WASHINGTON - Bankers concerned about rate volatility at the end of the year and uncertainty related to the year-2000 date change moved to hedge their risks in the third quarter, according to the Office of the Comptroller of the Currency's quarterly derivatives report.

"Bank treasurers and chief financial officers chose to take the sleep-well approach and button up their asset and liability structures in advance of the fourth quarter," said Michael L. Brosnan, the agency's deputy comptroller for risk evaluation.

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