538.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 275.89 538.25 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 105.78 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 120.88 526.25 Td (compliant ) Tj ET Q q 0 0 0 rg BT 163.77 526.25 Td (with ) Tj ET Q q 0 0 0 rg BT 184.44 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.56 526.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 241.34 526.25 Td (required ) Tj ET Q q 0 0 0 rg BT 277.55 526.25 Td (LCR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 64.83 514.25 Td (100%.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 54.00 494.05 Td (HQLA) Tj ET Q q 0 0 0 rg BT 77.77 494.05 Td ( by T) Tj ET Q q 0 0 0 rg BT 96.97 494.05 Td (ype of ) Tj ET Q q 0 0 0 rg BT 124.05 494.05 Td (Asset and LCR) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 182.5 464.55 m 240.5 464.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 464.55 m 297.5 464.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 445.55 m 182.5 445.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 182.5 464.55 m 240.5 464.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 182.5 445.55 m 240.5 445.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 464.55 m 297.5 464.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 445.55 m 297.5 445.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 421.55 m 182.5 421.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 409.55 m 182.5 409.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 182.5 421.55 m 240.5 421.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 182.5 409.55 m 240.5 409.55 l s 0.8274509803921568 0.8274509803921568 0.8274509803921568 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 421.55 m 297.5 421.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 409.55 m 297.5 409.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 397.55 m 182.5 397.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 182.5 409.55 m 240.5 409.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 182.5 397.55 m 240.5 397.55 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 397.55 m 297.5 397.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 385.55 m 182.5 385.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 182.5 385.55 m 240.5 385.55 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 385.55 m 297.5 385.55 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 468.55 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 204.15 475.55 Td (A) Tj ET Q q 0 0 0 rg BT 208.76 475.55 Td (verage Daily Balance) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 206.80 468.55 Td (Three Months Ended) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 57.00 449.33 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 196.95 456.55 Td (June 30,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 203.20 449.55 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 252.90 456.55 Td (March 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 260.70 449.55 Td (2019) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 57.00 437.95 Td (HQLA) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 425.95 Td (Cash deposits with central banks) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 185.00 425.55 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 212.30 425.55 Td (32,552) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 243.00 425.55 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 269.30 425.55 Td (37,070) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 413.55 Td (Securities) Tj ET Q BT /F6 7.00 Tf ET BT /F6 4.55 Tf ET q 0 0 0 rg BT 87.73 416.89 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 208.40 413.55 Td (141,613) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.40 413.55 Td (155,713) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 57.00 401.95 Td (T) Tj ET Q q 0 0 0 rg BT 60.76 401.95 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 185.00 401.55 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 208.40 401.55 Td (174,165) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 243.00 401.55 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 265.40 401.55 Td (192,783) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 389.95 Td (LCR) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 222.05 389.55 Td (154) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 233.75 389.55 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 279.05 389.55 Td (150) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 290.75 389.55 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.00 Tf ET q 0 0 0 rg BT 54.00 378.85 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 371.05 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 371.05 Td (Primarily ) Tj ET Q q 0 0 0 rg BT 92.10 371.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 119.77 371.05 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 135.99 371.05 Td (T) Tj ET Q q 0 0 0 rg BT 139.72 371.05 Td (reasuries, ) Tj ET Q q 0 0 0 rg BT 172.08 371.05 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 188.55 371.05 Td (agency ) Tj ET Q q 0 0 0 rg BT 213.33 371.05 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 267.74 371.05 Td (securities, ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 363.25 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 92.99 363.25 Td (bonds ) Tj ET Q q 0 0 0 rg BT 112.51 363.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.16 363.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 158.40 363.25 Td (grade ) Tj ET Q q 0 0 0 rg BT 176.83 363.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 206.10 363.25 Td (bonds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 341.25 Td (The ) Tj ET Q q 0 0 0 rg BT 71.39 341.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 106.00 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.62 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.68 341.25 Td (LCR ) Tj ET Q q 0 0 0 rg BT 150.98 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.61 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.67 341.25 Td (current ) Tj ET Q q 0 0 0 rg BT 204.83 341.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 234.99 341.25 Td (is ) Tj ET Q q 0 0 0 rg BT 243.51 341.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 282.57 341.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 67.61 329.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 98.99 329.25 Td (inflows ) Tj ET Q q 0 0 0 rg BT 134.83 329.25 Td (from ) Tj ET Q q 0 0 0 rg BT 160.10 329.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 205.37 329.25 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 249.52 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.80 329.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.25 Td (securities-for) Tj ET Q q 0 0 0 rg BT 106.55 317.25 Td (-securities ) Tj ET Q q 0 0 0 rg BT 153.40 317.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 209.41 317.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 248.48 317.25 Td (of) Tj ET Q q 0 0 0 rg BT 256.63 317.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 276.81 317.25 Td (by ) Tj ET Q q 0 0 0 rg BT 292.56 317.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 305.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 90.91 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 101.19 305.25 Td (HQLA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.47 305.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 283.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.94 283.25 Td (Stable ) Tj ET Q q 0 0 0 rg BT 99.00 283.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 137.63 283.25 Td (Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 261.25 Td (The ) Tj ET Q q 0 0 0 rg BT 76.07 261.25 Td (Basel ) Tj ET Q q 0 0 0 rg BT 104.81 261.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 155.78 261.25 Td (on ) Tj ET Q q 0 0 0 rg BT 172.30 261.25 Td (Banking ) Tj ET Q q 0 0 0 rg BT 212.71 261.25 Td (Supervision ) Tj ET Q q 0 0 0 rg BT 267.01 261.25 Td (\(“Basel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 249.25 Td (Committee”\) ) Tj ET Q q 0 0 0 rg BT 108.99 249.25 Td (has ) Tj ET Q q 0 0 0 rg BT 125.09 249.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 170.09 249.25 Td (finalized ) Tj ET Q q 0 0 0 rg BT 207.85 249.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.84 249.25 Td (NSFR ) Tj ET Q q 0 0 0 rg BT 250.64 249.25 Td (framework. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 237.25 Td (In ) Tj ET Q q 0 0 0 rg BT 64.89 237.25 Td (May ) Tj ET Q q 0 0 0 rg BT 85.77 237.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 110.83 237.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.60 237.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 145.94 237.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 180.71 237.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 217.69 237.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 245.24 237.25 Td (a ) Tj ET Q q 0 0 0 rg BT 252.24 237.25 Td (proposal ) Tj ET Q q 0 0 0 rg BT 289.23 237.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 225.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 98.72 225.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.89 225.25 Td (NSFR ) Tj ET Q q 0 0 0 rg BT 139.86 225.25 Td (in ) Tj ET Q q 0 0 0 rg BT 149.60 225.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.77 225.25 Td (U.S.; ) Tj ET Q q 0 0 0 rg BT 186.28 225.25 Td (however) Tj ET Q q 0 0 0 rg BT 220.31 225.25 Td (, ) Tj ET Q q 0 0 0 rg BT 224.77 225.25 Td (a ) Tj ET Q q 0 0 0 rg BT 231.16 225.25 Td (final ) Tj ET Q q 0 0 0 rg BT 251.44 225.25 Td (rule ) Tj ET Q q 0 0 0 rg BT 268.94 225.25 Td (has ) Tj ET Q q 0 0 0 rg BT 284.23 225.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 213.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 68.08 213.25 Td (been ) Tj ET Q q 0 0 0 rg BT 88.81 213.25 Td (issued. ) Tj ET Q q 0 0 0 rg BT 118.17 213.25 Td (For ) Tj ET Q q 0 0 0 rg BT 133.92 213.25 Td (an ) Tj ET Q q 0 0 0 rg BT 145.22 213.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 187.07 213.