30 July 2013 Exchange Rate Perspectives: FX and the Financial Transaction Tax Figure 22: U.S. Trade Balance - Automotive 0 4 4 -6 -10 -12 -14 -16 Momnb (US$ bn I (bars) Annuai1LISS bn 1044 1994 1996 1998 2000 2002 2(44 2006 2026 2010 2012 Source Drearrearn !Figure 23: U.S. Trade Balance Food & Beverages INN Abnttly USS bn ban) Annual IV% bn I dm/ -20 -60 -80 -103 -120 -140 -160 -l&3 1994 1996 1998 2000 2002 2004 2006 2038 2010 2012 I Sono Oatarnroo 30 25 20 15 10 5 0 -5 -10 -15 U.S. Bilateral Trade Balances by Country & Region 'Figure 24: U.S. Trade Balance with China -5 -10 -15 -20 -25 -30 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 MIN Monthly (UST bn ) <barbs Annuai.955 bn I am) Sane Daraverm 0 -50 -100 -150 -200 -250 -300 'Figure 25: U.S. Trade Balance with Japan -1 2 -3 .4 -5 4 a 4 -10 1994 1996 1998 2000 2002 2004 2008 2006 2010 2012 1114entily11.15S 641 1644 Annual PAS to I Ormiai Sourtv Detainten -6 -15 -25 -35 .45 -55 -65 -75 -85 -95 1 igure 26: U.S. Trade Balance with the Pacific Rim ( F (Figure 27: U.S. Trade Balance with OPEC Asia excluding China and Japan) 1 11.1(41111y1USS bn lbw* Stun. DeoScreen --Annual 1USS bn.11144) 2000 2002 2004 2006 2008 2010 2012 Deutsche Bank Securities Inc. -5 -15 -26 0 -6 -35 -10 -46 -15 55 -2p fi Monthly1USS bn) -65 lbws) -25 75 415 -33 Annual ill% bn )194) 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 Sant Da•Snoim 0 -40 -80 -120 -160 -200 Page 43 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 104699 SDNY_GM_00250883 EFTA01449335