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Problem -
Go to the website of the Office of the Comptroller of the Currency and update Table 16-5 using the following steps. Click on "Publications." Click on "Quarterly Report on Bank Derivatives Activities." Click on the most recent date. Under "Bookmarks," click on "Tables." This will bring the file onto your computer that contains the relevant data. What is the dollar value increase in these values over those reported in Table 16-5?
Table 16-5: Derivative Contracts Held by Commercial Banks, by Contract Product (in billions of dollars)
1992
1996
2000
2004
2008
2012 (first quarter)
Futures and forwards
$4,780
$8,041
$9,877
$11,343
$22,512
$40,604
Swaps
2,417
7,601
21,949
56,411
131,706
138,671
Options
1,568
4,393
8,292
17,750
30,267
34,656
Credit derivatives
-
426
2,347
15,897
14,051
Total
$8,765
$20,035
$40,544
$87,880
$200,382
$227,982
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