Source: Comptroller of the Currency June 6, 2000 OCC Bank Derivatives Report First Quarter 2000 General The OCC quarterly report on bank derivatives activities and trading revenues is based on quarterly call report information provided by U.S. commercial banks.

The notional amount of derivatives in insured commercial bank portfolios increased by $2.8 trillion in the first quarter, to $37.6 trillion. Generally, changes in notional volumes are reasonable reflections of business activity but do not provide useful measures of risk. During the first quarter, the notional amount of interest rate contracts increased by $2.4 trillion, to $30.2 trillion. Foreign exchange contracts increased by $226 billion to $6.1 trillion. This figure excludes spot foreign exchange contracts, which increased by $423 billion to $490 billion.

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