Investor Presentaiton

Unsecured Non-Benchmark & Secured Funding " ப As part of our broader non-deposit funding strategy, we strive for a diversified funding mix across various products, issuing entities, currencies, tenors and investor types Unsecured Non-Benchmark Funding Structured debt (~$81bn as of 1Q21) Issue across various entities at attractive levels $18bn issued during 1Q21 (24% in non-USD currencies) Non-structured debt (~$27bn as of 1Q21) Provides incremental diversification opportunities Includes our CP program in GSI (~$8bn balances at 1Q21) Non-Benchmark Unsecured Debt Outstanding (1Q21) Secured Funding Diversified across counterparties, tenor, and geography Term dictated by composition of fundable assets Target longer tenors for less liquid assets Stress testing to ensure sufficient liquidity Collateralized Financings ($bn) Currency Other 8% EUR 14% JPY 15% USD 63% Tenor >20yr 6% $193 $174 $152 $147 $144 $131 <2yr 37% 10yr-20y 14% 5yr-10yr 2yr-5yr 4Q19 16% 27% ■Repo 1Q20 2Q20 ■Securities Loaned 3Q20 4Q20 ■Other Secured Financings 1Q21 10

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