30 July 2013 Exchange Rate Perspectives: FX and the Financial Transaction Tax Figure 28: U.S. Trade Balance with Western Europe IFigure 29: U.S. Trade Balance with Canada IIIMII\icrotrov CUSS en Waal 0 -10 .12 -14 1994 1996 1998 2000 ZOO 2004 2006 2008 2010 2012 Annual (lOSS 0' I !hr. I Saint Deralrinra 0 -20 -40 -60 -SO -1C0 .120 -140 iFigure 30: U.S. Trade Balance with Mexico ) tars) — Annual flat bn )(tn.; 0 -1 -a -4 -5 -e 1994 1996 19913 2000 2002 2004 2006 2009 2010 2012 Source Docise.Bant -4 4 -8 -10 -12 Monthly IUSS ber I 'Dam AnnualiUSSbn Onel 1994 1996 1998 2000 2002 2004 2005 2008 2010 2012 501.106:00140•801 0 -10 -20 -30 -40 -50 -60 -70 -80 -90 [Figure 31: U.S. Trade Balance with Latin America 10 2 0 1 -10 -20 0 -30 -40 4 -50 -60 -70 -4 -90 4 1993 1996 1998 2000 2002 2094 2006 2008 2010 2012 Irr.4corntyross (oar-s) —Annual0M te. /Serer SOUICO Pasch*asl 20 10 0 -10 -20 -30 -40 -50 U.S Current--Account Balance Monitor Figure 32: U.S. Current-Account Balance (1980-2010) -Annurrized Currant Accounts % of GDP 10 a0 30 a.0 Figure 33: U.S. Savings and Investment ((Private & Government Sector Savings-Investment) 10 1200 0 600 -I 0 30 -600 -50 .1200 -7.0 '-70 Ma -81 Mar-85 Mar-89 Mar-93 Mar-97 Mar-01 Mar-05 Mar-09 Ma -13 Satscit ObStrimin Page 44 Prmite Sean &Una Gail %Ow lloranc4 1200 600 0 -600 -1200 -1800 i -1000 Mar-8I Mar-85 Mar-0O3 Mar-93 Mar-97 Mar-01 Mar-05 Mar-CO Ma -13 Sam OfilSVIIIII Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 104700 SDNY_GM_00250884 EFTA01449336