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Quarterly Banking Profile
Table VI-A Derivatives, All FDIC-Insured Commercial Banks and State-Chartered Savings Banks
(dollar figures in millions;
notional amounts unless otherwise indicated)		 2nd Quarter
2008 		1st Quarter
2008 		4th Quarter
2007 		3rd Quarter
2007 		2nd Quarter
2007 		% Change
07:2-08:2 		Asset Size Distribution
Less
Than $100
Million		 $100 Million
To
$1 Billion		 $1 Billion
To
$10 Billion		 Greater
Than $10
Billion
ALL DERIVATIVE HOLDERS
Number of institutions reporting derivatives 1,063 1,097 1,045 1,026 1,059 0.4 73 644 268 78
Total assets of institutions reporting derivatives $10,101,476 $10,193,210 $9,827,071 $9,459,618 $9,147,957 10.4 $5,533 $278,064 $871,653 $8,946,226
Total deposits of institutions reporting derivatives 6,448,501 6,470,257 6,324,968 6,030,658 5,900,485 9.3 4,388 215,597 608,788 5,619,728
Total derivatives 183,302,893 181,599,440 166,116,969 174,574,410 154,810,235 18.4 219 16,818 97,175 183,188,681
Derivative Contracts by Underlying Risk Exposure
Interest rate 144,933,417 141,879,078 129,490,821 138,720,253 123,336,016 17.5 207 16,491 89,140 144,827,579
Foreign exchange* 19,418,964 19,738,204 17,174,167 16,696,571 15,117,713 28.5 0 24 6,475 19,412,465
Equity 2,344,339 2,410,959 2,522,430 2,745,807 2,487,655 -5.8 12 159 1,038 2,343,130
Commodity & other (excluding credit derivatives) 1,137,363 1,129,778 1,066,704 1,015,444 951,725 19.5 0 2 323 1,137,039
Credit 15,468,809 16,441,421 15,862,846 15,396,335 12,917,125 19.8 0 143 198 15,468,469
Total 183,302,893 181,599,440 166,116,969 174,574,410 154,810,235 18.4 219 16,818 97,175 183,188,681
Derivative Contracts by Transaction Type
Swaps 114,178,369 112,564,785 103,102,442 111,396,434 95,327,302 19.8 32 10,528 65,872 114,101,938
Futures & forwards 23,582,588 22,361,731 18,866,462 17,126,118 16,194,081 45.6 83 1,806 19,116 23,561,583
Purchased options 14,500,997 14,285,549 13,770,867 14,547,038 14,288,409 1.5 12 2,018 6,226 14,492,741
Written options 14,414,796 14,705,216 13,954,387 15,022,184 14,773,502 -2.4 92 2,314 5,492 14,406,897
Total 166,676,750 163,917,280 149,694,159 158,091,774 140,583,294 18.6 219 16,666 96,706 166,563,159
Fair Value of Derivative Contracts
Interest rate contracts 75,935 62,580 20,076 30,716 20,006 279.6 1 23 -7 75,918
Foreign exchange contracts 32,017 9,670 7,980 3,119 5,661 465.6 0 0 -11 32,028
Equity contracts -3,878 -2,426 9,485 -20,872 -24,473 N/M 0 4 30 -3,911
Commodity & other (excluding credit derivatives) 4,976 3,257 1,785 1,664 1,946 155.7 0 0 3 4,972
Credit derivatives as guarantor -398,893 -474,045 -212,447 -104,120 -22,960 N/M 0 0 -15 -398,878
Credit derivatives as beneficiary 428,844 501,034 222,426 110,905 23,824 N/M 0 0 0 428,844
Derivative Contracts by Maturity**
Interest rate contracts < 1 year 44,995,165 42,621,756 39,085,183 48,918,838 39,403,807 14.2 80 2,250 26,155 44,966,680
1-5 years 39,521,384 39,752,478 37,222,363 36,311,048 33,846,133 16.8 15 8,695 25,535 39,487,140
> 5 years 29,704,342 30,105,716 27,724,625 27,877,687 24,588,178 20.8 17 3,065 29,210 29,672,050
Foreign exchange contracts < 1 year 12,345,486 12,524,601 11,591,807 10,094,603 8,948,450 38.0 0 12 5,072 12,340,401
1-5 years 1,929,554 1,924,840 1,604,898 1,831,220 1,667,700 15.7 0 3 17 1,929,535
> 5 years 734,305 714,707 618,960 718,390 676,071 8.6 0 0 10 734,295
Equity contracts < 1 year 504,259 509,709 473,413 464,820 442,652 13.9 1 37 127 504,094
1-5 years 207,553 287,805 297,459 330,227 290,633 -28.6 4 42 440 207,067
> 5 years 76,297 39,960 70,485 70,134 62,916 21.3 0 0 19 76,278