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 230.60 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.79 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.87 213.25 Td (NSFR, ) Tj ET Q q 0 0 0 rg BT 284.24 213.25 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 201.25 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.44 201.25 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.42 201.25 Td (s ) Tj ET Q q 0 0 0 rg BT 125.85 201.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 178.28 201.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.38 201.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 242.92 201.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.79 201.25 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 189.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 96.73 189.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.90 189.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 146.07 189.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.13 189.25 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 250.96 189.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.12 189.25 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 177.25 Td (Resources—Regulatory ) Tj ET Q q 0 0 0 rg BT 154.44 177.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 196.56 177.25 Td (Framework—Net ) Tj ET Q q 0 0 0 rg BT 272.01 177.25 Td (Stable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 165.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 89.84 165.25 Td (Ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.50 165.25 Td (” ) Tj ET Q q 0 0 0 rg BT 118.44 165.25 Td (in ) Tj ET Q q 0 0 0 rg BT 128.72 165.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.44 165.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 165.94 165.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 190.11 165.25 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.66 165.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 143.25 Td (Funding Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 121.25 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 121.25 Td (e ) Tj ET Q q 0 0 0 rg BT 69.90 121.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 103.83 121.25 Td (our ) Tj ET Q q 0 0 0 rg BT 119.99 121.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 153.92 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 164.53 121.25 Td (a ) Tj ET Q q 0 0 0 rg BT 171.80 121.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 204.61 121.25 Td (that ) Tj ET Q q 0 0 0 rg BT 222.43 121.25 Td (reduces ) Tj ET Q q 0 0 0 rg BT 255.80 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.85 121.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 288.67 121.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 109.25 Td (disruption ) Tj ET Q q 0 0 0 rg BT 101.24 109.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.71 109.25 Td (our ) Tj ET Q q 0 0 0 rg BT 135.73 109.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 186.09 109.25 Td (W) Tj ET Q q 0 0 0 rg BT 194.73 109.25 Td (e ) Tj ET Q q 0 0 0 rg BT 205.85 109.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 239.20 109.25 Td (a ) Tj ET Q q 0 0 0 rg BT 250.33 109.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 288.67 109.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 97.25 Td (diversification ) Tj ET Q q 0 0 0 rg BT 114.18 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.94 97.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 157.90 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.76 97.25 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 217.72 97.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 251.26 97.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 283.67 97.25 Td (\(by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 85.25 Td (product, ) Tj ET Q q 0 0 0 rg BT 90.26 85.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 125.69 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.34 85.25 Td (region\) ) Tj ET Q q 0 0 0 rg BT 175.43 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.08 85.25 Td (attempt ) Tj ET Q q 0 0 0 rg BT 226.28 85.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.27 85.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 266.58 85.25 Td (that ) Tj ET Q q 0 0 0 rg BT 284.79 85.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 73.25 Td (tenor ) Tj ET Q q 0 0 0 rg BT 76.74 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.27 73.25 Td (our ) Tj ET Q q 0 0 0 rg BT 102.79 73.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 142.20 73.25 Td (equals ) Tj ET Q q 0 0 0 rg BT 169.94 73.25 Td (or ) Tj ET Q q 0 0 0 rg BT 180.47 73.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 214.31 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.72 73.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 266.45 73.25 Td (holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 61.25 Td (period ) Tj ET Q q 0 0 0 rg BT 82.05 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.88 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.59 61.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 133.42 61.25 Td (being ) Tj ET Q q 0 0 0 rg BT 158.14 61.25 Td (financed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 722.10 Td (W) Tj ET Q q 0 0 0 rg BT 332.64 722.10 Td (e ) Tj ET Q q 0 0 0 rg BT 339.85 722.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 360.96 722.10 Td (our ) Tj ET Q q 0 0 0 rg BT 377.07 722.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 410.38 722.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 433.70 722.10 Td (on ) Tj ET Q q 0 0 0 rg BT 446.48 722.10 Td (a ) Tj ET Q q 0 0 0 rg BT 453.70 722.10 Td (global ) Tj ET Q q 0 0 0 rg BT 481.47 722.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 504.25 722.10 Td (through ) Tj ET Q q 0 0 0 rg BT 538.13 722.10 Td (diverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 710.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 358.06 710.10 Td (These ) Tj ET Q q 0 0 0 rg BT 383.62 710.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 415.30 710.10 Td (include ) Tj ET Q q 0 0 0 rg BT 446.42 710.10 Td (our ) Tj ET Q q 0 0 0 rg BT 461.43 710.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 488.12 710.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 518.95 710.10 Td (borrowings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 698.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 366.58 698.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 388.07 698.10 Td (under ) Tj ET Q q 0 0 0 rg BT 415.66 698.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 466.01 698.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.61 698.10 Td (repurchase, ) Tj ET Q q 0 0 0 rg BT 529.24 698.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 686.10 Td (lending, ) Tj ET Q q 0 0 0 rg BT 358.59 686.10 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 395.97 686.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 422.50 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.93 686.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 457.79 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.33 686.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 495.32 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.75 686.10 Td (credit. ) Tj ET Q q 0 0 0 rg BT 532.96 686.10 Td (W) Tj ET Q q 0 0 0 rg BT 541.59 686.10 Td (e ) Tj ET Q q 0 0 0 rg BT 548.13 686.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 674.10 Td (active ) Tj ET Q q 0 0 0 rg BT 351.57 674.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 393.02 674.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 434.49 674.10 Td (for ) Tj ET Q q 0 0 0 rg BT 449.84 674.10 Td (both ) Tj ET Q q 0 0 0 rg BT 471.31 674.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 508.88 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.02 674.10 Td (structured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 662.10 Td (products ) Tj ET Q q 0 0 0 rg BT 360.94 662.10 Td (tar) Tj ET Q q 0 0 0 rg BT 371.30 662.10 Td (geting ) Tj ET Q q 0 0 0 rg BT 398.80 662.10 Td (global ) Tj ET Q q 0 0 0 rg BT 426.29 662.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 464.90 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.84 662.10 Td (currencies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 650.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 638.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 359.83 638.10 Td (Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 616.10 Td (For ) Tj ET Q q 0 0 0 rg BT 343.10 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.75 616.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 399.63 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.17 616.10 Td (our ) Tj ET Q q 0 0 0 rg BT 431.71 616.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 467.45 616.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 510.42 616.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 554.23 616.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 604.10 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.44 604.10 Td (Management’) Tj ET Q q 0 0 0 rg BT 383.42 604.10 Td (s ) Tj ET Q q 0 0 0 rg BT 395.85 604.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 448.28 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.38 604.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 512.92 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.79 604.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 592.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 366.73 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.90 592.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 416.07 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.13 592.10 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 520.96 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.12 592.10 Td (Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 580.10 Td (Resources—Funding ) Tj ET Q q 0 0 0 rg BT 412.42 580.10 Td (Management—Secured ) Tj ET Q q 0 0 0 rg BT 510.81 580.10 Td (Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.80 580.10 Td (” ) Tj ET Q q 0 0 0 rg BT 559.22 580.