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under the Blueprint (over eight years). The Tax Foundation similarly estimates that a
document IMAGES-007-HOUSE_OVERSIGHT_023075.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ll bein cash). *S&P ex. Fins. & Real Estate cash is as a % of total S&P 500 market cap Source: Bloomberg, FactSet, BofA Merrill Lynch US Equity & US Quant Strategy, BofA Merrill Lynch Global Research Repatriation in context: a look back at 2004 The last repatriation holiday in...

At this juncture, the Indian rupee seems to be the only one in the region that is expected
document IMAGES-003-HOUSE_OVERSIGHT_014770.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…- 150 150 een PEN (ths lanatl2 =100) 2010 2011 + 2012»««-2013-S-2014-=S 20152016 2012 2013 2014 2015 2016 Source: BofA Merrill Lynch Global Research, Bloomberg, Haver Source: BofA Merrill Lynch Global Research, Bloomberg 40 Global Rates, FX & EM 2017 Year Ahead | 16 November 20...

currencies. The fact that the Central Bank of Brazil will be looking to cut rates in the
document IMAGES-003-HOUSE_OVERSIGHT_014735.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…95 104 0.9 102 0.85 100 0.8 98 0.75 96 0.7 94 0.65 10/1/2015 1/1/2016 4/1/2016 7/1/2016 10/1/2016 1/1/2010 Source: BofA Merrill Lynch Global Research Source: BofA Merrill Lynch Global Research Bankof America 2 Merrill Lynch Global Rates, FX & EM 2017 Year Ahead | 16 November 20...

increase its defense spending. Under Prime Minister Abe, the defense budget has
document IMAGES-002-HOUSE_OVERSIGHT_014419.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…of equipment JP UK AU CH FR KR US RU m= JP personnel and food provisions mwU.S Forces Japan-related cost Source: BofA Merrill Lynch Global Research, World Bank Source: BofA Merrill Lynch Global Research, Ministry of Defense TPP and trade policy: potential for linkages with oth...

US - Multi-Industrials/Engineering and Construction Coverage Cluster
document IMAGES-003-HOUSE_OVERSIGHT_014643.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

US - Multi-Industrials/Engineering and Construction Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY 3M Company MMM MMM US Andrew Obin AECOM ACM ACM US Anna Kaminskaya, CFA Allegion ALLE ALLE US Andrew Obin AMETEK Inc AME AME US A...

YoY and card penetration reaching 20%. Importantly, management is utilizing online
document IMAGES-002-HOUSE_OVERSIGHT_014339.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ith these likely take market share away _ offer anything proprietary new players from traditional lenders Source: BofA Merrill Lynch Global Research = Possible tailwind from regulation: Management at Regions noted that while it is still uncertain how the regulatory landscape wi...

In Israel, Time for Peace Offer May Run Out
document TEXT-001-HOUSE_OVERSIGHT_025610.txt Apr 2, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

 3 April, 2011 Article 1. NYT In Israel, Time for Peace Offer May Run Out Ethan Bronner Article 2. Le Monde diplomatique The Arab spring - Follow the money Samir Aita Article 3. Guardian Obama doctrine? If only Michael Boyle Article 4. The Economist American foreign policy - Wh...

Telecom: supporting a move to higher
document IMAGES-003-HOUSE_OVERSIGHT_016158.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Telecom: supporting a move to higher connectivity Hootan Yazhari, CFA >> Merrill Lynch (DIFC) [email protected] Table 15: Key NTP objectives for the Ministry of Communications and Information Technology 2020 Regional Int'l No. Strategic objective Key Performance Indicat...

Foreign Intelligence Surveillance Act Abuses at the Department of Justice and the
email TEXT-001-HOUSE_OVERSIGHT_026248.txt Feb 2, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

THE WHITE HOUSE WASHINGTON February 2, 2018 The Honorable Devin Nunes Chaiiman, House Permanent Select Committee on Intelligence United States Capitol Washington, DC 20515 Dear Mr. Chaiiiiian: On January 29, 2018, the House Permanent Select Committee on Intelligence (hereinafter...

trailing Instagram and Facebook. Interestingly, after Snapchat passed Instagram in early
document IMAGES-003-HOUSE_OVERSIGHT_014921.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…94 325 337 322 357 318 Facebook 769 766 855 826 781 827 700 Twitter 143 149 139 114 108 128 110 Source: comScore, BofA Merrill Lynch Global Research Chart 14: Instagram vs Snapchat average monthly minutes per visitor 400 350 300 290 200 150 100 2/14 4/14 6/14 8/14 10/14 12/14...

Chart 86: Following last week’s GOP sweep, do you think regulatory relief is in the cards for
document IMAGES-002-HOUSE_OVERSIGHT_014373.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…egulatory burden to bank returns will be more gradual than what financial stocks are currently pricing in Source: BofA Merrill Lynch Global Research = CCAR a product of regulatory attitude: The panelists agreed that CCAR in its current form is not a result of legislation as pos...

Chart 76: Biggest risks to investing in a tech-based lending companies
document IMAGES-002-HOUSE_OVERSIGHT_014366.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ed credit Fragile funding model Uncertain regulatory competitive advantage model/risk backdrop management Source: BofA Merrill Lynch Global Research = Panelists agreed that flexible funding models that utilized both balance sheet lending and distribution of loans were important...

Chart 84: Now that we've defined “big data”, how far do you think financial institutions are at
document IMAGES-002-HOUSE_OVERSIGHT_014372.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…investment alpha / process efficiency, organization revenue growth risk management, regulatory compliance Source: BofA Merrill Lynch Global Research Chart 85: After this conversation, have you changed your mind on how financial institutions are adopting big data in their busin...