Commodity & other contracts < 1 year 315,202 369,747 284,837 267,197 280,133 12.5 0 0 217 314,984
1-5 years 267,343 277,956 333,631 304,544 261,410 2.3 0 0 47 267,295
> 5 years 28,367 33,492 28,282 31,483 27,273 4.0 0 0 5 28,362
Risk-Based Capital: Credit Equivalent Amount
Total current exposure to tier 1 capital (%) 57.6 67.1 45.4 38.0 30.7   0.2 0.4 1.7 66.9
Total potential future exposure to tier 1 capital (%) 118.4 122.6 110.1 114.7 113.5   0.1 0.4 0.9 137.7
Total exposure (credit equivalent amount) to tier 1 capital (%) 176.1 189.8 155.5 152.7 144.2   0.3 0.7 2.6 204.6
Credit losses on derivatives*** 134.8 14.8 156.1 125.5 6.0 N/M 0.0 0.1 0.0 134.7
HELD FOR TRADING
Number of institutions reporting derivatives 180 171 166 158 166 8.4 8 59 59 54
Total assets of institutions reporting derivatives 8,595,275 8,624,389 8,306,869 7,976,927 7,641,306 12.5 546 24,898 268,832 8,301,000
Total deposits of institutions reporting derivatives 5,500,997 5,466,765 5,354,982 5,081,807 4,917,882 11.9 399 19,537 187,367 5,293,695
Derivative Contracts by Underlying Risk Exposure
Interest rate 142,264,744 139,169,342 127,128,959 136,071,674 120,820,783 17.7 6 542 32,916 142,231,280
Foreign exchange 18,166,799 18,413,342 16,483,116 15,489,462 13,683,371 32.8 0 1 5,812 18,160,986
Equity 2,333,148 2,402,414 2,515,192 2,729,758 2,481,730 -6.0 0 2 326 2,332,819
Commodity & other 1,134,781 1,128,387 1,065,818 1,014,757 951,236 19.3 0 0 200 1,134,581
Total 163,899,472 161,113,484 147,193,085 155,305,652 137,937,120 18.8 6 546 39,254 163,859,666
Trading Revenues: Cash & Derivative Instruments
Interest rate 834 2,393 -2,531 1,624 3,056 -72.7 0 0 8 826
Foreign exchange 2,096 2,084 1,880 1,936 1,266 65.6 0 0 15 2,081
Equity 185 -18 217 -98 1,020 -81.9 0 0 0 185
Commodity & other (including credit derivatives) -1,529 -3,206 -10,145 -803 937 N/M 0 0 -3 -1,526
Total trading revenues 1,585 1,252 -10,579 2,659 6,279 -74.8 0 0 20 1,566
Share of Revenue
Trading revenues to gross revenues (%) 1.2 0.9 -7.7 1.8 4.2   0.0 -0.1 0.5 1.2
Trading revenues to net operating revenues (%) 21.4 12.1 -278.0 14.9 27.8   0.0 -0.7 4.3 22.6
HELD FOR PURPOSES OTHER THAN TRADING
Number of institutions reporting derivatives 972 1,008 965 951 973 -0.1 65 593 242 72
Total assets of institutions reporting derivatives 9,804,983 9,909,002 9,660,622 9,299,269 8,967,564 9.3 4,988 256,877 784,161 8,758,958
Total deposits of institutions reporting derivatives 6,254,800 6,284,848 6,210,095 5,922,180 5,776,895 8.3 3,990 198,663 545,784 5,506,363
Derivative Contracts by Underlying Risk Exposure
Interest rate 2,668,673 2,709,736 2,361,862 2,648,579 2,515,233 6.1 201 15,949 56,224 2,596,299
Foreign exchange 94,832 84,124 131,087 120,808 124,526 -23.8 0 14 393 94,426
Equity 11,191 8,545 7,238 16,048 5,926 88.8 12 156 713 10,310
Commodity & other 2,583 1,391 886 687 489 428.2 0 2 123 2,458
Total notional amount 2,777,279 2,803,796 2,501,073 2,786,122 2,646,174 5.0 213 16,121 57,452 2,703,493

All line items are reported on a quarterly basis.

*Include spot foreign exchange contracts. All other references to foreign exchange contracts in which notional values or fair values are reported exclude spot foreign exchange contracts.

** Derivative contracts subject to the risk-based capital requirements for derivatives.

*** The reporting of credit losses on derivatives is applicable to all banks filing the FFIEC 031 report form and to those banks filing the FFIEC 041 report form that have $300 million or more in total assets.

Last Updated 08/26/2008 Questions, Suggestions & Requests

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