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 568.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.72 568.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 361.22 568.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 385.39 568.10 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.94 568.10 Td (.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 324.00 547.90 Td (Collateralized Financing T) Tj ET Q q 0 0 0 rg BT 428.86 547.90 Td (ransactions) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 511.4 m 461.5 511.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 511.4 m 514.5 511.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 511.4 m 567.5 511.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 511.4 m 461.5 511.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 492.4 m 461.5 492.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 473.4 m 461.5 473.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 492.4 m 514.5 492.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 473.4 m 514.5 473.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 492.4 m 567.5 492.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 473.4 m 567.5 473.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 461.4 m 461.5 461.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 461.4 m 514.5 461.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 461.4 m 567.5 461.4 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 327.00 515.18 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 483.80 529.40 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 473.45 522.40 Td (June 30,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 479.70 515.40 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 537.15 529.40 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.50 522.40 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.70 515.40 Td (2018) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 503.80 Td (Securities purchased under agreements) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 331.50 496.80 Td (to resell and Securities borrowed) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.00 496.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 486.30 496.40 Td (218,978) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.00 496.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 539.30 496.40 Td (214,835) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 484.80 Td (Securities sold under agreements to) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 331.50 477.80 Td (repurchase and Securities loaned) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.00 477.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.20 477.40 Td (72,619) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.00 477.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 543.20 477.40 Td (61,667) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 465.40 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 425.43 468.74 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.00 465.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 494.10 465.40 Td (7,208) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.00 465.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 547.10 465.40 Td (7,668) 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 461.5 432.4 m 514.5 432.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 432.4 m 567.5 432.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 413.4 m 514.5 413.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 413.4 m 567.5 413.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 413.4 m 461.5 413.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 394.4 m 461.5 394.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 394.4 m 514.5 394.4 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 394.4 m 567.5 394.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 375.4 m 461.5 375.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461.5 375.4 m 514.5 375.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 514.5 375.4 m 567.5 375.4 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 436.40 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 478.65 443.40 Td (A) Tj ET Q q 0 0 0 rg BT 483.26 443.40 Td (verage Daily Balance) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 481.30 436.40 Td (Three Months Ended) Tj ET Q BT /F8 6.00 Tf ET q 0 0 0 rg BT 327.00 417.18 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 473.45 424.40 Td (June 30,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 479.70 417.40 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 518.50 424.40 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 532.70 417.40 Td (2018) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 405.80 Td (Securities purchased under agreements) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 331.50 398.80 Td (to resell and Securities borrowed) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.00 398.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 486.30 398.40 Td (221,939) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.00 398.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 539.30 398.40 Td (213,974) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 386.80 Td (Securities sold under agreements to) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 331.50 379.80 Td (repurchase and Securities loaned) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 464.00 379.40 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.20 379.40 Td (66,610) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 517.00 379.40 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 543.20 379.40 Td (57,677) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 366.30 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 324.00 358.50 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 333.00 358.50 Td (Securities ) Tj ET Q q 0 0 0 rg BT 362.46 358.50 Td (received ) Tj ET Q q 0 0 0 rg BT 387.94 358.50 Td (as ) Tj ET Q q 0 0 0 rg BT 395.73 358.50 Td (collateral ) Tj ET Q q 0 0 0 rg BT 422.66 358.50 Td (are ) Tj ET Q q 0 0 0 rg BT 432.97 358.50 Td (included ) Tj ET Q q 0 0 0 rg BT 458.10 358.50 Td (in ) Tj ET Q q 0 0 0 rg BT 464.02 358.50 Td (T) Tj ET Q q 0 0 0 rg BT 467.74 358.50 Td (rading ) Tj ET Q q 0 0 0 rg BT 486.73 358.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 506.43 358.50 Td (in ) Tj ET Q q 0 0 0 rg BT 512.41 358.50 Td (the ) Tj ET Q q 0 0 0 rg BT 522.36 358.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 546.05 358.50 Td (sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 336.50 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.69 336.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 362.37 336.50 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.37 336.50 Td ( ) Tj ET Q q 0 0 0 rg BT 369.62 336.50 Td (to ) Tj ET Q q 0 0 0 rg BT 379.65 336.50 Td (the ) Tj ET Q q 0 0 0 rg BT 394.11 336.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 431.34 336.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 475.80 336.50 Td (in ) Tj ET Q q 0 0 0 rg BT 485.82 336.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.29 336.50 Td (2018 ) Tj ET Q q 0 0 0 rg BT 522.54 336.50 Td (Form ) Tj ET Q q 0 0 0 rg BT 546.45 336.50 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 324.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.30 324.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 365.60 324.50 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.60 324.50 Td ( ) Tj ET Q q 0 0 0 rg BT 374.46 324.50 Td (to ) Tj ET Q q 0 0 0 rg BT 386.10 324.50 Td (the ) Tj ET Q q 0 0 0 rg BT 402.18 324.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 441.03 324.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 487.10 324.50 Td (for ) Tj ET Q q 0 0 0 rg BT 502.62 324.50 Td (more ) Tj ET Q q 0 0 0 rg BT 527.03 324.50 Td (details ) Tj ET Q q 0 0 0 rg BT 557.00 324.50 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 312.50 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 380.35 312.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 420.62 312.50 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 290.50 Td (In ) Tj ET Q q 0 0 0 rg BT 334.67 290.50 Td (addition ) Tj ET Q q 0 0 0 rg BT 369.79 290.50 Td (to ) Tj ET Q q 0 0 0 rg BT 379.91 290.50 Td (the ) Tj ET Q q 0 0 0 rg BT 394.47 290.50 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 450.67 290.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 490.78 290.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 540.88 290.50 Td (shown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 278.50 Td (in ) Tj ET Q q 0 0 0 rg BT 335.95 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 352.33 278.50 Td (previous ) Tj ET Q q 0 0 0 rg BT 390.94 278.50 Td (table, ) Tj ET Q q 0 0 0 rg BT 417.04 278.50 Td (we ) Tj ET Q q 0 0 0 rg BT 432.87 278.50 Td (engage ) Tj ET Q q 0 0 0 rg BT 465.36 278.50 Td (in ) Tj ET Q q 0 0 0 rg BT 477.30 278.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 519.24 278.50 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 266.50 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 385.01 266.50 Td (by ) Tj ET Q q 0 0 0 rg BT 402.17 266.50 Td (customer) Tj ET Q q 0 0 0 rg BT 438.63 266.50 Td (-owned ) Tj ET Q q 0 0 0 rg BT 475.77 266.50 Td (securities, ) Tj ET Q q 0 0 0 rg BT 523.20 266.50 Td (which ) Tj ET Q q 0 0 0 rg BT 554.79 266.50 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 254.50 Td (segregated ) Tj ET Q q 0 0 0 rg BT 373.54 254.50 Td (in ) Tj ET Q q 0 0 0 rg BT 388.11 254.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 439.85 254.50 Td (with ) Tj ET Q q 0 0 0 rg BT 464.42 254.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 512.30 254.50 Td (requirements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 242.50 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 377.54 242.50 Td (under ) Tj ET Q q 0 0 0 rg BT 405.53 242.50 Td (these ) Tj ET Q q 0 0 0 rg BT 431.31 242.