Banks continued to reduce their credit exposure from derivatives in the fourth quarter, the Office of the Comptroller of the Currency reported Thursday.

The agency said during the last three months of 1995, the top nine trading banks' credit exposure dropped $12 billion to $228 billion. That put the level of exposure at 250% of risk-based capital, an 8% decline from 273% of risk-based capital at the end of the third quarter.

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