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  "documentTitle": "Consolidated Full Presentation",
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  "notes": "The slide uses a waterfall chart to bridge the 2023 outlook from $81B to $84B, with a secondary bar showing medium-term outlook.",
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      "text": "Assumptions: Assumes Fed Funds target upper bound reaches 4.75% by year end, with two cuts in 4Q23; Mid-single digit loan growth; Card Services revolve growth continues; Moderate Wholesale loan growth; Deposits down slightly YoY",
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      "text": "Assumptions: Rate headwinds partially offset by moderate loan growth; Meaningful catch up in deposit repricing as lags are removed from the current run rate; Potential upside from First Republic franchise",
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      "text": "Deposit reprice; Magnitude and timing; Competitive dynamics and consumer behavior; Balance sheet growth and mix; Card Services revolve normalization; Securities reinvestment strategy; Impact of policy choices and macro environment; Pace of QT; Path of Fed Funds rate; Size and terms of RRP; Severity of any recession",
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