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 474.30 242.50 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 529.79 242.50 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 230.50 Td (mar) Tj ET Q q 0 0 0 rg BT 339.37 230.50 Td (gin ) Tj ET Q q 0 0 0 rg BT 354.39 230.50 Td (loans, ) Tj ET Q q 0 0 0 rg BT 380.25 230.50 Td (are ) Tj ET Q q 0 0 0 rg BT 394.71 230.50 Td (included ) Tj ET Q q 0 0 0 rg BT 431.39 230.50 Td (in ) Tj ET Q q 0 0 0 rg BT 441.41 230.50 Td (Customer ) Tj ET Q q 0 0 0 rg BT 482.55 230.50 Td (and ) Tj ET Q q 0 0 0 rg BT 499.24 230.50 Td (other ) Tj ET Q q 0 0 0 rg BT 522.03 230.50 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 218.50 Td (in ) Tj ET Q q 0 0 0 rg BT 336.16 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 352.75 218.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 387.66 218.50 Td (sheets, ) Tj ET Q q 0 0 0 rg BT 418.98 218.50 Td (and ) Tj ET Q q 0 0 0 rg BT 437.80 218.50 Td (payables ) Tj ET Q q 0 0 0 rg BT 477.16 218.50 Td (under ) Tj ET Q q 0 0 0 rg BT 504.31 218.50 Td (these ) Tj ET Q q 0 0 0 rg BT 529.24 218.50 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 206.50 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 379.13 206.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 421.21 206.50 Td (to ) Tj ET Q q 0 0 0 rg BT 433.85 206.50 Td (prime ) Tj ET Q q 0 0 0 rg BT 462.04 206.50 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 506.88 206.50 Td (customers, ) Tj ET Q q 0 0 0 rg BT 554.79 206.50 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 194.50 Td (included ) Tj ET Q q 0 0 0 rg BT 360.04 194.50 Td (in ) Tj ET Q q 0 0 0 rg BT 369.43 194.50 Td (Customer ) Tj ET Q q 0 0 0 rg BT 409.92 194.50 Td (and ) Tj ET Q q 0 0 0 rg BT 425.97 194.50 Td (other ) Tj ET Q q 0 0 0 rg BT 448.12 194.50 Td (payables ) Tj ET Q q 0 0 0 rg BT 484.72 194.50 Td (in ) Tj ET Q q 0 0 0 rg BT 494.10 194.50 Td (the ) Tj ET Q q 0 0 0 rg BT 507.93 194.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 540.07 194.50 Td (sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 182.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 345.00 182.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 365.45 182.50 Td (exposure ) Tj ET Q q 0 0 0 rg BT 407.00 182.50 Td (on ) Tj ET Q q 0 0 0 rg BT 422.45 182.50 Td (these ) Tj ET Q q 0 0 0 rg BT 448.45 182.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 501.66 182.50 Td (is ) Tj ET Q q 0 0 0 rg BT 513.78 182.50 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 557.00 182.50 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 170.50 Td (collateral ) Tj ET Q q 0 0 0 rg BT 363.78 170.50 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 416.90 170.50 Td (policies ) Tj ET Q q 0 0 0 rg BT 450.58 170.50 Td (that ) Tj ET Q q 0 0 0 rg BT 468.17 170.50 Td (limit ) Tj ET Q q 0 0 0 rg BT 489.64 170.50 Td (our ) Tj ET Q q 0 0 0 rg BT 505.56 170.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 530.91 170.50 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 158.50 Td (to ) Tj ET Q q 0 0 0 rg BT 336.60 158.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 381.97 158.50 Td (and ) Tj ET Q q 0 0 0 rg BT 401.24 158.50 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 439.95 158.50 Td (reserves ) Tj ET Q q 0 0 0 rg BT 477.54 158.50 Td (held ) Tj ET Q q 0 0 0 rg BT 499.58 158.50 Td (against ) Tj ET Q q 0 0 0 rg BT 532.73 158.50 Td (this ) Tj ET Q q 0 0 0 rg BT 552.00 158.50 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 146.50 Td (exposure.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 122.50 Td (Unsecured ) Tj ET Q q 0 0 0 rg BT 370.94 122.50 Td (Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 98.50 Td (For ) Tj ET Q q 0 0 0 rg BT 341.85 98.50 Td (a ) Tj ET Q q 0 0 0 rg BT 350.25 98.50 Td (discussion ) Tj ET Q q 0 0 0 rg BT 395.88 98.50 Td (of ) Tj ET Q q 0 0 0 rg BT 408.17 98.50 Td (our ) Tj ET Q q 0 0 0 rg BT 425.46 98.50 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 469.95 98.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 511.67 98.50 Td (activities, ) Tj ET Q q 0 0 0 rg BT 554.23 98.50 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 86.50 Td (“) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.44 86.50 Td (Management’) Tj ET Q q 0 0 0 rg BT 383.42 86.50 Td (s ) Tj ET Q q 0 0 0 rg BT 395.85 86.50 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 448.28 86.50 Td (and ) Tj ET Q q 0 0 0 rg BT 469.38 86.50 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 512.92 86.50 Td (of ) Tj ET Q q 0 0 0 rg BT 529.79 86.50 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 74.50 Td (Condition ) Tj ET Q q 0 0 0 rg BT 366.73 74.50 Td (and ) Tj ET Q q 0 0 0 rg BT 383.90 74.50 Td (Results ) Tj ET Q q 0 0 0 rg BT 416.07 74.50 Td (of ) Tj ET Q q 0 0 0 rg BT 427.13 74.50 Td (Operations—Liquidity ) Tj ET Q q 0 0 0 rg BT 520.96 74.50 Td (and ) Tj ET Q q 0 0 0 rg BT 538.12 74.50 Td (Capital ) Tj ET Q /GS0 gs q 96.00 0 0 13.00 466.00 748.52 cm /I47 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 43 767.3333984375 m 113.9521484375 767.3333984375 l s q 0 0 1 rg BT 43.00 768.67 Td (T) Tj ET Q q 0 0 1 rg BT 48.41 768.67 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 43.00 749.12 Td (Management’) Tj ET Q q 0 0 0 rg BT 113.87 749.12 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 200.24 749.12 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 (June 2019 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 /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 722.10 Td (Resources—Funding ) Tj ET Q q 0 0 0 rg BT 143.02 722.10 Td (Management—Unsecured ) Tj ET Q q 0 0 0 rg BT 252.57 722.10 Td (Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.56 722.10 Td (” ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 710.10 Td (in ) Tj ET Q q 0 0 0 rg BT 64.28 710.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 710.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 101.50 710.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 125.67 710.10 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.22 710.10 Td (.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 54.00 690.30 Td (Deposits) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 653.8 m 201.5 653.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 201.5 653.8 m 247.5 653.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 653.8 m 297.5 653.8 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 629.8 m 201.5 629.8 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 201.5 629.8 m 247.5 629.8 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 629.8 m 297.5 629.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 617.8 m 201.5 617.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 201.5 617.8 m 247.5 617.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 617.8 m 297.5 617.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 605.8 m 201.5 605.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 201.5 605.8 m 247.5 605.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 605.8 m 297.5 605.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 593.8 m 201.5 593.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 201.5 593.8 m 247.5 593.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 593.8 m 297.5 593.8 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 581.8 m 201.5 581.8 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 201.5 581.8 m 247.5 581.8 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 247.5 581.8 m 297.5 581.8 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 57.00 657.58 Td ($ in millions) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 220.30 671.80 Td (At) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 209.95 664.80 Td (June 30,) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 216.20 657.80 Td (2019) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 268.65 671.80 Td (At) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 250.00 664.80 Td (December 31,) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 264.20 657.80 Td (2018) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 646.20 Td (Savings and demand deposits:) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 66.00 633.80 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 148.49 637.14 Td (1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 204.00 633.80 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.30 633.80 Td (1) Tj ET Q q 0 0 0 rg BT 223.19 633.80 Td (17,252) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 250.00 633.80 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 269.30 633.80 Td (141,255) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 66.00 622.20 Td (Savings and other) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.20 621.80 Td (20,762) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 273.20 621.80 Td (13,642) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 609.80 Td (T) Tj ET Q q 0 0 0 rg BT 60.50 609.80 Td (otal Savings and demand deposits) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.30 609.80 Td (138,014) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 269.30 609.80 Td (154,897) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 598.20 Td (T) Tj ET Q q 0 0 0 rg BT 61.02 598.20 Td (ime deposits) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 223.20 597.80 Td (38,579) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 273.20 597.80 Td (32,923) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 57.00 586.20 Td (T) Tj ET Q q 0 0 0 rg BT 60.76 586.20 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 204.00 585.80 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 219.30 585.80 Td (176,593) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 250.00 585.80 Td ($) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 269.30 585.80 Td (187,820) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 572.70 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 564.90 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 564.90 Td (Amounts represent balances swept from client brokerage accounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 542.90 Td (Deposits ) Tj ET Q q 0 0 0 rg BT 91.08 542.90 Td (are ) Tj ET Q q 0 0 0 rg BT 105.38 542.