EFTA01529807.pdf

JEFFREY E EPSTEIN ATTN DARREN K INDYKE 301 E 66TH ST APT 106 NEW YORK NY 10065-6298 EFTA01529807 EFTA01529808 JPMorgan Chase Bank, N.A. JEFFREY EPSTEIN 270 Park Avenue, New York, NY 10017-2014 ACCT. For the Period 3/1/11 to 3/31/11 Asset Account J.P. Morgan Team Paul Morris Janet Young Pauline Esposito Online access Banker Client Service Team Client Service Team www.Mor anOnline.com Table of Contents Account Summary Holdings Cash & Fixed Income Portfolio Activity 4 6 Page 2 Client News TurboTax Import Now Available For Your Investment Accounts If you utilize Intuit's TurboTax software, you can now import your tax information automatically. Please contact Private Banking Online Support at 1-866-265-1727, Monday-Friday 8:00 a.m.- 9:00 p.m. ET, Saturday and Sunday 9:00 a.m.- 5:00 p.m. to establish access. J.P. Morgan has no affiliation with TurboTax and we bear no responsibility for any information contained in their software. 0000034589.00.0.20.00001.EPSTE21.20110404 Page 1 of 9 EFTA01529809 JEFFREY EPSTEIN ACCT. For the Period 3/1/11 to 3/31/11 Account Summary Asset Allocation Cash & Fixed Income Market Value Accruals Market Value with Accruals Beginning Ending Market Value 56,754.73 $56,754.73 2.18 $56,756.91 Market Value 56,756.91 $56,756.91 2.41 $56,759.32 Current Portfolio Activity Beginning Market Value Income & Distributions Ending Market Value Accruals Market Value with Accruals Period Value 56,754.73 2.18 $56,756.91 2.41 $56,759.32 Year-to-Date Value 56,749.91 7.00 $56,756.91 2.41 $56,759.32 Change In Value 2.18 $2.18 0.23 $2.41 Estimated 28.37 $28.37 Current Annual Income Allocation EFTA01529810 100% 100% Page 2 of 9 EFTA01529811 JEFFREY EPSTEIN ACCT. For the Period 3/1/11 to 3/31/11 Account Summary Tax Summary Interest Income Taxable Income CONTINUED Current Period Value 2.18 $2.18 Year-to-Date Value 7.00 $7.00 Cost Summary Cash & Fixed Income 56,756.91 Cost Total $56,756.91 Page 3 of 9 EFTA01529812 JEFFREY EPSTEIN ACCT. For the Period 3/1/11 to 3/31/11 Cash & Fixed Income Summary Beginning Asset Categories Cash Market Value 56,754.73 Ending Market Value 56,756.91 Change In Value 2.18 Current Allocation 100% Current Market Value/Cost Market Value Tax Cost Estimated Annual Income Accrued Interest Yield SUMMARY BY MATURITY 1 Cash & Fixed Income 0-6 months 1 Period Value 56,756.91 56,756.91 28.37 2.41 0.05% SUMMARY BY TYPE Market Value 56,756.91 % of Bond Portfolio 100% The years indicate the number of years until the bond is scheduled to mature based on the statement end date. Some bonds may be called, or paid in full, before their stated maturity. Cash & Fixed Income Cash Market Value 56,756.91 % of Bond EFTA01529813 Portfolio 100% Page 4 of 9 EFTA01529814 JEFFREY EPSTEIN ACCT. For the Period 3/1/11 to 3/31/11 Note: 1 This is the Annual Percentage Yield (APY) which is the rate earned if balances remain on deposit for a full year with compounding, there is no change in the interest rate and all interest is left in the account. Cash & Fixed Income Detail Price Cash US DOLLAR 1.00 56,756.91 56,756.91 56,756.91 28.37 2.41 0.05% Quantity Value Adjusted Tax Cost Original Cost Unrealized Gain/Loss Est. Annual Income Accrued Interest Yield Page 5 of 9 EFTA01529815 JEFFREY EPSTEIN ACCT. For the Period 3/1/11 to 3/31/11 Portfolio Activity Summary Beginning Cash Balance Transactions Income INFLOWS Total Inflows Ending Cash Balance Current Period Value 56,754.73 2.18 $2.18 $56,756.91 * Year to date information is calculated on a calendar year basis. Your account's standing instructions use a HIGH COST method for relieving assets from your position Portfolio Activity Detail INFLOWS & OUTFLOWS Settlement Date 3/1 Type Selection Method Interest Income Description DEPOSIT SWEEP INTEREST FOR FEB. @ .05% RATE ON NET AVG COLLECTED BALANCE OF $56,754.73 AS OF 03/01/11 Quantity Cost Per Unit Amount Amount 2.18 Year-To-Date Value* -7.00 $7.00 -Page 6 of 9 EFTA01529816 JEFFREY EPSTEIN ACCT. For the Period 3/1/11 to 3/31/11 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 500 Stanton Christiana 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 on the statement. We must hear from you no later than 60 days after we sent you the 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 why 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 within 10 business days in order to preserve your rights. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do this (20 days for purchases using 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 credit. If you 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 separate sheet describing the error and send it to: J.P. Morgan's Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We must hear from you no later than 60 days after the statement on which the error or problem appeared is sent. You can contact your client service specialist but doing so will not preserve your rights. Please review your account statement and promptly report any inaccuracy or discrepancy including possible unauthorized trading activity, unrecorded dividend payments, and unaccounted cash positions in writing to both the introducing broker, JPMS 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 Protection Act (SIPA). If you have any questions please contact your JPMS Account Representative or JPMS Compliance Department at (212) 483-2323. In your letter, please provide the following information: (1) your name and account 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 the item you are unsure about. Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non publicly traded and infrequently traded securities, derivatives, partnership interests and tangible assets are generally illiquid, the value of which may have been provided to us by third parties who may not EFTA01529817 be independent of the issuer or manager. Such information is reflected as of the last 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 securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions 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 the 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 may not reflect the most current value of the asset. Valuations of over-the-counter derivative transactions, including certain derivatives-related deposit products, have been prepared on a mid-market basis. These valuations are indicative values as of the Page 7 of 9 EFTA01529818 JEFFREY EPSTEIN ACCT. For the Period 3/1/11 to 3/31/11 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 transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated as of the date of this statement. We do not warrant their completeness or accuracy. These valuations are derived from proprietary models based upon well-recognized financial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future market conditions. Valuations based on 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 for your own use. Please refer to the trade confirmation for details of each transaction. Please review your statement promptly and report any discrepancies immediately to an account officer whose name appears on the contact page of this statement. This statement is not an official document for income tax reporting purposes. Deposits in Foreign Branches are not insured by the FDIC or any other Agency of the Federal Government; Amounts in such foreign accounts do not have the benefit of any Domestic preference applicable to U.S Banks; certain Foreign accounts are considered reportable to the Internal Revenue Service on a Report of Foreign Bank and Financial Account (TD F 90-22.1). Important Information Regarding Auction Rate Securities (ARS). ARS are debt or preferred securities with an interest or dividend rate reset periodically in an auction. Although there may be daily, weekly and monthly resets, there is no guarantee that there will be liquidity. If there are not enough bids at an auction to redeem the securities available for sale, the result may be a failed auction. In the event of a failed auction, there is no assurance that a secondary market will develop or that the security will trade at par or any other price reflected on statements and online.Accordingly, investors should not rely on pricing information appearing in their statements or online with respect to ARS. Where J.P. Morgan was unable to obtain a price from an outside service for a particular ARS, the price column on your statement and online will indicate "$0.00" which however should not be relied on as the price at which ARS would trade. Fund manager disclosure information available upon request If you have an investment account that is managed by an SEC-Registered Investment Advisor, the Private Bank of J.P. Morgan will provide a copy of the advisor's Form ADV II or brochure upon written request. You should have received separate confirmations for each securities transaction. All transactions are subject to the terms and conditions stated EFTA01529819 on the reverse side of such confirmations and are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance with the laws of the State of New York and all applicable federal laws and regulations. Further information with respect to commissions and other charges related to the execution of transactions, including options transactions, has been included in confirmations that were previously furnished to you. Upon written request, .JPMS will promptly supply you with the latest such information. Shareholders of certain 3PMorgan Funds are charged a redemption fee equal to 2% of the proceeds if they exchange or redeem shares of such funds within 60 days of purchase, subject to certain exceptions set forth in the prospectus of the applicable Fund. Please consult your J.P. Morgan representative for a list of the JPMorgan Funds that impose redemption fees. Bank products and services are offered through JPMCB and its affiliates. Securities are offered by JPMS and, to the extent noted above, cleared through JPMCC. If a partial call is made with respect to an issue of securities included in your Account we will allocate the call by a method we deem fair and equitable. You must promptly advise JPMS of material changes in your investment objectives or financial situation. Unless you inform JPMS otherwise, JPMS will consider the information currently in its files to be complete and accurate. Page 8 of 9 EFTA01529820 JEFFREY EPSTEIN ACCT. For the Period 3/1/11 to 3/31/11 JPMS is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPMCB. The securities sold, offered, or recommended by JPMS: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMS'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. JPMS's banking affiliates may be lenders to issuers of securities that JPMS underwrites, in which case proceeds of offerings underwritten by JPMS may be used for the repayment of such loans, and you should refer to the disclosure documents relating to particular securities for discussion of any such lending relationships. The Federal Reserve requires that JPMS obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their credit evaluation of you. We will assume that your continuing to transact business with JPMS will constitute your consent to the sharing of such information by JPMS and its bank or thrift affiliates, to the extent permitted by law. Page 9 of 9 EFTA01529821 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01529822