EFTA01529482.pdf

JPMorgan Chase Bank, N.A. JEFFREY EPSTEIN 345 Park Avenue, New York, NY 10154-1002 Asset Account J.P. Morgan Private Bank Team Mary Casey Janet Young William Doherty III Online access Banker Client Service Team Client Service Team www.MorganOnline.com Table of Contents Account Summary Holdings Cash and Short Term Portfolio Activity 4 6 Page 2 Client News IMPORTANT !INFORMATION ABOUT YOUR 1099 TAX REPORTING You should expect to receive your 1099 tax reporting on or about February 28, 2009. If you have any questions about this information, please contact your client services team. ACCT. For the Period 1/1/09 to 1/31/09 000000.0000.00.0000.000.000000000.000000 0000075803.00.0.20.00001.FINAN17.20090203 JEFFREY E EPSTEIN C/O FINANCIAL TRUST COMPANY ATTN: JEANNE BRENNAN 6100 RED HOOK QUARTER B-3 ST THOMAS 00802 VIRGIN ISLANDS, U.S. Page 1 of 9 EFTA01529482 JEFFREY EPSTEIN ACCT. For the Period 1/1/09 to 1/31/09 Account Summary Asset Allocation Cash & Short Term Market Value Accruals Market Value with Accruals Beginning Ending Market Value 56,505.52 $56,505.52 48.94 $56,554.46 Market Value 56,554.46 $56,554.46 30.34 $56,584.80 Current Portfolio Activity Beginning Market Value Income & Distributions Ending Market Value Accruals Market Value with Accruals Period Value 56,505.52 48.94 $56,554.46 30.34 $56,584.80 Year-to-Date Value 56,505.52 48.94 $56,554.46 30.34 $56,584.80 Change In Value 48.94 $48.94 (18.60) $30.34 Estimated 319.53 Current Annual Income Allocation 100% 100% Page 2 of 9 EFTA01529483 JEFFREY EPSTEIN ACCT. For the Period 1/1/09 to 1/31/09 Account Summary Tax Summary Tax-Exempt Income Tax-Exempt Income CONTINUED Current Period Value 48.94 $48.94 Year-to-Date Value 48.94 $48.94 Page 3 of 9 EFTA01529484 JEFFREY EPSTEIN ACCT. For the Period 1/1/09 to 1/31/09 Cash & Short Term Summary Beginning Asset Categories Cash Market Value 56,505.52 Ending Market Value 56,554.46 Change In Value 48.94 Current Allocation 100% Current Market Value/Cost Market Value Tax Cost Estimated Annual Income Accrued Interest Yield Period Value 56,554.46 56,554.46 319.53 30.34 0.57% Page 4 of 9 EFTA01529485 JEFFREY EPSTEIN ACCT. For the Period 1/1/09 to 1/31/09 Cash & Short Term Detail Quantity Cash JP MORGAN INSTITUTIONAL TAX FREE MONEY MARKET SWEEP FUND (840) (SWEEP DEADLINE IS 11:30 AM EST) 7-Day Annualized Yield: .55% 56,554.46 1.00 56,554.46 56,554.46 319.53 30.34 0.57% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Page 5 of 9 EFTA01529486 JEFFREY EPSTEIN ACCT. For the Period 1/1/09 to 1/31/09 Portfolio Activity Summary Beginning Cash Balance Transactions Income INFLOWS Total Inflows SWEEP ACCOUNT ACTIVITY Total Sweep Account Activity Sweep Account Purchases Ending Cash Balance * Year to date information is calculated on a calendar year basis. Current Period Value 0.00 48.94 $48.94 (48.94) ($48.94) $0.00 Year-To-Date Value* -48.94 $48.94 (48.94) ($48.94) -Portfolio Activity Detail INFLOWS & OUTFLOWS Settlement Date 1/2 Type Tax-Exempt Income Description JP MORGAN INSTITUTIONAL TAX FREE MONEY MARKET SWEEP FUND (840) (SWEEP DEADLINE IS 11:30 AM EST) Quantity Per Unit Amount Amount 48.94 Page 6 of 9 EFTA01529487 JEFFREY EPSTEIN ACCT. For the Period 1/1/09 to 1/31/09 SWEEP ACCOUNT ACTIVITY Settlement Date 1/31 Type Net Sweep Description JP MORGAN INSTITUTIONAL TAX FREE MONEY MARKET SWEEP FUND (840) (SWEEP DEADLINE IS 11:30 AM EST) Quantity 48.940 Amount (48.94) Page 7 of 9 EFTA01529488 JEFFREY EPSTEIN ACCT. For the Period 1/1/09 to 1/31/09 In Case of Errors or Questions About Your Electronic Transfers. Contact your J.P. Morgan Team at one of the telephone numbers on the front of this statement or write us at Christiana Road, 1/OPS, Newark,DE19713-2107 as soon as you can, if you think your statement is wrong or if you need more infor mation about a transferon the statement. We must hearfrom you no laterthan 60 days afterwe sent y ou the FIRSTstatement on which the erroror problem appeared. (1) Tellus yourname a nd account number. (2) Describe the erroror the transferyou are unsure about, and explain as clearlyas you can why you believeit is in erroror why you needmore information. (3 ) tell us the dollaramount of the suspected error. Ifyou contact us orally, you mu st send us yourcomplaint or question in writing within 10 business days in orderto preserveyourrights. We will investigateyour complaint and will correct any errorpromptly. Ifwe take more than 10 business days to do this (20 days for purchases using your debit card or f or internationaltransactions),we will credit youraccount for the amount you think is in error, so that you will havethe use ofmoneyduring the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of credit Ifyou think that your statement is incorrect or if you need more information about a