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 144.67 542.90 Td (sourced ) Tj ET Q q 0 0 0 rg BT 177.86 542.90 Td (from ) Tj ET Q q 0 0 0 rg BT 199.38 542.90 Td (our ) Tj ET Q q 0 0 0 rg BT 214.65 542.90 Td (W) Tj ET Q q 0 0 0 rg BT 223.28 542.90 Td (ealth ) Tj ET Q q 0 0 0 rg BT 244.80 542.90 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 530.90 Td (clients ) Tj ET Q q 0 0 0 rg BT 83.72 530.90 Td (and ) Tj ET Q q 0 0 0 rg BT 101.77 530.90 Td (are ) Tj ET Q q 0 0 0 rg BT 117.59 530.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 164.52 530.90 Td (to ) Tj ET Q q 0 0 0 rg BT 175.91 530.90 Td (have ) Tj ET Q q 0 0 0 rg BT 198.40 530.90 Td (stable, ) Tj ET Q q 0 0 0 rg BT 227.84 530.90 Td (low-cost ) Tj ET Q q 0 0 0 rg BT 265.89 530.90 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 518.90 Td (characteristics. ) Tj ET Q q 0 0 0 rg BT 118.41 518.90 Td (T) Tj ET Q q 0 0 0 rg BT 123.82 518.90 Td (otal ) Tj ET Q q 0 0 0 rg BT 143.90 518.90 Td (deposits ) Tj ET Q q 0 0 0 rg BT 181.77 518.90 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.08 518.90 Td (June 30, ) Tj ET Q q 0 0 0 rg BT 232.50 518.90 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 518.90 Td ( ) Tj ET Q q 0 0 0 rg BT 257.59 518.90 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 506.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 97.71 506.90 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.78 506.90 Td (December 31, ) Tj ET Q q 0 0 0 rg BT 180.15 506.90 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.15 506.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.94 506.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 248.44 506.90 Td (driven ) Tj ET Q q 0 0 0 rg BT 278.27 506.90 Td (by ) Tj ET Q q 0 0 0 rg BT 292.56 506.90 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 494.90 Td (reduction ) Tj ET Q q 0 0 0 rg BT 99.42 494.90 Td (in ) Tj ET Q q 0 0 0 rg BT 114.86 494.90 Td (Brokerage ) Tj ET Q q 0 0 0 rg BT 164.17 494.90 Td (sweep ) Tj ET Q q 0 0 0 rg BT 196.81 494.90 Td (deposits ) Tj ET Q q 0 0 0 rg BT 237.25 494.90 Td (due ) Tj ET Q q 0 0 0 rg BT 259.35 494.90 Td (to ) Tj ET Q q 0 0 0 rg BT 274.79 494.90 Td (client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 482.90 Td (redeployment ) Tj ET Q q 0 0 0 rg BT 110.96 482.90 Td (of ) Tj ET Q q 0 0 0 rg BT 121.27 482.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 141.02 482.90 Td (into ) Tj ET Q q 0 0 0 rg BT 158.56 482.90 Td (investments ) Tj ET Q q 0 0 0 rg BT 208.32 482.90 Td (and ) Tj ET Q q 0 0 0 rg BT 224.74 482.90 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 260.59 482.90 Td (client ) Tj ET Q q 0 0 0 rg BT 284.79 482.90 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 470.90 Td (payments, ) Tj ET Q q 0 0 0 rg BT 96.48 470.90 Td (partially ) Tj ET Q q 0 0 0 rg BT 131.45 470.90 Td (of) Tj ET Q q 0 0 0 rg BT 139.60 470.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 155.70 470.90 Td (by ) Tj ET Q q 0 0 0 rg BT 167.35 470.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 194.55 470.90 Td (savings ) Tj ET Q q 0 0 0 rg BT 226.21 470.90 Td (and ) Tj ET Q q 0 0 0 rg BT 242.30 470.90 Td (time ) Tj ET Q q 0 0 0 rg BT 261.73 470.90 Td (deposits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 470.90 Td ( ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 54.00 448.70 Td (Borrowings by Remaining Maturity at ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 207.02 448.70 Td (June 30, 2019) Tj ET Q BT /F6 8.50 Tf ET BT /F6 5.52 Tf ET q 0 0 0 rg BT 262.31 452.75 Td (1) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 419.2 m 160.5 419.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 400.2 m 160.5 400.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 419.2 m 206.5 419.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 400.2 m 206.5 400.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 419.2 m 252.5 419.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 400.2 m 252.5 400.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 419.2 m 298.5 419.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 400.2 m 298.5 400.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 376.2 m 160.5 376.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 376.2 m 206.5 376.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 376.2 m 252.5 376.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 376.2 m 298.5 376.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 364.2 m 160.5 364.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 364.2 m 206.5 364.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 364.2 m 252.5 364.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 364.2 m 298.5 364.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 352.2 m 160.5 352.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 352.2 m 206.5 352.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 352.2 m 252.5 352.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 352.2 m 298.5 352.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 340.2 m 160.5 340.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 328.2 m 160.5 328.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 340.2 m 206.5 340.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 328.2 m 206.5 328.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 340.2 m 252.5 340.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 328.2 m 252.5 328.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 340.2 m 298.5 340.2 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 328.2 m 298.5 328.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 316.2 m 160.5 316.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 316.2 m 206.5 316.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 316.2 m 252.5 316.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 316.2 m 298.5 316.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 304.2 m 160.5 304.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 304.2 m 206.5 304.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 304.2 m 252.5 304.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 304.2 m 298.5 304.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 292.2 m 160.5 292.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 292.2 m 206.5 292.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 292.2 m 252.5 292.2 l s 0 0 0 RG /GS0 gs 1.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 292.2 m 298.5 292.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 54.5 280.2 m 160.5 280.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 160.5 280.2 m 206.5 280.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 206.5 280.2 m 252.5 280.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 280.2 m 298.5 280.2 l s BT /F8 6.00 Tf ET q 0 0 0 rg BT 57.00 422.98 Td ($ in millions) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 171.70 430.20 Td ( Parent) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 168.00 423.20 Td (Company) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 229.00 430.20 Td () Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 209.90 423.20 Td (Subsidiaries) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 267.60 423.20 Td (T) Tj ET Q q 0 0 0 rg BT 271.10 423.20 Td (otal) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 411.60 Td (Original maturities of one year) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 61.50 404.60 Td (or less) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 163.00 404.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 196.65 404.20 Td (—) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 209.00 404.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 232.10 404.20 Td (1,776) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 255.00 404.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 278.10 404.20 Td (1,776) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 392.60 Td (Original maturities greater than one year) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 380.60 Td (2019) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 163.00 380.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 182.20 380.20 Td (10,692) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 209.00 380.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 232.10 380.20 Td (3,015) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 255.00 380.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.20 380.20 Td (13,707) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 368.60 Td (2020) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 182.20 368.20 Td (15,804) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 232.10 368.20 Td (4,386) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.20 368.20 Td (20,190) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 356.60 Td (2021) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 182.20 356.20 Td (21,533) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 232.10 356.20 Td (4,048) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.20 356.20 Td (25,581) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 344.60 Td (2022) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 182.20 344.20 Td (16,157) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 232.10 344.20 Td (2,875) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.20 344.20 Td (19,032) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 332.60 Td (2023) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 182.20 332.20 Td (1) Tj ET Q q 0 0 0 rg BT 186.09 332.20 Td (1,820) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 232.10 332.20 Td (2,769) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.20 332.20 Td (14,589) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 320.60 Td (Thereafter) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 182.20 320.20 Td (80,421) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 228.20 320.20 Td (22,552) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 270.30 320.20 Td (102,973) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 308.60 Td (T) Tj ET Q q 0 0 0 rg BT 60.89 308.60 Td (otal) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 163.00 308.