The notional value of derivatives held by U.S. commercial banks increased $1.5 trillion in the second quarter, or 0.7%, to $203.5 trillion.
By Daniel at 16 October, 2009, 11:48 am
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U.S. commercial banks reported revenues of $5.2 billion trading cash and derivative instruments in the second quarter of 2009, compared to a record $9.8 billion in the first quarter.
Net current credit exposure decreased 20% to $555 billion.
Derivative contracts remain concentrated in interest rate products, which comprise 85% of total derivative notional values. The notional value of credit derivative contracts decreased by 8% during the quarter to $13.4 trillion.
Five large commercial banks represent 97% of the total banking industry notional amounts and 88% of industry net current credit exposure.
Banks reported trading revenues of $5.2 billion in the second quarter, down 47% from the record $9.8 billion in the first quarter. Notwithstanding the large drop in trading revenues, the second quarter performance was still the sixth highest revenue quarter for commercial banks.
JUNE 30, 2009, $ MILLIONS
Bank
Total Assets
Total Derivatives
JPMORGAN CHASE BANK NA OH
$1,663,998
$79,941,219
2 GOLDMAN SACHS BANK USA NY
$119,678
$40,477,262
3 BANK OF AMERICA NA NC
$1,450,830
$39,064,884
4 CITIBANK NATIONAL ASSN NV
$1,165,400
$31,943,721
5 WELLS FARGO BANK NA SD
$1,100,177
$5,111,215
http://www.occ.gov/ftp/release/2009-114a.pdf
Wile-E-Coyote
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