EFTA Document EFTA01369953

From: Richard Kahn Sent: 2/1/2017 10:42: To: Stewart Oldtield Subject: Re: DB deposits please call me to discuss attached along with muni structure thanks Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cel On Jan 31, 2017, at 10:54 AM, Stewart Oldfield wrote: Rich, I didn't want to discuss 1E/SF's cash position with Steve in the room yesterday, but we can offer materially higher deposit rates (65bps currently) if he holds his cash in DBAG's NY Branch. As we've previously discussed, DB has a strong appetite to increase deposits directly in the US (as opposed to moving funding from Germany to the US). Given the resolution of our main DO1 matter at the end of last year, and new German insolvency laws that went into effect at the beginning of this year to further protect depositors, I wanted to open a dialog about linking DB AG accounts to his existing accounts to earn the higher rate. Ideally he would move even more deposits our way if he plans to maintain cash balances generally. I owe you more follow up from yesterday as well. Working on that now. Thanks again, Stew <image00I .png> Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue New York NY 10154 Tel Mobi Email Securities offered through Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0062480 CONFIDENTIAL SDNY_GM_00208664 EFTA01369953