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 178.30 308.20 Td (156,427) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 209.00 308.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 228.20 308.20 Td (39,645) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 255.00 308.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 270.30 308.20 Td (196,072) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 296.60 Td (T) Tj ET Q q 0 0 0 rg BT 60.50 296.60 Td (otal Borrowings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 163.00 296.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 178.30 296.20 Td (156,427) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 209.00 296.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 228.20 296.20 Td (41,421) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 255.00 296.20 Td ($) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 270.30 296.20 Td (197,848) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 57.00 284.20 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 152.71 287.54 Td (2) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 209.00 284.20 Td ( ) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 274.20 284.20 Td (26,621) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.00 Tf ET q 0 0 0 rg BT 54.00 273.50 Td ( ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 265.70 Td (1. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 265.70 Td (Original ) Tj ET Q q 0 0 0 rg BT 87.60 265.70 Td (maturity ) Tj ET Q q 0 0 0 rg BT 112.91 265.70 Td (in ) Tj ET Q q 0 0 0 rg BT 120.17 265.70 Td (the ) Tj ET Q q 0 0 0 rg BT 131.40 265.70 Td (table ) Tj ET Q q 0 0 0 rg BT 147.69 265.70 Td (is ) Tj ET Q q 0 0 0 rg BT 154.58 265.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 183.16 265.70 Td (based ) Tj ET Q q 0 0 0 rg BT 203.07 265.70 Td (on ) Tj ET Q q 0 0 0 rg BT 212.49 265.70 Td (contractual ) Tj ET Q q 0 0 0 rg BT 246.49 265.70 Td (final ) Tj ET Q q 0 0 0 rg BT 260.61 265.70 Td (maturity) Tj ET Q q 0 0 0 rg BT 283.24 265.70 Td (. ) Tj ET Q q 0 0 0 rg BT 287.25 265.70 Td (For ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 257.90 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 96.60 257.90 Td (with ) Tj ET Q q 0 0 0 rg BT 109.97 257.90 Td (put ) Tj ET Q q 0 0 0 rg BT 120.81 257.90 Td (options, ) Tj ET Q q 0 0 0 rg BT 145.38 257.90 Td (remaining ) Tj ET Q q 0 0 0 rg BT 175.73 257.90 Td (maturity ) Tj ET Q q 0 0 0 rg BT 200.66 257.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 233.17 257.90 Td (the ) Tj ET Q q 0 0 0 rg BT 244.02 257.90 Td (earliest ) Tj ET Q q 0 0 0 rg BT 266.78 257.90 Td (put ) Tj ET Q q 0 0 0 rg BT 277.62 257.90 Td (date.) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 54.00 250.10 Td (2. ) Tj ET Q BT /F6 6.50 Tf ET q 0 0 0 rg BT 63.00 250.10 Td (Includes ) Tj ET Q q 0 0 0 rg BT 89.02 250.10 Td (only ) Tj ET Q q 0 0 0 rg BT 102.75 250.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 136.35 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 149.71 250.10 Td (original ) Tj ET Q q 0 0 0 rg BT 172.48 250.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 202.46 250.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 224.86 250.10 Td (than ) Tj ET Q q 0 0 0 rg BT 239.32 250.10 Td (one ) Tj ET Q q 0 0 0 rg BT 251.97 250.10 Td (year) Tj ET Q q 0 0 0 rg BT 264.26 250.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 228.10 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 102.70 228.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.51 228.10 Td ($197,848 ) Tj ET Q q 0 0 0 rg BT 151.49 228.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.38 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.86 228.10 Td (as ) Tj ET Q q 0 0 0 rg BT 191.67 228.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.48 228.10 Td (June 30, ) Tj ET Q q 0 0 0 rg BT 236.29 228.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.29 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.77 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.25 228.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 216.10 Td (modestly ) Tj ET Q q 0 0 0 rg BT 99.64 216.10 Td (when ) Tj ET Q q 0 0 0 rg BT 130.28 216.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 178.68 216.10 Td (with ) Tj ET Q q 0 0 0 rg BT 205.44 216.10 Td ($189,662 ) Tj ET Q q 0 0 0 rg BT 251.92 216.10 Td (million ) Tj ET Q q 0 0 0 rg BT 289.78 216.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 204.10 Td (December 31, ) Tj ET Q q 0 0 0 rg BT 112.58 204.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.58 204.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 180.10 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 180.10 Td (e ) Tj ET Q q 0 0 0 rg BT 71.36 180.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 104.51 180.10 Td (that ) Tj ET Q q 0 0 0 rg BT 123.79 180.10 Td (accessing ) Tj ET Q q 0 0 0 rg BT 166.39 180.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 187.89 180.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 228.28 180.10 Td (through ) Tj ET Q q 0 0 0 rg BT 263.67 180.10 Td (multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 168.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 103.65 168.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 142.16 168.10 Td (helps ) Tj ET Q q 0 0 0 rg BT 166.80 168.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 200.88 168.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 244.41 168.10 Td (access ) Tj ET Q q 0 0 0 rg BT 273.48 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.79 168.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 156.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 98.07 156.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 135.76 156.10 Td (In ) Tj ET Q q 0 0 0 rg BT 147.62 156.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 186.43 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.18 156.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 239.59 156.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.45 156.10 Td (borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 144.10 Td (with ) Tj ET Q q 0 0 0 rg BT 75.64 144.10 Td (original ) Tj ET Q q 0 0 0 rg BT 110.60 144.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 154.45 144.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 186.06 144.10 Td (than ) Tj ET Q q 0 0 0 rg BT 207.14 144.10 Td (one ) Tj ET Q q 0 0 0 rg BT 225.44 144.10 Td (year ) Tj ET Q q 0 0 0 rg BT 246.50 144.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 276.47 144.10 Td (us ) Tj ET Q q 0 0 0 rg BT 289.22 144.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 132.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 85.00 132.10 Td (reliance ) Tj ET Q q 0 0 0 rg BT 121.00 132.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.35 132.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 181.37 132.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 208.48 132.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 247.84 132.10 Td (instruments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 120.10 Td (Borrowings ) Tj ET Q q 0 0 0 rg BT 103.48 120.10 Td (with ) Tj ET Q q 0 0 0 rg BT 123.52 120.10 Td (original ) Tj ET Q q 0 0 0 rg BT 156.89 120.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 199.14 120.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 229.15 120.10 Td (than ) Tj ET Q q 0 0 0 rg BT 248.63 120.10 Td (one ) Tj ET Q q 0 0 0 rg BT 265.33 120.10 Td (year ) Tj ET Q q 0 0 0 rg BT 284.80 120.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 108.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 94.64 108.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 134.16 108.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.38 108.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 179.34 108.10 Td (staggered ) Tj ET Q q 0 0 0 rg BT 221.09 108.10 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 267.02 108.10 Td (thereby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 96.10 Td (mitigating ) Tj ET Q q 0 0 0 rg BT 102.61 96.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 155.64 96.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 180.64 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.58 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.85 96.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 264.78 96.10 Td (investor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 84.10 Td (diversification ) Tj ET Q q 0 0 0 rg BT 114.50 84.10 Td (through ) Tj ET Q q 0 0 0 rg BT 148.34 84.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 170.52 84.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.04 84.10 Td (global ) Tj ET Q q 0 0 0 rg BT 208.77 84.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 259.29 84.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.46 84.10 Td (retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 72.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 82.60 72.10 Td (across ) Tj ET Q q 0 0 0 rg BT 110.09 72.10 Td (regions, ) Tj ET Q q 0 0 0 rg BT 144.53 72.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 188.12 72.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.05 72.10 Td (product ) Tj ET Q q 0 0 0 rg BT 238.10 72.10 Td (types.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 722.10 Td (The ) Tj ET Q q 0 0 0 rg BT 341.13 722.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 387.70 722.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.73 722.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 421.42 722.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.34 722.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 470.69 722.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.05 722.10 Td (us ) Tj ET Q q 0 0 0 rg BT 490.53 722.10 Td (can ) Tj ET Q q 0 0 0 rg BT 505.99 722.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 525.35 722.10 Td (depending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 710.10 Td (on ) Tj ET Q q 0 0 0 rg BT 339.07 710.10 Td (market ) Tj ET Q q 0 0 0 rg BT 371.90 710.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 421.14 710.