Under the current Stress Capital Buffer ("SCB") framework, the Firm's preliminary SCB requirement provided by the Federal Reserve is 2.5% (down from the current 3.3%) and the Firm's Standardized Common Equity Tier 1 ("CET1") capital ratio requirement including regulatory buffers is 11.5% (down from the current 12.3%). The Federal Reserve will provide the Firm with its final SCB requirement by August 31, 2025, and that requirement will become effective on October 1, 2025 and will remain in effect until September 30, 2026.