To: Joe S Pack who wrote (54181 ) 10/12/2004 9:44:12 PM From: Joe S Pack Respond to Banks' derivative use jumps 23% in Q2 This monster is so thirsty and large that Green$rook and ChopperBen may not be able to do anything. Banks used $81 trillion worth of derivatives in the second quarter, up from $65.8 trillion a year earlier, according to a report by the Office of Comptroller of the Currency, a government agency that compiles reports from lenders operating in the U.S.At $81 trillion, the market now dwarfs equity markets such as the New York Stock Exchange, which lists companies with a market capitalization of less than $12 trillion. Ninety percent of outstanding derivatives were traded over the counter in the second quarter, with the remaining 10 percent traded on exchanges, the OCC said.
