# EXHIBIT 120
From: Duffy, John R [john.r.duffy@jpmorgan.corn] Sent: 10/4/2012 4:49:13 PM To: 1.1. Mary C Subject: RE: Jeffrey Epstein note

Let's keep him within the PB. I'll be back to with a thought or two. Right now I'm thinking Bob Doto on Vince's team — plenty of backbone

John R Duffy Chief Executive Officer U.S. Private Bank JP 270 Park Avenue New York, NY 10017

Tel: 212-464.1468 john.r.duffyekromansxim

From: =, Mary C Sent: Thursday, October 04, 2012 11:13 AM To: Duffy, John R Subject: Jeffrey Epstein note

John — whichever option we choose, we should definitely run it by Jes first to ensure he's on board. Let me know when to reach out or if you want to put a call into him this morning. Thanks again for your help on this one. I welcome your thoughts!

Mary

Mary S Managing Director, 1.P. 270 Park Ave., New York, NY 10017 tel: (212) 464-0374; fax: (212) 464-1311 ma ry.c.ca sey@tomorgan.com Private Bank