Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (14827)	8/30/2000 12:00:16 PM
From: pater tenebrarum	Read Replies (4) \| Respond to of 436258

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....