US commercial banks are using derivatives more to manage
their risks, according to Office of the Comptroller of the
Currency (OCC)'s latest Banking derivatives report, which said
trading increased by $5.3tr to $61.4tr in the first
However, the number of commercial banks involved in
derivatives remains small. "The top seven commercial banks
account for almost 96% of the total notional amount of
derivatives in the commercial banking system, with more than
99% held by the top 25 banks," said Kathryn Dick, OCC's deputy
comptroller for risk evaluation.
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