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.43 710.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 473.49 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.89 710.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 519.17 710.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 552.56 710.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 698.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 355.46 698.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 395.52 698.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.31 698.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 434.53 698.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 463.21 698.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.11 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.79 698.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 522.01 698.10 Td (availability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.00 686.10 Td (credit. ) Tj ET Q q 0 0 0 rg BT 362.74 686.10 Td (W) Tj ET Q q 0 0 0 rg BT 371.38 686.10 Td (e ) Tj ET Q q 0 0 0 rg BT 378.49 686.10 Td (also ) Tj ET Q q 0 0 0 rg BT 397.26 686.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 428.25 686.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 441.20 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.31 686.10 Td (may ) Tj ET Q q 0 0 0 rg BT 478.19 686.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 515.30 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.75 686.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 556.73 686.10 Td (in, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 674.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 376.23 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.60 674.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.97 674.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 458.55 674.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.37 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.62 674.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 527.53 674.10 Td (course ) Tj ET Q q 0 0 0 rg BT 558.67 674.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 662.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 640.10 Td (For ) Tj ET Q q 0 0 0 rg BT 341.53 640.10 Td (further ) Tj ET Q q 0 0 0 rg BT 372.38 640.10 Td (information ) Tj ET Q q 0 0 0 rg BT 423.24 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 436.88 640.10 Td (Borrowings, ) Tj ET Q q 0 0 0 rg BT 490.24 640.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 640.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 529.73 640.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.73 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 543.37 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 554.79 640.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 628.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.48 628.10 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.00 604.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 335.48 604.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 354.09 604.10 Td (Ratings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 580.10 Td (W) Tj ET Q q 0 0 0 rg BT 332.64 580.10 Td (e ) Tj ET Q q 0 0 0 rg BT 339.19 580.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 356.85 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 368.96 580.10 Td (external ) Tj ET Q q 0 0 0 rg BT 403.27 580.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 435.37 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.26 580.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 476.80 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.35 580.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 527.67 580.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 558.67 580.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.91 568.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 364.48 568.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 411.95 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 431.07 568.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 450.76 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.77 568.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 517.33 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.24 568.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 556.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 365.37 556.10 Td (are ) Tj ET Q q 0 0 0 rg BT 381.75 556.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 422.57 556.10 Td (by ) Tj ET Q q 0 0 0 rg BT 436.74 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 454.24 556.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 481.18 556.10 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 515.07 556.10 Td (among ) Tj ET Q q 0 0 0 rg BT 546.45 556.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 544.10 Td (things. ) Tj ET Q q 0 0 0 rg BT 353.92 544.10 Td (In ) Tj ET Q q 0 0 0 rg BT 365.23 544.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 403.47 544.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.78 544.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 445.51 544.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 475.70 544.10 Td (can ) Tj ET Q q 0 0 0 rg BT 492.55 544.10 Td (have ) Tj ET Q q 0 0 0 rg BT 514.41 544.10 Td (an ) Tj ET Q q 0 0 0 rg BT 526.82 544.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 557.00 544.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 532.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 356.58 532.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 390.27 532.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 433.68 532.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 485.15 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.30 532.10 Td (those ) Tj ET Q q 0 0 0 rg BT 524.78 532.10 Td (businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 520.10 Td (where ) Tj ET Q q 0 0 0 rg BT 355.92 520.10 Td (longer) Tj ET Q q 0 0 0 rg BT 381.27 520.10 Td (-term ) Tj ET Q q 0 0 0 rg BT 410.42 520.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 468.45 520.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 526.46 520.10 Td (is ) Tj ET Q q 0 0 0 rg BT 540.63 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 552.56 520.10 Td (key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 508.10 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 382.36 508.10 Td (such ) Tj ET Q q 0 0 0 rg BT 402.69 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 413.01 508.10 Td (OTC ) Tj ET Q q 0 0 0 rg BT 435.00 508.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 476.97 508.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 529.23 508.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 496.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 349.42 496.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 395.94 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.03 496.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 445.11 496.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 462.75 496.10 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 492.15 496.10 Td (When ) Tj ET Q q 0 0 0 rg BT 518.68 496.10 Td (determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 484.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 352.33 484.10 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 387.61 484.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 416.49 484.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 456.48 484.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 495.92 484.10 Td (company-specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 472.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 355.65 472.10 Td (other ) Tj ET Q q 0 0 0 rg BT 378.15 472.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 412.87 472.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 442.03 472.10 Td (such ) Tj ET Q q 0 0 0 rg BT 462.31 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 472.58 472.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 515.62 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.90 472.10 Td (legislative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 460.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 359.45 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.14 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.60 460.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 459.70 460.10 Td (environment, ) Tj ET Q q 0 0 0 rg BT 515.99 460.10 Td (among ) Tj ET Q q 0 0 0 rg BT 546.46 460.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 448.10 Td (things.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 424.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 342.98 424.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 369.17 424.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 399.82 424.10 Td (do ) Tj ET Q q 0 0 0 rg BT 413.24 424.10 Td (not ) Tj ET Q q 0 0 0 rg BT 429.45 424.10 Td (include ) Tj ET Q q 0 0 0 rg BT 462.31 424.10 Td (any ) Tj ET Q q 0 0 0 rg BT 480.18 424.10 Td (uplift ) Tj ET Q q 0 0 0 rg BT 505.27 424.10 Td (from ) Tj ET Q q 0 0 0 rg BT 528.14 424.10 Td (perceived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 412.10 Td (government ) Tj ET Q q 0 0 0 rg BT 378.23 412.10 Td (support ) Tj ET Q q 0 0 0 rg BT 414.70 412.10 Td (from ) Tj ET Q q 0 0 0 rg BT 440.61 412.10 Td (any ) Tj ET Q q 0 0 0 rg BT 461.52 412.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 491.31 412.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 526.10 412.10 Td (given ) Tj ET Q q 0 0 0 rg BT 554.78 412.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 400.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 369.43 400.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 406.52 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.07 400.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 439.07 400.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 477.26 400.10 Td (reform ) Tj ET Q q 0 0 0 rg BT 507.69 400.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 552.56 400.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 388.