transaction on your statement including a line of credit transaction, you must write to us on a separatesheet describing the errorand send it to: J.P. Morgan's P rivate Bank, , 1/OPS3, Newark,DE19713-2107. We must hearfrom you no laterthan 60 days afterthe statement on which the erroror problem appearedis sent. You can cont act yourclient servicespecialistbut doing so will not preserveyour rights. Pleasereviewyouraccount statement and promptly report anyinaccuracyor discrepancyi ncluding possible unauthorizedtrading activity, unrecordeddividendpayments, and un accountedcash positions in writing. Any oral communication should be re-confirmedi n writing to furtherprotect yourrights, including yourrights underthe Securities InvestorProtec tion Act (SIPA). Ifyou haveanyquestions pleasecontact yourJPMSI Account Representa tiveor JPMSI ComplianceDepartmentat In your letter, please provide the following infor▪ mation: (1) your name and accoun t number; (2) the dollaramount of the suspected error; and (3) a description of th e errorand explanation, if you can, why you believethere is an error. Ifyou need m ore information, you must describe the item you are unsure about. Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non-publi cly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of which may have been provi dedto us by third parties who maynot be independent of the issueror manager. Such information is reflectedas oft he last date providedto us, and is not independently verified. Prices, some ofwhich are providedby pricing servicesor othersources which we deem reliable,are not guaranteedfor accuracyor as realizablevalues. Market value information (including without limitation, prices, exchange rates, ac crued income and bond ratings) furnished herein has been obtained from sources tha t the Bank believesto be reliableand is furnished for the exclusiveuse of the clie nt. The Bank makes no representation,warrantyor guarantee,expressor implied, that anyquoted valuereprese ntsthe actual terms at which transactions or securities could be bought or sold or new transactions could be enteredinto, or the actual terms on which existing tran sactions or securities could be liquidated. The current price is the valueofthe financialasset share, unit or contract as pric ed at the close of the marketon the last dayofthe statement periodor the last avai lableprice. All valuesprovidedfor structured yielddeposits (forexample,JPMorgan London Time De posits) reflectthe originaldeposit amount only. The current valuefor RealEstate, Minerallnterestsand MiscellaneousAssets maynot re EFTA01529489 flectthe most current valueof the asset. Valuations of over-the-counterderivativetransactions, including certain derivative s-relateddeposit products, have been preparedon a mid-market basis. These valuatio ns are indicative values as of the close of business of the date of this statement and, except as otherwise agreedin writing, these valuationsdo not representthe actual terms at which transa ctions or securities could be bought or sold or new transactions could be enteredi nto, or the actual terms on which existing transactions or securities could be liq uidatedas of the date of this statement. We do not warrant their completeness or accuracy. These valuationsare d erivedfrom proprietarymodels basedupon well-recognizedfinancialprinciples and we h ave, when necessaryto calculate the present valueof future cash flows, made reason able estimates about relevantfuture market conditions. Valuationsbased on other models or differe ntassumptions may yield differentresults. J.P. Morgan expresslydisclaims any respo nsibilityfor (1) the accuracyof the models or estimates used in deriving the valua tions, (2) any errors or omissions in computing or disseminating the valuations, and (3)anyuses to which th e valuationsare put. Valuations are providedfor information purposes only and are intendedsolelyfor yourown use. Pleasereferto the trade confirmation for details of each transaction. At yourrequest, assets maybe reflectedhereineven though they are held by a third p arty unaffiliatedwith J.P. Morgan. In such case, unless J.P. Morgan otherwise agre es, J.P. Morgan has no responsibilityfor the verification,valuation, safekeepingor managementof those assets. Pleasereviewyourstatement promptly and report anydiscrepanciesimmediatelyto an acc ount officerwhose name appearson the contact page of this statement. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century Fun ds Shares of the funds are not bank deposits and are not guaranteedby any bank, gover nmententity, or the FDIC. Return and share price will fluctuate and redemption val uemay be more or less than original cost. While the money marketfunds seekto maint ain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to do so . The estimatedannualincome and dividendyieldfigures for mutual funds representthe funds' most recentincome dividendannualized. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., whi ch is an affiliate of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. and its affiliates receive compensation from JPMorgan Funds for providing services. Americ an Century InvestmentServices, Inc. is the distributor of the AmericanCenturyFunds. AmericanC enturyInvestmentManagementInc. servesas investment advisorto its respectivefund fa milyand receivescompensation from that fund familyfor providing investment advisor yand other services. Page 8 of 9 EFTA01529490 JEFFREY EPSTEIN ACCT. For the Period 1/1/09 to 1/31/09 Important Information RegardingAuction Rate Securities (ARS). ARS are debt or pref erredsecurities with an interest or dividend rate reset periodicallyin an auction. Although there may be daily, weeklyand monthly resets, there is no guaranteethat there will be liquidity. If there are not enough bids at an auction to redeemthe securities availablefor sale, the result maybe a failedauction. In a failedauction, there is no assurancethat a secondarymarket will developor that the security will trade at paror anyother pri ce reflectedon statements. Accordingly, investors should not relyon pricing information appearingin theirstat ements with respect to ARS. If you have chosen one of the sweep mutual funds, you are notified that positions in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Mone y Market Fund; positions in the FederalMoney Market Sweep Fund represent holdings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep Fu nd representholdings in the JPMorgan TaxExemptMoneyMarketFund. JPMSI is the custodian of listed options purchasedthrough JPMSI. You must promptly adviseJPMSI ofmaterialchanges in yourinvestment objectivesor fin ancialsituation. Unless you inform JPMSI otherwise, JPMSI will considerthe informa tion currentlyin its files to be complete and accurate. You should have receivedseparateJPMSI confirmations for each securities transactio n. All transactions are subject to the terms and conditions stated on the reverses ide of such confirmations and are subject to the constitution, by-laws, customs an d interpretationsof the marketplacewhere executedand governedby and construed in accordance with the laws of the State of New Yorkand all applicablefederallaws and regulations. Furtherinfo rmation with respect to commissions and other charges relatedto the execution of t ransactions, including options transactions, has been included in confirmations that were previ ouslyfurnishedto you. Upon written request, JPMSI will promptly supply you with th e latest such information. Shareholdersof certain JPMorgan Funds are chargeda redemption fee equalto 2% of th e proceeds if they exchangeor redeemshares of such funds within 60 days of purchas e, subject to certain exceptions set forth in the prospectus of the applicableFund . Please consult yourJ.P. Morgan representativefora list of the JPMorgan Funds that impose redempti on fees. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-f or-profit membership corporation funded by broker-dealers registeredwith the Secur ities and ExchangeCommission. Securities and cash held for a customer at JPMSI are protected by SIPC up to $500,000 per customer, which includes up to $100,000 of protection for cash. SIPC does not protect against losses from fluctuations in the value of the s ecurities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank")are not subject to SIPC. Youmay obtain information about SIPC, including the SIPCBrochure, on theirwebsite, at "www.sipc.org" or by contacting them at To the extent applicable,pleasereadthe following disclosur▪es regardingestimated an nualincome (EAI)and estimated yield (EY):EAland EYfor certain types of securities could include a return of principalor capital gains in which case the EAland EYwou ld be overstated. EAI and EYare estimates and the actual income and yieldmight be loweror higherthan the estimatedamounts. EYreflects only the income generatedby an investment. It does n of reflectchanges in its price, which mayfluctuate. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates (the "J .P. Morgan Companies")may provide administrative, custodial, sales, distribution o ✓ shareholderservices to JPMorgan Funds, American Century Funds, or funds establis hed, sponsored, advised, or managedby third parties, and the J.P. Morgan Companiesmaybe compensate dfor such services. Bank products and services are offered through JPMorgan Chase Bank, N.A. and its a ffiliates. Securities are offered by J.P. Morgan Securities Inc. Page 9 of 9 EFTA01529491 EFTA01529492 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01529493