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anteed or endorsed by, any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other governmental agency. About the information presented: The information in this document relating to Millennium Management ILC, its affi
urope, the Middle East, and Asia, as well as North America. Prior to joining Fortress, he held various positions at Applied Development, Scient and Goldman Sachs Asset Management. He graduated from the College of William & Mary with a B.A. in economics. Gil Raviv General Counsel - Joined in 2007 Mr. Raviv is the General Co
equate risk management and control system for this business. Disposition: Injunction 17. Date of Action: May 10, 2004 Entity: UBS AG Brought by: Federal Reserve Bank of New York Details: UBS engaged in U.S. Dollar banknote transactions with counterparties in jurisdictions subject to U.S. sanctions, and certain f
y, where he focused on raising capital to finance large projects. Prior to working with Applied, Mr. Novogratz held various positions at Scient and Goldman Sachs Asset Management. Mr. Novogratz graduated from the College of William & Mary with a BA in Economics. • Peter Santoro, 47 Coined in May 2017), is Millennium's Global
d is nota product of Global nvestment Research or Goldman Sachs Asset Management, L.P (GSAM)}. The views and opinions expressed ma
rms ¢ Investment in education and training This demographic aspect of secular stagnation is undeniable. In fact, an October 2016 paper by a team at the Federal Reserve Board, “Understanding the New Normal: The Role of Demographics,””° shows that the slow pace of economic growth since 1980 and the more pronounced decline i
Page: HOUSE_OVERSIGHT_014545 →e negligible returns but come with downside risk, e.g., if the incoming Trump administration’s fiscal policy is more stimulative than we expect or if the Federal Reserve raises interest rates at a more rapid pace than we expect. As we prepared our one- and five-year annualized expected returns for this Outlook and fi
Page: HOUSE_OVERSIGHT_014554 →r month’s level of 2.9%. Headline CPI dropped to 2.3% from 2./% and Core CPI ex-food and energy remain at a low 2.2%, unchanged from the prior month. The Federal Reserve’s preferred inflation indicator, Core PCE, also remains low at 2.0% which is in line with the Federal Reserve's target, and unchanged from the prior mo
Page: HOUSE_OVERSIGHT_026911 →material represents the views of the Investment Strategy Group (“ISG”) in the Investment Management Division of Goldman Sachs. It is not a product of Goldman Sachs Asset Management (“GSAM”) or Goldman Sachs Global Investment Research. The views and opinions expressed herein may differ from those expressed by other groups of Gold
Page: HOUSE_OVERSIGHT_026921 →Entities connected to both Federal Reserve and Goldman Sachs Asset Management

JPMorgan Chase
ORGANIZATION
Ghislaine Maxwell
PERSONthe State of New York
LOCATION
the Internal Revenue Service
ORGANIZATION
United States
LOCATION
George W. Bush
PERSON
Donald Trump
PERSON
New York
LOCATION
Marc Rich
PERSONthe Securities and Exchange Commission
ORGANIZATION
U.S. Treasury
ORGANIZATION
United Kingdom
LOCATION
John F. Kennedy
PERSON
Wilbur Ross
PERSON
Goldman Sachs
ORGANIZATION
Mohammed bin Salman
PERSON
UBS AG
ORGANIZATION
New York State
LOCATION
European Union
ORGANIZATION
Dallas
LOCATION