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 376.81 388.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 405.46 388.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 434.66 388.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 474.96 388.10 Td (have ) Tj ET Q q 0 0 0 rg BT 499.71 388.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 528.91 388.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.78 388.10 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 376.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 363.71 376.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 412.86 376.10 Td (various ) Tj ET Q q 0 0 0 rg BT 445.92 376.10 Td (degrees ) Tj ET Q q 0 0 0 rg BT 480.07 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.02 376.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 518.40 376.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 545.34 376.10 Td (uplift ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 364.10 Td (from ) Tj ET Q q 0 0 0 rg BT 350.27 364.10 Td (non-governmental ) Tj ET Q q 0 0 0 rg BT 430.42 364.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 480.02 364.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 516.84 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.01 364.10 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 352.10 Td (support.) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 324.00 331.90 Td (Parent Company and U.S. Bank Subsidiaries' Senior ) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 324.00 321.70 Td (Unsecured Ratings at July 31, 2019) Tj ET Q BT /F7 8.50 Tf ET q 0 0 0 rg BT 466.21 321.70 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 299.20000000000005 m 482.5 299.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 299.20000000000005 m 525.5 299.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 299.20000000000005 m 567.5 299.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 277.20000000000005 m 429.5 277.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 277.20000000000005 m 482.5 277.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 277.20000000000005 m 525.5 277.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 277.20000000000005 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 324.5 265.20000000000005 m 429.5 265.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 265.20000000000005 m 482.5 265.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 265.20000000000005 m 525.5 265.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 265.20000000000005 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 324.5 253.20000000000005 m 429.5 253.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 253.20000000000005 m 482.5 253.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 253.20000000000005 m 525.5 253.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 253.20000000000005 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 324.5 241.20000000000005 m 429.5 241.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 224.20000000000005 m 429.5 224.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 241.20000000000005 m 482.5 241.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 224.20000000000005 m 482.5 224.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 241.20000000000005 m 525.5 241.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 224.20000000000005 m 525.5 224.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 241.20000000000005 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 525.5 224.20000000000005 m 567.5 224.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 212.20000000000005 m 429.5 212.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 212.20000000000005 m 482.5 212.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 212.20000000000005 m 525.5 212.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 212.20000000000005 m 567.5 212.20000000000005 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 303.20 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 471.70 303.20 Td (Parent Company) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 281.20 Td (  ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 438.15 288.20 Td (Short-T) Tj ET Q q 0 0 0 rg BT 461.10 288.20 Td (erm) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 448.10 281.20 Td (Debt) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.75 288.20 Td (Long-T) Tj ET Q q 0 0 0 rg BT 508.54 288.20 Td (erm) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 496.10 281.20 Td (Debt) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 535.85 288.20 Td (Rating) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 533.90 281.20 Td (Outlook) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 269.60 Td (DBRS, Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 435.25 269.20 Td (R-1 \(middle\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 490.40 269.20 Td (A) Tj ET Q q 0 0 0 rg BT 495.33 269.20 Td ( \(high\)) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 535.45 269.20 Td (Stable) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 257.60 Td (Fitch Ratings, Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 451.40 257.20 Td (F1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 501.10 257.20 Td (A) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 535.45 257.20 Td (Stable) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 245.60 Td (Moody’) Tj ET Q q 0 0 0 rg BT 349.50 245.60 Td (s Investors Service, Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 450.05 245.20 Td (P-2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 499.00 245.20 Td (A3) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 535.45 245.20 Td (Stable) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 233.60 Td (Rating and Investment) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 331.50 226.60 Td (Information, Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 450.40 228.20 Td (a-1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 499.80 228.20 Td (A-) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 532.55 228.20 Td (Positive) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 216.60 Td (S&P) Tj ET Q q 0 0 0 rg BT 340.88 216.60 Td ( Global Ratings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 449.85 216.20 Td (A-2) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 493.85 216.20 Td (BBB+) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 535.45 216.20 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 429.5 190.20000000000005 m 482.5 190.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 190.20000000000005 m 525.5 190.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 190.20000000000005 m 567.5 190.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 171.20000000000005 m 429.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 171.20000000000005 m 482.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 171.20000000000005 m 525.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 171.20000000000005 m 567.5 171.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 159.20000000000005 m 429.5 159.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 147.20000000000005 m 429.5 147.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 159.20000000000005 m 482.5 159.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 147.20000000000005 m 482.5 147.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 159.20000000000005 m 525.5 159.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 147.20000000000005 m 525.5 147.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 159.20000000000005 m 567.5 159.20000000000005 l s 0.6980392156862745 0.6980392156862745 0.6980392156862745 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 147.20000000000005 m 567.5 147.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324.5 135.20000000000005 m 429.5 135.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 429.5 135.20000000000005 m 482.5 135.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 135.20000000000005 m 525.5 135.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 525.5 135.20000000000005 m 567.5 135.20000000000005 l s BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 194.20 Td ( ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 485.70 194.20 Td (MSBNA) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 175.20 Td (  ) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 438.15 182.20 Td (Short-T) Tj ET Q q 0 0 0 rg BT 461.10 182.20 Td (erm) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 448.10 175.20 Td (Debt) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 486.75 182.20 Td (Long-T) Tj ET Q q 0 0 0 rg BT 508.54 182.20 Td (erm) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 496.10 175.20 Td (Debt) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 535.85 182.20 Td (Rating) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 533.90 175.20 Td (Outlook) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 163.60 Td (Fitch Ratings, Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 451.40 163.20 Td (F1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 498.90 163.20 Td (A+) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 535.45 163.20 Td (Stable) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 151.60 Td (Moody’) Tj ET Q q 0 0 0 rg BT 349.50 151.60 Td (s Investors Service, Inc.) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 450.05 151.20 Td (P-1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 499.00 151.20 Td (A1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 535.45 151.20 Td (Stable) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 327.00 139.60 Td (S&P) Tj ET Q q 0 0 0 rg BT 340.88 139.60 Td ( Global Ratings) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 449.85 139.20 Td (A-1) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 498.90 139.20 Td (A+) Tj ET Q BT /F7 7.00 Tf ET q 0 0 0 rg BT 535.45 139.20 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 429.5 113.20000000000005 m 482.5 113.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 113.20000000000005 m 525.5 113.200000000000