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Creating Cost Efficiencies <br />Our relationship pricing is reflected in Attachment E, with reductions in certain cost <br />categories, such as ACH debits and credits, eLockbox, and Image Cash Letter line items. <br />The City will also note that due to increasing costs industry -wide associated with cash <br />deposits through both vault and branch locations, we have adjusted a couple of line <br />items upward. We provide details on pg. 24 on how the City can mitigate these increases <br />as we work with you to improve your current bulk cash and coin deposit process. <br />Overall, our proposal should provide the City with a net annual improvement in overall <br />associated bank fees that will continue to be able to be offset by an enhanced ECR rate as <br />outlined within the proposal. <br />Technology Leadership <br />J.P. Morgan continues to hire and invest in its Government business, including its <br />people and processes. This commitment assures the City that J.P. Morgan will be here, in <br />close relationship, as the City's needs evolve and grow over time. <br />As the City conducts its analysis, it is important to note that our Chairman, Jamie <br />Dimon, has made the commitment to invest more than $x billion in the bank's core <br />Treasury Services. We continually leverage technology to enhance our products and <br />services while keeping a keen eye on increased security measures and cyberfraud <br />prevention. For the City, this means delivering new platforms, intensified security for <br />your protection, J.P. Morgan ACCESS Online as well as other innovative products like <br />mobile banking and card chip technology. <br />• J.P. Morgan's treasury products and operations are wholly owned by the bank — <br />a key differentiator. This translates into complementary, integrated solutions for <br />the City that is designed for ease of use and a consistent look and feel. It also <br />provides for cost efficiency and timely enhancements, as well as maintaining tight <br />quality and security controls. <br />As part of our commitment to help increase cybersecurity awareness and fraud <br />prevention, we host webinars and offer guidelines, tools and services the City can <br />use to help protect your organization. Additional details can be found by visiting <br />https://wwwjpmorgan.com/pages/insights/governments <br />Gage v JY MiJi`gan <br />