EFTA01529587.pdf

JPMorgan Chase Bank, N.A. JEFFREY EPSTEIN 345 Park Avenue, New York, NY 10154-1002 ACCT. For the Period 10/1/09 to 10/31/09 0000025207.00.0.20.00001.EPSTE21.20091103 JEFFREY E EPSTEIN ATTN: DARREN K INDYKE 301 EAST 66TH ST STE 10B NEW YORK NY 10065 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 If you plan to make gifts of securities this year, please notify your Client Service Representative before December 1, 2009. This will allow us to process your request before year-end and meet the deadline for tax filing purposes. Page 1 of 11 EFTA01529587 JEFFREY EPSTEIN ACCT. For the Period 10/1/09 to 10/31/09 Account Summary Asset Allocation Cash & Short Term Market Value Accruals Market Value with Accruals Beginning Ending Market Value 56,699.27 $56,699.27 7.23 $56,706.50 Market Value 56,700.83 $56,700.83 5.68 $56,706.51 Current Portfolio Activity Beginning Market Value Withdrawals & Fees Net Contributions/Withdrawals Income & Distributions Ending Market Value Accruals Market Value with Accruals Period Value 56,699.27 (5.67) ($5.67) 7.23 $56,700.83 5.68 $56,706.51 Year-to-Date Value 56,505.52 (11.34) ($11.34) 206.65 $56,700.83 5.68 $56,706.51 Change In Value 1.56 $1.56 (1.55) $0.01 Estimated 61.23 Current Annual Income Allocation 100% 100% Page 2 of 11 EFTA01529588 JEFFREY EPSTEIN ACCT. For the Period 10/1/09 to 10/31/09 Account Summary Tax Summary Tax-Exempt Income Tax-Exempt Income CONTINUED Current Period Value 7.23 $7.23 Year-to-Date Value 206.65 $206.65 Page 3 of 11 EFTA01529589 JEFFREY EPSTEIN ACCT. For the Period 10/1/09 to 10/31/09 Cash & Short Term Summary Beginning Asset Categories Cash Market Value 56,699.27 Ending Market Value 56,700.83 Change In Value 1.56 Current Allocation 100% Current Market Value/Cost Market Value Tax Cost Estimated Annual Income Accrued Interest Yield Period Value 56,700.83 56,700.83 61.23 5.68 0.11% Page 4 of 11 EFTA01529590 JEFFREY EPSTEIN ACCT. For the Period 10/1/09 to 10/31/09 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: .11% 56,700.83 1.00 56,700.83 56,700.83 61.23 5.68 0.11% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Page 5 of 11 EFTA01529591 JEFFREY EPSTEIN ACCT. For the Period 10/1/09 to 10/31/09 Portfolio Activity Summary Beginning Cash Balance Transactions Income INFLOWS Total Inflows OUTFLOWS Total Outflows Fees SWEEP ACCOUNT ACTIVITY Sweep Account Sales Sweep Account Purchases Total Sweep Account Activity Ending Cash Balance * Year to date information is calculated on a calendar year basis. Current Period Value 0.00 7.23 $7.23 (5.67) ($5.67) 5.67 (7.23) ($1.56) $0.00 Year-To-Date Value* - 206.65 $206.65 (11.34) ($11.34) 11.34 (206.65) ($195.31) -Page 6 of 11 EFTA01529592 JEFFREY EPSTEIN ACCT. For the Period 10/1/09 to 10/31/09 Portfolio Activity Detail INFLOWS & OUTFLOWS Settlement Date 10/1 Type Tax-Exempt Income Description JP MORGAN INSTITUTIONAL TAX FREE MONEY MARKET SWEEP FUND (840) 10/27 Commissions (SWEEP DEADLINE IS 11:30 AM EST) JPMORGAN CHASE CUSTODY FEES FOR THE PERIOD FROM 07-01-2009 THROUGH 09-30-2009 MARKET VALUE: $56,699.27 Total Inflows & Outflows SWEEP ACCOUNT ACTIVITY Settlement Date 10/31 Type Net Sweep Description JP MORGAN INSTITUTIONAL TAX FREE MONEY MARKET SWEEP FUND (840) (SWEEP DEADLINE IS 11:30 AM EST) Quantity 1.560 Amount (1.56) $1.56 (5.67) Quantity Per Unit Amount Amount 7.23 Page 7 of 11 EFTA01529593 JEFFREY EPSTEIN ACCT. For the Period 10/1/09 to 10/31/09 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 th is statement or write us at Road, 1/OPS, Newark, DE 19713 -2107 as soon as you can, if you think your statement is wrong or if you need more information about a transfer o n the statement. We must hear from you no later than 60 days after we sent you t he FIRST statement on which the error or problem appeared. (1) Tell us your name and account number. (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can wh y you believe it is in error or why you need more information. (3) tell us the dollar amount of the suspected error. If you contact us orally, you must send us your complaint or question in writing wi thin 10 business days in order to preserve your rights. We will investigate your complaint and will correct any error promp tly. If we take more than 10 business days to do this (20 days for purchases usi ng your debit card or for international transactions), we will credit your account for the amount you think is in error, so that you will have the use of money during the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of cred it. If you think that your statement is incorrect or if you need more information ab out a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet describing the error and send it to: J.P. Morgan's Private Bank, Roa d, 1/OPS3, Newark, DE 19713-2107. We must hear from you no later than 60 days of ter the statement on which the error or problem appeared is sent. You can contact your client service specialis t but doing so will not preserve your rights. Please review your account statement and promptly report any inaccuracy or discr epancy including possible unauthorized trading activity, unrecorded dividend pay ments, and unaccounted cash positions in writing to both the introducing broker, JPMSI and the clearing firm , JPMCC at the addresses shown on your statement. Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protect ion Act (SIPA). If you have any questions please contact your JPMSI Account Repr esentative or JPMSI Compliance Department at In your letter, please provid▪e the following information: (1) your name and acco unt number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can, why you believe there is an error. If you need more information, you must describe t he item you are unsure about. Page 8 of 11 EFTA01529594 JEFFREY EPSTEIN ACCT. For the Period 10/1/09 to 10/31/09 Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non-pub licly traded and infrequently traded securities, derivatives, partnership intere sts and tangible assets are generally illiquid, the value of which may have been provided to us by third parties who may not be independent of the issuer or manager. Such information is reflected as of the la st date provided to us, and is not independently verified. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values. Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein has been obtained from sources that J.P. Morgan believes to be reliable and is furnished for the exclusive use of the client. J.P. Morgan makes no representation, warranty or guarantee, express or implied, that any quoted value represents the actual terms at which transactions or secur ities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transa ctions or securities could be liquidated. The current price is the value of the financial asset share, unit or contract as priced at the close of the market on the last day of the statement period or th e last available price. All values provided for structured yield deposits (for example, JPMorgan London Time Deposits) reflect the original deposit amount only. The current value for Real Estate, Mineral Interests and Miscellaneous Assets ma y not reflect the most current value of the asset. Valuations of over-the-counter derivative transactions, including certain deriva tives-related deposit products, have been prepared on a mid-market basis. These valuations are indicative values as of the close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent the actual terms at which transact ions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing tr ansactions or securities could be liquidated as of the date of this statement. W e do not warrant their completeness or accuracy. These valuations are derived from proprietary models based upon well-r ecognized financial principles and we have, when necessary to calculate the pres ent value of future cash flows, made reasonable estimates about relevant future market conditions. Valuations based o n other models or different assumptions may yield different results. J.P. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and 3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely fo ✓ your own use. Please refer to the trade confirmation for details of each trans action. Please review your statement promptly and report any discrepancies immediately t o an account officer whose name appears on the contact page of this statement. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century F unds Shares of the funds are not bank deposits and are not guaranteed by any bank, go vernment entity, or the FDIC. Return and share price will fluctuate and redempti on value may be more or less than original cost. While the money market funds seek to maintain a stable net asset value of $1.00 per share, there is no assurance that they will continue to do so . The estimated annual income and dividend yield figures for mutual funds represent the funds' most recent income dividend annualized. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., w hich is an affiliate of the Bank. The Bank and its affiliates receive compensati EFTA01529595 on from JPMorgan Funds for providing services. American Century Investment Services, Inc. is the distributor of the A merican Century Funds. American Century Investment Management Inc. serves as inv estment advisor to its respective fund family and receives compensation from that fund family for providing invest ment advisory and other services. Page 9 of 11 EFTA01529596 JEFFREY EPSTEIN ACCT. For the Period 10/1/09 to 10/31/09 Important Information Regarding Auction Rate Securities (ARS). ARS are debt or p referred securities with an interest or dividend rate reset periodically in an a uction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. I f there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In a failed auction, there is no assurance that a secondary market will develop or th at the security will trade at par or any other price reflected on statements. Ac cordingly, investors should not rely on pricing information appearing in their statements with respect to ARS. If you have chosen one of the sweep mutual funds, you are notified that position s in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the Federal Money Market Sweep Fund represent holdings in the JPMorgan Federal Money Market Fund; and positions in the Tax Exempt Money Market Sweep Fund represent holdings in the JPMorgan Tax Exempt Money Market Fund. You should have received separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace whe re executed and governed by and construed in accordance with the laws of the Sta to of New York and all applicable federal laws and regulations. Further information with respect to commissions an d other charges related to the execution of transactions, including options tran sactions, has been included in confirmations that were previously furnished to you. Upon written request, JPMSI will promptly supply you with the latest such information. Shareholders of certain JPMorgan Funds are charged a redemption fee equal to 2% of the proceeds if they exchange or redeem shares of such funds within 60 days o f purchase, subject to certain exceptions set forth in the prospectus of the applicable Fund. Please consult yo ur J.P. Morgan representative for a list of the JPMorgan Funds that impose redem ption fees. JPMSI, JPMCB or their affiliates (the "J.P. Morgan Companies") may provide admin istrative, custodial, sales, distribution or shareholder services to JPMorgan Fu nds, American Century Funds, or funds established, sponsored, advised, or managed by third parties, and the J.P. Morga n Companies may be compensated for such services. A financial statement of this organization is available to you for personal insp ection at its offices, or a copy will be mailed to you upon written request. Bank products and services are offered through JPMCB and its affiliates. Securit ies are offered by JPMSI and, to the extent noted above, cleared through JPMCC. If a partial call is made with respect to an issue of securities included in you ✓ Account we will allocate the call by a method we deem fair and equitable. You must promptly advise JPMSI of material changes in your investment objectives or financial situation. Unless you inform JPMSI otherwise, JPMSI will consider the information currently in its files to be complete and accurate. JPMSI is not a bank and is a separate legal entity from its bank or thrift affil fates, including JPMCB. The securities sold, offered, or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other g overnmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates unless otherwise indicated), and are not guaranteed by or the responsibility of any such affiliates (unless explicitly stated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMSI's banking affiliates may be lenders to issuers of securities that JPMSI un derwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repayment of such loans, and EFTA01529597 you should refer to the disclosure documents relating to particular securities f or discussion of any such lending relationships. The Federal Reserve requires th at JPMSI obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their c redit evaluation of you. We will assume that your continuing to transact busines s with JPMSI will constitute your consent to the sharing of such information by JPMSI and its bank or thrift affiliates, to the e xtent permitted by law. Page 10 of 11 EFTA01529598 JEFFREY EPSTEIN ACCT. For the Period 10/1/09 to 10/31/09 DEPOSITS IN FOREIGN BRANCHES ARE NOT INSURED BY THE FDIC, THE FEDERAL RESERVE BO ARD OR ANY OTHER GOVERNMENTAL AGENCY; AMOUNTS IN THE TIME DEPOSITS DO NOT HAVE THE BENEFIT OF ANY DOMESTIC PREFERENCE APPLICABLE TO U.S. BANKS. Page 11 of 11 EFTA01529599 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01529600