From: Stewart Oldfield Sent: 10/23/2017 10:21:51 AM To: Martin Zeman Subject: RE: Call with our Muni desk - II] You around today? From: Martin Zeman Sent: Thursday, October 19, 2017 11:04 AM To: Stewart Oldfield Subject: RE: Call with our Muni desk - [I] I apologize Stewart, didn't realize this. I will unwind this. Let's talk when you're back. From: Stewart Oldfield Date: Thursday. Oct 19, 2017, 10:51 To: Martin Zeman Subject: Re: Call with our Muni desk - [11 Classification: For Internal Use Only Please don't have this call. Deposits are strategically important to us. Jeffrey also has a specific tax set up that makes munis less attractive. We should have discussed this first. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 Tel: 212 454.2881 Mobile: 917 209-0686 blackberry Email: Securities offered through Deutsche Bank Securities Inc. From: Martin Zeman Sent: Thursday, October 19, 2017 06:38 AM To: Paul Barrett Cc: Stewart Oldfie Subject: Call with our Muni desk - Paul, Back to our discussion yesterday, can you do a call with our muni desk next week Monday or Wednesday? Monday before 2pm works or Wednesday anytime except 10am. I mentioned you are getting 90bps on your deposits and they say they have better solutions. Martin CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092034 CONFIDENTIAL SDNY_GM_00238218 EFTA01388471