probably...some derivatives facts:
This is a pdf file but has some interesting info and graphs on it.
occ.treas.gov
Graph number one is illuminating in showing the rise in notional derivatives.
1990 = $6 trillion
2000 = $37 trillion
Graph 5c shows the losses sustained the last few years
$450 billion in 1998 Q3
Graph 8 shows the notional amounts - gold & precious metals contracts by maturity
Page 18 shows the top 25 rankings in exposure
Chase Manhattan with total assets of $312,205 million
And total derivatives of $13,346,628 million
Morgan Guarantee with total assets of $182,972 million
And total derivatives of $9,338,142 million
Bank of America with total assets of $585,373 million
And total derivatives of $6,465,602 million
Citibank with total assets of $337,958 million
And total derivatives of $4,506,836 million
Page 26 Table 9 shows the derivative contract held by the banks on gold & precious metals.
Morgan Guarantee leads the way with $36,335 million in gold contracts and $1,139 million in precious metals contracts.
( note that this is 20% of their total assets )
Chase Manhattan comes in second with $31,520 million in gold contracts and $332 million in precious metals contracts.
( note that this is 10% of their total assets )
Citibank comes in third with $11,831 million in gold contracts and $75 million in precious metals contracts.
Bank America which carries zero gold contracts carries $387 million in precious metals contracts
Morgan Guarantee comes in second with $36,335 million in gold contracts and $1,139 in precious metals contracts.
Total derivative is $37,329,886 million
Total gold derivatives $95,542 million
Total PM derivatives $4,024 million
tick, tick, tick.... |
